Document:

EX-4.D

Exhibit 4(d)

			
	 	 	 
	
	 	Huntington Bancshares Incorporated

Restricted Stock Award Grant Agreement

RESTRICTED STOCK AWARD GRANT AGREEMENT

	 	 	 
	Employee Name:

	 	Kevin M. Blakely
	 
	 	 
	Number of Shares of Restricted Stock Subject to Grant:

	 	40,000 
	 
	 	 
	Date of Grant:

	 	July 8, 2009
	 

	 	First Date of Employment
	 
	 	 
	Closing Price on Grant Date:

	 	$3.40 

     THIS RESTRICTED STOCK AWARD GRANT AGREEMENT (this “Agreement”) is made as of the date in the
box above labeled “Date of Grant” by Huntington Bancshares Incorporated, a Maryland corporation and
its subsidiaries (the “Company”), and is hereby communicated to the employee named in the box above
(the “Employee”).

     WHEREAS, the Company desires to grant the Employee an award of Restricted Stock to serve as
inducement material to the Employee entering into employment with the Company.

     NOW, THEREFORE, in consideration of the premises, the Company grants the Employee an award of
Restricted Stock under the following terms and conditions:

1. Grant of Restricted Stock.

     The Company, by authority of its Board of Directors (the “Board”), hereby grants to the
Employee an award of the number of shares of Restricted Stock identified above (the “Grant”) to be
issued in accordance with all of the terms and conditions set forth in this Agreement. The
Restricted Stock will be issued and registered in the name of the Employee, subject to the
restrictions set forth in this Agreement.

This award of Restricted Stock is not made under, but subject to all the terms, conditions and
limitations of the Amended and Restated 2007 Stock and Long-Term Incentive Plan (the “Plan”) and
any successor plan. The Restricted Stock Awards are subject to such rules and regulations that the
Compensation Committee may adopt for administration of the Plan, and to all applicable laws, rules
and regulations, and to such approvals by any governmental agencies or national securities
exchanges as may be required. In event of a conflict between this Grant Agreement and one or more
provisions of the Plan, the provisions in the Plan shall govern.

2. Vesting and Forfeiture Provisions.

     (a) The Employee’s Restricted Stock will vest as to 100% of the shares on July 8, 2011

     (b) If the Employee’s employment terminates for any reason other than those reasons specified
in this Section 2 of this Agreement, the shares of the Employee’s Restricted Stock that have not
vested shall be forfeited on and after the effective date of the termination.

     (c) Notwithstanding any provision to the contrary, if at least 6 months after the Date of
Grant, the Employee’s employment with the Company is terminated (i) involuntarily without Cause (as
defined in the Plan) or (ii) due to death, the Employee shall become vested in a prorated number of
shares of Restricted Stock (with any factional shares rounded up to the next whole number) equal to
the number of shares of Restricted Stock subject to this Grant times a fraction. The numerator of
the fraction shall be

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Exhibit 4(d) 

			
	 	 	 
	
	 	Huntington Bancshares Incorporated

Restricted Stock Award Grant Agreement

the number, which in no event shall be greater than 24, of all full and partial months (with
partial months being counted as full months) that passed beginning with the month that contains the
Date of Grant and ending with the month in which the Employee’s termination occurred. The
denominator of the fraction shall be 24.

     (d) Notwithstanding any provision to the contrary, upon the occurrence of a Change in Control,
the Employee shall become immediately vested in 100% of the shares of Restricted Stock. For
purposes of this Agreement, a “Change in Control,” with respect to the Company is defined in
Section 2.6 of the Plan.

     (e) After review of this Agreement, the Employee will be required to accept the terms and
conditions of the Restricted Stock award by signing the last page of this Agreement to acknowledge
acceptance of the terms and conditions herein. If this Restricted Stock award is not accepted by
August 14, 2009, then this award will be subject to forfeiture.

