REMUNERATION AND EXPENSES. The directors shall be paid such remuneration for their services as the board may from time to time determine. The directors shall also be entitled to be reimbursed for travelling and other expenses properly incurred by them in attending meetings of the board or any committee thereof. Nothing herein contained shall preclude any director from serving the Corporation in any other capacity and receiving remuneration therefor.
REMUNERATION AND EXPENSES. 4.1 As remuneration for his services, the Executive shall be entitled to a salary at the rate of HK$1,561,800 per calendar year (or such other rate as may from time to time be agreed in writing). The Salary shall accrue from day to day and be payable by equal monthly installments in arrears on or before the last day of each month, provided that if the employment terminates on a date before the end of a month, the Salary for that month shall be in proportion to the number of days for which the Executive was employed that month.
4.2 If applicable at any time and notwithstanding anything to the contrary contained in the constitutional documents of the Company or of any other Group Company, the Salary shall be inclusive of any other fees or remuneration of any description which the Executive might be entitled to receive from the Company or any Group Company or any other company or association in which he holds office as a nominee or representative of the Company or any Group Company (and the Executive shall, at the discretion of the Board, either waive his right to any such remuneration or account to the Company for the same forthwith upon receipt).
4.3 The Salary shall be reviewed by the Board not less than annually, the first review being in June 2007.
4.4 The Executive hereby authorises the Company to deduct from any remuneration accrued and due to him under the terms of this Agreement (whether or not actually paid during the Appointment) or from any pay in lieu of notice:
4.4.1 any overpayment of salary or expenses or payment made to the Executive by mistake or through any misrepresentation;
4.4.2 any undisputed debt presently payable by the Executive to the Company or any Group Company; and
4.4.3 any employee’s contribution to pension fund or provident fund as adopted by the Company from time to time, including without limitation any provident fund scheme adopted by the Company pursuant to the Mandatory Provident Fund Scheme Ordinance, Chapter 485, Laws of Hong Kong.
4.5 The Company shall repay to the Executive all reasonable travelling, hotel and other expenses properly incurred by the Executive in connection with the performance of the duties of the Executive under this Agreement, subject to the Executive having delivered to the Company vouchers or evidence of payment of such expenses as the Board may from time to time require.
4.6 The Executive shall be entitled to fly Business Class when the duration of the flight exceeds eight hours and otherwise Eco...
REMUNERATION AND EXPENSES. 9.1 The Company shall pay to the Executive a Salary at a rate of US$1,000,000 (one million US dollars) per annum (inclusive of any fees due to the Executive by any Group Company as an officer of any Group Company). The Salary shall be inclusive of any sums receivable as director's or other officer's fees from any Group Company. The Executive acknowledges that he shall not be entitled to receive further remuneration in respect of overtime.
9.2 The rate of Salary from time-to-time payable shall be reviewed by the Compensation Committee, which shall, in its absolute discretion, determine whether or not it shall be increased and if so the amount of that increase. There is no obligation by the Compensation Committee or the Company to award an increase.
9.3 The Salary shall be deemed to accrue evenly from day to day at a rate of 1/260 of the Executive's annual salary and shall be payable in arrears by equal weekly instalments, two weeks retrospectively by BACS transfer (or other comparable transfer), in accordance with the Company's normal pay policy into a bank account nominated by the Executive.
9.4 The Company may deduct from the Salary, or any other terms owed to the Executive (including but not limited to sick pay, holiday, and any Payment in Lieu), and/or require repayment from the Executive any money owed to the Company or any Group Company by the Executive, including but not limited to:
9.4.1 any deduction/repayment which may from time to time be required or authorised by law or to which the Executive has previously signified his consent in writing; and
9.4.2 any pension contributions, overpaid salary or other remuneration, sick pay, holiday pay or other debt or unpaid loan owed by the Executive to the Company or any employee National Insurance or other comparable social security contributions or income tax collected by the PAYE system or any other comparable deduction-at-source tax system in respect of the Executive.
9.5 The Company shall reimburse the Executive for all reasonable and authorised out of pocket expenses (including hotel and travelling expenses) wholly, necessarily and exclusively incurred by the Executive in the discharge of his duties subject to the production of appropriate receipts or such other evidence as the Company may reasonably require as proof of such expenses and in accordance with the Group's rules and policies relating to expenses as may be in force from time to time. If the Executive is provided with a credit or charge card ...
