Document:

ex10b.htm

     

     

    

     

    AT&T

    

    

    

    

    Management
      Relocation

    Plan
      A

    

    November
      18, 2005

    

    

    

    

    

    

    Presented
      by

    

    

    

    

    

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    

    

    

    

    

    

    

    November
      18, 2005

     

    

     

    Dear
      Relocating Employee:

     

    Altair
      Global Relocation, contracted by AT&T, is ready to assist you at every stage
      of the move to your new location.  Experienced relocation
      professionals look forward to helping you and your family accomplish the change
      smoothly, and we encourage you to contact them at your earliest
      opportunity.

     

    This
      plan
      document outlines the various relocation benefits available and the way in
      which
      Altair Global Relocation can assist you. Please read it carefully. Keep in
      mind,
      however, that this document is designed as a supplement, not a substitute,
      to
      consultation with Altair Global Relocation.

     

    Please
      feel free to call upon your Relocation Consultant and the other staff members
      for assistance whenever questions or problems arise in connection with your
      move.

     

    Sincerely,

    

    

    

    Gail
      Plummer

     

    President
      and Chief Executive Officer

     

    

    

    

    

    

    

    

    

    

    

    PROPRIETARY

    Not
      for use or disclosure outside AT&T except under written
      agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        
          	
                  
                    Table
                      of
                      Contents

                  

                
	
                  Section
                    1

                	
                  Introduction 

                
	 	
                  Statement
                    of Philosophy 

                
	 	
                  General 

                
	 	
                  Plan
                    Objectives 

                
	 	
                  Eligibility
                    Requirements 

                
	 	
                  Employee
                    Responsibility 

                
	 	
                  Department
                    Responsibility 

                
	 	
                  Authorization
                    of Relocation Expenses 

                
	 	 
	
                  Section
                    2

                	
                  Home
                    Sale Program 

                
	 	
                  Home
                    Sale Program Overview 

                
	 	
                  Eligible
                    Employees 

                
	 	
                  Eligible
                    Properties 

                
	 	
                  Ineligible
                    Properties 

                
	 	
                  Appraisal/Valuation
                    Process 

                
	 	
                  Homeowner
                    Disclosure Statement 

                
	 	
                  Listing
                    Agreement Exclusion Clause 

                
	 	
                  Home
                    Sale Options 

                
	 	 	 
	 	
                  Option
                    1:

                	
                  Amended
                    Value Sale

                
	 	 	
                  Overview

                
	 	 	
                  Offer
                    Period

                
	 	 	
                  Employee
                    Responsibility

                
	 	 	
                  Proration
                    Date

                
	 	 	
                  Home
                    Sale Bonus

                
	 	 	
                  Advance
                    of Equity

                
	 	 	 
	 	
                  Option
                    2:

                	
                  Guaranteed
                    Value Offer

                
	 	 	
                  Overview

                
	 	 	
                  Offer
                    Period

                
	 	 	
                  Acceptance
                    of Guaranteed Offer

                
	 	 	
                  Proration
                    Date

                
	 	 	
                  Possession
                    Period

                
	 	 	
                  Items
                    Included in the Purchase Price

                
	 	 	 
	 	
                  Option
                    3:

                	
                  Unassisted
                    Sale

                
	 	 	
                  Overview

                
	 	 	
                  Reimbursable
                    Closing Expenses

                
	 	 	
                  Non
                    Reimbursable Expenses

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          	
                  Section
                    3

                	
                  Capital
                    Loss Program 

                
	 	
                  Capital
                    Loss Program Overview 

                
	 	
                  If
                    You Have A Capital Loss (Documentation Required) 

                
	 	
                  Reimbursement
                    Request Form 

                
	 	 
	
                  Section
                    4

                	
                  Home
                    Purchase / Rental Program 

                
	 	
                  Home
                    Buyers 

                
	 	
                  Discounted
                    Inventory Homes 

                
	 	
                  Renters 

                
	 	 
	
                  Section
                    5

                	
                  Mortgage
                    Financing Program / Closing Costs Program 

                
	 	
                  Mortgage
                    Financing Program/Closing Costs Overview 

                
	 	
                  Covered
                    Closing Expenses 

                
	 	
                  Non
                    Reimbursable Expenses 

                
	 	 
	
                  Section
                    6

                	
                  Lease
                    Settlement 

                
	 	 
	
                  Section
                    7

                	
                  Interim
                    Living / Day(s) of Move and Transportation Expenses 

                
	 	
                  Lump
                    Sum:

                	
                  House
                    Hunting

                
	 	 	
                  Interim
                    Living

                
	 	 	
                  Day(s)-of-Move

                
	 	
                  Trailing
                    Spouse

                	 
	 	 
	
                  Section
                    8

                	
                  Miscellaneous
                    Moving Allowance 

                
	 	 
	
                  Section
                    9

                	
                  Spousal
                    / Partner Career Assistance 

                
	 	
                  Program
                    Components 

                
	 	
                  Eligibility 

                
	 	
                  Tax
                    Implications 

                
	 	 
	
                  Section
                    10

                	
                  Movement
                    and Insurance of Household Goods 

                
	 	
                  Movement
                    of Household Goods 

                
	 	
                  Tax
                    Implications 

                
	 	
                  Storage 

                
	 	
                  Delivery
                    of Household Goods 

                
	 	
                  Transportation
                    of Automobiles 

                
	 	
                  Services
                    Not Authorized 

                
	 	
                  Items
                    Not Authorized for Transportation 

                
	 	
                  Just
                    Before Movers Arrive 

                
	 	
                  Insurance
                    on Shipment of Household Goods 

                
	 	
                  Insurance
                    Form 

                

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          	
                  Section
                    11

                	
                  Tax
                    Aspects of Relocation 

                
	 	
                  Introduction 

                
	 	
                  Tax
                    Implications Overview 

                
	 	
                  Tax
                    Gross-Up Method 

                
	 	
                  Employee
                    Responsibility 

                
	 	
                  Altair
                    Global Relocation Responsibility 

                
	 	 
	
                  Section
                    12

                	
                  Repayment
                    Agreement 

                
	 	 
	
                  Section
                    13

                	
                  Helpful
                    Hints 

                
	 	
                  Important
                    Contacts 

                
	 	
                  Telephone
                    Numbers 

                
	 	
                  Employee
                    Assistance Counseling 

                

        

         

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        Section
          1

      

      
        Introduction

      

    

    Statement
      of Philosophy

     

    AT&T
      and its Participating Subsidiaries recognize that the relocation of managers
      to
      meet organizational requirements is a part of doing business. This Plan is
      intended to provide fair and equitable treatment to minimize the impact of
      the
      move on employees and their families.

     

    We
      believe that maintaining a program of high quality, communicating relocation
      benefits clearly and consistently, and encouraging and providing counseling,
      benefits the AT&T companies by allowing employees to regain maximum
      productivity in the shortest possible time. This plan contains very specific
      plan components. No substitutions or alterations of the benefits will be
      allowed.

     

    We
      further believe that as employees of AT&T or its Participating Subsidiaries,
      relocating managers have a responsibility to utilize company funds in a manner
      consistent with the Code ofBusiness Conduct,
      which clearly states:

     

    “When
      spending company money or
      personal money that will be reimbursed, the employee involved should make sure
      his or her company receives proper value in return.”

     

    Employees
      found in violation of the Code of Business Conduct will be subject to
      disciplinary action up to and including termination of employment.

     

    The
      cost and structure of this plan have been developed with specific components
      which are not intended to be substituted, altered or modified in any
      way.

     

     

    General

     

    Provisions
      of the Management Relocation Plan for AT&T and participating
      subsidiaries/affiliates are provided herein. Questions about this material
      should be directed to a consultant at Altair Global Relocation who can provide
      further explanation and clarification.

     

    This
      is a
      reference only and is not a contract. AT&T reserves the right to change,
      alter, modify, or delete any provisions of the Plan at any time, with or without
      prior notice. Such changes will be authorized by the Senior Vice President
      -
      Human Resources.

     

     

    Plan
      Objectives

     

    
      	
              §  

            	
              To
                provide fair and equitable treatment for employees relocated within
                and
                between Subsidiaries.

            

    

     

    
      	
              §  

            	
              To
                facilitate acceptance of company initiated
                relocations.

            

    

     

    
      	
              §  

            	
              To
                be supportive of the employee and his/her family by providing
                guidance and
                counseling through experienced relocation
                professionals.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Eligibility
      Requirements

     

    
      	
              §  

            	
              Transferee
                must be a full-time management
                employee.

            

    

     

    
      	
              §  

            	
              Transfer
                is company initiated (this plan does not apply to employees transferring
                at their own request).

            

    

     

    NOTE:  Employees
      who accept a job through the Career Path process will not be eligible for the
      provisions of the Relocation Plan if the hiring manager has indicated that
      no
      relocation benefits are associated with the job.

     

    
      	
              §  

            	
              The
                commute from the old residence to the new place of work must be at
                least
                50 miles farther than the commute from the old residence to the old
                place
                of work.

            

    

     

    
      	
              §  

            	
              Property
                must be marketed with a real estate broker, approved by Altair Global
                Relocation, for at least sixty (60) of the one hundred twenty (120)
                days
                allowed under the Home Sale Options of this Plan (see Section 2,
                Page
                5).

            

    

     

    Once
      eligibility has been determined, the move must be completed within one year
      of
      the effective date of the transfer. All expenses related to the move
      must be incurred within that time period in order to receive
      reimbursement.

     

    Please
      Note: Any costs incurred as a result of an employee’s decision to relocate are
      subject to repayment in the event he/she fails to report to work or terminates
      their employment within twelve (12) months from the report date in the new
      location. (See Section 12, Page 2).

     

     

    Employee
      Responsibility

     

    
      	
              §  

            	
              Be
                familiar with this Management Relocation Plan, participate in counseling
                and/or other programs designed to help manage the relocation
                efficiently.

