<PAGE>
                                                                    Exhibit 10.1


                              AMENDED AND RESTATED
                         EXECUTIVE EMPLOYMENT AGREEMENT

         This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the "Agreement") is
dated effective as of the 1st day of January, 2001 (the "Effective Date"),
between Superior TeleCom Inc., a Delaware corporation ("Parent"), Superior
Telecommunications Inc., a Delaware corporation (the "Company", together with
the Parent and its affiliated companies, the "Employer") which is a wholly owned
subsidiary of Parent and Steven S. Elbaum (the "Executive").

                               W I T N E S S E T H

         WHEREAS, the Parent and the Executive have previously entered into an
employment agreement dated October 17, 1996 (the "Employment Agreement");

         WHEREAS, the Executive is currently employed as the Chief Executive
Officer of the Parent and serves as Chairman of the Board of Directors of the
Parent (the "Board") and has and will continue to provide services to the Parent
and the Company and all of it operational businesses;

         WHEREAS, the Executive is also the Chief Executive Officer of The
Alpine Group, Inc. ("Alpine"), pursuant to an employment agreement dated April
26, 1996, and serves as Chairman of the Board of Directors of Alpine and has
been responsible for all of Alpine's businesses;

         WHEREAS, Alpine has requested, and the Parent and the Company desire
that the Executive shift his time and focus to a substantially full time
commitment to the office of Chief Executive Officer of Parent;

         WHEREAS, the Parent and the Executive desire to amend and restate the
Employment Agreement; and

         WHEREAS, the parties hereto desire to set forth in writing the terms
and conditions of their understandings and agreements.

         NOW THEREFORE, in consideration of the foregoing, of the mutual
promises contained herein and of other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree to make the commitments, inducements and other considerations
described herein:



<PAGE>

         1. POSITION/DUTIES.

                  (a) During the Employment Term, the Executive shall serve as
the Chief Executive Officer and Chairman of the Board of the Parent and the
Company with the responsibility and authority to manage and supervise the
operations of the Parent, the Company, any subsidiary thereof or a successor to
the Employer in the ordinary course of its business and shall have such
responsibilities, duties and authority as are generally associated with each
such position. The Executive's services shall be performed primarily at the
Parent's headquarters office in the New York City metropolitan area or, if so
agreed, as otherwise mutually agreed in writing between the Executive and the
Parent.

                  (b) During the Employment Term, and excluding any periods of
vacation and sick leave to which the Executive is entitled, the Executive agrees
to devote reasonable attention and time during normal business hours to the
business and affairs of the Employer and, to the extent necessary to discharge
the responsibilities assigned to the Executive hereunder, to use the Executive's
reasonable best efforts to perform faithfully and efficiently such
responsibilities. During the Employment Term, it shall not be a violation of
this Agreement for the Executive to (A) serve on corporate, civic or charitable
boards or committees, (B) deliver lectures, fulfill speaking engagements or
teach at educational institutions and (C) manage personal investments, so long
as such activities do not significantly interfere with the performance of the
Executive's responsibilities as an employee of the Employer in accordance with
this Agreement and are not directly competitive with the operating businesses of
the Employer. The parties hereto acknowledge and agree that the Executive also
serves, and shall be entitled to continue to serve, as the Chief Executive
Officer and Chairman of the Board of Directors of Alpine and that he shall be
permitted to allocate his time and efforts between the Employer and Alpine as he
sees fit in his good faith business judgment. In addition, the Employer hereby
acknowledges that the Executive shall be entitled to continue serving as a
member of the board of directors of Spherion Corporation and as a member of the
board of directors of, and/or consultant to, PolyVision Corporation. The Parent
shall continue to nominate the Executive as a director of the Parent during the
term hereof consistent with the Parent's By-Laws.

                  (c) Notwithstanding anything to the contrary in this Section
1, the Executive agrees to serve without additional compensation, if elected or
appointed thereto, as a director of the Parent and any of its subsidiaries,
provided that the Executive is indemnified for serving in any and all such
capacities.

         2. EMPLOYMENT TERM. The Executive's term of employment under this
Agreement (such term of employment is herein referred to as the "Employment
Term") shall be for a term commencing on the Effective Date and terminating,
unless otherwise terminated by either party as provided in Section 8, three
years thereafter, provided that (unless otherwise terminated by either party as
provided in Section 8), effective as of January 1, 2002 and each anniversary
thereof, the Employment Term shall be automatically extended for successive
additional one year periods. In no event, however, shall the Employment Term
extend beyond the end of the month in which the Executive's sixty-fifth birthday
occurs.

                                      -2-

<PAGE>


         3. BASE SALARY. During the Employment Term, the Employer agrees to pay
the Executive a base salary ("Base Salary") at an annual rate of not less than
$725,000 or such higher rate as may from time to time by determined by the
Board, payable in substantially equal installments in accordance with the normal
payroll practices of the Employer. The Executive's Base Salary shall be subject
to annual review by the Board and shall be increased as of each anniversary of
the Effective Date pursuant to such review by a percentage no less than the
percentage increase in the consumer price index, as published by the Bureau of
Labor Statistics of the U.S. Department of Labor, for the calendar year
immediately preceding such review. Any increase in Base Salary shall not serve
to limit or reduce any other obligation to the Executive under this Agreement.
Base Salary shall not be reduced after any such increase and the term Base
Salary as utilized in this Agreement shall refer to Base Salary as so increased.

         4. ANNUAL BONUS. During the Employment Term, in addition to the Base
Salary, the Employer will pay the Executive an annual cash bonus (the "Annual
Bonus") within 90 days following the last day of the Parent's fiscal year for
which the Annual Bonus is awarded pursuant to the Parent's Senior Management
Annual Incentive Plan; provided however, on or after a Change of Control (as
defined in Appendix A), the Annual Bonus shall be at least equal to the greater
of $1,000,000 or the Executive's highest cash bonus under the Employer's annual
cash bonus program, or any comparable cash bonus under any predecessor or
successor plan, for the last three full fiscal years prior to a Change of
Control.

         5. EMPLOYEE BENEFITS

                  (a) WELFARE BENEFITS. During the Employment Term, the
Executive and/or the Executive's family, as the case may be, shall be eligible
for participation in and shall receive all benefits under welfare benefit plans,
practices, policies and programs provided by the Employer (including, without
limitation, medical, prescription, dental, disability, salary continuance,
employee life, group life, accidental death and travel accident insurance plans
and programs) to the extent applicable generally to the most senior executives
of the Employer, but in no event shall such plans, practices, policies and
programs provide the Executive with benefits which are materially less
favorable, in the aggregate, than the most favorable of such plans, practices,
policies and programs in effect for the Executive as of the date hereof or, if
more favorable to the Executive, those provided generally at any time to any
other executive of the Employer. Without limiting the foregoing, the Executive
shall be entitled to reimbursement of any unreimbursed medical expenses under
the executive medical reimbursement program to be instituted by the Employer
consistent with the similar program in effect at Alpine immediately prior to the
Effective Date.


                                      -3-
<PAGE>

                  (b) INCENTIVE, SAVINGS AND RETIREMENT PLANS. During the
Employment Term, the Executive shall be entitled to participate in all
incentive, savings and retirement plans, practices, policies and programs
applicable generally to the most senior executives of the Employer. In addition,
the Employer covenants to adopt on or before the tenth day following the date of
the execution of this Agreement, and, effective as of the Effective Date, to
name the Executive as a participant in, a Senior Executive Retirement Plan (the
"SERP") substantially in the form as the Alpine Senior Executive Retirement Plan
in effect on December 31, 2000. For purposes of determining the amount of the
Executive's vested rights under the SERP as of the Effective Date (but not with
regard to the calculation of the Executive's benefit under the SERP), the
Executive shall be treated as having completed 10 years of service with the
Employer.

                  (c) FRINGE BENEFITS.  During the Employment Term:

                           (i) The Employer shall reimburse the Executive for
         the reasonable expenses incurred by the Executive in undergoing an
         annual physical examination by a licensed physician.

                           (ii) The Employer shall reimburse the Executive for
         membership fees, dues and special assessments incurred by the Executive
         in connection with his membership in a country club.

                           (iii) The Employer shall reimburse the Executive for
         the reasonable expenses incurred by the Executive in connection with
         obtaining professional tax and financial planning advice.

