Document:

Exhibit

Exhibit 10.1

THE WILLIAMS COMPANIES
AMENDED AND RESTATED
RETIREMENT RESTORATION PLAN

Effective as of December 1, 2017

1

TABLE OF CONTENTS
ESTABLISHMENT OF PLAN4
ARTICLE I4
Introduction4
ARTICLE II5
Definitions5
2.1Actuarial Equivalent    5
2.2Base Pay    5
2.3Basic Supplemental Benefit    5
2.4Beneficiary    5
2.5 Benefit Starting Date    5
2.6Board    5
2.7Change in Control    5
2.8Code    6
2.9Code Limitations    6
2.10Committee    6
2.11Company    6
2.12Credit Date    7
2.13Death Benefit    7
2.14Disability    7
2.15Eligible Employee    7
2.16Employee    7
2.17Employer    7
2.18Former Participant    7
2.19Key Employee    7
2.20Nonservice Participant    7
2.21Normalized Pension Benefit    7
2.22Participant    7
2.23Pension Plan    7
2.24Pension Plan Benefit    7
2.25Plan    7
2.26Plan Interest Rate    7
2.27Plan Year    7
2.28Rule of 55 Participant    8
2.29Separation from Service    8
2.30Service Participant    8
2.31Supplemental Compensation Credit    8
2.32Supplemental Interest Credit    9
2.33Supplemental Pension Account    9
2.34Supplemental Retirement Benefit    9
2.35Supplemental Retirement Compensation    9
2.36Supplemental Survivor Pension.    10
2.37Surviving Spouse    10
2.38Termination of Employment    10
2.39Transitional Participant    10
2.40Vested Participant    10
ARTICLE III10
Supplemental Retirement Benefits10
3.1Restoration of Credited Service for a Transitional Participant    10
3.2Cash Balance Supplemental Retirement Benefit for a Vested Participant    10
3.3Cash Balance Supplemental Early Retirement Benefit    10
3.4Supplemental Disability Benefit    10

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ARTICLE IV11
Vesting and Forfeitures11
4.1Vesting    11
4.2Forfeitures    11
ARTICLE V11
Death Benefit11
5.1Cash Balance Supplemental Survivor Pension    11
5.2Payment of Death Benefit    11
5.3Non-duplication of Benefits    11
ARTICLE VI11
Administration of the Plan11
6.1Administration by Committee    11
6.2Operation of the Committee    11
6.3Powers and Duties of the Committee    11
6.4Required Information    12
6.5Compensation and Expenses    12
6.6Indemnification    12
6.7Claims Procedure    12
ARTICLE VII12
Miscellaneous12
7.1Benefits Payable by the Employers    12
7.2Amendment or Termination    12
7.3Status of Employment    13
7.4Payments to Minors and Incompetents    13
7.5Inalienability of Benefits    13
7.6Qualified Domestic Relations Orders    13
7.7Governing Law    13
		
	7.8
	Procedure for Adoption    13

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THE WILLIAMS COMPANIES
AMENDED AND RESTATED
RETIREMENT RESTORATION PLAN

ESTABLISHMENT OF PLAN

WHEREAS, The Williams Companies, Inc. and certain of its subsidiaries ("Employers") maintain The Williams Pension Plan ("Pension Plan") for the benefit of eligible employees of the Employers;
WHEREAS, Sections 401(a)(17) and 415 of the Internal Revenue Code (“Code”) establish limitations as to the amount of pension benefit which may be accrued under or payable from the Pension Plan on behalf of any participant therein; and

WHEREAS, The Williams Companies, Inc. desires to amend and restate The Williams Companies Retirement Restoration Plan, as effective January 1, 2008, a supplemental plan under which the portion of the pension benefit (and related death benefit) of an eligible employee of an Employer which becomes subject to such limitations of the Code shall be payable from general corporate assets, to reflect changes in the time of payment with respect to deferred amounts earned or vested on or prior to December 31, 2004, for certain Former Participants who are under age 55 as of December 31, 2017, who are not employed by an Employer as of December 1, 2017, and who had not commenced their benefit under Pre-409A Program under the Williams Retirement Restoration Plan prior to December 1, 2017.
NOW, THEREFORE, The Williams Companies, Inc. hereby adopts, effective as of December 1, 2017, The Williams Companies Retirement Restoration Plan as amended and restated and set forth hereinafter.
ARTICLE I
Introduction
This document is generally effective as of December 1, 2017 (the "Effective Date") and amends and restates The Williams Companies Retirement Restoration Plan, as effective January 1, 2008 (the "2008 Document"), with respect to periods commencing on and after the Effective Date.  It sets forth the terms of the Plan applicable to deferrals which are subject to Section 409A of the Code (“Section 409A”), i.e., generally, deferred amounts earned or vested after December 31, 2004 (the "409A Program") and certain deferred amounts earned or vested on or prior to December 31, 2004 for Participants who are under age 55 as of December 31, 2017, who are not employed by an Employer as of December 1, 2017, and who had not commenced their benefit under the Pre-409A Program under Williams Retirement Restoration Plan prior to December 1, 2017 (the “Designated Pre-55 Participants”).  Certain other deferrals under the Plan shall be governed by a separate set of documents which set forth the pre-Section 409A terms of the Plan (the "Pre-409A Program") to the extent such other deferrals and the terms of Pre-409A Program are not incorporated into this document.  Together, this document, the 2008 Document, The Williams Companies Retirement Restoration Plan, as effective January 1, 2005 (the "2005 Document") and the documents for the Pre-409A Program describe the terms of a single plan.  However, amounts subject to the terms of this 409A Program and amounts subject to the terms of the Pre-409A Program shall be tracked separately at all times.  Except as provided herein, the terms of the Pre-409A Program continue to apply with respect to amounts earned or vested on or prior to December 31, 2004, for the Designated Pre-55 Participants.  The preservation of the terms of the Pre-409A Program, without material modification, and the separation between the 409A Program amounts and the Pre-409A Program amounts are intended to be sufficient to permit the Pre-409A Program, with the exception of the benefits for the Designated Pre-55 Participants, to remain exempt from Section 409A.  For Plan benefits which are not exempt from Section 409A, the Plan will be interpreted and administered in a manner so that any amount or benefit payable hereunder shall be paid or provided in a manner that is compliant with the requirements Section 409A and applicable Internal Revenue Service guidance and Treasury Regulations issued thereunder (and any applicable relief under Section 409A). The tax treatment of the benefits provided under the Plan is not warranted or guaranteed.  None of the Employers nor their respective directors, officers, employees or advisers shall be held liable for any taxes, interest, penalties or other monetary amounts owed as a result of the application of Section 409A. Subject to the applicable Plan termination provisions and except as provided with respect to the Designated Pre-55 Participants, with respect to vested benefits under the Pre-409A Program: (i) in the case of vested Participants on December 31, 2004 who were receiving vested benefits on such date, such benefits shall continue to be paid under the Pre-409A Program at the same time and in the same amounts as specified under the form of payment in effect on such date; and (ii) in the case of vested Participants who were not receiving vested benefits on such date, such benefits shall be paid under the Pre-409A Program in a lump sum at the time specified in Article IV of The Williams Companies Supplemental Retirement Plan as in effect on December 31, 2004.

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ARTICLE II
Definitions
In this Plan, unless the context clearly implies otherwise, the singular includes the plural, the masculine includes the feminine, and initially capitalized words have the following meaning:
2.1    Actuarial Equivalent. An amount or benefit of equivalent current value to the amount or benefit which would otherwise have been provided to or on account of a Participant or Beneficiary determined on the basis of the actuarial assumptions then in effect under the Pension Plan and such other assumptions permitted by Code Section 409A and final regulations promulgated thereunder as may be deemed necessary by an actuary selected by the Company or the Committee. 
2.2    Base Pay.  The regular wages and salary of a Participant, which is in excess of Code limitations and which does not include any short term disability paid by an Employer, overriding royalties, amounts paid under a phantom override plan, bonuses (including, but not limited to bonuses under The Williams Companies, Inc. Executive Incentive Compensation Plan), salary reduction amounts contributed to The Williams Investment Plus Plan, salary reduction amounts contributed to any qualified transportation plan established by an Employer in accordance with Code Section 132(f)(7) or to any cafeteria plan or flexible benefits plan established by an Employer in accordance Section 125 and related sections of the Code, severance pay, cost of living pay, housing pay, relocation pay (including mortgage interest differential) or any such other taxable and non-taxable fringe benefits and extraordinary compensation of any kind.
2.3     Basic Supplemental Benefit.  The amount payable to a Vested Participant in the form of a lump sum distribution based upon the amount credited to his Supplemental Pension Account pursuant to the applicable provisions of this Plan.
2.4    Beneficiary. The Surviving Spouse or other person who is entitled to receive benefits pursuant to Article V of this Plan.
2.5     Benefit Starting Date.  With respect to a Supplemental Retirement Benefit, the date shall be the later of the first day of the month following the date the Participant attains age fifty-five (55) or the first day of the month following the expiration of the six (6) month period commencing with the date the Participant incurs a Separation from Service. With respect to a vested benefit, other than a Death Benefit, earned or vested on or prior to December 31, 2004, for a Designated Pre-55 Participant, the date shall be the later of the first day of the month following the date the Participant attains age fifty-five (55) or if the Participant has been reemployed by an Employer prior to age fifty-five (55) and remains so employed past age fifty-five (55), the first day of the month following the expiration of the six (6) month period commencing with the date the Participant incurs a Separation from Service on or after December 1, 2017. With respect to a Death Benefit, the date shall be the first day of the month following the expiration of the three (3) month period commencing with the Participant's date of death.  With respect to a Supplemental Disability Benefit, the date shall be the date specified under the provisions of Section 3.5.  A benefit payable under the Pre-409A Program, except with respect to a Designated Pre-55 Participant, shall be payable as of the date a corresponding benefit is payable under the Pension Plan.
2.6    Board. The Board of Directors of the Company as constituted from time to time.
2.7    Change in Control.  The occurrence of (i) a Change in the Ownership of the Company, as defined below, (ii) a Change in Effective Control of the Company, as defined below, or (iii) a Change in the Ownership of a Substantial Portion of the Assets of the Company, as defined below.  To qualify as a Change in Control event, the occurrence of the event shall be objectively determinable, strictly ministerial, and shall not involve any discretionary authority by the plan administrator.  Code Section 318(a) shall be applied to determine stock ownership for purposes of this section.  Substantially vested stock underlying a vested option is considered owned by the person who holds the vested option (and the stock underlying an unvested option is not considered owned by the person who holds an unvested option).  To qualify as a Change in Control with respect to a Participant, the Change in Control must relate to (x) the corporation for whom the Participant is performing services at the time of the Change in Control event; (y) the corporation that is liable for the payment of benefits under this Plan (or all corporations which are liable for payment if more than one corporation is liable) but only if either the benefits are attributable to the performance of service by the Participant for such corporation (or corporations) or there is a bona fide business purpose for such corporation (or corporations) to be liable for such payment and, in either case, no significant purpose of making such corporation or corporations liable for such payment is the avoidance of Federal income tax; or (z) a corporation that is a majority shareholder of a corporation identified in subsections (x) or (y) above, or any corporation in a chain of corporations in which each corporation is a majority shareholder of another corporation in the chain, ending in a corporation identified in subsections (x) or (y) above.  The provisions of Treas. Reg. § 1.409A-3, as amended, shall govern with respect to the definition of terms used therein and in the interpretation of whether a Change in Control has occurred.

