Charter Hall execs' pay deal CHARTER Hall joint managing director David Harrison could boost his salary by 11.4 per cent this financial year under new three-year contracts for the group's two top executives. Mr Harrison and joint managing director David Southon will each receive a $30,000 lift to their base salaries, which rise to $1.08 million subject to approval at the group's annual general meeting on November 12. Charter Hall chairman Kerry Roxburgh said the new employment contracts had longer notice periods (six months) and the introduction of restraint provisions (one year). "These new arrangements will assist Charter Hall in substantially mitigating key person risk," Mr Roxburgh said. Mr Southon could earn annual short-term incentives of $660,000 and the same amount as annual long-term incentives. His total salary could rise 2.89 per cent this financial year under the new deal. Mr Harrison would be eligible for $760,000 in annual short-term incentives and the same in long-term incentives. The short-term incentives, paid if performance benchmarks are reached, will be two-thirds cash and the balance in deferred performance rights. The long-term incentives are wholly in performance rights. Under the new contract, Mr Southon will be granted 100,000 performance rights and Mr Harrison 300,000 performance rights, with one Charter Hall security for each performance right that vests.