Common use of Minimum Remuneration Clause in Contracts

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. 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 Allowances as specified above.

Minimum Remuneration. Notwithstanding anything to the contrary herein contained, where in any financial year during the currency of the tenure of the Managing Whole-time Director, the Company has no profits or its profits are inadequate, the Company will pay to the Managing Whole-time Director remuneration by way of Salary, Benefits, Perquisites and Allowances, and Incentive Remuneration Allowances as specified above.