Exhibit 10.41

AVAYA HOLDINGS CORP.
SECOND AMENDED AND RESTATED
2007 EQUITY INCENTIVE PLAN
Effective as of October 26, 2007
Amended and Restated as of November 20, 2014

1.DEFINED TERMS
Exhibit A, which is incorporated by reference, defines the terms used in the
Plan and sets forth certain operational rules related to those terms.
2.    PURPOSE
The Plan has been established to advance the interests of the Company and its
Affiliates by providing for the grant to Participants of Stock-based and other
incentive Awards.
3.    ADMINISTRATION
The Administrator has discretionary authority, subject only to the express
provisions of the Plan, to interpret the Plan; determine eligibility for and
grant Awards, subject only to Section 5 and other express provisions of the
Plan; determine, modify or waive the terms and conditions of any Award;
prescribe forms, rules and procedures; and otherwise do all things necessary to
carry out the purposes of the Plan. Except as otherwise provided by the express
terms of an Award Agreement, all determinations of the Administrator made under
the Plan will be conclusive and will bind all parties.
4.    LIMITS ON AWARDS UNDER THE PLAN
(a)    Number of Shares. Subject to Section 4(b) and Section 7, a maximum of
55,857,405 shares of Stock may be delivered in satisfaction of Awards under the
Plan. The number of shares of Stock delivered in satisfaction of Awards shall,
for purposes of the preceding sentence, be determined net of shares of Stock
withheld by the Company under any Award in payment of any exercise price with
respect to such Award.
(b)    Certain Additional Awards. Reference is made to the Awards specified on
Exhibit B, which represent (i) Stock Options granted in substitution for certain
options granted under the Avaya Inc. 2004 Long Term Incentive Plan and the Avaya
Inc. 2000 Long Term Incentive Plan (the “Avaya Plans”), (ii) Awards of Stock
Units granted in replacement for certain performance-based restricted stock unit
awards granted under the Avaya Plans and (iii) Awards of Restricted Stock Units
granted under the Plan (collectively, the “Additional Awards”). Shares of Stock
subject to the Additional Awards shall be in addition to the shares specified in
Section 4(a), but if any Additional Award expires unexercised or is satisfied in
whole or in part without the issuance of shares, the shares of Stock previously
subject to such Award shall not be available for future grants.
(c)    Type of Shares. Stock delivered under the Plan may be authorized but
unissued Stock or previously issued Stock acquired by the Company.
5.    ELIGIBILITY AND PARTICIPATION
The CEO, subject to the approval of the Administrator, will select Participants
from among those key Employees and directors of, and consultants and advisors
to, the Company or its Affiliates who, in the opinion of the CEO, are in a
position to make a significant contribution to the success of the Company and
its Affiliates. Eligibility for ISOs is limited to employees of the Company or
of a “parent corporation” or “subsidiary corporation” of the Company as those
terms are defined in Section 424 of the Code. Eligibility for Stock Options
other than ISOs is limited to individuals described in the first sentence of
this Section 5 who are providing direct services on the date of grant of the
Stock Option to the Company or to a subsidiary of the Company that would be
described in the first sentence of Treas. Regs. § 1.409A-1(b)(5)(iii)(E).
Stock Options (other than those described in Section 4(b)) covering 39,679,637
shares of Stock shall be granted as soon as practicable after the Closing Date,
in three tranches: (i) Stock Options for 25,791,763 shares of Stock subject to
the time-based vesting rules set forth in the form of Award set forth in
Exhibit C (ii) Stock Options for 6,943,937 shares of Stock subject to the
performance-based vesting rules set forth in the form of Award set forth in
Exhibit D and (iii) Stock Options for 6,943,937 shares of Stock subject to the
performance-based vesting rules set forth in Exhibit E. Awards covering any
remaining shares available under Section 4(a) during the four-year period
beginning on October 26, 2007 shall be allocated and awarded to the persons
selected by the CEO, subject to the approval of the Administrator, with the
objective of allocating and awarding any remaining shares of Stock by the end of
such four-year period.
6.    RULES APPLICABLE TO AWARDS
(a)    All Awards
(1)    Award Provisions. The Administrator will determine the terms of all
Awards, subject to the limitations provided herein, and will furnish to each
