RR Donnelley Retention Award Acceleration Letter to Thomas Carroll (2016)
This letter from RR Donnelley, signed by its Chief Human Resources Officer, informs Thomas Carroll that if his employment is terminated by the company without cause before the vesting date, he will receive full and immediate payment of his unvested 2013 and 2014 retention awards. The accelerated payment does not apply if his employment is transferred to Donnelley Financial Solutions, LSC Communications, or within the RRD group before their spin-offs. The change is effective immediately.
Exhibit 10.1
 | Thomas Carroll Executive Vice President Chief Human Resources Officer
4101 Winfield Road Warrenville, IL 60555 T: ###-###-#### F: 630 ###-###-#### ***@*** |
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.
Thomas Carroll
EVP, CHRO
RR Donnelley
