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BRITISH COLUMBIA HYDRO AND POWER AUTHORITY

financial-information-act-return-march-31-2016

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<strong>POWER</strong>EX CORP.<br />

SCHEDULE OF REMUNERATION <strong>AND</strong> EXPENSES<br />

STATEMENT OF SEVERANCE AGREEMENTS<br />

During the fiscal year ended March 31, 2016, there were 3 severance agreements made<br />

between Powerex Corp. and its non-unionized employees. These agreements represented from<br />

4 months to 18 months compensation.<br />

GENERAL<br />

The schedule of remuneration paid to employees during the year ended March 31, 2016 lists<br />

gross remuneration which can include base salary, overtime, timebank payouts, incentive<br />

payments, benefit payouts and other cash payments (e.g. shift premiums).

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