Fix Remuneration definition

Fix Remuneration. - means the fixed element of the remuneration and reflects the professional experience, the requirements of the position, the performance, the increase of the capacities and aptitudes of the individual, provided in the job description of an employee, as part of the employment terms and highlighted by the evaluation system;
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Fix Remuneration means the portion of remuneration which is not variable remuneration, i.e. the awarding or amount of which is not at the Company’s discretion and is not dependent on the occurrence of agreed conditions.
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Fix Remuneration means the portion of remuneration which is not variable remuneration,
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Related to Fix Remuneration

  • Remuneration means any money or its equivalent given or passed to any person for services rendered by him and includes perquisites as defined under the Income-tax Act, 1961;

  • Remuneration Report means the remuneration report which forms part of the Directors’ Report of the Company for the financial year ended 30 June 2020 and which is set out in the 2020 Annual Report.

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.

  • Remuneration Committee means the remuneration committee appointed by the Board;

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.