Sept 7 (Reuters) - IMF Bentham Ltd IMF.AX :
* ANDREW SAKER, IMF'S CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR, HAS AGREED TO VARY HIS TERMS OF EMPLOYMENT WITH IMF
* PURSUANT TO VARIATIONS, SAKER WILL CEASE TO PARTICIPATE IN IMF'S SHORT-TERM INCENTIVE PLAN
* SAKER WILL BE ENTITLED, SUBJECT SHAREHOLDER APPROVALS , TO RECEIVE ANNUALLY 100 PERCENT OF HIS BASE SALARY IN FORM OF PERFORMANCE RIGHTS
* SAKER'S CONTRACT HAS CEASED TO HAVE A FIXED TERM COMPONENT AND HAS CONVERTED TO A ROLLING CONTRACT SUBJECT TO TERMINATION ON NOTICE Source (https:// Further company coverage: IMF.AX