Exhibit 10.19

 

WEST CORPORATION

NONQUALIFIED DEFERRED COMPENSATION PLAN

 

THIS NONQUALIFIED DEFERRED COMPENSATION PLAN dated as of this 30th day of
December, 2002, is established and maintained by West Corporation, a Delaware
corporation (the “Employer,” as further defined in Appendix I) for the benefit
of its eligible key employees, as described below.

 

WITNESSETH THAT:

 

WHEREAS, the Employer recognizes valuable services performed by its employees,
which have contributed to the success of the Employer;

 

WHEREAS, the Employer desires to establish a plan to allow a select group of
management or highly compensated employees to defer a portion of their
Compensation (as defined in Appendix I), and to provide retirement, death and
other benefits as provided herein;

 

WHEREAS, each Participant, as defined below, desires to receive such benefits
and to defer a portion of his or her Compensation; and

 

WHEREAS, the Employer desires to provide the terms and conditions upon which the
Employer shall pay such benefits to the Participants;

 

NOW, THEREFORE, in consideration of these premises, the Employer hereby
establishes the following nonqualified deferred compensation plan.

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ARTICLE I

INTRODUCTION

 

1.1  Name and Purpose.    The Employer hereby establishes the West Corporation
Nonqualified Deferred Compensation Plan, as set forth herein (the “Plan”), for
the benefit of a select group of management or highly compensated employees of
the Employer. The Plan is intended to be a deferred compensation plan for a
select group of management or highly compensated employees, as described in
Sections 201(2), 301(a)(3) and 401(a)(1) of Employee Retirement Income Security
Act of 1974, as amended (“ERISA”). The Employer intends that the Plan (and any
grantor trust described in Section 6.1) shall be treated as unfunded for tax
purposes and for purposes of Title I of ERISA. The Employer’s obligations
hereunder, if any, to a Participant (or to a Participant’s beneficiary) shall be
unsecured and shall be a mere promise by the Employer to make payments hereunder
in the future. A Participant (or the Participant’s beneficiary) shall be treated
as a general, unsecured creditor of the Employer. The Plan is not intended to
qualify under section 401(a) of the Internal Revenue Code (the “Code”).

 

1.2  Effective Date and Plan Year.    The Effective Date of this Plan is
December 30th, 2002. The Plan will be administered on the basis of a 12-month
period beginning on each January 1 (the “Plan Year”).

 

ARTICLE II

ELIGIBILITY AND PARTICIPATION

 

2.1  Eligibility.    Any employee who is an Executive Vice President or above of
the Employer as of the Effective Date is eligible to participate in the Plan for
the Plan Year commencing January 1, 2003. Thereafter, before the beginning of
each Plan Year, the Compensation Committee will designate the employees eligible
to participate in the Plan during such Plan Year from a select group of
management or highly compensated employees, which means Executive Vice
Presidents and above and other officers whose Compensation was $100,000 or more
in the year prior to the year in which the Participant makes a salary deferral
election pursuant to Section 3.1. An employee’s eligibility to make a deferral
to the Plan in any given Plan Year does not guarantee that employee the right to
make a deferral in any subsequent Plan Year.

 

2.2  Participation and Cessation of Participation.    An employee designated as
eligible to participate in the Plan for any Plan Year may make a deferral
election on a timely basis as described in Section 3, and if the employee makes
such a deferral election he shall be referred to as a “Participant” until he or
she has received a distribution of the entire Deferral Account (as defined in
Section 3.2). A Participant in the Plan who separates from service with the
Company and all of its subsidiaries and affiliates for any reason will cease to
be eligible to defer compensation under this plan and will become entitled to
distributions as described in Article V.

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ARTICLE III

ENROLLMENT AND DEFERRAL ELECTIONS

 

3.1  Participant Elections to Defer.    Each Eligible Employee who intends to
participate in the Plan shall make an Election to Defer, on a Deferred
Compensation Election Form, that portion of his annual Compensation (if any)
that shall be deferred hereunder, in accordance with the following:

 

  (a)   Salary Deferral Elections.    An Eligible Employee may elect to defer no
more than 50% of his Salary. This Salary deferral election must be made in whole
percentage increments.

