Document:

ex10pi.htm

    Exhibit
      10-p(i)

    CONSENT
      OF THE

    EXECUTIVE
      COMMITTEE OF

    THE
      BOARD
      OF DIRECTORS

    OF
      PACIFIC TELESIS GROUP

    IN
      LIEU
      OF A MEETING

    

    

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

    

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

    

                THEREFORE,
      BE IT:

    

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

    

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

     

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

    

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

    

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

     

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

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

    

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

    

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

    

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

    

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

    

    

    

    

    

    Royce
      S.
      Caldwell

    James
      D.
      Ellisex10q.htm

    Exhibit
10-q

    PACIFIC
TELESIS GROUP

    OUTSIDE
DIRECTORS' DEFERRED STOCK UNIT PLAN

    

    

    ARTICLE
1.     INTRODUCTION.

    

    The Plan
was adopted by the Board on January 26, 1996, to be effective May 2,
1996.  This Plan replaces the Retirement Plan for (a) Outside
Directors whose Service commences on or after January 1, 1996, and (b) Outside
Directors whose Service commenced before January 1, 1996, but who elect to
participate in this Plan in lieu of the Retirement Plan, either as to their
entire benefit or as to a portion of their benefit under the Retirement
Plan.

    

    The
purpose of the Plan is to provide compensation to Outside Directors in a form
that aligns their interests with the interests of the Company's
stockholders.  The Plan provides for grants of Stock Units whose value
at any given time is equal to the value of shares of Common Stock.

    

    ARTICLE
2.     ADMINISTRATION.

    

    The Plan
shall be administered by the Committee.  The Committee shall (a)
interpret the Plan and (b) make all other decisions relating to the operation of
the Plan.  The Committee may adopt such rules or guidelines as it
deems appropriate to implement the Plan.  The Committee's
determinations under the Plan shall be final and binding on all
persons.

    

    ARTICLE
3.     ELIGIBILITY AND PARTICIPATION.

    

    3.1  Commencement
of Participation.  Participation in the Plan shall be limited to
Outside Directors who either:

    

         (a)  Start
serving as Outside Directors on or after January 1, 1996; or

    

         (b)  Started
serving as Outside Directors before January 1, 1996, but elected to participate
in this Plan pursuant to Section 3.2.

    

    Eligible
Outside Directors shall begin participating in the Plan on May 2, 1996, or when
their Service commences, whichever is later.

    

    3.2  Election
To Participate in This Plan.  This Section 3.2 shall apply to each
Outside Director who was an Outside Director both on December 31, 1995, and on
January 1, 1996.  Such Outside Director shall elect in accordance with
the following alternatives:

    

         (a)  If
the Outside Director's annual benefit accrued under the Retirement
Plan as of May 1, 1996 is equal to 100% of the annual retainer payable to
Outside Directors, the Outside Director may elect to remain a participant in the
Retirement Plan; or the Outside Director may elect to become a Participant in
this Plan and to waive all benefits under the Retirement Plan (whether such
benefits are attributable to Service before or after January 1,
1996).

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

         (b)  If
the Outside Director's annual benefit accrued under the Retirement Plan as of
May 1, 1996, is less than 100% of the annual retainer payable to Outside
Directors, the Outside Director may elect to remain a participant in the
Retirement Plan as to the Outside Director's prorate accrued benefit and receive
only certain benefits under this Plan as described under Section 4.2 below, or
the Outside Director may elect to become a Participant in this Plan as to his or
her entire retirement benefit and to waive all benefits under the Retirement
Plan (whether such benefits are attributable to Service before or after January
1, 1996).

    

    The
election  under this Section 3.2 shall be made in writing on or before
May 1, 1996, and shall be irrevocable thereafter.

    

    3.3  Termination
of Participation.  Participation in the Plan shall terminate when the
Outside Director has received all benefits payable to him or her under the
Plan.

    

    ARTICLE
4.     NUMBER OF STOCK UNITS.

