Exhibit 10.1

NIELSEN HOLDINGS PLC

SEVERANCE POLICY

FOR SECTION 16 OFFICERS AND UNITED STATES-BASED SENIOR EXECUTIVES

ARTICLE I

Purpose and Effectiveness

Nielsen Holdings plc (the “Company”) has adopted this Severance Policy for
Section 16 Officers and United States-Based Senior Executives (the “Policy”),
effective as of July 20, 2017, to provide eligible employees of the Company
Group the opportunity to receive severance benefits following a qualifying
termination of employment.  This Policy supersedes and replaces any preceding
policy, plan, agreement or understanding adopted by or entered into by the
Company relating to severance benefits for each Participant covered by this
Policy.  This Policy is intended to be a top hat welfare benefit plan under
ERISA, maintained for a select group of management or highly compensated
employees.  Notwithstanding any provision of this Policy to the contrary, the
CEO shall not become a Participant under this Policy until this Policy has been
approved by the Company’s shareholders in accordance with the requirements of
the Companies Act 2006 of the United Kingdom.  

The severance benefits provided for herein further the Company’s goals of
attracting and retaining executives, keeping senior executives focused on
pursuing transaction opportunities that are in the best interest of shareholders
and retaining key talent during times of substantial change or consolidation.

ARTICLE II

Definitions

For purposes of this Policy, the following words and phrases shall have the
meanings indicated below:

(a)“Average Bonus” means, as to any Participant, the average annual bonus earned
under the Executive Annual Incentive Plan (or any successor annual bonus
program) or other applicable annual incentive plan in which such Participant
participates immediately prior to the Date of Termination and paid by the
Company to the Participant for performance in the three fiscal years preceding
the Date of Termination (excluding any special or one-time bonuses or any
amounts not attributable to the applicable annual incentive plan).  If such
Participant did not receive a bonus (or received a prorated bonus) in any of
those three preceding fiscal years due to the Participant commencing employment
with the Company, the applicable period of employment (i.e. the other one or two
years of bonuses) shall be used to calculate the average. If such Participant is
terminated prior to having been paid any bonus with respect to a fiscal year,
then such Participant’s Average Bonus will be calculated with respect to such
fiscal year based on the Participant’s target bonus under the Executive Annual
Incentive Plan (or any successor annual bonus program) or other applicable
annual incentive plan in which such Participant participates immediately prior
to the Date of Termination.

(b)“Base Salary” means, as to any Participant, the amount the Participant is
entitled to receive as annual base salary without reduction for any pre-tax
contributions to benefit plans.  Base Salary does not include bonuses,
incentives, commissions, overtime pay, shift pay, premium pay, cost of living
allowances or income from stock options, stock grants or any other equity-based
awards.

(c)“Board” means the Board of Directors of the Company.

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(d)“Cause” means, with respect to any Participant, the occurrence of any one or
more of the following events:

(i)The Participant’s willful misconduct with regard to the Company Group;

(ii)The Participant’s conviction of, or entry into a plea of guilty or nolo
contendere to, a felony, a misdemeanor involving moral turpitude or an
intentional crime involving material dishonesty other than, in any case,
vicarious liability;

(iii)The Participant’s conduct involving the use of illegal drugs in the
workplace;

(iv)The Participant’s failure to attempt in good faith to follow a lawful
directive of his or her supervisor (or, in the case of the CEO, the Board)
within ten (10) days after written notice of such failure; or

(v)The Participant’s breach of any agreement with the Company Group which
continues beyond ten (10) business days after written demand for substantial
performance is sent to the Participant by the Company (to the extent that, in
the reasonable judgment of the Committee, such breach can be cured by the
Participant).

(e)“CEO” means the Chief Executive Officer of the Company.

(f)

“Change in Control” means any one or more of the following events:

(i)any “person” (as defined in Section 3(a)(9) of the Securities Exchange Act of
1934 as amended, or any successor thereto (the “Exchange Act”), as modified and
used in Sections 13(d) and 14(d) of the Exchange Act) or “group” (as such term
is used for purposes of Section 13(d) or 14(d) of the Exchange Act), other than
the Permitted Holders, is or becomes the Beneficial Owner (except that a
“person” shall be a “Beneficial Owner” of all shares that any such “person” has
the right to acquire, whether such right is exercisable immediately or only
after the passage of time), directly or indirectly, of more than 40% of the
total voting power of the voting stock of the Company (or any entity which
controls the Company), including by way of merger, consolidation, tender or
exchange offer or otherwise;

(ii)a reorganization, recapitalization, merger or consolidation (a “Corporate
Transaction”) involving the Company, unless securities representing 50% or more
of the combined voting power of the then outstanding voting securities entitled
to vote generally in the election of directors of the Company or the corporation
resulting from such Corporate Transaction (or the parent of such corporation)
are held subsequent to such transaction by the “person” or “persons” who were
the Beneficial Owners of the outstanding voting securities entitled to vote
generally in the election of directors of the Company immediately prior to such
Corporate Transaction;

(iii)during any rolling 12-month period looking back from any given date,
individuals who at the beginning of such period constituted the Board (together
with any new directors whose election by such Board or whose nomination for
election by the shareholders of the Company was approved by a vote of a majority
of the directors of the Company, then still in office, who were either directors
at the beginning of such period or whose election or nomination for election was
previously so approved (any such director, an “Incumbent Director”) cease for
any reason to constitute a majority of the Board, then in office; provided,
that, no individual shall be an Incumbent Director who is elected or nominated
as a director of the Company as a result of

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an actual or threatened election contest with respect to directors or as a
result of any other actual or threatened solicitation of proxies by or on behalf
of any “person” other than the Board; or

(iv)the sale, liquidation or disposition, in one or a series of related
transactions, of all or substantially all, of the assets of the Company to any
“person” or “group” other than the Permitted Holders.

In addition, if required to comply with Section 409A of the Code, the
transaction or event described above must also constitute a “change in the
ownership or effective control of the Company” or a “change in the ownership of
a substantial portion of the assets of the Company,” as defined in Treasury
Regulation §1.409A-3(i)(5).

(g) “Change in Control Protection Period” means the 24-month period immediately
following a Change in Control.

(h)“Clawback Policy” means the Company’s Clawback Policy (or any successor
policy thereto adopted by the Company).

(i)“Code” means the Internal Revenue Code of 1986, as amended.

