Memorandum
Personal & confidential
To: All Jordan associate
From: Zaid Al Thaher on behalf of the legal personal committee
Date: May 7, 2009
Re: 2009 compensation
In response to unprecedented situation facing financial and legal markets throughout the world, the firm has determined to maintain Jordan associate compensation for 2009 at 2008 levels, we will be also reviewing closely compensation for non- Jordan associates, we regret the need to take this step, but believe this is the responsible thing to do, given the circumstances, we will continue to monitor developments which affect our business in our various markets over the coming months.
In the next few weeks, we will be considering, announcing and paying, bonus for 2008 performance. As in the past, bonuses will be determined based upon the performance of individual associates as well as the firms overall financial performance in 2008.
Please know that we appreciate the work you are doing on behalf of our clients, and your understanding of our actions.
If you have any questions about this announcement, please feel free to contact me.
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