REMUNERATION REPORT Continued Footnotes (1)Cash salary includes short term compensated absences and any salary sacrifice arrangement implemented by the Executives, including additional superannuation contributions. (2)STI payments relate to program performance and conditions for the year they were earned, not the year of actual payment. (3)Other short-term employee benefitsinclude the movement in Annual Leave accrual, and Fringe Benefits Tax paid by the Company in respect of Company provided car parking up to the end of March 2018(in accordance with the FBT year), and relocation and expatriate support for Mr King and Mr Winstanley. (4)There were no post-employmentbenefits paid other than superannuation. (5)Executives receive a statutory superannuation contribution up to a threshold limit in line with the ATO published maximum superannuation contribution base, with the exception of Mr King and Mr Winstanley, who do not receive superannuation due to their tax status. (6)This benefit includes the movement in long service leave accrual.Mr Sutton ‘cashed-out’ a portion of his long service leave accrual during the period. This payment is included in other payments of his long-term benefits. (7)The share based payment expense represents the amount expensed for the period based on valuations determined under AASB 2 Share Based Payment. This expense is based on the fair value at grant date, and reflects expectations of the number of rights expected to vest. Where expectations change in relation to vesting, adjustment is made in the current period to reflect this change. As the equity grant may fully vest, partially vest or not vest at all, the benefit that the KMP ultimately realises is likelyto be different to the amountdisclosed in a particular year. The amount disclosed does not represent cash payments received in the period, and if vesting conditions are not met may result in reversal of the remuneration amount in a future period. There were no other equity- settled share based payments and there were no cash-settled share based payments. (8)Mr King commenced as CEO on 4 June 2018. Mr King's other short-term benefitsincludes $33,067 of relocation expenses, grossed up allowances of $23,944for rental assistanceand $1,186for health insurance. (9)Mr Chadwick commenced as Chief Financial Officer on 29 January 2018. (10)Mr Cripsey was appointed as Chief Operating Officer on 29 January 2018. The figures in this table relate to the period ofthe year thathe was considered KMP. (11)Mr Winstanley commenced as Chief Merchandise Officer on 25 June 2018. Mr Winstanley's other short-term employee benefits include $55,766of relocation expenses, grossed allowancesof $12,147for rental assistances and$903for health insurance. (12)Mr Umbers stepped down as CEO and Managing Director on 14 February 2018, and his notice period concluded on31 July 2018. His termination payment consists of all payments made post 14 February 2018, which were the minimum payments required underthe terms of his employment. (13)Mr Devonport stepped down as Chief Financial Officer on 28 January 2018, and his notice period concluded on21 March 2018. His termination payment consists of all payments made post 28 January 2018, which were the minimum payments required under the terms of his employment. (14)Mr Bracken stepped down as KMP on 19 July 2017, and his notice period concluded on 19 January 2018. His termination payment was the minimum amountrequired underthe terms of his employment. 7.1.UNVESTED PERFORMANCE RIGHTS Details of performance rights granted to KMP under the previous equity incentive plans that remain unvested as at 28July 2018are set out in the table below. Value per instrument Vesting date (if holder Number of at grant remains employed by a Grant type Grant date instruments date $ Myer Group company) Expiry date Rights (Service hurdle)(1) 5 Jan 2016 173,913 $1.01 End of performance period 31 Oct 2018 Rights (ROFE hurdle) 5 Jan 2016 1,111,955 $1.01 End of performance period 31 Oct 2020 Rights (Sales/SQM hurdle) 5 Jan 2016 1,111,955 $1.01 End of performance period 31 Oct 2020 Rights (ROFE hurdle) 22 Dec 2016 679,315 $1.25 End of performance period 31 Oct 2019 Rights (EPS hurdle) 22 Dec 2016 339,658 $1.25 End of performance period 31 Oct 2019 Rights (TSR hurdle) 22 Dec 2016 339,660 $0.84 End of performance period 31 Oct 2019 Rights (ROFE hurdle) 21 Dec 2017 1,736,362 $0.47 End of performance period 31 Oct 2020 Rights (EPS hurdle) 21 Dec 2017 868,184 $0.21 End of performance period 31 Oct 2020 Rights (TSR hurdle) 21 Dec 2017 868,180 $0.47 End of performance period 31 Oct 2020 Rights (CEO only service hurdle) 4 Jun2018 2,432,432 $0.29 End of performance period 4 Jun2021 Rights (CMO only service hurdle) 25 Jun2018 555,555 $0.35 End of performance period 25 Jun2021 Total 10,217,169 (1)These performance rights apply to Mr Devonport, and were granted to recognise the significant incentive arrangements he forfeited upon leaving his previous employer to join Myer. The Board has agreedto use its discretion to vest these rights to Mr Devonport, as per the terms of the initial grant. Details of performance rights over ordinary shares in the Company currently provided as remuneration and granted during the current year to executive KMP are set out overleaf. Further information on the LTIP is set out in noteH4of the Financial Statements. Myer Annual Report 2018 41