                  (d) VACATION. During the Employment Term, the Executive shall
be entitled to paid vacation of four weeks per year, any unused portion of which
shall be forfeited as of the end of each year.

                  (e) EXPENSES. During the Employment Term, the Executive shall
be entitled to receive prompt reimbursement for all reasonable and customary
expenses incurred by the Executive in performing services hereunder, including
(i) all expenses of travel and living expenses while away from home or business
or at the request of and in the service of the Employer and (ii) an automobile
and a driver, plus all expenses of maintaining and operating the automobile,
provided that all such expenses are accounted for in accordance with the
policies and procedures established by the Employer, or a monthly cash allowance
in lieu thereof.

                  (f) DISABILITY OFFSET. Payments made to the Executive pursuant
to this Section 5 shall be reduced by the sum of the amounts, if any, payable to
the Executive at or prior to the time of any such payment under disability
benefit plans of the Employer or under the Social Security disability insurance
program, and which amounts were not previously applied to reduce any such
payments.

         6. STOCK OPTIONS.


                                      -4-
<PAGE>

                  (a) NEW OPTION GRANT. On the Effective Date or as soon as
administratively practicable thereafter (the "Grant Date"), the Stock Option
Committee of the Board will grant to the Executive an option (the "Option") to
purchase 677,612 shares of the Parent's common stock, par value $.01 (the
"Common Stock") under the Parent's 1996 Stock Option Plan as may be in effect
from time to time (the "1996 Stock Option Plan") at an exercise price equal to
the fair market value (as defined in the 1996 Stock Option Plan) of the Common
Stock on the Grant Date. The Option shall, to the maximum extent permitted by
applicable law, be designated as an incentive stock option within the meaning of
Section 422 of the Internal Revenue Code of 1986, as amended (the "Code") and to
the extent not allowable, the Option shall be a non-qualified stock option. To
the extent that there is an insufficient number of shares of Common Stock
available for awards granted under the 1996 Stock Option Plan and the Parent has
not obtained stockholder approval of an amendment to the 1996 Stock Option Plan
to increase the number of shares of Common Stock available for awards granted
under the 1996 Stock Option Plan, the Option shall be conditioned upon the
Parent obtaining stockholder approval of such an amendment. The Parent
undertakes to propose, and recommend that the stockholders of the Parent
approve, an amendment to the 1996 Stock Option Plan to increase the number of
shares of Common Stock available for awards granted under the 1996 Stock Option
Plan at the next annual stockholder meeting of the Parent, which is to be held
not later than June 15, 2001. Alpine, the majority stockholder of the Parent,
will confirm in writing to the Parent that it would vote in favor of such an
amendment.

                  (b) REPLACEMENT OPTION. On the Effective Date or as soon as
administratively practicable thereafter (the "Cancellation Date"), the Stock
Option Committee of the Board shall (i) cancel the outstanding stock options
held by the Executive to purchase 572,388 shares of Common Stock under the 1996
Stock Option Plan and (ii) immediately grant to the Executive an option under
the 1996 Stock Option Plan to purchase 572,388 shares of Common Stock (the
"Replacement Option"). The Replacement Option shall have an exercise price equal
to the fair market value (as defined in the 1996 Stock Option Plan) of the
Common Stock on the date the Replacement Option grant is made, have the same
exercise conditions (including methods of exercise) as the cancelled stock
options and expire on the tenth anniversary of the Cancellation Date. The
Executive hereby expressly consents to the aforementioned cancellation of the
572,388 stock options pursuant to this Section 6(b). To the extent that there is
an insufficient number of shares of Common Stock available for awards granted
under the 1996 Stock Option Plan and the Parent has not obtained stockholder
approval of an amendment to the 1996 Stock Option Plan to increase the number of
shares of Common Stock available for awards granted thereunder, the Replacement
Option shall be conditioned upon the Parent obtaining stockholder approval of
such an amendment. The Parent undertakes to propose, and recommend that the
stockholders of the Parent approve, an amendment to the 1996 Stock Option Plan
to increase the number of shares of Common Stock available for awards granted
under the 1996 Stock Option Plan at the next annual stockholder meeting of the
Parent, which is to be held not later than June 15, 2001. Alpine, the majority
stockholder of the Parent, will confirm in writing to the Parent that it would
vote in favor of such an amendment.

                  (c) VESTING. The Option and the Replacement Option shall each
vest and become exercisable in installments as provided herein, which shall be
cumulative. Subject to the

                                      -5-
<PAGE>

terms in this Section 6, the Option and the Replacement Option shall each vest
and become exercisable in equal annual installments of 33_% each, on the first,
second and third anniversary of the Grant Date, with respect to the Option, and
on the first, second and third anniversary of the Cancellation Date with respect
to the Replacement Option, provided the Executive is employed by the Employer on
each such vesting date. In the event of the Executive's termination of
employment (i) by the Executive other than because of death, Disability (as
defined below) or Good Reason or (ii) by the Employer for Cause, all stock
options to purchase shares of Common Stock (including, without limitation, the
Option and the Replacement Option) not theretofore exercisable will lapse and be
forfeited. In the event the Executive's employment is terminated for any other
reason, including, without limitation, a termination because of death or
Disability, Good Reason or without Cause, all stock options to purchase shares
of Common Stock (including, without limitation, the Option and the Replacement
Option) not theretofore exercisable will thereupon become exercisable.

                  (d) FORM OF OPTION. The Option and the Replacement Option
shall be granted pursuant to and, to the extent not contrary to the terms of
this Agreement, shall be subject to all of the terms and conditions imposed
under the Parent's standard stock option agreement and the 1996 Stock Option
Plan or any other stock option plan sponsored by Parent.

                  (e) DISCRETIONARY GRANTS. In addition to the Option and
Replacement Option grants, at the sole discretion of the Board (or a duly
authorized committee thereof), the Executive shall be eligible for additional
annual grants of stock options commencing after December 31, 2002.

                  (f) REPURCHASE RIGHT. (i) General. The Replacement Option
granted to the Executive pursuant to Section 6(b) shall be subject to a right of
repurchase ("Repurchase Right") by the Parent under this Section 6(f). The
Repurchase Right entitles the Parent to repurchase, in accordance with the
provisions of this Section 6(f), 100% of the then unexercised portion of the
Replacement Option (whether vested or unvested) held by the Executive. If the
Parent elects to exercise its Repurchase Right, it shall be required to pay the
Executive the Repurchase Price, in the amount and manner described herein, for
the Replacement Option. The Repurchase Right may not be exercised by the Parent
more than one time or with respect to less than all of the unexercised portion
of the Replacement Option (whether vested or unvested) held by the Executive. If
the Repurchase Right is exercised by the Parent, it must be exercised with
respect to 100% of the unexercised portion of the Replacement Option (whether
vested or unvested) held by the Executive. The provisions of this Section 6(f)
shall be contained in the written option award agreement to be entered into
between the Executive and the Parent with respect to the Replacement Option.

                           (ii) Exercise of Repurchase Right. The Parent may
exercise its Repurchase Right by providing written notice to the Executive which
shall advise the Executive that it is exercising its Repurchase Right with
respect to the Replacement Option and such notice shall also state the closing
date and time for the exercise of the Repurchase Right and payment of the
Repurchase Price, which date shall be no later than 15 days following the Notice
Date, as defined herein. The date that the Parent provides written notice of its
intent to exercise the Replacement Option shall be referred to hereinafter as
the "Notice Date." The Executive shall


                                      -6-
<PAGE>

have ten days following the Notice Date to exercise all or any portion of the
vested Replacement Option.

