Document:

exhibit432.htm

  

  

  

EXHIBIT 4.3.2

CERTIFICATE OF SECRETARY

I, JOHN M. LOWBER, the duly elected and acting Secretary of General Communication, Inc., an Alaska corporation ("Company"), do hereby certify and declare that the resolution of the Company's Board of Directors contained in the minutes of its meeting attached hereto as Exhibit 4.3.2A is a true and correct copy, duly adopted by the Company's Board of Directors at its meeting held on December 5, 2009.

Executed this 2nd day of April 2010 at Anchorage, Alaska.

GENERAL COMMUNICATION, INC.

By:     John M. Lowber                     

John M. Lowber, Secretary

[S E A L]

  

  

  

EXHIBIT 4.3.2A

EXCERPT FROM MINUTES OF ACTION BY

THE BOARD OF DIRECTORS OF

GENERAL COMMUNICATION, INC.

DECEMBER 5, 2009

GCI 401 (k) Resolutions

WHEREAS, General Communication, Inc. (the “Corporation”) has maintained the General Communication, Inc. Qualified Employee Stock Purchase Plan (the “QESPP”) for the benefit of its employees;

WHEREAS, United Utilities, Inc., a subsidiary of the Corporation, has maintained the United Utilities, Inc. 401(k) & Profit Sharing Plan (the “UUI Plan”) for the benefit of its employees;

WHEREAS, the Corporation desires to merge the UUI Plan into the QESPP, and to restate the QESPP onto a prototype plan document offered through the new administrator for the QESPP;

NOW THEREFORE, the Corporation takes the following actions:

RESOLVED, that the Qualified Employee Stock Purchase Plan of General Communication, Inc. shall be restated in its entirety by the adoption of the prototype plan Adoption Agreement and Basic Plan document to be provided by Prudential, effective January 1, 2010, and the officers of the Corporation hereby are authorized to execute such plan documents, which shall include the following changes that will be effective January 1, 2010:  the addition of Roth 401(k) contributions and the elimination of voluntary after-tax contributions;

FURTHER RESOLVED, that the name of the Qualified Employee Stock Purchase Plan of General Communication, Inc. shall be changed to the “GCI 401(k) Plan” effective January 1, 2010;

FURTHER RESOLVED, that the United Utilities, Inc. 401(k) & Profit Sharing Plan shall be merged with and into the GCI 401(k) Plan, effective January 4, 2010;

FURTHER RESOLVED, that the following employers hereby are approved as participating employers in the GCI 401(k) Plan, effective January 1, 2010:

GCI Communication Corp.

United Utilities, Inc.

FURTHER RESOLVED, that Prudential Financial hereby is appointed as the directed trustee of the GCI 401(k) Plan, effective January 1, 2010;

FURTHER RESOLVED, that the following persons hereby are appointed to serve as the discretionary Trustees of the GCI 401(k) Plan, effective January 1, 2010, and hereby are delegated all fiduciary authority over the plan:

Ronald A. Duncan

G. Wilson Hughes

John M. Lowberexhibit433.htm

  

  

  

EXHIBIT 4.3.3

CERTIFICATE OF SECRETARY

I, JOHN M. LOWBER, the duly elected and acting Secretary of General Communication, Inc., an Alaska corporation ("Company"), do hereby certify and declare that the resolution of the Company's Board of Directors contained in the minutes of its meeting attached hereto as Exhibit 4.3.3A is a true and correct copy of that resolution as contained in those minutes duly adopted by the Company's Board of Directors at its meeting held on February 8, 2010.

Executed this 2nd day of April 2010 at Anchorage, Alaska.

GENERAL COMMUNICATION, INC.

By:       John M. Lowber                  

John M. Lowber, Secretary

  

  

  

EXHIBIT 4.3.3A

EXCERPT FROM MINUTES OF ACTION BY THE

BOARD OF DIRECTORS OF GENERAL COMMUNICATION, INC.

FEBRUARY 8, 2010

RESOLVED, that the board of directors of General Communication, Inc. ("Company") authorizes increasing the allocation of common stock to the Company's GCI 401(k) Plan by 3,000,000 shares, including approximately 60,000 shares to cover shares previously issued through the plan as restricted shares, of Company Class A common stock ("Plan Stock");

RESOLVED FURTHER, that the Board approves filing a registration statement pursuant to the federal Securities Act of 1933, as amended ("Securities Act") and, in particular, in the format of Form S-8, where such registration statement will pertain specifically to the registration of the offer of the Plan Stock and such Plan Stock will be offered or acquired through the Plan; and

RESOLVED FURTHER, that the president and other officers of the Company are directed to take such steps as are necessary to register the offer of the Plan Stock and otherwise to be in compliance with the Securities Act and other securities laws.exhibit452.htm

  

  

  