Participant an Award Agreement setting forth the terms applicable to the
Participant’s Award. By entering into an Award Agreement, the Participant agrees
to the terms of the Award and of the Plan. Notwithstanding any provision of the
Plan to the contrary, awards of an acquired company that are converted, replaced
or adjusted in connection with the acquisition may contain terms and conditions
that are inconsistent with the terms and conditions specified herein, as
determined by the Administrator.
(2)    Fair Market Value. In determining the fair market value of any share of
Stock under the Plan, the Administrator shall make the determination, after
receiving any recommendation of the CEO (i) if at the applicable reference date
the Stock is not readily tradable on an established securities market, in
accordance with Treas. Regs. § 1.409A-1(b)(5)(iv)(B) based on an independent
third-party appraisal obtained not less frequently than annually and brought
down not less frequently than semi-annually by the Administrator, and (ii) in
every other case, using a methodology permitted under Treas. Regs. §
1.409A-1(b)(5)(iv)(A).
(3)    Transferability. Neither ISOs, nor, except as specified in the second
sentence of this Section 6(a)(3), other Awards may be transferred other than by
will or by the laws of descent and distribution, and during a Participant's
lifetime ISOs (and, except as the Administrator otherwise expressly provides,
other non-transferable Awards requiring exercise) may be exercised only by the
Participant, except as otherwise provided in the Management Stockholders'
Agreement. Awards other than ISOs may be transferred to one or more immediate
family members or to one or more trusts, partnerships or other estate planning
vehicles for the exclusive benefit of immediate family members that are natural
persons, but only if the transferee qualifies as a “family member” as defined in
Rule 701(c)(3) promulgated under the Securities Act of 1933 or in the
instructions to Form S-8.
(4)    Vesting, Etc. The Administrator may determine the time or times at which
an Award will vest or become exercisable and the terms on which a Stock Option
will remain exercisable. Without limiting the foregoing, the Administrator may
at any time accelerate the vesting or exercisability of an Award, regardless of
any adverse or potentially adverse tax consequences resulting from such
acceleration. Unless the Administrator expressly provides otherwise, however,
the following rules will apply if a Participant’s Employment ceases:
(A)    Immediately upon the cessation of Employment, all Stock Options held by
the Participant or the Participant's permitted transferees, if any, will
immediately cease to be exercisable and will immediately terminate except as
otherwise provided at (B), (C) or (D) below, and all other Awards held by the
Participant or the Participant's permitted transferees, if any, to the extent
not already vested, will be immediately forfeited.
(B )     Subject to (C), (D), and (E) below, all Stock Options held by the
Participant or the Participant’s permitted transferees, if any, immediately
prior to the cessation of the Participant's Employment, to the extent then
exercisable, will remain exercisable for the shorter of (i) a period of 30 days
or (ii) the period ending on the latest date on which such Stock Option could
have been exercised without regard to this Section 6(a)(4), and will thereupon
immediately terminate.
(C)    All Stock Options held by a Participant or the Participant's permitted
transferees, if any, immediately prior to the Participant's death, Disability,
or Retirement, to the extent then exercisable, will remain exercisable for the
shorter of (i) the one year period ending with the first anniversary of the
Participant's death, Disability, or Retirement, as the case may be, or (ii) the
period ending on the latest date on which such Stock Options could have been
exercised without regard to this Section 6(a)(4), and will thereupon immediately
terminate.
(D)    All Stock Options held by a Participant or the Participant’s permitted
transferees, if any, immediately prior to the termination of the Participant’s
Employment by the Company other than for Cause, or by reason of a voluntary
termination for Good Reason, to the extent then exercisable, will remain
exercisable for the shorter of (i) a period of 90 days, or (ii) the period
ending on the latest date on which such Stock Options could have been exercised
without regard to this Section 6(a)(4), and will thereupon immediately
terminate.
(E)    For the avoidance of doubt, all Stock Options held by a Participant or
the Participant’s permitted transferees, if any, immediately prior to the
