Document:

Separation Letter Agreement (Robert A. Ruijter)

 Exhibit 10.7 
  

					
		  		  	

			
		  		  	    Greg L. Anderson
		  		  	    Chief Human Resources Officer

 April 20, 2007 
 Mr. Robert Ruijter 
 c/o The Nielsen Company B.V. 
 770 Broadway 
 New York, New York 10003 
 Dear Rob:

 This letter agreement sets forth the mutual agreement that has been reached between you and The Nielsen Company B.V. and The Nielsen
Company (US), Inc. regarding your termination of employment from these companies and the payments with relation to your termination that will be determined as set forth in your Termination Protection Agreement dated May 23, 2006, by and between
the Company (then known as VNU N.V.), as amended by letter dated May 24, 2006 (TPA). All capitalized terms not otherwise defined herein shall have the meaning set forth in the TPA. The Company acknowledges your right to benefits under the TPA,
and this letter is intended to confirm our understanding and agreement with respect to your separation from service with The Nielsen Company B.V. and The Nielsen Company (US), Inc. and their subsidiaries (collectively, the “Company”)
as follows: 
 1. Transition Services, Effective Date of Separation from Service. 
 (a) Following the date of this letter through September 30, 2007, unless the parties shall mutually agree otherwise in writing (such period, the
“Transition Period”), the Company shall continue to employ you as an employee. You shall continue to be paid at the same rate of base salary through August 31, 2007, after which no further base salary shall be paid, and you shall
continue to be provided with the same employee benefits as you currently enjoy through the last day of the Transition Period. During the Transition Period, you agree to provide such services as may reasonably be requested under the circumstances by
the board of directors or chief executive officer of the Company including, without limitation, assisting in the transition of your duties to the applicable successors to such duties. 
  

					
		  		  	 The Nielsen Company
 770 Broadway New York, New
York 10003
 [ILLEGIBLE]

 

 
 (b) This letter will confirm and serve as your letter of resignation, effective as of the last day of the
Transition Period, from all positions you hold with the Company. Your employment with the Company shall terminate on the last day of the Transition Period, which date shall constitute your Termination Date upon a Change in Control Termination for
all purposes of the TPA. On or before your Termination Date, you will return to the Company all Company property (other than your home computer, which you may retain), and all Company confidential information in your possession, except as otherwise
mentioned in this agreement. 
 2. Payments and Benefits. In connection with the foregoing, you and the Company agree to the
following: 
 (a) Effective as of August 31, 2007, you shall be entitled to receive the following payments and benefits from the Company
due to you under Section 2(b) and 3 of the TPA, each of which shall be paid or provided on or before September 10, 2007, except to the extent a different date is specifically provided for herein, or to the extent that the Final Treasury
Regulations under Internal Revenue Code Section 409A require that any portion of the payments described below that are from US sources be treated as “deferred compensation” for purposes of such regulations and be deferred for six
months from the date of your separation from service. For the avoidance of doubt, this will confirm that, unless a different result is required by applicable law, all payments referenced under this paragraph (a) shall be sourced and paid 75%
from the U.S. payroll (in $U.S.) and 25% from the Netherlands payroll (in Euros). This will further confirm that the payments referenced in clauses (a)(i), (a)(ii) and (a)(iii) below will be paid as part of the August 31, 2007 U.S. payroll, to
the extent sourced from the U.S. payroll, and will be paid as part of the normal September payroll, to the extent sourced from the Netherlands payroll. 
 (i) In respect of the payment described in Section 2(b)(v) of the TPA, an amount equal to €1,449,528, which represents a gross payment due of €1,895,300, less a payment in U.S. dollars having a value
equal to €445,772 that has previously been paid (net of applicable withholding for taxes); and 
 (ii) In respect of the payment
described in Section 2(b)(vi) of the TPA (your annual incentive), a lump sump amount equal to €312,904; and 
 (iii) In respect of
the payment described in Section 3(a) of the TPA under the Company’s long-term incentive plan for the performance period of 2005 through 2007, an amount equal to €2,237,405. 
 (iv) For the avoidance of doubt, this will confirm that you shall also be entitled to receive the applicable payments and benefits, described under TPA
Sections 2(b)(iii) (relating to earned and unpaid and/or vested or nonforfeitable amounts under Company plans or programs), 2(b)(iv) (relating to unreimbursed business expenses), and 4 (relating to tax gross-up, if applicable). 

