Document:

Summary of Executive Compensation

 Exhibit 10.16 
 IDEARC INC. 
 SUMMARY OF 2007 EXECUTIVE COMPENSATION PROGRAM 
 On January 9, 2007, the board of directors (the “Board”) of Idearc Inc. (the “Company”) established target
incentive compensation plan award percentages for the Company’s named executive officers who are not covered by an employment agreement. On February 15, 2007, the Board approved the terms and conditions of the Company’s 2007 short-
and long-term incentive plans. On March 4, 2007, the Board approved the base salary (effective March 1, 2007) and target short- and long-term incentive target award percentages for the Company’s President and Chief Executive Officer.

 Awards under the Company’s 2007 short-term incentive plan will be measured by the attainment of performance targets related to print
published revenue, internet revenue and operating income before interest, taxes, depreciation and amortization (OIBITDA) during the period beginning January 1, 2007, and ending December 31, 2007. These awards, based on the achievement of
these performance targets, will be paid in cash during the first quarter of 2008. Achievement of 100% of the short-term incentive performance targets would result in the payment of an award determined by multiplying the applicable executive’s
base salary by the target short-term incentive percentage set forth in the table below (the “Target STI Award”). Achievement of the minimum threshold for payment of an award would result in an award payment equal to 25% of the
Target STI Award. The maximum award payout would result in an award payment equal to 200% of the Target STI Award. The percentage of the Target STI Award actually paid will be based on the level of attainment of the performance targets. 

Awards under the Company’s 2007 long-term incentive plan will be measured by the Company’s Total Shareholder Return
(“TSR”), relative to the TSR of a market benchmark over a three-year measurement period beginning on January 1, 2007, and ending on December 31, 2009 (the “LTI Measurement Period”). Achievement of 100% of
the long-term incentive performance target would result in the payment of an award determined by multiplying the closing price of the Company’s common stock on the last trading day in the LTI Measurement Period by the number of performance
units granted to the applicable executive on the grant date (the “Target LTI Award”). The number of performance units granted on the grant date was determined by (i) multiplying the applicable executive’s base salary by
the target long-term incentive percentage set forth in the table below, and (ii) dividing the product thereof by the closing price of the Company’s common stock on the grant date. Achievement of the minimum threshold for payment of an
award would result in an award payment equal to 25% of the Target LTI Award. The maximum award payout would result in an award payment equal to 150% of the Target LTI Award. The percentage of the Target LTI Award actually paid will be based on the
level of attainment of the performance target. The performance units will be settled in cash at the end of the LTI Measurement Period. 
 The
table below sets forth the 2007 base salary levels and target incentive percentages under the Company’s 2007 short- and long-term incentive programs for each of the Company’s named executive officers. 
  

								
	 Name
	  	Base Salary (1)	  	 Target Short-Term
 Incentive Percentage
 (as % of
base salary)
	 	 Target Long-Term
 Incentive Percentage
 (as % of
base salary)

	 Katherine J. Harless 
 President and Chief Executive Officer
	  	$	650,000	  	112.5%	 	425%
	 Andrew Coticchio 
 Executive Vice President, Chief Financial Officer and Treasurer
	  	$	425,000	  	80%	 	175%
	 Frank P. Gatto 
 President – Northeast
	  	$	307,400	  	80%	 	175%
	 W. Scott Hanle 
 President – West and Independent
	  	$	303,900	  	80%	 	175%
	 Scott B. Laver 
 President – Mid-Atlantic
	  	$	304,300	  	80%	 	175%

 (1) The base salary for each executive was effective
as of January 1, 2007, except for the base salary of Ms. Harless, which was effective as of March 1, 2007.Form of Director Restricted Stock Agreement for One-Time Award

