Document:

Exhibit 10.1

 

INTRADO
INC.

 

NONQUALIFIED
DEFERRED COMPENSATION PLAN

 

 

Amended and Restated Effective January 1,
2005

 

 

TABLE OF
CONTENTS

 

	
   

  	
  Page

  
	
   

  	
   

  
	
  ARTICLE 1 INTRODUCTION

  	
  1

  
	
   

  	
   

  	
   

  
	
  1.1

  	
  Purpose of Plan

  	
  1

  
	
  1.2

  	
  Status of Plan

  	
  1

  
	
  1.3

  	
  Code Section 409A Transition
  Rules

  	
  1

  
	
   

  	
   

  	
   

  
	
  ARTICLE 2
  DEFINITIONS

  	
  2

  
	
   

  	
   

  	
   

  
	
  2.1

  	
  Account

  	
  2

  
	
  2.2

  	
  Administrator

  	
  2

  
	
  2.3

  	
  Change in Control

  	
  2

  
	
  2.4

  	
  Code

  	
  2

  
	
  2.5

  	
  Committee

  	
  2

  
	
  2.6

  	
  Compensation

  	
  2

  
	
  2.7

  	
  Director

  	
  2

  
	
  2.8

  	
  Disability

  	
  2

  
	
  2.9

  	
  Discretionary Incentive
  Contribution

  	
  2

  
	
  2.10

  	
  Effective Date

  	
  2

  
	
  2.11

  	
  Election Form

  	
  3

  
	
  2.12

  	
  Elective Deferral

  	
  3

  
	
  2.13

  	
  Eligible Employee

  	
  3

  
	
  2.14

  	
  Employer

  	
  3

  
	
  2.15

  	
  ERISA

  	
  3

  
	
  2.16

  	
  Key Employee

  	
  3

  
	
  2.17

  	
  Normal Retirement Age

  	
  3

  
	
  2.18

  	
  Participant

  	
  3

  
	
  2.19

  	
  Plan

  	
  3

  
	
  2.20

  	
  Plan Year

  	
  3

  
	
  2.21

  	
  Separation from Service

  	
  3

  
	
  2.22

  	
  Trust

  	
  3

  
	
  2.23

  	
  Trustee

  	
  4

  
	
  2.24

  	
  Unforeseeable Emergency

  	
  4

  
	
   

  	
   

  	
   

  
	
  ARTICLE 3
  PARTICIPATION

  	
  5

  
	
   

  	
   

  	
   

  
	
  3.1

  	
  Commencement of Participation

  	
  5

  
	
  3.2

  	
  Continued Participation

  	
  5

  
	
   

  	
   

  	
   

  
	
  ARTICLE 4
  ELECTIVE DEFERRALS AND DISCRETIONARY CONTRIBUTIONS

  	
  6

  
	
   

  	
   

  	
   

  
	
  4.1

  	
  Elective Deferrals

  	
  6

  
	
  4.3

  	
  Discretionary Incentive
  Contributions

  	
  6

  
	
  4.4

  	
  Deferral Elections

  	
  7

  

 

i

 

	
  ARTICLE 5
  ACCOUNTS

  	
  9

  
	
   

  	
   

  	
   

  
	
  5.1

  	
  Accounts

  	
  9

  
	
  5.2

  	
  Status of Accounts

  	
  9

  
	
  5.3

  	
  Deemed Investment of Amounts
  Deferred

  	
  9

  
	
  5.4

  	
  Earnings and Losses

  	
  10

  
	
  5.5

  	
  Vesting

  	
  10

  
	
   

  	
   

  	
   

  
	
  ARTICLE 6
  RABBI TRUST

  	
  11

  
	
   

  	
   

  	
   

  
	
  6.1

  	
  Establishment of Rabbi Trust

  	
  11

  
	
  6.2

  	
  Funding the Trust

  	
  11

  
	
  6.3

  	
  Claims of Creditors

  	
  11

  
	
   

  	
   

  	
   

  
	
  ARTICLE 7
  DISTRIBUTIONS

  	
  12

  
	
   

  	
   

  	
   

  
	
  7.1

  	
  Permissible Payments

  	
  12

  
	
  7.2

  	
  Election as to Time and Form of
  Payment

  	
  12

  
	
  7.3

  	
  Distributions to Key Employees

  	
  12

  
	
  7.4

  	
  Default Elections

  	
  12

  
	
  7.5

  	
  Beneficiary

  	
  13

  
	
  7.6

  	
  Unforeseeable Emergency

  	
  13

  
	
  7.7

  	
  Taxes

  	
  13

  
	
  7.8

  	
  Failure of Qualification

  	
  13

  
	
  7.9

  	
  Section 162(m) Deferrals

  	
  13

  
	
   

  	
   

  	
   

  
	
  ARTICLE 8 PLAN
  ADMINISTRATOR

  	
  14

  
	
   

  	
   

  	
   

  
	
  8.1

  	
  Plan Administration

  	
  14

  
	
  8.2

  	
  Books and Records

  	
  14

  
	
  8.3

  	
  Reliance on Tables, Etc.

  	
  14

  
	
  8.4

  	
  Expenses

  	
  14

  
	
  8.5

  	
  Appeals Committee

  	
  15

  
	
  8.6

  	
  Indemnification

  	
  15

  
	
   

  	
   

  	
   

  
	
  ARTICLE 9
  CLAIM REVIEW PROCEDURES

  	
  16

  
	
   

  	
   

  	
   

  
	
  9.1

  	
  Initial Claims

  	
  16

  
	
  9.2

  	
  Claim Denials

  	
  16

  
	
  9.3

  	
  Appeals

  	
  16

  
	
  9.4

  	
  Determination of Time Periods

  	
  16

  
	
  9.5

  	
  Voluntary Arbitration

  	
  17

  
	
   

  	
   

  	
   

  
	
  ARTICLE 10
  GENERAL PROVISIONS

  	
  18

  
	
   

  	
   

  	
   

  
	
  10.1

  	
  Prohibition Against Funding

  	
  18

  
	
  10.2

  	
  Limitation of Rights

  	
  18

  
	
  10.3

  	
  Inalienability of Benefits

  	
  18

  

 

ii

 

	
  10.4

  	
  Distributions Due Minor or
  Incompetent Persons

  	
  18

  
	
  10.5

  	
  Headings

  	
  18

  
	
  10.6

  	
  Governing Law

  	
  18

  
	
   

  	
   

  	
   

  
	
  ARTICLE 11
  AMENDMENT AND TERMINATION

  	
  19

  
	
   

  	
   

  	
   

  
	
  11.1

  	
  Amendment of Plan

  	
  19

  
	
  11.2

  	
  Termination of Plan

  	
  19

  

 

iii

 

ARTICLE 1

INTRODUCTION

 

1.1                                 Purpose of Plan.  Intrado Inc., a Delaware Corporation, hereby
amends, restates in its entirety, and re-names the Intrado Inc. Nonqualified Deferred
Compensation Plan (formerly the SCC Communications Corp. Deferred Compensation
Plan) (the “Plan”), effective as of January 1, 2005, unless otherwise
provided herein, to permit Eligible Employees and Directors to defer receipt of
certain compensation pursuant to the terms and provisions set forth below.

 

1.2                                 Status of Plan.  This Plan is intended to be an unfunded,
nonqualified deferred compensation arrangement for the purpose of providing
deferred compensation to “a select group of management or highly-compensated
employees” within the meaning of Sections 201(2), 301(a)(3), and 401(a)(1) of
the Employee Retirement Income Security Act of 1974, as amended. This
restatement is intended to comply with Code section 409A and the
regulations and guidance promulgated thereunder, and is not intended to
constitute a material modification to the substantive terms of the Plan as in
effect heretofore. Notwithstanding any other provision herein, this Plan shall
be interpreted, operated and administered in a manner consistent with these
intentions.

 

1.3                                 Code Section 409A
Transition Rules.
 The Committee, in its sole and absolute
discretion, may offer to any Participant the option to (i) terminate
participation in the Plan and to receive in 2005 a complete payout of his or
her vested Account, if any, (ii) permit in 2005 new elections as to time
and form of payment for deferrals of compensation that would not otherwise be payable
under the Plan in 2005, provided the elections are consistent with the requirements
of Code section 409A, or (iii) permit in 2006 new elections as to
time and form of payment for deferrals of compensation that would not otherwise
be payable under the Plan in 2006, provided the elections are consistent with
the requirements of Code section 409A. 
Any elections made under this Section shall be administered by the
Committee in accordance with Internal Revenue Service Notice 2005-1, proposed
Treasury Regulations §1.409A-1 et seq.
and any successor legislation or guidance that amends, supplements or replaces
such guidance.

 

*  * 
*  *  END OF ARTICLE 1  * 
*  *  *

 

1

 

ARTICLE 2

DEFINITIONS

 

Wherever used
herein, the following terms have the meanings set forth below, unless a
different meaning is clearly required by the context:

 

2.1                                 Account means, for each Participant, the
account established for his or her benefit under Section 5.1.

 

2.2                                 Administrator means the Employer or such
other person or committee as may be appointed from time to time by the Employer
to supervise the administration of the Plan.

