Document:

Exhibit 10.11.2

 Exhibit 10.11.2 
 PAETEC HOLDING CORP. 
 2007 OMNIBUS INCENTIVE PLAN 
 INCENTIVE STOCK OPTION AGREEMENT 
 PAETEC Holding Corp., a Delaware corporation (the “Company”), hereby grants an option to purchase shares of the common stock, par value $.01 per share, of the Company (the “Stock”) to the Grantee named below. The terms
and conditions of the option are set forth in this cover sheet, in the attached term sheet (together with this cover sheet, the “Agreement”), and in the Company’s 2007 Omnibus Incentive Plan (the “Plan”). 
 Grant Date:                     
    ,          
 Name of Grantee:
                                        

 Number of shares of Stock Covered by Option:
                     
 Option Price per share:
$            .         
 Vesting Start
Date:                     ,          
 Carefully review all of the terms and conditions described in the Agreement and in the Plan, a copy of which has been provided to you. In the event
any provision of this Agreement should appear to be inconsistent with the Plan, the Plan will control. 
 Attachment 
 This is not a stock certificate or a negotiable instrument. 

 PAETEC HOLDING CORP. 
 2007 OMNIBUS INCENTIVE PLAN 
 INCENTIVE STOCK OPTION AGREEMENT 
  

			
	 Incentive Stock Option
	  	This option is intended to be an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), and will be interpreted accordingly. If you
cease to be an employee of the Company, its parent or a subsidiary (“Employee”) but continue to provide Service, this option will be deemed a non-qualified stock option three (3) months after you cease to be an Employee. In addition, to
the extent that all or part of this option exceeds the $100,000 rule of Section 422(d) of the Code, this option or the lesser excess part will be deemed to be a non-qualified stock option.
		
	Vesting	  	This option is only exercisable before it expires and then only with respect to the vested portion of the option. Subject to the preceding sentence, you may exercise this option, in whole or
in part, to purchase a whole number of vested shares that is not less than 100 shares, unless the number of shares purchased is the total number available for purchase under the option, by following the procedures set forth in the Plan and below in
this Agreement.
		
		  	Your right to purchase shares of Stock under this option will vest as to              (    ) of
the total number of shares covered by this option, as shown on the cover sheet, on the [    ]-year anniversary of the Vesting Start Date (the “Anniversary Date”), provided you then continue in Service.
Thereafter, for each such vesting date that you remain in Service, the number of shares of Stock which you may purchase under this option will vest at the rate of             
(    ) per year as of each subsequent Anniversary Date. The resulting aggregate number of vested shares will be rounded to the nearest whole number, and you cannot vest in more than the number of shares covered by this
option.
		
		  	No additional shares of Stock will vest after your Service has terminated for any reason.
		
	Term	  	This option will expire in any event at the close of business at Company headquarters on the day before the tenth (10th) anniversary of the Grant Date, as shown on the cover sheet; provided, however, that if you are a Ten Percent Stockholder, an option granted to you that is
intended to be an incentive stock option will expire at the close of business at Company headquarters on the day before the fifth (5th) anniversary of the Grant Date. This option will expire earlier if your Service terminates, as described below.

  

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	 Regular Termination
	  	If your Service terminates for any reason, other than death, Disability or Cause, then this option will expire at the close of business at Company headquarters on the 90th day after your termination date.
		
	 Termination for Cause
	  	If your Service is terminated for Cause, then you will immediately forfeit all rights to this option and the option will immediately expire.
		
	 Death
	  	If your Service terminates because of your death, then this option will expire at the close of business at Company headquarters on the date that is twelve (12) months after the date of death.
During that twelve-month period, your estate or heirs may exercise all or any portion of this option that was vested as of the date of death.
		
		  	In addition, if you die during the 90-day period described in connection with a regular termination (i.e., a termination of your Service not on account of your death, Disability or
Cause), and a vested portion of this option has not yet been exercised, then this option will instead expire on the date that is twelve (12) months after your termination date. In such a case, during the period following your death up to the date
that is twelve (12) months after your termination date, your estate or heirs may exercise all or any portion of this option that was vested as of the date of your termination of employment with the Company.
		
	 Disability
	  	If your Service terminates because of your Disability, then this option will expire at the close of business at Company headquarters on the date that is twelve (12) months after your termination
date. During that twelve-month period, you may exercise all or any portion of this option that was vested as of your termination date.
		
