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Watt, Tieder, Hoffar & Fitzgerald, L.L.P.
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Citigroup Center
One Sansome Street Suite 810
San Francisco, CA 94104
415-623-7000
http://www.wthf.com

Effective Date: September 2003
Associate Base Salary Bonus Range Bonus
Year LowHighDiscretionary
1st Year$115,000 Yes
2nd Year$120,000 Yes
3rd Year$129,500 Yes
4th Year$134,500 Yes
5th Year$141,500 Yes
6th Year$147,500 Yes
7th Year$156,000 Yes
8th Year$166,000 Yes

General Salary Comments:
Watt, Tieder, Hoffar & Fitzgerald ("WTHF") may award merit bonuses each year to associates. These include bonuses for meeting minimum firm requirements and a loyalty bonus for continued employment with the firm for at least four years.

If associates are responsible for bringing business to the firm, they will receive a year-end bonus of 10% of the fees paid for those clients. WTHF also may provide each associate with 3% of their total compensation in profit sharing, which is contributed to each associate's 401K plan and which fully vests after 5 years of service to the firm.

Summer associate salaries for Summer 2003 are $2,000 per week for 2L's and $1,900 per week for 1L's.

Hours: N/A

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