Document:

Exhibit 10.9

 Exhibit 10.9 
 PRIMUS TELECOMMUNICATIONS GROUP, INCORPORATED 
 MANAGEMENT COMPENSATION PLAN 
 FORM OF RESTRICTED STOCK UNIT AGREEMENT 
 THIS RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”) dated as of July 1, 2009 (the “Grant Date”) is made between Primus Telecommunications Group, Incorporated (the “Company”) and
[                    ] (the “Grantee”). The Management Compensation Plan (the “Plan”) is hereby incorporated by
reference and made a part hereof, and the Restricted Stock Units (the “Management RSUs”) and this Agreement shall be subject to all terms and conditions of the Plan. Capitalized terms not defined herein shall have the meanings
ascribed to them in the Plan. 
 1. Grant of Restricted Stock Units. The Company hereby grants to the Grantee
[    ] Management RSUs pursuant to the Plan, subject to the terms and conditions of this Agreement and the Plan. The Management RSUs shall vest in accordance with the attainment of specified Adjusted EBITDA Targets for any fiscal
year during the term of this Agreement. The Adjusted EBITDA Targets for 2009, 2010, and 2011 are set forth in Annex A attached hereto and Adjusted EBITDA shall have the meaning set forth in Annex B attached hereto. The Adjusted EBITDA Targets for
subsequent years shall be determined by the Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) and ratified by the Board. 
 2. Vesting. The Management RSUs granted to the Grantee hereunder shall become vested upon the attainment of the applicable percentage of the
specified Adjusted EBITDA Targets as set forth below, provided, except as set forth in Sections 4(c) [and 4(d)] below, that the Grantee is employed by the Company or its Subsidiaries on the first day of the fiscal year following the year in
which such Adjusted EBITDA Targets are attained. For the avoidance of doubt, the Management RSUs shall only vest in accordance with Sections 2(a), 4(c) [and 4(d)] hereof, in each case, as applicable. 
 (a) Management RSUs. If Adjusted EBITDA for any fiscal year of the Company equals or exceeds ninety percent (90%) of the Adjusted EBITDA
Target for such fiscal year (such fiscal year, the “Initial Management RSU Year”), fifty percent (50%) of the Management RSUs shall become vested. If Adjusted EBITDA for any fiscal year of the Company subsequent to the Initial
Management RSU Year equals or exceeds ninety percent (90%) of the Adjusted EBITDA Target for such fiscal year, the remaining fifty percent (50%) of the Management RSUs shall become vested. 
 (b) Vested and Unvested RSUs. The Management RSUs granted to the Grantee under this Agreement that become vested in accordance with this
Section 2 shall constitute “Vested RSUs”. All Management RSUs granted to the Grantee under this Agreement that have not become vested shall constitute “Unvested RSUs”. 
 3. Settlement of RSUs. Subject to the last sentence of Section 4(a) hereof, Vested RSUs shall be settled in shares of
Stock on a one-for-one basis, as soon as practicable following the date on which the Committee certifies that the applicable percentage of the specified Adjusted EBITDA Targets with respect to the applicable fiscal year have been achieved, but in no
event later than the 15th day of the third calendar month following the end of the
fiscal year for which the applicable Adjusted EBITDA Targets were achieved. 

