Document:

Employment Agreement

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of May 16, 2011 (the “Effective Date”), between Aspect Software, Inc., a Delaware
corporation (the “Company”), and Michael Regan (“Employee”). 
 The Company and
Employee desire to enter into this Agreement to provide the terms on which Employee will serve as the Senior Vice President of Engineering of the Company. 
 The parties hereto agree as follows: 
 1. Employment. The Company hereby
employs Employee, and Employee hereby accepts employment with the Company, upon the terms and conditions set forth in this Agreement for the period beginning as of the Effective Date and ending as provided in Section 4 hereof (the
“Employment Period”). 
 2. Position and Duties. 

(a) During the Employment Period, Employee will serve as the Senior Vice President of Engineering of the Company, subject to the overall
direction and authority of Employee’s manager or supervisor as designated by the Company from time to time. 
 (b) Employee
will devote his or her reasonable best efforts and his or her full business time and attention to the business and affairs of the Company and its affiliates; provided that nothing in this Section 2(b) will prohibit Employee from devoting
a reasonable amount of time to charitable or other similar activities. Employee will perform his or her duties and responsibilities hereunder to the best of his or her abilities in a diligent, trustworthy, businesslike and efficient manner.

 3. Base Salary and Benefits. 
 (a) During the Employment Period, Employee’s base salary will be $235,000 per annum and will be subject to review by the Company’s Chief Executive Officer (the “CEO”) on an
annual basis (the “Base Salary”), which salary will be payable in regular installments in accordance with the Company’s general payroll practices and will be subject to customary withholding. 

(b) During the Employment Period, Employee will be entitled to participate in all of the Company’s employee benefit programs
(including cash bonus programs) for which managerial employees of the Company are generally eligible in accordance with the terms and conditions of such programs as the same may be amended or modified from time to time. 

(c) The Company will reimburse Employee for all reasonable expenses incurred by him or her in the course of performing his or her duties
under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements with respect to reporting and
documentation of such expenses. 
 4. Term. 
 (a) The Employment Period will commence as of the Effective Date and (i) will terminate upon Employee’s resignation, death or Disability (as defined in Section 4(e) below) and
(ii) may be terminated by the Company at any time for Cause (as defined in Section 4(f) below) or without Cause. 

 (b) Subject to the other terms and conditions of this Section 4(b), if the
Employment Period is terminated by the Company without Cause during the term of this Agreement, Employee will be entitled to receive his or her Base Salary described in Section 3(a) above and continuation of medical and dental benefits
coverage during the six (6) month period immediately following any such termination (subject to the following sentence, the “Severance Period”). The Severance Period shall terminate immediately (and no further payments shall be
due or payable under this Section 4(b)) if, prior to the end of the period specified in the preceding sentence, Employee becomes employed by or is engaged as a consultant or independent contractor on a full-time basis (i.e., 30 or more
hours per week) with any person or entity other than the Company and its affiliates. Any amounts payable under this Section 4(b) will be payable at such times as such amounts would have been payable had Employee’s employment not
been terminated. Notwithstanding anything in this Agreement to the contrary, the Company will have no obligation to pay any amounts payable under this Section 4(b) during such times as Employee is in breach of Sections 5, 6 or 7
hereof. As a condition to the Company’s obligations (if any) to make the payments described in this Section 4(b), Employee will execute and deliver a general release in the form attached hereto as Exhibit A (the
“General Release”). Employee shall forfeit all rights to payments and benefits described in this Section 4(b) unless the General Release is signed and delivered (and no longer subject to revocation) within sixty
(60) days following the date of Employee’s separation from service (it being agreed that the Company shall provide notice to Employee not less than ten (10) business days prior to the expiration of such period). To the extent any such
cash payment or continuing benefit to be provided is not nonqualified deferred compensation subject to Code Section 409A, as determined by the Company in its sole discretion, then such payment or benefit shall commence upon the first scheduled
payment date immediately after the date the release is executed and no longer subject to revocation (the “Release Effective Date”). The first such cash payment shall include payment of all amounts that otherwise would have been due
prior to the Release Effective Date under the terms of this Section 4(b) applied as though such payments commenced immediately upon Employee’s separation from service, and any payments made thereafter shall continue as provided
herein. The delayed benefits shall in any event expire at the time such benefits would have expired had such benefits commenced immediately following Employee’s separation from service. To the extent any such cash payment or continuing benefit
to be provided is nonqualified deferred compensation subject to Code Section 409A, as determined by the Company in its sole discretion, then such payments or benefits shall be made or commence upon the sixtieth (60th) day following
Employee’s separation from service. The first such cash payment shall include payment of all amounts that otherwise would have been due prior thereto under the terms of this Section 4(b) had such payments commenced immediately upon
the Executive’s separation from service, and any payments made thereafter shall continue as provided therein. The delayed benefits shall in any event expire at the time such benefits would have expired had such benefits commenced immediately
following the Executive’s separation from service. The Company may provide, in its sole discretion, that Employee may continue to participate in any benefits delayed pursuant to this section during the period of such delay, provided that
Employee shall bear the full cost of such benefits during such delay period. Upon the date such benefits would otherwise commence pursuant to this Section 4(b), the Company may reimburse Employee the Company’s share of the cost of
such benefits, if any, had such benefits commenced immediately upon Employee’s separation from service. Any remaining benefits shall be reimbursed or provided by the Company in accordance with the schedule and procedures specified therein.

