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Non-compete clauses: Unenforceable under law, but companies love them

While Indian law is clear on the unenforceability of a non-compete clause operating beyond the term of employment, companies still include it in contracts, particularly for senior executives, as its seen as a soft deterrent, said Jay Parikh, partner at Luthra and Luthra Law Offices. Employees would rather comply than bear litigation costs and carry the burden of being sued by their previous employer.

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CEO compensation grew 40% in 4 years

It added that in the last four years, the number of CEOs earning more than Rs 20 crore has doubled. The survey titled Deloitte India Executive Performance and Rewards Survey 2024 , based on the analysis of 400 organisations (except public sector companies), said that 75 per cent of all CEOs in India now earn more than Rs 5 crore annually. This was 66 per cent in 2020.

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Indian CEOs | Indian CEOs average salary at Rs 13 8 crore, up 40 per cent compared to pre-COVID-19: Deloitte report

Indian CEOs | Indian CEOs average salary at Rs 13 8 crore, up 40 per cent compared to pre-COVID-19: Deloitte report
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Indian CEOs average salary at Rs 13 8 cr, up 40% compared to pre-covid: Deloitte report

Indian CEOs average salary at Rs 13 8 cr, up 40% compared to pre-covid: Deloitte report
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Median CEO compensation stands at Rs 9 3 crore in 2024, up 35% compared to Rs 6 9 crore in 2020

CEO compensation surged in 2024, with median pay at Rs 9.3 crore and average at Rs 13.8 crore. Promoter CEOs earned more than professionals, and long-term incentives play a significant role in compensation structures.

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