Full pay. 11.1.1 If the Managing Director is incapacitated for work due to sickness/illness, the Company shall continue to pay him the full monthly gross salary in accordance with Clause 6.1.1 for a period of six (6) months. After this period of six (6) months, the Company will not pay any further remuneration or allowances to the Managing Director. After this period of six (6) months, the right to participate in the variable remuneration scheme as referred to in Clause 7.1 will no longer apply. If, in case of sickness/illness of the Managing Director, the Company gives notice of termination of this Agreement (other than for urgent cause) as referred to in Clause 2.1 or the general meeting dismisses the Managing Director as statutory director (other than for urgent cause) as referred to in Clause 3.1, the termination of this Agreement will only take effect after expiry of the period of six
Appears in 4 contracts
Samples: Management Agreement, Management Agreement, Management Agreement