                           (iii) Repurchase Price. If the Parent elects to
exercise its Repurchase Right with respect to the Replacement Option it shall be
required to pay the Executive the repurchase price ("Repurchase Price") for the
Replacement Option. The Repurchase Price shall be a dollar amount equal to the
sum of (x) the Fair Market Value, as defined herein, of all shares of the Common
Stock covered by the Replacement Option subject to the Repurchase Right reduced
by the aggregate exercise price of the Replacement Option plus (y) a dollar
amount which reflects the additional value, if any, of the Replacement Option as
determined by the Board of Directors of the Parent (or an authorized committee
thereof) in its sole discretion which value may be based on an adjusted
Black-Scholes basis or such other method determined by the Board of Directors of
the Parent (or an authorized committee thereof) in its sole discretion.
Notwithstanding the foregoing provisions of this Section 6(f)(iii), the
Repurchase Price paid for the repurchase of a Replacement Option shall in no
event be computed on the basis of a Fair Market Value of less than $6.00 per
share of the Common Stock plus the exercise price of the Replacement Option. For
purposes of this Section 6(f), the term "Fair Market Value" shall mean the
average of the closing price reported for the Common Stock, as reported by the
principal national securities exchange in the United States on which it is then
traded or if not traded on any national securities exchange, as quoted on an
automated quotation system sponsored by the National Association of Securities
Dealers, during the twenty (20) trading days immediately preceding the Notice
Date.

                           (iv) Payment of Repurchase Price. The Parent shall
pay the Executive the Repurchase Price pursuant to any of the following methods:
(A) cash payment; (B) Cash Equivalents, as defined herein; (C) restricted shares
of Common Stock which shall be subject to a three year annual vesting schedule
commencing on the closing date of the Parent's exercise of its Repurchase Right
and where one-third portion of the restricted stock shall be fully vested on the
repurchase closing date and the balance of the shares shall become fully vested
in equal installments of 33-1/3% each, on the first and second anniversaries of
the closing date; or (D) any combination of any of the foregoing methods. For
purposes of this Section 6(f), the term "Cash Equivalent" shall mean any of the
following: (i) securities issued or directly and fully guaranteed or insured by
the United States of America ("U.S.") or any agency or instrumentality thereof
provided the full faith and credit of the U.S. is pledged in support thereof;
(ii) certificates of deposit of any commercial bank in the U.S. having capital
and surplus in an aggregate amount of not less than $500,000,000 (hereinafter,
an "Approved Bank") and with maturities of not more than twelve months from the
date of acquisition; (iii) U.S. Dollar denominated commercial paper issued by an
Approved Bank with maturities of not more than twelve months after the date of
acquisition; and (iv) investments in money market funds substantially all the
assets of which are comprised of securities of the types described in (i)
through (iii) herein.

                           (v) Expiration of Repurchase Price. The Parent's
Repurchase Right shall automatically expire and terminate on July 1, 2002.

                  (g) ELIGIBILITY FOR DEFERRAL. The Option, Replacement Option
and any restricted shares of Common Stock subject to a vesting schedule that are
provided to the

                                      -7-
<PAGE>

Executive under Section 7(a) of this Agreement shall be eligible for deferral by
the Executive under the Parent's Deferred Stock Account Plan in accordance with
the terms and provisions of such plan. In addition, if the Parent exercises its
Repurchase Right with respect to the Replacement Option held by the Executive,
the proceeds received by the Executive from the Parent following such exercise
shall be eligible for deferral by the Executive under the Parent's Deferred Cash
Account Plan, to the extent the proceeds are paid in cash or Cash Equivalents,
and shall be eligible for deferral under the Parent's Deferred Stock Account
Plan, to the extent the proceeds are paid in restricted shares of Common Stock
under Section 6(f)(iv) of this Agreement. Deferrals made by the Executive under
the Parent's Deferred Cash Account Plan shall be subject to the terms and
provisions of such plan.

         7. RESTRICTED STOCK.

                  (a) GRANT. As of January 2, 2001, the Stock Option Committee
of the Board has granted to the Executive 350,000 restricted shares of Common
Stock, which restricted shares have been set aside in the custody, control and
possession of the Parent and have and will be released to the Executive at the
rate of 25% on January 2, 2002, 25% on January 2, 2003 and 50% on January 2,
2004. In the event of the Executive's termination of employment prior to the
third anniversary of the Effective Date (i) by the Executive other than because
of death, Disability (as defined below) or Good Reason or (ii) by the Employer
for Cause, then the scheduled releases on any subsequent anniversary of the
Effective Date shall be cancelled and all restricted shares of Common Stock not
theretofore released shall be forfeited by the Executive and shall be cancelled
and retired by the Parent. In the event the Executive's employment is terminated
for any other reason prior to the third anniversary of the Effective Date,
including, without limitation, a termination because of death or Disability,
Good Reason or without Cause, all restricted shares of Common Stock (including,
without limitation, restricted shares of Common Stock granted pursuant to this
Section 7(a)) not theretofore released shall thereupon become released.

                  (b) TAX LOAN. Not less than 10 days prior to the due date of
the Executive's federal income tax payment for every taxable year of the
Executive in which his income tax liability is increased by or as a result of
the grant of restricted shares of Common Stock pursuant to Section 7(a) hereof,
the Employer shall lend to the Executive an amount equal to such increased tax
liability. The Employer and the Executive shall enter into an appropriate
agreement providing for the repayment by the Executive of such loan, which
agreement shall provide that (i) if the principal amount of such loan (together
with the aggregate outstanding amount of other loans between the Employer and
the Executive) exceeds the de minimis amount set forth in Section 7872(c)(3) of
the Code, then such loan shall bear interest at a rate not less than the
applicable Federal rate determined in accordance with Section 7872(f)(2) of the
Code (or any successor provision thereof) and (ii) if the Executive disposes of
any of the shares of restricted Common Stock prior to the third anniversary of
the date any loan is advanced to the Executive pursuant to this Section 7(b),
the principal balance of the loan shall become immediately due and payable in
cash or shares of Common Stock owned by the Executive for a period of at least
six months or such other period necessary to avoid a charge, for accounting
purposes, against the Employer's earnings as reported in the Employer's
financial statements.

                                      -8-
<PAGE>

The Parent's Stock Option Committee of the Board has approved the delivery of
previously owned shares of Common Stock held for at least six months by the
Executive to satisfy his obligation to repay the loan advanced to the Executive
pursuant to this Section 7(b).

         8. TERMINATION. The Executive's employment and the Employment Term
shall terminate on the first of the following to occur:

                  (a) DISABILITY. Upon 90 days' written notice by the Employer
to the Executive of termination due to Disability during the Employment Term,
provided that, within the 90 days after such receipt, the Executive shall not
have returned to full-time performance of the Executive's duties. For purposes
of this Agreement, "Disability" shall mean the absence of the Executive from the
Executive's duties with the Employer on a full-time basis for 180 consecutive
days (or such shorter period as will suffice for the Executive to qualify for
full disability benefits under the applicable disability insurance policy or
policies of the Employer) as a result of incapacity due to mental or physical
illness which is determined to be total and permanent by a physician selected by
the Employer or its insurers and reasonably acceptable to the Executive or the
Executive's legal representative.

                  (b) DEATH. Automatically on the date of death of the Executive
during the Employment Term.

                  (c) CAUSE. Immediately upon written notice by the Employer to
the Executive of a termination for Cause during the Employment Term provided,
such notice is given within 90 days of the Board's discovery of the Cause event.
For purposes of this Agreement, "Cause" shall mean:

                           (i) the willful and continued failure of the
         Executive to perform substantially the Executive's duties pursuant to
         this Agreement (other than any such failure resulting from incapacity
         due to physical or mental illness), after a written demand for
         substantial performance is delivered to the Executive by the Board
         which specifically identifies the manner in which the Board believes
         that the Executive has not substantially performed the Executive's
         duties; or

                           (ii) the willful engaging by the Executive in illegal
         conduct or gross misconduct which is materially and demonstrably
         injurious to the Employer.

For purposes of this provision, no act or failure to act, on the part of the
Executive, shall be considered "willful" unless it is done, or omitted to be
done, by the Executive in bad faith or without reasonable belief that the
Executive's action or omission was in the best interests of the Employer. Any
act, or failure to act, based upon authority given pursuant to a resolution duly
adopted by the Board or based upon the advice of counsel for the Employer shall
be conclusively presumed to be done, or omitted to be done, by the Executive in
good faith and in the best interests of the Employer. The cessation of
employment of the Executive shall not be deemed to be for Cause unless and until
there shall have been delivered to the Executive a copy of a resolution duly
adopted by the affirmative vote of not less than three-quarters of the entire
membership of the Board at a meeting of the Board called and held for such
purpose (after

                                      -9-
<PAGE>

reasonable notice is provided to the Executive and the Executive is given an
opportunity, together with counsel, to be heard before the Board), finding that,
in the good faith opinion of the Board, the Executive is guilty of the conduct
described in subparagraph (i) or (ii) above, and specifying the particulars
thereof in detail.