     (f) By accepting this Agreement and the Restricted Stock award, the Employee agrees that he
will not, during his employment with Huntington and for a period of one year after such employment
ceases, either voluntarily or involuntary for any reason:

	 	1.	 	Solicit, either directly or indirectly, any person employed by the Company for
employment with, or to provide services, to any other entity that does business in
securities, commodities, financial futures, insurance, banking, financial planning,
tax-advantaged investments or any other line of business in which the Company is engaged;
or
	 
	 	2.	 	Contact any customer of the Company for whom the Employee performed any services or
had any direct business contact for the purpose of (i) identifying his or her new
association or his or her change of employment or current affiliation or (ii) soliciting,
influencing or inducing any such customers to obtain any product or service offered by
the Company from any person or entity other than the Company; or
	 
	 	3.	 	Contact any customer or prospective customer of the Company whose identity or other
customer specific information the Employee obtained or gained access to as an employee of
Company for the purpose of soliciting, influencing or inducing any such customers or
prospective customers to obtain any product or service provided by the Company from any
person or entity other than the Company; or
	 
	 	4.	 	Use proprietary information to solicit, influence or induce any customer or
prospective customer of the Company to terminate or reduce any business relationship with
the Company or to obtain any product or service provided by the Company from any person
or entity other than the Company. Proprietary information includes customer or
prospective customer information, including names, addresses, telephone numbers, email
addresses or other identifying or contact information, account or transactional
information, and other personal, business or financial information, and also includes
information concerning the Company’s business plans and methods, market strategies,
products and services, technology and computer systems, business techniques and
processes, policies, procedures and training materials.

   Notwithstanding the foregoing provisions of this Section 2, if (i) Employee terminates
employment under Company’s Transition Pay Plan and executes an Enhanced Transition Agreement and
Release, or (ii) within one year following a Change in Control, Employee separates employment under
Company’s Transition Pay Plan and executes an Enhanced Transition Agreement and Release, then
Employee’s obligations will cease as of the date of his or her employment termination.

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Exhibit 4(d) 

			
	 	 	 
	
	 	Huntington Bancshares Incorporated

Restricted Stock Award Grant Agreement

     (g) The Company will not have any further obligations to the Employee under this Grant if any
of the Employee’s shares of Restricted Stock are forfeited as provided herein, including the
payment of any dividends provided for in this Agreement.

3. Certificates for Shares of Restricted Stock Granted. The Company shall either issue
certificates in respect of the shares of Restricted Stock granted to the Employee or hold the
shares electronically with its transfer agent in the name of the Employee and for the benefit of
the Employee until the shares represented thereby become vested. Such certificates or account shall
bear the following legend:

“The transferability of this certificate or account and the shares of stock
represented hereby are subject to an agreement between the Company and the
registered holder, a copy of which is on file at the principal office of this
Company.”

     The Employee further agrees that at the Company’s request, he will execute stock powers in
favor of the Company with respect to the shares and that the Employee shall promptly deliver such
stock powers to the Company.

4. Issuance of Stock.

     The Company, or its transfer agent, will deliver the vested shares of the Restricted Stock and
any related stock power to the Employee as soon as practicable after such shares of Restricted
Stock become vested, subject to payment of the applicable withholding tax liability as set forth
below. If the Employee dies before the Company has distributed any portion of the vested
Restricted Stock, the Company will transfer any shares payable with respect to the vested
Restricted Stock in accordance with the Employee’s written beneficiary designation or to the
Employee’s estate if no written beneficiary designation is provided. If the Employee did not have
a will, any shares payable with respect to the vested Restricted Stock will be distributed in
accordance with the laws of descent and distribution.

5. Withholding Taxes.

     The Company shall have the power and the right to deduct or withhold, or require the Employee
to remit to the Company, an amount sufficient to satisfy federal, state, local and foreign taxes
required by law or regulation to be withheld with respect to any taxable event arising as a result
of this Agreement, including the payment of shares or cash. With regard to the above, the Company
is permitted to withhold a number of shares having a fair market value equal to Employee’s
withholding obligations, based on the minimum federal, state and local and other tax withholding
rate, and to pay this amount to the Internal Revenue Service or other taxing authority on the
Employee’s behalf. Delivery or withholding of fractional shares is not permitted, and as such, the
Company may round any fractional shares up or down to the next whole share to satisfy the
withholding obligations.

