Common use of Tranche 2 Clause in Contracts

Tranche 2. Subject to continuous employment requirement set forth in paragraph 6(e), below, Tranche 2 shall vest based on the growth of the annual revenues of Verizon as follows-- (1) As set forth in the following table, if the annual revenues of Verizon in the "Target Year" exceed the annual revenues of Verizon in the "Baseline Year" by the "Revenue Growth Goal" or more, the applicable percentage of Tranche 2 shall vest: Revenue Aggregate Target Baseline Growth Percentage Percentage Year Year Goal to Vest Vested 2002 2000 15.5% 50% N/A 2003 2002 7.5% 25% N/A 2004 2003 7.5% 25% N/A (2) For purposes of the table set forth in subparagraph (c)(1), above-- (i) Verizon's revenues shall be determined by the Plan Administrator.

Tranche 2. Subject to continuous employment requirement set forth in paragraph 6(e), below, Tranche 2 shall vest based on the growth of the Verizon's annual revenues of Verizon as follows-- (1) As set forth in the following table, if the Verixxx'x annual revenues of Verizon in the "Target Year" exceed the annual revenues of Verizon Verixxx'x xevenues in the "Baseline Year" by the "Revenue Growth Goal" or more, the applicable percentage of Tranche 2 shall vest: Revenue Aggregate Target Baseline Growth Percentage Percentage Year Year Goal to Vest Vested ------ -------- ------- ---------- ---------- 2002 2000 15.5% 50% N/A 2003 2002 7.5% 25% N/A 2004 2003 7.5% 25% N/A (2) For purposes of the table set forth in subparagraph (c)(1), above-- (i) Verizon's revenues Revenues shall be determined by the Plan Administrator.

Tranche 2. Subject to continuous employment requirement set forth in paragraph 6(e), below, Tranche 2 shall vest based on the growth of the Verizon's annual revenues of Verizon as follows-- (1) As set forth in the following table, if the annual Verixxx'x xnnual revenues of Verizon in the "Target Year" exceed the annual revenues of Verizon Verixxx'x xevenues in the "Baseline Year" by the "Revenue Growth Goal" or more, the applicable percentage of Tranche 2 shall vest: Revenue Aggregate Target Baseline Growth Percentage Percentage Year Year Goal to Vest Vested ------ -------- -------- ---------- ---------- 2002 2000 15.5% 50% N/A 2003 2002 7.5% 25% N/A 2004 2003 7.5% 25% N/A (2) For purposes of the table set forth in subparagraph (c)(1), above-- (i) Verizon's revenues Revenues shall be determined by the Plan Administrator.

Tranche 2. Subject to continuous employment requirement set forth in paragraph 6(e), below, Tranche 2 shall vest based on the growth of the Verizon's annual revenues of Verizon as follows-- (1) As set forth in the following table, if the Verixxx'x annual revenues of Verizon in the "Target Year" exceed the annual revenues of Verizon Verixxx'x xevenues in the "Baseline Year" by the "Revenue Growth Goal" or more, the applicable percentage of Tranche 2 shall vest: Aggregate Revenue Aggregate Target Baseline Growth Percentage Percentage Target Year Baseline Year Goal Percentage to Vest Vested ----------- ------------- -------------- ------------------ ---------- 2002 2000 15.5% 50% N/A 2003 2002 7.5% 25% N/A 2004 2003 7.5% 25% N/A (2) For purposes of the table set forth in subparagraph (c)(1), above-- (i) Verizon's revenues Revenues shall be determined by the Plan Administrator.

Tranche 2. Subject to continuous employment requirement set forth in paragraph 6(e), below, Tranche 2 shall vest based on the growth of the Verizon's annual revenues of Verizon as follows-- (1) As set forth in the following table, if the Verixxx'x annual revenues of Verizon in the "Target Year" exceed the annual revenues of Verizon Verixxx'x xevenues in the "Baseline Year" by the "Revenue Growth Goal" or more, the applicable percentage of Tranche 2 shall vest: Revenue Aggregate Target Baseline Growth Percentage Percentage Year Year Goal to Vest Vested --------------- --------------- ---------------- ------------------- --------------------- 2002 2000 15.5% 50% N/A 2003 2002 7.5% 25% N/A 2004 2003 7.5% 25% N/A (2) For purposes of the table set forth in subparagraph (c)(1), above-- (i) Verizon's revenues Revenues shall be determined by the Plan Administrator.

Tranche 2. Subject to continuous employment requirement set forth in paragraph 6(e), below, Tranche 2 shall vest based on the growth of the Verizon's annual revenues of Verizon as follows-- (1) As set forth in the following table, if the annual Verixxx'x xnnual revenues of Verizon in the "Target Year" exceed the annual revenues of Verizon Verixxx'x xevenues in the "Baseline Year" by the "Revenue Growth Goal" or more, the applicable percentage of Tranche 2 shall vest: Revenue Aggregate Target Baseline Growth Percentage Percentage Year Year Goal to Vest Vested ------ -------- ------- ---------- ---------- 2002 2000 15.5% 50% N/A 2003 2002 7.5% 25% N/A 2004 2003 7.5% 25% N/A (2) For purposes of the table set forth in subparagraph (c)(1), above-- (i) Verizon's revenues Revenues shall be determined by the Plan Administrator.