Document:

CEO Separation Agreement

SEPARATION AGREEMENT AND GENERAL RELEASE

This Separation Agreement and General Release ("Agreement"), effective as of the date described in Section 14 below (the "Effective Date"), is made and entered into by and between Washington Real Estate Investment Trust ("WRIT") and George F. "Skip" McKenzie ("Employee").
WHEREAS, Employee has been employed by WRIT as its President & CEO; and
WHEREAS, Employee has communicated to the Board of Trustees his decision to retire from WRIT; and
WHEREAS, the parties wish to provide for the orderly transition of affairs to a new President & CEO, and to resolve all matters between the parties on a full and final basis;
NOW, THEREFORE, in consideration of the promises contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:
1.    Resignation, Transition Arrangements and Return of Property: Employee will continue to serve as President & CEO of WRIT through December 31, 2013 or such shorter period as may be determined by the Board.  Consistent with the foregoing, Employee shall resign from the following positions on December 31, 2013 or such earlier time as may be determined by the Board (and shall execute all documents reasonably requested by WRIT to effectuate such resignations): (a) President & CEO of WRIT, (ii) a member of the Board of Trustees and (c) all officer, board of director and board of manager positions (or comparable positions) with all affiliated entities of WRIT (collectively, “Affiliates”).  If the Board determines a shorter period, Employee shall remain an employee of WRIT through the balance of 2013. Employee will diligently pursue the responsibilities of the President & Chief Executive Officer as long as he remains in such position.  Thereafter, as an employee of WRIT, Employee will assist WRIT in (a) execution of strategic acquisition and disposition activities, (b) transitioning the role of the chief executive to a new person designated by the Board and (c) performing such other duties as shall be reasonably requested by the Board.  If Employee is no longer serving as President & Chief Executive, Employee will continue as an employee of WRIT through December 31, 2013 at his current salary and with existing benefits, except as specifically noted in this Agreement.  The last day of Employee's final employment with WRIT is referred to as the “Resignation Date.”  The period between the Effective Date of this Agreement and the Resignation Date is referred to as the “Transition Period.”  On or before the Resignation Date, Employee will return all property of WRIT and its Affiliates, and all copies, excerpts or summaries of such property, in his possession, custody or control. 
2.    Final Paycheck and Severance Benefits:
A.    WRIT will pay Employee for all earned but unpaid salary and vacation as of the Resignation Date in accordance with its payroll practices.  In addition, WRIT will pay to Employee no later than February 28, 2014 all compensation earned by Employee during the performance periods accruing prior to the Resignation Date pursuant to (i) WRIT's Short-Term Incentive Plan dated January 1, 2011, as amended February 17, 2012 and as further amended herein (the "STIP") and (ii) the WRIT Long-Term Incentive Plan dated January 1, 2011, as amended herein (the "LTIP").    
B.    The current STIP (meaning the STIP prior to the effect of the amendments below) provides for (a) a 60% weighting to three financial performance measures (core funds from operations per share,  core funds available for distribution per share and same store net operating income); (b) a 20% 

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weighting to acquisition and disposition activity; and (c) a 20% weighting to individual performance measures.  With respect to Employee only, the STIP will be revised for the year 2013 as follows:
(i)    In lieu of the weightings above, the following weightings will apply: (a) a 40% weighting to three financial performance measures (core funds from operations per share,  core funds available for distribution per share and same store net operating income, evaluated in the same manner as provided in the current STIP) and the completion of a smooth transition to a new Chief Executive Officer; (b) a 30% weighting to execution of the proposed sale of WRIT's medical office division and related reinvestment activities; and (c) a 30% weighting to successful pricing of the proposed medical office division sale.  Notwithstanding the foregoing, if the WRIT Board of Directors (the "Board") determines to abandon the proposed medical office division sale, then the Board will make one of the following two determinations: (x) a determination that such abandonment was because management's execution of the transaction was not satisfactory to the Board, in which case the weightings described in the previous sentence will remain in place; or (y) a determination that such abandonment was due to other circumstances (such as market conditions or a change in strategic direction by the Board), in which case Employee will have a 100% weighting to clause (a) of the preceding sentence (and clauses (b) and (c) will not be applicable).
(ii)    The quantitative scoring of Employee's performance will continue to be on a 1 (low), 2 (target) and 3 (high) scoring system as set forth in the current STIP, but will be based on the weightings described above.  The aggregate threshold, target and high award opportunities under the "performance-based" portion of the current STIP (inclusive of both cash and equity portions) will be revised as follows: (a) threshold rating (i.e., 1.0 score) at 150% of base salary (increased from the current STIP level of 101%); (b) target rating (i.e., 2.0) at 260% (increased from the current STIP level of 211%); and (c) high rating (i.e., 3.0) at 375% (no increase from the current STIP level).  The proportions of cash and equity for the "performance based" portion will remain as set forth in the current STIP.
(iii)    Employee's STIP award will not be prorated for any reason, as Employee is to remain an employee of WRIT for the balance of 2013.
(iv)    The restricted share portion of the STIP award will be delivered in fully-vested, unrestricted WRIT common shares. 
(v)    The form and timing of delivery of the STIP award are subject to Section 409A as described in Section 17 below.
C.    The LTIP currently provides for a three-year award to be issued with respect to the 2011-2013 performance period at the conclusion of 2013.  With respect to Employee, the LTIP will be revised as follows: 
(i)    Employee's LTIP award will not be prorated for any reason as Employee is to remain an employee of WRIT for the balance of 2013.
(ii)    The restricted share portion of the LTIP award will be delivered in fully-vested, unrestricted WRIT common shares.
(iii)    The form and timing of delivery of the LTIP award are subject to Section 409A as described in Section 17 below.

