Document:

ex10r.htm

    Exhibit
      10-r

    PACIFIC
      TELESIS GROUP

    1996
      DIRECTORS' DEFERRED COMPENSATION PLAN

    

    

    SECTION
      1. ELIGIBILITY

    

    Each
      member of the Board of Directors of Pacific Telesis Group ("Company") who is
      not
      an employee of the Company, or any of its Affiliates, is eligible to participate
      in the 1996 Directors' Deferred Compensation Plan ("Plan").

    

    SECTION
      2. PARTICIPATION; DEFERRAL ELECTION

    

      2.1
      Deferral Election.  Prior to the beginning of any calendar year,
      commencing with the calendar year 1996, each eligible Director or designated
      Director may elect to participate in the Plan by directing that all or any
      part
      of the Compensation which would otherwise have been payable currently for
      services as a Director during such calendar year and subsequent calendar years
      shall be credited to a deferred Compensation account subject to the terms of
      the
      Plan.

    

      2.2
      Form of Election, Modification or Termination.  An election to
      participate in the Plan shall be in the form of a document executed by the
      Director and filed with the Secretary of the Company.  An election
      related to Compensation otherwise payable currently in any calendar year shall
      become irrevocable on the last day prior to the beginning of such calendar
      year.  An election shall continue from year to year until a Director
      ceases to be a Director or until he or she terminates or modifies such election
      by written notice.  An election shall terminate on the day after a
      Director ceases to be a Director.  Any termination or modification by
      a Director of his or her election shall become effective as of the end of the
      calendar year in which written notice thereof is received by the Secretary
      of
      the Company, and shall be effective with respect to all fees otherwise payable
      in subsequent calendar years until a new election or modification is made by
      such Director in accordance with this Section 2.

    

      2.3
      New Election After Prior Election Terminated.  A Director who has
      filed a termination of election may thereafter again file an election in
      accordance with Section 2.1 to participate for any calendar year or years
      subsequent to the filing of such election.

    

    SECTION
      3. DEFERRED COMPENSATION ACCOUNTS

    

      3.1
      Establishment of Accounts; Credited Interest.  Deferred amounts shall
      be credited to the Director's account and shall bear interest from the date
      such
      fees would otherwise have been paid.  The interest credited to the
      account shall be determined by the Board of Directors from time to time and
      shall be compounded annually at the end of each calendar year.

    

      3.2
      No Funding or Assignment.  It is intended that this Plan constitute an
      unfunded deferred compensation arrangement.  The amounts credited to
      the Plan account for each Director shall be held in the general funds of the
      Company.  All amounts in such accounts, including all Compensation
      deferred by a Director an all interest credited thereon, shall remain assets
      of
      the Company.  The Company shall not be required to reserve or
      otherwise set aside funds for the payment of amounts credited to Plan
      accounts.  The obligation of the Company to pay benefits under the
      Plan constitutes a mere promise to make benefit payments in the future, and
      shall be unfunded as to the Director, whose rights shall be those of a general
      unsecured creditor.  Title to and beneficial ownership of any assets
      which the Company may set aside or otherwise designate to make payments under
      the Plan shall at all times remain in the Company, and the Director shall not
      have any property interest in any specific assets of the Company.  The
      rights of a Director or his or her beneficiary to benefit payments under the
      Plan are not subject in any manner to assignment, alienation, pledge or
      garnishment by creditors.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SECTION
      4. DISTRIBUTION

    

      4.1
      Distribution Election.  At the time a Director makes an election to
      defer Compensation under the Plan, the Director shall also make an election
      with
      respect to the distribution of amounts credited to the Director's Plan account
      pursuant to such election, and interest credited thereon, during the Director's
      lifetime, and in the event of the Director's death prior to distribution of
      all
      amounts credited to the Director's Plan account.  Distribution
      elections shall become effective and irrevocable at the same times the election
      to defer Compensation becomes effective and irrevocable under Section
      2.2.

    

      4.2
      Options for Distribution During Life.  A Director may elect to receive
      the amounts credited to his or her Plan account in one payment or in some other
      number of approximately level annual installments (not exceeding
      15).  The amount of an annual installment shall be calculated by
      dividing the total amount, including interest, credited to the Director's
      account immediately prior to such installment by the remaining number of
      installments.  As specified by the Director, the first installment (or
      the single payment if the Director has so elected) shall be paid as soon as
      practicable after the first day of the calendar year following:

    

         (A)  the
      calendar year in which the Director ceases to be a Director of the Company
      or
      any of its subsidiaries;

    

         (B)  the
      calendar year in which the Director attains a specified age between age 59-1/2
      and 75;