cessation of the Participant's Employment will immediately terminate upon such
cessation if such cessation of Employment has resulted in connection with an act
or failure to act constituting Cause.
(5)    Taxes. The Administrator will make such provision for the withholding of
taxes as it deems necessary. The Administrator may, but need not, hold back
shares of Stock from an Award or permit a Participant to tender previously owned
shares of Stock in satisfaction of tax withholding requirements (but not in
excess of the applicable minimum statutory withholding rate), except that in the
event of an exercise of the Award, or a portion of the Award, in connection with
a cessation of Employment as result of death, Disability, termination without
Cause, or voluntary termination for Good Reason, the Participant may elect to
have shares of Stock held back by the Company in satisfaction of minimum tax
withholding requirements.
(6)    Dividend Equivalents, Etc. To the extent consistent with Section 409A
(and with Section 422, in the case of ISOs), and subject to Section 7(c), the
Administrator in its sole discretion may provide for supplemental cash payments
in lieu of Stock-based dividends or other distributions to the holder of any
Award that is not entitled to share in the actual dividend or distribution.
(7)    Rights Limited. Nothing in the Plan will be construed as giving any
person the right to continued Employment with the Company or its Affiliates, or
any rights as a stockholder except as to shares of Stock actually issued under
the Plan. The loss of existing or potential profit in an Award will not
constitute an element of damages in the event of termination of Employment for
any reason, even if the termination is in violation of an obligation of the
Company or its Affiliate to the Participant.
(8)    Section 409A. Each Award shall contain such terms as the Administrator
determines, and shall be construed and administered, such that the Award either
(i) qualifies for an exemption from the requirements of Section 409A, or (ii)
satisfies such requirements.
(9)    Management Stockholders’ Agreement. Unless otherwise specifically
provided, all Awards issued under the Plan and all Stock issued thereunder will
be subject to the Management Stockholders’ Agreement. No Award will be granted
to a Participant and no Stock will be delivered to a Participant, in either
case, until the Participant executes the Management Stockholders’ Agreement.
(b)    Additional Rules Applicable to Stock Options
(1)    Time And Manner Of Exercise. Unless the Administrator expressly provides
otherwise, a Stock Option will not be deemed to have been exercised until the
Administrator receives a notice of exercise (in form acceptable to the
Administrator) signed by the appropriate person and accompanied by any payment
required under the Award. If the Award is exercised by any person other than the
Participant, the Administrator may require satisfactory evidence that the person
exercising the Award has the right to do so.
(2)    Exercise Price. The Administrator will determine the exercise price of
each Stock Option. The initial exercise price as so determined by the
Administrator shall in no event be less than the Fair Market Value of the Stock.
(3)    Payment Of Exercise Price. The exercise price of a Stock Option shall be
paid as follows: (a) by cash or check acceptable to the Administrator, or (b) on
a cashless basis under which shares of Stock otherwise deliverable under the
Award and having a Fair Market Value equal to the exercise price are withheld by
the Company, or (c) by such other means, if any, as may be acceptable to the
Administrator, (d) following an IPO, subject to restrictions applicable to such
Shares, by means of a broker assisted exercise program acceptable to the
Administrator, or (e) by any combination of the foregoing permissible forms of
payment. No Stock Option or portion thereof may be exercised unless, at the time
of exercise, the Fair Market Value of the shares of Stock subject to such Stock
Option or portion thereof exceeds the exercise price for the Stock Option or
such portion.
(4)    Maximum Term. The maximum term of each Stock Option shall be ten (10)
years from the date of grant.
(5)    ISOs. No ISO may be granted under the Plan after October 15, 2017, but
ISOs previously granted may extend beyond that date.
(c)    Lawful Consideration
Awards of Restricted Stock and Unrestricted Stock, whether delivered outright or
under Awards of Stock Units, may be made in exchange for such lawful
consideration, including services, as the Administrator determines.

