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One would get complete Monthly Performance Pay.
The Quaterly Performance Pay will depend on your Allocation Index, Unit Billing, etc.
Monthly variable will be fully paid out. Quarterly is variable and depends on the performance of the project.
even i got both and based on my research, both are variable pay(it's explicitly mentioned in the offer letter). But from what i heard, you'll get the monthly bonus for sure and the quarterly bonus is the one that depends on your performance, management and company's performance
What’s your YOE ? QVA depends on level as well but yeah it will be announced quarterly based on company results