Document:

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                                                                   Exhibit 10.15

                            1998 MOODY'S CORPORATION
                  NON-EMPLOYEE DIRECTORS' STOCK INCENTIVE PLAN
              (as amended and restated as of the Distribution Date)

1.       PURPOSE OF THE PLAN

         The purpose of the Plan is to aid the Company in attracting, retaining
and compensating non-employee directors and to enable them to increase their
ownership of Shares. The Plan will be beneficial to the Company and its
stockholders since it will allow non-employee directors of the Board to have a
greater personal financial stake in the Company through the ownership of Shares,
in addition to underscoring their common interest with stockholders in
increasing the value of the Shares on a long-term basis. As a result of the
distribution of the shares of New D&B owned by the Company to the holder of
record of Shares, the Company has amended and restated the Plan as of the
Distribution Date.

2.       DEFINITIONS

         The following capitalized terms used in the Plan have the respective
meanings set forth in this Section:

                  (a)      Act: The Securities Exchange Act of 1934, as amended,
                           or any successor thereto.

                  (b)      Award: An Option, Share of Restricted Stock or
                           Performance Share granted pursuant to the Plan.

                  (c)      Beneficial Owner: As such term is defined in Rule
                           13d-3 under the Act (or any successor rule thereto).

                  (d)      Board: The Board of Directors of the Company.

                  (e)      Change in Control: The occurrence of any of the
                           following events: (i) any "Person," as such term is
                           used in Sections 13(d) and 14(d) of the Act, (other
                           than the Company, any trustee or other fiduciary
                           holding securities under an employee benefit plan of
                           the Company, or any corporation owned, directly or
                           indirectly, by the shareholders of the Company in
                           substantially the same proportions as their ownership
                           of stock of the Company), is or becomes the
                           Beneficial Owner, directly or indirectly, of
                           securities of the Company representing 20% or more of
                           the combined voting power of the Company's then
                           outstanding securities.

                                    (ii) during any period of twenty-four months
                           (not including any period prior to the Distribution
                           Date), individuals who at the beginning of such
                           period constitute the Board, and any new Director
                           (other than a Director designated by a person who has
                           entered into an agreement with the Company to effect
                           a transaction described in clause (i), (iii) or (iv)
                           of
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                           this Section, a Director designated by any Person
                           (including the Company) who publicly announces an
                           intention to take or to consider taking actions
                           (including, but not limited to, an actual or
                           threatened proxy contest) which if consummated would
                           constitute a Change in Control or a Director
                           designated by any Person who is the Beneficial Owner,
                           directly or indirectly, of securities of the Company
                           representing 10% or more of the combined voting power
                           of the Company's securities) whose election by the
                           Board or nomination for election by the Company's
                           shareholders was approved by a vote of at least
                           two-thirds (2/3) of the Directors then still in
                           office who either were Directors at the beginning of
                           the period or whose election or nomination for
                           election was previously so approved cease for any
                           reason to constitute at least a majority thereof.

                                    (iii) the shareholders of the Company
                           approve a merger or consolidation of the Company with
                           any other corporation, other than a merger or
                           consolidation which would result in the voting
                           securities of the Company outstanding immediately
                           prior thereto continuing to represent (either by
                           remaining outstanding or by being converted into
                           voting securities of the surviving entity) more than
                           50% of the combined voting power of the voting
                           securities of the Company or such surviving entity
                           outstanding immediately after such merger or
                           consolidation and after which no Person holds 20% or
                           more of the combined voting power of the then
                           outstanding securities of the Company or such
                           surviving entity; or

                                    (iv) the shareholders of the Company approve
                           a plan of complete liquidation of the Company or an
                           agreement for the sale or disposition by the Company
                           of all or substantially all of the Company's assets.

                  (f)      Code: The Internal Revenue Code of 1986, as amended,
                           or any successor thereto.

                  (g)      Committee: The Compensation and Benefits Committee of
                           the Board, or any successor thereto or other
                           committee designated by the Board to assume the
                           obligations of the Committee hereunder.

                  (h)      Company: The New Dun & Bradstreet Corporation, a
                           Delaware corporation, to be renamed "The Dun &
                           Bradstreet Corporation" after June 30, 1998, to be
                           renamed the Moody Corporation after the Distribution
                           Date.

                  (i)      D&B: The Dun & Bradstreet Corporation, a Delaware
                           corporation.

                  (j)      Disability: Inability to continue to serve as a
                           non-employee director due to a medically determinable
                           physical or mental impairment which constitutes a
                           permanent and total disability, as determined by the
                           Committee (excluding any member thereof whose own
                           Disability is at issue in a given case) based upon
                           such evidence as it deems necessary and appropriate;
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                           provided, however, that following the Distribution
                           Date, the Disability of a New D&B Director shall be
                           determined by the New D&B Committee. A Participant
                           shall not be considered disabled unless he or she
                           furnishes such medical or other evidence of the
                           existence of the Disability as the Committee or the
                           New D&B Committee, as the case may be, in its sole
                           discretion, may require.

                  (k)      Distribution Date: The date on which the shares of
                           New D&B that are owned by the Company are distributed
                           to the holders of record of shares of the Company.

                  (l)      Effective Date: The date on which the Plan takes
                           effect, as defined pursuant to Section 14 of the
                           Plan.

                  (m)      Fair Market Value: On a given date, the arithmetic
                           mean of the high and low prices of the Shares as
                           reported on such date on the Composite Tape of the
                           principal national securities exchange on which such
                           Shares are listed or admitted to trading, or, if no
                           Composite Tape exists for such national securities
                           exchange on such date, then on the principal national
                           securities exchange on which such Shares are listed
                           or admitted to trading, or, if the Shares are not
                           listed or admitted on a national securities exchange,
                           the arithmetic mean of the per Share closing bid
                           price and per Share closing asked price on such date
                           as quoted on the National Association of Securities
                           Dealers Automated Quotation System (or such market in
                           which such prices are regularly quoted), or, if there
                           is no market on which the Shares are regularly
                           quoted, the Fair Market Value shall be the value
                           established by the Committee in good faith. If no
                           sale of Shares shall have been reported on such
                           Composite Tape or such national securities exchange
                           on such date or quoted on the National Association of
                           Securities Dealers Automated Quotation System on such
                           date, then the immediately preceding date on which
                           sales of the Shares have been so reported or quoted
                           shall be used.

                  (n)      New D&B: The New D&B Corporation, a Delaware
                           corporation, to be renamed "The Dun & Bradstreet
                           Corporation" following the Distribution Date.

                  (o)      New D&B Board: The Board of Directors of New D&B.

                  (p)      New D&B Change in Control: The occurrence of any of
                           the following events:

                                    (i) any "Person," as such term is used in
                           Sections 13(d) and 14(d), (other than New D&B, any
                           trustee or other fiduciary holding securities under
                           an employee benefit plan of New D&B, or any
                           corporation owned, directly or indirectly, by the
                           shareholders of New D&B in substantially the same
                           proportions as their ownership of stock of New D&B),
                           is or becomes the Beneficial Owner, directly or
                           indirectly, of
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                           securities of New D&B representing 20% or more of the
                           combined voting power of New D&B's then outstanding
                           securities.