 

2.3                                 Change in Control means a change in the ownership
or effective control of the Employer, or in the ownership of a substantial
portion of the assets of the Employer, as defined in section 409A of the
Code and the regulations thereunder, and any successor legislation or guidance
that amends, supplements, or replaces such section or subsection.

 

2.4                                 Code means the Internal Revenue Code of
1986, as amended from time to time. 
Reference to any section or subsection of the Code includes
reference to any comparable or succeeding provisions of any legislation that
amends, supplements or replaces such section or subsection.

 

2.5                                 Committee means the Compensation Committee
of the Board of Directors of Intrado, Inc.

 

2.6                                 Compensation means the Participant’s wages,
salaries, fees for professional services rendered and other amounts received (whether
such amounts are paid in cash, equity or property) for personal services
actually rendered in the course of employment with the Employer or affiliate to
the extent that the amounts are includable in gross income, including but not
limited to commissions paid to salespersons, compensation for services on the
basis of a percentage of profits, commissions on insurance premiums, tips,
bonuses, fringe benefits, reimbursements, and expense allowances, but not
including those items excludable from the definition of compensation under
Treasury Regulations Section 1.415-2(d)(3).

 

2.7                                 Director means an individual who serves as
a member of the Board of Directors of Intrado, Inc.

 

2.8                                 Disability means any medically determinable
physical or mental impairment that renders a Participant unable to engage in
any substantial gainful activity and which can be expected to last for a
continuous period of not less than 12 months and/or to result in death, as
defined in Code section 409A and determined under any long term disability
plan sponsored by the Employer.

 

2.9                                 Discretionary Incentive Contribution means
a discretionary additional contribution made by the Employer as described in Section 4.3.

 

2.10                           Effective Date means June 1, 2001, the
date on which the Plan first became effective.

 

2

 

2.11                           Election Form means the participation
election form as approved and prescribed by the Administrator.

 

2.12                           Elective Deferral means the portion of
Compensation that is deferred by a Participant under Section 4.1, if any.

 

2.13                           Eligible Employee means, on the effective
date or on any entry date thereafter, each employee selected by the Committee
to participate in the Plan.

 

2.14                           Employer means Intrado Inc., any successor
to all or a major portion of the Employer’s assets or business that assumes the
obligations of the Employer, and any other corporation or unincorporated trade
or business that has adopted the Plan with the approval of the Employer, and is
a member of the same controlled group of corporations or the same group of
trades or businesses under common control (within the meaning of Code sections
414(b) and 414(c)) as the Employer, or an affiliated service group (as
defined in Code section 414(m)) which includes the Employer, or any other
entity required to be aggregated with the Employer pursuant to regulations
under Code sections 414(o) and 409A or any other affiliated entity that is
designated by the Employer as eligible to adopt the Plan.

 

2.15                           ERISA means the Employee Retirement Income
Security Act of 1974, as amended from time to time.  Reference to any section or subsection of
ERISA includes reference to any comparable or succeeding provisions of any
legislation that amends, supplements or replaces such section or
subsection.

 

2.16                           Key Employee means an employee of the
Employer treated as a “specified employee” under Code section 409A(a)(2)(B)(i),
i.e., a key employee (as defined
in Code section 416(i) without regard to paragraph 5 thereof) of a corporation
for so long as any of its stock is publicly traded on an established securities
market or otherwise.

 

2.17                           Normal Retirement Age means age 55.

 

2.18                           Participant means any individual who
participates in the Plan in accordance with Article 3.

 

2.19                           Plan means the Intrado Inc. Nonqualified
Deferred Compensation Plan as set forth herein and its predecessor plan known as
the SCC Communications Corporate Deferred Compensation Plan, together with any
and all amendments and supplements thereto.

 

2.20                           Plan Year means the period beginning on the
Effective Date and ending on December 31, 2001, and each calendar year
thereafter.

 

2.21                           Separation from Service means a termination
of employment for any reason other than military leave, sick leave or other
bona fide leave of absence, as provided in Code section 409A and the
regulations promulgated thereunder and any legislation or guidance that amends,
supplements, or replaces such section or subsection.

 

2.22                           Trust shall have the meaning set forth in Section 6.1.

 

3

 

2.23                           Trustee shall have the meaning set forth in
Section 6.1.

 

2.24                           Unforeseeable Emergency means a severe
financial hardship to the Participant resulting from an illness or accident of
the Participant, the Participant’s spouse or dependent, loss of the Participant’s
property due to casualty, or other similar extraordinary and unforeseeable
circumstances that is caused by an event beyond the control of the Participant,
and that would result in severe financial hardship to the Participant if early
distribution were not permitted.

 

*  * 
*  *  END OF ARTICLE 2  * 
*  *  *

 

4

 

ARTICLE 3

PARTICIPATION

 

3.1                                 Commencement of
Participation.  Any Eligible Employee and Director who elects
to defer part of his or her Compensation in accordance with Section 4.1
shall become a Participant in the Plan as of the date such deferrals
commence.  Any individual who is not
already a Participant and whose Account is credited with a Discretionary Incentive
Contribution shall become a Participant as of the date such amount is credited.

 

3.2                                 Continued
Participation.  A Participant in the Plan shall continue to
be a Participant so long as any amount remains credited to his or her Account.

 

*  * 
*  *  END OF ARTICLE 3  * 
*  *  *

 

5

 

ARTICLE 4

ELECTIVE DEFERRALS AND DISCRETIONARY CONTRIBUTIONS

 

4.1                                 Elective
Deferrals.  An individual who was a Participant on or
before December 31, 2004 may have elected, on or before March 15,
2005, to defer an amount of Compensation he or she would otherwise be entitled
to receive for services performed on or before December 31, 2005 under the
relevant provisions of the Plan as were then in effect.  Any elections made under this Section 4.1
are irrevocable except as otherwise provided under Section 1.3.

 

Any individual
who participates in the Plan on or after January 1, 2005 may elect to
defer an amount of Compensation he or she would otherwise be entitled to
receive for a Plan Year in accordance with the rules set forth in Section 4.4
below. Elections made under Section 4.4 may be changed at any time prior
to the last permissible date for making such election, as permitted by Code section 409A
and described in Section 4.4 below, at which time the election shall
become irrevocable.  All deferral
elections must be made in writing on a form prescribed by the Administrator and
will be effective only when filed with the Administrator.

 

4.2                                 Deferral of Noncompete Payments.  If required by the terms of any noncompete agreement
between the Company and an employee of the Company, any amounts due by the
Company to employee under such agreement are required to be deferred under this
Plan, then such employee shall be deemed an Eligible Employee, and amounts due
to the employee under such noncompete agreement shall be credited to an Account
established for the benefit of such employee (or to a separate sub-account of
the employee’s Account if the employee is otherwise a Participant) as required
under the noncompete agreement. 
Distributions from such Account shall be made in accordance with such
noncompete agreement, provided that, if the employee is a Key Employee, no
portion of the Account shall be distributed to the employee prior to the first
day of the seventh (7th) month following the employee’s Separation
from Service or, if earlier, the first day consistent with the requirements of
Code section 409A(a)(2)(B)(i).

 

4.3                                 Discretionary
Incentive Contributions.  In addition to other contributions provided
for under the Plan, the Employer may, in its sole and absolute discretion,
elect to make a Discretionary Incentive Contribution to the Account of any,
some or all of the Participants.  Nothing
in this Plan, however, shall obligate the Employer to make Discretionary
Incentive Contributions for the benefit of Plan Participants in any Plan Year.  The Employer expressly retains the right to
make Discretionary Incentive Contributions to such Participants in such amounts
or such proportions as it deems warranted or appropriate.  Nothing in this Plan or any other agreement
or document shall represent or be construed to represent an obligation or
promise of the Employer to make Discretionary Incentive Contributions on behalf
of a Participant at any time.  In the
event a Discretionary Incentive Contribution is made on behalf of a
Participant, the Discretionary Incentive Contribution shall be distributed in
accordance with the Participant’s distribution elections in effect for Elective
Deferrals of Compensation for services performed in the year in which the
Employer makes the Discretionary Incentive Contribution, or, if no Elective
Deferrals are in effect, upon the Participant’s Separation from Service,
subject to Section 7.3 if applicable, in the form of a single lump sum.

 

6

 

4.4                                 Deferral
Elections.

 

(a)                                  Initial Election:  Except provided in paragraphs (b) and (c) of
this Section 4.4, a Participant may elect to defer an amount of Compensation
for services performed during a Plan Year no later than the last day of the
Plan Year preceding the Plan Year in which the amount being deferred would
otherwise be made available to the Participant.

 

(b)                                 Initial Year of Eligibility:  Notwithstanding the provisions of Section 4.4(a),
in the case of a Participant’s initial year of eligibility under this Plan, the
Participant may make a deferral election with respect to Compensation for
services to be performed subsequent to such deferral election, provided such
election is made no later than 30 days after the date the Participant first
becomes eligible to participate in this Plan.

 

(c)                                  Performance-Based Compensation:  Notwithstanding the provisions of Section 4.4(a),
in the case of “performance-based compensation”, as defined under Code section 409A
and determined by the Administrator, which is based on services performed over
a period of at least 12 months, a Participant may make an initial election to
defer an amount of such compensation
no later than 6 months before the end of the period to which such
performance-based compensation applies. 
Any redeferral of such amounts shall be made as provided in Section 4.4(f).