 

  (b)   Bonus Deferral.    An Eligible Employee may make elect to defer, either
in whole percentage increments or a flat-dollar amount, a portion of any
periodic bonus payable to him or her; provided, however, that such election may
exceed 100% of any amount that would otherwise be paid as a periodic bonus.

 

  (c)   Minimum and Maximum Deferral.    Notwithstanding any other provision of
the Plan, an Eligible Employee who elects to defer a portion of his Compensation
must elect to defer Salary and Bonus in an amount that is expected to be no less
than $10,000, and in no event in excess of $500,000, during any one Plan Year.

 

  (d)   Timing of Elections.    No later than December 15 of each Plan Year, the
Eligible Employee must make an Election to Defer a portion of his Compensation
that otherwise would be payable in the following Plan Year. Notwithstanding the
foregoing, Elections to Defer Compensation that otherwise would be payable for
the entire 2003 Plan Year (beginning January 1, 2003) must be made no later than
December 31, 2002; provided, however, that no later than January 15, 2003, a
Participant who did not make an Election to Defer by December 31, 2002 may make
an Election to Defer Compensation that otherwise would be payable for the period
beginning February 1, 2003 and ending December 31, 2003. An Election to Defer
shall remain in effect only for the Plan year specified in the Deferred
Compensation Election Form. An Eligible Employee must file a separate salary or
bonus deferral election before each December 15 in order to make deferral for
the following Plan Year. Once made, the Election to Defer is irrevocable,
subject only to the early distribution provisions of Section 6.1, or the
one-time redeferral provision of Section 6.2.

 

  (e)   Period of Deferral.    Each Election to Defer made by an Eligible
Employee shall include an election of the date on which the amount of such
deferral (together with any investment gains thereon) will be distributed. Such
date shall be no earlier than the fifth year following the Plan Year to which
the Election to Defer relates, subject only to the early distribution provisions
of Section 6.1, or the one-time redeferral provision of Section 6.2.

 

3.2  Deferral Account.    The Compensation Committee shall maintain in the name
of each Participant a bookkeeping account known as the Participant’s “Deferral
Account” for deferrals made in accordance with Section 3.1. A Participant’s
Deferral Account shall include a subaccount for each deferral made under the
Plan and any Employer contributions made to the Participant under the Plan. Each
such subaccount shall reflect: (i) the amount deferred or contributed during
that Plan Year, (ii) any amounts distributed during that Plan Year, and (iii)
the total Earnings on the Deferral Account described in Section 3.3. Deferred
amounts shall be credited to subaccounts as soon as practicable following the
date bonuses and salary would otherwise have been paid to the Participant but
for his deferral election. The portion of a Participant’s Deferral Account that
is attributable to any Election to Defer (and any Earnings thereon) shall be
nonforfeitable at all times.

 

3.3  Investment of Deferral Account.    A Participant shall direct the
investment of his Deferral Account. A Participant shall have the right to elect
to have his Deferral Account deemed to be invested, in percentages elected by
the Participant, in hypothetical funds, the value of which shall track either:

 

  (a)   Common stock of the Company (“Company Stock”); or

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  (b)   The investment funds available under the West Corporation Employee
401(k) Retirement Plan, or a successor plan (collectively, the “Measurement
Funds”).

 

An election by a Participant to invest or not to invest his or her Deferral
Account in Company Stock is an irrevocable election. Investment elections to any
Measurement Fund other than Company Stock may be changed quarterly by the
Participant (but only among such Measurement Funds) on such date and in such
manner as determined by the Compensation Committee in its sole discretion. A
Participant’s Deferral Account shall be credited or debited each payroll period
(or, with respect to that portion of a Participant’s Deferral Account
attributable to bonus deferral elections, each time a bonus is deferred into the
Plan) based on the performance of each Measurement Fund selected by the
Participant, as though (i) Participant’s Salary and Bonus deferrals were
invested in the Measurement Fund(s) as of the date that they are credited to the
Participant’s Deferral Account;; and (ii) any distributions made to Participant
that decrease Participant’s Deferral Account balance ceased being invested in
the Measurement Fund(s) and in the percentages applicable to such payroll
period, no earlier than the last business day of the payroll period preceding
the date of distribution, at the closing price on such date. Thereafter, the
Measurement Funds that the Participant elects will be revalued each payroll
period, based on the price of the Company Stock on that date, the value of the
investment funds of the West Corporation Employee 401(k) Retirement Plan (or its
successor) on that date, and the percentages in which the Participant is
invested in each of the Measurement Funds.

