The purpose of this letter is to inform you of your participation in the Baker Hughes Profit Incentive Program. The purpose of the Profit Incentive Program is to reward employees for Baker Hughes’ financial achievements, especially related to company profitability.
Each eligible employee will receive a payout between 0 and 10 percent of eligible pay, depending on company financial results for the 2014 fiscal year. The Program is discretionary and payouts are determined by senior management and the Compensation Committee of the Board of Directors.