Document:

Unassociated Document

                                                                                                Exhibit
      10(l)(2)

    
 

    AMENDMENT
      NO.1

    TO

    ALLTEL
      CORPORATION BENEFIT RESTORATION PLAN

    

    WHEREAS,
      ALLTEL Corporation (the “Company”) amended 

    and
      restated the ALLTEL Corporation Benefit Restoration Plan (the “Plan”), effective
      January 1, 1996; and

    

    WHEREAS,
      the Company desires to further amend the Plan; 

    

    NOW,
      THEREFORE, BE IT RESOLVED, that the Company

    hereby
      amends the Plan in the respects hereinafter set forth; 

    

    
      	1.  	
              Effective
                as of January 1, 1996, Section 4.02 of the Plan is amended to provide
                as
                follows:

            

    

     

    Section
      4.02. Deferrals. A
      Participant may elect to reduce his Excess Compensation for a Thrift Plan 401
      (a) (17) Limitation Measuring Period by an amount not in excess of the amount
      determined for each period by the Company, and such amount shall be credited
      to
      the Participant’s Thrift Plan Excess Benefit Account. Any such election shall be
      in writing on a form provided therefore by the Company, shall be irrevocable
      and
      shall be delivered to the Company prior to the first day of the Thrift Plan
      401
      (a) (17) Limitation Measuring Period to which it relates. Notwithstanding the
      immediately preceding sentence, such election may be delivered during the Thrift
      Plan 401 (a) (17) Limitation Measuring Period in which an employee first becomes
      a Participant with respect to the Thrift Plan, but with respect only to the
      Excess Compensation attributable to services performed subsequent to the
      delivery of the election, provided that the Participant delivers the election
      to
      the Company within 30 days after his designation of eligibility to become a
      Participant.

    

    
      	2.  	
              Effective
                as of January 1, 1996, the Plan is amended to add a new Section 4.02-A
                immediately following Section 4.02 to provide as
                follows:

            

    

    

    Section
      4.02-A. Allocation of Employer Matching Contributions.  For
      each
      Participant employed by a Matching Employer under the Thrift Plan during a
      Plan
      Year, there shall be credited to such Participant’s Thrift Plan Excess Benefit
      Account an amount equal to the Basic Employer Matching Contribution and
      Additional Employer Matching Contribution that would have been made to the
      Thrift Plan for such Plan Year if the Participant’s compensation reductions
      under Section 4.02 above (to the extent of 6% of the Participant’s Excess
      Compensation) had been Matched Salary Deferral Contributions under the Thrift
      Plan and had the Thrift Plan contained no limitation with respect to the Section
      401 (a) (17) of the Code, Section 415 of the Code, Section 402 (g) of the Code,
      Section 401(k) of the Code and Section 401(m) of the Code. Any credits described
      in the immediately preceding sentence shall be made only to the extent that
      the
      Participant has not received from the Thrift Plan or otherwise a payment in
      respect of the limitation under the Code. In accordance with the rules
      established by the Company, compensation deferred by a Participant under the
      ALLTEL Corporation Executive Deferred Compensation Plan, the ALLTEL Corporation
      Performance Incentive Compensation Plan, and the ALLTEL Corporation Long-Term
      Performance Incentive Compensation Plan may be taken into account as
      compensation reductions for purposes only of determining credits to the
      Participant’s Thrift Plan Excess Benefit Plan Account under this Section
      4.02-A.

    

    
      	3.  	
              Effective
                as of January 1, 1996, the Plan is amended to add a new Section 4.02-B
                immediately following Section 4.02-A to provide as
                follows:

            

    

    

    Section
      4.02 B. Allocation of Employer Qualified Nonelective
      Contribution.

    For
      each
      Plan Year that a Participant receives an allocation of the Employer Qualified
      Nonelective Contribution under the Thrift Plan, there shall be credited to
      such
      Participant’s Thrift Plan Excess Benefit Account an amount equal to the amount
      of the Employer Qualified Nonelective Contribution that would have been made
      with respect to the Participant’s Excess Compensation for such Plan Year had the
      Participant’s Excess Compensation for Plan Year been taken into account as
      Compensation for such Plan Year under the Thrift Plan; determined without regard
      to the limitation under Section 415 of the Code. For purposes of this Section
      4.02-B only, Excess Compensation shall include compensation deferred by a
      Participant under the ALLTEL Corporation Executive Deferred Compensation Plan,
      the ALLTEL Corporation Performance Incentive Compensation Plan, and the ALLTEL
      Corporation Long-Term Performance Incentive Compensation Plan.

    

    
      	4.  	
              Effective
                as of January 1, 1996, the Plan is amended to add a new Section 4.02-C
                immediately following Section 4.02-B to provide as
                follows:

            

    

     

    Section
      4.02-C. Credits to Participant’s Thrift Plan Excess Benefit
      Account.

    Credits
      to Participant’s Thrift Plan Excess Benefit Account under Section 4.02, 4.02-A,
      and 4.02-B shall occur at the same time(s) and in the same manner as such
      credits would have been made to the appropriate account(s) under the Thrift
      Plan
      if the amount(s) of such credits had been Salary Deferral Contributions under
      the Thrift Plan or Employer Contributions under the Thrift Plan, as
      applicable.

