Common use of Minimum Remuneration Clause in Contracts

Minimum Remuneration. Notwithstanding anything to the contrary contained herein, where in any financial year, during the continuation of the tenure of ▇▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (DIN: 00263725), Chairman & Managing Director of the Company, the Company has no profits or its profits are inadequate, ▇▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (DIN: 00263725), shall be entitled to receive remuneration including commission subject to the provision of Sections 197 and 198 read with Schedule V and all other applicable provisions of the Companies Act, 2013 or as may be prescribed by the Central Government from time to time.

Minimum Remuneration. Notwithstanding anything to the contrary contained herein, where in any financial year, during the continuation of the tenure of ▇▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (DIN: 0026372500713688), Chairman & Managing Whole-time Director of the Company, the Company has no profits or its profits are inadequate, ▇▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (DIN: 0026372500713688), shall be entitled to receive remuneration including commission subject to the provision of Sections 197 and 198 read with Schedule V and all other applicable provisions of the Companies Act, 2013 or as may be prescribed by the Central Government from time to time.

Minimum Remuneration. Notwithstanding anything to the contrary contained herein, where in any financial year, during the continuation of the tenure of ▇▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (DIN: 0026372500263657), Chairman & Managing Whole-time Director of the Company, the Company has no profits or its profits are inadequate, ▇▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (DIN: 0026372500263657), shall be entitled to receive remuneration including commission subject to the provision of Sections 197 and 198 read with Schedule V and all other applicable provisions of the Companies Act, 2013 or as may be prescribed by the Central Government from time to time.