(j)“Committee” means the Compensation Committee of the Board (or, in the absence
of such a committee, the Board).

(k)“Company Group” means the Company (or following a Change in Control, the
surviving company) and each of its subsidiaries and affiliates.

(l)“Date of Termination” means the earliest occurrence of any of the following:

(i)If the Participant’s employment is terminated by the Company for Cause or due
to Disability, the date on which the Participant is notified of such termination
in writing;

(ii) If the Participant’s employment is terminated by the Company without Cause
(and other than due to Disability), the date of termination set forth in the
notice pursuant to which the Company notifies the Participant of such
termination; provided, that, unless otherwise mutually agreed with such
Participant, such date of termination will be no later than thirty (30) days
after the date on which the Company sends such notification to the Participant;

(iii)If the Participant resigns with or without Good Reason, thirty (30) days
after the date on which the Company receives, from the Participant, written
notice of such resignation; provided, that, (A) if the Participant resigns
without Good Reason, the Company, in its discretion, may choose to waive all or
any portion of such 30-day notice period and provide an earlier Date of
Termination, and (B) if the Participant resigns for Good Reason, the event(s)
giving rise to Good Reason have not been cured during such 30-day notice period;
or

(iv)If the Participant’s employment is terminated by reason of death, the date
of the Participant’s death.

(m)“Disability” means, with respect to any Participant, “permanent disability”
as determined under the Company’s governing long-term disability plan or, if no
such plan exists or applies, such term will mean a determination that a person
is “totally disabled” by the Social Security Administration.

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(n)“ERISA” means the U.S. Employee Retirement Income Security Act of 1974, as
amended.

(o)“Good Reason” means, with respect to any Participant, the occurrence of any
one or more of the following events without a Participant’s prior written
consent:

(i)A reduction of the Participant’s Base Salary by greater than 10% as compared
to the Base Salary amount immediately prior to such reduction, other than in
connection with a general or across-the-board reduction of the base salaries of
similarly situated employees;

(ii)A material diminution of the Participant’s authority, duties or
responsibilities;

(iii)A change in Participant’s principal place of work to a location greater
than 50 miles from the Participant’s principal place of work immediately prior
to such a change; provided, that such change in location also materially
increases the distance of Participant’s commute;

(iv)The failure of any successor to the Company to assume this Policy and abide
by the material terms herein following a Change in Control; or

(v)For the CEO or any Group A Participant only, following a Change in Control,
any adverse change in the Participant’s reporting relationship, such that, if
the Participant is the CEO, such Participant no longer reports directly to the
Board and, if the Participant is not the CEO, such Participant no longer reports
to the CEO.

Notwithstanding the foregoing, a Participant shall not have Good Reason for
termination unless the Company receives, from such Participant, written notice
of termination for Good Reason within sixty (60) days after the event giving
rise to Good Reason occurs, specifying in reasonable detail the event(s) alleged
to constitute Good Reason, and the Company does not correct such event(s) within
thirty (30) days after the date on which the Company receives such written
notice of termination.

(p)“Group A Participant” means each Section 16 Officer other than the CEO.

(q)“Group B Participant” means any employee of the Company Group (i) designated
by the Company as either a Band I Executive or a Band II Executive and (ii) who
is primarily employed in the United States.

(r)“Participant” means each of the CEO, the Group A Participants and the Group B
Participants.

(s)“Permitted Holder”  means any and all of an employee benefit plan (or trust
forming a part thereof) maintained by (A) the Company or (B) any corporation or
other person of which a majority of its voting power of its voting equity
securities or equity interest is owned, directly or indirectly, by the Company.

(t)“Qualifying Termination” means a termination of employment with the Company
Group by either:

(i)the Company Group without Cause (other than due to death or Disability); or

(ii)the Participant for Good Reason.

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(u)“Section 16 Officer” means an officer of the Company who is subject to the
reporting rules under Section 16 of the Exchange Act.

(v)“Severance Period” means (i) with respect to the CEO, the 24-month period
immediately following the Date of Termination, (ii) with respect to any Group A
Participant, if the Date of Termination falls outside of the Change in Control
Protection Period, the 12-month period immediately following such Date of
Termination and, if the Date of Termination falls within the Change in Control
Protection Period, the 24-month period immediately following such Date of
Termination, and (iii) with respect to any Group B Participant, the 12-month
period following such Date of Termination, in each case, if that termination is
determined to be a Qualifying Termination.

ARTICLE III

Administration

3.1Interpretation.  This Policy shall be interpreted, administered and operated
by the Committee, which may delegate its duties and powers in whole or in part
to any subcommittee thereof or such other persons from time to time as it may
designate; provided that, the Committee may not delegate its authority to
administer this Policy with respect to any Section 16 Officer except to a
subcommittee of the Committee.  The Committee is authorized to interpret this
Policy, to establish, amend and rescind any rules and regulations relating to
this Policy, to resolve ambiguities under this Policy, and to make any other
determinations that it deems necessary or desirable for the administration of
this Policy.  The Committee shall have the full power and authority, in its sole
discretion but subject to the provisions of this Policy, including, without
limitation, to determine who shall be a Band I Executive or a Band II Executive
(and therefore a Group B Participant hereunder) and to establish the terms and
conditions of any payment or benefit payable under this Policy.  Any decision of
the Committee in the interpretation and administration of this Policy, as
described herein, shall lie within its sole and absolute discretion and shall be
final, conclusive and binding on all parties concerned (including, but not
limited to, Participants and any of their beneficiaries or successors). Whenever
this Policy refers to a number of days, such number shall refer to calendar days
unless business days are specified.

3.2Related Expenses.  All expenses and liabilities which members of the
Committee or any subcommittee, or any delegatees thereof, incur in connection
with the administration of this Policy shall be borne by the Company. The
Committee or any subcommittee, or delegatees thereof, may employ attorneys,
consultants, accountants, appraisers, brokers, or other persons in connection
with such administration, and the Committee, any subcommittee (and delegatees
thereof), the Company and the Company’s officers and directors shall be entitled
to rely upon the advice, opinions or valuations of any such persons.  No member
of the Committee or any subcommittee, or any delegatees thereof, shall be
personally liable for any action, determination or interpretation made in good
faith with respect to this Policy and all members of the Committee and any
subcommittee, and the delegatees thereof, shall be fully protected by the
Committee in respect of any such action, determination or interpretation.