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(a)     A "Change in the Ownership of the Company" occurs on the date that any one person or more than one person Acting as a Group, as defined below, acquires ownership of Stock of the Company ("Stock") that, together with Stock held by such person or group, constitutes more than fifty percent (50%) of the total fair market value or total voting power of the Stock.  However, if any one person or more than one person Acting as a Group, is considered to own more than fifty percent (50%) of the total fair market value or total voting power of the Stock, the acquisition of additional Stock by the same person or persons is not considered to cause a Change in the Ownership of the Company.  An increase in the percentage of Stock owned by any one person, or persons Acting as a Group, as a result of a transaction in which the Company acquires its Stock in exchange for property will be treated as an acquisition of Stock for purposes of this subsection.  This subsection applies only when there is a transfer of Stock (or issuance of Stock) and Stock remains outstanding after the transaction.
(b)     "Acting as a Group." persons will not be considered to be Acting as a Group solely because they purchase or own Stock at the same time or as a result of the same public offering.  However, persons will be considered to be Acting as a Group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of Stock, or similar business transaction with the Company.  If a person owns stock in both corporations that enter into a merger, consolidation, purchase or acquisition of Stock or similar transaction involving another corporation, such shareholder is considered to be Acting as a Group with other shareholders only in such corporation prior to the transaction giving rise to the change and not with respect to the ownership interest in the other corporation.
(c)    A "Change in the Effective Control of the Company" occurs only on either of the following dates:  (1) The date that any one person, or more than one person Acting as a Group, acquires (or has acquired during the twelve (12)-month period ending on the date of the most recent acquisition by such person or persons) ownership of the Stock possessing thirty percent (30%) or more of the total voting power of the Stock of the Company; or (2) The date a majority of members of the Board is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board before the date of the appointment or election.
If any one person, or more than one person Acting as a Group, is considered to be in effective control of the Company, the acquisition of additional control of the Company by the same person or persons is not considered to cause a Change in the Effective Control of the Company.
(d)     A "Change in the Ownership of a Substantial Portion of the Assets of the Company" occurs on the date that any one person, or more than one person Acting as a Group, acquires (or has acquired during the twelve (12)-month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value equal to or more than forty percent (40%) of the total gross fair market value of all assets of the Company immediately prior to such acquisition or acquisitions.  For this purpose, the gross fair market value means the value of the assets of the Company or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.  Notwithstanding the foregoing, there is no Change in the Ownership of a Substantial Portion of the Assets of the Company when there is a transfer of assets to an entity that is controlled by the shareholders of the Company immediately after the transfer.  A transfer of assets by the Company is not treated as a Change in the Ownership of a Substantial Portion of the Assets of the Company if the assets are transferred to (1) a shareholder of the Company (immediately before the asset transfer) in exchange for or with respect to its Stock; (2) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company; (3) a person, or more than one person Acting as a Group, that owns, directly or indirectly, fifty percent (50%) or more of the total value  or voting power of all the outstanding Stock; or (4) an entity, at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a person, or more than one person Acting as a Group, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding Stock.  For purposes of this subsection (d), and except as otherwise provided, a person's status is determined immediately after the transfer of assets.
2.8    Code. The Internal Revenue Code of 1986, as amended.
2.9    Code Limitations. The limitations on compensation which may be taken into account in determining benefits under and on benefits payable from the Pension Plan imposed by Sections 401(a)(17) and 415 of the Code.
2.10    Committee. The Compensation Committee of the Board.
2.11    Company.  The Williams Companies, Inc., a Delaware corporation or any successor thereto.

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2.12    Credit Date.  (a) With respect to Supplemental Compensation Credits, the last day of the applicable Plan Year referenced in the context in which such term is used, and (b) with respect to Supplemental Interest Credits, the last day of each quarter of each Plan Year.
2.13    Death Benefit.  The benefit provided under Article V of this Plan to the Surviving Spouse or other Beneficiary of a Participant.  With respect to a Designated Pre-55 Participant, Death Benefit will also include the benefit, if any, provided under Article V of the Pre-409A Program.
2.14    Disability.  A physical or mental condition which satisfies the requirements for disability payments under The Williams Companies, Inc. Long-Term Disability Plan as in effect on January 1, 2008. 
2.15    Eligible Employee. Any Employee of an Employer who (a) is a participant in the Pension Plan and (b) holds a position that has been classified as an executive position by the Company's executive compensation department. 
2.16    Employee. An "eligible Employee" as such term is defined under the Pension Plan.
2.17    Employer. An "Employer" as such term is defined under the Pension Plan.
2.18    Former Participant.  A Participant who has a benefit which becomes payable after November 31, 2017 under either the Pre-409A Program portion or the 409A Program portion of this Plan but who is no longer an Eligible Employee.
2.19    Key Employee.  An employee designated on an annual basis by the Company as of December 31 (the “Key Employee Designation Date”) as an employee meeting the requirements of Section 416(i) of Code without regard to paragraph (5) thereof utilizing the definition of compensation under Treasury Regulation § 1.415(c)-2(d)(2).  A Participant designated as a “key employee” shall be a “key employee” for the entire twelve (12) month period beginning on April 1 following the Key Employee Designation Date.
2.20    Nonservice Participant.  A Vested Participant who is a "Nonservice Participant" as such term is defined under the Pension Plan.
2.21    Normalized Pension Benefit. The pension benefit which would have been paid during a Plan Year to the Participant or his Beneficiary (including a spouse or other contingent annuitant) pursuant to the benefit formula set forth in Section 2.1 of the Pension Plan which is applicable to such Participant and the method of payment selected by the Participant under the Pension Plan, without taking into account the Code Limitations; but (for any Plan Year beginning on or after January 1, 2002) taking into account only the Supplemental Retirement Compensation of the Participant in lieu of "Compensation" under Section 2.19 of the Pension Plan. 
2.22    Participant. An Eligible Employee who agrees to be bound by the terms of this Plan by filing such form or forms, if any, as the Committee may require.  Such term includes a Former Participant, a Rule of 55 Participant, a Transitional Participant and a Vested Participant as appropriate in the circumstances in which the term is used in the Plan.
2.23    Pension Plan. The Williams Pension Plan, as in effect on January 1, 2005 and as amended and/or restated from time to time.  With respect to a Participant who has a benefit payable under the Williams Inactive Employees Pension Plan, as in effect January 1, 2005 and as amended and/or restated from time to time, such plan is also included within such term.
2.24    Pension Plan Benefit. The pension benefit actually paid during a Plan Year to the Participant or his Beneficiary (including a spouse or other contingent annuitant) pursuant to the benefit formula (set forth in Section 2.1 of the Pension Plan) which is applicable to such Participant and the method of payment selected by the Participant under such plan.
2.25    Plan. The Williams Companies Retirement Restoration Plan, effective as of December 1, 2017 as set forth in this and related documents which comprise the 409A Program and the Pre-409A Program and as amended and/or restated from time to time.  The provisions of this document are generally effective for periods commencing on and after December 1, 2017 with respect to deferred amounts earned or vested after December 31, 2004 under the 409A Program as described in Article I and for deferred amounts earned or vested on or prior to December 31, 2004, for Designated Pre-55 Participants.  As described in Article I, vested benefits of Participants, other than Designated Pre-55 Participants, who were not receiving payment of vested benefits on December 31, 2004 are payable under the Pre-409A Program in a lump sum at the time specified in Article IV of The Williams Companies Supplemental Retirement Plan as in effect on December 31, 2004.
2.26    Plan Interest Rate    .  The rate of interest applicable under the terms of the Plan for determining Supplemental Interest Credits as of any Credit Date determined as the rate for the month of September immediately preceding the respective Plan Year in which the rate is applicable under the Plan, which rate is based upon the annual rate for 30-year Treasury securities as specified by the Commissioner of Internal Revenue in revenue rulings, notices and other guidance published in the Internal Revenue Bulletin. 

