Document:

Performance Stock Unit Agreement 2007-09 Award Cycle

 Exhibit 10b 
 VERIZON COMMUNICATIONS INC. LONG-TERM INCENTIVE PLAN 
 PERFORMANCE STOCK UNIT AGREEMENT

 2007–09 AWARD CYCLE 
 AGREEMENT
between Verizon Communications Inc. (“Verizon” or the “Company”) and you (the “Participant”) and your heirs and beneficiaries. 
 1. Purpose of Agreement. The purpose of this Agreement is to provide a grant of performance stock units (“PSUs”) to the Participant. 
 2. Agreement. This Agreement is entered into pursuant to the 2001 Verizon Communications Inc. Long-Term Incentive Plan (the “Plan”), and evidences the grant of a performance stock award in the form of PSUs pursuant to the
Plan. The participant’s obligations and restrictions set forth in Exhibit A to this Agreement (the “Participant’s Obligations”) are incorporated into and are a part of the Agreement. The PSUs and this Agreement are subject to the
terms and provisions of the Plan. By executing this Agreement, the Participant agrees to be bound by the terms and provisions of the Plan and this Agreement. In addition, the Participant agrees to be bound by the actions of the Human Resources
Committee of Verizon Communication’s Board of Directors or any successor thereto (the “Committee”), and any designee of the Committee (to the extent that such actions are exercised in accordance with the terms of the Plan and this
Agreement). If there is a conflict between the terms of the Plan and the terms of this Agreement, the terms of this Agreement shall control. 
 3.
Contingency. The grant of PSUs is contingent on the Participant’s timely acceptance of this Agreement and satisfaction of the other conditions contained in it. If the Participant does not accept this Agreement by the close of business on
April 30, 2007, the Participant shall not be entitled to the PSUs regardless of the extent to which the vesting requirements in paragraph 5 (“Vesting”) are satisfied. 
 4. Number of Units. The Participant is granted the number of PSUs as specified in their account under the 2007 PSU grant, administered by Fidelity Investments or any successor thereto (“Fidelity”). A
PSU is a hypothetical share of Verizon’s common stock. The value of a PSU on any given date shall be equal to the closing price of Verizon’s common stock on the New York Stock Exchange as of such date. A PSU does not represent an equity
interest in Verizon and carries no voting rights. A Dividend Equivalent Unit (“DEU”) or fraction thereof shall be added to each PSU each time that a dividend is paid on Verizon’s common stock. The amount of each DEU shall be equal to
the dividend paid on a share of Verizon’s common stock. The DEU shall be converted into PSUs or fractions thereof based upon the closing price of Verizon’s common stock traded on the New York Stock Exchange on the dividend payment date of
each declared dividend on Verizon’s common stock, and such PSUs or fractions thereof shall be added to the Participant’s PSU balance. To the extent that Fidelity or the Company makes an administrative error with respect to the number or
value of the PSUs granted to the Participant under this Agreement or the DEUs credited to your account, the Company or Fidelity specifically reserves the right to correct such error at any time and the Participant agrees that he or she shall be
legally bound by any corrective action taken by the Company or the Plan Administrator. 
 5. Vesting. 
 (a) General. The Participant shall vest in the PSUs to the extent provided in paragraph 5(b) (“Performance Requirement”) only if the
Participant satisfies the requirements of paragraph 5(c) (“Three-Year Continuous Employment Requirement”), except as otherwise provided in paragraph 7 (“Early Cancellation/Accelerated Vesting of PSUs”). 

 (b) Performance Requirement. 
 (1) General. The PSUs shall vest based on the average annual total shareholder return
(“TSR”) of Verizon’s common stock during the three-year period beginning January 1, 2007, and ending at the close of business on December 31, 2009 (the “Award Cycle”), relative to the combined weighted average
annual TSR of the companies in the Standard & Poor’s 500 (“S&P 500®”) Index and the companies in the Industry Peer Company (“IPC”) Index during the same three-year period. No PSUs shall vest unless the Committee determines that certain threshold performance requirements have been
satisfied. The formula for determining the total number of PSUs that may vest and become payable (the “Payout Formula”) will equal the number of units that you are granted as described in paragraph 4 (plus any additional PSUs added with
respect to DEUs credited over the Award Cycle) times the Total Vested Percentage (as defined below). For example, if (a) you are granted 1,000 PSUs, and (b) those PSUs are credited with an additional 150 PSUs as a result of DEUs
paid over the Award Cycle, and (c) the Total Vested Percentage is 96%, you will generally vest in (1,000 PSUs + 150 PSUs from DEUs) times 96%, or 1,104 PSUs, which shall be payable in cash as described in paragraph 6. Please note that
the Committee retains the discretion to determine the Total Vested Percentage, the Verizon S&P 500 Vested Percentage, the Verizon IPC Vested Percentage and the extent to which you are eligible to receive DEUs with respect to dividends declared
after your separation from employment pursuant to paragraph 7(b)(1). 
 (2) Definitions. For purposes of the performance
requirement and Payout Formula set forth in paragraph 5(b)(1)— 
 (i) “Total Vested Percentage” shall be equal to
(i) 40% of the average annual Verizon S&P 500 Vested Percentage during the Award Cycle, plus (ii) 60% of the average annual Verizon IPC Vested Percentage during the Award Cycle. 
 (ii) “Verizon S&P 500 Vested Percentage” shall be an amount (between 0% and 200%), as determined by the Committee, for each year in the
Award Cycle as provided in the following table: 
  

			
	  
     Verizon S&P 500 TSR Position    
  
	  	 Verizon S&P 500 Vested Percentage
  

	  
 Below 20%
  
	  	 0%
  

	  
 At least 20% but less than 80%
  
	  	 2 Times the Verizon S&P 500 TSR
Position
  

	  
 80% or more
  
	  	 200%
  

 (iii) “Verizon S&P 500 TSR Position” shall be, as determined by the Committee,
Verizon’s rank among companies in the S&P 500 Index in terms of TSR, expressed as a percentage equal to the number of companies in the S&P 500 Index (including Verizon) with a TSR less than or equal to that of Verizon divided by the
total number of companies in such index. The Committee retains the discretion to determine the Verizon S&P 500 TSR Position for any period. 
 (iv) “Verizon IPC Vested Percentage” shall be an amount (between 0% and 200%), as determined by the Committee, for each year in the Award Cycle as provided in the following table: 
  

			
	  
     Verizon IPC TSR Position    
  
  
	  	 Verizon IPC Vested Percentage
  
  

	  
 Below 20%
  
	  	 0%
  

	  
 At least 20% but less than 55%
  
	  	 1.5 times the Verizon IPC TSR
Position
  

	  
 55%
  
	  	 100%
  

	  
 More than 55%
  
	  	 2 times the Verizon IPC TSR
Position
  

 (v) “Verizon IPC TSR Position” shall be, as determined by the Committee, where Verizon
would rank among companies in an Industry Peer Company Index in terms of TSR if Verizon were included in such index, expressed as a percentage equal to the number of companies in the IPC Index (including Verizon) with a TSR less than or equal to
that of Verizon divided by the total number of companies in such index. The Committee retains the discretion to substitute, add or eliminate companies in the Industry Peer Company Index and to determine the Verizon IPC TSR Position for any period.