6. Conditions to Delivery of Shares.

     The shares of stock held by the transfer agent may be either previously authorized but
unissued shares or issued shares which have been reacquired by the Company. The Company shall not
be required to issue any certificate or certificates for shares of stock hereunder prior to
fulfillment of all of the following conditions: (a) the admission of such shares to listing on all
stock exchanges on which such class of stock is then listed; (b) the completion of any registration
or other qualification of such shares under any State or Federal law or under the rulings or
regulations of the Securities and Exchange Commission or any other governmental regulatory body,
which the Committee shall, in its absolute discretion, deem necessary or advisable; (c) the
obtaining of any approval or other clearance from any

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Exhibit 4(d) 

			
	 	 	 
	
	 	Huntington Bancshares Incorporated

Restricted Stock Award Grant Agreement

State or Federal governmental agency, which the Committee shall, in its absolute discretion,
determine to be necessary or advisable; (d) the lapse of such reasonable period of time following
the Date of Grant and during which the Compensation Committee of the Company’s Board of Directors
(the “Committee”) reasonably believes that the issuance of shares would violate any applicable
laws, government regulations, requirements of any securities exchange on which the Corporation’s
Shares are traded, or any insider trading policy of the Corporation; and (e) the lapse of such
reasonable period of time following the date of grant of the shares of Restricted Stock as the
Committee may establish from time to time for reasons of administrative convenience.

7. Restriction on Transferability.

     Until the shares of Restricted Stock have vested under this Agreement, the Restricted Stock
granted herein and the rights and privileges conferred hereby may not be sold, transferred,
pledged, assigned, or otherwise alienated or hypothecated (by operation of law or otherwise). Any
attempted transfer in violation of the provisions of this paragraph shall be void, and the
purported transferee shall obtain no rights with respect to such Restricted Stock.

8. Rights as Stockholder.

     Subject to the limitations provided in this Agreement, the Employee shall have all the rights
of a stockholder of the Company, including voting rights and the right to receive dividends, with
respect to shares of Restricted Stock that have not yet vested. Notwithstanding the foregoing, no
dividends will be payable to the Employee with respect to record dates for such dividends occurring
before the Date of Grant, or with respect to record dates for such dividends occurring on or after
the date, if any, for which the Employee has forfeited the shares of Restricted Stock.

9. Capital Adjustment Provisions.

     In the event of a stock split, stock dividend, reclassification, reorganization,
redesignation, or other change in the Company’s capitalization or corporate structure, the number
and class of shares of Restricted Stock shall be proportionately adjusted or substituted to reflect
such change.

10. Authority of the Compensation Committee.

     The Compensation Committee of the Company’s Board of Directors (the “Committee”) shall have
the power to construe and interpret the provisions of this Agreement and may correct any defect,
supply any omission or reconcile any inconsistency in the Agreement in the manner and to the extent
it shall deem desirable to carry the Agreement into effect. Further, the Committee shall make all
other determinations which may be necessary or advisable for the administration of the Agreement.
All determinations and decisions made by the Committee shall be final, conclusive, and binding on
all persons, including the Company, the Employee, and the Employee’s estate and beneficiaries.

11. Addresses for Agreements.

     Any Agreement to be given to the Company under the terms of this Agreement shall be addressed
to the Company, in care of the Compensation Director, at Huntington Bancshares Incorporated,
Huntington Center, HC0318, 41 S. High Street, Columbus, Ohio 43287, or at such other address as the
Company may hereafter designate in writing. Any Agreement to be given to the Employee shall be
addressed to the Employee at the address maintained on the books and records of the Company.

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Exhibit 4(d)

			
	 	 	 
	
	 	Huntington Bancshares Incorporated

Restricted Stock Award Grant Agreement

12. Captions.

     Captions provided herein are for convenience only and are not to serve as a basis for
interpretation or construction of this Agreement.

13. Agreement Severable.

     In the event that any provision in this Agreement shall be held invalid or unenforceable, such
provision shall be severable from, and such invalidity or unenforceability shall not be construed
to have any effect on, the remaining provisions of this Agreement.

14. Expenses.

     Costs of administration of the terms and conditions of this Agreement will be paid by the Company.

15. Governing Law / Compliance with Applicable Law.

     The terms and conditions of this Agreement shall be governed by the laws of the State of Ohio,
except to the extent preempted by federal law.

     The Company and the Employee acknowledge that this Agreement will be administered in
accordance with the requirements that may apply under any applicable federal law.

