Document:

The Dun & Bradstreet Career Transition Plan, as amended and restated

 Exhibit 10.3 
 THE DUN & BRADSTREET CAREER TRANSITION PLAN 
 (As amended and restated effective
January 1, 2009) 
 The Dun & Bradstreet Corporation (the “Company”) wishes to define those circumstances under which
it will provide assistance to an Eligible Employee in the event of his or her Eligible Termination (as such terms are defined herein). Accordingly, the Company maintains The Dun & Bradstreet Career Transition Plan (the “Plan”).
The Plan is hereby amended and restated effective January 1, 2009 to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 
 SECTION 1 
 DEFINITIONS 
 1.1. “Base Salary” shall mean an employee’s annualized base salary, excluding the following items: (a) overtime, (b) bonuses and
commissions, whether fixed or variable payments, (c) employer contributions to or benefits under any employee benefit plan or deferred compensation arrangement, (d) any special or one-time payments, including without limitation, automobile
or relocation allowances, and (e) other accrued benefits, including without limitation, vacation. 
 1.2. “Board” shall mean
the Board of Directors of the Company. 
 1.3. “Cause” shall mean (a) willful malfeasance or willful misconduct by the
Eligible Employee in connection with his or her employment, (b) continuing failure of the Eligible Employee to perform such duties as are requested by any employee to whom the Eligible Employee reports or the Participating Company’s board
of directors, (c) failure by the Eligible Employee to observe material policies of the Participating Company applicable to the Eligible Employee or (d) the commission by an Eligible Employee of (i) any felony or (ii) any
misdemeanor involving moral turpitude under applicable law. 
 1.4. “Compensation & Benefits Committee” shall mean the
Compensation & Benefits Committee of the Board. 
 1.5. “Eligible Employee” shall mean a full-time salaried employee or
regular part-time salaried employee of any Participating Company who is on the United States payroll of a Participating Company as of the date of Eligible Termination other than an employee who is otherwise eligible for severance benefits pursuant
to an employment agreement or other individual agreement with any Participating Company. 
 1.6. “Eligible Termination” shall mean
a “separation from service” as defined in Treasury Regulation Section 1.409A-1(h) that is (a) an involuntary termination of employment with a Participating Company by reason of a reduction in force program, job elimination or
unsatisfactory performance in the execution of an Eligible Employee’s 

 
duties or (b) a resignation mutually agreed to in writing by the Participating Company and the Eligible Employee, provided that the circumstances of
such resignation constitute an involuntary termination for purposes of Code Section 409A. Notwithstanding the foregoing, an Eligible Termination shall not include (w) a unilateral resignation, (x) a termination by a Participating
Company for Cause, (y) a termination as a result of a sale (whether in whole or in part, of stock or assets), an elimination or reduction of any operations in connection with the purchase of comparable operations from a third-party vendor
(including an outsourcing), a merger or other combination, spin-off, reorganization or liquidation, dissolution or other winding up or other similar transaction involving a Participating Company, in any case, where an offer of employment at a
Comparable Base Salary (as defined herein) is made to the Eligible Employee by the purchaser, acquirer or successor or surviving entity (including a third-party vendor) concurrently with his or her termination, or (z) any termination where an
offer of employment with a Participating Company at a Comparable Base Salary is made to the Eligible Employee concurrently with his or her termination. An offer of employment shall be deemed to be a “Comparable Base Salary” if it is not
less than the Eligible Employee’s Base Salary at the time of his or her Eligible Termination. For purposes of this Section 1.6, an Eligible Employee shall be treated as receiving an offer of employment at a Comparable Base Salary if the
Plan Administration Committee in good faith determines that the Eligible Employee would have received such an offer but for the Eligible Employee’s failure to diligently apply for such employment. 
 1.7. “Named Fiduciaries” shall be the Compensation & Benefits Committee and the Plan Administration Committee. 
 1.8. “Participating Company” shall mean the Company or any other affiliated entity more than fifty percent (50%) of the voting interests
of which are owned, directly or indirectly, by the Company and which has elected to participate in the Plan by action of its board of directors. 
 1.9. “Plan Administration Committee” shall mean the Plan Administration Committee appointed by the Board or by the Compensation & Benefits Committee. 
 1.10. “Plan Benefits Committee” shall mean the Plan Benefits Committee appointed by the Board or by the Compensation & Benefits
Committee. 
 1.11. “Retirement Benefits” shall mean retirement or pension benefits an Eligible Employee is entitled to receive
from a Participating Company or any other entity, including without limitation benefits under the Federal Social Security Act and retirement or pension benefits under any plan sponsored by a Participating Company or any other entity, whether or not
intended to meet the requirements of Section 401(a) of the Internal Revenue Code of 1986, as amended. 
 1.12. “Salary” shall
mean an Eligible Employee’s Base Salary at the time his or her employment terminates. 
  

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 1.13. “Severance and Release Agreement” shall mean an agreement, in a form to be approved by
the Company, signed by the Eligible Employee prior to the Eligible Employee becoming entitled to any benefits pursuant to this Plan. The form of Severance and Release Agreement shall include a general release of claims which will be as inclusive as
the release included in the form attached hereto as Exhibit 1. Notwithstanding the foregoing, a Participating Company may, by action of its chief human resources officer or chief legal counsel, modify the form of Severance and Release Agreement to
be signed by any Eligible Employee. 
 1.14. “Specified Key Employee” shall mean an Eligible Employee who, at the time of his or
her Eligible Termination is a “specified employee” as defined in Code Section 409A(a)(2)(B)(i). Specified Key Employees will be identified by the Company according to procedures adopted by the Board or the Compensation &
Benefits Committee applicable to all plans and agreements sponsored by the Company that are subject to Code Section 409A. 
 1.15. “Years of Service” shall mean one-twelfth ( 1/12th) of an Eligible Employee’s total number of full months of regular employment (whether full-time or part-time) with a
Participating Company (beginning with his or her initial date of hire). Years of Service will be reduced by any period of regular employment for which an Eligible Employee was previously paid severance under the Plan. 
 SECTION 2 
 SEVERANCE BENEFITS

 2.1. Subject to the provisions and requirements of this Section 2, in the event of an Eligible Termination, an Eligible Employee
shall become eligible to receive from the Participating Company the benefits set forth on Schedule A hereto, as applicable. 
 2.2. The grant
of benefits pursuant to Section 2.1 hereof is conditioned upon an Eligible Employee’s (a) signing a Severance and Release Agreement and the expiration of any revocation period set forth therein and (b) relinquishment of any right
to benefits under the Dun & Bradstreet Executive Transition Plan. The Company shall deliver the Severance and Release Agreement to the Eligible Employee within ten (10) days of an Eligible Termination. No payments of severance benefits
pursuant to Section 2.1 shall be made prior to the date that both (i) the Eligible Employee has delivered an original, signed Severance and Release Agreement to the Company and (ii) the revocability period (if any) has elapsed;
provided however, that any payments that would otherwise have been made prior to such date but for the fact that Eligible Employee had not yet delivered an original, signed Severance and Release Agreement (or the revocability period had not yet
elapsed) shall be made as soon as administratively practicable but not later than the seventy-fourth (74th) day following the date of the Eligible Termination. If an Eligible Employee does not deliver an original, signed Severance and Release
Agreement to the Company within forty-five (45) business days after receipt of the same from the Company, (i) the Eligible Employee shall have no rights to severance benefits pursuant to Section 2.1, and (ii) the Company shall
have no obligation to pay or provide to the Eligible Employee any such severance benefits. 
  

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 2.3. Notwithstanding any other provision contained herein, the Chief Executive Officer of the Company
may, at any time, take such action as such officer, in such officer’s sole discretion, deems appropriate to reduce or increase by any amount the benefits otherwise payable to an Eligible Employee pursuant to the applicable Schedule or otherwise
modify the terms and conditions applicable to an Eligible Employee under this Plan. Benefits granted hereunder may not exceed an amount nor be paid over a period which would cause the Plan to be other than a “welfare benefit plan” under
Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). 
 2.4. In the event a
Participating Company, in its sole discretion, grants an Eligible Employee a period of inactive employee status, then, in such event, any amounts paid to such Eligible Employee during any such period shall offset the benefits payable under this
Plan. For this purpose, a period of inactive employee status shall mean the period beginning on the date such status commences (of which the Eligible Employee shall be notified) and ending on the date of such Eligible Employee’s termination of
employment. 
 2.5. Any payment that does not qualify as a short-term deferral under Code Section 409A and Treasury Regulation
Section 1.409A-1(b)(4) or a limited payment under Treasury Regulation Section 1.409A-1(b)(9)(v)(D) will not be made before the date immediately after the expiration of the six-month period following the date of termination or, if earlier,
the date of Eligible Employee’s death, if the Eligible Employee is a Specified Key Employee as of the Eligible Termination. Payments to which the Eligible Employee otherwise would be entitled during the first six months following an Eligible
Termination (the “Six-Month Delay”) will be accumulated and paid on the first day of the seventh month following the Eligible Termination. Notwithstanding the foregoing, to the maximum extent permitted under Code Section 409A and
Treasury Regulation Section 1.409A-1(b)(9)(iii), during the Six-Month Delay and as soon as practicable after satisfaction of Section 2.2 of this Plan, the Company will pay the Eligible Employee an amount equal the lesser of (A) the
benefits scheduled to be provided under the Plan, or (B) two times the lesser of (1) the maximum amount that may be taken into account under a qualified plan pursuant to Code Section 401(a)(17) for the year in which the Eligible
Termination occurs, and (2) the sum of the Eligible Employee’s annualized compensation based upon the annual rate of pay for services provided to the Company for the Eligible Employee’s taxable year preceding the taxable year in which
the Eligible Termination occurs; provided that amounts paid under this sentence will count toward, and will not be in addition to, the total payment amount required to be made to the Eligible Employee by the Company under the Plan. 
 2.6. Notwithstanding any provision herein to the contrary, the Participating Company may, in its sole discretion, accelerate the payment of an Eligible
Employee’s benefit to the extent permitted under the Treasury Regulations promulgated under Code Section 409A. No Eligible Employee shall have any election, direct or indirect, with respect to any such acceleration. 
  

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 SECTION 3 
 AMENDMENT AND TERMINATION 
 3.1. The Company reserves the right to terminate the Plan on behalf of
any or all Participating Companies at any time and without any further obligation by action of the Compensation & Benefits Committee, or such other person or persons to whom the Board properly delegates such authority. Employees do not vest
in this benefit. Any other Participating Company may cease participation in the Plan by action of its board of directors or such other person or persons to whom such board properly delegates such authority. 
 3.2. The Company shall have the right to modify or amend the terms of the Plan at any time, or from time to time, to any extent that it may deem
advisable by action of the Board, the Compensation & Benefits Committee, the Plan Benefits Committee or such other person or persons to whom the Board or either of the Committees properly delegates such authority. Any amendment shall be
effective only to the extent such amendment does not cause the terms of the Plan or any benefit hereunder to violate the provisions of Code Section 409A or Section 1.409A of the Treasury Regulations. 
 3.3. All modifications of or amendments to the Plan shall be in writing. 
 SECTION 4 
 ADMINISTRATION OF THE PLAN 
 4.1. The Named Fiduciaries shall severally and not jointly have authority to control and manage the operation and administration of the Plan and to
manage and control its assets. 
 4.2. The Named Fiduciaries may from time to time allocate fiduciary responsibilities among themselves and
may designate persons other than Named Fiduciaries to carry out fiduciary responsibilities under the Plan, and such persons shall be deemed to be fiduciaries under the Plan with respect to such delegated responsibilities. Fiduciaries may employ one
or more persons to render advice with regard to any responsibility such fiduciary has under the Plan. 
 4.3. The Named Fiduciaries (and
their delegees) shall have the exclusive right to interpret any and all of the provisions of the Plan and to determine any questions arising thereunder or in connection with the administration of the Plan. Any decision or action by the Named
Fiduciaries (and their delegees) shall be conclusive and binding upon all Eligible Employees and all other interested parties. In all instances the Named Fiduciaries (and their delegees) shall have complete discretionary authority to 

  

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determine eligibility for participation and benefits under the Plan, and to construe and interpret all provisions of the Plan and all documents relating
thereto including, without limitation, all disputed and uncertain terms. All deference permitted by law shall be given to such constructions, interpretations and determinations. 
 4.4. Any action to be taken by a Named Fiduciary shall be taken by a majority of the members of the Named Fiduciary at a meeting or by written instrument
approved by such majority in the absence of a meeting. A written resolution or memorandum signed by one member of the Named Fiduciary and the secretary of such Named Fiduciary shall be sufficient evidence to any person of any action taken pursuant
to the Plan. Notwithstanding the foregoing, if the Company’s by-laws or charter require an alternate method for approval of any action, the method required pursuant to the by-laws or charter shall be followed. 
 4.5. Any person, corporation or other entity may serve in more than one fiduciary capacity under the Plan. 
 4.6. The Company shall indemnify all directors, officers, fiduciaries and employees of a Participating Company, or their heirs and legal representatives,
against all liability and reasonable expense, including counsel fees, related to any matter or action arising in connection with or pursuant to this Plan, to the greatest extent permitted by the Company’s charter, by-laws and applicable law.