    

         (C)  the
      earlier of calendar year containing the date that is a specified number of
      years
      (maximum of 5) after the date the Director ceases to be a Director of the
      Company or any of its subsidiaries or the calendar year in which the Director
      attains age 75; or

    

         (D)  the
      earlier of the calendar year in which the Director attains a specified age
      not
      younger than 59-1/2 or the calendar year in which the Director ceases to be
      a
      Director of the Company or any of its subsidiaries.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    If
      an
      installment distribution is elected, subsequent installments shall be paid
      on
      the first day of each succeeding calendar year until the entire amount credited
      to the Director's account is paid.  Amounts held pending distribution
      pursuant to the Director's distribution election shall accrue interest at the
      rate determined by the Board of Directors for each year such amounts continue
      to
      be held.

    

         4.3  Immediate
      Single Payment.  Notwithstanding a Director's distribution election
      pursuant to Section 4.2, in the event a Director ceases to be a Director of
      the
      Company or any of its subsidiaries and becomes a proprietor, officer, partner,
      employee, or otherwise becomes affiliated with any business that is in
      competition with the Company or any of its subsidiaries, or becomes employed
      by
      any governmental agency having jurisdiction over the activities of the Company
      or any of its subsidiaries, the entire balance of amounts credited to the
      Director's Plan account, shall be paid as soon as practicable thereafter in
      a
      single payment.

    

         4.4  Options
      for Distribution In the Event of Death.  A Director may elect that, in
      the event the Director should die before full payment of all amounts credited
      to
      the Director's account, the balance of amounts credited to the Director's Plan
      account shall be distributed to the beneficiary or beneficiaries designated
      by
      the Director

    

         (A)  in
      one payment on or about the first day of the calendar quarter next following
      the
      month of death;

    

         (B)  in
      a number of annual installments not exceeding 10, commencing on or about the
      first day of the calendar quarter next following the month of death;
      or

    

         (C)  in
      the same manner elected under Section 4.3 for lifetime distributions to the
      Director, using as any specified age the date the Director would have attained
      that age if he or she had continued to live.

    

    If
      no
      election has been made under this Section 4.4, the balance of the Director's
      Plan account shall be distributed in one payment as soon as practicable after
      the year of the Director's death.  If no beneficiary designation has
      been made, distribution shall be made to the estate of the
      Director.

    

    SECTION
      5.  ADMINISTRATION, AMENDMENT AND TERMINATION

    

         5.1  Plan
      Document.  Copies of the Plan and any and all amendments thereto shall
      be made available at all reasonable times at the office of the Secretary of
      the
      Company to all Directors.

    

         5.2  Amendment.  The
      Board of Directors may at any time make changes in the Plan, but such amendment
      shall have prospective effect only and shall not adversely affect the rights
      of
      any Director, without his or her consent, to any benefit under the Plan to
      which
      such Director was entitled prior to the effective date of
      amendment.  Changes in the interest rate applied to Plan account
      balances as determined by the Board of Directors from time to time in accordance
      with Section 3.1 shall not be deemed to be Plan amendments, notwithstanding
      that
      they apply to Compensation previously earned and deferred.  The
      Executive Vice President - Human Resources of Pacific Telesis Group, with the
      approval of the Executive Vice President and General Counsel of Pacific Telesis
      Group, shall be authorized to make minor or administrative changes to the
      Plan.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

         5.3  Termination.  The
      Board of Directors may at any time terminate the Plan.  Any
      termination of the Plan shall not terminate the deferral of Compensation
      previously deferred into a Plan account, but may prevent the deferral of
      Compensation not yet earned notwithstanding the Director's prior election to
      defer such Compensation.

    

    SECTION
      6.     DEFINITIONS.

    

    For
      purposes of this Plan, the following words shall have the meaning so defined
      unless the context clearly indicates otherwise:

    

         6.1  "Affiliate"
      as the term relates to Pacific Telesis Group means subsidiary of or other
      entity  that controls, is controlled by, or is under common control
      with Pacific Telesis Group.  As used herein, "control" means the
      possession, directly or indirectly, of the power to direct or cause the
      direction of the management and policies of such entity, whether through
      ownership of voting securities or other interests, by contract or
      otherwise.

    

    

         6.2  "Board
      of Directors" or "Board" shall mean the Board of Directors of Pacific Telesis
      Group.

