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 -------------------------------------- James J. McGonigle, CEO /s/ Rusty Siebert -------------------------------------- Rusty Siebert, Chairman /s/ David G. Bradley -------------------------------------- David G. Bradley, Stockholder <PAGE> Participants ------------ 1998 Corporate Executive Board Special Bonus Award -------------------------------------------------- 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.