Document:

11/98 (R070101)4116820006

EXHIBIT 10.1

 

EQUIPMENT SCHEDULE

(Quasi Lease - Fixed Rate)

SCHEDULE NO. 006

DATED THIS  March 18, 2002

TO MASTER LEASE AGREEMENT

DATED AS OF May 10,

2001

 

	

  Lessor & Mailing Address:

  	

   

  	

  Lessee & Mailing Address:

  
	

  General Electric Capital Corporation

  	

   

  	

  Variagenics, Inc.

  
	

  401 Merritt 7 Suite 23

  	

   

  	

  60 Hamphire Street

  
	

  Norwalk, CT 06856

  	

   

  	

  Cambridge, MA 02139

  

 

This Schedule

is executed pursuant to, and incorporates by reference the terms and conditions

of, and capitalized terms not defined herein shall have the meanings assigned

to them in, the Master Lease Agreement identified above (“Agreement”, said Agreement

and this Schedule being collectively referred to as “Lease”).  This Schedule, incorporating by reference

the Agreement, constitutes a separate instrument of lease.

 

A.      Equipment:

 Subject to the

terms and conditions of the Lease, Lessor agrees to lease to Lessee the

Equipment described below (the “Equipment”).

 

	

  Number

  of Units

  	

   

  	

  Capitalized

  Lessor’s Cost

  	

   

  	

  Manufacturer

  	

   

  	

  Serial Numbers

  	

   

  	

  Year/Model and Type of Equipment

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  

 

SEE EXHIBIT A ATTACHED HERETO AND MADE APART HEREOF.

 

B.            Financial Terms

 

	

  1.

  	

   

  	

  Advance Rent

  (if any):  $14,741.16.

  	

   

  	

  6.

  	

   

  	

  Lessee Federal Tax ID No.: 043182077.

  
	

  2.

  	

   

  	

  Capitalized

  Lessor’s Cost:  $597,358.71.

  	

   

  	

  7.

  	

   

  	

  Last Delivery Date:  3/18/02.

  
	

  3.

  	

   

  	

  Basic Term

  (No. of Months):  48 Months.

  	

   

  	

  8.

  	

   

  	

  Daily Lease Rate Factor:  .0822.

  
	

  4.

  	

   

  	

  Basic Term

  Lease Rate Factor:  2.467723.

  	

   

  	

  9.

  	

   

  	

  Interest Rate: 8.95% per annum.

  
	

  5.

  	

   

  	

  Basic Term

  Commencement Date:  4/1/02.

  	

   

  	

  10.

  	

   

  	

  Option Payment:  $1.00

  

 

11.                                 First

Termination Date:  n/a ()   months after the Basic Term Commencement Date.

 

12.                               Interim

Rent:  For the period from and including

the Lease Commencement Date to the Basic Term Commencement Date (“Interim  Period”), Lessee shall pay as

rent (“Interim

Rent”) for each unit of Equipment, the product of the Daily Lease

Rate Factor times the Capitalized Lessor’s Cost of such unit times the number

of days in the Interim Period.  Interim

Rent shall be due on  4/1/02.

 

13.                               Basic

Term Rent.  Commencing on  4/1/02 and on the same day of each month

thereafter (each, a “Rent Payment Date”) during the Basic Term,

Lessee shall pay as rent (“Basic Term Rent”) the product of the Basic

Term Lease Rate Factor times the Capitalized Lessor’s Cost of all Equipment on

this Schedule.

 

14.                                 Lessee

agrees and acknowledges that the Capitalized Lessor’s Cost of the Equipment as

stated on the Schedule is equal to the fair market value of the Equipment on

the date hereof.

 

C.                                    Interest

Rate:  Interest shall accrue from

the Lease Commencement Date through and including the date of termination of

the Lease.

 

D.            Property Tax

 

PROPERTY TAX NOT APPLICABLE ON EQUIPMENT LOCATED IN CAMBRIDGE, MA.

 

Lessor may

notify Lessee (and Lessee agrees to follow such notification) regarding any

changes in property tax reporting and payment responsibilities.

 

 

E.             Article 2A Notice

 

IN ACCORDANCE WITH THE REQUIREMENTS OF ARTICLE 2A OF THE UNIFORM

COMMERCIAL CODE AS ADOPTED IN THE APPLICABLE STATE, LESSOR HEREBY MAKES THE

FOLLOWING DISCLOSURES TO LESSEE PRIOR TO EXECUTION OF THE LEASE, (A) THE

PERSON(S) SUPPLYING THE EQUIPMENT IS SEE EXHIBIT A ATTACHED HERETO AND MADE APART HEREOF

FOR SUPPLIERS’ NAME. (THE “SUPPLIER(S)”), (B) LESSEE IS ENTITLED TO

THE PROMISES AND WARRANTIES, INCLUDING THOSE OF ANY THIRD PARTY, PROVIDED TO

THE LESSOR BY SUPPLIER(S), WHICH IS SUPPLYING THE EQUIPMENT IN CONNECTION WITH

OR AS PART OF THE CONTRACT BY WHICH LESSOR ACQUIRED THE EQUIPMENT AND (C) WITH

RESPECT TO SUCH EQUIPMENT, LESSEE MAY COMMUNICATE WITH SUPPLIER(S) AND RECEIVE

AN ACCURATE AND COMPLETE STATEMENT OF SUCH PROMISES AND WARRANTIES, INCLUDING

ANY DISCLAIMERS AND LIMITATIONS OF THEM OR OF REMEDIES. TO THE EXTENT PERMITTED

BY APPLICABLE LAW, LESSEE HEREBY WAIVES ANY AND ALL RIGHTS AND REMEDIES

CONFERRED UPON A LESSEE IN ARTICLE 2A AND ANY RIGHTS NOW OR HEREAFTER CONFERRED

BY STATUTE OR OTHERWISE WHICH MAY LIMIT OR MODIFY ANY OF LESSOR’S RIGHTS OR

REMEDIES UNDER THE DEFAULT AND REMEDIES SECTION OF THE AGREEMENT.

 

F.             Stipulated Loss and Termination

Value Table*

 

	

  Rental

  Basic

  	

   

  	

  Termination

  Value

  Percentage

  	

   

  	

  Stipulated

  Loss Value

  Percentage

  	

   

  	

  Rental

  	

   

  	

  Termination

  Value

  Percentage

  	

   

  	

  Stipulated

  Loss Value

  Percentage

  	

   

  
	

  1

  	

   

  	

  100.532

  	

   

  	

  104.506

  	

   

  	

  25

  	

   

  	

  54.979

  	

   

  	

  57.483

  	

   

  
	

  2

  	

   

  	

  98.792

  	

   

  	

  102.704

  	

   

  	

  26

  	

   

  	

  52.899

  	

   

  	

  55.342

  	

   

  
	

  3

  	

   

  	

  97.039

  	

   

  	

  100.890

  	

   

  	

  27

  	

   

  	

  50.803

  	

   

  	

  53.185

  	

   

  
	

  4

  	

   

  	

  95.272

  	

   

  	

  99.062

  	

   

  	

  28

  	

   

  	

  48.692

  	

   

  	

  51.013

  	

   

  
	

  5

  	

   

  	

  93.493

  	

   

  	

  97.221

  	

   

  	

  29

  	

   

  	

  46.565

  	

   

  	

  48.824

  	

   

  
	

  6

  	

   

  	

  91.700

  	

   

  	

  95.367

  	

   

  	

  30

  	

   

  	

  44.422

  	

   

  	

  46.620

  	

   

  
	

  7

  	

   

  	

  89.894

  	

   

  	

  93.500

  	

   

  	

  31

  	

   

  	

  42.264

  	

   

  	

  44.400

  	

   

  
	

  8

  	

   

  	

  88.074

  	

   

  	

  91.619

  	

   

  	

  32

  	

   

  	

  40.089

  	

   

  	

  42.164

  	

   

  
	

  9

  	

   

  	

  86.241

  	

   

  	

  89.725

  	

   

  	

  33

  	

   

  	

  37.898

  	

   

  	

  39.912

  	

   

  
	

  10

  	

   

  	

  84.394

  	

   

  	

  87.817

  	

   

  	

  34

  	

   

  	

  35.690

  	

   

  	

  37.643

  	

   

  
	

  11

  	

   

  	

  82.533

  	

   

  	

  85.895

  	

   

  	

  35

  	

   

  	

  33.466

  	

   

  	

  35.358

  	

   

  
	

  12

  	

   

  	

  80.659

  	

   

  	

  83.959

  	

   

  	

  36

  	

   

  	

  31.226

  	

   

  	

  33.056

  	

   

  
	

  13

  	

   

  	

  78.770

  	

   

  	

  82.009

  	

   

  	

  37

  	

   

  	

  28.969

  	

   

  	

  30.738

  	

   

  
	

  14

  	

   

  	

  76.868

  	

   

  	

  80.045

  	

   

  	

  38

  	

   

  	

  26.695

  	

   

  	

  28.403

  	

   

  
	

  15

  	

   

  	

  74.951

  	

   

  	

  78.067

  	

   

  	

  39

  	

   

  	

  24.404

  	

   

  	

  26.051

  	

   

  
	

  16

  	

   

  	

  73.020

  	

   

  	

  76.075

  	

   

  	

  40

  	

   

  	

  22.095

  	

   

  	

  23.681

  	

   

  
	

  17

  	

   

  	

  71.074

  	

   

  	

  74.068

  	

   

  	

  41

  	

   

  	

  19.770

  	

   

  	

  21.295

  	

   

  
	

  18

  	

   

  	

  69.114

  	

   

  	

  72.047

  	

   

  	

  42

  	

   

  	

  17.428

  	

   

  	

  18.891

  	

   

  
	

  19

  	

   

  	

  67.140

  	

   

  	

  70.011

  	

   

  	

  43

  	

   

  	

  15.067

  	

   

  	

  16.469

  	

   

  
	

  20

  	

   

  	

  65.150

  	

   

  	

  67.961

  	

   

  	

  44

  	

   

  	

  12.690

  	

   

  	

  14.031

  	

   

  
	

  21

  	

   

  	

  63.146

  	

   

  	

  65.895

  	

   

  	

  45

  	

   

  	

  10.294

  	

   

  	

  11.574

  	

   

  
	

  22

  	

   

  	

  61.127

  	

   

  	

  63.815

  	

   

  	

  46

  	

   

  	

  7.881

  	

   

  	

  9.099

  	

   

  
	

  23

  	

   

  	

  59.093

  	

   

  	

  61.720

  	

   

  	

  47

  	

   

  	

  5.450

  	

   

  	

  6.607

  	

   

  
	

  24

  	

   

  	

  57.044

  	

   

  	

  59.609

  	

   

  	

  48

  	

   

  	

  3.000

  	

   

  	

  4.096

  	

   

  

 

*The

Stipulated Loss Value or Termination Value for any unit of Equipment shall be

the Capitalized Lessor’s Cost of such unit multiplied by the appropriate

percentage derived from the above table. 

In the event that the Lease is for any reason extended, then the last

percentage figure shown above shall control throughout any such extended term.

 

2

 

G.            Payment Authorization

 

You are hereby

irrevocably authorized and directed to deliver and apply the proceeds due under

this Schedule as follows:

 

	

  Company

  Name

  	

   

  	

  Address

  	

   

  	

  Amount

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Variagenics, Inc.

  	

   

  	

  60 Hampshire Street, Cambridge, MA 

  02139

  	

   

  	

  $

  	

  582,617.55

  	

   

  
	

  General Electric Capital Corporation

  	

   

  	

  401 Merritt 7, Suite 23, Norwalk, CT 

  06856

  	

   

  	

  $

  	

  14,741.16

  	

   

  

 

This

authorization and direction is given pursuant to the same authority authorizing

the above-mentioned financing.

