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FTR > SEC Filings for FTR > Form 8-K on 1-May-2009All Recent SEC Filings

Show all filings for FRONTIER COMMUNICATIONS CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for FRONTIER COMMUNICATIONS CORP


1-May-2009

Other Events


Item 8.01 Other Events

Frontier Communications Corporation (the "Company") has an employment agreement with its President and Chief Executive Officer, Mary Agnes Wilderotter, which was entered into in November 2004 and amended and restated to take into account changes for purposes of Section 409A of the Internal Revenue Code in December 2008 (as so amended, the "Employment Agreement"). The initial term of the Employment Agreement expires in November 2009. The Employment Agreement contains, as an element of Mrs. Wilderotter's compensation, an annual grant of restricted shares with an aggregate value on the date of grant equal to no less than $1,000,000 (the "Equity Provision"). On April 30, 2009, the Company's Compensation Committee and Mrs. Wilderotter agreed that upon renewal of the Employment Agreement in November 2009, the Equity Provision will be removed. The Company's Compensation Committee has also committed not to enter into any employment agreements which contain guaranteed minimum equity provisions in the future with Company executives.

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