7

2.27    Plan Year. Each twelve (12) consecutive month fiscal year beginning January 1 and ending December 31.
2.28    Rule of 55 Participant.  A Vested Participant: (a) whose attained age in years and number of Years of Service credited as Benefit Service aggregated pursuant to the terms of the Pension Plan as of March 31, 1998 equaled at least fifty-five (55); (b) who is not a Transitional Participant; and (c) who incurs a Separation from Service after attaining age fifty-five (55) and is then eligible for an Early Pension pursuant to Section 5.2 of the Pension Plan.
2.29    Separation from Service. The Participant’s termination or deemed termination from employment with the Company and its Affiliates.  For purposes of determining whether a separation from service has occurred, the employment relationship is treated as continuing intact while the Participant is on military leave, sick leave or other bona fide leave of absence if the period of such leave does not exceed six (6) months, or if longer, so long as the Participant retains a right to reemployment with his or her employer under an applicable statute or by contract.  For this purpose, a leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that the Participant will return to perform services for his or her employer.  If the period of leave exceeds six (6) months and the Participant does not retain a right to reemployment under an applicable statute or by contract, the employment relationship will be deemed to terminate on the first date immediately following such six (6) month period.  Notwithstanding the foregoing, if a leave of absence is due to any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six (6) months, and such impairment causes the Participant to be unable to perform the duties of the Participant’s position of employment or any substantially similar position of employment, a twenty-nine (29) month period of absence shall be substituted for such six (6) month period.  For purposes of this Section 2.29, a separation from service occurs at the date as of which the facts and circumstances indicate either that, after such date: (A) the Participant and the Company reasonably anticipate the Participant will perform no further services for the Company and its Affiliates (whether as an employee or an independent contractor), or (B) that the level of bona fide services the Participant will perform for the Company and its Affiliates (whether as an employee or independent contractor) will permanently decrease to no more than twenty (20%) of the average level of bona fide services performed over the immediately preceding thirty-six (36) month period or, if the Participant has been providing services to the Company and its Affiliates for less than thirty-six (36) months, the full period over which the Participant has rendered services, whether as an employee or independent contractor.  The determination of whether a separation from service has occurred shall be governed by the provisions of Treasury Regulation § 1.409A-1, as amended, taking into account the objective facts and circumstances with respect to the level of bona fide services performed by the Participant after a certain date.  
2.30    Service Participant.  A Vested Participant who is a "Service Participant" as such term is defined under the Pension Plan.
2.31    Supplemental Compensation Credit.  The amount deemed credited to a Participant’s Supplemental Pension Account based upon his Supplemental Retirement Compensation for a Plan Year (or any part of a Plan Year and for a disabled Participant accruing Benefit Service credit or Compensation Credit pursuant to Section 5.3 of the Pension Plan, based upon his rate of Supplemental Retirement Compensation as of the date his Disability commenced), with such amount deemed to be credited as of the Credit Date for such Plan Year and determined in accordance with the following:
(a)    Service Participant.
	
						
	

Age* on Credit Date
	Credit Rate On
Supplemental Retirement Compensation
	 
	Credit Rate On
Supplemental Retirement Compensation 
Above Wage Base**
	 
	Credit Rate For
Past Service*** 
On All Supplemental Retirement Compensation

	Prior to 29
	4.50%
	+
	1.00%
	+
	0.30% x Past Service

	29
	4.50%
	+
	See **** below
	+
	0.30% x Past Service

	30 through 39
	6.00%
	+
	2.00%
	+
	0.30% x Past Service

	40 through 49
	8.00%
	+
	3.00%
	+
	0.30% x Past Service

	50 and older
	10.00%
	+
	5.00%
	+
	0.30% x Past Service

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(b)    Nonservice Participant.
	
				
	

Age* on Credit Date
	

Credit Rate On
Supplemental Retirement Compensation
	 
	Credit Rate
On Supplemental Retirement Compensation
Above Wage Base**

	Prior to 29
	4.50%
	+
	1.00%

	29
	4.50%
	+
	See **** below

	30 through 39
	6.00%
	+
	2.00%

	40 through 49
	8.00%
	+
	3.00%

	50 and older
	10.00%
	+
	5.00%

*  Age means actual age measured in years attained as of the applicable Credit Date.
**  Wage Base means the taxable wage base under the Federal Insurance Contributions Act applicable for the Plan Year of the applicable Credit Date (Plan Year of Disability for a disabled Participant accruing Compensation Credit pursuant to Section 5.3 of the Pension Plan).
***  Past Service means Benefit Service credited as of March 31, 1998.
****For Plan Years beginning on or after January 1, 2002, and before January 1, 2008, the rate is 1.00% on Compensation up to 170 percent of the Wage base and the rate is 1.13% on Compensation greater than 170 percent of the Wage Base.  For Plan Years beginning on or after January 1, 2008, the rate is 1.20% on Compensation above the Wage Base.

2.32    Supplemental Interest Credit.  The amount deemed credited to a Participant's Supplemental Pension Account based upon the balance in his Supplemental Pension Account on the Credit Date in a Plan Year (prior to the inclusion of the Supplemental Compensation Credit, if any, for such Plan Year) multiplied by the Plan Interest Rate applicable for such Plan Year.
2.33    Supplemental Pension Account.  A hypothetical account maintained for recordkeeping purposes only on behalf of a Participant to record the amount which would have accumulated if contributions had been made for each Plan Year of such Participant's active participation equal to his Supplemental Compensation Credit and if such contributions and Supplemental Interest Credits had accumulated with interest at the applicable Plan Interest Rate until his Benefit Starting Date.  
2.34    Supplemental Retirement Benefit. The portion of a Participant's pension benefit under the 409A Program portion of this Plan determined in accordance with Article III for periods commencing on and after December 31, 2004, as described in Article I.
2.35    Supplemental Retirement Compensation.  The portion of the total wages or salary, if any, which is in excess of Code Limitations paid to a Participant each Plan Year by an Employer or an affiliate, including Base Pay, short term disability ("STD") paid by an Employer, overriding royalties, amounts paid under a phantom override plan, bonuses (unless specifically excluded under a written bonus arrangement such as The Williams Companies, Inc. Executive Incentive Compensation Plan), if any, when paid, salary reduction amounts contributed to The Williams Investment Plus Plan, salary reduction amounts contributed to any qualified transportation plan established by the Company in accordance with Code Section 132(f)(4) or to any cafeteria plan or flexible benefits plan established by the Company in accordance with Code Section 125 and related sections of the Code, but excluding severance pay, cost of living pay, housing pay, relocation pay (including mortgage interest differential) and all such other taxable and non-taxable fringe benefits and extraordinary compensation, all as determined by the Committee, in its sole and absolute discretion. For purposes of determining "Average Monthly Compensation" and "Compensation Credits" under the Pension Plan, the Supplemental Retirement Compensation taken into account with respect to any Plan Year beginning on or after January 1, 2002, shall not exceed three (3) times such Participant's rate of Base Pay as of the last day of such Plan Year. For purposes of determining an "Accrued Benefit" under the Pension Plan, if a Participant is credited with less than two thousand eighty (2,080) "Hours of Service" under the Pension Plan for determining "Benefit Service" under the Pension Plan during a Plan Year, his Supplemental Retirement Compensation for that Plan Year shall be the product of his actual Supplemental Retirement Compensation for such Plan Year as described above multiplied by a fraction the numerator of which is two thousand eighty (2,080) and the denominator of which is the number of "Hours of Service" under the Pension Plan with which he is credited for such Plan Year.

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2.36    Supplemental Survivor Pension.  An amount payable in accordance with Section 5.1 to the Surviving Spouse or Beneficiary of a Vested Participant who died prior to the Benefit Starting Date of his Supplemental Retirement Benefit in a lump sum distribution determined by the balance of such Participant's Supplemental Pension Account at the date the amount of such distribution is determined.
2.37    Surviving Spouse.  The person to whom a Participant is married on the date of his death and/or any former spouse to the extent provided in a qualified domestic relations order within the meaning of Code Section 414(p) and determined by the Committee to be effective with respect to the Participant's interest in the Plan; provided, however, a spouse shall not be a Surviving Spouse for purposes of eligibility for a Survivor Pension or other death benefit payable under Article V, unless such spouse was continuously married to the vested Participant on whose behalf such Survivor Pension or other death benefit is payable for the thirty (30) day period immediately prior to such vested Participant's death.
2.38    Termination of Employment.  The date on which a Participant incurs a "Termination of Employment" as defined in Section 2.71 of the Pension Plan.
2.39    Transitional Participant.  A Participant who (a) was a Participant and an Eligible Employee or a disabled Participant accruing Benefit Service pursuant to Section 5.3 of the Pension Plan on March 31, 1998 and April 1, 1998; (b) had attained at least age fifty (50) as of April 1, 1998; or (c) was a "Transitional Participant" under the terms of the Transco Energy Company Retirement Plan or the Texas Gas Retirement Plan, as defined under either such plan on the date his employment was directly transferred to an Employer.
2.40    Vested Participant.  A Participant who is not a Transitional Participant and who is vested in his Basic Supplemental Benefit under the provisions of Article IV of this Plan.
ARTICLE III
Supplemental Retirement Benefits
3.1    Restoration of Credited Service for a Transitional Participant Following the recommencement of employment with an Employer by a Transitional Participant whose employment with an Employer was terminated at a time when such Transitional Participant had a Supplemental Retirement Benefit and whose benefit had commenced to be paid, such Transitional Participant's subsequent Supplemental Retirement Benefit shall be reduced, but not below zero, by an amount which is the Actuarial Equivalent of the amount of Supplemental Retirement Benefit previously paid.  If the Transitional Participant does not have a subsequent Supplemental Retirement Benefit, then the Transitional Participant shall not be required to reimburse this Plan with respect to any portion of the Supplemental Retirement Benefit previously paid to such Transitional Participant.
3.2    Cash Balance Supplemental Retirement Benefit for a Vested Participant    .  A Vested Participant's cash balance Supplemental Retirement Benefit shall be the amount credited to the Vested Participant's Supplemental Pension Account upon his Benefit Starting Date.
3.3    Cash Balance Supplemental Early Retirement Benefit    .  Solely with respect to a Rule of 55 Participant who incurs a Separation from Service with an Employer on or after age fifty-five (55), the amount credited to the Participant's Supplemental Pension Account shall be multiplied by the applicable percentage in the following schedule and any amount in excess of 100% of the Supplemental Pension Account shall be paid on the Benefit Starting Date.
	
					
	Aggregate of Attained Age and Credited Benefit Service as of March 31, 1998
	Multiplier Percentage for Attained Age at Benefit Starting Date

	55 - 62
	63
	64
	65

	55 - 64
	115%
	115%
	108%
	100%

	65 - 69
	120%
	120%
	108%
	100%

	70 and over
	125%
	122%
	108%
	100%

3.4    Supplemental Disability Benefit.  If the Disability of a Participant continues past age fifty-five (55), the amounts credited to such Participant's Supplemental Pension Account until age fifty-five (55) shall be distributed pursuant to the first or last sentences of Section 2.5, as applicable.  Such Participant shall also be entitled to additional Supplemental Compensation Credits and Supplemental Interest Credits after age fifty-five (55) until the earlier of age sixty-five (65), or the cessation of the Disability for any reason including death.  Any such additional supplemental disability credits shall be distributed upon the earlier of the first day of the month following the expiration of the three (3) month period commencing with the Participant's date of death (to the Participant's Beneficiary), or the first day of the month following the date the Participant attains age sixty-five (65).

