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.

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.

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.

Examples of Fixed Remuneration in a sentence

• The increases to Fixed Remuneration each July under this Agreement are intended to ensure that Telstra meets these contribution levels.

• Payments under this clause will cease when employees are under a Fixed Remuneration model, which incorporates annual leave loading (see Appendix C).

• Telstra will pay you the same (or greater) Fixed Remuneration (unless you agree otherwise) that you were paid under your AWA or ITEA if: • you or Telstra terminates your AWA or ITEA • this Agreement starts to apply to you, and • you become a Job Family Employee.

• The Parties are committed to a transparent process that enables employees fully to understand the transition to a Fixed Remuneration structure.

• If applying the increase to your Fixed Remuneration immediately before the increase date would result in a figure higher than this, you will move to that higher Fixed Remuneration.

More Definitions of Fixed Remuneration

Fixed Remuneration. : means the fixed remuneration to which each Executive Managing Directors is entitled pursuant to the Company’s remuneration policy from time to time in place;

Fixed Remuneration means all contractually agreed Remuneration that is not linked to performance (and which, for the avoidance of doubt, excludes variable remuneration and severance payments which are not considered Fixed Remuneration);

Fixed Remuneration means payments and benefits to staff meeting the conditions for their award referred to Article 13 of this Decision.

Fixed Remuneration means remuneration other than variable remuneration.

Fixed Remuneration means that portion of the remuneration which is not variable within the meaning of number 3 above;

Fixed Remuneration means the contractually agreed monthly salary paid out in arrears and non-cash benefits.

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