 4. Termination of Employment. 
 (a) Forfeiture. Except as provided in Sections 4(c) [or 4(d)] hereof, upon the termination of the Grantee’s employment with the Company or any
Subsidiary for any reason, any Unvested RSUs shall be forfeited (without payment of any consideration therefor). Upon the termination of the Grantee’s employment with the Company or any Subsidiary for Cause, any Vested RSUs which have not been
settled prior to the date of such termination shall be forfeited (without payment of any consideration therefor). 
 (b) Clawback. In
the event that the Grantee’s employment with the Company or any Subsidiary is terminated for Cause during the term of this Agreement, the Company shall demand repayment of (i) any Stock or cash payments received by the Grantee in
settlement of any Vested RSUs and (ii) any profits received on the sale of any Stock received in connection with the settlement of any Vested RSUs. The Grantee shall be required to provide repayment of such amounts within ten (10) days
following written demand by the Company. The value of such repayment shall be determined by the Committee in its sole discretion. 
 (c)
Pro-Rata Vesting. Subject to the provisions of Section 4(d) hereof, in the event that (i) the Grantee’s employment (x) is involuntarily terminated by the Company without Cause (other than on account of death or Disability
(as such term is defined in the Grantee’s employment agreement or separation agreement, or if the Grantee does not have an employment agreement or separation agreement, as such term is defined in the Plan)) or (y) is terminated by the
Grantee for Good Reason (as such term is defined in the Grantee’s employment agreement, or if the Grantee does not have an employment agreement, as such term is defined in the Plan) or by the Grantee for a Constructive Termination (as such term
is defined in the Grantee’s applicable separation agreement) and (ii) the Company attains the applicable percentage of the specified Adjusted EBITDA Targets for the fiscal year in which occurred such termination of employment, the Grantee
shall be entitled to receive a pro-rata portion of the Management RSUs that would have vested had the Grantee remained employed by the Company or any Subsidiary through the applicable payment date set forth in Section 3 hereof (the
“Earned RSUs”). For the avoidance of doubt, the pro-rata portion of Management RSUs shall be determined by multiplying the number of Earned RSUs by a fraction, the numerator of which shall be the number of days that the Grantee
actually was employed by the Company or any Subsidiary during such fiscal year and the denominator of which shall be 365. Any RSUs so earned shall be settled in accordance with Section 3 hereof. 
 (d) [Accelerated Vesting] [Change of Control]. [In accordance with the applicable provisions of the Grantee’s [employment agreement]
[separation agreement], if the Grantee’s employment (i) is involuntarily terminated by the Company without Cause (other than on account of death or Disability) within twenty-four months after a Change of Control (as such term is defined in
the Grantee’s employment agreement or separation agreement, as applicable), or (ii) is terminated by the Grantee [for Good Reason (as such term is defined in the Grantee’s applicable employment agreement)] [in a Constructive
Termination (as such term is defined in the Grantee’s applicable separation agreement)] within twenty-four months after a Change of 

 
Control, all Management RSUs granted pursuant to Section 1 hereof shall immediately vest and shall be settled within ten (10) days of the date of
such termination of employment. For the avoidance of doubt, the number of Management RSUs that vest in accordance with the first sentence of this Section 4(d) shall be calculated as if the Company attained ninety percent (90%) of the
specified Adjusted EBITDA Targets for two successive fiscal years.] [Upon a Change of Control (as such term is defined in the Plan), any Unvested RSUs shall be forfeited (without payment of any consideration therefor).] 
 (e) Notwithstanding anything herein or in an applicable employment or separation agreement to the contrary, for purposes of this Agreement, a termination
for Good Reason or a Constructive Termination, as applicable, shall only be deemed to have occurred if such termination constitutes an “involuntary separation from service” for purposes of Section 409A of the Code. 
 5. Expiration of Restricted Stock Units. Subject to earlier forfeiture as provided in Section 4 hereof, in the event that all or any portion
of the RSUs granted pursuant to this Agreement have not become Vested RSUs by the tenth (10th) anniversary of the Grant Date (the “Expiration Date”), any such Unvested RSUs shall terminate and be of no further force and effect
as of the Expiration Date. 
 6. No Rights as a Stockholder. The Grantee shall have no rights of a stockholder (including the right to
distributions or dividends) until shares of Stock are issued pursuant to the terms of this Agreement. 
 7. Restrictions. Prior to the
time shares of Stock are issued with respect to any Management RSUs granted hereunder, neither the Management RSUs nor any interest thereto may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by the Grantee, except by
will or the laws of descent and distribution, and any such purported sale, assignment, transfer, pledge, hypothecation or other disposition in violation of this Section 7 shall be void and unenforceable against the Company and will result in
the immediate termination of the applicable Management RSUs. 
 8. Withholding Taxes. The Grantee shall pay to the Company, or make
provision satisfactory to the Company for payment of, any taxes required to be withheld by applicable law or regulation in respect of the Management RSUs, as applicable, no later than the date of the event creating the tax liability. The Company
may, and, in the absence of other timely payment or provision made by the Grantee that is satisfactory to the Company, shall, to the extent permitted by law, deduct any such tax obligations from any payment of any kind otherwise due to the Grantee,
including, but not limited to, by withholding shares from any shares of Stock to be delivered hereunder. In the event that payment to the Company of such tax obligations is made by delivery or withholding of shares of Stock, such shares shall be
valued at their fair market value (as determined in accordance with the Plan) on the applicable date for such purposes. 
 9.
Section 409A Compliance. The intent of the parties is that payments and benefits under this Agreement comply with Section 409A of the Code to the extent subject thereto, and, accordingly, to the maximum extent permitted, this
Agreement shall be interpreted and be 

