4Remuneration. The Chargee may determine the remuneration of any Receiver and any maximum rate specified in any applicable legislation shall (to the extent capable of being excluded) not apply. The Chargee may direct payment of that remuneration out of moneys such Receiver receives in its capacity as such. The Chargor alone shall be liable for the remuneration and all other costs, losses, liabilities and expenses of any Receiver.
4Remuneration. 4.1Overtime and Additional Hours Band 1-9 staff will be paid any additional hours worked at plain time until they exceed their whole time equivalent (usually 37.5 hours per week). When the whole time equivalent (WTE) has been exceeded, Bands 1–9 can claim overtime, at the rate of time and a half, with the exception of bank holidays which will be paid at double time. The salary to be used for these calculations will be the basic salary without any enhancements etc.
4Remuneration. 4.1 The remuneration payable to the Executive Chairman shall be NOK 4,000,000 (four million) per annum, pro-rated per commenced month of service for any year in which he serves only part of the year.
