Sample Business Contracts


Employment Agreement - The Corporate Executive Board Co. and James J. McGonigle

Employment Forms

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              [THE CORPORATE EXECUTIVE BOARD COMPANY LETTERHEAD]


December 28, 1998

Mr. James J. McGonigle
Chief Executive Officer
The Corporate Executive Board Company
The Watergate, 8th Floor
600 New Hampshire Avenue, N.W.
Washington, D.C.  20037

Dear Jay:

This letter sets forth the terms of the special 1998 bonus, as we have agreed,
effective today.  They are as follows:

     . $100,000 bonus to each of the 24 most senior people in the Corporate
       Executive Board Company.  See attached list.

     . Payable the earlier of the date of an initial public offering or December
       31, 1999.

     . If paid at the date of an initial public offering, payable 60% in stock,
       40% in cash. Consistent with our Underwriters' lock-up agreement, stock
       granted must be held by participants for at least six months.
       Participants receiving stock will be required to execute any documents
       reasonably required by the Company.

     . If not paid in conjunction with an initial public offering, then payable
       100% in cash.

     . No employment requirements or other conditions imposed on participants
       other than those set forth herein.

Please review these terms and indicate your acceptance below.

Sincerely,
/s/ David G. Bradley
David G. Bradley

/s/ James J. McGonigle
--------------------------------------
James J. McGonigle, CEO              
                                     
/s/ Rusty Siebert                    
--------------------------------------
Rusty Siebert, Chairman              
                                     
/s/ David G. Bradley                 
--------------------------------------
David G. Bradley, Stockholder
<PAGE>

Participants
------------

1998 Corporate Executive Board Special Bonus Award
--------------------------------------------------

Amoruso, P.
Baker, J.
Buer, P.
Capoor, V.
Chang, S.
DeConti, C.
Freire, P.
Gess, J.
Giammo, L.
Kostoff, M.
Lauer, P.
McGonigle, J.
McKinnon, W.
Miller, C.
Monahan, T.
Olson, M.
Smith, E.
Sorkin, J.
Stauch, U.
Sweeney, J.
Van Bever, D.
Walinsky, C.
Ward, P.
Winslow, S.


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