Monthly Remuneration Sample Clauses

Monthly Remuneration. 2.1 Audit Committee members are entitled to remuneration for their service amounting to CZK 10,000 (that is: ten thousand Czech korunas) per month, the vice-chairman of the Audit Committee is entitled to CZK 15,000 (that is: fifteen thousand Czech korunas) per month, and the chairman of the Audit Committee is entitled to CZK 20,000 (that is: twenty thousand Czech korunas) per month. 2.2 Remuneration is paid to members of the Audit Committee after the end of the calendar month in which they performed the duties of an Audit Committee member, on the payday set for wage payments to the Company’s employees. Remuneration is paid on the basis of a written document signed by the chairman and the vice-chairman of the Audit Committee (or by another member of the Audit Committee should either be absent) and by the chairman or the vice-chairman of the Board of Directors, submitted to the competent department of the Company. 2.3 Where this Contract provides that an Audit Committee member is entitled to remuneration for a certain period (months, accounting year) and the Audit Committee member serves for just a portion of such period, he/she shall receive said remuneration on a pro rata basis. If his/her service in a given period was terminated by removal, the removing body may decide otherwise. 2.4 If a member of the Audit Committee is temporarily unable to perform activities associated with service on the Audit Committee because of sickness, he/she remains entitled to the full monthly remuneration, pursuant to Section 2.1 of these Rules, for the first 30 calendar days of his/her inability to perform activities associated with service on the Audit Committee due to the above reasons. If such inability to perform activities associated with service on the Audit Committee lasts longer than 30 calendar days without interruption, the amount of monthly remuneration for every calendar month in which the member is unable to serve on the Audit Committee, from the 31st calendar day to the end of his/her inability, is 50% of the monthly remuneration stipulated in Section 2.1 of these Rules.