 SECTION 5 
 MISCELLANEOUS 
 5.1. Neither the establishment of the Plan nor any action of a Participating Company, the
Compensation & Benefits Committee, the Plan Benefits Committee, the Plan Administration Committee or any fiduciary shall be held or construed to confer upon any person any legal right to continue employment with a Participating Company.
Each Participating Company expressly reserves the right to discharge any employee whenever the interest of such Participating Company, in its sole judgment, may so require, without any liability on the part of such Participating Company, the
Compensation & Benefits Committee, the Plan Benefits Committee, the Plan Administration Committee, or any fiduciary. 
 5.2.
Benefits payable under the Plan shall be paid out of the general assets of a Participating Company. No Participating Company need fund the benefits payable under this Plan; however, nothing in this Section 5.2 shall be interpreted as precluding
any Participating Company from funding or setting aside amounts in anticipation of paying such benefits, so long as any such arrangement complies with Code Section 409A. Any benefits payable to an Eligible Employee under this Plan shall
represent an unsecured claim by such Eligible Employee against the general assets of the Participating Company that employed such Eligible Employee. 
  

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 5.3. A Participating Company shall deduct from the amount of any severance benefits payable hereunder the
amount required by law to be withheld for the payment of any taxes and any other amounts properly to be withheld. 
 5.4. Benefits payable
under the Plan shall not be subject to assignment, alienation, transfer, pledge, encumbrance, commutation or anticipation by the Eligible Employee. Any attempt to assign, alienate, transfer, pledge, encumber, commute or anticipate Plan benefits
shall be void. 
 5.5. This Plan shall be interpreted and applied in accordance with the laws of the State of New Jersey, except to the
extent superseded by applicable federal law. All references to statutory provisions and related regulatory provisions used herein shall include any similar or successor provisions. The exclusive jurisdiction and venue for any disputes arising under,
or any action brought to enforce (or otherwise relating to), this Plan shall be exclusively in the courts in the State of New Jersey, including the Federal Courts located therein. 
 5.6. This Plan will be of no force or effect to the extent superseded by foreign law. 
 5.7. This Plan is intended to comply with Code Section 409A and the interpretative guidance thereunder, including the exceptions for short-term
deferrals, separation pay arrangements, reimbursements, and shall be administered accordingly. The Plan shall be construed and interpreted with such intent. A right to a series of installment payments under the Plan is to be treated as a right to a
series of separate payments in accordance with Treasury Regulation Section 1.409A-2(b)(2)(iii). The Company, the Board, the Compensation & Benefits Committee, the Plan Administration Committee, the Plan Benefits Committee and the
Participating Companies make no representations that the Plan, the administration of the Plan, or the benefits hereunder comply with Code Section 409A. If an operational failure occurs with respect to Code Section 409A, any affected
Eligible Employee shall fully cooperate with the Company to correct the failure, to the extent possible, in accordance with any correction procedure established by the Internal Revenue Service. 
 5.8. This Plan supersedes any and all prior severance arrangements, policies, plans or practices of the Company and of any Participating Company (whether
written or unwritten). Notwithstanding the preceding sentence, the Plan does not affect the severance provisions of any written individual employment contracts or written agreements between an Eligible Employee and a Participating Company, nor does
it affect any Retirement Benefits. Benefits payable under the Plan shall be offset by any other severance or termination payment or pay in lieu of notice of termination made by a Participating Company including, but not limited to, amounts paid
pursuant to any agreement, plan, policy or law. 
 * * * * 
  

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 Schedule A 
 This Schedule A is applicable to Eligible Employees covered by Section 1.5 of the Plan. An Eligible Employee entitled to benefits hereunder shall, subject to Section 2 of the Plan, receive the following:

 1. Salary Continuation. 
 (a) If the Eligible Employee incurs an Eligible Termination, he or she shall be eligible for Salary continuation, payable pursuant to the Company’s normal payroll practices, through the Salary Continuation
Period, as defined in this paragraph 1. 
 (b) If the Eligible Employee incurs an Eligible Termination for any reason other
than unsatisfactory performance, he or she shall have a “Salary Continuation Period” based on the Eligible Employee’s Years of Service and Salary in accordance with the following table: 
  

							
	 	  	YEARS OF SERVICE
	 ANNUAL BASE SALARY
	  	LESS THAN 5	  	5 -9	  	10 AND
ABOVE
	 UNDER $100,000
	  	8 weeks	  	16 weeks	  	24 weeks
	 $100,000 TO $149,999
	  	16 weeks	  	24 weeks	  	32 weeks
	 $150,000 TO $199,999
	  	24 weeks	  	32 weeks	  	40 weeks
	 $200,000 TO $299,999
	  	32 weeks	  	40 weeks	  	48 weeks
	 $300,000 AND ABOVE
	  	40 weeks	  	48 weeks	  	52 weeks

 (c) If the Eligible Employee incurs an Eligible Termination by reason of
unsatisfactory performance, he or she shall have a “Salary Continuation Period” based on the Eligible Employee’s Years of Service and Salary in accordance with the following table: 
  

							
	 	  	YEARS OF SERVICE
	 ANNUAL BASE SALARY
	  	LESS THAN 5	  	5 -9	  	10 AND
ABOVE
	 UNDER $100,000
	  	4 weeks	  	8 weeks	  	12 weeks
	 $100,000 TO $149,999
	  	8 weeks	  	12 weeks	  	16 weeks
	 $150,000 TO $199,999
	  	12 weeks	  	16 weeks	  	20 weeks
	 $200,000 TO $299,999
	  	16 weeks	  	20 weeks	  	24 weeks
	 $300,000 AND ABOVE
	  	20 weeks	  	24 weeks	  	26 weeks

  

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 (d) Notwithstanding the foregoing, in no case shall the Salary Continuation Period extend
beyond the New Employment Date, as defined below. 
 2. New Employment. 
 (a) The Eligible Employee shall have a “New Employment Date” as of the first date during the Salary Continuation Period that he
or she commences performing services, or expands the scope or amount of services performed, for any Participating Company or any other entity, whether or not related to the Company. An Eligible Employee who continues to perform services for an
entity other than a Participating Company that he or she performed while employed by the Participating Company will not be deemed to have a New Employment Date unless and until he or she expands the scope or amount of those services. To
“perform services” means to perform any personal services for remuneration, compensation or reward as an employee, consultant, owner, partner, associate, agent or otherwise on behalf of any person, principal, partnership, firm or
corporation (or any other legal entity) or as a sole proprietor. For purposes of clarity, acceptance of Retirement Benefits does not, in and of itself, cause an Eligible Employee to have a New Employment Date. 
 (b) The Eligible Employee shall periodically certify to the Company that he or she has not had a New Employment Date. Such certification
must be delivered in writing to the Employee Relations Leader each calendar quarter during the Salary Continuation Period, beginning with the first calendar quarter that ends on or after the date of termination. Failure to make the certification
within five (5) business days of the end of each calendar quarter will result in the permanent discontinuation of the benefits described in paragraph 1 (salary continuation), paragraph 3 (welfare benefit continuation), and paragraph 4 (annual
bonus payment). 
 (c) The Eligible Employee shall notify the Company within five (5) business days of any New Employment
Date. Such notice must be delivered in writing to the Employee Relations Leader or such other leader as may be designated from time to time by the Company’s chief human resources officer. An Eligible Employee who provides timely notice of his
or her New Employment Date shall be eligible to receive a New Employment Notification Bonus, defined below, but only if he or she is not employed by the Company or any Participating Company. 
  

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 (d) The New Employment Notification Bonus shall be equal to fifty percent (50%) of
the total Salary continuation payments that the Eligible Employee would receive after the New Employment Date through the remainder of the Salary Continuation Period, if he or she did not have a New Employment Date. Such bonus shall be reduced by
the Salary continuation payments, if any, paid to the Eligible Employee after the New Employment Date and shall be payable to the Eligible Employee in a lump sum within thirty (30) days of receipt of timely notification of his or her New
Employment Date by the Participating Company. 
 (e) If the Eligible Employee fails to timely notify the Participating Company
of his or her New Employment Date, he or she will immediately (i) forfeit any and all rights under the Plan to Salary continuation and welfare benefit continuation through the Salary Continuation Period and (ii) repay to the Participating
Company an amount equal one hundred percent (100%) of the Salary continuation payments he or she received after the New Employment Date, plus fifty percent (50%) of the Salary continuation payments he or she received prior to the New
Employment Date. In addition, such Eligible Employee shall pay the reasonable costs and attorneys’ fees of the Company or any Participating Company in bringing an action to enforce the rights of repayment described in this subparagraph 2(e).

 3. Welfare Benefit Continuation. Medical and dental insurance benefits shall be provided through the end of the month that includes
the last day of the Salary Continuation Period at the levels in effect for the Eligible Employee immediately prior to termination of employment but in no event shall such medical and dental insurance benefits be maintained longer than 18 months or
at a level greater than as is in effect for active employees generally during the Salary Continuation Period, provided that the Eligible Employee shall pay the employee portion of any required premium payments at the level in effect for employees
generally of the Participating Company for such benefits. For purposes of determining an Eligible Employee’s entitlement to continuation coverage as required by Title I, Subtitle B, Part 6 of ERISA, such employee’s 18-month or other period
of coverage shall commence on the first of the month following the last day of the Eligible Employee’s Salary Continuation Period. Life insurance coverage shall cease as of the date of termination of employment. 
 4. Annual Bonus Payment. Subject to the provisions of this paragraph 4, a cash bonus for the calendar year of termination may be paid in the event
the Eligible Employee was employed by a Participating Company for at least six full months during such year and the Eligible Employee participated in an annual bonus plan (the “Annual Incentive Plan”) immediately prior to termination of
employment. In such event, the Eligible Employee shall receive a bonus in an amount equal to the actual bonus which would have been payable under the Annual Incentive Plan had such employee remained employed through the end of the year of such
termination multiplied by a 

  

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fraction the numerator of which is the number of full months he or she was eligible for the Annual Incentive Plan while employed during the calendar year of
termination and the denominator of which is 12. Such bonus shall be payable at the time otherwise payable under the Annual Incentive Plan had employment not terminated, but no later than the 15th day of the third month following the end of the Eligible Employee’s taxable year (or the Participating Company’s taxable year, if later) during which the termination of
employment occurred). Notwithstanding the foregoing, no amount shall be paid under this paragraph 4 in the event the Eligible Employee incurred an Eligible Termination by reason of unsatisfactory performance. The foregoing provisions of this
paragraph 4 shall be appropriately modified in the case of any plan not on a calendar year basis. 
 5. Death. Upon the death of an
Eligible Employee during the Salary Continuation Period, the benefits described in paragraph 1 (salary continuation) and paragraph 4 (annual bonus payment) of this Schedule shall continue to be paid to his or her estate, as applicable, at the time
or times otherwise provided for herein. 
 6. Equity. The Eligible Employee’s unvested rights in any stock options, restricted
stock or other equity in the Company or any of its affiliates shall be immediately forfeited upon the termination of an Eligible Employee’s employment. All vested rights in any stock options or other equity shall be governed by the applicable
plan documents and/or agreements governing such equity. 
 7. Other Benefits. The Eligible Employee shall be entitled to such
outplacement services during the Salary Continuation Period as shall be provided by the Participating Company. Unless expressly stated in this Plan to the contrary, all other benefits shall terminate upon the termination of the eligible
Employee’s employment with the Company. 
 8. No Further Benefits, Etc. Following an Eligible Employee’s termination of
employment, no further grants, awards, contributions, accruals or continued participation (except as otherwise provided for herein) shall be made to or on behalf of such employee under any plan or program maintained by a Participating Company
including, but not limited to, any annual incentive plan, any stock incentive plan or any qualified or nonqualified retirement, profit sharing, stock option, restricted stock, perquisite, or other benefit plan of the Company or any of its
affiliates. 
  