 (c) If the Employment Period is terminated by the Company for Cause or pursuant to Section 4(a)(i) above,
Employee will be entitled only to receive his or her Base Salary through the date of termination. 
 (d) Except as otherwise
expressly provided in Section 4(b) above, all of Employee’s rights to salary, bonuses, fringe benefits and other compensation hereunder (if any) which accrue or become payable after the termination of the Employment Period will
cease upon such termination. The Company may offset any amounts Employee owes the Company or its affiliates against any amounts the Company owes Employee hereunder. Employee’s termination of employment with the Company for any reason shall be
deemed to automatically 

 
remove Employee, without further action, from any and all offices held by Employee with the Company or its affiliates. 

(e) For purposes of this Agreement, “Disability” (i) means any physical or mental
incapacitation which results in Employee’s inability to perform his or her duties and responsibilities for the Company for a total of 120 days during any twelve-month period, as determined by the CEO in his good faith judgment and
(ii) will be deemed to have occurred on the 120th day
of such inability to perform. 
 (f) For purposes of this Agreement, “Cause” means (i) the entering of a
guilty plea or conviction of a felony or any other act or omission involving dishonesty, disloyalty or fraud with respect to the Company or any of its affiliates or any of their customers or suppliers, (ii) conduct tending to bring the Company
or any of its affiliates into substantial public disgrace or disrepute, (iii) substantial and repeated failure to perform duties as reasonably directed by the CEO or his designees, (iv) gross negligence or willful misconduct with respect
to the Company or any of its affiliates or (v) any other material breach of this Agreement. 
 5. Confidential
Information. Employee acknowledges that the information, observations and data (including, without limitation, trade secrets, know-how, research and product plans, customer lists, software, inventions, processes, formulas, technology, designs,
drawings, specifications, marketing and advertising materials, distribution and sales methods and systems, sales and profit figures and other technical and business information) concerning the business or affairs of the Company or any of its
affiliates obtained by him or her while employed by the Company (“Confidential Information”) are the property of the Company or such affiliate. Therefore, Employee agrees that he or she shall not disclose to any unauthorized person
or use for his or her own purposes any Confidential Information without the prior written consent of the Company, unless and to the extent that the aforementioned matters become generally known to and available for use by the public other than as a
result of Employee’s acts or omissions to act. Employee will deliver to the Company at the termination of the Employment Period, or at any other time the Company may request, all memoranda, notes, plans, records, reports, computer tapes,
printouts and software and other documents and data (and copies thereof) to the extent containing Confidential Information or Work Product (as defined in Section 6 below) of the Company or any of its affiliates which he or she may then
possess or have under his or her control. 
 6. Inventions and Patents. Employee acknowledges that all inventions,
innovations, improvements, developments, methods, designs, analyses, drawings, reports and all similar or related information (whether or not patentable) which relate to the Company’s or any of its affiliates’ actual or anticipated
business, research and development or existing or future products or services and which are conceived, developed or made by Employee while employed by the Company (“Work Product”) belong to the Company or such affiliate. Employee
shall promptly disclose such Work Product to the Company and perform all actions requested by the Company (whether during or after the Employment Period) to establish and confirm such ownership (including, without limitation, assignments, consents,
powers of attorney and other instruments). 
 7. Unfair Competitive Activities; Protection of Trade Secrets. 

(a) Employee acknowledges that Employee’s services to the Company require the use of information including a formula, pattern,
compilation, program, device, method, technique, or process that the Company has made reasonable efforts to keep confidential and that derives independent economic value, actual or potential, from not being generally known to the public or to other
persons who can obtain economic value from its disclosure or use (“Trade Secrets”). Employee further acknowledges and agrees that the Company would be irreparably damaged if Employee were to provide similar services requiring the
use of such Trade Secrets to any person or entity competing with the Company or engaged in a similar business. Therefore, Employee agrees that during the Employment Period and during the twelve (12) month period immediately thereafter (the
“Protection Period”), he or she will not, either directly or indirectly, for himself or herself or any other person or entity (i) 

