Exhibit 99.1
CINCINNATI BELL INC.
Executive Compensation Recoupment/Clawback Policy
(Effective January 1, 2011)
1. This policy sets forth the conditions under which Cincinnati Bell Inc. (the Company) will
seek reimbursement with respect to excess incentive compensation paid or awarded to, and to recover
net profits realized from the sale, vesting or exercising of shares of the Companys common stock
by, Executive Officers of the Company. Executive Officers means those individuals designated by
the Board of Directors as Executive Officers for purposes of Section 16 of the Securities Exchange
Act of 1934.
2. In each instance where all three of the following factors exist, the Company will seek to
recover from each Executive Officer the full or partial portion of any cash or equity-based
incentive compensation paid to or received by such officer for or during each of the restated
periods that is greater than the amount that would have been paid or received had the financial
results been properly reported:
(a) the incentive compensation payment or award (or the vesting of such award) was based upon
the achievement of financial results, as reported in a Form 10-Q, Form 10-K or other report filed
with the Securities and Exchange Commission (SEC), that were subsequently the subject of a
restatement to correct an accounting error due to material noncompliance with any financial
reporting requirement under the federal securities laws (other than corrections resulting from
changes to accounting standards);
(b) a lower payment or award would have been made to such Executive Officer (or less or no
vesting would have occurred with respect to such award) based upon the restated financial results;
and
(c) the need for the restatement was identified within three years after the date of the first
public issuance or filing of the financial results that were subsequently restated.
3. Other Applicable Provisions.
(a) The Company may, to the extent permitted by law, enforce part or all of an Executive
Officers repayment obligation under this policy by reducing any amounts that may be owing from
time-to-time by the Company or any of its subsidiaries to such Executive Officer, whether as wages,
severance, vacation pay or in the form of any other benefit or for any other reason.
(b) The Board of Directors (or a designated committee comprised exclusively of independent
directors) shall have full and final authority to make the determination set forth under this
policy.
(c) This policy shall be effective as of January 1, 2011 (the Effective Date) for any
current Executive Officer, or former Executive Officer that terminates employment after the
Effective Date, and shall apply to cash and equity-based incentive compensation that is
approved, granted or awarded on or after that date. From and after the Effective Date, each
award agreement or other document setting forth the terms and conditions of any incentive
compensation shall include a provision incorporating the requirements of this policy.
(d) The repayment of incentive compensation under this policy is in addition to any other
right or remedy available to the Company.
(e) Incentive compensation means any cash or equity or bonus or profit sharing awarded to an
Executive Officer based upon achievement of financial performance metrics.
(f) This policy shall not apply to any current or former Executive Officer subsequent to a
merger or acquisition where the Executive Officer was not employed by the Company (or its
successor) for the restatement period.
(g) This policy is separate from and in addition to requirements of Section 304 of the
Sarbanes-Oxley Act of 2002 (Section 304) that are applicable to the Companys Chief Executive
Officer and Chief Financial Officer, and the Board of Directors shall consider any amounts paid to
the Company by the Chief Executive Officer and Chief Financial Officer pursuant to Section 304 in
determining any amount of excess compensation to recoup and the recoupment period defined under
Section 304.
(h) This policy is subject to any current or future actions imposed by law enforcement
agencies, regulators or other authorities.
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