7.    EFFECT OF CERTAIN TRANSACTIONS
(a)    Mergers, etc. Except as otherwise provided in an Award, the following
provisions shall apply in the event of a Covered Transaction:
(6)    Assumption or Substitution. If the Covered Transaction is one in which
there is an acquiring or surviving entity, the Administrator may provide for the
assumption of some or all outstanding Awards or for the grant of new awards in
substitution therefor by the acquiror or survivor or an affiliate of the
acquiror or survivor.
(7)    Cash-Out of Awards. If the Covered Transaction is one in which holders of
Stock will receive upon consummation a payment (whether cash, non-cash or a
combination of the foregoing), the Administrator may provide for payment (a
"cash-out"), with respect to some or all Awards or any portion thereof, equal in
the case of each affected Award or portion thereof to the excess, if any, of (A)
the Fair Market Value of one share of Stock times the number of shares of Stock
subject to the Award or such portion, over (B) the aggregate exercise or
purchase price, if any, under the Award or such portion, in each case on such
payment terms (which need not be the same as the terms of payment to holders of
Stock) and other terms, and subject to such conditions, as the Administrator
determines; provided, that the Administrator shall not exercise its discretion
under this Section 7(a)(2) with respect to an Award or portion thereof providing
for "nonqualified deferred compensation" subject to Section 409A in a manner
that would constitute an extension or acceleration of, or other change in,
payment terms if such change would be inconsistent with the applicable
requirements of Section 409A.
(8)    Acceleration of Certain Awards. If the Covered Transaction (whether or
not there is an acquiring or surviving entity) is one in which there is no
assumption, substitution or cash-out, the Administrator may provide that each
Award requiring exercise will become exercisable, and the delivery of any shares
of Stock remaining deliverable under each outstanding Award of Stock Units
(including Restricted Stock Units and Performance Awards to the extent
consisting of Stock Units) will be accelerated and such shares will be
delivered, prior to the Covered Transaction, in each case on a basis that gives
the holder of the Award a reasonable opportunity, as determined by the
Administrator, following exercise of the Award or the delivery of the shares, as
the case may be, to participate as a stockholder in the Covered Transaction;
provided, that to the extent acceleration pursuant to this Section 7(a)(3) of an
Award subject to Section 409A would cause the Award to fail to satisfy the
requirements of Section 409A, the Award shall not be accelerated and the
Administrator in lieu thereof shall take such steps as are necessary to ensure
that payment of the Award is made in a medium other than Stock and on terms that
as nearly as possible, but taking into account adjustments required or permitted
by this Section 7, replicate the prior terms of the Award.
(9)    Termination of Awards Upon Consummation of Covered Transaction. Each
Award will terminate upon consummation of the Covered Transaction, other than
the following: (i) Awards assumed pursuant to Section 7(a)(1) above; (ii) Awards
converted pursuant to the proviso in Section 7(a)(3) above into an ongoing right
to receive payment other than Stock; and (iii) outstanding shares of Restricted
Stock (which shall be treated in the same manner as other shares of Stock,
subject to Section 7(a)(5) below).
(10)    Additional Limitations. Any share of Stock and any cash or other
property delivered pursuant to Section 7(a)(2) or Section 7(a)(3) above with
respect to an Award may, in the discretion of the Administrator, contain such
restrictions, if any, consistent with Section 409A, as the Administrator deems
appropriate to reflect any performance or other vesting conditions to which the
Award was subject and that did not lapse (and were not satisfied) in connection
with the Covered Transaction. In the case of Restricted Stock that does not vest
in connection with the Covered Transaction, the Administrator may require that
any amounts delivered, exchanged or otherwise paid in respect of such Stock in
connection with the Covered Transaction be placed in escrow or otherwise made
subject to such restrictions as the Administrator deems appropriate to carry out
the intent of the Plan.
(b)    In the event of a Change of Control (whether or not constituting a
Covered Transaction), the Administrator shall provide, to the extent consistent
with Section 409A, that any Award continued or assumed in such transaction, and
any new award substituted for an Award that terminates in connection with such
transaction, (any of the foregoing, a “Continuing Award”), to the extent not
otherwise vested, shall be subject to the following special rule: To the extent
the vesting of any Continuing Award depends on the continued Employment of the
Participant and the Participant’s Employment is either (i) involuntarily
terminated (other than for Cause) within one year following the Change of
Control, or is (ii) voluntarily terminated by the Participant, within one year
following the Change of Control, for Good Reason, any remaining
Employment-related vesting conditions shall be treated as having been satisfied
immediately prior to such termination. Nothing in this Section 7(b) shall be
construed to affect any performance-based vesting condition to which a
Participant’s Award may be subject.
(c)    Changes In, Distributions With Respect To And Redemptions Of The Stock
(1)        Basic Adjustment Provisions. In the event of a stock dividend, stock
split or combination of shares (including a reverse stock split),
recapitalization or other change in the Company's capital structure, the