ARTICLE IV

Eligibility and Exclusive Participation

4.1Determination of Eligibility.  Each employee who is either (a) a Section 16
Officer, or (b) an employee who is not a Section 16 Officer but who has been
designated as a Band I Executive or a Band II Executive by the Company, shall be
a Participant who is eligible to receive payments and benefits under this
Policy.

4.2Exclusivity.  None of the Participants shall be eligible to receive any other
severance payments or severance benefits under any other severance plan, policy
or program of the Company, or pursuant to the

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terms of any employment or other agreement with the Company, as may be in effect
from time to time.  Any severance payments or severance benefits payable to a
Participant under this Policy shall be in lieu of any severance payments or
benefits to which such Participant may otherwise have been entitled to pursuant
to any other severance plan, policy or program of the Company, or pursuant to
the terms of any employment or other agreement with the Company.  For the
avoidance of doubt, any Participant will also be eligible for any benefits
provided upon termination pursuant to the Amended and Restated Nielsen Holdings
2010 Stock Incentive Plan or other applicable equity incentive plan maintained
by the Company.

ARTICLE V

Termination Benefits and Payments

5.1Payment of Accrued Benefits Following Any Termination.  If a Participant
incurs a termination of employment for any reason at any time, the Participant
or the Participant’s estate, as applicable, shall be entitled to receive the
following payments and benefits:

5.1.1Payment of any (a) unpaid Base Salary, as accrued through the Date of
Termination, and (b) unpaid expense reimbursement owed to Participant as of the
Date of Termination.  This payment will be in the form of a single lump-sum
payment within 30 days following the Date of Termination (or earlier, to the
extent required by applicable law).

5.1.2Except for a termination by the Company for Cause, payment of any earned
but unpaid annual bonus for any fiscal year preceding the fiscal year of the
Date of Termination, payable in a single lump-sum on the date on which annual
bonuses are paid to other similarly situated employees of the Company.

5.2Severance Payments Upon a Qualifying Termination Outside of the Change in
Control Protection Period.  If a Participant incurs a Qualifying Termination at
any time outside of the Change in Control Protection Period, then such
Participant shall be entitled to receive the following severance payments,
subject to compliance with Article VI of this Policy:

5.2.1With regard to the CEO, an amount equal to the product of (a) 2 multiplied
by (b) the sum of the CEO’s Base Salary plus the CEO’s Average Bonus, which
amount shall be paid during the length of the Severance Period beginning on the
first payroll date following the date on which the Severance Agreement (as
defined below) becomes irrevocable and in accordance with the Company’s usual
payroll practices (except as is otherwise provided in Section 7.6 below).

5.2.2With regard to a Group A Participant or a Group B Participant, an amount
equal to the sum of the Participant’s Base Salary plus the Participant’s Average
Bonus, which amount shall be paid during the length of the Severance Period
beginning on the first payroll date following the date on which the Severance
Agreement becomes irrevocable and in accordance with the Company’s usual payroll
practices (except as is otherwise provided in Section 7.6 below).

5.3Severance Payments Upon a Qualifying Termination During the Change in Control
Protection Period.  If a Participant incurs a Qualifying Termination at any time
during the Change in Control Protection Period, the Participant shall be
entitled to receive the following severance payments (in lieu of the severance
payments provided in Section 5.2 above), subject to compliance with Article VI
of this Policy:

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5.3.1With regard to the CEO or a Group A Participant, an amount equal to the
product of (a) 2 multiplied by (b) the sum of the Participant’s Base Salary plus
the Participant’s Average Bonus, which amount shall be paid in a single lump sum
on the first payroll date following the date on which the Severance Agreement
becomes irrevocable (except as is otherwise provided in Section 7.6 below).

5.3.2With regard to a Group B Participant, an amount equal to the sum of the
Participant’s Base Salary plus the Participant’s Average Bonus, which amount
shall be paid during the length of the Severance Period beginning on the first
payroll date following the date on which the Severance Agreement becomes
irrevocable and in accordance with the Company’s usual payroll practices (except
as is otherwise provided in Section 7.6 below).

5.4Payment of Additional Benefits Following a Qualifying Termination.  If a
Participant incurs a Qualifying Termination at any time, the Participant shall
be entitled to receive the following additional payments and benefits, subject
to compliance with Article VI of this Policy:

5.4.1Pro rata annual bonus for the fiscal year in which the Date of Termination
occurs, based on the Company’s actual performance, which pro rata bonus, if any,
shall be paid to the Participant at such time as bonuses are paid to other
similarly situated employees of the Company.  

5.4.2In the event a Participant elects under the Consolidated Omnibus Budget
Reconciliation Act of 1985 (“COBRA”) to continue health care coverage under the
Company’s group health benefits plans, such Participant will be required to pay
the premiums for coverage of such Participant and such Participant’s eligible
dependents, but a portion of such premiums will be reimbursed by the Company for
a period of time equal to the Severance Period (beginning on the date such
premiums begin) such that the Participant shall continue to pay the same amount
of monthly premiums as in effect for an active employee with the same coverage;
provided, that if the Participant becomes eligible for coverage under the group
health benefit plans of a subsequent employer, the reimbursement of such
premiums shall cease to be effective as of the date the Participant becomes
eligible for such health coverage.  Notwithstanding the foregoing, (a) if any
plan pursuant to which the Company is providing such coverage is not, or ceases
to be, exempt from the application of Code Section 409A under Treasury
Regulation Section 1.409A-1(a)(5), or (b) the Company is otherwise unable to
continue to cover the Participant under its group health plans or the
continuation of such coverage would result in adverse tax consequences for the
Participant or the imposition of fines or penalties on the Company, then, in
either case, an amount equal to the difference between the full monthly COBRA
premium payment and the current monthly premium the Participant would have paid
as an active employee shall thereafter be paid to the Participant as currently
taxable compensation in substantially equal monthly installments over the
Severance Period, or the remaining portion thereof.

5.4.3Outplacement assistance and support services for one year following the
Date of Termination in accordance with the Company’s policy in effect on the
Date of Termination.

5.5Rules for Participation by Section 16 Officers Employed Primarily Outside the
United States.  With respect to any Section 16 Officer who is employed primarily
in a non-United States jurisdiction, the severance benefits provided in this
Policy (a) will be reduced by any notice period (or payment in lieu of notice)
and/or separation payments required by applicable law, and (b) will be increased
if necessary to ensure that such Section 16 Officer receives all of the
severance benefits he or she is entitled to receive under applicable law.

