Variable Pay definition

Variable Pay means that portion of the compensation which is variable in nature and linked to performance of the company and/ or the employee.

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Variable Pay means amounts paid to a Participant in accordance with the Memorandum of Agreement entitled Variable Pay in the Collective Agreement between TELUS and the Union first ratified in 2005.

Variable Pay means any bonuses, commissions or similar payments which would be paid to an Employee in cash and which are not part of the Employee's Salary. An Incentive Award shall not be treated as Variable Pay for purposes of the Plan.

Examples of Variable Pay in a sentence

• You will be eligible to participate in the Symantec Corporation Variable Pay Plan, which pays annually, based upon our success and your individual performance, with your annual target bonus thereunder to be set at not less than sixty percent (60%) of your annual base salary and other eligible compensation (the “Target Bonus”), and any other incentive plans for which you may become eligible.

• Each Variable Pay Revolving Note shall be issued as a Definitive Note.

• Advances may be made and additional Variable Pay Revolving Notes may be issued only in connection with a Targeted Final Payment Date and in accordance with this Indenture and the Trust Agreement.

• In addition, the Indenture Trustee shall deposit in the Note Payment Account, the amount of any Advance received from the holder of a Variable Pay Revolving Note in accordance with Section 2.03 of the Indenture, or the proceeds of the sale and issuance of a Variable Pay Revolving Note issued pursuant to the Indenture after the Closing Date, to be applied as a distribution of principal of the related Class of Term Notes on its respective Targeted Final Payment Date.

• The Noteholder of a Variable Pay Revolving Note desiring to effect such transfer shall, and does hereby agree to, indemnify the Indenture Trustee, the Enhancer and the Issuer against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.

More Definitions of Variable Pay

Variable Pay means Annual Bonuses and sales and service incentive compensation.

Variable Pay means the compensation as fixed by the Board on recommendation of the Committee, which is based on the performance appraisal of an employee in that role, that is, how well they accomplish their goals. It may be paid as:

Variable Pay means that portion of a Participant’s Compensation which is determined and paid in accordance with the provisions of the Employer’s annual performance-based compensation program.

Variable Pay means, with respect to a Restatement, any compensation that is granted, earned, or vested based wholly or in part upon the attainment of one or more Financial Reporting Measures and received by a person (a) after beginning service as an Officer, (b) who served as an Officer at any time during the performance period for

Variable Pay means that portion of a Participant’s Compensation which is determined and paid in accordance with the provisions of the Employer’s annual performance-based compensation program, including, but not limited to, any payments made to Executives under the Employer’s annual incentive compensation plan or sales and services incentive plans after March 31, 2008.

Variable Pay means a Participant's commissions and bonuses and any other incentive compensation.

Variable Pay. Pay that is not part of an Employee’s annual base salary.