            

    

     

    
      	
              §  

            	
              Contact
                Altair Global Relocation for referral to real estate agents in connection
                with the purchase and/or sale of a residence (unless purchasing a
                residence that is for sale by owner). It is required that these
                agents be utilized in order for the employee to be eligible for the
                home
                sale and home purchase features of this
                plan.

            

    

     

     

    Department
      Responsibility

     

    To
      initiate a relocation, it is the responsibility of the employee’s receiving
      department to contact Altair Global Relocation to receive an AT&T Relocation
      Initiation Form. The form is completed and forwarded to Altair Global Relocation
      before any relocation expenses can be incurred on behalf of the employee. A
      copy
      of the Relocation Plan is available on the AT&T Intranet, or can be sent to
      you by your Altair Global Relocation Consultant.

     

    Normally,
      the receiving organization or department bears all incurred costs associated
      with the relocation of an employee.

     

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

     

     

    Authorization
      of Relocation Expenses

     

    All
      relocation expenses will be paid by Altair Global Relocation with approval
      based
      on employee’s relocation policy and submission of appropriate transmittal
      form.

     

    
      	
              NOTE:

            	
              COMPANY
                SPONSORED PURCHASE CREDIT CARDS MAY NOT BE USED FOR RELOCATION
                EXPENSES.

            

    

     

    If
      a
      personal car is used for transportation, the number of miles is reimbursed
      at
      the Company approved
      mileage
      rate.

     

    Relocation
      Consultants will prepare Lump Sum Allowances for interim living, pre-move house
      hunting trips and day(s) of move. (See Section 7.)

     

    The
      Miscellaneous Moving Allowance will also be paid by the Relocation Consultant.
      (See Section 8.)

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      

       

      Section
        2

      Home
        Sale Program

    

    
      Sec

    

    This
      Plan
      offers various options with regard to the marketing and sale of the residences
      of eligible employees. The AT&T companies have a contractual agreement with
      Altair Global Relocation to handle sales of eligible residences. Altair Global
      Relocation will assign a broker who will provide high quality real estate
      assistance at both the origin and destination. It is required that these
      agents be utilized in order for the employee to be eligible for the home sale
      and home purchase features of this Plan. The options available are
      explained in this section.

     

    Home
      sale
      assistance has proven to increase the likelihood of the employee receiving
      and
      acting upon a bona fide private offer for his/her home. Altair Global Relocation
      provides comprehensive counseling and support in the following
      areas:

     

    
      	
              §  

            	
              Provide
                assistance in selecting a qualified broker to list the home. The
                employee
                will be offered at least two (2) brokers from which to choose in
                a large
                metropolitan area. Employee preferences for brokerage companies will
                be
                considered.

            

    

     

    
      	
              §  

            	
              Provide
                objective criteria to be used in establishing “asking
                price.”

            

    

     

    
      	
              §  

            	
              Provide
                tips to maximize the value of the employee’s
                home.

            

    

     

    
      	
              §  

            	
              Establish
                a marketing strategy
                best suited for the particular area and type of property, in coordination
                with the employee and the employee’s
                agent.

            

    

     

     

    Eligible
      Employees

     

    An
      eligible employee is a regular full-time management or acting management
      employee who is in either a management or non-management position in one city
      and relocated to a management position in another city at company request.
      Employee initiated transfers are not covered under
      thisPlan.

     

     

    Eligible
      Properties

     

    Eligibility
      is limited to homes which meet all of the following criteria:

     

    
      	
              §  

            	
              The
                residence is a one- or two-family home, townhouse or
                condominium.

            

    

     

    
      	
              §  

            	
              The
                employee is the sole owner, owns the property
                jointly.

            

    

     

    
      	
              §  

            	
              The
                home is the employee’s primary residence on the effective date of the
                transfer and the employee is currently living
                there.

            

    

     

    
      	
              §  

            	
              The
                employee holds good and marketable title to the property, free from
                liens
                and encumbrances (any expense incurred to eliminate or establish
                trusts,
                grants, or other title situations or to clear liens or encumbrances,
                will
                be the responsibility of the
                employee).

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              §  

            	
              The
                residence is in good and marketable
                condition.

            

    

     

    
      	
              §  

            	
              The
                employee knows of no hidden or latent defects for which he/she might
                later
                be held responsible.

            

    

     

     

    Ineligible
      Properties

     

    Certain
      properties are not eligible for home sale assistance under the
      Plan.  They are:

     

    
      	
              §  

            	
              Properties
                housing more than two (2) families.

            

    

     

    
      	
              §  

            	
              Cooperative
                apartments.

            

    

     

    
      	
              §  

            	
              Residences
                which require an association’s approval of
                purchaser.

            

    

     

    
      	
              §  

            	
              Any
                residence which is involved in current and/or pending
                litigation.

            

    

     

    
      	
              §  

            	
              Property
                with material defects (i.e., composite-type siding,
                etc.).

            

    

     

    
      	
              §  

            	
              Homes
                with Synthetic Stucco

            

    

     

    
      	
              §  

            	
              Income-producing
                properties.

            

    

     

    
      	
              §  

            	
              Homes
                with hazardous substances (i.e., toxic and/or
                pathogenic
                mold, radon,
                asbestos, etc.).

            

    

     

    
      	
              §  

            	
              Mobile
                homes (the company will move mobile homes to the new location in
                lieu of
                purchase or will reimburse closing costs under Option 3 of the
                Plan).

            

    

     

    NOTE:
      Lots are covered only if mobile home and lot are sold together.

     

    
      	
              §  

            	
              Properties
                not conforming to local regulations and/or which do not qualify for
                a
                certificate of occupancy.

            

    

     

    
      	
              §  

            	
              Seasonal
                Residences.

            

    

     

    
      	
              §  

            	
              Properties
                or parts of properties used or acquired for speculative
                purposes.

            

    

     

    
      	
              §  

            	
              Farms,
                ranches, or homes located, on properties in excess of five (5)
                acres.

            

    

     

    
      	
              §  

            	
              Undeveloped
                lots and/or homes under construction or
                renovation.

            

    

     

     

    Appraisal
      / Valuation Process

     

    It
      is
      important that you understand that AT&T is not in the real estate business.
      We have no interest in purchasing the homes of our employees or re-selling
      them.
      Our goal is to provide an alternative for employees who cannot sell their homes
      in a reasonable period of time. Therefore, the appraisers are asked to
      objectively evaluate your home in order to estimate the most-probable selling
      price after reasonable market exposure (see Section 2, Pg. 3). This definition
      of value differs from a bank or mortgage appraisal, and may also differ from
      what a specific buyer might be willing to pay for your home when it is first
      exposed to the market. The primary intent of the home sale program is to
      help you locate a buyer. If that is not possible, AT&T provides the
      Guaranteed Value Offer to purchase your home at a price that should enable
      us to
      resell it within a reasonable amount of time.

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Altair
      Global Relocation shall arrange for establishment of a Guaranteed Value based
      on
      the “most probable selling price,” in “as is” condition, which is the base value
      guaranteed to the employee should he/she fail to obtain a buyer for the
      property.

     

    The
      most
      probable selling price is defined as:

     

    The
      price
      at which a property would most probably sell if exposed to the market for a
      reasonable period of time in “as is” condition, where payment is made in cash or
      its equivalent.  For purposes of establishing value, “as is” condition
      is defined as the cosmetic condition of the property at the time of
      appraisal.

     

    NOTE:
      Exposure to the market for a reasonable period of time is defined as up to
      one
      hundred twenty (120) days.

     

    The
      Guaranteed Value will be determined as follows:

     

    
      	
              §  

            	
              The
                average of two (2) independent appraisals will be the Guaranteed
                Value,
                provided the difference between the two (2) appraisal values does
                not
                exceed five (5) percent of the highest
                value.

            

    

     

    
      	
              §  

            	
              In
                cases where the difference between the two appraisal values exceeds
                five
                (5) percent, a third (3rd) appraisal will be ordered.  In this
                case, the Guaranteed Value will be the average of the two (2) highest
                appraisals.

            

    

     

    
      	
              §  

            	
              The
                Guaranteed Value is contingent upon the results of any customary
                and
                required inspections. Please Note: Altair Global Relocation has a
                legal
                responsibility to disclose any defects or subsequent bids for repair
                discovered as a result of all inspections. Repairs identified by
                subsequent buyer inspections must also be
                disclosed.

            

    

     

    
      	
              §  

            	
              Repairs
                identified through any inspections are the responsibility of the
                employee. Repairs must be completed before
                equity is released or the cost of repairs may be deducted from the
                employee’s final equity.  Repairs are subject to
                reinspection.

            

    

     

    
      	
              §  

            	
              Should
                problems be identified through subsequent inspections by potential
                buyers,
                the employee will be required to perform additional
                repairs.

            

    

     

    In
      the
      process of appraising the employee’s home the appraisers will review comparable
      sales selected from the multiple listing or similar directory. Employees are
      encouraged to provide appraisers with a list of recent comparable
      sales.

     

    
      	
               

            	
              NOTE:

            	
              For
                comparison purposes only, two Broker Market Analyses (BMAs) are routinely
                ordered by Altair Global
                Relocation.

            

    

     

     

    Homeowner
      Disclosure Statement

     

    This
      Plan
      requires the use of a Homeowner Disclosure Statement as part of the marketing
      process.  Most states currently make the seller liable for not
      disclosing any material defect known to the seller but not obvious to the buyer.
      It is essential for the employee, as seller, to disclose all such
      defects in or on the property, whether the buyer is Altair Global
      Relocation or a private individual. Employees will be held responsible for
      such
      defects whether or not they are disclosed. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Your
      Relocation Consultant will provide you with the appropriate Altair Global
      Relocation disclosure form.  Any disclosure forms required by state of
      locality will be supplied by your real estate agent.

     

    The
      Homeowner’s Disclosure Statement is designed to:

     

    
      	
              §  

            	
              Assure
                that the appraisers do not overlook a defective condition or
                system.

