EXHIBIT 10.78 DEFERRED COMPENSATION AGRMT
Published on July 8, 1997
DEFERRED COMPENSATION AGREEMENT
This Agreement entered into this 15TH day of August 1994, between GCI
Communication Corp. ("GCI") and DANA L. TINDALL ("Employee").
1. In consideration of the performance of the Employee for GC1, GCI
hereby agrees to pay Employee up to $50,000 as compensation in addition to the
current salary and benefits now paid contingent upon the Employee exercising
options as provided in the Stock Option Agreement dated June 2, 1993, between
General Communication, Inc. and Employee ("Stock Option Agreement").
2. GCI shall pay Employee One Dollar ($1.00) in compensation under this
Agreement for each share purchased by Employee pursuant to the Stock Option
Agreement payable at the time of Issuance of the Shares. All compensation shall
be subject to withholding and deductions as required by law or as established by
GCI.
3. The obligation to pay compensation hereunder or any portion thereof
shall terminate on the date the Stock Option Agreement terminates. In the event
of employee's death, the legal or personal representative of Employee's status
shall have the right to payment of the compensation hereunder on the same terms
and conditions as provided in Section 2(b) of the Stock Option Agreement.
GCI COMMUNICATION CORP.
By:________________________________
John M. Lowber
Senior Vice President
EMPLOYEE:
By:________________________________
Dana L. Tindall