EXHIBIT 4.5.2

IRS DETERMINATION ON

PROTOTYPE NON-STANDARDIZED PROFIT SHARING PLAN

WITH CODA ISSUED TO PRUDENTIAL INSURANCE CO OF AMERICA,

DATED MARCH 31, 2008

 

 

  

  

  

 

	

	
DEPARTMENT OF THE TREASURY

INTERNAL REVENUE SERVICE

WASHINGTON, D.C. 20224

	
TAX EXEMPT AND

GOVERNMENT ENTITIES

DIVISION

	  

 

Plan Description: Prototype Non-standardized Profit Sharing Plan with CODA FFN: 31348580703-005 Case: 200606279 EIN: 22-1211670

BPD: 03  Plan: 005   Letter Serial No: M385779a

Date of Submission:  01/31/2006

 

	
PRUDENTIAL INSURANCE CO OF AMERICA 200 WOOD AVENUE EAST

ISELIN, NJ 08830

Dear Applicant:

	
Contact Person:

Janell Hayes/Letitia Young Telephone Number:

513-263-3602/513-263-3584 In Reference To:

TEGE: EP: 7521

Date: 03/31/2008

 

 

In our opinion, the form of the plan identified above is acceptable under section 401 of the Internal Revenue Code for use by employers for the benefit of their employees. This opinion relates only to the acceptability of the form of the plan under the Internal Revenue Code. It is not an opinion of the effect of other Federal or local statutes.

 

You must furnish a copy of this letter, a copy of the approved plan, and copies of any subsequent amendments to each employer who adopts this plan.

 

This letter considers the changes in qualification requirements contained in the 2004 Cumulative List of Notice 2004-84, 2004-2 C.B. 1030.

 

Our opinion on the acceptability of the form of the plan is not a ruling or determination as to whether an employer's plan qualifies under Code section 401(a). However, an employer that adopts this plan may rely on this letter with respect to the qualification of its plan under Code section 401(a), as provided for in Rev. Proc. 2005-16, 2005-1 C.B. 674 and outlined below. Please review Announcement 2008-23 I.R.B. 2008-14 to determine the items necessary for filing an application for a determination letter if one is required for reliance, or is otherwise desired. The terms of the plan must be followed in operation. Generally, the employer may request a determination letter by filing an application with Employee Plans Determinations on Form 5307, Application for Determination for Adopters of Master or Prototype or Volume Submitter Plans.

 

Except as provided below, our opinion does not apply with respect to the requirements of:    (a) Code sections 401(a)(4), 401(1), 410(b) and 414(s). Our opinion does not apply for purposes of Code section 401(a)(10)(B) and section 401(a)(16) if an employer ever maintained another qualified plan for one or more employees who are covered by this plan. For this purpose, the employer will not be considered to have maintained another plan merely because the employer has maintained another defined contribution plan(s), provided such other plan(s) has been terminated prior to the effective date of this plan and no annual additions have been credited to the account of any participant under such other plan(s) as of any date within the limitation year of this plan. See section 19.02(1) of Rev. Proc. 2005-16, 2005-1 C.B. 674 regarding nonstandardized defined contribution plans and the repeal of Code section 415(e). Our opinion also does not apply for purposes of Code section 401(a)(16) if, after December 31, 1985, the employer maintains a welfare benefit fund defined in Code section 419(e), which provides postretirement medical benefits allocated to separate accounts for key employees as defined in Code section 419A(d)(3), or an individual medical account as defined in Code section 415(1)(2).

  

  

  

Letter 4334

PRUDENTIAL INSURANCE CO OF AMERICA FFN: 31348580703-005

Page 2

 

Our opinion applies with respect to the requirements of Code section 410(b) if 100 percent of all nonexcludable employees benefit under the plan. Employers that elect a safe harbor allocation formula and a safe harbor compensation definition can also rely on an opinion letter with respect to the nondiscriminatory amounts requirement under section 401(a)(4) and with respect to whether the form of the plan satisfies the requirements of sections 401(k)(3) and 401(m)(2). In the case of plans described in section 401(k)(11) and/or 401(m)(12), employers may also rely on the opinion letter with respect to whether the form of the plan satisfies those requirements unless the plan provides for the safe harbor contribution to be made under another plan.

 

If you, the master or prototype sponsor, have any questions concerning the IRS processing of this case, please call the above telephone number.  This number is only for use of the sponsor.  Individual participants and/or adopting employers with questions concerning the plan should contact the master or prototype sponsor. The plan's adoption agreement must include the sponsor's address and telephone number for inquiries by adopting employers.

 

If you write to the IRS regarding this plan, please provide your telephone number and the most convenient time for us to call in case we need more information. Whether you call or write, please refer to the Letter Serial Number and File Folder Number shown in the heading of this letter.

 

You should keep this letter as a permanent record. Please notify us if you modify or discontinue sponsorship of this plan.

 

 

Sincerely yours,

                                                                                       

 

Andrew Zuckerman

 

Director,

 

Employee Plans Rulings and Agreements

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