COVAD COMMUNICATIONS GROUP INC
EXHIBIT 10.3
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<DESCRIPTION>EXHIBIT 10.3
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.3</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>COVAD COMMUNICATIONS GROUP, INC.</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>EXECUTIVE SEVERANCE PLAN</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>AND</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>SUMMARY PLAN DESCRIPTION</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Effective Date: January&nbsp;1, 2008 until December&nbsp;31, 2009

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Version Date: January&nbsp;2008

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>COVAD COMMUNICATIONS GROUP, INC.<BR>
EXECUTIVE SEVERANCE PLAN<BR>
AND<BR>
SUMMARY PLAN DESCRIPTION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;1. Introduction</B>. The Covad Communications Group, Inc. (&#147;<B>Parent</B>&#148;) Executive Severance Plan
(the &#147;<B>Plan</B>&#148;) is primarily designed to provide those eligible executive employees of Parent and any
of its subsidiaries or affiliated entities, including but not limited to Covad Communications
Company (collectively, the &#147;<B>Company</B>&#148;) whose employment is involuntarily terminated with financial
assistance while they are seeking new employment opportunities. The Plan is effective for eligible
executive employees of the Company who are notified on any date starting on January&nbsp;1, 2008 and
ending on December&nbsp;31, 2009 that their employment will be terminated. Only eligible executive
employees of the Company shall be entitled to severance benefits under the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;2. Plan Document and Summary Plan Description. </B>This Plan is designed to be an &#147;employee
welfare benefit plan,&#148; as defined in Section&nbsp;3(1) of the Employee Retirement Income Security Act of
1974, as amended (&#147;ERISA&#148;). This Plan is governed by ERISA and, to the extent applicable, the laws
of the State of California. This document constitutes both the official plan document and the
required summary plan description under ERISA.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;3. Definitions</B>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>A.&nbsp;&#147;</B><U><B>Involuntary Termination</B></U><B>&#148; </B>means any involuntary termination of your employment by
the Company other than as a result of the following:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Disability&#148; which means any medically determinable physical or
mental impairment that has lasted for a continuous period of not less than six
months and can be expected to be permanent or of indefinite duration, and that
renders you unable to perform the essential functions of your job with or
without reasonable accommodation;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>death; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Cause&#148; which means any of the following:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conviction of any felony which includes as an
element of the crime a premeditated intent to commit the act;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any serious misconduct in the course of
employment or material violation of the Company&#146;s Code of Conduct or
Employee Guide; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>habitual neglect of your duties (other than on
account of Disability) which materially adversely affects your
performance of your duties and continues for 30&nbsp;days following your
receipt of notice from the Chief Executive Officer or the Board of
Directors which specifically identifies the nature of the habitual
neglect and the</TD>
</TR>

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<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 10%">duties that are materially adversely affected and states that, if not
cured, such habitual neglect constitutes grounds for termination
(&#147;<B>Notice of Habitual Neglect</B>&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">except that Cause shall not mean:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>bad judgment or negligence unless it materially
adversely affects your performance of your duties and continues for 30
days following your receipt of a Notice of Habitual Neglect;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any act or omission believed by you in good
faith to have been in or not opposed to the interest of the Company
(without intent to gain, directly or indirectly, a profit to which you
were not legally entitled);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any act or omission with respect to which a
determination could properly have been made by the Board of Directors
that you met the applicable standard of conduct for indemnification or
reimbursement under Parent&#146;s by-laws, any applicable indemnification
agreement, or applicable law, in each case in effect at the time of
such act or omission; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any act or omission with respect to which
notice of termination is given more than 12&nbsp;months after the earliest
date on which any member of the Board of Directors of your employer,
not a party to the act or omission, knew or should have known of such
act or omission.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;4. Eligibility to Participate.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>A.&nbsp;General Rules</B>. You will generally be eligible to participate and to receive benefits under
the Plan if you meet all of the following requirements:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1. </B>you are a regular full-time employee of the Company in Salary Grades SMP, M4J, M5K,
M6K or M7M; provided that employees who are classified by the Plan sponsor for payroll and
tax withholding purposes as independent contractors or who are classified by the Plan
sponsor as temporary agency employees and treated as payroll employees of the temporary
agency, for such time as they are so classified, regardless of any determination by a court
or agency that they are common law employees of the plan sponsor are not regular full-time
employees for purposes of the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2. </B>you are notified in writing on any date starting on January&nbsp;1, 2008 and ending on
December&nbsp;31, 2009 that you are subject to an Involuntary Termination and that you may
participate in the Plan;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3. </B>you have returned to the Company all company documents created or received by you
during your employment (electronic and paper) with the exception
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">only of your personal copies of documents evidencing your hire, termination,
compensation, benefits and stock options, and any other documents you have received as a
shareholder of the Company;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4. </B>you have returned to the Company all items of property provided to you for your use
during employment with the Company including, but not limited to, computers (laptops or
otherwise), software, modems, routers, cell phones, all peripherals, building access/ID
cards, keys and passes, and credit and calling cards issued to you;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5. </B>you execute the General Release of All Claims, a copy of which is attached as
