Document:

EX-10.29

 Exhibit 10.29 
 EXECUTIVE SEVERANCE AGREEMENT 
 THIS EXECUTIVE SEVERANCE AGREEMENT (this
“Agreement”), effective as of February 3, 2012 (the “Effective Date”), is made and entered into on February 3, 2012 by and between The Corporate Executive Board Company (hereinafter the “Company”) and Thomas
L. Monahan III (hereinafter the “Executive”). 
 WHEREAS, the Company employs the Executive as its Chief Executive
Officer; 
 WHEREAS, the Executive and the Company have previously entered into an Employment Agreement dated May 19, 2006
(the “Employment Agreement”); and 
 WHEREAS, the Executive and the Company desire to terminate the Employment
Agreement and replace it with this Agreement. 
 NOW, THEREFORE, in consideration of the mutual promises contained herein, and
for other good and valuable consideration, the adequacy of which is hereby acknowledged, the parties agree as follows: 
 1.
Termination and Termination Benefits 
 If, for any reason, the Executive’s employment by the Company is terminated, the
Executive immediately shall resign his position as a director of the Company. The termination of the Executive’s employment by the Company shall be governed by the following: 

(a) By the Company 
 (i) Termination for Cause 
 The Company may terminate the employment of the
Executive for Cause at any time upon three (3) months notice to the Executive. For purposes of this Agreement, “Cause” shall mean the commission of a material act of fraud, theft or dishonesty against the Company; conviction for any
felony; or willful non-performance of material duties which is not cured within sixty (60) days after receipt of written notice to the Executive from the Board of Directors; provided, however, that no action(s) or inaction(s) by the Executive
will constitute Cause unless a resolution finding that Cause exists has been approved by a majority of all of the members of the Board at a meeting of the Board at which the Executive is allowed to appear with his legal counsel. In the event of
termination pursuant to this Section 1(a)(i), the Executive shall not be entitled to any further compensation or benefits from the Company except such compensation or benefits which have been earned prior to the date of termination pursuant to
the express terms of this Agreement or that are payable or otherwise provided pursuant to the Agreement Concerning Exclusive Services, Confidential Information, Business Opportunities, Non-Competition, Non-Solicitation and Work Product, as amended
and restated (the “Non-Competition Agreement”) or the benefit plans and arrangements in which the Executive participates at the time of his termination (including without limitation any further vesting or exercisability that may be
provided for in such circumstances under the express terms of an equity compensation arrangement then held by executive). 

 (ii) Termination Without Cause 

The Company, in its sole discretion, may terminate the employment of the Executive at any time without “Cause” as defined by
Section 1(a)(i) or without any other cause or reason whatsoever. For purposes of this Section 1(a)(ii), a termination by the Company without cause shall not include a termination due to death or disability (as defined in Section 1(b)
below) or a termination by the Executive without Good Reason (as defined in Section 1(c)(ii) below). In the event of termination pursuant to this Section 1(a)(ii), (A) (I) the Company shall pay the Executive, within thirty
(30) days after the date on which the Executive’s employment terminates, a lump sum payment equal to 200% of the sum of (x) one year’s base salary of the Executive at the time of such termination plus (y) the
Executive’s average annual incentive bonus actually paid by the Company for the two calendar years immediately preceding the year in which termination occurs, (II) all of the options and stock appreciation rights granted to the Executive shall
vest and immediately become exercisable and such options and stock appreciation rights shall expire ninety (90) days after such termination without Cause, (III) all time-based restricted stock units and other time-based equity awards granted to
the Executive and all deferred compensation of the Executive shall vest, (IV) all performance shares and other performance-based equity awards granted to the Executive shall vest on a pro rata basis based on actual performance from the commencement
of the applicable performance period through the date of termination and the projected outcome at the conclusion of the applicable performance period as determined by the Board in good faith based on such performance, or such higher level as may be
provided under the applicable award agreement or as determined by the Board in its discretion, (V) the Executive’s annual incentive bonus for the year in which termination occurs shall be paid in cash (at the same time as the annual
incentive bonus for such year is paid to other senior executives of the Company) on a pro rata basis based on actual performance (and without the exercise of negative discretion) from the commencement of the applicable performance period through the
date of termination, or such higher level as may be determined by the Board in its discretion, and (VI) the Company shall provide to the Executive for a period of two years following the date on which the Executive’s employment terminates, at
the same cost to the Executive as is charged to active executive employees of the Company, the same welfare benefits, including, without limitation, health, life and disability insurance coverage, provided to the Executive immediately prior to the
termination of the Executive’s employment (or alternative coverage which is no less favorable to the Executive in all respects if continued coverage under the Company’s welfare benefit plans is not possible) and (B) the Executive
shall not be entitled to any further compensation or benefits from the Company except such compensation or benefits which have been earned prior to the date of termination pursuant to the express terms of this Agreement or that are payable or
otherwise provided pursuant to the Non-Competition Agreement or the benefit plans and arrangements in which the Executive participates at the time of his termination (including without limitation any further vesting or exercisability that may be
provided for in such circumstances under the express terms of an equity compensation arrangement then held by executive). 
 (b)
Death or Disability 
 The Executive’s employment shall be terminated in the event of his death or disability. The term
“disability” shall mean a serious and permanent medical incapacity or disability that precludes the Executive from performing professional work. The Company, at its option and expense, shall be entitled to retain a physician reasonably
acceptable to the Executive 

  
 2 

 
to confirm the existence of such incapacity or disability. In the event of termination under this Section 1(b), (i) the Company shall pay the Executive a lump sum payment equal to the
Executive’s prorated (through and including the date on which the Executive’s employment terminates) target annual incentive bonus for the year in which termination occurs, (ii) all of the options and stock appreciation rights granted
to the Executive shall vest and immediately become exercisable and such options and stock appreciation rights shall expire ninety (90) days (twelve (12) months in the case of termination due to the Executive’s death) after such
termination, (iii) all time-based restricted stock units and other time-based equity awards granted to the Executive and all deferred compensation of the Executive shall vest, (iv) all performance shares and other performance-based equity
awards granted to the Executive shall vest on a pro rata basis based on actual performance from the commencement of the applicable performance period through the date of termination and the projected outcome at the conclusion of the applicable
performance period as determined by the Board in good faith based on such performance, or such higher level as may be provided under the applicable award agreement or as determined by the Board in its discretion, and (v) neither the Executive
nor his estate shall be entitled to any further compensation or benefits from the Company except for such compensation or benefits which have been earned prior to the date of termination pursuant to the express terms of this Agreement or that are
payable or otherwise provided pursuant to the benefit plans and arrangements in which the Executive participates at the time of his termination (including without limitation any further vesting or exercisability that may be provided for in such
circumstances under the express terms of an equity compensation arrangement then held by executive). 
 (c) By the Executive

