Document:

Form of Addendum to Employee Offer Letters for Severance Benefits

 Exhibit 10.78 
  
 Addendum To Employment Offer Letter 
 For Severance Benefits 
  
 The
provisions of this Employment Offer Letter Addendum for Severance Benefits (the “Addendum”) are incorporated into, and are made a part of, that employment offer letter (the “Offer Letter”) by and between you,
                             and the Borland Software Corporation (“Borland”) and these provisions
are effective immediately. Capitalized terms used in this Addendum are either defined herein or in Appendix A. 
  
 1.     Severance Benefits. 
  
 (a)     Termination of Employment Outside of the Change in Control Period. If your employment is terminated as a result of an
Involuntary Termination other than during the Change in Control Period and you sign a release of claims (in a form satisfactory to Borland, an example of which is attached hereto as Appendix B), then you shall be entitled to payment of fifty percent
(50%) of your annual Base Salary, less applicable withholding. Such amount shall be payable in a lump sum no later than five (5) days following expiration of any revocation period required in connection with the release of claims;
provided, however, if this payment is subject to Section 409A and you are a “specified employee” (as defined in Section 409A), this payment shall be made within five (5) days after the six (6) month anniversary of the
Termination Date (or such sooner date that is permitted under Section 409A). 
  
 (b)     Termination of Employment During the Change in Control Period. If your employment is terminated as a result of an Involuntary Termination during the Change in Control Period and you
sign a release of claims (substantially in the form attached hereto as Appendix B), then you shall be entitled to the following severance benefits: 
  
 (i)    Payment of one hundred percent (100%) of your annual Base Salary, less applicable withholding. Such amount shall be
payable in a lump sum no later than five (5) days following expiration of any revocation period required in connection with the release of claims; provided, however, if this payment is subject to Section 409A and you are a “specified
employee” (as defined in Section 409A), this payment shall be made within five (5) days after the six (6) month anniversary of the Termination Date (or such sooner date that is permitted under Section 409A); 
  
 (ii)    All stock options and stock appreciation rights
granted to you after October 27, 2005 shall become fully vested and exercisable as of the Termination Date to the extent such stock options and stock appreciation rights are outstanding and unexercisable at the time of such termination; all
stock subject to a right of repurchase or forfeiture by Borland (or its successor) granted to you after October 27, 2005 shall have such right of repurchase or forfeiture lapse with respect to all of the shares; and any restricted stock unit
awards or other phantom stock awards shall become fully vested and the shares subject to such awards shall be issued no later than five (5) days following expiration of any revocation period required in connection with the release of claims (or
within five (5) days of any later date required to comply with Section 409A). 
  
 (c)     Continuing Medical Coverage. If your employment is terminated as a result of an Involuntary Termination, whether or not a Change in Control Period, and you sign a release of claims
(in a form satisfactory to Borland, an example of which is attached hereto as Appendix B), then you shall be entitled to payment for your premiums for health (i.e., medical, vision and dental) continuation coverage under COBRA; provided, however,
that (i) you are eligible for COBRA on the Termination Date and (ii) you elect continuation coverage pursuant to COBRA, within the required time period. Borland shall continue to provide you with health coverage pursuant to this paragraph
until the earliest of (i) the date you are no longer eligible to receive continuation coverage pursuant to COBRA, (ii) twelve (12) months from the Termination Date or (iii) the date on which you obtain comparable health coverage.
You agree to notify Borland promptly after you obtain alternative health coverage. 
  
 2.     Additional Terms. This Addendum is an amendment of your Offer Letter, which amends and replaces the severance provisions of the Offer Letter. To the extent other terms of your
employment are not specifically addressed in this Addendum, the terms of your Offer Letter shall continue to govern. For example, the terms of your at-will employment and your obligation to arbitrate any disputes shall continue and shall apply to
this Addendum. 

 3.     Mitigation. Except as otherwise specifically provided herein, you shall
not be required to mitigate damages or the amount of any payment provided under this Addendum by seeking other employment or otherwise, nor shall the amount of any payment provided for under this Addendum be reduced by any compensation you earn as a
result of your employment by another employer or by any retirement benefits you receive after the Termination Date. 
  
 4.     Successors. 
  
 (a)     Borland’s Successors. Any successor to Borland (whether direct or indirect and whether by purchase, lease,
merger, consolidation, liquidation or otherwise) to all or substantially all of Borland’s business and/or assets shall assume Borland’s obligations under this Addendum and agree expressly to perform Borland’s obligations under this
Addendum in the same manner and to the same extent as Borland would be required to perform such obligations in the absence of a succession. For all purposes under this Addendum, the term “Borland” shall include any successor to
Borland’s business and/or assets which acknowledges it will be bound by the terms of this Addendum or which becomes bound by the terms of this Addendum by operation of law. 
  
 (b)     Your Successors. Without the written consent of Borland, you shall not assign or
transfer this Addendum or any right or obligation under this Addendum to any other person or entity. Notwithstanding the foregoing, the terms of this Addendum and all you rights hereunder shall inure to the benefit of, and be enforceable by, your
personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
  
 5.     Notices. Notices and all other communications contemplated by this Addendum shall be in writing and shall be deemed to
have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In your case, mailed notices shall be addressed to you at the home address which you most recently
communicated to Borland in writing. In the case of Borland, mailed notices shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its General Counsel. 
  
