Fixed Remuneration definition

Fixed Remuneration means the portion of Remuneration which in particular is based on predetermined criteria, non-discretionary, transparent, permanent, not related to performance criteria and does not provide incentives for risk assumption, non-revocable, cannot be reduced, suspended or cancelled by the institution.
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Fixed Remuneration means the portion of Remuneration which is not Variable Remuneration, i.e. the awarding or amount of which is not at the Company’s discretion and is not dependent on the occurrence of agreed conditions.
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Fixed Remuneration means an Employee’s base salary and where applicable, any fixed pay or roll-based allowance. Fixed Remuneration is pre-determined, non-discretionary and is not dependent on an individual’s performance. Fixed Remuneration shall generally be determined annually and shall be communicated to the Employee as Fixed Remuneration or any other comparable term adopted by an Employer.
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Examples of Fixed Remuneration in a sentence

  • A company superannuation benefit is included in your Fixed Remuneration.

  • If Telstra terminates your employment for any reason other than serious misconduct or redundancy, you will receive in addition to any notice or payment in lieu of notice a termination payment equivalent to twelve months Fixed Remuneration.

  • In the event of such termination you will be entitled only to Fixed Remuneration to the date of termination, which shall be immediate.

  • Total running costs (which include lease payments, petrol, insurance, FBT and registration) will be costed to your Fixed Remuneration Package on a pre-tax basis.

  • By agreement, a greater part of your Fixed Remuneration can be paid as company superannuation contributions, subject to the total contribution (including the compulsory amount) not exceeding the statutory age-based deduction limits.

  • Fixed Remuneration includes salary and superannuation and any benefits (which also may include fringe benefit tax).

  • For the avoidance of doubt, pension contributions (both employee and employer) will be deducted from your Other Fixed Remuneration as detailed in 5.2 above.

  • In addition to your base salary, you will be entitled to Other Fixed Remuneration (“OFR”) to the value of CHF120,000.

  • This amount is paid in 12 monthly salaries of CHF50,000 per month, plus one additional month’s salary of CHF50,000 paid in December.lause 5.2 of Section 1 of the Contract to be replaced with the following clause:5.2 Other Fixed Remuneration (OFR).You will be paid OFR of CHF84,200 per annum.The OFR provides you with the opportunity to decide on the type and level of benefits you wish to take.

  • The Bank will pay the rent on your behalf and charge the cost to your Fixed Remuneration Package on a pre-tax salary sacrifice basis.


More Definitions of Fixed Remuneration

Fixed Remuneration means the portion of Remuneration, which in particular is based on predetermined criteria, non-discretionary, transparent, permanent, not related to performance criteria and does not provide
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Fixed Remuneration means payments and benefits to staff meeting the conditions for their award referred to Article 13 of this Decision.
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Fixed Remuneration means remuneration other than variable remuneration.
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Fixed Remuneration means that portion of the remuneration which is not variable within the meaning of number 3 above;
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Fixed Remuneration means the contractually agreed monthly salary paid out in arrears and non-cash benefits.
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Related to Fixed Remuneration

  • 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;

  • Remuneration Report means the remuneration report which forms part of the Directors’ Report of the Company for the financial year ended 30 June 2022 and which is set out in the 2022 Annual Report.

  • Base Pay means the Executive’s annual base salary from the Company at the rate in effect immediately prior to a Change in Control or at the time Notice of Termination is given, whichever is greater. Base Pay includes only regular cash salary (plus the amount of any automobile allowance paid to the Executive or any automobile lease payments made by the Company on behalf of the Executive) and is determined before any reduction for deferrals pursuant to any nonqualified deferred compensation plan or arrangement, qualified cash or deferred arrangement or cafeteria plan.

  • Annual Compensation means an amount equal to the greater of:

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Final compensation of a member means:

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Basic Compensation means Salary and Benefits.

  • Eligible Compensation means (i) for eligible exempt employees, such employee’s base salary at the time the Bonus or Spot Bonus is determined (prorated for time in an eligible position), and (ii) for eligible non-exempt and non-union hourly employees, such employees’ eligible wages for the applicable year as determined by the Company to be required by law.

  • Annual Fees means the annual fees determined by the Council in terms of section 27;

  • Current Annual Compensation means the greater of:

  • Earnable compensation means the full rate of the

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):