Windstream 2006 Annual Report Download - page 28

value has been presented based on the fair market value of the shares of $15.52 on February 14, 2005 or $13.63
on October 1, 2005 for Mr. Vaughn. The shares granted by Valor were revalued to $11.50, which was the closing
price on July 17, 2006, upon modification of the qualification for vesting due to the merger.
(4) No options have been granted by Windstream or Valor.
(5) Amounts for Messrs. Gardner and Frantz include $557,173 and $478,514, respectively, paid by Alltel for
performance under Alltel’s 2004-2006 Long-Term Incentive Plan, per the Employee Benefit Agreement with
Alltel.
(6) Amounts for Messrs. Gardner, Whittington and Frantz include $233,955, $392 and $351,403, respectively,
for increase in pension value. Amounts for Messrs. Gardner and Frantz include $71,650 and $250,140,
respectively, for above market earnings on non-qualified deferred compensation.
(7) “All Other Compensation” includes (i) amounts paid for relocation of the individual’s personal residence,
(ii) vacation earned by former Valor executives that became payable as a result of the Valor merger, (iii) the
valuation of the individual’s personal use of company plane based on the incremental cost to the company of
such usage, which primarily includes costs for fuel, maintenance charges allocable to such use, and contract-pilot
charges and excludes depreciation of the aircraft, general maintenance, compensation of Windstream’s employee
pilots and other general charges related to ownership of the aircraft, (iv) termination payments made to Valor
executives pursuant to severance arrangements agreed to by Valor, (v) company matching contributions under
the Alltel or Windstream 401(k) Plan, (vi) company contributions to qualified and non-qualified defined
contribution plans, (vii) payment of initial or annual country club dues, and (viii) up to $3,000 in pre-tax dollars
for reimbursement of medical expenses under a supplemental medical reimbursement plan. The following table
shows the amount of each of the foregoing categories of compensation for each named executive officer in 2006,
except that the amounts of perquisites (i.e., relocation benefits, personal use of aircraft, and country club dues)
are only shown to the extent the perquisite for an individual exceeds the greater of $25,000 or 10% of all
perquisites received by an individual:
Name
Contributions
to 401(K)
Plan
($)
Supplemental
Medical
Reimbursement
Plan
($)
Relocation
($)
Earned
Vacation
Payable at
Merger
($)
Personal Use of
Company Plane
($)
Contributions to
Non-qualified
Defined
Contribution Plans
($)
Termination
Payments
($)
Jeffery R. Gardner 8,800 3,000 - - 57,379 56,062 -
Brent Whittington 7,500 3,000 - - - - -
Francis X. Frantz 8,800 3,000 - - - 47,300 -
Keith D. Paglusch 6,686 3,000 143,290 - - - -
John P. Fletcher 6,000 3,000 - - - - -
John J. Mueller 9,900 - - 73,077 - - 2,278,314
Jerry E. Vaughn 9,900 - 58,176 6,562 - - 1,667,180
William M. Ojile, Jr. 9,900 - - 22,115 - - 831,593
William G. Raney 9,900 3,000 31,527 21,746 - - -
(8) “All Other Compensation” does not include $9,256,645 and $7,615,028 received by Messrs. Gardner and
Frantz, respectively, from Alltel in payment of their benefits under the Alltel Supplemental Executive Retirement
Plan.
(9) “All Other Compensation” for Mr. Frantz includes $142,561, which represents the cash value of the policy
at the time of transfer from Alltel to Mr. Frantz for a split-dollar life insurance policy that was entered into prior
to the Sarbanes-Oxley Act of 2002. Windstream will not make any payments for premiums under this policy.
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