Document:

Exhibit 10.23

 

NetRatings UK Limited

David Day

 

Compromise Agreement

 

 

CONTENTS

 

	
   

  	
   

  	
  Page No

  
	
   

  	
   

  	
   

  
	
  1.

  	
  Termination Date and Reason for Dismissal

  	
  1

  
	
   

  	
   

  	
   

  
	
  2.

  	
  Continuing Duties

  	
  1

  
	
   

  	
   

  	
   

  
	
  3.

  	
  Consideration

  	
  1

  
	
   

  	
   

  	
   

  
	
  4.

  	
  Resignation of Directorships

  	
  2

  
	
   

  	
   

  	
   

  
	
  5.

  	
  Return of Property

  	
  2

  
	
   

  	
   

  	
   

  
	
  6.

  	
  Post Termination Obligations and Confidential Information

  	
  2

  
	
   

  	
   

  	
   

  
	
  7.

  	
  Confidentiality

  	
  3

  
	
   

  	
   

  	
   

  
	
  8.

  	
  Retention of Confidential Information

  	
  3

  
	
   

  	
   

  	
   

  
	
  9.

  	
  Announcements

  	
  4

  
	
   

  	
   

  	
   

  
	
  10.

  	
  Waiver of Claims Against Company

  	
  4

  
	
   

  	
   

  	
   

  
	
  11.

  	
  Independent Legal Advice

  	
  4

  
	
   

  	
   

  	
   

  
	
  12.

  	
  Full and Final Settlement

  	
  5

  
	
   

  	
   

  	
   

  
	
  13.

  	
  Reliance

  	
  6

  
	
   

  	
   

  	
   

  
	
  14.

  	
  Satisfaction of Conditions Regarding Compromise Agreements

  	
  7

  
	
   

  	
   

  	
   

  
	
  15.

  	
  Enforcement

  	
  7

  
	
   

  	
   

  	
   

  
	
  16.

  	
  Severability

  	
  7

  
	
   

  	
   

  	
   

  
	
  17.

  	
  Jurisdiction

  	
  7

  
	
   

  	
   

  	
   

  
	
  18.

  	
  Headings

  	
  7

  
	
   

  	
   

  	
   

  
	
  19.

  	
  Counterparts

  	
  7

  
	
   

  	
   

  	
   

  
	
  20.

  	
  Whole Agreement

  	
  7

  
	
   

  	
   

  	
   

  
	
  Appendix 1 Letter of Resignation

  	
  9

  
	
   

  	
   

  	
   

  
	
  Appendix 2 Adviser’s Certificate

  	
  10

  
	
   

  	
   

  

 

 

SUBJECT TO CONTRACT AND WITHOUT PREJUDICE

 

COMPROMISE AGREEMENT

 

Dated:   17 February 2006

 

BETWEEN:

 

(1)           DAVID DAY of 1
Morlands, East Hanney, Oxfordshire, OX12 0JW (“you”); and

 

(2)                                  NETRATINGS UK LIMITED
(company number 05564009) whose registered office is at 77 St John Street,
London EC1M 4NN (the “Company”).

 

WHEREAS:

 

(A)                              You have been employed by the Company and AC Nielsen Co. Ltd since
27 April 1997.

 

(B)                                You and
the Company have agreed the terms upon which your employment with the Company
will terminate, following an intimation by the Company of potential serious
disciplinary matters and your indication that you would take issue with those
matters.

 

(C)                                The Company is entering into this Agreement for itself and as agent
for each and every company which is a holding company or subsidiary of the
Company and each and every subsidiary of any such holding company, whether in
the United Kingdom or elsewhere (“Group Company”) and is duly
authorised in that behalf.

 

IT IS AGREED as follows:

 

1.                                      Termination
Date and Reason for Dismissal

 

Your
employment will terminate on 15 May 2006 (the “Termination
Date”) following your resignation which is deemed effective as at 14
February 2006. The reason for the termination of your employment is your
resignation. You will continue to receive your normal salary and contractual
benefits up to and including the Termination Date.

 

2.                                      Continuing
Duties

 

You
will continue to perform your normal duties until 28 February 2006. After this
date, until 15 May 2006,  you will be on
garden leave and will not be required to perform any services for the Company.
During the garden leave period you should not contact clients or colleagues save
when specifically requested to do so or enter any premises of the Company and
you are expected to remain contactable at all times. You are required to use up
any accrued holiday during the garden leave period. You should inform us of any
days that you intend to take as holiday. Save for the requirement to provide
services, you remain bound by your continuing obligations as an employee,
including your duty of fidelity,  until
the Termination Date.