 

(d)                                 Term of Initial Election.  A deferral election shall be effective for
the entire Plan Year to which it relates and may not be modified or terminated
for that Plan Year, except that a Participant may cancel, and not postpone or
otherwise delay, his or her deferral election during a Plan Year in the event
of an Unforeseeable Emergency.

 

(e)                                  Subsequent Elections. With respect to Plan Years
following a Participant’s initial year of participation in the Plan, failure to
complete a subsequent election by the deadline provided in paragraphs (a) or
(c) of this Section 4.4, as applicable, shall constitute a waiver of
the Participant’s right to elect a different amount of Compensation to be
deferred for each such Plan Year and shall be considered an affirmation and
ratification to continue the Participant’s existing deferral election. However,
a Participant may, prior to the beginning of any Plan Year, elect to increase
or decrease the amount of Compensation to be deferred for the next following
Plan Year by filing another deferral election form with the Administrator in
accordance with paragraphs (a) or (c) of this Section 4.4, as
applicable.

 

(f)                                    Redeferral Elections.  A Participant may elect to redefer a
previously deferred amount and postpone distribution of such amount if (i) the
redeferral election is made no less than 12 months before the distribution is
scheduled to be made; (ii) the redeferral election takes effect no earlier
than 12 months after the date on which such election is made; and (iii) the
amount is redeferred for a period of no less than 5 additional years from the
date the amount would be made available to

 

7

 

the Participant if not for the subsequent
redeferral.  During the redeferral
period, redeferred amounts may be distributed on account of death, Disability
or Unforeseeable Emergency, but not on account of Change in Control or
Separation from Service.

 

*  * 
*  *  END OF ARTICLE 4  * 
*  *  *

 

8

 

ARTICLE 5

ACCOUNTS

 

5.1                                 Accounts.  The Administrator shall establish an Account
and sub-accounts for each Participant as are necessary for the proper
administration of the Plan.  Such
Accounts shall reflect Elective Deferrals and Discretionary Incentive
Contributions made for the Participant’s benefit together with any adjustments
for income, gain or loss and any payments from the Account as provided herein.  Amounts deferred by a Participant under Article 4
shall be credited to the Participant’s Account as soon as administratively
practicable after the amounts would have otherwise been paid to the
Participant.  As of the last business day
of each calendar quarter, the Administrator shall provide the Participant with
a statement of his or her Account reflecting the income, gains and losses
(realized and unrealized), amounts of deferrals, and distributions from such
Account since the prior statement.

 

5.2                                 Status of
Accounts.  Accounts and sub-accounts established
hereunder shall be record-keeping devices utilized for the sole purpose of
determining benefits payable under the Plan, and will not constitute a separate
fund of assets but shall continue for all purposes to be part of the general,
unrestricted assets of the Employer, subject to the claims of its general
creditors.

 

5.3                                 Deemed Investment
of Amounts Deferred.

 

(a)                                  For purposes of determining the
amounts to be credited or debited to a Participant’s Account, a Participant may,
at the time of his or her Deferral Election, select from among the investment
options approved by the Employer those investments in which all or part of his
or her Account (and sub-accounts, if any) shall be deemed invested.  Such investment designation shall be made in
the manner specified by the Administrator.

 

(b)                                 The Participant’s investment
designation shall remain effective until he or she amends such investment designation
at such times (not less frequently than monthly) and in such manner as
prescribed by the Administrator.  Changes
to a Participant’s investment designation shall become effective as soon as administratively
practicable.  In no event shall any Participant
be entitled to provide investment directions for any investments other than
deemed investments.

 

(c)                                  A Participant may designate that
any stock of the Employer credited to the Participant’s Account be treated as
sold and the proceeds of such sale deemed invested in any other specified
deemed investment options that are available, in which event the Administrator
shall comply with such request as soon as administratively practicable.

 

(d)                                 A Participant may appoint an
investment advisor to act on his or her behalf, or remove an investment
advisor, provided the Participant notifies the Employer of such appointment or
removal in writing.

 

(e)                                  As soon as administratively
practicable after the adoption of this Plan, as amended and restated herein,
deemed investment options shall be available in a

 

9

 

reasonably wide range of mutual funds and
publicly traded stocks and bonds for the purpose of crediting earnings and
losses under Sections 5.1, 5.3 and 5.4. 
In no event shall any portion of a Participant’s account be deemed to be
invested in any stock of the Employer or a successor company unless so elected
by the Participant in accordance with this Section 5.3.  Following a Change in Control, neither the
Committee nor the Administrator may eliminate one or more deemed investment
options existing immediately prior to such Change in Control without
substituting therefor reasonably similar new deemed investment options.

 

5.4                                 Earnings and
Losses.  The investment designation of deferred amounts
under Section 5.3 is solely for the purpose of computing gains and losses
pertaining to Compensation amounts deferred hereunder. Each Participant’s
Account shall be periodically adjusted with gains and losses based on the
results that would have been achieved had deferred amounts actually been
invested as directed by the Participant. Nothing in this Section or
otherwise, however, will require the Employer to actually maintain investments
corresponding to the Participants’ investment elections.  In the event the Employer makes actual
investments corresponding to Participants’ elections, no Participant or
beneficiary will have any rights or beneficial interest in such actual
investments other than their rights as unsecured creditors of the Employer.

 

5.5                                 Vesting.  A Participant shall at all times be 100%
vested in any amounts credited to his or her Account.

 

* 
*  *  *  End
of ARTICLE 5  *  * 
*  *

 

10

 

ARTICLE 6

RABBI TRUST

 

6.1                                 Establishment
of Rabbi Trust.  The Company established an irrevocable rabbi
trust for the benefit of Participants and their beneficiaries, as appropriate
(the “Trust).  The Trust is governed by a
trust agreement and has an independent trustee (such trustee has a fiduciary
duty to carry out the terms and conditions of the rabbi trust) selected by the
Employer (the “Trustee”), and has restrictions as to the Employer’s ability to
amend the Trust or to cancel benefits provided thereunder.

 

6.2                                 Funding the
Trust.  The Employer shall pay to the Trust amounts
deferred under Article 4 as soon as administratively practicable after the
amounts would have otherwise been paid to the Participant, less applicable
taxes required to be withheld, if any.

 

6.3                                 Claims of
Creditors.  The assets of the Trust shall remain subject
to the claims of the general creditors of the Employer in the event of an
insolvency of the Employer.

 

*  * 
*  *  END OF ARTICLE 6*  * 
*  *

 

11

 

ARTICLE 7

DISTRIBUTIONS

 

7.1                                 Permissible
Payments.  Participants may elect to receive amounts
deferred under this Plan upon any of the following events, each a “Distribution
Event,” except as otherwise provided in Section 4.4(f).  All payments shall be made or begin to be made
within 10 calendar days following the occurrence of the applicable Distribution
Event, except as otherwise provided in Sections 7.3 and 7.8.

 

(1)                                  the Participant’s Disability;

 

(2)                                  a time or schedule specified
at the time each amount is deferred;

 

(3)                                  a Change in Control;

 

(4)                                  the Participant’s Separation
from Service;

 

(5)                                  the Participant’s
Unforeseeable Emergency; or

 

(6)                                  Participant’s death.

 

7.2                                 Election as to
Time and Form of Payment.  At the time of each deferral election, the Participant
shall specify the date or Distribution Event upon which payment of the deferred
amount (and earnings thereon) is to commence, and the form of payment of the
deferred amount (and earnings thereon). 
For each deferred amount, a Participant may elect to receive payment in
the form of

 

(a)                                  a single lump-sum distribution; or

 

(b)                                 in annual installments over a
period elected by the Participant not to exceed 10 years.  Each
installment payment shall equal the balance of the Participant’s Account
immediately prior to the installment, divided by the number of installments
remaining to be paid; provided however,
that if a Participant dies after installment payments commence but before all
payment have been made, all remaining amounts will be paid to his or her
beneficiary in a single lump sum no later than 60 days after the death of the
Participant.  For purposes of a
redeferral election made under Section 4.4(f), an election to receive
payment of compensation in annual installment payments shall be treated as a
single payment made on the first of such installments.

 

7.3                                 Distributions
to Key Employees.  In the case of a distribution to a Key
Employee on account of his or her Separation from Service, the distribution may
not commence before the date that is six (6) months after the date of the
Key Employee’s Separation from Service.

 

7.4                                 Default
Elections.  If a Participant fails to specify the date on
which payment of the deferred amount (and earnings thereon) is to begin, the
Participant will be deemed to have elected distribution upon Separation from
Service, subject to Section 7.3 if applicable, in the form of a single
lump sum.

 

12

 

7.5                                 Beneficiary.  If a Participant dies prior to the complete
distribution of his or her Account, the balance of the Account shall be paid to
the Participant’s designated beneficiary in a single lump-sum payment within 60
days of the Participant’s death.  Each
Participant may from time to time designate one or more persons as his or her
beneficiary, and may change such designation from time to time, without the
consent of any prior beneficiary, by written notice to the Administrator which
shall be signed and dated.  In the
absence of an effective beneficiary designation as to part of all of a Participant’s
interest in the Plan, distribution shall be made to the Participant’s surviving
spouse, or, if none, to his or her issue per stirpes, in a single payment.  If no spouse or issue survives the
Participant, payment shall be made in a single lump sum to the Participant’s
estate.

