Document:

Pearson Inc. Supplemental Executive Retirement Plan

 Exhibit 10.57 
 PEARSON INC. 
 SUPPLEMENTAL EXECUTIVE RETIREMENT
PLAN 
 (As Amended and Restated Effective January 1, 2005) 

 PEARSON INC. 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 This is an
amendment and restatement of the Pearson Inc. Supplemental Executive Retirement Plan (the “Plan”). The Plan was originally established, effective as of January 1, 1997, for the purpose of providing benefits for certain executives
selected by the Benefits Committee of Pearson Inc. in excess of those benefits that would be provided to these executives under the qualified plans maintained by Pearson Inc. and its affiliated companies. The Plan, as amended and restated in
accordance with the terms of this document, is effective January 1, 2005, and is intended to conform the applicable provisions of the Plan to the requirements of Section 409A of the Code. 
 This Plan is intended to constitute a plan which is unfunded and which is maintained primarily for the purpose of providing deferred
compensation for a select group of management or highly compensated employees. 
 Article 1. - Definitions

 All the terms used in this Plan shall have the same meaning as used in the Pension Plan except as follows: 
 Adopting Employer. The Company and any other affiliate of the Company which has adopted the Plan for the benefit of its Employees.

 Annuity Starting Date. The first date as of which distribution of benefits to a Participant is to begin in accordance
with the election made by the Participant under Section 5.2 (or, in absence of a valid election, in accordance with the deemed election under Section 5.3). 
 Average Annual Compensation. The Participant’s average annual SERP Compensation for the five consecutive calendar years out of the most recent ten calendar years during which the
Participant received the highest SERP Compensation. In the case of a Participant who is employed for less than five Plan Years, his Average Annual Compensation shall be based on his entire period of service. 
  

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 Benefits Committee. The Administrative Committee for the Benefit Plans of Pearson Inc.

 Benefit Service. The number of years of service credited under this Plan for purposes of Article 3 equal to the sum of
(a) the number of years of a Participant’s benefit accrual service determined under the Pension Plan, and (b) any additional service for benefit accrual purposes granted to the Participant by the Benefits Committee (in its
discretion); provided, that the portion of the Benefit Service described in (a) above for a Participant who was employed by Viacom Inc. prior to December 1, 1998 shall be determined by excluding such Participant’s benefit accrual
service determined for any period prior to December 1, 1998. Solely for purposes of determining the Supplemental Benefit under Section 3.3, a Participant’s Benefit Service shall include the number of additional years of benefit
accrual service, if any, with which the Participant would have been credited under the Pension Plan for periods on or after January 1, 2002, if the benefit accruals under the Pension Plan formula continued to apply on or after January 1,
2002. 
 Code. The Internal Revenue Code of 1986, as amended, and the regulations promulgated and rulings issued
thereunder. 
 Company. Pearson Inc. and any successor thereto by merger, consolidation or otherwise. 
 Change in Control. The occurrence of any of the following: 
  

	 	(a)	the Board votes to approve: 

  

	 	(i)	any consolidation or merger of the Company pursuant to which less than fifty (50%) percent of the outstanding voting securities of the surviving or resulting
company are owned by the individuals or entities that were shareholders of the Company or the Parent prior to the consolidation or merger; 

  

	 	(ii)	any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of the Company other
than any sale, lease, exchange or other transfer to any company in which the Company owns, directly or indirectly, one hundred (100%) percent of the outstanding voting securities of such company after any such transfer;

  

	 	(b)	the majority of the Board consists of individuals other than members of the Board on the Restatement Date (“Incumbent Director”) provided that any person
becoming a director subsequent to such date whose election or nomination for election was supported by three-quarters of the directors who then comprised the Incumbent Directors shall be considered to be an Incumbent Director;

  

	 	(c)	 any individual entity, or group within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
Exchange Act”)) (a “Person”) other than one or more current shareholders, the Company, or an Affiliated Company, or one or more employee benefit plans established by the Company, or an Affiliated Company, for the benefit of its
employees, shall

  

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become the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act) whether directly, indirectly, beneficially or of record, of twenty (20%) percent or more of the then
outstanding shares (other than as the result of an initial public offering); or 

  

	 	(d)	commencement by any entity, person, or group of a tender offer or exchange offer by which the offeree acquires more than fifty (50%) percent of the outstanding
voting securities of the Company. 

 Employee. An employee of the Company or any other Adopting Employer.

 GATT Factors. The following actuarial factors: (a) an interest rate equal to the annual rate of interest on 30-year
Treasury securities (or any other interest rate prescribed by the Secretary of Treasury as the applicable interest rate under Section 417(e)(3) of the Code) for the month of September immediately preceding the Plan Year in which the
Participant’s Annuity Starting Date occurs and (b) the mortality table prescribed by the Secretary of Treasury as the applicable mortality table under Section 417(e) of the Code. 
 Non-Compete Agreement. The provision(s) of an agreement between the Participant and the Company or any Affiliated Company which
includes a covenant not to compete. 
 Participant. A Restoration Plan Participant or a Supplemental Plan Participant. 

Pension Equity Formula. The pension equity formula specified under the Pension Plan in effect on December 30, 2001. 

Pension Plan. The Pearson Pension Plan Inc., as amended, or any successor thereto. 
 Plan. The Pearson Inc. Supplemental Executive Retirement Plan, as set forth herein and as the same may be amended from time to time.

