It is understood RBS were not due to offer Hampton the share bonus, based on a variety of factors, until next month, but he chose to waive the entitlement earlier.
This would put his remuneration package, assuming he continues to waive bonus entitlements, almost on a par with his £560,000 starting salary in 2004/05.
He has waived his entitlement to compensation in lieu of notice but will collect a bonus for his work until the end of December.
From then anyone taking out a new policy had to sign a declaration waiving any entitlement to a windfall should the company demutualise within three years.
Accordingly, the Client expressly waives any entitlement it may have to rely on any defence of "fair dealing" in relation to any Services it has received pursuant to this Agreement.
waiving their entitlement to 50% of the gate receipts for Friday's friendly at Plainmoor.
"Bonuses are decided by a remuneration committee chaired by director James Easdale, who this year waived his entitlement to receive fees and repaid to the company £12,640.34 in fees he received in the last half of 2013 when was appointed a director.
Along with a pledge to forgo a month's salary this year and assuming he continues to waive his bonus entitlements, Thompson's overall remuneration for the 12 months to the end of March 2011 is likely to fall to near the £560,000 he took home in his first year as director general in 2004/05.
The chancellor, Alistair Darling, said that Goodwin and McKillop have waived their contractual entitlements to payoffs.
"I think we can work it out in a bipartisan way, I certainly do, but just jamming it through without consulting us and not being fair to so many other parts of the country doesn't make sense". Another controversial provision was also added to the House stopgap Wednesday: a measure waiving mandatory cuts to entitlement programs forced by the passage of the tax bill.
Yes, waive -- not tighten.
