Attention Senior Executives

It has recently come to the Board's attention that only 96% of all employees in the Senior Executive category received financial bonuses in fiscal year 2001-2002.

This shoddy achievement is a blot on the high standards traditionally associated with SEC and calls for rigorous action on the part of all employees to achieve a 100% bonus rating in present and future fiscal years.

It is impossible to provide accurate estimates of payroll expenditures if the payout of performance bonuses is allowed to fall below the 100% designated target.

Please ensure that steps are taken to ensure compliance with this directive No. 4527-5632210.

To ensure compliance, all managers must show due diligence in overseeing the emptying of wastepaper baskets on a strict 24 (twenty-four) hour rotation basis. It is anticipated that this additional duty will ensure 100% bonus ratings.

In exceptional cases this task may be delegated. If required, additional wastepaper personnel evacuators may be employed on a term basis, temporary positions to be designated bilingual imperative in accordance with the provisions of the Official Languages Act.

The Board appreciates the exceptional performance of the 96% of Senior Executives who qualified for bonuses in fiscal 2001-2002.

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