            

    

     

    
      	
              §  

            	
              Provide
                justification to conduct further investigation or order a detailed
                inspection.

            

    

     

    
      	
              §  

            	
              Serve
                as a medium for ordering repairs or disclosing defects to potential
                buyers.

            

    

     

    
      	
              §  

            	
              Comply
                with all known and pending legal requirements for disclosure by the
                seller
                to the buyer.

            

    

     

    
      	
              NOTE:

            	
              Release
                of a check for advance distribution of equity will be contingent
                upon the
                receipt of a signed Homeowner’s Disclosure
                Statement.

            

    

     

    ANY
      EMPLOYEE WHO MAKES FRAUDULENT REPRESENTATIONS AND/OR ACTIONS WILL BE SUBJECT
      TO
      DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION OF
      EMPLOYMENT.

     

     

    Listing
      Agreement Exclusion Clause

     

    When
      an
      employee lists with a broker, a “Listing Exclusion Clause” must be
      signed to avoid payment of a broker’s commission and allow cancellation
      of a listing agreement should the employee accept the Guaranteed
      Value.

     

    The
      listing agreement must include the following provisions:

     

    “This
      listing agreement is subject to the following provisions. It is understood
      and
      agreed regardless of whether or not an offer is presented by a ready, willing
      and able Buyer(s):

     

    No
      commission or compensation shall be earned, or be due and payable to Broker
      until the sale of the property has been consummated between Seller(s) and
      Buyer(s), the Deed delivered to the Buyer(s) and the purchase price delivered
      to
      the Seller(s); and

     

    The
      Seller(s) reserve the right to sell the Property to Altair Global Relocation,
      or
      any other person(s) designated by Altair Global Relocation, (individually and
      collectively a “Named Prospective Purchaser”) at any time.  Upon the
      execution by a Named Prospective Purchaser and me/us of an Agreement of Sale
      with respect to the Property, this listing shall immediately terminate without
      obligation on my/our part or on the part of any Named Prospective Purchaser
      to
      either pay a commission or to continue this listing agreement.”

     

     

    Home
      Sale Options

     

    There
      are
      three (3) home sale options available to employees. They are:

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      	
              Option
                1:

            	
              Amended
                Value Sale (Please refer to the Contract of Sale for terms and conditions
                of Amended Value Sale).

            

    

     

    An
      Amended Value Sale occurs when the employee works with the Relocation Consultant
      and real estate agent to sell the residence to a qualified buyer under the
      Amended Value Sale provision of this Plan.

     

    Offer
      Period: The employee will have a period of one hundred twenty (120)
      days from the date of the Guaranteed Value Offer letter to market the property.
      The first sixty (60) days is mandatory.  The employee is responsible
      for all taxes, utilities, insurance, maintenance, principle and interest on
      the
      mortgage during the marketing period until amended value close or vacate date,
      whichever is later.

     

    If
      a bona
      fide offer is secured on the home from a buyer, Altair Global Relocation will
      process the contract under the Amended Value Sale process.

     

    The
      employee is required to notify the Relocation Consultant of all offers received
      on his/her home.

     

    IRS
      rulings are very strict about benefits received under this process. Therefore,
      in order to receive the tax advantages an Amended Value process provides, and
      receive the bonus, certain procedures MUST be followed. They
      are:

     

    
      	
              §  

            	
              Should
                the real estate agent present an offer to you, DO NOT VERBALLY
                ACCEPT. DO NOT TAKE ANY MONEY FROM THE BROKER OR PROSPECTIVE PURCHASER,
                OR
                SIGN ANY DOCUMENT WHICH WOULD CONSTITUTE
                ACCEPTANCE.

            

    

     

    
      	
              §  

            	
              Call
                your Relocation Consultant as soon as possible and provide him/her
                with
                the details of the offer. The Relocation Consultant will promptly
                negotiate with the real estate agent and verify if the offer made
                is bona
                fide.

            

    

     

    
      	
              §  

            	
              The
                Relocation Consultant will request the employee to execute the Altair
                Global Relocation Contract of Sale and return it to Altair Global
                Relocation.

            

    

     

    
      	
              §  

            	
              Upon
                receipt of the Sale Contract, Altair Global Relocation will review
                the
                Contract to verify all terms and conditions are in the employee’s best
                interest. Altair Global Relocation will sign the Sale Contract and
                return
                it to the buyers.

            

    

     

    
      	
              §  

            	
              Altair
                Global Relocation will process the Sale Contract, work through the
                inspection contingency, and verify the buyers are financially qualified
                to
                purchase the property. Altair Global Relocation will then execute
                the
                Contract of Sale with the employee at the net sale price of the Sale
                Contract (purchase price less all concessions which are the employee’s
                responsibility). This process takes approximately 2 - 3
                weeks.

            

    

     

    
      	
              §  

            	
              Altair
                Global Relocation will enter into a listing agreement with the broker
                and
                prepare to accept possession upon employee vacating the
                premises.

            

    

     

    
      	
              §  

            	
               Altair
                Global Relocation will close the sale with the
                buyer.

            

    

     

    Employee
      Responsibility: The employee will be responsible for payment of any
      negotiated closing costs typically paid by the Buyer, e.g., concessions made
      to
      the buyer for repairs, financing points, etc. Reimbursable
      Expenses are listed in Section 2, Page 8.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    The
      employee has one hundred twenty (120) days from the date of the Guaranteed
      Value
      Letter to present a bona fide contract.

     

    Proration
      Date/Equity Calculation: The employee will be responsible for
      insurance, taxes, utilities, maintenance, principle and interest on the
      mortgage, through the date Altair Global Relocation accepts the contract or
      the
      date the employee vacates the property, whichever is later.  Your
      final equity will be calculated based on whichever value is higher, your
      guaranteed value or your amended value.  It is the employee’s
      responsibility to collect any escrow balance from the mortgage
      company.

     

    Home
      Sale Bonus: A bonus will be awarded to an employee who, within the one
      hundred twenty (120) day offer period, obtains a private contract equal to
      or
      greater than 96% of the Guaranteed Value Offer. The bonus will be stated as
      2 (two)percent of the sale price, and the
      maximum bonus paid will be $25,000.

     

    If
      the
      contract is ninety-five (95) percent up to but not including ninety-six (96)
      percent of the Guaranteed Value, the employee will not receive a bonus but
      will
      receive the Guaranteed Value.

     

    The
      bonus
      is paid when the sale is amended.

     

    The
      cash bonus is considered fully taxable income, and is not grossed-up for tax
      purposes. Taxes will be withheld at the applicable Federal and State
      supplemental tax rates, and the applicable local tax rate. Social Security
      and
      Medicare tax rates will also be withheld at the applicable rates before issuing
      the bonus check.

     

    Advance
      of Equity: It is the intent of this Plan to allow for advance
      distribution of home equity to the employee prior to electing Option 1 or 2
      when the equity is required to guarantee a contract on a home in the
      new
      location. Prior to any advancement of equity, you must forward a copy
      of your destination purchase agreement to your Relocation
      Consultant.

     

    The
      following guidelines are applicable:

     

    
      	
              §  

            	
              The
                advance is up to ninety-five (95) percent of the equity as determined
                by
                the Guaranteed Value. Additionally, charges for interest, taxes and
                insurance will be pro-rated from the date of your last mortgage payment
                through your anticipated acceptance date. It is the employee’s
                responsibility to collect any escrow balance from the mortgage
                company.

            

    

     

    
      	
              §  

            	
              Only
                the amount needed to qualify for the new residence will be
                advanced.

            

    

     

    
      	
              §  

            	
              The
                employee will sign a promissory note agreeing that within the
                one-hundred-twenty-(120) day Offer Period he/she
                will:

            

    

     

    
      	
              -­  

            	
              Accept
                the Guaranteed Value offer, or

            

    

     

    
      	
              -­  

            	
              Provide
                a bona fide contract for the Amended Value Sale,
                or

            

    

     

    
      	
              -­  

            	
              Pay
                back the equity advance in full

            

    

     

    The
      employee is required to leave the property in clean and livable
      condition.  Any charges for hauling or excessive clean up will be
      charged to the employee.

     

    Equity
      advances will be provided under the Home Sale Assistance Program Options 1
      or 2
      ONLY.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    The
      employee must notify his/her Relocation Consultant at Altair Global Relocation
      of any potential buyers before accepting Option 2.

     

    
      	
              NOTE:

            	
              If
                the transferred employee is considered an Executive Officer under
                the
                Sarbanes-Oxley Act, he/she will not be eligible for any equity prior
                to
                the final contract with Altair Global
                Relocation.

            

    

     

    
      	
              NOTE:

            	
              All
                expenses associated with the Amended Value are the company’s
                responsibility. None of these expenses are required to be reported
                as
                earnings on your W-2. Altair Global Relocation is unable to provide
                personal tax advice. Please contact your tax advisor or obtain IRS
                Form
                2119, Sale of Your Home and IRS Publication 523, Selling Your
                Home.

            

    

     

    
      	
              Option
                2:

            	
              Guaranteed
                Value Sale (Please refer to the Contract of Sale for terms and conditions
                of the Guaranteed Value
                Sale).

            

    

     

    A
      Guaranteed Value Sale occurs when the employee works with the Relocation
      Consultant and real estate agent to sell the residence but is unable to secure
      a
      contract and accepts the Guaranteed Value Offer.

     

    Offer
      Period: The employee will have a period of one hundred twenty (120)
      days from the date of the Guaranteed Value Offer Letter to market their
      property. Sixty (60) days of that time period is mandatory. During that time
      the
      employee is responsible for all taxes, utilities, insurance, maintenance,
      principle and interest on the mortgage until sale of the property to Altair
      Global Relocation or vacate date, whichever is later.

     

    The
      employee is required to notify the Relocation Consultant of all offers received
      on his/her home.