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ARTICLE IV
Vesting and Forfeitures
4.1    Vesting. A Participant shall become vested in his or her Supplemental Retirement Benefit in accordance with the same schedule and rules as are applicable in determining when he or she becomes vested in his or her Pension Plan Benefit.
4.2    Forfeitures. Any amount forfeited by a Participant who does not become vested in a benefit under this Plan shall constitute a reduction of the Employers' liability under this Plan and shall not be allocated to the remaining Participants.
ARTICLE V
Death Benefit
5.1    Cash Balance Supplemental Survivor Pension.  The Surviving Spouse or other designated Beneficiary or Beneficiaries of a deceased, Vested Participant shall receive a Supplemental Survivor Pension with payments commencing on the Benefit Starting Date.  Payment shall be made in accordance with a properly completed Beneficiary designation form provided by the Committee, signed and dated by such Participant and timely filed with the Committee (or its delegate).  In the event a properly completed and timely filed Beneficiary designation form is not so filed or all designated Beneficiaries predeceased such Participant, payment shall be made to his Surviving Spouse, or, in the absence of a Surviving Spouse, to his estate which shall be deemed to be his Beneficiary.
5.2    Payment of Death Benefit    .  Any death benefit payable under this Article V shall be paid on the Benefit Starting Date in the form of a lump sum distribution. 
5.3    Non-duplication of Benefits. If any payments are made pursuant to this Article V,  no payments shall be made pursuant to any other provision of this Plan.
ARTICLE VI
Administration of the Plan
6.1    Administration by Committee. The Plan shall be administered by the Committee. 
6.2    Operation of the Committee.
(a)    The Committee shall act by a majority of its members constituting a quorum and such action may be taken either by a vote in a meeting or in writing without a meeting. A quorum shall consist of a majority of the members of the Committee. No Committee member shall act upon any question pertaining solely to himself, and with respect to any such question only the other Committee members shall act.
(b)    The Committee may allocate responsibility for the performance of any of its duties or powers to one or more Committee members or employees of the Employers.
(c)    The Committee or its designee shall keep such books of account, records and other data as may be necessary for the proper administration of the Plan.
6.3    Powers and Duties of the Committee. The Committee shall be generally responsible for the operation and administration of the Plan. To the extent that powers are not delegated to others pursuant to provisions of this Plan, the Committee shall have such powers as may be necessary to carry out the provisions of the Plan and to perform its duties hereunder, including, without limiting the generality of the foregoing, the power:
(a)    To appoint, retain and terminate such persons as it deems necessary or advisable to assist in the administration of the Plan or to render advice with respect to the responsibilities of the Committee under the Plan, including accountants, actuaries, administrators, attorneys and physicians.
(b)    To make use of the services of the employees of the Employers in administrative matters.
(c)    To obtain and act on the basis of all tables, valuations, certificates, opinions, and reports furnished by the persons described in paragraph (a) or (b) above. Any determination of Actuarial Equivalent benefits by the actuary selected by the Company or the Committee shall be conclusive and binding on the Employers, the Committee and all Participants, Former Participants and Beneficiaries.
(d)    To review the manner in which benefit claims and other aspects of the Plan administration have been handled by the employees of the Employers.
(e)    To determine all benefits and resolve all questions pertaining to the administration and interpretation of the Plan provisions, either by rules of general applicability or by particular decisions. To the maximum extent permitted by law, all interpretations of the Plan and other decisions of the Committee shall be conclusive and binding on all parties.
(f)    To adopt such forms, rules and regulations as it shall deem necessary or appropriate for the administration of the Plan and the conduct of its affairs, provided that any such forms, rules and regulations shall not be inconsistent with the provisions of the Plan.
(g)    To remedy any inequity resulting from incorrect information received or communicated or from administrative error.

11

(h)    To commence or defend any litigation arising from the operation of the Plan in any legal or administrative proceeding.
6.4    Required Information.  Any Participant or Former Participant and any Beneficiary eligible to receive benefits under the Plan shall furnish to the Committee any information or proof requested by the Committee and reasonably required for the proper administration of the Plan. Failure on the part of the Participant, Former Participant or Beneficiary to comply with any such request within a reasonable period of time shall be sufficient grounds for delay in the payment of benefits under the Plan until such information or proof is received by the Committee.
6.5    Compensation and Expenses. All expenses incident to the operation and administration of the Plan reasonably incurred, including, without limitation by way of specification, the fees and expenses of attorneys and advisors, and for such other professional, technical and clerical assistance as may be required, shall be paid by the Employers. Members of the Committee shall not be entitled to any compensation by virtue of their services as such nor be required to give any bond or other security; provided, however, that they shall be entitled to reimbursement by the Employers for all reasonable expenses which they may incur in the performance of their duties hereunder and in taking such action as they deem advisable hereunder within the limits of the authority given them by the Plan and by law.
6.6    Indemnification. To the extent provided for in the Company by-laws, each Employer shall indemnify and hold harmless each member of the Board, each member of the Committee, and each officer and employee of an Employer to whom are delegated duties, responsibilities, and authority with respect to this Plan against all claims, liabilities, fines and penalties, and all expenses reasonably incurred by or imposed upon him (including but not limited to reasonable attorney fees) which arise as a result of his actions or failure to act in connection with the operation and administration of this Plan to the extent lawfully allowable and to the extent that such claim, liability, fine, penalty, or expense is not paid for by liability insurance purchased or paid for by an Employer. Notwithstanding the foregoing, an Employer shall not indemnify any person for any such amount incurred through any settlement or compromise of any action unless the Employer consents in writing to such settlement or compromise.
6.7    Claims Procedure.  The Committee as constituted and serving from time to time shall adopt, and may change from time to time, claims procedures, provided that such claims procedures and changes thereof shall conform with Section 503 of the Employee Retirement Income Security Act of 1974, as amended, and regulations promulgated thereunder.  Such claims procedures, as in effect from time to time shall be deemed to be incorporated herein and made a part hereof.
ARTICLE VII
Miscellaneous
7.1    Benefits Payable by the Employers. All benefits payable under this Plan shall constitute an unfunded obligation of the Employers. Payments shall be made, as due, from the general funds of the Employers. The Employers, at their option, may maintain one or more bookkeeping reserve accounts to reflect their obligations under the Plan and may make such investments as they, or any of them, may deem desirable to assist in meeting such obligations. Any such investments shall be assets of the Employers subject to claims of general creditors. No person eligible for a benefit under this Plan shall have any right, title or interest in any such investments.
7.2    Amendment or Termination.  The Committee is authorized to amend the Plan, if such amendment does not increase the costs of the Plan and the Board is authorized to amend, modify, restate or terminate the Plan; provided, however, that (i) no such action by the Committee or the Board shall reduce a Participant's Supplemental Retirement Benefit accrued as of the time thereof, and (ii) any such amendments, modifications, restatement or termination shall be effectuated in a manner which will not result in the imposition of Code Section 409A penalties.  Generally, the amendment or termination of the Pre-409A Program shall be effectuated in a manner which either (A) avoids causing the "Grandfathered Benefits" to be materially modified within the meaning of Treas. Reg. 1.409A-6(a)(4); or (B) causes the Pre-409A Program to meet the requirements of Code Section 409A without the imposition of Code Section 409A penalties.  In this regard, upon termination of the 409A Program due to a Change in Control, the Pre-409A Program shall be terminated either pursuant to Treas. Reg. 1.409A-6(a)(4)(iii), or pursuant to a plan termination amendment which causes the Pre-409A Program to comply with Code Section 409A.  The date of such termination shall be the first business day.  Payments under the 409A Program may be accelerated only to the extent permitted by Treas. Reg. 1.409A-3(j)(4).  In this regard, if a Change in Control occurs, the service recipient entity that will be primarily liable immediately after the Change in Control transaction for the payment of benefits under the 409A Program shall terminate the 409A Program and all other nonaccount plans which are aggregated with the 409A Program under Treas. Reg. 1-409A-3(j)(4)(ix).  The date of such termination shall be the first business day following such Change in Control and all amounts held in the Plan for any Participant shall be distributed in a lump sum within ten (10) business days after such termination.

12

7.3    Status of Employment. Nothing herein contained shall be deemed: (a) to give to any Participant the right to be retained in the employ of any Employer, subsidiary or affiliate; (b) to affect the right of any Employer to discipline or discharge any Participant at any time; (c) to give any Employer, subsidiary or affiliate the right to require any Participant to remain in its employ; or (d) to affect any Participant's right to terminate his or her employment at any time.
7.4    Payments to Minors and Incompetents. If a Participant, Former Participant or Beneficiary entitled to receive any benefits hereunder is a minor or is deemed by the Committee or is adjudged to be legally incapable of giving a valid receipt and discharge for such benefits, they will be paid to the duly appointed guardian of such minor or incompetent or to such other person or entity as the Committee may designate. Such payment shall, to the extent made, be deemed a complete discharge of any liability for such payment under the Plan.
7.5    Inalienability of Benefits. The right of any person to any benefit or payment under the Plan shall not be subject to voluntary or involuntary transfer, alienation or assignment, and, to the fullest extent permitted by law, shall not be subject to attachment, execution, garnishment, sequestration or other legal or equitable process. In the event a person who is receiving or is entitled to receive benefits under the Plan attempts to assign, transfer or dispose of such right, or if an attempt is made to subject said right to such process, such assignment, transfer or disposition shall be null and void.
7.6    Qualified Domestic Relations Orders. If a qualified domestic relations order is applicable to a Participant's Pension Plan Benefit, such Participant's Pension Plan Benefit shall be deemed to be the amount which would have otherwise been payable to the Participant from the Pension Plan if such qualified domestic relations order never existed.  To the extent that the Committee determines, in its sole discretion, that a domestic relations order is effective with respect to a Participant’s benefit under the Plan, the benefit payable to the alternate payee under the domestic relations order, with the exception of a Death Benefit, will be paid at the same time and in the same form as the benefit that would otherwise be payable to the Participant under the Plan.
7.7    Governing Law. Except to the extent preempted by federal law, the Plan shall be governed by and construed in accordance with the laws of the State of Oklahoma.
7.8    Procedure for Adoption. Any corporation which is a contributing employer under the Pension Plan may, by resolution of such corporation's board of directors, adopt the Plan subject to such terms and conditions as may be required by the Committee consistent with the provisions of the Plan.

