remuneration are calculated as follows:

The amount of variable remuneration that can be discounted because it is paid in instruments deferred for at least a period of five years is EUR 30 000. However, different discount factors have been used because the vesting period applied to the amount of EUR 20 000 is five years, while the vesting period applied to EUR 10 000 is six years. These two amounts vest in full at the end of the deferral period, hence the vesting period equals the deferral period. There is no pro rata vesting in this example. The total amount of the discounted part of variable remuneration equals EUR 13 630.84, resulting in a total amount of variable remuneration for the purpose of calculating the ratio between variable and fixed remuneration of EUR 133 630.84; that is (150 000 - 30 000 + 13 630.84). The ratio between variable and fixed components of total remuneration in this example is (133 630.84/135 000)*100 = 98.99 %.

To sum up, under the assumptions and the conditions set out above, the institution will be able to award a staff member EUR 285 000 total remuneration, consisting of EUR 135 000 in fixed remuneration and EUR 150 000 variable remuneration within the 1:1 ratio for variable and fixed remuneration.

Of the EUR 150 000 variable remuneration, at least 40 % (EUR 60 000) needs to be deferred. If, depending on the jurisdiction, this is considered to be a particular high amount at least 60 % (EUR 90 000) needs to be deferred. In any case at least EUR 75 000 needs to be awarded in instruments.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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