Administrator shall make appropriate adjustments to the maximum number of shares
specified in Section 4(a) that may be delivered under the Plan and shall also
make appropriate adjustments to the number and kind of shares of stock or
securities subject to Awards then outstanding or subsequently granted, any
exercise prices relating to Awards and any other provision of Awards affected by
such change.
(2)    Certain Other Adjustments. The Administrator may also make adjustments of
the type described in Section 7(c)(1) above to take into account distributions
to stockholders other than those provided for in Section 7(a) and 7(c)(1), or
any other event, if the Administrator determines that adjustments are
appropriate to avoid distortion in the operation of the Plan and to preserve the
value of Awards made hereunder, subject to requirements for qualification,
including continued qualification, of ISOs under Section 422 and to the
requirements of Section 409A. Without limiting the generality of the foregoing,
upon the occurrence of a cash distribution with respect to the Stock that
constitutes a "corporate transaction" described at Treas. Regs.
§1.424-1(a)(3)(ii) (an "extraordinary dividend"), as determined by the
Administrator, the Administrator will cause the Company to take the following
steps with respect to outstanding Stock Options:
(A)    For each such Stock Option that immediately prior to the extraordinary
dividend had a per-share exercise price less than the then per-share Fair Market
Value of the Stock, reduce the per-share exercise price following the
extraordinary dividend by an amount equal to the lesser of (i) the per-share
extraordinary dividend, or (ii) the maximum reduction that can be made without
jeopardizing the Stock Option's status as an exempt stock right under Section
409A and without otherwise resulting in an acceleration of taxable income under
the Stock Option, all as determined by the Administrator.
(B)    For each Stock Option described in (A), the excess, if any, of (A)(i)
over (A)(ii) above will be paid in cash to the Option Holder at the time of the
extraordinary dividend or, if later, on the date on which the applicable portion
of the Stock Option vests.
(C)    For each outstanding Stock Option not described in (A), any adjustment or
distribution will be left to the discretion of the Administrator.
(3)    Continuing Application of Plan Terms. References in the Plan to shares of
Stock will be construed to include any stock or securities resulting from an
adjustment pursuant to this Section 7.
8.    LEGAL CONDITIONS ON DELIVERY OF STOCK
The Company shall use all commercially reasonable efforts to ensure, prior to
delivering shares of Stock pursuant to the Plan or removing any restriction from
shares of Stock previously delivered under the Plan, that (a) all legal matters
in connection with the issuance and delivery of such shares have been addressed
and resolved, and (b) if the outstanding Stock is at the time of delivery listed
on any stock exchange or national market system, the shares to be delivered have
been listed or authorized to be listed on such exchange or system upon official
notice of issuance. The Company will not be obligated to deliver any shares of
Stock pursuant to the Plan or to remove any restriction from shares of Stock
previously delivered under the Plan until the conditions set forth in the
preceding sentence have been satisfied and all other conditions of the Award
have been satisfied or waived. If the sale of Stock has not been registered
under the Securities Act of 1933, as amended, the Company may require, as a
condition to exercise of the Award, such representations or agreements as
counsel for the Company may consider appropriate to avoid violation of such Act.
The Company may require that certificates evidencing Stock issued under the Plan
bear an appropriate legend reflecting any restriction on transfer applicable to
such Stock, and the Company may hold the certificates pending lapse of the
applicable restrictions.
9.    AMENDMENT AND TERMINATION
The Administrator may at any time or times amend the Plan or any outstanding
Award for any purpose which may at the time be permitted by law, and may at any
time terminate the Plan as to any future grants of Awards; provided, that except
as otherwise expressly provided in the Plan the Administrator may not, without
the Participant's consent, alter the terms of an Award so as to affect adversely
the Participant's rights under the Award, unless the Administrator expressly
reserved the right to do so at the time of the Award. Any amendments to the Plan
shall be conditioned upon stockholder approval only to the extent, if any, such
approval is required by applicable law (including the Code), as determined by
the Administrator.
10.    OTHER COMPENSATION ARRANGEMENTS
The existence of the Plan or the grant of any Award will not in any way affect
the right of the Company or an Affiliate to Award a person bonuses or other
compensation in addition to Awards under the Plan.
11.    MISCELLANEOUS
(a)    Waiver of Jury Trial. By accepting an Award under the Plan, each
Participant waives any right to a trial by jury in any action, proceeding or
counterclaim concerning any rights under the Plan and any Award, or under any
amendment, waiver, consent, instrument, document or other agreement delivered or
which in the future may be delivered in connection therewith, and agrees that
any such action, proceedings or counterclaim shall be tried before a court and
not before a jury. By accepting an Award under the Plan, each Participant
certifies that no officer, representative, or attorney of the Company has
represented, expressly or otherwise, that the Company would not, in the event of
any action, proceeding or counterclaim, seek to enforce the foregoing waivers.

