Verizon Communications Inc. (NYSE:VZ) may increase their early termination fee to $350. As you know Verizon recently started selling the Droid, a high-end Android powered Motorola phone. This may be the reason why Verizon is jacking up the prices. The rumor of the increased early termination fee was started by a leaked document on BGR. The early termination fee will decrease $10 per month. Once you’re in Verizon, you’re not leaving without burning a hole in your wallet.