Document:

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                                                                     Exhibit 4.1

                                   NTELOS INC.

                              AMENDED AND RESTATED

                          EMPLOYEE STOCK PURCHASE PLAN

                         Effective as of August 30, 2002
                (including amendments through September 27, 2002)

Section 1.    Shares Offered

NTELOS Inc., hereinafter called the "Company", has authorized offers for sale to
its eligible personnel, as defined in Section 2, of up to 840,000 shares of
common stock of the Company ("Common Stock") pursuant to its Employee Stock
Purchase Plan, adopted by the Company's Board of Directors (the "Board") on
August 25, 1997, as amended, with a monthly offering to be made each subsequent
month until all of the authorized shares are subscribed and issued. Shares may
be purchased in the open market or otherwise for use in the Plan.

Section 2.    Who May Participate

All regular personnel of the Company and its subsidiaries who are full-time
employees, excluding occasional or part-time personnel regularly scheduled to
work less than 20 hours per week, are eligible to purchase Common Stock under
the Plan. Any person who becomes an employee of the Company after the effective
date of the Plan and meets all requirements herein provided shall also be
eligible.

Section 3.    Method of Electing to Subscribe and Purchase

In order to subscribe and purchase shares of Common Stock, every eligible
employee shall sign a Subscription Agreement and deliver it to the Corporate
Office of the Company or to one of the local offices. The Subscription Agreement
must be delivered no later than 10 calendar days prior to the last business day
of the month immediately preceding the month in which the eligible employee
wishes to (i) begin purchasing shares under the Plan or (ii) amend his or her
previous subscription. However, the Company may extend the date by which
subscriptions must be delivered if existing circumstances justify such
extension. All subscriptions shall be subject to the terms hereof and to
acceptance by the Company. Subscriptions shall be considered accepted unless
notice is received to the contrary.

Notwithstanding any other provision of the Plan, no participating employee shall
be entitled to subscribe and purchase shares of Common Stock under the Plan if,
immediately after acceptance of the Subscription Agreement or any amendment
thereto, the participating employee would own Common Stock possessing five
percent (5%) or more of the total combined voting power or value of all classes
of stock of the Company or any subsidiary within the meaning of Section
423(b)(3) of the Internal Revenue Code of 1986 (the "Code"). For purposes of
this Section 3, stock ownership of a participating employee shall be determined
under the stock attribution rules of Section 424(d) of the Code, and Common
Stock that the participating employee may purchase under outstanding
Subscription Agreements shall be treated as Common Stock the participating
employee owns.

The Company, through broker-dealer firms, acts as a Purchasing Agent for the
Plan and makes purchases of Common Stock for the Plan in the open market or
otherwise.

Section 4.    Purchase Price

The purchase price per share of Common Stock for shares purchased directly from
the Company shall be ten percent (10%) less than the average of the high and low
sale prices on the issue date as reported on the NASDAQ National Market System.
The issue date shall be the last trading day of the month. The

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purchase price per share of Common Stock for shares purchased in the market or
otherwise by the Purchasing Agent will be ninety percent (90%) of the average
price of all shares purchased for the Plan for the applicable period.

Section 5.    Number of Shares Which May Be Purchased

The number of shares each eligible employee may purchase will be determined by
the amount of the payroll deduction and the purchase price as defined in Section
4.

An eligible employee may authorize a maximum payroll deduction of $12.50 per
year for each $100 of annual basic rate of wage or salary for the purchase of
stock under the Plan. An employee may, however, elect to authorize a payroll
deduction of less than the maximum amount.

Basic rate of wage and salary shall be those in effect on the date the payroll
deduction authorization is made or amended. The amount of any payroll deduction
may be amended monthly by delivery of a new subscription in accordance with
Section 3, effective upon such delivery.

Section 6.    Duration of Stock Purchase Plan

The Plan will continue until 840,000 shares have been subscribed and issued to
eligible employees, unless the Plan is sooner amended or terminated by the
Board.