 
administered to be in compliance therewith. Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated
taxation and/or tax penalties under Section 409A of the Code, the Grantee shall not be considered to have terminated employment with the Company for purposes of this Agreement and no payment shall be due to the Grantee under the Plan or this
Agreement until the Grantee would be considered to have incurred a “separation from service” from the Company within the meaning of Section 409A of the Code. Any payments described in this Agreement that are due within the “short
term deferral period” as defined in Section 409A of the Code shall not be treated as deferred compensation unless applicable law requires otherwise. Notwithstanding anything to the contrary in this Agreement, to the extent that any Awards
are payable upon a separation from service and such payment would result in the imposition of any individual excise tax and late interest charges imposed under Section 409A of the Code, the settlement and payment of such Awards shall instead be
made on the first business day after the date that is six (6) months following such separation from service (or death, if earlier). 
 10. Miscellaneous. 
 (a) No Right to Continued Employment. Except as may otherwise be provided in an applicable
employment or severance agreement, nothing in the Plan or in this Agreement will confer upon the Grantee any right to continue in the employ of the Company or its Subsidiaries or interfere with or restrict in any way the right of the Company or any
of its Subsidiaries, which is hereby expressly reserved, to remove, terminate or discharge the Grantee at any time for any reason whatsoever, with or without Cause. 
 (b) Authority of the Committee. The Committee shall have full authority to interpret and construe the terms of the Plan and this Agreement. The determination of the Committee as to any such matter of
interpretation or construction shall be final, binding and conclusive. 
 (c) Notices. All notices and other communications under this
Agreement shall be in writing and shall be given by first class mail, certified or registered with return receipt requested, and shall be deemed to have been duly given three days after mailing to the respective parties named below: 
  

			
	If to the Company:	  	Primus Telecommunications Group, Incorporated
		  	7901 Jones Branch Drive, Suite 900
		  	McLean, VA 22102
		  	Attention: [                    ]
		
	If to the Grantee:	  	At the address on record with the Company.

 (d) Amendments. This Agreement may be amended or modified at any time only by an instrument
in writing signed by each of the parties hereto. 

 (e) Successors. The terms of this Agreement will be binding upon and inure to the benefit of the
Company, its successors and assigns, and, subject to Section 7 hereof, the beneficiaries, executors, administrators, heirs and successors of the Grantee. 
 (f) Headings. Headings are used solely for the convenience of the parties and shall not be deemed to be a limitation upon or descriptive of the contents of any such Section. 
 (g) Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which
together shall be deemed to be one and the same instrument. 
 (h) Governing Law. This Agreement shall be governed by and construed
according to the laws of the State of Delaware without regard to its principles of conflict of laws. 
 (i) Acceptance. The Grantee
hereby acknowledges receipt of a copy of the Plan and this Agreement. The Grantee has read and understands the terms and provisions thereof and hereof, and accepts the Management RSUs granted hereunder subject to all the terms and conditions of the
Plan and this Agreement. 
 [SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement on the day and year
first above written. 
  