 Plan Year. A calendar year. 
 Primary Insurance Benefit. The old age benefit payable under the Social Security Act upon a Participant’s attainment of age 65. In the event that a Participant elects under
Article 5 to receive his distribution prior to his attainment of age 65, then the old age benefit shall be calculated by imputing wages for the period of time from the date of such distribution forward to the Participant’s attainment of age 65.
Amounts payable under the social insurance program of a given foreign country may, as determined in the discretion of the Benefits Committee on a uniform basis, be treated as if paid under the U.S. Social Security System. 
 Qualified Pension Benefit. Subject to the following sentence, the Participant’s benefit under the Pension Plan; provided, that in
no event shall the Qualified Plan Benefit of a Participant who was employed by Viacom Inc. prior to December 1, 1998 be determined by taking into account any “Minimum Retirement Benefit” (determined under Section 3.5 of the
Pension Plan) which such Participant would otherwise be entitled to receive. The amount of the Qualified Pension Benefit shall be determined based on the form and timing of the distribution elected under Article 5

  

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(regardless of the form and timing which he actually elects under the Pension Plan) using the actuarial factors specified in the Pension Plan, applicable to the benefit formula used to determine
his Qualified Pension Benefit. If a Participant elects to receive his benefit in the form of a period certain annuity then an interest rate of 5% per annum shall be used to determine the amount payable under that form. 
 Restatement Date. January 1, 2005. 
 Restoration Benefit. The benefit provided under Section 3.2 of this Plan. 
 Restoration Benefit Offset
Amount. The greater of (a) the benefit determined under Section 3.2(a) of this Plan and (b) the benefit the Participant would have received under Section 3.2(a) of this Plan if he had continued to accrue benefits on and
after January 1, 2002 under the Pension Plan. 
 Restoration Plan Participant. An Employee who is not a Supplemental Plan
Participant, and who is designated as a Restoration Plan Participant by the Benefits Committee. Such Participant shall only be eligible to receive the Restoration Benefit under Section 3.2. 
 SERP Benefit. The benefit specified under Section 3.1 of the Plan. 
 SERP Compensation. An Employee’s compensation as defined under the Pension Plan used for purposes of computing the Qualified Pension Benefit but determined without regard to the limits
under Section 401(a)(17) of the Code that would otherwise apply. 
 Supplemental Benefit. The benefits provided under
Section 3.3 of the Plan. A Supplemental Plan Participant shall be eligible to receive the Supplemental Benefit determined under either Section 3.3(a) (the “Intermediate Supplemental Benefit”) or under Section 3.3(b) (the
“Senior Supplemental Benefit”), as designated by the Benefits Committee. 
 Supplemental Plan Participant. An Employee
who is designated as a Supplemental Plan Participant by the Benefits Committee. Supplemental Plan Participants are further designated by the Benefits Committee as entitled to an Intermediate or Senior Supplemental Benefit. A Supplemental Plan
Participant shall be eligible to receive a Restoration Benefit under Section 3.2. In addition, a Supplemental Plan Participant shall be eligible to receive either an Intermediate or Senior Supplemental Benefit. 
 Survivor Benefit. The benefit payable under Article 6 of the Plan to a Participant’s Beneficiary under Article 7. 
 Termination of Employment. A Participant’s termination of employment for any reason with the Company and all Affiliated Companies that
would constitute a “separation from service” (within the meaning of Treas. Reg. section 1.409A-1(h)). 
 Termination Due to
Change in Control. Within twelve (12) months after a Change in Control: (a) a Termination of Employment from the Company and all Affiliated Companies, other than Termination for Cause, by the Company and all Affiliated Companies;
or (b) resignation from the Company and all Affiliated Companies by an Employee for Good Reason. For purposes of the Plan, Good Reason means any one of the following: 
  

	 	(i)	the assignment by the board of directors of the Company or Affiliated Company that employs the Employee (the “Employer Board”) of duties that result in a
significant adverse change or diminution in the Employee’s authority and responsibilities; 

  

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	 	(ii)	the change of the Employee’s site of principal employment to a location more than fifty (50) miles from the location at which the Employee was principally
employed immediately prior to the date of the Change in Control; 

  

	 	(iii)	a reduction of the Employee’s base salary; or 

  

	 	(iv)	nonpayment of base salary when due other than for an inadvertent and insubstantial failure that is cured within thirty (30) days after the Employee notifies the
Employer Board in writing of the nonpayment. 

 Termination for Cause. A Participant’s Termination of
Employment if the Participant was terminated for (a) a material dishonesty (including, without limitation, embezzlement, financial misrepresentation, fraud, theft, or other similar action) in his dealings with the Company, any Affiliated
Company, or any other entity that the Company or any Affiliated Company is engaged in or is attempting to engage in commerce with; (b) the conviction of, or entry of a plea of nolo contendere to, the commission of a felony; (c) an
act or omission that actually has, and which either that Participant intends to have or the Participant or any other reasonable person would expect to have, a material adverse effect on the Company or any Affiliated Company; or (d) maintaining
an undisclosed, unauthorized and material conflict of interest in the discharge of duties owed to the Company. If any Participant is party to an employment agreement governing the terms of his employment with the Company or any Affiliated Company,
and the employment agreement includes a definition of termination for cause, then for purposes hereof Cause also includes those grounds not inconsistent with the foregoing provisions of this definition. If the provisions of the employment agreement
and this Plan are inconsistent, the provisions of this Plan shall control. 
 Vested Interest. The nonforfeitable portion of a
Participant’s SERP Benefit determined under Article 4. 
 Vesting Service. The number of years of service credited under this
Plan for purposes of Article 4 equal to sum of: (a) the number of years of a Participant’s vesting service under the Pension Plan and (b) any additional service for vesting purposes granted to the Participant by the Benefits Committee
in its discretion. 
  

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 Article 2. - Eligibility 
  

	2.1.	Restoration Plan Participant. An Employee shall become eligible to receive Restoration Benefits under Section 3.2 of the Plan upon being designated as a
Restoration Plan Participant by the Benefits Committee. 

  

	2.2.	Supplemental Plan Participant. An Employee shall become eligible to receive Restoration Benefits under Section 3.2 and Supplemental Benefits under
Section 3.3 of the Plan upon being designated as a Supplemental Plan Participant by the Benefits Committee. The Benefits Committee shall specify whether he is eligible for the Intermediate Supplemental Benefit or the Senior Supplemental
Benefit. 

