Variable Remuneration means the portion of Remuneration, which is not Fixed Remuneration, i.e. the awarding or amount of which is at the Group’s discretion or is dependent on the occurrence of agreed conditions and shall include discretionary pension benefits.
Variable Remuneration means the portion of Remuneration, the awarding or amount of which is at the Company’s discretion or is dependent on the occurrence of agreed conditions and shall include discretionary contributions to pension schemes.
Variable Remuneration means all the components of a Risk Taker’s remuneration not classified as fixed remuneration;
Examples of Variable Remuneration in a sentence
In particular, payments of Variable Remuneration shall be deferred as appropriate.
Variable Remuneration is not guaranteed, i.e. all Variable Remuneration is based on a performance measurement and can be 0.
Guidelines for Variable Remuneration shall take due account of possible mismatches of performance and risk periods.
Guaranteed Variable Remuneration is exceptional and is only allowed in connection with the hiring, is limited to a maximum period of one year and subject to appropriate equity and liquid resources as well as sufficient capital in order to ensure its risk-bearing capacity.
In light of this, there should not be a significant dependency on Variable Remuneration.
More Definitions of Variable Remuneration
Variable Remuneration means all non regular remunerations paid by the employer to the employee, including allowances, complementary bonuses and commissions, as well as tips not controllable by the employer;
Variable Remuneration means the average of the STI + the stock options offered and accepted for that year calculated according to the Black & Scholes method.
Variable Remuneration means Remuneration, the amount or size of which is not determined in advance.
Variable Remuneration means any remuneration paid to an Employee that is not Fixed Remuneration.
Variable Remuneration means that portion of remuneration, the awarding or amount of which is at the discretion of the institution or is dependent upon the occurrence of agreed conditions, including, namely, discretionary payments towards old-age pension provision;
Variable Remuneration has the meaning given to it in Article 4.2 (Variable Remuneration). "Variable Remuneration Payment Date" means 30 June of each year to fall after the publication of the Borrower's audited consolidated financial statements for the preceding financial year, up to (and including) the first of those dates to fall after the publication of the Borrower's audited consolidated financial statements for the year ended 31 December 2037. "Voluntary Non EIB Prepayment" means a voluntary prepayment by any Group Company (for the avoidance of doubt, prepayment shall include a repurchase, redemption or cancellation where applicable) of a part or the whole of any Non-EIB Financing where: (a) such prepayment is not made within a revolving credit facility (save for the cancellation of the revolving credit facility); or (b) such prepayment is not made out of the proceeds of a loan or other indebtedness having a term at least equal to the unexpired term of the Non-EIB Financing prepaid.
Variable Remuneration means remuneration depending on the performance of a staff member, a business unit and a credit institution or on other contractual criteria. Variable remuneration also includes severance payments exceeding the amount prescribed by the law governing employment relationships, discretionary pension benefits, retention bonuses, compensation or buyout from a contractual obligation based on the termination of contractual relationship with the previous employer, long-term incentive plans and all other forms of remuneration which are not fixed.