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D.    Furthermore, subject to his compliance with this Agreement, WRIT will provide Employee with the following benefits as indicated after the Effective Date:
(i)    Restricted Stock Units:  All of Employee's unvested Restricted Stock Units (7,618 Units) will vest on December 31, 2013. The form and timing of delivery of the units are subject to Section 409A as described in Section 17 below.
(ii)    Restricted Shares:  All of Employee's unvested Restricted Shares (15,784 shares) will vest on December 31, 2013. The form and timing of delivery of the shares are subject to Section 409A as described in Section 17 below.
(iii)  SERP Vesting:  Employee is fully vested in his SERP account.  The form and timing of delivery are subject to Section 409A as described in Section 17below.  
It is understood and agreed that in accepting the benefits specified in this Section 2, Employee will forfeit any rights he may have to any other form of compensation from WRIT.  All amounts payable under this Section 2 shall be subject to applicable federal and state withholding requirements.  All vestings and deliveries of WRIT equity will be subject to completion of any necessary time periods required for IRC Section 409A compliance as defined in Section 17 below. 
3.    Benefits: Employee and Employee's dependents will continue to participate in WRIT's group health plan through the Resignation Date in accordance with its terms and conditions. Thereafter, Employee will be eligible to continue participation in WRIT's group health plan at his own expense in accordance with and to the extent required by the federal COBRA law, provided that WRIT will pay Employee's COBRA premium as described in Section 12 below.  Except as expressly provided otherwise in this Agreement, Employee's entitlement to, participation in, and accrual of, all other salary, compensation or benefits from WRIT shall cease as of the Resignation Date, except that Employee shall have such rights in such benefits as are required by law and plan documents, including without limitation, Employee's vested benefits in WRIT's 401(k) plan, in accordance with and to the extent permitted by plan documents.
4.    Unemployment Compensation Benefits:  WRIT will not contest any claim for unemployment benefits that Employee makes for any period after the Resignation Date.
5.    Mutual Releases:
A.    Employee's Release:  In consideration for the benefits described herein, and for other good and valuable consideration, which are of greater value than Employee would normally be entitled upon resignation, Employee, on behalf of himself, his heirs, executors, administrators, attorneys, agents, representatives and assigns, hereby forever releases WRIT and its Affiliates, and its and their officers, directors, trustees, owners, shareholders, employees, insurers, benefit plans, agents, attorneys and representatives, and each of their predecessors, successors and assigns, from any and all claims, demands, suits, actions, damages, losses, expenses, charges or causes of action of any nature whatsoever, whether known or unknown, relating in any way to any act, omission, event, relationship, conduct, policy or practice prior to the Effective Date, including without limitation his employment with WRIT and the separation thereof ("Claims"). This release includes without limitation Claims for discrimination, harassment, retaliation or any other violation under the Age Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Maryland Human Rights Act, the Montgomery County Human Rights Act, and any other Claims under all other federal, state or local laws; Claims for breach of contract; Claims for wrongful discharge; Claims for emotional distress, defamation, fraud, misrepresentation or any other personal injury; Claims for unpaid compensation; Claims relating to benefits; Claims for attorneys' 

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fees and costs, Claims for reinstatement or employment; and all other Claims under any federal, state or local law or cause of action.  Employee represents that he has not filed any such Claims, and he further agrees not to assert or file any such Claims in the future or to seek or accept any monetary relief with respect to Claims filed by him or on his behalf with the EEOC or any other fair employment agency to the fullest extent permitted by law.  It is understood and agreed that this Release does not apply to claims for breach of this Agreement or Claims that cannot be released by law.
B.    WRIT's Release:  In consideration for the benefits described herein, and for other good and valuable consideration, WRIT and its Affiliates hereby forever release  Employee,  his  heirs, executors, administrators, agents, representatives and assigns, from any and all claims, demands, suits, actions, damages, losses, expenses, charges or causes of action of any nature whatsoever, whether known or unknown, relating in any way to any act, omission, event, relationship, conduct, policy or practice prior to the Effective Date.  This release includes without limitation Claims for breach of any contract or duty; Claims for emotional distress, defamation, fraud, misrepresentation or any other personal injury; Claims for overpaid compensation; Claims relating to benefits; Claims for attorneys' fees and costs; and all other Claims under any federal, state or local law or cause of action.  WRIT represents that it has not filed any such Claims, and it further agrees not to assert or file any such Claims in the future.  It is understood and agreed that this Release does not apply to claims for breach of this Agreement or Claims that cannot be released by law, or Claims for fraud, embezzlement, intentional misconduct or any other malfeasance.  
If any claim, demand, suit, action, damages, loss, expense, charge or cause of action are filed by third parties against Employee arising out of his employment at WRIT, WRIT agrees to indemnify Employee for any costs, fees or liability arising out of such claim, demand, suit, action, damages, loss, expense, charge or cause of action to the extent such costs, fees or liability are not covered by any applicable insurance policy held by WRIT,   
6.    Reinstatement:  Employee waives all claims for reinstatement or employment with WRIT and its Affiliates, and its and their successors and assigns, and he agrees not to seek such reinstatement or employment in the future unless the parties agree otherwise in writing.
7.    SEC Filing:  The parties acknowledge and agree that this Agreement will be publicly filed with the SEC.  
8.    Nondisparagement and Nonassistance:  Employee agrees not to make any disparaging comments about WRIT or any of its Affiliates or its or their past, present or future management, officers, trustees or employees to any person or entity who is not a party to this Agreement, and he further agrees not to provide any form of assistance to, or to cooperate with, any person or entity asserting or intending to assert any claim or legal proceeding against WRIT or any of its Affiliates except as may be required by law or legal process.  WRIT agrees that its Officers and Board members will not make any disparaging comments about Employee to any person or entity who is not a party to this Agreement, and it agrees not to provide any form of assistance to, or to cooperate with, any person or entity asserting or intending to assert any claim or legal proceeding against Employee, except as may be required by law or legal process.   The only information anyone in WRIT's Human Resources Department shall disclose about Employee, absent a subpoena or court order, is his position title, dates of employment and the fact that he retired.
9.    Cooperation: Employee agrees to reasonably cooperate with WRIT upon request by answering questions and providing information about matters of which he has personal knowledge.  In the event that WRIT becomes involved in any civil or criminal litigation, administrative proceeding or governmental investigation, Employee shall, upon request, provide reasonable cooperation and assistance to WRIT, including without limitation, furnishing relevant information, attending meetings and providing statements 