 

Pursuant

to the provisions of the lease, as it relates to this Schedule, Lessee hereby

certifies and warrants that (i) all Equipment listed above is in good condition

and appearance, has been delivered and installed (if applicable) as of the date

stated above and in working order; (ii) Lessee has inspected the Equipment, and

all such testing as it deems necessary has been performed by Lessee, Supplier

or the manufacturer; and (iii) Lessee accepts the Equipment for all purposes of

the Lease and all attendant documents.

 

Lessee does further certify that as of the

date hereof (i) Lessee is not in default under the Lease; and (ii) the

representations and warranties made by Lessee pursuant to or under the Lease

are true and correct on the date hereof.

 

Lessee hereby

authorizes Lessor to file a financing statement and amendments thereto

describing the Equipment described in this Schedule and adding any other

collateral described herein and containing any other information required by

the applicable Uniform Commercial Code. 

Further, Lessee irrevocably grants to Lessor the power to sign Lessee’s

name and generally to act on behalf of Lessee to execute and file financing

statements and other documents pertaining to any or all of the Equipment.

 

Except as expressly

modified hereby, all terms and provisions of the Agreement shall remain in full

force and effect.  This Schedule is not

binding or effective with respect to the Agreement or Equipment until executed

on behalf of Lessor and Lessee by authorized representatives of Lessor and

Lessee, respectively.

 

IN WITNESS WHEREOF,

Lessee and Lessor have caused this Schedule to be executed by their duly

authorized representatives as of the date first above written.

 

	

   

  	

  LESSOR:

  	

   

  	

  LESSEE:

  	 

	

   

  	

  General Electric Capital Corporation

  	

   

  	

  Variagenics, Inc.

  	 

	

   

  	

   

  	

   

  	 

	

   

  	

  By:

  	

  /s/  JOHN EDEL

  	

   

  	

  By:

  	

  /s/ Richard P. Shea

  
	

   

  	

   

  	

   

  
	

   

  	

  Name:

  	

  John Edel

  	

   

  	

  Name:

  	

  Richard P. Shea

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

  Title:

  	

  SVP

  	

   

  	

  Title:

  	

  CHIEF FINANCIAL OFFICER

  
											

 

3

 

Exhibit A

Schedule 06

 

Company Name                    Variagenics, Inc

Equipment Location:           60 Hampshire st

                                                Cambridge,

MA 02139

 

	

  Item#

  	

   

  	

  Supplier

  	

   

  	

  Equip

  Code

  	

   

  	

  Description

  	

   

  	

  QTY

  	

   

  	

  Serial  #

  	

   

  	

  Unit

  Price

  	

   

  	

  Ext

  Price

  	

   

  	

  Invoice

  Total

  	

   

  	

  Vendor

  Total

  	

   

  	

  PO #

  	

   

  	

  Invoice #

  	

   

  	

  Inv Date

  	

   

  	

  Ck #

  	

   

  	

  Ck Amt

  	

   

  	

  Depreciated Amount

  	

   

  
	

  1

  	

   

  	

  ABI

  	

   

  	

  LAB

  	

   

  	

  7900HT SDS 96 Well 200-240V

  	

   

  	

  1

  	

   

  	

  200325

  	

   

  	

  90,000.00

  	

   

  	

  90,000.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  8313

  	

   

  	

  91403021

  	

   

  	

  11/16/01

  	

   

  	

  16649

  	

   

  	

  146,298.17

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  KIT, Upgrade 384 Well

  Cycler 7900HT

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  5,000.00

  	

   

  	

  5,000.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  600.00

  	

   

  	

  600.00

  	

   

  	

  $

  	

   95,600.00

  	

   

  	

  $

  	

  95,600.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  95,600.00

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  3

  	

   

  	

  BOC

  Gases

  	

   

  	

  LAB

  	

   

  	

  Manifold for Tissue Culture

  lab

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  3,515.00

  	

   

  	

  3,515.00

  	

   

  	

  $

  	

  3,515.00

  	

   

  	

  $

  	

  3,515.00

  	

   

  	

  8135

  	

   

  	

  350484

  	

   

  	

  11/5/01

  	

   

  	

  16473

  	

   

  	

  3,515.00

  	

   

  	

  $

  	

  3,515.00

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  4

  	

   

  	

  Bruker

  	

   

  	

  LAB

  	

   

  	

  Bruker BioFlex III

  	

   

  	

  1

  	

   

  	

  BT27230

  	

   

  	

  151,194.00

  	

   

  	

  151,194.00

  	

   

  	

  $

  	

  30,238.90

  	

   

  	

   

  	

   

  	

  7178

  	

   

  	

  003483

  	

   

  	

  9/28/01

  	

   

  	

  14111

  	

   

  	

  30,239.00

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  90,716.70

  	

   

  	

   

  	

   

  	

  7178

  	

   

  	

  003225

  	

   

  	

  6/8/01

  	

   

  	

  14255

  	

   

  	

  90,716.70

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  30,238.90

  	

   

  	

   

  	

   

  	

  7178

  	

   

  	

  003130

  	

   

  	

  4/30/01

  	

   

  	

  13543

  	

   

  	

  30,238.90

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  Scout 384

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  25,000.00

  	

   

  	

  25,000.00

  	

   

  	

  $

  	

  25,000.00

  	

   

  	

  $

  	

  176,194.50

  	

   

  	

   

  	

   

  	

  1290000339

  	

   

  	

  11/14/01

  	

   

  	

  16656

  	

   

  	

  25,000.00

  	

   

  	

  $

  	

  164,098.94

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  5

  	

   

  	

  Carl

  Zeiss MicroImaging

  	

   

  	

  LAB

  	

   

  	

  Palm Robot-Microbeam

  	

   

  	

  1

  	

   

  	

  000611

  	

   

  	

  160,638.00

  	

   

  	

  160,638.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  8291

  	

   

  	

  42006554

  	

   

  	

  12/6/01

  	

   

  	

  16817

  	

   

  	

  170,155.50

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  A-Plan 5x/.12

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  319.00

  	

   

  	

  319.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  Fluar 20x/.75

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  2,364.00

  	

   

  	

  2,364.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  Installation/Introduction

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  6,120.00

  	

   

  	

  6,120.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  714.50

  	

   

  	

  714.50

  	

   

  	

  $

  	

  170,155.50

  	

   

  	

  $

  	

  170,155.50

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  170,155.50

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  12

  	

   

  	

  MJ Research

  	

   

  	

  LAB

  	

   

  	

  DNA Engine Thermal Cycler

  	

   

  	

  1

  	

   

  	

  EN016383

  	

   

  	

  5,495.00

  	

   

  	

  5,495.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  8312

  	

   

  	

  203653

  	

   

  	

  11/27/01

  	

   

  	

  16751

  	

   

  	

  7,517.00

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  Alpha Engine, 96V

  	

   

  	

  1

  	

   

  	

  AL048008

  	

   

  	

  1,995.00

  	

   

  	

  1,995.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  27.00

  	

   

  	

  27.00

  	

   

  	

  $

  	

  7,517.00

  	

   

  	

  $

  	

  7,517.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  7,517.00

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  13

  	

   

  	

  Optical

  Analysis Corp.

  	

   

  	

  LAB

  	

   

  	

  SZ6045; Stereo Body, Zoom

  1.0-6.3x, Zoom Ratio 6.3:1

  	

   

  	

  1

  	

   

  	

  120941

  	

   

  	

  1,897.00

  	

   

  	

  1,897.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  8123

  	

   

  	

  0213253-IN

  	

   

  	

  10/31/01

  	

   

  	

  16402

  	

   

  	

  3,477.77

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  GSWH10X; GSWH 10X Eyepiece

  	

   

  	

  2

  	

   

  	

   

  	

   

  	

  112.00

  	

   

  	

  224.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  Large Reflected Light Base

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  559.00

  	

   

  	

  559.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  SZ-STB1;B&L Style

  Bonder Arm for SZ Stereos

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  225.00

  	

   

  	

  225.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  Adapter for Large Table

  Stand SZ-STL

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  69.00

  	

   

  	

  69.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  Fostec Light Source

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  325.00

  	

   

  	

  325.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  JCR21V-150W Projector Lamp

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  30.00

  	

   

  	

  30.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  Gooseneck, Dual, Chrome

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  188.00

  	

   

  	

  188.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  Spot Lens

  	

   

  	

  2

  	

   

  	

   

  	

   

  	

  31.00

  	

   

  	

  62.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  LAB

  	

   

  	

  B&W Stage Plate for

  Stereos

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  19.00

  	

   

  	

  19.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  Misc

  	

   

  	

  Discount

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  -181.40

  	

   

  	

  -181.40

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  31.17

  	

   

  	

  31.17

  	

   

  	

  $

  	

  3,447.77

  	

   

  	

  $

  	

  3,447.77

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  3,477.77

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  15

  	

   

  	

  Packard

  Instrument

  	

   

  	

  LAB

  	

   

  	

  Multiprobe II HT EX

  w/computer

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  150,040.00

  	

   

  	

  150,040.00

  	

   

  	

  $

  	

  150,040.00

  	

   

  	

  $

  	

  150,040.00

  	

   

  	

  7207

  	

   

  	

  2040137B

  	

   

  	

  6/15/01

  	

   

  	

  15147

  	

   

  	

  150,040.00

  	

   

  	

  $

  	

  135,036.00

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  17

  	

   

  	

  VWR

  	

   

  	

  LAB

  	

   

  	

  17.2ft Freezer

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  4,882.50

  	

   

  	

  4,882.50

  	

   

  	

  $

  	

  4,882.50

  	

   

  	

   

  	

   

  	

  7875

  	

   

  	

  8642473

  	

   

  	

  8/24/01

  	

   

  	

  14981

  	

   

  	

  10,369.82

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  VWR

  	

   

  	

  LAB

  	

   

  	

  FRZR UPRT VAL 17.2ft

  	

   

  	

  1

  	

   

  	

  x01L-549554-xl

  	

   

  	

  6,300.00

  	

   

  	

  6,300.00

  	

   

  	

  $

  	

  6,300.00

  	

   

  	

   

  	

   

  	

  8026

  	

   

  	

  8857350

  	

   

  	

  9/19/01

  	

   

  	

  15231

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  VWR

  	

   

  	

  LAB

  	

   

  	

  Primus 96 w/ High Pressure

  Lid

  	

   

  	

  1

  	

   

  	

  015.0801.1358

  	

   

  	

  6,776.00

  	

   

  	

  6,776.00

  	

   

  	

  $

  	

  6,776.00

  	

   

  	

  $

  	

  17,958.50

  	

   

  	

  8245

  	

   

  	

  9323422

  	

   

  	

  11/1/01

  	

   

  	

  16779

  	

   

  	

  10,192.80

  	

   

  	

  $

  	

  17,958.50

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  FUNDING

  TOTAL

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  624,427.77

  	

   

  	

  $

  	

  624,427.77

  	

   

  	

  $

  	

  624,427.77

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  597,358.71

  	

   

  
																																						

 

	

   

  
	

  Variagenics, Inc.