  

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 Article 3. - SERP Benefit 
  

	3.1	SERP Benefit. A Participant’s SERP Benefit shall be equal to the sum of: (a) his Restoration Benefit; and (b) in the case of a Supplemental Plan
Participant, his Supplemental Benefit. 

  

	3.2.	Restoration Benefit. A Participant shall be entitled to receive a Restoration Benefit equal in amount to the excess of (a) the amount of the Qualified
Pension Benefit the Participant would have received if his benefit were determined based on Benefit Service and without regard to the limitations imposed by Sections 401(a)(17) or 415 of the Code, over (b) the amount of the Participant’s
Qualified Pension Benefit. 

  

	3.3.	Supplemental Benefit. A Supplemental Plan Participant shall be entitled to receive either a Intermediate Supplemental Benefit or a Senior Supplemental Benefit as
described in paragraphs (a) and (b) below: 

  

	 	(a)	Intermediate Supplemental Benefit. An Intermediate Supplemental Benefit shall be equal to the difference between (1) and (2) as described below.

 (1) The product of (A) the excess of: (i) 1.33% of the participant’s Average
Annual Compensation; over (ii) 3.33% of his Primary Insurance Benefit; and (B) the number of years, not in excess of 30, of the Participant’s Benefit Service; over 
 (2) The Participant’s Restoration Benefit Offset Amount. 
  

	 	(b)	Senior Supplemental Benefit. A Senior Supplemental Benefit shall be equal to the difference between (1) and (2) as described below:

 (1) the product of (A) the excess of: (i) 2% of the Participant’s Average Annual
Compensation; over (ii) and 3.33% of his Primary Insurance Benefit; and (B) the number of years not in excess of 30 of the Participant’s Benefit Service; over 
  

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 (2) The Participant’s Restoration Benefit Offset Amount (as defined in
Section 1.20). 
 The benefit amounts under Section 3.3(a)(1) and 3.3(b)(1) shall be determined as a benefit payable in
the form and at the time elected (or deemed to be elected) under Article 5 based on the actuarial factors specified in the Pension Plan, except that in the case of a distribution in the form of (i) a lump sum amount, such distribution shall be
converted to a lump sum based on GATT Factors, or (ii) a period certain annuity, such distribution shall be converted to an actuarially equivalent benefit on the basis of an interest rate of 5% per annum. 
  

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 Article 4. - Vesting 
  

	 	(a)	Subject to paragraph (b), a Participant’s SERP Benefit shall become nonforfeitable upon the earliest of (i) his being credited with five years of Vesting
Service, (ii) his attainment of age 65 if he is an Employee on or after that date, (iii) his incurrence of a Permanent Disability while an Employee, (iv) his death while an Employee, and (v) his Termination Due to Change in
Control. 

  

	 	(b)	Notwithstanding any other provisions of this Plan, a Participant shall forfeit any rights hereunder if he has a Termination for Cause or breaches a Non-Compete
Agreement. 

  

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 Article 5. - Form and Timing of Distribution 
  

	5.1.	Form of Distribution. A Participant may elect to receive distribution of his Vested Interest in one of the following forms: (a) a single cash distribution,
(b) a period certain annuity for a designated number of years, not in excess of 15, (c) a life annuity, (d) a joint and 50% survivor annuity, or (e) a joint and 100% survivor annuity . 

  

	5.2.	Timing of Distribution. Distribution of a Participant’s Vested Interest shall commence as of the date elected by the Participant. A Participant shall be
entitled to elect to receive distributions of his Vested Interest as of any date on or after his Termination of Employment, but in no event shall the distribution commence after a Participant’s Normal Retirement Date (or, if later, his
Termination of Employment). Notwithstanding the foregoing, if a Participant is a “specified employee” of the Employer or an Adopting Employer (within the meaning of Treas. Reg. section 1.409A-1(i)) at any time during the twelve
(12)—month period ending on the date of his Termination of Employment, payment to such Participant shall be suspended until the date that is six (6) months after the date of such Termination of Employment; provided, that if the form of
payment to such Participant is described in Section 5.1(b), (c), (d) or (e), the first payment to the Participant after the lapse of the six (6)—month suspension period shall include any payment that would have been made earlier but
for such suspension. 

  

	5.3.	 Election of Form and Timing of Distribution. A Participant’s election regarding the form and timing of his distribution shall be made upon
his becoming a Participant. Notwithstanding the foregoing, such election may be changed at any time; provided, (a) that such election shall not be effective and the Participant’s prior election shall control unless (i) such election
does not take effect until at least 12 months after the date on which it is made, and (ii) distribution of the Participant’s Vested Interest does not commence until a date that

  

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is at least five years from the date distribution would have commenced under the Participant’s prior election, and (b) in no event may such election result in an acceleration of the
date on which distribution would have commenced. In the event that a Participant has not made any election regarding the form and timing of his benefit distribution then he will be deemed to have elected to receive his benefit in the form of an
immediate lump sum distribution as soon as administratively feasible after his Termination of Employment and his benefit will be distributed in accordance with this deemed election. Notwithstanding the foregoing, a Participant may make a new
designation as to the form and timing for payment of his Vested Interest so long as such new designation (a) is made on or before December 31, 2008, (b) applies only to amounts that would not otherwise be payable in 2008, and
(c) does not cause an amount to be paid in 2008 that would not otherwise be payable in such year. 

  

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 Article 6. - Survivor Benefits 
  

	6.1	Survivor Benefit. If a Participant with a Vested Interest dies before he starts to receive his SERP Benefit, then his Beneficiary shall be entitled to receive a
Survivor Benefit equal to the actuarial equivalent of the Participant’s SERP Benefit. 

  

	6.2	Distribution of Survivor Benefit. 

  

	 	(a)	Distribution of a Survivor Benefit shall commence as soon as practicable after a Participant’s death. Subject to the following sentence, payment of this Survivor
Benefit shall be made in the form of a single cash distribution. In the case of a Beneficiary who is the Participant’s spouse, the Beneficiary may elect to receive a Survivor Benefit as a life annuity; provided, that such election shall not be
effective unless (i) such election does not take effect until at least 12 months after the date on which it is made, and (ii) distribution of the Survivor Benefit does not commence until a date that is at least five years from the date
distribution would otherwise have commenced. 

