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Variable and bonus are two different things.
In EY Bonus % is not mentioned in offer letter.It is given as per your performance n service line.
It's newer mentioned in the offer letter, I was with them previously. In 2020 got 0%, in 2021 got 12% and then resigned & left!!
You will get the bonus from first year itself only if your probation period has ended at the end of year-end cycle.
What if ended on say Jan 5.
What is the CTC and YoE?
Any component must be mentioned in the offer letter
The variable % at level should be mentioned under the notes section of the offer letter.. If not you should HR to get this written.