			
	PRIMUS TELECOMMUNICATIONS GROUP, INCORPORATED
		
	 By
	 	  

	 Name:
	 	
	 Title:
	 	
	
	  

	 Grantee
	 	

 Annex A 
 Adjusted EBITDA Targets for 2009, 2010, 20111 
  

							
	For the Year Ending December 31,
	2009	 	2010	 	2011
	$66,031,000	 	$	67,055,000	 	$	73,137,000

  

	1
	 These numbers are consistent with the Plan of Reorganization’s Financial Forecast line item “EBITDA (before Restructuring charges)”.

 Annex B 
 Definition of “Adjusted EBITDA” 
 1. All capitalized terms not defined in this Annex
B shall have the meanings ascribed to them in the “Term Loan Agreement” (as such term is defined in Section 3 below). 
 2. For purposes of this Agreement, “Adjusted EBITDA” shall mean “Adjusted EBITDA” as externally reported by Parent in its earnings releases, in a manner consistent with Parent’s past practices plus, to the
extent otherwise deducted in calculating net income during such period, professional fees, costs and expenses incurred in connection with the Proceedings, the confirmation and effectiveness of the Plan of Reorganization and the related Fresh Start
Accounting implementation. Adjusted EBITDA shall be calculated to eliminate the effect of Fresh Start Accounting and to eliminate the effect of any Asset Disposition or Asset Acquisition (including acquisitions of other Persons by merger,
consolidation or purchase of Capital Stock), based upon adjustments calculated by the Parent and such adjustments shall be subject to agreed upon procedures performed by the Parent’s nationally recognized independent accountants. 
 3. “Term Loan Agreement” shall mean the Term Loan Agreement, dated as of February 18, 2005 and last amended on July 1, 2009
(as may be further amended, supplemented or otherwise modified from time to time), among Primus Telecommunications Group, Incorporated and Primus Telecommunications Holding, Inc., as Borrower, the several lenders from time to time parties hereto,
Lehman Brothers Inc., as Arranger, Lehman Commercial Paper Inc., as Syndication Agent and Lehman Commercial Paper Inc., as Administrative Agent.Exhibit 10.10

 Exhibit 10.10 
 PRIMUS TELECOMMUNICATIONS GROUP, INCORPORATED 
 MANAGEMENT COMPENSATION PLAN 
 FORM OF NONQUALIFIED STOCK OPTION AGREEMENT 
 THIS NONQUALIFIED STOCK OPTION AGREEMENT (the “Agreement”) dated as of July 1, 2009 (the “Grant Date”) is made between Primus Telecommunications Group, Incorporated (the “Company”) and
[                    ] (the “Grantee”). Capitalized terms not defined herein shall have the meanings ascribed to them in the
Management Compensation Plan (the “Plan”). Where the context permits, references to the Company shall include any successor to the Company. 
  

	 	1.	Grant of Option. 

 (a) Number of Shares; Type of
Option. The Company hereby grants to the Grantee an Option to purchase [            ] shares of Stock (the “Option Shares”) on the terms and conditions set forth in
this Agreement. The Option is intended to be a nonqualified stock option. 
 (b) Incorporation of Plan by Reference, Etc. The Plan is
hereby incorporated by reference and made a part hereof, and the Option and this Agreement shall be subject to all terms and conditions of the Plan. 
  