 (i) Termination for Good Reason 
 The Executive may terminate his employment for Good Reason at any time upon sixty (60) days notice to the Company. For purposes of this Agreement, “Good Reason” shall mean during the period
of the Executive’s employment under this Agreement, without the written consent of the Executive, (V) a material reduction in the Executive’s duties, responsibilities or authority (provided that the designation of a non-executive
Chairman of the Board who has been an independent director for at least one year prior to such designation, and that is made pursuant to a unanimous vote of the independent directors of the Board, shall not be deemed a reduction in authority,
regardless of whether the Executive shall have previously served as Chairman of the Board, if the Board has determined in good faith that such designation is necessary for the Company (but, for the avoidance of doubt, the appointment of (A) an
executive Chairman of the Board or (B) a non-Executive Chairman where the criteria described in this proviso are not satisfied, shall constitute Good Reason)), (W) a reduction in the base salary or target annual incentive bonus opportunity
of the Executive, (X) the Executive is required to relocate his place of employment to a location that is more than thirty-five (35) miles from the location of the Company’s headquarters at the Effective Date, (Y) removal without
Cause of the Executive as Chief Executive Officer of the Company, or (Z) a material breach of this Agreement by the Company; provided that no event enumerated in (V), (W), (X), (Y) or (Z) shall be deemed to be a basis for
Executive’s termination for Good Reason unless, within sixty (60) days of the occurrence of the event enumerated in (V), (W), (X), (Y) or (Z), the Executive delivers written notice to the Company stating that the Executive believes
that a basis for termination for Good Reason exists and specifying the event that the Executive considers to 

  
 3 

 
constitute the basis for termination for Good Reason, and the Company shall not have remedied or cured such event within sixty (60) days of receipt of such notice. In the event of
termination pursuant to this Section 1(c)(i), (A) (I) the Company shall pay the Executive, within thirty (30) days after the date on which the Executive’s employment terminates, a lump sum payment equal to 200% of the sum of
(x) one year’s base salary of the Executive at the time of such termination plus (y) the Executive’s average annual incentive bonus actually paid by the Company for the two calendar years immediately preceding the year in which
termination occurs, (II) all of the options and stock appreciation rights granted to the Executive shall vest and immediately become exercisable and such options and stock appreciation rights shall expire ninety (90) days after such termination
for Good Reason, (III) all time-based restricted stock units and other time-based equity awards granted to the Executive and all deferred compensation of the Executive shall vest, (IV) all performance shares and other performance-based equity awards
granted to the Executive shall vest on a pro rata basis based on actual performance from the commencement of the applicable performance period through the date of termination and the projected outcome at the conclusion of the applicable performance
period as determined by the Board in good faith based on such performance, or such higher level as may be provided under the applicable award agreement or as determined by the Board in its discretion, (V) the Executive’s annual incentive
bonus for the year in which termination occurs shall be paid in cash (at the same time as the annual incentive bonus for such year is paid to other senior executives of the Company) on a pro rata basis based on actual performance (and without the
exercise of negative discretion) from the commencement of the applicable performance period through the date of termination, or such higher level as may be determined by the Board in its discretion, and (VI) the Company shall provide to the
Executive for a period of two years following the date on which the Executive’s employment terminates, at the same cost to the Executive as is charged to active executive employees of the Company, the same welfare benefits, including, without
limitation, health, life and disability insurance coverage, provided to the Executive immediately prior to the termination of the Executive’s employment (or alternative coverage which is no less favorable to the Executive in all respects if
continued coverage under the Company’s welfare benefit plans is not less possible) and (B) the Executive shall not be entitled to any further compensation or benefits from the Company except such compensation or benefits which have been
earned prior to the date of termination pursuant to the express terms of this Agreement or that are payable or otherwise provided pursuant to the Non-Competition Agreement or the benefit plans and arrangements in which the Executive participates at
the time of his termination (including without limitation any further vesting or exercisability that may be provided for in such circumstances under the express terms of an equity compensation arrangement then held by executive). 

(ii) Termination Without Good Reason 
 The Executive may voluntarily terminate his employment without Good Reason at any time upon six (6) months’ written notice to the Company. A voluntary termination by the Executive shall not
include a termination of employment due to death or disability (as defined in Section 1(b) above). In the event of such voluntary termination by the Executive, the Company may at any time prior to the expiration of the notice period relieve him
of his duties and pay him his salary in lieu of notice for the remainder of said notice period. In the event of termination pursuant to this Section 1(c)(ii), the Executive shall not be entitled to any compensation or benefits from the Company
except for such compensation or benefits which have been earned prior to the date of termination pursuant to the express terms of this Agreement 

  
 4 

 
or that are payable or otherwise provided pursuant to the Non-Competition Agreement or the benefit plans and arrangements in which the Executive participates at the time of his termination
(including without limitation any further vesting or exercisability that may be provided for in such circumstances under the express terms of an equity compensation arrangement then held by executive). 

(d) The benefits payable to the Executive pursuant to Sections 1(a)(ii) and 1(c)(i) are contingent upon the Executive signing (and not
revoking) the Company’s standard release of claims within twenty-one (21) days following the date of termination of the Executive’s employment. 
 2. Change of Control 
 In the event of a Change of Control (as defined in
Section 3), (a) all of the options and stock appreciation rights granted to the Executive shall vest and immediately become exercisable, (b) all time-based restricted stock units and other time-based equity awards granted to the
Executive shall vest, and (c) all performance shares and other performance-based equity awards granted to the Executive shall vest on a pro rata basis based on actual performance from the commencement of the applicable performance period
through the date of the Change of Control and the projected outcome at the conclusion of the applicable performance period as determined by the Board in good faith based on such performance, or such higher level as may be provided under the
applicable award agreement or as determined by the Board in its discretion. 
 Any payment or benefit received or to be received
by the Executive in connection with a Change of Control or the termination of the Executive’s employment (whether payable pursuant to the terms of this Agreement or any other plan, arrangements or agreement with the Company or any affiliate
shall be reduced to the extent necessary so that no portion thereof shall be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), but only if, by reason of such reduction,
the net after-tax benefit received by the Executive shall exceed the net after-tax benefit received by Executive if no such reduction was made. For purposes of this Section 2, “net after-tax benefit” shall mean (i) the total of
all payments and the value of all benefits which the Executive receives or is then entitled to receive from the Company that would constitute “parachute payments” within the meaning of Section 280G of the Code, less (ii) the
amount of all federal, state and local income taxes payable with respect to the foregoing calculated at the maximum marginal income tax rate for each year in which the foregoing shall be paid to the Executive (based on the rate in effect for such
year as set forth in the Code as in effect at the time of the first payment of the foregoing), less (iii) the amount of excise taxes imposed with respect to the payments and benefits described in (i) above by Section 4999 of the Code.
The foregoing determination shall be made by a nationally recognized accounting firm (the “Accounting Firm”) selected by the Company and reasonably acceptable to the Executive (which may be, but will not be required to be, the
Company’s independent auditors). The Accounting Firm shall submit its determination and detailed supporting calculations to both the Executive and the Company within fifteen (15) days after receipt of a notice from either the Company or
the Executive that the Executive may receive payments which may be “parachute payments.” If the Accounting Firm determines that such reduction is required by this Section 2, such reduction shall be done first by reducing any cash
severance payment with the last payment reduced first; next any equity or equity derivatives that 

  
 5 

 
are included under Section 280G of the Code at full value rather than accelerated value; next any equity or equity derivatives based on acceleration value shall be reduced with the highest
value reduced first (as such values are determined under Treasury Regulation Section 1.280G-1, Q&A 24); finally any other non-cash benefits will be reduced. If the Accounting Firm determines that no reduction is necessary under this
Section 2, it will, at the same time as it makes such determination, furnish the Executive and the Company an opinion that the Executive shall not be liable for any excise tax under Section 4999 of the Code. The Executive and the Company
shall each provide the Accounting Firm access to and copies of any books, records, and documents in the possession of the Executive or the Company, as the case may be, reasonably requested by the Accounting Firm, and otherwise cooperate with the
Accounting Firm in connection with the preparation and issuance of the determinations and calculations contemplated by this Section 2. The fees and expenses of the Accounting Firm for its services in connection with the determinations and
calculations contemplated by this Section 2 shall be borne by the Company. 
 3. Definition of Certain Terms 

For purposes of this Agreement, the following capitalized terms shall have the meanings set forth below. 

