Examples of using Variable compensation component in English and their translations into German
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Medicine
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Computer
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Programming
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Official/political
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Political
Allocation of targets to the individual variable compensation components.
In the variable compensation components, retroactive modification of performance targets or comparison parameters shall be excluded.
This entails an appropriate mix of fixed and variable compensation components.
All variable compensation components for Executive Board members are therefore forward-looking and are not paid out until the end of the plan term.
In addition, we provide performance and success related variable compensation components.
The remaining shares are variable compensation components, which were allocated on the basis of the results achieved during the previous financial year.
Target-oriented employee assessmentis also used as an instrument for the determination of variable compensation components.
We use cleartarget agreements to document personal successes and variable compensation components to give our employees a share in the Company's growth.
Contrary to section 4.2.3, clause 3 of the CGC, Executive Board member Dr. Bickel, who left the company on December 31, 2010,only received a fixed salary and no variable compensation component.
In KUKA Aktiengesellschaft's view, a variable compensation component for an assignment of such short duration will not produce any meaningful long-term incentive.
The company intends when extending or concluding new Management Boardcontacts in the future to also take multi-year variable compensation components into account.
By way of clarification, it is noticed that the multi-year variable compensation components will apply only for Management Board members in office beyond the 2016/17 financial year.
It is made up of the basic salary, a short-term vari able compensation component based on achievement of the annual objectives, which is generally paid in cash and possibly in shares and, if applicable, as deferred compensation in cash,and a long-term variable compensation component in the form of an equity compensation plan, as well as contributions to occupational provisions and risk insurance.
This variable compensation component, comprising a long-term incentive effect along with a certain element of risk, provides for a sensible linking of the interests of shareholders and management.
Subparagraph 4.2.3 German Corporate Governance Code suggests that the variable compensation components of management board members should includecomponents with a long-term incentive effect and risk character.
The short-term variable compensation component for the Corporate Executive Board of a total CHF 3 949 081(cash bonus of CHF 3 368 081 and deferred compensation in cash of CHF 581 000), which was determined by the Board of Directors at the beginning of 2015 for the 2014 financial year and will be proposed to the General Meeting of Shareholders on 27 April 2015 for approval, is disclosed in the following compensation table on an accrual basis as compensation for the 2014 financial year accrual method.
The Executive Board compensation comprises fixed compensation and several variable compensation components, which, within a certain range, stand in a balanced and appropriate relationship to one another.
The short-term variable compensation component for the Corporate Executive Board of a total CHF 4 152 500(cash bonus of CHF 3 603 500 and deferred compensation in cash of CHF 549 000), which was determined by the Board of Directors at the beginning of 2016 for the 2015 financial year and will be proposed to the General Meeting of Shareholders on 26 April 2016 for approval, is disclosed in the following compensation table on an accrual basis as compensation for the 2015 financial year accrual method.
Starting from the principle of equal apportionment,the ratio of short-term to long-term variable compensation components is determined by the Board of Directors in consideration of the results achieved in the respective business year discretionary decision.
 The short-term variable compensation component for the 2014 financial year(bonus and deferred compensation in cash) was determined by the Board of Directors at the beginning of 2015 for the 2014 financial year.
Moreover, although the compensation agreements(employment agreements and agreements concerning stock appreciation rights)include maximum limits for variable compensation components, such limits are not expressed in terms of an amount, but instead as a percentage of a fixed amount.
This prospective approval excludes the short-term variable compensation component for the Corporate Executive Board, which is determined by the General Meeting of Shareholders retrospectively for the previous financial year.
In concrete terms, this means that employees with the corporate titles of Vice President, Director and Managing Director will receive the group variable compensation component butnot any individual variable compensation component for the 2016 financial year.
In addition, there is a long-term variable compensation component in the form of a Long-Term Incentive Plan("LTIP"), which was granted to the in 2016 already incumbent Executive Board members as of May 1, 2016, and runs until 2023.
Besides the variable bonus, which as a rule is to be paid out annually in cash and which is limited in its amount,the members of the Management Board receive a further variable compensation component in the form of stock options as a performance-related component of long-term incentive compensation. .
The Board of Directors will determine the fixed compensation and the long-term variable compensation component for the Corporate Executive Board at the beginning of 2019 and will detail the key underlying factors in the respective compensation report, on which the shareholders can in turn hold an advisory vote.
As a means of ensuring this minimum ratio in favor of the compensation components oriented towards the long term, it is expressly provided that the Supervisory Board may determine that the variable bonus to be paidas a rule annually is converted(pro rata) into a variable compensation component based on a multi-year assessment in order to also take account of any negative developments within the assessment period.
For the 2014 RSU plan the key date for allocation has been brought forward to 1 March,which is why the long-term variable compensation component is now also reported in the 2013compensation table for the 2013 financial year, which serves as the basis for the amount of the allocation and the corresponding number of allocated RSUs accrual method.
In the same way, the General Meeting on 26 April 2016 will be asked to approve the exclusively fixed compensation for the Board of Directors until the 2017 ordinary General Meeting,the short-term variable compensation component for the Corporate Executive Board for the 2015 financial year and the maximum total amount of fixed compensation basic salary incl.
For the 2014 RSU plan the key date for allocation has been brought forward to 1 March,which is why the long-term variable compensation component is now also reported in the 2013compensation table for the 2013 financial year, which serves as the basis for the amount of the allocation and the corresponding number of allocated RSUs accrual method.