Document:

Unassociated Document

    Exhibit
10.1(b)

    

    SECOND
AMENDMENT TO THE

    CENTURYTEL
UNION 401(K) PLAN

    AS
AMENDED AND RESTATED

    EFFECTIVE
DECEMBER 31, 2006

    

    CENTURYTEL, INC., represented
herein by its Senior Vice-President, General Counsel and Secretary, Stacey W.
Goff, as Plan Sponsor and Employer, does hereby execute the following amendments
to the CenturyTel Union 401(k) Plan and Trust, each amendment effective as
indicated below:

     

    The
following amendment is effective as if included in the Amendment and Restated
Plan executed on behalf of CenturyTel, Inc. and effective as of December 31,
2006:

    

    
      	
              1.  

            	
              The
      first paragraph of Section 6.6(a) is amended to read as
      follows:

            

    

    

     

    Hardship.  By
filing the required form, a Participant may withdraw on account of hardship all
or a portion of his vested Accrued Benefit except for: (1) earnings allocated
after December 31, 1988 on Elective Deferrals; (2) any portion of his Accrued
Benefit held in his Qualified Non-Elective Contribution Account and Qualified
Matching Contribution Account; and (3) any portion of his Accrued Benefit held
in his Company Stock Account. The amount distributed will be withdrawn pro rata
across eligible money types.

     

    

    The
following amendments are effective as of January 1, 2008:

     

    
      	
              1.  

            	
              Section
      1.1 is amended to delete 1.1(b), to re-designate 1.1(c) as 1.1(b), to
      insert “(c) Pre-Tax Elective Deferral Account”, to insert “(h)Roth
      Elective Deferral Account”, and to re-designate 1.1(h) as
      1.1(i).

            

    

    

    
      	
              2.  

            	
              The
      last sentence of Section 1.9 is deleted and the following is inserted in
      lieu thereof:

            

    

    

    These
contributions are held in the Pre-Tax Elective Deferral Account or Roth Elective
Deferral Account, as appropriate.

    

    
      	
              3.  

            	
              Section
      1.17 is amended in its entirety to read as
  follows:

            

    

    

    Collectively,
a Participant’s Pre-Tax Elective Deferral Account and Roth Elective Deferral
Account.

    

    
      	
              4.  

            	
              Section
      1.18 is amended in its entirety to read as
  follows:

            

    

    

    Collectively,
a Participant’s Pre-Tax Elective Deferrals and Roth Elective
Deferrals.

    

    
      	
              5.  

            	
              Article
      I is amended to insert Section 1.38, as
follows:

            

    

    

    1.38           Pre-Tax
Elective Deferral Account. The portion of a Participant’s Accrued Benefit
which consists of Pre-Tax Elective Deferrals made to the Plan by the Employer on
behalf of the Participant. A Participant’s Pre-Tax Elective Deferral Account
shall include all assets of the Participant’s Elective Deferral Account as of
January 1, 2008.

    

    
      	
              6.  

            	
              Article
      I is amended to insert Section 1.39, as
follows:

            

    

    

    1.39           Pre-Tax
Elective Deferrals. Contributions made to the Plan by the Employer at the
election of the Participant in lieu of cash compensation, pursuant to Section
3.1 of the Plan, including contributions made pursuant to a salary reduction
agreement, which are irrevocably designated by the Participant as Pre-Tax
Elective Deferrals.

    

    
      	
              7.  

            	
              Sections
      1.38 through 1.44 are re-numbered as Sections 1.40 through
      1.46.

            

    

    

    
      	
              8.  

            	
              Article
      I is amended to insert Section 1.47, as
follows:

            

    

    

    1.47           Roth
Elective Deferral Account. The portion of a Participant’s Accrued Benefit
which consists of Roth Elective Deferrals made to the Plan by the Employer on
behalf of the Participant. A Participant’s Roth Elective Deferral Account shall
include only a Participant’s Roth Elective Deferrals and gains, losses, and
earnings thereon.

    

    
      	
              9.  

            	
              Article
      I is amended to insert Section 1.48, as
follows:

            

    

     

                                  
1.48   Roth
Elective Deferrals. Contributions made to the Plan by the Employer at the
election of the Participant in lieu of cash compensation, pursuant to Section
3.1 of the Plan, 

                                  
including contributions made
pursuant to a salary reduction agreement, which are irrevocably designated by
the Participant as Roth Elective Deferrals.

    

    
      	
              10.  

            	
              Sections
      1.45 through 1.51 are re-numbered as Sections 1.49 through
      1.55.

            

    

    

    
      	
              11.  

            	
              The
      following sentence is inserted as the fifth sentence of Section
      3.1(a):

            

    

    

    A
Participant, at the time of making an election to defer Compensation pursuant to
this Section 3.1(a), shall irrevocably designate the deferred Compensation as
either a Pre-Tax Elective Deferral or a Roth Elective Deferral.

