Document:

exv10w1

Exhibit 10.1

Summary of 2011 Amended and Restated Executive Compensation Bonus Policy

     On April 28, 2011, the Compensation Committee (the “Committee”) of the Board of Directors of
comScore, Inc. (the “Company”), with input from its outside compensation consultant, approved
certain amendments to the Company’s 2011 Executive Compensation Bonus Policy. Based on these
amendments, the Company’s 2011 Executive Compensation Bonus Policy is amended and restated as follows:

Salary and Bonus Policy for Magid M. Abraham, Ph.D and Gian M. Fulgoni

     On March 15, 2011, the Committee approved the payment of stock to Dr. Abraham and Mr. Fulgoni
in lieu of cash salary for the period from March 1, 2011 through December 31, 2011. The stock, to
the extent earned, would be issued as soon as practicable following the end of the Company’s 2011
fiscal year and would be fully vested at the time it is issued. The amount of stock to be issued
would have a value at time of issuance equal to the amount of salary foregone by Dr. Abraham and
Mr. Fulgoni between March 1, 2011 through December 31, 2011 based on the closing price of Company
common stock as reported on the NASDAQ Global Market at the time of issuance. The amount of salary
foregone by each of Dr. Abraham and Mr. Fulgoni for such period is expected to be $393,100 and
$343,000, respectively. To the extent that each of Dr. Abraham and Mr. Fulgoni are liable for
employee withholding taxes, such amount shall reduce the net amount of shares ultimately issued to
each officer, respectively.

     Also on March 15, 2011, the Committee approved 2011 short-term and long-term bonus target and
maximum levels for each of Magid M. Abraham and Gian M. Fulgoni as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Value of Short-Term Performance-Based	 	Value of Long-Term Performance-
	 	 	Bonus Level for Annual Performance at	 	Based Bonus Level for Annual
	 	 	Time of Award	 	Performance at Time of Award
	Name and Principal Position	 	Target	 	Maximum	 	Target	 	Maximum
	Magid M.
Abraham, Ph.D.

	 	$	471,750	 	 	$	707,625	 	 	$	1,179,000	 	 	$	1,768,500	 
	President, Chief Executive Officer and Director
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Gian M. Fulgoni

	 	 	311,400	 	 	 	467,100	 	 	 	795,800	 	 	 	1,193,800	 
	Executive Chairman of the Board of Directors
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

     The bonuses to each of Dr. Abraham and Mr. Fulgoni were originally intended to be
granted, if earned, in the form of restricted stock in first quarter 2012 based on the closing
price of Company common stock as reported on the NASDAQ Global Market at the time of grant.

 

 

     On April 28, 2011, the Committee determined to award the amounts otherwise payable in
restricted stock for Dr. Abraham’s and Mr. Fulgoni’s respective salary and bonus arrangements
discussed above in the form of restricted stock units to maximize the Company’s ability to deduct
such amount for income tax purposes. Each of Dr. Abraham and Mr. Fulgoni were awarded unvested
restricted stock units based on a value per share of $29.43, the closing price of the Company’s
common stock as reported on the NASDAQ Global Market at the time of grant, representing the maximum
possible award for each of foregone cash salary and short- and long-term performance-based bonuses,
as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Short-Term Performance-	 	Long-Term Performance-
	 	 	Foregone Salary	 	Based Bonus	 	Based Bonus
	 	 	 	 	 	 	Value at	 	 	 	 	 	Value at	 	 	 	 	 	Value at
	 	 	Restricted	 	Time of	 	Restricted	 	Time of	 	Restricted	 	Time of
	Name and Principal Position	 	Stock Units	 	Award	 	Stock Units	 	Award	 	Stock Units	 	Award
	Magid M.
Abraham, Ph.D.