 

3.                                      Consideration

 

3.1                                 As consideration for
this Agreement, the Company will pay the sum of £35,320 (thirty five thousand
three hundred and twenty pounds) to you as a severance payment, less
appropriate statutory deductions. The severance payment will be paid to you
within 21

 

 

days
of the Termination Date. You and the Company declare the common view that this
payment may be made free of tax and national insurance to the extent of the
first £30,000.00.

 

3.2                                 The terms of the
Amended and Restated 1998 NetRatings Stock Plan will apply in all respects
including the 90-day post-termination limitation for the exercise of vested
stock options, which in your case will run from 15 May 2006.

 

3.3                                 The Company will also
procure the following provisions in relation to restricted stock: If the
Company meets its defined financial targets, in accordance with the terms of
the Executive Team Restricted Stock Award Performance Vesting Terms (“Restricted
Stock Terms”), you will receive 6,666 (six thousand, six hundred and sixty six)
shares of NetRatings common stock, available following the public release of
NetRatings’ full year 2005 financial results, currently scheduled for 9 March
2005, after the close of the Nasdaq market. The balance of the restricted stock
that you might otherwise have received under the Restricted Stock Terms, is
forfeited.

 

3.4                                 You should note that
the Company is under no obligation to provide any of the benefits or payments
detailed at 3.1 to 3.3 above, in the circumstances of the termination of your
employment, and it agrees to the above terms without any admission of
liability.

 

4.                                      Resignation
of Directorships

 

You
shall resign as a director of the Company and any Group Company of which you
are a director or officer, with effect from 14 February 2006, by delivering to
the Company a letter of resignation in the terms of the draft attached at
Appendix 1 and do any other act required by the Company to effect such
resignations from such offices.

 

5.                                      Return
of Property

 

You
agree to return all books, documents, papers (including copies), material,
credit cards, keys, mobile communication devices or other property of or
relating to the business of the Company or any Group Company, its or their
customers, clients or suppliers to the Company’s premises on or before 28
February 2006.

 

6.                                      Post
Termination Obligations and Confidential Information

 

6.1                                 At no time after 28
February 2006 shall you directly or indirectly represent yourself as being
interested in or employed by or in any way connected with the Company or any
Group Company, other than as a former employee of the Company.

 

6.2                                 In consideration of a
payment of £10,000 (ten thousand pounds) 
(less appropriate statutory deductions), which payment will be made to
you within 21 days of the Termination Date,

 

6.2.1                        you agree that for a
period of nine months after the Termination Date you will not, directly or
indirectly

 

(a)                                  solicit from any clients of the Company with whom you have dealt at
any time in the 12 months prior to the Termination Date, any business that is
the same as or which would compete with any business carried on by the Company
as at the Termination Date

 

2

 

(b)                                 be involved with in any capacity, or carry on, any business that
competes directly with any of the Company’s current products, including but not
limited to Internet Audience Measurement, Web Analytics and Advertising
Effectiveness

 

(c)                                  solicit any employees of the Company, who are senior managers or
sales staff, to work in a business which competes or is preparing to compete
with the business of the Company

 

6.2.2                        you agree that you
will not (except with the express written consent of the Board of the Company
or in compliance with an order of a competent court) at any time (without
limit) before or after the Termination Date:

 

(a)                                  divulge or communicate to any
person, company, business entity or other organisation; or

 

(b)                                 use for your own purposes or for
any purposes other than those of the Company or any Group Company; or

 

(c)                                  through any failure to exercise
due care and diligence, permit or cause any unauthorised disclosure of

 

any
information including but not limited to terms of contracts or arrangements,
existing and potential projects, 
information regarding customers, clients or suppliers, disputes,
business development and/or marketing programmes and plans, the business,
products, affairs and finances of the Company or of any Group Company for the
time being confidential to it or to them or treated by it or them as such and
trade secrets (including, without limitation, technical data and know-how)
relating to the business of the Company or of any Group Company or of any of
its or their suppliers, clients or customers (“Confidential Information”).

 

6.3                                 Without Prejudice to
Clause 6.2.2 above and any other terms of this Agreement,  both before and after the Termination
Date,  you will abide by the terms of the
Company Trade Secrets Agreement dated 29 June 2000 and communicated to you on
your joining AC Nielsen eRatings.com, save that Paragraph 3 of the Trade
Secrets Agreement is expressly replaced by clause 6.2.1(c) of this Agreement.