Executed in      counterpart originals this 28th day of  November  , 2017, effective as hereinbefore provided.

THE WILLIAMS COMPANIES, INC.

By: Robyn Ewing    
    

13SEVERANCE AND RELEASE AGREEMENT

 

 

THIS SEVERANCE AND
RELEASE AGREEMENT (this “Agreement”) is made and entered into as of February 22, 2018, by and between Robert P. Carrigan
(hereinafter referred to as "Employee") and The Dun & Bradstreet Corporation or any D&B Related Company (collectively,
“D&B”). Certain capitalized terms used in this Agreement are defined in the Appendix.

Recitals

This Agreement is
based on the following:

A.       Employee
has been employed by D&B since the date specified on the Appendix.

B.       The
parties wish to enter into an agreement providing for the termination of Employee’s employment with D&B and any positions
Employee holds on the Board of Directors of D&B or any of its parents, subsidiaries or affiliates and the resolution of any
differences that have or could have arisen between them in connection with the employment and its termination.

In consideration
of the promises and mutual covenants set forth in this Agreement and of the actions taken pursuant to this Agreement, and in full
settlement of any claims Employee has or could have against D&B arising out of Employee's employment and its termination, the
parties agree as follows:

Terms

1.           
Termination of Employment. As of the Termination Date specified
in the Appendix, Employee’s employment with D&B will terminate. Any position Employee holds as an officer or director
of D&B or any of its parents, subsidiaries or affiliates, and/or any position as a member of any committees of the Board of
Directors of D&B or any of its parents, subsidiaries or affiliates, in each case shall be deemed to have ended by resignation
effective as of February 12, 2018. Regardless of whether Employee accepts this Agreement, D&B will pay Employee (i) all base
salary earned through the Termination Date in accordance with D&B’s standard payroll schedule for the payment of base
salary to employees who are classified at the same level as Employee is classified on the Termination Date, and, (ii) all unused
vacation time earned through the Termination Date in accordance with D&B’s vacation pay policy in effect on the Termination
Date at the time specified in such policy. Employee shall settle all outstanding travel, entertainment and business expenses and/or
advances by not later than two (2) weeks after the Termination Date. 

2.           
Career Transition Plan. Notwithstanding anything to the contrary
in this Agreement, the benefits described in paragraphs 3, 4, and 6 herein shall be provided (i) pursuant to, and only to the extent
permitted under, The Dun & Bradstreet Career

    	

 
 

     

    

Transition Plan, (ii) only if Employee
meets each other obligation under this Agreement, including obligations set forth in paragraph 14; and (iii) only if Employee timely
executes this Agreement and does not timely revoke it as specified in paragraph 26. No payments pursuant to paragraphs 3 or 4 shall
be made prior to the Effective Date (within the meaning of paragraph 26); provided however, that any payments that would otherwise
have been made prior to the Effective Date but for the fact that Employee had not yet delivered an original, signed copy of this
Agreement to D&B or that the revocation period specified in paragraph 26 had not yet lapsed shall be made as soon as administratively
practicable following the Effective Date but not later than the seventy-fourth (74th) day following the Termination
Date.

3.           
Salary Continuation. In exchange for Employee’s agreeing
and adhering to the terms and conditions in this Agreement, for the period from the Termination Date through the Last Day of Restriction
Period specified in the Appendix, Employee will receive continued payment of Employee’s base salary as of the Termination
Date (“Salary Continuation”) in the amount specified in the Appendix. The Salary Continuation will be paid in accordance
with D&B’s standard payroll schedule for the payment of base salary to employees who are classified at the same level
as Employee is classified on the Termination Date (subject to the timing specified in paragraph 2 above).

4.           
Annual Bonus Payment. Employee will be paid an Annual Bonus
Payment with respect to 2017 in the amount of $493,382.50. Such Annual Bonus Payment shall be made at the time an annual bonus
would otherwise have been paid to Employee under, and calculated in accordance with (including in accordance with the individual
modifier plus/minus 50% based on individual executive team member’s performance as determined by the Compensation and Benefits
Committee of the Board in its sole and absolute discretion), the D&B Annual Incentive Plan for 2017, but shall be made no later
than March 15, 2018 (subject to the timing specified in paragraph 2 above). Employee shall not be eligible to receive any payment
in respect of his or her 2018 annual bonus opportunity. 

5.           
Payroll Taxes. The gross compensation specified in this Agreement
will be paid less applicable payroll withholding and deductions, i.e., federal and state income taxes, Social Security,
benefits, etc.

6.           
Medical and Dental Coverage. For the period from the Termination
Date through the end of the month that includes the Last Day of Restriction Period, Employee and Employee’s eligible dependent(s)
will continue to be covered by D&B's medical, vision and dental plans specified in the Appendix, at the levels in effect for
Employee and Employee’s eligible dependent(s) under such plans on the Termination Date, as each such plan and level may be
amended or supplemented from time to time for active D&B employees and their dependents, provided that Employee shall pay the
employee portions of any required premium payments at the level in effect for D&B employees generally under such plans through
normal payroll deduction. Eligibility for 18 months of COBRA coverage will begin after such medical, vision and dental coverage
ends. Employee's coverage under D&B's life insurance plan shall cease as of the Termination

    	2

 
 

     

    

Date. Employee's entitlement to continuation
coverage as required by Title I, Subtitle B, Part 6 of ERISA shall commence on the first day of the first month following the Last
Day of Restriction Period.

7.           
Equity Awards. From and after the Termination Date, Employee
will not be eligible for or receive any additional stock option or other long-term incentive compensation grants. Previously granted
stock options or other long-term incentive compensation grants that are (i) unvested as of the date hereof other than the Eligible
Awards will be forfeited for no consideration as of the Termination Date and (ii) the Eligible Awards will be governed by the terms
of the applicable plans and award agreements pursuant to which they were granted. For the avoidance of doubt, the Eligible Awards
will continue to be eligible to vest in accordance with their terms until Employee’s employment with D&B terminates;
provided that, notwithstanding anything to the contrary in this Agreement or in the terms of the plans and award agreements applicable
to the Eligible Awards, if Employee revokes this Agreement prior to the Effective Date, any Eligible Awards that would otherwise
have vested after the date hereof shall be immediately forfeited for no consideration retroactive to the date hereof. For purposes
of this Agreement, “Eligible Awards” shall mean those equity awards set forth on the Appendix.

8.           
No Other Payments or Benefits. Employee expressly acknowledges
that he/she is not otherwise entitled by law or contract to the payments and/or benefits described in paragraphs 3, 4, 6 and 7
herein except in exchange for Employee’s agreement and adherence to the terms and conditions of this Agreement. Employee
expressly acknowledges that the payments set forth in paragraphs 3, 4, 6 and 7 exceed any amount Employee may be entitled to receive
from D&B under any contract, agreement, plans, policies, or procedures utilized by D&B, or any other legal obligations
which D&B may have to employee. Except for the payments set forth in paragraphs 3, 4, 6 and 7 to be provided pursuant to this
Agreement when executed by Employee, Employee acknowledges that, as of the Termination Date, Employee has been paid all amounts
due to him/her as wages, commissions, bonuses, sick pay, personal leave pay, vacation pay, benefits, payments or form of compensation
of any kind or nature or via any contractual agreement with D&B, that there are no other wages or other monies due or owed
to Employee by D&B and that Employee has not suffered any on-the-job injury or illness for which he/she has not already filed
a claim. Furthermore, payments and other benefits provided to Employee under this Agreement are in full satisfaction of any and
all rights Employee may have to receive severance payments or any other payments or benefits on account of Employee’s termination
of employment with D&B, except for any vested benefits to which Employee may be entitled under The Dun & Bradstreet Corporation
401(k) Plan. Employee expressly agrees that the payments specified in paragraphs 3, 4, 6 and 7 are sufficient consideration for
the promises and mutual covenants set forth in this Agreement. 

9.           
No Competition during Restriction Period. From the date hereof
through the Last Day of Restriction Period, unless Employee has first obtained the written consent of D&B’s Chief Executive
Officer or Chief Legal Officer, Employee will not directly or indirectly (i) engage, own, manage, operate, finance, render services
or

    	3

 
 

     

    

otherwise participate in any business
entity that competes, directly or indirectly, with D&B (including, but not limited to, those businesses on the Principal Competitor
List attached as Exhibit A, which may be amended or supplemented by the Company from time to time in its sole discretion);
(ii) provide consulting services to prospects or customers of D&B concerning their reduced use of products and services offered
by D&B (including, but not limited to, Credit Advisors, Inc. and The Kreller Group); or (iii) interfere with, disrupt or damage
or attempt to interfere with, disrupt or damage the business of D&B, or the relationships between D&B, and its customers,
clients, vendors, or other business relationships. Employee agrees that this non-competition provision will not completely bar
Employee from obtaining work in Employee’s chosen profession or inflict any undue hardship on him/her. Rather, it is reasonably
and narrowly tailored to protect D&B’s business interests. Because D&B has offices and employees nation-wide and
the nature of D&B’s business may be, and generally is, conducted nation-wide and may be handled electronically and telephonically
from anywhere, Employee acknowledges that the geographic reach of the non-competition restriction is reasonable.

10.        
No Recruitment or Solicitation during Restriction Period. From
the date hereof through the Last Day of Restriction Period, and except as otherwise provided for in writing, Employee will not,
directly or indirectly, on behalf of Employee or any other person or entity, solicit, communicate or call upon, any customer or
prospective customer of D&B whom Employee rendered services or otherwise had contact during the last twelve (12) months of
employment with D&B, or about which Employee had access to Proprietary Information, for the purpose of providing through Employee
or a third party any product or service reasonably deemed competitive with any product or service offered by D&B or to induce
or encourage such customers or prospective customers to limit, reduce, or terminate their relationships with D&B. Employee
agrees that this restriction is reasonable.

11.        
No Solicitation of Employees during the Restriction Period. From
the date hereof through the Last Day of Restriction Period, and except as otherwise provided for in writing, Employee agrees that
Employee will not directly or indirectly (a) solicit, recruit, induce, or attempt to influence any person employed by or working
with D&B or independent contractor to terminate his or her employment or contract with D&B or work for another employer
or person; or (b) hire or retain, through Employee’s own efforts or through the efforts of another person or entity an employee
or independent contractor of D&B, without first obtaining the written consent of D&B’s Chief Executive Officer or
Chief Legal Officer. 