Exhibit&nbsp;A, within five (5)&nbsp;days after the effective date of the termination of your
employment (&#147;<B>Termination Date</B>&#148;) if you are under age forty (40), or you execute the General
Release of All Claims, a copy of which is attached as Exhibit&nbsp;B, within forty-five (45)&nbsp;days
(or, if the offer of benefits hereunder is made to only one employee, twenty-one (21)&nbsp;days)
after the Termination Date if you are age forty (40)&nbsp;or over and you do not rescind or
revoke the General Release of All Claims (such General Releases of All Claims hereinafter
referred to as the &#147;<B>General Release</B>&#148;); and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6. </B>none of the exceptions listed below applies to you.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>B.&nbsp;Exceptions</B>. In addition to all of the other criteria that may be discussed elsewhere in
this Plan that render you ineligible for severance benefits, you will <U>not</U> be eligible for
severance benefits under this Plan if:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1. </B>any of the exceptions set forth in Section&nbsp;3.A.(1) through (3), inclusive, applies
to you;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2. </B>you voluntarily terminate employment, unless such voluntary termination occurs after
you receive notice of Involuntary Termination which would otherwise qualify you for benefits
and the Plan Administrator determines, in its sole discretion, that your earlier voluntary
termination is in the best interests of the Company;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3. </B>you are a temporary or seasonal employee or work for the Company solely as a leased
employee, independent contractor, consultant or agent or you are otherwise classified as
such by the Company (whether or not such classification is upheld upon governmental or
judicial review);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4. </B>any other separation, severance or salary continuation arrangement, program or plan
applies to you and is in effect on your Termination Date; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5. </B>you will have been classified as an employee in Salary Grade SMP, M4J, M5K, M6K or
M7M for less than one (1)&nbsp;year as of the date that you are notified of the Involuntary
Termination of your employment.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;5. Severance Benefits</B>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>A.&nbsp;Time of Payment and Form of Benefit</B>. If you are eligible for severance benefits under the
Plan, you will receive these benefits in the form of a single lump sum payment (unless the Plan
Administrator determines, in its sole discretion, to pay such benefits in installments). All
payments under the Plan are subject to applicable withholdings. Severance benefits will be paid as
soon as administratively feasible after your termination of employment with the Company upon the
occurrence of all of the following events:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1. </B>the Involuntary Termination of your employment;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2. </B>the Company&#146;s receipt of your executed General Release; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3. </B>the expiration of any rescission or revocation period applicable to your executed
General Release.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any other provision of the Plan, all payments under the Plan will be completed
by March&nbsp;15 of the calendar year following the year in which the Involuntary Termination occurs,
and will in no event be deferred to a later calendar year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>B.&nbsp;Amount of Severance Pay</B>. If you do not sign the General Release or if you sign the General
Release and revoke or rescind it, you will not be eligible to receive any benefits under the Plan
pursuant to Section&nbsp;4.A.5. If you are eligible to receive benefits under the Plan, including but
not limited to signing the General Release and, if applicable, not rescinding or revoking it, the
amount of your severance benefit will generally be determined in accordance with the guidelines set
forth below, measured as of the Termination Date:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1. </B>You will receive: (a)&nbsp;an amount equal to your annualized Salary if you are an
employee in Salary Grade M7M; or (b)&nbsp;an amount equal to your semi-annualized Salary if you
are an employee in Salary Grade SMP, M4J, M5K or M6K;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2. </B>If you are a commissioned sales employee, you will receive a payment in addition to
the benefits to which you are entitled under Section&nbsp;5.B.1. This payment will be equal to
the average amount of commissions that you earned in one calendar day multiplied by: (a)
three hundred and sixty-five (365)&nbsp;calendar days if you are a commissioned sales employee in
Salary Grade M7M; or (b)&nbsp;one hundred and eighty (180)&nbsp;calendar days if you are a
commissioned sales employee in Salary Grade SMP, M4J, M5K or M6K. The &#147;average amount of
commissions that you earned in one calendar day&#148; will be determined by averaging the
commissions that you actually earned in the final three calendar months of your employment
with the Company pursuant to your applicable commission plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3. &#147;Salary&#148; </B>generally means your annual base salary determined as of the Termination
Date and generally does not include, for example, bonuses, overtime compensation, incentive
pay, shift premiums or differentials, compensation associated with employee stock options or
stock purchase plans, reimbursements, or expense allowances. &#147;Your annualized Salary&#148; means
the base salary you would have earned during the three hundred and sixty-five (365)&nbsp;calendar
days immediately following the
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Termination Date. &#147;Your semi-annualized Salary&#148; means the base salary you would have
earned during the one hundred and eighty (180)&nbsp;calendar days immediately following the
Termination Date
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4. </B>Notwithstanding any other provision of this Plan to the contrary, if the Federal
Worker Adjustment and Retraining Notification Act or any similar state law (&#147;<B>WARN Laws</B>&#148;)
requiring a notice period prior to the termination of your employment applies to such
termination and you are eligible to receive benefits under the Plan, you will be entitled to
receive benefits pursuant to Section&nbsp;5.B.1. and, if applicable, 5.B.2; provided, however,
that those benefits will be reduced by an amount equal to the amount of compensation that
the Company provided you during any notice period required by the applicable WARN Laws and
that, if the amount of benefits payable after such reduction is equal to $0 or less, you
will not be entitled to receive any benefits under this Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>C.&nbsp;Other Severance Agreements</B>. The Plan Administrator may, as it deems appropriate and in its
sole discretion, authorize severance benefits in an amount different from the guideline amount.
