Square D Company and Subsidiaries - Page 101

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          and 1992 compensation, and the percentage increase therein, is as           
          follows:                                                                    
               Retained             1990           1992      Percentage               
               Executive        Compensation   Compensation   Increase                
               Brink          $324,100            $896,213      177                   
               Denny               697,380   2,390,159           243                  
               Francis             401,174   1,001,502           150                  
               Free                399,759   1,631,890           308                  
               Garrett             456,100   2,172,240           376                  
               Hite                505,378   1,524,496           202                  
               Kurczewski          463,038   1,208,543           161                  
               Pugh                205,031        897,250        338                  
               Richardson          218,492   1,071,015           390                  
               Thompson            498,474        940,621        89                   
               Williams            182,320        931,627        411                  
          If the Retained Executives are treated as having earned one-third           
          of their LTIP payout in 1992 (which we elsewhere conclude is                
          appropriate when measuring reasonable compensation for purposes             
          of section 280G), the percentage increase in their compensation             
          from 1990 to 1992 is as follows:                                            

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