                                    (ii) during any period of twenty-four months
                           (not including any period prior to the Distribution
                           Date), individuals who at the beginning of such
                           period constitute the New D&B Board, and any new
                           Director (other than a Director designated by a
                           person who has entered into an agreement with New D&B
                           to effect a transaction described in clause (i),
                           (iii) or (iv) of this Section, a Director designated
                           by any Person (including New D&B) who publicly
                           announces an intention to take or to consider taking
                           actions (including, but not limited to, an actual or
                           threatened proxy contest) which if consummated would
                           constitute a New D&B Change in Control or a Director
                           designated by any Person who is the Beneficial Owner,
                           directly or indirectly, of securities of New D&B
                           representing 10% or more of the combined voting power
                           of New D&B's securities) whose election by the New
                           D&B Board or nomination for election by New D&B's
                           shareholders was approved by a vote of at least
                           two-thirds (2/3) of the Directors then still in
                           office who either were Directors at the beginning of
                           the period or whose election or nomination for
                           election was previously so approved cease for any
                           reason to constitute at least a majority thereof.

                                    (iii) the shareholders of New D&B approve a
                           merger or consolidation of New D&B with any other
                           corporation, other than a merger or consolidation
                           which would result in the voting securities of New
                           D&B outstanding immediately prior thereto continuing
                           to represent (either by remaining outstanding or by
                           being converted into voting securities of the
                           surviving entity) more than 50% of the combined
                           voting power of the voting securities of New D&B or
                           such surviving entity outstanding immediately after
                           such merger or consolidation and after which no
                           Person holds 20% or more of the combined voting power
                           of the then outstanding securities of New D&B or such
                           surviving entity; or

                                    (iv) the shareholders of New D&B approve a
                           plan of complete liquidation of New D&B or an
                           agreement for the sale or disposition by New D&B of
                           all or substantially all of New D&B's assets.

                  (q)      New D&B Committee: The Compensation and Benefits
                           Committee of the New D&B Board, or any successor
                           thereto or other committee designated by the New D&B
                           Board to assume the obligations of the New D&B
                           Committee hereunder.

                  (r)      New D&B Director: A Participant who is a director of
                           New D&B immediately following the Distribution Date.

                  (s)      Option: A stock option granted pursuant to Section 6
                           of the Plan.

                  (t)      Option Price: The purchase price per Share of an
                           Option, as determined pursuant to Section 6(b) of the
                           Plan.
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                  (u)      Participant: Any director of the Company who is not
                           an employee of the Company or any Subsidiary of the
                           Company as of the date that an Award is granted.

                  (v)      Performance Period: The calendar year or such other
                           period of time as shall be designated by the
                           Committee from time to time.

                  (w)      Performance Share: A periodic bonus award, payable in
                           unrestricted Shares, granted pursuant to Section 8(a)
                           of the Plan.

                  (x)      Person: As such term is used for purposes of Section
                           13(d) or 14(d) of the Act (or any successor section
                           thereto).

                  (y)      Plan: The 1998 Moody's Corporation Non-Employee
                           Directors' Stock Incentive Plan, as amended and
                           restated.

                  (z)      Restricted Stock: A Share of restricted stock granted
                           pursuant to Section 7 of the Plan.

                  (aa)     Retirement: Termination of service with the Company
                           after such Participant has attained age 70,
                           regardless of the length of such Participant's
                           service; or, with the prior written consent of the
                           Committee (excluding any member thereof whose own
                           Retirement is at issue in a given case), termination
                           of service at an earlier age after the Participant
                           has completed six or more years of service with the
                           Company; provided, however, that following the
                           Distribution Date, the Retirement of a New D&B
                           Director shall be based on his or her service as a
                           non-employee director of the Board and the New D&B
                           Board and/or the prior written consent of the New D&B
                           Committee.

                  (bb)     Shares: Shares of common stock, par value $0.01 per
                           share, of the Company.

                  (cc)     Subsidiary: A subsidiary corporation, as defined in
                           Section 424(f) of the Code (or any successor section
                           thereto).

                  (dd)     Termination of Service: A Participant's termination
                           of service with the Company; provided, however, that
                           following the Distribution Date, a New D&B Director's
                           termination of service shall be based on his or her
                           termination of service with New D&B.

3.       SHARES SUBJECT TO THE PLAN

         The total number of Shares which may be issued under the Plan is
200,000. The Shares may consist, in whole or in part, of unissued Shares or
treasury Shares. The issuance of Awards shall reduce the total number of Shares
available under the Plan. Shares which are subject to Awards which terminate or
lapse may be granted again under the Plan.
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4.       ADMINISTRATION

         The Plan shall be administered by the Committee, which may delegate its
duties and powers in whole or in part to any subcommittee thereof consisting
solely of at least two "non-employee directors" within the meaning of Rule 16b-3
under the Act (or any successor rule thereto); provided, however, that any
action permitted to be taken by the Committee may be taken by the Board, in its
discretion. The Committee is authorized to interpret the Plan, to establish,
amend and rescind any rules and regulations relating to the Plan, and to make
any other determinations that it deems necessary or desirable for the
administration of the Plan. The Committee may correct any defect or omission or
reconcile any inconsistency in the Plan in the manner and to the extent the
Committee deems necessary or desirable. Any decision of the Committee in the
interpretation and administration of the Plan, as described herein, shall lie
within its sole and absolute discretion and shall be final, conclusive and
binding on all parties concerned (including, but not limited to, Participants
and their beneficiaries or successors).

5.       ELIGIBILITY

         All Participants shall be eligible to participate under this Plan.

6.       TERMS AND CONDITIONS OF OPTIONS

         Options granted under the Plan shall be non-qualified stock options for
federal income tax purposes, as evidenced by the related Option agreements, and
shall be subject to the foregoing and the following terms and conditions and to
such other terms and conditions, not inconsistent therewith, as the Committee
shall determine:

                  (a) Grants. A Participant may receive, on such dates as
determined by the Committee in its sole discretion, grants consisting of such
number of Options as determined by the Committee in its sole discretion.

                  (b) Option Price. The Option Price per Share shall be
determined by the Committee, but shall not be less than 100% of the Fair Market
Value of the Shares on the date an Option is granted.

                  (c) Exercisability. Options granted under the Plan shall be
exercisable at such time and upon such terms and conditions as may be determined
by the Committee, but in no event shall an Option be exercisable more than ten
years after the date it is granted.

                  (d) Exercise of Options. Except as otherwise provided in the
Plan or in a related Option agreement, an Option may be exercised for all, or
from time to time any part, of the Shares for which it is then exercisable. For
purposes of Section 6 of the Plan, the exercise date of an Option shall be the
later of the date a notice of exercise is received by the Company and, if
applicable, the date payment is received by the Company pursuant to clauses (i),
(ii) or (iii) in the following sentence. The purchase price for the Shares as to
which an Option is exercised shall be paid to the Company in full at the time of
exercise at the election of the Participant (i) in cash, (ii) in Shares having a
Fair Market Value equal to the aggregate Option Price for the Shares being
purchased and satisfying such other requirements as may be imposed by the
Committee, (iii) partly in cash and partly in such Shares or (iv) through the
delivery of
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irrevocable instructions to a broker to deliver promptly to the Company an
amount equal to the aggregate Option Price for the Shares being purchased. No
Participant shall have any rights to dividends or other rights of a stockholder
with respect to Shares subject to an Option until the occurrence of the exercise
date (determined as set forth above) and, if applicable, the satisfaction of any
other conditions imposed by the Committee pursuant to the Plan.

