Document:

Citadel Broadcasting Corporation Senior Executive Annual Bonus Plan

 Exhibit 10.2 
 CITADEL BROADCASTING CORPORATION 
 SENIOR EXECUTIVE ANNUAL BONUS PLAN 
 (As adopted May 22, 2007) 
  

	1.	Purpose 

 This annual incentive plan (the
“Plan”) is applicable to those employees of Citadel Broadcasting Corporation (the “Company”) and its subsidiaries who are executive officers of the Company (“Covered Employees”), including members of the Board of
Directors who are such employees. 
 The Plan is designed to reward, through additional cash compensation, Covered Employees for their
significant contribution toward improved profitability and growth of the Company. 
  

	2.	Eligibility 

 All Covered Employees shall be
eligible to be selected to participate in this Plan. The compensation committee or such other committee (“Committee”) as appointed by the Board of Directors of the Company (the “Board”) shall select the Covered Employees who
shall participate in this Plan (“Participants”) in any year no later than ninety (90) days after the commencement of the twelve (12) month performance period selected by the Committee or such earlier or later date as may be the
applicable deadline for the establishment of performance goals permitting the compensation payable to such Covered Employee for such year hereunder to qualify as “qualified performance-based compensation” under Treasury Regulation section
1.162-27(e) as applicable (the “Determination Date”). 
 To the extent permitted by section 162(m) of the Internal Revenue Code of
1986, as amended (the “Code”) a Covered Employee participating in this Plan may be permitted to participate in any other annual incentive plan established by the Company. 
  

	3.	Administration 

 The Plan shall be administered by
the Committee. The Committee shall be comprised exclusively of members of the Board who are “outside directors” within the meaning of section 162(m)(4)(C) Code of 1986 and Treasury Regulation section 1.162-27(e)(3). The Committee shall
have the authority, subject to the provisions herein: (a) to select Covered Employees to participate in the Plan; (b) to establish and administer the performance goals and the award opportunities applicable to each Participant and certify
whether the goals have been attained; (c) to construe and interpret the Plan and any agreement or instrument entered into under the Plan; (d) to establish, amend, and waive rules and regulations for the Plan’s administration; and
(e) to make all other determinations which may be necessary or advisable for the administration of the Plan. Any determination by the Committee pursuant to the Plan shall be final, binding and conclusive on all Covered Employees, Participants
and anyone claiming under or through any of them. 
  

	4.	Establishment Of Performance Goals And Award Opportunities 

 No later than the Determination Date for each year, the Committee shall establish, in writing, the method for computing the amount of compensation which will be payable under the Plan to each Participant in the Plan for such year if the
performance goals established by the Committee for such year are attained in whole or in part and if the Participant’s employment by the Company or a subsidiary continues without interruption during that year as permitted by the Plan. Such
method shall be stated in terms of an objective formula or standard that precludes discretion to increase the amount of the award that would otherwise be due upon attainment of the goals and may be different for each Participant. No provision of
this Plan shall preclude the Committee from exercising negative discretion with respect to any award hereunder, within the meaning of Treasury Regulation section 1.162-27(e)(2)(iii)(A). 
  

 B-1 

 No later than the Determination Date for each year, the Committee shall establish in writing the
performance goals for such year, which shall be based on any of the following performance criteria, either alone or in any combination, on a consolidated and/or individual business, operating unit or divisional level, or any combination thereof, and
which shall include or exclude discontinued operations, acquisition expenses and restructuring expenses, as the Committee may determine: earnings per share; net income; revenue growth; market share; ratings; rank; market valuation; broadcast cash
flow; free cash flow per share; adjusted earnings before interest, taxes, and depreciation; completion of acquisitions and business expansion; or such other criteria as specifically outlined and detailed by the Committee. The foregoing criteria
shall have any reasonable definitions that the Committee may specify, which may include or exclude any or all of the following items: extraordinary, unusual or non-recurring items; effects of accounting changes; effects of currency fluctuations;
effects of financing activities (e.g., effect on earnings per share of issuing convertible debt securities); expenses for restructuring, productivity initiatives or new business initiatives; non-operating items; acquisition and merger expenses; and
effects of divestitures and/or mergers. Any such performance criterion or combination of such criteria may apply to the Participant’s award opportunity in its entirety or to any designated portion or portions of the award opportunity, as the
Committee may specify. 
  