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 Exhibit 1 
 MEMORANDUM OF AGREEMENT 
 THIS MEMORANDUM OF AGREEMENT (this “Agreement”) is made by
and between                                  (hereinafter referred to as
“Employee”) and Dun & Bradstreet, Inc. (“D&B”). 
 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 and the resolution of any differences that have or could arise between them. 
 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 on the Appendix, Employee’s employment with D&B will terminate.
Regardless of whether Employee accepts this Agreement, Employee will be paid all earned salary and, in accordance with existing policy, all earned and unused vacation time. Employee is expected to settle all outstanding travel, entertainment and
business expenses and/or advances by not later than two (2) weeks after Employee’s termination. 
 2. Career Transition
Plan. The benefits described in paragraphs 3, 4, 6 and 7 herein shall be provided pursuant to, and only to the extent permitted under, the Dun & Bradstreet Career Transition Plan. 
 3. Salary Continuation. For the period from the Termination Date through the earlier of the New Employment Date or the Last Day of Restriction
Period specified on the Appendix, Employee will receive Salary Continuation in the amount specified on the Appendix. This will be paid on D&B’s normal payroll schedule starting on the first payroll date following the Effective Date of this
Agreement. 
 4. Bonus and incentive compensation. Employee will receive such bonus and other incentive compensation as is specified
on the Appendix. 
  

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 5. Payroll taxes. The gross compensation specified in paragraphs 3 and 4 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 earlier of the New Employment Date or the Last Day of Restriction Period, Employee and Employee’s eligible dependent(s) will continue to be covered by
D&B’s medical and dental plans, as each may be amended or supplemented from time to time for D&B employees. Eligibility for COBRA coverage will begin after such medical and dental coverage ends. Employee’s coverage under
D&B’s life insurance plan shall cease as of the Termination Date. 
 7. Stock options. 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 will be governed by the terms of the
applicable plan(s) under which they were granted. 
 8. No other payments or benefits. Payments to Employee provided for under this
Agreement are in lieu of, and Employee waives any and all rights Employee may have to receive, any other severance payments or any other payments or compensation to which Employee may now be or later become entitled upon termination of employment,
except for retirement benefits and medical and dental insurance benefits. 
 9. New Employment Date. Employee will have a
“New Employment Date” as of the first date between the Termination Date and the Last Day of Restriction Period that he or she commences performing services, or expands the scope or amount of services performed, for any entity, including
D&B or any of its parent, divisions, subsidiaries, affiliates, or partnerships (“D&B Related Companies”) or any other entity (whether or not such entity is in competition with D&B or any D&B Related Company). An Employee
who continues to perform for any other entity services that he or she performed for such entity while employed by D&B or any D&B Related Company will not have a New Employment Date unless and until he or she expands the scope or amount of
those services. To “perform services” means to perform any personal services for remuneration, compensation or reward as an employee, consultant, owner, partner, associate, agent or otherwise on behalf of any person, principal,
partnership, firm or corporation (or any other legal entity) or as a sole proprietor.  
 10. Quarterly certification. Employee
will periodically certify to D&B that he or she has not had a New Employment Date. The certification must be delivered in writing to the Employee Relations Leader in each calendar quarter that ends between the Termination Date and the Last Day
of Restriction Period. Failure to make the certification within five (5) business days of the end of each calendar quarter will result in the permanent forfeiture of any and all rights under this Agreement to Salary Continuation, insurance
coverage continuation and an annual bonus payment. 
  

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 11. Notice of New Employment. Employee will notify D&B within five (5) business
days of any New Employment Date. Such notice must be delivered in writing on a Notice of New Employment, delivered to the Employee Relations Leader.  
 12. Failure to Provide New Employment Notice. If the Employee fails to timely provide a Notice of New Employment to notify D&B of his New Employment Date, he shall immediately (i) forfeit any
and all rights to Salary Continuation and benefit continuation through the Salary Continuation Period and (ii) repay an amount equal one hundred percent (100%) of the Salary Continuation payments he received on or after the New Employment
Date, plus fifty percent (50%) of the Salary Continuation payments he received prior to the New Employment Date. In addition, the Employee shall pay the reasonable costs and attorneys’ fees of D&B or any D&B Related Company in
bringing an action to enforce the rights of repayment described in this paragraph 12. 
 13. New Employment notification
bonus. Although Employee is not eligible for any salary continuation payments after the New Employment Date, D&B will pay to the Employee, in cash in a lump sum within thirty (30) days of receipt of timely notification of the
Employee’s New Employment Date, an amount equal to fifty percent (50%) of the total Salary Continuation that the Employee would be entitled to under paragraph 3 between the New Employment Date and the Last Day of Restriction Period, if
Salary Continuation was payable during such period. This bonus will be reduced by the Salary Continuation payments, if any, paid to the Employee after the New Employment Date. Notwithstanding the foregoing, the Employee shall not be eligible to
receive the New Employment notification bonus, if Employee’s new employment is as an employee of D&B or any D&B Related Company.  
 14. No competition during Restriction Period. From the Termination Date through the Last Day of Restriction Period, unless Employee has first obtained the written consent of D&B’s President, Employee
will not perform any work for, consult (for compensation or otherwise) with, or obtain or maintain any ownership (other than as a less than 5% stockholder in a public corporation) in, any corporation, partnership or other business entity (including,
but not limited to, those businesses on the Principal Competitor List attached as Exhibit A) that (i) competes with D&B or any D&B Related Company in a field of business activity in which Employee has been primarily engaged on behalf of
D&B or in which Employee has considerable knowledge as a result of his employment by D&B; or (ii) provides consulting services to prospects or customers of D&B or any D&B Related Company concerning their reduced use of products
and services offered by D&B or any D&B Related Company (including, but not limited to, Credit Advisors, Inc., and The Kreller Group). 
 15. No recruitment or solicitation during Restriction Period. From the Termination Date through the Last Day of Restriction Period, and except as otherwise provided for in writing, Employee will not recruit or solicit any customers
of D&B or any D&B Related Company to become customers of any business entity that competes with any of the businesses owned or operated by D&B or any D&B Related Company. In addition, Employee will not recruit or solicit any employee
of D&B or any D&B Related 

  

 14 

 
Company to leave D&B or any D&B Related Company to work with or for Employee or with or for another by whom Employee is employed, without first
obtaining the written consent of D&B’s President. 
 16. No public statement. From the Termination Date through the Last Day
of Restriction Period, Employee will not originate any public written or oral statement, news release, or other public announcement or publication, relating to Employee’s employment by D&B or relating to D&B, any D&B Related
Company, or any of their customers, personnel, or agents, without first obtaining the written consent of D&B’s President, 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, any D&B Related Company, or any of
their customers, personnel, or agents, without first obtaining the written consent of D&B’s President. 
 17. Nondisclosure;
return of property. Employee will not at any time directly or indirectly disclose any confidential information, records, data, formulae, specifications or other trade secrets owned by D&B or any D&B Related Company to any person or
entity or use any such information. All records, files, drawings, documents, models, disks, equipment and the like relating to the business of D&B or any D&B Related Company 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 or the D&B Related Company. Employee warrants that as of the Termination Date all such property will have been returned to D&B or the D&B Related
Company and that Employee will not retain any such property. In addition, Employee will turn over to D&B all documents (including without limitation paper documents, audiotapes, videotapes and other recording media, as well as all copies and
transcripts of those documents) that contain matters of or relating to D&B, any D&B Related Company, or their affairs or employees. 
 18. 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 or any
D&B Related Company and will not apply for or accept reinstatement or employment at any time in the future with D&B or any D&B Related Company. However, should D&B or a D&B Related Company waive the provisions of this paragraph
and employ Employee during the time Employee is receiving benefits hereunder, then upon rehire such benefits will cease and Employee will not be entitled to further payments. D&B or a D&B Related Company 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. 
 19. Release of claims. 
 a. Employee, for himself or herself and for Employee’s family, representatives, successors and
assigns, releases and forever discharges D&B, all 

  

 15 

 
D&B Related Companies, and their respective representatives, successors, assigns, directors, officers, employees, attorneys, agents, and trustees or
administrators under any Dun & Bradstreet plans (the “Released Parties”) from any and all claims, demands, debts, damages, injuries, actions or rights of action of any nature whatsoever, whether known or unknown, that Employee had
or now has or may have against the Released Parties from the beginning of Employee’s employment with D&B or any D&B Related Company to and including the Effective Date of this Agreement, on account of, or arising out of, any matter
related to Employee’s employment with D&B or any D&B Related Company or termination of such employment (the “Released Claims”). The Released Claims include, but are not limited to, all rights, claims, and causes of action
under (as amended) Title VII of the Civil Rights Act of 1964, 42 U.S.C. section 1981, the Employee Retirement Income Security Act, the Age Discrimination in Employment Act of 1967 (“ADEA”), The Americans with Disabilities Act, the Family
and Medical Leave Act, and (when applicable) the New York State and City Human Rights laws, the New Jersey Law Against Discrimination, the New Jersey Family Leave Act, the New Jersey Equal Pay Act, the New Jersey Conscientious Employee Protection
Act, and the California Fair Employment and Housing Act, any other local, state or federal law, including but not limited to laws related to discrimination or wrongful termination, any implied or express contract of employment, whether oral or
written, and/or any claim arising under common law. 
 b. The Released Claims, however, do not include (i) any claim arising from a
breach of this Agreement by D&B; or (ii) any claim that may not be waived by private agreement without governmental or judicial supervision. 
 c. Employee’s release of claims also does not bar Employee from filing a charge or complaint with the Equal Employment Opportunity Commission or an analogous state agency or assisting such an agency in its
investigation of a charge or complaint of discrimination, but it does bar Employee from recovering monetary damages or other relief from the Released Parties in an individual, class, or governmental agency action covering any of the Released Claims.

 d. 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.

 e. If Employee brings any action, law suit or proceeding (“Action”) based on a Released Claim (other than an ADEA claim), then
within ten (10) days of D&B’s written demand, Employee will return to D&B the value of the severance benefits received by Employee under this Agreement, regardless of the outcome of the Action, and will pay to D&B all of its
reasonable attorneys’ fees and costs incurred in the Action (including any appeals resulting from the Action), if D&B prevails in the action. 
  

 16 

 f. If Employee’s release of ADEA claims is found to be invalid, D&B will be entitled, to the
extent not prohibited by law, to set-off, recoupment, or restitution of the value of the severance benefits received by Employee under this Agreement. 
 20. Confidentiality of Agreement. Employee will forever refrain from disclosing to any third party or other entity the fact of this Agreement, and further will keep the terms of this Agreement confidential and
not disclose same to any third party, except Employee may (i) do so pursuant to a court order or other valid governmental authority, and (ii) disclose the fact and nature of the restrictive covenants contained in this Agreement to
prospective employers. If, pursuant to a court order or other governmental authority, Employee may be or is required to disclose all or any portion of this Agreement, Employee will immediately so notify D&B and D&B will be given the right to
intercede with such court or governmental entity to seek to prevent or limit the extent of disclosure. Employee’s attorneys, spouse and financial advisors will not be deemed to be third parties for purposes of this paragraph. 
 21. 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 Employee, D&B or any D&B Related Company will be entitled to recover from Employee any damages, costs, and expenses D&B may incur (including court costs, judgments, attorneys’ fees, and all other
costs and expenses, taxable or otherwise) in defending against, or seeking or obtaining an abatement of or an injunction against, such action or proceeding, or in establishing or maintaining the applicability or validity of any provision of this
Agreement. In the event of such breach 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. 
 22.
Accord and satisfaction. The parties expressly understand and agree that this Agreement is in full accord, satisfaction and discharge of any and all claims Employee has or could have against D&B or any D&B Related Company arising out
of Employee’s employment by D&B or any D&B Related Company and the termination of that employment, and that this Agreement has been executed with the express intention of extinguishing all obligations and all claims and rights that
Employee has or could assert against D&B or any D&B Related Company, except as expressly provided for herein. 
 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 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

  

 17 

 
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. 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.