                  (e) Exercisability Upon Termination of Service by Death. Upon
a Termination of Service by reason of death after the first anniversary of the
date on which an Option is granted, the unexercised portion of such Option shall
immediately vest in full and may thereafter be exercised during the shorter of
the remaining term of the Option or five years after the date of death.

                  (f) Exercisability Upon Termination of Service by Disability
or Retirement. Upon a Termination of Service by reason of Disability or
Retirement after the first anniversary of the date on which an Option is
granted, the unexercised portion of such Option may thereafter be exercised
during the shorter of the remaining term of the Option or five years after the
date of such Termination of Service; provided, however, that if a Participant
dies within a period of five years after such Termination of Service, the
unexercised portion of the Option shall immediately vest in full and may
thereafter be exercised, during the shorter of the remaining term of the Option
or the period that is the longer of five years after the date of such
Termination of Service or one year after the date of death.

                  (g) Effect of Other Termination of Service. Upon a Termination
of Service by reason of Disability or Retirement prior to the first anniversary
of the date on which an Option is granted (as described above), then, a pro rata
portion of such Option shall immediately vest in full and may be exercised
thereafter, during the shorter of (A) the remaining term of such Option or (B)
five years after the date of such Termination of Service, for a prorated number
of Shares (rounded down to the nearest whole number of Shares), equal to (i) the
number of Shares subject to such Option multiplied by (ii) a fraction the
numerator of which is the number of days the Participant served on the Board and
the New D&B Board subsequent to the date on which such Option was granted and
the denominator of which is 365. The portion of such Option which is not so
exercisable shall terminate as of the date of Disability or Retirement. Upon a
Termination of Service for any other reason prior to the first anniversary of
the date on which an Option is granted, such Option shall thereupon terminate.
Upon a Termination of Service for any reason other than death, Disability or
Retirement after the first anniversary of the date on which an Option is
granted, the unexercised portion of such Option shall thereupon terminate.

                  (h) Nontransferability of Stock Options. Except as otherwise
provided in this Section 6(h), a stock option shall not be transferable by the
optionee otherwise than by will or by the laws of descent and distribution and
during the lifetime of an optionee an option shall be exercisable only by the
optionee. An option exercisable after the death of an optionee or a transferee
pursuant to the following sentence may be exercised by the legatees, personal
representatives or distributees of the optionee or such transferee. The
Committee may, in its discretion, authorize all or a portion of the options
previously granted or to be granted to an optionee to be on terms which permit
irrevocable transfer for no consideration by such optionee to any child,
stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or
sister-in-law, including adoptive relationships, of the optionee, trusts for the
exclusive benefit of these persons, and any
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other entity owned solely by these persons ("Eligible Transferees"), provided
that (x) the stock option agreement pursuant to which such options are granted
must be approved by the Committee, and must expressly provide for
transferability in a manner consistent with this Section and (y) subsequent
transfers of transferred options shall be prohibited except those in accordance
with the first sentence of this Section 6(h). The Committee may, in its
discretion, amend the definition of Eligible Transferees to conform to the
coverage rules of Form S-8 under the Securities Act of 1933 or any comparable
Form from time to time in effect. Following transfer, any such options shall
continue to be subject to the same terms and conditions as were applicable
immediately prior to transfer. The events of Termination of Service of Sections
6(e), 6(f) and 6(g) hereof shall continue to be applied with respect to the
original optionee, following which the options shall be exercisable by the
transferee only to the extent, and for the periods specified, in Sections 6(e),
6(f) and 6(g). The Committee may delegate to a committee consisting of employees
of the Company the authority to authorize transfers, establish terms and
conditions upon which transfers may be made and establish classes of options
eligible to transfer options, as well as to make other determinations with
respect to option transfers.

7.       TERMS AND CONDITIONS OF RESTRICTED STOCK

         Restricted Stock granted under the Plan shall be subject to the
foregoing and the following terms and conditions and to such other terms and
conditions, not inconsistent therewith, as the Committee shall determine:

                  (a) Grants. A Participant may receive, on such dates as
determined by the Committee in its sole discretion, grants consisting of such
amounts of Restricted Stock as determined by the Committee in its sole
discretion.

                  (b) Restrictions. Restricted Stock granted under the Plan may
not be sold, transferred, pledged, assigned or otherwise disposed of under any
circumstances; provided, however, that the foregoing restrictions shall lapse at
such time and upon such terms and conditions as may be specified by the
Committee in the related Award agreement(s).

                  (c) Forfeiture of Grants. Except to the extent otherwise
specified by the Committee in a related Award agreement(s), all Shares of
Restricted Stock as to which restrictions have not previously lapsed pursuant to
Section 7(b) of the Plan shall be forfeited upon a Participant's Termination of
Service for any reason (including, without limitation, by reason of death,
Disability or Retirement).

                  (d) Other Provisions. During the period prior to the date on
which the foregoing restrictions lapse, Shares of Restricted Stock shall be
registered in the Participant's name and such Participant shall have voting
rights and receive dividends with respect to such Restricted Stock.

8.       TERMS AND CONDITIONS OF PERFORMANCE SHARES

                  (a) Establishment of Annual Performance Target Levels and
Number of Performance Shares. Prior to the commencement of a given Performance
Period, the Committee shall establish performance goals for the Company for such
performance period. The Committee
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shall also establish the number of Performance Shares that would be payable to
Participants upon the attainment of various performance goals during such
Performance Period.

                  (b) Payment in Unrestricted Shares. As soon as practicable
following a given Performance Period, Participants shall receive unrestricted
Shares equal to the number of Performance Shares earned by such Participant
during such Performance Period. A Participant who did not serve on the Board
during an entire Performance Period shall receive a prorated number of Shares
(rounded down to the nearest whole number of Shares) based upon (i) the number
of days during the Performance Period during which such Participant served on
the Board and (ii) the actual performance results.

                  (c) Authorization for Committee to Permit Deferral.
Notwithstanding Section 8(b) of the Plan, a Participant may, if and to the
extent permitted by the Committee, elect to defer payment of any unrestricted
Shares payable as a result of any Performance Shares earned by such Participant;
provided, however, that any such election must be made (i) no later than June 30
of the year immediately preceding the year in which any such unrestricted Shares
are to be paid and (ii) in accordance with such terms and conditions as are
established by the Committee in its sole discretion.