 

 
 (b) In addition to the foregoing, you and the Company agree to the following: 
 (i) You will be reimbursed for monthly lease payments for the New York apartment that you currently occupy according to current Company practice through
September 30, 2007. You will also be reimbursed for lease cancellation charges presuming you provide notice to your landlord of your intent to vacate the apartment upon execution of this agreement. When you vacate the apartment, the Company
will pay normal Senior Executive repatriation costs to including reasonable shipping costs to move household goods to one Netherlands-based location, according to policy. 
 (ii) The Company will continue to make the monthly lease payments on your current automobile through September 30, 2007. You will return the car to the Company upon your termination in good condition. The Company
will pay lease termination fees. 
 (iii) The Company will reimburse you for up to $20,000 of tax and financial planning expenses for 2007
and 2008 for expenses that you incur in connection with the preparation of 2006 and 2007 returns. 
 (iv) You will receive a pension payment
distributed as follows: €1,258,589 in the United States which will be grossed-up at the appropriate maximum marginal tax rate and € 419,530 in the Netherlands, which will not be grossed-up. These payments will be made to you as soon as
practical after your termination date, and in no event later than January 15, 2008. 
 (v) As mentioned in your Termination Protection
Agreement, Section 2(b)(vii), you are eligible for continued medical benefits coverage. If you are ineligible under the terms of the company’s benefit plans, the company will act as indicated under that section of the TPA. If a
reimbursement is necessary, you will receive a tax gross up for this amount. 
 3. Full Satisfaction. You hereby acknowledge and agree
that, upon the payments of the amounts described in this agreement, and legal fees and expenses incurred by you in connection with the preparation of this Agreement, or that may otherwise be due to you in accordance with Section 6(i) of the
TPA, the Company shall have satisfied all obligations it may have to you in respect of your employment with the Company or separation therefrom, and you will be entitled to no other or further compensation, remuneration, payments or benefits of any
kind; provided that the foregoing shall not affect or diminish in any way your continuing right to indemnification by the Company to the same extent currently available under the Company’s by-laws and any insurance policies maintained by or on
behalf of the Company, or under applicable law for actions taken or omissions made as an employee or director of the Company. 

 

 
 4. Miscellaneous. This letter is intended to confirm the specific obligations the Company has to you
under the TPA, and as such constitutes a supplement to your TPA. The provisions of Section 6 of the TPA are incorporated by reference herein. All payments made hereunder will be subject to applicable tax withholding. 
 If this letter correctly sets forth your understanding of our agreement with respect to the foregoing matters, please so indicate by signing below on the
line provided for your signature. Steve, we greatly appreciate the contributions you have made to the Company over the years, and wish you all the best for the future. 
  

			
	Very truly yours,
	
	The Nielsen Company B.V.
	The Nielsen Company(US), Inc.
		
	By:	 	 /s/ Greg Anderson

	Name:	 	Greg Anderson
	Title:	 	Chief Human Resources Officer

  

	
	Reviewed, approved and agreed.
	
	 /s/ Robert Ruijter

	Robert RuijterSeparation Letter Agreement (Earl H. Doppelt)

 Exhibit 10.8 
 EXECUTION COPY 
 VNU Group B.V. 
 770 Broadway 
 New York, New York 10003 
 October 25, 2006 
 Mr, Earl Doppelt

 c/o VNU Group B.V. 
 770 Broadway 
 New York, New York 10003 
 Dear Earl: 
 You have advised VNU Group B.V. of your desire to resign your employment with the Company for “Good Reason” as defined in that certain
Termination Protection Agreement dated November 1, 2005 by and between the Company and you (the “TPA”). All capitalized terms not otherwise defined herein shall have the meaning set forth in the TPA. The Company acknowledges your
right to benefits under the TPA, and this letter is intended to confirm our understanding and agreement with respect to your separation from service with VNU N.V. and its subsidiaries (collectively, the “Company”) as follows:

