Amendment to Employment Agreement Between Verizon and Band 1 Senior Manager (Elimination of Section 280G Tax Gross-Up)
This amendment, effective December 31, 2009, modifies the employment agreement between Verizon and a Band 1 Senior Manager. It removes Paragraph 10, which previously addressed a Section 280G tax gross-up provision, and renumbers the remaining paragraphs. Additionally, Exhibit A is deleted and Exhibit B is renamed as Exhibit A. The amendment is intended to update the terms of the original employment agreement regarding tax-related provisions.
Exhibit 10e
FORM OF AMENDMENT TO BAND 1 SENIOR MANAGER EMPLOYMENT
AGREEMENT ELIMINATING SECTION 280G TAX GROSS UP PROVISION
The following amendments are effective December 31, 2009:
1. | Paragraph 10 is deleted in its entirety and the paragraphs that follow are renumbered accordingly. |
2. | Exhibit A is deleted in its entirety and Exhibit B is renamed as Exhibit A. |