The Variable Cash Incentive Program (VCIP) is a performance-based cash incentive program that allows employees to share in business success. All regular employees, full-time or part-time, salaried or hourly, of ConocoPhillips and its participating wholly owned subsidiaries are eligible to participate in VCIP.

The VCIP program helps align employee compensation with the company’s success on critical performance measures. These performance measures capture performance of the company as a whole (50 percent weighting), the business unit (50 percent weighting) and individual employees (supervisor’s discretion).

This variable bonus incentive program motivates and rewards employees to achieve business results by increasing their awareness of and accountability for the company’s objectives. It also provides variability and differentiation in compensation based on group and individual performance.