EMPLOYMENT AGREEMENTConsulting Agreement • March 11th, 2005 • SBC Communications Inc • Telephone communications (no radiotelephone) • Delaware
The Company has determined that it is in the best interests of the Company and its shareholders to assure that AT&T Corp., a New York corporation (“AT&T”) will have the continued dedication of the Executive pending the merger (the “Merger”) of AT&T with Tau Merger Sub Corporation, a New York corporation and a wholly-owned subsidiary of the Company (“Merger Sub”) pursuant to the Agreement and Plan of Merger dated as of January 30, 2005, by and among AT&T, the Company and Merger Sub (the “Merger Agreement”) and to provide the Merger Sub and the Company after the Merger with continuity of management. Therefore, in order to accomplish these objectives, the Company has entered into this Agreement. Capitalized terms used but not defined in this Agreement shall have the meaning set forth in the Merger Agreement.