 25. Employee’s acknowledgment. Employee acknowledges that: 
 a. Employee has had a period of at least twenty-one (21) days within which to consider whether to sign this Agreement, although Employee is free to
sign this Agreement at anytime during that 21-day period, except that Employee may not accept this Agreement prior to the time that Employee’s employment with D&B terminates. 
 b. Employee has a period of seven (7) days from the date that Employee signs this Agreement within which to revoke it. This Agreement will not
become effective or enforceable until the expiration of this seven (7) day revocation period without a timely revocation, at which time will be the Agreement’s “Effective Date.” 
 c. Employee is advised to consult with an attorney about this Agreement at Employee’s own expense. 
 d. Employee fully understands the terms and contents of this Agreement and voluntarily, knowingly and without coercion is entering into this Agreement.

 26. 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 or 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 10 through 12 or 14 through 23 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 paragraph 3 or 4. 
 27. Governing law. This Agreement will be construed in accordance with the laws of the State of New Jersey or federal law as applicable. 
  

 18 

 28. 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: 
 Dun & Bradstreet, Inc. 
 103 JFK
Parkway 
 Short Hills, NJ 07078 
 Attn: Leader - Human Resources 
 with a copy to: 
 Dun & Bradstreet, Inc. 
 103 JFK Parkway 
 Short Hills, NJ 07078 
 Attn: General Counsel

 If to Employee, to the address shown on the Appendix. 
 Notices will be deemed given when received. 
 29. Entire agreement. This Agreement 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 set forth in this Agreement. This Agreement may be executed in counterparts, each being deemed an original.

  

 19 

 Employee and D&B, by its duly authorized agent, hereby execute this Agreement. 
  

									
	EMPLOYEE:
                                        
	 		 	DUN & BRADSTREET, INC.
				
	  
	 		 	By:	 	  

					
	Date:	 	  
	 		 	Name:	 	  

					
		 		 		 	Date:	 	  

			
	Witness as to Employee:	 		 	Attest as to D&B:
					
	By:	 	  
	 		 	By:	 	  

					
	Name:	 	  
	 		 	Name:	 	  

					
	Date:	 	  
	 		 	Date:	 	  

  

 20 

 Appendix 
 Summary of Benefit Entitlements 
  

			
	Employment Date:	 	  

		
	Termination Date:	 	  

		
	Position from which terminated:	 	  

		
	Salary Continuation:	 	$                     per week for
             weeks
		 	(annual rate of $                ; to be paid on D&B’s normal payroll
schedule)
		
	Last Day of Restriction Period:	 	  

		
	Welfare Benefit Continuation:	 	[LIST NAMES OF MEDICAL AND DENTAL PLANS UNDER WHICH EMPLOYEE COVERED]
		
	Annual Bonus Payment:	 	[x] of the annual bonus
		 	12
		
		 	otherwise payable to you at time of normal payment.
		
	[Individual] [Group] Outplacement:	 	As provided by the Company.
		
	Employee’s Address for Notices:	 	  

		 	  

		 	  

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

 21Executive Retirement Plan of The Dun & Bradstreet Corporation, as amended

 Exhibit 10.4 
 EXECUTIVE RETIREMENT PLAN 
 OF 
 THE DUN & BRADSTREET CORPORATION 
 As Amended and Restated Effective January 1, 2009

  
  
 PREAMBLE 
 The principal purpose
of this Executive Retirement Plan of The Dun & Bradstreet Corporation (the “Plan”) is to ensure the payment of a competitive level of retirement income and disability benefits in order to attract, retain and motivate
selected executives of the Corporation and its Affiliates. 
 Effective January 1, 2009, the Supplemental Executive Benefit Plan of The
Dun & Bradstreet Corporation (the “SEBP”) was combined with the Plan to form a single plan. This Plan document constitutes an amendment and restatement of both the Plan and the SEBP, and shall apply effective
January 1, 2009, to Participants and Vested Former Participants who performed an hour of service on or after January 1, 2005. 
 Section 1. 
 Definitions 
 1.1 “Affiliate” means any corporation, partnership, joint venture, limited liability company, or other organization which, together with the Corporation, would be treated as a single employer under
Section 414(b) or (c) of the Code. An eighty (80) percent ownership threshold shall be applied for identifying related entities that are Affiliates for all purposes under this Plan. 
 1.2 “Aggregated Amounts” means the entirety of a Participant’s or Vested Former Participant’s interest under any plan, agreement,
method, program or other arrangement with respect to which deferrals of compensation, together with all benefits under this Plan, are treated as having been deferred under a single nonqualified deferred compensation plan under
Section 1.409A-1(c)(2) of the Treasury Regulations. 
 1.3 “Average Final Compensation” means a Participant’s or Vested
Former Participant’s average annual Compensation during the five (5) consecutive twelve (12) month periods in the last ten (10) consecutive twelve (12) month periods of his or her Credited Service (or during the total number
of consecutive twelve (12) month periods if fewer than five (5)), prior to the relevant date of calculation under this Plan, affording the highest such average annual Compensation. If actual monthly Compensation for any month during the one
hundred twenty (120) month computational period is unavailable, Compensation for such month shall be determined based on uniform rules adopted by the Committee or its delegee. For the sole purpose of determining a Participant’s or Vested
Former Participant’s average annual 

 
Compensation, service with an Affiliate shall be deemed Credited Service. Notwithstanding the foregoing, if the Participant is Disabled at the time of his or
her Retirement, the Average Final Compensation shall be the greater of the amount described above or the Participant’s Earnings. 
 1.4
“Board” means the Board of Directors of The Dun & Bradstreet Corporation. 
 1.5 “Change in Control” means the
occurrence of any of the following events, but only to the extent such event constitutes a “change in control event” as that term is defined for purposes of Code Section 409A: 
 (a) any one person, or more than one person acting as a group (including owners of a corporation that enters into a merger, consolidation,
purchase or acquisition of stock, or similar business transaction with the Corporation, but not including persons solely because they purchase or own stock of the Corporation at the same time or as a result of the same public offering), acquires (or
has acquired during the twelve-month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Corporation possessing thirty percent (30%) or more of the total voting power of the
Corporation’s stock, but only if such person or group is not considered to effectively control the Corporation (within the meaning of Section 1.409A-3(i)(5)(vi) of the Treasury Regulations) prior to such acquisition; 
 (b) a majority of members of the Board is replaced during any twelve-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; 
 (c) any one person, or
more than one person acting as a group (including owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Corporation, but not including persons solely because they
purchase or own stock of the Corporation at the same time or as a result of the same public offering), acquires ownership of stock of the Corporation that, together with stock held by such person or group, constitutes more than fifty percent
(50%) of the total voting power of the stock of the Corporation, but only if such person or group was not considered to own more than fifty percent (50%) of the total voting power of the stock of the Corporation prior to such acquisition;
or 
 (d) any one person, or more than one person acting as a group (including owners of a corporation that enters into a
merger, consolidation, purchase or acquisition of assets, or similar business transaction with the Corporation, but not including persons solely because they purchase assets of the Corporation at the same time), acquires (or has acquired during the
twelve-month period ending on the date of the most recent acquisition by such person or group) assets from the Corporation that have a total gross fair market value (determined without regard to any liabilities associated with such assets) equal to
or more than ninety percent (90%) of the total gross fair market value of all of the assets of the Corporation (determined without regard to any liabilities associated with such assets) immediately before such acquisition or acquisitions,
except where the assets are transferred to (i) a shareholder of the Corporation (immediately before the asset transfer) in exchange for or with respect to its stock, 

  

 2 

 
(ii) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Corporation immediately
after the asset transfer, (iii) 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 of the Corporation
immediately after the asset transfer, or (iv) an entity, at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a person described in (iii), above, immediately after the asset
transfer. 
 1.6 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
 1.7 “Committee” means the Compensation & Benefits Committee of the Board. 
 1.8 “Compensation” means the total amount paid by the Corporation or an Affiliate to a Participant or Vested Former Participant (other than
amounts paid after Termination of Employment) with respect to any period of Credited Service as salary, wages, overtime, regular cash bonuses and commissions, lump sum payments in lieu of foregone merit increases, “bonus buyouts” as the
result of job changes, and any portion of such amounts voluntarily deferred or reduced by the Participant or Vested Former Participant under any employee benefit plan of the Corporation or Affiliate available to all levels of employees of the
Corporation or Affiliate on a non-discriminatory basis upon satisfaction of eligibility requirements and voluntarily deferred or reduced under any executive deferral plan of the Corporation or Affiliate (provided such amounts otherwise would not
have been excluded had they not been deferred), but excluding any pension, retainers, severance pay, special stay-on bonus payments, income derived from stock options, stock appreciation rights and dispositions of stock acquired thereunder, payments
dependent upon any contingency after the period of Credited Service and other special remunerations (including performance units). Compensation shall include elective amounts that are not includible in gross income of the Participant or Vested
Former Participant by reason of Sections 125, 132(f)(4), 402(e)(3), 402(h) or 403(b) of the Code. 
 In the case of a Participant or Vested
Former Participant who is transferred to an entity that is not an Affiliate during a year, Compensation shall be the amount earned by the Participant or Vested Former Participant prior to such transfer. If a Participant’s or Vested Former
Participant’s employment with the Corporation or an Affiliate is continued during a period of authorized leave of absence, for the purposes of determining Average Final Compensation, the Participant or Vested Former Participant shall be deemed
to continue to receive the Earnings he or she was receiving at the time such leave commenced. In all cases of paid leave, the Participant’s or Vested Former Participant’s Compensation during such period of leave shall be included for the
purposes of determining Average Final Compensation. 
 1.9 “Corporation” means The Dun & Bradstreet Corporation, a
Delaware corporation, and any successor or assigns thereto. 
 1.10 “Credited Service” means service from the date the Participant,
Former Participant or Vested Former Participant was employed by the Corporation or an Affiliate; in the case of an acquired business, however, the Participant’s, Former Participant’s or Vested Former 

  

 3 

 
Participant’s service with that business prior to the date of acquisition will not be counted unless the Chief Executive Officer or the Senior Human
Resources Executive of the Corporation approves recognition of such service as Credited Service for purposes of this Plan. Service after a Participant is removed from the Plan pursuant to Section 2 and before, if applicable, he or she is
reinstated as a Participant, shall not be included; provided, however, that the Period of Disability, if applicable, shall be included in Credited Service. A full month of Credited Service shall be credited for each partial month of service by a
Participant. 
 1.11 “Disability” or “Disabled” means with respect to any Participant, that he or she (i) has been
determined to be totally disabled by the Social Security Administration, or (ii) has been determined to be disabled in accordance with the Long-Term Disability Plan, so long as the standard for such a determination under that plan requires that
the Participant is unable to engage in any substantial gainful activity by reason of 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
twelve (12) months. 
 1.12 “Disability Benefit” means the benefit provided to certain Participants, Former Participants, and
Vested Former Participants pursuant to Section 5 of the Plan. 
 1.13 “Earnings” means the total amount paid by the
Corporation or any Affiliate to a Participant in the twelve (12) full calendar months immediately preceding the relevant determination date, (a) including salary, wages, regular cash bonuses and commissions, lump sum payments in lieu of
foregone merit increases, “bonus buyouts” as the result of job changes, and any portion of such amounts (i) voluntarily deferred or reduced by the Participant under any employee benefit plan of the Corporation or any Affiliate
available to all levels of employees of the Corporation and/or any Affiliate(s) on a non-discriminatory basis upon satisfaction of eligibility requirements or (ii) voluntarily deferred or reduced under any executive deferral plan of the
Corporation or any Affiliate (so long as such amounts would otherwise not have been excluded had they not been deferred), but (b) excluding any pension, retainer, severance pay, special stay-on bonus payment, income derived from stock options,
stock appreciation rights and restricted stock awards and dispositions of stock acquired thereunder, payment dependent upon any contingency after the period of Credited Service and other special remuneration (including performance units).

