Severance AgreementSeverance Agreement • February 19th, 2020 • Ribbon Communications Inc. • Services-computer integrated systems design • Delaware
THIS SEVERANCE AGREEMENT (the “Severance Agreement”) is entered into as of February 18, 2020, and effective as of the Start Date (as defined in that certain Employment Letter Agreement, by and between you and the Company, dated February 18, 2020), between Ribbon Communications Inc. (“Ribbon”), Sonus Networks, Inc. d/b/a Ribbon Communications Operating Company, Inc. (“RCOC” and together with Ribbon, the “Company”) and Bruce McClelland (“Executive” or “you”).
February 18, 2020Employment Agreement • February 19th, 2020 • Ribbon Communications Inc. • Services-computer integrated systems design • Massachusetts
On behalf of Ribbon Communications Inc. (“Ribbon”) and Sonus Networks, Inc. d/b/a Ribbon Communications Operating Company, Inc. (“RCOC” and Ribbon and RCOC, together with its affiliates who may employ you from time to time, the “Company”), I am pleased to provide you with this written offer of employment (this “Agreement”) as Ribbon’s President and Chief Executive Officer, effective immediately upon the later of (x) March 1, 2020 or (y) the filing of Ribbon’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (in either case (x) or (y), the “Start Date”). In connection with your employment, you shall also be appointed to serve as a member of Ribbon’s Board of Directors (“Board”) effective as of the Start Date. This Agreement is entered into as of the date set forth above and shall be effective as of the Start Date.
Restricted Stock Unit Award Agreement (Performance-Based Vesting)Restricted Stock Unit Award Agreement • February 19th, 2020 • Ribbon Communications Inc. • Services-computer integrated systems design • Delaware
THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”), is made effective as of March 15, 2020 (the “Grant Date”), between Ribbon Communications Inc., a Delaware corporation (the “Company”), and Bruce McClelland (the “Participant”).