9.       ADJUSTMENTS UPON CERTAIN EVENTS

         Notwithstanding any other provisions in the Plan to the contrary, the
following provisions shall apply to all Awards granted under the Plan:

                  (a) Generally. In the event of any change in the outstanding
Shares after the Effective Date by reason of any Share dividend or split,
reorganization, recapitalization, merger, consolidation, spin-off, combination
or exchange of Shares or other corporate exchange, or any distribution to
stockholders of Shares other than regular cash dividends, the Committee in its
sole discretion and without liability to any person may make such substitution
or adjustment, if any, as it deems to be equitable, as to (i) the number or kind
of Shares or other securities issued or reserved for issuance pursuant to the
Plan or pursuant to outstanding Awards, (ii) the Option Price and/or (iii) any
other affected terms of such Awards.

                  (b) Change in Control. Upon the occurrence of a Change in
Control, (i) all restrictions on Shares of Restricted Stock shall lapse, (ii)
each Participant shall receive the target number of Performance Shares for the
Performance Period in which the Change in Control occurs (or, if no target
number has been established for such Performance Period, the target number for
the immediately preceding Performance Period shall be used) and (iii) all Stock
Options shall vest and become exercisable.

                  (c) New D&B Change in Control. Upon the occurrence of a New
D&B Change in Control, with respect to Awards granted prior to the Distribution
Date, (i) all restrictions on Shares of Restricted Stock held by New D&B
Directors shall lapse, (ii) each New D&B Director shall receive the target
number of Performance Shares for the Performance Period in which the New D&B
Change in Control occurs (or, if no target number has been established for such
Performance Period, the target number for the immediately preceding Performance
Period shall be used) and (iii) all Stock Options held by New D&B Directors
shall vest and become exercisable.
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10.      SUCCESSORS AND ASSIGNS

         The Plan shall be binding on all successors and assigns of the Company
and a Participant, including without limitation, the estate of such Participant
and the executor, administrator or trustee of such estate, or any receiver or
trustee in bankruptcy or representative of the Participant's creditors.

11.      AMENDMENTS OR TERMINATION

         The Committee may amend, alter or discontinue the Plan, but no
amendment, alteration or discontinuation shall be made which would impair the
rights of any Participant under any Award theretofore granted without such
Participant's consent.

12.      NONTRANSFERABILITY OF AWARDS

         Except as provided in Section 6(h) of the Plan, an Award shall not be
transferable or assignable by the Participant otherwise than by will or by the
laws of descent and distribution. During the lifetime of a Participant, an Award
shall be exercisable only by such Participant. An Award exercisable after the
death of a Participant may be exercised by the legatees, personal
representatives or distributees of the Participant. Notwithstanding anything to
the contrary herein, the Committee, in its sole discretion, shall have the
authority to waive this Section 12 (or any part thereof) to the extent that this
Section 12 (or any part thereof) is not required under the rules promulgated
under any law, rule or regulation applicable to the Company.

13.      CHOICE OF LAW

         The Plan shall be governed by and construed in accordance with the laws
of the State of Delaware applicable to contracts made and to be performed in the
State of Delaware.

14.      EFFECTIVENESS OF THE PLAN

         The Plan shall be effective as of June 30, 1998.<PAGE>   1
                                                                   Exhibit 10.16

                            1998 MOODY'S CORPORATION
                       KEY EMPLOYEES' STOCK INCENTIVE PLAN
              (as amended and restated as of the Distribution Date)

1.       Purpose of the Plan

         The purpose of the Plan is to aid the Company and its Subsidiaries in
securing and retaining key employees of outstanding ability and to motivate such
employees to exert their best efforts on behalf of the Company and its
Subsidiaries by providing incentives through the granting of Awards. The Company
expects that it will benefit from the added interest which such key employees
will have in the welfare of the Company as a result of their proprietary
interest in the Company's success. As a result of the distribution of the shares
of New D&B owned by the Company to the holder of record of Shares, the Company
has amended and restated the Plan as of the Distribution Date.

2.       Definitions

         The following capitalized terms used in the Plan have the respective
meanings set forth in this Section:

                  (a) Act: The Securities Exchange Act of 1934, as amended, or
any successor thereto.

                  (b) Award: An Option, Stock Appreciation Right or Other
Stock-Based Award granted pursuant to the Plan.

                  (c) Beneficial Owner: As such term is defined in Rule 13d-3
under the Act (or any successor rule thereto).

                  (d) Board: The Board of Directors of the Company.

                  (e) Change in Control: The occurrence of any of the following
events:

                           (i) any "Person" as such term is used in Section
                  13(d) and 14(d) of the Act (other than the Company, any
                  trustee or other fiduciary holding securities under an
                  employee benefit plan of the Company, or any company owned,
                  directly or indirectly, by the stockholders of the Company in
                  substantially the same proportions as their ownership of stock
                  of the Company), becomes the Beneficial Owner, directly or
                  indirectly, of securities of the Company representing 20% or
                  more of the combined voting power of the Company's then
                  outstanding securities;

                           (ii) during any period of twenty-four months (not
                  including any period prior to the Distribution Date),
                  individuals who at the beginning of such period constitute the
                  Board, and any new director (other than (A) a director
                  nominated by a Person who has entered into an agreement with
                  the Company to effect a transaction described in Sections
                  2(e)(i), (iii) or (iv) of the Plan, (B) a director nominated
                  by any Person (including the Company) who publicly announces
                  an intention to take or to consider taking actions (including,
                  but not limited to, an actual or threatened proxy contest)
                  which if
<PAGE>   2
                                                                               2

                  consummated would constitute a Change in Control or (C) a
                  director designated by any Person who is the Beneficial Owner,
                  directly or indirectly, of securities of the Company
                  representing 10% or more of the combined voting power of the
                  Company's securities) whose election by the Board or
                  nomination for election by the Company's stockholders was
                  approved in advance by a vote of at least two-thirds (2/3) of
                  the directors then still in office who either were directors
                  at the beginning of the period or whose election or nomination
                  for election was previously so approved, cease for any reason
                  to constitute at least a majority thereof;

                           (iii) the stockholders of the Company approve a
                  merger or consolidation of the Company with any other
                  corporation, other than a merger or consolidation (A) which
                  would result in the voting securities of the Company
                  outstanding immediately prior thereto continuing to represent
                  (either by remaining outstanding or by being converted into
                  voting securities of the surviving entity) more than 50% of
                  the combined voting power of the voting securities of the
                  Company or such surviving entity outstanding immediately after
                  such merger or consolidation and (B) after which no Person
                  would hold 20% or more of the combined voting power of the
                  then outstanding securities of the Company or such surviving
                  entity; or

                           (iv) the stockholders of the Company approve a plan
                  of complete liquidation of the Company or an agreement for the
                  sale or disposition by the Company of all or substantially all
                  of the Company's assets.

                  (f) Code: The Internal Revenue Code of 1986, as amended, or
any successor thereto.

                  (g) Committee: The Compensation and Benefits Committee of the
Board, or any successor thereto or other committee designated by the Board to
assume the obligations of the Committee hereunder.

                  (h) Company: The New Dun & Bradstreet Corporation, a Delaware
corporation to be renamed "The Dun & Bradstreet Corporation" on the Effective
Date, to be renamed the "Moody's Corporation" after the Distribution Date.

