(e) On September 26, 2008, the Compensation Committee of the Board of Directors of MWI Veterinary Supply, Inc. (the "Company") approved the annual base salary and bonus opportunity for each of the members of the executive leadership team for fiscal 2009. The fiscal 2009 base salary for each of the Company's named executive officers is as follows:

 Named Executive                                                             FY 2009
     Officer                               Title                           Base Salary
James F. Cleary        President and Chief Executive Officer              $     325,000

Mary Patricia B.       Senior Vice President of Finance and
Thompson               Administration, Chief Financial Officer            $     180,000

Jeffrey J.             Vice President of Sales
Danielson                                                                 $     151,720

John J. Francis        Vice President and General Manager, Specialty
                       Resources Group                                    $     148,320

James S. Hay           Vice President and Chief Information Officer       $     135,010

The Compensation Committee also established the maximum bonus opportunity for each of the members of the executive leadership team of the Company. The maximum bonus opportunity for fiscal 2009 is 100% of base salary for Mr. Cleary, 70% of base salary for Ms. Thompson, 60% of base salary for Messrs. Danielson and Francis, and 50% of base salary for Mr. Hay. Each executive officer will only receive payment of a bonus for fiscal year 2009 if financial performance targets based on the Company's budget, and/or individual performance goals for each executive officer are achieved.

On September 26, 2008 the Compensation Committee also approved grants of restricted stock of 5,000 shares to Mr. Cleary, 3,000 shares to Ms. Thompson and 1,000 shares each to Mr. Danielson, Mr. Francis and Mr. Hay. All of the grants of restricted stock vest 20 percent per year over a five year period.