  

	 	(b)	If the Survivor Benefit is paid as a single cash distribution, this benefit shall be equal to the single cash distribution amount to which the Participant would have
been entitled. If the Survivor Benefit is paid as an annuity then the single cash distribution amount under the prior sentence shall be converted to an annuity of equivalent actuarial value based on the GATT Factors. 

  

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 Article 7. - Beneficiary Designation 
  

	7.1	Beneficiary Designation. Each Participant shall have the right, at any time prior to Termination of Employment, to designate any person or persons as his
Beneficiary or Beneficiaries (both principal as well as contingent) to whom payment under this Plan shall be paid in the event of his death prior to complete distribution of the benefits due to him under the Plan. Any Beneficiary designation may be
changed by a Participant by the written filing of such change on a form prescribed by the Company. The filing of a new Beneficiary designation form will cancel all Beneficiary designations previously filed. 

  

	7.2.	No Beneficiary Designation. If a Participant fails to designate a Beneficiary as provided above, or if all designated Beneficiaries predecease the Participant,
then the Participant’s designated Beneficiary shall be deemed to be the Participant’s beneficiary designated under the Pension Plan. If the Participant does not have a valid beneficiary designation under the Pension Plan, then the
Participant’s designated Beneficiary shall be deemed to be the persons surviving him in the first of the following classes in which there is a survivor on a per stirpes basis: 

  

	 	(a)	The surviving spouse; 

  

	 	(b)	The Participant’s children; or 

  

	 	(c)	The Participant’s estate. 

  

	7.3	Effect of Payment. The payment to the deemed Beneficiary under Section 7.2 shall completely discharge the Employer’s obligations under this Plan.

  

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 Article 8. - Administration 
  

	8.1	Administration. The Plan shall be administered by the Benefits Committee appointed by the Board. The Benefits Committee shall have full discretionary authority
to determine all questions arising in connection with the Plan, including its interpretation and the determination of eligibility for benefits, and may adopt procedural rules and may employ and rely upon such legal counsel, actuaries, accountants
and agents as it may deem advisable to assist in the administration of the Plan. Subject to Section 8.2, decisions of the Benefits Committee shall be final, conclusive and binding on all persons including Participants, their Beneficiaries, and
the Company. A member of the Benefits Committee who is also a Participant in the Plan must abstain from voting on any matter relating specifically to his own benefits (but not benefits in general) under the Plan. The Benefits Committee may appoint
one or more agents to assist in plan administration. 

  

	8.2.	Claims Procedure. 

 (a)
Claim for Benefits. Any claim for benefits under this Plan shall be made in writing to the Benefits Committee. If a claim for benefits is wholly or partially denied, the Benefits Committee shall so notify the Participant or Beneficiary within
90 days after receipt of the claim (unless special circumstances exist in which case the 90 days can be extended to 180 days upon notice to the Participant or Beneficiary to that effect). The notice of denial shall be written in a manner calculated
to be understood by the Participant or Beneficiary and shall contain (i) the specific reason or reasons for denial of the claim, (ii) specific references to the pertinent Plan provisions upon which the denial is based, (iii) a
description of any additional material or information necessary to perfect the claim together with an explanation of why such material or information is necessary and (iv) an explanation of the claims review procedure. 
  

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 (b) Review of Claim. Within 60 days after the receipt by the Participant or
Beneficiary of notice of denial of a claim under paragraph (a) (or at such later time as may be reasonable in view of the nature of the benefit subject to the claim and other circumstances), the Participant or Beneficiary may (i) file a
request with the Benefits Committee that it conduct a full and fair review of the denial of the claim, (ii) review pertinent documents and (iii) submit questions and comments to the Benefits Committee in writing. 
 (c) Decision After Review. Within 60 days after the receipt of a request for review under Paragraph (b), the Benefits Committee shall
deliver to the Participant or Beneficiary a written decision with respect to the claim, except that if there are special circumstances (such as the need to hold a hearing) which require more time for processing, the 60-day period shall be extended
to 120 days upon notice to the Participant or Beneficiary to that effect. The decision shall be written in a manner calculated to be understood by the Participant or Beneficiary and shall (i) include the specific reason or reasons for the
decision and (ii) contain a specific reference to the pertinent Plan provisions upon which the decision is based. 
  

	8.3	 Indemnification. The members of the Benefits Committee and its agents shall be indemnified and held harmless by the Company against and from any
and all loss, cost, liability, or expense that may be imposed upon or incurred by them in connection with or resulting from any claim, action, suit, or proceeding to which they may be a party or in which they may be involved by reason of any action
taken or failure to act under this Plan and against and from any and all amounts paid by them in settlement (with the

  

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Company’s written approval) or paid by them in satisfaction of a judgment in any action suit, or proceeding. The foregoing shall not be applicable to any person if the loss, cost, liability
or expense is due to such person’s gross negligence or willful misconduct. 

  

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 Article 9. - Amendment and Termination of Plan 
 The Company may at any time amend or terminate the Plan in whole or in part; provided, however, that no amendment or termination shall be effective to
decrease or restrict any amount of the Participant’s SERP Benefit at the time of such amendment or termination. Notwithstanding the foregoing, the Benefits Committee may make amendments to the Plan provided that any such amendment does not
materially affect the cost of the Plan to the Company. 
  

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 Article 10. - Miscellaneous 
  

	10.1	Nature of Interest of Participant. Although this Plan is intended to constitute an “unfunded” plan of deferred compensation, the Company or any
Adopting Employer may set aside assets, in a trust or otherwise, to satisfy its obligations under the Plan; provided, however, that with respects to any payments not yet made to a Participant hereunder, nothing contained in the Plan shall give any
such Participant any rights that are greater than those of a general unsecured creditor of the Company or any Adopting Employer, and any such trust or other arrangement shall not create, in favor of any Participant, any right or lien in or against
any of the assets of the Company or any Adopting Employer; and provided further, that any such trust or other funding arrangement created shall satisfy the requirements of Section 409A(b) of the Code. 