    

    IN
      WITNESS WHEREOF, the Company, by its duly authorized officer, has caused this
      Amendment to be executed on this 26th day of October, 1996.

    

    

    ALLTEL
      CORPORATION

     

    By:
      /s/ John L.
      Comperin           

    Vice
      PresidentUnassociated Document

                                                                                                Exhibit
      10(l)(3)

    
 

    AMENDMENT
      NO.2

    TO

    ALLTEL
      CORPORATION BENEFIT RESTORATION PLAN

    (January
      1, 1996 Restatement)

    

    

    WHEREAS,
      ALLTEL Corporation (“ALLTEL”) maintains the ALLTEL Corporation

     Benefit
      Restoration Plan, as amended and restated effective January 1, 1996

     and
      as subsequently amended (the “Plan”); and 

    

    WHEREAS,
      ALLTEL desires to further amend the Plan; 

    

    NOW,
      THEREFORE, BE IT RESOLVED, that ALLTEL hereby amends the Plan

     in
      the respects hereinafter set forth:

    

    
      	1.  	
              Effective
                January 1, 1996, Section 2.01(f) of the Plan is amended to provide
                as
                follows:

            

    

    

    
        
         (f)  “Excess
        Compensation” means the portion of a Participant’s compensation for a Plan Year
        that is not considered Compensation under the Profit-Sharing Plan or Thrift
        

      Plan,
        as
        applicable, because of the limitations in the Profit-Sharing Plan or Thrift
        Plan, as applicable, in respect of Section 401(a)(17) of the Code, determined
        without regard to the provisions of Section 4.02.

    

    

    
      	2.  	
              Effective
                January 1, 1996, Section 4.02-A of the Plan is amended to provide
                as
                follows:

            

    

    

    Section
      4.02-A. Allocation of Employer Matching Contributions. For
      each
      Participant employed by a Matching Employer under the Thrift Plan during a
      Plan
      Year, there shall be credited to such Participant’s Thrift Plan Excess Benefit
      Account an amount equal to the Basic Employer Matching Contribution and
      Additional Employer Matching Contribution that would have been made to the
      Thrift Plan for such Plan Year if the Participant’s compensation reductions
      under Section 4.02 above (to the extent of 6% of the Participant’s Excess
      Compensation) had been Matched Salary Deferral Contributions under the Thrift
      Plan and had the Thrift Plan contained no limitation with respect to Section
      401(a)(17) of the Code, Section 415 of the Code, Section 402(g) of the Code,
      Section 401(k) of the Code, and Section 401(m) of the Code. Any credits
      described in the immediately preceding sentence shall be made only to the extent
      that the Participant has not received from the Thrift Plan or otherwise a
      payment in respect of the limitation under the Code. In accordance with the
      rules established by the Company, amounts that would constitute compensation
      under the Thrift Plan but for the deferral of payment thereof by the Participant
      under the ALLTEL Corporation Executive Deferred Compensation Plan, the ALLTEL
      Corporation 1998 Management Deferred Compensation Plan, the ALLTEL Corporation
      Performance Incentive Compensation Plan, and the ALLTEL Corporation Long-Term
      Performance Incentive Compensation Plan may be taken into account as
      compensation reductions for purposes only of determining credits to the
      Participant’s Thrift Plan Excess Benefit Plan Account under this Section 4.02-A
      for the period when (and in the amount(s)) such deferred amounts would have
      been
      paid in the absence of the deferral (but not for the period when such deferred
      amounts are earned or actually paid).

    

    
      	3.  	
              Effective
                January 1, 1996, Section 4.02-B of the Plan is amended to provide
                as
                follows:

            

    

    

    Section
      4.02-B. Allocation of Employer Qualified Nonelective
      Contribution.
      For each
      Plan Year that a Participant receives an allocation of the Employer Qualified
      Nonelective Contribution under the Thrift Plan, there shall be credited to
      such
      Participant’s Thrift Plan Excess Benefit Account an amount equal to the amount
      of the Employer Qualified Nonelective Contribution that would have been made
      with respect to the Participant’s Excess Compensation for such Plan Year had the
      Participant’s Excess Compensation for such Plan Year been taken into account as
      Compensation for such Plan Year under the Thrift Plan, determined without regard
      to the limitation in respect of Section 415 of the Code. For purposes of this
      Section 4.02-B only, Excess Compensation shall include amounts that would
      constitute compensation under the Thrift Plan but for the deferral of payment
      thereof by the Participant under the ALLTEL Corporation Executive Deferred
      Compensation Plan, the ALLTEL Corporation 1998 Management Deferred Compensation
      Plan, the ALLTEL Corporation Performance Incentive Compensation Plan, and the
      ALLTEL Corporation Long-Term Performance Incentive Compensation Plan for the
      period when (and in the amount(s)) such deferred amounts would have been paid
      in
      the absence of the deferral (but not for the period when such deferred amounts
      are earned or actually paid).

     

    IN
      WITNESS WHEREOF, the Company, by its duly authorized officer has caused this
      Amendment to be executed on this 28th day of January, 1999.

    
 

     

                                                                                                                                                                      
ALLTEL
      CORPORATION

     

                    
      

                                                                                                                                                  By:   /s/
      Joe T.
      Ford                                  
      

    Title: 
      Chairman and Chief Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]