Document:

EX-10.1

 Exhibit 10.1 

July 28, 2014 
 James A. Hyde 

520 Rocks Farm Dr. 
 Charlottesville, VA 22903 

 

	Re:	Letter Agreement 

 Dear Jim: 

This letter agreement sets forth the complete terms under which your employment with NTELOS Holdings Corp. (the “Company”) and all
subsidiaries and affiliates of the Company (collectively, the “NTELOS Companies”) will end. 
 1. End Date. 

(a) Your last day of employment with the NTELOS Companies will be July 27, 2014 (your “End Date”). Effective on your End Date,
you will no longer be an officer, employee or a member of the board of directors of any of the NTELOS Companies. You also hereby waive any claim for future employment with any of the NTELOS Companies. 

(b) You also agree that, as of the End Date, you will resign, as soon as administratively practicable after the End Date, from the Boards of
Directors of CCA and CTIA. 
 2. Payments. As consideration for the General Release described in paragraph 9 of this letter agreement
and the other consideration described herein, the receipt and adequacy of which are hereby acknowledged, the Company will provide you with the following severance payments: 

(a) You, or should you die before receipt of the payments referenced below, your beneficiary, will receive $56,250 per month
(representing one hundred percent (100%) of your base salary in effect as of the date of this letter agreement) for eighteen (18) months for total payments of $1,012,500. These payments will be paid in such periodic installments, not less
frequently than monthly, as your base salary was being paid immediately prior to the End Date, beginning with a lump sum payment on the first payroll date occurring on or after the first day of the seventh month beginning after the End Date or, if
earlier, your death, equal to the payments you would have received prior to such date had the payments commenced immediately following your End Date, and subsequent installments in equal periodic installments thereafter, less any sums which may be
required to be deducted or withheld under applicable provisions of law. 
 3. Employee Benefits. As consideration for the General
Release described in paragraph 9 of this letter agreement and the other consideration described herein, the receipt and 

 
adequacy of which are hereby acknowledged, the Company also will provide you with the following employee benefits: 

(a) Continuation of medical, dental, vision and flexible spending plan coverage (not including disability coverage) through COBRA at the
Company’s expense (other than for the flexible spending account) for up to eighteen (18) months after the End Date. COBRA administration is handled by Ceridian COBRA. They will mail a package to your home for you and your dependents to
elect continued coverage. To the extent you are not eligible to continue such medical, dental, vision and flexible spending account coverage for the full eighteen (18) months, you will be reimbursed, on a net after-tax basis, no less frequently
than monthly, for the cost of individual insurance coverage for you and your dependents under a policy or policies that provide such benefits (which benefits do not include any flexible spending account or disability coverage) that are no less
favorable in all material respects than the benefits (not including any flexible spending account or disability coverage) provided under the Company’s medical, dental and vision plans. Notwithstanding the foregoing, the coverage or
reimbursements for coverage provided under this subparagraph 3(a) shall cease if you or your dependents become covered under any employee welfare benefit plan of any other employer of yours that provides the same or similar types of benefits. 

(b) If the benefits set forth in subparagraph 3(a) are provided through COBRA, the Company will include and report in your taxable income the
amount that is necessary for such amount, less applicable withholding taxes, to equal the portion of the monthly COBRA benefits that the Company pays on your and your eligible dependents’ behalf, and the Company will pay any sums which may be
required to be deducted or withheld with respect to such amounts under applicable provisions of law. 
 (c) Your current life insurance and
accidental death and dismemberment coverage for you and your eligible dependents will terminate as of the End Date unless you elect to convert such coverage to an individual policy in accordance with the terms of the current policy. You will be
required to pay the full premium if you elect to continue such coverage. 
 (d) You and your dependents’ rights to benefits under the
Company’s employee benefit plans in which you participate, if any, will be determined in accordance with the applicable plan documents, except as otherwise set forth herein. 

(e) Notwithstanding any other provision hereof, if any of the payments to be made or benefits to be provided pursuant to paragraph 2 or this
paragraph 3 constitute nonqualified deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended, (the “Code”), payable upon a separation from service, then such payments or benefits will be delayed,
to the extent required under Section 409A of the Code, until the first day of the seventh month beginning after the End Date or, if earlier, your death (the “409A Deferral Period”). In the event any such payments would otherwise have
been made in the 409A Deferral Period, the payments shall be accumulated and paid in a lump sum as soon as the 409A Deferral Period ends, and the balance of the payments shall be made as otherwise scheduled. In the event any of the foregoing
benefits are deferred, any such benefit may be provided during the 409A Deferral Period at your expense, with you having the right to reimbursement from the Company as soon as the 409A Deferral Period ends, and the balance of the benefits will be
provided as otherwise scheduled. 

  
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 (f) Nothing in this letter agreement shall be construed to limit the right of any NTELOS Company
to amend or terminate any of its employee benefit plans pursuant to their terms. The NTELOS Companies hereby specifically reserve the right and authority to amend and/or terminate any of their employee benefit plans as they in their sole discretion
may determine. 
 4. Standard Payments. You, or if you die before receipt of the payments referenced below, your beneficiary, will
receive payments for earned and unpaid base salary accrued through your End Date, unreimbursed business and entertainment expenses incurred or otherwise payable through your End Date and unreimbursed medical, dental and employee benefit expenses
incurred or otherwise payable through your End Date as are reimbursable under the Company’s normal policies (payable not later than thirty (30) days after your End Date). Payment of these items will be made in a manner consistent with
normal check processing schedules of the Company. Payment of unreimbursed medical, dental and other employee benefit expenses shall be paid pursuant to the terms of the applicable benefit plans. You agree that you will not be paid any accrued and
unpaid vacation pay, if any, as of the End Date. 
 5. Company Stock Awards. 