    

    
      	
              12.  

            	
              The
      last sentence of section 3.1(a) is deleted and the following is inserted
      in lieu thereof:

            

    

    

    A
Participant shall at all times have a nonforfeitable interest in his Pre-Tax
Elective Deferral Account and his Roth Elective Deferral Account.

    

    
      	
              13.  

            	
              The
      following paragraph is added as the third paragraph of Section
      3.1(c):

            

    

    

    Excess
Deferrals distributed by the Employer pursuant to this Section 3.1(c) shall
first be distributed from the Participant’s Roth Elective Deferrals and, if
Excess Deferrals remain after the Participant’s Roth Elective Deferrals have
been distributed, from the Participant’s Pre-Tax Elective
Deferrals.

    

    
      	
              14.  

            	
              The
      following sentence is added as the last sentence of Section
      3.1(d):

            

    

    

    A
Participant, at the time of his election to make a Catch-Up Contribution
pursuant to this Section 3.1(d), shall irrevocably designate the Catch-Up
Contribution as either a Pre-Tax Elective Deferral or a Roth Elective
Deferral.

    

    
      	
              15.  

            	
              The
      following is added as Section
3.6(e):

            

    

    

    (e)         Notwithstanding
the preceding provisions of this Section 3.6, the Trustee shall not accept
rollovers or direct transfers of funds from a Roth account under a qualified
plan or from a Roth IRA.

    

    
      	
              16.  

            	
              The
      following paragraph is added as the last paragraph of Section
      3.7(e):

            

    

    

    Excess
Contributions distributed by the Employer from a Participant’s Elective Deferral
Account pursuant to this Section 3.7(e) shall first be distributed from the
Participant’s Roth Elective Deferral Account and, if Excess Contributions remain
after the balance in the Participant’s Roth Elective Deferral Account has been
distributed, from the Participant’s Pre-Tax Elective Deferral
Account.

    

    
      	
              17.  

            	
              The
      following is added as Section
5.1(b)(5):

            

    

    

    (5)         Any
required correction under this Section 5.1(b) shall first be satisfied from a
Participant’s Roth Elective Deferrals and then from the Participant’s Pre-Tax
Elective Deferrals.

    

    
      	
              18.  

            	
              The
      following paragraphs are inserted as the third and fourth paragraphs of
      Section 7.2:

            

    

    
 

    A
Participant, at the time of his election under this Section 7.2, shall designate
whether the distribution is to be made from his Pre-Tax Elective Deferral
Account, his Roth Elective Deferral Account, or from both accounts. In the
absence of an election by the Participant, the distribution shall first be made
from his Roth Elective Deferral Account.

    

    The Plan
Administrator may operationally implement ordering rules for distributions from
a Participant’s accounts attributable to Pre-Tax Elective Deferrals or Roth
Elective Deferrals. Such ordering rules may specify whether Pre-Tax Elective
Deferrals or Roth Elective Deferrals are distributed first, and may permit a
Participant to elect whether distributions are to be made from his Pre-Tax
Elective Deferral Account, his Roth Elective Deferral Account, or
both.

    

    
      	
              19.  

            	
              The
      following paragraph is added as the third paragraph of Section
      7.10(b)(2):

            

    

    

    An
eligible retirement plan with respect to a Roth Elective Deferral Account shall
only mean a qualified plan described in Section 401(a) of the Code which
contains Roth accounts and satisfies the requirements of Section 402A of the
Code or a Roth individual retirement account.

    

    
      	
              20.  

            	
              Section
      9.1(g) is amended in its entirety to read as
  follows:

            

    

    

    Loans
will be funded with assets withdrawn pro rata across all money types except for
the portion of a Participant’s Accrued Benefit held in his Company Match Account
and a Participant’s Roth Elective Deferral Account.

    

    
      	
              21.  

            	
              The
      following is added as Section 14.7:

            

    

    

    The
provisions of this Plan relating to Roth Elective Deferrals and Participants’
Roth Elective Deferral Accounts are intended to comply in good faith with the
provisions of Code Section 402A and guidance issued thereunder, and such
provisions shall be interpreted in a manner consistent therewith.

    

    THUS
DONE AND SIGNED this 31st day of December, 2007.

    
      	 
      	
              CENTURYTEL,
      INC.

