EX-10.58 COMPENSATION ARRANGEMENT/RALPH DE LA VEGA
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.58 4 g87379exv10w58.txt EX-10.58 COMPENSATION ARRANGEMENT/RALPH DE LA VEGA CINGULAR WIRELESS LLC EXHIBITS - Compensation arrangement with Ralph de la Vega. EXHIBIT 10.58 RALPH DE LA VEGA COMPENSATION PACKAGE POSITION: Chief Operating Officer EFFECTIVE DATE: December 31, 2003 SALARY: $500,000 2004 EXECUTIVE SHORT-TERM INCENTIVE AWARD TARGET: $500,000 2004 LONG-TERM TARGET: $2,250,000 Grants will be based on plan design as approved by the Cingular Board of Directors. Grant date: April 1, 2004 A component of the annual long term grant will be non-performance full value shares (e.g. restricted stock or equivalent) at least equal to the BellSouth Band A officers percentage RETENTION GRANT: $2,500,000 of restricted stock units (value mix of 60% SBC/40% BLS). Dividend equivalents paid quarterly. 3-year cliff vesting. Number of shares will be determined by the closing stock prices on December 31, 2003. PTO DAYS: 38 days