	5.	Maximum Award 

 The maximum amount of compensation
that may be paid under the Plan to any Participant for any year is $5,000,000. 
  

	6.	Attainment Of Performance Goals Required 

 Awards
shall be paid under this Plan for any year solely on account of the attainment of the performance goals established by the Committee with respect to such year. Awards may be, but are not required to be, contingent upon the Participant remaining
employed by the Company or a subsidiary of the Company during such Plan year. In the event of termination of employment by reason of death, disability or retirement (each as determined by the Committee) or pursuant to a written agreement with the
Company during the Plan year, an award shall be payable under this Plan to the Participant or the Participant’s estate for such year, which shall be paid at the same time as the award the Participant would have received for such year had no
termination of employment occurred or in accordance with the terms of the written agreement with the Company and which shall be equal to the amount of such award multiplied by a fraction the numerator of which is the number of full or partial
calendar months elapsed in such year prior to termination of employment and the denominator of which is the number twelve. Unless otherwise specified by the Committee, a Participant whose employment terminates prior to the end of a Plan year for any
reason not excepted above shall not be entitled to any award under the Plan for that year. 
  

	7.	Shareholder Approval And Committee Certification Contingencies: Payment Of Awards 

 Payment of any awards under this Plan shall be contingent upon the affirmative vote of the
stockholders of at least a majority of the votes cast (including abstentions) approving the Plan. Unless and until such shareholder approval is obtained, no award shall be paid pursuant to this Plan. Subject to the provisions of Paragraph 6 above
relating to death, disability and retirement, payment of any award under this Plan shall also be contingent upon the compensation committee’s certifying in writing that the performance goals and any other material terms applicable to such award
were in fact satisfied, in accordance with applicable treasury regulations under Code section 162(m). Unless and until the Committee so certifies, such award shall not be paid. Unless the Committee provides otherwise, (a) earned awards shall be
paid promptly following such certification, and (b) such payment shall be made in cash (subject to any payroll tax withholding or other applicable taxes as the Company may determine applies) or in stock compensation, as determined in the
discretion of the Company. Payment of any awards under this Plan shall be paid within two-and-one-half (2 1/2)
months of the end of the year in which the Covered Employee vests in his or her right to receive the award. 
  

 B-2 

 To the extent necessary for purposes of Code section 162(m), this Plan shall be resubmitted to
stockholders for their reapproval with respect to awards payable for the taxable years of the Company commencing on and after the five (5) year anniversary of initial shareholder approval. 
  

	8.	Amendment. Termination And Term Of Plan 

 The Board
of Directors may amend, modify or terminate this Plan at any time. The Plan will remain in effect until terminated by the Board. 
  

	9.	Interpretation And Construction 

 Any provision of
this Plan to the contrary notwithstanding, (a) awards under this Plan are intended to qualify as “qualified performance-based compensation” under Treasury Regulation 1.162-27(e) and (b) any provision of the Plan that would
prevent an award under the Plan from so qualifying shall be administered, interpreted and construed to carry out such intention and any provision that cannot be so administered, interpreted and construed shall to that extent be disregarded. No
provision of the Plan, nor the selection of any eligible employee to participate in the Plan, shall constitute an employment agreement or affect the duration of any Participant’s employment, which shall remain “employment at will”
unless an employment agreement between the Company and the Participant provides otherwise. Both the Participant and the Company shall remain free to terminate employment at any time to the same extent as if the Plan had not been adopted. 

 

	10.	Governing Law 

 The terms of this Plan shall be
governed by the laws of the State of Delaware, without reference to the conflicts of laws principles thereof. 
  