            
	 
      	 
      
	 
      	
              BY:  /s/  Stacey W.
    Goff

            
	 
      	
              Stacey
      W. Goff

            
	 
      	
              Senior
      Vice-President, General

            
	 
      	
              Counsel
      and SecretaryUnassociated Document

    Exhibit
10.1(c)

    

    AMENDMENT
NO. 2

     TO
THE

    CENTURYTEL
RETIREMENT PLAN

    

    

    WHEREAS, the CenturyTel
Retirement Plan (“Plan”) was amended and restated by CenturyTel, Inc. (the
“Company”) effective December 31, 2006; and

    

    WHEREAS, its Executive
Vice-President and Chief Financial Officer, R. Stewart Ewing, was authorized by
the Board to execute the amended and restated plan, including the incorporation
of provisions to effectuate the merger of the CenturyTel, Inc. Plan for Salaried
Employees' Pensions ("Salaried Plan"), the CenturyTel, Inc. Plan for Hourly-Paid
Employees' Pensions ("Hourly Plan") and the CenturyTel, Inc. Pension Plan for
Bargaining Unit Employees ("Ohio Plan") into the Plan; and

    

    WHEREAS, the Company wishes to
change the treatment of certain rehired terminated participants under the Plan;
and

    

    WHEREAS, the Company wishes to
increase benefits consistent with the rules under Internal Revenue Code
§401(a)(4) and the Treasury Department Regulations thereunder; and

    

    WHEREAS, several technical
changes must be made to the December 31, 2006 restated Plan document in order to
preserve the intent of the Plan and the Company; and

    

    WHEREAS, the Company reserved
the right to amend the Plan in Section 12.2 of the Plan.

    

    NOW, THEREFORE, effective as
of the dates shown below, the Plan is amended as follows:

    

    I.

    

    Section
5.8 of the Plan is amended effective December 31, 2006 to add the following
sentence at the end:

    

    If this
Section 5.8 applies and the Participant had not named a Beneficiary as of the
date of death, then the benefit under Section 6.9 shall be payable to the
Participant’s spouse, child(ren) or estate, in that order.

    

    II.

    

    Section
7.7(f)(5) of the Plan is amended effective December 31, 2006 to delete the
reference to “Section 7.7(e)” and replace it with “Section 7.7(f).”

    

    III.

    

    Section
7.12(d) of the Plan is amended effective December 31, 2006 to delete the
reference to “Section 7.7(b)” and replace it with “Section 7.7(c).”

    

    IV.

    

    Sections
7.12(a) and (b) of the Plan are amended effective January 1, 2008 to delete all
references to “regular or temporary employee” and replace such references with
“Employee.”

    

    V.

    

    Paragraph
(1) of Schedule 6.1(a)(5) of the Plan is amended effective December 31, 2006 to
delete the reference to “Section 7.7(e)” and replace it with “Section
7.7(f).”

    

    VI.

    

    Schedules
6.1(a)(3) and 6.1(a)(4) are amended effective December 31, 2007 to read as
attached.

    

    VII.

    

    Sections
6.5(b) and (c) of the Salaried Plan Schedule are amended effective December 31,
2006 to read in their entirety as follows:

    

    
      	
              (b)  

            	
              In
      the case of a Participant who dies before his Normal Retirement Date while
      in the service of the Employer and after having satisfied, while in the
      service of the Employer, the criteria for an early distribution set forth
      in Section 5.6(c) of the Salaried Plan, the Spouse may elect, in
      accordance with Section 7.11 of the Plan, that the commencement date of
      the Spouse's benefit shall be the last day of any month before the
      Participant's Normal Retirement Date and after the month of the
      Participant's death. The annual amount of a Spouse's benefit that
      commences before the Participant's Normal Retirement Date in accordance
      with this subsection (b) shall not be reduced on account of such early
      commencement.

            

    

     

    
      	
              (c)  

            	
              In
      the case of a Participant who dies before his Normal Retirement Date after
      terminating from service with the Employer, the Spouse may elect, in
      accordance with Section 7.11 of the Plan, that the commencement date of
      the Spouse's benefit shall be the last day of any month before the
      Participant's Normal Retirement Date and after the month of the
      Participant's death, provided that (i) the Participant had satisfied,
      while in service of the Employer, the criteria for an early distribution
      set forth in Section 5.6(c) of the Salaried Plan or (ii) the Participant
      had at least 10 Years of Credited Service at termination and was age 55 or
      older at his date of death, or the Participant had at least 15 Years of
      Credited Service at termination and his combined Years of Credited Service
      and age at his date of death was at least 76. The annual amount of a
      Spouse's benefit that commences before the Participant's Normal Retirement
      Date in accordance with this subsection (c) shall equal the annual amount
      payable to the Spouse as Beneficiary under the survivor annuity portion of
      the Qualified Joint and Survivor Annuity that would have been payable with
      respect to the Participant computed as if the Participant
    had:

            

    

     

    
      	
              (1)  

            	
              terminated
      employment with the Employer on the date of his death (or, if earlier, on
      the date of his actual termination of employment with the
      Employer),

            

    

     

    
      	
              (2)  

            	
              elected
      as the commencement date of his benefits the date elected by the Spouse in
      accordance with this subsection (c),
and

            

    

     

    
      	
              (3)  

            	
              died
      on the commencement date of his
benefits.