     

    Acceptance
      of Guaranteed Offer: After the employee has satisfied the mandatory
      sixty (60) day marketing eligibility requirement, or is at the end of the one
      hundred twenty (120) day marketing period, he/she may accept the Guaranteed
      Value Offer. Failure to act (i.e., forward the appropriate documents
      contained in the Offer Package, as directed) by the end of this one hundred
      twenty (120) day period will result in an automatic expiration of the Guaranteed
      Value.

     

    Proration
      Date: The employee will be responsible for insurance, taxes, utilities,
      maintenance, principle and interest on the mortgage through the date of
      acceptance of the Guaranteed Value or the date the property is vacated,
      whichever is later. These items will be deducted from the equity and the
      employee will be credited for any escrow balance.

     

    Possession
      Period: The employee will be given thirty (30) days from acceptance to
      vacate the property.

     

    Items
      Included in the Purchase Price: Altair Global Relocation’s purchase
      price includes, but is not limited to, all fixtures, appurtenances, and built-in
      items usually considered to be part of residential properties such as blinds,
      window shades, awnings, window screens, storm and sash screens, storm or
      combination doors, curtain and drapery fixtures, electric and lighting fixtures,
      yard lights, fixed gas barbecue grills, T. V. antennas, electric garage door
      openers, and installed wall-to-wall carpeting.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    
      	
              Option
                3:

            	
              Unassisted
                Sale

            

    

     

    The
      employee chooses to sell the property without benefit of company assistance
      and
      is reimbursed for customary closing costs.

     

    This
      option provides for the reimbursement of certain expenses involved in the sale
      of a residence when an employee lists, sells and closes a contract independent
      of Altair Global Relocation. The employee may choose this option for personal
      reasons or as a result of owning property which does not qualify for other
      options outlined in this Plan (e.g., a mobile home with land, a cooperative
      or a
      house with hazardous substances). The employee will be reimbursed for most
      normal and customary closing costs associated with this sale. The home, however,
      must be sold and reimbursable expenses incurred within one (1) year following
      the effective date of the relocation.

     

    The
      amount of reimbursement of customary closing costs is fully taxable income
      and
      is not grossed up for tax purposes. Taxes will be withheld at the applicable
      Federal and State supplemental tax rates and the applicable local tax rate.
      Social Security and Medicare will also be withheld at the applicable rates
      before issuing the check.

     

    
      	
               

            	
              Reimbursable
                Closing Expenses (applies to options 1 &
                3)

            

    

     

    
      	
              §  

            	
              Documentary
                Stamps.

            

    

     

    
      	
              §  

            	
              Legal
                Fees

            

    

     

    
      	
              §  

            	
              Licensed
                Broker’s Selling Commission not to exceed 6% (anything higher must be
                approved in advance by the Altair Global Relocation
                Consultant).

            

    

     

    
      	
              §  

            	
              Survey
                Charges.

            

    

     

    
      	
              §  

            	
              Termite
                Inspection Fees (where applicable).

            

    

     

    
      	
              §  

            	
              Title
                Fees (where applicable).

            

    

     

    
      	
              §  

            	
              Transfer
                Taxes.

            

    

     

    
      	
              NOTE:

            	
              In
                certain areas it is customary for the seller to provide title insurance
                on
                the property being sold. If this is required, the employee is eligible
                for
                reimbursement.

            

    

     

    
      	
               

            	
              Non
                Reimbursable Expenses (applies to options 1 &
                3)

            

    

     

    
      	
              §  

            	
              Closing
                costs normally charged to the
                buyer.

            

    

     

    
      	
              §  

            	
              Discount
                points used to obtain financing for the
                buyer.

            

    

     

    
      	
              §  

            	
              Expenses
                related to selling seasonal residences, income producing property
                or
                undeveloped lots.

            

    

     

    
      	
              §  

            	
              Service
                Fees charged by Real Estate
                brokers.

            

    

     

    
      	
              §  

            	
              Mortgage
                Pre-Payment Penalties.

            

    

     

    
      	
              §  

            	
              Any
                cost to obtain clear title.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      Section
        3

    

    
      
        
          Section
            3

        

        
          Capital
            Loss Program

           

        

      

    

    Under
      the
      provisions of this Program, reimbursement is available for documented
capital loss of original purchase price of employee’s home. The Plan
      does not provide for reimbursement of any special financing or other concessions
      (see Section 3, Page 2). The Plan does not cover all losses incurred, but
      provides assistance should it become necessary.

     

    To
      be eligible for reimbursement under the Capital Loss Program, the
      property:

     

    
      	
              §  

            	
              Must
                meet the eligibility requirements of the Home Sale Provision of this
                Plan.

            

    

     

    
      	
              §  

            	
              Must
                have sold through one of the Home Sale Assistance Programs. (Options
                1 and
                2 only).

            

    

     

     

    Reimbursement
      under this program is according to the following
      guidelines:

     

    
      	
              §  

            	
              Original
                Purchase Price must be verified on the two-page settlement statement.
                (HUD-1).

            

    

     

    
      	
              §  

            	
              Deductions
                will be made for special financing or other concessions, (i.e., seller
                paid discount points).

            

    

     

    
      	
              §  

            	
              Capital
                improvements are not eligible for
                reimbursement.

            

    

     

     

    If
      You Have a Capital Loss

     

    If
      you
      incur a capital loss due to your relocation, contact your Relocation Consultant
      who will review the documents required to support your request for
      reimbursement.  Those required documents are:

     

    
      	
              §  

            	
              Real
                estate contract indicating the original sales price when the home
                was
                purchased

            

    

     

    
      	
              §  

            	
              Settlement
                statement on the home (HUD-1)

            

    

     

    
      	
              NOTE:

            	
              Unless
                proper documentation is available, Capital Loss will not be
                eligible   for
                reimbursement.

            

    

     

    
      
        
        

      

      
        -
          11
          -

        
          

        

      

      
        
        

      

    

    
      REQUEST
        FOR CAPITAL LOSS

      REIMBURSEMENT

      

      
        	
                Name:
                  _______________________________

              	
                Title:
                  ____________________________

              
	
                Department:
                  __________________________

              	
                New
                  Location (City/State): ___________

              
	
                Contact
                  Phone No: _____________________

              	
                ________________________________

              

      

      

        
          	
                  Effective
                    Date:
                    ______________________

                	 	 
	
                  Property
                    Address:
                    ______________________________________________

                	 
	
                  Date
                    of Purchase:
                    ____________  

                	
                  Date
                    of Sale:
                    __________

                	
                  Date
                    Vacated:
                    ____________

                

        

      

      

      

      Capital
        Loss Computation

      

      

      
        	
                1.

              	
                Contract
                  Purchase Price

              	
                $
                  _______________

              
	 	 	 
	
                2.

              	
                Deductions
                  - (Concessions, Special Financing,

              	
                $
                  _______________

              
	 	
                etc.,
                  i.e., Seller paid discount points)

              	 
	 	 	 
	
                3.

              	
                Purchase
                  Price

              	 
	 	
                (Line
                  1 minus Line 2)

              	
                $
                  _______________

              
	 	 	 
	
                4.

              	
                Total
                  Purchase Price

              	
                $
                  _______________

              
	 	 	 
	
                5.

              	
                Sale
                  Price (Guaranteed Value or Private Offer,

              	 
	 	
                whichever
                  is higher)

              	
                $
                  _______________

              
	 	 	 
	
                6.

              	
                Capital
                  Loss

                (Line
                  5 minus Line 6)

              	
                $
                  _______________

              

      

      

      
        	
                Correct

              	 	
                Reviewed

              
	
                Employee:

              	 	
                Relocation
                  Consultant:

              
	
                Date:

              	 	
                Date:

              
	 	 	 
	
                Title

              	 	
                Title

              

      

      

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      Sectio

        
          Section
            4

        

        
          Home
            Purchase/Rental Program Overview

        

      

    

     

    Home
      Buyers

     

    In
      order
      to qualify for reimbursement of allowable home purchase costs, employee must be under contract
      within
      six (6) months following the effective payroll change
      date of his/her
      move.  Assistance is provided in finding a home in the new location as
      quickly and economically as possible. Employees must utilize a Real
      Estate Broker qualified by Altair Global Relocation to be eligible for the
      Home
      Purchase Benefits of this Plan.  The Real Estate Broker will provide a
      qualified, experienced sales agent who will:

     

    
      	
              §  

            	
              Familiarize
                the employee with the new location.

            

    

     

    
      	
              §  

            	
              Review
                the types of housing available in the
                area.

            

    

     

    
      	
              §  

            	
              Discuss
                special needs and interests of the employee and
                family.

            

    

     

    
      	
              §  

            	
              Discuss
                commute times to and from the
                office.

            

    

     

    
      	
              §  

            	
              Assist
                in determining price range of
                homes.

            

    

     

    
      	
              §  

            	
              Pre-screen
                homes in the employee’s price
                range.

            

    

     

    It
      is recommended that the Guaranteed
      Value Offer be established prior to contracting topurchase a new home. The employee
      should contact the broker as soon as possible to schedule the house hunting
      trip(s). Discussing the above information before house hunting will enhance
      productivity of the trips.

     

    
      	
               

            	
              NOTE:

            	
              This
                Plan does not provide for reimbursement of fees for Buyer’s Agents. Such
                commissions/fees should be paid by the
                seller.

            

    

     

     

    Discounted
      Inventory Homes

     

    Discounted
      inventory homes may be available in “as is” condition for ninety-four (94)
      percent of the appraisal value.  To qualify, the employee must contact
      his/her Relocation Consultant.

     

     

    Renters

     

    In
      order
      to assist employees who intend to rent or lease a home or apartment in the
      new
      location, this Plan provides for the payment of a finder’s fee to locate a
      suitable home in the new area.  This provision is limited to a maximum
      of $250 (receipts required), and does not apply to interim living
      rentals. It is applicable only in areas where this charge is typical,
      i.e., New York City; Washington, D.C.

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      Section
        5

    

    
      Mortgage
        Financing Program / Closing Cost

        
          Section
            5

        

        
          Mortgage
            Financing Program/Closing Costs

        

      

    

     

    Altair
      Global Relocation has arrangements with a number of national lenders to provide
      mortgage financing for the purchase of a residence at the new location, where
      such a purchase is made within six (6) months following the effective date
      of
      your payroll change.