 

7.                                      Confidentiality

 

You
agree that your resignation and the existence of and terms of this Agreement will
be confidential and you will not disclose them to any other person unless
specifically authorised by the Board of the Company to do so (save for the
purpose of seeking legal advice in relation to them, or to the relevant tax
authorities or as otherwise required by law to disclose), save that after
William Pulver, President and CEO of NetRatings has made a formal announcement
to employees (which is expected to be on or after 24 February 2006) you may
also disclose the fact that you have resigned from the Company

 

8.                                      Retention
of Confidential Information

 

You
undertake that as at the Termination Date no Confidential Information belonging
to the Company or any Group Company (including, without limitation, any
software programs or codes) whether belonging to the Company or provided to you
by them, in

 

3

 

connection
with your employment, will be stored in any manner where such information is
electronically recoverable by any means, on any electronic device, including
all devices on which you may have stored any such confidential information and
where any copy has been delivered by you to any third party, including all
devices of such third party.

 

9.                                      Announcements

 

9.1                                 You and the Company
(on the basis that the Company’s obligations are deliverable via Directors and
Senior Executives) undertake not to make nor publish nor cause to be made or
published to anyone, whether orally or in writing, in any circumstances any
disparaging remarks concerning the other (and in your case concerning any Group
Company,  the Directors, officers,
shareholders or employees of the Company or any Group Company) or make or
publish or cause to be made or published, 
or do any act or thing which might reasonably be expected to damage the
business interests or reputation of the other (and in your case, of any Group
Company, the Directors, officers, shareholders or employees of the Company or
any Group Company).

 

9.2                                 The Company will
provide an employment reference for you in accordance with its usual policy,
stating only position held, period of service and (if you consent) your level
of remuneration. Any request for an employment reference must be sent in
writing to the Company addressed to NetRatings UK Ltd, Attention: HR Manager, 2nd
Floor West, Unipart House, Garsington Road Oxford OX4 2PG.

 

10.                               Waiver
of Claims Against Company

 

This
Agreement is in full and final settlement of all and any claims that you may
have against the Company or any Group Company, in any jurisdiction, relating to
your employment or the holding of any office, the termination of your
employment or the loss of any office or any other matter including any common
law, contractual or statutory claims that you have against such companies save
for the sums and benefits due to you as set out in this Agreement, and save in
respect of any claim in respect of accrued pension rights and or any claim in
respect of personal injury, the circumstances relating to which are unknown or
could not reasonably be known to you as at the date of this Agreement (“the
Excluded Claims”).

 

11.                               Independent
Legal Advice

 

11.1                           It is a condition of
this Agreement that you have received legal advice from a “relevant
independent adviser” (within the meaning of section 203 of the Employment Rights
Act 1996) as to the terms and effect of this Agreement and in particular on its
effect on your ability to pursue a complaint or proceeding in an Employment
Tribunal or civil court. You hereby represent, warrant and undertake that:

 

11.1.1                  you have taken the
advice described in clause 12.1 from Colin Henney of Henmans Solicitors, 116 St
Aldates, Oxford, OX1 1HA and Colin Henney has supplied to the Company, a letter
in the terms of Appendix 2 to this Agreement;

 

11.1.2                  you have been advised
by your adviser that there is, and was at the time you received the advice
referred to above, in force a contract of insurance or an indemnity provided
for members of a profession or professional body covering the risk of a claim
by you in respect of loss arising in consequence of that advice;

 

4

 

11.1.3                  you have instructed
your adviser to advise as to whether you have or may have any claims, including
statutory claims, against the Company or any Group Company arising out of or in
connection with your employment or directorship(s) and its or their
termination; and

 

11.1.4                  you have provided your
adviser with all available information which your adviser requires or may
require in order to advise whether you have any such claims and your adviser
has advised you that on the basis of the information available to your adviser:

 

(a)                                  your only claims or potential complaints against the Company or any
Group Company, whether statutory, contractual, at common law or otherwise, are
those listed in Clause 12.1 of this Agreement; and

 

(b)                                 you have no other claim against the Company or any Group Company
whether statutory, contractual, at common law or otherwise Except in respect of
the Excluded Claims (if any)

 

12.                               Full
and Final Settlement

 

