2Annual Bonus. The Company shall provide the Executive with the opportunity to earn an annual bonus, at a level which is commensurate with the opportunity typically offered to executives having the same or similar duties and responsibilities as the Executive at companies similar in size and character to the Company. The Executive shall be notified in writing by the Company prior to the beginning of each fiscal year as to what the Executive's target bonus will be for such fiscal year. Nothing in this section shall be construed as obligating the Company to refrain from changing and/or amending any annual incentive plan so long as such changes are similarly applicable to all executives generally.
Appears in 6 contracts
Samples: Employment Agreement (R&b Falcon Corp), Employment Agreement (R&b Falcon Corp), Employment Agreement (R&b Falcon Corp)