  

	10.2.	Nonassignability. Neither a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise
encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, or any part thereof, which are, and all rights to which are, expressly declared to be unassignable and non-transferable. No part of the
amounts payable shall, prior to actual payment, be subject to seizure or sequestration for the payment of any debts, judgments, alimony or separate maintenance owed by a Participant or any other person, nor be transferable by operation of law in the
event of a Participant’s or any other person’s bankruptcy or insolvency. 

  

	10.3	Not a Contract of Service. The terms and conditions of this Plan shall not be deemed to constitute a contract of service between the Company and any Participant,
and no Participant (or his Beneficiary) shall have any rights against the Company except as may otherwise be specifically provided herein. Moreover, nothing in this Plan shall be deemed to give a Participant the right to be retained in the
employment of the Company. 

  

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	10.4.	Merger, Consolidation or Acquisition. In the event of a merger, consolidation or acquisition where the Company is not the surviving corporation, unless the
successor or acquiring corporation shall elect to continue and carry on the Plan, this Plan shall terminate and no additional benefits shall accrue. Unpaid benefits which have been accrued up to the date of the merger, consolidation or acquisition
shall be paid as scheduled unless the successor or acquiring corporation elects to accelerate payment. 

  

	10.5	Protective Provisions. A Participant (or Beneficiary) will cooperate with the Company by furnishing any and all information requested by the Company in order to
facilitate the payment of benefits hereunder. 

  

	10.6.	Tax Withholding. The Company may withhold from a payment any federal, state or local taxes required by law to be withheld with respect to such payments and such
sums as the Company may reasonably estimate as necessary to cover any taxes for which the Company may be liable and which may be assessed with regard to such payment. 

  

	10.7	Applicable Law. The Plan, and the rights of any Participant or Beneficiary related thereto, shall be governed by the laws of the State of New York without regard
to the principles of conflicts of law. 

  

	10.8.	Separability. If any provision of this Plan is held invalid or unenforceable, to the extent necessary to effectuate the purposes of this Plan, its invalidity or
unenforceability shall not affect any other provisions of the Plan and the Plan shall be construed and enforced as if such provisions had not been included therein. 

  

	10.9.	Usage. Whenever applicable, the masculine gender, when used in the Plan, shall include the feminine or neuter gender, and the singular shall include the plural.

  

 19Pearson Inc. Excess Plan

 Exhibit 10.58 
 PEARSON INC. 
 EXCESS RETIREMENT PLAN 

Section 1. Establishment and Purpose of the Plan. 
 1.1 Establishment. The Company previously established the Pearson Inc. Excess Retirement Plan (formerly known as The Pearson Inc. Excess Savings and Investment Plan), an unfunded plan of
voluntarily deferred compensation, for the benefit of Eligible Employees. Effective January 1, 2005, the Company hereby amends and restates the Plan in its entirety as set forth herein to conform its terms to the requirements of
Section 409A of the Code and current administrative practice. Notwithstanding anything contained herein to the contrary, it is the express intent of the Company to preserve the terms of the Plan in effect immediately prior to this restatement
with respect to the portion of a Participant’s Account attributable to Compensation deferred hereunder prior to January 1, 2005. 
 1.2 Purpose. The purpose of this Plan is to provide a means by which an Eligible Employee may, in accordance with the terms herein, elect to defer receipt of a portion of his Compensation. The Plan
also provides that an Employer shall, in certain instances, credit the Account of a Participant with an Employer Match, Basic Annual Contribution and Age-Weighted Contribution. It is the express intent of the Company that the Plan constitute
(i) “a plan which is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees,” within the meaning of Sections 201(2),
301(a)(3) and 401(a)(1) of ERISA and (ii) a nonqualified deferred compensation plan meeting the requirements of Section 409A of the Code. 
 Section 2. Definitions. 
 The following words and phrases as used in this Plan have the following
meanings. For purposes of the Plan, the use of the male pronoun shall include the feminine and the use of the singular number shall include the plural unless the context indicates to the contrary. 
 Account. The term “Account” shall mean a Participant’s individual account, as described in Section 7 including,
where necessary, sub-accounts (including, if applicable, a Non-§409A Account) to separately account for Employer Matches, Basic Annual Contributions, Age-Weighted Contributions, Prior Plan accounts and such other amounts credited to a
Participant’s benefit under the Plan as the Committee deems necessary or appropriate. 
 Age-Weighted Contribution.
The term “Age-Weighted Contribution” means an amount credited to a Participant’s Account pursuant to Section 6. 
  

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 Basic Annual Contribution. The term “Basic Annual Contributions” means an
amount credited to a Participant’s Account pursuant to Section 5. 
 Board of Directors. The term “Board
of Directors” means the board of directors of the Company. 
 Code. The term “Code” means the Internal
Revenue Code of 1986, as amended, and the regulations promulgated and rulings issued thereunder. 
 Committee. The term
“Committee” means the Administrative Committee for the Benefit Plans of Pearson Inc, the members of which are appointed by the Board of Directors. 
 Company. The term “Company” means Pearson Inc., and its successors and assigns. 
 Compensation. The term “Compensation” shall have the meaning ascribed thereto in the 401(k) Plan but without regard to the limit contained in Section 401(a)(17) of the Code;
provided, however, that Compensation in excess of $750,000 in any Plan Year (reduced by the amount of Compensation taken into account in determining employer contributions under the 401(k) Plan) shall be disregarded under the Plan for purposes of
determining the Age-Weighted Contribution, Basic Annual Contribution and Employer Match, if any, to be made to the Account of a Participant for such Plan Year. 
 Eligible Employee. The term “Eligible Employee” means an employee of an Employer (i) who has been selected by the Committee in its discretion for participation in the Plan for a Plan
Year, (ii) who is among a select group of management or highly compensated employees (for purposes of Title I of ERISA), and (iii) who is a participant in the 401(k) Plan. 
 Employer. The term “Employer” means the Company, and each affiliate of the Company that employs an Eligible Employee and
that, with the permission of the Company, adopts the Plan for the benefit of its employees. 
 Employer Match. The term
“Employer Match” means an amount credited to a Participant’s Account pursuant to Section 4. 
 ERISA.
The term “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the regulations promulgated and rulings issued thereunder. 
 Excess Salary Reduction Contributions. The term “Excess Salary Reduction Contributions” means the portion of each payment of Compensation payable to a Participant during a Plan Year that
the Participant elects, in accordance with Section 3.1, to defer under the terms of the Plan. 
 401(k) Plan. The
term “401(k) Plan” means The Pearson Retirement Plan, as the same may be amended from time to time, and any successor thereto, and incorporating any rules and procedures established by the Committee. 
  

