In April 2000, Mr. Brian D. Holt entered into a transaction bonus agreement with Thermo Electron Corporation providing that he will be entitled to receive a transaction bonus equal to 0.11% of the aggregate proceeds up to $410,000,000 from the sale of...

      In April  2000,  Xx.  Xxxxx  X.  Xxxx  entered  into a  transaction  bonus
agreement with Thermo Electron Corporation providing that he will be entitled to
receive a  transaction  bonus  equal to 0.11% of the  aggregate  proceeds  up to
$410,000,000  from the sale of the energy  and  environment  business  units for
which Xx. Xxxx is  responsible,  excluding  Thermo  Ecotek  Corporation.  If the
aggregate sale prices exceed $410,000,000, Xx. Xxxx would be entitled to receive
an additional bonus equal to 0.5% of the amount in excess of $410,000,000.