Document:

EX 10.1B Severance Protection

Exhibit B
CONFIRMATION OF SEVERANCE PROTECTION

Dex Media, Inc.
2200 West Airfield Drive
P.O. Box 619810
D/FW Airport, Texas 75261

November 4, 2014

Mr. Del Humenik
  Chief Revenue Officer
Dex Media, Inc.
2200 West Airfield Drive
P.O. Box 619810
D/FW Airport, Texas 75261

Re:    Confirmation of Severance Protection

Dear Del:

On behalf of Dex Media, Inc. (the “Company”), and in partial consideration of your transition to your new role as Chief Revenue Officer of the Company, I am pleased to confirm our mutual understanding regarding the severance protection with which the Company has agreed to provide you on a going forward basis.

Following the date of this letter, in the event that your employment with the Company is terminated by the Company without “Cause” or by you for “Good Reason” (each, as defined in the Company’s Severance Plan - Executive Vice President and Above Effective as of July 30, 2014 (the “Severance Plan”)), you will be entitled to receive severance benefits in accordance with all of the terms and conditions of the Severance Plan as in effect on the date hereof, without regard to any subsequent modification or termination thereof, subject to the following express modifications:

		
	•
	Through April 30, 2015.  For the period commencing on the date hereof and continuing through April 30, 2015, you will be eligible to receive the severance benefits under Section 4.2 of the Severance Plan in accordance with the terms and conditions thereof.

		
	•
	From May 1, 2015 through December 31, 2016.  For the period commencing on May 1, 2015 and continuing through December 31, 2016, you will be eligible to receive the severance benefits under Section 4.1 of the Severance Plan in accordance with the terms and conditions thereof, provided that if a “Change in Control” (as defined in the Severance Plan) occurs during such period, you will be eligible to receive the severance benefits under Section 4.2 of the Severance Plan in accordance with the terms and conditions thereof.

		
	•
	Calendar Year 2017 and Future Calendar Years.  For the period commencing on January 1, 2017 and continuing for future calendar years, you will be eligible to receive the severance benefits under Section 4.1 of the Severance Plan in accordance with the terms and conditions thereof, provided that the cash severance will consist of a lump sum payment equal to 52 weeks of base pay plus one times your target bonus, provided, further that if a Change in Control occurs during such period, 

1

you will be eligible to receive the severance benefits under Section 4.2 of the Severance Plan in accordance with the terms and conditions thereof.

		
	•
	Measurement of Base Pay and Target Bonus Amount.  For purposes of measuring your base pay and target bonus amount payable under the Severance Plan in accordance with the terms and conditions thereof and the modifications thereto as set forth above, your base pay will be deemed to be $600,000 and your target bonus amount will be deemed to be $510,000.

Additionally, by signing below, you hereby understand, acknowledge and agree that the changes to the terms and conditions of your employment with the Company do not give rise to grounds for you to terminate your employment with the Company for Good Reason based on any circumstances existing on or prior to the date hereof, and you hereby irrevocably, knowingly and voluntarily waive any such Good Reason termination rights that you had or may have with respect to any events occurring on or prior to the date of your signature below.

On behalf of the Company, I look forward to working with you to advance the continued success of the Company.

Very truly yours,

Dex Media, Inc. 

By: /s/ Joseph A. Walsh            

Name:  Joseph A. Walsh

Title:  President and Chief Executive Officer

AGREED AND ACKNOWLEDGED:

/s/ Del Humenik            
Del Humenik
    
Dated:  November 4, 2014

2EX 10.1C Termination Letter

Exhibit C
TERMINATION LETTER

May 5, 2015

Mr. Delbert Humenik 
2200 W. Airfield Drive  
P.O. Box 619810
DFW Airport, TX  75261

Dear Del: 
 
Please find attached a description of the payments and benefits that are due to you upon  the termination of your employment with the company.  These amounts and the timing of such payments are subject to the terms and conditions of their respective plans and your Separation Agreement and Release.  

Amounts payable to you may be subject to Section 409A of the Internal Revenue Code of 1986, as amended (“409A”), including, but not limited to, the cash severance and other benefits described in the materials included here.  Any payments found to be subject to 409A must be delayed until a date that is at least six (6) months later than your last day worked at the company.  Failure to comply with the delayed payment requirement may result in the imposition of an additional 20% tax applied to amounts subject to 409A, in addition to your ordinary, applicable employment and income taxes.  You would be solely responsible for the payment of any taxes arising under 409A. 