                  (d) WITHOUT CAUSE. Upon 60 days' written notice by the
Employer to the Executive of an involuntary termination without Cause during the
Employment Term. A notice by the Employer of non-renewal of the Employment Term
pursuant to Section 2 above shall be deemed an involuntary termination of the
Executive by the Employer without Cause.

                  (e) GOOD REASON. Upon written notice by the Executive to the
Employer of a termination for Good Reason during the Employment Term provided,
such notice is given within 90 days of the Executive's discovery of the Good
Reason event. For purposes of this Agreement, "Good Reason" shall mean:

                           (i) the assignment to the Executive of any duties
         inconsistent with the Executive's position (including status, offices,
         titles and reporting requirements), authority, duties or
         responsibilities as the Chairman and Chief Executive Officer of the
         Parent as contemplated by Section 1(a) of this Agreement (or, in the
         event of a Business Combination (as defined in paragraph (c) of Exhibit
         A), Chief Executive Officer of the corporation resulting from such
         Business Combination (including, without limitation, a corporation
         which as a result of such transaction owns the Parent or all or
         substantially all of the Parent's assets either directly or through one
         or more subsidiaries)), or any other action by the Employer which
         results in a diminution in such position, authority, duties or
         responsibilities, excluding for this purpose isolated, insubstantial
         and inadvertent action(s) not taken in bad faith and remedied by the
         Employer promptly after receipt of notice thereof given by the
         Executive;

                           (ii) any failure by the Employer to comply with any
         of the provisions of Sections 3, 4, 5, 6, 7, 8, 9, 10 or 11 of this
         Agreement or any other failure with regard to a material provision of
         this Agreement, other than isolated, insubstantial and inadvertent
         failure(s) not occurring in bad faith and remedied by the Employer
         promptly after receipt of notice thereof given by the Executive;

                           (iii) the Employer's requiring the Executive to be
         based at any office or location other than as provided in Section 1(a);

                           (iv) any termination by the Employer of the
         Executive's employment otherwise than as expressly permitted by this
         Agreement;

                           (v) any failure by the Employer to comply with and
         satisfy Section 16(a) of this Agreement;

                           (vi) the failure to appoint or elect the Executive to
         the Board at any time on or after the Effective Date or the removal of
         the Executive therefrom;

                                      -10-
<PAGE>

                           (vii) during any Transition Period (as defined in
         Section 9(a)), any failure of the Employer to continue in effect any
         health or welfare plan, employee benefit plan, pension plan, fringe
         benefit plan, vacation or compensation plan, arrangement or program in
         which the Executive (and eligible dependents) are participating at any
         time during the 120-day period immediately preceding the Change of
         Control or, if more favorable to the Executive, those provided
         generally at any time after the Change of Control to any other
         executive of the Employer and their beneficiaries, unless the Executive
         (and eligible dependents) are permitted to participate in other plans
         providing the Executive (and eligible dependents) with substantially
         comparable benefits at no greater after-tax cost to the Executive (and
         eligible dependents), or the taking of any action by the Employer which
         would adversely affect the Executive's (and eligible dependents)
         participation in or reduce the Executive's (and eligible dependents)
         benefits under any such plan;

                           (viii) during any Transition Period, any failure of
         the Employer to provide the Executive with an office or offices of a
         size and with furnishings and other appointments, and to personal
         secretarial and other assistance, at least equal to the most favorable
         of the foregoing provided to the Executive by the Employer at any time
         during the 120-day period immediately preceding the Change of Control
         or, if more favorable to the Executive, those provided generally at any
         time after the Change of Control to any other executive of the
         Employer; or

                           (ix) any termination by the Executive during the
         30-day period immediately following the date which is six months after
         any Change of Control.

For purposes of this Agreement, any good faith determination of "Good Reason"
made by the Executive shall be conclusive.

                  (f) WITHOUT GOOD REASON. Upon 120 days' written notice by the
Executive to the Employer of the Executive's voluntary termination of employment
without Good Reason (which the Employer may, in its sole discretion, make
effective earlier than any notice date).

                  (g) NOTICE OF TERMINATION. Any termination of the Executive's
employment by the Employer or by the Executive (other than termination by reason
of the Executive's death) shall be communicated by written Notice of Termination
to the other party hereto in accordance with Section 17 hereof. For purposes of
this Agreement, a "Notice of Termination" means a written notice which (i)
indicates the specific termination provision in this Agreement relied upon (ii)
other than in connection with a termination pursuant to Section 8(d), to the
extent applicable, sets forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of the Executive's employment under
the provision so indicated and (iii) if the date of termination is other than
the date of receipt of such notice, specifies the termination date. The good
faith failure by the Executive or the Employer to set forth in the Notice of
Termination any fact or circumstance which contributes to a showing of Good
Reason or Cause shall not waive any right of the Executive or the Employer,
respectively, hereunder or preclude the Executive or the Employer, respectively,
from asserting such fact or circumstance in


                                      -11-
<PAGE>

enforcing the Executive's or the Employer's rights hereunder. If within 30 days
after any Notice of Termination is given the party receiving such Notice of
Termination notifies the other party that a dispute exists concerning the
termination, the date of termination shall be the date on which the dispute is
finally determined, either by mutual written agreement of the parties, by a
binding and final arbitration award or by a final judgment, order or decree of a
court of competent jurisdiction (the time for appeal therefrom having expired
and no appeal having been perfected).

         9 COMPENSATION UPON TERMINATION.

                  (a) COMPENSATION UPON TERMINATION FOR DISABILITY. If the
Executive's employment by the Employer is terminated by reason of the
Executive's Disability during the Employment Term, the Employer shall pay the
Executive an amount equal to the sum of (i) the Executive's Base Salary through
the date of termination to the extent not theretofore paid, (ii) the product of
(x) the Annual Bonus paid or payable, including any bonus or portion thereof
which has been earned but deferred, for the most recently completed fiscal year
during the Employment Term or, if the Executive's termination of employment
occurs during the first year of the Employment Term, $500,000 (the "Annual Bonus
Amount"), multiplied by (y) a fraction, the numerator of which is the number of
days in the current fiscal year through the date of termination, and the
denominator of which is 365, (iii) any compensation previously deferred by the
Executive (together with any accrued interest or earnings thereon) and any
accrued vacation pay, in each case to the extent not theretofore paid and (iv)
reimbursement for any unreimbursed expenses incurred through the date of
termination (the sum of the amounts described in clauses (i), (ii), (iii) and
(iv)) shall be referred to in this Agreement as the "Accrued Obligations"). In
addition to the Accrued Obligations, the Employer shall pay the Executive an
amount equal to two times the sum of (i) the Executive's Base Salary in effect
immediately prior to termination and (ii) the Executive's Annual Bonus Amount.
The Accrued Obligations and the amount described in the immediately preceding
sentence shall be paid to the Executive in a lump sum in cash within 30 days of
the date of termination.

                  In addition, to the extent not theretofore paid or provided,
the Employer shall timely pay or provide to the Executive's legal
representatives any other amounts or benefits required to be paid or provided or
which the Executive is eligible to receive under any plan, program, policy or
practice or contract or agreement of the Employer (such other amounts and
benefits shall be referred to in this Agreement as the "Other Benefits").
Notwithstanding the foregoing, if the Executive's employment by the Employer is
terminated by reason of the Executive's Disability during the period commencing
six months prior to a Change of Control and ending on the third anniversary of a
Change of Control (the "Transition Period"), the term "Other Benefits" shall
include, and the Executive shall be entitled after the date of termination to
receive, disability and other benefits at least equal to the most favorable of
those generally provided by the Employer to disabled executives and/or their
families in accordance with such plans, programs, practices and policies
relating to disability, if any, as in effect generally with respect to any other
executives and their families at any time during the 120-day period immediately
preceding the Change of Control or, if more favorable to the Executive and/or
the

                                      -12-
<PAGE>

Executive's family, as in effect at any time thereafter generally with respect
to any other executive of the Employer and their families.