  
	

  BY:

  	

  /s/  RPS

  	

   

  
	

  TITLE:

  	

    CFO

  	

   

  
	

   

  
				

 

4

 

ANNEX B

 

BILL OF SALE

 

FOR Five Hundred Ninety Seven Thousand Three

Hundred Fifty Eight and —71/00 ($597,358.71) AND OTHER VALUABLE CONSIDERATION,

the receipt and sufficiency of which are hereby acknowledged, VARIAGENICS,

INC. (the “Seller”) does hereby sell, transfer and deliver to General

Electric Capital Corporation (the “Buyer”), its successors and

assigns, all of Seller’s right, title and interest in and to the following

equipment (the “Equipment”):

 

SEE EXHIBIT A ATTACHED HERETO AND MADE A PART

HEREOF

 

TO HAVE AND TO HOLD

the same unto the Buyer, its successors and assigns, forever.

 

The Seller warrants and

represents that it owns (and has good and marketable title to) the Equipment

free and clear of all liens and encumbrances, and has full power, right and

authority to convey title thereto to the Buyer.  The foregoing warranty of title shall inure to the benefit of any

purchaser of the Equipment from the Buyer and to General Electric Capital

Corporation which is financing the purchase of the Equipment by the Buyer.

 

Except for the

foregoing warranty of title, the Equipment is sold, “AS-IS”, “WHERE-IS”,

without warranty of merchantability or fitness.

 

IN WITNESS WHEREOF,

the Seller has caused this Bill of Sale to be executed by a duly authorized

officer this           day of

                ,

 

	

   

  	

  VARIAGENICS, INC.

  	

   

  	

   

  	 

	

   

  	

  (Seller)

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

    /s/ Richard P. Shea

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  Title:

  	

    Chief Financial Officer

  	

   

  	

   

  
	

   

  	

   

  	

   

  
										

 

5

 

EQUIPMENT SCHEDULE

(Quasi Lease - Fixed Rate)

SCHEDULE NO. 007

DATED THIS March

18, 2002

TO MASTER LEASE

AGREEMENT

DATED AS OF May 10,

2001

 

	

  Lessor & Mailing Address:

  	

   

  	

  Lessee & Mailing Address:

  	

   

  
	

  General Electric Capital Corporation

  	

  Variagenics, Inc.

  
	

  401 Merritt 7 Suite 23

  	

  60 Hamphire Street

  
	

  Norwalk, CT 06856

  	

  Cambridge, MA 02139

  

 

This Schedule

is executed pursuant to, and incorporates by reference the terms and conditions

of, and capitalized terms not defined herein shall have the meanings assigned

to them in, the Master Lease Agreement identified above (“Agreement”, said Agreement

and this Schedule being collectively referred to as “Lease”).  This Schedule, incorporating by reference

the Agreement, constitutes a separate instrument of lease.

 

A.      Equipment:

 Subject to the

terms and conditions of the Lease, Lessor agrees to lease to Lessee the

Equipment described below (the “Equipment”).

 

	

  Number

  of Units

  	

   

  	

  Capitalized

  Lessor’s Cost

  	

   

  	

  Manufacturer

  	

   

  	

  Serial

  Numbers

  	

   

  	

  Year/Model

  and Type of Equipment

  

 

SEE EXHIBIT A ATTACHED HERETO AND MADE APART HEREOF.

 

B.            Financial

Terms

	

  1.

  	

   

  	

  Advance Rent (if any):  $3,288.10.

  	

   

  	

  6.

  	

   

  	

  Lessee Federal Tax ID No.: 043182077.

  
	

  2.

  	

   

  	

  Capitalized Lessor’s Cost:  $104,696.16.

  	

   

  	

  7.

  	

   

  	

  Last Delivery Date: 3/18/02.

  
	

  3.

  	

   

  	

  Basic Term (No. of Months):  36

  Months.

  	

   

  	

  8.

  	

   

  	

  Daily Lease Rate Factor:  .1046.

  
	

  4.

  	

   

  	

  Basic Term Lease Rate Factor:  3.140609.

  	

   

  	

  9.

  	

   

  	

  Interest Rate: 8.64% per annum.

  
	

  5.

  	

   

  	

  Basic Term Commencement Date:  4/1/02.

  	

   

  	

  10.

  	

   

  	

  Option Payment:  $1.00

  

 

11.                                 First

Termination Date:  n/a ()   months after the Basic Term Commencement Date.

 

12.                               Interim

Rent:  For the period from and including

the Lease Commencement Date to the Basic Term Commencement Date (“Interim  Period”), Lessee shall pay as

rent (“Interim

Rent”) for each unit of Equipment, the product of the Daily Lease

Rate Factor times the Capitalized Lessor’s Cost of such unit times the number

of days in the Interim Period.  Interim

Rent shall be due on 4/1/02.

 

13.                               Basic

Term Rent.  Commencing on 4/1/02

and on the same day of each month thereafter (each, a “Rent Payment Date”) during

the Basic Term, Lessee shall pay as rent (“Basic Term Rent”) the product of the Basic

Term Lease Rate Factor times the Capitalized Lessor’s Cost of all Equipment on

this Schedule.

 

14.                                 Lessee

agrees and acknowledges that the Capitalized Lessor’s Cost of the Equipment as

stated on the Schedule is equal to the fair market value of the Equipment on

the date hereof.

 

C.                                    Interest

Rate:  Interest shall accrue from

the Lease Commencement Date through and including the date of termination of

the Lease.

 

D.                                    Property

Tax

 

PROPERTY TAX NOT APPLICABLE ON EQUIPMENT LOCATED IN CAMBRIDGE, MA.

 

Lessor may

notify Lessee (and Lessee agrees to follow such notification) regarding any

changes in property tax reporting and payment responsibilities.

 

6

 

E.             Article 2A Notice

 

IN ACCORDANCE WITH THE REQUIREMENTS OF ARTICLE 2A OF THE UNIFORM

COMMERCIAL CODE AS ADOPTED IN THE APPLICABLE STATE, LESSOR HEREBY MAKES THE

FOLLOWING DISCLOSURES TO LESSEE PRIOR TO EXECUTION OF THE LEASE, (A) THE

PERSON(S) SUPPLYING THE EQUIPMENT IS SEE EXHIBIT A ATTACHED HERETO AND MADE APART HEREOF

FOR SUPPLIERS’ NAME. (THE “SUPPLIER(S)”), (B) LESSEE IS ENTITLED TO

THE PROMISES AND WARRANTIES, INCLUDING THOSE OF ANY THIRD PARTY, PROVIDED TO

THE LESSOR BY SUPPLIER(S), WHICH IS SUPPLYING THE EQUIPMENT IN CONNECTION WITH

OR AS PART OF THE CONTRACT BY WHICH LESSOR ACQUIRED THE EQUIPMENT AND (C) WITH

RESPECT TO SUCH EQUIPMENT, LESSEE MAY COMMUNICATE WITH SUPPLIER(S) AND RECEIVE

AN ACCURATE AND COMPLETE STATEMENT OF SUCH PROMISES AND WARRANTIES, INCLUDING

ANY DISCLAIMERS AND LIMITATIONS OF THEM OR OF REMEDIES. TO THE EXTENT PERMITTED

BY APPLICABLE LAW, LESSEE HEREBY WAIVES ANY AND ALL RIGHTS AND REMEDIES

CONFERRED UPON A LESSEE IN ARTICLE 2A AND ANY RIGHTS NOW OR HEREAFTER CONFERRED

BY STATUTE OR OTHERWISE WHICH MAY LIMIT OR MODIFY ANY OF LESSOR’S RIGHTS OR

REMEDIES UNDER THE DEFAULT AND REMEDIES SECTION OF THE AGREEMENT.

 

F.             Stipulated Loss and Termination

Value Table*

 

	

  Rental

  Basic

  	

   

  	

  Termination

  Value
Percentage

  	

   

  	

  Stipulated

  Loss Value
Percentage

  	

   

  	

  Rental

  	

   

  	

  Termination

  Value
Percentage

  	

   

  	

  Stipulated

  Loss Value

  Percentage

  	

   

  
	

  1

  	

   

  	

  99.859

  	

   

  	

  103.824

  	

   

  	

  19

  	

   

  	

  53.084

  	

   

  	

  55.589

  	

   

  
	

  2

  	

   

  	

  97.416

  	

   

  	

  101.300

  	

   

  	

  20

  	

   

  	

  50.304

  	

   

  	

  52.728

  	

   

  
	

  3

  	

   

  	

  94.955

  	

   

  	

  98.758

  	

   

  	

  21

  	

   

  	

  47.504

  	

   

  	

  49.847

  	

   

  
	

  4

  	

   

  	

  92.477

  	

   

  	

  96.198

  	

   

  	

  22

  	

   

  	

  44.684

  	

   

  	

  46.946

  	

   

  
	

  5

  	

   

  	

  89.980

  	

   

  	

  93.621

  	

   

  	

  23

  	

   

  	

  41.843

  	

   

  	

  44.024

  	

   

  
	

  6

  	

   

  	

  87.466

  	

   

  	

  91.026

  	

   

  	

  24

  	

   

  	

  38.982

  	

   

  	

  41.082

  	

   

  
	

  7

  	

   

  	

  84.934

  	

   

  	

  88.412

  	

   

  	

  25

  	

   

  	

  36.101

  	

   

  	

  38.119

  	

   

  
	

  8

  	

   

  	

  82.383

  	

   

  	

  85.780

  	

   

  	

  26

  	

   

  	

  33.198

  	

   

  	

  35.136

  	

   

  
	

  9

  	

   

  	

  79.814

  	

   

  	

  83.130

  	

   

  	

  27

  	

   

  	

  30.275

  	

   

  	

  32.132

  	

   

  
	

  10

  	

   

  	

  77.226

  	

   

  	

  80.461

  	

   

  	

  28

  	

   

  	

  27.331

  	

   

  	

  29.107

  	

   

  
	

  11

  	

   

  	

  74.620

  	

   

  	

  77.774

  	

   

  	

  29

  	

   

  	

  24.365

  	

   

  	

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  12

  	

   

  	

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  75.068

  	

   

  	

  30

  	

   

  	

  21.379

  	

   

  	

  22.992

  	

   

  
	

  13

  	

   

  	

  69.351

  	

   

  	

  72.343

  	

   

  	

  31

  	

   

  	

  18.370

  	

   

  	

  19.903

  	

   

  
	

  14

  	

   

  	

  66.689

  	

   

  	

  69.599

  	

   

  	

  32

  	

   

  	

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  16.792

  	

   

  
	

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  33

  	

   

  	

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  13.659

  	

   

  
	

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  64.054

  	

   

  	

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*The Stipulated Loss Value or

Termination Value for any unit of Equipment shall be the Capitalized Lessor’s

Cost of such unit multiplied by the appropriate percentage derived from the

above table.  In the event that the

Lease is for any reason extended, then the last percentage figure shown above

shall control throughout any such extended term.

 

G.            Payment Authorization

 

You are hereby

irrevocably authorized and directed to deliver and apply the proceeds due under

this Schedule as follows:

 

	

  Company

  Name

  	

   

  	

  Address

  	

   

  	

  Amount

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Variagenics, Inc.

  	

   

  	

  60 Hampshire Street, Cambridge, MA 

  02139

  	

   

  	

  $

  	

  101,408.06

  	

   

  
	

  General Eletric Capital Corporation

  	

   

  	

  401 Merritt 7, Suite 23, Norwalk, CT 

  06856

  	

   

  	

  $

  	

  3,288.10

  	

   

  

 

This

authorization and direction is given pursuant to the same authority authorizing

the above-mentioned financing.

