Common use of Compensation During the Employment Period Clause in Contracts

Compensation During the Employment Period. During the Employment Period, the Executive shall be compensated as follows: (a) He shall receive an annual salary which is not less than his annual salary immediately prior to the Employment Period. (b) He shall be entitled to participate in annual cash-based incentive compensation plans which, in the aggregate, provide bonus opportunities which are not materially less favorable to the Executive than the greater of (i) the opportunities provided by the Trust for executives with comparable levels of responsibility as in effect from time to time; and (ii) the opportunities provided to the Executive under all such plans in which he was participating prior to the Employment Period. (c) He shall be eligible to participate in other incentive compensation plans and other employee benefit plans on a basis not materially less favorable to the Executive than that applicable to other executives of the Trust with comparable levels of responsibility as in effect from time to time.

Compensation During the Employment Period. During the Employment Period, the Executive shall be compensated as follows: (a) He She shall receive an annual salary which is not less than his her annual salary immediately prior to the Employment Period. (b) He She shall be entitled to participate in annual cash-based incentive compensation plans which, in the aggregate, provide bonus opportunities which are not materially less favorable to the Executive than the greater of (i) the opportunities provided by the Trust for executives with comparable levels of responsibility as in effect from time to time; and (ii) the opportunities provided to the Executive under all such plans in which he she was participating prior to the Employment Period. (c) He She shall be eligible to participate in other incentive compensation plans and other employee benefit plans on a basis not materially less favorable to the Executive than that applicable to other executives of the Trust with comparable levels of responsibility as in effect from time to time.