 

Notwithstanding any other provision of this Plan that may be interpreted to the
contrary, the Measurement Fund(s) are to be used for measurement purposes only,
and the allocation of Participant’s Deferral Account to such Measurement
Fund(s), the calculation of additional amounts and the crediting or debiting of
such additional amounts to Participant’s Deferral Account shall not be
considered or construed in any manner as an actual investment of Participant’s
Deferral Account in any such Measurement
Fund(s).

 

To the extent a Participant’s Account is invested in Measurement Funds and is
not entirely distributed within three years from the date the Participant
separates from service with the Company for any reason, the Participant’s entire
vested Deferral Account shall thereafter be deemed to be invested in a money
market fund designated by the Compensation Committee until such Deferral Account
is fully distributed to the Participant.

 

3.4  Adjustment of Participants’ Deferral Account.    As of the last day of each
payroll period (each such date, and any other accounting date as determined by
the Compensation Committee in its sole discretion, is referred to below as an
“Accounting Date”), the Compensation Committee shall:

 

  (a)   First, charge to the proper Deferral Accounts all payments or
distributions made since the last preceding Accounting Date.

 

  (b)   Next, credit each Participant’s Deferral Account with amounts deferred
on behalf of the Participant made since the last preceding Accounting Date;

 

  (c)   Next, credit each Participant’s Deferral Account with any Employer
Contributions (as defined in Section 4.1) made on behalf of the Participant
since the last preceding Accounting Date;

 

  (d)   Next, adjust each Participant’s Deferral Account for applicable Earnings
since the last preceding Accounting Date.

 

3.5  Additional Limitation on Deferral Elections.    Notwithstanding anything in
this Section to the contrary, the Plan Administrator may limit a Participant’s
deferral election if, as a result of any election, a Participant’s compensation
from the Employers would be insufficient to cover taxes and withholding
applicable to the Participant.

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ARTICLE IV

EMPLOYER CONTRIBUTIONS

 

4.1  Employer Matching Contributions.    To the extent a Participant makes an
Election to Defer Compensation and makes an Investment Designation that such
deferrals and Earnings thereon initially be measured by Company Stock, the
Employer will make a matching contribution (“Employer Matching Contribution”)
equal to a percentage of such amount deferred as designated by the Employer from
time to time. All Employer Matching Contributions shall be designated to be
invested in shares of Company Stock and shall remain hypothetically invested in
Company Stock. No Employer Matching Contribution will be made with respect to
any amount deferred by the Employee for which Earnings are measured based on an
Investment Designation other than Employer Stock.

 

4.2  Accounting for Employer Matching Contributions.    Employer Contributions
on behalf of a Participant will be recorded in a separate subaccount maintained
in the Participant’s Deferral Account as of the same date (the “Crediting Date”)
that the underlying deferral is credited to the Participant’s Deferral Account.
Such subaccount will be deemed to be invested in Company Stock and will be
adjusted from time to time in the same manner as described in Section 3.4.

 

4.3  Vesting of Employer Matching Contributions.    The Participant’s
nonforfeitable interest in Employer Matching Contributions attributable to any
Plan Year will equal 20%, multiplied by the Participant’s Years of Service
following the Plan Year that includes the applicable Crediting Date. If a
Participant voluntarily terminates employment with the Employer or is terminated
for Cause, any non-vested portion of his or her Deferred Compensation Account
shall be forfeited immediately. If a Participant terminates employment because
of his or her death or Disability or is terminated without Cause, if a Change in
Control occurs, or if the Plan terminates, all amounts in the Participant’s
Deferred Compensation Account will become nonforfeitable immediately.