 1.14 “Election” means an election as to the form of benefit payment made pursuant to Section 4.5 of the Plan. 

1.15 “Election Date” means the date that a properly completed election form with respect to an Election is received by the
Corporation’s Compensation and Benefits Department. 
 1.16 “ERISA” means the Employee Retirement Income Security Act of 1974,
as amended. 
 1.17 “Former Participant” means an employee who has not completed five (5) or more years of Vesting Service at
the time his or her employment with the Corporation or an Affiliate terminates or at the time he or she was removed from further participation in the Plan. 
  

 4 

 1.18 “Former SEBP Participant” means a Participant or Vested Former Participant who is a former
participant in the SEBP and who had an accrued benefit in the SEBP as of June 30, 2007 that remains unpaid. 
 1.19 “Gross
Benefit” means the amount described in Section 4.2(b), as recalculated per Section 4.2(d), if applicable. 
 1.20
“Long-Term Disability Plan” means the long-term disability plan of the Corporation or any Affiliate. 
 1.21 “Long-Term
Disability Plan Benefit” means the amount of benefits actually payable to a Participant from the Long-Term Disability Plan. 
 1.22
“Normal Form” means, with respect to an annuity, a joint and 50% survivor annuity if the Participant or Vested Former Participant is married on the relevant measurement date, or a single life annuity if the Participant or Vested Former
Participant is not married on such date. 
 1.23 “Other Disability Income” means (a) the disability insurance benefit that the
Participant, Former Participant, or Vested Former Participant is entitled to receive under the Federal Social Security Act and (b) the disability income payable to a Participant, Former Participant, or Vested Former Participant from the
following sources: 
 (i) any supplemental executive disability plan of any Affiliate; and 
 (ii) any other contract, agreement or other arrangement with the Corporation or an Affiliate (excluding the Long-Term Disability Plan) to
the extent it provides disability benefits. 
 In no event shall Other Disability Income include any amounts to be taken into account as Other Retirement
Income under Section 1.24. 
 1.24 “Other Retirement Income” means: 
 (a) (i) the estimated Social Security retirement benefit that the Participant or Vested Former Participant would be eligible to
receive under the Federal Social Security Act as of the date of his or her Retirement, or (ii) if the Participant or Vested Former Participant is not eligible to receive a Social Security retirement benefit commencing on such date, the
estimated Social Security retirement benefit that would be payable at age sixty-two (62), based on the law as in effect as of the date of the Termination of Employment and reduced on an actuarially equivalent basis to the date of his or her
Retirement using the actuarial assumptions specified in Section 1.2(c) of The Dun & Bradstreet Corporation Retirement Account, assuming for purposes of (i) and (ii) above that for years prior to the Participant’s
employment with the Corporation or an Affiliate and for years following the Participant’s Termination of Employment with the Corporation or an Affiliate until the Participant attains age sixty-two (62), the Participant earned compensation so as
to accrue the maximum Social Security benefits, and 
  

 5 

 (b) the sum of the amounts that would be payable in a life annuity commencing at the same
time as payment of the benefits hereunder (as determined under Sections 4 and 8) on account of the Participant or Vested Former Participant under (i) the Pension Benefit Equalization Plan of Dun & Bradstreet Corporation (the
“PBEP”), (ii) the Retirement Account, (iii) any other qualified or nonqualified retirement plan, other than a defined contribution plan, of the Corporation or an Affiliate or any former Affiliate, and (iv) any other
contract, agreement or other arrangement with the Corporation or an Affiliate or any former Affiliate, other than a defined contribution plan, to the extent it provides retirement or pension benefits labeled as such therein. 
 1.25 “Participant” means an employee of the Corporation or an Affiliate who becomes a participant in the Plan pursuant to Section 2 and
has not been removed pursuant to Section 2.2. 
 1.26 “Period of Disability” means the period of time during which a
Participant, Former Participant or Vested Former Participant is eligible to receive a Disability Benefit under Section 5. 
 1.27
“Plan” means this Executive Retirement Plan of The Dun & Bradstreet Corporation, as amended from time to time. 
 1.28
“Potential Change in Control” means: 
 (a) the Corporation enters into an agreement, the consummation of which
would result in the occurrence of a Change in Control of the Corporation; 
 (b) any person (including the Corporation)
publicly announces an intention to take or to consider taking actions which if consummated would constitute a Change in Control of the Corporation; 
 (c) any person, other than a trustee or their fiduciary holding securities under an employee benefit plan of the Corporation (or a Corporation owned, directly or indirectly, by the stockholders of the Corporation in
substantially the same proportions as their ownership of stock of the Corporation), who is or becomes the beneficial owner, directly or indirectly, of securities of the Corporation representing nine and one half percent (9.5%) or more of the
combined voting power of the Corporation’s then outstanding securities, increases his or her beneficial ownership of such securities by five percent (5%) or more over the percentage so owned by such person; or 
 (d) the Board adopts a resolution to the effect that, for purposes of this Plan, a Potential Change in Control of the Corporation has
occurred. 
 1.29 “Retirement” means, after the completion of at least five
(5) years of Vesting Service, the later of (i) the fixed date that is the later of the Participant’s 55th birthday or the fifth
anniversary of the Participant’s commencement of participation in the Plan or (ii) Termination of Employment, other than at death. 
  

 6 

 1.30 “Retirement Account” means, as to any Participant or Vested Former Participant, The
Dun & Bradstreet Corporation Retirement Account or any defined benefit pension plan of the Corporation or an Affiliate, which is intended to meet the requirements of Section 401(a) of the Code and pursuant to which retirement benefits
are payable to such Participant or Vested Former Participant or to the Surviving Spouse or designated beneficiary of a deceased Participant or Vested Former Participant. 
 1.31 “Retirement Account Benefit” means the amount of benefits payable from the Retirement Account to a Participant or Vested Former Participant. 
 1.32 “Retirement Benefit” means the benefits provided to Participants and Vested Former Participants pursuant to Sections 4 and 8 of the Plan.

 1.33 “SEBP” means the Supplemental Executive Benefit Plan of The Dun & Bradstreet Corporation. 
 1.34 “Specified Key Employee” means a Participant or Vested Former Participant who, at the time of his or her Termination of Employment is a
“specified employee” as defined in Code Section 409A(a)(2)(B)(i). Specified Key Employees will be identified by the Corporation according to procedures adopted by the Board or the Committee applicable to all plans and agreements
sponsored by the Corporation that are subject to Code Section 409A. 
 1.35 “Surviving Spouse” means the spouse of a deceased
Participant or Vested Former Participant to whom such Participant or Vested Former Participant is legally married immediately preceding such Participant or Vested Former Participant’s death. 
 1.36 “Surviving Spouse’s Benefits” mean the benefits provided to a Participant’s or Vested Former Participant’s Surviving Spouse
pursuant to Section 6 of the Plan. 
 1.37 “Termination of Employment” means “separation from service” (within the
meaning of Section 409A of the Code) with the Corporation and its Affiliates, as determined by the Corporation in accordance with Treasury Regulation Section 1.409A-1(h). For purposes of the Plan: 
 (a) A Termination of Employment will occur on the date as of which the Corporation or its Affiliate reasonably anticipates that no further
services will be performed or that the level of bona fide services the Participant or Vested Former Participant will perform (whether as an employee or as an independent contractor) will permanently decrease to no more than twenty percent
(20%) of the average level of bona fide services performed (whether as an employee or as an independent contractor) over the immediately preceding 36-month period (or the full period of services to the Corporation or Affiliate, if less than
thirty-six (36) months). 
 (b) Notwithstanding the foregoing, a Termination of Employment will not occur if the
Participant or Vested Former 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 individual retains a right to reemployment
with the Corporation or an Affiliate under applicable statute or by contract. For purposes of this Section 1.37(b), a leave of 

  

 7 

 
absence is bona fide only if there is a reasonable expectation that the individual will return to perform services for the Corporation or Affiliate. If the
period of leave exceeds six (6) months and the individual does not retain a right to reemployment under statute or contract, the Termination of Employment is deemed to occur on the first date immediately following such six-month period. Where a
leave of absence is due to a Disability, a 29-month period shall apply for purposes of applying this Section 1.37(b). 
 (c) Unless the context clearly requires otherwise, the phrases “terminates employment,” “termination of employment,” and similar phrases refer to the Participant’s Termination of Employment. 
 1.38 “Vested Former Participant” means a former Participant who completed five (5) or more years of Vesting Service. 
 1.39 “Vesting Service” means Credited Service completed while an individual is a Participant in the Plan or during a Participant’s Period
of Disability. Vesting Service does not include any past service granted to a Participant when he or she enters the Plan for purposes of calculating Credited Service. Notwithstanding the foregoing, for any Former SEBP Participant, Vesting Service
includes all service with the Corporation or an Affiliate since the date of his or her hire, including, in the case of a Former SEBP Participant who terminates employment and is rehired, any service prior to such termination. 
 1.40 The masculine gender, where appearing in the Plan, will be deemed to include the feminine gender, and the singular may include the plural, unless
the context clearly indicates to the contrary. 
 Section 2. 
 Eligibility and Participation 
 2.1 All key management employees of the
Corporation and its Affiliates who are responsible for the management, growth or protection of the business of the Corporation and its Affiliates, who are on the Global Leadership Team (as designated in writing from time to time by the Board or by
the Chief Executive Officer of the Corporation) or who are designated by the Chief Executive Officer or the Senior Human Resources Executive of the Corporation in writing are eligible for participation in the Plan as of the effective date of such
designation. All such employees who participated in the SEBP and were actively employed by the Corporation or an Affiliate as of July 1, 2007 became Participants in the Plan as of July 1, 2007. 
 2.2 A Participant’s participation in the Plan shall terminate upon Termination of Employment. A Participant’s participation in the Plan shall
terminate prior to such Termination of Employment if he or she is given prior written notice of removal from participation in the Plan by the Chief Executive Officer or the Senior Human Resources Executive of the Corporation. As of the date a
Participant ceases further participation in the Plan, no further benefits shall accrue to such individual under the Plan and he or she will cease earning Vesting Service and/or Credited Service for purposes of the Plan. 
  

