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It's a role-based pay allowance.
"Role-based pay allowance" Don't call it a bonus.
Barclays top bankers will benefit from an additional "role-based" pay allowance on top of their salaries and bonuses.
However, his total remuneration package, including his salary, a fixed pay allowance to avoid the EU cap on bonuses, annual bonuses of up to £2.1m and a long-term incentive plan of £3.2m, is worth £10m.
HSBC has given 15 of its top bankers "fixed pay allowance arrangements" worth £7.1m under a controversial new pay scheme designed to dodge tough new European Union rules on bankers' bonuses.
A third of Tata Steel workers at Port Talbot are facing reduced shifts and pay allowance deductions because of a fall in the demand for steel.
Similar(54)
In São Paulo, lower ranked military police officers earn an annual salary of $15,248 ,including benefits and danger pay allowances.
The majority of schemes cover only employed persons, but a minority, particularly to be found in industrialized countries, pay allowances to all residents.
If the general estate is insufficient to pay allowances in whole or in part, SIPC shall advance such funds as are necessary for such payment.
The new payments are counted as fixed pay, which means banks can, with shareholder approval, pay bonuses of 200% of bankers' collective basic pay and fixed pay allowances.
Banks have turned to awarding fixed pay allowances after the EU ruled to cap bonuses to 200% of salary, even if shareholders wanted to approve higher payments.
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