Document:

Amendment to Promissary Note

 Exhibit 10.49 
 AMENDMENT NO. 8 TO 
 AUCTION 73 FLOATING RATE PROMISSORY NOTE

 AMENDMENT NO. 8, dated as of March 12, 2010 (the “Amendment”), to the Auction 73 Floating Rate Promissory Note,
dated as of March 31, 2008, as previously amended (the “Auction 73 Floating Rate Promissory Note”), issued by Cellco Partnership, a Delaware general partnership (the “Borrower”), and payable to Verizon Financial Services
LLC, a Delaware limited liability company (the “Lender”). 
 WHEREAS, the Borrower and the Lender have agreed to amend
certain provisions of the Auction 73 Floating Rate Promissory Note; 
 NOW, THEREFORE, the Borrower and the Lender hereby amend
the Auction 73 Floating Rate Promissory Note as follows: 
 1. The first paragraph of the Auction 73 Floating Rate Promissory
Note is hereby amended by (i) deleting the date “March 31, 2010” and (ii) inserting in lieu thereof the date “October 31, 2010”. 
 2. The third paragraph of the Auction 73 Floating Rate Promissory Note is hereby amended to add the term “Alltel Divestiture Markets” in proper alphabetical order, which shall have the following
meaning: 
 “Overlapping wireless properties in 105 operating markets in 24 states that the Borrower agreed to divest in
connection with obtaining regulatory approvals for the acquisition of Alltel Corporation from the Department of Justice and the Federal Communications Commission.” 
 3. The third paragraph of the Auction 73 Floating Rate Promissory Note is hereby further amended to add the term “Mandatory Prepayment” in proper alphabetical order, which shall have the
following meaning: 
 “Any repayment of principal required prior to the Maturity Date by the terms of this Auction 73
Floating Rate Promissory Note.” 
 4. The third paragraph of the Auction 73 Floating Rate Promissory Note is hereby further
amended to add the term “Structuring Fee” in proper alphabetical order, which shall have the following meaning: 
 “An amount equal to the principal amount of this Auction 73 Floating Rate Promissory Note outstanding at the close of business on March 30, 2010 multiplied by 10 basis points, due upon the signing of Amendment 8 to this Auction 73
Floating Rate Promissory Note and payable by the Borrower to the Lender on March 31, 2010.” 

 5. The fourth paragraph of the Auction 73 Floating Rate Promissory Note is hereby amended by
(i) deleting the first sentence and (ii) inserting in lieu thereof the following sentence: 
 “As more fully
described below, the principal amount of this Auction 73 Floating Rate Promissory Note that shall be outstanding from time to time shall bear interest until paid in full at a rate per annum equal to One-Month LIBOR plus a spread of 110 basis points
as in effect for each interest period; provided however that, notwithstanding anything herein to the contrary, if the calculated rate per annum in effect for any interest period exceeds 5.80%, the interest rate per annum in effect for such interest
period shall be 5.80%.” 
 6. The Auction 73 Floating Rate Promissory Note is hereby amended by inserting the following as
a new sixth paragraph and a new seventh paragraph: 
 “Borrower shall pay Lender the Structuring Fee on March 31,
2010. 
 Prior to the Maturity Date, Borrower shall be required to repay the unpaid principal sum or any portion thereof under
this Auction 73 Floating Rate Promissory Note, plus all interest accrued thereon plus all other sums due and payable to Lender, without penalty, with all cash proceeds received from the sale of any Alltel Divestiture Markets within 5 business days
of receipt of such cash proceeds. For the avoidance of doubt, this payment shall be a Mandatory Prepayment.” 
 7. The
existing seventh paragraph of the Auction 73 Floating Rate Promissory Note is hereby amended by (i) deleting clause (a) and (ii) inserting the following in lieu thereof: 
 “(a) Borrower fails to pay (i) interest on this Auction 73 Floating Rate Promissory Note for five days after payment is due, (ii) a Mandatory Prepayment for five days after such Mandatory
Prepayment is due, (iii) the Structuring Fee when due; or (iv) the principal on this Auction 73 Floating Rate Promissory Note when due;” 
 8. This Amendment of the Auction 73 Floating Rate Promissory Note shall be effective without any exchange of the Auction 73 Floating Rate Promissory Note for a new Auction Rate 73 Floating Rate Promissory
Note reflecting the amendment contained herein. The parties hereby authorize the Borrower to attach this amendment or make appropriate notations on the Auction 73 Floating Rate Promissory Note, which notations, if made, shall evidence the terms of
this Amendment. 
 9. This Amendment shall be effective as of the date first above written, and, except as set forth herein, the
Auction Rate 73 Floating Rate Promissory Note shall remain in full force and effect and shall be otherwise unaffected hereby. 
 10. Each reference in the Auction 73 Floating Rate Promissory Note to “this Auction 73 Floating Rate Promissory Note,” “hereunder,” “hereof,” “herein” or words of like import shall mean and be a
reference to the Auction 73 Floating Rate Promissory Note as amended hereby. 

