SEC Contract Filing

Filing Date: 2018-02-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.39
<SEQUENCE>2
<FILENAME>exhibit1039cbb2017-2019sha.htm
<DESCRIPTION>CBB 2017-2019 SHARE-BASED PERFORMANCE UNIT AWARD
<TEXT>
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<div><a name="sFC13BAAC847352DB910A9C9B295727CD"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">CINCINNATI BELL INC.</font></div><div style="line-height:120%;padding-bottom:24px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">2017-2019 SHARE-BASED PERFORMANCE UNIT AWARD AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Share-based Performance Unit Award Agreement (the or this &#8220;Award&#8221;) is made between Cincinnati Bell Inc. (the &#8220;Company&#8221; and, together with all of its subsidiary corporations and organizations, the &#8220;Employer&#8221;) and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">PARTICIPANT NAME</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;Employee&#8221;) and is effective as of January 26, 2017. By signing this Award, the Company and the Employee each agrees to all of the terms of this Award. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Share-based Performance Unit Award</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Under and pursuant to the Cincinnati Bell Inc. 2007 Long Term Incentive Plan (the &#8220;Plan&#8221;), the Compensation Committee of the Company&#8217;s Board of Directors (the &#8220;Committee&#8221;) hereby, on behalf of the Company and subject to the Employee signing this Award and thereby agreeing to all of the terms of this Award, agrees that, to the extent required by and in accordance with the terms of this Award, the Company shall distribute the value of a number of Units (in the form of common shares of the Company (&#8220;Shares&#8221;), cash, or a combination of Shares and cash) to or with respect to the Employee. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">For purposes of this Award, (a) a &#8220;Unit&#8221; is a measure that is used to determine the number of Shares and/or the amount of cash that will be distributed to or with respect to the Employee under this Award and (b) the &#8220;value&#8221; of a Unit that is to be distributed under this Award shall be deemed to be equal to 100% of the fair market value (determined in accordance with the Plan&#8217;s terms for determining fair market value) of one Share on the date of the distribution. </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Terms Used In This Award</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The following terms are used in determining the number of Units (if any) the value of which is to be distributed to or with respect to the Employee under this Award and shall have the meanings indicated below.</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;Disability Termination&#8221; means, with respect to the Employee, the termination of the Employee&#8217;s employment with the Employer because the Employee is unable to perform all of the duties of the Employee&#8217;s then current position with the Employer due to a physical or mental condition, provided that such inability to perform such duties is reasonably expected to be permanent. </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Committee must determine that all of the above conditions are met for the Employee to be deemed to have incurred a Disability Termination. </font></div></td></tr></table><table cellpadding="0