Common use of Remuneration Policy Clause in Contracts

Remuneration Policy. All relevant staff that are open to a conflict of interest are paid a basic salary including Compliance. This salary is not dependent on company performance. A bonus structure does exist which is linked to company performance, team performance or the individual’s performance but the structure does not contain performance targets or bonus arrangements that are tiered in a fashion that might incentivise an employee to take inappropriate risks on a client’s behalf. The bonus structure is at the discretion of the senior management and notified only on payment. CESL is subject to both SYSC 19A and SYSC 19F in respect of remuneration and applies such remuneration codes accordingly to ensure that conflicts of interest are mitigated.