	 	2.	Terms and Conditions. 

 (a) Exercise Price.
The per share exercise price (the “Exercise Price”) for the purchase of Option Shares upon the exercise of all or any portion of the Option shall be equal to the greater of (i) $12.22 and (ii) the Fair Market Value of a
share of Stock on the Grant Date. 
 (b) Term of Option; Expiration Date. Subject to earlier expiration as
provided in Section 2(e) below, the Option shall expire at the close of business on the tenth (10th) anniversary of the Grant Date (the “Expiration Date”). 
 (c) Exercisability of
Option. Except as otherwise provided in this Agreement or in the Plan, the Option shall vest and become exercisable with respect to the number of Option Shares specified on the dates set forth below (each a “Vesting Date”),
provided that the Grantee is employed by the Company or any Subsidiary of the Company on the applicable Vesting Date. Once vested and exercisable, the Option shall continue to be vested and exercisable at any time or times prior to the Expiration
Date, subject to the provisions hereof and the Plan. 
  

	 	i.	25% of the Option shall become vested and exercisable on the date which is six (6) months following the Grant Date; 

  

	 	ii.	25% of the Option shall become vested and exercisable on the first anniversary of the Grant Date; 

  

	 	iii.	25% of the Option shall become vested and exercisable on the date which is eighteen (18) months following the Grant Date; and 

	 	iv.	25% of the Option shall become vested and exercisable on the second anniversary of the Grant Date. 

 (d) Method of Exercise. The Exercise Price for any Option Share purchased pursuant to the exercise of all or part of the Option shall be paid in
cash. Notwithstanding the foregoing, if the Fair Market Value per share of Stock on the date of exercise equals or exceeds 150% of the Exercise Price, the Committee may permit payment of the Exercise Price (i) on a net-settlement basis pursuant
to which the Company shall withhold the amount of Stock sufficient to cover the Exercise Price and tax withholding obligation or, (ii) to the extent permitted by applicable law, by means of a cashless exercise procedure through a broker
acceptable to the Company. 
 (e) Termination of Employment. 
  

	 	i.	If the Grantee’s employment with the Company and its Subsidiaries terminates because of the Grantee’s death or Disability (as such term is defined in the Grantee’s
employment agreement or separation agreement, or if the Grantee does not have an employment agreement or separation agreement, as such term is defined in the Plan), (A) any unvested portion of the Option shall terminate (without payment of any
consideration therefor) and (B) any vested portion of the Option held by the Grantee as of the date of such termination shall remain exercisable until the earlier of (x) one (1) year following the date of such termination and
(y) the Expiration Date, and the Option shall thereafter terminate (without payment of any consideration therefor). 

  

	 	ii.	If the Grantee’s employment with the Company and its Subsidiaries is terminated for Cause, the Option, whether or not then vested and exercisable, shall terminate on the date
of such termination of employment (without payment of any consideration therefor). 

  

	 	iii.	 [In accordance with the applicable provisions of the Grantee’s [employment] [separation] agreement, if the Grantee’s employment (i) is involuntarily
terminated by the Company without Cause (other than on account of death or Disability) within twenty-four months after a Change of Control (as such term is defined in the Grantee’s employment or separation agreement, as applicable), or
(ii) is terminated by the Grantee [for Good Reason (as such term is defined in the Grantee’s applicable employment agreement)] [in a Constructive Termination (as such term is defined in the Grantee’s applicable separation agreement)]
within twenty-four months after a Change of Control, the Option granted hereunder shall become 100% vested as of the date of such termination of employment and shall be exercisable until the earlier of (x) 120 days following the date of such
termination of employment and (y) the Expiration Date, and the Option shall thereafter terminate (without payment of any consideration therefor).] [Upon a Change of Control, (i) any unvested portion of the Option shall immediately 

  

 2 

	 	 
terminate and be of no further force and effect (without payment of any consideration therefor) and (ii) any vested portion of the Option shall remain
exercisable for the earlier of (A) 120 days following the date of such Change of Control and (B) the Expiration Date, and the Option shall thereafter terminate (without payment of any consideration therefor).] 

