Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Frontier Communications Corporation (the "Company") and John Maduri, the
Company's Executive Vice President and Chief Customer Officer, mutually agreed
to terminate Mr. Maduri's employment with the Company, effective September 4,
2020. In connection with his separation, Mr. Maduri and the Company entered into
a Release Agreement pursuant to which Mr. Maduri will generally receive payments
and benefits consistent with those payable upon a qualifying termination of
employment under the Letter Agreement, dated September 18, 2019, between the
Company and Mr. Maduri (the form of which is filed as Exhibit 10.3 to the
Company's Quarterly Report on Form 10-Q, filed with the Securities and Exchange
Commission on August 7, 2019), subject, in each case, to the Bankruptcy Code. In
addition, in accordance with the terms of the applicable plans or programs and
subject to the Release Agreement, (a) the repayment provisions with respect to
certain of Mr. Maduri's pre-paid retention awards and performance awards will
lapse, (b) all outstanding unvested grants will lapse, and (c) Mr. Maduri will
receive a lump sum cash payment representing the deferred portion of his
performance-based incentive plan awards for the first and second quarters of
2020.
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