16. Entire Agreement; Amendment.

     This Agreement contains the terms and conditions with respect to the subject matter hereof and
supersede any previous agreements, written or oral, relating to the subject matter hereof. The
Company may not amend, alter, suspend, discontinue or terminate any provision of this Agreement in
a manner that may adversely affect the Employee without the Employee’s (or his legal
representative’s) written consent.

17. Employee’s Acceptance.

     The Employee shall signify his acceptance of the terms and conditions of this Agreement by
signing in the space provided below, by signing any related stock power, and by returning a signed
copy of these documents to the Company.

Please retain this Agreement, as it is the official statement of the key terms of your award. If
you have any questions regarding the administration of this Agreement, please contact Joan Snyder
at (614) 480-4885 or Holly Bush at (614) 480-3011.

	 	 	 
	Stephen D. Steinour

	 	July 8, 2009
	 

	 	 
	Chairman, President and Chief Executive Officer

	 	Date
	 
	 	 
	/s/ Kevin M. Blakely

	 	July 23, 2009
	 

	 	 
	Kevin M. Blakely

	 	Date

5exv10w1

Exhibit 10.1

SEVERANCE AGREEMENT AND RELEASE

     THIS SEVERANCE AGREEMENT AND RELEASE (the “Agreement”) is made this 3rd day of
September, 2009, by and between John D. Filipowicz (“Employee”) and RCN Telecom Services, Inc.
(“Company”), together with each and every one of its predecessors, successors, directors, officers,
employees and agents, whether present or former (collectively the “Releasees”).

     WHEREAS, Employee’s employment by the Employer will terminate effective August 21, 2009
(“Separation Date”);

     WHEREAS, the parties desire that Employee’s separation be on an amicable basis;

     In consideration of the mutual covenants and obligations contained herein, Employee and
Company, each intending to be legally bound, agree as follows:

     1. Separation Benefits. In consideration for the releases and other covenants set
forth in this Agreement, the Company will provide Employee with the separation payment(s) and
benefit(s) set forth on Exhibit A (the “Separation Benefits”). Employee acknowledges that the
Company has no previous obligation to provide Employee the Separation Benefits.

     2. Acknowledgement. Employee acknowledges that he or she has received all
compensation due from the Company, including all vacation pay and other compensation due. Employee
acknowledges that, if applicable, he or she has received proper compensation for any overtime hours
worked. Employee acknowledges that he or she has been granted any leave time to which he or she
believes he or she was entitled under the Family and Medical Leave Act or other laws.

     3. Employee’s Release. Employee, on behalf of himself or herself, and on behalf of
his or her descendants, dependents, heirs, executors, administrators, assigns, and successors
hereby generally releases and discharges the Releasees from any and all suits, causes of action,
complaints, obligations, demands, or claims of any kind, whether in law or in equity, direct or
indirect, known or unknown, suspected or unsuspected (hereinafter “claims”), which Employee ever
had or now has against the Releasees, or any one of them, arising out of or relating to any matter,
thing or event occurring up to and including the date of this Agreement. Employee’s release
specifically includes, but is not limited to:

          a. any and all claims for wages and benefits including, without limitation, salary, stock,
options, commissions, royalties, license fees, health and welfare benefits, severance pay, vacation
pay, and bonuses;

          b. any and all claims for wrongful discharge, breach of contract (whether express or implied),
or for breach of the implied covenant of good faith and fair dealing;

 

 

          c. any and all claims for alleged employment discrimination on the basis of age, race, color,
religion, sex, national origin, veteran status, disability and/or handicap, pregnancy, childbirth
or related medical conditions, marital status and any and all other claims in violation of any
federal, state or local statute, ordinance, judicial precedent or executive order, including but
not limited to claims under the following statutes: Title VII of the Civil Rights Act of 1964, 42
U.S.C. §2000e et seq., the Civil Rights Act of 1866, 42 U.S.C. §1981, the Age
Discrimination in Employment Act, 29 U.S.C. §621 et seq., the Older Workers
Benefit Protection Act, 29 U.S.C. §626(f), the Americans with Disabilities Act, 42 U.S.C. §12101
et seq., the Family and Medical Leave Act of 1993, 29 U.S.C. §2601 et seq., the
Employee Retirement Income Security Act of 1974, 29 U.S.C. §1001 et seq., the Virginia
Human Rights Act, Virginia Code § 2.1-714 et seq., or any comparable statute of any other
state, country, or locality;

          d. any and all claims under any federal, state or local statute or law;

          e. any and all claims in tort (including but not limited to any claims for misrepresentation,
defamation, interference with contract or prospective economic advantage, intentional or negligent
infliction of emotional distress, duress, loss of consortium, invasion of privacy and negligence);
and

          f. any and all claims for attorneys’ fees and costs.

