BluGlass extends CEO's contract

Semiconductor technology developer BluGlass (ASX:BLG) has signed on its CEO, Giles Bourne, for a further two years.

Bourne will be paid a fixed salary of $308,750 per year under the revised terms of his contract, and will also be eligible for an annual performance bonus of up to 20% this salary.

He may also be eligible for options under the company’s incentive option scheme, if he meets certain performance metrics.

Bourne is also bound not to work for a competing company for up to 12 months after leaving the job.