    

    4.1  General
Rule.  Each Outside Director who began serving as Outside Director on
or after January 1, 1996 shall receive 400 Stock Units for each calendar year in
which he or she meets the following requirements:

    

         (a)  The
Outside Director is a Participant on January 1 of such year; and

    

         (b)  The
Outside Director will not receive any grant of shares of Common Stock at any
time during such year under the Pacific Telesis Group 1994 Stock Incentive Plan
or any other plan of the Company.

    

    The grant
of Stock Units for a calendar year shall occur as of the date of the regular
annual meeting of the Company's shareowners for such year.

    

    4.2  One-Time
Grant for Pre-1996 Directors.  Each Participant whose Service
commenced before January 1, 1996, and who has elected to become a participant
under this Plan as to his or her entire retirement benefit shall receive a grant
of Stock Units as of May 2, 1996.  The number of Stock Units included
in such grant shall be equal to:

    

         (a)  The
Present Value of the Participant's accrued benefit under the Retirement Plan as
of May 1, 1996, divided by

    

         (b)  The
closing price of one share of Common Stock reported by the New York Stock
Exchange Composite Transactions Report (as set forth in the Western Edition of
The Wall Street Journal) for the last trading day prior to May 2,
1996.

    

    The
number of Stock Units shall be rounded to the nearest multiple of
five.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4.3  Additional
Grant for Certain Pre-1996 Directors.  This Section 4.3 shall apply to
each Participant whose Service commenced before January 1, 1996, and whose
annual benefit accrued under the Retirement Plan as of May 1, 1996, is less than
100% of the annual retainer payable to Outside Directors.

    

         (a)  Numbers
of Stock Units Granted A Participant described in this Section 4.3 shall receive
an additional grant of Stock Units determined as follows:

    

              (i)  There
shall be calculated the hypothetical Present Value of the Participant's accrued
benefit under the Retirement Plan as of the Full Accrual Date, assuming that the
Participant had continued to participate in the Retirement Plan until the Full
Accrual Date and from such amount shall be subtracted the Present Value of the
Participant's accrued benefit in full years under the Retirement Plan as of May
1, 1996.

    

              (ii)
The Participant shall receive an additional grant of Stock Units as of May 2,
1996.  The number of Stock Units included in such additional grant
shall be equal to the amount calculated under (i) above, divided by the closing
price of one share of Common Stock reported by the New York Stock Exchange
Composite Transactions Report (as set forth in the Western Edition of The Wall
Street Journal) for the last trading day prior to May 2, 1996.

    

    The
number of Stock Units shall be rounded to the nearest multiple of
five.

    

         (b)  Vesting
of Stock Units and Associated Dividend Equivalents.  In determining
the number of Stock Units (and dividend equivalents associated with such Stock
Units) available for settlement and distribution under Article 6, the Stock
Units and associated dividend equivalents granted under this Section 4.3 shall
vest annually as of the date of the regular annual meeting of the Company's
shareowners on a prorata basis during the years between May 2, 1996 and the
Outside Director's Full Accrual Date.

    

    ARTICLE
5.     DIVIDEND EQUIVALENTS.

    

    Prior to
settlement, each Stock Unit shall carry with it the right to dividend
equivalents.  Such right entitles the Participant to be credited with
an amount equal to all cash dividends paid on one share of Common Stock while
the Stock Unit is outstanding.  Dividend equivalents shall be
converted into additional Stock Units and shall be settled pursuant to Article
6.  The conversion into Stock Units shall be based on the closing
price of Common Stock reported by the New York Stock Exchange Composite
Transactions Report (as set forth in the Western Edition of The Wall Street
Journal) for the last trading day prior to the date when the dividend is
paid.  The number of Stock Units shall be rounded to the nearest whole
number of Units.

    

    ARTICLE
6.     DISTRIBUTION RULES AND SETTLEMENT OF STOCK
UNITS.

