Document:

Unassociated Document

    
Exhibit
      (10)(f)(7)

    
 

    AMENDMENT
      NO. 6

    TO

    ALLTEL
      CORPORATION

    1998
      MANAGEMENT DEFERRED COMPENSATION PLAN

    

    
      This
        Amendment No. 6 to the Alltel Corporation 1998 Management Deferred Compensation
        Plan,
        effective June 23 1998 (the “Plan”) amends the provisions of the Plan as
        applicable to George Page (“Page”).

    

    
      

    

    
      WHEREAS,
        the Board of Directors of
        Alltel Corporation, acting through its  Compensation Committee, which
        in turn is acting through Scott Ford, to whom it has delegated authority
        to
        enter into administrative amendments (collectively, the “Board”) adopted the
        Plan;

    

    
      

    

    
      WHEREAS,
        Section 6.1 of the Plan
        provides that the Board may amend the Plan from time to time;

    

    
      

    

    
      WHEREAS,
        Section 409A of the Internal
        Revenue Code of 1986 (“Code Section 409A”) imposes certain restrictions on a
        participant’s ability to change the time or form of payments from nonqualified
        deferred compensation plans with respect to amounts that are earned and vested
        on or after January 1, 2005 and amounts that are earned and vested prior
        to
        January 1, 2005 under a nonqualified deferred compensation plan that is
        materially modified, as described in Proposed Treasury Regulation section
        1.409A-6(a)(4)(i);

    

    
      

    

    
      WHEREAS,
        the Internal Revenue Service
        issued Notice 2006-79 provides transition relief to allow changes to the
        time
        and form of payments from nonqualified deferred compensation plans on or
        before
        December 31, 2006; provided the election change only applies to amounts that
        would not otherwise be payable in 2006 and such election does not cause an
        amount to be paid in 2006 that would not otherwise be payable in
        2006;

    

    
      

    

    
      WHEREAS,
        the Board has determined that
        amendments to the Plan to allow Page to change the time and form of payment
        of
        his Deferred Compensation Accounts as hereinafter set forth may be considered
        a
        material modification of the Plan as it applies to Page and his Deferred
        Compensation Accounts, as described in Proposed Treasury Regulation section
        1.409A-6(a)(4)(i); however, pursuant to Proposed Treasury Regulation section
        1.409A-1(c)(1), because the amendments to the Plan as applicable to Page
        do not
        amend the Plan as applicable to other Plan participants, the amendments
        hereinafter set forth are not intended to be a material modification to the
        Plan
        as it applies to any other Plan participants; and

    

    
      

    

    
      WHEREAS,
        the Board has determined that
        it is appropriate to amend the Plan to provide transition relief in accordance
        with Notice 2006-79 to allow Page to change the time and form of payment
        of the
        unpaid aggregate balance of  his Deferred Compensation

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Accounts
        under the Plan from five annual installments to a single lump sum payment
        payable on or about February 1, 2007.

    

    
      

    

    NOW,
      THEREFORE, effective July 31,
      2006, the Plan is hereby amended as follows:

    

    
      	
              1.  

            	
              Article
                II DEFERRAL is amended by adding the following Section 2.3(d), (e)
                and
                (f):

            

    

    

     (d)  Distribution
      Election.  Notwithstanding anything contained herein to the
      contrary, and in accordance with Section 409A of the Code, and regulations
      and
      guidance issued thereunder, George Page (“Page”) may elect to receive a
      distribution of his Deferred Compensation Accounts for all Deferral Years in
      accordance with the following rules:

    

    
      	
            	
              (i)  

            	
              Page
                may elect that his Deferred Compensation Account shall be paid in
                a single
                lump sum on or about February 1,
                2007.

            

    

    

    
      	
            	
              (ii)  

            	
              In
                order to be effective, such election must be filed with the Corporation,
                on a form provided by the Corporation, on or before December 31,
                2006.  If Page fails to make an election pursuant to this
                Section 2.3(d), then his Deferred Compensation Account shall be
                distributed to Page or his Beneficiary in accordance with Article
                IV of
                the Plan. Any election completed pursuant to this Section 2.3(d)
                shall
                supersede any previously executed Deferral Election Form, and such
                previously executed Deferral Election Form shall have no force or
                effect.

