**Exhibit 10 (24)****SUMMARY OF 2007 SALARIES OF NAMED EXECUTIVE OFFICERS**The following table sets forth the current base salaries provided to the Company’s CEO andfour most highly compensated executive officers (the “Named Executive Officers”):     **Executive Officer** **Current Salary**Andrew B. Schmitt $520,000 Eric R. Despain $250,000 Jerry W. Fanska $250,000 Jeffrey J. Reynolds $239,000 Colin B. Kinley $200,000 The Named Executive Officers, other than Colin Kinley, President of the Energy Division, andJeffrey Reynolds, Executive Vice President of the Company overseeing the Water and WastewaterInfrastructure Division, are also eligible to receive a bonus each year under the Company’sExecutive Incentive Compensation Plan (the “IC Plan”). Mr. Kinley is paid a bonus based onachieving certain goals specific to his division, which for fiscal 2007 included attaining acertain level of natural gas reserves, production and earnings before interest and taxes (EBIT).Mr. Reynolds participates in the Reynolds Division of Layne Christensen Company Cash Bonus Plan(the “Reynolds Plan”). Under the Reynolds Plan, the Company accrued and reserved a bonus pool forfiscal 2007 equal to 20% of the net income earned by the Reynolds division, subject to reduction inthe event the Reynolds division does not generate earnings before interest, taxes depreciation andamortization (EBITDA) in excess of its EBITDA target for that year. The EBITDA target for theReynolds division for each plan year through January 31, 2009, is $16,500,000. The CompensationCommittee of the Board of Directors of the Company then determines the amount of the bonus paid toMr. Reynolds out of the bonus pool reserved. The bonuses paid to the Company’s CEO and four mosthighly compensated executive officers under the respective plans in which they participate for thefiscal year ended January 31, 2007 are as shown in the following table:     **Executive Officer** **FY 2007 Bonus**Andrew B. Schmitt $386,203 Eric R. Despain $187,412 Jerry W. Fanska $163,380 Jeffrey J. Reynolds $354,000 Colin B. Kinley $200,000 The Company adopted the IC Plan in fiscal 1993. Each of the Company’s Named Executive Officers,other than Mr. Kinley and Mr. Reynolds, is eligible to participate in the IC Plan. Mr. Kinley andMr. Reynolds receive their bonuses under separate arrangements, as explained above. Under the ICPlan, each participant will be eligible for an annual cash bonus in a target amount (the “TargetBonus”) equal to a percentage (50% in the case of Mr. Schmitt and 37.5% in the case of the otherNamed Executive Officers) of such participant’s base compensation. The Target Bonus will beadjusted (up or down) based upon the performance of the Company as compared to certain goalsincluded in the business plan adopted and approved by the Board of Directors. In no event, however,can a participant’s annual cash bonus under the IC Plan exceed 100% of such participant’s basecompensation for the relevant year. No bonus will be payable should performance be equal to orbelow 80% of the relevant goals established by the business plan. In addition, the formula bonusderived as described in the preceding sentences can be further adjusted (up or down) at thediscretion of the Board of Directors by up to one-third of the Target Bonus. All or part of anemployee’s incentive compensation under the IC Plan may, at the discretion of the Board ofDirectors, be paid in the form of shares of the Company’s common stock which may consist ofauthorized but unissued shares of common stock or shares of common stock reacquired by the Companyon the open market.
 

 
At a meeting of the Board of Directors of the Company, held on March 29, 2007, the Board set thegoals for the executive officers who participate in the IC Plan to qualify for a bonus for thefiscal year ended January 31, 2008. Awards under the Plan for the fiscal year ended January 31,2008, will be based upon two performance goals, with 50% of the award based on the achievement of aset net income goal and 50% based on the achievement of a set goal for the return on net assets ofthe Company. The goals for Mr. Kinley to qualify for a bonus for the fiscal year ended January 31,2008 will be set by the Compensation Committee of the Board of Directors. A Form 8-K will be filedto report the goals as soon as they have been set. Mr. Reynolds’ bonus for the fiscal year endedJanuary 31, 2008, if any, will again be determined by the Compensation Committee out of the bonuspool accrued under the Reynolds Plan for fiscal 2008. The bonus pool accrued under the ReynoldsPlan for fiscal 2008 will again be equal to 20% of the net income earned by the Reynolds division,subject to reduction in the event the Reynolds division does not generate earnings before interest,taxes depreciation and amortization (EBITDA) in excess of its EBITDA target for fiscal 2008. TheEBITDA target for the Reynolds division for fiscal 2008 is $16,500,000.
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