Common use of Tranche 2 Clause in Contracts

Tranche 2. Subject to continuous employment requirement set forth in paragraph 6(e), below, Tranche 2 shall vest based on the growth of Verizon's annual revenues as follows-- (1) As set forth in the following table, if Veri▇▇▇'▇ ▇nnual revenues in the "Target Year" exceed Veri▇▇▇'▇ ▇evenues in the "Baseline Year" by the "Revenue Growth Goal" or more, the applicable percentage of Tranche 2 shall vest: Revenue Aggregate Target Baseline Growth Percentage Percentage Year Year Goal to Vest Vested ------ -------- -------- ---------- ---------- 2002 2000 15.5% 50% N/A 2003 2002 7.5% 25% N/A 2004 2003 7.5% 25% N/A (2) For purposes of the table set forth in subparagraph (c)(1), above-- (i) Revenues shall be determined by the Plan Administrator.

Tranche 2. Subject to continuous employment requirement set forth in paragraph 6(e), below, Tranche 2 shall vest based on the growth of Verizon's annual revenues as follows-- (1) As set forth in the following table, if Veri▇▇▇'▇ ▇nnual revenues in the "Target Year" exceed Veri▇▇▇'▇ ▇evenues in the "Baseline Year" by the "Revenue Growth Goal" or more, the applicable percentage of Tranche 2 shall vest: Revenue Aggregate Target Baseline Growth Percentage Percentage Year Year Goal to Vest Vested ------ -------- -------- ------- ---------- ---------- 2002 2000 15.5% 50% N/A 2003 2002 7.5% 25% N/A 2004 2003 7.5% 25% N/A (2) For purposes of the table set forth in subparagraph (c)(1), above-- (i) Revenues shall be determined by the Plan Administrator.

Tranche 2. Subject to continuous employment requirement set forth in paragraph 6(e), below, Tranche 2 shall vest based on the growth of Verizon's annual revenues as follows-- (1) As set forth in the following table, if Veri▇▇▇'▇ ▇nnual annual revenues in the "Target Year" exceed Veri▇▇▇'▇ ▇evenues in the "Baseline Year" by the "Revenue Growth Goal" or more, the applicable percentage of Tranche 2 shall vest: Revenue Aggregate Target Baseline Growth Percentage Percentage Year Year Goal to Vest Vested ------ -------- -------- ---------- ---------- --------------- --------------- ---------------- ------------------- --------------------- 2002 2000 15.5% 50% N/A 2003 2002 7.5% 25% N/A 2004 2003 7.5% 25% N/A (2) For purposes of the table set forth in subparagraph (c)(1), above-- (i) Revenues shall be determined by the Plan Administrator.

Tranche 2. Subject to continuous employment requirement set forth in paragraph 6(e), below, Tranche 2 shall vest based on the growth of Verizon's annual revenues as follows-- (1) As set forth in the following table, if Veri▇▇▇'▇ ▇nnual annual revenues in the "Target Year" exceed Veri▇▇▇'▇ ▇evenues in the "Baseline Year" by the "Revenue Growth Goal" or more, the applicable percentage of Tranche 2 shall vest: Aggregate Revenue Aggregate Target Baseline Growth Percentage Percentage Target Year Baseline Year Goal Percentage to Vest Vested ------ -------- -------- ---------- ----------- ------------- -------------- ------------------ ---------- 2002 2000 15.5% 50% N/A 2003 2002 7.5% 25% N/A 2004 2003 7.5% 25% N/A (2) For purposes of the table set forth in subparagraph (c)(1), above-- (i) Revenues shall be determined by the Plan Administrator.

Tranche 2. Subject to continuous employment requirement set forth in paragraph 6(e), below, Tranche 2 shall vest based on the growth of Verizon's annual revenues as follows-- (1) As set forth in the following table, if Veri▇▇▇'▇ ▇nnual annual revenues in the "Target Year" exceed Veri▇▇▇'▇ ▇evenues in the "Baseline Year" by the "Revenue Growth Goal" or more, the applicable percentage of Tranche 2 shall vest: Revenue Aggregate Target Baseline Growth Percentage Percentage Year Year Goal to Vest Vested ------ -------- -------- ------- ---------- ---------- 2002 2000 15.5% 50% N/A 2003 2002 7.5% 25% N/A 2004 2003 7.5% 25% N/A (2) For purposes of the table set forth in subparagraph (c)(1), above-- (i) Revenues shall be determined by the Plan Administrator.

Tranche 2. Subject to continuous employment requirement set forth in paragraph 6(e), below, Tranche 2 shall vest based on the growth of Verizon's the annual revenues of Verizon as follows-- (1) As set forth in the following table, if Veri▇▇▇'▇ ▇nnual the annual revenues of Verizon in the "Target Year" exceed Veri▇▇▇'▇ ▇evenues the annual revenues of Verizon in the "Baseline Year" by the "Revenue Growth Goal" or more, the applicable percentage of Tranche 2 shall vest: Revenue Aggregate Target Baseline Growth Percentage Percentage Year Year Goal to Vest Vested ------ -------- -------- ---------- ---------- 2002 2000 15.5% 50% N/A 2003 2002 7.5% 25% N/A 2004 2003 7.5% 25% N/A (2) For purposes of the table set forth in subparagraph (c)(1), above-- (i) Revenues Verizon's revenues shall be determined by the Plan Administrator.