Document:

exv10w30

 

    Exhibit 10.30

 

    Summary
    of FY2007 Cash Bonuses for Named Executive
    Officers

 

    Overview.  Our named executive officers
    participate in our 2007 Bonus Plan (the “Plan”). Bonus
    awards made under the Plan are tied to metrics established by
    the Bonus Plan Committee, at the direction of the Compensation
    Committee of the Company’s Board of Directors. The Plan is
    designed to ensure that the amount of the bonuses potentially
    payable under the Plan are properly aligned with our business
    objectives and strategic initiatives. The Bonus Plan Committee
    is comprised of the Company’s Chief Executive Officer,
    Chief Operating Officer, Chief Financial Officer, and Vice
    President for Human Resources.

 

    Bonus Period.  Bonuses to be paid under
    the Plan are determined based on our 2007 fiscal year commencing
    January 1, 2007 and ending December 31, 2007.

 

    Eligibility.  Each of our named
    executive officers is eligible to participate in the Plan during
    fiscal 2007. In general, in order to be eligible to receive a
    bonus under the Plan, a participant must be employed for at
    least three months during fiscal 2007, satisfy the Plan’s
    eligibility requirements on the last day of the fiscal quarter,
    and remain employed in good standing on the date of payment. If
    a participant’s employment terminates prior to the date on
    which fiscal 2007 bonuses are paid, he or she will forfeit any
    entitlement to a bonus for the fiscal year. Participation in the
    Plan does not preclude a named executive officer from receiving
    other bonuses or incentive compensation.

 

    Performance Goals.  For fiscal 2007, the
    Bonus Plan Committee adopted targeted corporate, functional
    unit, and individual performance goals. Corporate performance
    goals include three components: a corporate cash balance goal,
    an adjusted EBITDA goal, and a corporate revenue goal. For our
    named executive officers, bonus awards under the Plan are
    principally based on the attainment of a specified level of
    performance relative to the foregoing corporate performance
    goals. Funding of bonuses under the Plan is contingent on our
    achieving adjusted EBITDA of $70 million or more, our
    realization of corporate revenue of $1.40 billion or more,
    and our attainment of a minimum corporate cash balance goal of
    $78 million for the 2007 fiscal year.

 

    Fiscal 2007 Target Bonuses.  The target
    bonus awards available to our named executive officers are
    determined as a percentage of their eligible base salaries for
    fiscal 2007, as specified by the Bonus Plan Committee; the
    actual bonus paid may be greater or less than the target bonus
    amount, as determined by the Compensation Committee. The Bonus
    Plan Committee and the Compensation Committee retain discretion
    to increase the size of the bonus pool available to our named
    executive officers to account for financial performance
    materially exceeding the applicable target performance levels.

 

    Approval of Fiscal 2007 Bonus
    Payments.  In addition to the Plan’s
    eligibility requirements, all bonus payments for fiscal 2007 are
    subject to approval by the Bonus Plan Committee and the
    Compensation Committee.

 

    Retention of Discretion.  The Plan is
    maintained at our sole discretion and can be amended or
    terminated at any time and without prior notice. The Bonus Plan
    Committee and the Compensation Committee retain sole discretion
    to designate the employees eligible to participate in the Plan,
    and without prior notice, to modify, change, alter or terminate
    the Plan or to determine whether or not a Plan bonus will be
    paid.exv10w31

 

Exhibit 10.31

XO
COMMUNICATIONS, LLC

WAIVER

WITH RESPECT TO

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT

     This Waiver (“Waiver”), dated as of March, 13, 2008, with respect to the Amended and Restated
Credit and Guaranty Agreement, dated January 16, 2003 (as amended, supplemented or otherwise
modified, through the date hereof, and as it may be further amended, supplemented or otherwise
modified, the “Credit Agreement”), by and among XO Communications, LLC, a Delaware limited
liability company (the “Company” as successor by merger to XO Communications, Inc., a Delaware
corporation), certain affiliates and subsidiaries of the Company, as Guarantors, the Lenders party
thereto from time to time and Mizuho Corporate Bank, Ltd., as administrative agent (the
“Administrative Agent”).

RECITALS

     A.     Capitalized terms used herein without definition shall have the same meanings herein as set
forth in the Credit Agreement.

     B.     Pursuant to Section 10.5 of the Credit Agreement, the Requisite Lenders have the right to
waive any provision of the Credit Documents or consent to any departure of any Credit Party
therefrom or may take any action contemplated in the Credit Documents and such waiver shall be
effective upon the written concurrence of the Requisite Lenders.

     C.     Under Section 1.1 of the Credit Agreement, “Requisite Lenders” means one or more Lenders
having or holding Term Loan Exposure representing more than 50% of the aggregate Term Loan Exposure
of all Lenders.