(a) “Change of Control” means any of the following: 
 (i) the “acquisition” by a “person” or “group” (as those terms are used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), and the rules promulgated thereunder), other than by Permitted Holders (as defined in Section 3(b)), of beneficial ownership (as defined in Exchange Act Rule 13d-3) directly or indirectly, of any securities of the Company or any
successor of the Company immediately after which such person or group owns securities representing 50% or more of the combined voting power of the Company or any successor of the Company; or 

(ii) within any 12-month period, the individuals who were directors of the Company as of February 28, 1999 (the “Incumbent
Directors”) ceasing for any reason other than death or disability to constitute at least a majority of the Board of Directors, provided that any director who was not a director as of February 28, 1999 shall be deemed to be an Incumbent
Director if such director was appointed or elected to the Board of Directors by, or on the recommendation or approval of, at least a majority of directors who then qualified as Incumbent Directors, provided further that any director appointed or
elected to the Board of Directors to avoid or settle a threatened or actual proxy contest shall in no event be deemed to be an Incumbent Director; or 
 (iii) approval by the stockholders of the Company of any merger, consolidation or reorganization involving the Company, unless either (A) the stockholders of the Company immediately before such
merger, consolidation or reorganization own, directly or indirectly immediately following such merger, consolidation or reorganization, at least 60% of the combined voting power of the company(ies) resulting from such merger, consolidation or
reorganization in substantially the same proportion as their ownership in the Company immediately before such merger, consolidation or reorganization, or (B) the stockholders of the Company immediately after such merger, consolidation or
reorganization are Permitted Holders; or 

  
 6 

 (iv) approval by the stockholders of the Company of a transfer of 50% or more of the assets
of the Company or a transfer of assets that during the current or either of the prior two fiscal years accounted for more than 50% of the Company’s revenues or income, unless the person to which such transfer is made is either (A) a
Subsidiary of the Company, (B) wholly owned by all of the stockholders of the Company, or (C) wholly owned by Permitted Holders; or 
 (v) approval by the stockholders of the Company of a complete liquidation or dissolution of the Company. 
 (b) “Permitted Holders” means: 
 (i) the Company, 

(ii) any Subsidiary, 
 (iii) any employee benefit plan of the Company or any Subsidiary, and 
 (iv) any
group which includes or any person who is wholly or partially owned by a majority of the individuals who immediately prior to such acquisition of securities or stockholder approval specified under Section 3(a)(i), 3(a)(iii) or 3(a)(iv) are
executive officers (as defined in Exchange Act Rule 3b-7) of the Company or any successor of the Company; provided that immediately prior to and for six months following such acquisition of securities or stockholder approval such executive officers
of the Company are beneficial owners (as defined in Exchange Act Rule 16a-1(a)(2)) of the common stock of the Company or any successor of the Company; and provided further that such executive officers’ employment is not terminated by the
Company or any successor of the Company (other than as a result of death or disability) during the six months following such acquisition of securities or stockholder approval. A Change of Control shall be deemed to have occurred on any date within
six months following an acquisition of securities or stockholder approval under Section 3(a)(i), 3(a)(iii) or 3(a)(iv) on which any of the conditions set forth in this clause (iv) cease to be satisfied. 

(c) “Subsidiary” means any corporation in which the Company owns, directly or indirectly, stock possessing 50% or more of the
total combined voting power of all classes of stock in such corporation. 
 4. Section 409A 

Notwithstanding anything set forth in this Agreement to the contrary, no amount payable pursuant to this Agreement which constitutes a
“deferral of compensation” within the meaning of the Treasury Regulations issued pursuant to Section 409A of the Code (the “Section 409A Regulations”) and which is payable upon the Executive’s “termination of
employment” shall be paid unless and until the Executive has incurred a “separation from service” within the meaning of the Section 409A Regulations. Furthermore, if the Executive is a “specified employee” within the
meaning of the Section 409A Regulations as of the date of the Executive’s separation from service, no amount that constitutes a deferral of compensation which is payable on account of Executive’s separation from service shall be paid
to Executive before the date (the “Delayed Payment Date”) which is the first day of the seventh month after the date of Executive’s separation from service or, if earlier, the date of Executive’s death following such separation
from service. All such amounts that would, but for this Section, become payable prior to the Delayed Payment Date will be accumulated and paid on the Delayed Payment Date. Notwithstanding anything set forth in this Agreement to the contrary, to the
extent any payments to be made to the Executive hereunder constitute deferred compensation under the Section 409A 

  
 7 

 
Regulations, then each such payment which is contingent upon the Executive signing (and not revoking) the Company’s standard release of claims and which is to be paid during a specified
period following termination of the Executive’s employment that begins in a first taxable year and ends in a second taxable year, shall be paid in the second taxable year. The Company intends that income provided to the Executive pursuant to
this Agreement will not be subject to taxation under Section 409A of the Code and the provisions of this Agreement shall be interpreted and construed in favor of satisfying any applicable requirements of Section 409A of the Code.

 5. Arbitration 
 The parties shall endeavor to settle all disputes by amicable negotiations. Any claim, dispute, disagreement or controversy that arises among the parties relating to this Employment Agreement (excluding
enforcement by the Company of its rights under the Non-Competition Agreement) that is not amicably settled shall be resolved by arbitration, as follows: 
 (a) An arbitration may be commenced by any party to this Agreement by the service of a written request for arbitration upon the other affected party(ies). Such request for arbitration shall summarize the
controversy or claim to be arbitrated, and shall be referred by the complaining party to the appointing authority for appointment of arbitrators ten (10) days following such service or thereafter. If the panel of arbitrators is not appointed by
the appointing authority within thirty (30) days following such reference, any party may apply to any court within the Commonwealth of Virginia for an order appointing arbitrators qualified as set forth below. 