 8 

 Section 3. 
 Eligibility For Benefits 
 3.1 Each Participant or Vested Former Participant is eligible for a
Retirement Benefit under this Plan, as described in Section 4, upon Retirement, or upon Termination of Employment with the Corporation or an Affiliate before Retirement after completing five (5) or more years of Vesting Service.
Participants who do not complete five (5) or more years of Vesting Service are eligible, in certain circumstances, for a Retirement Benefit under this Plan, as described in Section 8, after a Change in Control. 
 3.2 Each Participant is eligible for a monthly Disability Benefit under this Plan, as described in Section 5, upon the commencement of benefits
under the Long-Term Disability Plan, except as limited by Section 5.3. 
 3.3 The Surviving Spouse of each Participant or Vested Former
Participant who has completed at least five (5) years of Vesting Service is eligible for a Surviving Spouse’s Benefit under this Plan, to the extent provided in Section 6, upon the death of the Participant or Vested Former
Participant. 
 3.4 Notwithstanding any other provision of the Plan to the contrary, no benefits or no further benefits, as the case may be,
shall be paid to a Participant, Vested Former Participant or Surviving Spouse if the Committee reasonably determines that such Participant or Vested Former Participant or the deceased spouse of such Surviving Spouse has: 
 (a) to the detriment of the Corporation or any Affiliate, directly or indirectly acquired, without the prior written consent of the
Committee, an interest in any other company, firm, association, or organization (other than an investment interest of less than one percent (1%) in any company), the business of which is in direct competition with any business of the
Corporation or an Affiliate, within two (2) years of the date of such Participant’s or Vested Former Participant’s Termination of Employment with the Corporation or any Affiliate; 
 (b) to the detriment of the Corporation or any Affiliate, directly or indirectly competed with the Corporation or any Affiliate as an
owner, employee, partner, director or contractor of a business, in a field of business activity in which the Participant or Vested Former Participant has been primarily engaged on behalf of the Corporation or any Affiliate or in which he or she has
considerable knowledge as a result of his or her employment by the Corporation or any Affiliate, either for his or her own benefit or with any person other than the Corporation or any Affiliate, without the prior written consent of the Committee,
within two (2) years of the date of such Participant’s or Vested Former Participant’s Termination of Employment with the Corporation or an Affiliate; or 
 (c) been discharged from employment with the Corporation or any Affiliate for “Cause.” “Cause” shall include the
occurrence of any of the following events or such other dishonest or disloyal act or omission as the Committee reasonably determines to be “Cause”: 
  

 9 

 (i) the Participant or Vested Former Participant has misappropriated any funds or
property of the Corporation or any Affiliate or committed any other act of willful malfeasance or willful misconduct in connection with his or her employment; 
 (ii) the Participant or Vested Former Participant has, without the prior knowledge or written consent of the Committee, obtained personal
profit as a result of any transaction by a third party with the Corporation or any Affiliate; 
 (iii) the Participant or
Vested Former Participant has sold or otherwise imparted to any person, firm, or corporation the names of the customers of the Corporation or any Affiliate or any confidential records, data, formulae, specifications and other trade secrets or other
information of value to the Corporation or any Affiliate derived by his or her association with the Corporation or any Affiliate; 
 (iv) the Participant or Vested Former Participant fails, on a continuing basis, to perform such duties as are requested by any employee to whom the Participant or Vested Former Participant reports or the Board; or 
 (v) the Participant or Vested Former Participant commits any felony or any misdemeanor involving moral turpitude. 
 In any case described in this Section 3.4, the Participant, Vested Former Participant or Surviving Spouse shall be given prior written notice that no benefits or no
further benefits, as the case may be, will be paid to such Participant, Vested Former Participant or Surviving Spouse. Such written notice shall specify the particular act(s), or failures to act, on the basis of which the decision to terminate
benefits has been made. 
 3.5 (a) Notwithstanding any other provision of the Plan to the contrary, a Participant or Vested Former
Participant who receives any portion of his or her Retirement Benefit in a lump sum pursuant to an Election shall receive such lump sum portion of his or her Retirement Benefit subject to the condition that if such Participant or Vested Former
Participant engages in any of the acts described in clause (i) or (ii) or (iii) of Section 3.4(c), then such Participant or Vested Former Participant shall, within sixty (60) days after written notice by the Corporation,
repay to the Corporation the amount described in Section 3.5(b). 
 (b) The amount described under this
Section 3.5(b) shall equal the difference, as determined by the Committee, between (i) the lump sum amount paid to the Participant or Vested Former Participant and (ii) present value of the total annuity payments that would have been
paid to the Participant or Vested Former Participant as of the date of the Corporation’s written notice described in Section 3.5(a) with respect to such lump sum amount, if that portion of his or her Retirement Benefit had instead been
paid in the form of an annuity. For this purpose, the value of the hypothetical annuity described in (ii) shall be calculated in the same manner as the lump sum described in (i) was calculated at the time it was paid. 
  

 10 

 Section 4. 
 Amount and Payment of Retirement Benefits 
 4.1 The Retirement Benefit provided by the Plan is
designed to provide each Participant and Vested Former Participant with an annual pension from the Plan and certain other sources equal to his or her Retirement Benefit as hereinafter specified. Thus, the Retirement Benefits described hereunder as
payable to Participants and Vested Former Participants will be offset by retirement benefits payable from sources outside the Plan as specified herein. 
 4.2 (a) The Retirement Benefit of a Participant or Vested Former Participant shall be an annual benefit equal to the Participant’s Gross Benefit reduced by his or her Other Retirement Income. 
 (b) A Participant’s Gross Benefit shall be whichever of the following amounts yields the greatest Retirement Benefit (after taking
into account any applicable reduction for early commencement): 
 (i) four percent (4%) of his or her Average Final
Compensation for each year of Credited Service, up to a maximum of ten (10) years of Credited Service, as reduced under Section 4.3, if applicable. 
 (ii) for a Former SEBP Participant who had attained age fifty (50) and had been credited with at least ten (10) years of Vesting
Service as of January 15, 1997 or a Former SEBP Participant whose age plus years of Vesting Service was equal to or greater than seventy (70) as of January 15, 1997, or other individuals designated by the Chief Executive Officer:
fifty percent (50%) of his or her Average Final Compensation plus two percent (2%) of such Average Final Compensation for each year of Credited Service completed prior to July 1, 2007 in excess of ten (10) years of Credited
Service but not in excess of fifteen (15) years of Credited Service. 
 (iii) for a Former SEBP Participant not described
in Section 4.2(b)(ii): forty percent (40%) of his or her Average Final Compensation with respect to his or her first ten (10) years of Credited Service completed prior to July 1, 2007, plus two percent (2%) of Average Final
Compensation for each year of Credited Service completed prior to July 1, 2007 in excess of ten (10) years of Credited Service completed prior to July 1, 2007 but not in excess of twenty (20) years of Credited Service. In no case
will the amount described in the previous sentence be lower than the Retirement Benefit accrued under the SEBP as of July 1, 2007. If such a Participant or Vested Former Participant retires before age sixty (60) without the
Corporation’s consent, his or her Retirement Benefit shall be reduced by three percent (3%) for each year of fraction thereof that Retirement commence prior to reaching age sixty (60). 
 (c) Any portion of the Retirement Benefit provided under this Section 4.2 payable in the form of an annuity pursuant to
Section 4.4 shall be payable in monthly installments and will commence on the first day of the calendar month coinciding with or next following the day of the Participant’s or Vested Former Participant’s Retirement, and any portion of
such Retirement Benefit payable in a lump sum pursuant to Section 4.4 shall be paid on the 

  

 11 

 
date that is sixty (60) days after the date annuity payments under this Section 4.2 commence, or would commence if any portion of the Retirement
Benefit were payable in the form of an annuity. Notwithstanding the foregoing, in the case of any Participant or Vested Former Participant who is a Specified Key Employee, no amount will be paid to him or her under the Plan upon Retirement prior to
the date immediately after the expiration of the six-month period following his or her Termination of Employment, except as permitted under Code Section 409A. Annuity payments, if applicable, otherwise due to the Participant or Vested Former
Participant during such six-month period will be accumulated with interest and paid to him or her in the seventh month following Termination of Employment. The applicable interest rate shall be the rate used for purposes of calculating the present
value of the portion of the Retirement Benefit payable in a lump sum, or the rate that would be used for such purpose if any portion of the Retirement Benefit was payable in a lump sum. 
 (d) A Participant’s, Former Participant’s or Vested Former Participant’s Gross Benefit shall be recalculated as of each
December 31 during or immediately following his or her Period of Disability, if applicable, until he or she has reached the earlier of (i) five (5) years of Vested Service and ten (10) years of Credited Service or (ii) age
65. To the extent any portion of the Participant’s, Former Participant’s or Vested Former Participant’s Retirement Benefit has been paid to him or her in a lump sum, the same portion of any additional Retirement Benefit due to him or
her as a result of the recalculation described in this Section 4.2(d) shall be paid to him or her on the anniversary of the original lump sum payment. To the extent any portion of the Participant’s, Former Participant’s or Vested
Former Participant’s Retirement Benefit is being paid to him or her in an annuity, the annuity will be adjusted to reflect this recalculation. 
 4.3 If a Participant or Vested Former Participant terminates employment with the Corporation or an Affiliate prior to attaining age fifty-five (55) or if he or she is a Former SEBP Participant who attained age fifty (50) on or
before July 1, 2007 (regardless of his or her age upon termination of employment with the Corporation or an Affiliate), the Gross Benefit amount described in Section 4.2(b)(i) (but not the amount described in Section 4.2(b)(ii) or
(iii)) will be reduced by fifteen percent (15%); provided, however, that such reduction will not be applied to the Retirement Benefit of any Participant who terminated employment by reason of his or her Disability. 
 4.4 (a) Except as provided under Section 4.4(b) or 4.4(c), a Retirement Benefit under this Plan shall be payable to a Participant or Vested Former
Participant in the Normal Form of annuity, based on his or her marital status as of the benefit commencement date. 
 (b) If a
Participant or a Vested Former Participant makes an Election pursuant to Section 4.5, a Retirement Benefit under this Plan shall be payable to such Participant or such Vested Former Participant in the form or combination of forms of payment
elected pursuant to such Election. A lump sum distribution of a Participant’s or Vested Former Participant’s Retirement Benefit under the Plan shall fully satisfy all present and future Plan liability with respect to such Participant or
Vested Former Participant and any Surviving Spouse for such portion or all of such Retirement Benefit so distributed. 
  

 12 

 (c) Notwithstanding any provision to the contrary herein, if the lump sum value,
determined in the same manner as provided under Section 4.5, of a Participant’s or Vested Former Participant’s Retirement Benefit, together with all Aggregate Amounts, does not exceed the applicable dollar amount designated by the
Internal Revenue Service (the “IRS”) under Code Section 402(g)(1)(B) ($16,500 for 2009) in effect at the time such benefit is payable under the Plan, such benefit and all Aggregated Amounts shall be paid in a lump sum when annuity
payments under Section 4.2 would otherwise commence, which shall result in the termination and liquidation of the Participant’s or Vested Former Participant’s Retirement Benefit. 
 4.5 A Participant may elect, on a form supplied by the Committee, to receive all, none, or a specified portion, as provided in Section 4.5(a), of
his or her Retirement Benefit under the Plan in a lump sum and to receive any balance of such Retirement Benefit in the form of an annuity; provided, that any such Election shall be effective for purposes of this Plan only if the conditions
of Section 4.5(b) or 4.5(c) are satisfied. A Participant may elect a payment form different than the payment form previously elected by him under this Section 4.5 by filing a revised election form; provided, that any such new
Election shall be effective only if the conditions of Section 4.5(c) are satisfied with respect to such new Election. Any prior Election made by a Participant that has satisfied the conditions of Section 4.5(b) or 4.5(c) remains effective
for purposes of the Plan until such Participant has made a new Election satisfying the conditions of Section 4.5(c). The amount of any portion of a Participant’s or a Vested Former Participant’s Retirement Benefit payable as a lump
sum under this Section 4.5 will equal the present value of such portion of the Normal Form of the Retirement Benefit, with such present value determined (i) based on a discount rate equal to eighty-five percent (85%) of the average of
the fifteen (15) year non-callable U.S. Treasury bond yields as of the close of business on the last business day of each of the three months immediately preceding the date the annuity value is determined and (ii) using the 1983 Group
Annuity Mortality Table, assuming all Participants are male. Except as otherwise provided herein, an Election under Section 4.5 shall be irrevocable when it is submitted. 
 (a) A Participant making an Election under Section 4.5 may specify the portion of his or her Retirement Benefit under the Plan to be
received in a lump sum as follows: zero percent (0%), twenty-five percent (25%), fifty percent (50%), seventy-five percent (75%) or one hundred percent (100%). The remainder of the Retirement Benefit, if any, shall be paid in the form of an
annuity, as described in Section 4.4(a). 
 (b) A Participant’s Election under Section 4.5 may be made on or
before the later of (i) January 1, 2009, or (ii) thirty (30) days after the date he or she first becomes eligible to participate in the Plan (but only if the Participant has less than four (4) years of Vesting Service at the
time the Election is made). Any Election made pursuant to Section 4.5(b)(ii) will become effective twelve (12) months after it is made. 
 (c) A Participant may make an Election after the last date specified in Section 4.5(b), but only if the following conditions are satisfied: (i) Participant’s Election becomes effective twelve
(12) months after it is made, (ii) such Participant does not reach Retirement or terminate employment prior to a date that is at least twelve (12) full calendar months after the Election Date of such Election, and (iii) except as
provided in Section 4.5(d), 

  

 13 

 
the Election delays payment of the Retirement Benefit for a period of at least five (5) years from the date the payment would otherwise have been made.