(a) Your outstanding Company Stock Options as of the End Date are set forth on Exhibit A attached hereto. None of your unvested Company
Stock Options will become vested and exercisable in connection with the end of your employment. Your vested Company Stock Options, as set forth on Exhibit A, will remain outstanding and be exercisable in accordance with the Company’s
2010 Equity and Cash Incentive Plan and the related award agreements through December 31, 2014 (but in no event will your vested Company Stock Options be exercisable beyond their latest expiration date as set forth in the related award
agreements). Your Company Stock Options that are not vested, as set forth on Exhibit A, will be forfeited as of the End Date without any payment therefor. 

(b) Your outstanding Company Restricted Stock as of the End Date is set forth on Exhibit B attached hereto. All of your outstanding
Company Restricted Stock will be forfeited as of the End Date without any payment therefor. 
 (c) Your outstanding Company Performance
Stock Units as of the End Date are set forth on Exhibit C attached hereto. All of your outstanding Company Performance Stock Units shall be forfeited as of the End Date without any payment therefor. 

(d) Any Lumos Stock Options and Lumos Restricted Stock you hold as of the End Date will be governed by the applicable terms of such awards and
take into account your voluntary resignation, without cause or good reason, from the NTELOS Companies. 
 6. Accord and Satisfaction.
You agree to sign and be bound by this letter agreement in order to receive from the Company those payments and benefits described in paragraphs 2 and 3, and for your vested Company Stock Options to remain outstanding after the End Date, none of

  
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which you would have been otherwise entitled to receive in the absence of this letter agreement. By signing this letter agreement, you accept the payments and benefits described herein as a final
accord and satisfaction of all payments and benefits due you from the NTELOS Companies relating to your employment, including, without limitation, any amounts that may be due you under the terms of your Employment Agreement dated December 7,
2010, as amended by the First Amendment to Employment Agreement dated March 25, 2012, a copy of which is attached as Exhibit D (your “Employment Agreement”), and you hereby waive any rights to receive any other payments
and benefits from the NTELOS Companies other than as described in this letter agreement, including without limitation, any payments and benefits to which you may be entitled under your Employment Agreement. You also acknowledge that you are not
entitled to receive any payments or benefits under any severance plan, arrangement, program or policy of any of the NTELOS Companies. Except as otherwise provided herein, this letter agreement constitutes the final and entire agreement between you
and the NTELOS Companies on the subject matter herein, and no other representation, promise, or agreement has been made to cause you to sign this letter agreement. All other agreements regarding your employment or the subject matter therein shall be
superceded by this letter agreement, except as expressly set forth herein. 
 7. Company Property/EMail Access. You agree to return
as soon as practicable all Company property that is in your possession or in your home. Such items include but are not limited to gas cards, credit cards, computers, wireless handsets (other than your or your family’s personal phone(s)) and
accessories, files, and reports. NTELOS Companies agrees that within fifteen (15) days after the Effective Date, it will, with NTELOS Companies oversight, provide you with reasonable access to your computer for the sole purpose of allowing you
to retrieve purely personal information. 
 8. Non-Competition, Confidential Information and Repayment. (a) You agree,
acknowledge and affirm that Sections 5, 6, 7, 8 (other than Section 8(i)), 10, 11, 13, 15 and 19 of your Employment Agreement remain in full force and effect and are not superceded, merged or otherwise affected by this letter agreement, except
as described herein, and that you will continue to be bound by the terms and conditions of Sections 5, 6, 7, 8 (other than Subsection 8(i)), 10, 11, 13, 15 and 19 of your Employment Agreement, except to the extent otherwise specifically set forth
herein. You further agree that the covenants, prohibitions and restrictions contained in this letter agreement are in addition to, and not in lieu of, any rights or remedies that the NTELOS Companies may have available pursuant to the foregoing
sections of your Employment Agreement or the laws of any jurisdiction, or the common law or equity, and the enforcement or non-enforcement by the NTELOS Companies of their rights and remedies pursuant to this letter agreement shall not be construed
as a waiver of any other rights or remedies that any of them may possess. Any breach by you of this letter agreement, including without limitation this paragraph 8, or of Sections 5, 6, 7, 8 (other than Section 8(i)), 10, 11, 13, 15 or 19 of
your Employment Agreement, or NTELOS Companies determination that, while employed by NTELOS Companies, you engaged in any fraudulent act causing monetary damage to NTELOS Companies or criminal conduct, shall be grounds for termination of
(i) any payments to be made or benefits to be delivered hereunder and (ii) any of your vested Company Stock Options that remain outstanding at such time without any payment therefor. 

  
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 (b) Notwithstanding anything in paragraph 8(a) to the contrary, you further agree as follows:

 (i) In the event you become employed by a wireless “Competitor,” as defined in Section 8(g)(ii) of your Employment
Agreement, whether as an employee or consultant, within six (6) months after the End Date, then you will not be entitled to any of the payments or benefits referenced in paragraphs 2(a) or 3(a) of this letter agreement. 