	 Leaves of Absence
	  	For purposes of this option, your Service does not terminate when you go on a bona fide employee leave of absence that was approved by the Company in writing, if the terms of the leave provide
for continued Service crediting, or when continued Service crediting is required by applicable law. However, your Service will be treated as terminating three (3) months after you go on employee leave, unless your right to return to active work is
guaranteed by law or by a contract. Your Service terminates in any event when the approved leave ends unless you immediately return to active employee work.
		
		  	The Company will determine, in its sole discretion, which leaves count for this purpose, and when your Service terminates, for all purposes under the Plan.

  

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	 Notice of Exercise
	  	When you wish to exercise this option, you must notify the Company by filing the proper “Notice of Exercise” form at the address given on the form. Your notice must specify the number
of whole shares you wish to purchase (in a parcel of at least 100 shares, generally). Your notice must also specify how your shares of Stock should be registered (in your name only or in your and your spouse’s names as joint tenants with the
right of survivorship). The notice will be effective when it is received by the Company.
		
		  	If someone else wants to exercise this option after your death, that person must prove to the Company’s satisfaction that he or she is entitled to do so.
		
	 Form of Payment
	  	 When you submit your notice of exercise, you must include payment of the option price for the shares you are purchasing. Payment may be made in one
(or a combination) of the following forms:
  
 •     Cash, your personal check, a cashier’s check, a money order or another cash equivalent acceptable to the Company.
  
 •     Shares of Stock which have already been owned by you and which are surrendered to the
Company. The value of the shares, determined as of the effective date of the option exercise, will be applied to the option price.
  
 •     By delivery (on a form prescribed by the Company) of an irrevocable direction to a licensed
securities broker acceptable to the Company to sell Stock and to deliver all or part of the sale proceeds to the Company in payment of the aggregate option price and any withholding taxes.

		
	 Withholding Taxes
	  	You will not be allowed to exercise this option unless you make acceptable arrangements to pay any withholding or other taxes that may be due as a result of the option exercise or sale of Stock
acquired under this option. In the event that the Company determines that any federal, state, local or foreign tax or withholding payment is required relating to the exercise or sale of shares arising from this grant, the Company will have the right
to require such payments from you, or withhold such amounts from other payments due to you from the Company or any Affiliate. Subject to the prior approval of the Company, which may be withheld by the Company, in its sole discretion, you may elect
to satisfy this withholding obligation, in whole or in part, by causing

  

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	 	  	the Company to withhold Stock otherwise issuable to you or by delivering to the Company Stock already
owned by you. The Stock so delivered or withheld must have an aggregate Fair Market
Value equal to the
withholding obligation and may not be subject to any repurchase, forfeiture, unfulfilled vesting, or other
similar requirements.
		
	 Transfer of Option
	  	During your lifetime, only you (or, in the event of your legal incapacity or incompetency, your guardian or legal representative) may exercise this option. You may not transfer or assign this
option. For instance, you may not sell this option or use it as security for a loan. If you attempt to do any of these things, this option will immediately become invalid. You may, however, dispose of this option in your will or it may be
transferred upon your death by the laws of descent and distribution.
		
		  	Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse, nor is the Company obligated to recognize your
spouse’s interest in this option in any other way.
		
	 Retention Rights
	  	Neither this option nor this Agreement give you the right to be retained by the Company (or any parent, Subsidiaries or Affiliates) in any capacity. The Company reserves (and any parent,
Subsidiaries or Affiliates reserve) the right to terminate your Service at any time and for any reason.
		
	 Shareholder Rights
	  	You, or your estate or heirs, have no rights as a shareholder of the Company until a certificate for this option’s shares has been issued (or an appropriate book entry has been made). No
adjustments are made for dividends or other rights if the applicable record date occurs before your stock certificate is issued (or an appropriate book entry has been made), except as described in the Plan.
		
	 Adjustments
	  	In the event of a stock split, a stock dividend, reverse stock split or a similar change in the Stock, the number of shares of Stock covered by this option and the option price per share will
be adjusted (and rounded down to the nearest whole number) if required pursuant to the Plan. This option will be subject to the terms of the agreement of merger, liquidation or reorganization in the event the Company is subject to such corporate
activity, to the extent specified in the Plan.

  

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	 Applicable Law
	  	This Agreement will be interpreted and enforced under the laws of the State of Delaware, other than any conflicts or choice of law rule or principle that might otherwise refer construction or
interpretation of this Agreement to the substantive law of another jurisdiction.
		