 
induce or attempt to induce any employee of the Company or any of its affiliates to leave the employ of the Company or such affiliate, or in any way interfere with the relationship between the
Company or any affiliate and any employee thereof, (ii) hire any person who is (or in the case of a former employee, was an employee of the Company or any affiliate at any time during the 180 day period prior to any attempted hiring by
Employee) an employee of the Company or any affiliate, (iii) induce or attempt to induce any customer, supplier, licensee, licensor or other business relation of the Company or any affiliate to cease doing business with the Company or such
affiliate, or in any way interfere with the relationship between any such customer, supplier, licensee, licensor or business relation and the Company or any affiliate (including, without limitation, making any negative statements or communications
about the Company or its affiliates) or (iv) Participate in any business that is in competition with the products or services created, developed, marketed, licensed, distributed, offered, sold or under development by the Company or in which he
would be reasonably likely to employ, reveal, or otherwise utilize Trade Secrets used by the Company prior to the Employee’s termination in any geographical area in which the Company or any of its affiliates conduct business.
“Participate” includes any direct or indirect interest in any enterprise, whether as an officer, director, employee, partner, sole proprietor, agent, representative, independent contractor, consultant, executive, franchisor,
franchisee, creditor, owner or otherwise; provided that the foregoing activities shall not include the passive ownership (i.e., Employee does not directly or indirectly participate in the business or management of the applicable entity) of less than
5% of the stock of a publicly-held corporation whose stock is traded on a national securities exchange. 
 (b) Employee agrees
that the aforementioned covenant contained in Section 7(a) is reasonable with respect to its duration, geographical area and scope. In particular, Employee acknowledges and agrees that the Company and its affiliates conduct their
businesses on a worldwide basis and that the geographic scope of the covenant contained in Section 7(a) is necessary to protect the goodwill and Confidential Information of the Company and its affiliates. Employee further acknowledges
that the restrictions contained in Section 7(a) do not impose an undue hardship on him or her due to the fact that he or she has general business skills which may be used in industries other than those in which each of the Company and
its affiliates conduct their businesses and do not deprive Employee of his or her livelihood. Employee agrees that the covenants made in Section 7(a) shall remain in full force and effect in the event he receives a promotion, demotion or
change in job title or duties while employed by the Company, shall be construed as agreements independent of any other provision(s) of this Agreement, and shall survive any order of a court terminating any other provision(s) of this Agreement.

 (c) If, at the time of enforcement of Sections 5, 6 or 7 of this Agreement, a court holds that the restrictions stated
herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum period, scope or geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area. 

(d) Because Employee’s services are unique and because Employee has access to Confidential Information and Work Product, the parties
hereto agree that money damages may not be an adequate remedy for any breach of this Agreement. Therefore, in the event a breach or threatened breach of this Agreement, the Company or its successors or assigns may, in addition to other rights and
remedies existing in their favor, apply to any court for specific performance and/or injunctive or other relief in order to enforce, or prevent any violations of, the provisions hereof (without posting a bond or other security). In addition, in the
event of an alleged breach or violation of this Section 7, the Protection Period will be tolled until such breach or violation has been duly cured. Employee agrees that the restrictions contained in Sections 5, 6 and 7 are
reasonable. 
 8. Additional Acknowledgments. Employee acknowledges that the provisions of Sections 5, 6 and 7 are
in consideration of: (i) employment with the Company and (ii) additional good and valuable consideration as set forth in this Agreement. Employee expressly agrees and acknowledges that the restrictions contained in Sections 5, 6 and
7 do not preclude Employee from earning a livelihood, nor do they unreasonably impose 

 
limitations on Employee’s ability to earn a living. Employee acknowledges that he or she has carefully read this Agreement and has given careful consideration to the restraints imposed upon
Employee by this Agreement. 
 9. Other Businesses. As long as Employee is employed by the Company, Employee agrees that
he or she will not, except with the express written consent of the Company, become engaged in, render services for, or permit his or her name to be used in connection with any business other than the business of the Company or any of its affiliates.

 10. Employee’s Representations. Employee hereby represents and warrants to the Company that (i) the
execution, delivery and performance of this Agreement by Employee does not and will not conflict with, breach, violate or cause a default under any contract, agreement, instrument, order, judgment or decree to which Employee is a party or by which
he or she is bound, (ii) Employee is not a party to or bound by any employment agreement, noncompete agreement or confidentiality agreement with any other person or entity and (iii) upon the execution and delivery of this Agreement by the
Company, this Agreement shall be the valid and binding obligation of Employee, enforceable in accordance with its terms. Employee hereby acknowledges and represents that he or she has had the opportunity to consult with independent legal counsel
regarding his or her rights and obligations under this Agreement and that he or she fully understands the terms and conditions contained herein. 
 11. Deferred Compensation Matters. 
 (a) The intent of the parties is that
payments and benefits under this Agreement comply with or be exempt from Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to
the maximum extent permitted the Employment Agreement shall be interpreted to be in compliance therewith or exempt therefrom. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on
Employee by Code Section 409A or damages for failing to comply with Code Section 409A. 
 (b) A termination of
employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation
from service” within the meaning of Code Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from
service.” 
 (c) Unless this Agreement provides a specified and objectively determinable payment schedule to the contrary,
to the extent that any payment of base salary or other compensation is to be paid for a specified continuing period of time beyond the date of the Employee’s separation from service in accordance with the Company’s payroll practices (or
other similar term), the payments of such base salary or other compensation shall be made in no even less frequently than monthly. Notwithstanding the foregoing, with respect to any payments that are intended to fall under the short-term deferral
exemption from Code Section 409A, unless this Agreement provides a specified and objectively determinable payment schedule to the contrary, all payments due thereunder shall be made as soon as practicable after the right to payment vests and in
all events by March 15 of the calendar year following the calendar year in which the right to payment vests. For purposes of this section, a right to payment will be treated as having vested when it is no longer subject to a substantial risk of
forfeiture as determined by the Company in its sole discretion. 
 (d) Notwithstanding any other payment schedule provided
herein to the contrary, if Employee is identified on the date of his separation from service a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B) (which generally means a key employee of a
corporation any stock of which is publicly traded on an established securities market or otherwise), then, with regard to any payment or the provision of any benefit that is considered nonqualified deferred compensation subject to Code
Section 409A and 