 

ARTICLE V

FUNDING

 

The Employer, in its sole and absolute discretion, may (or may not) acquire any
investment product or any other instrument or otherwise invest any amount to
provide the funds from which it can satisfy its obligation to make benefit
payments under this Plan. Any investment product or other item so acquired for
the convenience of the Employer shall be the sole and exclusive property of the
Employer (or a Trust established by the Employer) with the Employer (or the
Trust) named as sole owner and sole beneficiary thereof. To the extent that a
Participant or his or her Beneficiary acquires a right to receive payments from
the Employer under the provisions hereof, such right shall be no greater than
the right of any unsecured general creditor of the Employer.

 

ARTICLE VI

TIMING AND FORM OF BENEFIT PAYMENTS

 

6.1  Timing of Distribution.    The vested portions of a Participant’s Deferral
Account shall be distributed as soon as practicable on the earlier of:

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  (a)   The deferred distribution date indicated on the Participant’s Deferred
Compensation Election Form and in accordance with subsection 3.1(e);

 

  (b)   The date that the Participant’s terminates employment with the Employer;
and

 

  (c)   The date the Employer terminates the Plan.

 

6.2  One-time Redeferral Election.    No later than the January 1 preceding the
Plan Year in which a distribution under subsection 6.1(a) is to occur, a
Participant may make a one-time election to defer any portion of such
distribution for a period of not less than two years.

 

6.3  Form of Distribution.    Distributions from the Plan may be made in either
a single, lump sum distribution or five annual installments (approximately 20%
each year), as elected irrevocably by the Participant on his or her Deferred
Compensation Election Form for such Plan Year. Distributions from the
Participant’s Deferral Account that are invested in a Measurement Fund other
than Company Stock will be distributed in cash. Distributions from the
Participant’s Deferral Account that are invested in Company Stock shall be
distributed solely in shares of Company Stock.

 

6.4  Beneficiaries.    A Participant may designate his or her primary
Beneficiary or Beneficiaries to receive the amounts as provided herein after his
or her death in accordance with the Beneficiary Designation provisions of the
Participation Agreement. A Participant also may designate his or her contingent
Beneficiary or Beneficiaries to receive amounts as provided herein if all
primary Beneficiaries predecease the Participant or have ceased to exist on the
date of the Participant’s death. In the absence of such a designation, the
Employer shall pay any such amount to the Participant’s estate.

 

ARTICLE VII

ADMINISTRATION

 

7.1  Plan Administrator.    The Plan shall be administered by the Compensation
Committee of the Board of Directors of the Company (the “Plan Administrator”).

 

7.2  Plan Administrator’s Rights, Duties and Powers.    The Plan Administrator
shall have all the powers necessary and appropriate to discharge its duties
under the Plan, which powers shall be exercised in the sole and absolute
discretion of the Plan Administrator, including, but not limited to, the
following:

 

  (a)   To construe and interpret the provisions of the Plan and to make factual
determinations thereunder, including the power to determine the rights or
eligibility under the Plan and amounts of benefits (if any) under the Plan, and
to remedy ambiguities, inconsistencies or omissions, and such determinations by
the Plan Administrator shall be binding on all parties.

 

  (b)   To adopt such rules of procedure and regulations as in its opinion may
be necessary for the proper and efficient administration of the Plan and as are
consistent with the Plan and trust agreement, if any.

 

  (c)   To direct the payment of distributions in accordance with the provisions
of the Plan.

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  (d)   To employ agents, attorneys, accountants, actuaries or other persons
(who also may be employed by the Employers) and to delegate to them such powers,
rights and duties as the Plan Administrator may consider necessary or advisable
to carry out administration of the Plan.

 

  (e)   To appoint an investment manager to manage (with power to acquire and
dispose of) the assets of the Employer that may be used to satisfy benefit
obligations under the Plan, and to delegate to any such investment manager all
of the powers, authorities and discretions granted to the Plan Administrator
hereunder or under a Trust (if any).