	 Forum Selection
	  	At all times each party hereto (1) irrevocably submits to the exclusive jurisdiction of any New York court or Federal court sitting in New York; (2) agrees that any action or proceeding
arising out of or relating to this Agreement or the transactions contemplated hereby will be heard and determined in such New York or Federal court; (3) to the extent permitted by law, irrevocably waives (i) any objection such party may
have to the laying of venue of any such action or proceeding in any of such courts, or (ii) any claim that such party may have that any such action or proceeding has been brought in an inconvenient forum; and (4) to the extent permitted by
law, irrevocably agrees that a final nonappealable judgment in any such action or proceeding will be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this section
entitled “Forum Selection” will affect the right of any party hereto to serve legal process in any manner permitted by law.
		
	 The Plan
	  	The text of the Plan is incorporated in this Agreement by reference. Certain capitalized terms used in this Agreement are defined in the Plan, and have the meanings set forth in the
Plan.
		
		  	This Agreement and the Plan constitute the entire understanding between you and the Company regarding this option. Any prior agreements, commitments or negotiations concerning this option are
superseded.
		
	 Data Privacy
	  	In order to administer the Plan, the Company may process personal data about you. Such data include, but are not limited to, the information provided in this Agreement and any changes
thereto, other appropriate personal and financial data about you such as home address and business addresses and other contact information, payroll information and any other information that might be deemed appropriate by the Company to facilitate
the administration of the Plan.
		
		  	By accepting this option, you give explicit consent to the Company to process any such personal data. You also give explicit consent to the Company to transfer any such personal data outside
the country in which you work or are employed (including, with respect to non-U.S. resident Grantees, to the United States) to transferees who will include the Company and other persons who are designated by the Company to administer the
Plan.

  

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	 Consent to Electronic Delivery
	  	The Company may choose to deliver certain statutory materials relating to the Plan in electronic form. By accepting this option grant you agree that the Company may deliver the Plan
prospectus, the Company’s annual report and other documents to you in an electronic format. If at any time you would prefer to receive paper copies of these documents, as you are entitled to, the Company would be pleased to provide copies.
Please contact [NAME, TITLE, PAETEC Holding Corp., ADDRESS, PHONE] to request paper copies of these documents.
		
	 Certain Dispositions
	  	If you sell or otherwise dispose of Stock acquired pursuant to the exercise of this option sooner than the one-year anniversary of the date you acquired the Stock, then you agree to notify
the Company in writing of the date of sale or disposition, the number of shares of Stock sold or disposed of and the sale price per share within ten (10) days of such sale or disposition.

 By accepting this Award, you agree to all of the terms and conditions described above and in
the Plan. 
  

 7Exhibit 10.11.3

 Exhibit 10.11.3 
 PAETEC HOLDING CORP. 
 2007 OMNIBUS INCENTIVE PLAN 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 PAETEC Holding Corp., a Delaware corporation (the “Company”), hereby grants an option to purchase shares of the common stock, par value $.01 per share, of the Company (the “Stock”) to the Grantee named below. The terms
and conditions of the option are set forth in this cover sheet, in the attached term sheet (together with this cover sheet, the “Agreement”), and in the Company’s 2007 Omnibus Incentive Plan (the “Plan”). 
 Grant Date:                     
    ,          
 Name of Grantee:
                                        

 Number of shares of Stock Covered by Option:
                     
 Option Price per share:
$            .         
 Vesting Start
Date:                          ,          
 Carefully review all of the terms and conditions described in the Agreement and in the Plan, a copy of which has been provided to you. In the event
any provision of this Agreement should appear to be inconsistent with the Plan, the Plan will control. 
 Attachment 
 This is not a stock certificate or a negotiable instrument. 

 PAETEC HOLDING CORP. 
 2007 OMNIBUS INCENTIVE PLAN 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
  

			
	Non-qualified Stock Option	  	This option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended, and will be interpreted accordingly.
		
	Vesting	  	This option is only exercisable before it expires and then only with respect to the vested portion of the option. Subject to the preceding sentence, you may exercise this option, in whole or in
part, to purchase a whole number of vested shares that is not less than 100 shares, unless the number of shares purchased is the total number available for purchase under the option, by following the procedures set forth in the Plan and below in
this Agreement.
		
