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 Company has no profits or its profits are inadequate, the Company will pay remuneration by way of salary and perquisites as specified above and shall be subject to a maximum as permitted, under Section 197, 198 and other applicable provisions, if any, of the Act and Schedule V thereto.

Minimum Remuneration. Notwithstanding anything to the contrary herein contained contained, where in any financial year during the currency of the tenure of Mr. ▇▇. ▇ ▇▇▇▇▇, the Company has no profits or its the profits are inadequate, the Company will pay remuneration by way of salary and perquisites as specified above and shall be subject decided by the Board or any Committee within thereof from time to a maximum time as permittedminimum remuneration, under Section 197, 198 and other applicable provisionswith the approval of the Central Government, if any, of the Act and Schedule V theretonecessary.

Minimum Remuneration. Notwithstanding anything to the contrary herein contained contained, where in any financial year during the currency of the tenure of ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇, the Company has no profits or its the profits are inadequate, the Company will pay remuneration by way of salary and perquisites as specified above and shall be subject decided by the Board or any Committee within thereof from time to a maximum time as permittedminimum remuneration, under Section 197, 198 and other applicable provisionswith the approval of the Central Government, if any, of the Act and Schedule V theretonecessary.