12.1                           You agree the terms
of this Agreement are without admission of liability on the part of the Company
or any Group Company in full and final settlement of all claims (if any)
(except in respect of the Excluded Claims), in any legal jurisdiction, whether
contractual, statutory or otherwise whether contemplated or not which you have
or may have against the Company or any Group Company or their respective
shareholders, officers or employees arising out of or in connection with your
employment or directorships and its or their termination, including but not
limited to the following claims under English and/or European Union law which
are the complaints to which this Agreement relates and which may be
contemplated by you in the current circumstances or which are the subject of
commenced proceedings. [EMPLOYEE’S
ADVISER TO DELETE CLAIMS THAT ARE NOT CONTEMPLATED BY EMPLOYEE OR THE SUBJECT
OF COMMENCED PROCEEDINGS]

 

12.1.1                  any claim for unfair
dismissal;

 

12.1.2                  intentionally
deleted;

 

12.1.3                  any claim arising out
of a contravention or an alleged contravention of the Employment Act 2002
and/or the Employment Act 2002 (Dispute Resolution) Regulations 2004 (statutory
dismissal, disciplinary and grievance procedures);

 

12.1.4                  any claim arising out
of a contravention or an alleged contravention of Part II of the Employment
Rights Act 1996 (protection of wages);

 

12.1.5                  intentionally
deleted;

 

12.1.6                  any claim arising out
of a contravention or alleged contravention of Regulation 10 (duty to inform
and consult) or Regulation 11 (entitlement to compensation) of the Transfer of
Undertakings (Protection Employment) Regulations 1981;

 

5

 

12.1.7                  intentionally
deleted;

 

12.1.8                  intentionally
deleted;

 

12.1.9                  intentionally
deleted;

 

12.1.10            any claim of
disability discrimination;

 

12.1.11            any claims under the
Working Time Regulations 1998;

 

12.1.12            intentionally
deleted;

 

12.1.13            any claim for breach
of contract;

 

12.1.14            intentionally
deleted;

 

12.1.15            intentionally
deleted;

 

12.1.16            intentionally
deleted;

 

12.1.17            intentionally
deleted;

 

12.1.18            any claims arising
out of or in connection with any entitlement to stock options or restricted
stock.

 

12.1.19            any claims in
relation to a bonus or other incentive payment or award

 

12.2                           You warrant to the
best of your information and belief that you are not aware of the circumstances
of any personal injury claim that you might have against the Company or any
other Group Company and that as at the date of this Agreement you have not
received any social security benefits in respect of any injury, accident or
disease alleged to have occurred in connection with, as a result of or been
caused by any claim referred to in this clause 12.

 

You
confirm that you have not instituted any complaint to or proceedings in the
High Court, a County Court or an Employment Tribunal and agree to refrain from
bringing or instituting any claims against the Company or any shareholder,
officer or employee of the Company including but not limited to those claims
specified in clause 13.

 

13.                               Reliance

 

You
acknowledge that the Company has entered into this Agreement in reliance on the
warranties, representations, acknowledgments and undertakings given by you
herein. In the event of any breach by you of the warranties, representations,
acknowledgements and undertakings and/or in the event of you bringing any
claims set out in clause 13, without prejudice to any other remedy the Company
may have, an amount in respect of the total Consideration at clause 3.1 shall
be repaid to you to the Company forthwith and shall be recoverable by the
Company as a debt.

 

6

 

14.                               Satisfaction
of Conditions Regarding Compromise Agreements

 

It
is agreed and acknowledged that the conditions regulating Compromise Agreements
contained in Section 77 of the Sex Discrimination Act 1975, Section 72 of the
Race Relations Act 1976, Section 288 of the Trade Union and Labour Relations
(Consolidation) Act 1992, Section 9 of the Disability Discrimination Act 1995,
Section 203 of the Employment Rights Act 1996, Section 49 of the National
Minimum Wage Act 1998, Regulation 35 of the Working Time Regulations 1998,
Regulation 41 of the Transnational Information and Consultation of Employees
Regulations 1999, Schedule 4 of the Employment Equality (Religion or Belief)
Regulations 2003 and Schedule 4 of the Employment Equality (Sexual Orientation)
Regulations 2003 are intended to be and have been satisfied.

 

15.                               Enforcement

 

Any
Group Company and any person being a director, officer, agent or employee,( but
not you) of the Company or any Group Company at the date of this Agreement may
enforce any of the terms of this Agreement in such person’s own right and the
Contracts (Rights of Third Parties) Act 1999 shall apply only to this extent.