 (vi) “TSR” or “Total Shareholder Return” shall mean the change in the price of a share of common stock from the
beginning of a period (as measured by the closing price of a share of such stock on the last trading day preceding the beginning of the period) until the end of such period (the “Measurement Period”)(as measured by the closing price of a
share of such stock on the last trading day of the period), adjusted to reflect the reinvestment of dividends (if any) through the purchase of common stock and as may be necessary to take into account stock splits or other events similar to those
described in Section 4.3 of the Plan. Measurement Periods may vary between and/or during an Award Cycle, and may or may not be coextensive with the Award Cycle. The Committee retains the discretion to determine and to change the Measurement
Periods which shall be used to calculate TSRs for the Award Cycle, both before and during the Award Cycle. 
 (c) Three-Year Continuous
Employment Requirement. Except as otherwise determined by the Committee, or except as otherwise provided in paragraph 7(b), the PSUs shall vest only if the Participant is continuously employed by the Company from the date the PSUs are granted
through the end of the Award Cycle. 
 (d) Transfer. Transfer of employment from Verizon to a Related Company (as defined in paragraph
13), from a Related Company to Verizon, or from one Related Company to another Related Company shall not constitute a separation from employment hereunder, and service with a Related Company shall be treated as service with the Company for purposes
of the three-year continuous employment requirement in paragraph 5(c). If you transfer employment pursuant to this paragraph 5(d), you will still be required to satisfy the definition of “Retire” under paragraph 7 of this Agreement in
order to be eligible for the accelerated vesting provisions in connection with a retirement. 
 6. Payment. All payments under this Agreement shall be
made in cash. As soon as practicable after the end of the Award Cycle (but in no event later than March 15, 2010), except as described in paragraph 7(c), the value of the vested PSUs (minus any withholding for taxes) shall be paid to the
Participant (subject, however, to any deferral application that the Participant has made under the deferral plan (if any) then available to the Participant). The amount of cash that shall be paid (plus withholding for taxes and any applicable
deferral election) shall equal the number of vested PSUs times the closing price of Verizon’s common stock on the New York Exchange as of the last trading day in the Award Cycle (or the closing price on the effective date of the Change
in Control, in the case of a payment made under paragraph 7(c)). If the Participant dies before any payment due hereunder is made, such payment shall be made to the Participant’s beneficiary, as designated under paragraph 11. Once a payment has
been made with respect to a PSU, the PSU shall be canceled. 
  

 7. Early Cancellation/Accelerated Vesting of PSUs. Subject to the provisions of paragraph 7(c) and 5, PSUs may
vest or be forfeited before vesting as follows: 
 (a) Retirement Before July 1, 2007, Voluntary Separation On or Before
December 31, 2009 or Discharge for Cause On or Before December 31, 2009. 
 (1) If the Participant (i) Retires (as defined
in paragraph 7(b)(4)) before July 1, 2007, (ii) quits on or before December 31, 2009, (iii) is terminated for Cause (as defined below) on or before December 31, 2009 (even if otherwise eligible to Retire), or
(iv) separates from employment on or before December 31, 2009 under circumstances not described in paragraph 7(b), all then-unvested PSUs shall be canceled immediately and shall not be payable. 
 (2) For purposes of this Agreement, “Cause” means (i) grossly incompetent performance or substantial or continuing inattention to or
neglect of the duties and responsibilities assigned to the Participant; fraud, misappropriation or embezzlement involving the Company; or a material breach of the Verizon Code of Business Conduct or any of the Participant’s Obligations set
forth in Exhibit A to this Agreement, all as determined by the Executive Vice President – Human Resources of Verizon (or his or her designee) in his or her discretion, or (ii) commission of any felony of which the Participant is finally
adjudged guilty by a court of competent jurisdiction. 
 (b) Retirement After June 30, 2007, Involuntary Termination Without
Cause On or Before December 31, 2009, Termination Due to Death or Disability On or Before December 31, 2009. 
 (1) This
paragraph 7(b) shall apply if the Participant: 
 (i) Retires (as defined below) after June 30, 2007, or 
 (ii) Separates from employment by reason of an involuntary termination without Cause (as determined by the Executive Vice President – Human
Resources of Verizon (or his or her designee)), death, or disability (as defined below) on or before the last day of the Award Cycle. “Disability” shall mean the total and permanent disability of the Participant as defined by, or
determined under, the Company’s long-term disability benefit plan. 
 (2) If the Participant separates from employment prior to the end
of the Award Cycle under circumstances described in paragraph 7(b)(1), the Participant’s then-unvested PSUs shall be subject to the vesting provisions set forth in paragraph 5(a), except that the three-year continuous employment requirement set
forth in paragraph 5(c) shall not apply, provided that the Participant has not and does not commit a material breach of any of the Participant’s Obligations and provided that the Participant executes a release satisfactory to the Company
waiving any claims he may have against the Company. 
 (3) Any PSUs that vest pursuant to paragraph 7(b)(2) shall be payable as soon as
practicable after the end of the Award Cycle (but in no event later than March 15, 2010), except as described in paragraph 7(c). However, the Committee retains the discretion to determine whether and the extent to which the Participant is
eligible to receive DEUs with respect to dividends declared after the Participant’s separation from employment pursuant to paragraph 7(b)(1). 
  

 (4) For purposes of this Agreement, “Retire” means (i) to retire after having attained at
least 15 years of Net Credited Service (as defined under the Verizon Management Pension Plan) and a combination of age and years of Net Credited Service that equals or exceeds 75 points, or (ii) retirement under any other circumstances
determined in writing by the Executive Vice President – Human Resources of Verizon (or his or her designee), provided that, in the case of either (i) or (ii), the retirement was not occasioned by a discharge for Cause. 
 (c) Change in Control. Upon the occurrence of a Change in Control of Verizon (as defined in the Plan) on or before the last day of the Award Cycle,
all then-unvested PSUs shall vest and be payable immediately (without prorating of the award) at 50% of the maximum award payout without regard to the performance requirement in paragraph 5(b) or the three-year continuous employment requirement in
paragraph 5(c). A Change in Control that occurs after the end of the Award Cycle shall have no effect on whether any PSUs vest or become payable. A Participant who receives the immediate award payment provided in this paragraph 7(c) shall be
entitled to receive payment for all DEUs earned before the Change in Control, even if such DEUs are paid or payable after the Change in Control. 
 (d) Vesting Schedule. Except and to the extent provided in paragraphs 7(b) and (c), nothing in this paragraph 7 shall alter the vesting schedule prescribed by paragraph 5. 
 8. Shareholder Rights. The Participant shall have no rights as a shareholder with respect to shares of common stock to which this grant relates. Except as
provided in the Plan or in this Agreement, no adjustment shall be made, for dividends or other rights for which the record date occurs while the PSUs are outstanding. 
 9. Amendment of Agreement. Except to the extent required by law or specifically contemplated under this Agreement, neither the Committee nor the Executive Vice President – Human Resources of Verizon (or
his or her designee) may, without the written consent of the Participant, change any term, condition or provision affecting the PSUs if the change would materially and adversely affect the PSUs or the Participant’s legitimate rights thereto.
Nothing in the preceding sentence shall preclude the Committee or the Executive Vice President – Human Resources of Verizon (or his or her designee) from exercising reasonable administrative discretion with respect to the Plan or this
Agreement, and the exercise of such discretion shall be final, conclusive and binding. This discretion includes, but is not limited to, corrections of any administrative errors, the determination of the total percentage of PSUs that become payable,
and whether the Participant has been discharged for Cause, has a disability, has Retired, has breached any of the Participant’s Obligations set forth in Exhibit A or has satisfied the three-year continuous employment requirement. 
 10. Assignment. The PSUs shall not be assigned, pledged or transferred except by will or by the laws of descent and distribution. During the Participant’s
lifetime, the PSUs may be deferred only by the Participant or by the Participant’s guardian or legal representative in accordance with the deferral regulations, if any, established by the Company. 
 11. Beneficiary. The Participant shall designate a beneficiary in writing and in such manner as is acceptable to the Executive Vice President – Human
Resources of Verizon (or his or her designee). If the Participant fails to so designate a beneficiary, or if no such designated beneficiary survives the Participant, the Participant’s beneficiary shall be the Participant’s estate.

 12. Other Plans and Agreements. Any payment received (or deferred) by the Participant pursuant to this Agreement shall not be taken into account as
compensation in the determination of the Participant’s benefits under any pension, savings, group insurance, severance or other benefit plan maintained by 

