Exhibit 10.6


 


Atlantic Tele-Network


Named Executive Officers


Base Salary and Bonus
Opportunities for 2006


 


                Effective
January 1, 2006, Michael T. Prior, the Company’s then Chief Financial Officer
and Treasurer, was appointed President and Chief Executive Officer, succeeding
Cornelius B. Prior, Jr. who served as the Chief Executive Officer and Chairman
from 1998 through December 31, 2005.  Mr.
Cornelius Prior continues to serve as the Chairman of the Board and as an
executive officer.  The following table
sets forth the annual base salaries and cash bonus incentive targets for fiscal
years 2005 and 2006, and actual cash bonus incentives paid for fiscal year
2005, for each of the Company’s current Named Executive Officers.


 


	
  Name

  	
   

  	
  Year

  	
   

  	
  Base 

  Salary

  	
   

  	
  Target Cash

  Bonus Potential

  (% of Base Salary)

  	
   

  	
  Actual Cash Bonus Payment (% of Base Salary/$)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Michael T. Prior

  	
   

  	
  2006

  	
   

  	
  $400,000

  	
   

  	
  50%/$200,000

  	
   

  	
   

  	
   

  
	
  President and Chief Executive Officer;

  	
   

  	
  2005

  	
   

  	
  $210,000

  	
   

  	
  30%/$63,000

  	
   

  	
  48%/$100,000

  	
   

  
	
  Former Chief Financial Officer and Treasurer

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Cornelius B. Prior, Jr.

  	
   

  	
  2006

  	
   

  	
  $300,000

  	
   

  	
  —

  	
   

  	
   

  	
   

  
	
  Executive Chairman;

  	
   

  	
  2005

  	
   

  	
  $350,000

  	
   

  	
  —

  	
   

  	
  —

  	
   

  
	
  Former Chief Executive Officer

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Douglas J Minster.

  	
   

  	
  2006

  	
   

  	
  $145,000

  	
   

  	
  50%/$72,500

  	
   

  	
   

  	
   

  
	
  Vice President and General Counsel

  	
   

  	
  2005

  	
   

  	
  $135,000

  	
   

  	
  30%/$40,500

  	
   

  	
  16%/$22,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Steven J. Parrish

  	
   

  	
  2006

  	
   

  	
  $178,000

  	
   

  	
  50%/$89,000

  	
   

  	
   

  	
   

  
	
  Executive Vice President, Operations

  	
   

  	
  2005

  	
   

  	
  $170,000

  	
   

  	
  30%/$51,000

  	
   

  	
  20%/$34,000

  	
   

  
	
  Former Vice President, Operation

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  



 


The payment of bonuses, and the actual amounts thereof, are payable in
the discretion of the Compensation Committee of the Board of Directors.  All of the foregoing employees are employees
at will of the Company.  The foregoing
table includes only cash salary and bonuses.  
In addition, the foregoing employees are entitled to participate in the
Company’s equity compensation plans and receive the general health and welfare
employee benefits offered by the Company.


 


* * *