 B-3Form of Director Non-Qualified Stock Option Agreement

 Exhibit 10.1 
 TRANSWITCH CORPORATION 
 Director Non-Qualified Stock Option Agreement 
 TranSwitch Corporation, a Delaware corporation (the “Company”), hereby grants as of
                     to
                     (the “Optionee”), an option to purchase a maximum of
             shares (the “Option Shares”) of its Common Stock, $.001 par value (“Common Stock”), at the price of
             per share, on the following terms and conditions: 
 1. Grant Under 1995 Stock Option Plan. This option is granted pursuant to and is governed by the Company’s Third Amended and Restated 1995 Stock Plan, as amended from time to time (the “Plan”) and, unless the
context otherwise requires, terms used herein shall have the same meaning as in the Plan. Determinations made in connection with this option pursuant to the Plan shall be governed by the Plan as it exists on this date. 
 2. Grant as Non-Qualified Option; Other Options. This option shall be treated for federal income tax purposes as a Non-Qualified Option
(rather than an incentive stock option). This option is in addition to any other options heretofore or hereafter granted to the Optionee by the Company or any Related Corporation (as defined in the Plan), but a duplicate original of this instrument
shall not effect the grant of another option. 
 3. Vesting of Option if Business Relationship Continues. If the Optionee has
continued to serve the Company or any Related Corporation in the capacity of a director (such service is described herein as maintaining or being involved in a “Business Relationship with the Company”) on the following dates, the Optionee
may exercise this option for the number of shares of Common Stock set opposite the applicable date: 
 This option will vest as follows:

  

 The foregoing rights are
cumulative and, unless the Optionee’s Business Relationship with the Company is terminated by reason of death, disability or dissolution as defined in Section 5 or termination for Cause as defined in Section 4(c), may be exercised up
to and including the date which is seven (7) years from the date this option is granted. All of the foregoing rights are subject to Sections 4 and 5, as appropriate, if the Optionee ceases to maintain a Business Relationship with the
Company, dies, becomes disabled or undergoes dissolution while involved in a Business Relationship with the Company. 
 4. Termination
of Business Relationship. 
 (a) Termination Other than for Cause: If the Optionee’s Business Relationship with the
Company is terminated, other than by reason of death, disability or dissolution as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option
shall terminate on the scheduled expiration date. In such a case, the Optionee’s only rights hereunder shall be those which are properly exercised before the termination of this option. 

 (b) Termination for Cause: If the Optionee’s Business Relationship with the Company is
terminated for Cause (as defined in Section 4(c)), this option shall terminate upon the Optionee’s receipt of written notice of such termination and shall thereafter not be exercisable to any extent whatsoever. 
 (c) Definition of Cause: “Cause” shall mean conduct involving one or more of the following: (i) the substantial and
continuing failure of the Optionee, after notice thereof, to render services to the Company or Related Corporation in accordance with the terms or requirements of the Optionee’s Business Relationship with the Company; (ii) disloyalty,
gross negligence, willful misconduct, dishonesty or breach of fiduciary duty to the Company or Related Corporation; (iii) the commission of an act of embezzlement or fraud; (iv) deliberate disregard of the rules or policies of the Company
or Related Corporation which results in direct or indirect loss, damage or injury to the Company or Related Corporation; (v) the unauthorized disclosure of any trade secret or confidential information of the Company or Related Corporation; or
(vi) the commission of an act which constitutes unfair competition with the Company or Related Corporation or which induces any customer or supplier to break a contract with the Company or Related Corporation. 
 5. Death; Disability; Dissolution. 
 (a) Death: If the Optionee is a natural person who dies while involved in a Business Relationship with the Company, this option may be exercised, to the extent otherwise exercisable on the date of his or her death, by the
Optionee’s estate, personal representative or beneficiary to whom this option has been assigned pursuant to Section 9, at any time within 180 days after the date of death, but not later than the scheduled expiration date. 

