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Foley & Lardner
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Phillips Point Suite 200, East Tower 777 S. Flagler Drive West Palm Beach, FL 33401-6163 (407) 655-5050

Effective Date: February 2002

Associate	Base Salary	Bonus Range		Bonus	Comments
Year		Low	High	Discretionary
1st Year	$80,000			Yes	The bonus range is from 5% for 2100 hours to 15% for 2400 hours. The firm also pays a discretionary bonus of up to an additional 10%.
2nd Year	$85,000			Yes	The bonus range is from 5% for 2100 hours to 15% for 2400 hours. The firm also pays a discretionary bonus of up to an additional 10%.
3rd Year	$90,000			Yes	The bonus range is from 5% for 2100 hours to 15% for 2400 hours. The firm also pays a discretionary bonus of up to an additional 10%.
4th Year	$95,000			Yes	The bonus range is from 5% for 2100 hours to 15% for 2400 hours. The firm also pays a discretionary bonus of up to an additional 10%.
5th Year	$100,000			Yes	The bonus range is from 5% for 2100 hours to 15% for 2400 hours. The firm also pays a discretionary bonus of up to an additional 10%.
6th Year	$110,000			Yes	The bonus range is from 5% for 2100 hours to 15% for 2400 hours. The firm also pays a discretionary bonus of up to an additional 10%.
7th Year
8th Year

General Salary Comments:
The foregoing base amounts are guaranteed based upon 1950 hours billed each year (plus 150 non-billable). The structure is partially deferred compensation- e.g., for first years, through the year salary is paid at the rate of $80K with an expectation of 1850 billable hours (plus 150 non-billable), with an additional $10K guaranteed paid at the end of the year if 1950 hours are billed. Hours bonuses are as follows: 5% of the 1950 hours base for 2100 billable hours; 10% for 2250; 15% for 2400. Discretionary bonuses are up to an additional 10%. The above salaries are for non-IP associaties. The IP associates have the same bonus schedule with base salaries as follows: 2001-$105,000; 2000-$110,000; 1999-$120,000; 1998-$130,000; 1997-$140,000; 1996-$155,000.

Hours (Effective Date: February 2002): 2000 Worked ; 1800 Billed ; 1850 Required (see Base Salary Per Hour Worked chart)

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