Document:

ex10j.htm

    

     

    Form
      of Director and Officer

     

    Indemnity
      Agreement

     

    

     

    AGREEMENT,
      effective as of July 1, 1986, between Southwestern Bell Corporation,
      a
      Delaware corporation (the "Company"), and separately with each Director and
      Officer of the Company (the "Indemnitee").

    WHEREAS,
      Indemnitee is a director or officer of the Company;

    WHEREAS,
      both the Company and Indemnitee recognize the increased risk of
      litigation and other claims being asserted against directors and officers of
      public companies in today's environment;

    WHEREAS,
      basic protection against undue risk of personal liability of directors
      and officers heretofore has, in part, been provided through insurance coverage
      providing reasonable protection at a reasonable cost, and Indemnitee has relied
      on the availability of such coverage; but as a result of substantial changes
      in
      the marketplace for such insurance, it has become increasingly more difficult
      to
      obtain such insurance on terms providing reasonable protection at a reasonable
      cost;

    WHEREAS,
      the Bylaws of the Company require the Company to indemnify and advance
      expenses to its directors and officers to the full extent permitted by law
      and
      the Indemnitee has been serving and continues to serve as a director or officer
      of the Company in part in reliance on such Bylaws;

    WHEREAS,
      Section 145(f) of the Delaware General Corporation law expressly
      recognizes that the indemnification provisions of the Delaware Corporation
      law
      are not exclusive of any other rights to which a person seeking indemnification
      may be entitled by bylaw, agreement, vote of stockholders or otherwise, and
      this
      Agreement is being entered into pursuant to such provision;

    WHEREAS,
      in recognition of Indemnitee's need for substantial protection against
      personal liability in order to assure Indemnitee's continued service to the
      Company in an effective manner and Indemnitee's reliance on the aforesaid
      Bylaws, and in part to provide Indemnitee with specific contractual assurance
      that the protection promised by such Bylaws will be available to Indemnitee
      (regardless of, among other things, any amendment to or revocation of such
      Bylaws or any change in the composition of the Company's Board of Directors
      or
      acquisition of the Company), the Company wishes to provide in this Agreement
      for
      the indemnification of and the advancing of expenses to Indemnitee to the full
      extent (whether partial or complete) permitted by law and as set forth in this
      Agreement and, to the extent an outside insurance policy/policies is/are
      maintained, for the continued coverage of Indemnitee under the Company's
      directors' and officers' liability insurance policies;

    WHEREAS,
      while this Agreement will be of full force and effect immediately
      upon
      its execution, the Board of Directors intends to place this Agreement before
      the
      Shareowners at the next Annual Meeting for ratification;

    NOW,
      THEREFORE, in consideration of the foregoing premises and of Indemnitee
      continuing to serve the Company directly or, at its request, with another
      enterprise, and intending to be legally bound hereby, the parties hereto agree
      as follows:

     

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    1.0
      CERTAIN DEFINITIONS.

    (a)
      Change in Control:
shall be deemed
      to have occurred if (i) any "person" (as such term
      is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934,
      as
      amended), other than a trustee or other fiduciary holding securities under
      an
      employee benefit plan of the Company or a corporation owned directly or
      indirectly by the Shareowners of the Company in substantially the same
      proportions as their ownership of stock of the Company, is or becomes the
      "beneficial owner" (as defined in Rule 13d-3 under said Act), directly or
      indirectly, of securities of the Company representing 20% or more
      of the
      total voting power represented by the Company's then outstanding voting
      securities, or (ii) during any period of two consecutive years, individuals
      who
      at the beginning of such period constitute the Board of Directors of the Company
      and any new director whose election by the Board of Directors or nomination
      for
      election by the Company's Shareowners was approved by a vote of at least
      two-thirds (2⁄3) of the directors then still in office who either were directors
      at the beginning of the period or whose election or nomination for election
      was
      previously so approved, cease for any reason to constitute a majority thereof,
      or (iii) the Shareowners of the Company approve a merger or consolidation of
      the
      Company with any other corporation, other than a merger or consolidation which
      would result in the voting securities of the Company outstanding immediately
      prior thereto continuing to represent (either by remaining outstanding or by
      being converted into voting securities of the surviving entity) at least 80%
      of
      the total voting power represented by the voting securities of the Company
      or
      such surviving entity outstanding immediately after such merger or
      consolidation, or the Shareowners of the Company approve a plan of complete
      liquidation of the Company or an agreement for the sale or disposition by the
      Company of all or substantially all the Company's assets.

