Common use of REMUNERATION AND EXPENSES Clause in Contracts

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).

Appears in 2 contracts

Samples: Executive Director Service Agreement, Executive Director Service Agreement

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REMUNERATION AND EXPENSES. 3.1. 3.1 The Director will not receive any remuneration in connection with his/her role as a non-an executive director of the Company under the terms of this agreementAgreement. 3.2. 3.2 The Company shall reimburse the Director for all reasonable out-of-pocket 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. 3.3 The Company may, in at 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 CompanyBoard. 3.4. 3.4 The Director is recommended to seek professional advice on whether the amount of any remuneration payable to you the Director is subject to any tax, including salaries tax, profits tax, capital gains tax, withholding tax 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 options, share awards and other benefits (if any).

Appears in 1 contract

Samples: Executive Director Service Agreement

REMUNERATION AND EXPENSES. 3.1. 3.1 The Director will not receive any remuneration in connection with his/her his role as a non-an executive director of the Company under the terms of this agreementAgreement. 3.2. 3.2 The Company shall reimburse the Director for all reasonable out-of-pocket expenses properly incurred by the Director in the performance of his/her his 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. 3.3 The Company may, in at 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 CompanyBoard. 3.4. 3.4 The Director is recommended to seek professional advice on whether the amount of any remuneration payable to you the Director is subject to any tax, including salaries tax, profits tax, capital gains tax, withholding tax tax, and the Director shall be responsible for all such applicable taxes of his/her his remuneration and benefits, including Director’s fee, bonus, share options options, share awards and other benefits (if any).

Appears in 1 contract

Samples: Executive Director Service Agreement

REMUNERATION AND EXPENSES. 3.1. The Director will not receive any remuneration in connection with his/her role as a non-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 him/her 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).

Appears in 1 contract

Samples: Executive Director Service Agreement

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REMUNERATION AND EXPENSES. 3.1. 3.1 The Director will not receive any remuneration in connection with his/her his role as a non-non- executive director of the Company under the terms of this agreementAgreement. 3.2. 3.2 The Company shall reimburse the Director for all reasonable out-of-pocket expenses properly incurred by the Director in the performance of his/her his 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. 3.3 The Company may, in at 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 CompanyBoard. 3.4. 3.4 The Director is recommended to seek professional advice on whether the amount of any remuneration payable to you the Director is subject to any tax, including salaries tax, profits tax, capital gains tax, withholding tax tax, and the Director shall be responsible for all such applicable taxes of his/her his remuneration and benefits, including Director’s fee, bonus, share options options, share awards and other benefits (if any).

Appears in 1 contract

Samples: Executive Director Service Agreement

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