EX-10.4
from 8-K
16 pages
A. the Company Will Pay a Lump-Sum Amount to You, Within Sixty (60) Calendar Days Following Your Separation From Service, Equal to Two (2.0) Times Your Annualized Total Compensation; Provided That if the Sixty (60) Day Period Begins in One Taxable Year and Ends in a Subsequent Taxable Year, the Payment Will Be Made in the Subsequent Taxable Year; However, if the Change in Control Is Not a “Change in Control Event,” Within the Meaning of Section 409a of the Internal Revenue Code of 1986, as Amended (The “Code”), Then Such Amount Shall Be Payable in Equal Regular Intervals Over the Twenty-Four (24) Months, in Accordance With the Company’s Regular Payroll Practices, Beginning on the First Practicable Paydate Following Expiration of the Applicable Revocation Period. This Amount, Whether Paid as a Lump Sum or in Installments, Constitutes a “Change-In-Control Severance Benefit” Under the Terms of the Rr Donnelley Senior Leadership Separation Pay Plan (The “Slspp”), Subject to the Limits Set Forth Therein, All Provisions of the Slspp (Except as Otherwise Provided in the Slspp) Shall Apply Thereto, And, Except as Set Forth in This Agreement, No Other Amount Shall Be Payable Under the Slspp. Any Dispute Regarding This Change-In-Control Severance Benefit, Including Your Eligibility Therefor, Will Be Governed by the Terms of the Slspp (Including Its Claims and Appeals Procedures)
12/34/56