 

7.6                                 Unforeseeable
Emergency.  If a Participant suffers an Unforeseeable Emergency,
the Administrator, in its sole discretion, may pay to the Participant only that
portion, if any, of his or her Account that is necessary to satisfy the
emergency need as determined by the Administrator, including any amounts
necessary to pay any federal, state or local income taxes reasonably
anticipated to result from the distribution. 
A Participant requesting a distribution under this Section 7.6 shall
apply for the payment in a manner approved by the Administrator and shall
provide such additional information as the Administrator may require.

 

7.7                                 Taxes.  All payments and other taxable events shall
be subject to applicable withholding of federal, state and local income,
employment and other taxes as determined by the Administrator.

 

7.8                                 Failure of
Qualification.  If for any reason the Plan fails to meet the
requirements of Code section 409A and the regulations and guidance
promulgated thereunder, the Administrator shall distribute to the Participant
the portion of the Participant’s Account that is required to be included in
income as a result of such failure.

 

7.9                                 Section 162(m)
Deferrals.  To the extent the Committee anticipates that
a payment (whether in cash or in kind) to a Participant’s Deferral Account does
not qualify as performance-based compensation pursuant to Section 162(m)
of the Code with respect to a Participant who is a “covered employee” for
purposes of such Section 162(m), that portion of the payment that would
otherwise cause the Participant’s compensation to exceed the limitation on the
amount of compensation deductible by the Company in any taxable year pursuant
to such Section 162(m), shall be deferred. 
Any payment that is deferred pursuant to this Section 7.9 shall be
paid to the Participant at the earliest date at which the Committee reasonably
anticipates that the deduction of the payment will not be limited or eliminated
by application of Section 162(m) of the Code.

 

*  *  *  *  END
OF ARTICLE 7  *  * 
*  *

 

13

 

ARTICLE 8

PLAN ADMINISTRATOR

 

8.1                                 Plan
Administration.  The administration of the Plan shall be under
the supervision of the Administrator. 
The Administrator shall have full power and discretion to administer the
Plan in all of its details, subject to the requirements of applicable law.  For this purpose, the Administrator’s
discretionary powers will include, but will not be limited to, the following
authority, in addition to all other powers provided by this Plan:

 

(a)                                  to make and enforce such rules as
it deems necessary or proper for the efficient administration of the Plan;

 

(b)                                 to interpret the Plan;

 

(c)                                  to decide all questions
concerning the Plan;

 

(d)                                 to compute the amounts of
benefits which will be payable to any Participant or Beneficiary in accordance
with the provisions of the Plan, and to determine the person or persons to whom
such benefits will be paid;

 

(e)                                  to authorize the payment of
benefits;

 

(f)                                    to appoint such agents, counsel,
accountants, consultants and other persons as may be required to assist in
administering the Plan; and

 

(g)                                 to delegate its responsibilities
under the Plan and to designate other persons to carry out any of its
responsibilities under the Plan, any such delegations or designation to be by
written instrument and in accordance with the requirements of applicable law.

 

Any determination by the
Administrator, or its authorized delegate, shall be final and conclusive on all
persons in the absence of clear and convincing evidence that the Administrator
or delegate acted arbitrarily and capriciously.

 

8.2                                 Books and
Records.  The Administrator shall maintain the books
and records for the purpose of the Plan and shall make available to each Participant
such of its records as pertain to the Participant for examination during normal
business hours.  The Administrator shall
have no obligation to disclose any records or information which the
Administrator, in its sole discretion, determines to be of a privileged or
confidential nature.

 

8.3                                 Reliance on
Tables, Etc.  In administering the Plan, the Administrator
will be entitled to rely conclusively on all tables, valuations, certificates,
opinions and reports which are furnished by any accountant, counsel or other
expert who is employed or engaged by the Administrator.

 

8.4                                 Expenses.  All expenses of administering the Plan,
whether incurred by the Employer of the Plan, shall be paid by the Employer.

 

14

 

8.5                                 Appeals
Committee.  The
Employer shall appoint an Appeals Committee to review any written appeal of a
denial of a claim for a benefit under the Plan and to provide a final
determination with regard to such claim. 
Any Appeals Committee member appointed by the Employer shall serve at
the pleasure of the Employer, but may resign by written notice to the Employer
at any time.  Members of the Appeals
Committee shall serve without compensation from the Plan for such services.

 

8.6                                 Indemnification.  The Employer
agrees to indemnify and defend to the fullest extent permitted by law any Employee
or officer serving as the Administrator or as a member of the Appeals Committee
against all liabilities, damages, costs and expenses (including attorney’s fees
and amounts paid in settlement of any claims approved by the Administrator or
Appeals Committee) occasioned by any action taken or omitted in connection with
the administration of this Plan, if such act or omission is in good faith.

 

*  * 
*  END OF ARTICLE 8  *  *  *  *

 

15

 

ARTICLE 9

CLAIM
REVIEW PROCEDURES

 

9.1                                 Initial Claims.  All claims and inquiries concerning benefits
under the Plan must be submitted to the Administrator in writing within one
year of the occurrence of the event that gives rise to the claim.  Any claim filed after one year of such event
shall be barred.

 

9.2                                 Claim Denials.  If any claim for benefits is denied in whole
or in part, the Administrator shall notify the claimant in writing within
ninety (90) days of receipt of the claim (45 days for a Disability claim). If
special circumstances require a longer period, the Administrator shall notify
the claimant prior to the expiration of the 90 day (or 45 day) period of the
reasons for an extension of time. Such extension shall not exceed an additional
90 days (30 days for a Disability claim). 
A notice of denial shall state in a manner reasonably calculated to be
understood by the claimant specific reasons for the denial, specific references
to the Plan provisions on which the denial is based, a description of any
additional information or material necessary for the claimant to perfect his or
her claim, an explanation of why such information or material is necessary, and
an explanation of the Plan’s review procedure, including the claimant’s right
to a review of the claim denial and his or her right to bring a civil action
under ERISA section 502(a) following an adverse decision on appeal.

 

9.3                                 Appeals.  A claimant or his or her authorized
representative may appeal a claim denial within sixty (60) days of receipt
thereof (180 days for a Disability claim) by submitting to the Appeals
Committee a written request for review.  The
request for review shall set forth all of the grounds upon which it is based,
all facts in support thereof, and any other comments or materials which the
claimant deems relevant to the appeal. The Appeals Committee shall give the
claimant an opportunity to review pertinent documents in preparing his or her
request for review.

 

The Appeals
Committee will review all comments, documents, records and other information
submitted by the claimant related to the claim, without regard to whether such
information was submitted or considered in the initial claim determination. The
Appeals Committee may also request additional facts, documents or other
materials as it deems necessary or appropriate in making its determination, and
may hold a hearing of the parties involved. 
The claimant shall be advised of the Appeals Committee decision within
sixty (60) days (45 days for a Disability claim) after the appeal is received,
except that if a hearing is held, the decision may be issued within one hundred
twenty (120) days after the appeal is received (90 days for a Disability claim).
The decision of the Appeals Committee shall be final and binding on all
parties.  If the claim is denied on
appeal, the decision shall clearly set forth specific reasons for the denial and
specific references to the Plan provisions upon which the decision is
based.  The claimant shall also be
informed of his or her right to receive, upon request and free of charge,
reasonable access to or copies of all documents, records and other information
relevant to the claim, and of his or her right to bring a civil action under
ERISA Section 502(a).

 

9.4                                 Determination
of Time Periods.  If the day on which any of the foregoing time
periods is to end is a Saturday, Sunday or holiday recognized by the Employer,
the period shall extend until the next business day.

 

16

 

9.5                                 Voluntary Arbitration.  A claimant whose appeal has been denied under
Section 9.3 shall have the right, but shall not be required, to submit
said benefit dispute to binding arbitration, conducted in the State of Colorado
before a panel of three (3) arbitrators, to be selected from the American
Arbitration Association (“AAA”) roster, in accordance with the rules of
the AAA applicable to commercial arbitrations. A claimant’s voluntary
participation in this process shall have no effect on the claimant’s rights to
any other benefit under the Plan.  In the
event of such arbitration, the following provisions will apply, in accordance
with 29 C.F.R. 2560.503-1(c):

 

(a)                                  The Plan shall not assert a
failure to exhaust administrative remedies where a claimant elects to bring a
civil action in court rather than through the voluntary arbitration process.

 

(b)                                 Any statute of limitations
applicable to the claimant’s civil action will be tolled during the period of
the voluntary arbitration.

 

(c)                                  All costs and expenses in connection
with such arbitration, including the arbitrators’ fees, shall be borne by the
Employer.

 

The
arbitrators’ decision in any dispute shall be final and binding on all parties.