Under certain circumstances, the Plan Administrator may, in its sole discretion, waive or modify,
with respect to one or more classes of employees, the eligibility requirements for severance
benefits or modify the method of calculating their severance benefits.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>D.&nbsp;Vacation Pay</B>. You will also receive a lump sum payment for all your accrued and unused
vacation through the Termination Date in a separate paycheck.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>E.&nbsp;Reemployment</B>. You will have no right of re-employment with the Company or any successor in
interest of the Company (&#147;<B>Affiliated Entity</B>&#148;). However, in the event you are re-employed by the
Company or an Affiliated Entity during the period following the Termination Date that is equal to
the number of days for which you will receive Salary under Section&nbsp;5.B.1, you will be required to
repay to the Company or its Affililated Entity, as appropriate, an amount equal to the Salary that
you received pursuant to Section&nbsp;5.B.1 and, if applicable, Section&nbsp;5.B.2.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;6. COBRA Continuation Coverage</B>. Your existing coverage under the Company&#146;s group health
plan (and, if applicable, the existing group health coverage for your eligible dependents) will end
on the last day of the month in which your employment terminates. You and your eligible dependents
may then be eligible to elect temporary continuation coverage under the Company&#146;s group health plan
in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
(&#147;COBRA&#148;). You and your eligible dependents will be provided with a COBRA election form and notice
which describe your rights to continuation coverage under COBRA. If you are eligible for severance
benefits under the Plan at the time of your termination of employment (including but not limited to
signing the General Release and, if applicable, not rescinding or revoking it) and you timely elect
COBRA continuation coverage, then the Company will pay for COBRA coverage for you and, if
applicable, your eligible dependents (such payments shall not include COBRA coverage with respect
to the Company&#146;s Section&nbsp;125 health care reimbursement plan) for twelve (12)&nbsp;months if you are an
employee in Salary Grade M7M or for six (6)&nbsp;months if you are an employee in Salary Grade SMP, M4J,
M5K or M6K; provided, however, that such coverage will not be provided to you or your dependents if
you are entitled to COBRA coverage pursuant to any other agreements, arrangements, programs or
plans. After such period of Company-paid COBRA coverage, you
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(and, if applicable, your eligible dependents) may continue COBRA coverage at your own expense in
accordance with COBRA. No provision of this Plan will affect the continuation coverage rules under
COBRA. Therefore, the period during which you must elect to continue the Company&#146;s group health
plan coverage under COBRA, the length of time during which COBRA coverage will be made available to
you, and all your other rights and obligations under COBRA will be applied in the same manner that
such rules would apply in the absence of this Plan. Any such election is your responsibility, not
the Company&#146;s.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, the Company shall provide, at no cost to you, continued eligibility for you and your
eligible dependents in the Company&#146;s Employee Assistance Program for twelve (12)&nbsp;months if you are
an employee in Salary Grade M7M or for six (6)&nbsp;months if you are an employee in Salary Grade SMP,
M4J, M5K or M6K; provided that you are eligible for severance benefits under the Plan (including
but not limited to signing the General Release and, if applicable, not rescinding or revoking it).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;7. Other Employee Benefits</B>. All non-health benefits (such as life insurance and disability
coverage) terminate as of the Termination Date (except to the extent that any conversion privilege
is available thereunder). This Plan does not affect any vested benefits you may have under stock
option, stock purchase, or 401(k) plans of the Company; your rights, if any, under these plans,
including any rights you may have to exercise vested option shares, continue as set forth in the
documents governing such plans.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;8. Plan Administration</B>. As the Plan Administrator, the Company has full discretionary
authority to administer and interpret the Plan, including discretionary authority to determine
eligibility for participation and for benefits under the Plan, the amount of benefits (if any)
payable per participant, and to interpret ambiguous terms. The Plan Administrator may delegate any
or all of its administrative duties to personnel of the Company. Any such delegation will carry
with it the full discretionary authority of the Plan Administrator to carry out the delegated
duties. The Company, as the Plan Administrator, will indemnify and hold harmless any person to
whom it delegates its responsibilities; provided, however, such person does not act with gross
negligence or willful misconduct. All determinations by the Plan Administrator or its delegate
will be final and conclusive upon all persons.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;9. Benefits</B>. All benefits will be paid from the general assets of the Company. The
Company will not establish a trust to fund the benefits which may become due and payable under the
Plan. The benefits provided under the Plan are not assignable and may be conditioned upon your
compliance with any confidentiality agreement you have entered into with the Company or upon your
compliance with any Company policy or program.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;10. Claims Procedure</B>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>A.&nbsp;Initial Benefit Claim Procedure</B>.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Benefits under this Plan will be calculated and paid automatically to eligible participants. If,
however, you believe that you were not paid the benefits due and owing to you, you may file a claim
with the Administrator. The claim must be in writing and state the basis on which you claim
additional benefits. No claim for Plan benefits shall be valid unless it is submitted in
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">writing to the Administrator within sixty (60)&nbsp;days following the receipt or denial of the disputed
benefit. Employees who are denied Plan benefits at the termination of their employment and who
feel they are entitled to Plan benefits must file a claim for Plan benefits within sixty (60)&nbsp;days
following their Termination Date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If your claim for benefits under the Plan is denied in whole or in part, you will be notified by
the Administrator in writing or electronically within ninety (90)&nbsp;days after the date the claim is
delivered to the Administrator. Any electronic notification shall comply with Department of Labor
regulations regarding such matters. If the Administrator determines that special circumstances
require an extension of time for processing the claim, you will be given written notice of the
extension prior to the expiration of the initial ninety (90)&nbsp;day period. The extension notice
shall indicate the special circumstances requiring an extension of time and the date by which the
Plan expects to decide the claim. In no event shall such extension exceed a period of ninety (90)
days from the end of the initial period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The notification for denied benefits claims will be written in understandable language and will
state: (i)&nbsp;the specific reasons for denial of the claim, (ii)&nbsp;specific references to Plan
provisions on which the denial is based, (iii)&nbsp;a description (if appropriate) of any additional
material or information necessary for you to perfect the claim, and (iv)&nbsp;an explanation of the
Plan&#146;s review procedure and the time limits applicable to such procedures and a statement of your
rights to bring a civil action under Section 502(a) of ERISA if your claim for benefits is denied
on appeal.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>B.&nbsp;Review of Denied Claims</B>.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Within sixty (60)&nbsp;days after a claim has been denied, in whole or in part, if you wish to pursue
your claim further, you (or your authorized representative) may request a review by submitting to
the Administrator a written statement: (a)&nbsp;requesting a review of the denial of the claim; (b)
setting forth all of the grounds upon which the request for review is based and any facts in
support thereof; and (c)&nbsp;setting forth any issues or comments which you deem relevant to the claim.
