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## Details of Share Performance Rights granted to Key Management Personnel as part of remuneration for the year ended 30 June 2010 

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(a) Fair value of SPRs granted is determined using the Black-Scholes and Monte Carlo simulation methods. 

(b) SPRs will vest at no cost to the recipient, providing performance conditions are satisfi ed. 

7. Terms of Senior Executive contracts 

## Senior Executives’ contracts specify their remuneration entitlements, benefits and awards. 

All Senior Executives have ‘Service Agreements’, or employment contracts, which specify the components of remuneration to which they are entitled. The Service Agreements provide for participation in the short and long-term incentives in accordance with the terms of their respective plans. The Board can vary the terms of these plans, although such variations cannot be applied retrospectively. Details of contract duration, notice period for termination, and termination payments for Senior Executives are provided in the table below. 

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