     

    Altair
      Global Relocation will wire the funds for covered buyer’s
      closing expenses directly
      to the title company handling the closing. Therefore, the employee only has
      to
      provide funds at closing for expenses that are not covered under the provisions
      of the Plan.

     

     

    Covered
      Closing Expenses

     

    Reasonable,
      customary and non-recurring buyer’s closing costs may include the
      following:

     

    
      	
              §  

            	
              Credit
                Report.

            

    

     

    
      	
              §  

            	
              Document
                Preparation Fee.

            

    

     

    
      	
              §  

            	
              Escrow
                Fee/Settlement Closing Fee.

            

    

     

    
      	
              §  

            	
              Homeowner’s
                Association Transfer Fee.

            

    

     

    
      	
              §  

            	
              Lender’s
                Appraisal Fee.

            

    

     

    
      	
              §  

            	
              Loan
                Origination Fee, Points, or Mortgage Broker Fee not to exceed one
                (1)
                percent.  (Gross-up for federal and state income tax not
                provided).

            

    

     

    
      	
              §  

            	
              Typical
                Inspections including termite, structural, mechanical and
                radon.

            

    

     

    
      	
              §  

            	
              Real
                Estate Transfer Tax.

            

    

     

    
      	
              §  

            	
              Recording
                Fee.

            

    

     

    
      	
              §  

            	
              Title
                Fees (except in states where it is customary for sellers to
                pay).

            

    

     

    
      	
              §  

            	
              Lender
                Required Survey.

            

    

     

    Altair
      Global Relocation will coordinate with the title company to expedite the wiring
      of covered closing costs.  However, should it be necessary to seek
      direct reimbursement from Altair Global Relocation, the following must be
      submitted:

     

    
      	
              §  

            	
              Original
                Settlement Statement, usually the
                HUD-1.

            

    

     

    
      	
              §  

            	
              Receipts
                for any closing-related service or inspections not itemized on the
                closing
                statement.

            

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Non
      Reimbursable Expenses

     

    The
      following expenses, and any other expenses not standard for the area, are not
      reimbursable under the provisions of this program:

     

    
      	
              §  

            	
              Assessments.

            

    

     

    
      	
              §  

            	
              Buyer’s
                Agency Fees (Use of Buyer’s Agents is encouraged, but all commissions must
                be paid by the seller).

            

    

     

    
      	
              §  

            	
              Commitment
                Fee (if separate from Loan Origination
                Fee).

            

    

     

    
      	
              §  

            	
              Duplicate
                Construction Loan Costs.

            

    

     

    
      	
              §  

            	
              Interest.

            

    

     

    
      	
              §  

            	
              Mortgage
                Discount Points (in excess of 1% Loan Origination Fee, Points or
                Mortgage
                Broker Fee).

            

    

     

    
      	
              §  

            	
              Mortgage
                Insurance.

            

    

     

    
      	
              §  

            	
              Taxes.

            

    

     

    
      	
              §  

            	
              Utility
                Adjustments.

            

    

     

    
      	
              §  

            	
              Mortgage
                Pre-Payment Penalties.

            

    

     

    
      	
              §  

            	
              Costs
                typically paid by the seller.

            

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      Section 

        
          Section
            6

        

        
          Lease
            Settlement

        

      

    

    
      Lease
        Settlement

    

     

    Lease
      Settlement

     

    Renters
      who are moving due to a change in work location must notify landlords in writing
      that they will be vacating. Timetables should be set according to the terms
      set
      forth in lease agreements.

     

    Reasonable
      costs associated with breaking a lease will be reimbursed.  They
      include:

     

    
      	
              §  

            	
              Lease
                cancellation fees.

            

    

     

    
      	
              §  

            	
              Untenanted
                rent upon vacate.

            

    

     

    
      	
              §  

            	
              Forfeited
                security deposits.

            

    

     

    Landlord
      charges for cleaning or damages to the premises, beyond normal wear and tear,
      are not reimbursable.

     

    The
      following supporting documentation
      must be provided to the Relocation Consultant:

     

    
      	
              §  

            	
              Copy
                of the lease.

            

    

     

    
      	
              §  

            	
              Letter
                from landlord documenting expenses
                owed.

            

    

     

    
      	
              §  

            	
              Copy
                of check or receipt.

            

    

     

    NOTE:  The
      maximum reimbursement for lease settlement is equivalent to two (2) months’
rent.

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      Section 

        
          Section
            7

        

        
          Interim
            Living/Day(s) of Move

          and
            Transportation
            Expenses

        

      

    

    
      Interim
        Living / Day(s) of
        Move                                        and
        Transportation Expenses

    

     

    Lump
      Sum Allowance

     

    This
      Plan
      provides a lump sum allowance to cover expenses for pre-move house hunting
      trips, interim living and day(s) of move. The Lump Sum Allowance is prepared
      by
      your Relocation Consultant and is based on whether you rent or own at your
      old
      location and the total number of relocating dependents.

     

    Included
      in the lump sum are allowances for:

     

    
      	
              §  

            	
              House
                hunting trips which are based on whether you are a renter or
                homeowner.  House hunting provides for lodging, meals, and
                transportation for the employee and one other relocating
                dependent.

            

    

     

    
      	
              §  

            	
              Interim
                living which provides for lodging, meals, and transportation for
                trips
                home for employee only.

            

    

     

    
      	
              §  

            	
              Meals
                and lodging expenses during day(s)-of-move for employee and all relocating
                dependents.

            

    

     

    
      	
              NOTE:

            	
              If
                the employee already owns a home in the destination city, and that
                home
                will be the employee’s primary place of residence, the lump sum will not
                include pre-move house hunting. Interim living, provisions will be
                adjusted accordingly.

            

    

     

     

    Tax
      Implications

     

    The
      lump
      sum allowance is fully taxable and subject to gross-up tax
      assistance.  See Section 11.

     

    Documentation
      of actual expenses incurred and covered by the lump sum allowance is not a
      requirement; however, it is recommended that the employee keep accurate records
      throughout the relocation for income tax purposes.

     

     

    Day(s)
      of Move

     

    This
      Plan
      provides for reimbursement of actual expenses for transportation cost only
      to
      destination location for employee and relocating dependents during
      day(s)-of-move (receipts required).

     

    AT&T
      will pay for transporting a total of two (2) automobiles per household, if
      they
      are operational and have a current registration.  Employee may drive
      one (1) or both vehicles to the new residence and be reimbursed mileage at
      the
      current authorized rate. (See Transporting Your Automobiles, Section 10, Page
      2.)

     

    
      	
              NOTE:

            	
              AT&T
                will not reimburse
                employee for frequent flyer miles, other travel coupons and/or incentives
                used for day-of-move travel.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Tax
      Implications

     

    A
      portion
      of reimbursed mileage is excluded from compensation, and a portion is considered
      taxable compensation under current IRS guidelines. The amount included in
      compensation is subject to gross-up tax assistance. (See Section
      11.)

     

     

    Trailing
      Spouse

     

    If
      an
      employee has a spouse who is also a company employee, that “trailing spouse” is
      eligible for meals for the number of days actually spent in temporary quarters
      at the new location within the corresponding interim living period of the
      primary relocating employee. This does not include weekends. These expenses
      will
      be reimbursed at the end of the move (receipts required).

     

    NOTE:  Unless
      otherwise specified, it is assumed that the organization of the primary
      relocating employee will bear the expenses of the trailing spouse.

     

     

    Tax
      Implications

     

    Interim
      living expenses reimbursed to the trailing spouse are fully taxable and subject
      to gross-up tax assistance. (See Section 11.)

     

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      Section
        8 
        
          Section
            8

        

        
          Miscellaneous
            Moving Allowance

        

      

    

    
      Miscellaneous
        Moving
        Allowance

      

    

    The
      Miscellaneous Moving Allowance will be calculated by your Relocation Consultant.
      It is provided to cover certain moving expenses not included under the other
      provisions of the Plan. These expenses include, but are not limited
      to:

     

    
      	
              §  

            	
              Utility
                service connection charge, including any applicable telephone connection
                charge.

            

    

     

    
      	
              §  

            	
              Removal
                or installation of articles secured to the premises or plumbing,
                electrical, or carpentry services
                necessary.

            

    

     

    
      	
              §  

            	
              Installation
                cost of telephone service, connection charge, move or change
                charge.

            

    

     

    
      	
              §  

            	
              Piano
                tuning.

            

    

     

    
      	
              §  

            	
              Driver’s
                and car license reissues, registration, and applicable sales
                tax.

            

    

     

    
      	
              §  

            	
              Deposits,
                dues, etc. for clubs, private schools, health clubs, safe deposit
                boxes,
                etc.

            

    

     

    
      	
              §  

            	
              Transportation
                of live plants.

            

    

     

    
      	
              §  

            	
              Disassembly
                and reassembly of recreational or custom accessories (e.g., swing
                set,
                wall units, pool tables, etc.).

            

    

     

    
      	
              §  

            	
              Child
                care.

            

    

     

    
      	
              §  

            	
              Cleaning
                of former and new residence, yard maintenance, trash removal,
                etc.

            

    

     

    
      	
              §  

            	
              Notary
                Fees.

            

    

     

    
      	
              §  

            	
              Cab/limousine
                fares and tolls.

            

    

     

    
      	
              §  

            	
              Fees
                charged by airlines to change previously ticketed
                flights.

            

    

     

    
      	
              §  

            	
              Unrefunded
                or unexpired deposits, dues, etc.

            

    

     

    
      	
              §  

            	
              Local
                transportation to and from work and
                parking.

            

    

     

    
      	
              §  

            	
              Local
                transportation for house hunting.

            

    

     

    
      	
              §  

            	
              Alteration,
                replacement, and installation cost of floor covering, drapes, and
                window
                accessories.

