Icon Energy Annual Report 2019

8. REMUNERATION OF EACH MEMBER OF KEY MANAGEMENT PERSONNEL AND DIRECTORS FOR THE CONSOLIDATED ENTITY Table 3: Directors and Key Management Personnel Remuneration for the year ended 30 June 2019 Short Term Post- employment Salaries & Fees (i) $ Other Benefits (ii) $ Super- annuation $ Long-term Employee Benefits (iii) $ Total $ Non-executive Directors Stephen Barry 84,800 – 8,056 – 92,856 Keith Hilless 62,800 – 5,966 – 68,766 Derek Murphy 68,000 – 6,460 – 74,460 Howard Lu 56,000 – 5,320 – 61,320 Executive Directors and Senior Managers Ray James (iv) 556,295 45,000 52,585 10,318 664,198 Kevin Jih 426,451 40,000 40,165 7,929 514,545 Martin Berry 327,942 – 30,989 3,071 362,000 Total 1,582,288 85,000 149,541 21,318 1,838,147 (i) Salaries & Fees include annual leave paid during the year. (ii) Other Benefits represent car allowance received during the year for Ray James of $45,000 and for Dr Jih of $40,000. (iii) Long-term employee benefits represent only the long service leave accrued during the year. (iv) Mr James and Icon have agreed to vary his base salary by a 60% reduction down to $222,249 per annum plus superannuation from 1 September 2019 to the contract termination date 31 December 2019. Table 4: Directors and Key Management Personnel Remuneration for the year ended 30 June 2018 Short Term Post- employment Salaries & Fees (i) $ Other Benefits (ii) $ Super- annuation $ Long-term Employee Benefits (iii) $ Total $ Non-executive Directors Stephen Barry 95,400 – 9,063 – 104,463 Keith Hilless 70,650 – 6,712 – 77,362 Derek Murphy 76,500 – 7,268 – 83,768 Howard Lu 63,000 – 5,985 – 68,985 Executive Directors and Senior Managers Ray James 542,755 45,000 51,016 10,251 649,022 Kevin Jih 413,744 40,000 39,201 7,138 500,083 Martin Berry 323,963 – 30,695 2,489 357,147 Total 1,586,012 85,000 149,940 19,878 1,840,830 (i) Salaries & Fees include annual leave paid during the year. (ii) Other Benefits represent car allowance received during the year for Ray James of $45,000 and for Dr Jih of $40,000. (iii) Long-term employee benefits represent only the long service leave accrued during the year. 31 Icon Energy Annual Report 2019