 

*  * 
*  END OF ARTICLE 9*  * 
*  *

 

17

 

ARTICLE 10

GENERAL
PROVISIONS

 

10.1                           Prohibition
Against Funding.  It is the express intention of the parties
hereto that this arrangement be and remain unfunded for purposes of the Code
and ERISA.  Nothing contained herein
shall be deemed to create a trust of any kind or create any fiduciary
relationship.  Funds invested hereunder
shall continue for all purposes to be part of the general, unrestricted assets
of the Employer, subject to the claims of its general creditors, and no person
shall, by virtue of the provisions of this Plan, have any interest in such
funds.  To the extent any person acquires
a right to receive payment under this Plan, such right shall be no greater than
the right of any unsecured general creditor of the Employer.

 

10.2                           Limitation of
Rights.  Neither the establishment of this Plan nor
participation therein will be construed as conferring on any person any right
to continued employment with or service as a Director to the Employer, nor any
legal or equitable right against the Administrator or Employer except as
expressly provided herein.  In no event
will the terms of employment or service of any Participant be modified or in
any way affected hereby.  The Employer
may terminate the employment of any Participant as freely and with the same
effect as if the Plan were not in existence.

 

10.3                           Inalienability
of Benefits.  No Participant shall have the right to
assign, transfer, hypothecate, encumber or anticipate his or her interest in
any benefits under the Plan, nor shall the benefits under the Plan be subject
to be taken by his or her creditors by any process whatsoever, and any attempt
to cause such right to be so subjected will not be recognized, except to such
extent as may be required by law.

 

10.4                           Distributions
Due Minor or Incompetent Persons.  If any Participant
or beneficiary entitled to a distribution is a minor, or is determined by the
Administrator to be incompetent by reason of physical or mental disability
(whether or not legally adjudicated incompetent), the Administrator shall have
the power to cause the distributions due to such person to be made to another
for the benefit of the Participant or beneficiary.  Distributions made pursuant to such power
shall operate as a complete discharge of the Employer, the Administrator, and
their authorized delegates.

 

10.5                           Headings.  Headings of Articles and Sections are
inserted solely for convenience and reference and constitute no part of the
Plan.

 

10.6                           Governing Law.  To the extent not preempted by federal law,
this Plan shall be governed by, construed and administered in accordance with
the applicable laws of the State of Colorado.

 

*  * 
*  *  END OF ARTICLE 10  * 
*  *  *

 

18

 

ARTICLE 11

AMENDMENT
AND TERMINATION

 

11.1                           Amendment of
Plan.  The Employer reserves the right to amend the
provisions of this Plan at any time or times, to the extent that it may deem
advisable.  Any amendment to the Plan
shall be effected by a written instrument signed by the CEO of the Employer or
his or her authorized delegate. Unless
otherwise provided, any such amendment will be effective for all Participants
and their beneficiaries, whether or not employed by the Employer.  Notwithstanding the foregoing, following a
Change in Control, the Employer shall not amend the Plan without the unanimous
prior written consent of all Participants that would be adversely affected
thereby, except in order to implement the requirements of a change in law.

 

11.2                           Termination of
Plan.  The Employer may discontinue or terminate the
Plan under any circumstances permitted by Code Section 409A, provided that
the terms of the Plan shall remain in effect for Accounts existing on the date
of the termination.

 

*  * 
*  *  END OF ARTICLE 11  * 
*  *  *

 

19Exhibit 10.2

 

FORM OF AMENDED AND RESTATED NON-COMPETITION
AGREEMENT *

 

THIS
AMENDED AND RESTATED NON-COMPETITION AGREEMENT (this “Agreement”), is
effective as of December 31, 2005 (the “Effective Date”) by and
between Intrado Inc., a Delaware corporation (“Intrado”), and                * (“Executive”), collectively referred to hereinafter
as the “Parties.”

 

RECITALS

 

WHEREAS,
Intrado is in the business of providing emergency communications software,
services and systems, including 9-1-1 applications, data management and network
systems that enable the delivery of 9-1-1 calls in the United States of
America, along with notification services and other contemplated products and
services; and

 

WHEREAS,
Executive has served as [Title] since [Year] and has diligently served Intrado
over the course of his employment with Intrado and its predecessors; and

 

WHEREAS,
Executive possesses specialized knowledge of Intrado’s strategies, products,
services, customers, employee skills and other confidential and proprietary trade
secret information accumulated over time at great expense to Intrado, which
trade secret information is of value to it and crucial to its business
survival, and which provides Intrado with a demonstrable advantage over
competitors; and

 

WHEREAS,
the Parties wish to provide for the terms and conditions by which Executive
would receive compensation in exchange for his covenant to not compete with
Intrado in the event of a termination of Executive’s employment with Intrado
under certain circumstances; and

 

WHEREAS,
Intrado and Executive entered into the Non-Competition Agreement dated December 1,
2003 (the “Original Agreement”); and

 

WHEREAS,
Intrado and Executive wish to modify the Original Agreement by entering into
this Amendment to reflect the changes specifically set forth below.

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the promises, mutual covenant and agreements
contained herein, the receipt and sufficiency of which are hereby acknowledged,
Intrado and Executive agree as follows:

 

1.                                       Definitions.  The following terms shall have the meanings
set forth below:

 

“Cause” shall mean the (A) willful
misconduct or gross or persistent negligence in the discharge of Executive’s
duties which is materially injurious to the financial condition of Intrado; (B) commission
of an act of dishonesty that is reasonably expected to be materially injurious
to the financial condition of Intrado; (C) willful or knowing violation by
Executive (or by the Company as a direct and foreseeable result of Executive’s
actions) of any statutes, rules or regulations of any governmental or
regulatory body, which is or is reasonably expected to be materially injurious
to the financial condition of Intrado; or (D) conviction of, or plea of
guilty or nolo contendere to, a felony.

 

“Change in Control” means one or more of the
following events, under the following guidelines:

 

(a)                                  Change
in Ownership.  Any one person, or
more than one person acting as a group (as defined below), acquires ownership
of stock of Intrado that, together with stock held by such person or group,
constitutes more than 50% of the total fair market value or total voting power
of the stock of Intrado.  However, if any
one person or more than one person acting as a group is considered to own more
than 50% of the total fair market value or total voting power of the stock of
Intrado, the acquisition of additional stock by the same person or persons
shall not be considered to cause a change in the ownership of Intrado (or to
cause a change in the effective

 

 

control of Intrado as defined below).  An increase in the percentage of stock owned
by any one person, or persons acting as a group, as a result of a transaction
in which Intrado acquires its stock in exchange for property will be treated as
an acquisition of stock for this purpose.

 

(b)                                 Change
in Effective Control.  Either (a) any
one person, or more than one person acting as a group (as determined under subsection (e) below),
acquires (or has acquired during the 12-month period ending on the date of the
most recent acquisition by such person or persons) ownership of stock of
Intrado possessing 35% or more of the total voting power of the stock of
Intrado, or (b) a majority of members of Intrado’s board of directors
resigns or is otherwise replaced during any 36-month period by directors whose
appointment or election is not endorsed by a majority of the members of Intrado’s
board of directors prior to the date of the appointment or election.

 

(c)                                  Change
in Ownership of a Substantial Portion of Assets.  Any one person, or more than one person
acting as a group (as determined in subsection (d) below), acquires
(or has acquired during the 12-month period ending on the date of the most
recent acquisition by such person or persons) assets from Intrado that have a
total gross fair market value equal to or more than 60% of the total gross fair
market value of all of the assets of Intrado immediately prior to such
acquisition or acquisitions.  For this
purpose, gross fair market value means the value of the assets of Intrado, or
the value of the assets being disposed of, determined without regard to any
liabilities associated with such assets. 
However, there is no Change in Control under this subsection (c) when
there is a transfer to an entity that is controlled by the shareholders of the
transferring corporation, as provided in Internal Revenue Service Notice 2005-1,
A-14(b).

 

(d)                                 Persons
Acting as a Group.  For the purposes
of this definition of “Change in Control,” persons will not be considered to be
acting as a group solely because they purchase or own stock, or purchase
assets, of Intrado at the same time, or as a result of the same public
offering.  However, persons will be
considered to be acting as a group if they are the owners of a corporation that
enters into a merger, consolidation, purchase or acquisition of stock or
assets, or similar business transaction with Intrado.  If a person, including an entity, owns stock
in such a corporation and in Intrado at a time that both of the companies enter
into a merger, consolidation, purchase or acquisition of stock or assets, or
similar transaction, such shareholder is considered to be acting as a group
with other shareholders in a corporation only with respect to, and to the
extent of, the ownership in that corporation prior to the transaction giving
rise to the change and not with respect to the ownership interest in the other
corporation.

 

(e)                                  Attribution.  For purposes of this definition of “Change in
Control,” the attribution rules of Section 318 of the Code shall
apply to determine stock ownership. 
Stock underlying a vested option is considered owned by the individual
who holds the vested option (and the stock underlying an unvested option shall
not be considered owned by the individual who holds the unvested option).  For purposes of the preceding sentence,
however, if a vested option is exercisable for stock that is not substantially
vested (as defined by Income Tax Regulations Sections 1.83-3(b) and (j)),
the stock underlying the option is not treated as owned by the individual who
holds the option.

 

“Code” means the Internal Revenue Code of 1986,
as amended.