    (b)  Claim: is
      any threatened, pending or completed action, suit or proceeding, or any inquiry
      or investigation, whether conducted by or on behalf of the Company or any other
      party, that Indemnitee in good faith believes might lead to the institution
      of
      any such action, suit or proceeding, whether civil, criminal, administrative,
      investigative or other.

    (c)  Expenses: include
      attorneys' fees and all other costs, expenses and obligations paid or incurred
      in connection with investigating, defending, being a witness in or participating
      in (including on appeal), or preparing to defend, be a witness in or
      partic­ipate in any Claim relating to any Indemnifiable Event.

    (d)  Indemnifiable
      Event: is any event or occurrence related to
      the fact that Indemnitee is or was a director, officer, employee, agent or
      fiduciary of the Company, or is or was serving at the request of the Company
      as
      a director, officer, employee, trustee, agent or fiduciary of another
      corporation, partnership or joint venture.

    (e)  Losses:
      are any judgments, fines and amounts paid in settlement (including
      all interest assessments and other charges paid or payable in connection with
      or
      in respect of such judgments, fines, penalties or amounts paid in settlement)
      of
      such action, suit or proceeding.

    (f)  Reviewing
      Party: shall mean (i) the Board of Directors (provided that a
      majority of directors are not parties to the claim), (ii) a person or body
      selected by the Board of Directors and (iii) if there has been a Change in
      Control, the special, independent counsel referred to in subsection 3(b)
      hereof.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2.0
      INDEMNIFICATION AND ADVANCEMENT OF EXPENSES.

    Subject
      to the limitations set forth herein and in Section 3 hereof, the Company hereby
      agrees to indemnify Indemnitee as follows:

    (a)  Basic
      Indemnification. The Company shall hold harmless and indemnify
      Indemnitee to the fullest extent authorized or permitted (i) by the General
      Corporation Law of the State of Delaware, or any other applicable law, the
      Company's Certificate of Incorporation or Bylaws as in effect on the date
      hereof, or (Ii) by any amendment thereof or other statutory provisions
      authorizing or permitting such indemnification which is adopted after the date
      hereof.

    (b)  Additional
      Indemnification. Without limiting the generality of subsection (a)
      hereof, in the event Indemnitee was, is or becomes a Participant in a Claim
      by
      reason of (or arising in part out of) an lndemnifiable Event, the Company shall
      indemnify Indemnitee to the fullest extent permitted by law, as soon as
      practicable after written demand is presented to the Company, against any and
      all Expenses and Losses.

    (c)  Advancement
      of Expenses. In the event
      Indemnitee is, was or becomes a Participant in any Claim by reason of an
      Indemnifiable Event, if so requested by Indemnitee, the Company shall advance
      any and all such Expenses to Indemnitee.

     

    3.0
      GENERAL LIMITATIONS ON INDEMNIFICATION.

    (a)  Determination
      of Reviewing Party.
Notwithstanding
      the foregoing, (i) the obligations of the Company set
      forth in Section 2 hereof (except with respect to Expense advances made prior
      to
      any determination by a Reviewing Party referred to below that Indemnitee
      substantively would not be permitted to be indemnified for Claims for
      Indemnifiable Events with respect to which such advances are being made) shall
      be subject to the condition that the Reviewing Party shall not have determined
      (in a written opinion, in any case in which the special, independent counsel
      referred to in subsection (b) hereof is involved) that Indemnitee would not
      be
      permitted to be so indemnified under applicable law, and (ii) if, when and
      to
      the extent that the Reviewing Party determines that Indemnitee would not be
      permitted to be so indemnified under applicable law, the Company shall be
      entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the
      Company) for all such amounts theretofore paid (unless Indemnitee has commenced
      legal proceedings in a court of competent jurisdiction to secure a determination
      that Indemnitee should be indemnified under applicable law, in which event
      Indemnitee shall not be required to so reimburse the Company until a final
      judicial determination is made with respect thereto as to which all rights
      of
      appeal therefrom have been exhausted or lapsed) and shall not be obligated
      to
      indemnify or advance any additional amounts to Indemnitee (unless there has
      been
      a determination by a court of competent jurisdiction that the Indemnitee would
      be permitted to be so indemnified under applicable law).

