Examples of Risk Taker in a sentence
No award of Variable Remuneration shall be made if a Risk Taker (i) participated in or was responsible for a severe misdetermination or severe conduct that resulted in a significant loss or significant regulatory sanction, (ii) did not comply with internal or external provisions on qualification and conduct that resulted in a significant loss or significant regulatory sanction, or (iii) made a severe Unconscionable Conduct or severe culpable Breach of Duty.
Staff is deemed to be identified as Risk Taker, amongst others, especially if one of the criteria below are met.
The clawback provisions will continue to apply to such awards even if the individual is at a future date no longer classified as a Material Risk Taker.
The period for application of malus and clawback arrangements expires two years after the expiration of the deferral period of Variable Remuneration, as defined in the Risk Taker pay-out schedule of the Remuneration Scheme.
The Bonus Pool for a given calendar year is calculated on the basis of the total of base amounts calculated for each Risk Taker I.
This fee applies to all Risk Taker damage claims regardless of fault and/or if the Hirer has separately made their own travel Insurance arrangements.
The Bonus amount granted to a Risk Taker I for a given calendar year is calculated individually for this Risk Taker I and depends on the amount of the Bonus Pool.
The consultations cover parameters and indicators determined by the competent public administration authorities and regulatory bodies as well as one-off events, which, when combined, may lead to changes in the Economic Profit level, with the proviso that the parameters and indicators which a Risk Taker I can affect to a limited extent only should have a limited impact on calculations of the Economic Profit level.
The proportional bonus is paid to the Risk Taker I on the terms and conditions and within the deadlines consistent with the Risk Takers Remuneration Policy.
The rules for the proportional determination of the Bonus are also applicable where a Risk Taker I is appointed a Member of the Management Board of the Bank during a calendar year.