Examples of using Variable remuneration in English and their translations into Croatian
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Information on the use of the possibility to reclaim variable remuneration;
(c) no variable remuneration is paid to members of the management body of the institution unless justified.
It therefore follows that the relative weight of variable remuneration of total remuneration has decreased.
Guaranteed variable remuneration is exceptional, occurs only in the context of hiring new staff and is limited to the first year;
It shall set clear criteria for the award of fixed and variable remuneration, including all benefits in whatever form.
Variable remuneration is not paid through vehicles or methods that facilitate the avoidance of the requirements of this Directive.
In order to conserve capital, it is appropriate to impose proportionate restrictions on discretionary distributions of profits,including dividend payments and payments of variable remuneration.
Variable remuneration must not exceed the fixed remuneration or, with shareholders' approval, twice the fixed remuneration. .
In order to conserve capital, it is appropriate to impose proportionate restrictions on discretionary distributions of profits,including dividend payments and payments of variable remuneration.
Variable remuneration is not paid through vehicles or methods that facilitate the non-compliance with this Directive or Regulation(EU) No 575/2013.
This is particularly the case when the rules on deferral and pay-out in instruments are applied in small and non-complex institutions orto staff with low levels of variable remuneration.
It is a key mechanism for aligning variable remuneration with the long-term risks and performance of an institution, by enabling the application of malus.
The maximum ratio was introduced as aform of behavioural safeguard, aimed at curbing the excessive risk-taking incentives caused by the high level of variable remuneration.
Guaranteed variable remuneration is not consistent with sound risk management or the pay-for-performance principle and shall not be a part of prospective remuneration plans;(e).
The policy shall indicate the maximum amounts of total remuneration that can be awarded, andthe corresponding relative proportion of the different components of fixed and variable remuneration.
Where a company awards variable remuneration, the remuneration policy shall set clear, comprehensive and varied criteria for the award of the variable remuneration. .
Following the entry into force of CRD IV, institutions made frequent use of so-called role-based allowances, which were treated as fixed remuneration thus allowing more variable remuneration.
This point shall be applied to both the portion of the variable remuneration component deferred in accordance with point(k) and the portion of the variable remuneration component not deferred;
EBA estimates show that the requirements on deferral and pay-out in instruments may indeed be excessively costly and burdensome for small institutions andfor staff with low variable remuneration.
In addition to such pro rata remuneration& other variable remuneration, only costs directly linked to the maintenance and protection of investments, should be charged to the fund by the management company.”.
While recognising that the mere existence of these ex-post mechanisms has a certain deterrent effect on excessive risk-taking,their actual use to reduce or cancel variable remuneration remains low in practice.
A Guaranteed variable remuneration should be exceptional because it is not consistent with sound risk management or the pay-for-performance principle and should not be a part of prospective compensation plans.
The company's policy on directors' pay should explain how it contributes to the long-term interest of the company andset clear criteria for awarding fixed and variable remuneration, including all bonuses and benefits, says Parliament.
One-off costs to large institutions for applying the rules to staff on low levels of variable remuneration are estimated at between EUR 1 million and EUR 5 million and an ongoing annual cost of between EUR 400 000 and EUR 1.5 million.
The value of shares should not play a dominant role in thefinancial performance criteria and the share-based remuneration should not represent the most significant part of directors' variable remuneration, MEPs add.
Create an obligation to pay variable remuneration or discretionary pension benefits or pay variable remuneration if the obligation to pay was created at a time when the institution failed to meet the combined buffer requirements;
Looking at European averages, data collected by the EBA shows that, while average fixed remuneration per identified staff has increased in recent years,average variable remuneration has decreased.
However, data suggests that the variable remuneration that can be awarded within the limits imposed by the maximum ratio can accommodate greater use of these mechanisms, especially malus and clawback see Section III.
(73)‘discretionary pension benefits' means enhanced pension benefits granted on a discretionary basis by an institution to an employee as part of that employee's variable remuneration package, which do not include accrued benefits granted to an employee under the terms of the company pension scheme;
(b) create an obligation to pay variable remuneration or discretionary pension benefits, or to pay variable remuneration if the obligation to pay was created at a time when the entity failed to meet the combined buffer requirement; or.