Document:

Exhibit 10.11.4

 Exhibit 10.11.4 
 PAETEC HOLDING CORP. 
 2007 OMNIBUS INCENTIVE PLAN 
 RESTRICTED STOCK UNIT AGREEMENT 
 PAETEC Holding Corp., a Delaware corporation (the “Company”), hereby grants stock units for shares of the common stock, par value $.01 per share, of the Company (the “Stock”) to the Grantee named below, subject to the
vesting conditions set forth in the attached term sheet. Additional terms and conditions of the Award are set forth in this cover sheet, in the attached term sheet (together with this cover sheet and any schedules attached hereto, 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 Grant:
                     
 Purchase Price per Share:
$0.00 
 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 
 RESTRICTED STOCK UNIT AGREEMENT 
  

			
	Restricted Stock Units/ Nontransferability	  	This grant is an Award of Stock Units for the number of shares of Stock set forth on the cover sheet at the purchase price per share set forth on the cover sheet, subject to the vesting
conditions described below (the “Restricted Stock Units”). The purchase price is deemed paid by your prior services to the Company. Your Restricted Stock Units may not be sold, assigned, pledged, hypothecated or otherwise transferred,
whether by operation of law or otherwise, nor may the Restricted Stock Units be made subject to execution, attachment or similar process.
		
	Vesting	  	Your right to the Stock under this Award will vest as to              (    ) of the total number
of shares of Stock covered by this Award, 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, your right to the Stock under this Award will vest at the rate of             
(    ) shares of Stock per year as of each subsequent Anniversary Date. In addition, any performance-based conditions to vesting are set forth on Schedule 1 attached hereto.
		
		  	Your right to the Stock under this Award will become 100% vested upon your termination of Service, if your Service terminates as a result of your death or Disability. No Stock will vest after
your Service has terminated for any reason other than as a result of your death or Disability.
		
	Forfeiture of Unvested Stock	  	In the event that your Service terminates for any reason other than your death or Disability, you will forfeit to the Company all of the Stock subject to this Award that has not yet
vested.
		
	Stock Issuance	  	Upon the vesting of the Restricted Stock Units hereunder, the Company will issue to you the Stock to which such vested Restricted Stock Units relate. The issuance of your Stock under this
Award will be evidenced in such a manner as the Board, in its discretion, will deem appropriate, including, without limitation, book-entry registration or issuance of one or more stock certificates. You will have no further rights with regard to a
Restricted Stock Unit once the Stock related to such Restricted Stock Units has been issued.

  

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		  	Notwithstanding the preceding paragraph, if the Stock would otherwise be delivered to you during a period in which you are (i) subject to a lock-up agreement restricting your ability to sell
Stock in the open market or (ii) restricted from selling Stock in the open market because you are not then eligible to sell under the Company’s insider trading or similar plan as then in effect (whether because a trading window is not open or
you are otherwise restricted from trading), delivery of the Stock will be delayed until the first date on which you are no longer prohibited from selling Stock due to a lock-up agreement or insider trading or similar plan restriction, but in any
event no later than the last day of the calendar year in which the Stock otherwise would have been delivered.
		
	Withholding Taxes	  	You agree, as a condition of this Award, that you will make acceptable arrangements to pay any withholding or other taxes that may be due as a result of the payment of dividends or the
vesting of Stock acquired under this Award. In the event that the Company determines that any federal, state, local or foreign tax or withholding payment is required relating to the payment of dividends or the vesting of Stock arising from this
Award, 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.
		
	Retention Rights	  	This Agreement does not 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 the Stock relating to the Restricted Stock Units has been issued (or an appropriate book
entry has been made). You will, however, be entitled to receive, upon the Company’s payment of a cash dividend on outstanding

  

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		  	Stock, a cash payment for each share of Stock subject to this Award as of the record date for such dividend equal to the per-Unit dividend paid on the Stock.
		
	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 Award may be adjusted (and rounded down to
the nearest whole number) if required pursuant to the Plan. Your Restricted Stock Units will be subject to the terms of the agreement of merger, liquidation, or reorganization, in the event that 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 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 Award of Restricted Stock Units. Any prior agreements, commitments or negotiations
concerning this Award of Restricted Stock Units are superseded.

  

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	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 Award, 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.
		
	Consent to Electronic Delivery	  	The Company may choose to deliver certain statutory materials relating to the Plan in electronic form. By accepting this Award, 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. 
  

