Remuneration of key management personnel and the five highest paid executives of the Company and the  Consolidated Entity * SJ Huffadine and CM Cmrlec both resigned on 1 June 2011.  •  The Company may terminate the contract at any time without notice if serious misconduct has occurred.  Where termination with cause occurs the executive is only entitled to that portion of remuneration that is  fixed, and only up to the date of termination. On termination with cause by the Company, any LTI options that  have vested will be released. LTI options that have not yet vested will be forfeited. Table 1:  Remuneration for the year ended 30 June 2011  Short Term Post employ- ment Long term  benefits Share- based  Payment Total Salary and  Fees Non  monetary  benefits Superan- nuation Long  service  leave Options % Perfor- mance  related % of  remunera- tion that  consists of  options Non-executive Directors P G Cook 172,230  - 5,400  - - 177,630  - - M L Jefferies 40,000  - - - - 40,000  - - S Zhang - - - - - - - - Y Zhang (Alt Director) - - - - - - - - 212,230  - 5,400  - - 217,630  Executive Directors W S Hallam 323,013  4,636  20,487  40,372  - 388,508  - - S J Huffadine* 420,645  4,456  23,778  - - 448,879  - - Other key management personnel R D Cook 133,490  - 11,700  1,895  - 147,085  - - P M Cmrlec* 170,884  4,533  13,813  - - 189,230  - - F J Van Maanen 130,655  4,121 11,309  26,607  -  172,692  - - 1,178,687  17,746  81,087  68,874  - 1,346,394  Totals 1,390,917  17,746  86,487  68,874  - 1,564,024  34  DIRECTORS’ REPORT