(b) Any such arbitration shall be heard in the Commonwealth of Virginia, before a panel consisting of one (1) to three
(3) arbitrators, each of whom shall be impartial. Except as the parties may otherwise agree, an arbitrator shall be selected in the first instance by those members of the Board of Directors who are neither members of the Compensation Committee
of the Board of Directors nor employees of the Company. If there are no such members of the Board of Directors, an arbitrator shall be selected by the Board of Directors. Executive may request that additional arbitrators be appointed, which
arbitrator(s) shall be named by the appropriate official in the District of Columbia office of the American Arbitration Association or, in the event of his or her unavailability by reason of disqualification or otherwise, by the appropriate official
in the New York City office of the American Arbitration Association. In determining the number and appropriate background of any additional arbitrators, the appointing authority shall give due consideration to the issues to be resolved, but his or
her decision as to the number of arbitrators and their identity shall be final. Any arbitrator shall be an individual who is an attorney licensed to practice law in the Commonwealth of Virginia. Such arbitrator shall be neutral within the meaning of
the Commercial Rules of Dispute Resolution of the American Arbitration Association; provided, however, that the arbitration shall not be administered by the American Arbitration Association. Any challenge to the neutrality of an arbitrator shall be
resolved by the arbitrator whose decision shall be final and conclusive. The arbitration shall be administered and conducted by the arbitrator(s) pursuant to the then-current employment dispute resolution rules of the American Arbitration
Association. 

  
 8 

 (c) All attorneys’ fees and costs of the arbitration shall in the first instance be
borne by the respective party incurring such costs and fees, but the arbitrators shall have the discretion to award costs and/or attorneys’ fees as they deem appropriate under the circumstances; provided, however, that, notwithstanding the
foregoing, if any contest or dispute shall arise under this Agreement involving termination of the Executive’s employment with the Company or involving the failure or refusal of the Company to perform fully in accordance with the terms hereof,
the Company shall advance to the Executive, on a current basis, all legal fees and expenses, if any, incurred by the Executive in connection with such contest or dispute, together with interest thereon at a rate equal to the prime rate, as published
under “Money Rates” in The Wall Street Journal from time to time plus 300 basis points, but in no event higher than the maximum legal rate permissible under applicable law (the “Interest Rate”), such interest to accrue
from the date the Company receives the Executive’s written statement for such fees and expenses through the date of payment thereof; provided, further, that in the event the resolution of any such contest or dispute includes a finding denying,
in total, the Executive’s claims in such contest or dispute, the Executive shall be required to reimburse the Company, over a period of 12 months from the date of such resolution, for all sums advanced to the Executive pursuant to this
Section 5(c), but in no event shall the Executive be required to reimburse the Company for the Company’s attorneys’ fees and costs. The parties hereby expressly waive punitive damages, and under no circumstances shall an award contain
any amount that in any way reflects punitive damages. 
 (d) The decision of the arbitrator on the issue(s) presented for
arbitration shall be final and conclusive and may be enforced in any court of competent jurisdiction. 
 (e) It is intended that
controversies or claims submitted to arbitration under this Section 5 shall remain confidential, and to that end it is agreed by the parties that neither the facts disclosed in the arbitration, the issues arbitrated, nor the views or opinions
of any persons concerning them, shall be disclosed to third persons at any time, except to the extent necessary to enforce an award or judgment or as required by law or regulation, including the federal securities laws and the regulations
thereunder, in response to legal process or in connection with such arbitration. 
 6. Non-Waiver 

It is understood and agreed that one party’s failure at any time to require the performance by the other party of any of the terms,
provisions, covenants or conditions hereof shall in no way affect the first party’s right thereafter to enforce the same, nor shall the waiver by either party of the breach of any term, provision, covenant or condition hereof be taken or held
to be a waiver of any succeeding breach. 
 7. Severability 

In the event that any provision of this Agreement conflicts with the law under which this Agreement is to be construed, or if any such
provision is held invalid or unenforceable by a court of competent jurisdiction or any arbitrator, such provision shall be deleted from this Agreement and this Agreement shall be construed to give full effect to the remaining provisions thereof.

 8. Governing Law 
 This Agreement shall be interpreted, construed and governed according to the laws of the Commonwealth of Virginia, without regard to the principle of conflicts of laws thereof. 

  
 9 

 9. Headings and Captions 

The paragraph headings and captions contained in this Agreement are for convenience only and shall not be construed to define, limit or
affect the scope or meaning of the provisions hereof. 
 10. Survival 

This Agreement shall survive and continue in full force and effect in accordance with its terms until all obligations hereunder have been
satisfied in full. The provisions of the Non-Competition Agreement and the Stock Option Agreement (and any agreements incorporated therein by reference) shall survive the termination and/or expiration of this Agreement. 

11. Entire Agreement 
 This Agreement, including the agreements expressly incorporated by reference herein (and any agreements incorporated therein by reference), contains and represents the entire agreement of the parties and
supersedes all prior agreements, representations or understandings, oral or written, express or implied with respect to the subject matter hereof. This Agreement may not be modified or amended in any way unless in a writing signed by both the
Executive and the Company. 
 12. Assignability 
 Neither this Agreement nor any rights or obligations hereunder may be assigned by either party without the prior written consent of the other. Subject to the foregoing, this Agreement shall be binding
upon and inure to the benefit of the parties hereto and their heirs, successors and assigns. The Company agrees that concurrently with any merger, consolidation, or transfer of all or substantially all material Company assets, it will cause any
surviving or resulting corporation or transferee to unconditionally assume all of the obligations of the Company under this Agreement. 
 13. Notices 
 All notices required or permitted hereunder shall be in writing and
shall be deemed properly given when (a) delivered personally or sent by overnight courier to the address of the other party hereto pursuant to this Section 13 or (b) sent by facsimile, with a confirmatory copy delivered by overnight
courier to the address of the other party hereto pursuant to this Section 20. Any such notice or communication shall be addressed: (a) if to the Company, to Chairman of the Board, The Corporate Executive Board Company, 1919 North Lynn
Street, Arlington, Virginia 22209; or (b) if to the Executive, to his last known home address on file with the Company; or to such other address as the parties shall have furnished to one another in writing. 

14. Counterparts 
 This Agreement may be executed in two or more counterparts all of which shall have the same force and effect as if all parties hereto had executed a single copy of this Agreement. 

  
 10 

 15. Indemnification 

The Company shall maintain, for the benefit of the Executive, director and officer liability insurance in form at least as comprehensive
as, and in an amount that is at least equal to, that maintained by the Company for any other officer or director. In addition, the Executive shall be indemnified by the Company against liability as an officer and director of the Company and any
subsidiary or affiliate of the Company to the maximum extent permitted by applicable law. The Executive’s rights under this Section 15 shall continue so long as he may be subject to such liability, whether or not this Agreement may have
terminated prior thereto. 
 16. Legal Fees 
 The Company shall reimburse the Executive for legal fees and expenses of up to $25,000 incurred by Executive in connection with the review and preparation of this Agreement and any documents ancillary
thereto. 
 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement, to be effective as of the Effective Date.

  

			
	The Corporate Executive Board Company
		
	By:	 	 /s/ Melody L. Jones

		 	 Name: Melody L. Jones
 Title:
Chief Human Resources Officer

	
	 /s/ Thomas L. Monahan III

	Thomas L. Monahan III

  
 11EX-10.30

 Exhibit 10.30 
 THE CORPORATE EXECUTIVE BOARD COMPANY 
 STANDARD TERMS AND CONDITIONS FOR

 NON-QUALIFIED STOCK OPTIONS, STOCK APPRECIATION RIGHTS 

& RESTRICTED STOCK UNITS 
 These Standard Terms and Conditions apply to any non-qualified stock option, stock appreciation right, or restricted stock units granted after January 2, 2012 under The Corporate Executive Board
Company 2004 Stock Incentive Plan (as amended) (the “Plan”) which are evidenced by a Term Sheet or an action of the Administrator that specifically refers to these Standard Terms and Conditions. 

