Common use of Statutory Contributions Clause in Contracts

Statutory Contributions. The Company shall be responsible for making all statutory contributions (including provident fund and gratuity fund) as per the Rules. For avoidance of doubt, it is clarified that, notwithstanding anything contained in the Rules, the Company will not be required to make any contributions towards superannuation fund or annuity fund.

Appears in 1 contract

Sources: Managing Director Agreement (Tata Motors LTD/Fi)

Statutory Contributions. The Company shall be responsible for making all statutory contributions (including provident fund Provident Fund and gratuity fund) Gratuity Fund only as per the Rules). For avoidance of doubt, it is clarified that, that notwithstanding anything contained in the Rules, the Company will not be required to make any contributions towards superannuation fund Superannuation Fund or annuity fundAnnuity Fund or any other retirement benefits.

Appears in 1 contract

Sources: Ceo Employment Agreement (Tata Motors LTD/Fi)