 1. Transition Services, Effective Date of Separation from Service. 
 (a) Following the date of this letter through November 10, 2006, unless the parties shall mutually agree otherwise (such period, the ‘Transition
Period”), the Company shall continue to employ you as an employee, and as such shall continue to provide you with the same rate of base salary and employee benefits as you currently enjoy during such time. Also during the Transition Period, you
agree to provide such services as may reasonably be requested under the circumstances by the board of directors and chief executive officer of the Company including, without limitation, assisting in the transition of your duties as Executive Vice
President and Chief Legal Officer of the Company to the applicable successors to such duties. 
 (b) On the last day of the Transition
Period, you hereby agree to resign from all positions you hold with the Company, and your employment with the Company shall terminate on such date. For purposes of Section 2(c) of your TPA, (i) the handwritten letter from you to Simon
Brown dated September 14, 2006 shall be deemed to constitute your Notice of Termination, and (ii) the last day of the Transition Period shall constitute your Termination Date upon a Change in Control Termination. 
 2. Payments and Benefits. In connection with the foregoing, you and the Company agree to the following: 
 (a) Effective as of your Termination Date, you shall be entitled to receive all payments and benefits due to you under Section 2(b) of the TPA, which
shall include, without limitation, the following cash severance payments payable on November 10, 2006 as part of your normal payroll payment, in the following amounts: 
 (i) The amount described in Section 2(b)(v), which shall equal $3,502,500.00; 

 (ii) The amount described in 2(b)(vi), which shall equal the product of (x) $500,000 and (y) a
fraction, the numerator of which shall equal the number of days you were employed by the Company from January 1, 2006 through the last day of the Transition Period, and the denominator of which shall equal the number of days beginning from
January 1, 2006 and ending on December 31, 2006 (which amount shall equal $430,137 on November 10, 2006 and be paid on that date); and 
 (iii) The amount described in Section 3(a), which shall equal the sum of (x) in respect of the payment to which you are entitled under the Company’s long-term incentive plan for the performance period
of 2005 and 2006, the product of (I) $500,000 and (II) a fraction, the numerator of which shall equal the number of days you were employed by the Company from January 1, 2005 through the last day of the Transition Period, and the
denominator of which shall equal the number of days beginning from January 1, 2005 and ending on December 31, 2006 (which amount shall equal $465,068 on November 10, 2006 and be paid on that date), and (y) in respect of the
payment to which you are entitled under the Company’s long-term incentive plan for the performance period of 2006 and 2007, the product of (I) $500,000 and (II) a fraction, the numerator of which shall equal the number of days you were
employed by the Company from January 1, 2006 through the last day of the Transition Period, and the denominator of which shall equal the number of days beginning from January 1, 2006 and ending on December 31, 2007 (which amount shall
equal $215,068 on November 10, 2006 and be paid on that date). 
 (b) With respect to the provisions of Section 3(b) of the TPA,
you have already received in full all payments related thereto. All other payments and benefits to which you shall be entitled are as set forth in the TPA. 
 3. Full Satisfaction. You hereby acknowledge and agree that, upon (i) the payment of the amounts described in paragraph 2(a) above, (ii) the provision of all other payments and benefits previously
provided to you or to be provided to you in accordance with the relevant provisions of the TPA, and (iii) pursuant to that certain letter agreement between you and ACNielsen Corporation dated December 17, 2000, the provision of, upon your
achieving age 55 (and thereafter for the remainder of your lifetime), retiree medical and life insurance benefits (including costs) that are no less favorable than those identified in the attached schedule entitled “Earl Doppelt Summary of
Existing Benefit Levels as of Change in Control,” and “Summary of Post-65 Retiree Medical Plan Design,” (iv) dental benefits in accordance with the terms of the applicable Company benefit plan), (v) the payroll tax gross up
of your executive benefits (club dues, financial planning, car service and medical), consistent with prior years, and (vi) the provision of payments and benefits to which you and your beneficiaries may be entitled under any other benefit plan
maintained by the Company, the Company shall have satisfied all obligations it may have to you in respect of your employment with the Company or separation therefrom, and you will be entitled to no other or further compensation, remuneration,
payments or benefits of any kind; provided that the foregoing shall not affect or diminish in any way your continuing right to indemnification by the Company to the same extent currently available under the Company’s by-laws and any insurance
policies maintained by or on behalf of the Company, or under applicable law for actions taken or omissions made as an employee or director of the Company. 
  