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 Schedule 1 
 Performance-Based VestingExhibit 10.11.5

 Exhibit 10.11.5 
 PAETEC HOLDING CORP. 
 2007 OMNIBUS INCENTIVE PLAN 
 RESTRICTED STOCK AGREEMENT 
 PAETEC
Holding Corp., a Delaware corporation (the “Company”), hereby grants shares of the common stock, par value $.01 per share, of the Company (the “Stock”) to the Grantee named below, subject to the vesting conditions set forth in
the attached term sheet. Additional terms and conditions of the Award are set forth in this cover sheet, in the attached term sheet (together with this cover sheet and any schedules and exhibits attached hereto, 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 Grant:
                     
 Purchase Price per Share:
$0.00 
 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 
 RESTRICTED STOCK AGREEMENT 
  

			
	 Restricted Stock/ Nontransferability
	  	This grant is an Award of Stock in the number of shares of Stock set forth on the cover sheet, at the purchase price set forth on the cover sheet, and subject to the vesting conditions
described below (the “Restricted Stock”). The purchase price is deemed paid by your prior services to the Company. To the extent not yet vested, your Restricted Stock may not be sold, assigned, pledged, hypothecated or otherwise
transferred, whether by operation of law or otherwise, nor may the Restricted Stock be made subject to execution, attachment or similar process.
		
	 Vesting
	  	Your right to the Stock under this Award will vest as to              (    ) of the total number
of shares of Stock covered by this Award, 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, your right to the Stock under this Award will vest at the rate of              (    ) shares of Stock per
year as of each subsequent Anniversary Date. In addition, any performance-based conditions to vesting are set forth on Schedule 1 attached hereto.
		
		  	Notwithstanding the preceding paragraph, if the Vesting Date occurs during a period in which you are (1) subject to a lock-up agreement restricting your ability to sell Stock in the open
market or (2) restricted from selling Stock in the open market because you are not then eligible to sell under the Company’s insider trading or similar plan as then in effect (whether because a trading window is not open or you are otherwise
restricted from trading), vesting in such Stock will be delayed until the first date on which you are no longer prohibited from selling Stock due to a lock-up agreement or insider trading or similar plan restriction (the “Extended Vesting
Date”), and provided, further, that you have been continuously in Service from the Grant Date until the Extended Vesting Date.
		
		  	The resulting aggregate number of vested shares of Stock will be rounded to the nearest whole number, and you may not vest in more than the number of shares of Stock covered by this
Award.
		
		  	Your right to the Stock under this Award will become 100% vested upon your termination of Service, if your Service

  

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	 	  	terminates as a result of your death or Disability. No Stock will vest after your Service has terminated for
any reason other than as a result of your death or Disability.
		
	 Forfeiture of Unvested Stock
	  	In the event that your Service terminates for any reason other than your death or Disability, you will forfeit to the Company all of the Stock subject to this Award that has not yet vested or
with respect to which all applicable restrictions and conditions have not lapsed.
		
	 Stock Issuance
	  	The Company will issue your Restricted Stock in your name as of the Grant Date. The issuance of your Stock under this Award will be evidenced in such a manner as the Board, in its discretion,
will deem appropriate, including, without limitation, book-entry registration or issuance of one or more stock certificates, with any unvested shares of Restricted Stock bearing a legend with the appropriate restrictions imposed by this Agreement.
As your interest in the Stock vests as described above, the recordation of the Restricted Stock attributable to you will be appropriately modified.
		
	 Withholding Taxes
	  	You agree, as a condition of this Award, that you will make acceptable arrangements to pay any withholding or other taxes that may be due as a result of the payment of dividends or the
vesting of Stock acquired under this Award. In the event that the Company determines that any federal, state, local or foreign tax or withholding payment is required relating to the payment of dividends or the vesting of Stock arising from this
Award, 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.
		
	 Section 83(b)
 Election
	  	Under Section 83 of the Internal Revenue Code of 1986, as amended (the “Code”), the difference between the purchase price paid for the Stock and its fair market value on the date on
which any forfeiture restrictions applicable to such Stock lapse will be reportable as ordinary income at that time. For this purpose, “forfeiture restrictions” include the forfeiture as to

			
		  	unvested Stock described above. You may elect to be taxed at the time you acquire the Stock, rather than when such Stock ceases to be subject to such forfeiture restrictions, by filing an
election under Section 83(b) of the Code with the Internal Revenue Service within thirty (30) days after the Grant Date. You will be required to make a tax payment to the extent that the purchase price is less than the fair market value of the Stock
on the Grant Date. No tax payment will be required to be made to the extent that the purchase price is at least equal to the fair market value of the Stock on the Grant Date. The form for making this election is attached as Exhibit A hereto. Failure
to make this filing within the thirty (30) day period will result in the recognition of ordinary income by you (in the event that the fair market value of the Stock as of the vesting date exceeds the purchase price) as the forfeiture restrictions
lapse.
		