    

    6.1  General
Rule.  Stock Units shall normally be settled as soon as reasonably
practicable after the Participant's Service terminates for any reason; provided,
however, that any Stock Units or associated dividend equivalents that have not
vested under Section 4.3(b) shall not be available for settlement or
distribution.  Stock Units shall be settled by paying the Participant
a lump sum in cash, unless the Participant has made an election pursuant to
Section 6.2 to receive installments.  The amount of such lump sum
shall be equal to the product of:

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

         (a)  The
number of vested Stock Units held by the Participant (including dividend
equivalents converted into Stock Units); times

    

         (b)  The
closing price of one share of Common Stock reported by the New York Stock
Exchange Composite Transactions Report (as set forth in the Western Edition of
The Wall Street Journal) for the trading day coinciding with or next preceding
the Participant's last day of Service.

    

    6.2  Election
of Installment Form of Distribution.  Within 30 days of the time a
Participant first begins participation under the Plan, he or she may make an
irrevocable written election to receive the distribution of the cash
representing the settlement of his or her Stock Units, less applicable
withholding and employment taxes, in approximately equal annual
installments.  In accordance with procedures established by the
Company, a Participant may elect to receive payment in one of the following
forms:

    

         (a)  approximately
five equal annual installments; or

    

         (b)  approximately
ten equal annual installments.

    

    Installments
subsequent to the first installment to the Participant shall be paid as soon as
practicable after the January 1 of each succeeding calendar year until the
entire value, less applicable withholding and employment taxes, is
distributed.  The portion of Stock Units being held for future
installments shall be credited with dividend equivalents as described in Article
5 prior to distribution.  The amount of each installment after the
first installment shall be calculated in the manner described in Section 6.1
above, using the closing price the trading coinciding with or next preceding
December 31 of the year prior to distribution.

    

    6.3  Death
of Participant.  Any payment under Section 6.1 or Section 6.2 after
the Participant's death shall be made to his or her beneficiary or
beneficiaries.  Each Participant shall designate one or more
beneficiaries for this purpose by filing the prescribed form with the
Company.  A beneficiary designation may be changed by filing the
prescribed form with the Company at any time before the Participant's
death.  If no beneficiary was designated or if no designated
beneficiary survives the Participant, then any payment after the Participant's
death shall be made to his or her estate.

    

    ARTICLE
7.     PROTECTION AGAINST DILUTION

    

    7.1  Adjustments.  In
the event of a subdivision of the outstanding shares of Common Stock, a
declaration of a dividend payable in Common Stock, a combination or
consolidation of the outstanding shares of Common Stock (by reclassification or
otherwise) into a lesser number of shares of Common Stock, a recapitalization, a
spinoff or a similar occurrence, the Committee shall make such adjustments as
it, in its sole discretion, deems appropriate in one or more of:

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

         (a)  The
number of Stock Units to be granted thereafter under Article 4; and

    

         (b)  The
number of Stock Units already held by any Participant.

    

    7.2  Reorganizations.  In
the event that the Company is a party to a merger or other reorganization, Stock
Units shall be subject to the agreement of merger or
reorganization.  Such agreement may provide, without limitation, for
the assumption of the Stock Units by the surviving corporation or its parent
(with equitable adjustments), for their continuation by the Company (if the
Company is a surviving corporation) or for accelerated settlement in
cash.

    

    ARTICLE
8.     GENERAL PROVISIONS.

    

    8.1  Creditors'
Rights.  A Participant shall have no rights other than those of a
general creditor of the Company.  Stock Units represent an unfunded
and unsecured obligation of the Company, subject to the terms and conditions of
the Plan.

    

    8.2  Voting
Rights.  Participants shall have no voting rights with respect to
their Stock Units.

    

    8.3  Assignment
of Rights.  Amounts credited under the Plan shall not be anticipated,
assigned, attached, garnished, optioned, transferred or made subject to any
creditor's process, whether voluntarily, involuntarily or by operation of
law.  Any act in violation of this Section 8.3 shall be
void.  However, this Section 8.3 shall not preclude a Participant from
designating one or more beneficiaries pursuant to Section 6.3, nor shall it
preclude a transfer of amounts credited under the Plan by will or by the laws of
descent and distribution.