            

    

    

    (e)  Compliance
      with Section 409A
      of the Code.  It is intended that, with respect to Page,
      Section 2.3(d) comply with the provisions of Section 409A of the Code and any
      regulations and guidance issued thereunder, so as to prevent the inclusion
      in
      gross income of any amounts deferred by Page under the Plan in a taxable year
      that is prior to the taxable year or years in which such amounts would otherwise
      actually be distributed or made available to him or his
      Beneficiaries.  This Section 2.4(e) of the Plan applies only to Page’s
      Deferral Compensation Accounts and shall be so construed and administered.
      Any
      provisions of the Plan that would cause any amount deferred or payable under
      the
      Plan to be includable in the gross income of Page under Section 409A(a)(1)
      of
      the Code shall have no force and effect unless and until the Plan is amended
      to
      cause such amount to not be so 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    includible
      (which amendment may be retroactive to the extent permitted by Section 409A
      of
      the Code).  Any reference in this Plan to Section 409A of the Code
      will also include any proposed, temporary, or final regulations, or any other
      guidance, promulgated with respect to such Section by the U.S. Department of
      Treasury.

    

    (f)  Effect
      on Other
      Participants.  Sections 2.3 (d), (e) and (f) of the Plan shall
      only apply to Page’s Deferred Compensation Accounts, and shall not apply to or
      be construed to modify the benefits and rights of any other Participant of
      the
      Plan.  Accordingly, the provisions of this Plan shall be construed and
      interpreted so as to avoid creating any “material modifications” (within the
      meaning of Section 409A of the Code) with respect to such other
      Participants.

    

    

    ALLTEL
      CORPORATION

     

    

    By:  /s/
      Scott T.
      Ford                                          

    Title:
      President and Chief Executive Officer

    

    

    ACKNOWLEDGED
      AND AGREED:

    
 

    /s/
      George
      Page                         

    GEORGE
      PAGEUnassociated Document

    
Exhibit
      (10)(f)(8)

     

    AMENDMENT
      NO. 7

    TO
      THE

    ALLTEL
      CORPORATION

    1998
      MANAGEMENT DEFERRED COMPENSATION PLAN

    

    WHEREAS,
      Alltel Corporation
      (“Alltel”) maintains the Alltel Corporation 1998 Management Deferred
      Compensation Plan (the “Plan”) effective June 23, 1998; and

    

    WHEREAS,
      the Internal Revenue
      Service published rules under Section 409A of the Internal Revenue Code of
      1986,
      as amended (the “Code”) which impose new restrictions on nonqualified deferred
      compensation arrangements such as the Plan; and

    

    WHEREAS,
      the Internal Revenue
      Service published transitional rules in Notice 2006-79, which allow Alltel
      until
      the end of 2007 to amend the Plan to comply with the new restrictions under
      409A
      of the Code; and

    

    WHEREAS,
      the Chief Executive
      Officer of Alltel determines it appropriate to amend the Plan in the following
      manner.

    

    NOW,
      THEREFORE, BE IT
      RESOLVED, that effective August 1, 2007, the Plan is amended in the
      respects hereinafter set forth:

    

    2.1  Eligibility.  It
      is the intent of the Corporation to extend eligibility for the Plan only to
      those Employees who comprise a select group of management or highly compensated
      employees, such that the Plan will qualify for treatment as "top hat" plan
      under
      ERISA.  The CEO shall be an Eligible Employee for each Year that
      begins after December 31, 1998.  Eligible Employees for each Year that
      begins after December 31, 1998, other than the CEO, shall be those
      Employees designated in writing not later than December 31st of the immediately
      preceding Year by the CEO in his sole and absolute discretion but taking into
      account the limitation set forth in the immediately preceding sentence. Eligible
      Employees
for any given Year, other than the CEO, shall
      be notified in writing of their eligibility by the Corporation not later than
      December 31st of the immediately preceding Year.  Notwithstanding the
      foregoing,...

     

    2.3   Deferral
      Election.
      Eligible Employees shall make their elections under the Plan with respect to
      deferral of Salary not later than December 31st
      of the
      Year immediately preceding the Deferral Year.  Eligible Employees
      shall make their elections under the Plan with respect to deferral of Incentive
      Compensation and Long-Term Incentive Compensation not later 

    than
      December 31st of the Year immediately preceding the Deferral
      Year.  Notwithstanding the foregoing: . . .

    ALLTEL
      CORPORATION

     

    

    By: /s/
      Scott T.
      Ford                                         

    Title:
      Chief Executive Officer and
      President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]