RR Donnelley Retention Award Acceleration Letter to Employee (2016)
This letter from RR Donnelley informs the recipient that if their employment is terminated without cause before the vesting date, they will receive full and immediate payment of their unvested 2013 and 2014 retention awards. However, this does not apply if the employee is transferred to Donnelley Financial Solutions, LSC Communications (in connection with spin-offs), or within the RRD control group before the spin-offs. The change is effective immediately.
Exhibit 10.28
February 29, 2016
We are pleased to inform you that the HR Committee of the RR Donnelley Board of Directors has decided to provide full and immediate payment of the unvested portion of your 2013 and 2014 retention awards in the event your employment is terminated by your employer without cause prior to vest date. For the avoidance of doubt, this would not apply to the transfer of your employment to Donnelley Financial Solutions or LSC Communications (in connection with their spin-offs) or the transfer of your employment within the RRD control group (prior to these spin-offs).
This change is effective immediately.
/s/ Thomas Carroll
Thomas Carroll
EVP, CHRO
RR Donnelley
