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Related Party Transactions
 12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 17. RELATED PARTY TRANSACTIONS

Compensation of Key Management Personnel

The remuneration of key management personnel is as follows:

 

 

 

2017

 

 

2016

 

Salaries and other benefits

 

$

6,078

 

 

$

6,983

 

Equity settled share based compensation

 

 

3,036

 

 

 

2,749

 

Cash settled share based compensation

 

 

(3,945

)

 

 

8,629

 

 

 

$

5,169

 

 

$

18,361

 

 

Key management personnel are comprised of the directors and executive officers of the Corporation. Certain executive officers have entered into employment agreements with Precision that provide termination benefits of up to 24 months base salary plus up to two times targeted incentive compensation upon dismissal without cause.