	 	 	13,357	 	 	$	393,100	 	 	 	24,044	 	 	$	707,625	 	 	 	60,091	 	 	$	1,768,500	 
	President, Chief Executive Officer and Director
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Gian M. Fulgoni
 
	 	 	11,654	 	 	$	343,000	 	 	 	15,871	 	 	$	467,100	 	 	 	40,564	 	 	$	1,193,800	 
	Executive Chairman of the Board of Directors
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

     The restricted stock units representing the foregone cash salaries of each of Dr. Abraham
and Mr. Fulgoni shall vest on January 1, 2012, subject to their continued employment through such
date; provided, however, that to the extent the value of the restricted stock units on December 31,
2011 exceeds the salary foregone based on the then-closing price of the Company’s common stock as
reported on the NASDAQ Global Market, such number of restricted stock units representing the value
of shares in excess of the foregone salary shall not vest and shall immediately forfeit to the
Company. To the extent the value of the restricted stock units awarded to each named executive
officer for foregone cash salary is less than the actual amount of salary foregone based on the
closing price of the Company’s common stock
as reported on the NASDAQ Global Market on December 31, 2011, the Company shall award
additional shares of common stock representing the shortfall.

     The restricted stock units representing the short-term bonus of each of Dr. Abraham and Mr.
Fulgoni shall vest as to the value of the short-term bonus earned by each such named executive
officer as determined by the Committee and based on the closing price of the Company’s common stock
as reported on the NASDAQ Global Market at the time of determination. To the extent the value of
the restricted stock units based on the closing price of the Company’s common stock as reported on
the NASDAQ Global Market at the time of determination exceeds the awarded short-term bonus at the
time such determination is made, such number of restricted stock units representing the value of
shares in excess of the short-term bonus shall not vest and shall immediately forfeit to the
Company. To the extent the value of the restricted stock units awarded to each named executive
officer for short-term bonus are less than the awarded bonus based on the closing price of the
Company’s common stock as reported on the NASDAQ Global Market at the time of determination, the
Company shall award additional shares of common stock representing the shortfall.

     The restricted stock units representing the long-term bonus of each of Dr. Abraham and Mr.
Fulgoni shall vest as to the value of the long-term bonus earned by each such named executive
officer as determined by the Committee and based on the closing price of the Company’s common stock
as reported on the NASDAQ Global Market at the time of determination. To the extent the value of
the restricted stock units based on the closing price of the Company’s common stock as reported on
the NASDAQ Global Market at the time of determination exceeds the awarded long-term bonus at the
time such determination is made, such number of restricted stock units representing the value of
shares in excess of the long-term bonus shall not become eligible to vest and shall immediately
forfeit to the Company. To the extent the value of the restricted stock units awarded to each
named executive officer for long-term bonus are less than the awarded bonus based on the closing
price of the Company’s common stock as reported on the NASDAQ Global Market at the time of
determination, the Company shall award additional shares of common stock representing the
shortfall. One-quarter of the number of shares of the that are determined to be eligible for
vesting with respect to their long-term bonus shall vest immediately upon the date of
determination, and one-quarter of the shares eligible to vest would vest annually thereafter
beginning on the first anniversary of the date of determination until all the shares eligible to
vest have vested, subject to continued employment through each of the vesting dates.

     In all cases, each of Dr. Abraham and Mr. Fulgoni must remain employed through the date that
short- and long-term bonus amounts are designated in order to vest in any portion of the awards.
The Committee, in its sole discretion,

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retains the right to amend, supplement, supersede or cancel
the bonus program for any reason, and reserves the right to determine whether and when to pay out
any awards, regardless of the achievement of the performance targets.

Form of Bonus Payable to Kenneth J. Tarpey, Gregory T. Dale and Christiana L. Lin

     The Committee has approved 2011 short-term and long-term bonus target and maximum levels for
each of Kenneth J. Tarpey, Gregory T. Dale and Christiana L. Lin as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Value of Short-Term Performance-Based	 	Value of Long-Term Performance-
	 	 	Bonus Level for Annual Performance at	 	Based Bonus Level for Annual
	 	 	Time of Award	 	Performance at Time of Award
	Name and Principal Position	 	Target	 	Maximum	 	Target	 	Maximum
	Kenneth J. Tarpey

	 	$	98,438	 	 	$	147,656	 	 	$	295,313	 	 	$	442,969	 
	Chief Financial Officer
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Gregory T. Dale

	 	 	58,000	 	 	 	87,000	 	 	 	174,000	 	 	 	261,000	 
	Chief Operating Officer
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Christiana L. Lin
 
	 	 	66,250	 	 	 	99,375	 	 	 	198,750	 	 	 	298,125	 
	Executive Vice President, General Counsel and Chief Privacy Officer
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

     The Company anticipates that each of the short-term and long-term bonus awards to Messrs.
Tarpey and Dale and Ms. Lin, if earned, will be issued in the form of restricted stock issued
during the first quarter of 2012 based on each executive’s actual performance and will be valued
based on the closing price of the Company’s common stock as reported on the NASDAQ Global Market on
the date of grant.

