Document:

exv10w7

 

Exhibit 10.7

AMENDMENT ONE TO THE EMPLOYMENT AGREEMENT

THIS AMENDMENT ONE TO THE EMPLOYMENT AGREEMENT is entered into and effective as of January _, 2006
(the “Effective Date) by and among Valor Communications Group, Inc., a Delaware corporation (the
“Company”), Randal S. Dumas (the “Employee”).

     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)(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”.

     2. 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.

     3. Amend section 7(b)(i) to delete “six (6)” and replace it with “twelve (12)”.

 

 

     4. 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:

100% of the target Annual Bonus payment prescribed in section 4(a) 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.

     5. Amend section 7(b)(ii) to delete “six (6)” and replace it with “twelve (12)”.

     6. 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/
Randal S. Dumas

	 

	 	 

Employeeexv10w8

 

Exhibit 10.8

AMENDMENT ONE TO THE RESTRICTED STOCK GRANT AGREEMENT

PURSUANT TO VALOR COMMUNICATIONS GROUP, INC.

2005 LONG-TERM EQUITY INCENTIVE PLAN

     This Amendment One to the Restricted Stock Grant Agreement (“Amendment One”) is entered into
as of February 9, 2006 between Valor Communications Group, Inc., a Delaware corporation (the
“Company”), and John J. Mueller (the “Participant”), residing at 705 Chatham Court, Southlake, TX
76092.

Recitals

     WHEREAS, the Company and the Participant entered into a Restricted Stock Grant 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 Participant desire to amend certain provisions of the Restricted
Stock Grant 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 Participant hereby covenant and agree to amend the Restricted
Stock Grant Agreement as follows:

     1. Amend section 3(a) to delete “January 1, 2007,” and replace it with “upon the earlier of
the close of the Transaction or January 1, 2007”.

     2. Amend section 3(b)(ii)(y) to delete “first,” and replace it with “second”.

     3. Amend section 4 to delete “with respect to the Shares only to the extent such Shares have
vested as of the date on which such dividend is to be paid,” and replace it with “on the Shares
regardless of whether they have vested on the date on which such dividend is to be paid.”

     4. All other terms and conditions of the Restricted Stock Grant Agreement shall remain in full
force and effect.

[Remainder of page intentionally left blank.]

[Signature page follows.]

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment One to be duly executed as
of the date first above written.

	 	 	 	 	 
	 	VALOR COMMUNICATIONS GROUP, INC.

 	 
	 	By:  	/s/
William M. Ojile, Jr.	 
	 	 	Name:  	William
M. Ojile, Jr.	 
	 	 	Title:  	Senior
Vice President	 
	 

ACCEPTANCE:

/s/
John J. Mueller

Participantexv10w9

 

Exhibit 10.9

AMENDMENT ONE TO THE RESTRICTED STOCK GRANT AGREEMENT

PURSUANT TO VALOR COMMUNICATIONS GROUP, INC.

2005 LONG-TERM EQUITY INCENTIVE PLAN

     This Amendment One to the Restricted Stock Grant Agreement (“Amendment One”) is entered into
as of February 9, 2006 between Valor Communications Group, Inc., a Delaware corporation (the
“Company”), and Jerry E. Vaughn (the
“Participant”), residing at 1431 Kensington Court, Southlake, TX
76092.

Recitals

     WHEREAS, the Company and the Participant entered into a Restricted Stock Grant Agreement dated
October 1, 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 Participant desire to amend certain provisions of the Restricted
Stock Grant 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 Participant hereby covenant and agree to amend the Restricted
Stock Grant Agreement as follows:

     1. Amend
section 3(a) to delete “on each January 1, 2007,” and replace it with “upon the earlier of
the close of the Transaction or January 1, 2007, and on each
of”.

     2. Amend section 3(b)(ii) to delete “first,” and replace it with “second”.

     3. Amend section 4 to delete “with respect to the Shares only to the extent such Shares have
vested as of the date on which such dividend is to be paid,” and replace it with “on the Shares
regardless of whether they have vested on the date on which such dividend is to be paid.”

     4. All other terms and conditions of the Restricted Stock Grant Agreement shall remain in full
force and effect.

[Remainder of page intentionally left blank.]

[Signature page follows.]

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment One to be duly executed as
of the date first above written.

	 	 	 	 	 
	 	VALOR COMMUNICATIONS GROUP, INC.

 	 
	 	By:  	/s/
John J. Mueller	 
	 	 	Name:  	John J. Mueller	 
	 	 	Title:  	President	 
	 

ACCEPTANCE:

/s/ Jerry E. Vaughn

Participantexv10w10

 

Exhibit 10.10

AMENDMENT ONE TO THE RESTRICTED STOCK GRANT AGREEMENT

PURSUANT TO VALOR COMMUNICATIONS GROUP, INC.

2005 LONG-TERM EQUITY INCENTIVE PLAN

     This Amendment One to the Restricted Stock Grant Agreement (“Amendment One”) is entered into
as of February 9, 2006 between Valor Communications Group, Inc., a Delaware corporation (the
“Company”), and William M. Ojile, Jr. (the “Participant”), residing at 11591 East Lake Place,
Englewood, CO 80111.

Recitals

     WHEREAS, the Company and the Participant entered into a Restricted Stock Grant 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 Participant desire to amend certain provisions of the Restricted
Stock Grant 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 Participant hereby covenant and agree to amend the Restricted
Stock Grant Agreement as follows:

     1. Amend section 3(a) to delete “each of January 1, 2007 and January 1, 2008,” and replace it
with “upon the earlier of the close of the Transaction or January 1, 2007, and on January 1,
2008”.

     2. Amend section 3(b)(ii)(y) to delete “first,” and replace it with “second”.

     3. Amend section 4 to delete “with respect to the Shares only to the extent such Shares have
vested as of the date on which such dividend is to be paid,” and replace it with “on the Shares
regardless of whether they have vested on the date on which such dividend is to be paid.”

     4. All other terms and conditions of the Restricted Stock Grant Agreement shall remain in full
force and effect.

[Remainder of page intentionally left blank.]

[Signature page follows.]

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment One to be duly executed as
of the date first above written.

	 	 	 	 	 	 	 	 	 
	 	 	VALOR COMMUNICATIONS GROUP, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	By:	 	/s/
John
J. Mueller	 	 
	 

	 	 	 	Name:	 	John
J. Mueller	 	 
	 

	 	 	 	Title:	 	President	 	 
	 
	 	 	 	 	 	 	 	 
	ACCEPTANCE:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	/s/
William M. Ojile, Jr.	 	 	 	 	 	 	 	 
	Participant

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]