Minimum Remuneration. In the event of loss or inadequacy of profits in any financial year during the tenure of the appointment, the Managing Director shall be paid remuneration by way of salary and perquisites as set out above, as minimum remuneration, subject to restrictions, if any, set out in Schedule V to the Companies Act, 2013, from time to time.
Appears in 3 contracts
Sources: Managing Director Agreement, Managing Director Agreement, Managing Director Agreement
Minimum Remuneration. In the event of loss or inadequacy of profits in any financial year during the tenure of the appointment, the Managing Director shall shall, subject to the approval of the central government, if required, be paid remuneration by way of salary and perquisites as set out above, as minimum remuneration, subject to restrictions, if any, set out in Schedule V to the Companies Act, 2013, from time to time.
Appears in 2 contracts
Sources: Managing Director Agreement, Managing Director Agreement
Minimum Remuneration. In the event of loss or inadequacy of profits in any financial year during the tenure of the appointment, the Managing Director & CEO shall be paid remuneration by way of salary and perquisites as set out above, as minimum remuneration, subject to restrictions, if any, set out in Schedule V to the Companies Act, 2013, from time to time.
Appears in 1 contract
Sources: Agreement With Managing Director