EX-10.56



 Exhibit 10.56 

 
 



 
  

			
	To:	  	Todd Strubbe
	From:	  	West Corporation Compensation Committee
	Date:	  	February 18, 2014
		
	Re:	  	Exhibit A

  
 This Exhibit A for
2014 is entered into pursuant to your Employment Agreement. 
  

	 	1.	Your base salary for 2014 is $500,000. 

  

	 	2.	Effective January 1, 2014, you will be eligible to receive a bonus based upon the Unified Communications Segment’s Net Operating Income before corporate
allocations and before amortization (“NOI PC&A”). Net Operating Income will be calculated in accordance with generally accepted accounting principles (“GAAP”) as included in West Corporation’s financial statements. Your
bonus will be made up of two tranches: 

  

	 	•	 	 “Tranche 1” will be based on achievement of NOI PC&A up to $472,631,000 and will be earned pro-rata for each dollar of 2014 NOI PC&A
up to $472,631,000. 


  

	 	•	 	 “Tranche 2” will be based on achievement of NOI PC&A in excess of $472,631,000 and will be earned pro-rata for each dollar of 2014 NOI
PC&A greater than $472,631,000. 


 The bonus calculations for Tranches 1 and 2 are as follows: 

 

			
	 	  	Bonus / Million of 2014 NOI PC&A
	 Tranche 1
	  	$741
	 Tranche 2
	  	$81,094

  

	 	3.	In addition, you will be eligible to receive a “Revenue Bonus” based on 2014 Revenue growth in excess of target Revenue of $1,680,928,000 for the Unified
Communications Segment. Your Revenue Bonus will be equal to the percentage of excess Revenue growth achieved over target Revenue growth of $72,234,000 multiplied by the amount of the Tranche 2 bonus earned. “Revenue” will be calculated in
accordance with GAAP as included in West Corporation’s financial statements. The Revenue Bonus is calculated following year-end and will be paid to the extent earned no later than February 28, 2015. There are no quarterly payments of the
Revenue Bonus. 

  

	 	4.	If West Corporation achieves 2014 publicly reported consolidated Adjusted EBITDA (“Adjusted EBITDA”) equal to or in excess of its 2014 Adjusted EBITDA
guidance (as publicly announced January 2014), you will be eligible to receive an additional one-time bonus of $100,000. The Adjusted EBITDA guidance bonus is calculated following year-end and will be paid to the extent earned no later than February
28, 2015. There are no quarterly payments of the Adjusted EBITDA guidance bonus. 









	 	5.	A maximum of 75% of the estimated pro-rata portion of your Tranche 1 and Tranche 2 bonuses may be advanced quarterly. If any portion of the bonuses is advanced, it will
be paid within thirty (30) days from the end of the quarter. 100% of the total bonuses earned will be paid no later than February 28, 2015. In the event there is a negative calculation at the end of any quarter and a pro-rata portion of any bonus
has been advanced in a previous quarter, a “loss carry forward” will result and be applied to the next quarterly or year-to-date calculation. In the event that at the end of the year, or upon your termination if earlier, the aggregate
amount of the bonuses which have been advanced exceeds the amount of bonus that otherwise would have been payable for 2014 (in the absence of advances) based on the performance during 2014 (or, in the case of your termination, based on the
performance during 2014 and the projection for performance for the balance of 2014 as of your termination date pursuant to your Employment Agreement), then the amount of such excess may, in the discretion of the Compensation Committee, either (i)
result in a “loss carry forward” which shall be applied to the quarterly or year-to-date calculation of bonuses, salary, severance, consulting fees and / or other amounts payable in subsequent periods, or (ii) be required to be paid back
to the Company upon such request. 

  

	 	6.	All objectives are based on West Corporation’s and its affiliates’ consolidated operations. NOI PC&A, Net Operating Income, Revenue and Adjusted EBITDA
arising from mergers, acquisitions and joint ventures may be included in your bonus calculations on a case by case basis, as determined by the Compensation Committee. 


 

	 	7.	At the discretion of the Compensation Committee, you may receive an additional bonus based on the Company’s and your individual performance.


  

	
	    /s/ Todd Strubbe
	Employee – Todd Strubbe