Bank Details. 1The Employee authorises the Company to remit his/her monthly salary to the designated beneficiary as indicated in the provided Annex 5. 2The Company does not accept liability for bank information, which has been inaccurately quoted, causing to the Employee losses and/or remittance delays. 3Salary payment delays due to intermediary / beneficiary / correspondent banks or any third party involved in the bank transaction cannot be imputed to the Company. 4The accountholder’s name shall not be different from the contract party (Employee) but may include a co-beneficiary. 5The indicated bank account shall not be located in any Country different from the one of the employee’s residence.
Appears in 9 contracts
Samples: Overseas and Seafarer Employment Agreement, Overseas and Seafarer Employment Agreement, Overseas and Seafarer Employment Agreement