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Pending the granting of the tax abatement, LMM intends to install the equipment <br />listed in Exhibit D attached hereto. This equipment designed to allow LMM to <br />perform the following functions: <br />• Mailpiece assembly <br />• Mailpiece barcoding, sorting and preliminary distribution <br />• Data processing and management <br />• Document creation and final assembly. <br />2. The project is expected create five 5 full-time and six 6 part-time permanent <br />jobs within the first year, representing an estimated new annual payroll of <br />$250,000.00.- (Excluding LMM's contribution to the associate's medical insurance <br />premium, life insurance premium,. as well as, hazardous-duty pay, on-call pay and tips, <br />back pay, overtime pay, non-production bonuses, and tuition reimbursements. The <br />dollar value above includes LMM's guaranteed contribution to the- associate's 401(k) <br />plan once plan requirements are satisfied, as well as incentive -pay including <br />commissions and production bonuses.) _ <br />The projected annual salaries for each new position created are estimated. to be <br />as follows: <br />Pending the granting of the tax abatement, LMM anticipates creating the <br />positions detailed below at the South Bend facility. <br />While full-time positions offer a more robust benefits package than that of part- <br />time positions, LMM typically does not pay a different hourly rate for part-time <br />positions versus similarly classified full-time positions. (n short, the only variable <br />in annual costs for such differential is the total number~of hours worked. In the <br />projection below, apart-time position is based on 25 hours per work week. <br />. The "Mail Processor- Route Driver" position offers atwo-tier hourly rate; a Mail <br />Processor wage and a Route Driver wage. <br />The estimation below assumes a properly qualified/experienced individual . <br />following LMM-provided training for specific menu of responsibilities. All <br />positions will be created based on business growth and market demands. LMM <br />is an Equal Opportunity Employer. ` <br />The dollar values include LMM's guaranteed contribution to the associate's <br />401 (k) plan once plan requirements are satisfed; holiday pay and vacation pay. <br />The dollar values exclude LMM's contribution to the associate's medical <br />insurance premium, life insurance premium, as well as, hazardous-duty pay, <br />incentive pay including commissions and production bonuses, on-call pay and <br />tips, back pay, jury duty pay, overtime pay, severance pay, shift`differentials, <br />non-production bonuses, and tuition reimbursements. <br />(Revised 8/2/02) - 2 <br />