You may, in addition to written comments, submit documents, records, and other information
relating to the claim for benefits. You will be provided, upon request and free of charge,
reasonable access to, and copies of, all documents, records and other information relevant to the
claim for benefits (other than legally privileged documents). A document, record or other
information shall be considered &#147;relevant&#148; to the claim if the document, record or other
information (i)&nbsp;was relied upon in making the benefit determination; (ii)&nbsp;was submitted, considered
or generated in the course of making the benefit determination, without regard to whether it was
relied upon in making the benefit determination; or (iii)&nbsp;if it demonstrates the Administrator&#146;s
compliance with administrative processes and safeguards.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Administrator shall make a decision on review within sixty (60)&nbsp;days after the receipt of your
request for review by the Plan, unless the Administrator determines that special circumstances
(such as the need to hold a hearing) require an extension of time for processing the claim. If the
Administrator determines that an extension of time for processing is required, written notice of
the extension shall be furnished to you prior to the termination of the initial sixty (60)&nbsp;day
period. In no event shall such extension exceed a period of sixty (60)&nbsp;days from the end of the
initial period. The extension notice shall indicate the special circumstances
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">requiring an extension of time and the date by which the Plan expects to make its determination on
review.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Administrator will provide you with written or electronic notification of the Plan&#146;s benefit
determination on review. An adverse benefit determination shall set forth (i)&nbsp;the specific
reason(s) for the adverse determination; (ii)&nbsp;reference to the specific Plan provisions on which
the benefit determination is based; (iii)&nbsp;a statement that you are entitled to receive, upon
request and free of charge, reasonable access to, and copies of all documents, records and other
information relevant to your claim for benefits; and (iv)&nbsp;a statement of your rights to bring a
civil action under Section 502(a) of ERISA.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">No legal action for benefits under this Plan may be brought until this claims procedure has been
exhausted, both initially and on appeal. No legal action may be commenced or maintained against
the Plan or the Company more than one year after the claims procedure is fully exhausted.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;11. Plan Terms; Effect on Prior Plans</B>. With the exception of any Change in Control
Agreement that you may have with the Company, the Plan supersedes any and all prior separation,
severance and salary continuation offers, arrangements, programs and plans which were previously
offered to you by the Company or any employee of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;12. Plan Amendment or Termination</B>. The Company reserves the right to terminate or amend
the Plan at any time and in any manner. Any action amending or terminating the Plan shall be in
writing and executed by the Chief Financial Officer, Senior Vice President or other senior
executive in charge of Organizational Transformation or Human Resources. The provisions of the
Plan are intended to serve as mere guidelines for the payment of severance benefits under certain
prescribed circumstances and are not intended to provide any employee with a vested right to
severance benefits. Accordingly, any termination or amendment of the Plan may be made effective
immediately with respect to any benefits not yet paid, whether or not prior notice of such
amendment or termination has been given to affected employees. This Plan terminates by its own
terms when all benefits hereunder have been paid.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;13. Taxes</B>. The Company will withhold taxes and all other applicable payroll deductions
from any payment of severance benefits. Notwithstanding any other provision of this Plan, any
payment hereunder that is subject to IRC Section&nbsp;409A(a)(2)(B)(i) shall not be made before the date
that is six months after the date of separation from service or, if earlier, the date of death. To
the extent that this Plan or any plan, program or award of the Company is subject to Section&nbsp;409A,
the terms and conditions of this Plan and such other plan, program or award shall be construed and
interpreted to the maximum extent reasonably possible, without altering the fundamental intent of
the plan, program or award, to avoid the imputation of any tax, penalty or interest under Section
409A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;14. No Right to Employment</B>. No provision of the Plan is intended to provide you or any
other employee with any right to continue employment with the Company or any Affiliated Entity or
otherwise affect the right of the Company or any such Affiliated Entity, which right is hereby
expressly reserved, to terminate the employment of any individual at any time for any reason, with
or without cause.
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;15. Statement of ERISA Rights</B>. As a participant in the Plan, you are entitled to certain
rights and protections under the ERISA. ERISA provides that all Plan participants shall be
entitled to:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Examine, without charge, at the Plan Administrator&#146;s office and at other
specified locations such as worksites, all Plan documents, including all documents
filed by the Plan with the U.S. Department of Labor, such as plan descriptions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Obtain copies of all Plan documents and other Plan information upon written
request to the Plan Administrator. The Plan Administrator may make a reasonable charge
for the copies.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition to creating rights for certain employees of the Company under the Plan, ERISA imposes
duties upon the people who are responsible for the operation of the employee welfare benefit plan.
The people who operate the Plan (called &#147;fiduciaries&#148;) have a duty to do so prudently and in the
interest of the Company&#146;s employees who are covered by the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">No one, including your employer or any other person, may fire you or otherwise discriminate against
you in any way to prevent you from obtaining a welfare benefit to which you are entitled under the
Plan or from exercising your rights under ERISA.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If your claim for a welfare (severance)&nbsp;benefit is denied in whole or in part, you must receive a
written explanation of the reason for the denial. You have the right to have the Plan review and
reconsider your claim, all within certain time schedules. Under ERISA, there are steps you can
take to enforce the above rights. For instance, if you request materials from the Plan and do not
receive them within thirty (30)&nbsp;days, you may file suit in a federal court. In such a case, the
court may require the Plan Administrator to provide the materials and pay you up to $110 a day
until you receive the materials, unless the materials were not sent because of reasons beyond the
control of the Plan Administrator. If you have a claim for a severance benefit which is denied or
ignored, in whole or in part, you may file suit in a federal or a state court. If it should happen
that the Plan fiduciaries misuse the Plan&#146;s money (if any) or if you are discriminated against for
asserting your rights, you may seek assistance from the U.S. Department of Labor or you may file
suit in a federal court. The court will decide who should pay court costs and legal fees. If you
are successful in your lawsuit, the court may order the party you have sued to pay your legal
costs, including attorney fees. However, if you lose, the court may order you to pay these costs
and fees, for example, if it finds that your claim or suit is frivolous.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If you have any questions about the Plan, you should contact the Plan Administrator. If you have
any questions about this statement or about your rights under ERISA, you should contact the nearest
office of the Pension and Welfare Benefits Administration, U.S. Department of Labor, listed in your
telephone directory or the Division of Technical Assistance and Inquiries, Employee Benefits
Security Administration, U.S. Department of Labor, 200 Constitution Avenue N.W., Washington, D.C.