12.        
Non-Disparagement. Employee agrees that Employee will not
make any untrue, defamatory, derogatory, disparaging or critical statements about D&B, and/or any Released Parties (as defined
in paragraph 18) or any of D&B or the Released Parties’ officers, directors or employees or the business or any of the
services of D&B or the Released Parties. The foregoing is not intended to, and does not, affect Employee’s ability to
testify or participate truthfully in any government proceeding or investigation. Employee further agrees not to engage in any act
that is intended, or may reasonably be expected, to harm the reputation, business or operations of D&B. Employee’s

    	4

 
 

     

    

material breaches of this paragraph shall
result in the immediate forfeiture of the benefits provided hereunder.

13.        
No Public Statement. From the date hereof through the Last
Day of the Restriction Period, Employee will not originate any public written or oral statement (including, without limitation,
any statement made through social media), news release, or other public announcement or publication, relating to Employee’s
employment by D&B or relating to D&B, or any of its customers, personnel, or agents, without first obtaining the written
consent of D&B’s Chief Executive Officer or Chief Legal Officer, except that Employee may disclose the fact that Employee
was employed by D&B to prospective employers and recruiters. Except as permitted in this Agreement, Employee also will not
use in any public written or oral statement, news release, or other public announcement or publication the indicia or name of D&B
or any of its customers, personnel, or agents, without first obtaining the written consent of Chief Executive Officer or Chief
Legal Officer. “Public written or oral statement” does not include any documents or statements Employee will create
or make in the normal course of his job search or his future employment to the extent such documents and statements refer solely
to Employee’s position at and dates of employment with D&B.

14.        
Nondisclosure; Return of Property; Exit Procedures. 

a.   
Employee will not at any time directly or indirectly disclose any
D&B Proprietary Information. "Proprietary Information," as referred to in this Agreement, includes all of the following
information and material, whether or not reduced to writing, developed or conceived for or by D&B or otherwise belonging to
D&B (or in the custody of D&B): (i) computer software, including all source and object code, flow charts, algorithms, coding
sheets, routines, sub-routines, compilers, assemblers, design concepts and related documentation and manuals; (ii) production processes,
collection and receivable management processes, procedures and techniques, marketing techniques, licensing or sales policies, financial
information, employee names and job descriptions, customer and prospective customer names, contact information and requirements,
data and other information or material relating to the manner in which the customer, or prospective customer of D&B does business;
(iii) inventions, designs, processes, improvements, modifications, developments, discoveries, concepts ideas (including but not
limited to the nature and results of research and development activities), processes, formulae, techniques, designs, drawings and
specifications and/or designs made, conceived, derived, or reduced to practice by Employee, solely or in conjunction with others,
whether on Employee’s time or not, derived from or related to his access to or knowledge of any of the information or material
described herein or relating to any subject whatsoever; documents in any way relating to D&B’s business, information
qualifying as trade secret under the Uniform Trade Secrets Act, and any other information or material relating to the business
or activities of D&B that is not generally known to others engaged in similar businesses or activities. Proprietary Information
will not include any information or material which is or which comes into the public domain through no fault of Employee, or was
known to Employee prior to any affiliation with D&B. The failure to mark any of the Proprietary Information as confidential
will not affect its status as Proprietary Information.

    	5

 
 

     

    

 

b.   
All records, files, drawings, documents, models, disks, equipment
and the like relating to the business of D&B that Employee prepared or used or came in contact with during Employee’s
employment by D&B will be and remain the sole property of D&B. Employee warrants that (1) Employee has returned as of the
date hereof all Proprietary Information, property or assets, written, recorded or computer-readable information or materials (including
paper or electronic documents, audiotapes, videotapes and other recording media, including copies thereof) regarding D&B (including,
but not limited to, business practices, procedures, strategy, clients or personnel information, passwords for cloud or other storage
accounts), assets /equipment listed in the asset control exit checklist (including cell phones, computer hardware or software and/or
any memory storage devices), keys, credit cards and identification; (2) Employee has not retained any copies of documents, records
or materials of any kind, whether written or electronically created or stored, which contain, relate to or refer to any Proprietary
Information; and (3) Employee has not disclosed and will not disclose any Proprietary Information to any person or entity without
the express written authorization of an authorized officer of D&B.

c.           
Employee warrants that, as of the Termination Date, all exit procedures
have been complied with and documents, records or information subject to records hold obligations that have been brought to Employee’s
attention have been provided to D&B’s Legal Department.

d.           
Nothing in this Agreement prohibits or restricts Employee (or his
or her attorney) from communicating directly with, making protected disclosures to or responding to an inquiry from any administrative
or regulatory (including self-regulatory) agency or authority, including, but not limited to, the Securities and Exchange Commission
(SEC), the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission (CFTC), the Consumer Financial
Protection Bureau (CFPB), National Futures Association (NFA), the
U.S. Department of Justice (DOJ), the U.S. Congress, any agency Inspector General, the Equal Employment Opportunity Commission
(EEOC) and/or the National Labor Relations Board (NLRB), or making other disclosures that are protected under the whistleblower
provisions of federal law or regulation. 

e.           
Employee is hereby notified in accordance with the Defend Trade
Secrets Act of 2016 that he or she will not be held criminally or civilly liable under any federal or state trade secret law for
the disclosure of a trade secret that: (a) is made (i) in confidence to a federal, state, or local government official, either
directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation
of law; or (b) is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding. Employee is
further notified that if Employee files a lawsuit for retaliation for reporting a suspected violation of law, Employee may disclose
D&B’s trade secrets to his or her attorney and use the trade secret information in the court proceeding if Employee:
(a) files any document containing the trade secret under seal; and (b) does not disclose the trade secret, except pursuant to court
order.

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15.        
No Re-employment. Except as provided herein, in exchange
for the consideration set forth in this Agreement, and in order to avoid any future claim of retaliation, Employee forsakes any
right to be re-employed by D&B and will not apply for or accept reinstatement or employment at any time in the future with
D&B. However, should D&B waive the provisions of this paragraph and employ Employee during the time Employee is receiving
benefits hereunder, and Employee accepts re-employment, then upon rehire such benefits will cease and Employee will not be entitled
to further payments. D&B may rely on this paragraph in determining to refuse to employ Employee and/or declining to consider
any application for employment that conflicts with this paragraph.

16.        
Section 409A. The right to Salary Continuation payments under
paragraph 3 shall be treated as a right to a series of separate payments in accordance with Treasury Regulation §1.409A-2(b)(2)(iii).
Each separate payment pursuant to paragraph 3 that is made within 2-1/2 months following the later of Employee’s taxable
year or D&B’s taxable year that contains the Termination Date, as well as the Annual Bonus Payment pursuant to paragraph
4, is intended to be exempt from section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), as
a short-term deferral pursuant to Treasury Regulation §1.409A-1(b)(4), and each separate payment pursuant to paragraph 3 that
is made later than 2-1/2 months following the later of Employee’s taxable year or D&B’s taxable year that contains
the Termination Date is intended to be exempt from Section 409A under the two-times compensation exception of Treasury Reg. §1.409A-1(b)(9)(iii)
up to the limitation on the availability of such exception specified in such regulation, and each such payment that is made after
the two-times compensation exception ceases to be available shall be treated as subject to Section 409A. The medical, vision and
dental coverage provided pursuant to paragraph 6 is intended to be exempt from Section 409A pursuant to the limited payment exemption
of Treasury Regulation §1.409A-1(b)(9)(v)(D). To the extent any payment pursuant to this Agreement does not qualify for exemption
from Section 409A, it is intended, and this Agreement will be so construed, that such payment shall comply with Section 409A and
the Department of Treasury regulations relating thereto so as not to subject Employee to interest and additional tax pursuant to
Section 409A. As a result, in the event Employee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i)
on the Termination Date (with such status determined by D&B in accordance with rules established by D&B or in the absence
of such rules established by D&B, under the default rules for identifying specified employees under Section 409A), any payment
that is subject to Section 409A and that is payable to Employee in connection with Employee’s termination of employment shall
not be paid earlier than six months after the Termination Date (provided, however, that if Employee dies after the Termination
Date, any remaining payments that were or could have been delayed will be paid to Employee’s estate without regard to such
six-month delay). None of D&B or its Board of Directors, Compensation & Benefits Committee, Plan Administration Committee,
or Plan Benefits Committee makes any representation that this Agreement complies with Section 409A. Solely as necessary to comply
with Section 409A, “termination of employment” as used in this Agreement shall have the same meaning as “separation
from service” under Section 409A(a)(2)(A)(i). To the extent that any expense reimbursement provided for by this Agreement
does not qualify for exclusion

    	7

 
 

     

    

from Federal income taxation, D&B
will make the reimbursement only if Employee incurs the corresponding expense during the term of this Agreement and submits the
request for reimbursement no later than two months prior to the last day of the calendar year following the calendar year in which
the expense was incurred so that D&B can make the reimbursement on or before the last day of the calendar year following the
calendar year in which the expense was incurred; the amount of expenses eligible for such reimbursement during a calendar year
will not affect the amount of expenses eligible for such reimbursement in another calendar year; and the right to such reimbursement
is not subject to liquidation or exchange for another benefit from D&B.

17.        
Cooperation.

a.           
Employee agrees to cooperate upon the reasonable request of D&B,
in assisting with (i) investigating, prosecuting or defending any claim, (ii) responding to or preparing for any government audit,
investigation or inquiry that, in either case, relates in any manner to Employee’s employment with or service to D&B,
or (iii) other matters that are of significant business need to D&B that relate in any manner to Employee’s employment
with or service to D&B. D&B will reimburse Employee for reasonable and necessary out of pocket expenses Employee may incur
in connection with such cooperation, as well as, with respect to services rendered by Employee to D&B in connection with such
cooperation after the end of the Restriction Period, payment for services rendered at a reasonable per diem rate to which
the parties will reasonably agree. Refusal to comply with this paragraph shall give each party the right to recover from the refusing
party damages incurred as a result of the breach of this Agreement, which may include at the court’s discretion, without
limitation, reimbursement of attorneys' fees and court costs and any other damages D&B may incur.

b.           
Employee agrees that, until the Termination Date, Employee will
(a) make himself or herself available to the Chief Executive Officer of D&B upon request during normal business hours and (b)
continue to comply with all applicable policies of D&B, provided that Employee shall not be required to come to D&B’s
offices at any time unless requested by the Chief Executive Officer of D&B.

