Exhibit 10.22

 

PROQUEST COMPANY

 

Description of Compensatory Arrangements

Applicable to Named Executive Officers

For 2004 and 2005

 

In addition to the various other compensatory plans, contracts and arrangements
in which the Company’s Named Executive Officers participate, and which are filed
as exhibits to the Company’s Form 10-K Annual Report for the fiscal year ended
January 1, 2005, the compensatory arrangements applicable to the Company’s Named
Executive Officers as of March 10, 2005 are as specified below:

 

Annual Base Pay

 

Executives

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   2004

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   2005

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Alan W. Aldworth

   $ 625,000    $ 675,000   

Ronald D. Klausner

   $ 465,000    $ 465,000  (1)

Andrew H. Wyskowski

   $ 300,000    $ 300,000  (1)

Alfred A. DeSeta

   $ 325,153    $ 327,051   

Todd W. Buchardt

   $ 270,000    $ 270,000  (1)

Kevin Gregory

   $ 255,771    $ 265,000  (1)

 

(1) Subject to adjustment based on annual performance review that is scheduled
to occur on or about May 1, 2005

 

Annual Bonus Plan

 

Executives

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   2004(2)

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2005

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Alan W. Aldworth

   $ 443,594    0 to 85% of base salary

Ronald D. Klausner

   $ 175,000    0 to 70% of base salary

Andrew H. Wyskowski

   $ 135,000    0 to 60% of base salary

Alfred A. DeSeta

   $ 150,000    0 to 60% of base salary

Todd W. Buchardt

   $ 112,892    0 to 50% of base salary

Kevin Gregory

   $ 106,784    0 to 50% of base salary

 

(2) Paid in March 2005 based upon achievement of 2004 financial results.

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Stock Options

 

Executives

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   2004 (# of options/shares)

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    2005 (# of options/shares)

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Alan W. Aldworth

   750,000  (3)   0  

Ronald D. Klausner

   440,000  (3)   0  

Andrew H. Wyskowski

   260,000  (3)   0  

Alfred A. DeSeta

   20,700      5,028  (4)

Todd W. Buchardt

   170,500  (3)   0  

Kevin Gregory

   170,500  (3)   0  

 

(3) Options granted pursuant to multi-year long term incentive program as
disclosed in the Company’s Proxy Statement filed on April 16, 2004.

 

(4) Mr. DeSeta was granted 5,028 shares of restricted Common Stock of the
Company as approved by the Compensation Committee of the Company’s Board of
Directors on March 10, 2005.

 

Perquisites and Other Miscellaneous Items

 

The Company provides the following perquisites to each of the Named Executive
Officers:

 

In fiscal 2004,

 

  •   Mr. Aldworth received $24,253 in auto allowance and miscellaneous
benefits.

 

  •   Mr. Klausner received a $200,000 signing bonus, $150,000 special bonus and
$17,632 in auto allowance and miscellaneous benefits.

 

  •   Mr. Wyszkowski received $22,907 in auto allowance and miscellaneous
benefits.

 

  •   Mr. Gregory received $23,009 in auto allowance and miscellaneous benefits.

 

  •   Mr. Buchardt received $14,894 in auto allowance and miscellaneous
benefits.