     4. Effect of Release. Employee agrees and acknowledges:

          a. that this Agreement is intended to be a general release that extinguishes all claims by
Employee against Releasees;

          b. that Employee is waiving any claims against Releasees arising under all federal, state and
local statutes, ordinances and common law, including but not limited to any and all claims alleging
personal injury, emotional distress or other torts, to the fullest extent permitted by law;

          c. that Employee is waiving all claims against Releasees, known or unknown, arising or
occurring prior to and including the date of Employee’s execution of this Agreement;

          d. that by signing (and not revoking) this Agreement, Employee is permanently giving up,
surrendering, and waiving any claim that Releasees subjected him to discrimination or harassment
because of age, took any other adverse action against Employee because of age, or violated any
other provision of the ADEA (or any similar law) in connection with Employee’s employment or
termination from employment;

          f. that the Separation Benefits that Employee will receive in exchange for Employee’s waiver
of the claims specified herein exceeds anything of value to which Employee is already entitled;

          g. that Employee was hereby informed by the Company in writing to consult with an attorney,
and that Employee had at least 21 days to consider this Agreement;

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          h. that Employee has entered into this Agreement knowingly and voluntarily with full
understanding of its terms and after having had the opportunity to seek and receive advice from
counsel of Employee’s choosing; and

          i. that Employee has had a reasonable period of time within which to consider this Agreement.

Employee agrees not to apply for or seek employment by the Company. Neither this release nor the
promise not to sue set out below should be construed, however, to prevent Employee from filing a
claim based on rights that cannot be waived as a matter of law, such as, but not limited to, the
right to claims for vested benefits under ERISA; the right to continued benefits in accordance with
COBRA; any claim to receive workers’ compensation benefits or unemployment insurance, in accordance
with applicable law; the right to challenge the knowing and voluntary nature of this Agreement
under the Older Workers Benefit Protection Act (“OWBPA”); any claim to enforce the terms of this
Agreement; or any claim which cannot be waived as a matter of law.

     5. Covenant Not to Sue. Employee affirms that no charge, complaint or action exists
in any forum brought by or on behalf of Employee against the Releasees and that Employee has not
assigned any existing or potential claim that Employee purports to release to any third party.
Further, Employee, on behalf of himself or herself, and his or her descendants, dependents, heirs,
executors, administrators, assigns, and successors covenants that Employee will not at any time
hereafter commence, maintain, or in any way cause, or advise to be commenced or prosecuted, or
permit to be filed by any other person on her behalf, any grievance, charge, action (including any
class action), suit, or proceeding (judicial or administrative) against Company, except as such
waiver is specifically prohibited by law or regulation. Although this Agreement does not prevent
Employee from filing a charge with the Equal Employment Opportunity Commission (or similar state
agency) or participating in an investigation conducted by the Commission (or similar state agency),
any claims for personal relief, including reinstatement or monetary damages, would be barred.

     6. Remedies. All remedies at law or in equity shall be available to the Releasees for
the enforcement of this Agreement. This Agreement may be pleaded as a full bar to the enforcement
of any claim that Employee may assert against the Releasees.

     7. No Admissions. Neither the execution of this Agreement by the Releasees, nor the
terms hereof, constitute an admission by the Releasees of liability to Employee.

     8. No Disparagement. Employee agrees to refrain from making disparaging comments
about the Releasees, and further agrees not to disrupt the Releasees’ business activities in any
manner whatsoever. Company agrees to use reasonable best efforts not to make any disparaging
comments about the Employee.

     9. Confidentiality of Agreement. Employee shall not disclose or publicize the terms
or fact of this Agreement, directly or indirectly, to any person or entity, except to his or her
accountant, attorney, spouse, and to others as required by law.

