Fixed Pay. During the Term, the Indian Company will pay the Employee the salary set forth in the table below as compensation for his services (the “Fixed Pay”). The Fixed Pay will be paid monthly in accordance with the Indian Company’s normal payroll practices and be subject to the usual applicable withholdings. From the Effective Date till (including) March 31, 2023 Annual salary of INR 2,00,00,000 (the “Initial Fixed Pay”) For the period after March 31, 2023 To be determined by the India Company Board based on the outcome of the annual performance review process
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Fixed Pay. During the Term, the Indian Company will pay the Employee Executive the salary set forth in the table below as compensation for his services (the “Fixed Pay”). The Fixed Pay will be paid monthly in accordance with the Indian Company’s normal payroll practices and be subject to the usual applicable withholdings. From the Effective Date till (including) March 31, 2023 2024 Annual salary of INR 2,00,00,000 4,50,00,000 (the “Initial Fixed Pay”) For the period after March 31, 2023 2024 To be determined by the India Company Board based on the outcome of the annual performance review process
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Sources: Executive Employment Agreement (Azure Power Global LTD)
Fixed Pay. During the Term, the Indian Company will pay the Employee Executive the salary set forth in the table below as compensation for his services (the “Fixed Pay”). The Fixed Pay will be paid monthly in accordance with the Indian Company’s normal payroll practices and be subject to the usual applicable withholdings. From the Effective Date till (including) March 31, 2023 Annual salary of INR 2,00,00,000 3,75,00,000 (the “Initial Fixed Pay”) For the period after March 31, 2023 To be determined by the India Company Board based on the outcome of the annual performance review process
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Sources: Executive Employment Agreement (Azure Power Global LTD)
Fixed Pay. During the Term, the Indian Company will pay the Employee the salary set forth in the table below as compensation for his services (the “Fixed Pay”). The Fixed Pay will be paid monthly in accordance with the Indian Company’s normal payroll practices and be subject to the usual applicable withholdings. From the Effective Date till (including) March 31August 28, 2023 Annual salary of INR 2,00,00,000 (the “Initial Fixed Pay”) For the period after March 31, 2023 To be determined by the India Company Board based on the outcome of the annual performance review process4,00,00,000
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