Square D Company and Subsidiaries - Page 5

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                         a.   Relevant Period for Reasonable Compensation             
                              Comparison ............... 82                           
                         b.   Aggregate Versus Individual Compensation   86           
                         c.   Retained Executives’ 1992 Compensation . 88             
                              (i)   Perquisites ............ 89                       
                              (ii)  LTIP Compensation ......... 90                    
                              (iii) 1991 SRP Benefits ......... 93                    
                              (iv)  Summary .............. 98                         
                         d.   Determination of Comparable Executives and              
                              Their Compensation ........... 98                       
                              (i)   Selection of Comparable Companies . 99            
                              (ii)  Selection of Comparable Executives and            
                                    Their 1992 Compensation ...... 101                
                         e. Range of Reasonable Compensation .... 103                 
                         f.   Reasonable Compensation Established for Each            
                              Retained Executive ........... 106                      
                              (i)  Mr. Brink ............. 106                        
                              (ii)  Mr. Denny ............. 109                       
                              (iii) Mr. Kurczewski .......... 112                     
                              (iv)  Messrs. Garrett, Richardson, Thompson,            
                                    and Williams ........... 114                      
                                   (aa)  Mr. Garrett ......... 116                    
                                   (bb)  Mr. Richardson ....... 117                   
                                   (cc)  Mr. Thompson ........ 118                    
                                   (dd)  Mr. Williams ........ 118                    
                              (v)  Messrs. Francis, Free, Hite, and Pugh              
                                    .................. 118                            






















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