(b) Disability: If the Optionee is a natural person whose Business Relationship with the Company is terminated by reason of his or her
disability (as defined in the Plan), this option may be exercised, to the extent otherwise exercisable on the date the Business Relationship was terminated, at any time within 180 days after such termination, but not later than the scheduled
expiration date. 
 (c) Effect of Termination: At the expiration of such 180-day period provided in paragraph (a) or
(b) of this Section 5 or the scheduled expiration date, whichever is the earlier, this option shall terminate and the only rights hereunder shall be those as to which the option was properly exercised before such termination. 

(d) Dissolution: If the Optionee is a corporation, partnership, trust or other entity that is dissolved, is liquidated, becomes
insolvent or enters into a merger or acquisition with respect to which the Optionee is not the surviving entity, at a time when the Optionee is involved in a Business Relationship with the Company, this option shall immediately terminate as of the
date of such event, and the only rights hereunder shall be those as to which this option was properly exercised before such dissolution or other event. 
 6. Partial Exercise. This option may be exercised in part at any time and from time to time within the above limits, except that this option may not be exercised for a fraction of a share unless such
exercise is with respect to the final installment of stock subject to this option and cash in lieu of a fractional share must be paid, in accordance with Paragraph 13(G) of the Plan, to permit the Optionee to exercise completely such final
installment. Any fractional share with respect to which an installment of this option cannot be exercised because of the limitation contained in the preceding sentence shall remain subject to this option and shall be available for later purchase by
the Optionee in accordance with the terms hereof. 
 7. Payment of Price. (a) The option price shall be paid in the
following manner: 
  

	 	(i)	in United States dollars in cash or by check; 

  

	 	(ii)	in the discretion of the Board of Directors/Committee, subject to paragraph 7(b) below, through delivery of shares of Common Stock having a fair market value (determined by the
Board of Directors of the Company or a committee appointed by the Board) equal as of the date of the exercise to the cash exercise price of the Option; 

	 	(iii)	in the discretion of the Board of Directors/Committee, by delivery of the grantee’s personal recourse note bearing interest payable not less than annually at no less than 100%
of the lowest applicable Federal rate, as defined in Section 1274(d) of the Code, 

  

	 	(iv)	in the discretion of the Board of Directors/Committee, consistent with applicable law, through the delivery of an assignment to the Company of a sufficient amount of the proceeds
from the sale of the Common Stock acquired upon exercise of the Option and an authorization to the broker or selling agent to pay that amount to the Company, which sale shall be at the participant’s direction at the time of exercise; or

  

	 	(v)	in the discretion of the Board of Directors/Committee, by any combination of (i), (ii), (iii) and (iv) above. 

 (b) Limitations on Payment by Delivery of Common Stock: If the Optionee delivers Common Stock held by the Optionee (“Old Stock”)
to the Company in full or partial payment of the option price, and the Old Stock so delivered is subject to restrictions or limitations imposed by agreement between the Optionee and the Company, an equivalent number of Option Shares shall be subject
to all restrictions and limitations applicable to the Old Stock to the extent that the Optionee paid for the Option Shares by delivery of Old Stock, in addition to any restrictions or limitations imposed by this Agreement. Notwithstanding the
foregoing, the Optionee may not pay any part of the exercise price hereof by transferring Common Stock to the Company unless the Optionee has owned such Common Stock free of any substantial risk of forfeiture for at least six months.

 8. Method of Exercising Option. Subject to the terms and conditions of this Agreement, this option may be exercised by
written notice to the Company, at its principal executive office, or to such transfer agent as the Company shall designate. Such notice shall state the election to exercise this option and the number of Option Shares for which it is being exercised
and shall be signed by the person or persons so exercising this option. Such notice shall be accompanied by payment of the full purchase price of such shares, and the Company shall deliver a certificate or certificates representing such shares as
soon as practicable after the notice shall be received. Such certificate or certificates shall be registered in the name of the person or persons so exercising this option (or, if this option shall be exercised by the Optionee and if the Optionee
shall so request in the notice exercising this option, shall be registered in the name of the Optionee and another person jointly, with right of survivorship). In the event this option shall be exercised, pursuant to Section 5 hereof, by any
person or persons other than the Optionee, such notice shall be accompanied by appropriate proof of the right of such person or persons to exercise this option. 
 9. Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution or pursuant to a valid domestic relations order. Except as set forth in
the previous sentence, during the Optionee’s lifetime, only the Optionee can exercise this option. 
 10. No Obligation to
Exercise Option. The grant and acceptance of this option imposes no obligation on the Optionee to exercise it. 
 11. No
Obligation to Continue Business Relationship. Neither the Plan, this Agreement, nor the grant of this option imposes any obligation on the Company or any Related Corporation to continue to maintain a Business Relationship with the Optionee.