 6.     Code Section 409A. The parties agree
to amend this Addendum to the extent necessary to avoid imposition of any additional tax or income recognition prior to actual payment to you under Code Section 409A and any temporary or final Treasury Regulations and Internal Revenue
Service guidance thereunder. 
  
 7.    
Miscellaneous Provisions. 
  
 (a)    
Integration. This Addendum represents the entire agreement and understanding between the parties as to the subject matter herein and supersede all prior or contemporaneous agreements and provisions in other agreements related to severance
benefits, whether written or oral. With respect to any conflict between this Addendum and any stock option agreement, stock issuance agreement or other stock award agreement, this Addendum shall prevail. With respect to any conflict between this
Addendum and the Offer Letter or any other employment related agreement, this Addendum shall prevail. For the avoidance of doubt, with respect to any severance benefits provided for under your Offer Letter, this Addendum shall supersede the
provisions of your Offer Letter with respect to severance benefits provided thereunder. 
  
 (b)     Choice of Law. The validity, interpretation, construction and performance of this Addendum shall be governed by the internal substantive laws, but not the conflicts of law rules, of
the State of California. 
  
 (c)    
Employment Taxes. All payments made pursuant to this Addendum shall be subject to withholding of applicable income and employment taxes. 
  
 (d)     Non-Publication. The parties mutually agree not to disclose the terms of this Addendum except to the extent that
disclosure is mandated by applicable law, standard or required corporate reporting, or disclosure is made to the parties’ respective advisors and agents (e.g., attorneys, accountants) or immediate family members. 
  

 -2- 

 IN WITNESS WHEREOF, each of the parties has executed this Addendum, in the case of Borland by its duly
authorized officer, as of the day and year first above written. 
  

									
	BORLAND SOFTWARE CORPORATION:	  	 	 	EXECUTIVE:
				
	 	  	 	 	 	 	 
	(Signature)	  	 	 	(Signature)
					
	 By:
	 	 	  	 	 	 By:
	 	 
					
	 Title:
	 	 	  	 	 	 Title:
	 	 

  

 -3- 

 APPENDIX A 
  

The following definitions shall be in effect under the severance benefits letter: 
  
 (a)     Base Salary. “Base Salary” means your annual base salary as in effect during
the last regularly scheduled payroll period immediately preceding the effective date of your termination due to an Involuntary Termination. 
  
 (b)     Board. “Board” means the Board of Directors of Borland. 
  
 (c)     Change in Control. “Change in
Control” means a change in ownership or control of the Company effected through any of the following transactions: 
  
 (i)    there is consummated a merger, consolidation or other reorganization, unless securities representing more than fifty
percent (50%) of the total combined voting power of the voting securities of the successor corporation are immediately thereafter beneficially owned, directly or indirectly and in substantially the same proportion, by the persons who
beneficially owned the Corporation’s outstanding voting securities immediately prior to such transaction, or 
  
 (ii)    the sale, transfer or other disposition of all or substantially all of the Corporation’s assets in complete liquidation
or dissolution of the Corporation other than a sale or disposition by the Corporation of all or substantially all of the Corporation’s assets to an entity, at least fifty percent (50%) of the combined voting power of the voting securities
of which are owned by stockholders of the Corporation in substantially the same proportions as their ownership of the Corporation immediately prior to such sale, or 
  
 (iii)    the acquisition, directly or indirectly, by any person or related group of persons (other than
the Corporation or a person that directly or indirectly controls, is controlled by, or is under common control with, the Corporation) of beneficial ownership (within the meaning of Rule 13d-3 of the 1934 Act) of securities possessing more than
thirty percent (30%) of the total combined voting power of the Corporation’s outstanding securities pursuant to a tender or exchange offer made directly to the Corporation’s stockholders. 
  
 Notwithstanding the foregoing, a “Change in Control” shall not be
deemed to have occurred by virtue of the consummation of any transaction or series of integrated transactions immediately following which the record holders of the Common Stock immediately prior to such transaction or series of transactions continue
to have substantially the same proportionate ownership in an entity which owns all or substantially all of the assets of the Corporation immediately following such transaction or series of transactions. 
  
 (d)     Change in Control Period. “Change in
Control Period” means the period beginning either (i) two (2) months prior to the effective date of a Change in Control and ending twelve (12) months after the effective date of a Change in Control or (ii) two
(2) months prior to the effective date of a Hostile Takeover and ending twelve (12) months after the effective date of a Hostile Takeover. 
  
 (e)     COBRA. “COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended. 
  
 (f)     Code. “Code” means the Internal
Revenue Code of 1986, as amended. 
  
 (g)    
Constructively Terminated. “Constructively Terminated” means your voluntary resignation following (A) a change in your position with the Company (or any Parent or Subsidiary employing you) which materially reduces your duties
and responsibilities, (B) a reduction in your level of compensation (including base salary, fringe benefits and target bonus under any corporate performance based bonus or incentive programs) or (C) a relocation of your place of employment
by more than fifty (50) miles, provided and only if such change, reduction or relocation is effected by the Corporation without your consent. 
  