 

	1.	 GRANT 

 THE CORPORATE EXECUTIVE BOARD COMPANY, a Delaware corporation (the “Company”), has granted to the individual named in the Term Sheet (the “Grantee”), which was provided
to said Grantee herewith (the “Term Sheet”) the following: 
  

	 	1.	 a non-qualified stock option or stock appreciation right (hereafter referred to as the “Option”) to purchase up to the number of
shares of the Company’s Common Stock, $0.01 par value per share (the “Common Stock”), set forth in Term Sheet, at the purchase price per share and upon the other terms and subject to the conditions set forth in the Term Sheet,
these Standard Terms and Conditions, and the Plan, each as amended from time to time; and/or 

  

	 	2.	 an award of a number of restricted stock units (the “Award”) as specified in the Term Sheet representing the right to receive one
share of the Company’s Common Stock, $0.01 par value per share, upon the terms and subject to the conditions set forth in the Term Sheet, these Standard Terms and Conditions, and the Plan, each as amended from time to time.

  

	2.	 CAPITALIZED TERMS 

 For purposes of these Standard Terms and Conditions and the Term Sheet, any reference to the Company shall include a reference to any Subsidiary (as such term is defined in the Plan) and a
“Termination of Employment” shall have the meaning given to such term in Section 2(w) of the Plan. In addition, any other capitalized term not otherwise defined herein shall have the meaning given to such term in the Plan.

  

	3.	 TERMS AND CONDITIONS APPLICABLE TO NON-QUALIFIED STOCK OPTIONS AND STOCK APPRECIATION RIGHTS 

 

	 	3.1.	 Non-Qualified Status. The Option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code of 1986,
as amended (the “Code”) and will be interpreted accordingly. 

	 	3.2.	 Exercise. The Option shall not be exercisable as of the Grant Date set forth in the Term Sheet. After the Grant Date, to the extent not
previously exercised, and subject to termination or acceleration as provided in these Standard Terms and Conditions and the Plan, the Option shall be exercisable to the extent it becomes vested, as described in the Term Sheet, to purchase up to that
number of shares of Common Stock as set forth in the Term Sheet provided that (except as set forth in Section 3.3 below) Grantee does not experience a Termination of Employment prior to the applicable vesting date. The vesting period and/or
exercisability of an Option may be adjusted by the Administrator to reflect the effects of any period during which the Grantee is on an approved leave of absence or is employed or providing services on a less than full time basis, provided that no
such adjustment may be made which would result in an accounting charge to the Company. 

 To
exercise the Option (or any part thereof), Grantee shall deliver a “Notice of Exercise” to the Company specifying the number of whole shares of Common Stock Grantee wishes to purchase and how Grantee’s shares of Common Stock
should be registered (in Grantee’s name only or in Grantee’s and Grantee’s spouse’s names as community property or as joint tenants with right of survivorship). 

The exercise price (the “Exercise Price”) of the Option is set forth in the Term Sheet. The Company shall
not be obligated to issue any shares of Common Stock until Grantee shall have paid the total Exercise Price for that number of shares of Common Stock. Unless the Administrator permits or requires the Grantee to pay the Exercise Price in such other
form(s) of consideration as the Administrator in its discretion shall specify pursuant to the Plan, the Exercise Price shall be paid by the Company withholding from the shares of Common Stock otherwise issuable to the Grantee upon the exercise of
the Option (or portion thereof) the whole number of shares (rounded up) having a fair market value on the date of exercise sufficient to satisfy the Exercise Price. If the withheld shares are not sufficient to pay the Exercise Price, the Grantee
shall pay to the Company on the date of exercise any amount of the Exercise Price that is not satisfied by the withholding of shares of Common Stock described above and if the withheld shares are more than sufficient to satisfy the Exercise Price
the Company shall make such arrangement as it determines appropriate to credit such amount for the Grantee’s benefit. 
 Fractional shares may not be exercised. Shares of Common Stock will be issued as soon as practical after exercise. Notwithstanding the above, the Company shall not be obligated to deliver any shares of
Common Stock during any period when the Company determines that the exercisability of the Option or the delivery of shares hereunder would violate any federal, state or other applicable laws. 

  
 2 

	 	3.3.	 Expiration of the Option. Except as provided in this Section 3.3, the Option shall expire and cease to be exercisable as of the
Expiration Date set forth in the Term Sheet. 

  

	 	1.	 Upon the Grantee’s Termination of Employment due to the death of the Grantee, (i) any part of the Option that is unexercisable as of such
Termination of Employment shall immediately become exercisable and (ii) the unexercised portion of the Option shall be exercisable by the Grantee’s estate, heir or beneficiary at any time during the period ending on the earlier of the
first anniversary of such Termination of Employment and the Expiration Date of the Option at which point the unexercised portion of the Option shall expire. 

 

	 	2.	 Upon the Grantee’s Termination of Employment as a result of the Total and Permanent Disablement (as defined in the Plan) of the Grantee,
(i) any part of the Option that is unexercisable as of such Termination of Employment shall immediately become exercisable and (ii) the unexercised portion of the Option shall be exercisable by the Grantee at any time during the period
ending on the earlier of the first anniversary of such Termination of Employment and the Expiration Date of the Option at which point the unexercised portion of the Option shall expire. 

 

	 	3.	 Upon the Grantee’s Termination of Employment due to Retirement (as defined in the Plan), (i) any part of the Option that is unexercisable
as of such Termination of Employment shall immediately become exercisable and (ii) the unexercised portion of the Option shall be exercisable by the Grantee at any time during the period ending on the earlier of the first anniversary of such
Termination of Employment and the Expiration Date of the Option at which point the unexercised portion of the Option shall expire. 

  

	 	4.	 Upon Grantee’s Termination of Employment for any reason other than as described in sub-clauses 1 through 3 above and except as otherwise
provided sub-clause 5 below, (i) any part of the Option that is unexercisable as of such Termination of Employment shall remain unexercisable and shall terminate as of such Termination of Employment and (ii) any part of the Option that is
exercisable as of such Termination of Employment shall expire on the earlier of ninety (90) days following such Termination of Employment or the Expiration Date of the Option. 

 

	 	5.	 If, within one year after a Change of Control (as defined in Section 16 hereof), the Grantee incurs a Termination of Employment for any reason
other than for Cause (as defined in Section 16 hereof) or voluntary resignation by the Grantee, the unexercised portion of the Option shall be exercisable by the Grantee in its entirety upon the date of such Termination of Employment until the
period ending on the earlier of the first anniversary of such Termination of Employment and the Expiration Date of the Option, at which point the unexercised portion of the Option shall expire. 

  
 3 

 The Option shall become exercisable in its entirety one year after a Change
of Control if the Grantee is employed by or providing services to the Company at such time until the period ending on the expiration of the Option. 
  

	 	3.4.	 Restrictions on Resales of Option Shares. The Company may impose such restrictions, conditions or limitations as it determines appropriate as
to the timing and manner of any resales by the Grantee or other subsequent transfers by the Grantee of any shares of Common Stock issued as a result of the exercise of the Option, including without limitation (a) restrictions under an insider
trading policy, (b) restrictions designed to delay and/or coordinate the timing and manner of sales by Grantee and other optionholders and (c) restrictions as to the use of a specified brokerage firm for such resales or other transfers.

