Document:

Exhibit 10.22

 

November 7,
2008

 

James
M. Tholey

698
Longview Drive

Huntingdon
Valley, PA 19006

 

Dear
Jim,

 

Previously,
the terms of your employment with Sabre have been outlined in two letters, one
dated December 26, 2007, and one dated April 30, 2008 and a
Noncompete Nondisclosure Agreement, all of which are attached.  The terms set forth in those documents remain
in full force and effect, except to the extent modified below, and are
incorporated by reference.  This letter
is intended to modify paragraphs 10 and 11 of the December 26, 2008 offer
letter and provisions in the April 30, 2008 letter regarding stock grants
and stock options as follows:

 

10.         Stock

A.           Stock Grant. - You are
being granted 11,000 shares of Sabre Communications restricted stock, to be
held under the terms of Sabre’s Incentive Restricted Stock Grant Plan, a copy
of which is attached.  The granted shares
are expressly subject to the following vesting schedule: 20% of the shares are
vested as of your date of hire, January 28, 2008.  An additional 20% of the shares shall vest on
each January 28th thereafter so that all shares under this grant
are fully vested as of January 28, 2012. 
Should the company be sold prior to January 28, 2010, the remaining
non-vested shares will fully vest as of the date of sale of the Company.

 

B.             Stock Options - Effective
with your date of hire a total of 10,000 stock options in Sabre Communications restricted
stock are being made available to you to purchase, at your sole option.  These options vest in equal amounts of 20%
per year commencing with a vesting of 20% upon your date of hire.  Should the Company be sold, all remaining
shares, that are not vested, will vest on the date of sale of the Company. The
option price is currently $32.86, which, for any future options provided, may
be changed at Sabre’s sole discretion.  Attached
is a copy of Sabre Communications Holdings, Inc. Nonqualified Stock Option
Plan which outlines the terms of this plan. 
Based on your performance and the Company meeting its financial targets,
consideration may be given to providing you additional stock options.

 

11.         Other Compensation:  You will be eligible to participate in the
Executive Incentive Compensation Plan (ECIP) with potential bonus payout of up
to 55% of your base pay, based on established financial goals.  There are other incentive compensation
programs that are in place that can provide additional compensation based on
achieving specific financial goals.  One
program is a Sale or Exit Bonus with potential payments calculated by
Corinthian Capital Group and approved by Sabre’s CEO.  At the time Sabre is sold, if the cash on
cash return is at least 6x, and at the CEO’s discretion, you could receive a
bonus from the Sale or Exit Bonus pool of at least $350,000.  More details on this and other programs will
be provided after your employment date with Sabre.

 

 

Modifications
to these two paragraphs are effective as of the date of this letter.  Taken together, the letters dated December 26,
2008, April 30, 2008, the Nondisclosure Noncompete Agreement you signed, along
with this letter constitute the terms of your employment with Sabre.  You remain an at-will employee.  After you have reviewed this letter, please
sign below.  By signing, you are
acknowledging receipt of this letter and your agreement to the terms set forth
above.

 

	
  Sincerely,

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/
  James D. Mack

  	
   

  	
   

  
	
  James
  D. Mack

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Acknowledged
  and agreed to by:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/
  James M. Tholey

  	
   

  	
  Date:

  	
  12/08

  
	
  James
  M. TholeyExhibit
10.23

 

November 2,
2007

 

Mr. David J.
de Poincy

2117 Dana Court

Flower Mound,
Texas

75028

 

Dear David:

 

We are pleased to
offer you the opportunity to join Sabre Industries, Inc. as part of the
new corporate organization located in the Philadelphia, PA area.  This offer presents an exciting opportunity
for both you and the Company, and we are confident that this will be a very
successful relationship.

 

The following will
briefly summarize the key highlights of your employment offer:

 

1.               Job Title:  Corporate Director,
Strategic Development

 

2.               Reporting Relationship: 
You will report to James D. Mack, President & CEO. Your
responsibilities will be further defined once you have joined the Company.

 

3.               Starting Date: As discussed your starting date will be Monday, November 12,
2007.

 

4.               Starting Salary:  The base
salary will be $2,500.00 week or $130,000 annualized.  Paychecks/direct deposits are issued weekly
on Friday, and you will receive your first pay on the second Friday after your
first day.

 

Sabre agrees to evaluate your compensation in accordance with
satisfactory performance and continued growth of the organization.  Your contributions, along with the success of
the Company, will be recognized and rewarded accordingly.  Reviews are at the next fiscal year end following
the completion of one year of service, which will be April 30, 2009.

 

5.               Initial Benefits:  Health,
dental, flexible spending accounts, disability and life benefits will become
effective on the first of the month following 30 days of employment.  The Company pays the majority of the benefit
cost.  Single employees contribute $28
per week and employees with family coverage contribute $67 per week.

