(n.) A premium given for a loan, or for a charter or other privilege granted to a company; as the bank paid a bonus for its charter.
(n.) An extra dividend to the shareholders of a joint stock company, out of accumulated profits.
(n.) Money paid in addition to a stated compensation.
Example Sentences:
(1) The Treasury said: "Britain has been at the forefront of global reforms to make banking more responsible, including big reductions in upfront cash bonuses and linking rewards to long-term success.
(2) It takes more than a statistical read out and the return of big bank bonuses for a real recovery," he said.
(3) But it has already attracted attention for paying some deferred bonuses early in the US to avoid a hike in tax rates.
(4) And he failed to engage with these sensible proposals to limit bonuses to a maximum of a year's salary or double that if explicitly backed by shareholders - proposals which even his own MEPs have backed – until the very last minute.
(5) Lord Mandelson told bankers today that the one-off tax that will be imposed on their bonuses in today's pre-budget report was not designed to "teach them a lesson".
(6) If a bank does not meet the commitment, its chief executive and senior managers responsible for business lending will not receive the maximum pay and bonus as a result."
(7) The commission heard that the bonus culture had grown from the 1980s and that professionalism had been lost from the industry.
(8) An added bonus: With acceptance comes team building.
(9) It is the bonus culture – not high pay, recklessness or incompetence – that has polluted banking's public image.
(10) Excellent question -- is the absence of a bonus for M&S's 80,000+ staff a "failure of leadership"?
(11) In 2007, his £450,000 LTIP, combined with basic salary and bonus, left him £1.2m better off - and with nearly double the then salary of the BBC's director general, Mark Thompson.
(12) Until the October 2008 banking crisis there were no restrictions on the way bankers were paid, but rules were devised to try to link payouts to performance when it emerged that banks would still pay bonuses despite receiving taxpayer bailouts.
(13) The key point is that the G20 principles do not place any cap on the size of bonuses.
(14) Belinda Lester, from the employment law firm CKFT, agreed: "If they have a bad year, it's very difficult to cut back salaries"; the second big plus from the bank's point of view is "if a significant part of your remuneration is a bonus, these contracts will make it very clear that bonus is only payable if you're not leaving.
(15) The staff bonus pool at J Sainsbury has fallen by a quarter, despite the supermarket chain posting higher sales and profits for the last financial year.
(16) The chief executive has already waived his bonus for 2012 following the furore surrounding the £1m he was to be handed for 2011 before the political outcry forced him to hand it back.
(17) Just a few days before its annual results, the bank is ready to tell staff how much they will be getting and outline new payments to top staff who will be affected by the EU's bonus cap.
(18) Griffith earned £1.05m, including a bonus of £548,500, worth 113% of his salary and just short of the 125% maximum.
(19) HSBC and Standard Chartered, two UK-based banks who often manage to avoid the bonus spotlight, will also feel the heat after paying out millions to US regulators for breaches of the rules.
(20) Yet bank bonuses soared in April as payments were delayed so the highest paid could benefit from this government's top rate tax cut.
Perquisite
Definition:
(n.) Something gained from a place or employment over and above the ordinary salary or fixed wages for services rendered; especially, a fee allowed by law to an officer for a specific service.
(n.) Things gotten by a man's own industry, or purchased with his own money, as opposed to things which come to him by descent.
Example Sentences:
(1) Multicellular tumor spheroids (MTS) provide a closer in vitro correlate to in vivo malignancy than do conventional monolayer cultures; while simulating many parameters of in vivo growth, MTS systems provide those perquisites (i.e., experimental control, economy, expediency) associated with in vitro evaluation of preclinical therapeutic strategies.
(2) Persons insured in Group 2, on payment of a premium, obtain certain perquisites as compared with Group 1, primarily they may consult general practitioners and specialists of their own choice.