FIRST AMENDMENT TO THE BELLSOUTH NON-EMPLOYEE DIRECTORS CHARITABLE CONTRIBUTION PROGRAM Effective January 27, 1997
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EX-10.BBB.I 31 ex10bbb_i.htm FIRST AMENDMENT TO THE NON-EMPLOYEE DIRECTORS CHARITABLE CONTRIBUTION PROGRAM, EFFECTIVE JANUARY 27, 1997 ex10bbb_i.htm
Exhibit 10-bbb(i)
FIRST AMENDMENT
TO THE
BELLSOUTH NON-EMPLOYEE DIRECTORS
CHARITABLE CONTRIBUTION PROGRAM
Effective January 27, 1997
THIS FIRST AMENDMENT is made to the Bellsouth Non-Employee Directors Charitable Contribution Program (the "Plan"). Mr. Codina recommended that the following resolutions be approved.
Whereupon, on motion, it was
RESOLVED: that the BellSouth Corporation Nonemployee Director Charitable Contribution Program is hereby terminated with respect to, and shall not be available to, members of the Board of Directors who are initially elected to the Board after January 27, 1997; and
FURTHER RESOLVED: that the Plan shall continue to be effective with respect to current members of the Board of Directors, and is hereby amended to provide that the payout by the Company shall be made in a lump sum at the time of the Director's retirement (or death, if earlier) and shall no longer be spread over five years.