                  Notwithstanding the foregoing, the Employer shall maintain, at
the Employer's sole expense, in full force and effect, for the continued benefit
of the Executive for the number of years (or partial years) remaining in the
Employment Term as of the date of termination (without additional extension)
following the date of termination, all employee welfare benefit plans and
programs (including, without limitation, the Employer's executive medical
reimbursement program) in which the Executive was entitled to participate
immediately prior to the date of termination provided that the Executive's
continued participation is possible under the general terms and provisions of
such plans and programs ("Continued Welfare Benefits"). In the event that the
Executive's participation in any such plan or program is barred, the Employer
shall arrange to provide the Executive with benefits substantially similar to
those which the Executive would otherwise have been entitled to receive under
such plans and programs from which his continued participation is barred.

                  (b) COMPENSATION UPON TERMINATION FOR DEATH. If the
Executive's employment by the Employer is terminated by reason of the
Executive's death during the Employment Term, the Employer shall (i) pay the
Accrued Obligations and an amount equal to the sum of the Executive's Base
Salary in effect immediately prior to termination and the Annual Bonus Amount to
the Executive's legal representatives in a lump sum in cash within 30 days of
the date of termination; (ii) timely pay or provide the Other Benefits; and
(iii) timely pay or provide the Continued Welfare Benefits for twelve months
following the date of termination. Notwithstanding the foregoing, if the
Executive's employment by the Employer is terminated by reason of the
Executive's death during the Transition Period, the term Other Benefits shall
include, without limitation, and the Executive's estate and/or beneficiaries
shall be entitled to receive, benefits at least equal to the most favorable
benefits provided by the Employer to the estates and beneficiaries of the most
senior executives of the Employer under such plans, programs, practices and
policies relating to death benefits, if any, as in effect with respect to any
other executive and their beneficiaries at any time during the 120-day period
immediately preceding the Change of Control or, if more favorable to the
Executive's estate and/or the Executive's beneficiaries, as in effect on the
date of the Executive's death with respect to any other executive of the
Employer and their beneficiaries.

                  (c) COMPENSATION UPON TERMINATION FOR CAUSE. If the
Executive's employment is terminated for Cause during the Employment Term, this
Agreement shall terminate without further obligation to the Executive, except
that the Employer shall pay or provide the Executive the sum of (i) the
Executive's Base Salary through the date of termination, (ii) the amount of any
compensation previously deferred by the Executive and (iii) Other Benefits, in
each case to the extent theretofore unpaid.

                  (d) COMPENSATION UPON TERMINATION WITHOUT GOOD REASON. If the
Executive's employment is terminated by the Executive without Good Reason during
the Employment Term, this Agreement shall terminate without further obligation
to the Executive, except that the Employer shall (i) pay the Accrued Obligations
to the Executive in a

                                      -13-
<PAGE>

lump sum in cash within 30 days of the date of termination; and (ii) timely pay
or provide the Other Benefits.

                  (e) COMPENSATION UPON TERMINATION WITHOUT CAUSE OR FOR GOOD
REASON. If the Executive's employment by the Employer is terminated by the
Employer other than for Cause in accordance with Section 8(d) hereof or by the
Executive for Good Reason in accordance with Section 8(e) hereof (i) the
Employer shall pay to the Executive a lump sum in cash within 30 days of the
date of termination in an amount equal to (x) the sum of (1) the Base Salary in
effect immediately prior to termination and (2) the greater of the Annual Bonus
paid or payable, including any bonus or portion thereof which has been earned
but deferred, for the most recently completed fiscal year during the Employment
Term or, if the Executive's termination of employment occurs during the first
year of the Employment Term, $500,000, multiplied by the number of years (or
partial years) remaining in the Employment Term as of the date of termination
(without additional extension), plus (y) the Accrued Obligations; (ii) the
Employer shall timely pay or provide the Other Benefits; and (iii) the Employer
shall continue to comply with its obligations under Section 7(b) without regard
to such termination. Notwithstanding the foregoing, if the Executive's
employment by the Employer is terminated by the Executive for Good Reason in
accordance with Section 8(e)(vi), the Executive shall be entitled to receive the
payments and benefits described in Section 9(f) in lieu of the payments and
benefits described in this Section 9(e), regardless of whether a Change of
Control has occurred.

                  (f) COMPENSATION UPON TERMINATION WITHOUT CAUSE OR FOR GOOD
REASON FOLLOWING A CHANGE OF CONTROL. If the Executive's employment by the
Employer is terminated by the Employer without Cause or by Executive for Good
Reason at any time during the Transition Period (as defined in Section 9(a)),
then the Employer shall pay or provide the Executive with the following payments
and benefits as soon as practical following the later of the date of the
Executive's termination or the date of the Change of Control but in no event
later than 30 days following the Change of Control (except as specifically
otherwise provided herein):

                           (i) the Employer shall pay to the Executive in a lump
         sum in cash within 30 days after the date of termination the aggregate
         of the following amounts:

                                    (A) Accrued Obligations;

                                    (B) a lump sum cash payment equal to four
                  times the sum of (x) Executive's Base Salary in effect
                  immediately prior to termination and (y) the greater of (1)
                  the highest Annual Bonus paid or payable to the Executive
                  during the three full fiscal years prior to the Change of
                  Control or (2) $1,000,000; and

                                    (C) an amount equal to the excess of (x) the
                  actuarial equivalent of the benefit under the Employer's
                  defined benefit retirement plans, including any excess or
                  supplemental retirement plan in which the Executive
                  participates (together, the "Retirement Plans") (utilizing
                  actuarial assumptions no less favorable to the Executive than
                  those in effect under the Retirement Plans

                                      -14-
<PAGE>

                  immediately prior to the Change of Control), which the
                  Executive would receive if the Executive's employment
                  continued for four years after the date of termination
                  assuming for this purpose that all accrued benefits are fully
                  vested, and, assuming that the Executive's compensation in
                  each of the four years is that required by Sections 3 and 4,
                  reduced by (y) the actuarial equivalent of the Executive's
                  actual benefit (paid or payable), if any, under the Retirement
                  Plans as of the date of termination.

                           (ii) for four years after the Executive's date of
         termination, or such longer period as may be provided by the terms of
         the appropriate plan, program, practice or policy, the Employer shall
         continue benefits to the Executive and/or the Executive's family at
         least equal to those which would have been provided to them in
         accordance with the plans, programs, practices and policies described
         in Section 5(a) of this Agreement (including, without limitation, the
         Employer's executive medical reimbursement program) if the Executive's
         employment had not been terminated or, if more favorable to the
         Executive, as in effect generally at any time thereafter with respect
         to any other executive of the Employer and their families, provided,
         however, that if the Executive becomes reemployed with another employer
         and is eligible to receive medical or other welfare benefits under
         another employer provided plan, the medical and other welfare benefits
         described herein shall be secondary to those provided under such other
         plan during such applicable period of eligibility. For purposes of
         determining eligibility (but not the time of commencement of benefits)
         of the Executive for retiree benefits pursuant to such plans,
         practices, programs and policies, the Executive shall be considered to
         have remained employed until four years after the date of termination
         and to have retired on the last day of such period;

                           (iii) the Employer shall pay for outplacement
         services the scope and provider of which shall be selected by the
         Executive in his sole discretion, and shall pay $10,000 per month for
         two years for reasonable office space and secretarial assistance for
         the Executive;

                           (iv) timely pay or provide the Other Benefits;

                           (v) the Employer shall cause all stock options to
         purchase shares of Common Stock (including, without limitation, the
         Option) and restricted shares of Common Stock held by or for the
         benefit of the Executive to become immediately fully vested and/or
         exercisable upon the occurrence of a Change of Control;

                           (vi) the Employer shall forgive all outstanding
         indebtedness of the Executive to the Employer under any loan
         arrangements or agreements entered into by the Employer and the
         Executive pursuant to Section 7(b) hereof; and

                           (vii) notwithstanding anything to the contrary in
         subparagraph (ii) above, for four years after the date of the
         Executive's termination, the Executive shall be entitled, consistent
         with past practice, to receive prompt reimbursement for the reasonable
         and customary expenses incurred by the Executive for an automobile and
         a driver, plus all

                                      -15-
<PAGE>

         expenses of maintaining and operating the automobile, or a monthly cash
         allowance in lieu thereof payable 12 months in advance upon submission
         of a statement of expenses by the Executive.