 (d) In the event a Participant who has made an Election pursuant to Section 4.5 dies at least twelve (12) months
after the Election is made and while employed by the Corporation or an Affiliate, Section 4.5(c)(iii) shall not apply. 
 Section 5.

 Disability Benefits 
 5.1 In the event that a Participant becomes Disabled, a Disability Benefit shall be payable to such Participant under the Plan, except as limited by Section 5.3. The Disability Benefit is designed to supplement each eligible
Participant’s disability benefits payable from other sources, and is therefore offset as described in Section 5.2. 
 5.2 The
Disability Benefit shall be payable in monthly installments during the period that the Participant is Disabled, until he or she returns to active employment, attains age sixty-five (65), or is no longer receiving benefits under the Long-Term
Disability Plan. The amount of each Disability Benefit installment shall be equal to one-twelfth of (a) sixty percent (60%) of the Participant’s Earnings, less (b) the annualized value of each of the following amounts, to the
extent each amount is or has become payable to the Participant, expressed as an annuity: (i) Long-Term Disability Plan Benefit, (ii) Other Disability Income, if any, (iii) Retirement Benefit, if any, paid under this Plan,
(iv) Other Retirement Income, if any. 
 5.3 Notwithstanding the above, in no event shall any Participant receive a Disability Benefit
if he or she was not enrolled for the maximum disability insurance coverage available under the Long-Term Disability Plan at the time of disability, or if he or she has not maintained such coverage through the time of Termination of Employment,
unless the Participant was not then eligible for coverage under the Long-Term Disability Plan. 
 Section 6. 
 Surviving Spouse’s Benefit 
 6.1 Upon the death of a Participant or Vested Former Participant for whom payment of the Retirement Benefit has commenced in the form of a joint and 50% survivor annuity, the only death benefit provided by this Plan shall be the survivor
portion of such annuity. No death benefit shall be provided by the Plan upon the death of a Participant or Vested Former Participant for whom payment of the Retirement Benefit commenced in any other form prior to death. 
 6.2 Upon the death of a Participant or Vested Former Participant who has completed at least five (5) years of Vesting Service with the Corporation
or an Affiliate and has attained age fifty-five (55), but for whom payment of the Retirement Benefit has not commenced, his or her Surviving Spouse will be entitled to a Surviving Spouse’s Benefit under this Plan equal to fifty percent
(50%) of the Retirement Benefit that would have been provided 

  

 14 

 
from the Plan had the Participant or Vested Former Participant commenced payment of the Retirement Benefit on the date of his or her death. Except as
provided in Section 6.4, payment of the Surviving Spouse’s Benefit will be made in a straight life annuity based on the life of the Surviving Spouse and will commence as of the first day of the month following the death of the Participant
or Vested Former Participant. 
 6.3 Upon the death of a Participant or Vested Former Participant who has completed at least five
(5) years of Vesting Service with the Corporation or an Affiliate and has not attained age fifty-five (55), his or her Surviving Spouse will be entitled to a Surviving Spouse’s Benefit under this Plan equal to fifty percent (50%) of
the Retirement Benefit that would have been provided from the Plan had the Participant or Vested Former Participant terminated employment with the Corporation or an Affiliate on the date of his or her death. Except as provided in Section 6.4,
such Surviving Spouse’s Benefit will be made in a straight life annuity based on the life of the Surviving Spouse and will commence as of the first day of the month coincident with or next following the month in which the Participant or Vested
Former Participant would have attained age fifty-five (55). 
 6.4 (a) If a Participant or a Vested Former Participant, while he or she was a
Participant, has made an Election effective under Section 4.5, the Surviving Spouse’s Benefit payable to a Surviving Spouse of such Participant or Vested Former Participant will be payable in the form or combination of forms of payment so
elected by such Participant or Vested Former Participant pursuant to such Election. The amount of any lump sum payment under this Section 6.4 shall be the present value of the applicable portion of the Surviving Spouse’s Benefit payable
under the Plan, as defined in this Section 6, and such present value shall be determined using the actuarial assumptions set forth in Section 4.5. Any lump sum distribution of a Surviving Spouse’s Benefit under the Plan shall fully
satisfy all present and future Plan liability with respect to such Surviving Spouse for such portion or all of such Surviving Spouse’s Benefit so distributed. 
 (b) Any portion of a Surviving Spouse’s Benefit provided under Section 6.2 or 6.3, which is payable as an annuity shall be paid
in the manner and at such time as set forth in Section 6.2 or 6.3, as applicable, and any such benefit which is payable as a lump sum shall be paid sixty (60) days after the date when annuity payments commence, or would commence if any
portion of such Surviving Spouse’s Benefit were payable as an annuity as set forth in Section 6.2 or 6.3, as applicable. 
 6.5
Notwithstanding the foregoing provisions of Section 6, the amount of a Surviving Spouse’s Benefit shall be reduced by one (1) percentage point for each year (including a half year or more as a full year) in excess of ten
(10) that the age of the Participant or Vested Former Participant exceeds the age of the Surviving Spouse. 
 Section 7.

 Funding 
 7.1 The Plan is unfunded, and the Corporation will make Plan benefit payments solely on a current disbursement basis, provided, however, that the Corporation 

  

 15 

 
reserves the right to purchase insurance contracts, which may or may not be in the name of a Participant or Vested Former Participant, or establish one or
more trusts to provide alternative sources of benefit payments under this Plan, provided, further, however, that upon the occurrence of a “Potential Change in Control” the appropriate officers of the Corporation are authorized to make such
contributions to such trust or trusts as are necessary to fund the lump sum distributions to Participants, Vested Former Participant and Surviving Spouses required pursuant to this Plan in the event of a Change in Control. In determining the amount
of the necessary contribution to the trust or trusts in the event of a Potential Change in Control, the following actuarial assumptions shall be used: 
 (a) the interest rate used shall be the interest rate used by the Pension Benefit Guaranty Corporation for determining the value of immediate annuities as of January 1st of the year of the occurrence of the
Potential Change in Control; 
 (b) the 1983 Group Annuity Mortality Table shall be used, assuming all Participants are male;
and 
 (c) it shall be assumed that all Participants will retire or terminate employment with the Corporation as soon as
practicable after the occurrence of the Potential Change in Control and with the Corporation’s consent and that no reduction under Section 4.2(b)(iii) or Section 4.3 shall be made in a Participant’s or Vested Former
Participant’s Retirement Benefit. 
 7.2 The existence of any such insurance contracts, trust or trusts shall not relieve the
Corporation of any liability to make benefit payments under this Plan, but to the extent any benefit payments are made from any such insurance contract in the name of the Corporation or any Affiliate or from any such trust, such payment shall be in
satisfaction of and shall reduce the Corporation’s liabilities under this Plan. Further, in the event of the Corporation’s bankruptcy or insolvency, all Participants, Vested Former Participants and Surviving Spouses shall be entitled to
share in the Corporation’s assets in the same manner and to the same extent as general unsecured creditors of the Corporation. 
 7.3
Participants and Vested Former Participants shall have the status of general unsecured creditors of the Corporation and this Plan constitutes a mere promise by the Corporation to make benefit payments at the time or times required hereunder. It is
the intention of the Corporation that this Plan be unfunded for tax purposes and for purposes of Title I of the ERISA and any trust created by the Corporation in meeting its obligations under the Plan shall meet the requirements necessary to
retain such unfunded status. 
 Section 8. 
 Change in Control 
 8.1 In the event of a Change in Control, the provisions of this
Section 8 shall apply notwithstanding any provisions in the Plan to the contrary. 
 8.2 Upon the occurrence of a Change in Control:

  

 16 

 (a) If a Participant has less than five (5) years of Vesting Service at the time of
a Change in Control, such Participant shall be entitled to a Retirement Benefit under Section 4.2(a), based on a Gross Benefit equal to twenty percent (20%) of his or her Average Final Compensation. 
 (b) The provisions of Section 3.4(a) and (b) shall not apply to any Participant, Vested Former Participant or Surviving Spouse.

 (c) Each Participant, Vested Former Participant and Surviving Spouse shall receive within thirty (30) days of the date
of the Change in Control, a lump sum distribution equal to the present value of his or her accrued Retirement Benefit or Surviving Spouse’s Benefit under the Plan, to the extent it has not already been paid, as of the date of the Change in
Control. For purposes of the determining the commencement date of the hypothetical Retirement Benefit referenced in the preceding sentence, a Participant shall be deemed to have had a Termination of Employment on the date of the Change in Control.

 In determining the amount of the lump sum distributions to be paid under this Section 8, the actuarial assumptions described in Section 7 shall
be used. 
 Section 9. 
 Committee 
 9.1 The Committee shall be responsible for the administration of the Plan. 
 9.2 The members of the Committee may, from time to time, allocate responsibilities among themselves, and may delegate to any management committee,
employee, director or agent its responsibility to perform any act hereunder, including, without limitation, those matters involving the exercise of discretion, provided that such delegation shall be subject to revocation at any time at its
discretion. 
 9.3 The Committee (and its delegees) shall have the exclusive authority to interpret the provisions of the Plan and construe
all of its terms (including, without limitation, all disputed and uncertain terms), to adopt, amend, and rescind rules and regulations for the administration of the Plan, and generally to conduct and administer the Plan and to make all
determinations in connection with the Plan as may be necessary or advisable. All such actions of the Committee shall be conclusive and binding upon all Participants, Former Participants, Vested Former Participants, Surviving Spouses and any other
interested parties. All deference permitted by law shall be given to such interpretations, determinations and actions. 
 9.4 The procedure
for presenting claims under the Plan and appealing denials thereof is set forth in Appendix A. 
 9.5 Any person, corporation or other entity
may serve in more than one (1) fiduciary capacity under the Plan. 
  

 17 

 Section 10. 
 Miscellaneous 
 10.1 The Committee may, in its sole discretion, terminate, suspend or amend
this Plan at any time or from time to time, in whole or in part, to the fullest extent permitted under Code Section 409A. The Committee may delegate its authority to amend the Plan at any time, in its sole discretion. The Chief Executive
Officer of the Corporation shall have the authority to amend Section 2.1 of the Plan to add restrictions on eligibility for participation in the Plan and to remove restrictions previously added to Section 2.1 pursuant to the authority
granted in this sentence. Notwithstanding the foregoing, no termination, suspension or amendment of the Plan may adversely affect a Participant’s or Vested Former Participant’s vested benefit under the Plan, or a retired Participant’s
or Vested Former Participant’s right or the right of a Surviving Spouse to receive or to continue to receive a benefit in accordance with the Plan as in effect on the date immediately preceding the date of such termination, suspension or
amendment. The preceding sentence shall not restrict in any way the Committee’s discretion to amend or delete Section 7 or 8 of the Plan at any time prior to a Change in Control to the fullest extent permitted under Code Section 409A.

 10.2 Nothing contained herein will confer upon any Participant, Former Participant or Vested Former Participant the right to be retained
in the service of the Corporation or any Affiliate, nor will it interfere with the right of the Corporation or any Affiliate to discharge or otherwise deal with Participants, Former Participants or Vested Former Participants with respect to matters
of employment without regard to the existence of the Plan. 
 10.3 To the maximum extent permitted by law, no benefit under the Plan shall be
assignable or subject in any manner to alienation, sale, transfer, claims of creditors, pledge, attachment or encumbrances of any kind. 
 10.4 The Corporation may withhold from any benefit under the Plan an amount sufficient to satisfy its tax withholding obligations under any applicable federal, state, local or foreign law or regulation. In addition, the Corporation may
withhold from any wages or other compensation payable to a Participant or Vested Former Participant an amount sufficient to satisfy its tax withholding obligations, including but not limited to its obligations under the Federal Insurance
Contributions Act, with respect to benefits accrued under the Plan prior to the date such benefits are paid. 
 10.5 The Plan is established
under and will be construed according to the laws of the State of New Jersey, without regard to principles of conflicts of law, to the extent such laws are not preempted by ERISA. By claiming a right to benefits under the Plan, any Participant,
Vested Former Participant, Surviving Spouse or beneficiary of such person agrees to submit to the exclusive jurisdiction and venue of any state or federal court in New Jersey to resolve disputes arising hereunder. 
 10.6 For tax purposes and for purposes of Title I of ERISA, the Plan is intended to qualify as an unfunded “top-hat” plan maintained primarily
for the purpose of providing deferred compensation for a select group of management or highly-compensated employees and shall be interpreted accordingly. 
  