     

    If
      there
      has been no determination by the Reviewing Party or if the Reviewing Party
      determines that Indemnitee substantively would not be permitted to be
      indemnified in whole or in part under applicable law, Indemnitee shall have
      the
      right to commence litigation in any court in the States of Missouri or Delaware
      having subject matter jurisdiction thereof and in which venue is proper seeking
      an order or judgment by the court equivalent to the determination of the
      Reviewing Party or challenging any such determination by the Reviewing Party
      or
      any aspect thereof; any determination by the Reviewing Party otherwise shall
      be
      conclusive and binding on the Company and Indemnitee.

     

    
      
         

      

      
         

        
          

        

      

      
         
(b)  Change
        in Control of Company. The Company agrees
        that if there is a Change in Control of the Company, then with respect to
        all
        matters thereafter arising concerning the rights of Indemnitee to indemnity
        payments and expense advances under this Agreement or any other agreements
        or
        Bylaws now or hereafter in effect relating to Claims for Indemnifiable Events,
        the Company shall seek legal advice only from special, independent counsel
        selected by Indemnitee and approved by the Company (which approval shall
        not be
        unreasonably withheld), and who has not otherwise performed services for
        the
        Company (other than in connection with such matters) or Indemnitee. In the
        event
        that Indemnitee and the Company are unable to agree on the selection of the
        special, independent counsel, such special independent counsel shall be selected
        by lot from among at least five law firms each in New York City, New York,
        the
        State of Delaware and St. Louis, Missouri, having more than fifty attorneys
        and
        having a rating of "av" or better in the then current Martindale-Hubbell
        Law
        Directory. Such selection shall be made in the presence of Indemnitee (and
        his
        legal counsel or either of them, as Indemnitee may elect). Such special,
        independent counsel, among other things, shall determine whether and to what
        extent the Indemnitee would be permitted to be indemnified under applicable
        law
        and shall render its written opinion to the Company and Indemnitee to such
        effect.

    

     

    The
      Company agrees to pay the reasonable fees of the special, independent counsel
      referred to above and to fully indemnify such counsel against any and all
      Expenses and Losses arising out of or relating to this Agreement or its
      engagement pursuant hereto.

     

    4.0
      INSURANCE.

    (a)  Maintenance
      of Existing
Insurance.
The
      Company represents that
      it presently has in place certain policies of directors' and officers' liability
      insurance of such insurance companies and in such amounts as set forth in
      Schedule A attached hereto. Subject only to the provisions within this Section
      4, the Company agrees that so long as the Indemnitee shall continue to serve
      as
      a director, officer, employee, agent or fiduciary of the Company, or shall
      continue at the request of the Company to serve as a director, officer,
      employee, trustee, agent or fiduciary of another corporation, partnership,
      joint
      venture, trust or other enterprise, and thereafter so long as the Indemnitee
      shall be subject to any possible claim or threatened, pending or completed
      action, suit or proceeding or any inquiry or investigation, whether civil,
      criminal or investigative, arising out of the Indemnitee's tenure as a director,
      officer, employee, agent or fiduciary of the Company (such periods being
      hereinafter sometimes referred to as the "Indemnification Period"), the Company
      will purchase and maintain in effect for the benefit of the Indemnitee one
      or
      more valid, binding and enforceable policy or policies of directors' and
      officers' liability insurance providing, in all respects, coverage both in
      scope
      and amount which is no less favorable than that presently provided pursuant
      to
      the policies set forth in Schedule A.