20210. You may also obtain certain publications about your rights and responsibilities under ERISA
by calling the publications hotline of the pension and Welfare Benefits Administration.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Section&nbsp;16. Execution</B>. Covad Communications Group, Inc. has caused its duly authorized officer to
execute this Plan on this 7th day of September to be effective on January&nbsp;1, 2008.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>COVAD COMMUNICATIONS GROUP, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Charles Hoffman
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Charles Hoffman&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ADDITIONAL PLAN INFORMATION</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="74%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Name of Plan:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Covad Communications Group, Inc. Executive Severance Plan</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Company Sponsoring Plan:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Covad Communications Group, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 Rio Robles</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">San Jose, California 95134</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Employer Identification Number:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">94-3255161</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Plan Number:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">550</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Plan Year:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The calendar year.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Plan Administrator:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Covad Communications Group, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">c/o Deborah Perry, Senior Vice President,</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Organizational Transformation</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">110 Rio Robles</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">San Jose, California 95134</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Phone: (408) 952-6400</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Direct Inquiries to:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Lesley Ngai, HR Specialist</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(408) 952-6400</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Agent for Service of Legal
Process:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Plan Administrator</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Type of Plan:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Severance Plan/Employee Welfare Benefit Plan</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Plan Costs:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The cost of the Plan is paid by Covad Communications</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Group, Inc. and/or its subsidiaries</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;A
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>GENERAL RELEASE OF ALL CLAIMS</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I,&nbsp;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;
&#091;employee name&#093;, hereby make on behalf of myself, my heirs, executors,
administrators, successors, and assigns, the following agreements and acknowledgements in
consideration of the payments and
benefits&nbsp;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95; &#091;amount of benefit&#093; to be received by me under the Covad
Communications Group, Inc. Executive Severance Plan (the &#147;Plan&#148;):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>I. Release and Waiver of All Claims</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>A.&nbsp;</B>I hereby agree that I fully and forever discharge, waive and release any and all claims and
causes of action of any kind that I may have had or now have against Covad Communications Company,
and any of its affiliates, predecessors, successors, parents, subsidiaries or assigns and any of
their respective officers, directors, agents, employees, and representatives (collectively, the
&#147;<B>Company</B>&#148; or &#147;<B>Covad</B>&#148;) arising out of or relating in any way to my employment with the Company and
the termination thereof, including but not limited to: (1)&nbsp;claims of wrongful discharge, breach of
contract, breach of the covenant of good faith and fair dealing, violation of public policy,
defamation, personal injury, infliction of emotional distress, negligence, fraud, and retaliation;
(2)&nbsp;claims under Title VII of the 1964 Civil Rights Act, as amended, the Equal Pay Act of 1963, 42
U.S.C. &#167; 1981, the Americans with Disabilities Act, the Civil Rights Act of 1866, the Employee
Retirement Income Security Act of 1974, as amended, Workers Adjustment and Retraining Notification
Act and any other federal laws and regulations relating to employment; (3)&nbsp;any laws and regulations
of California and its local governments relating to employment including but not limited to the
California Fair Employment and Housing Act, the California Labor Code including Section&nbsp;1197.5
thereof, and the California Family Rights Act; and (4)&nbsp;any analogous laws and regulations of any
state other than California and the local governments of each such state; and excluding any claims
I may have for unemployment and workers&#146; compensation insurance benefits.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>B.&nbsp;</B>I hereby agree that I fully and forever waive any and all rights and benefits conferred
upon me by the provisions of Section&nbsp;1542 of the Civil Code of the State of California, which
states as follows: &#147;&#091;a&#093; general release does not extend to claims which the creditor &#091;i.e.,
employee&#093; does not know or suspect to exist in his favor at the time of executing the release,
which if known by him must have materially affected his settlement with the debtor &#091;i.e., the
Company&#093;,&#148; and by any analogous law of any state other than California.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>C.&nbsp;</B>I understand that various lawsuits have been brought against the Company alleging fraud
and/or other legal violations relating to transactions in the Company&#146;s securities, and that some
of those cases have been brought as purported class actions on behalf of various classes of persons
who acquired such securities. I have made my own determination as to whether I wish to consult
with the law firms purporting to represent such classes, and as to whether I am eligible to and
wish to pursue claims against the Company in connection with such cases. I understand
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">that by signing this Agreement I will be precluded from pursuing such claims, and will be waiving
any rights I might otherwise have had as a result of such lawsuits.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I agree and understand that if, hereafter, I discover facts different from or in addition to
those which I now know or believe to be true, that the waivers of this General Release of All
Claims (&#147;<B>General Release</B>&#148;) shall be and remain effective in all respects notwithstanding such
different or additional facts or the discovery thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>II. Confidential Information &#038; Company Employees</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby agree and understand that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;I am required to return to the Company immediately upon my termination of employment all
Company Information, including but not limited to notebooks, notes, manuals, memoranda, records,
diagrams, blueprints, bulletins, formulas, reports, computer programs, or other data or
memorializations of any kind, as well as any Company property or equipment, that I have in my
possession or under my control. I further agree and understand that I am not entitled or
authorized to keep any portions, summaries or copies of Company Information, and that I am under a
continuing obligation to keep all Company Information confidential and not to disclose it to any
third party in the future. I understand that the term &#147;<B>Company Information</B>&#148; includes, but is not
limited to, the following:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Trade secret, information, matter or thing of a confidential, private or secret
nature, connected with the actual or anticipated products, research, development or business
of the Company or its customers, including information received from third parties under
confidential conditions; and</TD>
</TR>
<tr style="font-size: 6pt"><td>&nbsp;</td></tr>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Other technical, scientific, marketing, business, product development or financial
information, the use or disclosure of which might reasonably be determined to be contrary to
the interests of the Company.</TD>
</TR>

</table>
</div>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;I am prohibited for a period of one (1)&nbsp;year after the termination of my employment, from
soliciting for employment, whether as an employee, independent contractor, or agent, any Company
employee; and for that same time period I am prohibited from encouraging or otherwise enticing any
Company employee to terminate his or her employment with the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;The promises and agreements of this Section&nbsp;II. are a material inducement to the Company to
provide me with the payments and benefits under the Plan and that, for the breach thereof, the
Company will be entitled to pursue its legal and equitable remedies against me, including, without
limitation, the right to immediately cease payments made pursuant to the Plan and/or seek
injunctive relief; <I>provided, however</I>, this General Release will remain in full force and effect.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>III. Entire Agreement</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I agree and understand that this General Release contains the entire agreement between the
Company and me with respect to any matters referred to in the General Release, and supersedes any
and all previous oral or written agreements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>IV. No Admission</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I agree and understand that neither the fact nor any aspect of this General Release is
intended, should be deemed, or should be construed at any time to be any admission of liability or
wrongdoing by either myself or the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>V. Severability</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I agree and understand that if any provision, or portion of a provision, of this General
Release is, for any reason, held to be unenforceable, that such unenforceability will not affect
any other provision, or portion of a provision, of this General Release and this General Release
shall be construed as if such unenforceable provision or portion had never been contained herein.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>VI. Dispute Resolution</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby agree and understand that any and all disputes regarding any alleged breach of this
General Release shall be settled by final and binding arbitration before a single, neutral
arbitrator in the County of Santa Clara, California, or in the County where I reside at the time
the dispute arises, at my option, in accordance with the National Rules for the Resolution of
Employment Disputes of the American Arbitration Association, or its successor, and judgment upon
the award rendered may be entered in any court with jurisdiction. I understand that this
arbitration clause applies to all claims, including claims under federal or state employment or
civil rights laws (other than claims for workers&#146; compensation or unemployment insurance benefits).