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ARTICLE VI

Release of Claims and Restrictive Covenants

6.1Release and Other Conditions to Severance. Any payments or benefits that may
be provided to a Participant under Section 5.2, Section 5.3 and/or Section 5.4
of this Policy shall be conditioned upon the following events:

6.1.1The Participant’s execution, delivery and non-revocation of an effective
release of claims against the Company Group, in substantially the form attached
hereto as Exhibit A (as modified to the extent necessary to comply with the
applicable law of the jurisdiction in which such Participant was primarily
employed prior to the Date of Termination, the “Severance Agreement”), which
Severance Agreement shall be delivered to the Participant within five (5) days
following the Date of Termination and which must be executed (and not revoked)
by the Participant within 60 days following the Date of Termination (the
“Release Period”);

6.1.2At the Company’s request, the Participant’s return of all property
belonging to the Company Group (including, but not limited to, any Company
Group-provided laptops, computers, cell phones, wireless electronic mail devices
or other equipment, or documents and property belonging to the Company Group);

6.1.3The Participant’s continued compliance with the conditions set forth in
Section 6.2; and

6.1.4Notwithstanding anything herein to the contrary, if the Committee
determines, in its reasonable good faith and discretion, that a Participant has
not satisfied any of the conditions precedent or subsequent in Section 6.2,
(a) any entitlement of the Participant to receive any payments or benefits due
under this Policy (other than pursuant to Section 5.1) shall be forfeited, and
(b) the Participant shall be obligated to promptly repay the Company all amounts
of payments and benefits the Participant previously received under this Policy
(other than pursuant to Section 5.1); provided, that if a court subsequently
determines that the Participant did satisfy such conditions, the Participant’s
entitlement to receive such payments and benefits shall be reinstated in
accordance with the terms thereof.

6.2Compliance with Restrictive Covenants. As a condition precedent and
subsequent to the initial and continued receipt of any payments or benefits
provided to a Participant under Sections 5.2, 5.3 and/or 5.4 of this Policy, the
Participant must comply with any restrictive covenants to which such Participant
is subject pursuant to the Severance Agreement or any other agreement to which
such Participant is a party with any member of the Company Group.

ARTICLE VII

Section 409A

7.1Interpretation and Compliance.  To the extent applicable, this Policy shall
be interpreted and applied in accordance with Section 409A of the Code and any
regulations and other interpretive guidance issued thereunder.  Notwithstanding
any provision of this Policy to the contrary, to the extent that the Committee
determines that any payments or benefits under this Policy may not be compliant
with or exempt from Section 409A of the Code and related guidance, the Committee
may at its sole discretion adopt such amendments to this Policy or take such
other actions that the Committee determines are necessary or appropriate to
(a) exempt the compensation and benefits payable under this Policy from
Section 409A of the Code and/or preserve the intended tax treatment of such
compensation and benefits, or (b) comply with the requirements of Section 409A
of the Code and related guidance; provided, that this

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Section 7.1 shall not create any obligation on the part of the Committee to
adopt any such amendment or take any other action.

7.2Delay of Payments.  Notwithstanding anything to the contrary in this Policy,
no amounts shall be paid to any Participant under this Policy during the 6-month
period following such Participant’s Date of Termination to the extent that the
Committee reasonably determines that paying such amounts at the time or times
indicated in this Policy would result in a prohibited distribution under
Section 409A(a)(2)(b)(i) of the Code.  If the payment of any such amounts is
delayed as a result of the previous sentence, then on the first business day
following the end of such 6-month period (or such earlier date upon which such
amount can be paid under Section 409A of the Code without resulting in a
prohibited distribution, including as a result of the Participant’s death), the
Participant shall receive payment of a lump-sum amount equal to the cumulative
amount that would have otherwise been payable to the Participant during such
6-month period without interest thereon.

7.3Separation from Service.  Notwithstanding anything to the contrary herein, to
the extent required by Section 409A of the Code, a termination of employment
shall not be deemed to have occurred for purposes of any provision of this
Policy providing for the payment of amounts or benefits upon or following a
termination of employment unless such termination is also a Separation from
Service with the Company, as set forth in Section 409A of the Code and Treasury
Regulation Section 1.409A-1(h).  For purposes of any such provision of this
Policy, references to a “resignation,” “termination,” “termination of
employment” or like terms shall mean Separation from Service.

7.4Separate Payments.  For purposes of Section 409A of the Code, each payment
made under this Policy shall be designated as a “separate payment” within the
meaning of Section 409A of the Code.

7.5Reimbursement Payments.  Notwithstanding anything to the contrary herein,
except to the extent any expense, reimbursement or in-kind benefit provided
pursuant to this Policy does not constitute a “deferral of compensation” within
the meaning of Section 409A of the Code, (a) the amount of expenses eligible for
reimbursement or in-kind benefits provided to the Participant during any
calendar year will not affect the amount of expenses eligible for reimbursement
or in-kind benefits provided to the Participant in any other calendar year,
(b) the reimbursements for expenses for which the Participant is entitled shall
be made on or before the last day of the calendar year following the calendar
year in which the applicable expense is incurred, and (c) the right to payment
or reimbursement or in-kind benefits hereunder may not be liquidated or
exchanged for any other benefit.

7.6Release Period Straddles Two Calendar Years.  Notwithstanding Sections 5.2
and 5.3 to the contrary, to the extent required by Section 409A of the Code, if
the Release Period begins in one calendar year and ends in the next calendar
year, the severance payment (or, in the case of payments pursuant to Section
5.2, the first installment of the severance payment) described therein shall be
paid on the first regularly scheduled payroll date that occurs in the second
(2nd) calendar year (and, in the case of payments pursuant to Section 5.2, such
installment shall include all payments that would otherwise have been paid prior
to such date).  In other words, a Participant is not permitted to influence the
calendar year of payment based on the timing of his signing of the Severance
Agreement.