    (b)  Limitations
      on Maintenance of
Insurance. The
      Company shall not be required to maintain said policy or policies of directors'
      and officers' liability insurance as set forth in subsection (a) of this Section
      4 if such insurance is not reasonably available or if it is in good faith
      determined by the then directors of the Company either that (i) the premium
      cost
      of maintaining such insurance is substantially disproportionate to the amount
      of
      coverage provided thereunder or (ii) the protection provided by such insurance
      is so limited by exclusions, deductions or otherwise that there is insufficient
      benefit to war-rant the cost of maintaining such insurance policies. Anything
      in
      this Agreement to the contrary notwithstanding, to the extent that and for
      so
      long as the Company shall choose to continue to maintain any policy or policies
      of directors' and officers' liability insurance during the Indemnification
      Period, the Company shall be required to maintain similar and equivalent
      insurance policies for the benefit of the Indemnitee during the Indemnification
      Period (whether more or less favorable to Indemnitee than the Company's existing
      policies).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (c)
      Additional Indemnification
in Lieu of
      Insurance. In the event (i) the Company
      shall discontinue any policy or policies of directors' and officers' liability
      insurance providing the coverages specified in subsection (a) of this Section
      4
      or limit in any way the coverages provided thereunder either in scope or amount,
      or (ii) such policies or the coverages provided thereunder become unavailable
      in
      whole or in part for any reason, the Company agrees to hold harmless and
      indemnify the Indemnitee for the remainder of the Indemnification Period to
      the
      full extent of the coverage which would otherwise have been provided for the
      benefit of the Indemnitee had such insurance policies specified in subsection
      (a) been maintained, unless the Indemnitee is otherwise protected by any
      insurance coverage maintained by the Company for the benefit of the Indemnitee
      in which event the indemnity provided by this subsection (c) shall be
      inapplicable to the extent, but only to the extent, of such
      coverage.

     

    5.0
      NO MODIFICATION.

    No
      supplement, modification or amendment of this Agreement shall be binding unless
      executed in writing by both of the parties hereto. No waiver of any of the
      provisions of this Agreement shall be deemed or shall constitute a waiver of
      any
      other provisions hereof (whether or not similar) nor shall such waiver
      constitute a continuing waiver.

     

    6.0
      SUBROGATION.

    In
      the
      event of payment under this Agreement, the Company shall be subrogated to the
      extent of such payment to all of the rights of recovery of Indemnitee, who
      shall
      execute all papers required and shall do everything that may be necessary to
      secure such rights, including the execution of such documents necessary to
      enable the Company effectively to bring suit to enforce such
      rights.

     

    7.0
      REIMBURSEMENT.

    The
      Company shall not be liable under this Agreement to make any payment in
      connection with any claim made against Indemnitee to the extent Indemnitee
      has
      otherwise actually received payment (under any insurance policy, Bylaw or
      otherwise) of the amounts otherwise indemnifiable hereunder.

     

    8.0
      EFFECTIVENESS.

    This
      Agreement shall be of full force and effect immediately upon its execution;
      provided, however, that the Board of Directors of the Company
      intends to place this Agreement before the Shareowners of the Company at the
      next annual meeting of Shareowners for ratification, and if Shareowners of
      the
      Company fail to ratify this Agreement at such meeting, the Company shall have
      the right in its sole discretion to terminate this Agreement. Upon any such
      termination this Agreement will be of no further force or effect.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    9.0
      NOTIFICATION AND DEFENSE OF CLAIM.

      Promptly
      after receipt by
      Indemnitee of notice of the commencement of any action, suit or proceeding,
      Indemnitee will, if a Claim in respect thereof is to be made against the Company
      under this Agreement, notify the Company of the commencement thereof; but the
      omission so to notify the Company will not relieve it from any liability which
      it may have to Indemnitee otherwise than under this Agreement. With respect
      to
      any such action, suit or proceeding as to which Indemnitee notifies the Company
      of the commencement thereof:

    (a)  the
      Company will be entitled to participate therein at its own expense;
      and

    (b)  except
      as
      otherwise provided below, to the extent that it may wish, the Company jointly
      with any other indemnifying party similarly notified will be entitled to assume
      the defense thereof, with counsel satisfactory to Indemnitee. After notice
      from
      the Company to Indemnitee of its election to assume the defense thereof, the
      Company will not be liable to Indemnitee under this Agreement for any legal
      or
      other expenses subsequently incurred by Indemnitee in connection with the
      defense thereof other than reasonable costs of investigation or as otherwise
      provided below. Indemnitee shall have the right to employ its counsel in such
      action, suit or proceeding, but the fees and expenses of such counsel incurred
      after notice from the Company of its assumption of the defense thereof shall
      be
      at the expense of Indemnitee unless (i) the employment of counsel by Indemnitee
      has been authorized by the Company, (ii) Indemnitee shall have reasonably
      concluded that there may be a conflict of interest between the Company and
      the
      Indemnitee in the conduct of the defense of such action or (iii) the Company
      shall not in fact have employed counsel to assume the defense of such action,
      in
      each of which cases the fees and expenses of counsel shall be at the expense
      of
      the Company. The Company shall not be entitled to assume the defense of any
      action, suit or proceeding brought by or on behalf of the Company or as to
      which
      the Indemnitee shall have made the conclusion provided for in (ii)
      above.