Unless another limitations period is expressly mandated by statute, to be timely, any dispute must
be referred to arbitration within twelve (12)&nbsp;months of the incident or complaint giving rise to
the dispute. Disputes not referred to arbitration within such twelve (12)&nbsp;month period shall be
deemed waived, and the arbitrator shall deny any untimely claims. I understand that the parties
shall be entitled to discovery sufficient to adequately arbitrate their claims, including access to
essential documents and witnesses, as determined by the arbitrator. In reaching a decision, the
arbitrator shall adhere to relevant law and applicable precedent, and shall have no power to vary
therefrom. The arbitrator shall issue a written decision making specific findings of fact and
stating conclusions of law. I understand that each party retains the right to file, in a court of
competent jurisdiction, an application for provisional injunctive and/or equitable relief in
connection with a claim relating to this General Release, and shall not be required to post a bond
or other security in seeking such relief unless specifically required by law. Although a court may
grant provisional remedies, the arbitrator shall at all times retain the power to grant permanent
injunctive relief, or any other final remedy. I understand that the Company will pay the costs of
arbitration in excess of the costs I would incur to bring such claim in a civil court.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>VII. Time to Consider and Sign General Release</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I understand that I may have five (5)&nbsp;days after receipt of this General Release within which
I may review and consider, discuss with an attorney of my own choosing and at my own expense, and
decide whether or not to sign this General Release. I understand that, if I do not sign the
General Release within this five-day period, this General Release will not become effective and no
payments and benefits under the Plan will be provided to me.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>VIII. Effective Date</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I understand that this General Release becomes effective immediately upon signing it.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>IX. Miscellaneous Acknowledgements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>A.&nbsp;</B>I hereby acknowledge that I understand that, but for my signing of this General Release, I
would not be entitled to nor would I be provided with any of the payments and benefits under the
Plan. I understand that no payments and benefits will be provided to me until this General Release
becomes effective. I understand further that, even if I did not sign this General Release, I would
still be entitled to:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1. </B>All wages, including any paid vacation, less applicable deductions, earned by me
through my termination date; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2. </B>The opportunity, if I am eligible, to elect, at my sole expense, to continue to
participate in (and, if applicable, my dependents are eligible to elect to continue their
participation in) the group health insurance plans provided by the Company pursuant to the
terms and conditions of the Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended (&#147;<B>COBRA</B>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>B.&nbsp;</B>I hereby acknowledge that any agreement that I signed in connection with my employment with
the Company regarding employee inventions, authorship, proprietary and confidential information
shall remain in full force and effect following the termination of my employment.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>EMPLOYEE&#146;S ACCEPTANCE OF GENERAL RELEASE</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BEFORE SIGNING MY NAME TO THIS GENERAL RELEASE, I STATE THAT: I HAVE READ IT; I UNDERSTAND IT AND
KNOW THAT I AM GIVING UP IMPORTANT RIGHTS; I AM AWARE OF MY RIGHT TO CONSULT WITH AN ATTORNEY
BEFORE SIGNING IT; AND I HAVE SIGNED IT KNOWINGLY AND VOLUNTARILY.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date delivered to employee &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;, 200_
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Signed this &#95;&#95;&#95;&#95;&#95;&#95;&#95;day of &#95;&#95;&#95;&#95;&#95;&#95;&#95;, 200_
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="center">Employee&#146;s Signature&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="center">Employee&#146;s Name (Printed)&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copies of the signed release or revocation letter should be mailed or faxed to:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 10%; margin-top: 6pt">Lesley Ngai<BR>
Covad Communications Company<BR>
Human Resources Dept.<BR>
110 Rio Robles<BR>
San Jose, California 95134<BR>
Fax: (408)&nbsp;952-7404
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Exhibit&nbsp;B<BR>
<B>GENERAL RELEASE OF ALL CLAIMS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I,&nbsp;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;
&#091;employee name&#093;, hereby make on behalf of myself, my heirs, executors,
administrators, successors, and assigns, the following agreements and acknowledgements in
consideration of the payments and
benefits&nbsp;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95; &#091;amount of benefit&#093; to be received by me under the Covad
Communications Group, Inc. Executive Severance Plan (the &#147;Plan&#148;):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>I. Release and Waiver of All Claims</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>A.&nbsp;</B>I hereby agree that I fully and forever discharge, waive and release any and all claims and
causes of action of any kind that I may have had or now have against Covad Communications Company,
and any of its affiliates, predecessors, successors, parents, subsidiaries or assigns and any of
their respective officers, directors, agents, employees, and representatives (collectively, the
&#147;<B>Company</B>&#148; or &#147;<B>Covad</B>&#148;) arising out of or relating in any way to my employment with the Company and
the termination thereof, including but not limited to: (1)&nbsp;claims of wrongful discharge, breach of
contract, breach of the covenant of good faith and fair dealing, violation of public policy,
defamation, personal injury, infliction of emotional distress, negligence, fraud, and retaliation;
(2)&nbsp;claims under the Age Discrimination in Employment Act of 1967, as amended, Title VII of the
1964 Civil Rights Act, as amended, the Equal Pay Act of 1963, 42 U.S.C. &#167; 1981, the Americans with
Disabilities Act, the Civil Rights Act of 1866, the Employee Retirement Income Security Act of
1974, as amended, Workers Adjustment and Retraining Notification Act and any other federal laws and
regulations relating to employment; (3)&nbsp;any laws and regulations of California and its local