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 Limitation. The term “Limitation” means the limitation (i) on annual
additions to a defined contribution plan under Section 415(c) of the Code, (ii) on compensation taken into account under Section 401(a)(17) of the Code, or (iii) on elective deferrals under Section 402(g) of the Code.

 Non-§409A Account. The portion of a Participant’s Account attributable to Compensation deferred hereunder
prior to January 1, 2005, together with earnings and losses thereon. 
 Participant. The term
“Participant” means an Eligible Employee who elects, in accordance with Section 3.1, to have Excess Salary Reduction Contributions made to the Plan. 
 Plan. The term “Plan” means the Pearson Inc. Excess Retirement Plan, as set forth herein and as amended from time to time, and any successor thereto, and incorporating any rules and
procedures established by the Committee. 
 Plan Year. The term “Plan Year” means the calendar year.

 Prior Plan. The term “Prior Plan” means the Viacom Excess Investment Plan, the Harper Collins Individual
Retirement Arrangement, and/or any other nonqualified deferred compensation plan as may be designated by the Committee. 
 Treasury Regulations. The term “Treasury Regulations” means the regulations promulgated by the U.S. Department of the Treasury under section 409A of the Code. 
 Unforeseeable Emergency. The term “Unforeseeable Emergency” means a severe financial hardship to a Participant resulting
from an illness or accident of the Participant, the Participant’s spouse, or a dependent (as defined in Section 152 of the Code, without regard to Sections 152(b)(1), 152(b)(2) and 152(d)(1)(B) of the Code) of the Participant, loss of the
Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. The circumstances that will constitute an Unforeseeable Emergency will
depend upon the relevant facts and circumstances of each case, and will be determined by the Committee in its discretion. 
  

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 Section 3. Participation. 
 3.1 Election to Participate. To become a Participant, an Eligible Employee must elect in writing prior to the first day of the Plan
Year to participate in the Plan in such form as determined by the Committee; provided, that an individual who first becomes an Eligible Employee after the start of a Plan Year may elect to participate in the Plan within 30 days of the date on which
he becomes an Eligible Employee with respect to Compensation to be earned prospectively during such Plan Year. Such election shall specify (i) the rate of Excess Salary Reduction Contributions, designated in whole percentages, which rate may be
no less than 1% or more than 50% of Compensation and (ii) the form and timing of the payment of his Account pursuant to Section 8. Excess Salary Reduction Contributions shall not commence until a Participant has reached a Limitation under
the 401(k) Plan. In no event shall a Participant’s action or inaction under the 401(k) Plan, including changes to such Participant’s deferral elections under the 401(k) Plan, affect the Participant’s Excess Salary Reduction
Contributions, Age-Weighted Contributions, Basic Annual Contributions or Employer Matches in a manner that would violate Section 409A of the Code. 
 3.2 Amendment or Termination of Election. A Participant may change (including suspend) his rate of Excess Salary Reduction Contributions as of the beginning of any Plan Year by filing such form at
such time in advance of such Plan Year, as prescribed by the Committee. Such new election shall be effective on a prospective basis beginning with the first payroll period of the following Plan Year and shall be irrevocable; provided, however, that,
subject to the requirements of Section 409A of the Code, the election may be terminated, effective immediately, in the discretion of the Committee, with respect to Compensation not yet earned, as a result of an Unforeseeable Emergency. In the
event of such a termination, any subsequent election to participate shall be made in accordance with the provisions of Section 3.1. In addition, a Participant may file with the Committee a new designation of the form and timing of payment. Any
such subsequent designation shall supersede all prior designations and shall be effective as to the Participant’s entire Account as if the new designation had been made in writing at the time of his initial enrollment; provided, that any new
designation shall be disregarded (and the prior effective designation shall be given effect) unless such new designation (i) was filed with the Committee at least twelve (12) months before the Participant’s termination of employment,
and (ii) such new designation provides for a deferral for a period which is not less than five (5) years from the date payment of the Participant’s Account would otherwise have been paid or commenced to be paid. Notwithstanding the
foregoing, a Participant may make a new designation as to the form and timing for payment of his Account so long as such new designation (a) is made on or before December 31, 2008, (b) applies only to amounts that would not otherwise
be payable in 2008, and (c) does not cause an amount to be paid in 2008 that would not otherwise be payable in such year. 
  

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 Section 4. Employer Match. 
 4.1 Rate. Employer Matches may be made at the discretion of the Board of Directors or the Committee for any Plan Year to the Account
of a Participant. If made, the Employer Match shall be credited each pay period with respect to the Participant’s Excess Salary Reduction Contributions at the rate of matching contributions contributed to the Participant’s account under
the 401(k) Plan, or such other rate as determined by the Board of Directors or the Committee in its discretion. Except to the extent that the Committee determines otherwise, in no event shall an Employer Match be made for a Plan Year to the Account
of a Participant based on any portion of the Participant’s Compensation for which a matching contribution was made to the Participant’s account under the 401(k) Plan for such Plan Year. Until a Participant has become fully vested pursuant
to Section 4.2, a separate sub-Account shall be maintained to record each Employer Match, and earnings and losses credited with respect thereto. 
 4.2 Vesting. A Participant shall be vested in the portion of his Account attributable to Employer Matches to the same extent he is vested in his employer matching account under the 401(k) Plan.