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and testimony.  WRIT will reimburse Employee for all reasonable and necessary time and expenses he incurs in complying with this Section 9.
10.    Confidential Information: Employee shall not, except as required by law, use or disclose to any person or entity any Confidential Information.  For the purposes of this Section 10, "Confidential Information" means information Employee obtained through or as a consequence of his employment with WRIT relating to WRIT's business or its tenants which is not in the public domain and includes, without limitation, trade secrets, tenant lists, lease rates, methods of operation,  business plans, leads, financial information, research and statistical data.  Information does not lose its protection as Confidential Information if it is disclosed in violation of an obligation not to disclose it.  
11.  Nonsolicitation:  During the Transition Period and for a period of twelve (12) months thereafter, Employee shall not directly or indirectly for himself or any other person or entity, whether as an employee, officer, director, consultant, agent, representative, partner, owner, stockholder or in any other capacity, a) solicit any person who then is or was at any time in the preceding six month period employed by WRIT as an employee or independent contractor,  to resign from WRIT or to accept employment as an employee or independent contractor with any other person or entity; or b) solicit any person or entity who then is or was at any time in the preceding six month period in a business relationship with WRIT to end or curtail such relationship or to engage in business of the type engaged in by WRIT with another person or entity.  Employee agrees that these restrictions are reasonable and necessary for the protection of WRIT's business.  Employee further agrees that in the event he breaches any provision in this Section 11, WRIT shall be entitled to injunctive relief in addition to such other relief as a court may deem proper.
12.    Engagement as Consultant and Non-Competition:  
A.    Employee will be reasonably available to provide consulting services to WRIT as mutually agreed by the parties for a two (2) year period commencing on January 1, 2014 and ending on December 31, 2015 (it being understood that if mutually agreed upon, such consulting services would not require "full time" involvement from Employee, but would instead involve advisory services on a reasonable basis upon request by WRIT and agreement by Employee).  In exchange for his agreement to remain available to provide such consulting services, WRIT will pay (i) Employee a monthly fee of $20,000 during years 2014 and 2015; and (ii) the costs of Employee's COBRA coverage for each of years 2014 and 2015 based on Employee's current health coverage from WRIT (if such COBRA coverage terminates after 18 months, then WRIT will pay to Employee the amount of the COBRA payments for the remaining six months).
B.    Employee will not directly or indirectly compete with WRIT during the Transition Period and for a period of two (2) years following the Resignation Date.  For the purposes of this Agreement, competition is defined as employment for, board service with or consulting for a public real estate investment trust with more than ten (10) properties in the Washington, DC metropolitan area (with Employee's board service to Chesapeake Lodging Trust being permitted in all events).  If Employee desires to pursue an opportunity that would constitute such "competition," Employee may present such opportunity to the Board and request a waiver, which may or may not be granted in the discretion of the Board.  If such waiver is granted, Employee's service to WRIT as a consultant and payments with respect to this service (as described above) may be terminated upon the effective date of such waiver, as the Board so determines.  
13.    Miscellaneous: This Agreement represents the entire agreement of the parties, and supersedes all other agreements, discussions and understandings of the parties, concerning the subject matter, except for the Amended and Restated Change In Control Agreement for President and Chief Executive Officer, dated December 1, 2011.  All other express or implied agreements of the parties not expressly contained or incorporated by reference herein are terminated and of no further force or effect.  This Agreement may not 

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be modified in any manner except in a written document signed by both parties.  Should any provision of this Agreement be held to be invalid or unenforceable by a court of competent jurisdiction, it shall be deemed severed from the Agreement, and the remaining provisions of the Agreement shall continue in full force and effect, provided that, should the court determine that any provision of Section 11 or 12 is unenforceable, the court shall modify such provision to make it valid to the maximum extent permitted by law.  In the event of any litigation to enforce this Agreement, the prevailing party shall be awarded his or its reasonable attorneys' fees and costs. None of the arrangements made hereunder will be considered a termination without “Cause” or a resignation for “Good Reason” under any agreements or benefit plans or arrangements between Employee and WRIT.
14.    Consultation and Consideration: WRIT hereby advises Employee to consult with an attorney at his own expense prior to signing this Agreement.  Employee may take up to twenty-one (21) days from the date he is given this Agreement to consider it, but he may sign it sooner if he wishes.  If he signs the Agreement, he will have a period of seven (7) days to revoke his signature (the "Revocation Period").  Thus, this Agreement will not become effective or enforceable until the date that each party has signed the Agreement and the Revocation Period has expired without Employee exercising his right of revocation (the "Effective Date").  Any notice of revocation must be in writing and must be received by Laura Franklin prior to the expiration of the Revocation Period.   If Employee signs this Agreement, he represents that he has had sufficient time to consider it, and that she enters into it knowingly and voluntarily with full understanding of its meaning and effect.  
15.    Governing Law:  This Agreement shall be construed exclusively in accordance with the laws of the State of Maryland, without regard to the principles of conflicts of laws therein.
16.    Assignment: This Agreement shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns.  Employee may not assign any right or obligation hereunder without WRIT's prior written consent.  WRIT may assign its rights and obligations here under to any successor in interest.
17.    Section 409A of the Code. To the extent that such requirements are applicable, this Agreement is intended to comply with the requirements of Section 409A of the Internal Revenue Code ("Section 409A") and shall be interpreted and administered in accordance with that intent.  If any provision of the Agreement would otherwise conflict with or frustrate this intent, that provision will be interpreted and deemed amended so as to avoid the conflict.  Further, for purposes of the limitations on nonqualified deferred compensation under Section 409A, each payment of compensation under this Agreement shall be treated as a separate payment of compensation for purposes of applying the deferral election rules under Section 409A and the exclusion from Section 409A for certain short-term deferral amounts.  Anything to the contrary herein notwithstanding, in the event that any such benefit or payment is deemed to not comply with Section 409A, WRIT and Employee agree to renegotiate in good faith any such benefit or payment so that either (i) Section 409A will not apply or (ii) compliance with Section 409A will be achieved, provided, however, that any resulting renegotiated terms shall provide to Employee, to the extent reasonably practicable, the after-tax economic equivalent based on what otherwise would have been provided to Employee pursuant to the terms of this Agreement.  
18.    Counterparts: This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and together which shall constitute one and the same instrument.

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THIS SPACE INTENTIONALLY LEFT BLANK

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19.    Nonadmissions:  By entering into this Agreement, neither party is admitting that it did anything wrong or improper or that it has any liability to the other party.
Employee has had an opportunity to carefully review and consider this Agreement with an attorney, and he has had sufficient time to consider it.  After such careful consideration, he knowingly and voluntarily enters into this Agreement with full understanding of its meaning and effect.
IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement.

