"Everything's dependent on performance," he said.
How many other workers have so much of their income dependent on performance?
But payment was dependent on performance, and between the legal battles and other factors, the city never referred many welfare recipients to Maximus.
The extra £4.5m in shares, deferred until 2014 and dependent on performance targets, mean Hester is in line for a total pay package of £7.7m for last year.
Note, too, that a large slice of that big bonus at HSBC was subject to deferral and clawback – it is dependent on performance not turning sour.
There is no reason to doubt that the potential £114m outlay on Unruly (half upfront, the rest dependent on performance) will be money well spent.
From our perspective we have paid £1bn of value with £747m in cash, £150m of additional capital into the business and more dependent on performance.
Leftfield Entertainment The British broadcaster became the largest independent producer of unscripted TV in the US in 2014, when it paid an initial $360m for 80% of Leftfield Entertainment, with further payments dependent on performance.
For Michael Williams, the chief executive of Fannie Mae, and Charles Haldeman, the chief of Freddie Mac, it includes a $900,000 salary, $3.1 million in deferred payments in 2010 that are not dependent on performance and an additional $2 million tied to meeting certain goals.
The changes mean that: Credit unions pay their members a dividend, which is similar to interest but, unlike banks and building societies, credit unions were not able to promise a rate in advance, as the dividend was dependent on performance throughout the year.