governments relating to employment including but not limited to the California Fair Employment and
Housing Act, the California Labor Code including Section&nbsp;1197.5 thereof, and the California Family
Rights Act; and (4)&nbsp;any analogous laws and regulations of any state other than California and the
local governments of each such state; and excluding any claims I may have for unemployment and
workers&#146; compensation insurance benefits.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>B.&nbsp;</B>I hereby agree that I fully and forever waive any and all rights and benefits conferred
upon me by the provisions of Section&nbsp;1542 of the Civil Code of the State of California, which
states as follows: &#147;&#091;a&#093; general release does not extend to claims which the creditor &#091;i.e.,
employee&#093; does not know or suspect to exist in his favor at the time of executing the release,
which if known by him must have materially affected his settlement with the debtor &#091;i.e., the
Company&#093;,&#148; and by any analogous law of any state other than California.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>C.&nbsp;</B>I understand that various lawsuits have been brought against the Company alleging fraud
and/or other legal violations relating to transactions in the Company&#146;s securities, and that some
of those cases have been brought as purported class actions on behalf of various classes of persons
who acquired such securities. I have made my own determination as to whether I wish to consult
with the law firms purporting to represent such classes, and as to whether I am eligible to and
wish to pursue claims against the Company in connection with such cases. I understand that by
signing this Agreement I will be precluded from pursuing such claims, and will be waiving any
rights I might otherwise have had as a result of such lawsuits.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I agree and understand that if, hereafter, I discover facts different from or in addition to
those which I now know or believe to be true, that the waivers of this General Release of All
Claims (&#147;<B>General Release</B>&#148;) shall be and remain effective in all respects notwithstanding such
different or additional facts or the discovery thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>II. Confidential Information &#038; Company Employees</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby agree and understand that:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>A.&nbsp;</B>I am required to return to the Company immediately upon my termination of employment all
Company Information, including but not limited to notebooks, notes, manuals, memoranda, records,
diagrams, blueprints, bulletins, formulas, reports, computer programs, or other data or
memorializations of any kind, as well as any Company property or equipment, that I have in my
possession or under my control. I further agree and understand that I am not entitled or
authorized to keep any portions, summaries or copies of Company Information, and that I am under a
continuing obligation to keep all Company Information confidential and not to disclose it to any
third party in the future. I understand that the term &#147;<B>Company Information</B>&#148; includes, but is not
limited to, the following:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Trade secret, information, matter or thing of a confidential, private or secret
nature, connected with the actual or anticipated products, research, development or business
of the Company or its customers, including information received from third parties under
confidential conditions; and</TD>
</TR>
<tr style="font-size: 6pt"><td>&nbsp;</td></tr>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Other technical, scientific, marketing, business, product development or financial
information, the use or disclosure of which might reasonably be determined to be contrary to
the interests of the Company.</TD>
</TR>

</table>
</div>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>B.&nbsp;</B>I am prohibited for a period of one (1)&nbsp;year after the termination of my employment, from
soliciting for employment, whether as an employee, independent contractor, or agent, any Company
employee; and for that same time period I am prohibited from encouraging or otherwise enticing any
Company employee to terminate his or her employment with the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>C.&nbsp;</B>The promises and agreements of this Section&nbsp;II. are a material inducement to the Company to
provide me with the payments and benefits under the Plan and that, for the breach thereof, the
Company will be entitled to pursue its legal and equitable remedies against me, including, without
limitation, the right to immediately cease payments made pursuant to the Plan and/or seek
injunctive relief; <I>provided, however</I>, this General Release will remain in full force and effect.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>III. Entire Agreement</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I agree and understand that this General Release contains the entire agreement between the
Company and me with respect to any matters referred to in the General Release, and supersedes any
and all previous oral or written agreements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>IV. No Admission</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I agree and understand that neither the fact nor any aspect of this General Release is
intended, should be deemed, or should be construed at any time to be any admission of liability or
wrongdoing by either myself or the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>V. Severability</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I agree and understand that if any provision, or portion of a provision, of this General
Release is, for any reason, held to be unenforceable, that such unenforceability will not affect
any other provision, or portion of a provision, of this General Release and this General Release
shall be construed as if such unenforceable provision or portion had never been contained herein.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>VI. Dispute Resolution</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby agree and understand that any and all disputes regarding any alleged breach of this
General Release shall be settled by final and binding arbitration before a single, neutral
arbitrator in the County of Santa Clara, California, or in the County where I reside at the time
the dispute arises, at my option, in accordance with the National Rules for the Resolution of
Employment Disputes of the American Arbitration Association, or its successor, and judgment upon
the award rendered may be entered in any court with jurisdiction. I understand that this
arbitration clause applies to all claims, including claims under federal or state employment or
civil rights laws (other than claims for workers&#146; compensation or unemployment insurance benefits).