     D.     The Company anticipates that it may not be in compliance with Section 6.6(a) of the Credit
Agreement for one or more fiscal quarters in 2008 or 6.6(b) of the Credit Agreement for the fiscal
quarter ended December 31, 2008.

     E.     The undersigned desire to waive compliance by the Company with the requirements of Sections
6.6(a) and 6.6(b) of the Credit Agreement on the terms and for the periods set forth herein.

     NOW, THEREFORE, in consideration of the promises and the mutual covenants and agreement herein
contained, the parties hereto hereby agree as follows:

WAIVER

     1.     Effective as of the date of this Waiver, the undersigned hereby waive compliance by the
Company and the Guarantors with the requirements of Sections 6.6(a) of the Credit Agreement from
the date hereof through January 1, 2009 and 6.6(b) of the Credit Agreement for the fiscal quarter
ended December 31, 2008.

     2.     Except as expressly provided herein, (a) the execution, delivery and performance of this
Waiver shall not constitute a waiver of any provision of, or operate as a waiver of any right,
power or remedy of the Administrative Agent or any Lender under the Credit Agreement

 

 

or any other Credit Document and (b) the Credit Agreement and the other Credit Documents shall
remain in full force and effect and are hereby ratified and confirmed.

     3.     This Waiver and the rights and obligations of the parties hereunder shall be governed by,
and shall be construed and enforced in accordance with, the internal laws of the State of New York,
and without regard to conflicts of laws principles.

     4.     This Waiver may be executed in any number of counterparts and by different parties hereto
in separate counterparts, each of which when so executed and delivered shall be deemed and
original, but all such counterparts together shall constitute but one and the same instrument;
signature pages may be detached from multiple separate counterparts and attached to a single
counterpart so that all signature pages are physically attached to the same document.

[remainder of page intentionally left blank]

 

 

     IN WITNESS WHEREOF, the undersigned has caused this Waiver to be duly executed and delivered
by its respective officers thereunto duly authorized as of the date first written above.

	 	 	 	 	 
	 	LENDER:

ARNOS CORP.

 	 
	 	By:  	Keith Cozza
 	 
	 	 	Name:  	Keith Cozza 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	Agreed and Acknowledged:

XO COMMUNICATIONS, LLC

 	 
	 	By:  	Gregory Freiberg
 	 
	 	 	Name:  	Gregory W. Freiberg 	 
	 	 	Title:  	CFO	 

 

 

	 	 	 	 	 

GUARANTORS:

XO HOLDINGS, INC.

NEXTLINK WIRELESS, INC.

TELECOMMUNICATIONS OF NEVADA, LLC

V&K HOLDINGS, INC

XO ASIA LIMITED

XO COMMUNICATIONS SERVICES, INC

XO INTERACTIVE, INC.

XO INTERNATIONAL HOLDINGS, INC.

XO INTERNATIONAL, INC.

XO NEVADA MERGER SUB, INC.

XO SERVICES, INC.

XO VIRGINIA, LLC

XO NS, INC.

	 	 	 	 	 
	 	 	 
	 	By:  	                                              Gregory Freiberg
 	 
	 	 	Name:  	Gregory W. Freiberg 	 
	 	 	Title:  	CFOexv10w1

 

Exhibit 10.1

XO COMMUNICATIONS, LLC

WAIVER

WITH RESPECT TO

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT

          This Waiver (the “Waiver”), dated as of March 13, 2008, with respect to the Amended
and Restated Credit and Guaranty Agreement, dated as of January 16, 2003 (as amended, supplemented
or otherwise modified, through the date hereof, and as it may be further amended, supplemented or
otherwise modified, the “Credit Agreement”), by and among XO Communications, LLC, a
Delaware limited liability company (the “Company,” as successor by merger to XO
Communications, Inc., a Delaware corporation), certain affiliates and subsidiaries of the Company,
as Guarantors, the Lenders party thereto from time to time and Mizuho Corporate Bank, Ltd., as
administrative agent (the “Administrative Agent”).

RECITALS

          A. Capitalized terms used herein without definition shall have the same meanings herein as set
forth in the Credit Agreement.

          B. Pursuant to Section 10.5 of the
Credit Agreement, the Requisite Lenders have the right to
waive certain provisions of the Credit Documents or consent to
certain departures of any Credit Party
therefrom or may take any action contemplated in the Credit Documents, and such waiver shall be
effective upon the written concurrence of the Requisite Lenders.

          C.
Under Section 1.1
of the Credit Agreement, “Requisite Lenders” means one or
more Lenders having or holding Term Loan Exposure representing more
than 50% of the aggregate Term Loan Exposure of all Lenders.

