VZ » Topics » Savings Plan and Employee Stock Ownership Plans

This excerpt taken from the VZ 10-K filed Feb 26, 2010.

Savings Plan and Employee Stock Ownership Plans

We maintain four leveraged employee stock ownership plans (ESOP). Only one plan currently has unallocated shares. We match a certain percentage of eligible employee contributions to the savings plans with shares of our common stock from this ESOP. At December 31, 2009, the number of unallocated and allocated shares of common stock in this ESOP were 3 million and 68 million, respectively. All leveraged ESOP shares are included in earnings per share computations.

Total savings plan costs were $725 million, $683 million and $712 million in 2009, 2008 and 2007, respectively.


This excerpt taken from the VZ 8-K filed Nov 2, 2009.

Savings Plan and Employee Stock Ownership Plans

We maintain four leveraged employee stock ownership plans (ESOP). Only one plan currently has unallocated shares. We match a certain percentage of eligible employee contributions to the savings plans with shares of our common stock from this ESOP. At December 31, 2008, the number of unallocated and allocated shares of common stock in this ESOP were 3 million and 68 million, respectively. All leveraged ESOP shares are included in earnings per share computations.

Total savings plan costs were $683 million, $712 million, and $669 million in 2008, 2007 and 2006, respectively.

These excerpts taken from the VZ 10-K filed Feb 24, 2009.

Savings Plan and Employee Stock Ownership Plans

We maintain four leveraged employee stock ownership plans (ESOP). Only one plan currently has unallocated shares. We match a certain percentage of eligible employee contributions to the savings plans with shares of our common stock from this ESOP. At December 31, 2008, the number of unallocated and allocated shares of common stock in this ESOP were 3 million and 68 million, respectively. All leveraged ESOP shares are included in earnings per share computations.

Total savings plan costs were $683 million, $712 million, and $669 million in 2008, 2007 and 2006, respectively.

Savings Plan and Employee Stock Ownership Plans

ALIGN="justify">We maintain four leveraged employee stock ownership plans (ESOP). Only one plan currently has unallocated shares. We match a certain percentage of eligible employee contributions to the savings
plans with shares of our common stock from this ESOP. At December 31, 2008, the number of unallocated and allocated shares of common stock in this ESOP were 3 million and 68 million, respectively. All leveraged ESOP shares are
included in earnings per share computations.

Total savings plan costs were $683 million, $712 million, and $669 million in 2008, 2007 and 2006,
respectively.

These excerpts taken from the VZ 10-K filed Feb 28, 2008.

Savings Plan and Employee Stock Ownership Plans

 

We maintain four leveraged employee stock ownership plans (ESOP). Only one plan currently has unallocated shares. We match a certain percentage of eligible employee contributions to the savings plans with shares of our common stock from this ESOP. At December 31, 2007, the number of unallocated and allocated shares of common stock in this ESOP were 4 million and 77 million, respectively. All leveraged ESOP shares are included in earnings per share computations.

 

Total savings plan costs were $712 million, $669 million, and $499 million in 2007, 2006 and 2005, respectively.

 

Savings Plan and Employee Stock Ownership Plans

SIZE="1"> 

We maintain four leveraged employee stock ownership plans (ESOP). Only one plan currently has unallocated shares. We match a
certain percentage of eligible employee contributions to the savings plans with shares of our common stock from this ESOP. At December 31, 2007, the number of unallocated and allocated shares of common stock in this ESOP were 4 million and
77 million, respectively. All leveraged ESOP shares are included in earnings per share computations.

 

STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%">Total savings plan costs were $712 million, $669 million, and $499 million in 2007, 2006 and 2005, respectively.

STYLE="margin-top:0px;margin-bottom:0px"> 

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