	
							
	GEORGE F. "SKIP" McKENZIE
	 
	WASHINGTON REAL ESTATE
	 

	 
	 
	 
	INVESTMENT TRUST
	 

	 
	 
	 
	 
	 
	 
	 

	/s/ George F. McKenzie
	 
	By:
	/s/ Laura M. Franklin
	 

	Signature
	 
	 
	 
	 
	 

	 
	 
	 
	Title:
	EVP - Accounting and Administration
	 

	 
	 
	 
	 
	 
	 
	 

	Date:
	7/23/2013
	 
	Date:
	7/22/2013
	 

8Exhibit 10.1  Employment Agreement - Christopher J. Wilson

Exhibit 10.1
1
AMENDED AND RESTATED
EMPLOYMENT AGREEMENT

This Amended and Restated Employment Agreement (“Agreement”) is made as of the Effective Date between Cincinnati Bell Inc. (“Employer”) and Christopher J. Wilson (“Employee”).  For purposes of this Agreement, the “Effective Date” means July 26, 2013. 
Employer and Employee agree as follows: 
1.    Employment.  By this Agreement, Employer and Employee set forth the terms of Employer's employment of Employee on and after the Effective Date.  Any prior agreements or understandings with respect to Employee's employment by Employer are canceled as of the Effective Date.  Notwithstanding the preceding sentence, except as provided in Section 13 of this Agreement, all stock options, restricted shares and other long term incentive awards granted to Employee prior to the Effective Date, benefit plans in which Employee is eligible for participation and any Employer policies to which Employee is subject shall continue in effect in accordance with their respective terms and shall not be modified, amended or cancelled by this Agreement. 
2.    Term of Agreement.  The term of this Agreement initially shall be the one year period commencing on the Effective Date.  On the first anniversary of the Effective Date and on each subsequent anniversary of the Effective Date, the term of this Agreement automatically shall be extended for a period of one additional year.  Notwithstanding the foregoing, the term of this Agreement is subject to termination as provided in Section 13. 
3.    Duties. 
A.    Employee will serve as Vice President, General Counsel, and Secretary for Cincinnati Bell Inc. or in such other equivalent capacity as may be designated by the Chief Executive Officer of Employer.  Employee will report to the Chief Executive Officer of Employer or to such other officer as the Chief Executive Officer of Employer may direct. 
B.    Employee shall furnish such managerial, executive, financial, technical and other skills, advice, and assistance in operating Employer and its Affiliates as Employer may reasonably request.  For purposes of this Agreement, “Affiliate” means each corporation or organization that is deemed to be a single employer with Employer under Section 414(b) or (c) of the Internal Revenue Code of 1986, as amended (the “Code”) (i.e., as part of a controlled group of corporations that includes Employer or under common control with Employer).  
C.    Employee shall also perform such other duties, consistent with the provisions of Section 3.A., as are reasonably assigned to Employee by the Chief Executive Officer of Employer.  
D.    Employee shall devote Employee's entire time, attention and energies to the business of Employer and its Affiliates.  The words “entire time, attention and energies” are intended to mean that Employee shall devote Employee's full effort during reasonable working hours to the business 

of Employer and its Affiliates and shall devote at least 40 hours per week to the business of Employer and its Affiliates.  Employee shall travel to such places as are necessary in the performance of Employee's duties. 
4.    Compensation. 
A.    Employee shall receive a base salary (the “Base Salary”) of at least $353,600 per year, payable not less frequently than monthly, for each year during the term of this Agreement, subject to proration for any partial year.  Such Base Salary, and all other amounts payable under this Agreement, shall be subject to withholding as required by law. 
B.    In addition to the Base Salary, Employee shall be eligible to receive an annual bonus (the “Bonus”) for each calendar year for which services are performed under this Agreement.  Any Bonus for a calendar year shall be payable after the conclusion of the calendar year in accordance with Employer's regular bonus payment policies.  Each year, Employee shall be given a Bonus target of not less than $229,840, subject to proration for a partial year.  The Bonus target shall be established from time to time by Employer's Compensation Committee if Employee is a named executive officer for purposes of Employer's annual proxy statement or is otherwise an executive officer whose compensation is determined by the Compensation Committee, or, if Employee is not so subject, then in accordance with the provisions of Employer's then existing annual incentive plan or any similar plan made available to employees of Employer (“annual incentive plan”) in which Employee participates.  Any Bonus award to Employee shall further be subject to the terms and conditions of any such applicable annual incentive plan. 
C.    On at least an annual basis, Employee shall receive a formal performance review and be considered for Base Salary and/or Bonus target increases. 
5.    Expenses.  All reasonable and necessary expenses incurred by Employee in the course of the performance of Employee's duties to Employer shall be reimbursable in accordance with Employer's then current travel and expense policies. 
6.    Benefits. 
A.    While Employee remains in the employ of Employer, Employee shall be eligible to participate in all of the various employee benefit plans and programs, which are made available to similarly situated officers of Employer, in accordance with the eligibility provisions and other terms and conditions of such plans and programs. 
B.    Notwithstanding anything contained herein to the contrary, the Base Salary and any Bonuses otherwise payable to Employee shall be reduced by any benefits paid to Employee by Employer under any disability plans made available to Employee by Employer (“Disability Plans”). 
C.    In each year of this Agreement, Employee will be eligible to be considered for a grant of awards under Employer's 2007 Long Term Incentive Plan and/or any similar plan made available to employees of Employer. 

7.    Confidentiality.  Employer and its Affiliates are engaged in the telecommunications industry within the U.S. Employee acknowledges that in the course of employment with the Employer, Employee will be entrusted with or obtain access to information proprietary to Employer and its Affiliates with respect to the following (all of which information is referred to hereinafter collectively as the “Information”); the organization and management of Employer and its Affiliates; the names, addresses, buying habits and other special information regarding past, present and potential customers, employees and suppliers of Employer and its Affiliates; customer and supplier contracts and transactions or price lists of Employer, its Affiliates and their suppliers; products, services, programs and processes sold, licensed or developed by Employer or its Affiliates; technical data, plans and specifications, and present and/or future development projects of Employer and its Affiliates; financial and/or marketing data respecting the conduct of the present or future phases of business of Employer and its Affiliates; computer programs, systems and/or software; ideas, inventions, trademarks, trade secrets, business information, know-how, processes, improvements, designs, redesigns, discoveries and developments of Employer and its Affiliates; and other information considered confidential by any of the Employer, its Affiliates or customers or suppliers of Employer and its Affiliates.  At all times during the term of this Agreement and thereafter, Employee agrees to retain the Information in absolute confidence and not to disclose the Information to any person or organization except as required in the performance of Employee's duties for Employer, without the express written consent of Employer; provided that Employee's obligation of confidentiality shall not extend to any Information which becomes generally available to the public other than as a result of disclosure by Employee. 
8.    New Developments.  All ideas, inventions, discoveries, concepts, trade secrets, trademarks, service marks or other developments or improvements, whether patentable or not, conceived by Employee, alone or with others, at any time during the term of Employee's employment, whether or not during working hours or on Employer's premises, which are within the scope of or related to the business operations of Employer or its Affiliates (“New Developments”), shall be and remain the exclusive property of Employer.  Employee agrees that any New Developments which, within one year after the cessation of employment with Employer, are made, disclosed, reduced to a tangible or written form or description or are reduced to practice by Employee and which are based upon, utilize or incorporate Information shall, as between Employee and Employer, be presumed to have been made during Employee's employment by Employer.  Employee further agrees that Employee will not, during the term of Employee's employment with Employer, improperly use or disclose any proprietary information or trade secrets of any former employer or other person or entity and that Employee will not bring onto Employer premises any unpublished document or proprietary information belonging to any such employer, person or entity unless consented to in writing by such employer, person or entity. 
At all times during the term of this Agreement and thereafter, Employee shall do all things reasonably necessary to ensure ownership of such New Developments by Employer, including the execution of documents assigning and transferring to Employer all of Employee's rights, title and interest in and to such New Developments and the execution of all documents required to enable Employer to file and obtain patents, trademarks, service marks and copyrights in the United States and foreign countries on any of such New Developments. 