18.        
Release of Claims.

a.           
Employee, for himself or herself and for Employee’s family,
representatives, successors and assigns, releases and forever discharges D&B and all of its owners, parents, divisions, holding
companies, investors, affiliates, subsidiaries, successors and assigns (the “D&B Related Companies,” as used in
this Agreement), and their past and present officers, shareholders, representatives, successors, assigns, directors, officers,
employees, consultants, contractors, insurers, attorneys, agents, and trustees or administrators under any D&B plans, jointly
and individually, (the “Released Parties”) from any and all liabilities, claims, demands, causes of action, charges,
suits, debts, complaints, money, benefits, grievances, obligations, costs, losses, damages, injuries, attorneys’ fees, contracts,
promises, agreements, and other legal responsibilities whatsoever (collectively referred to as “Claims”) regardless
of whether

    	8

 
 

     

    

such Claims are unknown, unforeseen,
and/or unanticipated, in law or equity, that he or she or his or her heirs, executors, administrators, successors or assigns ever
had, now have or hereafter can, shall or may have for, upon, or by reason of any matter, cause or thing whatsoever from the beginning
of the world to the Effective Date of this Agreement against the D&B Released Parties, including but not limited to any and
all matters arising out of his or her employment or service with or termination of employment or service from D&B (the “Released
Claims”). The Released Claims include, but are not limited to, any and all Claims under any state, federal, and/or local
statutory, constitutional, common law claim or tort cause of action, for claims of wrongful termination, discrimination, harassment,
constructive discharge, defamation, intentional or negligent infliction of emotional distress, personal physical injury, negligent
or fraudulent misrepresentation, retaliation, pain, anguish and suffering, loss of consortium, physical harm, assault, lost wages,
breach of contract or implied contract, unjust enrichment, detrimental reliance, breach of any covenant of good faith and fair
dealing, breach of fiduciary duty, promissory estoppel, negligence, and/or for benefits owed, as well as any alleged violation
of Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; Sections 1981 through 1988 of Title 42
of the United States Code, as amended; the Employee Retirement Income Security Act of 1974, as amended; the Family and Medical
Leave Act of 1993, as amended; the Immigration Reform and Control Act, as amended; the Fair Labor Standards Act, as amended; the
Equal Pay Act, as amended; the Age Discrimination in Employment Act; as amended; the Americans with Disabilities Act, as amended;
the Workers Adjustment and Retraining Notification Act, as amended; the Occupational Safety and Health Act, as amended; the Sarbanes-Oxley
Act of 2002, the Older Workers Benefit Protection Act, the Reconstruction Era Civil Rights Acts, the Vietnam Era Veterans Readjustment
Assistance Act, the Rehabilitation Act, the Consolidated Omnibus Budget Reconciliation Act, the Fair Credit Reporting Act, the
National Labor Relations Act, the New Jersey Family Leave Act, the New Jersey Workers’ Compensation Law’s retaliation
provisions, the New Jersey Law Against Discrimination, the New Jersey Conscientious Employee Protection Act, the New Jersey Equal
Pay Act, the New Jersey Constitution, the New York State and City Human Rights laws, the California Fair Employment and Housing
Act, the Pennsylvania Human Relations Act and/or any other alleged violation of any federal, state or local law, regulation, order
or ordinance dealing with employment, discrimination, retaliation or harassment in employment or any claim at common law, including
claims based on contract (express or implied) or public policy or tort.

b.           
The Released Claims also include any and all wage and hour related
claims to the maximum extent permitted by federal and state law arising out of or in any way connected with Employee’s employment
with D&B, including but not limited to, claims under New Jersey and Pennsylvania wage-hour laws, the California Labor Code,
Industrial Welfare Commission Wage Orders, and the California Code of Regulations, the Massachusetts Payment of Wages Act (Massachusetts
General Laws Chapter 149 section 148 and 150), the Massachusetts Overtime regulations (Massachusetts General Laws Chapter 151 section
1A and 1B), the Massachusetts Meal Break regulations (Massachusetts General Laws Chapter 149 sections 100 and 101) and any other
claims under any federal or state law for unpaid or delayed payment of wages, overtime, bonuses, commissions, incentive payments
or severance, missed

    	9

 
 

     

    

or interrupted meal periods, interest,
attorneys’ fees, costs, expenses, liquidated damages, treble damages or damages of any kind to the maximum extent permitted
by law.

c.           
Excluded from paragraph 18(a) are claims (1) to indemnification
and advancement of legal fees or insurance coverage Employee may have following the Termination Date, including, without limitation,
any rights under D&B’s organizational documents or any “D&O coverage,” that Employee may have with respect
to any claims made or threatened against Employee in Employee’s capacity as a current or former director, officer or employee
of D&B or any of its affiliates, (2) for breach of this Agreement, (3) for vested benefits to which Employee may be entitled
under The Dun & Bradstreet Corporation 401(k) Plan, (4) for the Eligible Awards, or (5) that by law cannot be released in this
Agreement such as workers’ compensation and unemployment compensation claims and the right to file administrative charges
or complaints with, or participate in an investigation or proceeding conducted by any federal, state or local agency charged with
the enforcement of any laws, although by signing this Agreement, Employee understands and agrees that Employee is waiving the right
to individual relief based on claims asserted in any such charge, whether filed by Employee or anyone else, provided that nothing
herein limits or restricts Employee’s ability to receive a payment pursuant to CFTC, SEC, IRS or similar whistleblower programs
administered and awarded by such government agency, if applicable. Employee further waives any right to become, and promises not
to become, a member of any class in a case in which any claim or claims are asserted against D&B and/or any of the Released
Parties involving any act or event occurring at any time up until the date he/she signs this Agreement. Nor will Employee in any
manner solicit or persuade any former, current or potential employee(s) of D&B or any of the Released Parties to pursue claims,
charges or actions against D&B or any of the Released Parties.

d.           
Employee acknowledges that he/she has not filed any complaints,
claims, or actions against D&B, its officers, agents, directors, supervisors, employees, or representatives with any state,
federal, or local agency or court as of the date Employee signs this Agreement. Except as specifically permitted in paragraphs
18(c) and 14(d), above, Employee further agrees that he/she will not institute any complaint, lawsuit or claim of any kind against
D&B or any Released Parties (except to enforce rights under this Agreement).

e.           
The Released Claims include all such claims whether known or
unknown by Employee. Where applicable, Employee therefore waives the protection of California Civil Code section 1542 or any
other analogous statute or principle of law. Section 1542 states:

A general release does not extend
to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which
if known to him or her must have materially affected his or her settlement with the debtor.

    	10

 
 

     

    

f.            
If Employee breaches this Agreement and brings any action, lawsuit
or proceeding (“Action”) based on a Released Claim (except as may be specifically permitted by paragraph 18(c)), D&B
will be damaged in an amount too difficult to determine in advance and have to incur attorneys’ fees, costs and other incidental
expenses having said Action dismissed pursuant to this Agreement. If Employee brings any such prohibited Action, then within ten
(10) days of D&B’s written demand, Employee will pay D&B an amount equal to 50% of the value of the severance benefits
received by Employee under this Agreement, regardless of the outcome of the Action to compensate D&B for such breach of this
Agreement.

g.           
D&B represents that as of the date hereof neither D&B nor
any of its officers are aware of any claims or causes of action arising on or prior to the date of this Agreement against the Employee
arising from the Employee’s employment relationship with D&B.

19.        
Employee’s Certifications. Employee certifies that
he/she has reported to D&B any and all injuries, accidents, diseases, conditions and/or any other health related issue which
arise(s) out of or is related to employment with D&B. Employee further certifies and warrants that he/she has (1) received
all compensation due as a result of services performed for D&B; and (2) been properly provided any leave of absence because
of his/her or a family member's family or medical condition or military service and has not been subjected to any improper treatment,
conduct or actions due to a request for or taking such leave.

20.        
Confidentiality of Negotiations. Employee will forever refrain
from disclosing to any third party or other entity the negotiations leading to this Agreement, except Employee may do so pursuant
to a court order or other valid governmental authority. Employee's attorneys, spouse and financial advisors will not be deemed
to be third parties for purposes of this paragraph. Employee further agrees to cause any such attorney, spouse or financial adviser
to abide by the terms of this confidentiality provision. 

Employee acknowledges
and agrees that like all other terms of this Agreement, this confidentiality provision is a material term. The parties agree that
it would be impractical or extremely difficult to establish damages by reason of a breach of the confidentiality or other provisions
of this Agreement. In the event of disclosure or other breach, except as permitted under this Agreement or pursuant to lawful court
order or subpoena, the parties have the right to institute an action to recover damages incurred as a result of the breach of this
Agreement, which may include at the court’s discretion, without limitation, reimbursement of attorneys' fees and court costs
and any other damages D&B may incur.

21.        
Taxation and Indemnification. Employee acknowledges and represents
that he has relied on the advice of persons of his own choosing regarding the taxability of the payments to be paid under this
Agreement. Employee further acknowledges and agrees that D&B has made no representations to him/her regarding the tax consequences
of any amounts to be received by him/her pursuant to this Agreement.

    	11

 
 

     

    

Employee agrees to pay federal, state
or local taxes, if any, which are required by law to be paid with respect to any funds Employee receives or that are paid on Employee’s
behalf pursuant to this Agreement but not any employer share of FICA, Medicare or unemployment/disability contributions which may
be required by a government agency. Other than as to any employer share of FICA, Medicare or unemployment/disability contributions
which may be required by a government agency or income tax withheld by D&B from amounts paid to Employee, Employee agrees to
defend, indemnify and hold D&B harmless from any claims, demands, penalties, interest, deficiencies, levies, assessments, executions,
judgments or recoveries by any governmental entity against D&B for any amounts claimed due on account of this Agreement.