            

    

     

    
      	
              §  

            	
              Expenses
                incurred in connection with animals such as shipment of pets and
                horses,
                charges for license fees for pets, kennel fees, and other associated
                expenses.

            

    

     

    
      	
              §  

            	
              Exterminating
                and fumigating.

            

    

     

    
      	
              §  

            	
              Loss
                on unused frozen foods, fuel, fireplace wood, animal feed and unused
                building materials such as lumber, bricks, and flagstone. The cost
                of
                moving these items is prohibitive relative to
                value.

            

    

     

    
      	
              §  

            	
              Outside
                services for excessive or unusual moving needs (hiring a forklift
                or
                crane, etc.).

            

    

     

    
      	
              §  

            	
              Unexpired
                insurance (residence, automobile, or household
                appliances).

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              §  

            	
              Tips
                to movers.

            

    

     

    
      	
              §  

            	
              Appraisals
                of art or antiques for insurance
                claims.

            

    

     

    In
      the event that the transferred employee and the trailing spouse are both
      employed by AT&T or a subsidiary thereof, and both the employees are
      transferred simultaneously, the allowance will be calculated on the higher
      base
      salary.

     

    
      	
              NOTE:

            	
              The
                employee should keep a record of all money spent for expenses in
                the above
                since some of these expenses may be deductible on the employee’s tax
                return together with other expenses defined as deductible. Employee
                should
                consult IRS Publication 521, Moving
                Expenses.

            

    

     

    Tax
      Implications

     

    The
      miscellaneous moving allowance is considered taxable compensation, and is not
      eligible for gross-up tax assistance. Taxes will be withheld at the applicable
      Federal and State supplemental rates and the applicable local tax rate. Social
      Security and Medicare taxes will also be withheld at the applicable rates before
      issuing the check.

     

    

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      Section 

        
          Section
            9

          Spousal/Partner
            Career Assistance

        

      

    

    
      Spousal
        / Partner Career
        Assistance

       

      

    

    AT&T
      provides Spousal/Partner Career Assistance for job-seeking spouses/partners
      of
      employees who accept relocation assignments. Services may be initiated for
      the
      spouse/partner after relocation has been approved and initiated for the
      transferring employee.

     

     

    Program
      Components

     

    This
      benefit is designed to help spouses/partners
      with successful
      career/job transitions in a new community. Following a personal needs assessment
      telephone call, a customized program is designed and delivered which may
      include: assessment and profiling, resume development, targeting of potential
      job sources/employers/recruiters and/or networking contacts, job search
      communications guidance/training, assistance in interviewing, follow-up and
      salary negotiation.

     

    Program
      components may also include exploration and assessment for those considering
      career changes, help for the spouse/partner pursing an executive career track
      or
      entrepreneurial ventures, and specific program tracks for teachers, health
      care
      professionals, administrative personnel and other professions.

     

    The
      spouse/partner career consulting services provided through this benefit do
      not
      guarantee employment. However, services provided do help spouses/partners seek
      employment and enable them to understand the responsibilities and actions needed
      to obtain re-employment in a new location.

     

     

    Eligibility

     

    The
      spouse/partner is eligible to initiate services for up to six (6) months from
      the effective date of your payroll change. Any employee/spouse/partner
      interested in this provision must contact his/her Relocation Consultant during
      this time period.

     

     

    Tax
      Implications

     

    Fees
      for
      services provided by Vandover are paid by AT&T and are considered taxable
      compensation to the relocating employee.  Spousal/Partner Career
      Assistance is subject to gross-up tax assistance. (See Section 11.)

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      Section
        10 
        
          Section
            10

        

        
          Movement
            and Insurance of Household Goods

        

      

    

    
      Movement
        and Insurance of Household
        Goods

    

     

    Movement
      of Household Goods

     

    AT&T
      has contracts with van lines offering substantial discounts to handle the
      movement of household goods.

     

    This
      provision covers payment for the
      transportation of household goods and personal belongings located in the
      employee’s primary residence in the departure city as of the date of initiation
      into the relocation program to the primary residence in the destination city.
      Coverage includes:

     

    
      	
              §  

            	
              Packing

            

    

     

    
      	
              §  

            	
              Loading

            

    

     

    
      	
              §  

            	
              Unloading

            

    

     

    
      	
              §  

            	
              Transportation

            

    

     

    
      	
              §  

            	
              Storage
                (maximum of sixty
                (60) days)

            

    

     

    
      	
              §  

            	
              Insurance

            

    

     

    
      	
              §  

            	
              Crating
                (only if authorized by AT&T)

            

    

     

    Upon
      selection of a carrier, the Relocation Consultant will prepare a Purchase Order
      and forward a copy to the carrier.

     

    Packing
      and loading dates should be arranged between the employee and the mover with
      every attempt made to provide these services on the dates requested. However,
      keep in mind that Altair Global Relocation cannot authorize the additional
      cost
      of weekend or holiday service.

     

    Employees
      must be at the old residence when the movers arrive to pack and at the new
      home
      when goods are delivered. Insurance will be provided on a replacement value
      basis, subject to limitations (see Insurance on Shipment of Household Goods
      in
      this section).

     

    Should
      goods be lost or damaged, documents of ownership and the value of the specific
      items claimed will be required (please refer to Insurance on Shipment of
      Household Goods for details regarding insurance and claims).

     

    Moving
      costs are paid directly to the mover.

     

     

    Storage

     

    This
      Plan
      allows payment for a maximum of sixty (60) days of storage in a warehouse
      facility provided by the mover (climate control storage is not
      included).  No exceptions will be made for employees who choose to
      build in the new location.  Temporary storage of household goods to
      accommodate plans for vacation or side trips en route to employee’s new home,
      initial fix-up of the new home, or to delay mortgage payments will NOT be
      authorized. However, if 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    employee
      elects to store longer than sixty (60) days, at his/her expense, insurance
      coverage will continue until household goods are delivered out.

     

    NOTE:                      Motorized
      vehicles and boats are not authorized for storage.

     

     

    Delivery
      of Household Goods

     

    Upon
      delivery of goods to the new residence, all items should be closely inspected
      for damage and loss. The number and condition of items should coincide with
      the
      inventory sheet prepared at origin. Note all discrepancies on the driver’s and
      employee’s inventory sheets, such as “missing”, “broken”, “scratched”, etc., and
      have the van line representative sign employee’s copy.

     

    If
      loss
      or damage does occur, please refer to Insurance on Shipment of Household Goods
      in this section for claim handling procedures.

     

    When
      unloading and unpacking is completed, the driver will ask the employee to sign
      the bill of lading and inventory sheets to certify receipt of services,
      including any unpacking.  At this time, any damage or loss to goods
      should be noted. If certain services were not performed by the carrier, make
      a
      specific notation in the appropriate column on the bill of lading and request
      the driver to verify by signing.

     

    It
      is
      recommended that all containers which the carrier did not unpack be inspected
      within forty eight (48) hours and checked for concealed damage.

     

    Tax
      Implications

     

    In
      accordance with current IRS regulations, the amount paid by the Company to
      or on
      behalf of the employee associated with the movement of household goods and
      storage of household goods up to 30 days is excludable from income and not
      reportable on Form W-2.  Therefore, no gross-up is necessary for these
      expenses.  Storage of household goods in excess of 30 days up to 60
      days is taxable compensation to the employee and is eligible for gross-up tax
      assistance.  See Section 11.

     

     

    Transporting
      Your Automobiles

     

    AT&T
      will pay for transporting a total of two (2) automobiles per household, if
      they
      are operational and have a current registration.  Employee may drive
      one (1) or both vehicles to the new residence and be reimbursed mileage at
      the
      current Company authorized
      rate. (See
      Day(s) of Move, Section 7, Page 1.)

     

    
      	
              NOTE:

            	
              One
                (1) car may be pre-shipped, on an overflow basis, separate from your
                household goods.

            

    

     

     

    Services
      NOT Authorized

     

    The
      following services are not paid for separately but are provided for in the
      miscellaneous moving allowance (see Section 8). These services may include,
      but
      are not limited to:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              §  

            	
              Disassembly/Assembly
                - play gyms, sheds, T.V./radio antennas, swing sets, exercise equipment,
                computer desks, entertainment centers, pool tables, chandeliers,
                above
                ground swimming pools, flagpoles, etc. Such items may be transported
                if
                they are disassembled prior to packing. If movers assemble or disassemble
                any unusual items, employees will be required to pay the mover
                directly.

            

    

     

    
      	
              §  

            	
              Servicing
                grandfather clocks.

            

    

     

    
      	
              §  

            	
              Establishing
                Services - installing power, water/gas lines,
                etc.

            

    

     

    
      	
              §  

            	
              Parts
                and/or labor required for appliance disconnect/reconnect will be
                at the
                employee’s expense.

            

    

     

    
      	
              §  

            	
              Assembly
                or hook up of electronic equipment such as stereos, VCRs, TVs, computers,
                etc.

            

    

     

    
      	
              §  

            	
              Excess
                Insurance Charges – beyond the “all risk” insurance coverage (i.e., flood,
                fire, and civil disturbance) provided by the Company while goods
                are in
                storage or transit.

            

    

     

    
      	
              §  

            	
              Exclusive
                use of moving van or space
                reservation.

            

    

     

    
      	
              §  

            	
              Unauthorized
                extra pickups or deliveries. (Any charges associated with
                an extra stop are the
                transferee’s
                responsibility.)

            

    

     

    
      	
              §  

            	
              Unauthorized
                overtime packing and unpacking.

            

    

     

    
      	
              §  

            	
              Unauthorized
                crating.

            

    

     

    
      	
              §  

            	
              Packing
                and/or movement of household goods from attics and/or crawl
                spaces.

            

    

     

     

    Items
      NOT Authorized for Transportation

     

    The
      following is a list of items for which AT&T will not
authorize transportation.  Movement of:

     

    
      	
              §  

            	
              Wine
                Collections.

