Remuneration Scheme definition

Remuneration Scheme means the framework of the respective general parameters as applicable for the respective year(s) according to which the Variable Remuneration shall be awarded and paid out.
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Remuneration Scheme means the framework of the respective general parameters as applicable from time to time according to which the Variable Remuneration shall be awarded and paid out.
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Examples of Remuneration Scheme in a sentence

  • Bonus payments under the Executive Remuneration Scheme are subject to business unit and individual performance and are at the discretion of the Board.

  • Your Total Target Reward (TTR) is a combination of Fixed Reward – TEC (60% of TTR) plus Variable Reward – Executive Remuneration Scheme (40% of TTR).

  • If scheme involves remuneration of officers or member of Council then must be in accordance with the Council Remuneration Scheme.

  • If scheme involves remuneration of officers or member of Council, then must be in accordance with the Council Remuneration Scheme.

  • The content of the Average Remuneration Scheme is described in Appendix VI of this CBA.

  • The employee’s contribution to his/her pension premium in the Average Remuneration Scheme amounts to 6% of the individual pension basis.

  • Your Total Target Reward (TTR) is a combination of Fixed Reward — TEC (60% of TTR) plus Variable Reward — Executive Remuneration Scheme (40% of TTR).

  • Without prejudice to any other clauses of this Agreement, if the Company suspects and/or determines in any way that the Partner abuses the Remuneration Scheme in any way and/or violates the terms and conditions of the Remuneration Scheme, the Company shall proceed immediately with a termination of this Agreement and/or any other actions that may deem fit under the circumstances, including annulment of any payments performed to the Partner as per the terms of this Agreement.

  • Eligible staff may participate in the University’s Flexible Remuneration Scheme as outlined in clause 24 of the Professional Staff Enterprise Bargaining Agreement and as detailed in University policy.

  • Deficit volumes in any contract year will be billed at one dollar and thirty-five cents ($1.

Related to Remuneration Scheme

  • 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;

  • Pension Scheme means the superannuation scheme continued by section 29(c) of the Act;