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RETENTION BONUS PLAN

Employee Bonus Plan Agreement

RETENTION BONUS PLAN | Document Parties: Western Wireless Corporation  | ALLTEL Corporation You are currently viewing:
This Employee Bonus Plan Agreement involves

Western Wireless Corporation | ALLTEL Corporation

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Title: RETENTION BONUS PLAN
Governing Law: Washington     Date: 3/16/2005
Industry: Communications Services     Sector: Services

RETENTION BONUS PLAN, Parties: western wireless corporation  , alltel corporation
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                                                                   EXHIBIT 10.44

 

                              RETENTION BONUS PLAN

 

      This Retention Bonus Plan as described below has been established in

connection with proposed merger of Western Wireless Corporation ("Company") and

ALLTEL Corporation (the "Merger") and is effective as of January 10, 2005.

 

   1. Full-time and part-time employees of the Company and its subsidiaries as

      of January 10, 2005 and any full-time and part-time employee who received

      and accepted an offer of employment with the Company prior to January 10,

      2005 and in each case who are employed by the Company through the

      retention bonus payment dates as described herein (hereinafter

      "Participants") shall be eligible for the Retention Bonus Plan and may be

      eligible to receive a retention bonus (a "Retention Bonus") subject to the

      terms and conditions of this Retention Bonus Plan. For the purposes of

      this Retention Bonus Plan, employment with a subsidiary or affiliate of

      the Company (including, following the Closing Date, ALLTEL Corporation or

      one of its subsidiaries) shall be deemed to be employment with the

      Company.

 

   2. The Company has established a retention bonus pool with an intended

      aggregate payout amount of $20 million (the "Retention Pool") to be

      allocated to the Participants in amounts determined by the Administrator

      and as described herein. The Retention Pool shall be paid in cash through

      the regular payroll process. The Retention Pool will have Participants in

      three employment categories:

 

         a. Designated key managers ("Key Managers") of the Company will be

            eligible for a Retention Bonus equal to 3, 6, or 12 times their

            Monthly Base Salary ("Key Manager Retention Bonus"), as determined

            by the Administrator. 50% of the Key Manager Retention Bonus will be

            paid at the next payroll period following the closing date of the

            Merger (the "Closing Date") and the remaining 50% of the Key Manager

            Retention Bonus will be paid at the next payroll period following

            the sixth month anniversary of the Closing Date, subject to the

            Participant's continued employment through such payment dates. Key

            Managers shall receive written confirmation of the amount of his or

            her Key Manager Retention Bonus.

 

         b. Certain Customer cCare eEmployees as designated by the Administrator

            will be eligible for a Retention Bonus equal to the greater of

            $5,000 or 3 times their Monthly Base Salary. 50% of the Retention

            Bonus will be paid at the next payroll period following the Closing

             Date and the remaining 50% of the Retention Bonus will be paid at

            the next payroll period following the sixth month anniversary of the

            Closing Date, subject in each case to the Participant's continued

            employment through such payment dates.

 

         c. The remaining Participants ("Other Participants") will be eligible

            for a Retention Bonus equal to the greater of $3,000 or 1 times

            their

 

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            Monthly Base Salary. 100% of this Retention Bonus will be paid at

            the next payroll period following the Closing Date, subject to the

            Participant's continued employment through such date.

 

  3.   A Participant who is a part-time employee has the same rights and is

      subject to the same terms and conditions under this Retention Bonus Plan

      as a similarly-situated full-time employee, except the a Participant who

      is a part-time employee shall be eligible for a Retention Bonus equal to

      50% of the Retention Bonus payable to a similarly-situated full-time

      employee.

 

  3.4. In the event of the Merger is terminated or abandoned (i) the first

      Retention Bon


 
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