            

    

     

    
      	
              §  

            	
              Art
                Collections (in excess of $5,000).

            

    

     

    
      	
              §  

            	
              More
                than two (2) automobiles.

            

    

     

    
      	
              §  

            	
              More
                than two (2) motorcycles or small two (2)- or four (4)-wheel recreational
                vehicles.

            

    

     

    
      	
              §  

            	
              Spas/Hot
                Tubs.

            

    

     

    
      	
              §  

            	
              Live
                plants, shrubs or trees.

            

    

     

    
      	
              §  

            	
              Firewood
                or construction material.

            

    

     

    
      	
              §  

            	
              Animals.

            

    

     

    
      	
              §  

            	
              Frozen/perishable
                foods.

            

    

     

    
      	
              §  

            	
              Aircraft.

            

    

     

    
      	
              §  

            	
              Liquids
                in unsafe containers/flammable
                liquids.

            

    

     

    
      	
              §  

            	
              Valuable
                papers/jewelry, photographs, personal video tapes,
                etc.

            

    

     

    
      	
              §  

            	
              Tractors/farm
                equipment larger than normally required for yard and garden
                maintenance.

            

    

     

    
      	
              §  

            	
              Any
                goods/materials prohibited by law.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              §  

            	
              Campers
                and motor homes.

            

    

     

    
      	
              §  

            	
              Satellite
                dishes.

            

    

     

    
      	
              §  

            	
              Boats
                in excess of twenty-six (26) feet.

            

    

     

    
      	
              §  

            	
              Collectibles,
                including but not limited to coins, stamps and trading
                cards.

            

    

     

    
      	
              §  

            	
              Propane/Butane
                tanks.

            

    

     

     

    Just
      Before the Movers Arrive

     

    
      	
              §  

            	
              Separate
                and mark items clearly (such as luggage and garage door openers)
                that will
                not be sent by the mover.

            

    

     

    
      	
              §  

            	
              Leave
                in place any breakables to be packed by
                movers.

            

    

     

    
      	
              §  

            	
              Move
                items to be packed and/or transferred from attic to main area of
                home.

            

    

     

    
      	
              §  

            	
              Arrange
                for storage at destination if new home will not be ready when household
                goods arrive.

            

    

     

    
      	
              §  

            	
              Check:

            

    

     

    
      	
              ­  

            	
              Clothes
                at cleaners

            

    

     

    
      	
              ­  

            	
              Shoes
                at repair shop

            

    

     

    
      	
              ­  

            	
              Sports
                equipment in locker

            

    

     

    
      	
              §  

            	
              Close
                and lock all windows and doors.

            

    

     

    
      	
              §  

            	
              Defrost
                refrigerator or freezer at least thirty-six (36) hours in
                advance.  Clean and wipe them thoroughly dry.  Movers
                will not accept mold stains as transit
                damage.

            

    

     

    
      	
              §  

            	
              Disassemble
                items employee is
                responsible for, unless prior arrangements have been made with the
                movers.

            

    

     

     

    Insurance
      for Shipment of Household Goods

     

    Transported
      property is insured at replacement value against loss and/or damage from any
      external cause, including strikes, riots and civil commotions.

     

    Only
      those items which are packed and/or stored by the moving company are covered
      by
      insurance.

     

    Employees
      are automatically insured against all physical loss or damage for replacement
      value of up to $150,000.00 while the items are in transit or storage, subject
      to
      limitations. In the event the value of an employee’s personal effects
      exceeds $150,000, the employee should make their own arrangements for extra
      insurance coverage using their miscellaneous moving
      allowance.

     

    If
      you
      have personal insurance, check with your insurance agent for additional
      insurance of your personal property while it is being moved. It is prudent
      to
      keep this coverage in force throughout your move, until you have obtained
      permanent insurance at your new location. Employees should consider purchasing
      insurance for their antiques, other collectibles and/or collections, as they
      are
      not covered under this Plan.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Covered
      items and limitations include:

     

    
      	
              §  

            	
              Automobiles
                and trailers are covered only while in the custody of the
                moving company or while being driven between the employee’s residence and
                the shipping point.

            

    

     

    
      	
              §  

            	
              Boats
                up to twenty-six (26) feet in
                length.

            

    

     

    
      	
              §  

            	
              Jewelry
                and furs up to $50 for each item, not to exceed $500 for a single
                claim.

            

    

     

    
      	
              §  

            	
              Fine
                art and antiques up to $5,000 per
                shipment.

            

    

     

    Items
      not covered under this Plan include, but are not limited
      to:

     

    
      	
              §  

            	
              Bills,
                credit cards, currency, deeds, evidence of debt, money, notes, securities,
                bullion, collectibles.

            

    

     

    
      	
              §  

            	
              Any
                item not shipped under this Plan.

            

    

     

    
      	
              §  

            	
              Live
                plants, animals, and perishable
                foodstuffs.

            

    

     

    
      	
              §  

            	
              Automobiles
                and trailers, while being driven over the highway, except while being
                driven by the mover’s agent from the residence of the employee to the
                shipping point of the common carrier and vice
                versa.

            

    

     

    Employees
      should determine that they have adequate insurance to cover the above items
      to
      the extent not covered by company-provided insurance, as well as coverage for
      items moved in the employee’s personal car. Such coverage may or may not be
      provided for in a homeowner’s-type policy. Employee should contact his/her
      insurance agent to be certain.

     

    The
      employee is expected to be present during the loading of household goods to
      make
      sure possessions are fully inventoried.  Articles left in drawers
      cannot be counted in the inventory.

     

    When
      goods arrive at the new home, inspect them and note any exceptions on the
      carrier’s copy of the bill of lading or inventory.

     

    
      	
              NOTE:

            	
              Be
                certain that important or valuable papers or documents of any kind,
                stamp
                collections, monies, jewelry or valuable furs are not
                included in the shipment by van. This is extremely important because
                neither the mover, the insurance company, nor AT&T will accept
                liability for these items.

            

    

     

    AT&T
      contracts with an independent firm for the processing of insurance claims
      related to damage incurred to personal property during the movement of
      employee’s household goods and personal belongings.

     

    Employees
      should contact the Relocation Consultant for assistance in initiating a claim.
      Claims for insurance must be filed with UNIRISC within six months
      of
      delivery to final residence. Claim forms are available on the AT&T
      intranet.

     

    Should
      it
      become necessary to file a claim for loss or damage, inspect all items, noting
      the damage and/or loss on the carrier’s copy of the bill of lading and add to
      the notation, “Subject to Further Inspection.” Make sure the driver signs the
      bill of lading. Employees must keep a copy of the bill of lading and inventory
      sheets. Information from these documents is required to process the
      claim.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              NOTE

            	
              It
                is the employee’s responsibility to establish proof of ownership and value
                to the carrier in case of loss or damage. The costs associated with
                this,
                such as obtaining appraisals of antiques or works of art, are covered
                by
                the Miscellaneous Moving Allowance. Appraisals obtained by the employee
                for insurance purposes may be
                sufficient.

            

    

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      Section
        11 
        
          Section
            11

        

        
          Tax
            Aspects of Relocation

        

      

    

    
      Tax
        Aspects of
        Relocation

    

     

    Introduction

     

    This
      section addresses the tax consequences of a company-initiated relocation and
      defines the tax “gross-up” method.

     

    Tax
      Implications Overview

     

    Most
      reimbursements for relocation expenses, whether paid to the employee as a direct
      reimbursement or paid to another on his/her behalf, are earned taxable income
      to
      the employee.  An exception to this rule is that certain
      reimbursements are excluded from income as follows:

     

    
      	
              §  

            	
              Reimbursements
                related to the shipment of household goods and the first thirty (30)
                days
                of storage.

            

    

     

    
      	
              §  

            	
              Reimbursements
                related to travel and lodging at the time of the
                move.

            

    

     

    Tax
      Gross-Up Method

     

    Under
      the
      gross-up method, an allowance is computed according to established guidelines
      to
      cover the anticipated tax on reimbursements (and the subsequent tax on tax
      reimbursement). Payment of this allowance will be made directly to the Federal,
      State, and local Governments (where applicable) on behalf of the employee.
      The
      Company has determined that the gross-up will be calculated using the applicable
      Federal and State supplemental tax rates, and the applicable local tax
      rate.  Social Security and Medicare tax rates will also be
      utilized.

     

    The
      termination or resignation of a relocated employee in the same year that
      relocation benefits were allowed does not eliminate the tax obligation by the
      employee’s company. Gross-up payments will be made regardless.

     

    Employee
      Responsibility

     

    Gross-up
      tax assistance calculated on behalf of each employee is designed to meet the
      withholding obligation of the applicable taxing authority. The gross-up tax
      assistance calculated is not meant to meet all tax obligations of the
      employee.

     

    In
      the
      event the gross-up tax assistance does not cover an employee’s tax liability,
      the employee is responsible for any additional tax. The gross-up tax assistance
      is not subject to appeal by the employee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Altair
      Global Relocation Responsibility

     

    When
      form
      W-2 Wage and Tax Statement is issued, the payroll office or Altair Global
      Relocation will provide the employee with a Summary of Relocation Expenses
      for
      the year.

     

    
      	
              NOTE:

            	
              Because
                of the complexities of income tax laws, Altair Global Relocation,
                AT&T, etc., will not assume responsibility or become involved with
                regard to the employee’s income tax reporting, filing or calculation. It
                is, therefore, recommended that employee(s) seek professional advice
                and
                assistance in this matter; however, charges for such assistance are
                not
                reimbursable.