 

7

 

Pursuant to the provisions of the lease, as

it relates to this Schedule, Lessee hereby certifies and warrants that (i) all

Equipment listed above is in good condition and appearance, has been delivered

and installed (if applicable) as of the date stated above and in working order;

(ii) Lessee has inspected the Equipment, and all such testing as it deems

necessary has been performed by Lessee, Supplier or the manufacturer; and (iii)

Lessee accepts the Equipment for all purposes of the Lease and all attendant

documents.

 

Lessee does further certify that as of the

date hereof (i) Lessee is not in default under the Lease; and (ii) the

representations and warranties made by Lessee pursuant to or under the Lease

are true and correct on the date hereof.

 

Lessee hereby

authorizes Lessor to file a financing statement and amendments thereto

describing the Equipment described in this Schedule and adding any other

collateral described herein and containing any other information required by

the applicable Uniform Commercial Code. 

Further, Lessee irrevocably grants to Lessor the power to sign Lessee’s

name and generally to act on behalf of Lessee to execute and file financing

statements and other documents pertaining to any or all of the Equipment.

 

Except as

expressly modified hereby, all terms and provisions of the Agreement shall

remain in full force and effect.  This

Schedule is not binding or effective with respect to the Agreement or Equipment

until executed on behalf of Lessor and Lessee by authorized representatives of

Lessor and Lessee, respectively.

 

IN WITNESS WHEREOF,

Lessee and Lessor have caused this Schedule to be executed by their duly

authorized representatives as of the date first above written.

 

	

  LESSOR:

  	

   

  	

  LESSEE:

  	 

	

  General Electric Capital Corporation

  	

   

  	

  Variagenics, Inc.

  	 

	

   

  	

   

  	

   

  	 

	

  By: 

  	

  /s/  John Edel

  	

   

  	

  By:

  	

  /s/ 

  Richard P. Shea

  
	

   

  	

   

  	

   

  	

   

  
	

  Name: 

  	

  John Edel

  	

   

  	

  Name:

  	

  Richard P. Shea

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Title: 

  	

  SVP

  	

   

  	

  Title:

  	

  CHIEF FINANCIAL OFFICER

  
									

 

8

 

Exhibit A

Schedule 07

 

Company Name                    Variagenics, Inc

Equipment Location:           60 Hampshire st

                                                Cambridge,

MA 02139

	

   

  	

   

  	

   

  	

   

  	

  Equip

  Code

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  Unit

  Price

  	

   

  	

  Ext.

  Price

  	

   

  	

  Invoice  

  Total

  	

   

  	

  Vendor

  Total

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Item#

  	

   

  	

  Supplier

  	

   

  	

   

  	

  Description

  	

   

  	

  QTY

  	

   

  	

  Serial  #

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  PO #

  	

   

  	

  Invoice #

  	

   

  	

  Inv Date

  	

   

  	

  CK#

  	

   

  	

  CK

  Amount

  	

  Depreciated

  Amoumt

  	

   

  
	

  2

  	

   

  	

  ADTech

  	

   

  	

  OFC

  	

   

  	

  Cable

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  80.00

  	

   

  	

  80.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  8136

  	

   

  	

  101317

  	

   

  	

  11/20/01

  	

   

  	

  16801

  	

   

  	

  5,589.00

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  OFC

  	

   

  	

  FS-2000

  Conference technology soundman sys

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  2,450.00

  	

   

  	

  2,450.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

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  1,850.00

  	

   

  	

  1,850.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  SOFT

  	

   

  	

  Installation

  Labor

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  880.00

  	

   

  	

  880.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  SOFT

  	

   

  	

  General

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  1

  	

   

  	

   

  	

   

  	

  110.00

  	

   

  	

  110.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  TAX

  	

   

  	

  Sales

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  1

  	

   

  	

   

  	

   

  	

  219.00

  	

   

  	

  219.00

  	

   

  	

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  5,589.00

  	

   

  	

  $

  	

  5,589.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

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  124.99

  	

   

  	

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  15196

  	

   

  	

  7,916.00

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

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  OBI-IBM

  TP 24x-10x CDR Ultrabay 2000

  	

   

  	

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  128 MB IBM TP 390x Series

  	

   

  	

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  34.99

  	

   

  	

  349.90

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

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  TP A22E 6/800 15 GB 64MB w98

  	

   

  	

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  1s265525u78ff234,

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  1,279.99

  	

   

  	

  6,399.95

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

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  Illustrator v9.0

  	

   

  	

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  388.70

  	

   

  	

  388.70

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

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  research endnote v5

  	

   

  	

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  8228

  	

   

  	

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  11/29/01

  	

   

  	

  16378

  	

   

  	

  5,561.00

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

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  128MB APPLE Power book G3 2000

  	

   

  	

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  36.99

  	

   

  	

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  10/15/01

  	

   

  	

  15263

  	

   

  	

  2,217.03

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  90.00

  	

   

  	

  90.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  TAX

  	

   

  	

  Sales

  Tax

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  91.86

  	

   

  	

  91.86

  	

   

  	

  $

  	

  1,928.86

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  SOFT

  	

   

  	

  MOL-5.0

  Open Bus. Project 200 VLIC

  	

   

  	

  9

  	

   

  	

   

  	

   

  	

  329.58

  	

   

  	

  2,966.22

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  8248

  	

   

  	

  684725401

  	

   

  	

  11/4/01

  	

   

  	

  16382

  	

   

  	

  3,493.53

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  SOFT

  	

   

  	

  MOL-5.0

  Open Bus. Visio Pro 20 02 VLIC

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  356.94

  	

   

  	

  356.94

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  SOFT

  	

   

  	

  MOL-5.0

  Open Bus. Visio Pro 20 02 VLIC

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  0.01

  	

   

  	

  0.01

  	

   

  	

  $

  	

  3,323.17

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  Dell PowerEdge 1550,

  1GHz/133

  	

   

  	

  1

  	

   

  	

  C0RH111

  	

   

  	

  3,033.00

  	

   

  	

  3,033.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  692440597

  	

   

  	

  11/26/01

  	

   

  	

  16736

  	

   

  	

  3,289.65

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  100.00

  	

   

  	

  100.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  TAX

  	

   

  	

  Tax

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  156.65

  	

   

  	

  156.65

  	

   

  	

  $

  	

  3,289.65

  	

   

  	

  $

  	

  20,443.45

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  20,443.45

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  8

  	

   

  	

  General

  Technics

  	

   

  	

  COMP

  	

   

  	

  IPC

  Case 3 Bay 1 U ATX 200W

  	

   

  	

  10

  	

   

  	

   

  	

   

  	

  216.75

  	

   

  	

  2,167.50

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  7702

  	

   

  	

  26960

  	

   

  	

  7/18/01

  	

   

  	

  14481

  	

   

  	

  16,421.22

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  Intell

  PIII FC uATX MB, Video Lan Audio

  	

   

  	

  10

  	

   

  	

   

  	

   

  	

  190.00

  	

   

  	

  1,900.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  Intell

  PIII FC 800 MHz CPU

  	

   

  	

  10

  	

   

  	

   

  	

   

  	

  219.75

  	

   

  	

  2,197.50

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  Super

  Copper Coller

  	

   

  	

  10

  	

   

  	

   

  	

   

  	

  10.75

  	

   

  	

  107.50

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  256mb

  PC133 SDRAM DIMM Memory

  	

   

  	

  20

  	

   

  	

   

  	

   

  	

  68.00

  	

   

  	

  1,360.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  1.44m

  Floppy Drive (3.5)

  	

   

  	

  10

  	

   

  	

   

  	

   

  	

  24.00

  	

   

  	

  240.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  63.90

  	

   

  	

  63.90

  	

   

  	

  $

  	

  8,036.40

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  IPC

  Case 3 Bay 1 U ATX 200W

  	

   

  	

  10

  	

   

  	

   

  	

   

  	

  216.75

  	

   

  	

  2,167.50

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  7621

  	

   

  	

  2685

  	

   

  	

   

  	

   

  	

  14481

  	

   

  	

  16,421.22

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  Intell

  PIII FC uATX MB, Video Lan Audio

  	

   

  	

  10

  	

   

  	

   

  	

   

  	

  190.00

  	

   

  	

  1,900.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  Intell

  PIII FC 800 MHz CPU

  	

   

  	

  10

  	

   

  	

   

  	

   

  	

  232.50

  	

   

  	

  2,325.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  Super

  Copper Coller

  	

   

  	

  10

  	

   

  	

   

  	

   

  	

  10.75

  	

   

  	

  107.50

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  256mb

  PC133 SDRAM DIMM Memory

  	

   

  	

  20

  	

   

  	

   

  	

   

  	

  79.00

  	

   

  	

  1,580.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  1.44m

  Floppy Drive (3.5)

  	

   

  	

  10

  	

   

  	

   

  	

   

  	

  24.00

  	

   

  	

  240.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  64.82

  	

   

  	

  64.82

  	

   

  	

  $

  	

  8,384.82

  	

   

  	

  $

  	

  16,421.22

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  14,779.10

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  9

  	

   

  	

  Image

  Technology

  	

   

  	

  COMP

  	

   

  	

  Print/Scan

  System

  	

   

  	

  1

  	

   

  	

  023BJ003

  	

   

  	

  2,995.00

  	

   

  	

  2,995.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  12635A

  1

  	

   

  	

  9/18/01

  	

   

  	

  14946

  	

   

  	

  3,144.75

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  TAX

  	

   

  	

  Tax

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  149.75

  	

   

  	

  149.75

  	

   

  	

  $

  	

  3,144.75

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  Ricoh

  Fax

  	

   

  	

  1

  	

   

  	

  430271

  	

   

  	

  1,175.00

  	

   

  	

  1,175.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  8418

  	

   

  	

  13770A

  1

  	

   

  	

  12/11/01

  	

   

  	

  16844

  	

   

  	

  1,563.75

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  TAX

  	

   

  	

  Tax

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  58.75

  	

   

  	

  58.75

  	

   

  	

  $

  	

  1,233.75

  	

   

  	

  $

  	

  4,378.50

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  4,378.50

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  10

  	

   

  	

  Laboratory System Inc.

  	

   

  	

  COMP

  	

   

  	

  Isalnd

  Bench Assembly

  	

   

  	

  2

  	

   

  	

   

  	

   

  	

   10,820.00

  	

   

  	

  21,640.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  7818

  	

   

  	

  1750

  	

   

  	

  11/6/01

  	

   

  	

  16443

  	

   

  	

  26,510.00

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  3,788.00

  	

   

  	

  3,788.00

  	

   

  	

  $

  	

  25,428.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  6-foot

  fume hood assembly

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  5,874.00

  	

   

  	

  5,874.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  8236

  	

   

  	

  1754

  	

   

  	

  12/19/01

  	

   

  	

  16942

  	

   

  	

  6,100.00

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  TAX

  	

   

  	

  Sales

  Tax

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  226.00

  	

   

  	

  226.00

  	

   

  	

  $

  	

  6,100.00

  	

   

  	

  $

  	

  31,528.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  31,528.00

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  11

  	

   

  	

  MicroWarehouse

  	

   

  	

  COMP

  	

   

  	

  HP

  ScanJet Scanner

  	

   

  	

  1

  	

   

  	

  STW143A0738

  	

   

  	

  954.00

  	

   

  	

  954.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  7748

  	

   

  	

  P72422350001

  	

   

  	

  7/26/01

  	

   

  	

  14540

  	

   

  	

  981.31

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  29.31

  	

   

  	

  29.31

  	

   

  	

  $

  	

  983.31

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  HDD

  SGT Barracuda 180 181.6GB

  	

   

  	

  4

  	

   

  	

   

  	

   

  	

  1,549.95

  	

   

  	

  6,199.80

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  8241

  	

   

  	

  P78176770103

  	

   

  	

  10/31/01

  	

   

  	

  16445

  	

   

  	

  6,209.79

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  9.99

  	

   

  	

  9.99

  	

   

  	

  $

  	

  6,209.79

  	

   

  	

  $

  	

  7,193.10

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  7,094.77

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  14

  	

   

  	

  P.C.

