Common use of Variable Compensation Clause in Contracts

Variable Compensation. Executive shall be entitled to participate in any short-term or long-term variable compensation plans offered by the Company to its executive officers generally (collectively, such plans are referred to in this Agreement as the “Combined Plans” and which are currently the Annual Incentive Plan and the Long-Term Incentive Plan, which includes the Multi-Year Incentive Plan and the equity components of the Long-Term Incentive Plan), subject to the generally applicable terms and conditions of the plan in question and to the determination of the Compensation Committee or any committee administering such plan.

Variable Compensation. Executive shall be entitled to participate in any short-term or long-term variable compensation plans offered by the Company to its executive officers generally (collectively, such plans are referred to in this Agreement as the “Combined Plans” and which are currently the Annual Incentive Plan and the Long-Term Incentive Plan, which includes the Multi-Year Incentive Plan and the equity components of the Long-Term Incentive Plan), subject to the generally applicable terms and conditions of the plan in question and to the determination of the Compensation Committee or any committee administering such planindependent members of the Board.