            

    

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     
      
        Section
          12

      

      
        Relocation
          Repayment Agreement

      

    

    
      Section
        12

    

    
      Relocation
        Repayment
        Agreement

    

     

    The
      attached Repayment Agreement must be signed by the relocating employee and
      transmitted to Altair Global Relocation before any relocation payments can
      be
      disbursed.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    RELOCATION
      REPAYMENT REIMBURSEMENT AGREEMENT

     

    I,
      _________________________, have accepted a position with
      ___________________(name of company or subsidiary “Company”) which involves
      relocation, and may result in payment by Company of costs and tax allowances
      to
      me or to third parties on my behalf, under the terms of the AT&T Relocation
      Plan (the “Plan”). These costs may include, but are not limited to, service fees
      paid to the vendor for administration of the terms of the plan, household moving
      expenses, appraisal fees, etc., (“Relocation Expenses”). The Company or my
      relocation assistance vendor will provide me with a statement detailing all
      Relocation Expenses within a reasonable time after such expenses have been
      fully
      identified.

     

    In
      consideration of Company incurring such Relocation Expenses, I agree to repay
      Company such Relocation Expenses in full in the event that I cancel my
      acceptance of the job cited above and do not report to work in the new location,
      or if I decide not to work for the Company or sever my employment with the
      Company for any reason within my control within twelve (12) months from the date
      such Relocation Expenses were last incurred.

     

    To
      cover
      repayment of the Relocation Expenses, I authorize Company to deduct up to half
      of my final paycheck or any other monies Company owes to me, if any. If any
      such
      deduction is insufficient to cover repayment of the Relocation Expenses, I
      agree
      to repay the balance to Company within 30 days of the date I decide not to
      work
      for Company or terminate my employment with Company.

     

    I
      understand that I will be solely responsible for any tax consequences arising
      from any reimbursement I may be required to make to the Company as a result
      of
      this Agreement.

     

    This
      Agreement in no way constitutes or implies, nor shall it be construed as
      constituting or implying, any guarantee or contract of employment. I understand
      that my eligibility for relocation benefits is controlled by the terms of the
      Plan. This Agreement cannot be changed or modified except in writing, signed
      by
      me and an authorized representative of the Company. I understand that any oral
      or written representations about this subject which are not contained in this
      Agreement are no longer effective. I have entered into this Agreement freely,
      knowingly and voluntarily.

     

    I
      UNDERSTAND AND ACKNOWLEDGE THAT MY EXECUTION OF THIS RELOCATION EXPENSE
      REIMBURSEMENT AGREEMENT IS A CONDITION OF MY ELIGIBILITY FOR BENEFITS UNDER
      THE
      AT&T RELOCATION PLAN.

     

    

    ______________________________                                __________________________

    Signature                                                                                     Social
      Security Number

     

    ______________________________                                __________________________

    Print
      Name                                                                                   Date

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Section
      13

    Helpful
      Hints / Contacts / Telephone Numbers

    Helpful
      Hints

     

    During
      the rush and stress of moving, it is easy to forget small but important details.
      Following is a checklist for your use in keeping track of some of the more
      common items. This list is not meant to be all-inclusive.

     

    
      	
              CATEGORY

            	
              ACTION

            	
              DONE

            
	
              Insurance

            	
              Check
                homeowner's policy to determine coverage if home is left
                vacant.

            	 
	
              Notify
                all agents (life, fire, car, health, etc.) of the impending
                move.

            
	
              Be
                sure family medical/dental/life plans are in force in the new
                location.

            
	
              Banking

            	
              Close
                out savings and checking accounts.

            	 
	
              Notify
                banks where to send final account statements.

            
	
              Remove
                valuables from safe deposit boxes or have the bank forward them to
                the new
                location by registered or insured mail.

            
	
              Notify
                finance companies, stores, or any other current lenders of the new
                address.

            
	
              Arrange
                for sufficient cash or traveler's checks to cover expenses until
                new
                banking arrangements can be made.

            
	
              Cancel
                automatic drafts on mortgage loan.

            
	
              Change
                of Address Notification

            	
              File
                a change of address card with the post office one week before
                leaving.

            	 
	
              Send
                change of address cards to magazine or newspapers.

            
	
              AT&T
                Benefits

            	
              Check
                with Supervisor or Benefit Office on change of medical, dental, etc.
                benefits

            	 
	
              Records

            	
              Arrange
                for transfer of the following records:

              §  Legal
                papers (check with attorney to see if current will is valid in new
                state)

               

              §  Bank/savings
                and loan

               

              §  Doctors
                and dentists (including prescriptions for glasses and/or medicines,
                records of inoculations and allergies, dates of last physical
                examination)

               

              §  Church

               

              §  Fraternal
                organizations

               

              §  Animal
                (pets)

               

              §  School
                transcripts

               

              §  Birth
                certificates

               

              §  Tax
                records

               

            	 
	
              Records

              (continued)

            	
              Be
                sure to take copies of:

              §  Marriage
                license

               

              §  Real
                estate settlement statements

               

            	 
	
              Taxes

            	
              Be
                sure state and city taxes are current

            	 
	
              Keys

            	
              Surrender
                house keys and garage door opener to the new owner or
                agent

            	 
	
              Miscellaneous

            	
              Take
                along a copy of old phone directories (they may come in
                handy)

            	 

    

    

     

    

     

    
      	
              SERVICES
                TO BE DISCONTINUED

            	
              DATE

            
	
              Telephone
                Company (deposit refund?)

            	 
	
              Electric
                Company (deposit refund?)

            	 
	
              Water
                Company (deposit refund?)

            	 
	
              Gas
                Company (deposit refund?)

            	 
	
              Fuel
                Oil Company (have them measure the remaining oil)

            	 
	
              Home
                Deliveries (milk, newspapers)

            	 
	
              Laundry
                and Dry Cleaning services

            	 
	
              Garbage
                Collection

            	 
	
              Diaper
                Services

            	 
	
              Lawn
                / Pool Services

            	 
	
              Pest
                Control Services

            	 
	
              Alarm
                Services

            	 
	
              Cable
                and / or Internet Services

            	 
	
              Leased
                Services (i.e. satellite dishes, furniture, water softeners,
                etc.)

            	 

    

    

     

    In
      choosing Options 1 or 2 of the Home Sale Assistance Program and requesting
      final
      readings on all utilities, instruct these companies to mail the final bill
      to
      the new address. Notify Altair Global Relocation of the date of your final
      utility readings so that they can arrange for continuation of
      services.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Important
      Contacts and Telephone Numbers

     

    During
      relocation, numerous telephone numbers will become vital.  Following
      is a list of the numbers employees will use most often.  Also included
      are spaces for the names and numbers of relocation consultants, realtors, van
      lines, etc., after they are assigned.

     

    
      	
              Altair
                Global Relocation

            	
              877.290.8500

            

    

     

    
      	
              Vandover

            	
              314.576.0010

              800.822.7345

            

    

     

     

    

    
      	
              Van
                Line Company:

              Phone:

            
	
              Relocation
                Consultant:

              Phone:

            
	
              Realtor
                (old location):

              Phone:

            
	
              Realtor
                (new location):

              Phone:

            
	
              Lender
                (new location):

              Phone:

            
	
              Insurance
                Company:

              Phone:

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Employee
      Assistance Counseling

     

     

    A
      major
      career move can be overwhelming in many ways. AT&T offers an Employee
      Assistance Program (EAP) to assist the employee and his/her family in managing
      this transition.

     

    The
      EAP
      counselors provide confidential, professional counseling to employees who may
      find themselves experiencing personal difficulties during or after the
      move.

     

    EAP
      counseling services include:

     

    
      	
              §  

            	
              Marital
                or family counseling.

            

    

     

    
      	
              §  

            	
              Work-related
                concerns.

            

    

     

    
      	
              §  

            	
              Interpersonal
                difficulties.

            

    

     

    
      	
              §  

            	
              Personal
                growth and development issues.

            

    

     

    
      	
              §  

            	
              Alcohol
                or drug abuse.

            

    

     

    All
      records and activities are maintained in strict confidence in accordance with
      medical ethics and state laws. If an employee needs assistance, he/she should
      contact an EAP counselor directly at 1.800.554.6701.Exhibit 10.1

                     Mid-Wisconsin Financial Services, Inc.
               Incentive Compensation Plan for Executive Officers

      The Incentive Compensation Plan for Executive Officers provides that 80%
of the maximum award for each participant will be based on the achievement by
the Company of targeted levels of consolidated net income and return on average
equity, with the remaining 20% of the maximum award dependent upon the
achievement of personal objectives that are directly related to the specific
duties and job responsibilities of the individual executive. No participant
shall be entitled to an award unless the Targeted level of earnings is
achieved. The Board of Directors has discretion to award participants' payment
under this Plan if Targeted levels of earnings and return on equity are not
achieved.

      Incentive income based upon consolidated net income and return on average
equity can be earned based on the following performance criteria:

<TABLE>
                      Consolidated Net Income**
                      as % of Targeted Consolidated Net Income
<CAPTION>
ROE* As % of
Targeted ROE    90%    92%    96%    100%    104%    108%    110%
<S>             <C>    <C>    <C>     <C>     <C>     <C>    <C>
    93%          0      0      0      20      25      40      50

    95%          0      0      0      30      35      47      60

    97%          0      0     10      40      45      53      70

   100%          0      0     20      50      55      60      80

   104%          0     10     30      52      60      68      90

   108%          0     20     40      55      65      76     100

   110%          0     30     50      60      75      86     100
<FN>
              *Return on average equity
              **Consolidated net income amount includes expense associated with
               the plan
</TABLE>

      The Board has the discretion to set the Targeted level of earnings at an
amount equal to or greater than the budgeted level of consolidated net income
and return on equity for a given year. Also, the Board has discretion to
include or exclude certain transactions from the calculations.
<PAGE>

      The following table sets forth the range of incentive compensation,
expressed as a percentage of base salary that can be earned under the plan.

<TABLE>
Potential Award as a Percentage of Base Salary
<CAPTION>
                              Threshold*       Target              Maximum
<S>                              <C>           <C>                   <C>
President and CEO                9.0%            25%                 50%
Principal Financial Officer      7.2%            20%                 40%
Secretary                        6.3%          17.5%                 35%
Vice President                   4.5%          12.5%                 25%
<FN>
* Assumes achievement of 50% of personal objectives and achievement of base
  financial performance objectives.
</TABLE>

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