 

	 	iv.	If the Grantee’s employment with the Company and its Subsidiaries terminates (including by reason of the Subsidiary which employs the Grantee ceasing to be a Subsidiary of the
Company) other than as described in subsections (i), (ii) and (iii) above, as applicable, (A) any portion of the Option granted to the Grantee that is vested and exercisable as of the date of such termination of employment shall
remain exercisable until the earlier of (x) 120 days following the date of such termination of employment and (y) the Expiration Date, and the Option shall thereafter terminate (without payment of any consideration therefor), and
(B) any portion of the Option granted to such Grantee which is not vested and exercisable as of the date of such termination of employment shall terminate upon the date of such termination of employment (without payment of any consideration
therefor). 

 (f) Nontransferability. The Option granted hereunder (including any portion thereof or interest therein)
is not transferable by the Grantee otherwise than by will or the laws of descent and distribution, and the Option may be exercised during the lifetime of the Grantee only by the Grantee or the Grantee’s guardian or legal representative. Any
such transfer of the Option in violation of this Section 2(f) shall be void and unenforceable against the Company and will result in the immediate termination of the Option (or portion thereof or interest therein). The terms of the Option shall
be binding upon the beneficiaries, executors, administrators, heirs and successors of the Grantee. 
  

	 	3.	Miscellaneous. 

 (a) No Right to Continued
Employment. Nothing in the Plan or in this Agreement will confer upon the Grantee any right to continue in the employ of the Company or its Subsidiaries or interfere with or restrict in any way the right of the Company or any of its
Subsidiaries, which is hereby expressly reserved, to remove, terminate or discharge the Grantee at any time for any reason whatsoever, with or without Cause. 
 (b) Authority of the Committee. The Committee shall have full authority to interpret and construe the terms of the Plan and this Agreement. The determination of the Committee as to any such matter of
interpretation or construction shall be final, binding and conclusive. 
 (c) Notices. All notices and other communications under this
Agreement shall be in writing and shall be given by first class mail, certified or registered with return receipt requested, and shall be deemed to have been duly given three days after mailing to the respective parties named below: 
  

			
	If to the Company:	  	Primus Telecommunications Group, Incorporated
		  	7901 Jones Branch Drive, Suite 900
		  	McLean, VA 22102
		  	Attention: [                    ]
		
	If to the Grantee:	  	At the address on record with the Company.

  

 3 

 (d) Amendments. This Agreement may be amended or modified at any time only by an instrument in
writing signed by each of the parties hereto. 
 (e) Successors. The terms of this Agreement will be binding upon and inure to the
benefit of the Company, its successors and assigns, and, subject to Section 2(f) hereof, the beneficiaries, executors, administrators, heirs and successors of the Grantee. 
 (f) Headings. Headings are used solely for the convenience of the parties and shall not be deemed to be a limitation upon or descriptive of the
contents of any such Section. 
 (g) Counterparts. This Agreement may be executed in any number of counterparts, each of which shall
be deemed to be an original and all of which together shall be deemed to be one and the same instrument. 
 (h) Governing Law. This
Agreement shall be governed by and construed according to the laws of the State of Delaware without regard to its principles of conflict of laws. 
 (i) Acceptance. The Grantee hereby acknowledges receipt of a copy of the Plan and this Agreement. The Grantee has read and understands the terms and provisions thereof, and accepts the Option subject to all the terms and conditions
of the Plan and this Agreement. 
 (j) No Rights as a Stockholder. The Grantee shall have no rights of a stockholder (including the
right to distributions or dividends) until the Option shall have been exercised with respect to shares of Stock and such shares have been issued and delivered to the Grantee. 
 [SIGNATURE PAGE FOLLOWS] 
  

 4 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement on the day and year
first above written. 
  

			
	PRIMUS TELECOMMUNICATIONS GROUP, INCORPORATED
		
	By	 	  

	Name:	 	
	Title:	 	
	
	  

	Grantee

  

 5

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