 
payable on account of a “separation from service,” (i) such payment or benefit shall not be made or provided until the date which is the earlier of (A) the expiration of the
six (6)-month period measured from the date of Employee’s “separation from service” and (B) the date of Employee’s death (the “Delay Period”) to the extent required under Code Section 409A and
(ii) at the end of such six (6)-month period, the Company shall make an additional payment to Employee equal to the amount interest accruing at the then-current short-term applicable federal rate published by the Internal Revenue Service on the
value of any such payment or benefit, accruing from the date on which it would have otherwise been paid or provided. Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this Section (whether they would have
otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to Employee in a lump sum, and all remaining payments due under this Agreement shall be paid or provided in accordance with the
normal payment dates specified for them therein. 
 (e) To the extent that reimbursements or other in-kind benefits under this
Agreement constitute “nonqualified deferred compensation” subject to Code Section 409A, (i) all such expenses or other reimbursements hereunder shall be paid on or prior to the last day of the taxable year following the taxable
year in which such expenses were incurred by Employee, (ii) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for reimbursement, or in-kind
benefits to provided, in any other taxable year, and (iii) Employee’s right to such reimbursement or in-kind benefits shall not be subject to liquidation or exchange for any other benefit. 

(f) For purposes of Code Section 409A, Employee’s right to receive any installment payment pursuant to the Employment Agreement
shall be treated as a right to receive a series of separate and distinct payments. 
 (g) Whenever a payment under this
Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company. 

(h) Notwithstanding any other provision of this Agreement to the contrary, in no event shall any payment under this Agreement that
constitutes nonqualified deferred compensation subject to Code Section 409A be subject to offset, counterclaim or recoupment by any other amount payable to Employee unless otherwise permitted by Code Section 409A. 

12. Notices. Any notice provided for in this Agreement shall be in writing and shall be either personally delivered, or mailed by
first class mail, return receipt requested, to Employee at the address indicated in the Company’s payroll records, and to the Company at the address indicated below: 
 Aspect Software, Inc. 
 300 Apollo Drive 

Chelmsford, MA 01824 
 Attention: General Counsel 
 or such other address or to the attention of such other person as the
recipient party shall have specified by prior written notice to the sending party. Any notice under this Agreement shall be deemed to have been given when so delivered or mailed. 

12. Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and
valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect
any other provision or any other jurisdiction, but this 

 
Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. In the event that any ruling of any
court or governmental authority calls into question the validity of any portion of this Agreement, the parties hereto shall consult with each other concerning such matters and shall negotiate in good faith a modification to this Agreement which
would obviate any such questions as to validity while preserving, to the extent possible, the intent of the parties and the economic and other benefits of this Agreement and the portion thereof whose validity is called into question. 

13. Complete Agreement. This Agreement embodies the complete agreement and understanding among the parties and supersedes and
preempts any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way. 
 14 No Strict Construction. The language used in this Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction
shall be applied against any party. 
 15. Counterparts. This Agreement may be executed in separate counterparts, each of
which is deemed to be an original and all of which taken together constitute one and the same agreement. 
 16. Successors
and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by Employee, the Company and their respective heirs, successors and assigns, except that Employee may not assign his or her rights or delegate his or
her obligations hereunder without the prior written consent of the Company. Each of the Company’s affiliates are intended third party beneficiaries of this Agreement. 
 17. Choice of Law. All issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement and the schedules hereto shall be governed by, and construed in
accordance with, the laws of the Commonwealth of Massachusetts, without giving effect to any choice of law or conflict of law rules or provisions (whether of the Commonwealth of Massachusetts or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the Commonwealth of Massachusetts. Each party hereto submits to the co-exclusive jurisdiction of the United States District Court for Massachusetts, and of any Massachusetts state court sitting
in Boston, Massachusetts over any lawsuit under this Agreement and waives any objection based on venue or forum non conveniens with respect to any action instituted therein. 

18. Amendment and Waiver. The provisions of this Agreement may be amended or waived only with the prior written consent of the
Company and Employee, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement. It is agreed and understood that Employee shall not be
entitled to bind the Company in connection with this Agreement or any matter arising hereunder. 
 19. Incremental Equity
Vesting. 
 (a) Reference is made to any restricted shares or share options (the “Incentive Equity”)
granted to Employee pursuant to any written share option agreement or share purchase agreement and the related share purchase and option plans (the “Equity Agreements”) between Employee and the Company’s affiliate, Aspect
Software Group Holdings Ltd., a Cayman Island company (“Parent”). 
 (b) Notwithstanding any provision to the
contrary contained in the Equity Agreements, in the event of a Change of Control, then solely for the purpose of determining the vesting of the Incentive Equity, twenty-five percent (25%) of any then unvested Incentive Equity (as of the closing
date of any such Change of Control) shall automatically become vested and exercisable. 