 2 

 4. Miscellaneous. This letter is intended to confirm the specific obligations the Company has to
you under the TPA, and as such constitutes a supplement to your TPA. The provisions of Section 6 of the TPA are incorporated by reference herein. 
 If this letter correctly sets forth your understanding of our agreement with respect to the foregoing matters, please so indicate by signing below on the line provided for your signature. Earl we greatly appreciate
the contributions you have made to the Company over the years, and wish you all the best for the future. 
  

			
	Very truly yours,
	
	VNU GROUP B.V.
		
	By:	 	 /s/ David Calhoun

	Name:	 	David Calhoun
	Title:	 	Chief Executive Officer

 Reviewed, approved and agreed: 
 

 
 Earl H. Doppelt 
  

 3 

 Earl H. Doppelt 
 Summary of Existing Benefit Levels as of Change in Control 
 Medical 
 Plan: Traditional - Participant+Family 
 Monthly Employee Cost: $173.50 
 Design Summary: 
  

					
	 	  	In-Network	  	Out-of-Network
	 Annual Deductible (Individual/Family)
	  	$200/$ 400	  	$300/$600
	 Annual Out-of-Pocket Maximum (Individual/Family)
	  	$1,000/$ 2,000	  	$2,000/$4,000
	 Wellness (routine physicals, web baby visits)
	  	$ 10 copay	  	70%
	 Immunizations and Screenings
	  	100%	  	70%
	 Office Visits and Hospital/Surgical Coinsurance
	  	90%	  	70%
	 Emergency Care
	  	90%	  	70%
	 Retail Prescription Drugs (up to 30 day supply)
	  	$ 7 generic/$ 15 brand	  	70%
	 Mail Order Drugs (up to 90 day supply)
	  	$ 15 generic/$ 30 brand

 Dental 
 Plan:
ACNielsen Dental Plan - Participant+Family 
 Monthly Employee Cost: $22.54 
 Design Summary: 
  

					
	 	  	In-Network	  	Out-of-Network**
	 Annual Deductible (Individual/Family)
	  	$50/$ 125	  	$50/$125
	 Annual Maximum
	  	$1,500	  	$1,500
	 Preventive/Diagnostic
	  	100%*	  	100%*
	 Basic Restorative
	  	90%	  	80%
	 Major Restorative
	  	60%	  	50%
	 Orthodontic
	  	50%*	  	50%*
		  	(separate $ 1,500 orho lifetime maximum)
		
	 __________
	  	
	 *       Before Deductible
	  		  	
	 **     Subject to R&C fees
	  		  	

 Life Insurance 
 Company Provided Coverage: $50,000 
 Monthly Employee Cost: None 
 Optional Employee Paid Coverages: 
  

					
	 Plan
	  	Coverage	  	Monthly Employee Cost
	 none
	  	n/a	  	n/a

  

			
	RetireeMedical	  	 identical to medical and dental coverage described above until age 65. Dental
 coverage ends at age 65. See attached for post-55 medical design summary.

	

 Retiree Life 
 Company Provided Coverage: $10,000 
 Monthly Retiree Cost: None 

 Earl H. Doppelt 
 Summary of Post-65 Retiree Medical Plan Design 
 Monthly Retiree Cost: $173.50 
 Design Summary: 
  

			
	 Annual Deductible (Individual/Family)
	  	$ 300/$ 600
	 Annual Out-of-Pocket Maximum (Individual/Family)
	  	$1,500/$ 3,000
	 Wellness (routine physicals, well baby visits)
	  	80%
	 Immunizations and Screenings
	  	100%
	 Office Visits and Hospital Surgical Coinsurance
	  	80%
	 Emergency Care
	  	80%
	 Retail Prescription Drugs (up to 30 day supply)
	  	
	 In-Network
	  	$ 7 generic/$ 15 brand
	 Out-of-Network
	  	80%
	 Mail Order Drugs (up to 90 day supply)
	  	$ 15 generic/$ 30 brand

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