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 | | Mellor's bonus compensation for the year 1996, which will be paid to him in 1997 when bonuses are paid to other senior executive officers of the Corporation, shall be in the amount of $1,750,000; (ii) that Mr. |
 | | Mellor; (iii) his bonus for the period January 1, 1997, through May 31, 1997, will be the pro rata amount of the bonus payable to him with respect to 1996 or $730,000, payable upon his resignation on May 31, 1997; and (iv) in lieu of Mr. |
 | | Mellor pursuant to Section 2 of the 1995 Employment Agreement shall be deferred until May 31, 1997, with interest thereon computed in accordance with the terms and provisions of Section 2 of said 1995 Employment Agreement. |
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