 

7.3  Interested Plan Administrator Member.    If a member of the Plan
Administrator is also a Participant in the Plan, the Administrator member may
not decide or determine any matter or question concerning distributions of any
kind to be made to the him or her or the nature or mode of settlement of his or
her, unless such decision or determination could be made by the Plan
Administrator member under the Plan if the Plan Administrator member were not
serving within the Plan Administrator.

 

7.4  Expenses.    All costs, charges and expenses reasonably incurred by the
Plan Administrator will be paid by the Employer. No compensation will be paid to
a member of the Plan Administrator as such.

 

7.5  Claims.    The Employer shall afford a reasonable opportunity to the
claimant whose claim for benefits has been denied for a review of the decision
denying such claim. Ultimately, the interpretation and construction of this Plan
by the Plan Administrator, and any action taken hereunder, shall be binding and
conclusive upon all parties in interest, provided, however, that nothing herein
shall prevent any Participant or Beneficiary from enforcing his or her rights as
a general unsecured creditor hereunder.

 

7.6  Reports.    The Plan Administrator shall provide the Participant with a
statement reflecting the amount of the Participant’s Deferral Account at least
quarterly.

 

7.7  No Liability.    No employee, agent, officer, trustee, member, volunteer or
director of the Employer shall, in any event, be liable to any person for any
action taken or omitted to be taken in connection with the interpretation,
construction or administration of this Plan, so long as such action or omission
to act be made in good faith.

 

ARTICLE VIII

AMENDMENT AND TERMINATION

 

This Plan may not be amended, altered or modified, except by a written
instrument signed by the Employer and the Participants effected thereby or their
respective successors; provided that the Employer may amend, alter, modify or
terminate this Plan on a prospective basis at any time, provided (i) that no
such amendment, alteration, modification or termination shall adversely affect a
Participant’s entitlement to benefits attributable to amounts credited to his or
her Deferred Compensation Account in any Plan Year immediately prior to the Plan
Year of the amendment, alteration, modification or termination of this Plan, and
(ii) that until all amounts are distributed, the Employer must continue to offer
Investment Designations that are at least reasonably comparable to the options
available prior to such amendment, alteration, modification or termination.

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ARTICLE IX

MISCELLANEOUS

 

9.1  Non-Assignability of Benefits.    Neither any Participant nor any
Beneficiary under this Plan shall have any power or right to transfer, assign,
anticipate, hypothecate or otherwise encumber any part or all of the amounts
payable hereunder. Such amounts shall not be subject to seizure by any creditor
of a Participant or any Beneficiary hereunder, by a proceeding at law or in
equity, nor transferable by operation of law in the event of the bankruptcy or
insolvency of any Participant or any Beneficiary hereunder. Any such attempted
assignment or transfer shall be void and shall terminate the Participant’s
participation in this Plan, and the Employer then may pay the benefits hereunder
as if the Participant had terminated employment.

 

9.2  Impact on Other Benefits.    Except as otherwise required by the Code or
any other applicable law, this Plan and the benefits provided herein are in
addition to all other benefits which may be provided by the Employer to the
Participants from time to time, and shall not reduce, replace or otherwise cause
any reduction, in any manner, with regard to any of such other benefits.

 

9.3  Notices.    Any notice, consent or demand required or permitted to be given
under the provisions of this Plan by the Employer or any Participant or
Beneficiary shall be in writing, and shall be signed by the person or entity
giving or making the same. If such notice, consent or demand is mailed, it shall
be sent by United States certified mail, postage prepaid, addressed to the
principal office of the Employer, or if to a Participant or Beneficiary to such
individual or entity’s last known address as shown on the records of the
Employer. The date of such mailing shall be deemed the date of notice, consent
or demand.

 

9.4  Tax Withholding.    The Employer shall have the right to deduct from all
deferrals and payments made under this Plan any federal, state or local taxes
required by law to be withheld with respect to such deferrals and payments.

 

9.5  Governing Law.    This Plan shall be governed by and construed in
accordance with the internal laws of the State of Nebraska.

 

IN WITNESS WHEREOF, the Employer has executed and adopted this Plan as of the
Effective Date.

 

WEST CORPORATION

By:

 

/s/    PAUL M. MENDLIK

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Its:

     

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APPENDIX I

DEFINITIONS

 

Except as otherwise provided herein, the terms provided in this Appendix I shall
have the following definitions wherever used in this Plan with initial capital
letters.