     Shares to be issued with respect to the short-term performance-based stock bonus awards will
be fully vested upon the grant date. One-quarter of the number of shares that become eligible to
vest with respect to the long-term performance-based stock bonus awards to each named executive
officer would vest immediately upon the grant date, and the one-quarter of the shares eligible to
vest would vest annually thereafter beginning on the first anniversary of the grant date until the
full amount of the award is vested, subject to continued employment through each of the vesting
dates.

     In all cases, recipients must remain employed through the date that bonus awards are granted
in order to earn the awards. The Committee, in its sole discretion, retains the right to amend,
supplement, supersede or cancel the bonus program for any reason, and reserves the right to
determine whether and when to pay out any awards, regardless of the achievement of the performance
targets.

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Exhibit 10.1

DEX ONE CORPORATION EQUITY INCENTIVE PLAN

RESTRICTED STOCK AWARD AGREEMENT

[Template for Executive Officers]

* * * * *

Participant: [      ]

Grant Date: [      ]

Number of Shares of

Restricted Stock Granted: [      ]

* * * * *

     THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”), dated as of the Grant Date
specified above, is entered into by and between Dex One Corporation, a corporation organized in the
State of Delaware (the “Company”), and the Participant specified above, pursuant to the Dex
One Corporation Equity Incentive Plan, as in effect and as amended from time to time (the
“Plan”), which is administered by the Committee.

     In consideration of the mutual covenants and promises hereinafter set forth and for other good
and valuable consideration, the parties hereto hereby mutually covenant and agree as follows:

     1. Incorporation By Reference; Plan Document Receipt. This Agreement is subject in
all respects to the terms and provisions of the Plan (including, without limitation, any amendments
thereto adopted at any time and from time to time unless such amendments are expressly intended not
to apply to the Restricted Stock Award provided hereunder), all of which terms and provisions are
made a part of and incorporated in this Agreement as if they were each expressly set forth herein.
Any capitalized term not defined in this Agreement shall have the same meaning as is ascribed
thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and
that the Participant has read the Plan carefully and fully understands its content. In the event
of any conflict between the terms of this Agreement and the terms of the Plan, the terms of this
Agreement shall control. Without limiting the generality of the preceding sentences, the number of
shares of Common Stock subject to this Restricted Stock Award shall be subject to adjustment as
provided in Section 5.7 of the Plan. Notwithstanding the foregoing, no amendment to the Plan or
this Agreement, or the exercise of any discretion by the Company, the Committee, the Board or
otherwise with respect to interpreting or administering the Plan and/or this Agreement which would
impair the rights of the Participant shall be effective with respect to this Restricted Stock Award
unless specifically agreed to by the Participant in an advance writing. In addition, any provision
of the Plan which provides that the decisions and interpretation of the Company, the Committee, the
Board or otherwise are final, binding and conclusive (or any other language of similar effect)
shall not be applicable to this Restricted

 

 

Stock Award to the extent that the exercise of the powers thereunder would be inconsistent
with the economic intent of this Agreement.

     2. Grant of Restricted Stock Award. The Company hereby grants to the Participant, as
of the Grant Date specified above, the number of shares of Restricted Stock specified above.
Except as otherwise provided by the Plan, the Participant agrees and understands that nothing
contained in this Agreement provides, or is intended to provide, the Participant with any
protection against potential future dilution of the Participant’s interest in the Company for any
reason, and no adjustments shall be made for ordinary dividends in cash or other property,
distributions or other rights in respect of any such shares, except as otherwise specifically
provided for in the Plan or this Agreement. Subject to Section 5 hereof, the Participant shall
have the rights of a stockholder in respect of the shares underlying this Restricted Stock Award.

