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(viii) subject to the provisions in sub-paragraph (vii) hereof, the Directors shall from time to time appoint one or more of their body to be a Managing Director or Joint Managing Directors of the Permanent Company either for a fixed term or without any limitation as to the period for which he or they is or are to hold such office, and may from time to time remove or dismiss him or them from office and appoint another or others in his or their place or places, and the salary or remuneration of any Managing Director or Joint Managing Director (other than a Managing Director appointed pursuant to sub-clause (vii) hereof) shall be such as the Directors may from time to time determine;
(viii) subject to the provisions in sub-paragraph (vii) hereof, the Directors shall from time to time appoint one or more of their board to be a Managing Director or Joint Managing Directors of the Permanent Company either for a fixed term or without any limitation as to the period for which he or they is or are to hold such office, and may from time to time remove or dismiss him or them from office and appoint another or others in his or their place or places, and the salary or remuneration of any Managing Director or Joint Managing Director (other than a Managing Director appointed pursuant to sub-clause (vii) hereof) shall be such as the Directors may from time to time determine;