from the ARU circular posted today...
The change of control payment for each of Messrs. Anderson, Bee, McKay and Warman would consist of
payment of base salary to the date of termination; target bonus (30% of annual base salary) in full for the year of
termination; and accrued but unused vacation to the date of termination. They would also receive a lump sum
payment comprised of an amount totalling: (i) two times the respective executive’s annual base salary; plus
(ii) two times the executive’s target bonus (set at 30% of annual base salary); plus (iii) the continuation of the
executive’s health and medical benefits until the executive is able to obtain alternate coverage or the second
anniversary of the termination date. Any stock options granted by Aurelian shall vest on the date notice of
termination is given and shall remain exercisable until the earlier of: (i) the termination date of such option; or
(ii) the date which is twenty-four (24) months from the date of such termination, notwithstanding the provisions
of any agreement or plan.
For further details regarding the treatment of the Aurelian Options held by each of Messrs. Anderson, Bee,
McKay and Warman in connection with the Kinross Offer, see ‘‘Agreements Relating to the Kinross Offer —
Support Agreement — Outstanding Aurelian Options’’.