          D. The Company anticipates entering into a
certain Note Purchase Agreement (the
“Agreement”), dated as of March 13, 2008, by and among XO Communications, LLC and the
purchasers listed in Schedule A of the Agreement (the “Purchasers”), and, in connection
therewith, XO Holdings, Inc. and certain of its subsidiaries (collectively, the “Note
Guarantors”) anticipate entering into a guaranty agreement (the “Note Guaranty”),
guaranteeing the Company’s obligations under the Agreement and the notes issued pursuant thereto
(the “Notes” and, together with the Agreement and the Note Guaranty, the “Note Purchase
Documents”).

          E. In connection with the transactions described above, the Company
has requested that the
undersigned waive compliance by the Company and the Note Guarantors with certain of the
provisions of the Credit Agreement.

          F. The undersigned desire to (i) waive compliance by the Company and the Note Guarantors
with the provisions of Sections 6.1 and 6.4 of the Credit Agreement on the terms set forth herein
and (ii) waive any right the undersigned may have to declare the occurrence of an Event of Default under Section 8.1(b) of the Credit Agreement under the
circumstances set forth herein.

 

 

          NOW THEREFORE, in consideration of the promises and the mutual covenants and agreement herein
contained, the parties hereto hereby agree as follows:

WAIVER

          1. Effective as of the date of this Waiver, the undersigned hereby waive compliance by
the Company and the Note Guarantors with the requirements of Sections 6.1 and 6.4 of the Credit
Agreement in so far as any such requirement would prevent, limit or otherwise alter the Company’s
or such Note Guarantor’s ability to enter into, perform its obligations under or consummate the
transactions contemplated by, the Agreement and the other Note Purchase Documents (including, but
not limited to, the Company’s or such Note Guarantor’s ability to make any prepayment of any amount
due pursuant to the Agreement or any other Note Purchase Document).

          2.
Effective as of the date of this Waiver, the undersigned hereby agree that the
failure of the Company or any Note Guarantor to pay when due any principal of or interest on any
Note issued pursuant to the Agreement or any other amount payable in respect of any Note Purchase
Document shall not constitute an Event of Default under Section 8.1(b) of the Credit Agreement
until or unless any Purchaser shall have declared any of the Notes then outstanding and held by it
to be due and payable (and such declaration has not been rescinded or annulled pursuant to the
terms of the Agreement).

          3. Except as expressly provided herein, (a) the execution, delivery and performance of this
Waiver shall not constitute a waiver of any provision of, or operate as a waiver of any right,
power or remedy of the Administrative Agent or any Lender under the Credit Agreement or any other
Credit Document and (b) the Credit Agreement and the other Credit Documents shall remain in full
force and effect and are hereby ratified and confirmed.

          4. This Waiver and the rights and obligations of the parties hereunder shall be governed by,
and shall be construed and enforced in accordance with, the internal laws of the State of New York.

          5. This Waiver may be executed in any number of counterparts and by different parties hereto
in separate counterparts, each of which when so executed and delivered shall be deemed an original,
but all such counterparts together shall constitute but one and the same instrument; signature
pages may be detached from multiple separate counterparts and attached to a single counterpart so
that all signature pages are physically attached to the same document.

[Remainder of page left blank intentionally]

 

 

          IN WITNESS WHEREOF,
Arnos Corp. has caused this
Waiver to be duly executed and delivered by its respective officers thereunto duly authorized as of
the date first written above.

	 	 	 	 	 
	 	LENDER:

ARNOS CORP.

 	 
	 	By:  	/s/
Keith Cozza	 
	 	 	Name:  	Keith Cozza	 
	 	 	Title:  	Authorized Signatory	 
	 
	 	Agreed and acknowledged:

XO COMMUNICATIONS, LLC

 	 
	 	By:  	
/s/ Gregory W. Freiberg	 
	 	 	Name:  	Gregory W. Freiberg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

 

 

	 	 	 	 	 	 	 
	 

	 	GUARANTORS:
	 	 
	 
	 	 	 	 	 	 
	 	 	XO HOLDINGS, INC.

NEXTLINK WIRELESS, INC.

TELECOMMUNICATIONS OF NEVADA, LLC

V&K HOLDINGS, INC.

XO ASIA LIMITED

XO COMMUNICATIONS SERVICES, INC.

XO INTERACTIVE, INC.

XO INTERNATIONAL HOLDINGS, INC.

XO INTERNATIONAL, INC.

XO NEVADA MERGER SUB, INC.

XO NS, INC.

XO SERVICES, INC.

XO VIRGINIA, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Gregory W. Freiberg	 	 
	 

	 	 	 	 

Name: Gregory W. Freiberg
	 	 
	 

	 	 	 	 Title: Chief Financial Officer

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