 -4- 

 (h)     Hostile Take-Over. “Hostile Take-Over” shall be
deemed to occur in the event of a change in ownership or control of the Company effected through either of the following transactions: 
  
 (i)    a change in the composition of the Board such that the following individuals cease for any reason to constitute a majority of
the Board then serving: individuals who, on the date hereof, constitute the members of the Board and any new Board member (other than a Board member whose initial assumption of office is in connection with an actual or threatened election contest,
including (but not limited to) a consent solicitation, relating to the election of Board members) whose appointment or election by the Board or nomination for election by the Corporation’s stockholders was approved or recommended by a vote of
at least two-thirds (2/3) of the Board members then still in office who either were Board members on the date hereof or whose appointment, election or nomination for election was previously so approved or recommended, or 
  
 (ii)    the acquisition, directly or indirectly, by any
person or related group of persons (other than Borland or a person that directly or indirectly controls, is controlled by, or is under common control with, Borland) of beneficial ownership (within the meaning of Rule 13d-3 of the 1934 Act) of
securities possessing more than thirty percent (30%) of the total combined voting power of the Borland’s outstanding securities pursuant to a tender or exchange offer made directly to the Borland’s stockholders which the Board does
not recommend such stockholders to accept. 
  
 (i)    Involuntary Termination. “Involuntary Termination” means any termination of you by Borland which is not effected for Misconduct; (ii) any purported termination of you by Borland which is
effected for Misconduct but for which the grounds relied upon are not valid; (iii) any voluntary termination by you as a result of your being Constructively Terminated; or (iv) the failure of Borland to obtain the assumption of this
Addendum by any successors contemplated in Section 4 of the Addendum. 
  
 (j)     Misconduct. “Misconduct” means (i) your willful and continued failure to perform the duties and responsibilities of your position that is not corrected within a thirty
(30) day correction period that begins upon delivery to you of a written demand for performance from Borland that describes the basis for Borland’s belief that you have not substantially performed your duties; (ii) any act of personal
dishonesty taken by you in connection with your responsibilities as an employee of Borland with the intention that such may result in substantial personal enrichment for you; (iii) your conviction of, or plea of nolo contendre to, a felony that
Borland reasonably believes has had or will have a material detrimental effect on Borland’s reputation or business, or (iv) your materially breaching your Employee Confidentiality and Assignment of Inventions Agreement, which breach is (if
capable of cure) not cured within thirty (30) days after Borland delivers written notice to you of the breach 
  
 (k)     Section 409A. “Section 409A” shall mean Section 409A of the Code. 
  
 (l)     Termination Date. “Termination
Date” shall mean the effective date of any notice of termination delivered by one party to the other hereunder. 
  
  

 -5- 

 APPENDIX B 
  
 RELEASE OF CLAIMS 
  
 I understand that my employment with Borland Software Corporation
(“Borland”) terminated effective             ,             (the “Separation Date”). Borland has
agreed that if I choose to sign this Release of Claims (“Release”), Borland will pay me certain severance benefits (minus standard withholdings and deductions) pursuant to the terms of the Employment Offer Letter Addendum for
Severance Benefits letter between myself and Borland, dated             (the “Agreement”). I understand that I am not entitled to such benefits unless I sign this Release
and it becomes fully effective. I understand that, regardless of whether I sign this Release, Borland will pay me all of my accrued salary and vacation through the Separation Date, to which I am entitled by law. 
  
 In consideration for the severance benefits I am receiving under the
Agreement, as described therein, I hereby generally and completely release Borland, its directors, officers, employees, stockholders, partners, agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and
assigns from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to my signing this Agreement. This general release includes, but
is not limited to: (1) all claims arising out of or in any way related to my employment with Borland or the termination of that employment or the services I provided to Borland; (2) all claims related to my compensation or benefits from
Borland, including salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock options, restricted stock awards, other equity compensation or any other ownership interests in Borland; (3) all claims
for breach of contract, wrongful termination, and breach of the implied covenant of good faith and fair dealing; (4) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in violation of public policy; and
(5) all federal, state, and local statutory claims, including claims for discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Americans with
Disabilities Act of 1990, the federal Age Discrimination in Employment Act of 1967 (as amended) (“ADEA”), and the California Fair Employment and Housing Act (as amended). Notwithstanding anything contained in this Release, nothing herein
shall release the parties’ rights under this Release and my right (if any) to indemnification granted by any act or agreement of Borland, state or federal law or policy of insurance or any claims for severance benefits under the Agreement.

  
 In releasing claims unknown to me at present, I am waiving all
rights and benefits under Section 1542 of the California Civil Code, and any law or legal principle of similar effect in any jurisdiction: “A general release does not extend to claims which the creditor does not know or suspect to exist
in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.” 
  