                  (i) Disability: Inability to engage in any substantial gainful
activity by reason of a medically determinable physical or mental impairment
which constitutes a permanent and total disability, as defined in Section
22(e)(3) of the Code (or any successor section thereto). The determination
whether a Participant has suffered a Disability shall be made by the Committee
based upon such evidence as it deems necessary and appropriate; provided,
however, that following the Distribution Date, such determination shall be made
by the New D&B Committee with respect to a New D&B Employee. A Participant shall
not be considered disabled unless he or she furnishes such medical or other
evidence of the existence of the Disability as the Committee or New D&B
Committee, as the case may be, in its sole discretion, may require.

                  (j) Distribution Date: The date on which the shares of New D&B
that are owned by the Company are distributed to the holders of record of shares
of the Company.
<PAGE>   3
                                                                               3

                  (k) Effective Date: The date on which the Plan takes effect,
as defined pursuant to Section 17 of the Plan.

                  (l) Fair Market Value: On a given date, the arithmetic mean of
the high and low prices of the Shares as reported on such date on the Composite
Tape of the principal national securities exchange on which such Shares are
listed or admitted to trading, or, if no Composite Tape exists for such national
securities exchange on such date, then on the principal national securities
exchange on which such Shares are listed or admitted to trading, or, if the
Shares are not listed or admitted on a national securities exchange, the
arithmetic mean of the per Share closing bid price and per Share closing asked
price on such date as quoted on the National Association of Securities Dealers
Automated Quotation System (or such market in which such prices are regularly
quoted), or, if there is no market on which the Shares are regularly quoted, the
Fair Market Value shall be the value established by the Committee in good faith.
If no sale of Shares shall have been reported on such Composite Tape or such
national securities exchange on such date or quoted on the National Association
of Securities Dealers Automated Quotation System on such date, then the
immediately preceding date on which sales of the Shares have been so reported or
quoted shall be used.

                  (m) ISO: An Option that is also an incentive stock option
granted pursuant to Section 7(d) of the Plan.

                  (n) LSAR: A limited stock appreciation right granted pursuant
to Section 8(d) of the Plan.

                  (o) New D&B: The New D&B Corporation, a Delaware corporation,
to be renamed The Dun & Bradstreet Corporation following the Distribution Date.

                  (p) New D&B Board: The Board of Directors of New D&B.

                  (q) New D&B Change in Control: The occurrence of any of the
following events:

                           (i) any "Person" as such term is used in Section
                  13(d) and 14(d) of the Act (other than New D&B, any trustee or
                  other fiduciary holding securities under an employee benefit
                  plan of New D&B, or any company owned, directly or indirectly,
                  by the stockholders of New D&B in substantially the same
                  proportions as their ownership of stock of New D&B), becomes
                  the Beneficial Owner, directly or indirectly, of securities of
                  New D&B representing 20% or more of the combined voting power
                  of New D&B's then outstanding securities;

                           (ii) during any period of twenty-four months (not
                  including any period prior to the Distribution Date),
                  individuals who at the beginning of such period constitute the
                  New D&B Board, and any new director (other than (A) a director
                  nominated by a Person who has entered into an agreement with
                  New D&B to effect a transaction described in Sections 2(q)(i),
                  (iii) or (iv) of the Plan, (B) a director nominated by any
                  Person (including New D&B) who publicly announces an intention
                  to take or to consider taking actions (including, but not
                  limited to, an actual or threatened proxy contest) which if
<PAGE>   4
                                                                               4

                  consummated would constitute a New D&B Change in Control or
                  (C) a director designated by any Person who is the Beneficial
                  Owner, directly or indirectly, of securities of New D&B
                  representing 10% or more of the combined voting power of New
                  D&B's securities) whose election by the New D&B Board or
                  nomination for election by New D&B's stockholders was approved
                  in advance by a vote of at least two-thirds (2/3) of the
                  directors then still in office who either were directors at
                  the beginning of the period or whose election or nomination
                  for election was previously so approved, cease for any reason
                  to constitute at least a majority thereof;

                           (iii) the stockholders of New D&B approve a merger or
                  consolidation of New D&B with any other corporation, other
                  than a merger or consolidation (A) which would result in the
                  voting securities of New D&B outstanding immediately prior
                  thereto continuing to represent (either by remaining
                  outstanding or by being converted into voting securities of
                  the surviving entity) more than 50% of the combined voting
                  power of the voting securities of New D&B or such surviving
                  entity outstanding immediately after such merger or
                  consolidation and (B) after which no Person would hold 20% or
                  more of the combined voting power of the then outstanding
                  securities of New D&B or such surviving entity; or

                           (iv) the stockholders of New D&B approve a plan of
                  complete liquidation of New D&B or an agreement for the sale
                  or disposition by New D&B of all or substantially all of New
                  D&B's assets.

                  (r) New D&B Committee: The Compensation and Benefits Committee
of the New D&B Board, or any successor thereto or other committee designated by
the New D&B Board to assume the obligations of the New D&B Committee hereunder.

                  (s) New D&B Employee: A Participant who is an employee of New
D&B immediately following the Distribution Date.

                  (t) Other Stock-Based Awards: Awards granted pursuant to
Section 9 of the Plan.

                  (u) Option: A stock option granted pursuant to Section 7 of
the Plan.

                  (v) Option Price: The purchase price per Share of an Option,
as determined pursuant to Section 7(a) of the Plan.

                  (w) Participant: An individual who is selected by the
Committee to participate in the Plan pursuant to Section 5 of the Plan.

                  (x) Performance-Based Awards: Other Stock-Based Awards granted
pursuant to Section 9(b) of the Plan.

                  (y) Person: As such term is used for purposes of Section 13(d)
or 14(d) of the Act (or any successor section thereto).
<PAGE>   5
                                                                               5

                  (z) Plan: The 1998 Moody's Corporation Key Employees' Stock
Incentive Plan, as amended and restated.

                  (aa) Post-Retirement Exercise Period: As such term is defined
in Section 7(f) of the Plan.

                  (bb) Retirement: Termination of employment with the Company or
a Subsidiary after such Participant has attained age 55 and five years of
service with the Company; or, with the prior written consent of the Committee
that such termination be treated as a Retirement hereunder, termination of
employment under other circumstances; provided, however, that following the
Distribution Date, the Retirement of a New D&B Employee shall be based on his or
her employment with the Company and New D&B and/or the prior written consent of
the New D&B Committee.

                  (cc) Shares: Shares of common stock, par value $0.01 per
Share, of the Company.

                  (dd) Special Exercise Period: As such term is defined in
Section 7(f) of the Plan.

                  (ee) Stock Appreciation Right: A stock appreciation right
granted pursuant to Section 8 of the Plan.

                  (ff) Subsidiary: A subsidiary corporation, as defined in
Section 424(f) of the Code (or any successor section thereto).

                  (gg) Termination of Employment: A Participant's termination of
employment with the Company; provided, however, that following the Distribution
Date, a New D&B Employee's termination of employment shall be based on his or
her termination of employment with New D&B and its Subsidiaries.