ARTICLE VIII

Section 280G

8.1Best-After-Tax Cutback.  Notwithstanding any other provisions of this Policy
to the contrary, if any payment or benefit received or to be received by a
Participant, whether pursuant to the terms of this Policy or any other plan,
arrangement or agreement (all such payments and benefits being hereinafter
referred to as the “Total Payments”), would be subject (in whole or part), to
the excise tax imposed under

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Section 4999 of the Code (the “Excise Tax”), then, after taking into account any
reduction in the Total Payments provided by reason of Section 280G of the Code
in such other plan, arrangement or agreement, the Total Payments shall be
reduced, as set forth herein, to the extent necessary such that no portion of
the Total Payments is subject to the Excise Tax, but only if the net amount of
such Total Payments, as so reduced (and after subtracting the net amount of
federal, state and local income taxes on such reduced Total Payments), is
greater than the net amount of such Total Payments without such reduction (but
after subtracting the net amount of federal, state and local income taxes on
such Total Payments and the amount of Excise Tax to which the Participant would
be subject in respect of such unreduced Total Payments).  The Total Payments
shall be reduced by the Company or the Committee in its reasonable
discretion.  No such reduction shall apply to any such payment or benefit that
constitutes “nonqualified deferred compensation” (within the meaning of
Section 409A of the Code) to the extent that such reduction would result in any
prohibited acceleration or additional tax under Section 409A of the Code.

8.2Total Payments.  For purposes of determining whether and the extent to which
the Total Payments will be subject to the Excise Tax, (a) no portion of the
Total Payments the receipt or enjoyment of which the Participant has waived at
such time and in such manner as not to constitute a “payment” within the meaning
of Section 280G(b) of the Code shall be taken into account, (b) no portion of
the Total Payments shall be taken into account which, in the opinion of an
independent nationally recognized accounting firm or consulting firm
(“Independent Advisors”) selected by the Company, does not constitute a
“parachute payment” within the meaning of Section 280G(b)(2) of the Code
(including by reason of Section 280G(b)(4)(A) of the Code) and, in calculating
the Excise Tax, no portion of such Total Payments shall be taken into account
which, in the opinion of Independent Advisors, constitutes reasonable
compensation for services actually rendered, within the meaning of
Section 280G(b)(4)(B) of the Code, in excess of the Base Amount (as defined in
Section 280G(b)(3) of the Code) allocable to such reasonable compensation, and
(c) the value of any non-cash benefit or any deferred payment or benefit
included in the Total Payments shall be determined by the Independent Advisors
in accordance with the principles of Sections 280G(d)(3) and 280G(d)(4) of the
Code.

ARTICLE IX

Miscellaneous

9.1No Waiver.  No waiver by the Company or any Participant, as the case may be,
at any time of any breach by the other party of, or of any lack of compliance
with, any condition or provision of this Policy to be performed by such other
party shall be deemed a waiver of similar or dissimilar provisions or conditions
at the same or at any prior or subsequent time. All other plans, policies,
agreements and arrangements of the Company in which a Participant participates
during the term of this Policy shall be interpreted so as to avoid the
duplication of benefits paid hereunder.

9.2No Right to Employment.  Nothing contained in this Policy or any documents
relating to this Policy shall (a) confer upon any Participant any right to
continue as a Participant or in the employ or service of any member of the
Company Group, (b) constitute any contract or agreement of employment, or
(c) interfere in any way with any “at-will” nature (if applicable) of the
Participant’s employment with the Company Group.

9.3Unfunded Obligations. The amounts to be paid to any Participant under the
Policy are unfunded obligations of the Company. The Company is not required to
segregate any monies or other assets from its general funds with respect to
these obligations. Participants shall not have any preference or security
interest in any assets of the Company other than as a general unsecured
creditor.

9.4Assignment.  Except as otherwise provided herein or by law, no right or
interest of any Participant under this Policy shall be assignable or
transferable, in whole or in part, either directly or by

10

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operation of law or otherwise, including, without limitation, by execution,
levy, garnishment, attachment, pledge or in any manner; no attempted assignment
or transfer thereof shall be effective; and no right or interest of any
Participant under this Policy shall be liable for, or subject to, any obligation
or liability of such Participant. When a payment is due under this Policy to a
Participant who is unable to care for his or her affairs, payment may be made
directly to the Participant’s legal guardian or personal
representative.  Notwithstanding the foregoing, if a Participant dies while any
amount would still be payable to the Participant hereunder (other than amounts
which, by their terms, terminate upon the death of the Participant) if the
Participant had continued to live, all such amounts, unless otherwise provided
herein, shall be paid in accordance with the terms of this Policy to the
executors, personal representatives or administrators of the Participant’s
estate.

9.5Tax Withholding.  All amounts payable under the terms of this Policy shall be
subject to withholdings for applicable federal, state, local or non-U.S. taxes
and other required payroll deductions.

9.6Governing Law.  It is intended that this Policy be an “employee welfare
benefit plan” within the meaning of Section 3(1) of ERISA, and this Policy shall
be administered in a manner consistent with such intent. This Policy and all
rights hereunder shall be governed, construed and interpreted in accordance with
ERISA and, to the extent not preempted by federal law, the laws of the State of
New York.

9.7Validity; Severability.  The invalidity or unenforceability of any provision
of this Policy shall not affect the validity or enforceability of any other
provision of this Policy, which shall remain in full force and effect.

9.8Recovery of Overpayments. Notwithstanding the foregoing, the Committee shall
have the power, discretion, and authority to take any and all actions it deems
necessary or advisable to recover any overpayments made under this Policy,
including deducting the amount of any such overpayments made to any Participant
from any future payments or benefits to be made or provided to such Participant.

9.9Clawback/Forfeiture.  Notwithstanding any provision herein to the contrary,
the payment of any amount or provision of any benefit pursuant to Section 5.2,
Section 5.3 and/or Section 5.4 above shall be conditioned upon and subject to
the Clawback Policy.

9.10Claims Procedure.  With respect to any claim for benefits which are provided
for under this Policy, the claim shall be approved or denied by the Committee or
a panel designated by the Committee within 90 days following the receipt of the
information necessary to process the claim.  If the Committee denies a claim for
benefits in whole or in part, it will give written notice of the decision to the
claimant or the claimant’s authorized representative, setting forth the specific
reasons for such denial, make specific reference to the pertinent Policy
provisions on which the decision was based, and provide any other additional
information as may be required by Section 503 of ERISA and the regulations
thereunder.

9.11Termination and Amendment.  This Policy, including any exhibits attached
hereto, may be amended or terminated, and any provision thereof may be modified
or waived, for one or more Participants at any time by the Committee in its sole
discretion, in any case, so long as such amendment, termination or modification
does not affect any benefits to which a Participant is entitled pursuant to a
termination of employment or resignation occurring prior to the date such
amendment, termination or modification becomes effective.  Notwithstanding the
foregoing, this Policy may not be amended in any manner that is adverse to a
Participant without such Participant’s prior written consent at any time during
the two (2) year period immediately following a Change in Control.