 I understand this Release will not be effective until the ADEA Effective Date, defined below. I acknowledge that I am
knowingly and voluntarily waiving and releasing any rights I may have under the ADEA. I also acknowledge that the consideration given for the waiver in the above paragraph is in addition to anything of value to which I was already entitled. I have
been advised by this writing, as required by the ADEA that: (a) my waiver and release does not apply to any claims that may arise after my signing of this Release; (b) I should consult with an attorney prior to signing this Release;
(c) I have twenty-one (21) days within which to consider this Release (although I may choose to voluntarily sign this Release earlier); (d) I have seven (7) days after I sign this Release to revoke it; and (e) this Release
will not be effective until the eighth day after this Release has been signed by me (the “ADEA Effective Date”). 
  
 I accept and agree to the terms and conditions stated above: 
  

			
		
	
	 	

	 Date
	 	  [Name]

  

 -6-Trust Agreement

 Exhibit 10.32 
  
 TRUST AGREEMENT 
  
 THIS AGREEMENT made this 7th day of November, 2005, by and between R.R. DONNELLEY & SONS COMPANY (the “Company”) and
NORTHERN TRUST CORPORATION (the “Trustee”). 
  
 WHEREAS, the Company entered into an employment agreement (the “Employment Agreement”), dated March 24, 2005, with Mark A. Angelson (the “Executive”), which modifies and clarifies the employment agreement
between the parties effective as of November 8, 2003, pursuant to which Employment Agreement the Company is obligated to create a trust pursuant to Section 9(a) thereof (the “Trust”); 
  
 WHEREAS, upon certain events specified in the Employment Agreement,
the Company is obligated to contribute to the Trust assets that shall be held therein, subject to the claims of the Company’s creditors in the event of the Company’s Insolvency (as defined below), until paid to the Executive in such manner
and at such times as specified in the Employment Agreement; and 
  
 WHEREAS, it is the intention of the parties that this Trust shall constitute an unfunded arrangement. 
  
 NOW THEREFORE, the parties do hereby establish the Trust and agree that the Trust shall be comprised, held and disposed of as follows: 

 
 Section 1. Establishment of Trust. 
  

	 	(a)	The Company hereby establishes the Trust with the Trustee, consisting of such sums of money and other property as from time to time shall be paid and delivered to the Trustee from
or on behalf of the Company. 

  
 All such money and
other property paid or delivered to and accepted by the Trustee shall become the principal of the Trust to be held, administered and disposed of by the Trustee as provided in this Trust Agreement. 

	 	(b)	The Trust hereby established is irrevocable by the Company without the Executive’s express written consent. 

  

	 	(c)	The Trust is intended to be a grantor trust, of which the Company is the grantor, within the meaning of subpart E, part I, subchapter J, chapter 1, subtitle A of the Internal
Revenue Code of 1986, as amended, and shall be construed accordingly. 

  

	 	(d)	The principal of the Trust and any earnings thereon shall be held separate and apart from other funds of the Company and shall be used exclusively for the uses and purposes of the
Executive and general creditors of the Company as herein set forth. The Executive shall have no preferred claim on, nor any beneficial ownership interest in, any assets of the Trust. Any rights created under the Employment Agreement and this Trust
Agreement shall be mere unsecured contractual rights of the Executive against the Company. Any assets held by the Trust will be subject to the claims of the Company’s general creditors under federal and state law in the event of Insolvency (as
defined in Section 3(a) herein). 

  

	 	(e)	Immediately after the Company’s obligation to make a contribution to the Trust under the Employment Agreement arises, the Company shall contribute to the Trust cash or common
stock of the Company (as specified in the Employment Agreement), as necessary to satisfy the Company’s obligations under the Employment Agreement. Trustee shall have no duty to enforce any funding obligations of Company, and the duties of
Trustee shall be governed solely by the terms of the Trust Agreement without reference to the terms of the Employment Agreement. 

  
 Section 2. Payments to Executive. 
  

	 	(a)	Immediately after the Company’s obligation to make a contribution to the Trust under the Employment Agreement arises, the Company shall deliver to the Trustee and the Executive
a schedule accurately based on the Employment Agreement (the “Payment Schedule”) that specifies the form in which payments are to be made and the time of commencement for such payments, which time shall be the earliest point permitted
under the Employment Agreement. Except as otherwise provided herein, the Trustee shall make payments to the Executive in accordance with the Payment Schedule. 

  
 It is the intent of the Company and the Trustee that the Company shall be responsible for determining all federal, state and
local tax aspects of the Employment Agreement and the Trust, including without limitation 
  

 - 2 - 

 income taxes, if any, payable on the Trust’s income, any required withholding of income or other
payroll taxes in connection with the payments from the Trust pursuant to the Employment Agreement, and all reporting required in connection with any such taxes. To the extent that the Company is required by applicable law to pay or withhold such
taxes or to file such reports, such obligations shall be a responsibility allocated to the Company hereunder. To the extent the Trustee is required by applicable law to pay or withhold such taxes or to file such reports, the Company shall inform the
Trustee of such obligations, shall direct the Trustee with respect to the performance of such obligations and shall provide the Trustee with all information required by the Trustee to meet such obligations. 
  

	 	(b)	The entitlement of the Executive to payments under the Employment Agreement shall be determined in accordance with the terms of the Employment Agreement. 

 
 Section 3. Trustee Responsibility Regarding Payments to Trust Beneficiary When
Company is Insolvent. 
  

