Minimum Remuneration. Notwithstanding anything to the contrary herein contained, where in any financial year during the currency of the tenure of the Managing Director, the Company has no profits or its profits are inadequate, the Company will pay to the Managing Director remuneration by way of Salary, Benefits, Perquisites and Allowances, and Incentive Remuneration as specified above.
Minimum Remuneration. In the event of loss or inadequacy of profits in any financial year during the tenure of the appointment, the Managing Director shall be paid remuneration by way of salary and perquisites as set out above, as minimum remuneration, subject to restrictions, if any, set out in Schedule V to the Companies Act, 2013, from time to time.
Minimum Remuneration. If, in any financial year, the Company has no profits or its profits are inadequate,the Company shall pay remuneration to its Whole-time Director in accordancewith the provisions of Schedule V of the Act and if it is not able to comply withsuch provisions, with the previous approval of the Central Government.
Minimum Remuneration. 24.1 Subject to clause 24.2, PONI and Provincial Players must be paid a minimum monthly Remuneration of R11 440-00 (eleven thousand four hundred and forty rand);
Minimum Remuneration. Notwithstanding anything to the contrary contained herein, where in any financial year, during the continuation of the tenure of Xx. Xxxxxxxx Xxxxxx (DIN: 00263657), Whole-time Director of the Company, the Company has no profits or its profits are inadequate, Xx. Xxxxxxxx Xxxxxx (DIN: 00263657), shall be entitled to receive remuneration including commission subject to the provision of Sections 197 and 198 read with Schedule V and all other applicable provisions of the Companies Act, 2013 or as may be prescribed by the Central Government from time to time.
Minimum Remuneration. Further and notwithstanding anything herein, should the Company incur a loss or have inadequate profits in any financial year closing on and after March 31, 2017, during the tenure of U B Xxxxxx Xxx as a Whole-time Director of the Company, the Company shall pay to U B Xxxxxx Xxx an aggregate remuneration not exceeding the limits specified under Section II of Part II of Schedule V to the Companies Act, 2013 (including any statutory modifications or re-enactment(s) thereof, for the time being in force), or any other applicable for the time being in force.
Minimum Remuneration. The minimum gross remuneration of a Player with a full-season professional contract is set on a scale basis considering the number of seasons in the EuroLeague with a professional contract as established in 4.A.a: Seasons in the EuroLeague Minimum Remuneration/Season Season 1 €60,000 Season 2 €80,000 Season 3 €100,000 Season 4 €120,000 Season 5+ €140,000 The minimum remuneration for a temporary professional contract will be prorated in relation to a full-season professional contract. The prorate will proportionally be applied to full season professional contracts that are registered after the start of the season. To qualify for the minimum remuneration in seasons 2, 3, 4 and 5+, a Player who did not have a full-season professional contract must have been on the Game List of a EuroLeague team for a minimum of 10 games each season. In any of the cases above, the seasons in which the Player has participated in the EuroLeague before the adoption of the EFA will be taken into consideration. For Players with professional contracts that were signed prior to the EFA coming into force and that provide for a remuneration lower than the minimum remuneration mentioned above, the following transitory rule applies: during the 2021–22 season no adjustment to the remuneration may be demanded by the Player. Any potential adjustments for the following seasons will be discussed and agreed by the joint working group referred to in Clause 23 prior to the end of the 2021–22 season. If a player with a youth/linked team contract has been on the Game List in at least 25 EuroLeague games (accumulated throughout different seasons of his youth/linked team contract after the entry into force of the EFA), he must be offered a professional contract, and his season’s remuneration will be calculated again on at least a pro rata basis of the minimum remuneration established for a season 1 professional contract starting from the moment he reaches this threshold.
Minimum Remuneration. Notwithstanding anything to the contrary herein contained where in any financial year during the currency of the tenure of Xx. Xxxxx, the Company has no profits or its profits are inadequate, the Company will pay remuneration by way of salary and perquisites as specified above and shall be subject to a maximum as permitted, under Section 197, 198 and other applicable provisions, if any, of the Act and Schedule V thereto. In witness whereof the parties hereto have executed these present, the day and year first above written at Mumbai. The Common Seal of the abovenamed ) Gokak Textiles Limited was pursuant ) ) to a resolution of the Shareholders ) of the Company passed in that behalf on the ) ) ………….., 2019 hereunto affixed in the ) presence of Mr. …………… ) ) Director of the Company. ) ) ) Signed and delivered by the ) abovenamed Xx. Xxxxxx X Patil (DIN: )
Minimum Remuneration the minimum wage of a group of employees agreed in the wage negotiations between the government, employers and employees.
Minimum Remuneration. In the event of any loss or inadequacy of profits in any financial year during his tenure the Company shall remunerate by way of salary, perquisites or any other allowance as specified above or within the applicable limit stipulated in Section II, Part II, Schedule XIII, whichever is higher.