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     10. Cooperation. Employee agrees to cooperate fully and promptly with any inquiries
he gets from the Company, its Board of Directors, or any committee thereof pertaining to any and
all matters relating to the management, operations, and/or financial affairs of the Company. Such
cooperation shall include truthful interviews as requested by the Company and the providing of all
requested documents, electronic data and/or other information. The Company will reimburse
Employee for all reasonable expenses associated his cooperation.

     11. Confidentiality; Non-Solicitation. In consideration for the consideration which
Employee has or will receive from the Company under this Agreement, Employee agrees to be bound by
the Restrictive Covenants set forth below.

          a. Definitions. Capitalized terms used herein will have the meanings set forth in the
preamble of this Agreement, or as set forth below:

               (1) “Proprietary Information” means confidential, proprietary, business and technical
information or trade secrets of the Company or of any parent, subsidiary or affiliate of the
Company which are not generally known or accessible to the public. Such Proprietary Information
shall include, but shall not be limited to, the following items and information relating to the
following items: (a) computer codes or instructions (including source and object code listings,
program logic algorithms, subroutines, modules or other subparts of computer programs and related
documentation, including program notation), computer processing systems and techniques, all
computer inputs and outputs (regardless of the media on which stored or located), hardware and
software configurations, designs, architecture and interfaces, (b) business research, studies,
procedures and costs, (c) financial data, (d) policy information, (e) sales and marketing data,
methods, plans and efforts, and market research information, (f) the identities of the Company’s
actual and prospective customers (including identifying information such as name, address and
telephone number), contractors and suppliers, (g) the terms of contracts and agreements with
customers, contractors and suppliers, (h) the needs and requirements of, and the Company’s course
of dealing with, actual or prospective customers, contractors and suppliers, (i) personnel
information, and (j) pricing information. Failure by the Company to mark any of the Proprietary
Information as confidential or proprietary shall not affect its status as Proprietary Information
under the terms of this Agreement.

               (2) “Restricted Period” means the twelve month period following the Employee’s
Separation Date.

               (3) “Restrictive Covenants” means the provisions contained in Section 11 of this
Agreement.

          b. Non-Solicitation. Employee shall not, during the Restricted Period, influence or
attempt to influence any person to either (1) terminate or modify any employment, consulting,
director, agency or other arrangement with the Company, or (2) employ or retain, or arrange to have
any other person or entity employ or retain, any person who has been employed or retained by the
Company as an Employee, consultant, agent or director of the Company at any time during the
Restricted Period.

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          c. Confidentiality. Employee recognizes and acknowledges that the Proprietary
Information is a valuable, special and unique asset of the business of the Company. As a result,
both during the period of Employee’s employment and thereafter, Employee shall not, without the
prior written consent of the Company, for any reason either directly or indirectly divulge to any
third party or use for his own benefit, or for any purpose other than the exclusive benefit of the
Company, any Proprietary Information revealed, obtained or developed in the course of his
employment by the Company, except as may be required by law. If Employee or any of his or her
representatives become legally compelled to disclose any of the Proprietary Information, Employee
will provide the Company with prompt written notice so that the Company may seek a protective order
or other appropriate remedy. Employee also recognizes that Employee continues to be bound by the
Company’s Code of Conduct and its provisions concerning confidentiality.

          d. Property. All right, title and interest in and to Proprietary Information shall be
and remain the sole and exclusive property of the Company. Employee shall not make, retain,
remove, disclose and/or distribute any copies of any documents, records, notebooks, files,
correspondence, reports, memoranda or similar materials of or containing Proprietary Information,
or other materials or property of any kind belonging to the Company for any reason whatsoever and
shall not divulge to any third person the nature of and/or contents of any of the foregoing or of
any other oral or written information to which he may have had access or with which for any reason
he may have become familiar. Upon the termination of his or her employment with the Company,
Employee shall leave with or return to the Company all originals and copies of the foregoing then
in his possession, whether prepared by Employee or by others. 