  Connection

  	

   

  	

  COMP

  	

   

  	

  40GB

  EIDE Ultra

  	

   

  	

  8

  	

   

  	

   

  	

   

  	

  103.90

  	

   

  	

  831.20

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  7921

  	

   

  	

  31973532

  	

   

  	

  9/4/01

  	

   

  	

  14830

  	

   

  	

  2,233.55

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  20.65

  	

   

  	

  20.65

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  TAX

  	

   

  	

  Sales

  Tax

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  41.56

  	

   

  	

  41.56

  	

   

  	

  $

  	

  893.41

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  40GB

  EIDE Ultra

  	

   

  	

  12

  	

   

  	

   

  	

   

  	

  103.90

  	

   

  	

  1,246.80

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  31957322

  	

   

  	

  8/29/01

  	

   

  	

  14830

  	

   

  	

  2,233.55

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  31.00

  	

   

  	

  31.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  TAX

  	

   

  	

  Tax

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  62.34

  	

   

  	

  62.34

  	

   

  	

  $

  	

  1,340.14

  	

   

  	

  $

  	

  2,233.55

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  2,233.55

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  16

  	

   

  	

  Peak Technologies

  	

   

  	

  COMP

  	

   

  	

  Printers

  TLP3742ps

  	

   

  	

  2

  	

   

  	

  47370560,

  47370552 

  	

   

  	

  542.00

  	

   

  	

  1,084.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  7763

  	

   

  	

  B081000161

  	

   

  	

  7/27/01

  	

   

  	

  14721

  	

   

  	

  2,899.54

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  12.46

  	

   

  	

  12.46

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  TAX

  	

   

  	

  Sales

  Tax

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  54.20

  	

   

  	

  54.20

  	

   

  	

  $

  	

  1,150.66

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  COMP

  	

   

  	

  Printers

  TLP3742ps

  	

   

  	

  3

  	

   

  	

  47370586,

  47370541,

  47370573 

  	

   

  	

  542.00

  	

   

  	

  1,626.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  7547

  	

   

  	

  B072700060

  	

   

  	

   

  	

   

  	

  14721

  	

   

  	

  2,899.54

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  41.58

  	

   

  	

  41.58

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  TAX

  	

   

  	

  Sales

  Tax

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  81.30

  	

   

  	

  81.30

  	

   

  	

  $

  	

  1,748.88

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  Peak Technologies

  	

   

  	

  COMP

  	

   

  	

  Printers

  TLP3742ps

  	

   

  	

  2

  	

   

  	

   

  	

   

  	

  563.00

  	

   

  	

  1,126.00

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  8215

  	

   

  	

  B110600179

  	

   

  	

  11/6/01

  	

   

  	

  16448

  	

   

  	

  1,194.76

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  FRT

  	

   

  	

  Shipping

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  12.46

  	

   

  	

  12.46

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  TAX

  	

   

  	

  Sales

  Tax

  	

   

  	

  1

  	

   

  	

   

  	

   

  	

  56.30

  	

   

  	

  56.30

  	

   

  	

  $

  	

  1,194.76

  	

   

  	

  $

  	

  4,094.30

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  3,979.23

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  FUNDING TOTAL

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  106,551.68

  	

   

  	

  $

  	

  106,551.68

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  104,696.16

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  

 

	

   

  
	

  Variagenics, Inc.

  
	

  BY:

  	

  /s/  RPS

  	

   

  
	

  TITLE:

  	

    CFO

  	

   

  
	

   

  
				

 

9

 

ANNEX B

 

BILL OF SALE

 

FOR One Hundred Four Thousand Six Hundred

Ninety Six and —16/00 ($104,696.16) AND OTHER VALUABLE CONSIDERATION,

the receipt and sufficiency of which are hereby acknowledged, VARIAGENICS,

INC. (the “Seller”) does hereby sell, transfer and deliver to General

Electric Capital Corporation (the “Buyer”), its successors and

assigns, all of Seller’s right, title and interest in and to the following

equipment (the “Equipment”):

 

SEE EXHIBIT A ATTACHED HERETO AND MADE A PART

HEREOF

 

TO HAVE AND TO HOLD

the same unto the Buyer, its successors and assigns, forever.

 

The Seller warrants and

represents that it owns (and has good and marketable title to) the Equipment

free and clear of all liens and encumbrances, and has full power, right and

authority to convey title thereto to the Buyer.  The foregoing warranty of title shall inure to the benefit of any

purchaser of the Equipment from the Buyer and to General Electric Capital

Corporation which is financing the purchase of the Equipment by the Buyer.

 

Except for the

foregoing warranty of title, the Equipment is sold, “AS-IS”, “WHERE-IS”,

without warranty of merchantability or fitness.

 

IN WITNESS WHEREOF,

the Seller has caused this Bill of Sale to be executed by a duly authorized

officer this          day of

               ,

 

	

   

  	

  VARIAGENICS, INC.

  	

   

  	

   

  
	

   

  	

  (Seller)

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

    /s/ Richard P. Shea 

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  Title:

  	

    Chief Finanical Officer

  	

   

  
								

 

10EXHIBIT

10.1

 

Alliance Data Systems

 

2002

Incentive

Compensation

Plan

 

Full

Plan Description

 

 

Table of Contents

 

	

  Plan Philosophy

  
	

   

  
	

  Effective Date

  
	

   

  
	

  Eligibility

  
	

   

  
	

  Base

  Compensation Used in Calculating Incentive Compensation Payout

  
	

   

  
	

  Determining IC Targets

  
	

   

  
	

  Incentive

  Compensation (IC) Components

  
	

   

  
	

  Standard

  Weightings Chart for IC Components

  
	

   

  
	

  Determining Payment

  Calculations

  
	

   

  
	

  Timing of Payment

  
	

   

  
	

  Status Changes That

  May Affect IC Targets and Payout

  
	

   

  
	

  Other Terms and Conditions

  
	

   

  
	

  Summary

  
	

   

  
	

  Attachment A – Associate Satisfaction

  Index (ASI) Information

  
	

   

  
	

  Attachment B – Example Individual

  Expectations Worksheet

  
	

   

  
	

  Attachment C – 2002 Incentive Compensation

  Plan Corporate Information Services (CIS)

  
	

   

  
	

  Attachment D – Performance/Payout Table

  for Revenue, EBITDA, and Individual Expectations

  

 

2

 

Plan Philosophy

 

The intent of the Alliance Data System’s Incentive Compensation (IC)

Plan (“Plan”) is to:

 

•                  Provide

incentive compensation to round out an eligible associate’s total compensation

package to assist Alliance in attracting and retaining high performing  associates;

•                  Improve

organizational performance by providing the flexibility for each LOB/BSG to

drive financial and individual performance and increase associate satisfaction;

•                  Improve

the alignment between strategic imperatives and initiatives with the Alliance

Scorecard; and

•                  Provide

an opportunity for associates to share in the success they help create.

 

Participation in this plan reflects the importance of an associate’s

position and the impact that their performance can have on the success of the

company.  It is very important that

associates understand the value incentive compensation has in their total

compensation package.

 

Effective Date 

 

The Plan Year is January 1, 2002 through December 31, 2002.

 

Eligibility

 

Associates are covered by this Plan if they are:

 

•                  A

member of the Alliance Senior Leadership Team, as defined by the title Director

through Chairman & CEO.

•                  In

an Exempt position that is designated by Corporate Compensation as IC eligible

(currently jobs in pay grades 8-11, 21-23, or 32-35).

•                  Employed by

Alliance Data Systems before October 1, 2002.

•                  Newly hired

associates or associates promoted into IC eligible pay grades for the first

time before October 1, 2002.

•                  On active status

on the date of the award distribution or eligible under the guidelines for

retirement, disability, or leave of absence.

•                  Part-time

associates working a schedule equal to a minimum of 25 hours per week.

 

Associates

are not eligible if they:

 

•                  Are

participating in a sales commission or other incentive plan, unless approved by

the EVP/President of a Line of Business (LOB) or of a Business Support Group

(BSG) and confirmed by Corporate Compensation.

•                  Are

temporary or contract employees.

•                  Are

hired on or after October 1, 2002 or are promoted into an IC eligible

pay grade on or after October 1, 2002.

•                  Are

on a documented performance improvement plan.

 

3

 

Base

Compensation Used in Calculating Incentive Compensation Payout

 

Annualized base pay as of October 1, 2002 will be used as part of the

incentive compensation calculation.  The

Incentive Compensation (IC) target percentage(s) will be applied to the October

1, 2002 base salary for purposes of calculating the dollar target amount.

 

Determining IC Targets

 

Each participant

has an incentive compensation target. 

The Compensation Committee of the Board of Directors assigns IC targets

for the Executive Committee Members.  IC

targets for other positions are determined by the participant’s manager using

the guidelines established by Corporate Compensation in the following table:

 

	

  Grade Level

  	

   

  	

  IC Target

  (% of 10-01-02 Base Salary)

  
	

  Executive Committee Member

  	

   

  	

  Determined by the Board’s Compensation Committee

  
	

  (Senior Vice President) 3

  	

   

  	

  35% or 40% or

  45%

  
	

  (Vice President) 4

  	

   

  	

  25% or 30% or

  35%

  
	

  (Director/Senior Director) 5

  	

   

  	

  15% or 20% or

  25%

  
	

  8-10, 21-23, and 33-35

  	

   

  	

  10% or 15%

  
	

  11 & 32

  	

   

  	

  5% or 10%

  

 

IC targets are set

in 5% increments.  When

determining the appropriate target, the following is considered:

 

•                  The associate’s position relative to those of other

participant’s in the department;

•                  The associate’s anticipated contribution to the

organization’s success; and

•                  Targeted total compensation package that is

competitive with similar positions in the appropriate labor market or industry.

 

IC Targets will be

set at the beginning of the plan year or at time of hire and communicated

appropriately.  If the IC Target

percentage changes, managers will explain how the target will be prorated for

payout purposes (if appropriate) and whether or not the performance expectations

and weightings will change for the current plan year.

 

Incentive

Compensation (IC) Components

 

All performance

goals should be established and communicated at the beginning of the Plan year

or within 30 days of becoming a participant in the Plan.  The degree to which these performance goals

are accomplished may have an impact on the actual incentive earned from the

Plan.  Alliance Scorecard Measures and

strategic imperatives define factors that help the company and the LOB/BSG

reach its goals.

 

Alliance Revenue and EBITDA Targets: Revenue and Earnings Before Interest,

Taxes, Depreciation and Amortization (EBITDA) targets make up 25%-50% of a

participant’s IC payment (see Standard Weightings Chart below).  The Board of Directors of the Company approves

the Revenue and EBITDA target to be achieved for minimum, target and maximum

payouts.

 

4

 

LOB

Revenue and EBITDA Targets: There are a number of financial measures that can be used to

determine success for a particular area or individual.  Your President or Executive Vice President

will determine if sub-measures will be used for your LOB or for you

individually.  However, it is intended that the Board of Directors approve the

achievement of LOB Revenue and EBITDA for payout purposes.

 

Associate

Satisfaction Index: The annual administration of the

Associate Survey and the tracking of data (i.e., improvement expectations) are

designed to motivate ongoing attention to issues that affect quality of client

service, as well as the development and retention of associates.  The Associate Satisfaction Index (ASI) is a

component of the Associate Survey process. 