 
Verizon or a Related Company. The Participant acknowledges that receipt of this Agreement or any prior PSU agreement shall not entitle the Participant to any
other benefits under the Plan or any other plans maintained by the Company or Related Company. 
 13. Company and Related Company. For purposes of
this Agreement, “Company” means Verizon Communications Inc. “Related Company” means (a) any corporation, partnership, joint venture, or other entity in which Verizon Communications Inc. holds a direct or indirect ownership
or proprietary interest of 50 percent or more, or (b) any corporation, partnership, joint venture, or other entity in which Verizon Communications Inc. holds an ownership or other proprietary interest of less than 50 percent but which, in the
discretion of the Committee, is treated as a Related Company for purposes of this Agreement. 
 14. Employment Status. The grant of the PSUs shall not
be deemed to constitute a contract of employment for a particular term between the Company or a Related Company and the Participant, nor shall it constitute a right to remain in the employ of any such Company or Related Company. 
 15. Withholding. The Participant shall be responsible for any taxes that arise in connection with this grant of PSUs, and the Company shall make such arrangements
as it deems necessary for withholding of any taxes it determines are required to be withheld pursuant to any applicable law or regulation. 
 16.
Securities Laws. The Company shall not be required to make payment with respect to any shares of common stock prior to the admission of such shares to listing on any stock exchange on which the stock may then be listed and the completion of any
registration or qualification of such shares under any federal or state law or rulings or regulations of any government body that the Company, in its discretion, determines to be necessary or advisable. 
 17. Committee Authority. The Committee shall have complete discretion in the exercise of its rights, powers, and duties under this Agreement. Any interpretation
or construction of any provision of, and the determination of any question arising under, this Agreement shall be made by the Committee in its discretion, as outlined in paragraph 9. The Committee may designate any individual or individuals to
perform any of its functions hereunder. 
 18. Successors. This Agreement shall be binding upon, and inure to the benefit of, any successor or
successors of the Company and the person or entity to whom the PSUs may have been transferred by will, the laws of descent and distribution, or beneficiary designation. All terms and conditions of this Agreement imposed upon the Participant shall,
unless the context clearly indicates otherwise, be deemed, in the event of the Participant’s death, to refer to and be binding upon the Participant’s heirs and beneficiaries. 
 19. Construction. This Agreement is intended to grant the PSUs upon the terms and conditions authorized by the Plan. Any provisions of this Agreement that cannot be so administered, interpreted, or construed
shall be disregarded. In the event that any provision of this Agreement is held invalid or unenforceable, such provision shall be considered separate and apart from the remainder of this Agreement, which shall remain in full force and effect. In the
event that any provision, including any of the Participant’s Obligations, is held to be unenforceable for being unduly broad as written, such provision shall be deemed amended to narrow its application to the extent necessary to make the
provision enforceable according to applicable law and shall be enforced as amended. 
 20. Defined Terms. Except where the context clearly indicates
otherwise, all capitalized terms used herein shall have the definitions ascribed to them by the Plan, and the terms of the Plan shall apply where appropriate. 
  

 21. Execution of Agreement. The Participant shall indicate consent to the terms of this Agreement (including the
Participant’s Obligations in Exhibit A) and the Plan by executing this Agreement pursuant to the instructions provided and otherwise shall comply with the requirements of paragraph 3. In addition, by consenting to the terms of this Agreement
and the Participant’s Obligations, the Participant expressly agrees and acknowledges that Fidelity will deliver all statements associated with the Long-Term Incentive Plan to the Participant in electronic form. The Participant and Verizon
hereby expressly agree that the use of electronic media to indicate confirmation, consent, signature, acceptance, agreement and delivery shall be legally valid and have the same legal force and effect as if the Participant and Verizon executed this
Agreement (including Exhibit A) in paper form. 
 22. Confidentiality. Except to the extent otherwise required by law, the Participant shall not
disclose, in whole or in part, any of the terms of this Agreement. This paragraph 22 does not prevent the Participant from disclosing the terms of this Agreement to the Participant’s spouse or beneficiary or to the Participant’s legal,
tax, or financial adviser, provided that the Participant take all reasonable measures to assure that the individual to whom disclosure is made does not disclose the terms of this Agreement to a third party except as otherwise required by law.

 23. Applicable Law. The validity, construction, interpretation and effect of 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. 
 24. Notice. Any notice to the Company
provided for in this Agreement shall be addressed to the Company in care of the Executive Vice President – Human Resources of Verizon at One Verizon Way, Basking Ridge, NJ, 07920-1097 and any notice to the Participant shall be addressed to the
Participant at the current address shown on the payroll of the Company, or to such other address as the Participant may designate to the Company in writing. Any notice shall be delivered by hand, sent by telecopy or enclosed in a properly sealed
envelope as stated above, registered and deposited, postage prepaid, in a post office regularly maintained by the United States Postal Service. 
 25.
Dispute Resolution. 
 (a) General. Except as otherwise provided in paragraph 26 below, all disputes arising under the Plan or this
Agreement and all claims in which a Participant seeks damages that relate in any way to PSUs or other benefits of the Plan are subject to the dispute resolution procedure described below in this paragraph 25. Notwithstanding the foregoing in this
Section 25(a), the parties to this Agreement are not required to arbitrate Employment Claims, as defined in subsection (a)(ii) below, in which the Participant does not seek damages that relate in any way to PSUs or other benefits of the Plan or
this Agreement. 
 (i) For purposes of this Agreement, the term “Units Award Dispute” shall mean any claim against the Company or a
Related Company regarding (A) the interpretation of the Plan or this Agreement, (B) any of the terms or conditions of the PSUs issued under this Agreement, or (C) allegations of entitlement to PSUs or additional PSUs, or any other
benefits under the Plan, other than Employment Claims described in subsection (a)(ii) below; provided, however, that any dispute relating to the forfeiture of an award as a result of a breach of any of the Participant’s Obligations contained in
Exhibit A shall not be subject to the dispute resolution procedures provided for in this paragraph 25. 
 (ii) For purposes of this
Agreement, the term “Units Damages Dispute” shall mean any employment related claims between the Participant and the Company or a Related Company or against the directors, officers, employees, representatives, or agents of the 

 
Company or a Related Company, including claims of alleged employment discrimination, wrongful termination, or violations of Title VII of the Civil Rights Act
of 1964, the Americans with Disabilities Act, the Age Discrimination in Employment Act, 42 U.S.C. § 1981, the Fair Labor Standards Act, the Family Medical Leave Act, the Sarbanes-Oxley Act, or any other U.S. federal, state or local law,
statute, regulation, or ordinance relating to employment or any common law theories of recovery relating to employment, such as breach of contract, tort, or public policy claims (“Employment Claims”), in which the damages sought do not
relate in any way to PSUs or other benefits of the Plan. 
 (b) Internal Dispute Resolution Procedure. All Units Award Disputes shall
be referred in the first instance to the Verizon Employee Benefits Committee (“EB Committee”) for resolution internally within Verizon. Except where otherwise prohibited by law, all Units Award Disputes must be filed in writing with the EB
Committee no later than one year from the date that the dispute accrues. Consistent with paragraph 25(c)(i) of this Agreement, decisions about the enforceability of the limitations period contained herein are for the arbitrator to decide. To the
fullest extent permitted by law, the EB Committee shall have full power, discretion, and authority to interpret the Plan and this Agreement and to decide all Units Award Disputes brought under this Plan and Agreement before them. Determinations made
by the EB Committee shall be final, conclusive and binding, subject only to review by arbitration pursuant to subsection (c) below under the arbitrary and capricious standard of review. 
 (c) Arbitration. All appeals from determinations of a Units Award Dispute by the EB Committee as described in subsection (b) above, and any
Units Damages Dispute, shall be fully and finally settled by arbitration administered by the American Arbitration Association (“AAA”) on an individual basis (and not on a collective or class action basis) before a single arbitrator
pursuant to the AAA’s Commercial Arbitration Rules in effect at the time any such arbitration is initiated. Any such arbitration must be initiated in writing pursuant to the aforesaid rules of the AAA no later than one year from the date that
the claim accrues. Decisions about the applicability of the limitations period contained herein are for the arbitrator to decide. A copy of the AAA’s Commercial Arbitration Rules may be obtained from Human Resources. The Participant agrees that
the arbitration shall be held at the office of the AAA nearest the place of the Participant’s most recent employment by the Company or a Related Company, unless the parties agree to a different location. All claims by the Company or a Related
Company against the Participant, except for breaches of any of the Participant’s Obligations contained in Exhibit A hereto, shall also be raised in such arbitration proceedings. 
 (i) The arbitrator shall have the authority to determine whether this arbitration agreement is enforceable and whether any dispute submitted for
arbitration hereunder is arbitrable. The arbitrator shall decide all issues submitted for arbitration according to the terms of the Plan, this Agreement, existing Company policy, and applicable substantive New York State and U.S. federal law and
shall have the authority to award any remedy or relief permitted by such laws. The final decision of the EB Committee with respect to a Units Award Dispute shall be upheld unless such decision was arbitrary or capricious. The decision of the
arbitrator shall be final and binding and enforceable in any applicable court. 
 (ii) The Participant understands and agrees that,
pursuant to this Agreement, both the Participant and the Company or a Related Company waive any right to sue each other in a court of law or equity, to have a trial by jury, or to resolve disputes on a collective, or class, basis, and that the sole
forum available for the resolution of Units Award Disputes and Units Damages Disputes is arbitration as provided 

 
herein. This dispute resolution procedure shall not prevent either the Participant or the Company or a Related Company from commencing an action in any
court of competent jurisdiction for the purpose of obtaining injunctive relief to prevent irreparable harm pending arbitration hereunder; in such event, both the Participant and the Company or a Related Company agree that the party who commences the
action may proceed without necessity of posting a bond. 
 (iii) In consideration of the Participant’s agreement in subsection
(ii) above, the Company or a Related Company will pay all filing, administrative and arbitrator’s fees incurred in connection with the arbitration proceedings. If the AAA requires the Participant to pay the initial filing fee, the Company
or a Related Company will reimburse the Participant for that fee. 
 (iv) The parties intend that the arbitration procedure to which they
hereby agree shall be the exclusive means for resolving all Units Award Disputes (subject to the mandatory EB Committee procedure provided for in Paragraph 25(b) above) and Units Damages Disputes. Their agreement in this regard shall be interpreted
as broadly and inclusively as reason permits to realize that intent. 
 (v) Notwithstanding any other provision of this Agreement, any
dispute arising under this Agreement or subject to this dispute resolution provision 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.

