4. Application of the discount rate 14. The discount rate should be applied to a maximum of 25% of …

Application of the discount rate

14. The discount rate should be applied to a maximum of 25% of the total variable remuneration of an individual staff member (or a lower percentage prescribed by the Member State) paid in instruments that are deferred for at least five years.

15. Institutions should calculate for each individual staff member:

• a. the sum of all amounts of variable remuneration which are awarded before the discount rate is applied;
• b. the amount under (a) which is awarded in instruments and deferred for a period of at least five years; and
• c. the amounts under (b) for which different discount rates apply.

16. In order to calculate the discounted variable remuneration the applicable discount rate should be applied by multiplying it by the relevant part of variable remuneration.

17. For the purpose of calculating the ratio between the variable and the fixed component of remuneration for an individual staff member, the total variable remuneration is the sum of all discounted amounts of variable remuneration and the non-discounted variable remuneration.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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