 

2.                                       Following
a Change in Control.  Following the
first Change in Control of Intrado after the date of this Agreement (the “First
Change of Control”), the following provisions will apply:

 

(a)                                  Upon
termination of Executive’s employment by Intrado or its successor for Cause,
Executive will be obligated to not compete with Intrado as set forth in
paragraph 5 below; provided, however, that Executive will not be entitled to
the compensation delineated in paragraph 4 below.

 

Confidential

 

2

 

(b)                                 Except
for a termination of Executive’s employment for Cause, any termination of
Executive’s employment with Intrado or its successor, for any reason or for no
reason, within one year (365 consecutive days) following the date of the First
Change in Control will entitle Executive to the compensation delineated in
paragraph 4 below, and will also obligate Executive to not compete with Intrado
as set forth in paragraph 5, below. 
Executive may invoke his right to receive the compensation delineated in
paragraph 4 below by voluntarily resigning his employment with Intrado. Such a
resignation: (i) must be invoked within one year (365 consecutive days)
following the date of the First Change in Control, (ii) must be evidenced
in writing and must be delivered to Intrado’s Board of Directors not less than
fourteen (14) days prior to the effective date of the resignation, and (iii) obligates
Executive to not compete with Intrado, as set forth in paragraph 5 below, as of
the effective date of such resignation.

 

(c)                                  Upon
a termination of Executive’s employment for any reason after one year (365
consecutive days) following the date of the First Change in Change, other than
a termination for Cause, the Company, in its sole discretion, may provide
Executive with the compensation delineated in paragraph 4 below and in such an
event, Executive will be obligated to not compete with Intrado as set forth in
paragraph 5 below.

 

3.                                       Prior
to a Change in Control.  Prior to any
Change in Control of Intrado, the following provisions will apply:

 

(a)                                  Upon
termination of Executive’s employment by Intrado or its successor for Cause,
Executive will be obligated to not compete with Intrado as set forth in
paragraph 5 below; provided, however, that Executive will not be entitled to
the compensation delineated in paragraph 4 below.

 

(b)                                 Upon
termination of Executive’s employment by Executive or by Intrado or its successor
for any reason other than for Cause, the Board of Directors of Intrado (the “Board”),
in its sole discretion, may provide Executive with the compensation delineated
in paragraph 4 below and in such an event, Executive will be obligated to not
compete with Intrado as set forth in paragraph 5 below.  The Board has twenty (20) days following
termination of employment, or, if earlier, twenty (20) days after the Executive
has given notice to the Company of Executive’s intent to resign, but in no
event earlier than the date of the termination of Executive’s employment, to
invoke its right to obligate Executive not to compete with Intrado, and shall
do so by providing written notice to Executive that the Company is so invoking
its right.  In the event the Board does
not timely provide such notice, the Executive shall not be bound by the
provisions of paragraph 5, below, and the Company shall not provide to
Executive the compensation set forth in paragraph 4, below.

 

4.                                       Compensation.

 

(a)                                  Upon
a termination referenced in subsection 2(b) or 2(c) or a
determination by the Board to provide Executive with compensation after a
termination referenced in subsection 3(b) (each, a “Trigger”),
Intrado or its successor will pay a one-time lump sum payment in an amount
equal to the highest annual total compensation (salary plus bonus, but not
equity-based compensation) earned by Executive during the three (3) calendar
years preceding the date of the Trigger, multiplied by _____ (__).**  Although, under
the terms of this Agreement, Executive does not have an express or implied
right to elect payment of such compensation in the form of Intrado common
stock, nothing herein shall be deemed to prevent the Parties from discussing
and subsequently agreeing to allow Executive to be paid in Intrado common stock
so long as such an agreement is by mutual written agreement.

 

(b)                                 Deferral
Accounts.

 

(i)                                     The
payment required by Section 4(a) will not be paid currently to
Executive.  Instead, the amount of such
payment will be paid in a single lump sum into a trust established under the
Intrado Inc. Nonqualified Deferred Compensation Plan (the “DCP”), and
the amount of such payment shall be credited to a separate account or sub-account
established and maintained for Executive under the DCP (the “Deferral
Account”).  The Deferral Account,
including deemed earnings thereon, shall be accounted separately from any other
account or sub-account maintained for Executive under the DCP.  Except as otherwise provided in this Section 4(b),
the Deferral Account shall become payable during the Non-Compete Period defined
in subsection 5(a), below, as follows: 
The first distribution date shall occur on the first day that occurs
more than six (6) months from the

 

3

 

termination date.   A
distribution date shall also occur on each monthly anniversary of the first
distribution date until the Deferral Account is fully distributed.  The amount of the Deferral Account payable to
Executive on the first distribution date shall be equal to the product of (a) entire
balance of the Deferral Account (including deemed earnings therein) and (b) six
(6) divided by the total number of months in the Non-Compete Period.  The amount of the Deferral Account that
becomes payable to Executive on each subsequent distribution date shall be
equal to the product of (x) the entire remaining balance of the Deferral
Account (including deemed earnings therein) and (y) one (1) divided by the
number of calendar months in the Non-Compete Period remaining after the
preceding distribution date. Any portion of the Deferral Account that becomes
payable under this Section 4(b) shall be paid as soon as
administratively practicable after the date that it becomes payable but no
later than five (5) business days after that date.

 

(ii)                                  If
Executive breaches certain provisions of this Agreement, the entire remaining
balance of the Executive’s Deferral Account shall be forfeited and Executive
shall be required to return certain payments from the Deferral Account, under
the circumstances described in subsection 5(d), below.  Upon Executive’s death, any remaining balance
in the Executive’s Deferral Account shall be payable to the Executive’s estate
or personal representative.  Upon a
Change in Control that qualifies as a change in ownership or effective control
of Intrado or in the ownership of a substantial portion of its assets within
the meaning of Code Section 409A(a)(2)(iv) and administrative
guidance thereunder and that follows any Trigger, the entire remaining balance
of the Executive’s Deferral Account shall become payable to Executive.

 

(c)                                  In
addition to the compensation referenced in subsection 4(a) above,
upon a Trigger, Executive shall be entitled to receive life insurance coverage
for a period of twelve (12) months from the Trigger, and to participate for the
same period in Intrado’s or its successor’s group health insurance policy in
accordance with COBRA, with the Executive being required to sustain no greater
out-of-pocket expense for such coverage than would be paid by Intrado’s active
full-time employees for similar coverage immediately prior to the Trigger.  At the end of the period in which Executive
is entitled to participate in Intrado’s or its successor’ group health
insurance policy in accordance with COBRA, the Company shall, for the
remainder, if any, of the Non-Competition Period, procure third-party health
insurance coverage for Executive at levels comparable to the health benefits
available to Intrado’s or its successor’s active full-time employees, with
Executive being required to sustain no greater out-of-pocket expense for such
coverage than would be paid by Intrado’s active full-time employees for similar
coverage immediately prior to the Trigger.

 

(d)                                 Cut
Back in Provisions.

 

(i)                                     If
it is determined that any payment or benefit provided by the Company to or for
the benefit of the Executive, whether paid or payable or distributed or
distributable pursuant to the terms of this Agreement or otherwise, including,
by example and not by way of limitation, acceleration by the Company or
otherwise of the date of vesting or payment under any plan, program,
arrangement or agreement of the Company, but excluding the payment required
under (ii), below, would be subject to the excise tax imposed by Code section 4999
or any interest or penalties with respect to such excise tax (such excise tax
together with any such interest and penalties, shall be referred to as the “Excise
Tax”), then the Company shall first make a calculation under which such
payments or benefits provided to the Executive are reduced to the extent
necessary so that no portion thereof shall be subject to the Excise Tax (the “4999
Limit”).  The Company shall then
compare (a) the Executive’s Net After-Tax Benefit (as defined below)
assuming application of the 4999 Limit with (b) the Executive’s Net
After-Tax Benefit without application of the 4999 Limit.  The Executive shall be entitled to the
greater of (a) or (b).  “Net
After-Tax Benefit” shall mean the sum of (i) all payments that Executive
receives or is entitled to receive from the Company that are contingent on a
change in the ownership or effective control of Intrado or in the ownership of
a substantial portion of the assets of Intrado within the meaning of Code section 280G(b)(2),
less (ii) the amount of federal, state, local, employment, and Excise Tax
(if any) imposed with respect to such payments. 
If the Executive is required to reduce payments to which he is otherwise
entitled such that no portion thereof is subject to the Excise Tax, the
Executive shall choose which payments shall be reduced and the amount of the
reduction of each payment.