        (c)  the
      Company shall not be liable to indemnify the Indemnitee under this Agreement
      for
      any amounts paid in settlement of any action or claim effected without its
      writ-ten consent. The Company shall not settle any action or claim in any manner
      which would impose any penalty or limitation on the Indemnitee without the
      Indemnitee's written consent. Neither the Company nor the Indemnitee will
      unreasonably withhold their consent to any proposed settlement.

     

    10.0
      NON-EXCLUSIVITY.

    The
      rights of the Indemnitee hereunder shall not be deemed exclusive of any other
      rights he may have under the Company's Bylaws or the Delaware General
      Corporation Law or otherwise, and to the extent that during the Indemnification
      Period the rights of the then existing directors and officers are more favorable
      to such directors or officers than the rights currently provided thereunder
      or
      under this agreement to Indemnitee, Indemnitee shall be entitled to the full
      benefits of such more favorable rights.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    11.0
      BINDING EFFECT.

      This
      Agreement shall be
      binding upon and inure to the benefit of and be enforceable by the parties
      hereto and their respective successors, assigns, including any direct or
      indirect successor by purchase, merger, consolidation or otherwise to all or
      substantially all of the business and/or assets of the Company, spouses, heirs
      and personal and legal representatives. This Agreement shall continue in effect
      during the Indemnification Period, regardless of whether Indemnitee continues
      to
      serve as an officer or director of the Company or of any other enterprise at
      the
      Company’s request.

     

    12.0
      SEVERABILITY.

    The
      provisions of this Agreement shall be severable in the event that any provision
      hereof (including any provision within a single section, paragraph or sentence)
      is held by a court of competent jurisdiction to be invalid, void or otherwise
      unenforceable, and the remaining provisions shall remain enforceable to the
      fullest extent permitted by law.

     

    13.0
      GOVERNING LAW.

    This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of Delaware.

     

    14.0
      ENTIRE AGREEMENT AND TERMINATION.

      This
      Agreement represents
      the entire agreement between the parties; and there are no other agreements,
      contracts or understandings between the parties with respect to the subject
      matter of this Agreement. No termination or cancellation of this Agreement
      (except by the Company pursuant to Section 8 hereof) shall be effective unless
      in writing and signed by both parties hereto.

     

    
      
        	 Executed
                this 	 	 day
                of	
                 ,

              	 1986.
	 SOUTHWESTERN
                BELL CORPORATION

      

    

     

     

     

    
      	 By    	 
	 	 Zane
              E. Barnes, Chairman and Chief Executive
              Officer

    

     

    
 

    
      	 By    	 
	 	 lndemniteeex10k.htm

    
      Exhibit
        10-k

       

      

    

    
      

       

      

    

    
      Effective
        January 1, 2008

       

    

    
      Administrative
        Plan

       

    

    
      The
        benefits under this Plan are offered by AT&T Inc. (“AT&T”) to persons
        who have been identified by AT&T as executive officers under Rule 3b-7 of
        the Securities Exchange Act of 1934 (“Executive Officers”).

       

    

    
      Administration
        of Plan. The Plan or the benefits hereunder may be modified or terminated by
        the Human Resources Committee in its sole discretion at any time.

       

    

    
      Except
        to
        the extent otherwise provided herein, the Vice President responsible for
        Human
        Resources (or the successor to such position) shall be the Administrator
        of the
        Plan and will administer the Plan, interpret, construe and apply its provisions
        in accordance with its terms.  The Administrator, in his or her sole
        discretion, may establish, adopt or revise rules, as he or she may deem
        necessary or advisable for the administration of the Plan, including the
        allocation or limitation of benefits.

       

    

    
      The
        Administrator may adopt another plan, not to exceed the benefits included
        herein, for the benefit of such other employees or former employees of Employers
        as the Administrator may determine in his or her sole discretion, on such
        terms
        and conditions as the Administrator shall determine.  The
        Administrator may, from time to time, revise the plan solely to increase
        the
        financial limits on benefits, not to exceed the corresponding proportional
        increase in the consumer price index from January 1, 2003, through the date
        of change.

       

    

    
      All
        decisions of the Administrator shall be final and binding unless the Board
        of
        Directors or its delegate should determine otherwise.