 26. Additional Remedies. Notwithstanding the dispute resolution procedures, including arbitration, of paragraph 25 of this Agreement, and in
addition to any other rights or remedies, whether legal, equitable, or otherwise, that each of the parties to this Agreement may have (including the right of the Company to terminate the Participant for Cause), the Participant acknowledges
that— 
 (a) The Participant’s Obligations in Exhibit A to this Agreement are essential to the continued goodwill and profitability
of the Company; 
 (b) The Participant has broad-based skills that will serve as the basis for employment opportunities that are not
prohibited by the Participant’s Obligations in Exhibit A; 
 (c) When the Participant’s employment with the Company terminates, the
Participant shall be able to earn a livelihood without violating any of the Participant’s Obligations in Exhibit A; 
 (d) Irreparable
damage to the Company shall result in the event that the Participant’s Obligations in Exhibit A are not specifically enforced and that monetary damages will not adequately protect the Company from a breach of these Participant’s
Obligations; 
 (e) If any dispute arises concerning the violation or anticipated or threatened violation by the Participant of any of the
Participant’s Obligations in Exhibit A, an injunction may be issued restraining such violation pending the determination of such controversy, and no bond or other security shall be required in connection therewith; 
 (f) The Participant’s Obligations in Exhibit A shall continue to apply after any expiration, termination, or cancellation of this Agreement;

  

 (g) The Participant’s breach of any of the Participant’s Obligations in Exhibit A shall result
in the Participant’s immediate forfeiture of all rights and benefits, including all PSUs and DEUs, under this Agreement; and 
 (h) All
disputes relating to the Participant’s Obligations in Exhibit A, including their interpretation and enforceability and any damages (including but not limited to damages resulting in the forfeiture of an award under this Agreement) that may
result from the breach of such Participant’s Obligations shall not be subject to the dispute resolution procedures, including arbitration, of paragraph 25 of this Agreement, but shall instead be determined in a court of competent jurisdiction.

  

	
	 Exhibit A - Participant’s
Obligations
  

 1. Noncompetition — In consideration for the benefits described in the Agreement to which this Exhibit
A is attached and other good and valuable consideration, you, the Participant, agree that: 
 (a) Prohibited Conduct — During the
period of your employment with the Company or any Related Company, and for the period ending twelve (12) months following a termination of your employment for any reason with the Company or any Related Company, you shall not, without the prior
written consent of the Executive Vice President – Human Resources of Verizon (or his or her designee): 
 (1) personally engage in
Competitive Activities (as defined below); or 
 (2) work for, own, manage, operate, control, or participate in the ownership, management,
operation, or control of, or provide consulting or advisory services to, any person, partnership, firm, corporation, institution or other entity engaged in Competitive Activities, or any company or person affiliated with such person or entity
engaged in Competitive Activities; provided that your purchase or holding, for investment purposes, of securities of a publicly traded company shall not constitute “ownership” or “participation in the ownership” for purposes of
this paragraph so long as your equity interest in any such company is less than a controlling interest; 
 provided that this paragraph
(a) shall not prohibit you from (i) being employed by, or providing services to, a consulting firm, provided that you do not personally engage in Competitive Activities or provide consulting or advisory services to any individual,
partnership, firm, corporation, institution or other entity engaged in Competitive Activities, or any person or entity affiliated with such individual, partnership, firm, corporation, institution or other entity engaged in Competitive Activities, or
(ii) engaging in the practice of law as an in-house counsel, sole practitioner or as a partner in (or as an employee of or counsel to) a corporation or law firm in accordance with applicable legal and professional standards. This exception,
however, does not apply to any Participant that may be engaging in Competitive Activities or providing services to any individual, partnership, firm, corporation, institution or other entity engaged in Competitive Activities, wherein such employment
or services being provided are not the practice of law. 
 (b) Competitive Activities — For purposes of the Agreement, to which
this Exhibit A is attached, “Competitive Activities” means activities relating to products or services of the same or similar type as the products or services (1) which were or are sold (or, pursuant to an existing business plan, will
be sold) to paying customers of the Company or any Related Company, and (2) for which you have responsibility to plan, develop, manage, market, oversee or perform, or had any such responsibility within your most recent 24 months of employment
with the Company or any Related Company. Notwithstanding the previous sentence, an activity shall not be treated as a Competitive Activity if the geographic marketing area of the relevant products or services does not overlap with the geographic
marketing area for the applicable products and services of the Company or any Related Company. 
 2. Interference With Business Relations —
During the period of your employment with the Company or any Related Company, and for a period ending twelve (12) months following a termination of your employment for any reason with the Company or any Related Company, you shall not, without
the written consent of the Executive Vice President – Human Resources of Verizon (or his or her designee): 
 (a) recruit, induce
or solicit any employee, directly or indirectly, of the Company or Related Company for employment or for retention as a consultant or service provider; 
  

 (b) hire or participate (with another person or entity) in the process of hiring (other than for
the Company or any Related Company) any person who is then an employee of the Company or any Related Company, or provide names or other information about any employees of the Company or Related Company to any person or entity (other than the Company
or any Related Company), directly or indirectly, under circumstances that could lead to the use of any such information for purposes of recruiting, soliciting or hiring; 
 (c) interfere, directly or indirectly, with the relationship of the Company or any Related Company with any of its employees, agents, or representatives; 
 (d) solicit or induce, or in any manner attempt to solicit or induce, directly or indirectly, any client, customer, or prospect of the Company or
any Related Company (1) to cease being, or not to become, a customer of the Company or any Related Company or (2) to divert any business of such customer or prospect from the Company or any Related Company; or 
 (e) otherwise interfere with, disrupt, or attempt to interfere with or disrupt, the relationship, contractual or otherwise, between the Company or
any Related Company and any of its customers, clients, prospects, suppliers, consultants, employees, agents, or representatives. 
 3. Effect of a
Material Restatement of Financial Results — Notwithstanding anything in this Agreement to the contrary, you agree that, with respect to all PSUs granted to you on or after January 1, 2007 and all short-term incentive awards made to you
on or after January 1, 2007, to the extent the Company is required to materially restate any financial results based upon your willful misconduct or gross negligence while employed by the Company or any Related Company (and where such
restatement would have resulted in a lower payment being made to you), you will be required to repay all previously paid or deferred (i) PSUs and (ii) short-term incentive awards that were provided to you during the performance periods
that are the subject of the restated financial results, plus a reasonable rate of interest. For purposes of this section, “willful misconduct” and “gross negligence” shall be as determined by the Committee. The Audit Committee of
the Verizon Board of Directors shall determine whether a material restatement of financial results has occurred. If you do not repay the entire amount required under this section, the Company may, to the extent permitted by governing law, offset
your obligation to repay against any source of income available to it, including but not limited to any money you may have in your nonqualified deferral accounts. 
 4. Return Of Company Property; Intellectual Property Rights — You agree that on or before termination of your employment for any reason with the Company or any Related Company, you shall return to the Company all property owned
by the Company or any Related Company or in which the Company or any Related Company has an interest, including files, documents, data and records (whether on paper or in tapes, disks, or other machine-readable form), office equipment, credit cards,
and employee identification cards. You acknowledge that the Company (or, as applicable, a Related Company) is the rightful owner of, and you hereby do assign, all right, title and interest in and to any programs, ideas, inventions, discoveries,
works of authorship, data, information, patentable or copyrighted material, or trademarks that you may have originated or developed, or assisted in originating or developing, during your period of employment with the Company or a Related Company,
where any such origination or development involved the use of Company or Related Company time, information or resources, was made in the exercise of your responsibilities for or on behalf of the Company or a Related Company or was related to the
Company’s or a Related Company’s business or to the Company’s or a Related Company’s actual or demonstrably anticipated research or development. You shall at all times, both before and after 

