Risk Takers definition
Examples of Risk Takers in a sentence
Employees designated as Material Risk Takers in the United Kingdom, or elsewhere as contemplated by local regulations (“MRTs”), will have their Awards deferred beyond the scheduled vesting date of the Award, as required by local regulations, and may be subject to additional hold-back requirements, as required by local regulations.
If the Participant is a Material Risk Taker of Aon Securities Limited or Aon Investments Limited, then the Award is subject to Aon’s Material Risk Takers Variable Pay Adjustment Policy (the “MRT Policy”).
Where the proportionality principle cannot be invoked at institution level, the remuneration requirements may be applied in a proportionate manner to Material Risk Takers who have a less material impact on the Bank’s risk profile, pursuant to applicable laws (as may be modified from time to time).
PARTICIPANT: By: ________________________ __________________________ [Name] Name: [Title] GEID: _____________________________________ 1 Pro-rata vesting over four years with the first vesting date in February of the year following the year in which the Award is granted (subject to post-vesting retention requirements) is applicable employees designated as Material Risk Takers in the United Kingdom, the European Union and elsewhere as contemplated by local regulations (“MRTs”).
For those Material Risk Takers, the following requirements can be dis-applied: - Pay out of part the Variable Remuneration in financial instruments subject to validation of the implementation approved by BOC Group - Retention policy - Deferral of part of the Variable Remuneration - Application of ex-post risk adjustments (Malus and Clawback) The maximum ratio between the fixed and variable remuneration as defined under section 2.2. remains applicable in all cases.