EXHIBIT 4.3.18A
Published on June 25, 2003
EXHIBIT 4.3.18A
EXCERPT OF
MINUTES OF ACTION
BY THE
BOARD OF DIRECTORS
OF
GENERAL COMMUNICATION, INC.
DECEMBER 5, 2002
RESOLVED, that the board of directors of General
Communication, Inc. ("Company") approves in concept
an amendment to (i) change the limit on a
participant's contribution to his or her account in
the Company's Qualified Employee Stock Purchase Plan
from 10% to 50% of compensation for non-highly
compensated employees, and from 10% to 12% for highly
compensated employees as defined in the plan and (ii)
eliminate the phase-in schedule allowing a
participant to diversify his or her investments in
Company stock over a period of time through 2005 and
replace it with permission for the participant to
diversity such investments made before December 31,
2002 once the plan provides an appropriate accounting
of such stock;
RESOLVED FURTHER, that the board directs the
president or his designee to cause the appropriate
amendment to the plan to be drafted to implement the
provisions of this resolution and to execute and date
that amendment to become a part of the plan.