According to these internal documents, Effective April 17, 2011, One-Year contract will no longer be offered to customers. Verizon apparently hasn’t seen a demand in this particular contract and will continue to offer Month-To-Month and the Regular Two-Year option.
Typically the One-Year option provided a marginal discount over the full retail price of a handset. Customers who have signed a One-Year Contract prior to April 17th will not be affected, However, any of those customers who chose to upgrade after said date will not be able to sign another one year contract.
Furthermore, not Everyone is subjected to the new policy change. National, Federal, Goverment, Major and Small Business Accounts will still be able to choose a one-year contract agreement.
For those of you out there who were planning to sign a one year contract. You have until April 17th.