Minimum Remuneration. Further and notwithstanding anything herein, should the Company incur a loss or have inadequate profits in any financial year closing on and after March 31, 2017, during the tenure of U B ▇▇▇▇▇▇ ▇▇▇ as a Whole-time Director of the Company, the Company shall pay to U B ▇▇▇▇▇▇ ▇▇▇ an aggregate remuneration not exceeding the limits specified under Section II of Part II of Schedule V to the Companies Act, 2013 (including any statutory modifications or re-enactment(s) thereof, for the time being in force), or any other applicable for the time being in force.
Appears in 2 contracts
Sources: Executive Employment Agreement, Executive Employment Agreement