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Discounted Monthly Parking Available To:

All KWP Employees Based at the 9601 Wilshire Blvd Office

From:

Jim Ozello

Date:

August 8, 2005

Kennedy Wilson offers employees who work at the Beverly Hills office the ability to purchase monthly parking at a substantially discounted rate. Based on your election below, the monthly parking fee will be deducted from your paycheck. This deduction will occur on a before-tax basis during the end of month paycheck. Your deduction amount will, in turn, be forwarded to the parking attendant to cover your monthly parking expense for the following month. Please complete the attached Standard Parking Monthly Parking Agreement and this form and return to my attention. Please select one of the following options and complete the section below: I wish to pay for parking on level P-3/P-4 at a monthly cost of $50.00. I wish to pay for parking on level P-2 at a monthly cost of $70.00. I decline to purchase monthly parking through Kennedy Wilson at this time.

I authorize Kennedy Wilson to reduce my salary by the amount indicated above. I understand that my election will remain effective until I submit an updated form.

Signed:

Date:

Name:

Card No.:

Return this form to Jim Ozello Note the Following: • New employees may need to pay the first month’s fee directly to the parking attendant on level P-1. •

You are unable be reimbursed for this before-tax parking payment under the Transportation Reimbursement Incentive Program (TRIP). Contact the Benefits Department at (312) 654-3942 if you have questions.


9601_parking_election_form