 (c) Notwithstanding any provision to the contrary contained in the Equity Agreements, in the
event of a Change of Control and Employee’s employment is terminated without Cause during the 180 day period immediately following the consummation of such Change of Control, then solely for the purpose of determining the vesting of the
Incentive Equity, so long as Employee remains in the employ of the Company immediately prior to the consummation of such Change of Control, an additional twenty-five percent (25%) of any then unvested Incentive Equity (as of the date of
termination of such Employee’s employment and after giving effect to the vesting provided in subsection (a) above) shall automatically become vested and exercisable. 

(d) In the event Employee has been granted Incentive Equity on more than one occasion or with different terms and conditions, the
accelerated vesting provided for in each of Sections 20(a) and 20(b), to the extent applicable, shall apply to a pro rata strip of such Incentive Equity. 
 (e) “Change of Control” means (i) any sale or transfer by Parent or its subsidiaries of all or substantially all of their assets on a consolidated basis (for purposes hereof,
“all or substantially all” shall have the meaning given to such term under Delaware law), (ii) any consolidation, merger or other reorganization of Parent with or into any other entity or entities as a result of which (A) any
person or group other than investment funds managed by Golden Gate Capital and/or investment funds managed by Oak Investment Partners obtains possession of the voting power (under ordinary circumstances) to elect a majority of the surviving
corporation’s board of directors or (B) investment funds managed by Golden Gate Capital and/or investment funds managed by Oak Investment Partners cease to own, collectively, at least 20% (by value) of the surviving corporation’s
shares of capital stock or (iii) any sale or transfer to any third party of shares of Parent’s capital stock by the holders thereof as a result of which (A) any person or group other than investment funds managed by Golden Gate
Capital and/or investment funds managed by Oak Investment Partners obtains possession of the voting power (under ordinary circumstances) to elect a majority of the board of directors or (B) investment funds managed by Golden Gate Capital and/or
investment funds managed by Oak Investment Partners cease to own, collectively, at least 20% (by value) of Parent’s shares of capital stock. 
 (f) Except as set forth in this Section 20, no provision of this Agreement shall limit or impair any of the terms and conditions of the Equity Agreements. 

*    *    *    *    * 

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

			
	ASPECT SOFTWARE, INC.
		
	By:	 	 /s/ Michael J. Provenzano III

		
	Its:	 	 Chief Financial Officer

	
	EMPLOYEE
	
	 /s/ Michael Regan

	Michael ReganForm of Restricted Stock Agreement

 Exhibit 10.1 
 NEO FORM 
 RESTRICTED STOCK AGREEMENT 

PURSUANT TO THE CITADEL 
 BROADCASTING CORPORATION 2010 EQUITY INCENTIVE PLAN 

*  *  *  *  * 
 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 Citadel Broadcasting Corporation, a Delaware corporation (the
“Company”), and the Participant specified above, pursuant to the Citadel Broadcasting Corporation 2010 Equity Incentive Plan (the “Plan”), which is administered by the Committee; and 

WHEREAS, it has been determined under the Plan that the Company will grant the Restricted Stock provided for herein to the Participant;

 NOW, THEREFORE, 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 grant of the Restricted Stock 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. 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 the Plan shall
control. 
 2. Grant of Restricted Stock; Acceptance. The Company hereby grants to the Participant as of the Grant
Date the number of shares of Restricted Stock specified above (the “Restricted Stock”). As set forth in Section 3, the Restricted Stock is subject to certain restrictions, which restrictions relate to the passage of time as a service
provider of the Company and/or its Subsidiaries or Affiliates. Notwithstanding Section 15.2 of the Plan, this award of Restricted Stock must be accepted within thirty (30) days of the Grant Date by execution of this Agreement or it shall
be forfeited for no consideration immediately upon the expiration of such thirty (30) day period. For the 

 
sake of clarity, the date of Participant’s acceptance of this award of Restricted Stock shall not in any way alter the Grant Date specified herein. 