  

 5 

 Section 5. Basic Annual Contributions. 
 5.1 Rate. Basic Annual Contributions may be made at the discretion of the Board of Directors or the Committee for any Plan Year to the
Account of a Participant. If made, the amount of such Basic Annual Contributions shall be equal to the amount by which the basic annual contributions which would otherwise have been made to the account of the Participant under the 401(k) Plan for
such Plan Year but for the imposition of any Limitation, and based on the Participant’s Compensation for such year, exceeds the actual basic annual contribution made to the account of the Participant under the 401(k) Plan for such year. Until a
Participant has become fully vested pursuant to Section 5.2, a separate sub-Account shall be maintained to record each Basic Annual Contribution, and earnings and losses credited with respect thereto. 
 5.2 Vesting. A Participant shall be vested in the portion of his Account attributable to Basic Annual Contributions to the same
extent he is vested in his basic annual employer contributions under the 401(k) Plan. 
 Section 6. Age-Weighted
Contributions. 
 6.1 Rate. Age-Weighted Contributions may be made at the discretion of the Board of Directors or the
Committee for any Plan Year to the Account of a Participant. If made, the amount of such Age-Weighted Contributions shall be equal to the amount by which the age-weighted annual employer contributions which would otherwise have been made to the
account of such Participant under the 401(k) Plan for such Plan Year but for the imposition of any Limitation, and based on the Participant’s Compensation for such year, exceeds the actual age-weighted annual employer contribution made to the
account of the Participant under the 401(k) Plan for such year. Until a Participant has become fully vested pursuant to Section 6.2, a separate sub-Account shall be maintained to record each Age-Weighted Contribution, and earnings and losses
credited with respect thereto. 
 6.2 Vesting. A Participant shall be vested in the portion of his Account attributable
to Age-Weighted Contributions to the same extent he is vested in age-weighted annual employer contributions under the 401(k) Plan. 
 Section 7. Accounts. 
 7.1 Creation of Accounts. The Company shall maintain an Account
(including, where necessary, appropriate sub-Accounts) in the name of each Participant. Each Participant’s Account shall be increased by (i) the amount of the Participant’s Excess Salary Reduction Contributions, (ii) the amount
of Employer Matches, if any, made with respect thereto, (iii) the amount of Basic Annual Contributions and Age-Weighted Contributions, if any, made with respect to the Participant, (iv) earnings and appreciation determined by reference to
the Participant’s investment selections made pursuant to Section 7.2, and (v) the amount credited to the Participant under a Prior Plan where applicable. Each Participant’s Account shall be decreased by (i) payments made
pursuant to Section 8 and (ii) losses and depreciation determined by reference to the Participant’s investment selections made pursuant to Section 7.2. 
  

 6 

 7.2 Investments. For purposes of determining the amount of earnings and appreciation
and losses and depreciation to be credited to a Participant’s Account, such Account shall be deemed invested in the investment options available under the Plan (designated by the Investment Committee for the Benefit Plans of Pearson Inc.) as
the Participant may elect, from time to time, in accordance with such rules and procedures as the Committee may establish. However, no provision of this Plan shall require an Employer to actually invest any amounts in any fund or in any other
investment vehicle. 
 7.3 Status of Accounts. Accounts established under the Plan are merely bookkeeping entries to
record the amount payable under the terms of the Plan and do not represent an interest in any specific asset of any Employer or an actual investment in any particular investment vehicle. 
 Section 8. Payment. 
 8.1 Payment Upon Termination. As
soon as practicable after a Participant’s termination of employment with his Employer (and all affiliates of the Company), the Employer shall pay, or commence payment, to the Participant (or in the event of his death, to his beneficiary) an
amount equal to the vested balance credited to the Participant’s Account. A Participant shall elect on such form as determined by the Committee at the time at which he becomes a Participant pursuant to Section 3.1 (which form and timing of
election shall comply with Section 409A of the Code) from among the following payment options: (i) a lump sum, (ii) three annual installments each equal to the vested balance credited to the Account at the time of the installment
payment multiplied by a fraction, the numerator of which is one, and the denominator of which is three minus the number of installments previously paid, (iii) five annual installments each equal to the vested balance credited to the Account at
the time of the installment payment multiplied by a fraction, the numerator of which is one, and the denominator of which is five minus the number of installments previously paid, or (iv) such other payment option as may be permitted by the
Committee in its discretion. If a Participant elects an installment form of payment, (i) each installment shall be treated as a separate payment for purposes of Section 1.409A-2(b)(2)(iii) of the Treasury Regulations and (ii) the
first payment of such installments shall be paid no later than March 15 of the year following the year in which his termination of employment occurs; provided, that any payment that would otherwise be made after March 15 of the year
following the year in which his termination of employment occurs shall be accumulated and paid in the seventh month following the date of his termination of employment to the extent necessary to comply with the rules pertaining to “specified
employees” under Section 1.409A-3(i)(2) of the Treasury Regulations; and provided further, that the special rules applicable to “specified employees” set forth in this sentence shall not apply with respect to a Participant’s
Non-§409A Account. If a Participant elects a lump sum form of payment, such payment shall be made no later than March 15 of the year following the year in which his termination of employment occurs. The Committee shall adopt special
payment rules that apply to Participants who were former participants in a Prior Plan and, where necessary, shall maintain separate sub-Accounts to track such Participants’ Prior Plan accounts. 
 8.2 Payment Prior to Termination. A Participant may at any time request a payment of an amount equal to all or any portion of the
vested balance then credited to his Non-§409A Account. The Employer shall thereupon pay to the Participant 90% of the amount so requested, and the remaining 10% shall be forfeited by the Participant as a penalty for early payment. 

