Common use of Bonus schemes Clause in Contracts

Bonus schemes. The Company has established incentive bonus schemes and, subject to the rules of such schemes, the Officer shall be eligible to participate therein. The Company reserves the right to amend or procure the amendment of the terms of or to terminate or procure the termination of such schemes and to alter the level of the Officer's participation therein without reference to or agreement from him.

Bonus schemes. The Company has established incentive bonus schemes and, subject to the rules of such schemes, the Officer shall be eligible to participate thereinin those schemes. The Company reserves the right to amend or procure the amendment of the terms of or to terminate or procure the termination of such schemes and to alter the level of the Officer's participation therein without reference to or agreement from him.