EXHIBIT 10.3 AMENDMENTS TO THE CENTURY TELEPHONE ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST STATE OF LOUISIANA PARISH OF OUACHITA BE IT KNOWN, that on this 1st day of January, 1997, before me, a Notary Public, duly commissioned and qualified in and for the Parish of Ouachita, State of Louisiana, therein residing and in the presence of the undersigned witnesses: PERSONALLY CAME AND APPEARED: CENTURY TELEPHONE ENTERPRISES, INC., represented herein by its Senior Vice President and Chief Financial Officer, R. Stewart Ewing, Jr., as Settlor and Employer, which hereby executes the following amendments to the Century Telephone Enterprises, Inc. Employee Stock Ownership Plan and Trust, such amendments to be effective as of January 1, 1997: Insert the following as Section 5.5: 1. "5.5 AGE 65 DISTRIBUTIONS. Upon the attainment of the age of 65 years, a Participant shall be entitled to elect a distribution of all or a portion of his Account in the Plan. A Participate who elects to receive a distribution pursuant to this Section 5.5 shall continue to be eligible to participate in the Plan on the same basis as any other Participant." 2. Renumber Sections 5.5 and 5.6 as Sections 5.6 and 5.7, respectively. 3. Revise the Table of Contents of the Plan in accordance with the above, as follows: SECTION 5.......................................................29 BENEFITS PAYABLE AFTER NORMAL RETIREMENT..................29 5.1 Optional Methods of Payment Available at Retirement .....................................29 5.2 Manner of Payment Following Commencement of Payments...........................................30 5.3 Required Beginning Date............................30 5.4 Determination of Amount to be Distributed Each Year..........................................30 5.5 Age 65 Distributions...............................30 5.6 Definitions........................................31 5.7 Small Accounts.....................................31 THUS DONE AND SIGNED on the day first above shown, in the presence of the undersigned competent witnesses, who hereunto sign their names with the said appearer and me, Notary, after reading of the whole. WITNESSES: CENTURY TELEPHONE ENTERPRISES, INC. /s/ Linda Vaughn BY: /s/ R. Stewart Ewing, Jr. _____________________________ ______________________________ R. Stewart Ewing, Jr. Senior Vice President and Chief Financial Officer /s/ Bette B. Watts _____________________________ /s/ Billy R. Temple ______________________ NOTARY PUBLIC ACCEPTANCE OF AMENDMENTS BY THE TRUSTEE STATE OF LOUISIANA PARISH OF OUACHITA On this 25th day of June, 1997, BEFORE ME, a Notary Public, and in the presence of the undersigned competent witnesses, personally came and appeared: REGIONS BANK OF LOUISIANA which declared that it is appearing herein for the purpose of accepting and it does hereby accept the Amendments to the Century Telephone Enterprises, Inc. Employee Stock Ownership Plan and Trust adopted the Settlor on the 1st day of January, 1997. THUS DONE AND SIGNED at Monroe, Louisiana, on the date first above written. WITNESSES: REGIONS BANK OF LOUISIANA /s/ Linda G. Foss BY: /s/ Barry Bledsoe ______________________________ _____________________________ Barry Bledsoe Executive Vice President /s/ Doris E. Gatlin _____________________________ /s/ Cathy M. Yelverton _________________________ NOTARY PUBLIC