     3. Vesting.

          (a) The Restricted Stock subject to this grant shall become unrestricted and vested as
follows, subject to the Participant’s continued service with the Company or its Subsidiaries on
each applicable Vesting Date (as provided below):

	 	 	 
	Vesting Date	 	Number of Shares
	[       ]

	 	[       ]

Except as provided in Sections 3(b) and 3(c) hereof, there shall be no proportionate or partial
vesting in the periods prior to each Vesting Date and all vesting shall occur only on the
appropriate Vesting Date specified above, subject to the Participant’s continued service with the
Company or any of its Subsidiaries on each applicable vesting date.

          (b) Accelerated Vesting; Committee Discretion. Notwithstanding the foregoing, in the
event of the Participant’s termination of service with the Company and its Subsidiaries by the
Company without “Cause,” by the Participant for “Good Reason” (each as defined in
Section 3(e) below), or as a result of the Participant’s death or Disability, then the portion of
the Participant’s unvested Restricted Stock hereunder that would have become vested on the next
Vesting Date (as set forth above) immediately following such termination had the Participant
remained in the service of the Company and its Subsidiaries through such Vesting Date shall become
immediately vested as of the date of such termination. In addition to the foregoing, the Committee
may, in its sole discretion, provide for accelerated vesting of the Restricted Stock at any time
and for any reason.

          (c) Change in Control. Notwithstanding the provisions of Sections 3(a) and 3(b)
hereof, in the event of the Participant’s termination of service with the Company and its
Subsidiaries by the Company without Cause or by the Participant for Good Reason within three (3)
months prior to or two (2) years following a “Change in Control” (as defined Section 3(e)
below), any unvested Restricted Stock remaining outstanding hereunder shall become fully and
immediately vested on the date of such termination (or the date of the Change in Control, if such
termination occurs within three (3) months prior to such Change in Control). In addition to the

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foregoing, the Committee may, in its sole discretion, provide for accelerated vesting of this
Restricted Stock Award at any time and for any reason. The parties hereto agree that if other
officers, directors or employees of the Company have outstanding Restricted Stock Awards or similar
awards which vest upon a Change in Control (either by the terms of the applicable award agreement
or through the act of the Committee, the Board or otherwise), than, notwithstanding the foregoing,
this Restricted Stock Award shall vest as to 100% of the unvested portion of this Restricted Stock
Award as of the Change in Control. The parties further acknowledge and agree that to the extent
that this Restricted Stock Award remains unvested upon a termination of Executive’s employment in
which the first sentence of this Section 3(c) could be applicable, this Restricted Stock Award
shall not terminate until the last date on which this Restricted Stock Award could vest in
accordance with this Section 3(c).

          (d) Forfeiture. Except as otherwise provided herein (including, without limitation,
the accelerated vesting provisions set forth herein) and subject to the Committee’s discretion to
accelerate vesting hereunder, all unvested shares of Restricted Stock shall be immediately
forfeited upon the Participant’s termination of service with the Company and its Subsidiaries for
any reason.

          (e) Certain Definitions. For purposes of this Agreement, the terms “Cause,”
“Good Reason” and “Change in Control” shall have the meanings set forth in the
employment agreement, if any, between the Company and the Participant (an “Employment
Agreement”); provided that if the Participant is not a party to an Employment Agreement that
contains such terms, then such terms shall have the meanings attributed to them under the Dex One
Corporation Severance Plan — Senior Vice President (Effective as Amended October 14, 2010), as the
same may hereafter be amended and/or superseded from time to time).

     4. Period of Restriction; Delivery of Unrestricted Shares. During the applicable
period of restriction, the Restricted Stock shall bear a legend as determined to be necessary by
the Committee to evidence the applicable restrictions hereunder. When shares of Restricted Stock
awarded by this Agreement become vested, the Participant shall be entitled to receive unrestricted
shares and if the Participant’s stock certificates contain legends restricting the transfer of such
shares, the Participant shall be entitled to receive new stock certificates free of such legends
(except any legends requiring compliance with securities laws).

     5. Dividends and Other Distributions; Voting. The Participant shall be entitled to
receive all dividends and other distributions paid with respect to the Restricted Stock, provided
that any such dividends or other distributions will be subject to the same vesting requirements as
the underlying Restricted Stock and shall be paid at the time the Restricted Stock becomes vested
pursuant to Section 3 hereof. If any dividends or distributions are paid in shares, the shares
shall be deposited with the Company and shall be subject to the same restrictions on
transferability and forfeitability as the Restricted Stock with respect to which they were paid.
The Participant may exercise full voting rights with respect to the Restricted Stock granted
hereunder.