 
termination of your employment, cooperate with the Company (or, as applicable, any Related Company) in executing and delivering documents requested by the
Company or a Related Company, and taking any other actions, that are necessary or requested by the Company or a Related Company to assist the Company or any Related Company in patenting, copyrighting, protecting, enforcing or registering any
programs, ideas, inventions, discoveries, works of authorship, data, information, patentable or copyrighted material, or trademarks, and to vest title thereto solely in the Company (or, as applicable, a Related Company). 
 5. Proprietary And Confidential Information — You shall at all times, including after any termination of your employment with the Company or any Related
Company, preserve the confidentiality of all Proprietary Information (defined below) and trade secrets of the Company or any Related Company, and you shall not use for the benefit of any person, other than the Company or a Related Company, or
disclose to any person, except and to the extent that disclosure of such information is legally required, any Proprietary Information or trade secrets of the Company or any Related Company. “Proprietary Information” means any information
or data related to the Company or any Related Company, including information entrusted to the Company or a Related Company by others, which has not been fully disclosed to the public by the Company or a Related Company and which is treated as
confidential or protected within the Company or any Related Company or is of value to competitors, such as strategic or tactical business plans; undisclosed business, operational or financial data; ideas, processes, methods, techniques, systems,
models, devices, programs, computer software, or related information; documents relating to regulatory matters or correspondence with governmental entities; undisclosed information concerning any past, pending, or threatened legal dispute; pricing
or cost data; the identity, reports or analyses of business prospects; business transactions that are contemplated or planned; research data; personnel information or data; identities of users or purchasers of the Company’s or Related
Company’s products or services; the Agreement to which this Exhibit A is attached; and other non-public information pertaining to or known by the Company or a Related Company, including confidential or non-public information of a third party
that you know or should know the Company or a Related Company is obligated to protect. 
 6. Definitions — Except where clearly provided to the
contrary, all capitalized terms used in this Exhibit A shall have the definitions given to those terms in the Agreement to which this Exhibit A is attached. 
 7. Agreement to Participant’s Obligations. You shall indicate your agreement to these Participant’s Obligations in accordance with the instructions provided in the Agreement, and your acceptance of the Agreement shall
include your acceptance of these Participant’s Obligations. You and Verizon hereby expressly agree that the use of electronic media to indicate confirmation, consent, signature, acceptance, agreement and delivery shall be legally valid and have
the same legal force and effect as if you and Verizon executed these Participant’s Obligations in paper form.Special Restricted Stock Unit Agreement

 Exhibit 10c 
 VERIZON COMMUNICATIONS INC. LONG-TERM INCENTIVE PLAN 
 SPECIAL RESTRICTED STOCK UNIT AGREEMENT

 AGREEMENT between Verizon Communications Inc. (“Verizon” or the “Company”) and you (the “Participant”) and your heirs
and beneficiaries. 
 1. Purpose of Agreement. The purpose of this Agreement is to provide a special grant of restricted stock units
(“RSUs”) to the Participant. 
 2. Agreement. This Agreement is entered into pursuant to the 2001 Verizon Communications Inc. Long-Term
Incentive Plan (the “Plan”), and evidences the grant of a restricted stock award in the form of RSUs pursuant to the Plan. The participant’s obligations and restrictions set forth in Exhibit A to this Agreement (the
“Participant’s Obligations”) are incorporated into and are a part of the Agreement. The RSUs and this Agreement are subject to the terms and provisions of the Plan. By executing this Agreement, the Participant agrees to be bound by
the terms and provisions of the Plan and this Agreement. In addition, the Participant agrees to be bound by the actions of the Human Resources Committee of Verizon Communication’s Board of Directors or any successor thereto (the
“Committee”), and any designee of the Committee (to the extent that such actions are exercised in accordance with the terms of the Plan and this Agreement). If there is a conflict between the terms of the Plan and the terms of this
Agreement, the terms of this Agreement shall control. 
 3. Contingency. The grant of RSUs is contingent on the Participant’s timely acceptance
of this Agreement and satisfaction of the other conditions contained in it. If the Participant does not accept this Agreement by the close of business on April 30, 2007, the Participant shall not be entitled to the RSUs regardless of the extent
to which the vesting requirements in paragraph 5 (“Vesting”) are satisfied. 
 4. Number of Units. The Participant is granted the number of
RSUs as specified in their account under the 2007 Special RSU grant, administered by Fidelity Investments or any successor thereto (“Fidelity”). A RSU is a hypothetical share of Verizon’s common stock. The value of a RSU on any given
date shall be equal to the closing price of Verizon’s common stock on the New York Stock Exchange as of such date. A RSU does not represent an equity interest in Verizon and carries no voting rights. A Dividend Equivalent Unit (“DEU”)
or fraction thereof shall be added to each RSU each time that a dividend is paid on Verizon’s common stock. The amount of each DEU shall be equal to the dividend paid on a share of Verizon’s common stock. The DEU shall be converted into
RSUs or fractions thereof based upon the closing price of Verizon’s common stock traded on the New York Stock Exchange on the dividend payment date of each declared dividend on Verizon’s common stock, and such RSUs or fractions thereof
shall be added to the Participant’s RSU balance. To the extent that Fidelity or the Company makes an administrative error with respect to the number or value of the RSUs granted to the Participant under this Agreement or the DEUs credited to
your account, the Company or Fidelity specifically reserves the right to correct such error at any time and the Participant agrees that he or she shall be legally bound by any corrective action taken by the Company or the Plan Administrator.

 5. Vesting. 
 (a) General. The
Participant shall vest in the RSUs only if the Participant is continuously employed by the Company or a Related Company (as defined in paragraph 13) from the date the RSUs are granted through the end of the Award Cycle, except as otherwise provided
in paragraph 7 (“Early Cancellation/Accelerated Vesting of RSUs”) or as otherwise provided by the Committee. For purposes of these RSUs, “Award Cycle” shall mean the two-year period beginning on February 1, 2007, and ending
at the close of business on January 31, 2009. 
  

 (b) Transfer. Transfer of employment from Verizon to a Related Company (as defined in paragraph
13), from a Related Company to Verizon, or from one Related Company to another Related Company shall not constitute a separation from employment hereunder, and service with a Related Company shall be treated as service with the Company for purposes
of the two-year continuous employment requirement in paragraph 5(a). 
 6. Payment. All payments under this Agreement shall be made in cash. As soon
as practicable after the end of the Award Cycle (but in no event later than April 15, 2009), except as described in paragraph 7(c), the value of the vested RSUs (minus any withholding for taxes) shall be paid to the Participant. The amount of
cash that shall be paid (plus withholding for taxes and any applicable deferral election) shall equal the number of vested RSUs times the closing price of Verizon’s common stock on the New York Stock Exchange as of the last trading day
in the Award Cycle (or the closing price on the effective date of the Change in Control, in the case of a payment made under paragraph 7(c)). If the Participant dies before any payment due hereunder is made, such payment shall be made to the
Participant’s beneficiary, as designated under paragraph 11. Once a payment has been made with respect to a RSU, the RSU shall be canceled. 
 7.
Early Cancellation/Accelerated Vesting of RSUs. Subject to the provisions of paragraph 7(c) and 5, RSUs may vest or be forfeited before vesting as follows: 
 (a) Voluntary Separation (Including Retirement) On or Before January 31, 2009 or Discharge for Cause On or Before December 31, 2009. 
 (1) If the Participant (i) voluntarily quits or Retires (as defined in paragraph 7(b)(4)) on or before January 31, 2009, (ii) is terminated
for Cause (as defined below) on or before January 31, 2009, or (iii) separates from employment on or before January 31, 2009 under circumstances not described in paragraph 7(b), all then-unvested RSUs shall be canceled immediately and
shall not be payable. 
 (2) For purposes of this Agreement, “Cause” means (i) grossly incompetent performance or substantial
or continuing inattention to or neglect of the duties and responsibilities assigned to the Participant; fraud, misappropriation or embezzlement involving the Company; or a material breach of the Verizon Code of Business Conduct or any of the
Participant’s Obligations set forth in Exhibit A to this Agreement, all as determined by the Executive Vice President – Human Resources of Verizon (or his or her designee) in his or her discretion, or (ii) commission of any felony of
which the Participant is finally adjudged guilty by a court of competent jurisdiction. 
 (b) Involuntary Termination Without Cause On or
Before January 31, 2009 or Termination Due to Death or Disability On or Before January 31, 2009. 
 (1) This paragraph 7(b)
shall apply if the Participant separates from employment by reason of an involuntary termination without Cause (as determined by the Executive Vice President – Human Resources of Verizon (or his or her designee)), death, or disability (as
defined below) on or before January 31, 2009. “Disability” shall mean the total and permanent disability of the Participant as defined by, or determined under, the Company’s long-term disability benefit plan. 
 (2) If the Participant separates from employment prior to the end of the Award Cycle under circumstances described in paragraph 7(b)(1), the
Participant’s then-unvested RSUs shall vest without regard to the two-year continuous employment requirement set forth in paragraph 5(a), provided that the Participant has not and does not commit a material breach of any of the
Participant’s Obligations and provided that the Participant executes a release satisfactory to the Company waiving any claims he may have against the Company. 
  