9.    Surrender of Material Upon Termination.  Employee hereby agrees that upon cessation of Employee's employment, for whatever reason and whether voluntary or involuntary, Employee will immediately surrender to Employer all of the property and other things of value in his possession or in the possession of any person or entity under Employee's control that are the property of Employer or any of its Affiliates, including without any limitation all personal notes, drawings, manuals, documents, photographs or the like, including copies and derivatives thereof, and e-mails and other electronic and digital information of all types regardless of where or the type of device on which such materials may be stored by Employee, relating directly or indirectly to any Information, materials or New Developments, or relating directly or indirectly to the business of Employer or any of its Affiliates. 
10.    Remedies. 
A.    Employer and Employee hereby acknowledge and agree that the services rendered by Employee to Employer, the information disclosed to Employee during and by virtue of Employee's employment and Employee's commitments and obligations to Employer and its Affiliates herein are of a special, unique and extraordinary character, and that the breach of any provision of this Agreement by Employee will cause Employer irreparable injury and damage, and consequently the Employer shall be entitled to, in addition to all other remedies available to it, injunctive and equitable relief to prevent a breach of Sections 7, 8, 9, 11 and 12 of this Agreement and to secure the enforcement of this Agreement. 
B.    Except as provided in Section 10.A., the parties hereto agree to submit to final and binding arbitration any dispute, claim or controversy, whether for breach of this Agreement or for violation of any of Employee's statutorily created or protected rights, arising between the parties that either party would have been otherwise entitled to file or pursue in court or before any administrative agency (herein “claim”), and each party waives all right to sue the other party. 
(i)    This agreement to arbitrate and any resulting arbitration award are enforceable under and subject to the Federal Arbitration Act, 9 U.S.C. § 1 et seq. (“FAA”).  If the FAA is held not to apply for any reason, then Ohio Revised Code Chapter 271l regarding the enforceability of arbitration agreements and awards will govern this Agreement and the arbitration award. 
(ii)    (a)    All of a party's claims must be presented at a single arbitration hearing.  Any claim not raised at the arbitration hearing is waived and released.  The arbitration hearing will take place in Cincinnati, Ohio. 
(b)    The arbitration process will be governed by the Employment Dispute Resolution Rules of the American Arbitration Association (“AAA”) except to the extent they are modified by this Agreement.  In the event that any provisions of this Section 10 are determined by AAA to be unenforceable or impermissibly contrary to AAA rules, then this Section 10 shall be modified as necessary to comply with AAA requirements. 

(c)    Employee has had an opportunity to review the AAA rules and the requirements that Employee must pay a filing fee for which Employer has agreed to split on an equal basis. 
(d)    The arbitrator will be selected from a panel of arbitrators chosen by the AAA.  After the filing of a Request for Arbitration, the AAA will send simultaneously to Employer and Employee an identical list of names of five persons chosen from the panel.  Each party will have 10 days from the transmittal date in which to strike up to two names, number the remaining names in order of preference and return the list to the AAA. 
(e)    Any pre-hearing disputes will be presented to the arbitrator for expeditious, final and binding resolution. 
(f)    The award of the arbitrator will be in writing and will set forth each issue considered and the arbitrator's finding of fact and conclusions of law as to each such issue. 
(g)    The remedy and relief that may be granted by the arbitrator to Employee are limited to lost wages, benefits, cease and desist and affirmative relief, compensatory, liquidated and punitive damages and reasonable attorney's fees, and will not include reinstatement or promotion.  If the arbitrator would have awarded reinstatement or promotion, but for the prohibition in this Agreement, the arbitrator may award front pay.  The arbitrator may assess to either party, or split, the arbitrator's fee and expenses and the cost of the transcript, if any, in accordance with the arbitrator's determination of the merits of each party's position, but each party will bear any cost for its witnesses and proof. 
(h)    Employer and Employee recognize that a primary benefit each derives from arbitration is avoiding the delay and costs normally associated with litigation.  Therefore, neither party will be entitled to conduct any discovery prior to the arbitration hearing except that: (i) Employer will furnish Employee with copies of all non-privileged documents in Employee's personnel file; (ii) if the claim is for discharge, Employee will furnish Employer with records of earnings and benefits relating to Employee's subsequent employment (including self-employment) and all documents relating to Employee's efforts to obtain subsequent employment; (iii) the parties will exchange copies of all documents they intend to introduce as evidence at the arbitration hearing at least 10 days prior to such hearing; (iv) Employee will be allowed (at Employee's expense) to take the depositions, for a period not to exceed four hours each, of two representatives of Employer, and Employer will be allowed (at its expense) to depose Employee for a period not to exceed four hours; and (v) Employer or Employee may ask the arbitrator to grant additional discovery to the extent permitted by AAA rules upon a showing that such discovery is necessary. 
(i)    Nothing herein will prevent either party from taking the deposition of any witness where the sole purpose for taking the deposition is to use the deposition in lieu of the witness testifying at the hearing and the witness is, in good faith, unavailable to testify in person at the hearing due to poor health, residency and employment more than 50 miles from the hearing site, conflicting travel plans or other comparable reason. 

