Reward framework Sample Clauses
Reward framework. We keep our reward framework under constant review to ensure that it continues to drive business goals and deliver value for the Unilever Group. Accordingly, Unilever will review your pay arrangements on a regular basis and Clause 2 may be updated accordingly (although any such review does not oblige Unilever to grant any increase). Unilever may also amend, replace or discontinue the arrangements in Clause 6.2, Clause 6.3 and/or any other variable pay plan at its discretion from time to time, without obligation to provide any equivalent or compensation for any loss of variable pay (although to avoid doubt any historic variable pay awards, including under the Unilever Share Plan 2017, our Global Share Incentive Plan (“GSIP 2010”) and made up to and including in 2016 under the Management Co-Investment Plan 2010 (“MCIP 2007”), will continue to be treated in accordance with the relevant plan rules).
Reward framework. We keep our reward framework under constant review to ensure that it continues to drive business goals and deliver value for the Unilever Group. Accordingly, Unilever PLC will review your pay arrangements on a regular basis and Clause 2 may be updated accordingly (although any such review does not oblige Unilever PLC to grant any increase). Unilever PLC may also amend, replace or discontinue the arrangements in Clause 6.2, Clause 6.3 and/or any other variable pay plan at its discretion from time to time, without obligation to provide any equivalent or compensation for any loss of variable pay, and, in particular, the variations to the remuneration terms set out in Schedule B (New Remuneration Structure) shall apply if the conditions set out in Schedule B are satisfied (although to avoid doubt any historic variable pay awards, including under the Unilever Share Plan 2017, will continue to be treated in accordance with the relevant plan rules).