 (3) Any RSUs that vest pursuant to paragraph 7(b)(2) shall be payable as soon as practicable after the
end of the Award Cycle (but in no event later than April 15, 2009), except as described in paragraph 7(c). However, the Committee retains the discretion to determine whether and the extent to which the Participant is eligible to receive DEUs
with respect to dividends declared after the Participant’s separation from employment pursuant to paragraph 7(b)(1). 
 (4) For purposes
of this Agreement, “Retire” means (i) to retire after having attained at least 15 years of Net Credited Service (as defined under the Verizon Management Pension Plan) and a combination of age and years of Net Credited Service that
equals or exceeds 75 points, or (ii) retirement under any other circumstances determined in writing by the Executive Vice President – Human Resources of Verizon (or his or her designee), provided that, in the case of either (i) or
(ii), the retirement was not occasioned by a discharge for Cause. 
 (c) Change in Control. Upon the occurrence of a Change in Control
of Verizon (as defined in the Plan) on or before the last day of the Award Cycle, all then-unvested RSUs shall vest and be payable immediately (without prorating of the award) without regard to the two-year continuous employment requirement in
paragraph 5(a). A Change in Control that occurs after the end of the Award Cycle shall have no effect on whether any RSUs vest or become payable. A Participant who receives the immediate award payment provided in this paragraph 7(c) shall be
entitled to receive payment for all DEUs earned before the Change in Control, even if such DEUs are paid or payable after the Change in Control. 
 (d) Vesting Schedule. Except and to the extent provided in paragraphs 7(b) and (c), nothing in this paragraph 7 shall alter the vesting schedule prescribed by paragraph 5. 
 8. Shareholder Rights. The Participant shall have no rights as a shareholder with respect to shares of common stock to which this grant relates. Except as
provided in the Plan or in this Agreement, no adjustment shall be made, for dividends or other rights for which the record date occurs while the RSUs are outstanding. 
 9. Amendment of Agreement. Except to the extent required by law or specifically contemplated under this Agreement, neither the Committee nor the Executive Vice President – Human Resources of Verizon (or
his or her designee) may, without the written consent of the Participant, change any term, condition or provision affecting the RSUs if the change would materially and adversely affect the RSUs or the Participant’s legitimate rights thereto.
Nothing in the preceding sentence shall preclude the Committee or the Executive Vice President – Human Resources of Verizon (or his or her designee) from exercising reasonable administrative discretion with respect to the Plan or this
Agreement, and the exercise of such discretion shall be final, conclusive and binding. This discretion includes, but is not limited to, corrections of any administrative errors and whether the Participant has been discharged for Cause, has a
disability, has Retired, has breached any of the Participant’s Obligations set forth in Exhibit A or has satisfied the two-year continuous employment requirement. 
 10. Assignment. The RSUs shall not be assigned, pledged or transferred except by will or by the laws of descent and distribution. 
 11. Beneficiary. The Participant shall designate a beneficiary in writing and in such manner as is acceptable to the Executive Vice President – Human Resources of Verizon (or his or her designee). If the
Participant fails to so designate a beneficiary, or if no such designated beneficiary survives the Participant, the Participant’s beneficiary shall be the Participant’s estate. 
  

 12. Other Plans and Agreements. Any payment received by the Participant pursuant to this Agreement shall not be
taken into account as compensation in the determination of the Participant’s benefits under any pension, savings, group insurance, severance or other benefit plan maintained by Verizon or a Related Company. The Participant acknowledges that
receipt of this Agreement or any prior RSU agreement shall not entitle the Participant to any other benefits under the Plan or any other plans maintained by the Company or a Related Company. 
 13. Company and Related Company. For purposes of this Agreement, “Company” means Verizon Communications Inc. “Related Company” means
(a) any corporation, partnership, joint venture, or other entity in which Verizon Communications Inc. holds a direct or indirect ownership or proprietary interest of 50 percent or more, or (b) any corporation, partnership, joint venture,
or other entity in which Verizon Communications Inc. holds an ownership or other proprietary interest of less than 50 percent but which, in the discretion of the Committee, is treated as a Related Company for purposes of this Agreement. 

14. Employment Status. The grant of the RSUs shall not be deemed to constitute a contract of employment for a particular term between the Company or a Related
Company and the Participant, nor shall it constitute a right to remain in the employ of any such Company or Related Company. 
 15. Withholding. The
Participant shall be responsible for any taxes that arise in connection with this grant of RSUs, and the Company shall make such arrangements as it deems necessary for withholding of any taxes it determines are required to be withheld pursuant to
any applicable law or regulation. 
 16. Securities Laws. The Company shall not be required to make payment with respect to any shares of common stock
prior to the admission of such shares to listing on any stock exchange on which the stock may then be listed and the completion of any registration or qualification of such shares under any federal or state law or rulings or regulations of any
government body that the Company, in its discretion, determines to be necessary or advisable. 
 17. Committee Authority. The Committee shall have
complete discretion in the exercise of its rights, powers, and duties under this Agreement. Any interpretation or construction of any provision of, and the determination of any question arising under, this Agreement shall be made by the Committee in
its discretion, as outlined in paragraph 9. The Committee may designate any individual or individuals to perform any of its functions hereunder. 
 18.
Successors. This Agreement shall be binding upon, and inure to the benefit of, any successor or successors of the Company and the person or entity to whom the RSUs may have been transferred by will, the laws of descent and distribution, or
beneficiary designation. All terms and conditions of this Agreement imposed upon the Participant shall, unless the context clearly indicates otherwise, be deemed, in the event of the Participant’s death, to refer to and be binding upon the
Participant’s heirs and beneficiaries. 
 19. Construction. This Agreement is intended to grant the RSUs upon the terms and conditions authorized
by the Plan. Any provisions of this Agreement that cannot be so administered, interpreted, or construed shall be disregarded. In the event that any provision of this Agreement is held invalid or unenforceable, such provision shall be considered
separate and apart from the remainder of this Agreement, which shall remain in full force and effect. In the event that any provision, including any of the Participant’s Obligations, is held to be unenforceable for being unduly broad as
written, such provision shall be deemed amended to narrow its application to the extent necessary to make the provision enforceable according to applicable law and shall be enforced as amended. 
  

