Commitment and Contingencies. We are a party to asserted claims and are subject to regulatory actions in the ordinary course of business. The results of such proceedings cannot be predicted with certainty, but we do not anticipate that the outcome, if any, arising out of any such matter will have a material adverse effect on its business, financial condition or results of operations.
Commitment and Contingencies. The Company leases manufacturing and warehousing space, machinery and equipment and automobiles under non-cancelable operating lease agreements expiring at various dates through 1998. Rental expense aggregated approximately $348,000 in 1997, $330,000 in 1996, and $282,000 in 1995. Future minimum rental commitments under non-cancelable operating leases as of December 31, 1997 are as follows: YEAR $ ---- (IN THOUSANDS) ------- 1998 99 1999 80 2000 55 2001 47 2002 46 The Company has entered into an employment contract with an expiration date of December 31, 1999 with an officer which provides that this officer is entitled to continuation of his salary if he is terminated without cause prior to the contract expiration date. Aggregate compensation through 1999 under this agreement approximates $845,000.
Commitment and Contingencies. In the normal course of business, the Group and the Bank enter into various commitments and incur certain contingent liabilities with legal recourse to their customers. These commitments and contingencies are not secured over the assets of the Group and the Bank. The notional or principal amount of the commitments and contingencies constitute the following: The Group and the Bank 31 December 30 June 2023 Principal amount RM'000 2022 Principal amount RM'000 Credit-related Obligations under underwriting agreement - 87,500 - 87,500 PART A - EXPLANATORY NOTES (CONTINUED) Strictly Private & Confidential