 

Beneficiary means any person, entity, or any combination thereof the Participant
names in the Participation Agreement as beneficiary to receive benefits under
this Plan in the event of the Participant’s death, or in the absence of any such
designation, the Participant’s estate. A Participant may amend his Participation
Agreement to name a new Beneficiary at any time.

 

Cause means that the Participant has engaged in an act of willful misconduct,
gross negligence, fraud or moral turpitude, as determined by the Employer.

 

Change in Control means during any period of two consecutive years or less: (i)
individuals who at the beginning of such period constitute the entire Board of
Directors of the Employer shall cease for any reason to constitute a majority
thereof unless the election of, or nomination for election by the Employer’s
stockholders, of each new director was approved by a vote of at least two-thirds
of the directors then still in office who were directors at the beginning of the
period; (ii) the shareholders of the Employer approve any merger or
consolidation as a result of which the common stock of the Employer shall be
changed, converted or exchanged (other than a merger with a wholly-owned
subsidiary of the Employer) or liquidation of the Employer or any sale or
disposition of 50% or more of the assets or earning power of the Employer; or
(iii) the shareholders of the Employer approve any merger or consolidation to
which the Employer is a party as a result of which the persons who were
shareholders of the Employer immediately prior to the effective date of the
merger or consolidation shall have beneficial ownership of less than 50% of the
combined voting power for election of directors of the surviving corporation
following the effective date of such merger or consolidation.

 

Code means the Internal Revenue Code of 1986, as amended.

 

Compensation means the total cash compensation paid to a Participant for
services rendered to the Company as an employee (as reported on Form W-2).

 

Deferred Compensation Account means the amounts attributable to the Participant
as provided in Article IV of the Plan.

 

Disability means that a Participant has been considered “disabled” under the
Employer’s long-term disability plan maintained for employees generally;
provided, however, that if there is no such plan at the time, the Participant
shall be considered “disabled” if he or she is entitled to collect disability
benefits from the Social Security Administration.

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Earnings means the amount credited to each Participant’s Deferred Compensation
Account as Earnings as provided in Article III of the Plan.

 

Election to Defer, or Deferral Election means the provisions of the
Participation Agreement providing for the Participant to elect to defer a
portion of his or her Compensation, as amended from time to time.

 

Eligible Employee means an Employee eligible to participate in the Plan, as
provided under Section 2.1.

 

Employee means an employee of the Employer selected by the Employer to
participate in this Plan, and who elects to participate in this Plan by
executing and delivering to the Employer a Participation Agreement; provided,
however, that all employees selected by the Employer shall be members of a
select group of management or highly compensated employees as described in
Sections 202, 301 and 401 of ERISA.

 

Employer means West Corporation and any entity within the same controlled group
of corporations within the meaning of Sections 414(b) and (c) of the Code.

 

ERISA means the Employee Retirement Income Security Act of 1974, as amended.

 

Investment Designation means the provisions of the Participation Agreement
providing for the Investment Designation by the Participant as described in
Article III of this Plan, as amended or replaced from time to time.

 

Participant means an Employee who has executed a Participation Agreement.

 

Participation Agreement means the agreement executed by Participant that
includes provisions for the Employee’s Election to Defer, the Employee’s
Beneficiary Designation, and the Employee’s Investment Designation.

 

Plan Year means the calendar year.

 

Salary means the Employee’s base salary, as determined by the Employer.

 

Trust means any trust that may be established in connection with the Plan to
set-aside assets of the Plan and provide security to Participants; provided,
however, that unless otherwise agreed to by the Participant and Employer, the
assets held in such trust would remain the property of the employer and subject
to creditors of the corporation.

 

Year of Service means a Plan Year in which the Employee worked at least 1,000
hours for the Employer or for any other entity which merged with the Employer or
was otherwise acquired by the Employer if the Employee was employed on a
full-time basis by such other entity at the time of such merger or other
acquisition.