(ii) For a period of eighteen (18) months following the End Date, you will not become employed, whether as an employee or a consultant,
for Sprint Corporation or any of its subsidiaries or affiliates. In the event you become so employed, you agree to forfeit all future payments and benefits under paragraphs 2(a) and 3(a) of this letter agreement and to repay NTELOS Companies, within
thirty (30) days after any written demand by the NTELOS Companies, the gross amount of such payments and benefits previously paid to you pursuant to those paragraphs. 

(iii) In the event you become employed, whether as an employee or a consultant, by a wireless “Competitor” (referenced above)
between six (6) months and twelve (12) months after the End Date, you will receive the payments or benefits referenced in paragraphs 2(a) or 3(a) of this letter agreement only through the expiration of twelve months from the End Date, at
which point all such payments shall cease. You shall be entitled to no further such payments or benefits if you become employed by a wireless “Competitor” at any point after twelve (12) months from the End Date. 

9. General Release. (a) For and in consideration of the payments, benefits and promises set forth in this letter agreement, and
other good and valuable consideration, the sufficiency of which is hereby acknowledged, you hereby release, acquit, and forever discharge the NTELOS Companies and all their affiliates, parents, subsidiaries, partners, joint venturers, owners, and
shareholders, and all of their officers, directors, employees, representatives, and agents, and all successors and assigns thereof (each a “Released Party”), from any and all claims, charges, complaints, demands, liabilities, obligations,
promises, agreements, controversies, damages, actions, causes of action, suits, rights, entitlements, costs, losses, debts, and expenses (including attorneys’ fees and legal expenses), of any nature whatsoever, known or unknown, which you now
have, had, or may hereafter claim to have had against any of the NTELOS Companies or any other Released Party, of any kind or nature whatsoever, arising from any act, omission, transaction, matter, or event which has occurred or is alleged to have
occurred up to the date you execute this letter agreement. 
 The claims knowingly and voluntarily released herein include, but are not
limited to, all claims relating in any way to your employment with the NTELOS Companies or any Released Party, or the conclusion of that employment, whether such claims are now known or are later discovered, including claims under the Age
Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 1981, the Americans with Disabilities Act, the Family and Medical Leave Act, the Fair Labor Standards Act or other federal or state wage and hour
laws, the Employee Retirement Income Security Act, claims for breach of contract, infliction of emotional distress, claims under any other federal or state law pertaining to employment or employment benefits, and any other claims of any kind based
on any contract, tort, ordinance, regulation, statute, or constitution; provided, however, that nothing in this Agreement shall be interpreted to release any claims which you may have for workers compensation benefits. You acknowledge that this
letter agreement is a complete defense and shall constitute a full and final bar to any claim by you based on any act, omission, transaction, matter, or event which has occurred or is alleged to have occurred up to the date you execute this letter
agreement. 

  
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 (b) For good and valuable consideration, the sufficiency of which is hereby acknowledged, the
NTELOS Companies hereby release, acquit, and forever discharge you and your heirs from any and all claims, charges, complaints, demands, liabilities, obligations, promises, agreements (except as otherwise set forth in this letter agreement),
controversies, damages, actions, causes of action, suits, rights, entitlements, costs, losses, debts, and expenses (including attorney’s fees and legal expenses), of any nature whatsoever, known or unknown, which they now have, had, or may
hereafter claim to have had against you of any kind or nature whatsoever, arising from any act, omission, transaction, matter, or event which has occurred or is alleged to have occurred up to the date you execute this letter agreement; provided,
however, nothing herein releases you from any of the obligations referenced in this letter agreement, including those in paragraph 8. 

Except as set forth above, the claims knowingly and voluntarily released herein include, but are not limited to, all claims relating in any
way to your employment or the NTELOS Companies, or the conclusion of that employment, whether such claims are now known or are later discovered. Except as set forth above, this letter agreement is a complete defense and shall constitute a full and
final bar to any claim by the NTELOS Companies based on any act, omission, transaction, matter, or event which has occurred or is alleged to have occurred up to the date this letter agreement is executed. 

10. Non-Disparagement. (a) You agree not to make any statement or take any action that criticizes or disparages any of the
NTELOS Companies, any Released Party or their parents, subsidiaries or affiliates, their employees, officers, directors, representatives or agents, their management or their practices or that disrupts or impairs their normal operations, except that
nothing in this letter agreement shall be interpreted to limit your rights to confer with counsel or to provide truthful testimony pursuant to subpoena, notice of deposition or as otherwise required by law. This provision is in addition to, and not
in lieu of, the substantive protections under applicable law relating to defamation, libel, slander, interference with contractual or business relationships, or other statutory, contractual, or tort theories.

(b) The Company agrees that the current Executive Officers (“EOs”) and current members of the Board of Directors of NTELOS Holdings
Corp. (“Board”) will not make any statement or take any action that criticizes or disparages you, and EOs agree to affirmatively instruct employees of the Company at the Vice President level or above not to make any statement or take any
action that criticizes or disparages you; provided, nothing herein shall be interpreted to limit any individual’s rights to confer with counsel or to provide truthful testimony pursuant to a subpoena, notice of deposition or as otherwise
required by law. This provision is in addition to, and not in lieu of, the substantive protections under applicable law relating to defamation, libel, slander, interference with contractual or business relationships, or other statutory,
contractual, or tort theories.
 11. Receipt and Effective Date. You acknowledge that you have read and understand this letter
agreement, that you are hereby provided a period of no less than forty-five (45) calendar days to consider its terms, and that you are hereby advised in writing to discuss its terms 