  

	 	3.5.	 Income Taxes. Grantee will be subject to federal and state income and other tax withholding requirements on the date (generally, the date of
exercise) determined by applicable law (any such date, the “Taxable Date”), based on the excess of the fair market value of the shares of Common Stock underlying the portion of the Option that is exercised over the Exercise Price.
The Grantee will be solely responsible for the payment of all U.S. federal income and other taxes, including any state, local or non-U.S. income or employment tax obligation that may be related to the exercise of the Option, including any such taxes
that are required to be withheld and paid over to the applicable tax authorities (the “Tax Withholding Obligation”). The Grantee will be responsible for the satisfaction of such Tax Withholding Obligation in a manner acceptable to
the Company in its sole discretion. 

 By accepting the Option, the Grantee agrees that,
unless and to the extent the Grantee has otherwise satisfied the Tax Withholding Obligations in a manner permitted or required by the Administrator pursuant to the Plan, the Company is authorized to withhold from the shares of Common Stock issuable
to the Grantee in respect of the vested Option the whole number of shares (rounding up) having a value (as determined by the Company consistent with any applicable tax requirements) on the Taxable Date or the first trading day before the Taxable
Date sufficient to satisfy the applicable Tax Withholding Obligation. If the withheld shares are not sufficient to satisfy the Grantee’s Tax Withholding Obligation, the Grantee agrees to pay to the Company as soon as practicable any amount of
the Tax Withholding Obligation that is not satisfied by the withholding of shares of Common Stock described above and if the withheld shares are more than sufficient to satisfy the Grantee’s Tax Withholding Obligation the Company shall make
such arrangement as it determines appropriate to credit such amount for the Grantee’s benefit. 

  
 4 

 At any time not less than five (5) business days before any Tax
Withholding Obligation arises (e.g., a settlement date), the Grantee may elect to satisfy all or any part of the Grantee’s Tax Withholding Obligation by delivering to the Company an amount that the Company determines is sufficient (in light of
the uncertainty of the exact amount thereof) to so satisfy the Tax Withholding Obligation by (i) wire transfer to such account as the Company may direct, (ii) delivery of a certified check payable to the Company, or (iii) such other
means as specified from time to time by the Administrator, in each case unless the Company has specified prior to such date that the Grantee is not permitted to so satisfy the Tax Withholding Obligation. 

The Company may refuse to issue any shares of Common Stock to the Grantee until the Grantee satisfies the Tax Withholding
Obligation. The Grantee acknowledges that the Company has the right to retain without notice from shares issuable upon exercise of the Option (or any portion thereof) or from salary or other amounts payable to the Grantee, shares or cash having a
value sufficient to satisfy the Tax Withholding Obligation. 
 The Grantee is ultimately liable and responsible
for all taxes owed by the Grantee in connection with the Option, regardless of any action the Company takes or any transaction pursuant to this Section 3.5 with respect to any Tax Withholding Obligation that arise in connection with the Option.
The Company makes no representation or undertaking regarding the treatment of any tax withholding in connection with the grant, issuance, vesting or exercise of the Option or the subsequent sale of any of the shares of Common Stock acquired upon
exercise of the Option. The Company does not commit and is under no obligation to structure the Option to reduce or eliminate the Grantee’s tax liability. 
  

	4.	 TERMS AND CONDITIONS APPLICABLE TO RESTRICTED STOCK UNITS 

 

	 	4.1.	 Vesting of Restricted Stock Units. The Award shall not be vested as of the Grant Date set forth in the Term Sheet and shall be forfeitable
unless and until otherwise vested pursuant to the terms of the Term Sheet and these Standard Terms and Conditions. After the Grant Date, subject to termination or acceleration as provided in these Standard Terms and Conditions and the Plan, the
Award shall become vested as described in the Term Sheet with respect to that number of restricted stock units as set forth in the Term Sheet; provided that (except as set forth in Section 4.4 below) the Grantee does not experience a
Termination of Employment prior to the applicable vesting date. Each date on which restricted stock units subject to the Award vest is referred to herein as a “Vesting Date.” Notwithstanding anything herein or in the Term Sheet to
the contrary, if a Vesting Date is not a business day, the applicable portion of the Award shall vest on the next following business day. Restricted stock units granted under the Award that have vested and are no longer subject to forfeiture are
referred to herein as “Vested Units.” Restricted stock units granted under the Award that are not vested and remain subject to forfeiture are referred to herein as “Unvested Units.”

  
 5 

	 	 
The vesting period of an Award may be adjusted by the Administrator to reflect the decreased level of employment or service during any period in which the Grantee is on an approved leave of
absence or is employed or providing services on a less than full time basis, provided that the Administrator may take into consideration any accounting consequences to the Company in making any such adjustment. 

 

	 	4.2.	 Settlement of Restricted Stock Units. Each Vested Unit will be settled by the delivery of one share of Common Stock (subject to adjustment
under Section 12 of the Plan) to the Grantee or, in the event of the Grantee’s death, to the Grantee’s estate, heir or beneficiary, within 60 days following the applicable Vesting Date. The issuance of the shares of Common Stock
hereunder may be effected by the issuance of a stock certificate, recording shares on the stock records of the Company or by crediting shares in an account established on the Grantee’s behalf with a brokerage firm or other custodian, in each
case as determined by the Company. Fractional shares will not be issued pursuant to the Award. 

 Notwithstanding the above, (i) for administrative or other reasons, the Company may from time to time temporarily suspend the issuance of shares of Common Stock in respect of Vested Units,
(ii) the Company shall not be obligated to deliver any shares of the Common Stock during any period when the Company determines that the delivery of shares hereunder would violate any federal, state or other applicable laws, (iii) the
Company may issue shares of Common Stock hereunder subject to any restrictive legends that, as determined by the Company’s counsel, are necessary to comply with securities or other regulatory requirements, (iv) the date on which shares are
issued hereunder may include a delay in order to provide the Company such time as it determines appropriate to address tax withholding and other administrative matters, and (v) shares shall not be issued or issuable pursuant to this provision
to the extent of any deferral pursuant to a deferred compensation program that the Company has made available for purposes of allowing deferral of such shares; provided that, in the case of clauses (i) — (iv), in no event shall the date of
delivery be later than the last date on which settlement may take place without converting this Award into “non-qualified compensation” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended. 

  
 6 

	 	4.3.	 Rights as Stockholder. Prior to any issuance of shares of Common Stock in settlement of the Award, no shares of Common Stock will be reserved
or earmarked for the Grantee or the Grantee’s account nor shall the Grantee have any of the rights of a stockholder with respect to such shares. The Grantee will not be entitled to any privileges of ownership of the shares of Common Stock
(including, without limitation, any voting or dividend rights) underlying Vested Units and/or Unvested Units unless and until shares of Common Stock are actually delivered to the Grantee hereunder. 

 

	 	4.4.	 Termination of Employment. Except as provided in this Section 4.4, all Unvested Units shall be forfeited by the Grantee and cancelled
and surrendered to the Company without payment of any consideration to the Grantee upon the date of the Grantee’s Termination of Employment for any reason. 

