Amendment Number Three to the West Corporation Nonqualified Deferred Compensation Plan
This amendment, effective July 30, 2014, modifies the West Corporation Nonqualified Deferred Compensation Plan. It allows participants to change their notional mutual fund investments more frequently than quarterly and gives the company up to 90 days, instead of 60, to complete distributions. The amendment is authorized by the company's board and signed by the Chief Financial Officer.
Exhibit 10.5
AMENDMENT NUMBER THREE
TO THE
WEST CORPORATION NONQUALIFIED DEFERRED COMPENSATION PLAN
WHEREAS, West Corporation, a Delaware corporation (the “Company”), maintains the West Corporation Nonqualified Deferred Compensation Plan, as amended and restated effective as of March 27, 2013 and amended by Amendment Number One dated as of April 24, 2013 and Amendment Number Two dated as of January 29, 2014 (the “Plan”);
WHEREAS, pursuant to Article VIII of the Plan, the Company has the authority to amend the Plan; and
WHEREAS, the Board has authorized an amendment of the Plan to facilitate participants making changes to notional investments in mutual funds more frequently than quarterly and to provide the Company with additional time to complete distributions in accordance with applicable law.
NOW, THEREFORE, the Plan is hereby amended, effective as of July 30, 2014, as follows:
1. The third sentence of Section 3.3 is hereby amended to delete the word “quarterly” prior to the word “by”.
2. The third sentence of Section 6.1 is hereby amended to replace the words “sixty (60) days” with the words “ninety (90) days”.
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IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its duly authorized agent as of July 30, 2014.
| WEST CORPORATION | ||
| By: | /s/ Paul M. Mendlik | |
| Name: | Paul M. Mendlik | |
| Title: | Chief Financial Officer | |
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