 20. Defined Terms. Except where the context clearly indicates otherwise, all capitalized terms used herein shall
have the definitions ascribed to them by the Plan, and the terms of the Plan shall apply where appropriate. 
 21. Execution of Agreement. The
Participant shall indicate consent to the terms of this Agreement (including the Participant’s Obligations in Exhibit A) and the Plan by executing this Agreement pursuant to the instructions provided and otherwise shall comply with the
requirements of paragraph 3. In addition, by consenting to the terms of this Agreement and the Participant’s Obligations, the Participant expressly agrees and acknowledges that Fidelity will deliver all statements associated with the Long-Term
Incentive Plan to the Participant in electronic form. The Participant and Verizon hereby expressly agree that the use of electronic media to indicate confirmation, consent, signature, acceptance, agreement and delivery shall be legally valid and
have the same legal force and effect as if the Participant and Verizon executed this Agreement (including Exhibit A) in paper form. 
 22.
Confidentiality. Except to the extent otherwise required by law, the Participant shall not disclose, in whole or in part, any of the terms of this Agreement. This paragraph 22 does not prevent the Participant from disclosing the terms of this
Agreement to the Participant’s spouse or beneficiary or to the Participant’s legal, tax, or financial adviser, provided that the Participant take all reasonable measures to assure that the individual to whom disclosure is made does not
disclose the terms of this Agreement to a third party except as otherwise required by law. 
 23. Applicable Law. The validity, construction,
interpretation and effect of 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. 
 24. Notice. Any notice to the Company provided for in this Agreement shall be addressed to the Company in care of the Executive Vice President – Human
Resources of Verizon at One Verizon Way, Basking Ridge, NJ 07920-1097 and any notice to the Participant shall be addressed to the Participant at the current address shown on the payroll of the Company, or to such other address as the Participant may
designate to the Company in writing. Any notice shall be delivered by hand, sent by telecopy or enclosed in a properly sealed envelope as stated above, registered and deposited, postage prepaid, in a post office regularly maintained by the United
States Postal Service. 
 25. Dispute Resolution. 
 (a) General. Except as otherwise provided in paragraph 26 below, all disputes arising under the Plan or this Agreement and all claims in which a Participant seeks damages that relate in any way to RSUs or other benefits of the Plan
are subject to the dispute resolution procedure described below in paragraph 25. Notwithstanding the foregoing in this Section 25(a), the parties to this Agreement are not required to arbitrate Employment Claims, as defined in subsection
(a)(ii) below, in which the Participant does not seek damages that relate in any way to RSUs or other benefits of the Plan or this Agreement. 
 (i) For purposes of this Agreement, the term “Units Award Dispute” shall mean any claim against the Company or a Related Company regarding (A) the interpretation of the Plan or this Agreement, (B) any of the terms or
conditions of the RSUs issued under this Agreement, or (C) allegations of entitlement to RSUs or additional RSUs, or any other benefits under the Plan, other than Employment Claims described in subsection (a)(ii) 

 
below; provided, however, that any dispute relating to the forfeiture of an award as a result of a breach of any of the Participant’s Obligations
contained in Exhibit A shall not be subject to the dispute resolution procedures provided for in this paragraph 25. 
 (ii) For purposes of
this Agreement, the term “Units Damages Dispute” shall mean any employment related claims between the Participant and the Company or a Related Company or against the directors, officers, employees, representatives, or agents of the Company
or a Related Company, including claims of alleged employment discrimination, wrongful termination, or violations of Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Age Discrimination in Employment Act, 42 U.S.C.
§ 1981, the Fair Labor Standards Act, the Family Medical Leave Act, the Sarbanes-Oxley Act, or any other U.S. federal, state or local law, statute, regulation, or ordinance relating to employment or any common law theories of recovery relating
to employment, such as breach of contract, tort, or public policy claims (“Employment Claims”), in which the damages sought do not relate in any way to RSUs or other benefits of the Plan. 
 (b) Internal Dispute Resolution Procedure. All Units Award Disputes shall be referred in the first instance to the Verizon Employee Benefits
Committee (“EB Committee”) for resolution internally within Verizon. Except where otherwise prohibited by law, all Units Award Disputes must be filed in writing with the EB Committee no later than one year from the date that the dispute
accrues. Consistent with paragraph 25(c)(i) of this Agreement, decisions about the enforceability of the limitations period contained herein are for the arbitrator to decide. To the fullest extent permitted by law, the EB Committee shall have full
power, discretion, and authority to interpret the Plan and this Agreement and to decide all Units Award Disputes brought under this Plan and Agreement before them. Determinations made by the EB Committee shall be final, conclusive and binding,
subject only to review by arbitration pursuant to subsection (c) below under the arbitrary and capricious standard of review. 
 (c)
Arbitration. All appeals from determinations of a Units Award Dispute by the EB Committee as described in subsection (b) above, and any Units Damages Dispute, shall be fully and finally settled by arbitration administered by the American
Arbitration Association (“AAA”) on an individual basis (and not on a collective or class action basis) before a single arbitrator pursuant to the AAA’s Commercial Arbitration Rules in effect at the time any such arbitration is
initiated. Any such arbitration must be initiated in writing pursuant to the aforesaid rules of the AAA no later than one year from the date that the claim accrues. Decisions about the applicability of the limitations period contained herein are for
the arbitrator to decide. A copy of the AAA’s Commercial Arbitration Rules may be obtained from Human Resources. The Participant agrees that the arbitration shall be held at the office of the AAA nearest the place of the Participant’s most
recent employment by the Company or a Related Company, unless the parties agree to a different location. All claims by the Company or a Related Company against the Participant, except for breaches of any of the Participant’s Obligations
contained in Exhibit A hereto, shall also be raised in such arbitration proceedings. 
 (i) The arbitrator shall have the authority to
determine whether this arbitration agreement is enforceable and whether any dispute submitted for arbitration hereunder is arbitrable. The arbitrator shall decide all issues submitted for arbitration according to the terms of the Plan, this
Agreement, existing Company policy, and applicable substantive New York State and U.S. federal law and shall have the authority to award any remedy or relief permitted by such laws. The final decision of the EB Committee with respect to a Units
Award Dispute shall be upheld unless such decision was arbitrary or capricious. The decision of the arbitrator shall be final and binding and enforceable in any applicable court. 
  

 (ii) The Participant understands and agrees that, pursuant to this Agreement, both the Participant
and the Company or a Related Company waive any right to sue each other in a court of law or equity, to have a trial by jury, or to resolve disputes on a collective, or class, basis, and that the sole forum available for the resolution of Units Award
Disputes and Units Damages Disputes is arbitration as provided herein. This dispute resolution procedure shall not prevent either the Participant or the Company or a Related Company from commencing an action in any court of competent jurisdiction
for the purpose of obtaining injunctive relief to prevent irreparable harm pending arbitration hereunder; in such event, both the Participant and the Company or a Related Company agree that the party who commences the action may proceed without
necessity of posting a bond. 
 (iii) In consideration of the Participant’s agreement in subsection (ii) above, the Company or
a Related Company will pay all filing, administrative and arbitrator’s fees incurred in connection with the arbitration proceedings. If the AAA requires the Participant to pay the initial filing fee, the Company or a Related Company will
reimburse the Participant for that fee. 
 (iv) The parties intend that the arbitration procedure to which they hereby agree shall be the
exclusive means for resolving all Units Award Disputes (subject to the mandatory EB Committee procedure provided for in Paragraph 25(b) above) and Units Damages Disputes. Their agreement in this regard shall be interpreted as broadly and inclusively
as reason permits to realize that intent. 
 (v) Notwithstanding any other provision of this Agreement, any dispute arising under this
Agreement or subject to this dispute resolution provision 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. 
 26. Additional Remedies. Notwithstanding the dispute resolution procedures, including arbitration, of paragraph 25 of this Agreement, and in addition to any other
rights or remedies, whether legal, equitable, or otherwise, that each of the parties to this Agreement may have (including the right of the Company to terminate the Participant for Cause), the Participant acknowledges that— 
 (a) The Participant’s Obligations in Exhibit A to this Agreement are essential to the continued goodwill and profitability of the Company;

 (b) The Participant has broad-based skills that will serve as the basis for employment opportunities that are not prohibited by the
Participant’s Obligations in Exhibit A; 
 (c) When the Participant’s employment with the Company terminates, the Participant shall
be able to earn a livelihood without violating any of the Participant’s Obligations in Exhibit A; 
 (d) Irreparable damage to the
Company shall result in the event that the Participant’s Obligations in Exhibit A are not specifically enforced and that monetary damages will not adequately protect the Company from a breach of these Participant’s Obligations; 

 

 (e) If any dispute arises concerning the violation or anticipated or threatened violation by the
Participant of any of the Participant’s Obligations in Exhibit A, an injunction may be issued restraining such violation pending the determination of such controversy, and no bond or other security shall be required in connection therewith;

 (f) The Participant’s Obligations in Exhibit A shall continue to apply after any expiration, termination, or cancellation of this
Agreement; 
 (g) The Participant’s breach of any of the Participant’s Obligations in Exhibit A shall result in the
Participant’s immediate forfeiture of all rights and benefits, including all RSUs and DEUs, under this Agreement; and 
 (h) All disputes
relating to the Participant’s Obligations in Exhibit A, including their interpretation and enforceability and any damages (including but not limited to damages resulting in the forfeiture of an award under this Agreement) that may result from
the breach of such Participant’s Obligations, shall not be subject to the dispute resolution procedures, including arbitration, of paragraph 25 of this Agreement, but shall instead be determined in a court of competent jurisdiction. 

