Common use of Executive’s Compensation Clause in Contracts

Executive’s Compensation. The Company agrees to compensate the Executive as indicated on Exhibit 4 to this Agreement. Base Salary, as defined in Exhibit 4, will be paid to the Executive in regular installments based on the payroll frequency designated by the Company during the term of this Agreement. Any bonus compensation is subject to the requirement that the Executive be an active full-time employee of the Company on the bonus payment date selected by the Company and will be at the absolute discretion of the Company in such amounts and at such times as the Board may determine. The Executive recognizes and acknowledges that the award of bonuses is not guaranteed or promised in any way. Additionally, in the event the Executive resigns employment, the Executive shall not be eligible for any bonus compensation that may have otherwise been payable after such initial notice of resignation. Any restricted stock or other awards granted by Access Midstream Partners, L.P. (the “MLP”), to the Executive from the Company’s various equity compensation plans will be subject to the terms and conditions thereof and the applicable award agreement.

Executive’s Compensation. The Company agrees to compensate the Executive as indicated on Exhibit 4 to this Agreement. Base Salary, as defined in Exhibit 4, will be paid to the Executive in regular installments based on the payroll frequency designated by the Company during the term of this Agreement. Any bonus compensation is subject to the requirement that the Executive be an active full-time employee of the Company on the bonus payment date selected by the Company and will be at the absolute discretion of the Company in such amounts and at such times as the Board may determine. The Executive recognizes and acknowledges that the award of bonuses is not guaranteed or promised in any way. Additionally, in the event the Executive resigns employment, the Executive shall not be eligible for any bonus compensation that may have otherwise been payable after such initial notice of resignation. Any restricted stock or other awards granted by Access Midstream Partners, L.P. (the “MLP”), ) to the Executive from the Company’s 's various equity compensation plans will be subject to the terms and conditions thereof and the applicable award agreement.