The ASI component is designed to recognize and incent critical non-financial

organizational factors that contribute to sustainable business performance and

provide competitive advantage in recruiting, developing, and retaining high

performing associates.  Targets are set

at the beginning of each year along with a payout schedule.  See Attachment A for more information.

 

Individual

Expectations:

The Weightings Chart identifies those participants that have 25% - 50% of their

IC payments based upon the achievement of individual expectations or team

strategic imperatives (or action steps to accomplish the strategic imperatives)

as determined between the participant and his or her manager.  A sample worksheet has been provided in

Attachment B.

 

Standard Weightings Chart for IC

Components

 

Incentive

Compensation objectives are weighted to allow flexibility for each LOB/BSG to

drive financial and individual performance and increase associate

satisfaction.  Units have the ability to

use specific components that closely reflect Alliance Scorecard measurements,

such as the CIS example shown in Attachment C. 

In addition, units may adjust the standard components for SLT members to

include measurable financial drivers, such as bad debt or specific client

revenue goals, with review and approval by the EVP & CAO and Corporate

Compensation.  The participant’s

grade/job level as of October 1, 2002 will be used to determine the overall

weightings.

 

2002 IC Plan

Standard Components and Weightings

 

	

   

  	

   

  	

   

  	

   

  	

  Senior

  Leadership

  Team(1)

  	

   

  	

  Exempts with

  Direct Supervisory Responsibility

  	

   

  	

  All

  Other

  Exempts(2)

  	

   

  
	

   

  	

   

  	

  LOB EBITDA

  	

   

  	

  50

  	

  %

  	

  25

  	

  %

  	

  25

  	

  %

  
	

  LOB

  	

   

  	

  LOB

  Revenue

  	

   

  	

  25

  	

  %

  	

  25

  	

  %

  	

  25

  	

  %

  
	

   

  	

   

  	

  Associate Satisfaction(3)

  	

   

  	

  25

  	

  %

  	

  25

  	

  %

  	

  0

  	

  %

  
	

   

  	

   

  	

  Individual Expectations(4)

  	

   

  	

  0

  	

  %

  	

  25

  	

  %

  	

  50

  	

  %

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  Alliance

  EBITDA%

  	

   

  	

  50

  	

  %

  	

  25

  	

  %

  	

  25

  	

  %

  
	

  BSG

  	

   

  	

  Alliance

  Revenue

  	

   

  	

  25

  	

  %

  	

  25

  	

  %

  	

  25

  	

  %

  
	

   

  	

   

  	

  Associate Satisfaction

  	

   

  	

  25

  	

  %

  	

  25

  	

  %

  	

  0

  	

  %

  
	

   

  	

   

  	

  Individual Expectations(4)

  	

   

  	

  0

  	

  %

  	

  25

  	

  %

  	

  50

  	

  %

  

 

(1) The LOB/BSG executive has some flexibility to establish targets —

by individual — that are important for the success for their respective

area.  The Individual Expectations

weighting should not be used for SLT members, unless it is used to drive financial

performance.  Any changes to the

standard components, weightings or payout tables should be sent to Corporate

Compensation for approval by the EVP & CAO.

 

(2)  The LOB/BSG has some flexibility in reassigning Revenue

targets for those associates who fall into an all other eligible exempt

category or in unique cases.

 

(3)  Some participants, such as NAMs, may have more emphasis on

client relationships than Associate Satisfaction.  LOB/BSG executives can determine how they want to distribute the

weightings for these positions.

 

(4) Eligible Exempt associates below the Director level should have

Individual Expectations that are based on Alliance Scorecard measures and

support strategic imperatives ensuring the success of their LOB/BSG and the

company.

 

5

 

Determining

Payment Calculations

 

Attachment

A:  Associate

Satisfaction Index (ASI) Information

Identifies the relationship between level of

performance and the percentage to be paid for achievement of 2002 Associate

Satisfaction Survey target results.  For

the ASI component to be paid over 100%, both applicable EBITDA and

Revenue targets must be achieved at 100% or greater.

 

Attachment

B:  Example Individual Expectations Worksheet

The sample form is provided to facilitate the setting

of the Individual Expectations.  If a

participant is being held accountable for a company-level strategic imperative

(or an action item to accomplish the strategic imperative for the LOB/BSG),

that form may also be used.  Regardless of

the form used, what will be required at the end of 2002 is an overall

percentage of achievement of the Individual Expectations component to determine

the dollar payment for this IC component.

 

Attachment

C:  2002 Incentive Compensation Plan Corporate

Information Services (CIS)

Corporate Information

Services (CIS) IC Plan identifies specific components and weightings for CIS.

 

Attachment D:  Performance/Payout Table for Revenue,

EBITDA, and Individual Expectations

Identifies the relationship between level of

performance and the percentage to be paid for the achievement of Alliance

Revenue and Alliance EBITDA, LOB Revenue and LOB EBITDA, and Individual

Expectations targets.  A minimum of 80%

must be achieved for any payment to be received; performance of 120% or greater

receives the maximum payment of 150%. 

The percentage of objectives achieved is rounded using scientific

rounding.

 

For business support groups, both Alliance EBITDA and

Alliance Revenue targets must be achieved at 100% or greater in order for

Individual Expectations to be paid above 100% of target.  For lines of business, both LOB EBITDA and

LOB Revenue targets must be achieved at 100% or greater in order for Individual

Expectations to be paid above 100% of target.

 

6

 

Timing of Payment

 

Incentive compensation earned for the 2002 Plan year is paid in the

first quarter of the following year.  A

participant must be actively employed on the date payment is made to receive

their award.  Any participant who is on

an approved leave of absence or disability, but still on active status, will

receive their payment even if they are not actively at work on the date payment

is made.

 

Status Changes That May Affect IC Targets and Payout

 

Status changes can

affect the amount of incentive a participant receives.  Status changes include:

 

•                  Transfers

•                  New Hires

•                  IC Target Changes

•                  Leaves of Absence

•                  Terminations

 

•                  Transfers

The LOB or BSG a

participant is assigned to as of October 1, 2002 will be used to determine any

payments dependent upon LOB/BSG level of performance (see Standard Weightings

Chart).  Year-end performance for the

LOB/BSG will be used to calculate the incentive amount to be paid for this

component.  No prorating will be done

for the amount of time spent in another LOB/BSG over the Plan year.

 

For the ASI

component, leaders who have moved or transferred during the course of the year,

and who could therefore have their compensation tied to different reporting

groups, will be reviewed as follows:

 

•                  Determine where the associate spent the most time

during the action planning cycle;

•                  Assess where the associate had the greatest

opportunity to influence Associate Satisfaction; and

•                  Before the end of December, the HR Executive makes a

report recommendation to Corporate Compensation, which will be approved by the

Executive Vice President and Chief Administrative Officer.

 

•                  New Hires

For associates

hired between January 1 and September 30, 2002 into an IC eligible position,

the base salary as of October 1, 2002 will be used to calculate the IC dollar

target.  The dollar target will be

prorated as follows:

 

	

  Hired Between These Dates

  	

   

  	

  Prorated

  Amount

  	

   

  
	

  January 1 – March 31

  	

   

  	

  100

  	

  %

  
	

  April 1 –

  June 30

  	

   

  	

  75

  	

  %

  
	

  July 1 –

  September 30

  	

   

  	

  50

  	

  %

  
	

  October 1 –

  December 31

  	

   

  	

  No IC

  	

   

  

 

For example, if an

associate is hired on March 12, the IC dollar target will not be prorated.  If an associate is hired on July 4, then the

IC dollar target will be prorated by 50%.

 

7

 

New hires within

the ASI component will be assigned a report by the HR Executive.  In cases where historical data are not

available (e.g., new hires as a result of a new acquisition or changes brought

about by organizational restructuring), the HR Executive will determine whether

there is an existing group in the report plan upon which to base the ASI

payout.  If not, the current year score

will be used to determine payout.

 

•                  IC Target Changes

For current

Alliance associates, if there is a promotion or a grade level change during the

plan year and this causes a change in IC target, the incentive will be prorated

according to the chart below depending on the associate’s IC eligible effective date.  Note: changes in IC targets after October

1, 2002 will not be used to calculate incentive compensation payout for the

current plan year.

 

	

  IC Eligible Effective Date

  Between These Dates

  	

   

  	

  Prorated

  Amount For

  Old/New IC% Target

  	

   

  
	

  January 1 – March 31

  	

   

  	

  0% / 100

  	

  %

  
	

  April 1 –

  June 30

  	

   

  	

  25% / 75

  	

  %

  
	

  July 1 –

  September 30

  	

   

  	

  50% / 50

  	

  %

  
	

  October 1 –

  December 31

  	

   

  	

  100% / 0

  	

  %

  

 

The base salary as

of October 1 will always be used to calculate the dollar target, even if there

is a corresponding change in base salary at the time of the promotion or IC

target change.  For example, a grade level

change in April results in an IC target change from 5% to 10% and a base salary

change from $35,000 to $40,000.  The

base salary on October 1 is $40,000, so that is the salary used in the

calculation.  The IC dollar target is

then calculated using the following formula:

 

	

   

  	

   

  	

  10/01 Base

  	

   

  	

  IC

  	

   

  	

  Target

  	

   

  	

  Prorate

  	

   

  	

  Subtotal

  	

   

  
	

  Old

  	

   

  	

  $

  	

  40,000

  	

   

  	

  5

  	

  %

  	

  $

  	

  2,000

  	

   

  	

  25

  	

  %

  	

  $

  	

  500

  	

   

  
	

  New

  	

   

  	

  $

  	

  40,000

  	

   

  	

  10

  	

  %

  	

  $

  	

  4,000

  	

   

  	

  75

  	

  %

  	

  $

  	

  3,000

  	

   

  
	

  TOTAL

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  $

  	

  3,500

  	

   

  

 

The

participant’s manager should communicate to the participant the new weightings

of financial and individual expectations (if applicable).

 

•                  Leaves of Absence

If

a participant takes a leave of absence in excess of 30 consecutive days, either

paid or unpaid, during the Plan year, he or she may be eligible for a prorated

award at the discretion of Corporate Compensation and the Executive Committee

Member for that LOB/BSG and recommendations should be submitted at the time of

the IC payout calculation.

 

•                  Terminations

If

a participant terminates his or her position voluntarily or involuntarily

during the Plan year, he or she will not

be eligible for an IC payment because he or she would not be on active status

on the date of the award distribution. 

If a participant retires, becomes disabled, or dies during the Plan

year, he or she may be eligible for a prorated award at the discretion of

Corporate Compensation and the Executive Committee Member for that

LOB/BSG.  In the event of death, any

incentive award is made to the beneficiary named in the company-paid life

insurance program.

 

8

 

Other

Terms and Conditions

 

•                  All

decisions by the Company will be final in the interpretation and administration

of the Plan and shall lie within the Company’s sole and absolute

discretion.  Decisions shall be final,

conclusive, and binding on all parties concerned.

 

•                  Participant’s

rights under the Plan may not be assigned or transferred in any way.

 

•                  The

Alliance Data System’s 2002 Incentive Compensation Plan may be amended,

modified, suspended, or terminated by the Company at any time, without prior

consent by or prior notice to associates. 

The Compensation Committee at its sole discretion may change objectives

at any time without prior consent by or prior notice to associates.

 

•                  The

Plan shall be unfunded.  The Company

shall not be required to establish any special or separate fund or to make

other segregation of assets to assure the payment of the amounts under the

Plan.  Rights to the payment of amounts

under the Plan shall be no greater than the rights of the Company’s general

creditors.

