FairPoint Communications 2009 Annual Report Download - page 181

Table of Contents
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  
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

 
Alfred C. Giammarino Executive
Vice
President
and Chief
Financial
Officer
(2)
50% (i) 25%—FairPoint achieving major milestones under the installation schedule for its Next
Generation Network by a specified date; (ii) 25%—FairPoint achieving a specified year-end
broadband penetration target; (iii) 25%—FairPoint reducing its debt by a specified amount
during 2009; (iv) 10%—FairPoint repurchasing a certain amount of the Old Notes; (v) 5%
—FairPoint improving its cash flow by a specified amount during the first quarter of 2009;
(vi) 5%—FairPoint making certain amendments to the credit agreement entered into in
connection with the Verizon transaction; and (vii) 5%—promoting workers' safety and
reducing the FairPoint's recordable accident rate.
Peter G. Nixon President
50%
(i) 25%—FairPoint achieving all major milestones under the installation schedule for its Next
Generation Network by a specified date; (ii) 25%—FairPoint achieving a specified year-end
broadband penetration target; (iii) 25%—FairPoint increasing its net new commercial and
wholesale sales revenue by a specified amount during 2009; (iv) 10%—FairPoint completing
systems integration for its operations in northern New England by a specified date; (v) 10%
—FairPoint implementing a customer loyalty program by a specified date and achieving certain
goals under the customer loyalty program during 2009; and (vi) 5%—promoting workers'
safety and reducing FairPoint's recordable accident rate.