         10 EXCISE TAX. In the event that the Executive becomes entitled to
payments and/or benefits which would constitute "parachute payments" within the
meaning of Section 280G(b)(2) of the Code, the provisions of Exhibit B shall
apply.

         11 STOCK OPTIONS AND COMPANY STOCK.

                  (a) In the event of the Executive's death, whether his death
occurs during or after the Employment Term, all unexercised and exercisable
stock options to purchase shares of Common Stock (including, without limitation,
the Option) will be assigned to his estate.

                  (b) In the event of the termination of the employment of the
Executive for any reason, all unexercised and exercisable stock options
(including, without limitation, the Option) must be exercised by him, or his
estate (or heir(s)) as the case may be, before the second anniversary of the
termination of his employment, but in no event after the tenth anniversary of
the date of grant thereof, and any such stock options not exercised by that date
will lapse immediately thereafter.

                  (c) In the event of any change in the number of issued shares
of Common Stock resulting from a subdivision or consolidation of shares or other
capital adjustment, or the payment of a stock dividend, or other increase or
decrease in such shares, then appropriate adjustments in the terms of any
unexercised stock options shall be made by the Stock Option Committee of the
Board.

         12 NON-EXCLUSIVITY OF RIGHTS. Nothing in this Agreement shall prevent
or limit the Executive's continuing or future participation in any plan,
program, policy or practice provided by the Employer and for which the Executive
may qualify, nor, subject to Section 21, shall anything herein limit or
otherwise affect such rights as the Executive may have under any contract or
agreement with the Employer. Amounts which are vested benefits or which the
Executive is otherwise entitled to receive under any plan, policy, practice or
program of or any contract or agreement with the Employer at or subsequent to
the date of termination shall be payable in accordance with such plan, policy,
practice or program or contract or agreement except as explicitly modified by
this Agreement.

         13 LEGAL FEES.

                  (a) Following any termination of the Executive's employment
that gives rise to a right to payments and benefits under Section 9(f) or,
during the Transition Period, Sections 9(a) or 9(b), the Employer shall pay as
incurred, to the full extent permitted by law, all legal fees and expenses which
the Executive may reasonably incur as a result of any contest (regardless of the
outcome thereof) by the Employer, the Executive or others of the validity or
enforceability of, or liability under, any provision of this Agreement or any
guarantee of performance thereof (including as a result of any contest by the
Executive about the amount of any payment pursuant


                                      -16-
<PAGE>

to this Agreement), plus in each case interest on any delayed payment at the
applicable Federal rate provided for in Section 7872(f)(2)(A) of the Code.

                  (b) Following any termination of the Executive's employment
other than a termination of employment described in paragraph (a), above,
including, without limitation, any termination of employment under Section 9(a)
or (b) other than during the Transition Period, the Employer shall promptly
reimburse the Executive, to the extent permitted by law, for all reasonable
legal fees and expenses reasonably incurred by the Executive as a result of any
contest by the Employer or the Executive of the validity or enforceability of,
or liability under, any provisions of this Agreement or any guarantee of
performance thereof (including as a result of any contest by the Executive about
the amount of any payment pursuant to this Agreement), plus in each case
interest on any delayed payment at the applicable Federal rate provided for in
Section 7872(f)(2)(A) of the Code, provided, that such reimbursement shall be
limited to fees and expenses incurred in connection with the contest of issues
on which the Executive substantially prevails.

         14 NONCOMPETITION AND CONFIDENTIALITY.

                  (a) So long as the Executive is employed by the Employer under
this Agreement and unless this Agreement is terminated for any reason, the
Executive agrees not to enter into competitive endeavors.

                  (b) During the Employment Term and any period thereafter
during which or in respect of which the Executive receives payments from the
Employer under Section 10, the Executive shall hold in a fiduciary capacity for
the benefit of the Employer all secret or confidential information, knowledge or
data relating to the Employer, and their respective businesses, which shall have
been obtained by the Executive during the Executive's employment by the Employer
and which shall not be or become public knowledge (other than by acts by the
Executive or representatives of the Executive in violation of this Agreement).
After termination of the Executive's employment with the Employer, the Executive
shall not, without the prior written consent of the Employer or as may otherwise
be required by law or legal process, communicate or divulge any such
information, knowledge or data to anyone other than the Employer and those
designated by it. In no event shall an asserted violation of the provisions of
this Section 14 constitute a basis for deferring or withholding any amounts
otherwise payable to the Executive under Section 9(f) or, during the Transition
Period, Sections 9(a) or 9(b) of this Agreement.

         15 FULL SETTLEMENT. The Employer's obligation to make the payments
provided for in this Agreement and otherwise to perform its obligations
hereunder shall not be affected by any set-off, counterclaim, recoupment,
defense or other claim, right or action which the Employer may have against the
Executive or others. In no event shall the Executive be obligated to seek other
employment or take any other action by way of mitigation of the amounts payable
to the Executive under any of the provisions of this Agreement. Unless the
Executive's termination of employment gives rise to a right to payments and
benefits described in Section 9(f) or, during the Transition Period, Sections
9(a) or 9(b), if the Executive secures other employment, any benefits the
Employer is required to provide to the Executive following


                                      -17-
<PAGE>

termination of the Executive's employment shall be secondary to those provided
by another employer (if any). However, if the Executive's employment is
terminated such that the Executive has a right to payments and benefits under
Section 9(f) or, during the Transition Period, Sections 9(a) or 9(b), such
amounts shall not be reduced whether or not the Executive obtains other
employment.

         16 SUCCESSORS; BINDING AGREEMENT.

                  (a) The Parent will require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Parent, by agreement in
form and substance satisfactory to the Executive, to expressly assume and agree
to perform this Agreement in the same manner and to the same extent that the
Employer would be required to perform it if no such succession had taken place.
Failure of the Parent to obtain such assumption and agreement prior to the
effectiveness of any such succession shall be a breach of the Agreement and
shall entitle the Executive to compensation from the Employer in the same amount
and on the same terms as he would be entitled to hereunder if he terminated his
employment for Good Reason, except that for purposes of implementing the
foregoing, the date on which any such succession becomes effective shall be
deemed the date of termination. As used in the Agreement, Parent shall mean the
Parent as herein before defined and any successor to its business and/or assets
as aforesaid which executes and delivers the agreement provided for in this
Section 16 or which otherwise becomes bound by all the terms and provisions of
this Agreement by operation of law.

                  (b) This Agreement and all rights of the Executive hereunder
shall inure to the benefit of and be enforceable by the Executive's personal or
legal representatives, executors, administrators, successors, heirs,
distributees, devises and legatees. If the Executive should die while any
amounts would still be payable to him hereunder if he had continued to live, all
such amounts unless otherwise provided herein, shall be paid in accordance with
the terms of this Agreement to the Executive's devise, legatee, or other
designee or, if there be no such designee, to the Executive's estate.

         17 NOTICE. For the purposes of this Agreement, notices, demands and all
other communications provided for in this Agreement shall be in writing and
shall be deemed to have been duly given when delivered or (unless otherwise
specified) mailed by United States certified or registered mail, return receipt
requested, postage prepaid, addressed as follows:

            If to the Executive:  Mr. Steven S. Elbaum
                                  136 Fells Road
                                  Essex Fells, NJ  07021

            If to the Employer:   Superior TeleCom Inc.
                                  1790 Broadway
                                  15th Floor
                                  New York, NY  10019-1412
                                  Attention: General Counsel


                                      -18-
<PAGE>

                  or to such other address as any party may have furnished to
the others in writing in accordance herewith, except that notices of change of
address shall be effective only upon receipt.

         18 MISCELLANEOUS. No provisions of this Agreement may be modified,
waived or discharged unless such waiver, modification or discharge is agreed to
in writing signed by the Executive and such officer of the Parent and the
Company as may be specifically designated by the Board. No waiver by either
party hereto at any time of any breach by the other party hereto of, or
compliance with, any condition or provision of this Agreement to be performed by
such other party shall be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time. No agreements or
representations, oral or otherwise, express or implied, with respect to the
subject matter hereof have been made by either party which are not set forth
expressly in this Agreement. The validity, interpretation, construction and
performance of this Agreement shall be governed by the laws of New York without
regard to its conflicts of law principles.