  
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with an attorney or other advisor before executing the letter agreement, and that your execution is purely voluntary. This letter agreement will not become effective and enforceable until seven
(7) days after your execution of same (which must occur on or before the expiration of forty-five (45) days after your End Date). You further understand that you may revoke this letter agreement within seven (7) calendar days after
the date you have signed it by delivering written notice of revocation to General Counsel, NTELOS Holdings Corp., 1154 Shenandoah Village, Waynesboro, VA 22980. If the end of such revocation period falls on a Saturday, Sunday or legal holiday in the
Commonwealth of Virginia, the revocation period shall be extended until the next day that is not a Saturday, Sunday or legal holiday in the Commonwealth of Virginia. Notwithstanding anything contained herein to the contrary, you understand and agree
that, if you fail to sign the letter agreement on or before the expiration of forty-five (45) days after the End Date, or if you revoke the letter agreement before the expiration of the revocation period, this letter agreement shall be canceled
and void and neither party shall have any rights or obligations arising under it, and you will not be entitled to receive any payments or benefits under this letter agreement not otherwise payable absent this letter agreement. Notwithstanding any
other provision of this letter agreement, no payments or benefits shall be made hereunder for the sixty (60) days immediately following the End Date. Any payments to be made or benefits to be delivered during such sixty (60) days will be
delayed until the expiration of such sixty (60)-day period. Any payments that would otherwise have been paid during that time shall be accumulated and paid in a lump sum immediately after the expiration of such period. Any benefit to be delivered
during such time may be continued at your expense, with you having the right to reimbursement immediately after the expiration of such period. You further acknowledge that the payments and benefits set forth in paragraphs 2 and 3 herein would not be
otherwise payable, and your vested Company Stock Options would not have remained outstanding after the End Date, in the absence of your agreement to the General Release in paragraph 9. 

12. Severability. Except as set forth below, the terms, conditions, covenants, restrictions, and other provisions contained in this
letter agreement are separate, severable, and divisible. If any term, provision, covenant, restriction, or condition of this letter agreement or part thereof, or the application thereof to any person, place, or circumstance, shall be held to be
invalid, unenforceable, or void, the remainder of this letter agreement and such term, provision, covenant, or condition shall remain in full force and effect to the greatest extent practicable and permissible by law, and any such invalid,
unenforceable, or void term, provision, covenant, or condition shall be deemed, without further action on the part of the parties hereto, modified, amended, limited, or deleted to the extent necessary to render the same and the remainder of this
letter agreement valid, enforceable, and lawful. In the event that any portion of the General Release in paragraph 9 is deemed void or unenforceable, the Company shall have no further obligation to provide any further payments or benefits under
paragraphs 2 and 3 above, any of your vested Company Stock Options that remain outstanding at such time will terminate without any payment therefor, and you agree to repay (i) the gross amount of any payments and the value of any benefits
described in paragraphs 2 and 3 which you previously received under this letter agreement and (ii) the gross value you received from any previous exercise of any of the vested Company Stock Options that remained outstanding as of the End Date,
none of which you would have been entitled to receive in the absence of your agreement to the General Release in paragraph 9. 

  
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 13. Taxes. You shall be responsible for any tax consequences of any payments made or
benefits provided pursuant to this letter agreement, except for any applicable taxes that the Company withholds. You acknowledge and agree that the Company is not undertaking to advise you with respect to any tax consequences of this letter
agreement, and that you are solely responsible for determining those consequences and satisfying all of your applicable tax obligations resulting from any payments described herein. 

14. Assignment. Your rights and obligations under this letter agreement are personal to you and may not be transferred by you by
assignment or otherwise. 
 15. Non-Waiver. Neither any course of dealing nor any failure or neglect of either party hereto in any
instance to exercise any right, power, or privilege hereunder or under law shall constitute a waiver of that right, power, or privilege or of the same right, power, or privilege in any other instance. Any waiver by either party hereto must be
contained in a written instrument signed by the party to be charged with such waiver and, in the case of the Company, by an authorized officer. 

16. Acknowledgements. You acknowledge that you have read this letter agreement and understand its terms. You have been provided with a
full and fair opportunity to consult with an attorney of your choosing and to obtain any and all advice you deem appropriate with respect to this letter agreement. In light of the foregoing, you are satisfied with the terms of this letter agreement
and agree that its terms are binding upon you. Nothing in this letter agreement shall be deemed an admission by any of the NTELOS Companies, or by you, of any violation of any agreement, statute, law or right or of any wrongdoing of any kind. 

17. Non-Disclosure. You covenant and agree that you will not disclose the existence or terms of this letter agreement to any person
except (i) licensed attorney(s) for the purpose of obtaining legal advice, (ii) licensed or certified accountant(s) for purposes of preparing tax returns or other financial services, (iii) proceedings to enforce the terms of this
letter agreement, or (iv) as otherwise required by law or court order. However, nothing herein shall limit your ability to confer with legal counsel, to testify truthfully under subpoena or court order, or to cooperate with an investigation by
a municipal, state or federal agency for enforcement of laws, and you may disclose the existence or terms of this letter agreement to your spouse or other immediate family, including your parents, provided you take reasonable measures to assure that
she or they do not disclose the existence or terms of this letter agreement to a third party, except as otherwise allowed herein. The foregoing non-disclosure will not apply to the existence and terms of this letter agreement on and after, but only
to the extent that, they become public knowledge upon any filing with the United States Securities and Exchange Commission. 
 18.
Previous Agreements. You agree and specifically acknowledge that the Company and you are entering into this letter agreement for the purpose of amicably resolving any and all issues relating to your employment with the NTELOS Companies and
its cessation. This letter agreement supercedes any previous agreement(s), whether written or oral, that you may have had with any of the NTELOS Companies, including your Employment Agreement, and any other such agreement is merged into and
extinguished by this letter agreement, except as expressly provided otherwise in this letter agreement. 

