Fixed Remuneration definition

Fixed Remuneration means the portion of Remuneration which in particular is based on predetermined criteria, non-discretionary, transparent, permanent, not related to performance criteria and does not provide incentives for risk assumption, unilaterally non-revocable, cannot be reduced, suspended or cancelled by the institution.

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Fixed 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.

Fixed Remuneration means an Employee’s base salary and where applicable, any fixed pay or roll-based allowance. Fixed Remuneration is pre-determined, non-discretionary and is not dependent on an individual’s performance. Fixed Remuneration shall generally be determined annually and shall be communicated to the Employee as Fixed Remuneration or any other comparable term adopted by an Employer.

Examples of Fixed Remuneration in a sentence

Your manager will review your Fixed Remuneration in line with this pay pool and your actual increase will depend on your individual performance and current remuneration.
The Company will pay any Total Fixed Remuneration that You elect to receive as salary (less any compulsory superannuation contributions and applicable tax), based on the Payment Frequency set out in clause 1 (‘Key Details’) above, by electronic transfer to Your nominated bank account.
The increases to Fixed Remuneration each July under this Agreement are intended to ensure that Telstra meets these contribution levels.
Your Total Fixed Remuneration includes all costs associated with the election, including the costs of any fringe benefits tax payable by the Company as a result of complying with the election.
The Company will review Your Total Fixed Remuneration each year on the Review Date set out in clause 1 (‘Key Details’) above, with the first review on the First Review Date set out in clause 1 (‘Key Details’) above, unless otherwise agreed in writing.

More Definitions of Fixed Remuneration

Fixed Remuneration means payments or benefits, independent of any performance criteria, granted on a regular periodic basis and/or contingent upon each person's attendance at meetings of the Board of Directors and/or Board Committees, in which they participate. The fixed remuneration is not performance- based. Instead, it considers the responsibilities of the role, the skills and knowledge required as well as the expected time commitment and broader economic and inflationary conditions. Periodic benchmarking against relevant market comparators, reflecting the size and complexity of the role, is used to provide context when setting fixed remuneration components of the Members of the Board of Directors.

Fixed Remuneration means remuneration other than variable remuneration.

Fixed Remuneration means the portion of remuneration which is payable to employees without any linkage to performance evaluation. “Variable Remuneration” means portion of remuneration which is payable to employees on the basis of evaluation of their performance.

Fixed Remuneration means the contractually agreed monthly salary paid out in arrears and non-cash benefits. "Variable Remuneration" shall mean any salary component not considered fixed remuneration.

Fixed Remuneration means the portion of Remuneration, which in particular is based on predetermined criteria, non-discretionary, transparent, permanent, not related to performance criteria and does not provide

Fixed Remuneration. : means the fixed remuneration to which each Executive Managing Directors is entitled pursuant to the Company’s remuneration policy from time to time in place;

Fixed Remuneration means that portion of the remuneration which is not variable within the meaning of number 3 above;