	 	(a)	The Trustee shall cease payments to the Executive if the Company is Insolvent, subject to the provisions of Section 3(b) below. The Company shall be considered
“Insolvent” for purposes of this Trust Agreement if (i) the Company is unable to pay its debts as they become due, or (ii) the Company is subject to a pending proceeding as a debtor under the United States Bankruptcy Code (which
circumstances shall individually or collectively constitute the Company’s “Insolvency”). 

  

	 	(b)	At all times during the continuance of this Trust, as provided in Section 1(d) hereof, the principal and income of the Trust shall be subject to claims of general creditors of
the Company under federal and state law as set forth below. 

  

	 	(1)	The Board of Directors of the Company shall have the duty to inform the Trustee and the Executive in writing of the Company’s Insolvency. If a person claiming to be a creditor
of the Company alleges in writing to the Trustee that the Company has become Insolvent, the Trustee shall immediately notify the Company and the Executive and shall determine whether the Company is Insolvent. Pending such determination, the Trustee
shall discontinue payments to the Executive. In all cases, the Trustee shall be entitled conclusively to rely upon certified minutes or the written certification of the Board of Directors of the Company when determining whether the Company is
Insolvent. 

  

 - 3 - 

	 	(2)	Unless the Trustee has actual knowledge of the Company’s Insolvency, or has received notice from the Company or a person claiming to be a creditor alleging that the Company is
Insolvent, the Trustee shall have no duty to inquire whether the Company is Insolvent. The Trustee may in all events rely on such evidence concerning the Company’s solvency as may be furnished to the Trustee by the Company and that provides the
Trustee with a reasonable basis for making a determination concerning the Company’s solvency. In no event shall “actual knowledge” be deemed to include knowledge of Company’s credit status held by banking officers or banking
employees of The Northern Trust Company which has not been communicated to the trust department of Trustee. Trustee may appoint an independent accounting, consulting or law firm to make any determination of solvency required by Trustee under this
Section 3. In such event, Trustee may conclusively rely upon the determination by such firm and shall be responsible only for the prudent selection of such firm. 

  

	 	(3)	If at any time the Board of Directors, the CEO of Company or other executive officer of the Company notifies Trustee, or the Trustee has determined, that the Company is Insolvent,
then the Trustee shall discontinue payments to the Executive and shall hold the assets of the Trust for the benefit of the Company’s general creditors. Nothing in this Trust Agreement shall in any way diminish any rights of the Executive to
pursue his rights as a general creditor of the Company with respect to payments due under the Employment Agreement or otherwise. 

  

	 	(4)	The Trustee shall resume the payments to the Executive in accordance with Section 2 of this Trust Agreement only after the Trustee has determined that the Company is not
Insolvent (or is no longer Insolvent) or pursuant to an order from the U.S. Bankruptcy Court or other court of competent jurisdiction. 

  

	 	(c)	Provided that there are sufficient assets, if the Trustee discontinues the payments from the Trust pursuant to Section 3(b) hereof and subsequently resumes such payments, the
first payment following such discontinuance (to the extent not inconsistent with an order from the U.S. Bankruptcy Court or other court of competent jurisdiction) shall include the aggregate amount of all payments due to the Executive under the
terms of the Employment Agreement for the period of such discontinuance, less the aggregate amount of any payments (as certified to the Trustee and the Executive by the Company) made to the Executive by the Company in lieu of the payments provided
for hereunder during any such period of discontinuance, all in accordance with the Payment Schedule, which shall be accurately modified by Company as necessary to comply with the provisions of this paragraph (c). 

  

 - 4 - 

 Section 4. Payments to Company. 
  
 Except as provided in Section 3, the Company shall have no right or power to direct the Trustee to return to the
Company or to divert to others any of the Trust assets before all payments have been made to the Executive pursuant to the terms of the Employment Agreement (as certified to the Trustee and the Executive by the Company). Trustee shall be entitled to
rely conclusively upon Company’s and the Executive’s joint written certification that all such payments have been made. 
  
 Section 5. Investment and Administrative Authority. 
  
 Subject to such written investment guidelines or instructions as may be provided to Trustee from time to time by the Executive, Trustee shall invest and
reinvest Trust assets in property of any kind in accordance with this Section 5. If Trustee shall not have received written investment guidelines or instructions from the Executive, then Trustee shall invest for short term purposes any cash in
its custody in the investment fund specified in a separate writing from the Executive, which writing may be modified by the Executive from time to time (“Permitted Investments”). Notwithstanding the foregoing, any common stock of the
Company contributed to the Trust shall be retained by the Trustee, provided that the Executive may direct the Trustee in writing to sell any such common stock of the Company. The proceeds of such sale shall be invested by the Trustee in accordance
to any written investment guidelines or instructions it receives from the Executive or, if no such guidelines or instructions have been received, in Permitted Investments. The Trustee shall have no investment review or responsibility for any shares
of common stock of the Company contributed to the Trust or for the retention thereof. All gains and losses, interest and dividends and voting rights with respect to the assets of the Trust shall inure to the benefit of the Executive. Subject to this
Section 5, all rights associated with assets of the Trust shall be exercised by Trustee at the direction of the Executive and shall in no event be directly exercisable by or rest with the Executive. 
  
