Extension of Employment Agreement between AT&T Inc. and Edward E. Whitacre, Jr.
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Summary
AT&T Inc. and Edward E. Whitacre, Jr. have agreed to extend Mr. Whitacre's employment agreement until the company's annual stockholders meeting in 2008. All terms of the original agreement remain unchanged during this period. However, if Mr. Whitacre chooses to step down as CEO before the end of the term, his compensation will be renegotiated for the remainder of his employment. Both parties have acknowledged and accepted this extension in writing.
EX-10.1 3 y18291gexv10w1.htm EX-10.1: AGREEMENT EX-101.1
Exhibit 10.1
 | AT&T Inc. 175 E. Houston Street San Antonio. TX 78205 | |
March 4, 2006
Mr. Edward E. Whitacre, Jr.
Re: | Employment Agreement between AT&T Inc. (formerly known as SBC Communications Inc.) and Edward E. Whitacre, Jr., effective November 16, 2001 (the “Employment Agreement”) |
Dear Ed:
Reference is made to the above-captioned Employment Agreement between you and the Company, a copy of which is attached to this letter. This will confirm our agreement that the “Employment Agreement,” as defined in the Employment Agreement, is hereby extended until the regular annual meeting of AT&T Inc.’s stockholders to be held in 2008 without change to any of the terms of the Employment Agreement which will remain in full force and effect throughout the new Employment Term, provided, however, if you elect to relinquish your CEO responsibilities, the amount of your compensation will be subject to re-negotiation for the balance of your employment.
Please acknowledge your agreement to this extension of your Employment Agreement by signing a copy of this letter where indicated below.
Sincerely,
AT&T Inc.
AT&T Management Services, L.P.
AT&T Management Services, L.P.
By: | /s/ James A. Henderson of the Board of Directors |
Attachment
Agreed to: | /s/ Edward E. Whitacre, Jr. |