 Exhibit 10.17 
 IDEARC INC. FORM OF 
 RESTRICTED STOCK AGREEMENT 
 This Agreement is made as of the             day of
            ,             , by and between IDEARC INC., a Delaware corporation (the “Company”), and [name] (the
“Director”). 
 1. Award. The Company has made a restricted stock award to the Director for
            shares of the Company’s common stock (the “Shares”). The award and the Shares are subject to the provisions of the Idearc Inc. Long Term Incentive Plan (the
“Plan”), a copy of which is furnished with this Agreement, and, to the extent not inconsistent with the Plan, the terms and conditions of this Agreement. 
 2. Vesting and Forfeiture. Except as otherwise specified, the Shares will become vested on [date], subject to the Director’s continuous service as a member of the Company’s Board of Directors
(“Service”). If the Director’s Service terminates before [date] by reason of the Director’s death, then the Director will be vested in one-third, two-thirds or all of the Shares depending upon whether the Director’s death
occurs during the first, second or third year of the three-year vesting period. The Director will forfeit all rights, title and interest in and to the Shares if and to the extent they have not become vested on or before the termination of the
Director’s Service. 
 3. Change in Control. If a “change in control” (within the meaning of the Plan) occurs and if
the Director’s Service continues until the date immediately preceding the date of the change in control, then, immediately prior to the change in control, the Director will become fully vested in all of the Shares covered by this Agreement.

 4. Beneficiary Designation. The Director may designate a beneficiary who shall be entitled to receive Shares that become vested by
reason of the Director’s death. Any such designation must be made in writing in such manner and in accordance with such other requirements as may be prescribed by the Company’s Senior Vice President—Human Resources. If the Director
fails to designate a beneficiary, or if no designated beneficiary survives the Director, the Director’s beneficiary shall be the Director’s surviving spouse, if any, or, if none, the Director’s estate. 
 5. Transfer Restrictions. Except as otherwise permitted with respect to Shares that become vested upon the Director’s death, the Director may
not sell, assign, transfer, pledge, hedge, hypothecate, encumber or dispose of in any way (whether by operation of law or otherwise) any unvested Shares, and unvested Shares may not be subject to execution, attachment or similar process. Any sale or
transfer, or purported sale or transfer, shall be null and void. The Company will not be required to recognize on its books any action taken in contravention of these restrictions. 
 6. Dividends and Voting Rights. No dividends will be payable on unvested Shares; however, the Director will be credited with cash dividend
equivalents equal to the amount or value of the dividends that would have been paid on the unvested Shares if they were vested. The dividend equivalents, if any, will be credited to a bookkeeping account in the name of the Director and will be
payable to the Director if and when the vesting and forfeiture conditions 

  

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applicable to the corresponding unvested Shares shall have lapsed. The Director will be entitled to exercise voting rights with respect to the unvested
Shares. 
 7. Issuance of Shares. The Director is the record owner of the Shares on the Company’s books, subject to the
restrictions and conditions set forth in this Agreement. By executing this Agreement, the Director expressly authorizes the Company to cancel, reacquire, retire or retain, at its election, any unvested Shares if and when they are forfeited in
accordance with this Agreement. The Director will execute and deliver such other documents and take such other actions, if any, as the Company may reasonably request in order to evidence such action with respect to any unvested Shares that are
forfeited. If and when the Shares become vested, the vested Shares will no longer be subject to the transfer restrictions contained in this Agreement and the Company’s books will be updated accordingly. 
 8. Dispute Resolution. The Human Resources Committee of the Board, acting in its discretion in accordance with the Plan, has sole authority for
all matters relating to the administration, interpretation and settlement of the award covered by this Agreement, and its determinations are binding and conclusive. Any subsequent claim or controversy that arises with respect to the Director’s
award and/or the Shares covered by the award that cannot be settled after good faith discussions between the Company and the Director shall be resolved exclusively by arbitration. The arbitration will be administered in accordance with the
employment dispute resolution rules of the American Arbitration Association and will be conducted in the Dallas metropolitan area before an experienced employment law arbitrator selected in accordance with such rules. Attorneys’ fees and costs
may be awarded to a prevailing party in the discretion of the arbitrator. The arbitrator’s award will be enforceable, and a judgment may be entered thereon, in a federal or state court of competent jurisdiction in the state where the
arbitration was held. The decision of the arbitrator will be final and binding. 
 9. Applicable Law. The validity, construction,
interpretation and effect of this Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to the conflicts of laws provisions thereof. 
 10. Entire Agreement. This Agreement contains the entire agreement between the Director and the Company with respect to the award and the Shares.
Any and all prior written and prior or contemporaneous oral agreements, representations, warranties, written inducements, or other communications by any person with respect to the award and/or the Shares are superseded by this Agreement and are void
and ineffective for all purposes. 
  

			
	IDEARC INC.
		
	By:	 	  
	
	  
	 [name]
 Director

  

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