(b)    Limitation of Liability. Notwithstanding anything to the contrary in the
Plan, neither the Company, nor any Affiliate, nor the Administrator, nor any
person acting on behalf of the Company, any Affiliate, or the Administrator,
shall be liable to any Participant or to the estate or beneficiary of any
Participant or to any other holder of an Award by reason of any acceleration of
income, or any additional tax, asserted by reason of the failure of an Award to
satisfy the requirements of Section 422 or Section 409A or by reason of Section
4999 of the Code; provided, that nothing in this Section 11(b) shall limit the
ability of the Administrator or the Company to provide by separate express
written agreement with a Participant for a gross-up payment or other payment in
connection with any such tax or additional tax.
12.    ESTABLISHMENT OF SUB-PLANS
The Board may from time to time establish one or more sub-plans under the Plan
for purposes of satisfying applicable blue sky, securities or tax laws of
various jurisdictions. The Board shall establish such sub-plans by adopting
supplements to the Plan setting forth (i) such limitations on the
Administrator’s discretion under the Plan as the Board deems necessary or
desirable and (ii) such additional terms and conditions not otherwise
inconsistent with the Plan as the Board shall deem necessary or desirable. All
supplements adopted by the Board shall be deemed to be part of the Plan, but
each supplement shall apply only to Participants within the affected
jurisdiction and the Company shall not be required to provide copies of any
supplement to Participants in any jurisdiction that is not affected.