     12. Rights and Remedies Upon Breach.

          a. Specific Enforcement. Employee acknowledges that the Restrictive Covenants are
reasonable and necessary to protect the legitimate interests of the Company and its affiliates and
that the Company would not have entered into this Agreement in the absence of such restrictions.
Employee also acknowledges that any breach by him or her, willfully or otherwise, of the
Restrictive Covenants will cause continuing and irreparable injury to the Company for which
monetary damages would not be an adequate remedy. Employee shall not, in any action or proceeding
to enforce any of the provisions of this Agreement, assert the claim or defense that such an
adequate remedy at law exists. In the event of any such breach by Employee, the Company shall have
the right to enforce the Restrictive Covenants by seeking injunctive or other relief in any court,
without any requirement that a bond or other security be posted, and this Agreement shall not in
any way limit remedies of law or in equity otherwise available to the Company. If an action at law
or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party
shall be entitled to recover, in addition to any other relief, reasonable attorneys’ fees, costs
and disbursements.

          b. Accounting. If Employee willfully breaches, or threatens to commit a breach of any
of the Restrictive Covenants, the Company will have the right and remedy to require Employee to
account for and pay over to the Company all compensation, profits, monies, accruals, increments or
other benefits derived or received by Employee as the result of any action constituting a breach of
the Restrictive Covenants. This right and remedy

-5-

 

will be in addition to, and not in lieu of, any other rights and remedies available to the
Company under law or in equity.

          c. Judicial Modification. If any court determines that any of the Restrictive
Covenants, or any part thereof, is unenforceable because of the duration or scope of such
provision, such court shall have the power to modify such provision and, in its modified form, such
provision shall then be enforceable.

     13. Disclosure of Restrictive Covenants. Employee agrees to disclose the existence
and terms of the restrictive covenants set forth in Section 11 to any employer that Employee may
work for during the Restricted Period. Employee further agrees that the Company has the right to
make such disclosure to any future employer of Employee or for any other legitimate business
purpose.

     14. Enforceability. If any court holds the Restrictive Covenants unenforceable by
reason of their breadth or scope or otherwise, it is the intention of the parties hereto that such
determination not bar or in any way affect the right of the Company to the relief provided above in
the courts of any other jurisdiction within the geographical scope of such Restrictive Covenants.

     15. Essential Terms. Employee understands and acknowledges that the promises in
paragraphs 5, 8, 9, 10 and 11 are a material inducement for Releasees to enter this Agreement and
are of the essence of this Agreement. Employee therefore agrees that if he or she should breach
any of the provisions of the aforementioned paragraphs, it will be a material breach of the
Agreement, entitling Company (in addition to any other remedies available) to not make any payments
that are still outstanding, to costs and fees for enforcement of the breached provision(s), and to
the return of any payments made to Employee pursuant to this Agreement, except that Employee may
retain (or be paid) $1,000 as consideration for the release. This Agreement will in all other
respects remain in full force and effect.

     16. Advice of Counsel; Revocation Period; Effective Date. Employee is hereby
advised to seek the advice of counsel. Employee acknowledges that he is acting of his own free
will, that he has been afforded a reasonable time to read and review the terms of the Agreement,
and that he is voluntarily entering into this Agreement with full knowledge of its provisions and
effects. Employee intends that this Agreement shall not be subject to any claim for duress.
Employee may revoke this Agreement during the seven (7) day period following his execution of this
Agreement. This Agreement shall not be effective or enforceable until the 8th day following
Employee’s execution and non-revocation of this Agreement. If Employee revokes this Agreement, the
parties shall have no obligations under this Agreement. Employee may revoke this Agreement by
giving written notice of such revocation to the General Counsel at:

General Counsel

RCN Corporation

196 Van Buren Street

Herndon, VA 20170

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     17. Fees and Costs. The parties shall bear their own attorneys’ fees and
costs.

     18. Entire Agreement. This Agreement contains the entire agreement of the parties with
respect to the subject matter hereof, supersedes any prior agreements or understandings with
respect to the subject matter hereof, and shall be binding upon their respective heirs, executors,
administrators, successors and assigns.

     19. Severability. If any term or provision of this Agreement shall be held to be
invalid or unenforceable for any reason, the validity or enforceability of the remaining terms or
provisions shall not be affected, and such term or provision shall be deemed modified to the extent
necessary to make it enforceable.

     20. Amendments. Neither this Agreement nor any term hereof may be orally changed,
waived, discharged, or terminated, and may be amended only by a written agreement between the
parties hereto.

