{"id":39506,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/employment-agreement-qwest-communications-and-stephen-m.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-qwest-communications-and-stephen-m","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-qwest-communications-and-stephen-m.html","title":{"rendered":"Employment Agreement &#8211; Qwest Communications and Stephen M. Jacobsen"},"content":{"rendered":"<pre>                                                      JOSEPH P. NACCHIO\n                                             President &amp; Chief Executive Officer\n[LETTERHEAD OF QWEST COMMUNICATIONS]\n\nMarch 7, 1997\n\n\nStephen M. Jacobsen\n4 Bethany\nLaguna Niguel, CA  92677\n\nDear Steve:\n\nI am delighted to be able to offer you the position of Senior Vice President -\nConsumer Markets at Qwest Communications.  This letter is intended to set forth\nthe terms and conditions of your employment with Qwest.  Your annual base salary\nwill be $185,000.  You will be entitled to participate in Qwest's long-term\nincentive plan (The Share Growth Plan).  Your grant will be for 30,000 shares\nand the beginning value of the company, as contemplated by the Plan, has been\nset at one billion dollars.  A copy of the full plan will be forwarded to you\nfrom Tom Matthews under a separate letter.\n\nQwest is in the process of establishing an annual bonus plan for senior\nexecutives.  You will be eligible to participate on the same basis as other\nsenior officers.  In addition, you are entitled to the other benefits described\nin the materials included with this letter.\n\nYou are also eligible to be reimbursed for all relocation expenses including the\nselling and purchasing of a home, household moving, etc. up to a maximum\nreimbursement of $150,000.  Your reimbursement includes any gross up necessary\nto offset any tax impact this reimbursement may have, however, any gross up\nwould be considered as part of the amount that is calculated for determining the\nmaximum reimbursement.\n\nIf you are terminated for any reason other than cause, you will be entitled to a\nlump sum payment of one year's base salary.\n\nSteve, given my schedule with the road show, I would like to suggest that you\nbegin at Qwest Monday, March 24.  I plan to be back in Denver on Tuesday, March\n25 and will spend the day with you reviewing our consumer business.  However, I\ncan be flexible with the date if it better meets your needs.\n\nFinally, I am really looking forward to your joining me at Qwest and working\ntogether to make this a great company. If you agree with the above terms and\nconditions, please sign below and return this\n\n \nStephen M. Jacobsen\nMarch 7, 1997\nPage 2\n\n\nletter to me. If you have any questions or need more information, please let me\nknow or feel free to contact Tom Matthews (303-670-5040) who is working with me\nto help build our senior management team.\n\nSincerely,\n\n\/s\/\n\nJoseph P. Nacchio\n\nI accept the above offer:\n\n     \/s\/                          3\/16\/97\n___________________           ______________ \nStephen M. Jacobsen           Date\n\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8630],"corporate_contracts_industries":[9519],"corporate_contracts_types":[9539,9544],"class_list":["post-39506","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-qwest-communications-international-inc","corporate_contracts_industries-telecommunications__telephone","corporate_contracts_types-compensation","corporate_contracts_types-compensation__employment"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/39506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=39506"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39506"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39506"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}