9.12Successors.  Any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company shall assume this Policy

11

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and all obligations of the Company hereunder in the same manner and to the same
extent that the Company would be so obligated if no such succession had taken
place.

9.13Notice of Termination. Any purported termination of a Participant’s
employment by the Company with or without Cause or resignation by the
Participant for Good Reason shall be communicated by a Notice of Termination to
the other party given in accordance with this Sections 9.13 and 9.14. The
failure by the Participant or the Company to set forth in the Notice of
Termination any fact or circumstance which contributes to a showing of Good
Reason or Cause shall not waive any right of the Participant or the Company,
respectively, under this Policy or preclude the Participant or the Company from
asserting such fact or circumstance in enforcing the Participant’s or the
Company’s rights under this Policy.

9.14Notices and other Communication.  For the purpose of this Policy, notices
and all other communications provided for in this Policy shall be given in
writing and delivered by hand or sent by certified mail, and shall be deemed
effectively given upon receipt or, in the case of notices delivered by the
Company to the Participant, five (5) days after deposit in the United States
mail and, if to the Company, to the address set forth below:

To the Company:

Nielsen Holdings plc

Attention: Chief Legal Officer

40 Danbury Rd.

Wilton, Connecticut 06897

12

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As adopted by the Compensation Committee

of the Board of Directors of Nielsen Holdings plc

on July 20, 2017.

 

 

 

 

NIELSEN HOLDINGS PLC

 

 

By:

 

 

Name:

 

13

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Exhibit A

FORM OF SEVERANCE AGREEMENT AND RELEASE

THIS SEVERANCE AGREEMENT AND RELEASE (the “Agreement”) is made by and between
________________________ residing at ____________________ (the “Participant”)
and Nielsen Holdings plc, a company incorporated under the laws of England and
Wales, having its registered office in the United Kingdom (the “Company” and
together with its subsidiaries and affiliates, the “Company Group”).

WITNESSETH:

WHEREAS, the Participant has been employed by the Company Group since the date
specified in the Appendix; and

 

WHEREAS, the parties to this Agreement desire to enter into an agreement in
order to provide certain severance benefits to the Participant pursuant to the
terms of the Nielsen Holdings plc Severance Policy for Section 16 Officers and
United States-Based Senior Executives (the “Policy”);

 

NOW, THEREFORE, in consideration of the mutual covenants and promises
hereinafter provided and of the actions taken pursuant thereto, the parties
agree as follows:

1.The Participant’s employment with the Company Group, and the Participant’s
membership on any committees, is terminated as of the “Date of Termination”
specified in the Appendix.

2.Effective on such date, the Participant will incur a “Qualifying Termination”
under the Policy, a summary plan description of which the Participant hereby
acknowledges receipt, and will, accordingly, be entitled to the benefits set
forth therein subject to the terms and conditions of such Policy and this
Agreement.  A summary of the benefits to which the Participant is entitled under
the Policy is set forth in the Appendix.

3.Through the “Severance Period” specified in the Appendix, the Participant will
be reasonably available to consult on matters and will cooperate fully with
respect to any claims, litigations or investigations, relating to the Company
Group.  No reimbursement for expenses incurred after the commencement of a
period of inactive employee status, or if there is no such period, after
termination of employment, shall be made to the Participant unless authorized in
advance by the Company.

4.All records, files, drawings, documents, models, disks, equipment and the like
relating to the businesses of the Company Group shall remain the sole property
of the Company Group and shall not be removed from the premises of the Company
Group.  The Participant further agrees to return to the Company Group any
property of the Company Group that the Participant may have, no matter where
located, and not to keep any copies or portions thereof.

5.The Participant shall not make any derogatory statements about the Company
Group and shall not make any written or oral statement, news release or other
announcement relating to the Participant's employment by the Company Group or
relating to the Company Group, its subsidiaries, customers or personnel, which
is designed to embarrass or criticize any of the foregoing.  Nothing in this

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Agreement shall be construed to limit, impede or impair the right of the
Participant to engage in Protected Activity (as defined below).

6.In consideration of the Company entering into this Agreement with the
Participant and subject to the consequences set forth in Paragraph 9 below, the
Participant shall not, directly or indirectly, (i) at any time during or after
the Participant’s employment with the Company Group, disclose any Confidential
Information (as defined below) except (A) when required to perform his or her
duties to the Company Group, (B) as required by law or judicial process, or
(C) in connection with any Protected Activity by the Participant; or (ii) at any
time during the Participant’s employment with the Company Group and for the
duration of the Severance Period (A) associate with (whether as a proprietor,
investor, director, officer, employee, consultant, partner or otherwise) or
render services to any business that competes with the business of the Company
Group, in any geographic or market area where the Company Group conducts
business or provides products or services (or which the Participant has
knowledge, at the time in question, that the Company Group has plans to commence
engaging in within twelve (12) months); provided, however, that nothing herein
shall be deemed to prohibit the Participant’s ownership of not more than 2% of
the publicly-traded securities of any competing business, (B) induce, influence,
encourage or solicit in any manner any client, prospective client with which the
Participant had interactions in connection with his/her employment in the 18
months prior to termination of the Participant’s employment with the Company
Group, vendor or supplier of the Company Group, to cease or reduce doing
business with the Company Group or to do business with any business in
competition with the business of the Company Group, or (C) solicit, recruit, or
seek to hire, or otherwise assist or participate in any way in the solicitation
or recruitment of, any person who has been employed or engaged by the Company
Group at any time during the 6 months immediately preceding the termination of
the Participant’s employment, or induce, influence, or encourage in any manner,
or otherwise assist or participate in any way in the inducement, influence or
encouragement of, any such person to terminate his or her employment or
engagement with the Company Group or (D) hire or otherwise assist or participate
in any way in the hiring of, any person who has been employed or engaged by the
Company Group at any time during the 6 months immediately preceding the
termination of the Participant’s employment.  The provisions hereof shall be in
addition to and not in derogation of any other agreement covering similar
matters to which the Participant and the Company Group or any subsidiary or
affiliate thereof are parties.  For purposes of this agreement, the “business of
the Company Group” means consumer purchasing measurement and analytics, media
audience measurement and analytics, and any other line of business in which the
Company Group is engaged at the time of the termination of the Participant’s
employment (or which the Participant has knowledge, at the time in question,
that the Company Group has plans to commence engaging in within twelve (12)
months). If the Participant is primarily providing services in California at the
time the Participant’s employment with the Company Group terminates, then
sub-clauses (A), (B) and (D) of clause (ii) of this Paragraph 6 shall not apply
following such termination.

