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, 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.
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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.
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Examples of Fixed Remuneration in a sentence

  • Generally, employees employed in Control Units shall receive Fixed and Variable Remuneration, however, also only Fixed Remuneration may be possible.

  • There shall be an appropriate ratio between the Fixed and the Variable Remuneration; according to the shareholders consent at the annual general meeting, dated 10 April 2014, the Variable Remuneration may amount up to a maximum of 200% of the Fixed Remuneration as defined in sec.

  • Fixed Remuneration in accordance with the definition set out in chapter two consists of basic Fixed Remuneration and other Fixed Remuneration as classified in accordance with regulatory requirements.

  • For compliance with the Non-Compete Agreement after the Manager ceases to hold their function, the Manager is entitled to compensation in the total amount to be calculated as follows: 0.5-fold of the monthly Fixed Remuneration multiplied by 6 to be paid in 6 equal monthly instalments by the 10th day of the following month.

  • The Variable Remuneration may not exceed 50% of the Manager’s annual Fixed Remuneration.

  • In consideration of the management services and other obligations resulting from the Agreement, the Manager is entitled to receive total remuneration comprising the following elements: − lump sum monthly (for a calendar month) basic remuneration (Fixed Remuneration); and − supplementary remuneration for a given financial year (Variable Remuneration) which will depend on the degree of accomplishment of the Management Objectives determined by the Supervisory Board.

  • This ratio can be exceeded only in exceptional well-justified situations, but the Variable Remuneration shall in any case be below the Fixed Remuneration.

  • For the Executive Board member responsible for Risk Controlling, the Variable Remuneration shall not exceed the Fixed Remuneration.

  • The Fixed Remuneration shall be a substantial proportion of the total annual Remuneration.

  • The annual Fixed Remuneration referred to above will be calculated in accordance with the following formula: the amount of the Fixed Remuneration in the previous financial year multiplied by 12.


More Definitions of Fixed Remuneration

Fixed Remuneration means that portion of the remuneration which is not variable within the meaning of number 3 above;
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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
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Fixed Remuneration means payments and benefits to staff meeting the conditions for their award referred to Article 13 of this Decision.
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Fixed Remuneration means remuneration other than variable remuneration.
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Fixed Remuneration means the contractually agreed monthly salary paid out in arrears and non-cash benefits.
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Related to Fixed 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;

  • Annual Compensation means an amount equal to the greater of:

  • 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.

  • Final compensation of a member means:

  • Additional Compensation has the meaning given to it in Section 10.2;

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):