3.       Shares Subject to the Plan

         The total number of Shares which may be issued under the Plan is
16,500,000. The maximum number of Shares for which Awards may be granted during
a calendar year to any Participant shall be 400,000. The Shares may consist, in
whole or in part, of unissued Shares or treasury Shares. The issuance of Shares
or the payment of cash upon the exercise of an Award shall reduce the total
number of Shares available under the Plan, as applicable. Shares which are
subject to Awards which terminate or lapse may be granted again under the Plan.

4.       Administration

         The Plan shall be administered by the Committee, which may delegate its
duties and powers in whole or in part to any subcommittee thereof consisting
solely of at least two individuals who are each "non-employee directors" within
the meaning of Rule 16b-3 under the Act (or any successor rule thereto) and
"outside directors" within the meaning of Section 162(m) of the Code (or any
successor section thereto); provided, however, that any action permitted to
<PAGE>   6
                                                                               6

be taken by the Committee may be taken by the Board, in its discretion. The
Committee is authorized to interpret the Plan, to establish, amend and rescind
any rules and regulations relating to the Plan, and to make any other
determinations that it deems necessary or desirable for the administration of
the Plan. The Committee may correct any defect or omission or reconcile any
inconsistency in the Plan in the manner and to the extent the Committee deems
necessary or desirable. Any decision of the Committee in the interpretation and
administration of the Plan, as described herein, shall lie within its sole and
absolute discretion and shall be final, conclusive and binding on all parties
concerned (including, but not limited to, Participants and their beneficiaries
or successors). Determinations made by the Committee under the Plan need not be
uniform and may be made selectively among Participants, whether or not such
Participants are similarly situated. The Committee shall require payment of any
amount it may determine to be necessary to withhold for federal, state, local or
other taxes as a result of the exercise of an Award. Unless the Committee
specifies otherwise, the Participant may elect to pay a portion or all of such
withholding taxes by (a) delivery in Shares or (b) having Shares withheld by the
Company from any Shares that would have otherwise been received by the
Participant. The number of Shares so delivered or withheld shall have an
aggregate Fair Market Value sufficient to satisfy the applicable withholding
taxes. If the chief executive officer of the Company is a member of the Board,
the Board by specific resolution may constitute such chief executive officer as
a committee of one which shall have the authority to grant Awards of up to an
aggregate of 100,000 Shares in each calendar year to Participants who are not
subject to the rules promulgated under Section 16 of the Act (or any successor
section thereto); provided, however, that such chief executive officer shall
notify the Committee of any such grants made pursuant to this Section 4.

5.       Eligibility

         Key employees (but not members of the Committee or any person who
serves only as a director) of the Company and its Subsidiaries, who are from
time to time responsible for the management, growth and protection of the
business of the Company and its Subsidiaries, are eligible to be granted Awards
under the Plan. Participants shall be selected from time to time by the
Committee, in its sole discretion, from among those eligible, and the Committee
shall determine, in its sole discretion, the number of Shares to be covered by
the Awards granted to each Participant.

6.       Limitations

         No Award may be granted under the Plan after the tenth anniversary of
the Effective Date, but Awards theretofore granted may extend beyond that date.

7.       Terms and Conditions of Options

         Options granted under the Plan shall be, as determined by the
Committee, non-qualified, incentive or other stock options for federal income
tax purposes, as evidenced by the related Award agreements, and shall be subject
to the foregoing and the following terms and conditions and to such other terms
and conditions, not inconsistent therewith, as the Committee shall determine:
<PAGE>   7
                                                                               7

                  (a) Option Price. The Option Price per Share shall be
determined by the Committee, but shall not be less than 100% of the Fair Market
Value of the Shares on the date an Option is granted.

                  (b) Exercisability. Options granted under the Plan shall be
exercisable at such time and upon such terms and conditions as may be determined
by the Committee, but in no event shall an Option be exercisable more than ten
years after the date it is granted.

                  (c) Exercise of Options. Except as otherwise provided in the
Plan or in an Award agreement, an Option may be exercised for all, or from time
to time any part, of the Shares for which it is then exercisable. For purposes
of Section 7 of the Plan, the exercise date of an Option shall be the later of
the date a notice of exercise is received by the Company and, if applicable, the
date payment is received by the Company pursuant to clauses (i), (ii) or (iii)
in the following sentence. The purchase price for the Shares as to which an
Option is exercised shall be paid to the Company in full at the time of exercise
at the election of the Participant (i) in cash, (ii) in Shares having a Fair
Market Value equal to the aggregate Option Price for the Shares being purchased
and satisfying such other requirements as may be imposed by the Committee;
provided, that such shares of Common Stock have been held by the Participant for
no less than six months, (iii) partly in cash and partly in such Shares, or (iv)
through the delivery of irrevocable instructions to a broker to deliver promptly
to the Company an amount equal to the aggregate Option Price for the Shares
being purchased. No Participant shall have any rights to dividends or other
rights of a stockholder with respect to Shares subject to an Option until the
occurrence of the exercise date (determined as set forth above) and, if
applicable, the satisfaction of any other conditions imposed by the Committee
pursuant to the Plan.

                  (d) ISOs. The Committee may grant Options under the Plan that
are intended to be ISOs. Such ISOs shall comply with the requirements of Section
422 of the Code (or any successor section thereto). Unless otherwise permitted
under Section 422 of the Code (or any successor section thereto), no ISO may be
granted to any Participant who at the time of such grant, owns more than ten
percent of the total combined voting power of all classes of stock of the
Company or of any Subsidiary, unless (i) the Option Price for such ISO is at
least 110% of the Fair Market Value of a Share on the date the ISO is granted
and (ii) the date on which such ISO terminates is a date not later than the day
preceding the fifth anniversary of the date on which the ISO is granted. Any
Participant who disposes of Shares acquired upon the exercise of an ISO either
(i) within two years after the date of grant of such ISO or (ii) within one year
after the transfer of such Shares to the Participant, shall notify the Company
of such disposition and of the amount realized upon such disposition.

                  (e) Exercisability Upon Termination of Employment by Death or
Disability. Upon a Termination of Employment by reason of death or Disability
after the first anniversary of the date of grant of an Option, (i) the
unexercised portion of such Option shall immediately vest in full and (ii) such
portion may thereafter be exercised during the shorter of (A) the remaining
stated term of the Option or (B) five years after the date of death or
Disability.

                  (f) Exercisability Upon Termination of Employment by
Retirement. Upon a Termination of Employment by reason of Retirement after the
first anniversary of the date of
<PAGE>   8
                                                                               8

grant of an Option, an unexercised Option may thereafter be exercised during the
shorter of (i) the remaining stated term of the Option or (ii) five years after
the date of such Termination of Employment (the "Post-Retirement Exercise
Period"), but only to the extent to which such Option was exercisable at the
time of such Termination of Employment or becomes exercisable during the
Post-Retirement Exercise Period; provided, however, that if a Participant dies
within a period of five years after such Termination of Employment, an
unexercised Option may thereafter be exercised, during the shorter of (i) the
remaining stated term of the Option or (ii) the period that is the longer of (A)
five years after the date of such Termination of Employment or (B) one year
after the date of death (the "Special Exercise Period"), but only to the extent
to which such Option was exercisable at the time of such Termination of
Employment or becomes exercisable during the Special Exercise Period.