 

	 	1.	 Upon the Grantee’s Termination of Employment as a result of the death of the Grantee, the Award shall be deemed to have become fully vested
immediately prior to such Termination of Employment. 

  

	 	2.	 Upon the Grantee’s Termination of Employment as a result of the Total and Permanent Disablement (as defined in the Plan) of the Grantee, the
Award shall be deemed to have become fully vested immediately prior to such Termination of Employment. 

  

	 	3.	 Upon the Grantee’s Termination of Employment as a result of the Grantee’s Retirement (as defined in the Plan), the Award shall be deemed
to have become fully vested immediately prior to such Termination of Employment. 

  

	 	4.	 If, within one year after a Change in Control (as defined in Section 16 hereof), the Grantee incurs a Termination of Employment for any reason
other than for Cause (as defined in Section 16 hereof) or voluntary resignation by the Grantee, the Award shall be deemed to have become fully vested immediately prior to such Termination of Employment. 

 

	 	4.5.	 Restrictions on Resales of Shares. The Company may impose such restrictions, conditions or limitations as it determines appropriate as to the
timing and manner of any re-sales by the Grantee or other subsequent transfers by the Grantee of any shares of Common Stock issued in respect of Vested Units, including without limitation (a) restrictions under an insider trading policy,
(b) restrictions designed to delay and/or coordinate the timing and manner of sales by Grantee and other holders and (c) restrictions as to the use of a specified brokerage firm for such re-sales or other transfers.

  

	 	4.6.	 Income Taxes. The Grantee will be subject to federal and state income and other tax withholding requirements on a date (generally, the
Vesting Date) determined by applicable law (any such date, the “Taxable Date”), based on the fair market 

  
 7 

	 	 
value of the shares of Common Stock underlying the Vested Units that vest. The Grantee will be solely responsible for the payment of all U.S. federal income and other taxes, including any state,
local or non-U.S. income or employment tax obligation that may be related to the Vested Units, including any such taxes that are required to be withheld and paid over to the applicable tax authorities (the “Tax Withholding
Obligation”). The Grantee will be responsible for the satisfaction of such Tax Withholding Obligation in a manner acceptable to the Company in its sole discretion. 

By accepting the Award the Grantee agrees that, unless and to the extent the Grantee has otherwise satisfied the Tax
Withholding Obligations in a manner permitted or required by the Administrator pursuant to the Plan, the Company is authorized to withhold from the shares of Common Stock issuable to the Grantee in respect of Vested Units the whole number of shares
(rounding up) having a value (as determined by the Company consistent with any applicable tax requirements) on the Taxable Date or the first trading day before the Taxable Date sufficient to satisfy the applicable Tax Withholding Obligation. If the
withheld shares are not sufficient to satisfy the Grantee’s Tax Withholding Obligation, the Grantee agrees to pay to the Company as soon as practicable any amount of the Tax Withholding Obligation that is not satisfied by the withholding of
shares of Common Stock described above and if the withheld shares are more than sufficient to satisfy the Grantee’s Tax Withholding Obligation the Company shall make such arrangement as it determines appropriate to credit such amount for the
Grantee’s benefit. 
 At any time not less than five (5) business days before any Tax Withholding
Obligation arises (e.g., a settlement date), the Grantee may elect to satisfy all or any part of the Grantee’s Tax Withholding Obligation by delivering to the Company an amount that the Company determines is sufficient (in light of the
uncertainty of the exact amount thereof) to so satisfy the Tax Withholding Obligation by (i) wire transfer to such account as the Company may direct, (ii) delivery of a certified check payable to the Company, or (iii) such other means
as specified from time to time by the Administrator, in each case unless the Company has specified prior to such date that the Grantee is not permitted to so satisfy the Tax Withholding Obligation. 

The Company may refuse to issue any shares of Common Stock to the Grantee until the Grantee satisfies the Tax Withholding
Obligation. If the Grantee does not satisfy the Tax Withholding Obligation within the “short term deferral period” of Section 409A of the Code, the Grantee will forfeit the Common Stock. The Grantee acknowledges that the Company has
the right to retain without notice from shares issuable under the Award or from salary or other amounts payable to the Grantee, shares or cash having a value sufficient to satisfy the Tax Withholding Obligation. 

  
 8 

 The Grantee is ultimately liable and responsible for all taxes owed by the
Grantee in connection with the Award, regardless of any action the Company takes or any transaction pursuant to this Section 4.6 with respect to any Tax Withholding Obligation that arise in connection with the Award. The Company makes no
representation or undertaking regarding the treatment of any tax withholding in connection with the grant, issuance, vesting or settlement of the Award or the subsequent sale of any of the shares of Common Stock underlying Vested Units. The Company
does not commit and is under no obligation to structure the Award to reduce or eliminate the Grantee’s tax liability. 
  

	5.	 NON-TRANSFERABILITY OF OPTIONS AND AWARDS 

Unless otherwise provided by the Administrator, the Grantee may not assign or transfer the Option or the Award to anyone
other than by will or the laws of descent and distribution and the Option and Award shall be exercisable only by the Grantee during his or her lifetime. The Company may cancel the Grantee’s Option or Award if the Grantee attempts to assign or
transfer it in a manner inconsistent with this Section 5. 
  

	6.	 THE PLAN AND OTHER AGREEMENTS 

 In addition to these Terms and Conditions, the Option and Award shall be subject to the terms of the Plan, which are incorporated into these Standard Terms and Conditions by this reference. 

The Term Sheet, these Standard Terms and Conditions and the Plan constitute the entire understanding between the Grantee
and the Company regarding the Option and Award. Any prior agreements, commitments or negotiations concerning the Option or Award are superseded. 
  

	7.	 LIMITATION OF INTEREST IN SHARES SUBJECT TO OPTIONS OR AWARDS 

Neither the Grantee (individually or as a member of a group) nor any beneficiary or other person claiming under or
through the Grantee shall have any right, title, interest, or privilege in or to any shares of Common Stock allocated or reserved for the purpose of the Plan or subject to the Term Sheet or these Standard Terms and Conditions except (i) as to
such shares of Common Stock, if any, as shall have been issued to such person upon exercise of the Option or any part of it, or (ii) as to such shares of Common Stock, if any, as shall have been issued to such person in respect of Vested Units.

  

	8.	 NOT A CONTRACT FOR EMPLOYMENT 

 Nothing in the Plan, in the Term Sheet, these Standard Terms and Conditions or any other instrument executed pursuant to the Plan shall confer upon the Grantee any right to continue to be employed by or
provide services to the Company nor limit in any way the Company’s right to terminate the Grantee’s employment or service at any time for any reason. 

  
 9 

	9.	 NOTICES 

 All notices, requests, demands and other communications pursuant to these Standard Terms and Conditions shall be in writing and shall be deemed to have been duly given if personally delivered, telexed or
telecopied to, or, if mailed, when received by, the other party at the following addresses (or at such other address as shall be given in writing by either party to the other): 

If to the Company to: 
 The Corporate Executive Board Company 
 1919 North Lynn Street

 Arlington, Virginia 22209 

Attention: Chief Financial Officer 

If to the Grantee, to the address set forth below the Grantee’s signature on the Term Sheet. 

