Document:

Unassociated Document

    Exhibit
10.1(a)

    FIRST
AMENDMENT TO THE

    CENTURYTEL
DOLLARS & SENSE 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 Dollars & Sense 401(k) Plan and Trust, each amendment
effective as indicated below:

    

    The
following amendments are 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 6.4(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, Frozen Pre-Tax Account and any
“Employer Contribution Account” in a Frozen Other Contribution Account; (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be withdrawn pro rata across eligible money types.

     

    

    
      	
              2.  

            	
              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will be funded with assets withdrawn pro rata across all money types except for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 the portion of a Participant’s ESOP Account, Stock Bonus Account and PAYSOP
Account held in Company Stock.

    

     

    

    The
following amendment is effective as if included in the Adoption Statement
executed on behalf of Madison River Communications Corp. and Participating
Subsidiaries and dated May 6, 2007:

    

    
      	
              1.  

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

            

    

    

    Restoration
of Forfeiture.  If a Participant forfeited employer
contributions as a participant in the ESOP, the CenturyTel Fiber Company II, LLC
401(k) Plan and Trust (“LightCore Plan”), or the Madison River Profit Sharing
& 401(k) Plan (“Madison River Plan”) and returns to service prior to
incurring five (5) “Breaks in Service,” the dollar amount forfeited shall be
restored to the applicable account at the time of
reemployment.  Notwithstanding, if a plan required the reemployed
Participant to return the vested employer contributions before the dollar amount
forfeited will be restored, such requirement is incorporated
herein.

     

    The
definitions of “Breaks in Service” and “Years of Service,” vesting provisions,
and reemployment provisions of the ESOP, the LightCore Plan, and the Madison
River Plan are incorporated herein to determine whether a Participant is
entitled to a restoration of forfeitures and to determine the vesting of such
amounts based upon future services.

     

    Prior to
November 6, 2006, the employer contributions in the ESOP vested after five (5)
Years of Service.  On November 6, 2006, the ESOP was amended to fully
vest active Participants.  Prior to the merger of the LightCore Plan
into the Plan, the employer contributions in the LightCore Plan vested in
accordance with a three (3) year graded vesting schedule:  Less than 1
year -  0%; 1 year but less than 2 years -33%; 2 years but less than 3
years - 67%; and 3 or more years - 100%. Prior to the merger of the Madison
River Plan into the Plan, the employer contributions in the Madison River Plan
vested in accordance with a five (5) year graded vesting
schedule:  Less than 1 year – 0%; 1 year but less than 2 years – 20%;
2 years but less than 3 years – 40%; 3 years but less than 4 years – 60%; 4
years but less than 5 years – 80%; and 5 or more years – 100%.

     

    The funds
for such restoration shall be taken from any available forfeited amounts at the
time the Participant is reemployed or, if such forfeited amounts are
insufficient to provide the restoration, shall be provided by an Employer
contribution.  If any restored amounts are later forfeited, such
forfeitures shall be used to reduce Employer obligations to make Employer Match
Contributions or Profit Sharing Contributions or, as the direction of the
Committee, to pay Plan expenses.

     

    

     

    

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

     

    
      	
              1.  

            	
              Section
      1.1 is amended to delete 1.1(c), to re-designate 1.1(d)-(k) as 1.1(c)-(j),
      to insert “(k)Pre-Tax Elective Deferral Account”, to insert “(q)Roth
      Elective Deferral Account”, and to re-designate 1.1(q) as 1.1(r) and
      1.1(r) as 1.1(s).

            

    

    

    
      	
              2.  

            	
              The
      last sentence of Section 1.8 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
      1.16 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
      1.17 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 1.44, as
follows:

            

    

    

    1.44           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 and, if applicable, amounts transferred from the
Predecessor Plans as set forth on Appendix A. 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 1.45, as
follows:

            

    

    

    1.45           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
      1.44 through 1.51 are re-numbered as Sections 1.46 through
      1.53.

            

    

    

    

    

    
      	
              8.  