 

(ii)  Executive and the Company believe that the
payments required herein constitute reasonable compensation that is not subject
to the application of section 280G or section 4999 of the Code, and
agree to report consistently with this position on their federal income tax
returns (the “Agreed Position”).  Intrado
shall indemnify Executive for any penalty and interest incurred by Executive as
a result of taking the Agreed

 

4

 

Position, together with reasonable attorneys fees and other reasonable
professional fees incurred in contesting a disallowance by the Internal Revenue
Service of the Agreed Position. The amount for which Executive is indemnified
under the preceding sentence (the “Indemnified Amount”) shall be
computed on an after-tax basis, taking into account any income or other
taxes.  Executive shall keep Intrado
informed of all developments in any audit with respect to the Agreed
Position.  The rights to indemnification
conferred under this Section 4(d)(ii) shall include the right to be
paid by the Company, when and as incurred, on an after-tax basis, the
reasonable expenses incurred by Executive of the type entitled to be
indemnified under this Section 4(d)(ii).  
Intrado shall be entitled, at its sole expense, to control the contest
of any disallowance or proposed disallowance of the Agreed Position (a “Contest”),
and Executive agrees to cooperate in connection with a Contest, including,
without limitation, executing powers of attorney and other documents at the
reasonable request of Intrado; provided, however, that Intrado may not propose
or agree to a settlement of a Contest on behalf of Executive, or forego on
behalf of Executive an appeal of an adverse determination received in the
course of a Contest. without the prior written approval of Executive, which
approval may not be unreasonably withheld, conditioned or delayed; provided,
further, that Executive’s decision not to approve a settlement shall be deemed
to be unreasonable if a majority of similarly situated former executives of
Intrado who have substantially similar settlement opportunities with respect to
the Agreed Position approve of substantially similar settlements in their own
cases.  If the disallowance of the Agreed
Position is litigated in a forum that requires prepayment of the tax in
dispute, Intrado shall advance to Executive the full amount of tax (and
interest and penalties, if any) required to be paid as a condition of
commencing the litigation; provided, however, that upon the final resolution of
the Agreed Position, Executive shall refund to Intrado the amount of tax
advanced by Intrado to Executive under the preceding sentence together with
interest thereon at the applicable federal rate under Code Section 7872(f)(2),
except that such interest shall not be payable with respect to advances of any
taxes for which Executive is liable under such final determination.  Except as otherwise provided in this Section 4(d)(ii),
the Indemnified Amount shall be payable when and as amounts of interest or
penalties for which Executive is indemnified are payable to the U.S. Treasury
Department as a. result of the disallowance of the Agreed Position.  Following payment by Intrado of the
Indemnified Amount, if the Agreed Position is sustained by the Internal Revenue
Service or the courts, Intrado shall be entitled to any resulting receipt of
interest or refund of interest and penalties that were properly attributable to
the Indemnified Amount.  If the Agreed
Position is sustained in whole or in part in a final resolution of a Contest
(after any appeals have been exhausted), and if the amount of the Indemnified
Amount paid or advanced to Executive therefore exceeds the amount of penalties
and interest payable by Executive as a result of the Agreed Position
(determined on an after-tax basis after taking into account payments made
pursuant to the preceding sentence and this sentence), any such excess portion
of the Indemnified Amount shall be treated as a loan by Intrado to Executive,
which loan Executive must repay to Intrado together with interest at the
applicable federal rate under Code Section 7872(f)(2).

 

5.                                       Non-Compete.

 

(a)                                  Executive
acknowledges that, in the course of Executive’s employment with Intrado and/or
its affiliates and their predecessors, Executive has become familiar, or will
become familiar, with Intrado’s and its affiliates’ and their predecessors’
trade secrets and with other confidential information concerning Intrado, its
affiliates and their respective predecessors and that Executive’s services have
been and will be of special, unique and extraordinary value to Intrado and its
affiliates.  Therefore, Executive agrees
that for        (    )** years following a Trigger (the “Non-Compete Period”),
Executive shall not (except on behalf of Intrado or with Intrado’s prior
written consent), directly or indirectly, (i) engage in Intrado’s business
in the United States of America or any foreign country where, as of the date of
termination, Intrado has existing and paying customers or has invested a
substantial amount of effort or money with the intent of obtaining paying
customers and there is a reasonable probability at such time that Intrado will
obtain such customers during the Non-Compete Period (the “Territory”), (ii) interfere
with the business of Intrado, or (iii) own, manage, control, participate
in, consult with, render services for or in any manner engage in or represent
any business within the Territory that is competitive with Intrado’s business
or any product of Intrado’s business as such business is conducted or proposed
to be conducted from and after the date of this Agreement.  Nothing herein shall prohibit Executive from
being a passive owner of not more than five percent (5%) of the outstanding
stock of any class of a corporation which is publicly traded, so long as
Executive has no active participation in the business of such corporation.

 

(b)                                 During
the Non-Compete Period, Executive shall not in the Territory directly or
indirectly through another person or entity (i) induce or attempt to
induce any employee of Intrado or any affiliate of Intrado to leave the employ
of Intrado or such affiliate, or in any way interfere with the relationship
between Intrado

 

5

 

or such affiliate, on the one hand, and any employee or consultant
thereof, on the other hand, (ii) hire or engage as a consultant or
otherwise any person who is or was an employee or consultant of Intrado or any
affiliate of Intrado until twelve (12) months after such individual’s
employment or consulting relationship with Intrado or such affiliate has been
terminated or (iii) induce or attempt to induce any customer, supplier,
subcontractor, licensee or other business relation of Intrado or any affiliate
of Intrado to cease doing business with Intrado or such affiliate, or in any
way interfere with the relationship between any such customer, supplier,
licensee or business relation, on the one hand, and Intrado or any affiliate,
on the other hand.

 

(c)                                  During
the Non-Compete Period, and except as is necessary to comply with subsection 5(d),
below, Executive shall not disclose or otherwise communicate to any of the customers
or accounts of Intrado or any of its affiliates that Executive has been
terminated, is considering terminating, or has decided to terminate, employment
with Intrado, and Intrado shall have sole discretion to determine who may
notify the customer or accounts of Intrado or any affiliate of the termination
of Executive’s employment, and the form, substance and timing of such
notification; provided that Executive may disclose to other individuals the
fact that Executive is no longer employed with the Company.

 

(d)                                 During
the Non-Compete Period, Executive will refrain from making statements that
criticize, disparage or ridicule Intrado or any of its affiliates, members,
shareholders, directors, officers, employees or agents (each, an “Intrado Party”)
and are detrimental to the reputation or image of any Intrado Party.  Executive agrees that if Executive receives
an inquiry from a third party that seeks to elicit an opinion of Executive
regarding any Intrado Party, Executive shall, except as provided otherwise in
this subsection 5(d) with respect to certain transactions or proposed
transactions involving the Company, respond by stating that there is no
existing relationship between Executive and such Intrado Party and that
Executive is unable to comment further. 
Such statements (or words to that effect) shall not constitute a
statement that criticizes, disparages or ridicules any Intrado Party and that
is detrimental to the reputation or image of any Intrado Party.  During the Non-Compete Period, Executive shall
reasonably cooperate with any reasonable requests, from Intrado or a party
negotiating with Intrado, for information concerning Intrado in connection with
any transaction or proposed transaction involving the Company with respect to
which the Board requests Executive’s cooperation, and shall, in the course of
such cooperation, make no statement and take no action that could reasonably be
viewed as intending to impede or discourage the transaction or proposed
transaction.  Executive agrees and
acknowledges that the foregoing provisions of subsection 5(d) are
reasonably designed to carry out the purposes of this Agreement, and do not
constitute an unreasonable or overly broad limitation on Executive’s speech or
action.

 

(e)                                  If
Executive is found to have materially breached the terms of subsection 5(a),
5(b), 5(c), 5(d) or 6, below, by a preponderance of the evidence as
determined in a final determination by an Arbitrator (as defined in Section 14(a)),
Executive agrees that he has not earned and shall not be entitled to any
remaining balance in Executive’s Deferral Account; and Executive also shall not
have earned and shall not be entitled to any future benefits under subsection 4(c).   Executive’s failure to earn such rights to
payments and benefits shall not prejudice the Intrado Party right to recover
from Executive, in law or in equity, any additional damages that it actually
suffers as a result of Executive’s breach of the terms of this Agreement;
provided that, except where a Trigger arises out of a termination for Cause,
the total amount of damages that the Intrado Party is entitled to recover as a
result of such breach (including amounts to which the Executive is not entitled
by reason of this Section 5(e)) may exceed the total amount that would be
payable to Executive under this Agreement in the absence of any breach only if
the Intrado Party establishes by clear and convincing evidence that Executive
has materially breached the terms of subsection 5(a), 5(b), 5(c), 5(d) or
6 (proof of damages must still be proven by a preponderance of the evidence).

 

(f)                                    Executive
understands that the foregoing restrictions may limit Executive’s ability to
earn a livelihood in a business similar to the business of Intrado, but
Executive nevertheless believes that Executive has received and will receive
sufficient consideration and other benefits as an Executive and management
employee of Intrado and as otherwise provided hereunder or as described in the
recitals hereto to clearly justify such restrictions which, in any event (given
Executive’s education, skills and ability), Executive does not believe would
prevent Executive from otherwise earning a living.

 

(g)                                 Executive
shall inform any prospective or future employer of any and all restrictions
contained in this Agreement and provide such employer with a copy of such
restrictions (but no other terms of this Agreement), prior to the commencement
of that employment.

 

6

 

(h)                                 Executive
acknowledges the following provisions of Colorado law, set forth in Colorado
Revised Statutes § 8-2-113(2):

 

“Any covenant not to
compete which restricts the right of any person to receive compensation for
performance of skilled or unskilled labor for any employer shall be void, but
this subsection (2) shall not apply to:

 

(i) Any contract for
the purchase and sale of a business or the assets of a business;

 

(ii) Any contract
for the protection of trade secrets;

 

(iii) Any contract
provision providing for the recovery of the expense of educating and training
any employee who has served an employer for a period of less than two years;
and

 

(iv) Executive and
management personnel, and officers and employees who constitute professional
staff to employee and management personnel.”