       

    

    
      No
        Employment Rights.  Nothing herein shall constitute a contract of
        continuing employment or in any manner obligate AT&T or any Executive
        Officer to continue the employment relationship of, or obligate an Executive
        Officer to continue in the service of AT&T or any Affiliate.

       

    

    
      Non-Transferability.  No
        recipient of benefits under this Plan nor any other person shall have any
        right
        to sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber,
        transfer, hypothecate or convey any of the benefits hereunder, or any part
        thereof, which are, and all rights to which are, expressly declared to be
        unassignable and non-transferable.

       

    

    
      Notice.  Any
        notice required or permitted to be given to the Administrator under the Plan
        shall be sufficient if in writing and hand delivered, or sent by certified
        mail,
        to the principal office of AT&T, directed to the attention of the Senior
        Executive Vice President-Human Resources.  Any notice required or
        permitted to be given to any other person shall be sufficient if in writing
        and
        hand delivered, or sent by certified mail, to the person at the person's
        last
        known mailing address as reflected on the records of his or her employing
        company.  Notice shall be deemed given as of the date of delivery or,
        if delivery is made by mail, as of the date shown on the postmark or on the
        receipt for certification.

       

    

    
      Validity.  In
        the event any provision of this Plan is held invalid, void or unenforceable,
        the
        same shall not affect, in any respect whatsoever, the validity of any other
        provision of this plan.

       

    

    
      Applicable
        Law.  This Plan shall be governed and construed in accordance with
        the laws of the State of Texas to the extent not preempted by the Employee
        Retirement Income Security Act of 1974, as amended, and regulations thereunder
        ("ERISA").

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

    

    
      Automobile.  Each
        Executive Officer may receive the use of a four-door automobile or an automobile
        allowance and expenses associated with the operation of the
        automobile.  The Administrator shall determine the amount of the
        allowance for each Executive Officer provided that the allowance shall not
        exceed $2,000 per month.

       

    

    
      Communications.  Each
        Executive Officer may receive reasonable communications services including
        local, long distance, DSL, Internet, wireless, satellite television/video
        and
        related equipment.

       

    

    
      Financial
        Counseling.   Executive Officers may receive income tax
        preparation services and financial planning services from a list of designated
        providers not to exceed $14,000 per year.

       

    

    
      Estate
        Planning.   Executive Officers may receive estate planning
        documentation services not to exceed $10,000 per year.

       

    

    
      Clubs.    Executive
        Officers may receive initiation fees, dues, assessments and other charges
        for
        reasonable memberships as approved by the CEO or the Administrator, in each
        case
        in his or her sole discretion. AT&T does not reimburse for dues, initiation
        fees or other expenses incurred in connection with a membership in a club
        that
        discriminates in its membership policies based on race, creed, gender or
        ethnic
        origin.  The Administrator shall report annually to the Human
        Resources Committee as to the usage of this benefit by the Chief Executive
        Officer and to the Chief Executive Officer on the usage by all other Executive
        Officers.

    

    
      

    

    
      Executive
        Protection.  Based upon the concern for the security of Executive
        Officers, the need to secure their optimum availability for business purposes
        and to permit uninterrupted communications between them, the Executive Officers
        are authorized to receive home security services, and, whenever feasible,
        to use
        AT&T provided aircraft in connection with business travel and to use such
        aircraft for the personal travel of Executive Officers where the Chief Executive
        Officer, in his or her sole discretion, deems such use appropriate because
        of
        similar considerations.

       

    

    
      Retirement.   Upon
        the Retirement of an Executive Officer, he or she may receive up to an
        additional $20,000 of financial consulting reasonably in connection with
        and
        incurred within a reasonable time of his or her actual
        retirement.  After the Retirement of an Executive Officer he or she
        shall continue to receive the communications, financial counseling and estate
        planning benefits until his or her death.  After the death of an
        Executive Officer or Retired Executive Officer, his or her spouse shall receive
        the communications benefit for 6 billing cycles and shall receive the financial
        counseling and estate planning benefits for 2 years.

       

    

    
      Taxes.  Each
        recipient of benefits under this Plan shall receive an amount equal to that
        necessary to offset the Federal, state and local income taxes, as well as
        associated employment taxes, of the recipient (including taxes on tax
        reimbursements) resulting from the benefits in this Plan, other than (1)
        the
        monthly automobile allowance for Executive Officers; and (2) personal use
        of
        aircraft.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}]]