 12. No Rights as Stockholder until Exercise. The Optionee shall have no rights as a
stockholder with respect to the Option Shares until the date of issuance of a stock certificate to the Optionee. Except as is expressly provided in the Plan with respect to certain changes in the capitalization and stock dividends of the Company, no
adjustment shall be made for dividends or similar rights for which the record date is before the date such stock certificate is issued. 
 13. Capital Changes and Business Successions. The Plan contains provisions covering the treatment of options in a number of contingencies such as stock splits and mergers. Provisions in the Plan for adjustment with respect to
stock subject to options and the related provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference. 
 14. Withholding Taxes. If the Company or any Related Corporation in its discretion determines that it is obligated to withhold any tax in
connection with the exercise of this option, the vesting or transfer of the Option Shares acquired on the exercise of this option, or the making of a distribution or other payment with respect to the Option Shares, the Optionee hereby agrees that
the Company or any Related Corporation may withhold from the Optionee’s wages or other remuneration the appropriate amount of tax. At the discretion of the Company or Related Corporation, the amount required to be withheld may be withheld in
cash from such wages or other remuneration or in kind from the Common Stock or other property otherwise deliverable to the Optionee on exercise of this option. The Optionee further agrees that, if the Company or Related Corporation does not withhold
an amount from the Optionee’s wages or other remuneration sufficient to satisfy the withholding obligation of the Company or Related Corporation, the Optionee will make reimbursement on demand, in cash, for the amount underwithheld. 

15. Provision of Documentation to Optionee. By signing this Agreement the Optionee acknowledges receipt of a copy of this Agreement and
a copy of the Plan. 
 16. Miscellaneous. 
 (a) Notices: All notices hereunder shall be in writing and shall be deemed given when sent by certified or registered mail, postage prepaid, return receipt requested, to the address set forth below. The
addresses for such notices may be changed from time to time by written notice given in the manner provided for herein. 
 (b) Entire
Agreement; Modification: This Agreement constitutes the entire agreement between the parties relative to the subject matter hereof, and supersedes all proposals, written or oral, and all other communications between the parties relating to
the subject matter of this Agreement. This Agreement may be modified, amended or rescinded only by a written agreement executed by both parties. 
 (c) Severability: The invalidity, illegality or unenforceability of any provision of this Agreement shall in no way affect the validity, legality or enforceability of any other provision. 
 (d) Successors and Assigns: This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns, subject to the limitations set forth in Section 9 hereof. 
 (e) Governing Law: This Agreement
shall be governed by and interpreted in accordance with the laws of the State of Delaware, without giving effect to the principles of the conflicts of laws thereof. The preceding choice of law provision shall apply to all claims, under any theory
whatsoever, arising out of the relationship of the parties contemplated herein. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the Company and the Optionee have caused this instrument to be executed as of the
date first above written. 
  

							
		 		  	TranSwitch Corporation
		 		  	3 Enterprise Drive
		 		  	Shelton, Connecticut 06484
				
	  
	 		  		 	
	Optionee	 		  		 	
				
	  
	 		  	By:	 	  

	Print Name of Optionee	 		  		 	Michael C. McCoy
		 		  	Title:	 	Corporate Secretary
				
	  
	 		  		 	
	Street Address	 		  		 	
				
	  
	 		  		 	
	City       State    Zip    Code

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