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5 <br /> Exhibit B <br /> Compensation <br /> Compensation for Contractors' services under this Contract shall be on the basis of fully <br /> burdened hourly rates for each labor category of employees multiplied by the number of hours <br /> worked who will work on the project, plus Reimbursable Expenses, subject to the maximum <br /> stated in paragraph 4D of this Agreement. Reimbursable expenses are defined in Exhibit C. <br /> Burdened hourly rates for each labor category include direct labor costs, and all overhead and <br /> profit related to that hour of work. These rates are for 2004. An average rate adjustment of not <br /> more than 4 percent may be implemented for work occurring in 2005. The rate adjustments have <br /> been incorporated into the project budget and will not affect the not-to-exceed contract amount <br /> identified in paragraph 4D of the Agreement. <br /> Labor Category (individual) 2004 Rate <br /> Faculty $83 <br /> Graduate Student $31 <br /> Hourly Staff $16 <br /> 19 <br />