13.    GOVERNING LAW
Except as otherwise provided by the express terms of an Award Agreement or under
a sub-plan described in Section 12, the provisions of the Plan and of Awards
under the Plan shall be governed by and interpreted in accordance with the laws
of the State of Delaware.

EXHIBIT A
Definitions of Terms
The following terms, when used in the Plan, will have the meanings and be
subject to the provisions set forth below:
“Administrator”: The Board or, if one or more has been appointed, the Committee.
The Administrator may delegate ministerial tasks to such persons as it deems
appropriate. In the event of any such delegation, the term “Administrator” shall
include the person or persons so delegated to the extent of such delegation.
“Affiliate”: Any corporation or other entity that is an “Affiliate” of the
Company within the meaning of the Management Stockholders' Agreement.
“Award”: Any or a combination of the following:
(i)    Stock Options,
(ii)    Restricted Stock,
(iii)    Unrestricted Stock,
(iv)
Stock Units, including Restricted Stock Units; and

(v)
Performance Awards.

“Award Agreement”: A written agreement between the Company and the Participant
evidencing the Award.
“Board”: The Board of Directors of Sierra Holdings Corp.
“Cause”: In the case of any Participant who is party to an employment or
severance-benefit agreement that contains a definition of “Cause,” the
definition set forth in such agreement shall apply with respect to such
Participant under the Plan. In the case of any other Participant, “Cause” shall
mean a material breach by the Participant of the Participant’s duties and
responsibilities which is not promptly remedied after the Company gives the
Participant written notice specifying such breach, or (ii) the commission by the
Participant of a felony involving moral turpitude, or (iii) the commission by
the Participant of theft, fraud, material breach of trust or any material act of
dishonesty involving the Company or its subsidiaries, or (iv) a significant
violation by the Participant of the code of conduct of the Company or its
subsidiaries or of any statutory or common law duty of loyalty to the Company or
its subsidiaries.
“Change of Control”: Acquisition by a person or group, that together with stock
held by such person or group, constitutes “Control of Parent” as defined in the
Management Stockholders’ Agreement.
“CEO”: The chief executive officer of the Company.
“Closing Date”: “Closing Date” as that term is defined in the Management
Stockholders’ Agreement.
“Code”: The U.S. Internal Revenue Code of 1986 as from time to time amended and
in effect, or any successor statute as from time to time in effect. References
to the Code shall include any regulations promulgated thereunder.
“Committee”: One or more committees of the Board.
“Company”: Sierra Holdings Corp.
"Covered Transaction": Any of (i) a consolidation, merger, or similar
transaction or series of related transactions, including a sale or other
disposition of stock, in which the Company is not the surviving corporation or
which results in the acquisition of all or substantially all of the Company's
then outstanding common stock by a single person or entity or by a group of
persons and/or entities acting in concert, (ii) a sale or transfer of all or
substantially all the Company's assets, or (iii) a dissolution or liquidation of
the Company. Where a Covered Transaction involves a tender offer that is
reasonably expected to be followed by a merger described in clause (i) (as
determined by the Administrator), the Covered Transaction shall be deemed to
have occurred upon consummation of the tender offer.
“Disability”: In the case of any Participant who is a party to an employment or
severance-benefit agreement that contains a definition of “Disability,” the
definition set forth in such agreement shall apply with respect to such
Participant under the Plan. In the case of any other Participant, “Disability”
shall mean a disability that would entitle a Participant to long-term disability
benefits under the Company’s long-term disability plan to which the Participant
participates. Notwithstanding the foregoing, in any case in which a benefit that
constitutes or includes “nonqualified deferred compensation” subject to Section
409A would be payable by reason of Disability, the term “Disability” shall mean
a disability described in Treas. Regs. Section 1.409A-3(i)(4)(i)(A).
“Employee”: Any person who is employed by the Company or an Affiliate.
“Employment”: A Participant’s employment or other service relationship with the
Company and its Affiliates. Unless the Administrator provides otherwise: A
Participant who receives an Award in his or her capacity as an Employee will be
deemed to cease Employment when the employee-employer relationship with the
Company and its Affiliates ceases. A Participant who receives an Award in any
other capacity will be deemed to continue Employment so long as the Participant
is providing services in a capacity described in Section 5. If a Participant’s
relationship is with an Affiliate and that entity ceases to be an Affiliate, the
Participant will be deemed to cease Employment when the entity ceases to be an
Affiliate unless the Participant transfers Employment to the Company or its
remaining Affiliates. In any case where a cessation of a Participant’s
Employment would affect the Participant’s rights to payment under an Award that
includes nonqualified deferred compensation subject to 409A, references to
cessation of Employment shall be construed to require a “separation from
service” as defined in Section 409A.
“Fair Market Value”: fair market value determined in accordance with Section
6(a)(2).
“Good Reason”: Unless otherwise defined in an Award Agreement, any of the
following events or conditions occurring without a Participant's express written
consent, unless cured by the Company within thirty (30) days of being notified
by a Participant of the event or condition: (i) a material reduction in the
Participant’s base compensation, (ii) a material diminution of a Participant’s
position with the Company and its subsidiaries involving a substantial reduction
in the scope, nature, and function of the Participant’s duties, which is
typically demonstrated by a reduction in compensation and/or title, (iii) a
change of thirty (30) miles or more in the Participant’s principal work
location, or (iv) a material reduction in the employee benefits provided by the
Company and its subsidiaries to the Participant, other than any such reduction
that affects, or that is similar to a change in benefits that affects, one or
more other, similarly situated employees of the Company and its subsidiaries.
“IPO”: The initial closing of a bona fide firm commitment underwritten public
offering of equity shares of the Company, registered under the Securities Act of
1933, as amended, that results in such shares being traded on a liquid trading
market.
“ISO”: A Stock Option intended to be an "incentive stock option" within the
meaning of Section 422 of the Code. Each option granted pursuant to the Plan
will be treated as providing by its terms that it is to be a non-incentive stock
option unless, as of the date of grant, it is expressly designated as an ISO.
“Management Stockholders’ Agreement”: Management Stockholders’ Agreement, dated
as of October 26, 2007, among the Company and certain affiliates, stockholders
and Participants.
“Participant”: A person who is granted an Award under the Plan.
“Performance Award”: An Award subject to Performance Criteria.
“Performance Criteria”: Specified criteria the satisfaction of which is a
condition for the grant, exercisability, vesting or full enjoyment of an Award.
If a Performance Award so provides, such criteria may be made subject to
appropriate adjustments taking into account the effect of significant corporate
transactions or similar events for the purpose of maintaining the probability
that the specified criteria will be satisfied. Such adjustments shall be made
only in the amount deemed reasonably necessary, after consultation with the
Company’s accountants, and the CEO if required by the Award Agreement, to
reflect accurately the direct and measurable effect of such event on such
criteria, to the extent required by the Award Agreement.
“Plan”: The Sierra Holdings Corp. 2007 Equity Incentive Plan as from time to
time amended and in effect.
“Stock Unit”: An unfunded and unsecured promise, denominated in shares of Stock,
to deliver Stock or cash measured by the value of Stock in the future.