 

16.                               Severability

 

Should
any provision of this Agreement become legally unenforceable, no other provision
of this Agreement shall be affected and this Agreement shall be construed as if
the Agreement had never included the unenforceable provision.

 

17.                               Jurisdiction

 

This
Agreement shall be governed by and construed in accordance with English law and
you and the Company hereby submit to the exclusive jurisdiction of the English
Courts. This Agreement may, however, be enforced by the Company in any court of
competent jurisdiction.

 

18.                               Headings

 

The headings to clauses in this Agreement are
for convenience only and have no legal effect.

 

19.                               Counterparts

 

This
Agreement may be executed in one or more parts by the parties on separate
counterpart or facsimile copies each of which when so executed by any party
shall be an original but all executed counterpart or facsimile copies shall
together when delivered constitute but one agreement. This Agreement shall not
be completed delivered or dated until each party has received counterpart or
facsimile copies validly executed by all other parties. The date of this Agreement
shall be the date in the United Kingdom on which validly executed copies were
received by all parties.

 

20.                               Whole
Agreement

 

This
Agreement sets out the entire agreement between the Company and you and
supersedes all prior discussions between the parties or their advisers and all
statements,

 

7

 

representations,
terms and conditions, warranties, guarantees, proposals, communications and
understandings whenever given and whether orally or in writing.

 

	
  Signed by:

  	
  /s/ David Day

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  David Day

  	
   

  
	
   

  	
   

  	
   

  
	
  In the presence of a witness

  	
   

  	
   

  
	
  Signed
  by:

  	
  /s/
  Oona Phipps

  	
   

  
	
   

  	
   

  	
   

  
	
  Witness
  name:

  	
  Oona
  Phipps

  	
   

  
	
   

  	
   

  	
   

  
	
  Witness
  address:

  	
  116
  St Aldates

  	
   

  
	
   

  	
  Oxford
  OX1 H1A

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Signed
  by

  	
  /s/
  Alan Shapiro

  	
   

  
	
   

  	
  For and on behalf of NetRatings UK Ltd

  

 

8Exhibit 10.25.11

 

Regulatory Commission of
Alaska

 

Certificate

 

Of

 

Public Convenience and
Necessity

 

No. 489

 

Having
found that the grantee of this certificate is fit, willing, and able to provide
the utility services applied for and that such services are required for the
convenience and necessity of the public, the Regulatory Commission of Alaska,
pursuant to the authority vested in it by AS 42.05, hereby issues this certificate
of Public Convenience and Necessity to

 

GCI COMMUNICATIONS CORP.
d/b/a GENERAL

COMMUNICATION, INC.,
d/b/a GCI

 

authorizing
it to operate a public utility, as defined by AS 42.05.990(4) (B) for
the purpose of furnishing

 

TELECOMMUNICATIONS
SERVICE

(LOCAL EXCHANGE)

 

This
Certificate is issued under, and subject to, the provisions of AS 42.05 and all
rules, regulations. and orders from time to time promulgated by the Commission
governing the rates, charges, services, facilities, and practices of utility
operations of the kind authorized herein.

 

The
specific nature, scope, terms, conditions, and limitations of the authority granted
by this Certificate, as amended to date, are set forth in the appendix hereto
and in the following order(s) of the Commission which, by this reference, are
incorporated in and made a part hereof as though fully set forth herein.

 

	
  Docket
  No.

  	
   

  	
  Date
  of Order

  
	
  U-00-02(1)

  	
   

  	
  July 7,
  2000

  

 

(Chronology and service
are descriptions shown on the attached Appendix A)

 

IN
WITNESS THEREOF, the undersigned members of the Commission have executed this Certificate
of Public Convenience and Necessity at Anchorage, Alaska on this 2nd day of September 2000.

 

	
   

  	
  [SEAL]

  	
  Regulatory Commission
  of Alaska

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/

  	
   

  
	
   

  	
   

  	
  (CHAIR)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/

  	
   

  
	
   

  	
   

  	
  (COMMISSIONER)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/

  	
   

  
	
   

  	
   

  	
  (COMMISSIONER)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/

  	
   

  
	
   

  	
   

  	
  (COMMISSIONER)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/

  	
   

  
	
   

  	
   

  	
  (COMMISSIONER)

  	
   

  

 

1

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