Exhibit 10.6
AMENDMENT ONE
EMPLOYMENT AGREEMENT
          THIS AMENDMENT ONE TO THE EMPLOYMENT AGREEMENT (“Amendment One”), is
entered into and effective as of January _, 2006 (the “Effective Date”), by and
between VALOR COMMUNICATIONS GROUP, INC., a Delaware corporation (the
“Company”), and Cynthia B. Nash (the “Employee”).
W I T N E S S E T H:
     WHEREAS, the Company and the Employee entered into a Employment Agreement
dated February 14, 2005; and,
     WHEREAS, on December 8, 2005, the Company, Alltel Corporation and Alltel
Holding Corp. entered into an Agreement and Plan of Merger (“Transaction”); and,
          WHEREAS, the Company and the Employee desire to amend certain
provisions of the Employment Agreement in anticipation of the closing of the
Transaction.
     NOW, THEREFORE, for and in consideration of the premises hereof and the
mutual covenants contained herein, the Company and the Employee hereby covenant
and agree to amend the Employment Agreement as follows:
     1. Amend section 4(a) to delete “One Hundred Seventy Five Thousand Dollars
($175,000),” and replace it with “Two Hundred Ten Thousand Dollars ($210,000)”.
     2. Amend section 4(b)(ii)(C) to delete “on January 1, 2007,” and replace it
with “upon the earlier of the close of the Transaction or January 1, 2007”.
     3. Amend section 7(a) to delete the definition of “Good Reason” in its
entirety, and replace it with the following:
As used herein, the term “Good Reason” means (i) any material breach by the
Company or any of its affiliates of their obligations under the Employment
Agreement, (ii) any substantial diminution of the Participant’s scope of
responsibilities as an officer of the Company, as set forth in the Employment
Agreement and the Company’s Certificate of Incorporation and Bylaws, diminution
of title or reduction in compensation, in each case, which continues unremedied
for a period of fifteen (15) days after written notice thereof to the Company,
or (iii) upon demand by the Company that the Participant relocate from his
current principal office location to a location more than 50 miles from such
current principal office location.

 

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     4. Amend section 7(b)(i) to delete “eighteen (18)” and replace it with
“twenty-four (24)”.
     5. Amend section 7(b)(i) to delete “with respect to such fiscal year if the
Company’s plan for such fiscal year is achieved, a pro rata portion of any
Annual Bonus payable with respect to such fiscal year corresponding to the
portion of such fiscal year during which the Employee was employed by the
Company (such pro rata Annual Bonus to be payable within thirty days after the
close of such fiscal year),” and replace it with the following:
two-times target Annual Bonus payment prescribed in section 4(b) of the
Employment Agreement, less any pro-rata 2006 Annual Bonus payment received upon
close of the Transaction. Such amount is payable in a lump sum upon termination
of employment and close of the Transaction.
     6. Amend section 7(b)(ii) to delete “eighteen (18)” and replace it with
“twenty-four (24)”.
     7. All other terms and conditions of the Employment Agreement shall remain
in full force and effect.
          IN WITNESS WHEREOF, the Company and the Employee have duly executed
and delivered this Amendment One to the Employment Agreement as of the day and
year first above written.

            VALOR COMMUNICATIONS GROUP, INC.
         By:  /s/ John J. Mueller        Name:   John J. Mueller        Title:  
President and Chief Executive Officer   

             
/s/ Cynthia B. Nash 
 
 
 
Employee