 

 Exhibit A – Participant’s Obligations 
 1. Noncompetition — In consideration for the benefits described in the Agreement to which this Exhibit A is attached and other good and valuable consideration, you, the Participant, agree that: 

(a) Prohibited Conduct — During the period of your employment with the Company or any Related Company, and for the period ending twelve
(12) months following a termination of your employment for any reason with the Company or any Related Company, you shall not, without the prior written consent of the Executive Vice President – Human Resources of Verizon (or his or her
designee): 
 (1) personally engage in Competitive Activities (as defined below); or 
 (2) work for, own, manage, operate, control, or participate in the ownership, management, operation, or control of, or provide consulting or advisory
services to, any person, partnership, firm, corporation, institution or other entity engaged in Competitive Activities, or any company or person affiliated with such person or entity engaged in Competitive Activities; provided that your purchase or
holding, for investment purposes, of securities of a publicly traded company shall not constitute “ownership” or “participation in the ownership” for purposes of this paragraph so long as your equity interest in any such company
is less than a controlling interest; 
 provided that this paragraph (a) shall not prohibit you from (i) being employed by, or
providing services to, a consulting firm, provided that you do not personally engage in Competitive Activities or provide consulting or advisory services to any individual, partnership, firm, corporation, institution or other entity engaged in
Competitive Activities, or any person or entity affiliated with such individual, partnership, firm, corporation, institution or other entity engaged in Competitive Activities, or (ii) engaging in the practice of law as an in-house counsel, sole
practitioner or as a partner in (or as an employee of or counsel to) a corporation or law firm in accordance with applicable legal and professional standards. This exception, however, does not apply to any Participant that may be engaging in
Competitive Activities or providing services to any individual, partnership, firm, corporation, institution or other entity engaged in Competitive Activities, wherein such employment or services being provided are not the practice of law.

 (b) Competitive Activities — For purposes of the Agreement, to which this Exhibit A is attached, “Competitive
Activities” means activities relating to products or services of the same or similar type as the products or services (1) which were or are sold (or, pursuant to an existing business plan, will be sold) to paying customers of the Company
or any Related Company, and (2) for which you have responsibility to plan, develop, manage, market, oversee or perform, or had any such responsibility within your most recent 24 months of employment with the Company or any Related Company.
Notwithstanding the previous sentence, an activity shall not be treated as a Competitive Activity if the geographic marketing area of the relevant products or services does not overlap with the geographic marketing area for the applicable products
and services of the Company or any Related Company. 
 2. Interference With Business Relations — During the period of your employment with the
Company or any Related Company, and for a period ending twelve (12) months following a termination of your employment for any reason with the Company or any Related Company, you shall not, without the written consent of the Executive Vice
President – Human Resources of Verizon (or his or her designee): 
 (a) recruit, induce or solicit any employee, directly or
indirectly, of the Company or Related Company for employment or for retention as a consultant or service provider; 
  

 (b) hire or participate (with another person or entity) in the process of hiring (other than for
the Company or any Related Company) any person who is then an employee of the Company or any Related Company, or provide names or other information about any employees of the Company or Related Company to any person or entity (other than the Company
or any Related Company), directly or indirectly, under circumstances that could lead to the use of any such information for purposes of recruiting, soliciting or hiring; 
 (c) interfere, directly or indirectly, with the relationship of the Company or any Related Company with any of its employees, agents, or representatives; 
 (d) solicit or induce, or in any manner attempt to solicit or induce, directly or indirectly, any client, customer, or prospect of the Company or
any Related Company (1) to cease being, or not to become, a customer of the Company or any Related Company or (2) to divert any business of such customer or prospect from the Company or any Related Company; or 
 (e) otherwise interfere with, disrupt, or attempt to interfere with or disrupt, the relationship, contractual or otherwise, between the Company or
any Related Company and any of its customers, clients, prospects, suppliers, consultants, employees, agents, or representatives. 
 3. Effect of a
Material Restatement of Financial Results — Notwithstanding anything in this Agreement to the contrary, you agree that, with respect to all RSUs granted to you on or after January 1, 2007 and all short-term incentive awards made to you
on or after January 1, 2007, to the extent the Company is required to materially restate any financial results based upon your willful misconduct or gross negligence while employed by the Company or any Related Company (and where such
restatement would have resulted in a lower payment being made to you), you will be required to repay all previously paid or deferred (i) RSUs and (ii) short-term incentive awards that were provided to you during the performance periods
that are the subject of the restated financial results, plus a reasonable rate of interest. For purposes of this section, “willful misconduct” and “gross negligence” shall be as determined by the Committee. The Audit Committee of
the Verizon Board of Directors shall determine whether a material restatement of financial results has occurred. If you do not repay the entire amount required under this section, the Company may, to the extent permitted by governing law, offset
your obligation to repay against any source of income available to it, including but not limited to any money you may have in your nonqualified deferral accounts. 
 4. Return Of Company Property; Intellectual Property Rights — You agree that on or before termination of your employment for any reason with the Company or any Related Company, you shall return to the Company all property owned
by the Company or any Related Company or in which the Company or any Related Company has an interest, including files, documents, data and records (whether on paper or in tapes, disks, or other machine-readable form), office equipment, credit cards,
and employee identification cards. You acknowledge that the Company (or, as applicable, a Related Company) is the rightful owner of, and you hereby do assign, all right, title and interest in and to any programs, ideas, inventions, discoveries,
works of authorship, data, information, patentable or copyrighted material, or trademarks that you may have originated or developed, or assisted in originating or developing, during your period of employment with the Company or a Related Company,
where any such origination or development involved the use of Company or Related Company time, information or resources, was made in the exercise of your responsibilities for or on behalf of the Company or a Related Company or was related to the
Company’s or a Related Company’s business or to the Company’s or a Related Company’s actual or demonstrably anticipated research or development. You shall at all times, both 

 
before and after termination of your employment, cooperate with the Company (or, as applicable, any Related Company) in executing and delivering documents
requested by the Company or a Related Company, and taking any other actions, that are necessary or requested by the Company or a Related Company to assist the Company or any Related Company in patenting, copyrighting, protecting, enforcing or
registering any programs, ideas, inventions, discoveries, works of authorship, data, information, patentable or copyrighted material, or trademarks, and to vest title thereto solely in the Company (or, as applicable, a Related Company). 

5. Proprietary And Confidential Information — You shall at all times, including after any termination of your employment with the Company or any Related
Company, preserve the confidentiality of all Proprietary Information (defined below) and trade secrets of the Company or any Related Company, and you shall not use for the benefit of any person, other than the Company or a Related Company, or
disclose to any person, except and to the extent that disclosure of such information is legally required, any Proprietary Information or trade secrets of the Company or any Related Company. “Proprietary Information” means any information
or data related to the Company or any Related Company, including information entrusted to the Company or a Related Company by others, which has not been fully disclosed to the public by the Company or a Related Company and which is treated as
confidential or protected within the Company or any Related Company or is of value to competitors, such as strategic or tactical business plans; undisclosed business, operational or financial data; ideas, processes, methods, techniques, systems,
models, devices, programs, computer software, or related information; documents relating to regulatory matters or correspondence with governmental entities; undisclosed information concerning any past, pending, or threatened legal dispute; pricing
or cost data; the identity, reports or analyses of business prospects; business transactions that are contemplated or planned; research data; personnel information or data; identities of users or purchasers of the Company’s or Related
Company’s products or services; the Agreement to which this Exhibit A is attached; and other non-public information pertaining to or known by the Company or a Related Company, including confidential or non-public information of a third party
that you know or should know the Company or a Related Company is obligated to protect. 
 6. Definitions — Except where clearly provided to the
contrary, all capitalized terms used in this Exhibit A shall have the definitions given to those terms in the Agreement to which this Exhibit A is attached. 
 7. Agreement to Participant’s Obligations. You shall indicate your agreement to these Participant’s Obligations in accordance with the instructions provided in the Agreement, and your acceptance of the Agreement shall
include your acceptance of these Participant’s Obligations. You and Verizon hereby expressly agree that the use of electronic media to indicate confirmation, consent, signature, acceptance, agreement and delivery shall be legally valid and have
the same legal force and effect as if you and Verizon executed these Participant’s Obligations in paper form.

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