Performance Contributions definition

Performance Contributions means the actual performance and achievements determined based on Remuneration parameters, of an employee or organisational unit, or the overall performance of an institution, which are used to determine the amount of Variable Remuneration. Performance Contributions can be also negative (for example Breach of Duty or Unconscionable Conduct).
Sample 1Sample 2Sample 3
Performance Contributions means the actual achievements and performance, as determined on the basis of the remuneration parameters, of senior managers, employees and the institution’s internal organisational units, which are used in determining the amount of variable remuneration components. Performance contributions may be positive or negative;
Sample 1
Performance Contributions means the actual performance and achievements determined based on Remuneration parameters, of an employee or organisational unit, or the overall performance of an institution, which are used to determine
Sample 1

Examples of Performance Contributions in a sentence

  • Negative Performance Contributions shall result in a reduction (down to 0) of deferred parts of the Variable Remuneration.

  • The reduction shall not be compensated by positive Performance Contributions.

  • If an Eligible Employee is not a Participant at the time Employer Performance Contributions are allocated, an Employer Performance Contributions Account shall be established in the Eligible Employee’s name and invested in the “qualified default investment alternative” (as defined under Department of Labor Regulation Section 2550.404c-5(c)) chosen by the Committee.

  • Employer Performance Contributions shall be allocated pro rata, based on an Eligible Employee’s Compensation while an Eligible Employee during the Plan Year.

  • The full amount of Variable Remuneration is subject to an ex ante risk-adjustment in case of Negative Performance Contributions, Breach of Duty and Unconscionable Conduct and can be reduced down to 0 before the bonus award is made.

  • Notwithstanding anything in the Plan to the contrary, effective as of January 1, 2005, Excess Performance Contributions shall cease to be made under the Plan.

  • A Participant shall at all times be one-hundred percent (100%) vested in, and have a nonforfeitable right to, his Before-Tax Contributions Account, Catch-Up Contributions Account, After-Tax Contributions Account, Employer Performance Contributions Account, and Rollover Account.

  • Employer Performance Contributions shall be delivered to the Trustee for deposit in the Trust not later than the time prescribed by federal law (including extensions) for filing the federal income tax return of the Employer for the year in which the Plan Year ends, and shall be deposited in the Participant’s Employer Matching Contributions Account as soon as practicable after it is received by the Trustee.

  • An Employee who is on a leave of absence on account of military service described in this Section which commenced during the Plan Year, but before the last day of the Employer’s fiscal year ending in such Plan Year, will share in the allocation of Performance Contributions under Section 4.5 for such Plan Year, but will not share in such allocations for any subsequent Plan Year ending before the Employee’s return from such military leave.

  • Filterable particulate emissions shall not exceed 21.7 pounds per hour, whereas filterable and condensable particulate emissions shall not exceed 28.00 pounds per hour.


More Definitions of Performance Contributions

Performance Contributions means the actual performance and achievements determined on the basis of Remuneration parameters, of a staff member or organisational unit, or the overall performance
Sample 1

Related to Performance Contributions

  • Accumulated contributions means the sum of all

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Plan Year means the calendar year.