  
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 19. Governing Law and Interpretation. This letter agreement shall be deemed to be made in,
and in all respects shall be interpreted, construed, and governed by and in accordance with the laws of the Commonwealth of Virginia, notwithstanding any choice of law provisions otherwise requiring application of other laws. It shall be interpreted
according to the fair meaning of the terms herein and not strictly in favor of, or against, either party. 
 20. Amendments. No
amendment or modification of this letter agreement shall be binding or effective for any purpose unless made in a writing signed by the party against whom enforcement of such amendment or modification is sought. 

21. Section 409A. Notwithstanding any other provision of this letter agreement, it is intended that any payment or benefit
provided hereto that is considered nonqualified deferred compensation subject to Section 409A of the Code will be provided and paid in a manner, and at such time and in such form, as complies with the applicable requirements of
Section 409A of the Code. For purposes of this letter agreement, all rights to payments and benefits hereunder will be treated as rights to a series of separate payments and benefits to the fullest extent allowable by Section 409A of the
Code. Notwithstanding any other provision of this letter agreement, however, neither the Company nor any of the Released Parties shall be liable to you in the event any provision of this letter agreement fails to comply with, or be exempt from,
Section 409A of the Code. 
 22. Beneficiary. You may designate one or more individuals or entities as your beneficiary under
this Agreement and change any prior beneficiary designation, so long as such designation or change in designation is in writing and delivered to Vice President, Human Resources or her successor, at the address set forth in paragraph 11 above, prior
to your death. In the absence of a valid beneficiary designation, or should your designated beneficiary predecease you, your estate shall be your beneficiary. Your beneficiary shall be entitled to receive any payments owed to you after your death,
and to exercise any rights you had prior to your death, to the extent such payments or rights are to continue after your death. 
 23.
Indemnification. This letter agreement shall not affect your right to indemnification for any claims or liabilities arising from your acts and/or omissions as an officer or director of any of the NTELOS Companies to the extent provided by
law, the governing documents of the applicable NTELOS Company or applicable directors and officers insurance policies then in place. 

  
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 Please sign and date in the space below to accept the terms of this letter agreement and the end
of your employment with the NTELOS Companies and return the executed letter agreement to me for the Company’s files. If you have any questions, please let me know. 

 

			
	Sincerely,
	
	NTELOS HOLDINGS CORP.
		
	By:	 	 /s/ Brian J. O’Neil

		 	Brian J. O’Neil
		 	Executive Vice President, General Counsel

 IN WITNESS WHEREOF, the undersigned has signed and executed this letter agreement on the date set
forth below as an expression of his intent to be bound by the foregoing terms of this letter agreement, including without limitation the General Release set forth in paragraph 9 of the letter agreement. 

 

			
	By:	 	 /s/ James A. Hyde

		 	James A. Hyde
		
	Date:	 	July 28, 2014

  
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 Exhibit A 

Portfolio Summary of Option Grants as of End Date 
  

																	
	 Grant Date
	  	Exercise
Price	 	  	Outstanding
Balance	 	  	Options
Exercisable
Balance*	 	  	Forfeited
as of
End Date	 
	 3/30/2009
	  	$	21.66	  	  	 	159,638	  	  	 	159,638	  	  	 	0	  
	 12/17/2009
	  	$	21.60	  	  	 	114,181	  	  	 	114,181	  	  	 	0	  
	 2/28/2011
	  	$	23.98	  	  	 	77,467	  	  	 	58,099	  	  	 	19,368	  
	 2/29/2012
	  	$	23.25	  	  	 	219,817	  	  	 	109,908	  	  	 	109,909	  
	 4/26/2012
	  	$	18.90	  	  	 	161,094	  	  	 	64437	  	  	 	96,657	  
	 3/6/2013
	  	$	12.47	  	  	 	326,087	  	  	 	81,521	  	  	 	244,566	  
	 3/14/2014
	  	$	12.93	  	  	 	171,230	  	  	 	0	  	  	 	171,230	  

  

	*	Expire 12/31/14 

 Exhibit B 

Portfolio Summary of Restricted Stock Forfeited as of End Date 
  

					
	 Grant Date
	  	Forfeited
Balance	 
	 2/29/2012
	  	 	30,791	  
	 4/26/2012
	  	 	14,052	  
	 3/6/2013
	  	 	41,411	  
	 3/14/2014
	  	 	34,554	  

 Exhibit C 

Portfolio Summary of PSUs forfeited as of End Date 
  

					
	 Grant Date
	  	Forfeited
Balance	 
	 3/6/2013
	  	 	41,411	  
	 3/14/2014
	  	 	34,554	  

