Risk Taker I definition

Risk Taker I means a Member of the Management Board of the Bank;
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Risk Taker I means a Member of the Management Board of the Bank; 24) “Risk Taker II” means the persons holding positions other than the Members of the Management Board of the Bank, identified as having a material impact on the Bank’s risk profile pursuant to the Risk Takers Identification Policy; 25) “Risk Taker II - Bank Employee” means a Risk Taker II performing work for the benefit of the Bank; 26) “Risk Taker II - Member of a subsidiary’s Management Board” means a Risk Taker II who holds the position of a member of the management board of mBank Group’s subsidiary; 27) “Regulation” means the Regulation of the Minister of Development and Finance of 6 March 2017 on the Risk Management System, Internal Control System, Remuneration Policy as well as detailed Method for Banks’ Internal Capital Assessment (Journal of Laws 2017.637); 28) “Average Market Price” means the arithmetic mean of market price per the Bank's share, determined on the basis of the closing prices of the Bank’s shares on the WSE on each day of the Reference Period, in which WSE trading sessions took place; 29) “GM” means a General Meeting of the Bank’s Shareholders; 30) “Basic Remuneration” means a fixed monthly amount of remuneration received by a Risk Taker arising from a contract being the basis for Employment with mBank or Employment with mBank Group; 31) “Variable Remuneration”’ means all the components of a Risk Taker’s remuneration not classified as fixed remuneration; 32) “Employment with mBank” means an employment relationship or a civil-law relationship connected with performance of work or services for the Bank; 33) “Employment with mBank Group” means an employment relationship or a civil-lawrelationship connected with performance of work or services for mBank Group’s subsidiary;
Sample 1
Risk Taker I means a Member of the Management Board of theBank;
Sample 1

Examples of Risk Taker I in a sentence

  • The base amount for a given Risk Taker I does not affect the Bonus amount granted to this Risk Taker I.

  • The Supervisory Board determines the Bonus amount for a given Risk Taker I within the Bonus Pool, with the proviso that the Bonus amounts granted to particular Risk Takers do not have to be identical.

  • Otherwise, the Risk Taker I is obliged to make the relevant deductions.

  • 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.

  • If the Bank is required by the law (owing to its legal relationship with a Risk Taker I) to deduct the Personal Income Tax advance and social insurance contributions, the Bank is obliged to fulfil this obligation.

  • 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.

  • 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 Bonus Pool for a given calendar year is calculated on the basis of the total of base amounts calculated for each Risk Taker I.

  • 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 decision of the Supervisory Board is taken and communicated to a Risk Taker I on an annual basis.

Related to Risk Taker I

  • Load Shedding means the systematic reduction of system demand by temporarily decreasing load in response to transmission system or area capacity shortages, system instability, or voltage control considerations under Tariff, Part II or Part III.

  • Heat input means the product (expressed in mmBtu/time) of the gross calorific value of the fuel (expressed in Btu/lb) and the fuel feed rate into the combustion device (expressed in mass of fuel/time) and does not include the heat derived from preheated combustion air, recirculated flue gases, or ex- haust from other sources.

  • Sole source procurement means a procurement without competition pursuant to a determination under Subsection 63G-6a-802(1)(a) that there is only one source for the procurement item.

  • SRS means the scheme referred to by the Ministry of Finance as the Supplementary Retirement Scheme or such other scheme as shall replace or supersede the Supplementary Retirement Scheme from time to time.