            

    

     

    VIII.

    

    Section
7.6 of the Hourly Plan Schedule is amended effective December 31, 2006 to add
the following to the end:

    

    Notwithstanding
the provisions of Sections 5.5, 6.5 and 7.6 of the Salaried Plan at Schedule
6.1(f)-2, if a Participant has been credited with at least 5 Years of Credited
Service and dies before commencing benefits under the Hourly Plan portion of the
Plan, his surviving Spouse (if married), his non-Spouse Beneficiary (if his
Spouse has consented to the naming of such Beneficiary) or his Beneficiary (if
he is not married at death and has named a Beneficiary) shall receive the death
benefit (if any) specified under the terms of any collective bargaining
agreement applicable to the Participant at his date of death, in the form(s)
specified under the terms of such agreement. If a Participant in the Hourly Plan
portion of the Plan as of December 31, 2006 is a Nonrepresented Participant, his
Spouse or Beneficiary shall nevertheless be entitled to the same benefit under
this Section that would be received by a Represented Employee at the
Nonrepresented Hourly Plan Participant’s normal work location pursuant to the
terms of any collective bargaining agreement applicable to such a Represented
Employee as of December 31, 2006.  No death benefit shall be payable
under this Section if the Participant is not married and has not named a
Beneficiary.

    

    IX.

    

    Section
7.7(a) of the Ohio Plan Schedule is amended effective December 31, 2006 to
delete the reference to “Section 7.7(c)” and replace it with “Section
7.7(a)(1).”

    IN WITNESS WHEREOF, CenturyTel
has executed this amendment on this 31st day of December, 2007.

    

    
      	 
      	
              CENTURYTEL,
      INC.

            
	 
      	 
      
	 
      	
              BY:   /s/ Stacey W.
      Goff

            
	 
      	
              Stacey
      W. Goff

            
	 
      	
              Senior
      Vice-President, General Counsel

            
	 
      	
              and
      Secretary

            

    

    

    SCHEDULE
6.1(a)(3)

     

    SUPPLEMENTAL
BENEFIT

     

    The
Accrued Benefit of each Participant listed below shall be increased by the
amount of the Supplemental Benefit specified below.  Each
Participant’s Supplemental Benefit is expressed in terms of a monthly benefit at
Normal Retirement Age and shall be actuarially adjusted for timing and form in
the same manner as the benefit under Section 6.1(a) (using the Excess Benefit
Percentages in Section 6.2 as applicable).

     

    
      	
              Personnel

              Number

            	 	
               

              Name

            	 	
              Supplemental

                Benefit

            	 
	 	2870	 	
              D.
      Cole

            	 	 	1,409.03	 
	 	4494	 	
              C.
      Davis

            	 	 	188.28	 
	 	3277	 	
              R.
      Ewing

            	 	 	1,946.66	 
	 	5284	 	
              S.
      Goff

            	 	 	112.90	 
	 	10370	 	
              I.
      Hughes

            	 	 	642.71	 
	 	10111	 	
              M.
      Maslowski

            	 	 	1,089.68	 
	 	2859	 	
              G.
      Post

            	 	 	5,493.04	 
	 	52726	 	
              K.
      Puckett

            	 	 	1,373.74	 
	
              2067

            	 	
              D.
      Ring

            	 	 	116.83	 
	 	54861	 	
              K.
      Victory

            	 	 	748.31	 

    

    

    SCHEDULE
6.1(a)(4)

     

    SUPPLEMENTAL
BENEFIT

     

    The
Accrued Benefit of each Participant listed below shall be increased by the
amount of the Supplemental Benefit specified below.  Each
Participant’s Supplemental Benefit is expressed in terms of a monthly benefit at
Normal Retirement Age and shall be actuarially adjusted for timing and form in
the same manner as the benefit under Section 6.1(a) (using the Excess Benefit
Percentages in Section 6.2 as applicable).

     

     

    
      	
              Personnel

              Number

            	 	
               

              Name

            	 	
              Supplemental

              Benefit

            	 
	 	3095	 	
              G.
      Bailey

            	 	 	860.98	 
	 	2870	 	
              D.
      Cole

            	 	 	9,862.57	 
	 	4494	 	
              C.
      Davis

            	 	 	534.92	 
	 	3277	 	
              R.
      Ewing

            	 	 	9,227.46	 
	 	5284	 	
              S.
      Goff

            	 	 	2,709.59	 
	 	10370	 	
              I.
      Hughes

            	 	 	6,627.59	 
	 	10111	 	
              M.
      Maslowski

            	 	 	10,129.94	 
	 	2859	 	
              G.
      Post

            	 	 	5,774.15	 
	 	52726	 	
              K.
      Puckett

            	 	 	7,182.43	 
	 	3189	 	
              N.
      Sweasy

            	 	 	6,129.12

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