ADP 2008 Annual Report Download - page 97

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Appendix A to Supplement A
Agreed Upon Assumptions to Project the Benefits to Age 65
15
1.
Projected base pay increase of 4% to age 65
2. Target bonus percent increase of 4% to age 65
3. Average of the high & low of the ADP stock price on the day of the spin projected at 8% to age 65