 Section 6. Contractual Settlement and Income; Market Practice Settlements

  

	 	(a)	In accordance with the Trustee’s standard operating procedure, the Trustee shall credit the Trust with income and maturity proceeds on securities, net of any expenses, on the
earlier of the contractual payment date or upon actual receipt. 

  

	 	(b)	In accordance with the Trustee’s standard operating procedure, the Trustee will attend to the settlement of securities transactions on the basis of either contractual
settlement date accounting or actual settlement date accounting. 

  

 - 5 - 

 Section 7. Disposition of Income. 
  
 During the term of this Trust, all income received by the Trust, net of any expenses, shall be accumulated and reinvested
pursuant to the terms of Section 5 herein. 
  
 Section 8. Accounting
by Trustee. 
  
 The Trustee shall keep accurate and detailed
records of all investments, receipts, disbursements, and all other transactions required to be made. Within 30 days following the close of each calendar quarter, and within 30 days after the removal or resignation of the Trustee, or upon receipt of
a written request from either the Company or the Executive, the Trustee shall deliver to the Company and the Executive a written account of its administration of the Trust setting forth all investments, receipts, disbursements and other transactions
affected by it. In the absence of the filing in writing with Trustee by the Company or the Executive of exceptions or objections to any such account within one year, the Company or the Executive, as the case may be, shall be deemed to have approved
such account; in such case, or upon the written approval by the Company or Executive of any such account, Trustee shall be released, relieved and discharged with respect to all matters and things set forth in such account as though such account had
been settled by the decree of a court of competent jurisdiction. Trustee may conclusively rely on determinations of the Executive of valuations for assets of the Trust for which Trustee deems there to be no readily determinable fair market value and
on determinations of the issuing insurance company of valuations for insurance contracts/policies. 
  
 Section 9. Responsibility of Trustee. 
  

	 	(a)	The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such
matters would use in the conduct of an enterprise of a like character and with like aims; provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given in writing
jointly by the Company and the Executive. In the event of a dispute, controversy or claim among the Trustee, the Executive and Company (each a “Party” solely for purposes of this Section) with respect to the administration of this Trust,
any such dispute, controversy or claim shall be finally settled by binding arbitration in Chicago, Illinois in accordance with the following provisions: 

  

	 	(i)	The Parties agree and understand that if any Party requests binding arbitration, there is no right to trial by jury or otherwise and the 

  

 - 6 - 

 arbitrator will have no authority to award punitive damages or other damages not measured by the
prevailing Party’s actual damages. 
  

	 	(ii)	The arbitration will be conducted (1) in Cook County, Illinois, (2) before one arbitrator designated by the Parties, or if the Parties cannot agree on the designation of
an arbitrator within sixty days of a request by any Party for binding arbitration, by the arbitration association (defined in paragraph (iii) below); (3) in accordance with the United States Arbitration Act (Title 9 of the United States
Code), notwithstanding any choice of law provision in this Trust Agreement; (4) under the arbitration rules (defined in paragraph (iii) below) in effect at the time of filing the demand for arbitration. The arbitrator’s award shall be
in writing and shall include a statement of the reasons for the award. Judgment upon the award may be entered in any court having jurisdiction. The decision of the arbitrator shall be rendered within 30 days of the close of the arbitration hearing
and shall be final and binding. The Parties shall pay their own expenses of arbitration and legal fees, and the expenses of the arbitrator shall be equally shared; provided, however, that the arbitrator may assess, as part of its award, all or any
part of the arbitration expenses (including reasonable attorneys’ fees of any other Party and arbitrators’ fees under the standards and law applicable under Rules 11 and 27 of the Federal Rules of Civil Procedure) against the Party which
does not substantially prevail in such arbitration. 

  

	 	(iii)	In any arbitration proceeding pursuant to subsection (ii) above, this Trust Agreement shall be governed as to all matters, including validity, interpretation and enforcement,
by the laws of the State of Illinois, except as superseded by the laws of the United States. For purposes of this Section, (1) the term “arbitration association” shall mean Judicial Arbitration and Mediation Services, Inc.
(“JAMS”), or its successor and (2) the term “arbitration rules” shall mean the JAMS’ Comprehensive Arbitration Rules and Procedures (unless the Parties agree to use JAMS’s Streamlined Rules).

  

	 	(iv)	The Parties agree that any attempt to avoid arbitration by instituting procedures in any other forum shall constitute a material breach of this Trust Agreement and will cause
irreparable harm to the other Parties, including, but not limited to disrupting business and incurring legal expenses, thereby requiring an immediate judicial order to return the cause to arbitration and terminate any other proceedings. Judicial
orders to enforce the arbitration provisions of this Trust Agreement and otherwise in aid of arbitration may be entered by the federal and state courts located in 

  

 - 7 - 

 Cook County, Illinois, at any time prior to or after a final decision by the arbitrators, and the
Parties hereby submit to personal jurisdiction in the State of Illinois and to venue in such courts; provided, however, no provision of this Section limits the right of the Parties to obtain provisional or ancillary remedies from a court of
competent jurisdiction before, during or after the arbitration procedure. 
  