                  (g) Effect of Other Termination of Employment. Upon a
Termination of Employment for any reason (other than death, Disability or
Retirement after the first anniversary of the date of grant of an Option as
described above), an unexercised Option may thereafter be exercised during the
period ending 30 days after the date of such Termination of Employment, but only
to the extent to which such Option was exercisable at the time of such
Termination of Employment. Notwithstanding the foregoing, the Committee (or the
New D&B Committee with respect to a New D&B Employee) may, in its sole
discretion, accelerate the vesting of unvested Options held by a Participant if
such Participant's Termination of Employment is without "cause" (as such term is
defined by such committee in its sole discretion) by the Company or New D&B, as
the case may be.

                  (h) Nontransferability of Stock Options. Except as otherwise
provided in this Section 7(h), a stock option shall not be transferable by the
optionee otherwise than by will or by the laws of descent and distribution and
during the lifetime of an optionee an option shall be exercisable only by the
optionee. An option exercisable after the death of an optionee or a transferee
pursuant to the following sentence may be exercised by the legatees, personal
representatives or distributees of the optionee or such transferee. The
Committee may, in its discretion, authorize all or a portion of the options
previously granted or to be granted to an optionee to be on terms which permit
irrevocable transfer for no consideration by such optionee to any child,
stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or
sister-in-law, including adoptive relationships, of the optionee, trusts for the
exclusive benefit of these persons, and any other entity owned solely by these
persons ("Eligible Transferees"), provided that (x) the stock option agreement
pursuant to which such options are granted must be approved by the Committee,
and must expressly provide for transferability in a manner consistent with this
Section and (y) subsequent transfers of transferred options shall be prohibited
except those in accordance with the first sentence of this Section 7(h). The
Committee may, in its discretion; amend the definition of Eligible Transferees
to conform to the coverage rules of Form S-8 under the Securities Act of 1933 or
any comparable Form from time to time in effect. Following transfer, any such
options shall continue to be subject to the same terms and conditions as were
applicable immediately prior to transfer. The events of Termination of
Employment of Sections 7(e), 7(f) and 7(g) hereof shall continue to be applied
with respect to the original optionee, following which the options shall be
exercisable by the transferee only to the extent, and for the periods specified,
in Sections 7(e), 7(f) and 7(g). The Committee may delegate to a committee
<PAGE>   9
                                                                               9

consisting of employees of the Company the authority to authorize transfers,
establish terms and conditions upon which transfers may be made and establish
classes of options eligible to transfer options, as well as to make other
determinations with respect to option transfers.

8.       Terms and Conditions of Stock Appreciation Rights

                  (a) Grants. The Committee also may grant (i) a Stock
Appreciation Right independent of an Option or (ii) a Stock Appreciation Right
in connection with an Option, or a portion thereof. A Stock Appreciation Right
granted pursuant to clause (ii) of the preceding sentence (A) may be granted at
the time the related Option is granted or at any time prior to the exercise or
cancellation of the related Option, (B) shall cover the same Shares covered by
an Option (or such lesser number of Shares as the Committee may determine) and
(C) shall be subject to the same terms and conditions as such Option except for
such additional limitations as are contemplated by this Section 8 (or such
additional limitations as may be included in an Award agreement).

                  (b) Terms. The exercise price per Share of a Stock
Appreciation Right shall be an amount determined by the Committee but in no
event shall such amount be less than the greater of (i) the Fair Market Value of
a Share on the date the Stock Appreciation Right is granted or, in the case of a
Stock Appreciation Right granted in conjunction with an Option, or a portion
thereof, the Option Price of the related Option and (ii) an amount permitted by
applicable laws, rules, by-laws or policies of regulatory authorities or stock
exchanges. Each Stock Appreciation Right granted independent of an Option shall
entitle a Participant upon exercise to an amount equal to (i) the excess of (A)
the Fair Market Value on the exercise date of one Share over (B) the exercise
price per Share, times (ii) the number of Shares covered by the Stock
Appreciation Right. Each Stock Appreciation Right granted in conjunction with an
Option, or a portion thereof, shall entitle a Participant to surrender to the
Company the unexercised Option, or any portion thereof, and to receive from the
Company in exchange therefor an amount equal to (i) the excess of (A) the Fair
Market Value on the exercise date of one Share over (B) the Option Price per
Share, times (ii) the number of Shares covered by the Option, or portion
thereof, which is surrendered. The date a notice of exercise is received by the
Company shall be the exercise date. Payment shall be made in Shares or in cash,
or partly in Shares and partly in cash, valued at such Fair Market Value, all as
shall be determined by the Committee. Stock Appreciation Rights may be exercised
from time to time upon actual receipt by the Company of written notice of
exercise stating the number of Shares with respect to which the Stock
Appreciation Right is being exercised. No fractional Shares will be issued in
payment for Stock Appreciation Rights, but instead cash will be paid for a
fraction or, if the Committee should so determine, the number of Shares will be
rounded downward to the next whole Share.

                  (c) Limitations. The Committee may impose, in its discretion,
such conditions upon the exercisability or transferability of Stock Appreciation
Rights as it may deem fit.

                  (d) Limited Stock Appreciation Rights. The Committee may grant
LSARs that are exercisable upon the occurrence of specified contingent events.
Such LSARs may provide for a different method of determining appreciation, may
specify that payment will be
<PAGE>   10
                                                                              10

made only in cash and may provide that any related Awards are not exercisable
while such LSARs are exercisable. Unless the context otherwise requires,
whenever the term "Stock Appreciation Right" is used in the Plan, such term
shall include LSARs.

9.       Other Stock-Based Awards

                  (a) Generally. The Committee, in its sole discretion, may
grant Awards of Shares, Awards of restricted Shares and Awards that are valued
in whole or in part by reference to, or are otherwise based on the Fair Market
Value of, Shares ("Other Stock-Based Awards"). Such Other Stock-Based Awards
shall be in such form, and dependent on such conditions, as the Committee shall
determine, including, without limitation, the right to receive one or more
Shares (or the equivalent cash value of such Shares) upon the completion of a
specified period of service, the occurrence of an event and/or the attainment of
performance objectives. Other Stock-Based Awards may be granted alone or in
addition to any other Awards granted under the Plan. Subject to the provisions
of the Plan, the Committee shall determine to whom and when Other Stock-Based
Awards will be made; the number of Shares to be awarded under (or otherwise
related to) such Other Stock-Based Awards; whether such Other Stock-Based Awards
shall be settled in cash, Shares or a combination of cash and Shares; and all
other terms and conditions of such Awards (including, without limitation, the
vesting provisions thereof).

