SEC Contract Filing

Filing Date: 2018-01-26

Document Content:
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<TYPE>EX-10.4
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<FILENAME>d529542dex104.htm
<DESCRIPTION>EX-10.4
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.4 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">LSC Communications US, LLC. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Participation Agreement </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">January&nbsp;19, 2018
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Richard T. Lane </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">LSC Communications </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">200 Connecticut Avenue, Suite 4G </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Norwalk, CT 06854-1907 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top">Notice of Participation in the Key Employee Severance Plan </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Rick: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">LSC Communications, Inc. (the &#147;Company&#148;) is pleased to inform you that you have been selected as a participant in the Company&#146;s LSC
Communications US, LLC Key Employee Severance Plan (the &#147;Severance Plan&#148;), which is operated as a <FONT STYLE="white-space:nowrap">sub-plan</FONT> under the LSC Separation Pay Plan. Capitalized terms that are used in this Participation
Agreement but that are not defined herein shall have the meanings set forth in the Severance Plan. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Severance Plan Benefits </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Under Section&nbsp;5(a) of the Severance Plan, in the event you incur a Qualifying Termination, which for purposes of the Severance Plan
includes a termination of your employment by the Company without Cause (unless otherwise set forth in this Participation Agreement) or a termination of your employment for Good Reason (as defined below), then so long as you fulfill the Severance
Plan&#146;s requirements (e.g., executing a Separation Agreement and General Release), then you would be entitled to the following benefits: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">Salary continuation for 18 months; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Payment of 150% of your target annual bonus; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">A <FONT STYLE="white-space:nowrap">lump-sum</FONT> payment which will represent the current difference between your monthly medical insurance cost immediately prior to the applicable Qualifying Termination and the
monthly cost for COBRA for 18 months and may be used for any purpose, including to offset the cost of electing COBRA coverage; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">Six months of outplacement assistance from a provider selected by the Company. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The salary
continuation and target bonus payments amounts set forth above will be paid as provided in the Severance Plan beginning approximately 60 days following your Qualifying Termination and ending on the 18th month anniversary of the Qualifying
Termination. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Under Section&nbsp;5(b) of the Severance Plan, in the event that your Qualifying Termination
occurs within two years following the date of a Change in Control of the Company, then so long as