	 	(b)	The Trustee is not a party to, and has no duties or responsibilities under, the Employment Agreement. In any case in which a provision of this Trust Agreement conflicts with any
provision in the Employment Agreement, this Agreement shall control. 

  

	 	(c)	The Trustee shall not be responsible for the title, validity or genuineness of any property or evidence of title thereto received by it or delivered by it pursuant to this Trust
Agreement and shall be held harmless in acting upon any notice, request, direction, instruction, consent, certification or other instrument believed by it to be genuine and delivered by the proper party or parties. 

  

	 	(d)	Company (which has the authority to do so under the laws of its state of incorporation) shall indemnify Trustee, and defend it and hold it harmless from and against any and all
liabilities, losses, claims, suits or expenses (including attorneys’ fees) of whatsoever kind and nature which may be imposed upon, asserted against or incurred by Trustee at any time (1) by reason of its carrying out its responsibilities
or providing services under this Trust Agreement, or its status as Trustee, or by reason of any act or failure to act under this Trust Agreement, except to the extent that any such liability, loss, claim, suit or expense arises directly from
Trustee’s negligence or misconduct in the performance of responsibilities specifically allocated to it under this Trust Agreement, or (2) by reason of the Trust’s failure to qualify as a grantor trust under the IRS grantor trust rules
or the Employment Agreement’s failure to qualify top-hat plan exempt from Parts 2, 3, and 4 of Title 1 of the Employee Retirement Income Security Act of 1974, as amended. This paragraph shall survive the termination of this Trust Agreement.

  

	 	(e)	If the Trustee undertakes or defends any litigation arising in connection with the Trust, other than any litigation not covered by the indemnity set forth in Paragraph
(d) above and other than litigation instituted by the Company or one of its affiliates with respect to the Trustee’s alleged breach of the obligations set forth in this Trust Agreement, the Company agrees to indemnify the Trustee against
the Trustee’s costs, expenses and liabilities (including, without limitation, attorneys’ fees and expenses) relating thereto and to be primarily liable for such payments. 

  

 - 8 - 

	 	(f)	The Trustee may consult with legal counsel (who may also be counsel for the Company generally) with respect to any of its duties or obligations hereunder and as a part of its
reimbursable expenses under this Agreement, pay counsel’s reasonable compensation and expenses. 

  

	 	(g)	The Trustee may hire agents, accountants, actuaries, investment advisors, financial consultants or other professionals, including affiliates, to assist it in performing any of its
duties or obligations hereunder. 

  

	 	(h)	The Trustee shall have without exclusion, all powers conferred on Trustees by applicable law, unless expressly provided otherwise herein. 

  

	 	(i)	Notwithstanding any powers granted to the Trustee pursuant to this Trust Agreement or to applicable law, the Trustee shall not have any power that could give this Trust the
objective of carrying on a business and dividing the gains therefrom, within the meaning of Section 301.7701-2 of the Procedure and Administrative Regulations promulgated pursuant to the Internal Revenue Code. 

  

	 	(j)	The Trustee shall promptly report to Executive in the event the Company fails to timely deliver any certification pursuant to Section 3 of this Agreement or to fund the Trust
in respect of any amounts required to be funded under the terms of the Employment Agreement and this Trust Agreement. 

  

	 	(k)	Trustee shall not be liable for any delay in performance, or non-performance, of any obligation hereunder to the extent that the same is due to forces beyond Trustee’s
reasonable control, including but not limited to any industrial, juridical, governmental, civil or military action; acts of terrorism, insurrection or revolution; nuclear fusion, fission or radiation; failure or fluctuation in electrical power,
heat, light, air conditioning or telecommunications equipment; or acts of God. 

  
 Section 10. Compensation and Expenses of Trustee. 
  
 The Company shall pay all administrative and Trustee’s fees and expenses authorized and required to be paid by the Company pursuant to this Trust Agreement. The Trustee shall be entitled to fees for services as
mutually agreed in writing with the Company. 
  
 Section 11. Resignation
and Removal of Trustee. 
  

	 	(a)	The Trustee may resign at any time by written notice to the Company and the Executive, which shall be effective 60 days after receipt of such notice unless the Company and the
Trustee agree otherwise. 

  

 - 9 - 

	 	(b)	If the Executive consents in writing, the Trustee may be removed at any time by the Company 60 days after receipt of such notice or upon such shorter notice period accepted by the
Trustee. 

  

	 	(c)	Upon resignation or removal of the Trustee and appointment of a successor trustee, all assets shall subsequently be transferred to the successor trustee. The resigning or removed
Trustee is authorized, however, to reserve such amount as may be necessary for the payment of its fees and expenses incurred prior to resignation or removal. The transfer shall be completed as soon as practicable after receipt of the notice
of resignation, removal or transfer. 

  

	 	(d)	If the Trustee resigns or is removed, the Company and the Executive shall jointly select a successor trustee in accordance with the provisions of Section 12 hereof prior to the
effective date of the Trustee resignation or removal. 

  
 Section 12. Appointment of Successor. 
  