As you know, benefits that are offered pursuant to the Dex Media, Inc. Severance Plan - Executive Vice Presidents and Above are subject to your proper execution of the Separation Agreement and Release.
 

Sincerely,

/s/ Debra M. Ryan

Debra M. Ryan
EVP, Human Resources 
 
  
2200 West Airfield Dr., TX 29, P.O. Box 619810, D/FW Airport, TX 75261, DexMedia.comexhibitc2summaryseveranc

Per the terms of the Company’s plans and award agreements, the following payments will be made to Mr.   Humenik subject to the Plan terms:1   Summary – Severance Payments: Del Humenik   Severance Element Brief Description    Value   ($000)   Timing   Cash Severance   1.5 X Base Salary   and 1.5X Bonus   $1,665   Payable at separation pending the Company’s   receipt of the Release Agreement (Cash   Severance payable 60 days following   separation), and    at the same time as all other participants with   regards to the pro rata STI payment.   2015 Pro Rata Bonus (STI)   Pro Rata STI    (est @ 75% payout & term date 5/5/15)   $134   Benefit Continuation (Health) /   COBRA Supplement 2,4   18 months $23    Life Insurance3 18 months $2   Outplacement Services3 1 year $7   Stock Options5   101,586 total options; 36,800 vested   & exercisable; 64,786 potential   cancel   Expire/cancel unvested and   unexercisable options under NQSO   Agreement    --   Upon Term Effective date      options already vested on effective date of term   will be exercisable for 90 days   2013 & 2014 Restricted Stock   Awards (34,400 RSAs)   Forfeit under provisions of RSA   Agreement Section 3(a) & 3(d)   $0 Upon Term effective date   2014 Cash LTIP Award   Forfeiture of  2014 Performance Award   under the Cash LTI Plan Section 4.5   $0 Upon Term effective date   2014 VCP Award (20,000 units) 6   VCP Units Vest and are Payable Based   on VCP value as of May 5th   $0   If a positive value, payable at separation pending   the Company’s receipt of the Release Agreement   (if any payable due, then  six (6) months following   separation)   Total: $1,831   1     

 

Footnotes:   Summary – Severance Payments: Del Humenik   1. Any unpaid items due to Mr. Humenik at the time of his separation will be paid at the time of separation. These items include i)   unreimbursed business expenses, ii) unpaid base salary or perquisites, and iii) payment for unused vacation at the time of separation       (est $23,520.75 as of 05-5-2015).    2. Mr. Humenik will receive benefits under Company-sponsored pension plans (will provide to the Board separately / does not require Board   consideration or approval). These items will be paid out under, and in accordance with the terms of, their respective plans and award   agreements, as appropriate.   3. The values of certain benefits are estimated for CBC review; the actual costs and payments will be determined in accordance with the   Company’s benefits plans at the time they are actually paid.   4. No change to policy – updated estimate only.   5. Option Details:                     6. VCP value as of March 31, 2015      Grant Date   Exercise / Strike   Price   Options BS   FMV   Options Total   5/5/2015   Options Vested &   Exercisable   Options   Unexercisable   9/5/2013  $         10.25   $     5.57               61,100           30,550                 30,550    5/28/2014  $           9.99   $     5.52               25,000              6,250                 18,750    12/15/2014  $           9.18   $     5.03               15,486                     -                   15,486    2EX 10.1D IP Agreement

Exhibit D

	
		
	Intellectual Property Agreement

	IMPORTANT:  To be completed and returned to your Hiring Manager

	

THIS AGREEMENT is entered into this 11th day of November, 2010 between SuperMedia
(“Company”), and Delbert Humenik (“Employee”).

	

WHEREAS, Employee desires to be employed by Company in a capacity in which Employee may receive or contribute to confidential information; and

WHEREAS, Employee or Company may have or may in the future develop and use valuable technical and non- technical information which the Company may wish to protect either by patents, copyrights and/or by keeping it secret and confidential;

NOW THEREFORE, in consideration of Employee's employment it is Agreed as follows:

	

1.
	