 11. This Amendment may be executed in two or more counterparts, each of which shall be
deemed to be an original, but all of which together shall constitute one and the same instrument. 
 12. This Amendment and the
rights and obligations of the parties under this agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to the conflicts of laws provisions thereof. 
 [Remainder of page left intentionally blank] 

 IN WITNESS WHEREOF, the Borrower hereto has caused this Amendment to be duly executed and
delivered by their proper and duly authorized officers as of the day and year first above written. 
  

			
	CELLCO PARTNERSHIP
		
	By:	 	 /s/ John Townsend

	Name:	 	John Townsend
	Title:	 	Vice President and Chief Financial Officer

 ACKNOWLEDGED AND AGREED: 
  

			
	VERIZON FINANCIAL SERVICES LLC
		
	By:	 	 /s/ Janet M. Garrity

	Name:	 	Janet M. Garrity
	Title:	 	President and TreasurerExhibit 10.1

 Exhibit 10.1 
 Trex Company, Inc. 
 Description of Management
Compensatory Plans and Arrangements 
 Components of Executive Compensation 
 In accordance with the rules of the New York Stock Exchange, all components of compensation for the chief executive officer and other executive officers of
Trex Company (the “Company”) are determined by the compensation committee of the board of directors, all of whom meet the independence requirements prescribed by such rules. 
 The Company’s executive compensation program includes a base salary, annual cash bonuses and long-term incentive compensation in the form of stock appreciation right awards and restricted shares
issued under the Trex Company, Inc. 2005 Stock Incentive Plan (the “Stock Incentive Plan”). 
 Base Salary. Base salaries are
the only non-variable element of the Company’s total compensation. They reflect each executive officer’s responsibilities, the impact of each executive officer’s position, and the contributions each executive officer delivers to the
Company. Salaries are determined by competitive levels in the market for executives with comparable responsibilities and job scope based on the Company’s peer group and the results of executive compensation surveys, as well as the
Company’s internal equity considerations. Each year, at its February meeting, the compensation committee reviews and establishes the base salaries of the Company’s executive officers. Salary increases, if any, are based on individual
performance, market conditions and Company performance. To gauge market conditions, the compensation committee evaluates the peer group and market data compiled by its consultant. Base salaries are set upon review of the peer group and market data
provided to the compensation committee upon consideration of the executive officer’s experience, tenure, performance and potential. 
 Annual Cash Bonuses. The Company pays annual cash bonuses to its Chief Executive Officer, other executive officers, and other key employees generally based upon the achievement of the Company’s planned earnings per share, or
“EPS,” and cash-flow objectives for the fiscal year, which are approved by the board of directors no later than the first quarter of the year. 
 For each fiscal year, each participant in the plan is assigned a “target bonus,” which is expressed as a percentage of the participant’s annual base salary. The cash bonus amount paid to a
participant is determined by multiplying their target bonus by a performance percentage, which is calculated based on the extent to which the planned EPS and cash flow objectives are achieved, subject to the discretion of the compensation committee
to increase or decrease such amount. Bonus payments are conditional upon the participant’s continued employment by the Company through the date of grant, and are pro rated for employees who have served for less than a full year. 
 Long-Term Incentive Compensation. The Company maintains a long-term executive incentive compensation plan for the benefit of its Chief Executive
Officer, other executive officers, and other key employees. Awards under the plan are made under the Stock Incentive Plan by the compensation committee, and are a mix of 50% stock appreciation rights and 50% time-based restricted shares. The total
target long-term incentive award for each participant in the plan is expressed as a percentage of the participant’s base salary. The grant of restricted shares is conditional upon the attainment of a certain EPS target. 
 Personal Benefits and Perquisites. The Company maintains a limited number of benefit programs available solely to the Company’s executive
officers. The personal benefits are considered to constitute a part of the Company’s overall program and are presented in this light as part of the total compensation package approved by the compensation committee at the time of an executive
officer’s hiring or promotion, as part of the compensation committee’s review of each executive officer’s annual total compensation, and in compensation discussions with executive officers. 
 Other Compensatory Plans 
 The
Company’s executive officers also are eligible to participate in the Company’s 401(k) plan, which is available to all regular Company employees.

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