 

	10.	 SEPARABILITY 

 In the event that any provision of these Standard Terms and Conditions is declared to be illegal, invalid or otherwise unenforceable by a court of competent jurisdiction, such provision shall be reformed,
if possible, to the extent necessary to render it legal, valid and enforceable, or otherwise deleted, and the remainder of these Standard Terms and Conditions shall not be affected except to the extent necessary to reform or delete such illegal,
invalid or unenforceable provision. 
  

	11.	 HEADINGS 

 The headings preceding the text of the sections hereof are inserted solely for convenience of reference, and shall not constitute a part of these Standard Terms and Conditions, nor shall they affect its
meaning, construction or effect. 
  

	12.	 FURTHER ASSURANCES 

 Each party shall cooperate and take such action as may be reasonably requested by another party in order to carry out the provisions and purposes of these Standard Terms and Conditions. 

 

	13.	 BINDING EFFECT 

 These Standard Terms and Conditions shall inure to the benefit of and be binding upon the parties hereto and their respective permitted heirs, beneficiaries, successors and assigns. 

  
 10 

	14.	 DISPUTES 

 All questions arising under the Plan or under these Standard Terms and Conditions shall be decided by the Administrator in its total and absolute discretion in accordance with Sections 22 and 23 of the
Plan. In the event the Grantee or other holder of an Option or Award believes that a decision by the Administrator with respect to such person was arbitrary or capricious, the Grantee or other holder may request arbitration with respect to such
decision in accordance with Section 23 of the Plan. The review by the arbitrator shall be limited to determining whether the Administrator’s decision was arbitrary or capricious. This arbitration shall be the sole and exclusive review
permitted of the Administrator’s decision, and the Grantee and any other holder hereby explicitly waive any right to judicial review. 
  

	15.	 ELECTRONIC DELIVERY 

 The Company may, in its sole discretion, decide to deliver any documents related to any awards granted under the Plan by electronic means or to request the Grantee’s consent to participate in the
Plan by electronic means. By accepting an Option or an Award, the Grantee consents to receive such documents by electronic delivery and, if requested, to agree to participate in the Plan through an on-line or electronic system established and
maintained by the Company or another third party designated by the Company, and such consent shall remain in effect throughout the Grantee’s term of employment or service with the Company and thereafter until withdrawn in writing by the
Grantee. 
  

	16.	 DEFINITIONS 

 For purposes of this Agreement, the terms set forth below shall have the following meanings: 
  

	 	A.	 “Cause” means (i) the commission of an act of fraud or theft against the Company; (ii) conviction for any felony;
(iii) conviction for any misdemeanor involving moral turpitude which might, in the Company’s opinion, cause embarrassment to the Company; (iv) significant violation of any material Company policy; willful or repeated non-performance
or substandard performance of material duties which is not cured within thirty (30) days after written notice thereof to the Grantee; or (v) violation of any material state or federal laws, rules or regulations in connection with or during
performance of the Grantee’s work which, if such violation is curable, is not cured within thirty (30) days after notice thereof to the Grantee. 

 

	 	B.	 “Change of Control” means any of the following: 

 

	 	1.	 the “acquisition” by a “person” or “group” (as those terms are used in Sections 13(d) and 14(d)(2) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and the rules promulgated thereunder), other than by Permitted Holders, of beneficial ownership (as defined in

  
 11 

	 	 
Exchange Act Rule 13d-3) directly or indirectly, of any securities of the Company or any successor of the Company immediately after which such person or group owns securities representing 50% or
more of the combined voting power of the Company or any successor of the Company; 

  

	 	2.	 within any 12-month period, the individuals who were directors of the Company as of December 31, 2005 (the “Incumbent
Directors”) ceasing for any reason other than death or disability to constitute at least a majority of the Board of Directors, provided that any director who was not a director as of December 31, 2005 shall be deemed to be an Incumbent
Director if such director was appointed or elected to the Board of Directors by, or on the recommendation or approval of, at least a majority of directors who then qualified as Incumbent Directors, provided further that any director appointed or
elected to the Board of Directors to avoid or settle a threatened or actual proxy contest shall in no event be deemed to be an Incumbent Director; 

  

	 	3.	 the consummation of any merger, consolidation or reorganization involving the Company or the issuance of stock by the Company, unless either
(A) the stockholders of the Company immediately before such merger, consolidation or reorganization own, directly or indirectly immediately following such merger, consolidation or reorganization, at least 60% of the combined voting power of the
company(ies) resulting from such merger, consolidation or reorganization in substantially the same proportion as their ownership immediately before such merger, consolidation or reorganization, or (B) the stockholders of the Company immediately
after such merger, consolidation or reorganization include Permitted Holders; 

  

	 	4.	 the transfer of 50% or more of the assets of the Company or a transfer of assets that during the current or either of the prior two fiscal years
accounted for more than 50% of the Company’s revenues or income (for the avoidance of doubt, “assets” for this purpose shall exclude cash, cash equivalents and marketable securities), unless the person to which such transfer is made
is either (A) a Subsidiary of the Company, (B) wholly owned by all of the stockholders of the Company, or (C) wholly owned by Permitted Holders; or 

 

	 	5.	 the complete liquidation or dissolution of the Company. 

 

	 	C.	 “Permitted Holders” means: 

  

	 	1.	 the Company, 

  

	 	2.	 any Subsidiary, 

  

	 	3.	 any employee benefit plan of the Company or any Subsidiary, and 

  
 12 

	 	4.	 any group which includes or any person who is wholly or partially owned by a majority of the individuals who immediately prior to such acquisition
of securities or stockholder approval under Sections A(i), A(iii) or A(iv) are executive officers (as defined in Exchange Act Rule 3b-7) of the Company or any successor of the Company; provided that immediately prior to and for six months following
such acquisition of securities or stockholder approval such executive officers of the Company are beneficial owners (as defined in Exchange Act Rule 16a-1(a)(2)) of the common stock of the Company or any successor of the Company; and provided
further that such executive officers’ employment is not terminated by the Company or any successor of the Company (other than as a result of death or disability) during the six months following such acquisition of securities or stockholder
approval. A Change of Control shall be deemed to have occurred on any date within six months following an acquisition of securities or stockholder approval under Sections A(i), A(iii) or A(iv) on which any of the conditions set forth in this clause
(iv) cease to be satisfied. 

  

	17.	 CLAWBACK POLICY (APPLICABLE TO NEOS ONLY) 

This section is only applicable to Named Executive Officers (“NEOs”) of the Company (as defined in
Item 402(a)(3) of Regulation S-K). 
 The Grantee hereby acknowledges and agrees that the Grantee has
received and read the Company’s “Clawback Policy,” which may be amended by the Company’s Board of Directors at any time and the Grantee hereby irrevocably agrees to the terms thereof, including without limitation, that any Option
and/or Award granted under the Plan is subject to such Clawback Policy. In consideration of the grant of an Option and/or Award hereunder, the Grantee agrees to abide by the Company’s Clawback Policy, as amended from time to time,
including without limitation, any determinations of the Company’s Board of Directors pursuant to such Clawback Policy.

  
 13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00200-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00200-of-00352.parquet"}]]