Exhibit 10.24



Schedule of Executive Officer Compensation

X-Rite Incorporated



|                      |  |                                          |  |                       |         |                       |   |                              |  |       
|--------------------- |  | ---------------------------------------- |  | --------------------- | ------- | --------------------- | - | ---------------------------- |  | ------
|Executive Officer     |  | Position                                 |  | 2005 BaseCompensation |         | 2004 BonusPayment (3) |   | Stock OptionsGranted in 2005
|Michael C. Ferrara(1) |  | CEO and President                        |  | $                     | 390,000 |                       | $ | 519,965                      |  | 32,000
|Mary E. Chowning(2)   |  | CFO and Vice President Finance           |  | $                     | 275,000 |                       | $ | 213,684                      |  | 25,000
|Joan M. Andrew        |  | Vice President Global Sales              |  | $                     | 222,000 |                       | $ | 206,087                      |  | 25,000
|Bernard J. Berg       |  | Sr. Vice President and CTO               |  | $                     | 206,000 |                       | $ | 189,942                      |  | 25,000
|Jeffrey L. Smolinski  |  | Vice President Operations                |  | $                     | 220,000 |                       | $ | 204,187                      |  | 25,000
|James M. Weaver       |  | Vice President Marketing and Development |  | $                     | 200,000 |                       | $ | 175,696                      |  | 25,000



The above named executive officers are
provided medical, dental, life insurance and retirement benefits similar to those provided non-executive employees. In addition, each individual is provided an automobile or automobile allowance.



|(1) | In addition to the aforementioned benefits, Mr. Ferraras employment agreement requires
the Company to provide 10,000 shares per year of X-Rite, Incorporated restricted stock, severance benefits, and outside accounting and legal advice not to exceed $3,000 per year. In addition to his agreement, the Company provides Mr. Ferrara a
country club membership.
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|(2) | In addition to the aforementioned benefits, Ms. Chowning is provided outside accounting and
legal advice not to exceed $2,500 per year and a country club membership by the Company.
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|(3) | Bonuses paid to the executive officers in 2005 with respect to the Companys 2004 fiscal
year may be converted into common stock of the Company, at the election of the executive, pursuant to the Companys Cash Bonus Conversion Plan. Bonuses are converted at a discount of 50 percent from the market value of the stock at the time the
bonus is determined. The shares received are subject to certain restrictions on transfer and risks of forfeiture. Restrictions lapse as to 20 percent of the shares six months after grant and as to 20 percent on each of the first four anniversaries
of the grant date, or as to all shares in the event of death, disability, retirement, or change in control of the Company. Dividends are paid on these shares to the same extent paid on the Companys common stock.
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