         19 VALIDITY. The invalidity or unenforceability of any provision or
provisions of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement, which shall remain in full force and
effect.

         20 COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original but all of which
together will constitute one and the same instrument.

         21 ENTIRE AGREEMENT. This Agreement together with all exhibits and
attachments hereto sets forth the entire agreement of the parties hereto in
respect of the subject matter contained herein and supersedes all prior
agreements, promises, covenants, arrangements, communications, representations
or warranties, whether oral or written, by any officer, employee or
representative of any party hereto; and any prior agreement of the parties
hereto in respect of the subject matter contained herein is hereby terminated
and cancelled, provided, however, that this Agreement should not supersede any
existing benefit or agreement which provides such benefit, including, without
limitation, life or disability insurance agreements and retirement plans
currently in effect.

         22 INDEMNIFICATION. The Employer hereby covenants and agrees to
indemnify the Executive and hold him harmless to the fullest extent permitted by
law and under the By-laws of the Employer against and in respect to any and all
actions, suits, proceedings, claims, demands, judgments, costs, expenses
(including reasonable attorneys' fees), losses, and damages resulting from the
Executive's good faith performance of his duties and obligations hereunder. The
Employer, within 10 days of presentation of invoices, shall advance to the
Executive reimbursement of all legal fees and disbursements incurred by the
Executive in connection with any potentially indemnifiable matter. The Employer
will cover the Executive under directors' and officers' liability insurance both
during and, while potential liability exists (for such reasonable period taking
into account the applicable statute of limitations but in no event for less than
six years), after the Executive's termination of employment in the same amount
and to the same extent as the Employer covers its other officers and directors.

                                      -19-
<PAGE>

         23 WITHHOLDING TAXES. The Employer may withhold from any and all
amounts payable under this Agreement such Federal, state and local taxes as may
be required to be withheld pursuant to any applicable law or regulation.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first written above.

<TABLE>
<S>                      <C>
                         SUPERIOR TELECOM INC.

                         By: _______________________________________________

                         Title:_____________________________________________


                         SUPERIOR TELECOMMUNICATIONS INC.

                         By: _______________________________________________

                         Title: ____________________________________________



                         STEVEN S. ELBAUM

                         ___________________________________________________

</TABLE>

                                      -20-
<PAGE>
                                    EXHIBIT A

                                CHANGE OF CONTROL

1 For the purpose of this Agreement, a "Change of Control" shall mean the
occurrence of either a "SUT Change of Control" or an "Alpine Change of Control."

2 For purposes of this Agreement, a "SUT Change of Control" shall mean the
occurrence of any of the following events at a time when or as a result of which
Alpine owns less than 50% of the Outstanding Parent Voting Securities (as
defined below):

         (a) the acquisition by any individual, entity or group (within the
meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act")), other than Alpine (a "Person"), of beneficial
ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act)
of voting securities of the Parent where such acquisition causes such Person to
own more than 20% or more of the combined voting power of the then outstanding
voting securities of the Parent entitled to vote generally in the election of
directors (the "Outstanding Parent Voting Securities"); provided, however, that
for purposes of this subsection (a), the following acquisitions shall not be
deemed to result in a Change of Control: (i) any acquisition directly from the
Parent, (ii) any acquisition by the Parent, (iii) any acquisition by any
employee benefit plan (or related trust) sponsored or maintained by the Parent
or any corporation controlled by the Parent or (iv) any acquisition by any
corporation pursuant to a transaction that complies with clauses (i), (ii) and
(iii) of subsection (c) below; and provided, further, that if any Person's
beneficial ownership of the Outstanding Parent Voting Securities reaches or
exceeds more than 20% as a result of a transaction described in clause (i) or
(ii) above,

                                      A-1
<PAGE>

and such Person subsequently acquires beneficial ownership of additional voting
securities of the Parent, such subsequent acquisition shall be treated as an
acquisition that causes such Person to own more than 20% or more of the
Outstanding Parent Voting Securities; or

         (b) individuals who, as of the date hereof, constitute the Board (the
"Incumbent Board") cease for any reason to constitute at least a majority of the
Board; provided, however, that any individual becoming a director subsequent to
the date hereof whose election, or nomination for election by the Parent's
shareholders, was approved by a vote of at least a majority of the directors
then comprising the Incumbent Board shall be considered as though such
individual were a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election
or removal of directors or other actual or threatened solicitation of proxies or
consents by or on behalf of a Person other than the Board; or

         (c) the consummation of a reorganization, merger or consolidation or
sale or other disposition of all or substantially all of the assets of the
Parent or the acquisition of assets of another corporation ("Business
Combination"); excluding, however, such a Business Combination pursuant to which
(i) all or substantially all of the individuals and entities who were the
beneficial owners of the Outstanding Parent Voting Securities immediately prior
to such Business Combination beneficially own, directly or indirectly, more than
50% of, respectively, the then outstanding shares of common stock and the
combined voting power of the then outstanding voting securities entitled to vote
generally in the election of directors, as the case may be, of the corporation
resulting from such Business Combination (including, without limitation, a
corporation that as a result of such transaction owns the Parent or all or
substantially all of the Parent's assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership,
immediately prior to such Business Combination of the Outstanding Parent Voting
Securities, (ii) no Person (excluding any employee benefit plan (or related
trust) of the Parent or such corporation resulting from such Business
Combination) beneficially owns, directly or indirectly, more than 20% or more
of, respectively, the then outstanding shares of common stock of the corporation
resulting from such Business Combination or the combined voting power of the
then outstanding voting securities of such Business Combination except to the
extent that such Person owned 20% or more of the Outstanding Parent Voting
Securities prior to the Business Combination and (iii) at least a majority of
the members of the board of directors of the corporation resulting from such
Business Combination were members of the Incumbent Board at the time of the
execution of the initial agreement, or of the action of the Board, providing for
such Business Combination; or

         (d) approval by the shareholders of the Parent of a complete
liquidation or dissolution of the Parent.

3 For purposes of this Agreement, an "Alpine Change of Control" shall mean the
occurrence of any of the following events:

         (a) the acquisition by any Person of beneficial ownership (within the
meaning of Rule 13d-3 promulgated under the Exchange Act) of voting securities
of Alpine where such acquisition causes such Person to own more than 20% or more
of the combined voting power of

                                      A-2
<PAGE>

the then outstanding voting securities of Alpine entitled to vote generally in
the election of directors (the "Outstanding Alpine Voting Securities");
provided, however, that for purposes of this subsection (a), the following
acquisitions shall not be deemed to result in a Change of Control: (i) any
acquisition directly from Alpine, (ii) any acquisition by Alpine, (iii) any
acquisition by any employee benefit plan (or related trust) sponsored or
maintained by Alpine or any corporation controlled by Alpine or (iv) any
acquisition by any corporation pursuant to a transaction that complies with
clauses (i), (ii) and (iii) of subsection (c) below; and provided, further, that
if any Person's beneficial ownership of the Outstanding Alpine Voting Securities
reaches or exceeds more than 20% as a result of a transaction described in
clause (i) or (ii) above, and such Person subsequently acquires beneficial
ownership of additional voting securities of Alpine, such subsequent acquisition
shall be treated as an acquisition that causes such Person to own more than 20%
or more of the Outstanding Alpine Voting Securities; or

         (b) individuals who, as of the date hereof, constitute the Alpine Board
(the "Incumbent Alpine Board") cease for any reason to constitute at least a
majority of the Alpine Board; provided, however, that any individual becoming a
director subsequent to the date hereof whose election, or nomination for
election by Alpine's shareholders, was approved by a vote of at least a majority
of the directors then comprising the Incumbent Alpine Board shall be considered
as though such individual were a member of the Incumbent Alpine Board, but
excluding, for this purpose, any such individual whose initial assumption of
office occurs as a result of an actual or threatened election contest with
respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a Person other than the
Alpine Board; or

