Based on if you meet the right plan requirements, I know that a year into your contract you can sign up for a new 2 year contract and get a new phone at contract pricing. However, can you sign up for a one year contract at this time and still get the (slightly less) discounted phone?
I'm halfway through my 2 year contract right now and could use my annual upgrade to get a new phone, basically tacking on another year to my current contract (pushing it to this time 2012). However, I don't really want to make my contract any longer since its possible I can get a phone free through work.
I gave a quick call to CS with this question, and the guy did say I could sign a one year contract at my annual upgrade. Maybe he didn't understand my question though, since it doesn't make any sense for Verizon to let you get a discounted phone on an "upgrade" that doesn't extend your contract at all.