 

 7 

 8.2 Payment Prior to Termination on Account of Unforeseeable Emergency. In the event
that the Committee, upon written request of a Participant, determines in its sole discretion that the Participant has suffered an Unforeseeable Emergency, the Company may pay to the Participant, as soon as practicable following such determination,
an amount in cash necessary to meet such Unforeseeable Emergency, not in excess of the vested portion of the Participant’s Account. Notwithstanding the foregoing, any payment under this Section 8.2 may not be made to the extent that the
Unforeseeable Emergency is or may be relieved (i) through reimbursement or compensation by insurance or otherwise, (ii) by liquidation of the Participant’s assets (to the extent the liquidation of such assets would not itself cause
severe financial hardship), and/or (iii) to the extent allowable under Section 409A of the Code, by cancellation of the Participant’s election of Excess Salary Reduction Contributions under the Plan. The Account of the Participant
shall thereafter be reduced to reflect such payment. 
 8.3 Withholding. All payments made under the Plan shall be
subject to applicable tax withholding and other statutory deductions. The Employer may also withhold taxes from Compensation not deferred hereunder where such withholding may be required prior to actual payment of benefits under the Plan.

 Section 9. Nature of Interest of Participant. 
 Although the Plan is intended to constitute an “unfunded” plan of deferred compensation, the Company or any Employer may set aside
assets, in a trust or otherwise, to satisfy its obligations under the Plan; provided, however, that with respect to any payments not yet made to a Participant in respect of his Account, nothing contained in the Plan shall give any such Participant
any rights that are greater than those of a general unsecured creditor of his Employer, and any such trust or other arrangement shall not create, in favor of any Participant, any right or lien in or against any of the assets of the Company or any
Employer; and provided further, that any such trust or other funding arrangement created with respect to a Participant’s Account (other than his Non-§409A Account) shall satisfy the requirements of Section 409A(b) of the Code.

 Section 10. Beneficiary Designation. 
 A Participant’s beneficiary designation for this Plan shall automatically be the same as such Participant’s beneficiary designation under the 401(k) Plan, unless a separate beneficiary form for
this Plan has been properly filed with the Committee. Notwithstanding the foregoing, in the absence of an effective designation of beneficiary made hereunder or under the 401(k) Plan, the Committee shall designate as beneficiary, in the following
order of priority: (i) the Participant’s surviving spouse; (ii) the Participant’s surviving children, including adopted children, in equal shares; (iii) the Participant’s surviving parents, in equal shares; and
(iv) the Participant’s estate. 
 Section 11. Administration. 
 11.1 Committee. This Plan shall be administered by the Committee. 
  

 8 

 11.2 Powers of the Committee. The Committee’s powers shall include, but shall
not be limited to, the power in its discretion: 
  

	 	(i)	to determine who are Eligible Employees for purposes of participation in the Plan, and to discontinue a Participant’s future eligibility to participate in the
Plan. 

  

	 	(ii)	to interpret the terms and provisions of the Plan and to determine any and all questions arising under the Plan, including without limitation, the right to remedy
possible ambiguities, inconsistencies, or omissions by a general rule or particular decision, 

  

	 	(iii)	to act on its own behalf or through the actions of its duly authorized delegate, and 

  

	 	(iv)	to adopt rules and procedures, and prescribe forms, consistent with the Plan, and amend such rules, procedures and forms as it deems appropriate.

 11.3 Finality of Committee Determinations. Determinations by the Committee and any interpretation, rule,
or decision adopted by the Committee under the Plan or in carrying out or administering the Plan shall be final and binding for all purposes and upon all interested persons, their heirs, and personal representatives. 
 11.4 Liability. The Committee shall incur no liability for any action taken or not taken in good faith reliance on advice of counsel,
who may also be counsel for the Company, or taken or not taken in good faith reliance on a determination as to a matter of fact which has been represented or certified by a person reasonably believed to have knowledge of the fact so represented or
certified, or taken or not taken in good faith reliance on a recommendation or opinion expressed by a person reasonably believed to be qualified or expert as to any matter where it is reasonable or customary to seek or rely on such recommendation or
opinion. The Company shall jointly and severally indemnify the Committee and any employee and hold them harmless from any loss, liability or expense in respect of the Plan, including the legal cost of defending claims and amounts paid in
satisfaction or settlement thereof. 
 Section 12. Assignment. 
 A Participant’s right to receive payment under the Plan, and the Employer’s obligation to make payment under the Plan, may not be
anticipated, sold, encumbered, pledged, mortgaged, charged, transferred, alienated, assigned or become subject to execution, garnishment or attachment; provided, however, that the Participant’s Employer may assign its obligation to make payment
under the Plan to any successor to all or any portion of the Employer’s business; and provided further, that an Employer may offset from any payment to which the Participant is otherwise entitled under the Plan any amount owing by the
Participant to the Employer. 
 Section 13. No Employment Rights. 
 No provision of the Plan or any action taken by the Company, the Board of Directors, any Employer or the Committee shall give any person any
right to be retained in the employ of any Employer, and the right and power of the Company and any Employer to dismiss or discharge any Participant is specifically reserved. 
  

 9 

 Section 14. Amendment, Suspension and Termination. 
 The Board of Directors shall have the right to amend, suspend, or terminate the Plan at any time, and each Employer shall have the right to
terminate its participation if the Plan at any time. No amendment, suspension or termination shall, without the consent of a Participant, adversely affect such Participant’s right to receive, in accordance with the terms of the Plan, payment of
the amount then credited to his Account. Notwithstanding the foregoing, the Committee shall have the authority to make amendments to the Plan, provided that no such amendment shall materially increase the cost of the Plan to the Company or any
Employer without the consent of the Board of Directors. 
 Section 15. Governing Law. 
 The Plan shall in all respects be construed and interpreted according to the laws of the State of New York, except where preempted by
applicable Federal law. 
  

 10

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