MONTHLY VARIABLE COMPONENT Sample Clauses

MONTHLY VARIABLE COMPONENT. (1) The monthly variable component (MVC) will form part of the total monthly salary for the purpose of computing CPF payment, annual increment, overtime payment and bonuses and count towards the staff’s salary range.
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MONTHLY VARIABLE COMPONENT. (1) The monthly variable component (MVC) will form part of the monthly basic salary.
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Related to MONTHLY VARIABLE COMPONENT

  • Monthly Fee 2.1 The monthly fee is € . The monthly fee includes value-added tax at the statutory rate, which is currently 19%. In the event of changes to the statutory value-added tax payable and/or if any additional taxes/levies have to be paid, the fee specified above may be recalculated accordingly.

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