Common use of REMUNERATION AND REIMBURSEMENT OF EXPENSES Clause in Contracts

REMUNERATION AND REIMBURSEMENT OF EXPENSES. 5.1 Barclays shall pay the Executive a basic salary at the rate of £500,000 per annum payable in arrears by equal monthly instalments on or by the last day of each month. The Executive’s basic salary is inclusive of any fees to which the Executive may be entitled as a director of any member of the Barclays Group. The Executive’s basic salary shall be reviewed from time to time and may in the sole discretion of the Board be increased following any such review. 5.2 The Executive will be eligible to receive a discretionary bonus award, in respect of each financial year subject to such rules of the bonus scheme as may be from time to time in force and the following conditions: 5.2.1 the amount, structure and form of any bonus award will be determined by Barclays in its sole discretion (which for the avoidance of doubt includes the right to make a nil award) provided such discretion is exercised reasonably and in good faith having regard to the Executive’s status, responsibilities and Barclays Group performance as well individual performance; 5.2.2 any award will only be paid if the Executive is in Barclays employment and not having served notice of termination to Barclays before the time of its payment which will be no later than 31 March following the relevant performance year; and 5.2.3 any award will be paid less deductions of income tax and national insurance contributions, as appropriate. 5.3 Barclays shall reimburse to the Executive all travelling, hotel, entertainment and other expenses properly and reasonably incurred by him in the performance of his duties under this Agreement and properly claimed and vouched for in accordance with Barclays current expense reporting procedure.

REMUNERATION AND REIMBURSEMENT OF EXPENSES. 5.1 Barclays shall pay the Executive a basic salary at the rate of £500,000 per annum payable in arrears by equal monthly instalments on or by the last day of each month. The Executive’s basic salary is inclusive of any fees to which the Executive may be entitled as a director of any member of the Barclays Group. The Executive’s basic salary shall be reviewed from time to time and may in the sole discretion of the Board be increased following any such review. 5.2 The Executive will be eligible to receive a discretionary bonus award, in respect of each financial year subject to such rules of the bonus scheme as may be from time to time in force and the following conditions: 5.2.1 the amount, structure and form of any bonus award will be determined by Barclays in its sole discretion (which for the avoidance of doubt includes the right to make a nil award) provided such discretion is exercised reasonably and in good faith having regard to the Executive’s status, status and responsibilities and Barclays Group performance as well individual performance; 5.2.2 any award will only be paid if the Executive is in Barclays employment and not having served notice of termination to Barclays before the time of its payment which will be no later than 31 March following the relevant performance year; and 5.2.3 any award will be paid less deductions of income tax and national insurance contributions, as appropriate. 5.3 Barclays shall reimburse to the Executive all travelling, hotel, entertainment and other expenses properly and reasonably incurred by him in the performance of his duties under this Agreement and properly claimed and vouched for in accordance with Barclays current expense reporting procedure.

REMUNERATION AND REIMBURSEMENT OF EXPENSES. 5.1 Barclays shall pay the Executive a basic salary at the rate of £500,000 700,000 per annum payable in arrears by equal monthly instalments on or by the last day of each month. The Executive’s basic salary is inclusive of any fees to which the Executive may be entitled as a director of any member of the Barclays Group. The Executive’s basic salary shall be reviewed from time to time and may in the sole discretion of the Board be increased following any such review. 5.2 The Executive will be eligible to receive a discretionary bonus award, award in respect of each financial year subject to such rules of the bonus scheme as may be from time to time in force and the following conditions: 5.2.1 the amount, structure and form of any bonus award will be determined by Barclays in its sole discretion (which for the avoidance of doubt includes the right to make a nil award) provided such discretion is exercised reasonably and in good faith having regard to the Executive’s status, responsibilities and Barclays Group performance as well individual performance;performance and the awards made to other executive directors. 5.2.2 any award will only be paid if the Executive is in Barclays employment and not having served notice of termination to Barclays before the time of its payment (which will be no later than 31 March following the end of the relevant performance financial year); and 5.2.3 any award will be paid less deductions of income tax and national insurance contributions, as appropriate. 5.3 Barclays shall reimburse to the Executive all travelling, hotel, entertainment and other expenses properly and reasonably incurred by him in the performance of his duties under this Agreement and properly claimed and vouched for in accordance with Barclays current expense reporting procedure.