    

    8.4  Withholding
Taxes.  To the extent required by applicable federal, state, local or
foreign law, a Participant or his or her successor shall make arrangements
satisfactory to the Company for the satisfaction of any withholding tax
obligations that arise in connection with the Plan.  The Company shall
not be required to make any payment under the Plan until such obligations are
satisfied.

    

    8.5  Choice
of Law.  The Plan shall be governed by, and construed in accordance
with, the laws of the State of Nevada (except their choice-of-law
provisions).

    

    8.6  Administration
and Interpretation.  The Board shall have the sole authority
to construe and interpret this Plan in accordance with its terms and provisions
and to make rules relating to the administration thereof.  The
decision of the Board with respect to any issues relating to the interpretation
of this Plan shall be final, conclusive and binding on all
parties.  The Board may delegate any part of its duties hereunder to
the Company's Executive Vice President-Human Resources, subject to the final
authority of the Board.  The Executive Vice President-Human Resources
of the Company, with the approval of the Executive Vice President and General
Counsel of the Company, shall be authorized to make minor or administrative
changes to the Plan.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    ARTICLE
9.     FUTURE OF THE PLAN.

    

    9.1  Term
of the Plan.  The Plan, as set forth herein, shall become effective on
May 2, 1996.  The Plan shall remain in effect until it is terminated
pursuant to Section 9.2.

    

    9.2  Amendment
or Termination.  The Board may, at any time and for any reason, amend
or terminate the Plan.  An amendment of the Plan shall be subject to
the approval of the Company's stockholders only to the extent required by
applicable laws, regulations or rules.  No Stock Units shall be
granted under the Plan after the termination thereof.  The termination
of the Plan, or any amendment thereof, shall not affect any Stock Unit
previously granted under the Plan; provided, however, that to the extent that
the Board approves any new benefit plan or improvement to any existing benefit
plan applicable to Outside Directors, it may terminate rights which have already
accrued to a Participant under this Plan if, in its sole discretion, it
determines that the benefits payable to a Participant under such new or improved
plan adequately replace the benefits provided hereunder.

    

    ARTICLE
10.      DEFINITIONS.

    

    10.1
"Board" means the Company's Board of Directors, as constituted from time to
time.

    

    10.2
"Committee" means the Compensation and Personnel Committee of the
Board.

    

    10.3
"Common Stock" means the common stock of the Company.

    

    10.4
"Company" means Pacific Telesis Group, a Nevada corporation.

    

    10.5
"Full Accrual Date" means the earliest date on which the Outside Director
could separate from Service with a benefit under the Retirement Plan equal to
100% of the annual retainer payable to Outside Directors, as in effect at the
time of the separation from Service.

    

    10.6
"Outside Director" means a member of the Board who is not a common-law employee
of the Company or a subsidiary of the Company.

    

    10.7
"Participant" means an Outside Director who participates in the Plan pursuant to
Article 3.

    

    10.8
"Plan" means this Pacific Telesis Group Outside Directors' Deferred Stock Unit
Plan, as amended from time to time.

    

    10.9
"Present Value" means the present actuarial value, determined by using the
actuarial assumptions that would be applicable on the date in question for
calculation of pension benefits under the Pacific Telesis Group Pension Plan for
Salaried Employees.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    10.10
"Retirement Plan" means the Pacific Telesis Group Outside Directors' Retirement
Plan, as amended from time to time.

    

    10.11
"Service" means service as an Outside Director.

    

    10.12  "Stock
Unit" means a bookkeeping entry representing, at any given time, the dollar
value at such time of one share of Common Stock.

    

    ARTICLE
11.  EXECUTION.

    

    To record
the adoption of the Plan by the Board, the Company has caused its duly
authorized officer to affix the corporate name and seal hereto.

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