 

•                  Texas

state law governs the validity, construction, interpretation, administration,

and effect of the Plan, and the substantive laws, but not the choice of law

rules, of the State of Texas, shall govern rights relating to the Plan.

 

•                  All

applicable employment and tax deductions plus 401(k) contribution deferrals

will be withheld from the incentive payout.

 

•                  No

associate has the right or is guaranteed the right to participate in the Plan

by virtue of being an associate or fulfilling any specific position with

Alliance Data Systems.  Selection for

participation in the Plan is solely within the discretion of the Compensation

Committee.  Alliance Data Systems may

offer participation in the Plan to additional associates or terminate the

participation of any Participant in the Plan at any time during the Plan Year.

 

•                  Revenues

and earnings classified as “windfalls” or business losses may or may not be

excluded in whole or in part from the calculation of Revenue and EBITDA at the

discretion of the Compensation Committee.

 

•                  Notice

to participate in the Plan shall not impair or limit the Company’s rights to

transfer, promote, or demote Plan participants to other jobs or to terminate

their employment, nor shall it create any claim or right to receive any payment

under the Plan or any right to be retained in the employ of Alliance Data

Systems.

 

•                  The

Plan is established for the current fiscal year.  There shall be no obligation on the part of the Company to

continue the Plan in the same or a modified form for any future years.

 

9

 

•                  In

the event that a participant has a dispute concerning the administration of

this Plan, it shall first be submitted in writing to the Director of

Compensation.  In the event that the

Director of Compensation does not provide a response satisfactory to the

participant within 30 business days, the participant may submit the dispute in

writing within five business days thereafter to the Executive Vice President

and Chief Administrative Officer, whose decision regarding the dispute shall be

final and binding on each Participant or person claiming under the Plan.

 

•                  The Plan is effective January 1, 2002, and supersedes

and replaces all previous Incentive Compensation Plans.  All such previous plans, unless earlier

terminated, are terminated at midnight, December 31, 2001.  If not renewed by the Compensation Committee

or their designated representative, this Plan will automatically terminate on

December 31, 2002.

 

•                  In the event an eligible associate’s performance falls

below satisfactory standards during the plan year, the associate may receive a

reduced incentive compensation payment, at the discretion of the Company,

regardless of the performance results of the company, LOB, BSG, or the ASI

results (if applicable).

 

Summary

 

Participants in

this Plan can influence the Company’s continued success.  Understanding the Incentive Compensation

Plan is important to the participant’s financial interests, as well as the

success of LOB/BSG financial performance and the improvement of associate

satisfaction.  Questions about this Plan

should be addressed to the participant’s manager or local human resources

professional.

 

10

 

Attachment A

 

ASSOCIATE SATISFACTION INDEX (ASI) INFORMATION

 

The Alliance Scorecard views associates as one of

three key constituencies (along with clients and shareholders).  Research has demonstrated and

Alliance believes that satisfied associates provide higher levels of service

quality and value creation/delivery, cultivating client retention and loyalty, and in turn providing greater

profitability and growth.  The degree to

which associates feel valued/satisfied has been shown to be a primary

determinant of long-term financial performance.  The Associate Satisfaction survey and the resulting Associate

Satisfaction Index (ASI) represent an accountability mechanism that puts value

on people and “walking the talk” when it comes to Alliance’s company values, as

well as financials and EBIDTA.

 

The ASI is intended to drive the company towards Employer of Choice

levels of performance and reward progress towards these levels and recognize

actual scores.  Launched in 2001, the

ASI is made up of 18 “core” items, asked and tracked on each annual Associate

Survey.

 

The ASI includes two main components: a progress calculation and a

measure of actual scores (current year mean percent favorable score on the 18

items).  Scores are evaluated against

both progress made since the previous year (as measured by “potential change”)

and current year scores, and payout is determined by whichever is higher (see

“Payout Table for Associate Satisfaction Results” on the last page of this

Attachment).

 

Consistent with 2001 are the following elements of the ASI calculation:

 

•                  At

the company-wide level, the progress target

for 2002 remains 16% of potential change. 

This is consistent with the 3-year plan to achieve external Employer of

Choice benchmarks.

 

•                  Company-wide

and for all subgroups, the goal is to achieve a mean, or average, score on the

18 ASI items of at least 75% Favorable. 

This level of achievement represents an Employer of Choice threshold and

is based on external normative survey data.

 

•                  When

a group achieves an actual score of 75% or greater, the group is assured at

least 100% payout on this IC component, even if regression has occurred since

the last survey.  For example, if the

2001 mean score is 78% Favorable and the 2002 score is 75% Favorable — indicating

regression of -3 percentage points — the group would receive 100% payout

because their actual score is greater than 75% Favorable.  Groups that exceed 75% will be rewarded

according to scales (located below in this Attachment) with a maximum payout of

150% for this IC component.

 

•                  In

the ASI computation, change is based on potential change, not absolute

change.  Computing scores based on

potential change recognizes the increased difficulty of making continued

progress as scores get higher.  Regressions

will be calculated in a similar manner.

 

In addition, the

payout calculation for 2002 is based on the following:

 

•                  The

scores will be determined using scientific rounding and will continue to be

reported in whole integers.

 

11

 

•                  The

payout tables have been modified. 

Instead of ranges of percent of potential change or ranges of actual

scores, appropriate percentage points were determined to provide additional

payout points.

 

•                  In

2001, ASI was based on a set number of reporting groups, selected to reflect

shared accountability.  As a continuous

improvement effort for 2002, additional reporting groups have been incorporated

into the ASI design to better reflect leaders’ direct areas of influence and

accountability.  In consultation with

your LOB/BSG HR executive, individual leaders’ ASI component has been linked to

reporting groups, as defined in the 2001 Associate Survey report plan.  The goal of these assignments is to reflect

both influence and accountability, and to enhance alignment between the survey

process and the ASI design.  Prior to

the administration of Associate Survey 2002 (by end of July 2002), these

assignments will again be reviewed as part of the report planning process led

by your HR Executive.  This final review

will provide an opportunity to review any special cases (e.g., organizational

changes) as needed.  In any case of

significant organizational change that requires a redefinition of a reporting

group, targets to achieve 100% payout may change and will be re-communicated to

leaders prior to survey administration.

 

•                  As

in 2001, the targets identified on the next page represent the achievement of

100% payout.  As a general rule for

2002, higher performing groups are likely to be paid based on current year

scores, while groups with lower scores are likely to be paid based on their

ability to make significant progress as measured by their potential change

scores.  This tendency is reflective of

the higher relative “baseline” across the company as a result of the gains made

between Associate Surveys 2000 and 2001.

 

•                  These

targets have not been set by using a flat percentage increase over the average

score of the same 18 items from the 2001 survey, but as a percent of the

“potential for change”.  We have set a

goal for Alliance Data Systems to increase our associate satisfaction by 16% of

potential change a year.  Each of the

targets in this Attachment was calculated using this same growth

percentage.  As an example, here is the

formula used to determine the 2002 target for the Alliance Consolidated score

of 70:

 

2001

Base Score* = 64

 

100 – 64 = 36

(100 – 2001 Base Score* =

Potential for Change)

 

36 x 16% = 5.76

(Potential for Change x

Alliance Organizational Improvement = Increase Needed)

 

64 + 6 = 70

(2001 Base Score* +

Increase Needed = Target Percent Favorable Score for 2002 Survey)

*

Average of 18 items selected to compute Associate Satisfaction Index.

 

12

 

TARGET

SCORES (PERCENT FAVORABLE MEAN) FOR 2002 ASSOCIATE SATISFACTION

FOR

100% PAYOUT ON IC COMPONENT

 

	

  Report Name

  	

   

  	

  2002 Target Score

  	

   

  
	

  Alliance Data Systems Consolidated (Mike

  Parks)

  	

   

  	

  70

  	

   

  
	

  Transaction Services

  	

   

  
	

  Transaction Services Consolidated (Mike Beltz)

  	

   

  	

  66

  	

   

  
	

  Marketing Services

  	

   

  	

  65

  	

   

  
	

  Network Services Consolidated

  	

   

  	

  66

  	

   

  
	

  Network Services (Lenexa & Johnson City)

  	

   

  	

  67

  	

   

  
	

  Network Services (Lenexa)

  	

   

  	

  73

  	

   

  
	

  Network Services (Johnson City)

  	

   

  	

  63

  	

   

  
	

  Network Services (Buffalo Grove)

  	

   

  	

  59

  	

   

  
	

  Network Services (excluding Johnson City & Lenexa)

  	

   

  	

  64

  	

   

  
	

  Utility Services Consolidated

  	

   

  	

  66

  	

   

  
	

  Call Center Operations (Atlanta & Walnut St.)

  	

   

  	

  66

  	

   

  
	

  Call Center Operations (Atlanta)

  	

   

  	

  65

  	

   

  
	

  Call Center Operations & Human Resources — (Walnut St.)

  	

   

  	

  66

  	

   

  
	

  Systems Development Consolidated (includes Seattle)

  	

   

  	

  66

  	

   

  
	

  Systems Development (Atlanta)

  	

   

  	

  59

  	

   

  
	

  Systems Development (HQ2)

  	

   

  	

  74

  	

   

  
	

  Systems Development (Seattle)

  	

   

  	

  Payout based on  Actual

  Score

  	

   

  
	

  Frequency Marketing

  	

   

  	

  Payout based on  Actual

  Score

  	

   

  
	

  Mailbox Corp

  	

   

  	

  Payout based on  Actual

  Score

  	

   

  
	

  Corporate Information Services

  	

   

  
	

  Corporate Information Services Consolidated (Steve Walensky)

  	

   

  	

  66

  	

   

  
	

  Corporate Information Services (San Antonio)

  	

   

  	

  69

  	

   

  
	

  Corporate Information Services (Reynoldsburg)

  	

   

  	

  71

  	

   

  
	

  Corporate Information Services (excluding San Antonio &

  Reynoldsburg)

  	

   

  	

  61

  	

   

  
	

  Retail Services

  	

   

  
	

  Retail Services Consolidated (Ivan Szeftel)

  	

   

  	

  73

  	

   

  
	

  Bank Operations Consolidated

  	

   

  	

  67

  	

   

  
	

  Other Operations Consolidated

  	

   

  	

  66

  	

   

  
	

  Retail Information Technology

  	

   

  	

  68

  	

   

  
	

  Retail Services (Voorhees)

  	

   

  	

  74

  	

   

  
	

  Retail Services (Broad St.)

  	

   

  	

  71

  	

   

  
	

  Retail Services (Westerville Call Center)

  	

   

  	

  75

  	

   

  
	

  Retail Services (Northglenn)

  	

   

  	

  73

  	

   

  
	

  Retail Services (Lenexa)

  	

   

  	

  75

  	

   

  
	

  Retail Services (Reno)

  	

   

  	

  75

  	

   

  
	

  Retail Services (Other)

  	

   

  	

  73

  	

   

  
	

  Corporate Support Services, CFO, & Legal

  Compliance Audit Services (LCAS)

  
	

  Corporate Support Services, Corporate Finance Office, LCAS

  	

   

  	

  73

  	

   

  

 

2001 base line scores can be obtained from your Human

Resource Executive.

If a participant has questions about how the 2002 target was

set,

participants should contact their managers to confirm which

target score is applicable.

 

13

 

PAYOUT

TABLE FOR ASSOCIATE SATISFACTION RESULTS

 

There are two ways to determine

payout for the ASI Component: Actual Score or the Percent of Target Achieved.

