Employment Agreement - The Corporate Executive Board Co. and James J. McGonigle
[THE CORPORATE EXECUTIVE BOARD COMPANY LETTERHEAD]
December 28, 1998
Mr. James J. McGonigle
Chief Executive Officer
The Corporate Executive Board Company
The Watergate, 8th Floor
600 New Hampshire Avenue, N.W.
Washington, D.C. 20037
Dear Jay:
This letter sets forth the terms of the special 1998 bonus, as we have agreed,
effective today. They are as follows:
. $100,000 bonus to each of the 24 most senior people in the Corporate
Executive Board Company. See attached list.
. Payable the earlier of the date of an initial public offering or December
31, 1999.
. If paid at the date of an initial public offering, payable 60% in stock,
40% in cash. Consistent with our Underwriters' lock-up agreement, stock
granted must be held by participants for at least six months.
Participants receiving stock will be required to execute any documents
reasonably required by the Company.
. If not paid in conjunction with an initial public offering, then payable
100% in cash.
. No employment requirements or other conditions imposed on participants
other than those set forth herein.
Please review these terms and indicate your acceptance below.
Sincerely,
/s/ David G. Bradley
David G. Bradley
/s/ James J. McGonigle
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James J. McGonigle, CEO
/s/ Rusty Siebert
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Rusty Siebert, Chairman
/s/ David G. Bradley
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David G. Bradley, Stockholder
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Participants
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1998 Corporate Executive Board Special Bonus Award
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Amoruso, P.
Baker, J.
Buer, P.
Capoor, V.
Chang, S.
DeConti, C.
Freire, P.
Gess, J.
Giammo, L.
Kostoff, M.
Lauer, P.
McGonigle, J.
McKinnon, W.
Miller, C.
Monahan, T.
Olson, M.
Smith, E.
Sorkin, J.
Stauch, U.
Sweeney, J.
Van Bever, D.
Walinsky, C.
Ward, P.
Winslow, S.