Common use of Remuneration Package Clause in Contracts

Remuneration Package. 5.1 As from the Commencement Date, the Employee's remuneration package shall be US $192,000 per annum, which shall be reviewed annually with a view to effecting appropriate annual increases. 5.2 The composition of the Employee's remuneration package shall be the following-- 5.2.1 a salary, which shall be equal to the difference between US $192,000 and the cost to the Company of providing the other components of the package set out in 5.2.2 and 5.2.3; 5.2.2 the contributions payable by the Company in respect of the Employee and his wife and children to the medical aid scheme of which the Employee is a member, all of which shall be for the account of the Company, 5.2.3 the monthly contributions payable by the Company in respect of the Employee to any pension, provident and retirement annuity funds nominated by the Employee, all of which shall be for the account of the Company. 5.3 The Employees salary shall be payable by equal monthly installments (and proportionately for any lesser period, each monthly installment being deemed to accrue rateably from day to day) in arrears on the last day of each month.

Remuneration Package. 5.1 As from the Commencement Date, the Employee's remuneration package shall be US $192,000 462,000 per annum, which shall be reviewed annually with a view to effecting appropriate annual increases. 5.2 The composition of the Employee's remuneration package shall be the following-- 5.2.1 a salary, salary which shall be equal to the difference between US $192,000 462,000 and the cost to the Company of providing the other components of the package set out in 5.2.2 and 5.2.3; 5.2.2 the contributions payable by the Company in respect of the Employee and his wife and children to the medical aid scheme of which the Employee is a member, all of which shall be for the account of the Company, 5.2.3 the monthly contributions payable by the Company in respect of the Employee to any pension, provident and retirement annuity funds nominated by the Employee, all of which shall be for the account of the Company. 5.3 The Employees Employee's salary shall be payable by equal monthly installments (and proportionately for any lesser period, each monthly installment being deemed to accrue rateably from day to day) in arrears on the last day of each month.

Remuneration Package. 5.1 As from the Commencement Date, the Employee's remuneration package shall be US $192,000 $ 375,000 per annum, which shall be reviewed annually with a view to effecting appropriate annual increases. 5.2 The composition of the Employee's remuneration package shall be the following-- 5.2.1 a salary, which shall be equal to the difference between US $192,000 375,000 and the cost to the Company of providing the other components of the package set out in 5.2.2 and 5.2.3; 5.2.2 the contributions payable by the Company in respect of the Employee and his wife and children to the medical aid scheme of which the Employee is a member, all of which shall be for the account of the Company, 5.2.3 the monthly contributions payable by the Company in respect of the Employee to any pension, provident and retirement annuity funds nominated by the Employee, all of which shall be for the account of the Company. 5.3 The Employees Employee's salary shall be payable by equal monthly installments (and proportionately for any lesser period, each monthly installment being deemed to accrue rateably from day to day) in arrears on the last day of each month.