		  	YOU ACKNOWLEDGE THAT IT IS YOUR SOLE RESPONSIBILITY, AND NOT THE COMPANY’S, TO FILE A TIMELY ELECTION UNDER CODE SECTION 83(b), EVEN IF YOU REQUEST THAT THE COMPANY OR ITS
REPRESENTATIVES MAKE THIS FILING ON YOUR BEHALF. YOU ARE RELYING SOLELY ON YOUR OWN ADVISORS WITH RESPECT TO THE DECISION AS TO WHETHER OR NOT TO FILE ANY CODE SECTION 83(b) ELECTION.
		
	 Retention Rights
	  	This Agreement does not 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 have the right to vote the Restricted Stock and to receive any dividends declared or paid on such Stock. Any distributions you receive as a result of any stock split, stock dividend,
combination of stock, reclassification of stock or other similar transaction will be deemed to be a part of the Restricted Stock and subject to the same conditions and restrictions applicable thereto. The Company may, in its sole discretion, require
any dividends paid on the Restricted Stock to be reinvested in Stock, which the Company may, in its sole discretion, deem to be a part of the Restricted Stock and subject to the same conditions and restrictions applicable thereto. Except as
described in the Plan, no adjustments will be made for dividends or other rights if the applicable record date occurs before your stock certificate is issued or a book-entry registration is made.

  

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	 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 Award may be adjusted (and rounded down to
the nearest whole number) if required pursuant to the Plan. Your Restricted Stock will be subject to the terms of the agreement of merger, liquidation, or reorganization, in the event that the Company is subject to such corporate activity, to 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 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.
		
	 Legends
	  	 All certificates, if any, representing the Stock issued in connection with this Award will, where applicable, have endorsed thereon the following
legend:
  
 “THE SHARES OF STOCKS REPRESENTED BY THIS CERTIFICATE
ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND FORFEITURE PROVISIONS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER OR HIS OR HER PREDECESSOR IN INTEREST. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICE OF
THE COMPANY AND WILL BE FURNISHED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY BY THE HOLDER OF RECORD OF THE SHARES REPRESENTED BY THIS CERTIFICATE.”

  

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	 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 meaning set forth in the
Plan.
		
		  	This Agreement and the Plan constitute the entire understanding between you and the Company regarding this Award of Restricted Stock. Any prior agreements, commitments or negotiations
concerning this Award 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 Award, 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.
		
	 Consent to Electronic Delivery
	  	The Company may choose to deliver certain statutory materials relating to the Plan in electronic form. By accepting this Award, 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. 
  

 6 

 EXHIBIT A 
 ELECTION UNDER SECTION 83(b) OF 
 THE INTERNAL REVENUE CODE 
 The undersigned hereby makes an election pursuant to Section 83(b) of the Internal Revenue Code with respect to the property described below and
supplies the following information in accordance with the regulations promulgated thereunder: 
  

	 	1.	The name, address and Social Security number of the undersigned: 

 Name:                                     
                                        
                                        
                                        
                                        
                             
 Address:                                     
                                        
                                        
                                        
                                        
                         
 Social Security No. :                                
                                        
                                        
                                        
                                        
       
  

	 	2.	Description of property with respect to which the election is being made: 

                      shares of common stock, par value $.01 per share (“Stock”), of PAETEC Holding
Corp., a Delaware corporation (the “Company”). 
  

	 	3.	The date on which the property was transferred is                     
    , 20    . 

  

	 	4.	The taxable year to which this election relates is calendar year 20    . 

  

	 	5.	Nature of restrictions to which the property is subject: 

 The Stock is subject to the provisions of a Restricted Stock Agreement between the undersigned and the Company. The Stock is subject to forfeiture under the terms of the Agreement. 
  

	 	6.	The fair market value of the property at the time of transfer (determined without regard to any lapse restriction) was
$                     per share, for a total of $
                    . 

  

	 	7.	The amount paid by taxpayer for the property was $                    .

  

	 	8.	A copy of this statement has been furnished to the Company. 

 Dated:
                    , 20     
  

	
	  

	Taxpayer’s Signature
	
	  

	Taxpayer’s Printed Name

 PROCEDURES FOR MAKING ELECTION 
 UNDER INTERNAL REVENUE CODE SECTION 83(b) 
 The following procedures must be followed with respect to the attached form for
making an election under Internal Revenue Code Section 83(b) in order for the election to be effective:1/ 
 1. You must file one copy of the completed election form with the IRS Service Center where you file your federal
income tax returns within 30 days after the Grant Date of your Restricted Stock. 
 2. At the same time that you file the election
form with the IRS, you must also give a copy of the election form to the Secretary of the Company. 
 3. You must file another copy of
the election form with your federal income tax return (generally, Form 1040) for the taxable year in which the Stock is transferred to you. 

	 1/
	 Whether or not to make the election is your decision and may create tax consequences for you. You are
advised to consult your tax advisor if you are unsure whether or not to make the election. 

 Schedule 1 
 Performance-Based Vesting

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