Amendment to Windstream Management Deferred Compensation Plan (December 29, 2006)
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Summary
Windstream Corporation amends its Management Deferred Compensation Plan to transfer all participant account balances, as adjusted through December 31, 2006, to the new Windstream 2007 Deferred Compensation Plan effective January 1, 2007. After this transfer, all rights and obligations under the old plan are extinguished and replaced by those under the new plan, and the old plan is terminated. The amendment is signed by an authorized officer of Windstream Corporation.
EX-10.3 4 d42410exv10w3.htm AMENDMENT TO MANAGEMENT DEFERRED COMPENSATION PLAN exv10w3
Exhibit 10.3
AMENDMENT TO
WINDSTREAM MANAGEMENT DEFERRED COMPENSATION PLAN
WINDSTREAM MANAGEMENT DEFERRED COMPENSATION PLAN
The Windstream Management Deferred Compensation Plan (the Plan) is amended, effective as of December 29, 2006, as follows:
Each Participants Deferred Compensation Account balance under the Plan (as adjusted for earnings through December 31, 2006) will be transferred and credited to the Participants Prior Plan Account under the Windstream 2007 Deferred Compensation Plan (the 2007 Plan) as of January 1, 2007. As a result of such transfer and crediting, all of the Companys obligations and Participants rights under the Plan shall automatically be extinguished and become obligations and rights under the 2007 Plan without further action and the Plan shall automatically be terminated, in each case effective as of January 1, 2007.
This amendment has been approved and signed by an authorized officer of Windstream Corporation as of the date specified above.
WINDSTREAM CORPORATION | ||||
By: | /s/ John P. Fletcher | |||
Name: | John P. Fletcher | |||
Title: | Executive Vice President and General Counsel | |||