Mr Grant has been acting chief executive of WIG since July last year and will retain his role as a director of Pinnacle Investment Management.
His total fixed remuneration is $400,000 per annum and he is entitled to receive a bonus for the 2014 financial year capped at $400,000 of which an amount of $100,000 is guaranteed.
Mr Grant will also be granted options to subscribe for 1,200,000 shares in WIG in two equal tranches, subject to approval by WIG shareholders.
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He is also eligible to participate in performance bonus and incentive arrangements from time to time on terms determined by the WIG board.
