VERIZON COMMUNICATIONS INC. LONG-TERM INCENTIVE PLAN
PERFORMANCE STOCK UNIT AGREEMENT
2006–08 AWARD CYCLE
AGREEMENT between Verizon Communications Inc. (“Verizon” or the “Company”) and you (the “Participant”) and your heirs
1. Purpose of Agreement. The purpose of this Agreement is to provide a grant of performance stock units (“PSUs”) to the
2. Agreement. This Agreement is entered into pursuant to the terms of the 2001 Verizon Communications Inc. Long-Term
Incentive Plan (the “Plan”), and evidences the grant of a performance stock award in the form of PSUs pursuant to the Plan.
This Agreement is intended to comply with the requirements of Section 162(m) of the Code and the Treasury Department
Regulations thereunder. The PSUs and this Agreement (including the covenants set forth in Exhibit A (the “Covenants”), which
are incorporated into and shall be a part of the Agreement) are subject to the terms and provisions of the Plan. By executing this
Agreement, the Participant agrees to be bound by the terms and provisions of the Plan, this Agreement and by the actions of
the Human Resources Committee of Verizon Communication’s Board of Directors or any successor thereto (the “Committee”),
and any designee of the Committee. To the extent that there is a conflict between the terms of the Plan and the terms of this
Agreement, the terms of this Agreement shall control.
3. Contingency. The grant of PSUs is contingent on the Participant’s timely acceptance of this Agreement and satisfaction of
the other conditions contained herein. If the Participant does not properly accept (or revokes acceptance of) this Agreement the
Participant shall not be entitled to the PSUs regardless of the extent to which the vesting requirements in paragraph 5
(“Vesting”) are satisfied.
4. Number of Units. The Participant is granted the number of PSUs as specified on their account under the 2006 PSU grant,
administered by Fidelity Investments. A P