     21. Governing Law. This Agreement shall be governed by the laws of the Commonwealth
of Virginia, without regard to the conflict of law principles of any jurisdiction.

     22. Legally Binding. The terms of this Agreement contained herein are contractual,
and not a mere recital.

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     IN WITNESS WHEREOF, the parties, acknowledging that they are acting of their own free will,
have caused the execution of this Agreement as of this day and year first written below.

	 	 	 	 	 
	 	 	 
	 

	 	     John D. Filipowicz	 	 
	 
	 	 	 	 
	Date:
	 	 	 	 
	 
	 	 	 	 
	By:

	 	RCN TELECOM SERVICES, INC.	 	 
	 
	 	 	 	 
	 

	 	 

Jennifer McGarey
	 	 
	 
	 	 	 	 
	Title:	 	Vice President, Human Resources & Acting General Counsel
	 
	 	 	 	 
	Date:

	 	 
 

	 	 

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EXHIBIT A

SEPARATION BENEFITS

     1. 12 Months Salary Continuation. The Company will pay Employee separation payments
in the total amount of $250,000, less federal, state and local tax withholdings and any other
deductions required by law or previously authorized by Employee, payable in a single lump payment
commencing within 30 days after Employee delivers to the Company an executed copy of this
Agreement.

     2. Benefits Continuation. The Company will continue Employee’s participation in all
medical, dental and vision plans in which Employee was enrolled as of the Separation Date. The
Company will continue the coverage and pay that portion of the premium paid by the Company during
Employee’s employment until the earlier of December 31, 2010 or the Benefits Expiration Date
(defined below). Employee’s portion of the costs for any such continued benefits shall be deducted
from payments to Employee described in Section 1 of this Exhibit A (or, if such amounts are
unavailable or insufficient, Employee shall pay such amounts as otherwise directed by the Company).
Employee is obligated to inform the Company within 10 days of becoming eligible for benefit
coverage through another employer, through his spouse’s employer, or otherwise, with all medical,
dental and vision plan coverage ending as of the last day of the month as of which Employee becomes
eligible for such other benefit coverage (the “Benefits Expiration Date”). Beginning on the date
that the Company no longer provides subsidized benefit coverage pursuant to this Agreement,
Employee shall be eligible for health insurance coverage pursuant to the terms of the Consolidated
Omnibus Budget Reconciliation Act of 1985( “COBRA”);

     3. Additional payment in lieu of vacation. The Company will pay Employee an amount
equal to 55.45 hours of base pay as compensation for the vacation time Employee would have accrued
if he had remained employed through December 31, 2009.

     4. 2009 Annual Performance Bonus. The Company shall pay Employee his 2009 annual
bonus pursuant to the Company’s 2009 Short Term Incentive Plan (“Bonus Plan”) attributable to
Employee’s employment with the Company for the period from January 1, 2009 through the Separation
Date. The parties agree and acknowledge that Employee’s annual bonus target is fifty percent (50%)
of Employee’s eligible salary from January 1, 2009 through the Separation Date. Employee’s bonus
payment will be based on calculations as defined in the Bonus Plan as in effect on the Separation
Date. The Company will pay the bonus payment, if any, to Employee at the time, in the same form,
and under the same terms that the Company generally makes payment to the employees of the Company
under the Bonus Plan.

     5. 12 Months of Equity Vesting. For purposes of vesting in equity awards made
pursuant to the Company’s 2005 Stock Compensation Plan (the “Plan”), the Company will treat
Employee as if he remained employed through the 12 month period following the Separation Date. Any
option (or portion thereof) that vests pursuant to this Section 4 shall terminate at 5:00 p.m.
(local Virginia time) on the 180th calendar day following the date such option (or portion

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thereof) vests pursuant to this Agreement (the “Equity Cancellation Date”).
Furthermore, the Equity Cancellation Date for all options vested prior to the Separation Date will
be February 21, 2010. Any terminated option shall be cancelled and shall have no further force or
effect. Any Plan awards of performance-based restricted stock or restricted stock units scheduled
to vest during this 12 month time period will remain subject to applicable performance-based
criteria as described under the Plan and award agreements. Except as expressly provided herein,
the terms of the Plan and applicable award agreements shall govern all of Employee’s outstanding
Plan awards.

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