(j)    Arbitration must be requested in writing no later than 6 months from the date of the party's knowledge of the matter disputed by the claim.  A party's failure to initiate arbitration within the time limits herein will be considered a waiver and release by that party with respect to any claim subject to arbitration under this Agreement. 
(k)    Employer and Employee consent that judgment upon the arbitration award may be entered in any federal or state court that has jurisdiction. 
(1)    Except as provided in Section 10.A., neither party will commence or pursue any litigation on any claim that is or was subject to arbitration under this Agreement. 
(m)    All aspects of any arbitration procedure under this Agreement, including the hearing and the record of the proceedings, are confidential and will not be open to the public, except to the extent the parties agree otherwise in writing, or as may be appropriate in any subsequent proceedings between the parties, or as may otherwise be appropriate in response to a governmental agency or legal process or as may be required to be disclosed by Employer pursuant to applicable law, rule or regulation to which Employer is subject, including requirements of the Securities and Exchange Commission and any stock exchanges on which Employer's securities are listed. 
11.    Covenant Not to Compete, No Interference; No Solicitation.  For purposes of this Section 11 only, the: term “Employer” shall mean, collectively, Employer and each of its Affiliates.  At all times during the term of this Agreement and during the one year period following cessation of Employee's employment with Employer for any reason (or if this period is unenforceable by law, then for such period as shall be enforceable), Employee will not engage in any business offering services related to the current business of Employer, whether as a principal, partner, joint venture, agent, employee, salesman, consultant, director or officer, where such position would involve Employee in any business activity in competition with Employer.  This restriction will be limited to the geographical area where Employer is then engaged in such competing business activity or to such other geographical area as a court shall find reasonably necessary to protect the goodwill and business of Employer. 
During the one year period following cessation of Employee's employment with Employer for any reason (or if this period is unenforceable by law, then for such period as shall be enforceable), Employee will not interfere with or adversely affect, either directly or indirectly, Employer's relationships with any person, firm, association, corporation or other entity which is known by Employee to be, or is included on any listing to which Employee had access during the course of employment, as a customer, client, supplier, consultant or employee of Employer and that Employee will not divert or change, or attempt to divert or change, any such relationship to the detriment of Employer or to the benefit of any other person, firm, association, corporation or other entity. 
During the one year period following cessation of Employee's employment with Employer for any reason (or if this period is unenforceable by law, then for such period as shall be enforceable), Employee shall not, without the prior written consent of Employer, accept employment, as an employee, consultant or otherwise, with any company or entity which is a supplier of Employer at any time during the final year of Employee's employment with Employer. 

Employee will not, during or at any time within one year after the cessation of Employee's employment with Employer, induce or seek to induce any other employee of Employer to terminate his or her employment relationship with Employer. 
Employee acknowledges and agrees that the covenants, restrictions, agreements and obligations set forth herein are founded upon valuable consideration and, with respect to the covenants, restrictions, agreements and obligations set forth in this Section 11, are reasonable in duration and geographic scope.  The time period and geographical area set forth in this Section 10 are each divisible and separable, and, in the event that the covenants not to compete and/or not to divert business or employees contained therein are judicially held invalid or unenforceable as to such time period and/or geographical area, they will be valid and enforceable in such geographical area(s) and for such time period(s) which the court determines to be reasonable and enforceable.  Employee agrees that in the event that any court of competent jurisdiction determines that the above covenants are invalid or unenforceable to join with Employer in requesting such court to construe the applicable provision by limiting or reducing it so as to be enforceable to the extent compatible with the then applicable law.  Furthermore, it is agreed that any period of restriction or covenant hereinabove stated shall not include any period of violation or period of time required for litigation or arbitration to enforce such restrictions or covenants. 
12.    Goodwill.  During the term of this Agreement and thereafter, Employee will not disparage Employer or any of its Affiliates in any way which could adversely affect the goodwill, reputation and business relationships of Employer or any of its Affiliates with the public generally, or with any of their customers, suppliers or employees, and Employer will not disparage Employee.  Employee understands and agrees that Employer shall be entitled to make any such public disclosures as are required by applicable law, rule or regulation regarding Employee, including termination of Employee's employment with Employer, and that any public disclosures so made by Employer and other statements materially consistent with such public disclosures shall not be restricted in any manner by this Section 12. 
13.    Termination. 
A.    (i)    Employer or Employee may terminate this Agreement upon Employee's failure or inability to perform the services required hereunder, because of any physical or mental infirmity for which Employee receives disability benefits under any Disability Plans, over a period of one hundred twenty consecutive working days during any twelve consecutive month period (a “Terminating Disability”). 
(ii)    If Employer or Employee elects to terminate this Agreement in the event of a Terminating Disability, such termination shall be effective immediately upon the giving of written notice by the terminating party to the other. 
(iii)    Upon termination of this Agreement on account of Terminating Disability, Employer shall pay Employee Employee's accrued compensation hereunder, whether Base Salary, Bonus or otherwise (subject to offset for any amounts received pursuant to the Disability Plans), to the date of termination.  In the event of a Terminating Disability, Employer also shall provide Employee with disability benefits and all other benefits according to the provisions of the applicable 

Disability Plans and any other Employer plans in which Employee is then participating.  Furthermore, Employee shall continue to accrue service as an employee in accordance with the provisions of the applicable Disability Plans and pension plan(s), and for purposes of vesting under any outstanding incentive awards granted to Employee, as may be set forth in the applicable incentive plan or related award letter. 
(iv)    If the parties elect not to terminate this Agreement upon an event of a Terminating Disability and Employee returns to active employment with Employer prior to such a termination, or if such disability exists for less than one hundred twenty consecutive working days, the provisions of this Agreement shall remain in full force and effect. 
B.    This Agreement terminates immediately and automatically on the death of Employee, provided, however, that Employee's estate shall be paid Employee's accrued compensation hereunder, whether Base Salary, Bonus or otherwise, to the date of death. 
C.    Employer may terminate this Agreement immediately, upon written notice to Employee, for Cause.  For purposes of this Agreement, Employer shall have “Cause” to terminate this Agreement only if Employer's Board of Directors determines that there has been fraud, misappropriation, embezzlement or misconduct constituting serious criminal activity on the part of Employee.  Upon termination for Cause, Employee shall be entitled to receive only Employee's accrued compensation hereunder, whether Base Salary, Bonus or otherwise, to the date of termination. 
D.    Employer may terminate this Agreement immediately, upon written notice to Employee for any reason other than those set forth in Sections 13.A., B. and C., provided, however, that Employer shall have no right to terminate this Agreement under this Section 13.D. within one year after a Change in Control.  In addition, Employee may terminate this Agreement immediately, upon written notice to Employer, as a result of a Constructive Termination, provided, however, that Employee shall have no right to terminate this Agreement under this Section 13.D. within one year after a Change in Control.  In the event of a termination of this Agreement by Employer, or by Employee as a result of a Constructive Termination, under this Section 13.D.: 
(i)    within five days after (and not before) the date which is six months after Employee's termination of employment with Employer, Employer shall pay Employee in a lump sum cash payment an amount equal to two times the Employee's annual Base Salary rate in effect at the time of the termination of this Agreement;
(ii)    for purposes of any outstanding stock option issued by Employer to Employee, outstanding restricted stock issued by Employer to Employee or other outstanding incentive award granted by Employer to Employee, Employee's employment with Employer shall not be deemed to have terminated until the end of the Current Term;
(iii)    an amount equal to the sum of (a) any forfeitable benefits of Employee under any nonqualified (i.e., not qualified under Code Section 401(a)) pension, profit sharing, savings or deferred compensation plan of Employer or any Affiliate which would have vested prior to the end of the Current Term if this Agreement had not terminated, plus (b) any additional vested benefits 