Unless another limitations period is expressly mandated by statute, to be timely, any dispute must
be referred to arbitration within twelve (12)&nbsp;months of the incident or complaint giving rise to
the dispute. Disputes not referred to arbitration within such twelve (12)&nbsp;month period shall be
deemed waived, and the arbitrator shall deny any untimely claims. I understand that the parties
shall be entitled to discovery sufficient to adequately arbitrate their claims, including access to
essential documents and witnesses, as determined by the arbitrator. In reaching a decision, the
arbitrator shall adhere to relevant law and applicable precedent, and shall have no power to vary
therefrom. The arbitrator shall issue a written decision making specific findings of fact and
stating conclusions of law. I understand that each party retains the right to file, in a court of
competent jurisdiction, an application for provisional injunctive and/or equitable relief in
connection with a claim relating to this General Release, and shall not be required to post a bond
or other security in seeking such relief unless specifically required by law. Although a court may
grant provisional remedies, the arbitrator shall at all times retain the power to grant permanent
injunctive relief, or any other final remedy. I understand that the Company will pay the costs of
arbitration in excess of the costs I would incur to bring such claim in a civil court.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>VII. Waiver</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By signing this Agreement, I acknowledge that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I have carefully read, and understand, this Agreement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I have been given forty-five (45)&nbsp;days to consider my rights and
obligations under this Agreement and to consult with an attorney; provided,
however, that I am entitled to only twenty-one (21)&nbsp;days for this purpose if the
offer of benefits under the Plan is made to only one employee.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I have been provided a notice by the Company, as required by the
Older Workers Benefit Protection Act of 1990, that informed me about the
decisional units covered by the reduction in force program, the eligibility
factors for the reduction in force program, the factors used in selecting
employees for participation in the program, any time limits applicable to the
program, the job titles and ages of the employees in my decisional unit selected
for participation in the program and the job titles and ages of the employees in
the same decisional unit not selected for participation in the program; provided,
however, that I am not entitled to this notice if the offer of benefits under the
Plan is made to only one employee.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company advised me to consult with an attorney and/or any other
advisors of my choice before signing this Agreement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I understand that this Agreement is legally binding<FONT style="font-variant: SMALL-CAPS"> </FONT>and by
signing it I give up certain rights;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I have voluntarily chosen to enter into this Agreement and have not
been forced or pressured in any way to sign it;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I knowingly and voluntarily release<FONT style="font-variant: SMALL-CAPS"> </FONT>Company, including its
affiliates, predecessors, successors, parents, subsidiaries or assigns and any of
their respective officers, directors, agents, employees, and representatives from
any and all claims I may have, known or unknown, in exchange for the payments I
have obtained by signing this Agreement, and that these payments are in addition
to any payments I would have otherwise received if I did not sign this Agreement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">h.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The General Release in this Agreement includes a waiver and release
of all claims I may have under the Age Discrimination in Employment Act of 1967
(29 U.S.C. &#167; 621 et seq.); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">i.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Agreement does not waive any rights or claims that may arise
after this Agreement is signed and becomes effective, which is eight (8)&nbsp;days
after I sign it.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>VIII. Opportunity to Revoke and Effective Date</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I understand that this General Release will not become effective until expiration of the
seventh (7th) day after I sign it; <I>provided that </I>I do not revoke it during those seven (7)&nbsp;days,
and that for a period of seven (7)&nbsp;days after I sign this General Release, I may revoke it. I
agree and understand that if I decide to revoke this General Release after I sign it, I can do so
only by delivering a written notification of my revocation to the Company by no later than the
seventh (7th) day after I sign this General Release, as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 10%; margin-top: 6pt">Lesley Ngai<BR>
Covad Communications Company<BR>
Human Resources Dept.<BR>
110 Rio Robles<BR>
San Jose, California 95134<BR>
Fax: (408)&nbsp;952-7404
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>IX. Miscellaneous Acknowledgements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>A.&nbsp;</B>I hereby acknowledge that I understand that, but for my signing of this General Release and
failure to revoke it during seven (7)&nbsp;days thereafter, I would not be entitled to nor would I be
provided with any of the payments and benefits under the Plan. I understand that no payments and
benefits will be provided to me until this General Release becomes effective. I understand further
that, even if I did not sign this General Release or if I sign and then revoke it within seven (7)
days thereafter, I would still be entitled to:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1. </B>All wages, including any paid vacation, less applicable deductions, earned by me
through my termination date; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2. </B>The opportunity, if I am eligible, to elect, at my sole expense, to continue to
participate in (and, if applicable, my dependents are eligible to elect to continue their
participation in) the group health insurance plans provided by the Company pursuant to the
terms and conditions of the Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended (&#147;<B>COBRA</B>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>B.&nbsp;</B>I hereby acknowledge that any agreement that I signed in connection with my employment with
the Company regarding employee inventions, authorship, proprietary and confidential information
shall remain in full force and effect following the termination of my employment.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>EMPLOYEE&#146;S ACCEPTANCE OF GENERAL RELEASE</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BEFORE SIGNING MY NAME TO THIS GENERAL RELEASE, I STATE THAT: I HAVE READ IT; I UNDERSTAND IT AND
KNOW THAT I AM GIVING UP IMPORTANT RIGHTS; I AM AWARE OF MY RIGHT TO CONSULT WITH AN ATTORNEY
BEFORE SIGNING IT; AND I HAVE SIGNED IT KNOWINGLY AND VOLUNTARILY.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date delivered to employee &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;, 200_
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Signed this &#95;&#95;&#95;&#95;&#95;&#95;day of &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;, 200_
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="center">Employee&#146;s Signature&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="center">Employee&#146;s Name (Printed)&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copies of the signed release or revocation letter should be mailed or faxed to:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 10%; margin-top: 6pt">Lesley Ngai<BR>
Covad Communications Company<BR>
Human Resources Dept.<BR>
110 Rio Robles, San Jose, California 95134<BR>
Fax: (408)&nbsp;952-7404
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

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