Description of Cash Compensation

EX-10.W 7 dex10w.htm DESCRIPTION OF SALARY INCREASE FOR IVAN G. SEIDENBERG Description of salary increase for Ivan G. Seidenberg

EXHIBIT 10w

 

Description of Cash Compensation

 

As of January 1, 2005, Mr. Seidenberg’s salary increased to $2,100,000. On Janaury 20, 2005, the independent directors of the Verizon Board approved a 2004 Short-Term Incentive Award for Mr. Seidenberg of $3,375,000.