 

Personal Paid Leave (combined vacation and personal time off) accrual
will start on your date of hire at the rate of 2.77 hours per week, for a maximum
of 18 days per year.  PPL and holiday pay
eligibility are effective on date of hire.

 

Eligibility for 401(k) benefit will begin after one (1) months
of employment, coinciding with the quarterly enrollment period.

 

 

6.          Annual Bonus:  You will be
eligible to participate in Sabre Industries annual incentive plan.  Your bonus plan will be developed over the
next several months and you will be provided with the details of the plan at
that time.  It is expected that the
target bonus for meeting the established goals will be up to 25%.

 

7.               Business & Travel Expenses: 
Sabre will reimburse your business related and Company travel expenses.
The Company will provide a mobile phone and laptop.

 

8.               Proprietary Information and Goodwill:  As an employee of Sabre Industries, Inc. you
are required to execute the attached agreement of Confidential Information and
Covenant Not to Compete. It is understood that if you have a confidentiality/ nondisclosure
agreement with prior employers, you will honor the terms of those agreements
while employed at Sabre Industries, Inc.

 

Naturally, this is a summary only.  Your employment will be subject to policies
established by the Company from time to time or set forth in our employee
policy manual, or other documents which will be brought to your attention, and
your specific benefits will be subject to the terms, conditions, and
eligibility requirements of the Company’s existing benefit plans and
policies.  You will be provided copies of
those plans and policies when you begin work.

 

Sabre Industries believes strongly that its employee relationships are
based on mutual trust, respect, and satisfaction.  It is our policy that all employees are free
to terminate the employment relationship at any time and the Company reserves
the same right.  This is generally
referred to as “employment-at-will.” 
Your employment will be subject to this principle.

 

This job offer is contingent upon your successful completion of a
job-related physical, drug screen, background check, reference check and
verification of prior employment.

 

If you have any questions, please feel free to call me, and I will be
happy to answer them for you.  We are
very excited about having you join our team, and look forward to hearing from
you shortly.

 

To formalize your acceptance of this offer please sign, a copy of this
letter and return it to Jane Wyatt-Berg in the Sioux City office by Friday, October 26,
2007.

 

	
  Sincerely,

  	
   

  	
  I accept this
  employment offer set forth above,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ David J. de
  Poincy,

  
	
  James G.
  Paterson

  	
   

  	
  David J. de
  Poincy,

  
	
  Corporate
  Director, Human Resources

  	
   

  	
   

  
	
   

  	
   

  	
  11-8-07

  
	
   

  	
   

  	
  Date

  

 

	
  Att:

  	
  non-compete

  

 

2Exhibit 10.24

 

April 11,
2008

 

David
J. de Poincy

2117
Dana Court

Flower
Mound, TX 75028

 

Dear
David,

 

The
purpose of this letter is to outline the current terms of your employment and
Sabre’s commitment to provide certain stock options and compensation once these
programs are fully developed. All prior agreements including your initial offer
of employment letter dated November 2, 2007 are still in place except as
modified by this letter. The Non-compete, Non-solicitation and Confidentiality
Agreement referred to and attached with the initial offer letter remains in
force.

 

Effective
March 10, 2008, you were promoted to President Sabre Divisions and
Executive Vice President Central Operations. 
You will continue to report directly to me.  Your annualized base pay was increased to
$200,000 or $3846.15 per week.

 

Reporting
to you in your new position are:

 

·                  Dean Barkman, VP & GM Sabre Tubular
Structures

·                  Brian Newberg, VP & GM Sabre Towers &
Poles

·                  John Pleiss, VP & GM Sabre Site
Solutions

·                  Lloyd Myers, Corporate Director Operations

·                  General Manager Sabre Galvanizing Inc. —
position currently open

·                  Director Procurement — position currently
open

 

You
will continue to be eligible for Sabre’s benefits outlined in your initial
offer letter.  This includes 18 days of
PPL.

 

Once
an annual incentive bonus plan is developed for the senior management group,
you will be eligible to participate in that program.

 

It
is Sabre’s intent to make available to you 3000 stock option shares at an
option price of $32.86 per share. Separate stock option documents will be
provided to you once the stock is available, which the company expects to
resolve in the near future.  We
understand you were provided with Sabre Industries’ stock option document
indicating the 1500 shares as part of the initial offer of employment package. The
Company is providing an additional 1500 shares at this time.  You became vested in 20% of the initial 1500 options
on your date of hire, November 13, 2007. 
As of the date of this letter there remain 2700 shares that are not
vested. For the remaining 2700 shares, you will vest 20% per year on each
anniversary of your date of hire.

 

Congratulations
on your promotion. Please let me know if you have any questions.

 

	
  Sincerely,

  	
   

  
	
   

  	
   

  
	
  /s/
  James D. Mack

  	
   

  
	
  James
  D. Mack

  	
   

  
	
  CEO
  Sabre Industries, Inc.

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