22.        
Remedies in Event of Breach. Except as separately provided
by this Agreement with respect to Employee’s Release Of Claims, in the event of a breach of this Agreement by one party,
the non-breaching party will be entitled to recover from the breaching party any damages, costs, and expenses the breaching party
may incur (including court costs, judgments, attorneys' fees, and all other costs and expenses, taxable or otherwise) in an action
before a court of competent jurisdiction, in successfully defending against, or successfully seeking or obtaining an abatement
of or an injunction against, such action or proceeding, or in successfully establishing or maintaining the applicability or validity
of any provision of this Agreement. In the event a court of competent jurisdiction determines a breach of this Agreement by Employee,
D&B, at its option, may (i) seek specific performance of this Agreement, or (ii) seek return of all monies paid and the value
of all benefits provided pursuant to this Agreement as of the date of such breach, and D&B will be relieved of all future payments
and obligations provided for under this Agreement. In addition, Employee acknowledges that the restrictions in paragraphs 9 and
10 are reasonable and necessary for the protection of D&B’s business, that his/her breach of any provision in this Agreement
will result in irreparable injury to D&B’s business, and that D&B’s remedy at law for damages in the event
of such breach will be inadequate. Accordingly, Employee agrees that, in addition to any other remedies to which D&B shall
be entitled, D&B may seek and obtain both preliminary and permanent injunctions to prevent and/or halt a breach or threatened
breach of paragraphs 9 or 10. Employee further agrees that should he/she breach this agreement and/or dispute or challenge the
enforceability of any provisions of this Agreement, the restrictive periods set forth in paragraphs 9 and 10, above, shall be tolled
until such time as Employee’s breach has ended or until his/her challenge or dispute has been resolved. If a court of competent
jurisdiction finds any of the restrictions in paragraphs 9 or 10 to be unenforceable because they extend for too long a period
of time or over too great a range of activities or in too broad a geographic area, such restriction(s) shall be interpreted to
extend only over the maximum period of time, range of activities, or geographic areas as to which it or they may be enforceable.
It is the parties’ intent that the court shall reform this Agreement if necessary to render it enforceable to the fullest
extent under the applicable law.

23.        
No Admission. The parties acknowledge that this Agreement
has been executed in connection with the compromise and settlement of possible claims and that this Agreement and the actions taken
pursuant to this Agreement do not constitute an acknowledgment or admission on the part of either party of liability for any matter
or

    	12

 
 

     

    

precedent upon which liability may be
asserted. Nothing contained in this Agreement will prevent either party from enforcing its rights under this Agreement if it is
breached by the other party. Without limiting the generality of the foregoing, the execution of this Agreement should not be construed
as an admission by either party that it has violated any federal, state or local statute, law, rule, regulation or ordinance of
any nature whatsoever or that it has acted improperly with regard to the other, and that the execution of this Agreement does not
violate any federal, state or local statute, law, rule, regulation or ordinance of any nature whatsoever.

24.        
Employment Inquiries. D&B will provide a standard, neutral
response to employment inquiries. Employee should direct all reference requests in writing to the Leader of People Operations,
who will respond in writing only with dates of employment, last position held and last base salary, if requested.

25.        
No Third-Party Beneficiary where not so Provided. Except
as expressly stated in this Agreement, the parties do not intend to make any person or entity who is not a party to this Agreement
a beneficiary of this Agreement, and this Agreement should not be construed to be made for the benefit of any person or entity
not expressly provided for in this Agreement. If Employee dies prior to payment of all of the payments and benefits provided for
in this Agreement, then the remaining payments will be paid to Employee’s estate.

26.        
Employee’s Acknowledgment. By his/her execution of
this Agreement, Employee acknowledges that:

		a.	Employee has 21 days from the date of receipt
to consider signing this Agreement;

		b.	Employee has carefully read and fully understands
all of the provisions of this Agreement;

		c.	Employee understands that by signing this
Agreement, he/she is waiving his/her rights under the Age Discrimination in Employment Act, as amended by the Older Workers Benefit
Protection Act, 29 U.S.C. § 621, et seq., as well as all rights to all claims described in paragraph 18 of this Agreement,
and that he/she is not waiving any rights arising after the Effective Date; 

		d.	Employee knowingly and voluntarily agrees
to all of the terms set forth in this Agreement and intends to be bound by it; 

		e.	Employee understands that this Agreement
is legally binding and by signing it, he/she gives up certain rights; 

		f.	Employee is receiving consideration for
signing this Agreement in addition to anything of value to which he/she is already entitled; 

    	13

 
 

     

    

		g.	Employee has been and is hereby advised
in writing to consult with an attorney prior to signing this Agreement; 

		h.	Employee has not been coerced, threatened,
or intimidated in any way into signing this Agreement; 

		i.	Employee is knowingly and voluntarily releasing
D&B and the Released Parties from any and all claims, including all rights and claims he/she may have under the Age Discrimination
in Employment Act of 1967 (29 U.S.C. §621 et seq.);

		j.	Employee has been provided electronic access
to the summary plan description that outlines the benefits Employee is entitled to under The Dun & Bradstreet Career Transition
Plan and is aware of Employee’s rights, privileges, and obligations under such plan;

		k.	this Agreement does not become effective
until the following events have occurred: (i) eight (8) days have elapsed since Employee signed it without revoking it and (ii)
D&B has counter-signed this Agreement (hereinafter, the “Effective Date”). Employee has seven (7) days after signing
this Agreement to revoke this Agreement (the “Revocation Period”). To revoke the Agreement, Employee’s signed,
written revocation must be received by the Leader of People Operations at D&B no later than 5:00 p.m. on the 7th calendar day
after Employee signs this Agreement.

27.        
Severability. If, for any reason, any one or more of the
provisions of this Agreement is held or deemed to be inoperative, unenforceable or invalid by a court of competent jurisdiction
in a particular case or in all cases, that circumstance will not have the effect of rendering the provision(s) invalid in any other
case, or rendering any other provisions of this Agreement inoperative, unenforceable or invalid. If, however, the provisions of
any of paragraphs 9 through 10 are held or deemed unenforceable or invalid as to Employee, and Employee thereafter ceases to abide
by the provision(s) then D&B will have the right to declare this Agreement null and void and will have no further payment obligations
under paragraphs 3 or 4.

28.        
Modification of Agreement. This Agreement cannot be amended,
modified or supplemented in any respect except by written agreement entered into between D&B and Employee. Any such modification
or supplement shall only be effected by written addendum to this Agreement and with the written consent of an authorized Company
employee (within the meaning of section 1.16 of The Dun & Bradstreet Career Transition Plan). 

29.        
Governing Law and Forum. Each of the parties to this Agreement
consents to the exclusive jurisdiction and venue of the Courts of the State of New Jersey in any and all actions between or among
any of the parties. This Agreement and any issues arising from it or regarding its provisions shall be governed and construed under
the procedural and substantive laws of the State of New Jersey without reference

    	14

 
 

     

    

to New Jersey's choice of law rules.
Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable
laws.

30.        
Notices. All notices to be given under this Agreement must
be in writing sent by certified or registered mail or overnight delivery service with receipt acknowledged and addressed to:

If to D&B, to:

 

The Dun & Bradstreet Corporation

103 JFK Parkway

Short Hills, NJ 07078

Attn: People Service Center

 

with a copy to:

 

The Dun & Bradstreet Corporation

103 JFK Parkway

Short Hills, NJ 07078

Attn: Chief Legal Officer

 

If to Employee, to the address
shown in the Appendix.

 

Notices will be deemed given when received.

31.        
Entire Agreement; Successors and Assigns. This Agreement,
including any addendum, Appendix, and Exhibit hereto, together with that certain Indemnification Agreement between D&B and
Employee dated November 3, 2016, constitutes the entire agreement of the parties and all prior negotiations or representations
are merged into this Agreement or replaced by it. The parties understand and agree that there are no oral or written agreements
binding between them that modify this Agreement and that they are not relying on any promises or representations made by or on
behalf of the other party, except as expressly stated in the first sentence of this Paragraph 31. Any other plans, policies, agreements,
contracts, arrangements or understandings between Employee and D&B are deemed null and void following the Termination Date
except to the extent this Agreement provides otherwise; however, nothing herein shall supersede Employee’s rights, if any,
to vested benefits under The Dun & Bradstreet Corporation 401(k) Plan, or Employee’s obligations, or D&B’s
rights, under (1) any Employee Agreement (Equity Recipients) to which Employee is a party, (2) the Performance Restricted Stock
Unit Award (Revenue Compound Annual Growth Rate), dated March 3, 2014, (3) the Global Performance Restricted Stock Unit Award (Revenue
Compound Annual Growth Rate), dated March 2, 2015, (4) the Global Performance Restricted Stock Unit Award (Leveraged RSUs), dated
March 2, 2015, (5) the Global Performance Restricted Stock Unit Award (Total Shareholder Return), dated March 2, 2015, (6) the
Global Performance Restricted Stock Unit Award (Leveraged RSUs), dated March 1, 2016, (7) the Global Performance

    	15

 
 

     

    

Restricted Stock Unit Award (Leveraged
RSUs), dated March 1, 2017, or (8) the Incentive Compensation Recoupment Policy, dated December 11, 2017. This Agreement may be
executed in counterparts (delivery of which may occur via electronic mail attachment in “pdf” or similar format), each
being deemed an original. This Agreement shall be binding upon D&B, its parent companies, present and future, and its successors
and assigns.

 

 

-              
execution page follows - 

 

  

    	16

 
 

     

    

Appendix

 

Robert P. Carrigan

 

Summary of Benefit Entitlements

 

	
        Employment Date:

         
	October 7, 2013
	
        Termination Date:

         
	March 15, 2018
	
        Position from which terminated:

         
	Chief Executive Officer and employee
	
        Salary Continuation:

        (to be paid on D&B’s normal payroll schedule)
	
        Number of weeks of base pay: 52

        Aggregate Amount: $850,000

	Last Day of Restriction Period:	March 14, 2019
	Vacation Payment	
        Number of Hours: 0

        Aggregate Amount: $0

	Welfare Benefit Continuation:	
        D&B Medical Plan

        D&B Dental Plan

        D&B Vision Plan

	Outplacement:	As provided by D&B in its discretion.
	Eligible Awards:	
        An
        aggregate of 30,693 LRSUs and performance-based RSUs currently held by Employee that are scheduled to vest on or between
        March 1, 2018, and March 3, 2018

 

The description of benefits contained in this Appendix is only
a summary and is subject to the terms and conditions of the Severance and Release Agreement to which it is attached.

 

 

    	17

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