3.5 Upon confirmation of employment, you may be eligible to receive, in the sole and absolute
discretion of the Company (considering such factors, as the Company deems appropriate in
the sole, subjective judgment), an annual bonus (Local Bonus Plan) targeted at 8% of your
annual base salary. The Company’s determination of whether or not to pay you the annual
bonus, the criteria therefore and the amount and timing of such bonus, shall follow the
Company’s Local Bonus Plan.