Inventions, Discoveries and Improvements - Employee shall disclose promptly to Company or its nominee any and all inventions, discoveries, improvements, works of authorship, and computer or other apparatus programs (collectively "Innovations") whether or not patentable, copyrightable, or susceptible to other forms of protection, conceived of or made by Employee in the course of employment with Company, and assigns and agrees to assign all interest therein to Company or its nominee. An Innovation will be deemed to have been made in the course of employment unless the Innovation (1) was developed on the employee's own time, (2) outside Employee’s regular or assigned duties for Company, and (3) no Company equipment, facility, or proprietary information of the Company was used. Employee further agrees, without charge to Company but at its expense, to execute at the Company's option a specific assignment to the Company of all rights, title, and interest to such Innovations and agrees to execute all applications or other forms of protection for such Innovations in the United States and in other countries.

	

2.
	

Non-disclosure -The Employee covenants and agrees that the Employee will not (except as required in the course of employment with the Company), while in the employ of the Company or thereafter, communicate or divulge to, or use for the benefit of him or herself or any other person, firm, association, or corporation,
without the written consent of the Company, any proprietary information concerning any inventions, discoveries, improvements, processes, formulas, apparatus, computer programs, equipment, methods, trade secrets, research data, rate and cost data, circuit layouts, daily addenda, personnel data, identities of users or purchasers of the Company's products or services, customer billing or other proprietary matters possessed, owned, or used by the Company or its affiliates, including proprietary information of a third party which the Company is bound to protect that may be communicated to, acquired by, or learned of or developed by the Employee in the course of or as a result of his or her employment with the Company. All records, files, memoranda, reports, price lists, customer lists, drawings, plans, sketches, documents, equipment, and the like relating to the business of Company, which Employee shall use or prepare shall remain the sole property of the Company.

	

3.
	

Proprietary Information of Third Parties - Employee covenants and agrees that the Employee will not bring to the Company any confidential materials or documents of any third party, including any former employer, or utilize or disclose any propriety information of any such third party, without such third party's written authorization.

	

4.
	

Documentation - Upon termination of employment, Employee shall promptly deliver to the Company all confidential drawings, blueprints, manuals, letters, notes, notebooks, reports, computer discs and other computer formatted information, and copies thereof, and all other materials of a secret or confidential nature relating to the Company's business which are in the possession or under the control of Employee.

EMPLOYEE INTELLECTUAL PROPERTY AGREEMENT

	
		
	5.
	Existing Works - Employee declares that Employee has listed on this page all copyrighted and potentially copyrightable, and all unpatented but potentially patentable, innovations conceived by Employee before the date of this Agreement that have not been assigned to a former employer, but which are excepted from the obligations of this Agreement. Employee and Company have both initiated any such listed items.

	6.
	Entire Agreement - The protection and rights provided to Company herein are in addition to and not in derogation of any protection or rights of the Company already existing at common law or set forth in any agreement or other undertaking previously agreed to by Employee. Except as set forth in the preceding sentence, this Agreement sets forth the entire agreement and understanding between the parties as to the subject matter hereof and merge all prior discussion between them, and neither of the parties will be bound by any understandings, modifications, and amendments except as expressly provided herein or as duly set forth on or subsequent to the effective date hereof in writing and signed by the parties as well as the Company.

	7.
	Construction - This Agreement shall be governed by the laws of the State of     .

	8.
	If any provision or provisions hereof shall be deemed invalid or unenforceable, either in whole or in part, this Agreement shall be deemed amended to delete or modify, as necessary, the offending provision or provisions and to alter the bounds thereof in order to render it valid and enforceable.

	9.
	No Contract of Continued Employment - Employee acknowledges that nothing contained in this Agreement shall be deemed to require the Company to continue Employee's employment. Employee further agrees that this Agreement shall survive any discharge and may be disclosed to Employee's future employer.

	

IN WITNESS WHEREOF, the parties intending to be legally bound hereby have signed this agreement as of the date written above.

WITNESS my hand and seal as of this date.

	
		
	/s/ Del Humenik                                                  11-16-2010
	 

	Employee’s Signature                                       Date
	Supervisor or other Authorized Signature

	Del Humenik
	 

	Employee’s Name (Print)
	Name of Signature Above (Print)

	EVP Sales East
	

SuperMedia

Employing Company

	Employee’s Title (Print)

	Redacted

	Employee’s Social Security Number

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