     6. Non-Transferability. The shares of Restricted Stock, and any rights and interests
with respect thereto, issued under this Agreement shall not, prior to vesting, be sold, exchanged,
transferred, assigned or otherwise disposed of in any way by the Participant (or any beneficiary of
the Participant), other than by testamentary disposition by the Participant or the

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laws of descent and distribution. Any attempt to sell, exchange, transfer, assign, pledge,
encumber or otherwise dispose of or hypothecate in any way any of the Restricted Stock, or the levy
of any execution, attachment or similar legal process upon the Restricted Stock, contrary to the
terms and provisions of this Agreement and/or the Plan shall be null and void and without legal
force or effect.

     7. Governing Law. All questions concerning the construction, validity and
interpretation of this Agreement shall be governed by, and construed in accordance with, the laws
of the State of Delaware, without regard to the choice of law principles thereof.

     8. Withholding of Tax. The Company shall have the power and the right to deduct or
withhold, or require the Participant to remit to the Company, an amount sufficient to satisfy any
federal, state, local and foreign taxes of any kind (including, but not limited to, the
Participant’s FICA and SDI obligations) which the Company, in its sole discretion, deems necessary
to be withheld or remitted to comply with the Code and/or any other applicable law, rule or
regulation with respect to the Restricted Stock and, if the Participant fails to do so, the Company
may otherwise refuse to issue or transfer any shares of Common Stock otherwise required to be
issued pursuant to this Agreement. Any statutorily required withholding obligation with regard to
the Participant may be satisfied by reducing the amount of cash or shares of Common Stock otherwise
deliverable to the Participant hereunder or by any other method, as selected by the Participant, as
provided in Section 5.5 of the Plan.

     9. Section 83(b). If the Participant properly elects (as required by Section 83(b) of
the Code) within 30 days after the issuance of the Restricted Stock to include in gross income for
federal income tax purposes in the year of issuance the Fair Market Value of such shares of
Restricted Stock, the Participant shall pay to the Company or make arrangements satisfactory to the
Company to pay to the Company upon such election, any federal, state or local taxes required to be
withheld with respect to the Restricted Stock. If the Participant shall fail to make such payment,
the Company shall, to the extent permitted by law, have the right to deduct from any payment of any
kind otherwise due to the Participant any federal, state or local taxes of any kind required by law
to be withheld with respect to the Restricted Stock, as well as the rights set forth in Section 8
hereof. The Participant acknowledges that it is the Participant’s sole responsibility, and not the
Company’s, to file timely and properly the election under Section 83(b) of the Code and any
corresponding provisions of state tax laws if the Participant elects to make such election, and the
Participant agrees to timely provide the Company with a copy of any such election.

     10. Securities Representations. The shares of Restricted Stock are being issued to
the Participant and this Agreement is being made by the Company in reliance upon the following
express representations and warranties of the Participant. The Participant acknowledges,
represents and warrants that:

          (a) The Participant has been advised that the Participant may be an “affiliate” within the
meaning of Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”),
and in this connection the Company is relying in part on the Participant’s representations set
forth in this Section 10.

4

 

          (b) If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities
Act, the shares of Restricted Stock must be held indefinitely unless an exemption from any
applicable resale restrictions is available or the Company files an additional registration
statement (or a “re-offer prospectus”) with regard to the shares of Restricted Stock and the
Company is under no obligation to register the shares of Restricted Stock (or to file a “re-offer
prospectus”).

          (c) If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities
Act, the Participant understands that (i) the exemption from registration under Rule 144 will not
be available unless (A) a public trading market then exists for the Common Stock of the Company,
(B) adequate information concerning the Company is then available to the public, and (C) other
terms and conditions of Rule 144 or any exemption therefrom are complied with, and (ii) any sale of
the shares of vested Restricted Stock hereunder may be made only in limited amounts in accordance
with the terms and conditions of Rule 144 or any exemption therefrom.