“Restricted Stock”: An Award of Stock for so long as the Stock remains subject
to restrictions under this Plan or such Award requiring that it be redelivered
or offered for sale to the Company if specified conditions are not satisfied.

“Restricted Stock Unit”: A Stock Unit that is, or as to which the delivery of
Stock or cash in lieu of Stock is, subject to the satisfaction of specified
performance or other vesting conditions."

“Retirement”: Employment with the Company or any of its subsidiaries under any
of the following circumstances or entitlements: (i) Service Pension under the
Avaya Pension Plan for Salaried Employees as defined in that plan; (ii) after
attainment of age fifty (50) and fifteen (15) years of service with the Company
or any of its subsidiaries.

“Section 409A”: Section 409A of the Code.

“Section 422”: Section 422 of the Code.
“Stock”: Common Stock of the Company, par value $0.001 per share.
“Stock Option”: An option entitling the recipient to acquire shares of Stock
upon payment of the exercise price.
“Unrestricted Stock”: An Award of Stock not subject to any restrictions under
the Plan.

EXHIBIT B

EXHIBIT C

[Time-based Option Agreement]

EXHIBIT D

[MoM Performance-based Option Agreement]

EXHIBIT E

[EBITDA Performance-based Option Agreement]

CALIFORNIA SUPPLEMENT
    
Pursuant to Section 12 of the Plan, this supplement has been adopted for
purposes of satisfying the requirements of Section 25102(o) of the California
Corporations Code, to the extent applicable. This supplement may be amended by
the Administrator without the approval of the Company, as necessary or desirable
to comply with California law. Any Awards granted under the Plan to a
Participant who is a resident of the State of California on the date of grant (a
“California Participant”) shall be subject to the following additional
limitations, terms and conditions, to the extent applicable:
    
1.    Maximum Duration of Awards. No Award granted to a California Participant
will be for a term in excess of 10 years.
    
2.    Minimum Conversion Period Following Termination. Unless the employment of
a California Participant holding an otherwise vested Stock Option is terminated
for Cause, in the event of termination of employment of such Participant, he or
she shall have the right to exercise the vested Stock Option as follows: (i) for
a period of at least six months from the date of termination, if termination was
caused by such Participant’s death or “permanent and total disability” (within
the meaning of Section 22(e)(3) of the Code) and (ii) for a period of at least
30 days from the date of termination, if termination was caused other than by
such Participant’s death or “permanent and total disability” (within the meaning
of Section 22(e)(3) of the Code), but in no event later than the latest date on
which such Participant could have exercised such Stock Option in the absence of
a termination of employment.