		  	Your right to purchase shares of Stock under this option will vest as to              (    ) of the
total number of shares covered by this option, as shown on the cover sheet, on the         -year anniversary of the Vesting Start Date (the “Anniversary Date”), provided you then continue in
Service. Thereafter, for each such vesting date that you remain in Service, the number of shares of Stock which you may purchase under this option will vest at the rate of
             (    ) per year as of each subsequent Anniversary Date. The resulting aggregate number of vested shares will be rounded to the nearest whole
number, and you cannot vest in more than the number of shares covered by this option.
		
		  	No additional shares of Stock will vest after your Service has terminated for any reason.
		
	Term	  	This option will expire in any event at the close of business at Company headquarters on the day before the tenth (10th) anniversary of the Grant Date, as shown on the cover sheet. This option will expire earlier if your Service terminates, as described below.
		
	Regular Termination	  	If your Service terminates for any reason, other than death, Disability or Cause, then this option will expire at the close of business at Company headquarters on the 90th day after your termination date.
		
	Termination for Cause	  	If your Service is terminated for Cause, then you will immediately forfeit all rights to this option and the option will immediately expire.

  

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	Death	  	If your Service terminates because of your death, then this option will expire at the close of business at Company headquarters on the date that is twelve (12) months after the date of death.
During that twelve-month period, your estate or heirs may exercise all or any portion of this option that was vested as of the date of death.
		
		  	In addition, if you die during the 90-day period described in connection with a regular termination (i.e., a termination of your Service not on account of your death, Disability or
Cause), and a vested portion of this option has not yet been exercised, then this option will instead expire on the date that is twelve (12) months after your termination date. In such a case, during the period following your death up to the date
that is twelve (12) months after your termination date, your estate or heirs may exercise all or any portion of this option that was vested as of the date of your termination of employment with the Company.
		
	Disability	  	If your Service terminates because of your Disability, then this option will expire at the close of business at Company headquarters on the date that is twelve (12) months after your
termination date. During that twelve-month period, you may exercise all or any portion of this option that was vested as of your termination date.
		
	Leaves of Absence	  	For purposes of this option, your Service does not terminate when you go on a bona fide employee leave of absence that was approved by the Company in writing, if the terms of the leave
provide for continued Service crediting, or when continued Service crediting is required by applicable law. However, your Service will be treated as terminating three (3) months after you go on employee leave, unless your right to return to active
work is guaranteed by law or by a contract. Your Service terminates in any event when the approved leave ends unless you immediately return to active employee work.
		
		  	The Company will determine, in its sole discretion, which leaves count for this purpose, and when your Service terminates, for all purposes under the Plan.
		
	Notice of Exercise	  	When you wish to exercise this option, you must notify the Company by filing the proper “Notice of Exercise” form at the address given on the form. Your notice must specify the
number of whole shares you wish to purchase (in a parcel of at least 100 shares, generally). Your notice must also specify how your shares of Stock should be registered (in your name only or in your and your spouse’s names as joint tenants with
the right of survivorship).

  

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		  	The notice will be effective when it is received by the Company.
		
		  	If someone else wants to exercise this option after your death, that person must prove to the Company’s satisfaction that he or she is entitled to do so.
		
	Form of Payment	  	When you submit your notice of exercise, you must include payment of the option price for the shares you are purchasing. Payment may be made in one (or a combination) of the following
forms:
		
		  	 •        Cash, your personal check, a cashier’s check, a money order or another cash
equivalent acceptable to the Company.

		
		  	 •        Shares of Stock which have already been owned by you and which are surrendered to the
Company. The value of the shares, determined as of the effective date of the option exercise, will be applied to the option price.

		
		  	 •        By delivery (on a form prescribed by the Company) of an irrevocable direction to a
licensed securities broker acceptable to the Company to sell Stock and to deliver all or part of the sale proceeds to the Company in payment of the aggregate option price and any withholding taxes.

		
	Withholding Taxes	  	You will not be allowed to exercise this option unless you make acceptable arrangements to pay any withholding or other taxes that may be due as a result of the option exercise or sale of
Stock acquired under this option. In the event that the Company determines that any federal, state, local or foreign tax or withholding payment is required relating to the exercise or sale of shares arising from this grant, the Company will have the
right to require such payments from you, or withhold such amounts from other payments due to you from the Company or any Affiliate. Subject to the prior approval of the Company, which may be withheld by the Company, in its sole discretion, you may
elect to satisfy this withholding obligation, in whole or in part, by causing the Company to withhold Stock otherwise issuable to you or by delivering to the Company Stock already owned by you. The Stock so delivered or withheld must have an
aggregate Fair Market Value equal to the withholding obligation and may not be subject to any repurchase, forfeiture, unfulfilled vesting, or other similar requirements.