which would have accrued for Employee under any nonqualified defined benefit pension plan if this Agreement had not terminated prior to the end of the Current Term and if Employee's annual Base Salary and annual Bonus target had neither increased nor decreased after such termination, shall be payable by Employer at the same time and in the same manner as such benefits would have been paid under such plan or plans had such benefits become vested and accrued under such plan or plans at the time of the termination of this Agreement;
(iv)    an amount equal to the sum of (a) any forfeitable benefits of Employee under any qualified (i.e., qualified under Code Section 401(a)) pension, profit sharing, 401(k) or deferred compensation plan of Employer or any Affiliate which would have vested prior to the end of the Current Term if this Agreement had not terminated, plus (b) any additional vested benefits which would have accrued for Employee under any qualified defined benefit pension plan if this Agreement had not terminated prior to the end of the Current Term and if Employee's annual Base Salary and annual Bonus target had neither increased nor decreased after such termination, shall be paid by Employer from its general assets (and not under such plan or plans) in one lump sum within five days after (and not before) the date which is six months after Employee's termination of employment with Employer; and 
(v)    for the remainder of the Current Term, Employer shall continue to provide Employee with medical, dental, vision and group term life coverage comparable to the medical, dental, vision and group term life coverage in effect for Employee immediately prior to the termination of this Agreement (with the cost of such benefits shared between Employee and Employer on a basis comparable to the cost-sharing of such benefits immediately prior to the termination of this Agreement), and, to the extent that Employee would have been eligible for any post-retirement medical, dental, vision or group term life benefits from Employer if Employee had continued in employment through the end of the Current Term, Employer shall provide such post-retirement benefits to Employee after the end of the Current Term. 
E.    This Agreement shall terminate automatically in the event and at the time that both there is a Change in Control and either (1) Employee elects to terminate his employment with Employer within one year after the Change in Control as a result of a Constructive Termination or (2) Employee's employment with Employer is actually terminated by Employer within one year after the Change in Control for any reason other than those set forth in Sections 13.A., B. and C.  In the event of a termination of this Agreement under this Section 13.E.:   
(i)    within five days after (and not before) the date which is six months after Employee's termination of employment with Employer, Employer shall pay Employee in a lump sum cash payment an amount equal to the product obtained by multiplying (a) the sum of the annual Base Salary rate in effect at the time of the termination of this Agreement and the annual Bonus target in effect at the time of such termination by (b) 2.5;
(ii)    all outstanding stock options and other incentive awards issued by Employer to Employee that are not vested and exercisable at the time of the termination of this Agreement shall become immediately vested and exercisable (and Employee shall be afforded the opportunity to exercise them until the earlier of (a) the latest date, determined in accordance with the terms of such stock options or awards, that would apply if such stock options or awards had become vested 

and exercisable immediately before the termination of this Agreement or (b) the end of the Current Term and the restrictions applicable to all outstanding restricted stock issued by Employer to Employee shall lapse upon the termination of this Agreement; 
(iii)    an amount equal to the sum of (a) any forfeitable benefits of Employee under any nonqualified (i.e., not qualified under Code Section 401(a)) pension, profit sharing, savings or deferred compensation plan of Employer or any Affiliate which would have vested prior to the end of the Current Term if this Agreement had not terminated, plus (b) any additional vested benefits which would have accrued for Employee under any nonqualified defined benefit pension plan if this Agreement had not terminated prior to the end of the Current Term and if Employee's annual Base Salary and annual Bonus target had neither increased nor decreased after such termination, shall be payable by Employer at the same time and in the same manner as such benefits would have been paid under such plan or plans had such benefits become vested and accrued under such plan or plans at the time of the termination of this Agreement; 
(iv)    an amount equal to the sum of (a) any forfeitable benefits of Employee under any qualified (i.e., qualified under Code Section 401(a)) pension, profit sharing, 401(k) or deferred compensation plan of Employer or any Affiliate which would have vested prior to the end of the Current Term if this Agreement had not terminated, plus (b) any additional vested benefits which would have accrued for Employee under any qualified defined benefit pension plan if this Agreement had not terminated prior to the end of the Current Term and if Employee's annual Base Salary and annual Bonus target had neither increased nor decreased after such termination, shall be paid by Employer from its general assets (and not under such plan or plans) in one lump sum within five days after (and not before) the date which is six months after Employee's termination of employment with Employer; and
(v)    for the remainder of the Current Term, Employer shall continue to provide Employee with medical, dental, vision and group term life coverage comparable to the medical, dental, vision and group term life coverage in effect for Employee immediately prior to the termination of this Agreement (with the cost of such benefits shared between Employee and Employer on a basis comparable to the cost-sharing of such benefits immediately prior to the termination of this Agreement), and, to the extent that Employee would have been eligible for any post-retirement medical, dental, vision or group term life benefits from Employer if Employee had continued in employment through the end of the Current Term, Employer shall provide such post-retirement benefits to Employee after the end of the Current Term.  
F.    Employee may resign upon 60 days' prior written notice to Employer.  In the event of a resignation under this Section 13.F., this Agreement shall terminate and Employee shall be entitled to receive Employee's Base Salary through the date of termination, any Bonus earned but not paid at the time of termination and any other vested compensation or benefits called for under any compensation plan or program of Employer. 
G.    Upon termination of this Agreement as a result of an event of termination described in this Section 13 and except for Employer's payment of the required payments under this Section 13 (including any Base Salary accrued through the date of termination, any Bonus earned for the year preceding the year in which the termination occurs and any nonforfeitable amounts payable 

