Second Amendment to Anadarko Petroleum Corporation Annual Incentive Bonus Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Anadarko Petroleum Corporation is amending its Annual Incentive Bonus Plan, originally adopted and previously amended in 1995. Effective January 1, 1999, the amendment increases the maximum bonus amount in Section 4 of the plan from $1.5 million to $3 million. All other terms of the plan remain unchanged. This amendment is executed by the company and attested by its Senior Vice President, Administration.

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EX-10.B.XXII 3 h02644exv10wbwxxii.txt SECOND AMENDMENT TO ANNUAL INCENTIVE BONUS PLAN EXHIBIT 10(b)(xxii) SECOND AMENDMENT TO ANADARKO PETROLEUM CORPORATION ANNUAL INCENTIVE BONUS PLAN WHEREAS, ANADARKO PETROLEUM CORPORATION (the "Company") has heretofore adopted the ANNUAL INCENTIVE BONUS PLAN which was amended on January 1, 1995 (the "Plan"); and WHEREAS, the Company desires to further amend the Plan in the manner and to the extent herein provided. : NOW, THEREFORE, the Plan shall be amended, effective as of January 1, 1999, as follows: 1. The amount of "$1.5 million" in the fourth sentence of Section 4 shall be replaced with the amount of "$3 million". 2. Except as amended hereby, the Plan shall continue in full force and effect. . IN WITNESS WHEREOF, the parties hereto have caused these presents to be executed this ____ day of January, 1999. ANADARKO PETROLEUM CORPORATION ATTEST: _________________________ By:____________________________________ Charles G. Manley Senior Vice President, Administration