 Exhibit D 

[Copy of Employment Agreement, as amended]EX-10.2

 Exhibit 10.2 

PROFESSIONAL SERVICES AGREEMENT 

THIS PROFESSIONAL SERVICES AGREEMENT (this “Agreement”) is made and entered into as of July 28, 2014 (the
“Effective Date”), by and between NTELOS HOLDINGS CORP., a corporation organized and doing business under the laws of the State of Delaware (the “Company”), and RODNEY D. DIR, an individual resident in the State of
Ohio (“Consultant”). 
 In consideration of the promises and covenants of the Company and Consultant set forth below, the parties hereby agree as
follows: 
  

	1.0	DESCRIPTION OF SERVICES 

  

	1.1	Scope of Work. Consultant shall perform the duties of a President and Chief Operating Officer of the Company by providing the services described in the Scope of Work attached to this Agreement as Exhibit
“A” (the “Scope of Work”) and/or as modified in writing by the Company and Consultant and made a part of this Agreement (collectively, the “Services”). Consultant shall perform the Services in consultation with and
at the direction of the Company’s Board of Directors (the “Board”). Consultant agrees to comply with the Company’s Code of Business Conduct and Ethics and the other policies that are applicable to the Company’s executives.
Consultant will devote such business time and attention as is reasonably necessary to perform the Services, with the principal location at which Consultant is to perform the Services being the Company’s office in Waynesboro, Virginia.

  

	1.2	Standard of Care. Consultant warrants that all Services shall be performed faithfully and to the best of Consultant’s ability and with the skill, care and diligence which would be exercised by those who
perform similar services at the time the Services are performed. Consultant shall report to the Board, or such other persons as the Board may otherwise designate, on a regular basis or as otherwise requested. 

 

	1.3	Independent Contractor. Consultant is an independent contractor. Nothing in this Agreement shall be construed to establish any association, partnership, joint venture, employee or agency relationship between
Consultant and the Company. Consultant shall not be eligible for any of the Company’s employee or other benefits, other than the restricted stock to be granted to Consultant under the Company’s 2010 Equity and Cash Incentive Plan
referenced in Section 2.3 below. 

  

	2.0	COMPENSATION 

  

	2.1	Rates. Consultant shall be compensated for the Services at an annualized rate of $400,000 for providing Services on a full-time basis, payable in accordance with the Company’s normal payroll schedule.

  

	2.2	Bonus. Consultant will be eligible for a bonus of $150,000 at the earlier of (i) termination of this Agreement and Consultant’s Services hereunder (other than termination by Consultant without cause or
by the Company for cause) and (ii) January 31, 2015. Such bonus will be based upon Consultant’s achievement of performance standards set by the Board, paid at the sole discretion of the Board based on the Company’s achievement of
such performance standards as determined by the Board and paid, if at all, within 30 days after the earlier of such times. In the event that Consultant continues to furnish Services after January 31, 2015, the parties agree to discuss in good
faith the establishment of a bonus program for Consultant for such subsequent period and, if there is agreement, such program will be documented and signed by both parties. 

  

	2.3	2010 Equity and Cash Incentive Plan. Consultant will receive a grant of 12,000 shares of restricted stock under the Company’s 2010 Equity and Cash Incentive Plan, with such shares of restricted stock to vest
on the earlier of (i) termination of this Agreement and Consultant’s Services hereunder (other than termination by Consultant without cause or by the Company for cause) and (ii) January 31, 2015, provided in any such case that
Consultant continues to provide Services from the date hereof through the earlier of such times. 

  

	2.4	Housing Allowance. As Consultant’s performance of Services is temporary (and will not in any event exceed twelve (12) months), Consultant will be reimbursed for reasonable and documented housing
expenses in the Waynesboro or surrounding area (not to exceed $2,500 per month) and reasonable and documented travel expenses associated with travel from and to Consultant’s permanent home in the State of Ohio. 

 

	2.5	Reimbursement. The Company also shall reimburse Consultant for reasonable and documented business-related travel, meals, lodging and other routine administrative expenses incurred by Consultant in connection with
the performance of Services under this Agreement, subject to adequate supporting documentation. 

  

	2.6	Equipment. The Company shall provide Consultant, at no cost to Consultant, with computer equipment, a mobile phone (including the service plan), video conferencing equipment for his home in Ohio, and such other
equipment reasonably necessary for the performance of the Services. 

  

	2.7	Insurance. The Company shall maintain Director and Officer insurance coverage for benefit of Consultant in such amounts and with such coverages as are applicable to the Company’s senior executives.

  

	2.8	Invoicing, Itemization and Payment Procedures. Consultant shall invoice the Company on a monthly basis for Consultant’s rates, housing allowances and expenses for the immediately-preceding calendar month
throughout the term of this Agreement. The Company shall pay such invoices within thirty (30) days of receipt. 

  

	2.9	Taxes. Consultant shall pay all applicable taxes incurred as a result of the compensation paid by the Company to Consultant for Services rendered under the Agreement. The Company shall not be responsible for
paying or withholding any taxes on behalf of Consultant. Consultant shall indemnify and hold the Company and its affiliates and their officers, directors, employees, agents and other contractors harmless from any liability arising from or in
connection with any taxes Consultant is required to pay on any compensation paid by the Company to Consultant pursuant to this Agreement. 

  

	3.0	TERM AND TERMINATION OF THIS AGREEMENT 

  

	3.1	Term. The term of this Agreement shall begin on the date set forth above and shall continue until terminated as described below. It is expected that the Board will terminate this Agreement on, or within a short
time after, the appointment of a permanent Chief Executive Officer of the Company. In no event will the term of this Agreement extend beyond January 31, 2015. 