 If
the Trustee resigns or is removed pursuant to the provisions of Section 11 hereof, the Company and the Executive shall jointly appoint a third party national banking association with a market capitalization exceeding $1,000,000,000 as a
successor to replace the Trustee upon such resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the
Trust assets. The Trustee shall execute any instrument necessary or reasonably requested by the successor Trustee to evidence the transfer of Trust assets. 
  
 Section 13. Amendment or Termination. 
  

	 	(a)	This Trust Agreement shall not be changed without the written consent of the Trustee, the Company and the Executive. 

  

	 	(b)	The Trust shall not terminate until the date on which the Executive is no longer entitled to payments pursuant to the terms of the Employment Agreement (as jointly certified to the
Trustee by the Company and the Executive upon which certification Trustee may conclusively rely). Upon termination of the Trust any assets remaining in the Trust shall be returned to the Company. 

  

	 	(c)	Upon written approval of the Executive, the Company may terminate this Trust prior to the time all payments under the Employment Agreement have been made. All assets in the Trust at
termination shall be returned to the Company. 

  

 - 10 - 

 Section 14. Miscellaneous. 
  

	 	(a)	Neither the Company nor the Trustee may assign this Agreement without the prior written consent of the other and the Executive, except that the Trustee may assign its rights and
delegate its duties hereunder to any corporation or entity which directly or indirectly is controlled by, or is under common control with, the Trustee. This Agreement shall be binding upon, and inure to the benefit of, the Company, the Executive and
the Trustee and their respective successors and permitted assigns. Any entity which shall by merger, consolidation, purchase, or otherwise, succeed to substantially all the trust business of the Trustee shall, upon such succession and without any
appointment or other action by the Company, be and become successor trustee hereunder. The Trustee shall promptly notify the Company and the Executive of any entity succeeding to such trust business. 

  

	 	(b)	The provisions of this Trust Agreement shall be construed, administered and enforced according to the laws of the state of Illinois without regard to its principles of conflict of
laws. 

  

	 	(c)	Any provision of this Trust Agreement prohibited by law shall be ineffective to the extent of any such prohibition, without invalidating the remaining provisions hereof.

  

	 	(d)	To the maximum extent permitted by law, (a) no distribution or payment under this Trust Agreement may be anticipated, assigned (either at law or in equity), alienated or
subject to attachment, garnishment, levy, execution or other legal or equitable process, whether pursuant to a “qualified domestic relations order”, as defined in section 414(p) of the Code, or otherwise; and (b) the Trust shall in no
manner be liable for or subject to the debts or liabilities of the Executive. 

  

	 	(e)	Notwithstanding anything to the contrary contained elsewhere in this Trust Agreement, any reference to the Employment Agreement or Employment Agreement provisions which require
knowledge or interpretation of the Employment Agreement shall impose a duty upon the Company to communicate such knowledge or interpretation to the Trustee. The Trustee shall have no obligation to know or interpret any portion of the Employment
Agreement and shall in no way be liable for any proper action taken contrary to a provision of the Employment Agreement except as directed in writing by the Company. Mere possession by the Trustee of a copy of the Employment Agreement document shall
not constitute awareness or knowledge of such provision. 

  

 - 11 - 

	 	(f)	This Trust Agreement shall be construed, and all provisions hereof shall be enforced and administered, according to the laws of the State of Illinois without regard to principles of
choice of law. The parties hereby expressly waive, to the full extent permitted by applicable law, any right to trial by jury with respect to any judicial proceeding arising from or related to this Agreement. 

  

	 	(g)	Subject to the joint certifications otherwise required by this Trust Agreement, any action required to be taken by Company shall be by resolution of its board of directors or by
written direction of one or more of its president, any vice president or treasurer or anyone designated by such person to act on behalf of Company. The Trustee may rely upon a resolution or direction filed with the Trustee and, subject to the joint
certifications otherwise required by this Trust Agreement, shall have no responsibility for any action taken by the Trustee in accordance with any such resolution or direction. 

  

	 	(h)	In making payments to service providers pursuant to authorized directions, the Company acknowledges that the Trustee is acting as paying agent, and not as the payor, for tax
information reporting and withholding purposes. 

  
 Section 15. Reliance on Representations. 
  

	 	(a)	The Company and the Trustee each acknowledge that the other will be relying, and shall be entitled to rely, on the representations, undertakings and acknowledgments of the other as
set forth in this Agreement. The Company and the Trustee each agree to notify the other promptly if any of its representations, undertakings, or acknowledgments set forth in this Agreement ceases to be true. 

  

	 	(b)	The Company and the Trustee hereby each represent and warrant to the other that it has full authority to enter into this Agreement upon the terms and conditions hereof and that the
individual executing this Agreement on its behalf has the requisite authority to bind it to this Agreement. 

  

 - 12 - 

 Section 16. Effective Date. 
  
 The effective date of this Trust Agreement shall be the 7th day of November, 2005. 
  

			
	R.R. DONNELLEY & SONS COMPANY
		
	By:	 	 /s/ Robert Kelderhouse

	Name:	 	Robert Kelderhouse
	Title:	 	Senior Vice President, Treasurer
	
	NORTHERN TRUST CORPORATION
		
	By:	 	 /s/ Alex Vecchiet

	Name:	 	Alex Vecchiet
	Title:	 	Vice President

  

 - 13 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}]]