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This excerpt taken from the XRX DEF 14A filed Apr 10, 2006. Base Salary Adjustments: After
reviewing competitive data in early 2005, the Committee approved base salary
adjustments for select officers. The approved adjustments averaged
approximately 3% on an annualized basis. Certain officers received an
additional adjustment to their base salary during 2005 as a result of new
responsibilities and/or to address specific retention concerns.
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