This excerpt taken from the XRX 8-K filed Apr 5, 2007.
Lawrence A. Zimmerman
On April 2, 2007, Registrants Board of Directors elected Lawrence A. Zimmerman to the position of Executive Vice President of Registrant. Mr. Zimmerman previously served as Senior Vice President and Chief Financial Officer. He will continue to serve as Chief Financial Officer.
Mr. Zimmermans employment will be at-will. He will receive a salary of $700,000 per year and his annual bonus target will remain at 100% of salary. Mr. Zimmerman will also receive 59,000 performance shares, effective July 1, 2007, under the E-LTIP as part of the annual award cycle.