{"id":39511,"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-international-inc8.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-qwest-communications-international-inc8","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-qwest-communications-international-inc8.html","title":{"rendered":"Employment Agreement &#8211; Qwest Communications International Inc. and Joseph P. Nacchio"},"content":{"rendered":"<pre>\n                                                             Thomas J. Matthews\n                                                       Executive Vice President\n                                                                Human Resources\n                                                       Telephone (303) 992-2106\n                                                      Telecopier (303) 992-1723\n\n\nAugust 13, 1999\n\n\nJoseph P. Nacchio\n1 Manor Hill Drive\nMendham, NJ 07945\n\n\n     The compensation committee of the Board of Directors is pleased to offer \nyou a non-qualified stock option grant on August 13, 1999 of options for 9 \nmillion shares at a price of $28.50 per share.  These options will be subject \nto the vesting provisions and other terms and conditions contained in the \nattached option agreement.  As provided in the attached agreement, 500,000 of \nthese options are contingent upon the published closing price of Qwest common \nstock being no less than $45 a share for 30 consecutive trading days ending \non before the second anniversary of the closing date of the merger with U S \nWEST.\n     \n     Upon consummation of the Qwest-U S WEST merger, your base salary will be \nincreased from $680,000 to $1,000,000 and your target bonus will be increased \nfrom 110% to 150%. In addition, at the earlier of the consummation of the \nQwest-U S WEST merger and January 1, 2001, you will receive a cash payment of \n$750,000.\n\n     It is also agreed that the growth share payment (in the amount of \n$25,482,004) payable to you during the calendar year 2001 under the Growth \nShare Plan, will be paid in full on January 1, 2001.\n\n     Further, your title and position shall remain a Chairman and the Chief \nExecutive Officer, and all references to President and Chief Executive \nOfficer in your employment agreement are hereby changed to Chairman and Chief \nExecutive Officer, it being understood that currently the Company has two \nChairmen and after the Qwest-U S WEST transaction the Company shall have \nthree Chairmen.\n     \n     Please sign the enclosed option agreement and return it to Tom Matthews.\n\n\n                                       Sincerely,\n\n                                       Qwest Communications International Inc.\n                                       Compensation Committee\n                                       Philip F. Anschutz\n                                       Jordan L. Haines\n                                       W. Thomas Stephens\n\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-39511","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\/39511","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=39511"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39511"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39511"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}