AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit
10(b)
AMENDMENT
TO EMPLOYMENT AGREEMENT
THIS
AMENDMENT
(this
“Amendment”), effective as of May 8, 2006, by and between ALLTEL Corporation, a
Delaware corporation (the “Corporation”), and Xxxxx X. Xxxx (“Executive”),
amends that certain Employment Agreement, dated as of July 24, 2003, by and
between the Corporation and Executive (the “Agreement”).
In
consideration of the mutual covenants and agreements herein contained, and
other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree to amend the Agreement as follows:
1. Section
7.3(C) of the Agreement is hereby amended by deleting the final sentence of
the
introductory paragraph of Section 7.3(C) and replacing it in its entirety with
the following:
“Whether
an act or failure to act by the Executive constitutes “Cause” shall be
determined subject to the following requirements.”
2. As
amended hereby, the Agreement shall be and remain in full force and
effect.
IN
WITNESS WHEREOF,
the
parties have executed this Amendment as of the date first above
written.
| ALLTEL CORPORATION |
| By: /s/ Xxxxxxx X. Xxxxxx |
| EXECUTIVE: |
| /s/ Xxxxx X. Xxxx |
| Xxxxx X. Xxxx |