7.If the Participant performs services for an entity other than the Company
Group at any time prior to the end of the Severance Period (whether or not such
entity is in competition with the Company Group), the Participant shall notify
the Company on or prior to the commencement thereof.  To “perform services”
shall mean employment or services as an employee, consultant, owner, partner,
associate, agent or otherwise on behalf of any person, principal, partnership,
firm or corporation.

8.“Confidential Information” shall include all trade secrets and proprietary or
other confidential information owned, possessed or used by the Company in any
form, whether or not explicitly designated as confidential information,
including, without limitation, business plans, strategies, customer lists,
customer projects, cooperator lists, personnel information, financial
information, pricing information, cost information, methodologies, software,
data, and product research and development.  Confidential Information shall not
include any information that is generally known to the industry or the

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public other than as a result of the Participant’s breach of this covenant or
any breach of other confidentiality obligations by the Participant, employees or
third parties.

9.If at any time a court holds that the restrictions stated in Paragraph 6 above
are unreasonable or otherwise unenforceable under circumstances then existing,
the parties hereto agree that the maximum period, scope or geographic area
determined to be reasonable under such circumstances by such court will be
substituted for the stated period, scope or area or, if the court does not
undertake such substitution, then the remainder of Paragraph 6 shall be given
full effect without regard to the invalid portion.  Because the Participant’s
services are unique and because the Participant has had access to Confidential
Information, the parties hereto agree that money damages will be an inadequate
remedy for any breach of this Agreement.  In the event of a breach or threatened
breach of this Agreement, the Company or its successors or assigns may, in
addition to other rights and remedies existing in their favor, (i) apply to any
court of competent jurisdiction for specific performance and/or injunctive
relief in order to enforce, or prevent any violations of, the provisions hereof
(without the posting of a bond or other security) or (ii) the Company may cease
all payments or other benefits required to be made to the Participant under this
Agreement and/or the Policy.  Notwithstanding any remedy sought by the Company
under this Paragraph, the release provisions of Paragraphs 12, 13 and 14 shall
remain in full force and effect.

10.The Participant acknowledges that the restrictions in Paragraph 6 above are
not greater than required to protect the Company Group’s legitimate business
interests, including without limitation the protection of its Confidential
Information and the protection of its client relationships, and are reasonably
limited in time or duration, geography and scope of activity.  The Participant
further acknowledges that, viewed separately or together, the restrictions in
Paragraph 6 above do not unfairly or unreasonably restrict the Participant’s
ability to obtain other comparable employment, earn a living, work in any
particular area or otherwise impose an undue hardship on Participant.

11.Protected Activity.  Nothing in this Agreement shall prohibit or impede the
Participant from communicating, cooperating or filing a complaint with any U.S.
federal, state or local governmental or law enforcement branch, agency or entity
(collectively, a “Governmental Entity”) with respect to possible violations of
any U.S. federal, state or local law or regulation, or otherwise making
disclosures to any Governmental Entity, in each case, that are protected under
the whistleblower provisions of any such law or regulation; provided, that in
each case such communications and disclosures are consistent with applicable
law.  An individual shall not be held criminally or civilly liable under any
federal or state trade secret law for the disclosure of a trade secret that is
made (i) in confidence to a federal, state, or local government official or to
an attorney solely for the purpose of reporting or investigating a suspected
violation of law, or (ii) in a complaint or other document filed in a lawsuit or
other proceeding, if such filing is made under seal.  An individual who files a
lawsuit for retaliation by an employer for reporting a suspected violation of
law may disclose the trade secret to the attorney of the individual and use the
trade secret information in the court proceeding, if the individual files any
document containing the trade secret under seal, and does not disclose the trade
secret, except pursuant to court order.  Except as otherwise provided in this
paragraph or under applicable law, under no circumstance is the Participant
authorized to disclose any information covered by the Company Group’s
attorney-client privilege or attorney work product, or the Company Group’s trade
secrets, without the Company’s prior written consent.  The Participant does not
need the prior authorization of (or to give notice to) the Company regarding any
communication, disclosure, or activity described in this Paragraph.

12.To the fullest extent permitted by law, the Participant, for the Participant,
the Participant's family, heirs, representatives, successors and assigns
releases and forever discharges the Company Group and its successors, assigns,
subsidiaries, affiliates, directors, officers, employees, attorneys, agents and
trustees or administrators of any Company Group plan from any and all claims,
demands, debts, damages,

096412-0004-16811-Active.22400881.19

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injuries, actions or rights of action of any nature whatsoever, whether known or
unknown, whether brought by or on behalf of the Participant, which the
Participant had, now has or may have against the Company Group, its successors,
assigns, subsidiaries, affiliates, directors, officers, employees, attorneys,
agents and trustees or administrators of any Company Group plan, from the
beginning of the Participant's employment to and including the date of this
Agreement relating to or arising out of the Participant's employment with the
Company Group or the termination of such employment, including, but not limited
to, any claim under the Civil Rights Acts (including Title VII of the Civil
Rights Act of 1964), the Employee Retirement Income Security Act of 1974, the
Age Discrimination in Employment Act of 1967, the Americans with Disabilities
Act, the Worker Adjustment and Retraining Notification Act (all as amended)
and/or any other local, state or federal law, order or regulation dealing with
employment or the termination thereof, other than (i) a claim with respect to a
vested right the Participant may have to receive benefits under any plan
maintained by the Company Group, (ii) any claim that cannot be waived as a
matter of law or public policy of the state whose law governs the claim, (iii)
any rights to indemnification (including the advancement of legal fees) or
expense reimbursement under any agreement between the Participant and any member
of the Company Group or any organizational document of any member of the Company
Group, or pursuant to any director’s and officer’s liability insurance policy,
or (iv) any right of the Participant in his or her capacity as an equityholder
of the Company’s securities.