 18 

 10.7 The Plan is intended to comply with Code Section 409A and the interpretative guidance
thereunder and shall at all times be interpreted and administered in accordance with such intent. To the extent that any provision of the Plan violates Code Section 409A, such provision shall be automatically reformed, if possible, to comply
with Code Section 409A or stricken from the Plan. If an operational failure occurs with respect to Code Section 409A requirements, any affected Participant, Vested Former Participant or Surviving Spouse shall fully cooperate with the
Corporation to correct the failure, to the extent possible, in accordance with any correction procedure established by the IRS. 
 10.8
Notwithstanding any other provision in the Plan, the Committee, to the extent it deems necessary or advisable in its sole discretion, reserves the right, but shall not be required, to unilaterally amend or modify the Plan and any benefit granted
under the Plan so that the benefit qualifies for exemption from or complies with Code Section 409A; provided, however, that the Committee makes no representations that benefits granted under the Plan shall be exempt from or comply with Code
Section 409A and makes no undertaking to preclude Code Section 409A from applying to benefits granted under the Plan. 
 10.9
Notwithstanding any provision herein to the contrary, the Committee may, in its sole discretion, accelerate the payment of a Participant’s or Vested Former Participant’s Retirement Benefit to the extent permitted under the Treasury
Regulations promulgated under Code Section 409A. No Participant or Vested Former Participant shall have an election, direct or indirect, with respect to any such acceleration. 
  

 19 

 Appendix A. Claims Procedures 
 The procedure for presenting claims under the Plan and appealing denials thereof shall be as follows: 
 (a)
Filing of Claims. Any Participant, Former Participant, Vested Participant or Surviving Spouse, or his authorized representative, (the “claimant”) may file a written claim for a Plan benefit with the Committee or its delegated and
authorized representative which is responsible for the administration of the Plan (the “Plan Administrator”) Claims shall be determined in accordance with the terms of the Plan, which will be applied consistently with respect to similarly
situated claimants. Claimants must use and exhaust the Plan’s administrative claims and review procedure before bringing suit in either state or federal court. 
 (b) Claims for Benefits Not Based on Disability. The Plan Administrator will give each claimant’s request for benefits a full and fair review. If the Plan Administrator denies a claim, in whole or part, it will
furnish a written notice of the denial to the claimant. The written notification shall be given to the claimant within ninety (90) days after receipt of the claim by the Plan Administrator unless special circumstances require an extension of
time for processing, in which case written notice of the extension shall be furnished to the claimant prior to the termination of the original ninety (90) day period, and such notice shall indicate the special circumstances which make the
postponement appropriate and the date by which the Plan Administrator expects to render a decision. In no event may the extension exceed a period of ninety (90) days from the end of the initial ninety (90) day period. 
 If a claim is denied, the written notice will contain the following information: 
  

	 	(i)	the specific reason or reasons for the denial; 

  

	 	(ii)	specific reference to the pertinent Plan provisions on which the denial is based; 

  

	 	(iii)	a description of any additional material or information necessary for the claimant to perfect a claim and an explanation of why such material or information is necessary; and

  

	 	(iv)	a description of the Plan’s review procedures and applicable time limits and a statement that the claimant has the right to bring a civil action under Section 502(a) of
ERISA, following an adverse benefit determination on review. 

 If a claim is denied, the claimant may file for a review as
described in the following subsection (c). 
 (c) Right of Review of Claim for Benefits Not Based on Disability. In the event of a denial of
benefits, the claimant shall be permitted to review the pertinent documents and to submit to the Plan Administrator issues and comments in writing. In addition, the 

  

 20 

 
claimant may make a written request for a full and fair review of his claim and its denial by the Committee. Such written request must be received by the
Committee within sixty (60) days after receipt by the claimant of written notification of the denial of the claim. The claimant may submit written comments, documents, records and other information relating to the claim for benefits, whether or
not those comments, documents, records or other information were submitted in connection with the initial claim. The claimant will be provided, upon request and free of charge, reasonable access to, and copies of, all documents, records and other
information relevant to the claim for benefits. The claim for review will be given a full and fair review and will take into account all comments, documents, records and other information submitted by the claimant regarding the claim, without regard
to whether such information was submitted or considered in the initial benefit determination. 
 A decision shall be rendered by the Committee no later than
the date of the meeting of the Committee that immediately follows the Plan’s receipt of a request for review, unless the request for review is filed within thirty (30) days preceding the date of such meeting, in which case the decision
shall be rendered not later than the date of the second meeting following the Plan’s receipt of the request for review. If special circumstances require a further extension of time for processing, a benefit determination shall be rendered not
later than the third meeting of the Committee following the Plan’s receipt of the request for review. If such an extension is required, the Plan Administrator shall provide the claimant with written notice of the extension, describing the
special circumstances and the date as of which the benefit determination will be made, prior to commencement of the extension. The Plan Administrator will notify the claimant of the benefit determination as soon as possible, but not later than five
(5) days after the determination is made. 
 Any decision by the Committee shall be furnished to the claimant in writing in a manner calculated to be
understood by the claimant and shall set forth the specific reason(s) for the decision and the specific Plan provision(s) on which the decision is based. If the claim for benefits is denied on review, the claimant will receive written notice of the
denial. The notice will include the following information: 
  

	 	(i)	the specific reason or reasons for the denial; 

  

	 	(ii)	specific reference to the pertinent Plan provisions on which the denial is based; 

  

	 	(iii)	a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to
the claim for benefits; and 

  

	 	(iv)	a statement of the claimant’s right to bring a civil action under ERISA Section 502(a). 

 (d) Claim for Benefits Based on Disability. Any claim for benefits based on Disability will be reviewed under an expedited process similar to the one
described above for 

  

 21 

 
regular claims. A claim is considered to be “based on Disability” if a Participant must be Disabled within the meaning of the Plan in order to
receive the benefit. 
 A claimant must make a written claim for benefits based on Disability to the Plan Administrator. The Plan Administrator will give
each claimant’s request for benefits a full and fair review. If the Plan Administrator denies a claim, in whole or part, it will furnish a written notice of the denial to the claimant. The written notification shall be given to the claimant
within a reasonable period of time, but not later than forty-five (45) days after receipt of the claim by the Plan Administrator unless the Plan Administrator determines that an extension is necessary due to matters beyond its control, in which
case written notice of an extension for up to thirty (30) days will be furnished to the claimant prior to the end of the initial forty-five (45) day period. If, prior to the end of the first thirty (30) day extension period, the Plan
Administrator determines that, due to matters beyond its control, a decision cannot be rendered within that extension period, the period for making the determination may be extended for up to an additional thirty (30) days, provided that the
Plan Administrator notifies the claimant, prior to the expiration of the first thirty (30) day extension period. Any notice of extension shall indicate the special circumstances which make the postponement appropriate and the date by which the
Plan Administrator expects to render a decision. Any notice of extension will explain the standards on which entitlement to a benefit are based, the unresolved issues that prevent the Plan Administrator from making a decision, and the additional
information needed by the Plan Administrator to resolve those issues. The claimant will have at least forty-five (45) days to furnish that information after receipt of the notice. In no event may an extension exceed a total of one hundred and
five (105) days from the date of the original receipt of the claim. 
 If a claim is denied, the written notice will contain the
following information: 
  

	 	(i)	the specific reason or reasons for the denial; 

  

	 	(ii)	specific reference to the pertinent Plan provisions on which the denial is based; 

  

	 	(iii)	a description of any additional material or information necessary for the claimant to perfect a claim and an explanation of why such material or information is necessary;

  

	 	(iv)	appropriate information as to the steps to be taken if the claimant wishes to submit his claim for review and that the claimant has the right to bring a civil action under
Section 502(a) of ERISA, following an adverse benefit determination on review; 

  

	 	(v)	a statement describing any internal rule, guideline, protocol, or other similar criterion that was applied upon in making the adverse determination, or that a copy of it will be
provided free of charge to the claimant upon request; 

  

 22 

	 	(vi)	if the adverse benefit determination is based on a medical necessity or experimental treatment or similar exclusion or limit, either an explanation of the scientific or clinical
judgment for the determination, applying the terms of the plan to the claimant’s medical circumstances, or a statement that such explanation will be provided free of charge upon request. 

 If a claim is denied, the claimant may file for a review as described in the following subsection (e). 
 (e) Right of Review of Claim for Benefits Based on Disability. In the event of a denial of benefits, the claimant shall be permitted to review the
pertinent documents and to submit to the Plan Administrator issues and comments in writing. In addition, the claimant may make a written request for a full and fair review of his claim and its denial by the Plan Administrator. Such written request
must be received by the Committee within one hundred and eighty (180) days after receipt by the claimant of written notification of the denial of the claim. The claimant may submit written comments, documents, records and other information
relating to the claim for benefits, whether or not those comments, documents, records or other information were submitted in connection with the initial claim. The claimant will be provided, upon request and free of charge, reasonable access to, and
copies of all documents, records or other information relevant to the claim for benefits. The claim for review will be given a full and fair review and will take into account all comments, documents, records and other information submitted by the
claimant regarding the claim, without regard to whether such information was submitted or considered in the initial benefit determination. The review will not afford deference to the initial adverse benefit determination and that will be conducted
by the Committee. In deciding an appeal of any adverse benefit determination that is based in whole or in part on a medical judgment, the Committee shall consult with a health care professional who has appropriate training and experience in the
field of medicine involved in the medical judgment. Any medical or vocational experts whose advice was obtained on behalf of the Plan in connection with a claimant’s adverse benefit determination will be identified to the claimant, without
regard to whether the advice was relied upon in making the benefit determination. Any health care professional engaged for purposes of a consultation shall be an individual who is neither an individual who was consulted in connection with the
adverse benefit determination that is the subject of the review, nor the subordinate of any such individual. 
 A decision shall be rendered by the Committee
within forty-five (45) days after the receipt of the request for review. However, where special circumstances outside of the Committee’s control make a longer period for decision necessary or appropriate, the Committee’s decision may
be postponed on written notice to the claimant (prior to the expiration of the initial forty-five (45) day period) for an additional forty-five (45) days. Such notice shall describe the circumstances requiring the extension of time and the
date by which the Committee expects to render a decision. In no event shall the Committee’s decision be rendered more than ninety (90) days after the receipt of the request for review. 
 Any decision by the Committee shall be furnished to the claimant in writing in a manner calculated to be understood by the claimant and shall set forth the specific
reason(s) for the decision and the specific Plan provision(s) on which the decision is based. If the claim for 

  

 23 

 
benefits based on Disability is denied on review, the claimant will receive written notice of the denial. The notice will include the following information:

  

	 	(i)	the specific reason or reasons for the denial; 

  

	 	(ii)	specific reference to the pertinent Plan provisions on which denial is based; 

  

	 	(iii)	a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to
the claim for benefits; 

  

	 	(iv)	a statement of any voluntary appeal procedures offered by the Plan and the claimant’s right to obtain information about the procedures and to bring a civil action under ERISA
Section 502(a); 

  

	 	(v)	a statement describing any internal rule, guideline, protocol, or other similar criterion that was applied upon in making the adverse determination, or that a copy of it will be
provided free of charge to the claimant upon request; 

  

	 	(vi)	if the adverse benefit determination is based on a medical necessity or experimental treatment or similar exclusion or limit, either an explanation of the scientific or clinical
judgment for the determination, applying the terms of the plan to the claimant’s medical circumstances, or a statement that such explanation will be provided free of charge upon request; and 

  

	 	(vii)	the following statement: “You and your plan may have other voluntary alternative dispute resolution options, such as mediation. One way to find out what may be available is to
contact your local U.S. Department of Labor Office and your State insurance regulatory agency.” 

  

 24

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