                  (b) Performance-Based Awards. Notwithstanding anything to the
contrary herein, certain Other Stock-Based Awards granted under this Section 9
may be granted in a manner which is deductible by the Company under Section
162(m) of the Code (or any successor section thereto) ("Performance-Based
Awards"). A Participant's Performance-Based Award shall be determined based on
the attainment of written performance goals approved by the Committee for a
performance period established by the Committee (i) while the outcome for that
performance period is substantially uncertain and (ii) no more than 90 days
after the commencement of the performance period to which the performance goal
relates or, if less, the number of days which is equal to 25 percent of the
relevant performance period. The performance goals, which must be objective,
shall be based upon one or more of the following criteria: (i) earnings before
or after taxes (including earnings before interest, taxes, depreciation and
amortization); (ii) net income; (iii) operating income; (iv) earnings per Share;
(v) book value per Share; (vi) return on stockholders' equity; (vii) expense
management; (viii) return on investment before or after the cost of capital;
(ix) improvements in capital structure; (x) profitability of an identifiable
business unit or product; (xi) maintenance or improvement of profit margins;
(xii) stock price; (xiii) market share; (xiv) revenues or sales; (xv) costs;
(xvi) cash flow; (xvii) working capital (xviii) changes in net assets (whether
or not multiplied by a constant percentage intended to represent the cost of
capital) and (xix) return on assets. The foregoing criteria may relate to the
Company, one or more of its Subsidiaries or one or more of its divisions, units,
minority investments, partnerships, joint ventures, product lines or products or
any combination of the foregoing, and may be applied on an absolute basis and/or
be relative to one or more peer group companies or indices, or any combination
thereof, all as the Committee shall determine. In addition, to the degree
consistent with Section 162(m) of the Code (or any successor section thereto),
the performance goals may be calculated without regard to extraordinary items or
accounting changes. The maximum amount of a Performance-Based Award to any
Participant with respect to a fiscal year of the Company shall be $5,000,000.
The
<PAGE>   11
                                                                              11

Committee shall determine whether, with respect to a performance period, the
applicable performance goals have been met with respect to a given Participant
and, if they have, to so certify and ascertain the amount of the applicable
Performance-Based Award. No Performance-Based Awards will be paid for such
performance period until such certification is made by the Committee. The amount
of the Performance-Based Award actually paid to a given Participant may be less
than the amount determined by the applicable performance goal formula, at the
discretion of the Committee. The amount of the Performance-Based Award
determined by the Committee for a performance period shall be paid to the
Participant at such time as determined by the Committee in its sole discretion
after the end of such performance period; provided, however, that a Participant
may, if and to the extent permitted by the Committee and consistent with the
provisions of Section 162(m) of the Code, elect to defer payment of a
Performance-Based Award.

10.      Adjustments Upon Certain Events

         Notwithstanding any other provisions in the Plan to the contrary, the
following provisions shall apply to all Awards granted under the Plan:

                  (a) Generally. In the event of any change in the outstanding
Shares after the Effective Date by reason of any Share dividend or split,
reorganization, recapitalization, merger, consolidation, spin-off, combination
or exchange of Shares or other corporate exchange, or any distribution to
stockholders of Shares other than regular cash dividends, the Committee shall
make such substitution or adjustment, if any, as it, in its sole discretion and
without liability to any person, deems to be equitable, as to (i) the number or
kind of Shares or other securities issued or reserved for issuance pursuant to
the Plan or pursuant to outstanding Awards, (ii) the Option Price and/or (iii)
any other affected terms of such Awards.

                  (b) Change in Control. In the event of a Change in Control,
Awards granted under the Plan shall accelerate as follows: (i) each Option and
Stock Appreciation Right shall become immediately vested and exercisable;
provided, however, that if such Awards are not exercised prior to the date of
the consummation of the Change in Control, the Committee, in its sole discretion
and without liability to any person may provide for (A) the payment of a cash
amount in exchange for the cancellation of such Award and/or (B) the issuance of
substitute Awards that will substantially preserve the value, rights and
benefits of any affected Awards (previously granted hereunder) as of the date of
the consummation of the Change in Control; (ii) restrictions on Awards of
restricted shares shall lapse; and (iii) Other Stock-Based Awards shall become
payable as if targets for the current period were satisfied at 100%.

                  (c) New D&B Change in Control. In the event of a New D&B
Change in Control, Awards held by New D&B Employees granted under the Plan prior
to the Distribution Date shall accelerate as follows: (i) each Option and Stock
Appreciation Right shall become immediately vested and exercisable; (ii)
restrictions on Awards of restricted shares shall lapse; and (iii) Other
Stock-Based Awards shall become payable as if targets for the current period
were satisfied at 100%.
<PAGE>   12
                                                                              12

11.      No Right to Employment

         The granting of an Award under the Plan shall impose no obligation on
the Company, New D&B or any of their Subsidiaries to continue the employment of
a Participant and shall not lessen or affect the Company's, New D&B's or any of
their Subsidiaries' right to terminate the employment of such Participant.

12.      Successors and Assigns

         The Plan shall be binding on all successors and assigns of the Company
and a Participant, including without limitation, the estate of such Participant
and the executor, administrator or trustee of such estate, or any receiver or
trustee in bankruptcy or representative of the Participant's creditors.

13.      Nontransferability of Awards

         Except as provided in Section 7(h) of the Plan, an Award shall not be
transferable or assignable by the Participant otherwise than by will or by the
laws of descent and distribution. During the lifetime of a Participant, an Award
shall be exercisable only by such Participant. An Award exercisable after the
death of a Participant may be exercised by the legatees, personal
representatives or distributees of the Participant. Notwithstanding anything to
the contrary herein, the Committee, in its sole discretion, shall have the
authority to waive this Section 13 (or any part thereof) to the extent that this
Section 13 (or any part thereof) is not required under the rules promulgated
under any law, rule or regulation applicable to the Company.

14.      Amendments or Termination

         The Board or the Committee may amend, alter or discontinue the Plan,
but no amendment, alteration or discontinuation shall be made which, (a) without
the approval of the stockholders of the Company, would (except as is provided in
Section 10 of the Plan), increase the total number of Shares reserved for the
purposes of the Plan or change the maximum number of Shares for which Awards may
be granted to any Participant or (b) without the consent of a Participant, would
impair any of the rights or obligations under any Award theretofore granted to
such Participant under the Plan; provided, however, that the Board or the
Committee may amend the Plan in such manner as it deems necessary to permit the
granting of Awards meeting the requirements of the Code or other applicable
laws. Notwithstanding anything to the contrary herein, neither the Committee nor
the Board may amend, alter or discontinue the provisions relating to Section
10(b) and 10(c) of the Plan after the occurrence of a Change in Control.

15.      International Participants

         With respect to Participants who reside or work outside the United
States of America and who are not (and who are not expected to be) "covered
employees" within the meaning of Section 162(m) of the Code (or any successor
section thereto), the Committee may, in its sole discretion, amend the terms of
the Plan or Awards with respect to such Participants in order to conform such
terms with the requirements of local law.
<PAGE>   13
                                                                              13

16.      Choice of Law

         The Plan shall be governed by and construed in accordance with the laws
of the State of Delaware applicable to contracts made and to be performed in the
State of Delaware.

17.      Effectiveness of the Plan

         The Plan became effective as of June 30, 1998 upon its approval by the
stockholders at the 1999 Annual Meeting.

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