  

 4 

			
	Transfer of Option	  	During your lifetime, only you (or, in the event of your legal incapacity or incompetency, your guardian or legal representative) may exercise this option. You may not transfer or assign this
option. For instance, you may not sell this option or use it as security for a loan. If you attempt to do any of these things, this option will immediately become invalid. You may, however, dispose of this option in your will or it may be
transferred upon your death by the laws of descent and distribution.
		
		  	Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse, nor is the Company obligated to recognize your spouse’s
interest in this option in any other way.
		
	Retention Rights	  	Neither this option nor this Agreement give you the right to be retained by the Company (or any parent, Subsidiaries or Affiliates) in any capacity. The Company reserves (and any parent,
Subsidiaries or Affiliates reserve) the right to terminate your Service at any time and for any reason.
		
	Shareholder Rights	  	You, or your estate or heirs, have no rights as a shareholder of the Company until a certificate for this option’s shares has been issued (or an appropriate book entry has been made). No
adjustments are made for dividends or other rights if the applicable record date occurs before your stock certificate is issued (or an appropriate book entry has been made), except as described in the Plan.
		
	Adjustments	  	In the event of a stock split, a stock dividend, reverse stock split or a similar change in the Stock, the number of shares of Stock covered by this option and the option price per share will be
adjusted (and rounded down to the nearest whole number) if required pursuant to the Plan. This option will be subject to the terms of the agreement of merger, liquidation or reorganization in the event the Company is subject to such corporate
activity, to the extent specified in the Plan.
		
	Applicable Law	  	This Agreement will be interpreted and enforced under the laws of the State of Delaware, other than any conflicts or choice of law rule or principle that might otherwise refer construction or
interpretation of this Agreement to the substantive law of another jurisdiction.
		
	Forum Selection	  	At all times each party hereto (1) irrevocably submits to the exclusive jurisdiction of any New York court or Federal court sitting in New York; (2) agrees that any action or proceeding
arising out of or relating to this Agreement or the transactions contemplated hereby will be heard and determined in such New

  

 5 

			
		  	York or Federal court; (3) to the extent permitted by law, irrevocably waives (i) any objection such party may have to the laying of venue of any such action or proceeding in any of
such courts, or (ii) any claim that such party may have that any such action or proceeding has been brought in an inconvenient forum; and (4) to the extent permitted by law, irrevocably agrees that a final nonappealable judgment in any
such action or proceeding will be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this section entitled “Forum Selection” will affect the right of any party
hereto to serve legal process in any manner permitted by law.
		
	The Plan	  	The text of the Plan is incorporated in this Agreement by reference. Certain capitalized terms used in this Agreement are defined in the Plan, and have the meanings set forth in the
Plan.
		
		  	This Agreement and the Plan constitute the entire understanding between you and the Company regarding this option. Any prior agreements, commitments or negotiations concerning this option are
superseded.
		
	Data Privacy	  	In order to administer the Plan, the Company may process personal data about you. Such data include, but are not limited to, the information provided in this Agreement and any changes
thereto, other appropriate personal and financial data about you such as home address and business addresses and other contact information, payroll information and any other information that might be deemed appropriate by the Company to facilitate
the administration of the Plan.
		
		  	By accepting this option, you give explicit consent to the Company to process any such personal data. You also give explicit consent to the Company to transfer any such personal data outside
the country in which you work or are employed (including, with respect to non-U.S. resident Grantees, to the United States) to transferees who will include the Company and other persons who are designated by the Company to administer the
Plan.

  

 6 

			
	Consent to Electronic Delivery	  	The Company may choose to deliver certain statutory materials relating to the Plan in electronic form. By accepting this option grant you agree that the Company may deliver the Plan
prospectus, the Company’s annual report and other documents to you in an electronic format. If at any time you would prefer to receive paper copies of these documents, as you are entitled to, the Company would be pleased to provide copies.
Please contact [NAME, TITLE, PAETEC Holding Corp., ADDRESS, PHONE] to request paper copies of these documents.

 By accepting this Award, you agree to all of the terms and conditions described above and in
the Plan. 
  

 7

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