Section 7.    Method of Payment

Payment for shares subscribed shall be by payroll deduction only, and such
deduction shall be authorized in writing by each person so subscribing. The
amount of the bi-weekly deduction for hourly-paid personnel paid on a bi-weekly
or a weekly basis shall be 1/26th or 1/52nd, respectively, of the total amount
permitted to be withheld on an annual basis. The amount of the semi-monthly
deduction for exempt and non-exempt salaried personnel shall be 1/24th of the
total amount permitted to be withheld on an annual basis. Payroll deductions
will begin no later than the first full payroll period in the month following
delivery of a new subscription in accordance with Section 3.

Section 8.    Interest on Payroll Deductions

No interest will be paid on payroll deductions.

Section 9.    Account Statements

Each participant will receive a quarterly statement detailing the transactions
for the period. The statement will be similar to the statement provided now to
participants in the Dividend Reinvestment and Stock Purchase Plan.

Since an employee's deduction seldom will be an amount that will purchase an
exact number of shares, purchases for an account will normally include a
fractional share. These fractional shares will earn proportional dividend income
the same as full shares, and will be computed to three decimal places.

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Section 10.   Rights of Employees Who Have Subscribed for Stock

All participating employees shall have the same rights and privileges under the
Plan with respect to subscription rights.

No participating employee shall have any rights of a shareholder as to shares
subscribed for and purchased pursuant to the Plan, prior to the issue date for
such shares.

Any employee who has subscribed for shares of Common Stock may, upon written
notice to the employer, cancel such subscription as to unissued shares and
receive in cash the net amount of all payroll deductions credited to him at the
date of such notice. Any employee who cancels his subscription may, thereafter,
if eligible at the time, resubscribe in accordance with Section 3.

If any employee shall die or cease to be an employee of the Company for any
reason, his or her subscription shall be deemed to be canceled automatically,
and such employee or his or her personal representative shall be entitled to
receive in cash the net amount of all payroll deductions credited to such
employee at the time of such event.

Section 11.   Changes in Shares of Common Stock

In the event of any stock dividend, stock split or other reclassification of the
Company's Common Stock or in the event of any merger, consolidation or sale of
all or substantially all of the assets of the Company, an appropriate adjustment
may be made in the number of shares offered pursuant to the Plan and in the
purchase price per share. Whether and how any such adjustments are made shall be
determined by the Board in accordance with what it deems appropriate and
equitable under the circumstances.

Section 12.   General

The Company's interpretation of any provision of the Plan shall be conclusive
and binding on all persons. The Company may prescribe additional provisions
applicable to the Plan. However, such provisions shall not affect any action
taken or rights accrued before such provisions are prescribed. The Company
reserves the right to terminate the Plan at any time.Prepared by R.R. Donnelley Financial -- Employment Agreement dated June 10, 2002

  
 Exhibit 10.11 
  
 NEUROBIOLOGICAL TECHNOLOGIES, INC. 
  
 EMPLOYMENT AGREEMENT 
  
 THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and
entered into as of June 10, 2002 by and between NEUROBIOLOGICAL TECHNOLOGIES, INC., a Delaware corporation (“NTI”) and Paul E. Freiman (“Freiman”). 
  
 BACKGROUND 
  
 A.  NTI desires to continue to retain
the services of Freiman as President and Chief Executive Officer of NTI, commencing June 10, 2002 (the “Effective Date”). 
  
 B.  Freiman is willing to be employed by NTI on the terms and subject to the conditions set forth in this Agreement. 
  
 C.  Freimanis currently employed as President and Chief Executive Officer. It is the intent of the parties to induce Freiman’s commitment to the Term specified in this Agreement
in exchange for NTI’spayment of the RetentionBonus, and that the terms of this Agreement control Freiman’scontinued employment. 
  
 THE PARTIES AGREE AS FOLLOWS: 
  
 1.  Positions and
Duties. 
  
 1.1  President and Chief Executive
Officer.    Freiman shall be employed by NTI as its President and Chief Executive Officer, and NTI agrees to employ and retain Freiman in such capacity. 
  
 1.2  Duties.    Freiman shall devote all of his business time, energy, and skill to the affairs of NTI; provided,
however, that reasonable time for personal business, charitable or professional activities shall be permitted, so long as such activities do not materially interfere with Freiman’s performance of services under this Agreement. 