  
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	3.2	Termination. The Board or Consultant may terminate this Agreement for any reason other than for cause upon thirty (30) days prior written notice to the other party. Either the Board or Consultant may
terminate this Agreement for cause immediately upon written notice to the other party. Cause for purposes of this Agreement includes any material breach of this Agreement which remains uncured ten (10) days after the breaching party has
received written notice from the non-breaching party of the breach of this Agreement. Cause also shall include Consultant’s (i) refusal or failure to act in accordance with specific lawful directions from the Board,
(ii) unavailability to perform Services or unsatisfactory performance of Services, in either case as the Board may reasonably determine, (iii) performance of any Services in bad faith or to the detriment of the Company,
(iv) dishonesty or misconduct in the performance of Services or (v) actions that harm or may harm the reputation of the Company or any of its affiliates. 

 

	3.3	Board Role. Consultant shall continue as a member of the Board (subject to any removal or election procedures provided in the Company’s By-Laws or Articles of Incorporation or as otherwise provided by law)
during the term of this Agreement, but shall not be entitled to any Board fees during such period. Upon termination of this Agreement and Consultant’s Services hereunder, other than termination by the Company for cause, Consultant shall
continue as a member of the Board subject to any removal or election procedures provided in the Company’s By-Laws or Articles of Incorporation or as otherwise provided by law. Following termination of the Agreement (other than by the Company
for Cause), Consultant shall be entitled to any annual equity grant(s) made to the other independent members of the Board that occurred during the term of this Agreement, provided that such grant(s) shall be reduced ratably to reflect the period of
time that this Agreement was in effect during the period covered by the grant(s). In the event that this Agreement is terminated for cause, Consultant agrees to immediately tender his resignation from the Board and from any boards of directors of
the Company’s affiliates upon which he is a member, as well as from any board (or similar body performing governance functions) of any trade organization upon which he served by virtue of his relationship with the Company. 

 

	4.0	CONFIDENTIALITY 

  

	4.1	 Company Information. Consultant agrees that during his term of service with the Company and for a period of three (3) years following the
termination or resignation of Consultant from service with the Company, Consultant shall not, directly or indirectly, divulge or make use of any Confidential Information (as described below) of the Company other than in the performance of
Consultant’s Services for the Company. While in service with the Company, Consultant shall make all reasonable efforts to protect and maintain the confidentiality of the Confidential Information of the Company. In the event that Consultant
becomes aware of unauthorized disclosures of the Confidential Information by anyone at any time, whether intentionally or by accident, Consultant shall promptly notify the Company. This Agreement does not limit the remedies available to the Company
under common or statutory law as to trade secrets or other types of confidential information, which may impose longer duties of non-disclosure. “Confidential Information” means all valuable and/or proprietary information (in oral, written,
electronic or other forms) belonging to or pertaining to the Company, its affiliates, their customers, employees and vendors, that is not generally known or publicly available, and which would be useful to competitors of the

  
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Company and its affiliates or otherwise damaging to the Company and its affiliates if disclosed. Confidential Information may include, but is not necessarily limited to: (i) the identity of
Company or affiliate customers or potential customers, their purchasing histories, and the terms or proposed terms upon which Company and its affiliates offer or may offer their products and services to such customers, (ii) the identity of
Company or affiliate vendors or potential vendors, and the terms or proposed terms upon which the Company or affiliate may purchase products and services from such vendors, (iii) the terms and conditions upon which the Company and its
affiliates employ their employees and independent contractors, (iv) marketing and/or business plans and strategies, (v) financial reports and analyses regarding the revenues, expenses, profitability and operations of the Company and its
affiliates, (vi) technology used by the Company and its affiliates to provide their services, (vii) information provided to the Company or any affiliate by third parties under a duty to maintain the confidentiality of such information and
(viii) the terms of this Agreement. Notwithstanding the foregoing, Confidential Information does not include information that: (i) has been voluntarily disclosed to the public by the Company or any affiliate, except where such public
disclosure has been made by Consultant without authorization from the Company or any affiliate; (ii) has been independently developed and disclosed by others, or (iii) which has otherwise entered the public domain through lawful means.

  

	4.2	Duty to Return Company Property and Information. Consultant agrees not to remove any Company property from Company premises, except when authorized by the Company. Consultant agrees to return all Company property
and information (whether confidential or not) within Consultant’s possession or control within seven (7) calendar days following the termination or resignation of Consultant from service with the Company. Such property and information
includes, but is not limited to, the original and any copy (regardless of the manner in which it is recorded) of all information provided by Company or any affiliate to Consultant or which Consultant has developed or collected in the scope of
Consultant’s service with the Company, as well as all Company-issued equipment, supplies, accessories, vehicles, keys, instruments, tools, devices, computers, cell phones, pagers, materials, documents, plans, records, notebooks, drawings, or
papers. Upon request by the Company, Consultant shall certify in writing that Consultant has complied with this provision, and has permanently deleted all Company or affiliate information from any computers or other electronic storage devices or
media owned by Consultant. Consultant may only retain information relating to the Consultant’s compensation to the extent needed to prepare Consultant’s tax returns. 

 

	4.3	Equitable Remedies. The Consultant acknowledges that remedies at law may be inadequate to protect the Company against any actual or threatened breach of the provisions of this Section 4 and, without
prejudice to any other rights and remedies otherwise available to the Company, Consultant agrees to the granting of specific performance and injunctive or other equitable relief in favor of the Company without proof of actual damages. Such remedy
shall not be deemed to be the exclusive remedy for a breach of the provisions of this Section 4 by Consultant but shall be in addition to all other remedies available to the Company at law or in equity. 

