EMPLOYEE BENEFITS AGREEMENT BY AND BETWEEN ALLTEL CORPORATION AND ALLTEL HOLDING CORP. DATED AS OF DECEMBER 8, 2005Employee Benefits Agreement • May 2nd, 2006 • Valor Communications Group Inc • Telephone communications (no radiotelephone)
This EMPLOYEE BENEFITS AGREEMENT (this “Agreement”), dated as of December 8, 2005, is by and between Alltel Corporation, a Delaware corporation (“Alltel”), and Alltel Holding Corp., a newly formed Delaware corporation and a wholly owned subsidiary of Alltel (“Spinco”).
February 1, 2006 Cindy Nash Valor Communications Group, Inc. 201 E. John Carpenter Freeway, Suite 200 Irving, TX 75062 Dear Cindy:Valor Communications Group Inc • May 2nd, 2006 • Telephone communications (no radiotelephone)
As you know, ALLTEL Holding Corp. and Valor Communications Group, Inc. have agreed to merge their businesses pursuant to the terms of the Agreement and Plan of Merger, dated as of December 8, 2005 (the “Merger Agreement”), among ALLTEL Corporation, ALLTEL Holding Corp., and Valor Communications Group, Inc. (the “Merger”). In connection with the Merger, we wish to encourage your continued service with the combined organization (the “Company”), contingent upon the consummation of the Merger and subject to the terms and conditions of this letter agreement (this “Letter Agreement”).