 
 2.  Terms of Employment. 
  
 2.1  Definitions.    For purposes of this Agreement, the following terms shall have the following meanings:

  
 (a)  “Accrued Compensation” shall mean any accrued Total Cash
Compensation, any benefits under any plan of NTI in which Freiman is a participant to the full extent of Freiman’s rights under such plans, any accrued vacation pay, and any appropriate business expenses incurred by Freiman in connection with
the performance of Freiman’s duties hereunder, all to the extent unpaid on the date of termination. 
  
 (b)  “Base Salary” shall have the meaning set forth in Section 3.1 hereof. 
  
 (c)  “Termination For Cause” means termination by NTI of Freiman’s employment by reason of Freiman’sdishonesty or fraud, gross negligence in the performance of his duties
hereunder, material breach of this Agreement, intentional engagement in acts seriously detrimental to NTI’s operations, or conviction of a felony involving moral turpitude. 
  
 (d)  “Termination Other Than For Cause” means termination by NTI of Freiman’semployment for any reason other
than as specified in Sections 2.1, (d) or (f) hereof. 
  
 (e)  “Total Cash
Compensation” shall mean Freiman’s Base Salary (as defined in Section 3.1) plus any cash bonuses, commissions or similar payment accrued during any single calendar year. 

  
 (f)  “Voluntary Termination” means
termination of Freiman’s employment by the voluntary action of Freiman. 
  
 2.2  Employee at Will.    Freiman is an “at will” employee of NTI, and Freiman’s employment may be terminated at any time upon a Termination For Cause or a Termination Other Than
For Cause by the giving of written notice thereof to Freiman, subject to the terms and conditions of this Agreement. 
  
 2.3  Termination For Cause.    Upon Termination For Cause, NTI shall pay Freiman Accrued Compensation, if any, and Freimanshall refund the Retention Bonus within 30 days of such
termination. 
  
 2.4  Termination Other Than For Cause.    Upon
Termination Other Than For Cause, NTI shall pay Freiman all Accrued Compensation. 
  
 2.5  Voluntary Termination.    Freiman shall have the right to effect a Voluntary Termination by giving at least 30 days advance written notice to NTI. During such period, Freiman shall continue
to receive regularly scheduled Base Salary payments and benefits. Following the effective date of a Voluntary Termination, NTI shall pay Freiman Accrued Compensation, if any, and, if such Voluntary Termination occurs prior to March 10, 2003,
Freiman shall refund the Retention Bonus within 30 days of such termination. 
  
 2.6  Timing of Termination Payments.    Unless expressly provided otherwise, the foregoing termination payments shall be made at the usual and agreed times provided for in Section 3.1 of this
Agreement. 
  
 3.  Compensation and Benefits. 
  

3.1  Base Salary.    As payment for the services to be rendered by Freiman as provided in Section 1 and subject to
the provisions of Section 2 of this Agreement, NTI shall pay Freiman a Base Salary ("Base Salary") at the rate of $200,000 per year, payable on NTI's normal payroll schedule. 
  
 3.2  Additional Benefits. 
  
 (a)  Benefit Plans.    Freiman shall be eligible to participate in NTI’s benefit plans as are now generally available or later made generally available to
senior officers of NTI, including, without limitation, medical, dental, life, and disability insurance plans. 
  
 (b)  Expense Reimbursement.    NTI agrees to reimburse Freiman for all reasonable, ordinary and necessary travel and entertainment expenses incurred by Freiman conjunction with his services to NTI
consistent with NTI’s standard reimbursement policies. NTI shall pay travel costs incurred by Freiman in conjunction with his services to NTI consistent with NTI’s standard travel policy. 
  
 (c)  Vacation.    Freiman shall be entitled, without loss of compensation, to the
amount of vacation per year generally available or later made generally available to senior officers of NTI. 
  
 3.3  Retention Bonus.    In exchange for Freiman’s commitment to the Term of this Agreement, NTIshall pay Freiman a Retention Bonus (“Retention Bonus”) of
$150,000 on the Effective Date of this Agreement. Freimanacknowledges and agrees that payment of the Retention Bonus is a material element of this Agreement and is in consideration for Freiman’s commitment, and without such commitment,
NTIwould not have paid the Retention Bonus. Freimanacknowledges his obligation to refund the entire RetentionBonus as provided for in Sections 2.3 and 2.5 of this Agreement. 
  

