Exhibit 10.6
 

 
AMENDMENT NO. 7 TO THE
 
ALLTEL CORPORATION
 
EXECUTIVE DEFERRED COMPENSATION PLAN
 
Effective as of July 16, 2006, Article V of the Alltel Corporation Executive
Deferred Compensation Plan is hereby amended to add a new Section 13 at the end
thereof as follows:
 
"13. Transfer of Accounts. Pursuant to the Employee Benefits Agreement by and
between Alltel Corporation and Alltel Holding Corp. dated as of December 8,
2005, as amended (the "Employee Benefits Agreement") and the related Assignment
and Assumption Agreement between Alltel Corporation and Alltel Holding Corp.
dated as of July 16, 2006 ("Assumption Agreement"), the Deferred Compensation
Account of each Participant listed on Appendix A (the "Transferred
Participants") shall be transferred to the Windstream Executive Deferred
Compensation Plan as of July 16, 2006. The elections made by such Transferred
Participants under the Plan or related Sub-Plan (including, without limitation,
timing and manner of payment of benefits, and designation of Beneficiaries)
shall be carried over and shall apply for purposes of the Windstream Executive
Deferred Compensation Plan, subject to any change of election rights under such
plan. Each Transferred Participant shall have no further right to a benefit
under the Plan or Sub-Plan immediately after his or her Deferred Compensation
Account is transferred to the Windstream Executive Deferred Compensation Plan in
accordance with the terms and conditions of the Employee Benefits Agreement and
the Assumption Agreement."
 
IN WITNESS WHEREOF, this Amendment has been executed as of the date first set
forth above.

ALLTEL CORPORATION

By: /s/ Scott T. Ford             
Name:  Scott T. Ford
Title:    President and Chief Executive Officer
 

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APPENDIX A
 
TRANSFERRED PARTICIPANTS
 

 
Frantz, Francis X.
Fulbright, John E.
Thomas, Bruce P.
Cornacchione, Americo
Lohan, William E.
Wiley, Charles
Franks, Tommy

2

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