     11. Entire Agreement; Amendment. This Agreement, together with the Plan, contains the
entire agreement between the parties hereto with respect to the subject matter contained herein,
and supersedes all prior agreements or prior understandings, whether written or oral, between the
parties relating to such subject matter. This Agreement may only be modified or amended by a
writing signed by both the Company and the Participant, except as specifically provided in the Plan
(as limited by this Agreement).

     12. Notices. Any notice hereunder by the Participant shall be given to the Company in
writing and such notice shall be deemed duly given only upon receipt thereof by the General Counsel
(or its designee) of the Company, or, if not available, the Board. Any notice hereunder by the
Company shall be given to the Participant in writing and such notice shall be deemed duly given
only upon receipt thereof at such address as the Participant may have on file with the Company.

     13. Acceptance. The Participant shall forfeit the Restricted Stock if the Participant
does not execute this Agreement within a period of 60 days from the date that the Participant
receives this Agreement (or such other period as the Committee shall provide).

     14. No Right to Service. Nothing in this Agreement shall interfere with or limit in
any way the right of the Company or its Subsidiaries to terminate the Participant’s service at any
time, for any reason and with or without Cause.

     15. Transfer of Personal Data. The Participant authorizes, agrees and unambiguously
consents to the transmission by the Company (or any Subsidiary) of any personal data information
related to the Restricted Stock awarded under this Agreement for legitimate business purposes.
This authorization and consent is freely given by the Participant.

     16. Compliance with Laws. The issuance of the Restricted Stock or unrestricted shares
pursuant to this Agreement shall be subject to, and shall comply with, any applicable requirements
of any foreign and U.S. federal and state securities laws, rules and regulations (including,
without limitation, the provisions of the Securities Act, the Exchange Act and in each case any
respective rules and regulations promulgated thereunder) and any other law or regulation applicable
thereto. The Company shall not be obligated to issue the Restricted Stock

5

 

or any of the shares pursuant to this Agreement if any such issuance would violate any such
requirements. The Company represents that it is not restricted from granting the award
contemplated under this Agreement for any reason. The Company shall register the shares subject to
this award on an S-8 or S-3 (or other appropriate registration statement).

     17. Section 409A. Notwithstanding anything herein or in the Plan to the contrary, the
shares of Restricted Stock are intended to be exempt from the applicable requirements of Section
409A of the Code and shall be limited, construed and interpreted in accordance with such intent as
is reasonable under the circumstances.

     18. Binding Agreement; Assignment. This Agreement shall inure to the benefit of, be
binding upon, and be enforceable by the Company and its successors and assigns. The Participant
shall not assign (except in accordance with Section 6 hereof) the Restricted Stock or any part of
this Agreement without the prior express written consent of the Company.

     19. Headings. The titles and headings of the various sections of this Agreement have
been inserted for convenience of reference only and shall not be deemed to be a part of this
Agreement.

     20. Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall be deemed to be an original, but all of which shall constitute one and the same
instrument.

     21. Further Assurances. Each party hereto shall do and perform (or shall cause to be
done and performed) all such further acts and shall execute and deliver all such other agreements,
certificates, instruments and documents as either party hereto reasonably may request in order to
carry out the intent and accomplish the purposes of this Agreement and the consummation of the
transactions contemplated thereunder.

     22. Severability. The invalidity or unenforceability of any provisions of this
Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the
remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any
provision of this Agreement in any other jurisdiction, it being intended that all rights and
obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law.

     23. Acquired Rights. The Participant acknowledges and agrees that: (a) the Company
may terminate or amend the Plan at any time, subject to the limitations contained in the Plan or
this Agreement; (b) the award of Restricted Stock made under this Agreement is completely
independent of any other award or grant and is made at the sole discretion of the Company; (c) no
past grants or awards (including, without limitation, the Restricted Stock awarded hereunder) give
the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits
granted under this Agreement are not part of the Participant’s ordinary salary, and shall not be
considered as part of such salary in the event of severance, redundancy or resignation.

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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above.

	 	 	 	 	 
	 	DEX ONE CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	Gretchen Zech 	 
	 	 	Title:  	Senior Vice President, 

Human Resources 	 
	 
	 	PARTICIPANT

 	 
	 	 	 
	 	[          ] 	 
	 	 	 	 

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