3.4  Bonus.    Freiman shall participate in any management bonus plan adopted by NTI on terms comparable to
other senior officers of NTI. 
  
 4.  Miscellaneous. 
  
 4.1  Waiver.    The waiver of the breach of any provision of this Agreement shall not
operate or be construed as a waiver of any subsequent breach of the same or other provision hereof. 
 

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 4.2  Notices.    All notices
and other communications under this Agreement shall be in writing and shall be given by personal or courier delivery, facsimile or first class mail, certified or registered with return receipt requested, and shall be deemed to have been duly given
upon receipt if personally delivered or delivered by courier, on the date of transmission if transmitted by facsimile, or three days after mailing if mailed, to the addresses of NTI and Freiman contained in the records of NTI at the time of such
notice. Any party may change such party’s address for notices by notice duly given pursuant to this Section 4.2. 
  
 4.3  Term of the Agreement; Renewal of the Agreement.    The Term of this Agreement (“Term”) will commence on the Effective Date and will continue for a period of one year. Not
less than 90 days prior to expiration of this Agreement, the parties agree to negotiate in good faith with regard to potential renewal of this Agreement under similar terms and conditions. 
  
 4.4  Headings.    The section headings used in this Agreement are intended for convenience of reference and shall not
by themselves determine the construction or interpretation of any provision of this Agreement. 
  
 4.5  Governing Law.    This Agreement shall be governed by and construed in accordance with the laws of the State of California applicable to contracts entered into and wholly to be performed
within the State of California by California residents. 
  
 4.6  Arbitration.    Any controversy or claim arising out of, or relating to, this Agreement or the breach of this Agreement will be settled by arbitration by, and in accordance with the
applicable National Rules for the Resolution of Employment Disputes of the American Arbitration Association and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction. The arbitrator(s) will have the
right to assess, against a party or among the parties, as the arbitrator(s) deem reasonable, (a) administrative fees of the American Arbitration Association, (b) compensation, if any, to the arbitrator(s) and (c) attorneys’ fees incurred by a
party. Arbitration hearings will be held in San Francisco, California. The provisions of California Code of Civil Procedure Section 1283.05 will apply to any arbitration. 
  
 4.7  Survival of Obligations.    This Agreement shall be binding upon and inure to the benefit of the executors,
administrators, heirs, successors, and assigns of the parties; provided, however, that except as herein expressly provided, this Agreement shall not be assignable either by NTI (except to an affiliate or successor of NTI) or by Freiman without the
prior written consent of the other party. 
  
 4.8  Counterparts.    This Agreement may be executed in one or more counterparts, all of which taken together shall constitute one and the same Agreement. 
  
 4.9  Withholding.    All sums payable to Freiman hereunder shall be reduced by all
federal, state, local, and other withholdings and similar taxes and payments required by applicable law. 
  
 4.10  Enforcement.    If any portion of this Agreement is determined to be invalid or unenforceable, such portion shall be adjusted, rather than voided, to achieve the intent of the parties to the
extent possible, and the remainder shall be enforced to the maximum extent possible. 
  
 4.11  Entire Agreement; Modifications.    Except as otherwise provided herein or in the exhibits hereto, this Agreement represents the entire understanding among the parties with respect to the
subject matter of this Agreement, and this Agreement supersedes any and all prior and contemporaneous understandings, agreements, plans, and negotiations, whether written or oral, with respect to the subject matter hereof, including, without
limitation, any understandings, agreements, or obligations respecting any past or future compensation, bonuses, reimbursements, or other payments to Freiman from NTI. All modifications to the Agreement must be in writing and signed by each of the
parties hereto. 
 

 3 

 IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement as of the date set forth in the first
paragraph. 
  
  
 
	 NEUROBIOLOGICAL TECHNOLOGIES, INC. 
 
	 
	 By:
 	 	 /s/    ABRAHAM E. COHEN
        
 

	  	 	 Chairman of the Board
 

 
  
 
	 
	 /s/    PAUL E. FREIMAN
        
 

	 Paul E. Freiman
 

 
  
 

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