 

Executive acknowledges that this Agreement is a contract for the
protection of trade secrets under § 8-2-113(2)(b), and is intended to
protect the confidential information of Intrado and that Executive is an
executive and management employee, within the meaning of § 8-2-113(2)(d).

 

(i)                                     If
any court of competent jurisdiction or Arbitrator declares any provision of
this Section 5 invalid or unenforceable, the remainder of Section 5
shall remain fully enforceable.  To the
extent that any court or Arbitrator concludes that any provision of this
agreement is void or voidable, the court or Arbitrator shall reform such
provision(s) to render the provision(s) enforceable, but only to the extent
necessary to render the provision(s) enforceable and only in view of the
parties’ express desire that Intrado and its affiliates be protected to the
greatest extent possible under applicable law from improper competition and/or
the misuse or disclosure of trade secrets, and/or confidential information.

 

6.                                       Confidentiality.  Executive agrees that for the Non-Compete
Period, and for any subsequent periods expressly included in the Nondisclosure
Agreement between Intrado and Executive, Executive will not use, disclose or
otherwise communicate any specialized knowledge or other trade secret of Intrado,
its predecessors and/or successors, as defined in such Nondisclosure Agreement,
incorporated herein by reference.

 

7.                                       Enforcement.  Because Executive’s services are unique and
because Executive has access to confidential information and work product of Intrado,
the Parties hereto agree that money damages would be an inadequate remedy for
any breach of this Agreement.  In the
event of a breach or threatened breach of this Agreement, Intrado or its
successors or assigns will be entitled to injunctive relief, in addition to
other rights and remedies existing in their favor at law or in equity in order
to enforce, or prevent any violations of, the provisions hereof (without
posting a bond or other security).

 

8.                                       Representations
and Warranties of Executive.  Executive
hereby represents and warrants to Intrado that (a) the execution, delivery
and performance of this Agreement by Executive does not and will not conflict
with, breach, violate or cause a default under any agreement, contract or
instrument to which Executive is a party or any judgment, order or decree to
which Executive is subject, (b) Executive is not a party to or bound by
any employment agreement, consulting agreement, non-compete agreement,
confidentiality agreement or similar agreement with any person or entity other
than Intrado and (c) upon the execution and delivery of this Agreement by
Intrado and Executive, this Agreement will be a valid and binding obligation of
Executive, enforceable in accordance with its terms.

 

9.                                       American Jobs Creation Act.  It is the intention of the Parties that
payments or benefits payable under this Agreement not be subject to the
additional tax imposed pursuant to Section 409A of the Code, and the
provisions of this Agreement shall be construed and administered in accordance
with such intent. To the extent such potential payments or benefits could
become subject to Section 409A, the Parties shall cooperate to amend this
Agreement with the goal of giving Executive the economic benefits described
herein in a manner that does not result in such tax being imposed.

 

7

 

10.                                 Severability.  It is the desire and intent of the parties
hereto that the provisions of this Agreement be enforced to the fullest extent
permissible under the laws and public policies applied in each jurisdiction in
which enforcement is sought. 
Accordingly, if any particular provision of this Agreement shall be
adjudicated by a court of competent jurisdiction or in arbitration to be
invalid, prohibited or unenforceable for any reason, such provision, as to such
jurisdiction, shall be ineffective, without invalidating the remaining
provisions of this Agreement or affecting the validity or enforceability of
this Agreement or affecting the validity or enforceability of such provision in
any other jurisdiction.  Notwithstanding
the foregoing, if such provision could be more narrowly drawn so as not to be
invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such
jurisdiction, be so narrowly drawn, without invalidating the remaining
provisions of this Agreement or affecting the validity or enforceability of
such provision in any other jurisdiction.

 

11.                                 Complete Agreement.  This Agreement and those documents expressly
referred to herein embody the complete agreement and understanding among the
parties and supersede and preempt 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, but excluding the
Nondisclosure Agreement between Intrado and Executive.

 

12.                                 Successors and Assigns.  Except as otherwise provided herein, this
Agreement shall bind and inure to the benefit of and be enforceable by
Executive and Intrado and their respective successors, assigns, heirs,
representatives and estate; provided, however, that the rights and obligations
of Executive under this Agreement shall not be assigned without the prior
written consent of Intrado.  Intrado may
assign this Agreement and its rights, together with its obligations hereunder,
in connection with any sale, transfer or other disposition of all or
substantially all of its assets or business, whether by merger, consolidation
or otherwise; provided, however, that the purchaser or successor expressly
assumes the provisions of this Agreement or becomes liable under this Agreement
by operation of law.

 

13.                                 Governing Law.  Except as provided in paragraph 14, this
Agreement will be governed by and construed in accordance with the laws of the
State of Colorado without giving effect to any choice of law or conflicting
provision or rule that would cause the laws of any jurisdiction other than
the State of Colorado to be applied.

 

14.                                 Arbitration.  Except as provide in subparagraph (d),
below, all disputes or controversies arising out of or relating to this
Agreement, Executive’s employment with Intrado, or the termination or
cancellation of that employment or this Agreement, including without limitation
any claim by Executive under any federal, state or local law or statute
regarding discrimination in employment, shall be resolved by final and binding
arbitration in Denver, Colorado in accordance with the following provisions:

 

(a)                                  Because
Intrado operates in interstate commerce, the Federal Arbitration Act, 9 U.S.C. § 101
et seq., shall govern the arbitration,
which shall be conducted pursuant to the then-prevailing rules of the
American Arbitration Association (AAA) and its Employment Dispute Resolution
Procedures.

 

(b)                                 The
Arbitrator may permit limited discovery and any discovery disputes shall be
resolved in favor of expeditious and cost-effective resolution of the
dispute.  Following the hearing, the
Arbitrator shall render a reasoned decision within thirty (30) days, or as soon
thereafter as is administratively practicable. 
The decision of the Arbitrator, which may include equitable relief (but
not punitive damages), shall be final and binding on the parties and judgment
upon the decision may be entered in any court of competent jurisdiction
pursuant to the Federal Arbitration Act.

 

(c)                                  If
Executive substantially prevails in any arbitration, Executive shall be
entitled to receive its reasonable attorneys’ fees, reasonable expert and non-expert
witness costs and expenses, and other costs and expenses reasonably incurred in
connection with the arbitration (together “Fees”) from the Company; provided,
however, that the arbitrator shall not award any Fees for time spent on any
claim or defense on which Executive did not substantially prevail.

 

(d)                                 Notwithstanding
the foregoing provisions of this Section 14, the following claims shall
not be subject to arbitration:  claims
for unemployment compensation benefits, workers compensation benefits (but not
claims of retaliation related to such benefits), matters which are not
arbitrable under the National Labor Relations

 

8

 

Act, and actions for temporary injunctive relief to enforce the
provisions of Sections 5 or 6 hereof or to otherwise prevent unfair competition
or the use or disclosure of trade secrets or confidential information pending a
decision on any such claims by the Arbitrator - it being the express intention
of this provision to allow court proceedings for temporary injunctive relief to
preserve the status quo pending arbitration of such claims.

 

15.                                 Amendment and Waiver.  The provisions of this Agreement may be
amended and waived only with the prior written consent of Intrado and
Executive, 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 or any provision hereof.

 

16.                                 Headings.  The section headings contained in this
Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement.

 

17.                                 Gender; Number.  Words of gender may be read as masculine,
feminine, or neuter, as required by context. 
Words of number may be read as singular or plural, as required by
context.

 

18.                                 Construction.  This Agreement has been freely negotiated by
both sides with the assistance of counsel. 
Executive is represented by Davis Graham and Stubbs LLP.  This Agreement shall not be construed for or
against any Party as the drafter, because both Parties contributed significantly
to the wording of this Agreement.

 

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

 

[Signatures on following page]

 

9

 

IN WITNESS
WHEREOF, the parties hereto have executed this Amended and Restated
Non-Competition Agreement as of the Effective Date stated above.

 

 

	
   

  	
  INTRADO INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  EXECUTIVE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
							

 

*                 Intrado Inc. has
entered Non-Competition Agreements with the following executive officers: (1) George
Heinrichs, President, Chief Executive Officer, Chairman of the Board and
co-founder; (2) Stephen M. Meer, Chief Technology Officer and co-founder; (3) Lawrence
P. Jennings, Chief Operating Officer; (4) Michael D. Dingman, Jr.,
Chief Financial Officer; (5) Craig W. Donaldson, Senior Vice President and
General Counsel; and (6) Teri L. Depuy, Senior Vice President.

 

**          George Heinrichs and
Stephen M. Meer are entitled to three (3) years of severance pay and must
abide by a three (3) year non-compete. Lawrence P. Jennings and Michael D.
Dingman, Jr. are entitled to two (2) years of severance pay and must
abide by a two (2) year non-compete. Craig W. Donaldson and Teri L. Depuy
are entitled to one (1) year of severance pay and must abide by a one (1) year
non-compete.

 

10

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