         (c) the consummation of a reorganization, merger or consolidation or
sale or other disposition of all or substantially all of the assets of Alpine or
the acquisition of assets of another corporation ("Alpine Business
Combination"); excluding, however, such an Alpine Business Combination pursuant
to which (i) all or substantially all of the individuals and entities who were
the beneficial owners of the Outstanding Alpine Voting Securities immediately
prior to such Alpine Business Combination beneficially own, directly or
indirectly, more than 50% of, respectively, the then outstanding shares of
common stock and the combined voting power of the then outstanding voting
securities entitled to vote generally in the election of directors, as the case
may be, of the corporation resulting from such Alpine Business Combination
(including, without limitation, a corporation that as a result of such
transaction owns Alpine or all or substantially all of Alpine's assets either
directly or through one or more subsidiaries) in substantially the same
proportions as their ownership, immediately prior to such Alpine Business
Combination of the Outstanding Alpine Voting Securities, (ii) no Person
(excluding any employee benefit plan (or related trust) of Alpine or such
corporation resulting from such Alpine Business Combination) beneficially owns,
directly or indirectly, more than 20% or more of, respectively, the then
outstanding shares of common stock of the corporation resulting from such Alpine
Business Combination or the combined voting power of the then outstanding voting
securities of such Alpine Business Combination except to the extent that such
Person owned 20% or more of the Outstanding Alpine Voting Securities prior to
the Alpine Business Combination and (iii) at least a majority of the members of
the board of directors of the corporation resulting from such Alpine Business
Combination were members of the Incumbent

                                      A-3
<PAGE>

Alpine Board at the time of the execution of the initial agreement, or of the
action of the Alpine Board, providing for such Alpine Business Combination; or

         (d) approval by the shareholders of Alpine of a complete liquidation or
dissolution of Alpine.


                                      A-4
<PAGE>

                                    EXHIBIT B

                           GOLDEN PARACHUTE PROVISIONS

         (a) Anything in this Agreement to the contrary notwithstanding and
except as set forth below, in the event it shall be determined that any payment
or distribution by the Employer to or for the benefit of the Executive (whether
paid or payable or distributed or distributable pursuant to the terms of this
Agreement or otherwise, but determined without regard to any additional payments
required under this Exhibit B) (a "Payment") would be subject to the excise tax
imposed by Section 4999 of the Code or any interest or penalties are incurred by
the Executive with respect to such excise tax (such excise tax, together with
any such interest and penalties, are hereinafter collectively referred to as the
"Excise Tax"), then the Executive shall be entitled to receive an additional
payment (a "Gross-Up Payment") in an amount such that after payment by the
Executive of all taxes (including any interest or penalties imposed with respect
to such taxes), including, without limitation, any income taxes (and any
interest and penalties imposed with respect thereto) and Excise Tax imposed upon
the Gross-Up Payment, the Executive retains an amount of the Gross-Up Payment
equal to the Excise Tax imposed upon the Payments. Notwithstanding the
foregoing, if it shall be determined that the Executive is entitled to a
Gross-Up Payment, but that the Payments do not exceed 110% of the greatest
amount (the "Reduced Amount") that could be paid to the Executive such that the
receipt of Payments would not give rise to any Excise Tax, then no Gross-Up
Payment shall be made to the Executive and the Payments, in the aggregate, shall
be reduced to the Reduced Amount.

         (b) Subject to the provisions of paragraph (c), all determinations
required to be made under this Exhibit B, including whether and when a Gross-Up
Payment is required and the amount of such Gross-Up Payment and the assumptions
to be utilized in arriving at such determination, shall be made by Arthur
Andersen LLP or such other certified public accounting firm as may be designated
by the Executive (the "Accounting Firm") which shall provide detailed supporting
calculations both to the Parent and the Executive within 15 business days of the
receipt of notice from the Executive that there has been a Payment, or such
earlier time as is requested by the Parent. In the event that the Accounting
Firm is serving as accountant or auditor for the individual, entity or group
effecting the Change of Control or other change of ownership as defined under
Section 280G of the Code, the Executive shall appoint another nationally
recognized accounting firm to make the determinations required hereunder (which
accounting firm shall then be referred to as the Accounting Firm hereunder). All
fees and expenses of the Accounting Firm shall be borne solely by the Parent.
Any Gross-Up Payment, as determined pursuant to this Exhibit B, shall be paid by
the Parent to the Executive within five days of the receipt of the Accounting
Firm's determination. Any determination by the Accounting Firm shall be binding
upon the Employer and the Executive. As a result of the uncertainty in the
application of Section 4999 of the Code at the time of the initial determination
by the Accounting Firm hereunder, it is possible that Gross-Up Payments which
will not have been made by the Parent should have been made ("Underpayment"),
consistent with the calculations required to be made hereunder. In the event
that the Parent exhausts its remedies pursuant to paragraph (c) and the
Executive thereafter is required to make a payment of any Excise Tax, the
Accounting Firm shall

                                      B-1
<PAGE>

determine the amount of the Underpayment that has occurred and any such
Underpayment shall be promptly paid by the Parent to or for the benefit of the
Executive.

         (c The Executive shall notify the Parent in writing of any claim by the
Internal Revenue Service that, if successful, would require the payment by the
Parent of the Gross-Up Payment. Such notification shall be given as soon as
practicable but no later than 10 business days after the Executive is informed
in writing of such claim and shall apprise the Parent of the nature of such
claim and the date on which such claim is requested to be paid. The Executive
shall not pay such claim prior to the expiration of the 30-day period following
the date on which it gives such notice to the Parent (or such shorter period
ending on the date that any payment of taxes with respect to such claim is due).
If the Parent notifies the Executive in writing prior to the expiration of such
period that it desires to contest such claim, the Executive shall:

           (i  give the Parent any information reasonably requested by the
Parent relating to such claim,

           (ii  take such action in connection with contesting such claim as the
Parent shall reasonably request in writing from time to time, including, without
limitation, accepting legal representation with respect to such claim by an
attorney reasonably selected by the Parent,

           (iii  cooperate with the Parent in good faith in order effectively to
contest such claim, and

           (iv  permit the Parent to participate in any proceedings relating to
such claim;

           provided, however, that the Parent shall bear and pay directly all
costs and expenses (including additional interest and penalties) incurred in
connection with such contest and shall indemnify and hold the Executive
harmless, on an after-tax basis, for any Excise Tax or income tax (including
interest and penalties with respect thereto) imposed as a result of such
representation and payment of costs and expenses. Without limitation on the
foregoing provisions of this paragraph (c), the Parent shall control all
proceedings taken in connection with such contest and, at its sole option, may
pursue or forgo any and all administrative appeals, proceedings, hearings and
conferences with the taxing authority in respect of such claim and may, at its
sole option, either direct the Executive to pay the tax claimed and sue for a
refund or contest the claim in any permissible manner, and the Executive agrees
to prosecute such contest to a determination before any administrative tribunal,
in a court of initial jurisdiction and in one or more appellate courts, as the
Parent shall determine; provided, however, that if the Parent directs the
Executive to pay such claim and sue for a refund, the Parent shall advance the
amount of such payment to the Executive, on an interest-free basis and shall
indemnify and hold the Executive harmless, on an after-tax basis, from any
Excise Tax or income tax (including interest or penalties with respect thereto)
imposed with respect to such advance or with respect to any imputed income with
respect to such advance; and further provided that any extension of the statute
of limitations relating to payment of taxes for the taxable year of the
Executive with respect to which such contested amount is claimed to be due is
limited solely to such contested amount. Furthermore, the Parent's control of
the contest shall be limited to issues with respect to which a Gross-Up Payment
would be payable hereunder and the Executive shall be entitled to


                                      B-2
<PAGE>

settle or contest, as the case may be, any other issue raised by the Internal
Revenue Service or any other taxing authority.

         (d If, after the receipt by the Executive of an amount advanced by the
Parent pursuant to paragraph (c), the Executive becomes entitled to receive any
refund with respect to such claim, the Executive shall (subject to the Parent's
complying with the requirements of paragraph (c)) promptly pay to the Parent the
amount of such refund (together with any interest paid or credited thereon after
taxes applicable thereto). If, after the receipt by the Executive of an amount
advanced by the Parent pursuant to paragraph (c), a determination is made that
the Executive shall not be entitled to any refund with respect to such claim and
the Parent does not notify the Executive in writing of its intent to contest
such denial of refund prior to the expiration of 30 days after such
determination, then such advance shall be forgiven and shall not be required to
be repaid and the amount of such advance shall offset, to the extent thereof,
the amount of Gross-Up Payment required to be paid.



                                      B-3