REMUNERATION AND EXPENSES. The remuneration and expenses of the Arbitral Tribunal shall be borne in equal parts by the Parties in accordance with Annex 12-A. All other expenses not specified in Annex 12-A shall be borne by the Party incurring those expenses.
REMUNERATION AND EXPENSES. 4.1 From the Effective Date, the remuneration to be received by Party B for the performance of his services under this Contract as employee representative supervisor of Party A shall be determined in accordance with relevant PRC regulations and the Implementing Measures of Compensations for Senior Officers of China Petroleum & Chemical Corporation.
4.2 During the term of this Contract, Party A shall reimburse Party B, to the extent such reimbursement is permitted by the relevant laws and policies of the PRC, all reasonable and necessary expenses (including traveling and entertainment expenses, etc.) incurred by Party B in the provision of services to Party A hereunder or execution of work in relation to Party A's operation upon presentation by Party B of the relevant receipts and/or valid documentary evidence. Party A may also provide Party B beforehand with sums for Party B to pay various necessary expenses mentioned above, but Party B shall produce to Party A valid supporting evidence of the expenses as soon as possible, or regularly as required by Party A, after making use of such sums so as to offset the sums.
4.3 During the term of this Contract, Party B may participate in the Liability Insurance Scheme for Directors and Senior Officers arranged by Party A and the relevant insurance premiums shall be paid by Party A. Party A shall have the right to cancel or alter the relevant liability insurance scheme (including the insurance coverage and amount of compensation) or change the relevant insurance company.
REMUNERATION AND EXPENSES. No remuneration shall be paid to any Administration Committee Member as such. However, the reasonable expenses of a Member incurred in the performance of an Administration Committee function shall be reimbursed by the Employers in such proportions as the Company decides.
REMUNERATION AND EXPENSES.
7.1 Until termination of this Agreement pursuant to Clause 10 (Termination), the Substitute Administrator Facilitator shall be entitled to remuneration under this Agreement in accordance with the Substitute Administrator Facilitator Fee Letter to be paid by the Issuer in accordance with the Payments Priorities.
7.2 The remuneration payable pursuant to this Clause 7 shall be borne by the Issuer and payable in accordance with the terms of the Substitute Administrator Facilitator Fee Letter.
7.3 The Issuer shall reimburse the Substitute Administrator Facilitator on demand for all reasonable travelling and other out of pocket expenses properly incurred by it, its agents and employees in the performance of its duties and enforcement of its rights under this Agreement and all reasonable fees and disbursements (including, without limitation those of a legal nature) incurred by it in the negotiation, preparation, execution and administration of this Agreement (together with any irrecoverable VAT thereon).
REMUNERATION AND EXPENSES. 3.1. The Director will not receive any remuneration in connection with his/her role as a non-executive director of the Company under the terms of this agreement.
3.2. The Company shall reimburse the Director for all reasonable expenses properly incurred by the Director in the performance of his/her duties hereunder or otherwise in connection with the business of the Company, provided that the Director provides to the Company all appropriate receipts and vouchers as the Board may require.
3.3. The Company may, in its sole discretion, provide to the Director such additional benefits and pay the Director a bonus of such amount as the Board may determine in light of the Company’s business performance and the Director’s individual performance after confirmation with the remuneration committee of the Company.
3.4. The Director is recommended to seek professional advice on whether the amount of any remuneration payable to you is subject to any tax, including salaries tax, profits tax, capital gains tax, withholding tax and the Director shall be responsible for all such applicable taxes of his/her remuneration and benefits, including Director’s fee, bonus, share options and other benefits (if any).
REMUNERATION AND EXPENSES. 8.1 The Board should be mindful that as a controlled company for the purposes of Part V of the Local Government and Housing Xxx 0000 and the Local Authorities (Companies) Order 1995 (the “Order”) the Company must not pay any of its ‘regulated directors’ (i.
REMUNERATION AND EXPENSES. 9.1 No private pecuniary profit
(a) in each Income Year, to remuneration for his or her services as a Trustee as may be reasonable having regard to his or her duties and responsibilities (including duties and responsibilities as a director of a subsidiary company of the Trust) so long as that remuneration has been properly authorised pursuant to clause 5.2;
(b) to be reimbursed for fair and reasonable expenditure incurred by him or her on behalf of the Trust or any subsidiary of the Trust, subject in every case to approval by the Trustees;
(c) if any Trustee is engaged in a profession or business, to charge fees for work done by that Trustee or that Trustee's firm (whether or not the work is of a professional or business nature) on the same basis as if that Trustee was not one of the Trustees but contracted to carry out the work on their behalf.