  
 4 

	5.0	GENERAL 

  

	5.1	Amendments and Waivers. No amendment or waiver of any provision of the Agreement shall be effective unless the same shall be in writing and signed by both parties. In addition, no course of dealing or failure of
a party to strictly enforce any term or condition of the Agreement shall be construed as a waiver of such term or condition. 

  

	5.2	Notices. All notices, requests, demands and other communications under the Agreement shall be in writing and shall be deemed to have been duly given when (a) delivered personally, or (b) delivered to
the party’s respective address herein stated or at such other address as may hereafter be designated by the party, by an internationally recognized overnight courier service (costs prepaid), in each case with confirmed receipt.

 If to the Company, to: 

NTELOS Holdings Corp. 
 1154
Shenandoah Village 
 Waynesboro, VA 22980 

Attn: General Counsel 
 If to
Consultant, to: 
 Rodney D. Dir 

3493 Holly Lane 
 Cincinnati,
Ohio 45208 
  

	5.3	Construction and Severability. The laws of the Commonwealth of Virginia shall apply to all questions regarding the interpretation, modification, breach or enforcement of this Agreement. The provisions of this
Agreement shall be presumed to be enforceable, and any reading causing unenforceability shall yield to a construction permitting enforcement. In the event that a court should determine that any provision of this Agreement is overbroad or otherwise
unenforceable as written, the parties authorize such court to modify and enforce such provision to the extent the court deems reasonable. If any provision of this Agreement shall be found by a court to be overbroad or otherwise unenforceable and not
capable of modification, it shall be severed and the remaining covenants and clauses enforced in accordance with the tenor of this Agreement. 

  

	5.4	Remedies and Forum. The parties agree that they will not file any action arising out of or relating in any way to this Agreement other than in the United States District Court for the Western District of Virginia
or any state court sitting in Waynesboro, Virginia. The parties consent to personal jurisdiction and venue solely within these forums and waive all possible objections thereto. The prevailing party shall be entitled to recover its costs and
attorney’s fees from the non-prevailing party in any such proceeding within thirty (30) days after any settlement or final adjudication of such proceeding. Consultant waives any defense to enforcement of the provisions of this Agreement by
injunction or otherwise based on claims Consultant has or alleges to have against the Company. 

  

	5.5	 Miscellaneous. This Agreement represents the entire understanding between Consultant and the Company on the matters addressed herein and may
not be modified, changed or altered by any promise or statement by the Company until such modification has been 

  
 5 

	 	
approved in a writing signed by Consultant and an authorized representative of the Company. The failure of Company to contest a breach of any provision of this Agreement by Consultant shall not
be construed as a waiver of rights with respect to any subsequent breach by Consultant. Consultant consents to the assignment of this Agreement by the Company, and agrees that the rights of the Company hereunder shall inure to the benefit of its
successors and assigns. Consultant may not assign this Agreement, as the obligations hereunder are personal to the Consultant. 

  

	5.6	Assignment. Consultant shall not assign his rights and obligations under the Agreement without the prior written consent of the Board. Consultant further agrees not to subcontract or delegate any Services to any
third party without the Board’s prior written consent. 

  

	5.7	Entire Agreement. The Agreement, together with and including the Exhibit hereto, constitutes the entire agreement between the Company and Consultant and may not be amended or modified except by a written
instrument signed by all parties. 

  

	5.8	Counterparts. The Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed an original. 

 

	5.9	Survival. The termination or expiration of this Agreement shall not affect the enforceability of any provision which, by its terms, survives expiration or termination of this Agreement. Such provisions include,
without limitation, all of Section 4 and Sections 5.4, 5.9 and 5.10. 

  

	5.10	409A. The provisions of this Agreement and all compensation provided for under this Agreement are intended to comply with or be exempt from the requirements of Section 409A of the Internal Revenue Code of
1986, as amended (the “Code”). Each payment under this Agreement is intended to constitute a separate payment for purposes of Section 409A of the Code. Notwithstanding the foregoing, in no event shall the Company be liable to
Consultant to the extent any compensation provided under this Agreement fails to comply with or be exempt from the requirements of Section 409A of the Code. 

[Signature Page Follows] 

  
 6 

 IN WITNESS WHEREOF, the undersigned have signed and executed this Agreement on the dates set forth below
as an expression of their intent to be bound by the foregoing terms of this Agreement. 
  

							
	NTELOS HOLDINGS CORP.	 		 		 	RODNEY D. DIR
				
	 /s/ Brian J. O’Neil
	 		 		 	 /s/ Rodney D. Dir

	Brian J. O’Neil	 		 		 	
	EVP, General Counsel	 		 		 	Date: 7/31/14
	Date: 7/31/14	 		 		 	

  
 7 

 Exhibit 10.2 

EXHIBIT A 

Scope of Work/Proposal 

Services: 
 Consultant shall direct the
Company’s strategic initiatives, oversee its operations, participate in the recruitment of a permanent Chief Executive Officer and perform such other duties requested by the Board and consistent with the duties of a President and Chief
Operating Officer. The Consultant shall sign as the Company’s principal executive officer any applicable filings and certifications required by the rules and regulations of the Securities and Exchange Commission and/or the NASDAQ Stock Market.

  
 A-1

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