CenturyLink 2015 Annual Report Download - page 106
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restatements thereof, and (iv) all references to any particular statute shall be deemed to include
any amendment, restatement or re-enactment thereof or any statute or regulation substituted
therefore.
(b) The titles and subtitles used in this Plan or any Incentive Agreement are used for convenience
only and are not to be considered in construing or interpreting this Plan or the Incentive
Agreement.
(c) All pronouns contained in this Plan or any Incentive Agreement, and any variations thereof,
shall be deemed to refer to the masculine, feminine or neutral, singular or plural, as the
identities of the parties may require.
(d) Whenever any provision of this Plan authorizes the Committee to take action or make
determinations with respect to outstanding Incentives that have been granted or awarded by
the chief executive officer of CenturyLink under Section 3.2 hereof, each such reference to
“Committee” shall be deemed to include a reference to any officer of the Company that has
delegated administrative authority under Section 3.2 of this Plan (subject to the limitations of
such section).
13.13 Compliance with Section 409A. It is the intent of the Company that this Plan comply with the
requirements of Section 409A of the Code with respect to any Incentives that constitute non-
qualified deferred compensation under Section 409A and the Company intends to operate the Plan in
compliance with Section 409A and the Department of Treasury’s guidance or regulations
promulgated thereunder. If the Committee grants any Incentives or takes any other action that would,
either immediately or upon vesting or payment of the Incentive, inadvertently result in the
imposition of a penalty on a participant under Section 409A of the Code, then the Company, in its
discretion, may, to the maximum extent permitted by law, unilaterally rescind ab initio, sever,
amend or otherwise modify the grant or action (or any provision of the Incentive) in such manner
necessary for the penalty to be inapplicable or reduced.
**********
[certificate intentionally omitted]
A-14