13.To the fullest extent permitted by law, the Participant covenants that
neither the Participant, nor any of the Participant's respective heirs,
representatives, successors or assigns, will commence, prosecute or cause to be
commenced or prosecuted against the Company or any of its successors, assigns,
subsidiaries, affiliates, directors, officers, employees, attorneys, agents and
trustees or administrators of any Company Group plan any action or other
proceeding (other than those charges, claims or complaints with those
administrative agencies which as a matter of law the Participant may not be
prohibited from filing) based upon any claims, demands, causes of action,
obligations, damages or liabilities which are being released by this Agreement,
although the Company’s acknowledgement of this exception does not limit the
scope of the waiver and release stated in Paragraph 12 above.  The Participant
further agrees not to seek to challenge the validity of this Agreement, except
that this covenant not to sue set forth in this Paragraph 13 does not affect the
Participant's future right to enforce appropriately the terms of this Agreement
in a court of competent jurisdiction or to challenge the validity of this
Agreement under the Age Discrimination in Employment Act of 1967, as amended.

[[TO BE INCLUDED IF PARTICIPANT IS A RESIDENT OF CALIFORNIA]The Participant has
read Section 1542 of the California Civil Code, which states in full: “A general
release does not extend to claims which the creditor does not know or suspect to
exist in his or her favor at the time of executing the release, which if known
by him or her must have materially affected his or her settlement with the
debtor.” The Participant expressly waives any rights that the Participant may
have under Section 1542 of the California Civil Code to the full extent that the
Participant may lawfully waive such rights pertaining to a general release of
claims, and the Participant affirms that the Participant is releasing all known
or unknown claims that the Participant has or may have against the Company or
any of its successors, assigns, subsidiaries, affiliates, directors, officers,
employees, attorneys, agents and trustees or administrators of any Company Group
plan.]

14.The Participant acknowledges that:

i.The Participant is hereby advised to consult with an attorney at the
Participant's own expense before executing this Agreement and that the
Participant has been advised by an attorney or has knowingly waived the
Participant's right to do so,

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ii.The Participant has had a period of at least [twenty-one (21)/ forty-five
(45)]1 days within which to consider this Agreement [and the information set
forth in Attachment A hereto, which provides the disclosures required by the
Older Workers Benefits Protection Act],

iii.The Participant has a period of seven (7) days from the date that the
Participant signs this Agreement within which to revoke it by written notice to
the Company’s Human Resources Department, and that this Agreement will not
become effective or enforceable until the expiration of this seven (7) day
revocation period,

iv.The Participant fully understands the terms and contents of this Agreement
and freely, voluntarily, knowingly and without coercion enters into this
Agreement,

v.The Participant is receiving greater consideration hereunder than the
Participant would receive had the Participant not signed this Agreement and that
the consideration hereunder is given in exchange for all of the provisions
hereof, and

vi.the waiver or release by the Participant of rights or claims in Paragraph 12
above is knowing and voluntary.  The Participant understands and agrees that the
Company's payment or offer of money and other benefits to the Participant and
the Participant's signing of this Agreement does not in any way indicate that
the Participant has any viable claims against the Company Group or that the
Company Group admits any liability whatsoever.

15.This Agreement constitutes the entire agreement of the parties as to the
Participant’s termination and severance benefits, and all prior negotiations or
representations are merged herein.  It shall be binding upon and shall inure to
the benefit of the parties hereto and their respective successors, assigns,
heirs and legal representatives but neither this Agreement nor any rights
hereunder shall be assignable by the Participant without the Company’s written
consent.  In addition, this Agreement supersedes any prior employment or
compensation agreement, whether written, oral or implied in law or implied in
fact between the Participant and the Company, which prior agreements are hereby
terminated other than any restrictive covenant agreements or other agreements by
which the Participant has agreed to comply with any restrictive covenants.  

16.If for any reason any one or more of the provisions of this Agreement shall
be held or deemed to be inoperative, unenforceable or invalid by a court of
competent jurisdiction, such circumstances shall not have the effect of
rendering such provision invalid in any other case or rendering any other
provisions of this Agreement inoperative, unenforceable or invalid, except as
otherwise required to carry out the intent of the parties hereunder, and only as
required to bring this Agreement into compliance with the law.

17.This Agreement shall be construed in accordance with the laws of the State of
New York except to the extent superseded by applicable federal law.

 

 

1 

In the event of a group termination, each applicable severance agreement should
provide for 45 days to consider the agreement and the additional information set
forth in Attachment A.

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IN WITNESS WHEREOF, the Participant and the Company, by its duly authorized
agent, have hereunder executed this Agreement.  

 

Dated:  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[INSERT THE PARTICIPANT’S NAME]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NIELSEN HOLDINGS PLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

 

Title:

 

 

 

 

 

 

 

 

 

 

 

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Appendix

 

 

 

Summary of Severance Benefit Entitlements Under The Nielsen Holdings plc
Severance Policy for Section 16 Officers and United States-Based Senior
Executives

 

Participant’s Group:

 

[CEO/ Group A Participant/Group B Participant]

 

 

 

Date of Termination:

 

 

 

 

 

Severance Period:

 

 

 

 

 

Severance Payment:

 

$_________ [payable for [12 months / 24 months] in accordance with the Company’s
usual payroll practices / payable in a lump sum]

 

 

 

Group Health Benefit Continuation:

 

[INCLUDE MEDICAL AND DENTAL PLAN NAMES ONLY IF COVERED AT TERMINATION]

 

 

 

Pro Rata Annual Bonus Payment:

 

[x/12] of the annual bonus otherwise payable to you at the time of normal
payment.

 

 

 

Outplacement:

 

For 1 year as provided by the Company.

 

 

 

 

 

 

 

 

 

 

The description of benefits contained in this Appendix is only a summary

and is subject to the terms and conditions of the Policy.  Refer to your summary
plan description for more detail.

 

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ATTACHMENT A

As required by the Older Workers Benefit Protection Act, the Company is
providing you with the following information.  

1.All [____________] employees of the Company (the “Decisional Unit”) were
considered for this separation program.

2.Employees eligible to participate in the program are those employees in the
Decisional Unit whose employment with the Company is being terminated by the
Company [add any additional eligibility criteria].

3.Employees selected for the program have forty-five (45) days from the date of
their receipt of this proposed Agreement to participate by signing and returning
the Agreement.  Employees who choose to sign the Agreement shall have seven days
after signing and returning it to the Company to revoke it by delivering a
signed revocation notice to the Company as provided in the Agreement.

4.The job titles and ages of all individuals selected for the program and all
individuals in the same job titles not selected for the program are as follows:

 

Position

Organization

Age of those selected for termination

Age of those not selected for termination

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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