under any employee plan), all further compensation under this Agreement shall terminate.  Employee further agrees that as a condition precedent to Employee's receipt of payments under this Section 13 (other than any Base Salary accrued through the date of termination, any Bonus earned for the year preceding the year in which the termination occurs and all payments pursuant to Section 13.E.), upon the request of Employer and by a reasonable deadline set by Employer (to ensure that payments can be made by the dates specified in this Section 13 following the expiration of the time for revocation of such release as permitted by law), Employee will execute and not revoke a release of claims against Employer, which release shall contain customary and appropriate terms and conditions as determined in good faith by Employer. 
H.    The termination of this Agreement shall not amend, alter or modify the rights and obligations of the parties under Sections 7, 8, 9, 10, 11 and 12 hereof, the terms of which shall survive the termination of this Agreement.  
I.    To the extent provided below, the following provisions apply under this Section 13 and the other provisions of the Agreement.
(i)    Notwithstanding any other provision of this Agreement, for purposes of Sections 13.D and 13.E., “Current Term” means the two year period beginning at the time of the termination of this Agreement.
(ii)    For purposes of Sections 13.D. and 13.E., “Change in Control” means a Change in Control as defined under the Cincinnati Bell Inc. Executive Deferred Compensation Plan (as such plan is amended and restated effective as of January 1, 2005 and as it may thereafter be amended).
(iii)    For purposes of Section 13.D. and 13.E., “Constructive Termination” shall be deemed to have occurred if, without Employee's consent, there is a material reduction by Employer in Employee's authority, reporting relationship or responsibilities, there is a reduction by Employer in Employee's Base Salary or Bonus target or Employee is required by Employer to relocate from the Greater Cincinnati, Ohio Area by 50 or more miles.
(iv)    When an amount (referred to in this Section 13.I.(iv) as the “principal sum”) that is payable under Section 13.D.(i), 13.D.(iv), 13.E.(i), or 13.E.(iv) within five days after the date which is six months after Employee's termination of employment with Employer is paid, such payment shall also include an amount that is equal to the amount of interest that would have been earned by such principal sum for the period from the date of Employee's termination of employment with Employer to the date which is six months after Employee's termination of employment had such principal sum earned interest for such period at an annual rate of interest of 3.5%.  
(v)    To the extent that any of the benefits applicable to medical, dental and vision coverage provided to Employee under Section 13.D.(v) or 13.E.(vi) (referred to in this Section 13.I. as “healthcare plan benefits”) are subject to federal income taxation, the following conditions shall apply:

(a)    the amount of healthcare plan benefits provided or paid during any tax year of Employee under Section 13.D.(v) or 13.E.(vi) shall not affect the amount of healthcare plan benefits that are provided or eligible for payment in any other tax years of Employee (disregarding any limit on the amount of medical expenses, as defined in Code Section 213(d), that may be paid or reimbursed over some or all of the period in which such coverage is in effect because of a lifetime, annual or similar limit on any covered person's expenses that can be paid or reimbursed under Employer's health care plans under which the terms of such coverage is determined);
(b)    the payment or reimbursement of an expense for healthcare plan benefits that is eligible for payment or reimbursement shall not be made prior to the date immediately following the date which is six months after Employee's termination of employment with Employer and shall in any event be made no later than the last day of the tax year of Employee next following the tax year of Employee in which the expense is incurred; and
(c)    Employee's right to healthcare plan benefits shall not be subject to liquidation or exchange for any other benefit.
(vi)    For purposes of this Agreement (including but not limited to Sections 13.D.(iii), (iv) and (v) and 13.E.(iii), (iv), and (v)), any reference to the termination of this Agreement or to the termination of Employee's employment with Employer shall mean and require that, as of the date of such termination, Employee's services for Employer and its Affiliates shall have completely ceased or that Employee shall have otherwise separated from service with Employer and its Affiliates within the meaning of Treasury Regulation Section 1.409-1(h).
14.    Assignment.  As this is an agreement for personal services involving a relation of confidence and a trust between Employer and Employee, all rights and duties of Employee arising under this Agreement, and the Agreement itself, are non-assignable by Employee. 
15.    Notices.  Any notice required or permitted to be given under this Agreement shall be sufficient if in writing and if delivered personally or by certified mail to Employee at Employee's place of residence as then recorded on the books of Employer or to Employer at its principal office. 
16.    Waiver.  No waiver or modification of this Agreement or the terms contained herein shall be valid unless in writing and duly executed by the party to be charged therewith.  The waiver by any party hereto of a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any subsequent breach by such party. 
17.    Governing Law.  This agreement shall be governed by the laws of the State of Ohio and, to the extent applicable, federal law.  
18.    Entire Agreement.  This Agreement contains the entire agreement of the parties with respect to Employee's employment by Employer.  There are no other contracts, agreements or understandings, whether oral or written, existing between them except as contained or referred to in this Agreement. 

19.    Severability.  In case anyone or more of the provisions of this Agreement is held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or other enforceability shall not affect any other provisions hereof, and this Agreement shall be construed as if such invalid, illegal or unenforceable provisions have never been contained herein. 
20.    Successors and Assigns.  Subject to the requirements of Paragraph 14 above, this Agreement shall be binding upon Employee, Employer and Employer's successors and assigns. 
21.    Confidentiality of Agreement Terms.  The terms of this Agreement shall be held in strict confidence by Employee and shall not be disclosed by Employee to anyone other than Employee's spouse, Employee's legal counsel and Employee's other advisors, unless required by law.  Further, except as provided in the preceding sentence, Employee shall not reveal the existence of this Agreement or discuss its terms with any person (including but not limited to any employee of Employer or its Affiliates) without the express authorization of the President of Employer, provided that Employee shall advise any prospective new employer of the existence of Employee's non-competition, confidentiality and similar obligations under this Agreement.  To the extent that the terms of this Agreement have been disclosed by Employer, in a public filing or otherwise, the confidentiality requirements of this Section 21 shall no longer apply to such terms. 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written. 

CINCINNATI BELL INC.                        EMPLOYEE  

By:  /s/ Theodore H. Torbeck                              By:  /s/ Christopher J. Wilson
                            
Title: Chief Executive Officer              

Date: July 26, 2013                                Date:  July 26, 2013

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