**JOHNSON & HIGGINS**

**OFFICE MEMORANDUM**

**TO:** Richard Michel - Cas 8 Dept.
**FROM:** Elaine Beeson - Finance Dept. Ext. 7568
**DATE:** 7/14/87
**SUBJECT:** Commission Difference for:
**Insurance Company:** Zurich American
**Client:** IBM Corp.
**Acct. No.:** 23055

Please review the attached commission differences and have financial adjustments and/or supporting documents verifying we are correct, sent to my attention.

**Invoice Number(s):** 220934 + 220910
**Per Inv. Co. We Took:** 101,055.00 @ 40.2% 60,430.89
101,047.00 @ 40.2% 60,426.11
**Total due Zurich:** 120,857.00

**Should be:**
- 59,381.00 @ 40.2% 35,509.84
- 41,674.00 @ 0% 41,674.00
- 101,055.00
- 59,381.00 @ 40.2% 35,509.84
- 41,666.00 @ 0% 41,666.00
- 101,047.00
- 154,359.68
- -120,857.00
- 33,502.68

**3357A - 45M**