3. Vesting. 
 (a) Vesting. Except as otherwise provided in this Section 3, the Restricted Stock shall become unrestricted and vested on
                 ,
201  1 provided that the Participant is then
employed by the Company or one of its Subsidiaries on such date; provided, however, that notwithstanding the foregoing, if the merger contemplated by the Agreement and Plan of Merger by and among the Company, Cumulus Media Inc., Cadet Holding
Corporation and Cadet Merger Corporation, dated as of March 9, 2011 (the “Merger Agreement”) is consummated prior to                  ,
201  2, (i) one-half (1/2) of the
Restricted Stock shall vest on the date on which such merger is consummated (the “Closing Date”); and (ii) the remaining one-half (1/2) shall vest on the date that is six months after the Closing Date, provided that the
Participant is then employed by the Company or one of its Subsidiaries on such date. In the event that the number of shares of Restricted Stock specified above is not equally divisible by two (2), then the additional share shall be added to the
initial one-half (1/2) tranche that vests on the Closing Date. 
 (b) Certain Terminations. Any unvested portion of
the Restricted Stock shall immediately vest upon a Termination (i) due to the Participant’s death, (ii) due to the Participant’s Disability, (iii) by the Company without Cause, or (iv) by the Participant for Good
Reason. 
 (c) Change in Control. The Committee may, in its discretion, provide that any unvested portion of the
Restricted Stock shall immediately vest upon a Change in Control; provided the Participant is continuously employed by the Company or its Subsidiaries through such date. 
 4. Forfeiture Upon Termination. Upon any Termination, any Restricted Stock that has not previously vested (determined after giving effect to any acceleration of vesting under Section 3)
shall be forfeited and cancelled as of the date of such Termination. 
 5. Period of Restriction; Delivery of
Shares. During the Period of Restriction, the Restricted Stock shall bear a legend as described in Section 8.4.2 of the Plan and the Company shall hold the Restricted Stock as escrow agent as set forth in Section 8.3 of the Plan.
When shares of Restricted Stock awarded by this Agreement vest, the Participant shall be entitled to receive such Shares, and in connection with the delivery of the Shares pursuant to this Agreement, the Participant agrees to execute any documents
reasonably requested by the Company. 
 6. Dividends and Other Distributions. Participants holding Restricted
Stock shall be entitled to receive all dividends and other distributions paid with 
  

	1 	Insert date that is two year anniversary of grant date. 

	2 	Insert date that is two year anniversary of grant date. 

  
 2 

 
respect to such shares, provided that 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. 
 7. Forfeiture For
Breach of Covenants. In the event the Company determines that the Participant has materially violated any of the provisions set forth in Section 8 hereof, and has failed to cure such violation within fifteen (15) days of written
notice that is given within thirty (30) days of the Company becoming aware of such violation, unless otherwise determined by the Company, the then unvested Restricted Stock shall immediately be terminated and forfeited for no consideration.

 8. Restrictive Covenants. As a condition to the receipt of the Restricted Stock, the Participant agrees as
follows: 
 (a) Confidentiality and Non-Disclosure Agreement. The Company and the Participant acknowledge and agree that
during the Participant’s employment with the Company, the Participant will have access to and may assist in developing Confidential Information and will occupy a position of trust and confidence with respect to the affairs and business of the
Company and its Affiliates. The Participant agrees that the obligations set forth in this Section 8 are necessary to preserve the confidential and proprietary nature of Confidential Information and to protect the Company and its Affiliates
against harmful solicitation of employees and customers, harmful competition and other actions by the Participant that would result in serious adverse consequences for the Company and its Affiliates. For purposes of this Agreement,
“Confidential Information” means all non-public information concerning trade secrets, know-how, software, developments, inventions, processes, technology, designs, financial data, strategic business plans or any proprietary or confidential
information, documents or materials in any form or media, including any of the foregoing relating to research, operations, finances, current and proposed products and services, vendors, customers, advertising and marketing, and other non-public,
proprietary, and confidential information of the Company or its Affiliates. Notwithstanding anything to the contrary contained herein, the general skills, knowledge and experience gained during the Participant’s employment with the Company,
information publicly available or generally known within the industry or trade in which the Company competes and information or knowledge possessed by the Participant prior to his/her employment by the Company, shall not be considered Confidential
Information. 
 (b) Non-Disclosure. During and after the Participant’s employment with the Company, the Participant
will not use, disclose, copy or transfer any Confidential Information other than as authorized in writing by the Company or within the scope of the Participant’s duties with the Company as determined reasonably and in good faith by the
Participant. Anything herein to the contrary notwithstanding, the provisions of this Section 8(b) shall not apply (i) when disclosure is required by law or by any court, arbitrator, mediator or administrative or legislative body (including
any committee thereof) with actual or apparent jurisdiction to order the Participant to disclose or make accessible any information; provided that prior to any such disclosure the 

  
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Participant shall provide the Company with reasonable notice of the requirements to disclose and an opportunity to object to such disclosure and the Participant shall cooperate with the Company
in filing such objection; or (ii) as to information that becomes generally known to the public or within the relevant trade or industry other than due to the Participant’s violation of this Section 8(b). 

(c) Materials. The Participant will use Confidential Information only for normal and customary use in the Company’s business,
as determined reasonably and in good faith by the Company. The Participant will return to the Company all Confidential Information and copies thereof and all other property of the Company or any of its Affiliates at any time upon the request of the
Company and in any event immediately after termination of the Participant’s employment. The Participant agrees to identify and return to the Company any copies of any Confidential Information after the Participant ceases to be employed by the
Company. Anything to the contrary notwithstanding, nothing in this Section 8 shall prevent the Participant from retaining a home computer (provided all Confidential Information has been removed), papers and other materials of a personal nature,
including diaries, calendars and Rolodexes, information relating to his/her compensation or relating to reimbursement of expenses, information that may be needed for tax purposes, and copies of plans, programs and agreements relating to his/her
employment. 
 (d) Conflicting Obligations and Rights. The Participant agrees to inform the Company of any apparent
conflicts between the Participant’s work for the Company and any obligations the Participant may have to preserve the confidentiality of another’s proprietary information or related materials before using the same on the Company’s
behalf. The Company shall receive such disclosures in confidence and consistent with the objectives of avoiding any conflict of obligations and rights or the appearance of any conflict of interest. 

