Common use of Benefit Plans and Compensation Clause in Contracts

Benefit Plans and Compensation. The adoption of any employee benefit plan pursuant to which shares of beneficial interest of the Company or any securities convertible into shares of beneficial interest of the Company may be issued and any action with respect to the compensation of the Senior Officers (including the granting or award of any bonuses or share-based incentive awards); provided, however, that SCG will not have an Approval Right as to any action with respect to the compensation of a Senior Officer as to whom SCG has delivered a notice under Section 4, for so long as the employment opportunity that is the subject of such notice is available to such Senior Officer.

Benefit Plans and Compensation. The adoption of any employee benefit plan pursuant to which shares of beneficial interest stock of the Company or any securities convertible into shares of beneficial interest stock of the Company may be issued and any action with respect to the compensation of the Senior Officers (including the granting or award of any bonuses or sharestock-based incentive awards); provided, however, that SCG will not have an Approval Right as to any action with respect to the compensation of a Senior Officer as to whom SCG has delivered a notice under Section 4, for so long as the employment opportunity that is the subject of such notice is available to such Senior Officer.