1.               Look up the Actual Score first and determine the payout percentage.

2.               Then, look up Percent of Target Achieved and determine the payout

percentage.

3.               Whichever payout percentage is higher will be the one paid, as long as

the eligible associate is performing at a satisfactory level as determined by

the Company.  Payout over 100% for the

ASI Component is also contingent upon meeting both the applicable EBITDA and

Revenue targets.

 

Examples:

 

	

  2001 Base Score:

  	

  71

  	

  2001 Base Score:

  	

  55

  
	

  2002 Target:

  	

  76

  	

  2002 Target:

  	

   62

  
	

  2002 Results and

  Possible Payment

  	

  2002 Results and

  Possible Payment

  
	

  Actual

  Score:

  	

  75

  	

  100% payout

  	

   

  	

  Actual Score:

  	

  62

  	

  35% payout

  	

   

  
	

  Percent of

  Target Achieved:

  	

  99%

  	

  90% payout

  	

   

  	

  Percent of Target Achieved:

  	

  100%

  	

  100% payout

  	

   

  
	

  Payment

  would be at higher level =  100%

  	

  Payment

  would be at higher level =  100%

  
										

 

	

   

  	

  Actual Score

  (% Favorable Mean)

  	

   

  	

  2002 Payout

  	

   

  	

  Percent of Target

  Achieved

  	

   

  	

  2002 Payout

  	

   

  	

   

  
	

   

  	

  56

  or Less

  	

   

  	

  0

  	

  %

  	

  89% or Less

  	

   

  	

  0

  	

  %

  	

   

  
	

   

  	

  57

  	

   

  	

  10

  	

  %

  	

  90

  	

  %

  	

  10

  	

  %

  	

   

  
	

   

  	

  58

  	

   

  	

  15

  	

  %

  	

  91

  	

  %

  	

  15

  	

  %

  	

   

  
	

   

  	

  59

  	

   

  	

  20

  	

  %

  	

  92

  	

  %

  	

  20

  	

  %

  	

   

  
	

   

  	

  60

  	

   

  	

  25

  	

  %

  	

  93

  	

  %

  	

  30

  	

  %

  	

   

  
	

   

  	

  61

  	

   

  	

  30

  	

  %

  	

  94

  	

  %

  	

  40

  	

  %

  	

   

  
	

   

  	

  62

  	

   

  	

  35

  	

  %

  	

  95

  	

  %

  	

  50

  	

  %

  	

   

  
	

   

  	

  63

  	

   

  	

  40

  	

  %

  	

  96

  	

  %

  	

  60

  	

  %

  	

   

  
	

   

  	

  64

  	

   

  	

  45

  	

  %

  	

  97

  	

  %

  	

  70

  	

  %

  	

   

  
	

   

  	

  65

  	

   

  	

  50

  	

  %

  	

  98

  	

  %

  	

  80

  	

  %

  	

   

  
	

   

  	

  66

  	

   

  	

  55

  	

  %

  	

  99

  	

  %

  	

  90

  	

  %

  	

   

  
	

   

  	

  67

  	

   

  	

  60

  	

  %

  	

  100

  	

  %

  	

  100

  	

  %

  	

  <--Achieving 100% of

  potential change will

  result in 100% payout

  
	

   

  	

  68

  	

   

  	

  65

  	

  %

  	

  101

  	

  %

  	

  105

  	

  %

  	

   

  
	

   

  	

  69

  	

   

  	

  70

  	

  %

  	

  102

  	

  %

  	

  110

  	

  %

  	

   

  
	

   

  	

  70

  	

   

  	

  75

  	

  %

  	

  103

  	

  %

  	

  115

  	

  %

  	

   

  
	

   

  	

  71

  	

   

  	

  80

  	

  %

  	

  104

  	

  %

  	

  120

  	

  %

  	

   

  
	

   

  	

  72

  	

   

  	

  85

  	

  %

  	

  105

  	

  %

  	

  125

  	

  %

  	

   

  
	

   

  	

  73

  	

   

  	

  90

  	

  %

  	

  106

  	

  %

  	

  130

  	

  %

  	

   

  
	

   

  	

  74

  	

   

  	

  95

  	

  %

  	

  107

  	

  %

  	

  135

  	

  %

  	

   

  
	

  75% Favorable

  Score is the target

  for 100% payout -->

  	

  75

  	

   

  	

  100

  	

  %

  	

  108

  	

  %

  	

  140

  	

  %

  	

   

  
	

   

  	

  76

  	

   

  	

  110

  	

  %

  	

  109

  	

  %

  	

  145

  	

  %

  	

   

  
	

   

  	

  77

  	

   

  	

  120

  	

  %

  	

  110% or more

  	

   

  	

  150

  	

  %

  	

   

  
	

   

  	

  78

  	

   

  	

  130

  	

  %

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

  79

  	

   

  	

  140

  	

  %

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

  80

  or more

  	

   

  	

  150

  	

  %

  	

   

  	

   

  	

   

  	

   

  	

   

  

 

14

 

Attachment B

 

EXAMPLE INDIVIDUAL EXPECTATIONS WORKSHEET

 

	

  Name:

  	

   

  	

   

  	

   

  	

  Target IC (%):

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Position Title:

  	

   

  	

   

  	

   

  	

  Grade Level:

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  (a)

  

  Specific

  Expectations / Standards of

  Measure

  (Deliverables

  to be Achieved)

  	

   

  	

  (b)

  

  

  Accomplishments / Results

  (Actual Results Achieved in Performance Period)

  	

   

  	

  Ratings

  	

   

  	

  (e)

  Overall

  Perf. Score

  %

  (c x d)

  	

   

  
	

  (c)

  Weighting

  %

  	

   

  	

  (d)

  Actual Perf.

  %

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  1.

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  2.

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  3.

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  4.

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  5.

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  100%

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Total Score on Specific

  Expectations (add column “e”) >

  	

   

  	

   

  	

   

  
												

 

	

  Signed by: 

  Associate

  	

   

  	

  Manager

  

 

15

 

Attachment C

 

2002 INCENTIVE COMPENSATION PLAN

CORPORATE INFORMATION SERVICES (CIS)

 

	

  Senior

  Leadership

  Team and Exempts with Direct

  Supervisory Responsibility

  	

   

  	

  All Other
Eligible
Exempts(1)

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  25% Alliance

  EBITDA

  	

   

  	

  25%

  Alliance EBITDA

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  25% CIS Direct

  Expenses

  	

   

  	

  25%

  CIS Direct Expenses

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  25% Customer

  Satisfaction

  	

   

  	

  25%

  Customer Satisfaction

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  25% Associate

  Satisfaction

  	

   

  	

  25%

  Individual Expectations

  	

   

  

 

(1) All other eligible exempt associates should have Individual

Expectations that are based on Alliance Scorecard measures and support

strategic imperatives ensuring the success of CIS and the company.

 

Special Payout Provisions

 

For CIS associates with an ASI component, both Alliance EBITDA and

CIS Direct Expense targets must be met at 100% or greater for payout to occur

above 100% for the ASI component.

 

16

 

Attachment D

 

PERFORMANCE/PAYOUT

TABLE

FOR REVENUE,

EBITDA, AND INDIVIDUAL EXPECTATIONS

 

	

   

  	

  % of Objective(s)

  Achieved*

  	

   

  	

  %

  Payout*

  	

   

  	

   

  
	

   

  	

  79% or less

  	

   

  	

  0

  	

  %

  	

   

  
	

  80% is the

  threshold for

  performance achievements

  to result in a payout.-->

  	

  80

  	

  %

  	

  65

  	

  %

  	

   

  
	

   

  	

  81

  	

  %

  	

  67

  	

  %

  	

   

  
	

   

  	

  82

  	

  %

  	

  69

  	

  %

  	

   

  
	

   

  	

  83

  	

  %

  	

  70

  	

  %

  	

   

  
	

   

  	

  84

  	

  %

  	

  72

  	

  %

  	

   

  
	

   

  	

  85

  	

  %

  	

  74

  	

  %

  	

   

  
	

   

  	

  86

  	

  %

  	

  76

  	

  %

  	

   

  
	

   

  	

  87

  	

  %

  	

  77

  	

  %

  	

   

  
	

   

  	

  88

  	

  %

  	

  79

  	

  %

  	

   

  
	

   

  	

  89

  	

  %

  	

  81

  	

  %

  	

   

  
	

   

  	

  90

  	

  %

  	

  83

  	

  %

  	

   

  
	

   

  	

  91

  	

  %

  	

  84

  	

  %

  	

   

  
	

   

  	

  92

  	

  %

  	

  86

  	

  %

  	

   

  
	

   

  	

  93

  	

  %

  	

  88

  	

  %

  	

   

  
	

   

  	

  94

  	

  %

  	

  89

  	

  %

  	

   

  
	

   

  	

  95

  	

  %

  	

  91

  	

  %

  	

   

  
	

   

  	

  96

  	

  %

  	

  93

  	

  %

  	

   

  
	

   

  	

  97

  	

  %

  	

  95

  	

  %

  	

   

  
	

   

  	

  98

  	

  %

  	

  96

  	

  %

  	

   

  
	

   

  	

  99

  	

  %

  	

  98

  	

  %

  	

   

  
	

   

  	

  100

  	

  %

  	

  100

  	

  %

  	

  <-- 100% is the target fpr

  performance achievments

  to receive 100% payout

  
	

   

  	

  101

  	

  %

  	

  102.5

  	

  %

  	

   

  
	

   

  	

  102

  	

  %

  	

  105.0

  	

  %

  	

   

  
	

   

  	

  103

  	

  %

  	

  107.5

  	

  %

  	

   

  
	

   

  	

  104

  	

  %

  	

  110.0

  	

  %

  	

   

  
	

   

  	

  105

  	

  %

  	

  112.5

  	

  %

  	

   

  
	

   

  	

  106

  	

  %

  	

  115.0

  	

  %

  	

   

  
	

   

  	

  107

  	

  %

  	

  117.5

  	

  %

  	

   

  
	

   

  	

  108

  	

  %

  	

  120.0

  	

  %

  	

   

  
	

   

  	

  109

  	

  %

  	

  122.5

  	

  %

  	

   

  
	

   

  	

  110

  	

  %

  	

  125.0

  	

  %

  	

   

  
	

   

  	

  111

  	

  %

  	

  127.5

  	

  %

  	

   

  
	

   

  	

  112

  	

  %

  	

  130.0

  	

  %

  	

   

  
	

   

  	

  113

  	

  %

  	

  132.5

  	

  %

  	

   

  
	

   

  	

  114

  	

  %

  	

  135.0

  	

  %

  	

   

  
	

   

  	

  115

  	

  %

  	

  137.5

  	

  %

  	

   

  
	

   

  	

  116

  	

  %

  	

  140.0

  	

  %

  	

   

  
	

   

  	

  117

  	

  %

  	

  142.5

  	

  %

  	

   

  
	

   

  	

  118

  	

  %

  	

  145.0

  	

  %

  	

   

  
	

   

  	

  119

  	

  %

  	

  147.5

  	

  %

  	

   

  
	

   

  	

  120% or greater

  	

   

  	

  150.0

  	

  %

  	

  <-- 150% is the maximum

  payout level

  

 

For business support groups, both Alliance EBITDA and Alliance

Revenue targets must be achieved at 100% or greater in order for Individual

Expectations to be paid above 100% of target. 

For lines of business, both LOB EBITDA and LOB Revenue targets

must be achieved at 100% or greater in order for Individual Expectations to be

paid above 100% of target.

 

17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]