Common use of REMUNERATION AND EXPENSES Clause in Contracts

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.

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 ’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.