Minimum remuneration definition

Minimum remuneration means the amounts of stipend and non-cash benefits as defined herein which combined will meet the proper and reasonable requirements of the ministry at the current level of living costs and which the General Assembly or the Commission thereof shall declare from time to time.
Minimum remuneration. If in any financial year the Company has no profits or its profits are inadequate, the Company shall pay remuneration to its Whole-time/ Managing Director(s) in accordance with the provisions of Schedule V of the Act.

Examples of Minimum remuneration in a sentence

  • Minimum remuneration that the producer must pay the performer as set forth in this agreement.

  • Minimum remuneration: Notwithstanding anything contained in this Agreement herein, where during the term of appointment of ▇▇.

  • Minimum remuneration – the minimum wage of a group of employees agreed in the wage negotiations between the government, employers and employees.