(e) Enforcement. The Participant acknowledges that in the event of any breach or threatened breach of this Section 8, the
business interests of the Company and its Affiliates will be irreparably injured, the full extent of the damages to the Company and its Affiliates will be impossible to ascertain, monetary damages will not be an adequate remedy for the Company and
its Affiliates, and the Company will be entitled to enforce this Agreement by a temporary, preliminary and/or permanent injunction or other equitable relief, without the necessity of posting bond or security, which the Participant expressly waives.
The Participant understands that the Company may waive some of the requirements expressed in this Agreement, but that such a waiver to be effective must be made in writing and should not in any way be deemed a waiver of the Company’s right to
enforce any other requirements or provisions of this Agreement. The Participant agrees that each of the Participant’s obligations specified in this Agreement is a separate and independent covenant and that the unenforceability of any of them
shall not preclude the enforcement of any other covenants in this Agreement or any other agreement. All terms set forth in Section 8(a) through (e) of the Agreement shall survive any termination or expiration of this Agreement. 

  
 4 

 9. Non-transferability. 

(a) Restriction on Transfers. Except as provided in Section (b) below, the unvested shares of Restricted Stock, and any
rights or interests therein, (i) shall not be sold, exchanged, transferred, assigned or otherwise disposed of in any way at any time by the Participant (or any beneficiary(ies) of the Participant), other than by testamentary disposition by the
Participant or by the laws of descent and distribution, (ii) shall not be pledged or encumbered in any way at any time by the Participant (or any beneficiary(ies) of the Participant) and (iii) shall not be subject to execution, attachment
or similar legal process. Any attempt to sell, exchange, pledge, transfer, assign, encumber or otherwise dispose of such shares of Restricted Stock, or the levy of any execution, attachment or similar legal process upon such shares of Restricted
Stock, contrary to the terms of this Agreement and/or the Plan, shall be null and void and without legal force or effect. 
 (b)
Permissible Transfers. During the Participant’s lifetime, the Participant may, with the consent of the Committee, transfer without consideration all or any portion of the unvested shares of Restricted Stock to one or more members of
his/her Immediate Family, to a trust established for the exclusive benefit of one or more members of his/her Immediate Family, to a partnership in which all the partners are members of his/her Immediate Family, or to a limited liability company in
which all the members are members of his/her Immediate Family. 
 10. Entire Agreement; Amendment. This Agreement,
together with the Plan and the Participant’s Employment Agreement, dated                  , 201   (the “Employment Agreement”), 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. For the
avoidance of doubt, Section 25 of the Employment Agreement is incorporated by reference into this Agreement. The Committee shall have the right, in its sole discretion, to modify or amend this Agreement from time to time in accordance with and
as provided in the Plan. This Agreement may also be modified or amended by a writing signed by both the Company and the Participant. The Company shall give written notice to the Participant of any such modification or amendment of this Agreement as
soon as practicable after the adoption thereof. 
 11. Acknowledgment of Participant. This award of Restricted
Stock does not entitle Participant to any benefit other than that granted under this Agreement Any benefits granted under this Agreement are not part of the Participant’s ordinary salary or other compensation and shall not be considered as part
of such compensation in the event of severance, redundancy or resignation. 
 12. Governing Law. This Agreement
shall be governed by and construed in accordance with the laws of the State of Delaware, without reference to the principles of conflict of laws thereof. 

  
 5 

 13. Withholding of Tax. 

(a) General. The Participant shall be required to pay in cash, or to make other arrangements satisfactory to the Company
(including, without limitation, authorizing withholding from payroll and/or any other amounts payable to the Participant), an amount sufficient to satisfy any federal, provincial, state, local and foreign taxes of any kind (including, without
limitation, the Participant’s FICA and SDI obligations) which the Company, in its sole discretion, deems necessary to comply with the Code and/or any other applicable law, rule or regulation with respect to the Restricted Stock or the vesting
of such Restricted Stock. Unless the tax withholding obligations of the Company are satisfied, the Company shall have no obligation to issue a certificate or book-entry transfer for such Restricted Stock. 

(b) Shares Not Publicly Traded. Notwithstanding anything to the contrary in Section 13(a), in the event the Shares are not
listed for trading on an established securities exchange on the date the Restricted Stock is required to be settled then the Company shall, at the request of the Participant, deduct or withhold Shares having a Fair Market Value equal to the minimum
amount required to be withheld to satisfy any federal, state, local and foreign taxes of any kind (including, without limitation, the Participant’s FICA and SDI obligations) which the Company, in its sole discretion, deems necessary to comply
with the Code and/or any other applicable law, rule or regulation with respect to the Restricted Stock or the vesting of such Restricted Stock. 
 14. No Right to Employment. Any questions as to whether and when there has been a Termination and the cause of such Termination shall be determined in the sole discretion of the Committee.
Nothing in this Agreement shall interfere with or limit in any way the right of the Company to terminate the Participant’s employment or service at any time, for any reason and with or without cause. 

