Southern New England Telecommunications Corp – ‘10-K’ for 12/31/93 – EX-10.4

As of:  Wednesday, 3/23/94   ·   For:  12/31/93   ·   Accession #:  790650-94-3   ·   File #:  1-09157

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         33±   120K 
 2: EX-10       Nq Pension Plan                                        2±    10K 
 3: EX-10.1     Pension Plan                                           1      9K 
 4: EX-10.2     Mid-Career Pension Plan                                1      7K 
 5: EX-10.3     Disability Plan                                        9±    34K 
 6: EX-10.4     Exec. Retire Sav. Plan                                 1      8K 
 7: EX-12       Ratio                                                  1      6K 
 8: EX-13       Annual Report                                         48±   225K 
 9: EX-21       Subsidiaries                                           1      6K 
10: EX-23       Consent                                                1      8K 
11: EX-24       Power                                                  2±    13K 
12: EX-24.1     Resolution                                             1      8K 

EX-10.4   —   Exec. Retire Sav. Plan

                                                      Exhibit 10(iii)(A)14

SNET EXECUTIVE RETIREMENT SAVINGS PLAN

The SNET Executive Retirement Savings Plan ("Plan") was adopted at the          
February 9, 1994 Board of Directors meeting to be effective for the 1994 Plan   
Year.  The primary purpose of the Plan is to keep executives whole beginning    
January 1, 1994 with respect to the SNET Management Retirement Savings Plan     
(SNETMRSP) provisions regarding the company's matching contributions.           

This Plan's eligibility, vesting and level of matching contribution provisions  
are the same as the SNETMRSP as amended from time to time.  Contributions       
under this Plan will be credited with annual earnings based on the applicable   
federal rate.  Distributions will not be available until the executive          
terminates employment, retires or dies; provided, however, that there will be   
hardship distribution provisions for severe financial hardship situations,      
consistent with the hardship distributions allowed pursuant to the SNET         
incentive award deferral procedures.                                            

The Plan provides for the following credits beginning with the 1994 Plan Year:  

1)  The crediting of company matching contributions of 80 percent of up to six  
percent of the executive's annual base salary limited to the amount that
cannot be contributed to the SNETMRSP due to limitations on eligible    
compensation and contributions which are imposed on qualified retirement
plans by the Internal Revenue Code, provided that the executive's       
contributions to the SNETMRSP and deferrals of the Short Term Incentive 
  Awards are sufficient to support the company matching contributions to the
Plan.  In the event the SNETMRSP's level of matching contribution for an
 employee's base salary changes, the level of matching contributions under
this Plan shall change to the same level.                               

2)  The crediting of company matching contributions equal to 66 2/3 percent of  
up to the first six percent of an executive's Short Term Incentive Award
payable for the 1994 and later Plan Years which the executive elects to 
defer receipt.  In the event the SNETMRSP's level of non-ESOP matching  
 contribution changes, the level of matching contributions under this Plan
shall change to the same level.                                         

The matching contributions will be credited each affected year, with the first  
credit beginning for Plan Year 1994, and will receive annual interest credits   
at the applicable federal rate.                                                 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing		Date		Other Filings
Filed on:		3/23/94
		2/9/94
		1/1/94
For Period End:		12/31/93		10-K/A
				List all Filings