            	
              Article
      I is amended to insert Section 1.54, as
follows:

            

    

     

                  
1.54     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 1.55, as
follows:

            

    

    

    1.55           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
      1.52 through 1.56 are re-numbered as Sections 1.56 through
      1.60.

            

    

    

    
      	
              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
      first paragraph of Section 3.2(m) is amended in its entirety to read as
      follows:

            

    

    

    Notwithstanding
the Match Contribution formula contained in Section 3.2(c), each Participant who
is employed with Madison River Communications Corp. or the Participating
Subsidiaries will receive an Employer Match Contribution for the 2007 Plan Year
in an amount equal to 50% of the amount of the Participant’s Elective Deferrals
that do not exceed 6% of the Participant’s Compensation. Effective January 1,
2008, the provisions of Section 3.2(d) shall apply to employees of Madison River
Communications Corp. and the Participating Subsidiaries.

    

    
      	
              16.  

            	
              The
      following is added as Section
3.7(f):

            

    

    

    (f)           Notwithstanding
the preceding provisions of this Section 3.7, the Trustee shall not accept
rollovers or direct transfers of funds from a Roth account under a qualified
plan or from a Roth IRA.

    

    
      	
              17.  

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

            

    

    

    Excess
Contributions distributed by the Employer from a Participant’s Elective Deferral
Account pursuant to this Section 3.9(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.

    

    
      	
              18.  

            	
              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.

    

    
      	
              19.  

            	
              The
      following paragraphs are inserted as the second and third 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.

    

    
      	
              20.  

            	
              The
      following paragraph is added as the third paragraph of Section
      7.8(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.

    

    
      	
              21.  

            	
              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, the portion of a Participant’s ESOP Account, Stock Bonus Account and
PAYSOP Account held in Company Stock, and a Participant’s Roth Elective Deferral
Account.

    

    
      	
              22.  

            	
              The
      following is added as Section 15.7:

            

    

    

    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(a)

    

     

    SECOND
AMENDMENT TO THE

    CENTURYTEL
DOLLARS & SENSE 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 Dollars & Sense 401(k) Plan and Trust, effective for the
2007 Plan Year:

    

    
      	
              1.  

            	
              Appendix
      C for the 2007 Plan Year is inserted, as
  follows:

            

    

    

    APPENDIX
C

     

    The
Account Balance of each Participant listed below shall be increased by a Profit
Sharing Contribution to the Participant’s Profit Sharing Account for Plan Year
2007.  The Profit Sharing Contribution for each Participant for Plan
Year 2007 is specified below.

     

    
      	
              Personnel

              Number

            	
               

              Name

            	
              Profit
      Sharing

              Contribution

            
	
              58704

            	
              P.
      Adams

            	
               17,500

            
	
              3359

            	
              A.
      Alford

            	
                 8,500

            
	
              3302

            	
              J.
      Allen

            	
                 1,103

            
	
              57996

            	
              V.
      Callen

            	
               13,980

            
	
              4494

            	
              C.
      Davis

            	
               13,651

            
	
              58716

            	
              D.
      Davis

            	
                 8,000

            
	
              3122

            	
              P.
      Eason

            	
               17,500

            
	
              3082

            	
              J.
      Glover

            	
                 8,500

            
	
              6289

            	
              T.
      Grigar

            	
               10,000

            
	
              54435

            	
              A.
      Higginbotham

            	
                 3,000

            
	
              5577

            	
              C.
      Inabnett

            	
                 3,118

            
	
              1400

            	
              T.
      Kissane

            	
               17,500

            
	
              7373

            	
              J.
      Osa

            	
                 3,035

            
	
              2732

            	
              O.
      Riley

            	
                 9,963

            
	
              2067

            	
              D.
      Ring

            	
               10,000

            
	
              54119

            	
              T.
      Schafer

            	
                 8,000

            
	
              54861

            	
              K.
      Victory

            	
                 8,000

            
	
              2710

            	
              T.
      Walden

            	
               12,500

            
	
              7491

            	
              C.
      Watkins

            	
               18,000

            
	
              58715

            	
              A.
      Whipple

            	
                 4,811

            
	
              TOTAL

            	 
      	
              196,661

            

    

    

     

    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 Secretary

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