Variable Remuneration Clause Samples

Variable Remuneration. 1 Right to variable remuneration You are entitled to variable remuneration. The following table applies to you as from 1 January 2015: Salary scale Non fee earner Management

Variable Remuneration. ▇▇ ▇▇▇▇▇▇▇▇▇ shall receive variable remuneration in the form of an annual bonus of up to 100% of his fixed salary if the objectives he has been given are fully achieved. In addition, ▇▇ ▇▇▇▇▇▇▇▇▇ will receive an annual award of shares or options for a value of up to 100% of his annual gross basic remuneration subject to the terms of the Plan and the achievement of objectives.

Variable Remuneration. (a) Subject to Paragraph (b) below, in addition to the interest payable pursuant to Article 4.1 (Deferred Interest Fixed Rate) above and in consideration of the Bank making the Credit available to the Borrower in accordance with this Contract, the Borrower hereby grants and reserves for the benefit of the Bank, irrespectively of the amount disbursed under this Contract, a participation in each Released Batch during the Remuneration Period equal to EUR [*****] ([*****] euros) per Released Batch (the “Remuneration Payments”) and hereby undertakes to pay the relevant Remuneration Payments to the Bank subject to the terms of this Contract. For the avoidance of doubt and by way of distinction from a silent partnership (stille Beteiligung), the Bank does not participate in any loss of the Borrower or any other Group Company. (b) The obligation of the Borrower to make Remuneration Payments pursuant to Paragraph (a) above shall exist only for so long as and to the extent that a due Remuneration Payment together with the aggregate amount of all preceding Remuneration Payments does not exceed the Remuneration Cap. For the avoidance of doubts, the cumulative amount of Remuneration Payments shall not exceed the Remuneration Cap. (c) Each Remuneration Payment shall: (i) be determined by an Independent Expert (the “Expert Determination”); (ii) be calculated on the actual number of Released Batches of the respective previous financial year (such information to be provided to the Bank by no later than March 1st of the current year); and (iii) become due and payable on the relevant Remuneration Payment Date, within the Remuneration Period. (d) If the Bank and the Borrower have not appointed an Independent Expert within [*****] days of any such request, the Independent Expert shall be appointed by the President of the Chamber of Industry and Commerce Berlin (Industrie- und Handelskammer Berlin) upon application by either the Bank or the Borrower. The costs related to the Expert’s Determination shall be borne by the Borrower and the Expert’s Determination shall, in the absence of manifest error, be conclusive and binding on both parties to this Contract as to the matters to which it relates. The Borrower shall, within [*****] Business Days of delivery of the Expert’s Determination and upon the Bank’s demand, pay to the Bank the amount determined by the Expert Determination. (e) The Bank has at any time, and nothwithstanding the Expert Determination referred to above, the rig...

Variable Remuneration. 1. Right to variable remuneration Salary scale Non fee earner (until 1 July 2016) Fee earner Management (until 1 July 2016) 1 5% 10% 2 5% 10% 3 5% 10% 4 5% 10% 5 5% 15% 6 5% 15% 7 7% 15% 8 7% 15% 9 7% 15% 10 10% 15% 12% 11 10% 15% 12% 12 10% 15% 12% 13 10% 15% 12% You are entitled to variable remuneration. The following table applies to you: In accordance with the timelines as set out in the procedural arrangements for variable remuneration (Appendix 20 of this Collective Agreement) you will be given information concerning your on-target percentage, and defined position (fee earner, non fee earner, or management). 2. Basis for variable remuneration The basis for your variable remuneration is your fixed annual income (fixed gross monthly salary less any supplements, x 12.96). Other components are excluded for this basis. 3. Payment threshold If you come within the categories of Management or Non fee earners, your variable remuneration will only be paid to you if at least 80% of the targets (results) stipulated for the relevant group of employees, as well as your personal targets, are met overall. If you are a Fee earner, then the payment threshold is linked to the billability levels fixed for the relevant calendar year within the organisational unit within which you work. The calculation methods may differ per unit, with the proviso that all Fee earners are subject to a payment threshold. The method that applies to you also applies to all other Fee earners within your organisational unit. 4. Payments scale The following payments scale applies: Payment is made if you achieve results of 80% or more. Payment is made gross. From 0% to 80% 0% From 80% to 85% - 12.5% From 85% to 90% - 15% 90% 60% From 91% to 95% 4% 80% From 96% to 100% 4% 100% From 101% to 110% 2.5% 125% From 111% to 120% 2.5% 150% 121% and above 3% 5. Maximum payment Your maximum annual income is 150% of the total of your fixed annual salary (fixed gross monthly salary x 12.96) and the on-target variable remuneration. Given that the fixed annual salary is included in this calculation, the maximum payment of variable salary is also calculated. 6. Consultation structure Appendix 20 sets out the procedural arrangements for the application of parameters and the respective weighting of these parameters, the timeline for announcement of the targets and parameters, and an evaluation. 7. Variable remuneration of Non Fee-earners/Management as from 1 July 2016 As from 1 July 2016, if you are or become a N...

Variable Remuneration. 5.1 The Employee may, at the Company's sole discretion, be eligible to participate in bonus arrangements established by the Company from time to time. Any bonus, if awarded, will primarily be based on individual, business unit and Company performance. The target amount shall be 30 per cent of the annual Base Salary. 5.2 If the Employment has been terminated during the year for which bonus is calculated, any bonus entitlement shall be reduced to a pro-rated amount based on days worked up to the date of the termination of the Employment. 5.3 The employee is eligible to participate in the Long Term incentive program as set out each year and approved by the board of Directors and the AGM. Your allocation in 2023 is set to be equivalent to 100% of your base salary and granted upon joining Olink.

Variable Remuneration. 5.1 The Employee may, at the Company's sole discretion, be eligible to participate in bonus arrangements established by the Company from time to time. Any bonus, if awarded, will primarily be based on individual, business unit and Company performance. The maximum amount of any bonus in any year shall be 30 per cent of the annual Base Salary. 5.2 If the Employment has been terminated during the year for which bonus is calculated, any bonus entitlement shall be reduced to a pro-rated amount based on days worked up to the date of the termination of the Employment.

Variable Remuneration. The agreed variable remuneration will be charged per calendar quarter. Remuneration will be due for each calendar month for each Customized Index. This remuneration shall be the product of i. the average assets under management of a financial instrument issued on the basis of the respective Customized Index during the month and ii. the remuneration p.a. shown in the following table in basis points divided by 12. In case a security has not been outstanding over an entire month, the remuneration is reduced respectively. Index Remuneration p.a. Solactive US Buyback Total Market Index If this table does not contain an index no variable remuneration is due. Variable remuneration will be charged to the Licensee as soon as the data has been reported and evaluated. If the regular reporting deadline has expired and the Licensee has not submitted the outstanding report to Solactive by the end of the next reporting deadline following the expired reporting deadline despite having been sent a reminder, Solactive may make a provisional estimate of the remuneration due at its due discretion using suitable criteria (such as data reported for the previous months) and charge this to the Licensee as an advance on the actual amount due. This shall have no effect on the right to terminate without notice. Solactive shall issue invoices to the Licensee.

Variable Remuneration. The Company also pays most employees Variable Remuneration, which is a portion of your pay linked to performance. Variable Remuneration is determined in accordance with rules set by us from time to time and is at our discretion. Variable Remuneration is not governed by this Agreement.

Variable Remuneration. The definition of “Net Sales” under article 1.2 (Definitions) shall be deleted in its entirety and replaced with the following: