Employee Bonus Costs

Employee Bonus Costs
All Employee Bonus Costs, subject to a maximum amount in any Full Year Reporting Period of the lower of: (i) 20% of the Total Fixed Employee Remuneration; and (ii) the Excluded Bonus Maximum Amount, adjusted (if applicable) for Indexation; plus the amount of any employer’s social security contributions in respect of the amount of such Employee Bonus Costs excluded pursuant to this Article 3.1(k)

All Employee Bonus Costs, subject to a maximum amount in any Full Year Reporting Period of the lower of: (i) 20% of the Total Fixed Employee Remuneration; and (ii) the Excluded Bonus Maximum Amount, adjusted (if applicable) for Indexation; plus the amount of any employer’s social security contributions in respect of the amount of such Employee Bonus Costs excluded pursuant to this Article 3.1(k);