15. Notices. Any notice which may be required or permitted under this Agreement shall be in writing, and shall be delivered
in person or via facsimile transmission, overnight courier service or certified mail, return receipt requested, postage prepaid, properly addressed as follows: 
 (a) If such notice is to the Company, to the attention of the General Counsel of the Company or at such other address as the Company, by notice to the Participant, shall designate in writing from time to
time. 
 (b) If such notice is to the Participant, at his/her address as shown on the Company’s records, or at such other
address as the Participant, by notice to the Company, shall designate in writing from time to time. 
 16. Compliance with
Laws. The issuance of the Restricted Stock 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 of 1933, as 

  
 6 

 
amended, the 1934 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 pursuant to this Agreement if any such issuance would violate any such requirements. 
 17. 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 as provided by Section 9 hereof) any part
of this Agreement without the prior express written consent of the Company. 
 18. 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. 
 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. 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
Plan and the consummation of the transactions contemplated thereunder. 
 21. Severability. The invalidity or
unenforceability of any provisions of this Agreement, including, without limitation, Section 8, 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. 

22. Merger Agreement. Notwithstanding anything to the contrary contained in this Agreement, 

(a) At the Effective Time (as defined in the Merger Agreement), the Restricted Stock will be converted into the Cash Consideration, the
Stock Consideration or the Mixed Consideration (each as defined in the Merger Agreement), and the Participant, as a holder of Restricted Stock, will have the election rights set forth in Section 1.6 of the Merger Agreement.

(b) At the Effective Time, each share of Restricted Stock held by the Participant immediately prior to the Effective Time will be deemed
to constitute, on the same terms and conditions as provided in this Agreement, an award of the Cash Consideration, the Stock Consideration or the Mixed Consideration, as determined in accordance with such Section 1.6; provided, that any
resulting fractional shares of Parent Class A Common Stock (as defined in the Merger Agreement) will be rounded down to 

  
 7 

 
the nearest share and there will be a payment calculated in the same manner as set forth in Section 2.5 of the Merger Agreement, on the date on which the Restricted Stock vests, of cash in
lieu of any fractional share of Parent Class A Common Stock lost due to such rounding. 
 (c) Following the Effective Time,
in the event of any conflict between the terms of this Agreement and the terms of the Merger Agreement, the terms of the Merger Agreement shall control. 
 23. [Section 280G. Notwithstanding anything to the contrary contained in this Agreement, 
 (a) If it shall be determined that any benefit provided to the Participant or payment or distribution by or for the account of the Company to or for the benefit of the Participant, whether provided, paid
or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (a “Payment”) would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Payments that
would be provided, paid or payable or distributed or distributable to the Participant pursuant to the terms of this Agreement shall be reduced prior to payment thereof so that the Parachute Value of all Payments, in the aggregate, equals the Safe
Harbor Amount; provided that such reduction shall only be made if such reduction results in a more favorable after-tax position for the Executive. 
 (b) Subject to the provisions of Section 23(c), all determinations required to be made under this Section 23, including the assumptions to be utilized in arriving at such determination, shall be
made by the Company’s independent, certified public accounting firm or such other certified public accounting firm as may be designated by the Company prior to the change in ownership or effective control (as defined for purposes of
Section 280G of the Code) of the Company (a “280G Change in Control”) (the “Accounting Firm”) which shall provide detailed supporting calculations both to the Company and the Participant within fifteen (15) business
days of the receipt of notice from the Participant that there is scheduled to be a Payment, or such earlier time as is requested by the Company. If the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting
a 280G Change in Control, the Participant shall appoint another nationally recognized accounting firm which is reasonably acceptable to the Company to make the determinations required hereunder (which accounting firm shall then be referred to as the
Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall be borne solely by the Company. 
 (c) The
following terms shall have the following meanings for purposes of this Section 23: 
 (i) “Base Amount” means
“base amount,” within the meaning of Section 280G(b)(3) of the Code. 
 (ii) “Parachute Value” of a
Payment shall mean the portion of such Payment that constitutes a “parachute payment” under Section 280G(b)(2), as 

  
 8 

 
determined by the Accounting Firm for purposes of determining whether and to what extent the Excise Tax will apply to such Payment. 

(iii) “Safe Harbor Amount” means 2.99 times the Participant’s Base Amount.] 

24. Definitions. Any capitalized term not defined in this Agreement shall have the same meaning as is ascribed thereto in
the Plan. 
 [Remainder of Page Intentionally Left Blank] 

  
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 NEO FORM 
 IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first above written. 
  

			
	CITADEL BROADCASTING CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PARTICIPANT
	
	  

	Name:	 	
	Social Security Number:

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