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What is meant by LVP in Employment contract???

What is meant by LVP in Employment contract???

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Old Aug 2nd 2008, 5:08 am
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Question What is meant by LVP in Employment contract???

Hi,

I have received a job offer in Melbourne.My contract says:

Variable pay: LVP 10% committed-20% stretched for 2008

I am unable to understand what is meant by this????????Please suggest.

Thanks
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