Common use of Variable Reward - Executive Remuneration Scheme Clause in Contracts

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 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 's Share Trading Policy.