SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
I. Purpose of the Plan
1.01 The CenturyTel, Inc. Supplemental Executive Retirement Plan (the "Plan") is intended to provide
CenturyTel, Inc. and its subsidiaries with a method for attracting and retaining key employees, to provide a
method for recognizing the contributions of such personnel, and to promote executive and managerial flexibility,
thereby advancing the interests of CenturyTel, Inc. and its stockholders, by providing retirement benefits in
addition to those provided under the general retirement programs of CenturyTel, Inc.
1.02 This 2000 Restatement of the Plan is intended to consolidate into one document all changes to the Plan
since the 1995 Restatement, to clarify certain defined terms and provisions, and to provide for the following
o to provide service credit for new participants for service only while a participant in the Plan;
o to incorporate an automatic cost of living adjustment to benefits payable under the Plan;
o to liberalize early retirement entitlement; and
o to provide for a subsidized early retirement adjustment for longer service participants.
As used in this Plan, the following terms shall have the meanings indicated, unless the context otherwise specifies
2.01 "ACCRUED BENEFIT" shall mean, as of Normal Retirement Date, an amount equal to the basic monthly
benefit to which a Participant is entitled in accordance with Section 5.01 using his Average Monthly
Compensation, Estimated Social Security Benefit and Credited Service determined as of his Normal Retirement
Date. "Accrued Benefit", as of any given date other than Normal Retirement Date, shall mean an amount equal to
the basic monthly benefit to which a Participant is entitled in accordance with Section 5.01 using his Average
Monthly Compensation, Estimated Social Security Benefit and Credited Service as of such given date, in lieu of
Normal Retirement Date.