    

         6.3  "Compensation"
      shall mean a Director's annual retainer fee, fees payable for services as a
      member of a committee of the Board including committee meeting fees, Board
      meeting fees, and any other compensation for services as a Director, excluding
      stock awards under Section 4.2 of the Pacific Telesis Group 1994 Stock Incentive
      Plan.  Compensation does not include reimbursement for expenses such
      as telephone service or travel costs.ex10ri.htm

    

    Exhibit
      10-r(i)

    

    CONSENT
      OF THE

    EXECUTIVE
      COMMITTEE OF

    THE
      BOARD OF DIRECTORS

    OF
      PACIFIC TELESIS GROUP

    IN
      LIEU OF A MEETING

    

    

                THE
      UNDERSIGNED, being all the members of the Executive Committee of the Board
      of
      Directors of Pacific  Telesis Group
      (the  "Corporation"),  a Nevada corporation,  do
      hereby consent to and deem it advisable to adopt and do hereby adopt the
      following resolutions, without a meeting, pursuant to Nev. Rev. Stat. ss.
      78.315, which consent shall have the same force and effect as a unanimous vote
      at a meeting duly held.

    

                WHEREAS,
      as a result of the merger on April 1, 1997, of the Corporation  with
      SBC  Communications  Inc.  (NV), a
      Nevada  corporation, it is desirable to make changes to certain
      benefit plans of the Pacific Telesis Group:

    

                THEREFORE,
      BE IT:

    

                RESOLVED,  that
      the Pacific Telesis Group Non-Qualified Savings Plan be, and it hereby is,
      amended as follows:

    

    The
      following language shall be added at the end of the first paragraph of Section
      2:  "An  Employee who commences participation in another
      non-qualified deferral plan of Pacific Telesis Group or of any company
      controlling, controlled by or under common control with Pacific Telesis Group
      shall cease to be eligible to participate in this Plan."

    

    The
      following language shall be added at the end of the first paragraph of Section
      4: "A Participant shall cease participation in this Plan effective upon
      participation in another non-qualified deferral plan of Pacific Telesis Group
      or
      of any company controlling, controlled by or under common control with Pacific
      Telesis Group."

    

                RESOLVED  FURTHER,
      that the Pacific Telesis Group 1996 Executive

    Deferred
      Compensation Plan be, and it hereby is, amended as follows:

    

    The
      following paragraph shall be added at the end of Section 2: "Provided, however,
      an employee shall not be eligible to participate in this Plan if the employee
      participates in another non-qualified  deferral plan of Pacific
      Telesis Group or of any company controlling, controlled by or under common
      control with Pacific Telesis Group."

    

    The
      last
      sentence of Section 4.2 shall be amended to read as follows:  "An
      election with respect to Salary, STIP or Other Awards for services performed
      in
      a calendar year and/or with respect to LTIP for services performed in a
      multiple-year performance period shall be deemed irrevocably terminated when
      the
      employee, whether by transfer or termination of employment, or by participation
      in another non-qualified deferral plan of Pacific Telesis Group or of any
      company controlling, controlled by or under common control with Pacific Telesis
      Group, ceases to be eligible to participate in the Plan during such calendar
      year and/or such multiple-year performance period (as applicable)."

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

                RESOLVED
      FURTHER, that the Pacific Telesis Group 1996 Directors' Deferred Compensation
      Plan be, and it hereby is, amended as follows:

    

    The  following  paragraph  shall
      be added at the end of Section 4.2: "If a Director of Pacific Telesis Group
      as
      of March 31, 1997, became a Director (which term shall be deemed to include
      an
      Advisory Director) of SBC Communications Inc., a Delaware corporation, on April
      1, 1997, then such Director may irrevocably elect in writing, on or before
      December 31, 1997, that the Director shall not be deemed to have ceased being
      a
      Director of Pacific Telesis Group so long as the
      Director  continuously  serves as a Director of SBC
      Communications Inc."

    

                RESOLVED
      FURTHER, that the Pacific Telesis Group Deferred Compensation  Plan
      for Non-Employee  Directors be, and it hereby is, amended as
      follows:

    

    The
      following subsection 4(f) shall be added at the end of Section 4: "If a Director
      of  Pacific Telesis Group as of March 31, 1997, became a Director
      (which term shall be deemed to include an Advisory Director) of SBC
      Communications Inc., a Delaware corporation, on April 1, 1997, then such
      Director may irrevocably elect in writing, on or before December 31, 1997,
      that
      the Director shall not be deemed to have ceased being a Director of Pacific
      Telesis Group so long as the Director continuously serves as a Director of
      SBC
      Communications Inc."

    

                The  undersigned,
      consisting of all the members of the Executive Committee of the Board
      of  Directors of the Corporation, have executed these resolutions
      effective November 21, 1997.

    

    

    

    

          Royce
      S.
      Caldwell                                       James
      D. Ellis

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