Variable Reward - Executive Remuneration Scheme Clause Samples
The Variable Reward - Executive Remuneration Scheme clause establishes a framework for providing executives with additional compensation based on performance metrics or company results. Typically, this clause outlines the criteria for earning variable rewards, such as achieving specific financial targets, meeting strategic objectives, or individual performance assessments, and details the calculation and timing of such payments. Its core practical function is to incentivize executives to drive company success by directly linking a portion of their compensation to measurable outcomes, thereby aligning their interests with those of the organization and its stakeholders.
Variable Reward - Executive Remuneration Scheme. Bonus payments under the Executive Remuneration Scheme are subject to business unit and individual performance and are at the discretion of the Board. Bonuses will be paid one-half in cash and one-half in deferred shares. The shares will vest 3 years from the date of issue. The Board may, at its discretion, change the ratio of cash to shares. You must at all times comply with the provisions of ANZ’s Share Trading Policy.
Variable Reward - Executive Remuneration Scheme. Bonus payments under the Executive Remuneration Scheme are subject to business unit and individual performance and are at the discretion of the Board. Bonuses may be paid as cash or shares or a combination of both. The Board may, at its discretion, change the ratio of cash to shares. You must at all times comply with the provisions of ANZ’s Share Trading Policy.
Variable Reward - Executive Remuneration Scheme. Bonus payments under the Executive Remuneration Scheme are subject to business unit and individual performance and are at the discretion of the Board. Your bonus entitlements will be determined in Australian dollars and then converted to New Zealand dollars as set out in 1.3 below. Bonuses will be paid one-half in cash and one-half in deferred shares. The shares will vest 3 years from the date of issue. The Board may, at its discretion, change the ratio of cash to shares. You must at all times comply with the provisions of ANZ’s Share Trading Policy.