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EXHIBIT A

 

PARTICIPATION AGREEMENT

 

Name of Employee:

      

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Employee’s Address:

      

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Social Security No:

      

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Date of Birth:

      

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I.    ELECTION TO DEFER

 

The Participant hereby elects to defer the following amount or percentage of his
or her Compensation (or part thereof) pursuant to the West Corporation
Nonqualified Deferred Compensation Plan (“Plan”) for the ________Plan Year
(i.e., calendar year):

 

Base Compensation/Director Fees

________% for such year

 

Periodic Bonus

$________ for such year, OR

________% for such year

 

II.    DEFERRAL DATE

 

The Participant hereby elects irrevocably that, subject to the terms of the
Plan, all amounts identified in Part I above for such Plan Year shall be payable
on the following date:

 

_______________________________________________________________________

(can be no earlier than the fifth year following the Plan Year of Deferral)

 

III.    FORM OF PAYMENT

 

The Participant hereby elects irrevocably that, subject to the terms of the
Plan, all amounts identified in Part I above for such Plan Year shall be payable
in the form of:

 

________ A single, lump sum distribution

________ Five substantially equal annual installments (based on percentage)

 

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IV. BENEFICIARY DESIGNATION

 

The Participant hereby designates the following individual(s) or entity(ies) as
his or her beneficiary(ies) pursuant to Plan in accordance with Section 6.4 of
the Plan (insert name, Social Security Number, relationship, date of birth and
address of individuals; fully identify any Trust by the name of the trust, date
of execution of the trust, the trustee’s name, the trust’s address, and the
trust’s Employer Identification Number):

 

Primary Beneficiary(ies)

 

Percentage

     

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Contingent Beneficiary(ies) (if no primary beneficiary remains)

 

Percentage

     

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The Participant hereby reserves the right to change this Beneficiary
Designation, and any such change shall be effective when executed in writing by
the Participant and delivered to the Employer, all in the manner as designated
by the Employer from time to time.

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IV.    INVESTMENT DESIGNATION FOR CURRENT DEFERRAL ELECTION

 

The Participant hereby designates the following investment or investments as
provided in the Plan:

 

 

Name of Investment

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Invested Percentage

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West Corporation (“Employer Stock”)

        

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Wells Fargo Stable Return Fund (DSRF1)

        

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Wells Fargo Diversified Bond Fund (NVMFX)

        

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PIMCO Total Return (PTRAX)

        

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Wells Fargo Growth Balanced Fund (NVGBX)

        

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MFS Balanced Domestic Total Return (MSFRX)

        

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Wells Fargo Index Fund (NVINX)

        

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MFS Large Cap Value (MEIAX)

        

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Fidelity Advisor Growth Opportunities (FAGOX)

        

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Dreyfus Appreciation (DGAGX)

        

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Wells Fargo Large Cap Growth Fund (NVLCX)

        

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Janus Growth & Income (JAGIX)

        

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Goldman Sachs Mid Cap Value (GCMAX)

        

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PIMCO MidCap Growth Fund (PMCGX)

        

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AIM Mid Cap Equity (GTAGX)

        

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Goldman Sachs Small Cap Value (GSSIX)

        

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Franklin Balance Sheet Investors Fund (FRBSX)

        

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Janus Worldwide Fund (JAWWX)

        

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Templeton Growth Fund (TEPLX)

        

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The Participant hereby reserves the right to change such investment designation
from time to time as permitted by the Plan and the Employer, and any such change
shall become effective when executed in writing by the Participant and delivered
to the Employer, all in the manner as designated by the Employer from time to
time; provided, however, that any election to invest in Employer Stock is
irrevocable.

 

In the event that the Employer desires to acquire any product or other item
(including but not limited to a life insurance policy on the Participant’s life)
in connection with this Plan, the Participant hereby agrees to reasonably
cooperate to the extent necessary in such process.

 

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IN WITNESS WHEREOF, the Employer and the Participant have executed this
Participation Agreement on the dates designated below.

 

 

 

 

Date:    ________________

  

PARTICIPANT

 

 

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Signature of Participant

 

 

 

 

Date:    ________________

  

WEST CORPORATION

 

By:

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Signature of Participant

Its:

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