Document:

Exhibit 10.1

     

    Exhibit
      10.1

    November
      10, 2006

    

    Stratton
      Nicolaides

    Numerex
      Corp.

    1600
      Parkwood Circle, Suite 200

    Atlanta,
      GA 30339-2119

     

    Re: Change
      in
      Control 

    Severance
      Arrangement

    

    Dear
      Stratton:

    

    1.  The
      purpose of this letter is to confirm to you that the Numerex Corp. (“NMRX”)
      Board of Directors have approved a severance arrangement to be put into place
      on
      your behalf in the event of a Change in Control of NMRX as set forth
      below.

     

    2.  If
      at any
      time during your employment by NMRX: (i) NMRX consummates a sale, transfer
      or
      assignment, in one transaction or a series of related transactions, of all
      or
      substantially all of the assets of NMRX, (ii) a sale, transfer, assignment,
      exchange or other conveyance occurs whereby a person or entity acquires,
      directly or indirectly, more than 50% of the outstanding voting stock of NMRX,
      or (iii) a merger or consolidation occurs with or into any other entity which
      results in a third person or entity, or indirectly, owning more than 50% of
      the
      resulting entity, then upon any such occurrence and a subsequent termination
      of
      your employment without cause that constitutes a “separation from service” for
      purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the
      “Code”), at any time within two years following said Change in Control (the
“Payment Event”), you will be entitled to a severance payment equal to twelve
      times your monthly base salary, which shall be payable in accordance with
      paragraph 3. For purposes of this paragraph, the concept of termination "without
      cause" shall specifically include the termination of your employment following
      a
      diminution in title, responsibility or salary level as well as required
      relocation outside of 50 miles from NMRX’s current headquarters following the
      Change in Control. For purposes of this paragraph, termination for “cause” shall
      be limited to the following specific events:

     

    
      	a.  	
              Gross
                negligence or willful misconduct in the performance of NMRX duties;
                

            

    

    
      	b.  	
              A
                material or willful violation of federal or state law injurious to
                the
                business or reputation of NMRX;

            

    

    
      	c.  	
              A
                refusal or willful failure to act in accordance with any specific
                lawful
                direction or order of NMRX;

            

    

    
      	d.  	
              A
                commission of an act of fraud with respect to NMRX;
                or

            

    

    
      	e.  	
              A
                conviction of either a felony or a crime causing material harm to
                the
                standing or reputation of NMRX.

            

    

    

    3.  The
      severance payment described in paragraph 2 shall be made to you in a lump sum
      on, or as soon as practicable after, the first business day following the sixth
      month anniversary of the Payment Event, or such earlier date following the
      Payment Event as may be permitted under Section 409A of the Code. 

     

    4.  Notwithstanding
      the foregoing, you acknowledge that your employment relationship with NMRX
      is at
      will and may be terminated by you or NMRX at any time, with or without cause
      or
      notice.

     

    5.  In
      consideration of the granting of severance rights upon a Change in Control,
      you
      further agree that in the event you elect to terminate your employment with
      NMRX, you will give NMRX sixty (60) days prior notice in order to permit NMRX
      to
      effectuate an orderly transition.

     

    Very
      truly yours,

    NUMEREX
      CORP.

                                        

        

                                        By:
/s/
      Alan B.
      Catherall

                                        Alan
      B.
      Catherall

                                        Executive
      Vice
      President

                                        Chief
      Financial
      Officer

    

    Accepted
      and Agreed 

    

    By: /s/
      Stratton J. Nicolaides 

          
Mr.
      Stratton NicolaidesExhibit 10.2

     

    Exhibit
      10.2

    November
      10, 2006

    

    Mr.
      Alan
      Catherall

    Numerex
      Corp.

    1600
      Parkwood Circle, Suite 200

    Atlanta,
      GA 30339-2119

    

    Re: Change
      in
      Control 

    Severance
      Arrangement

    

    Dear
      Alan:

    

    1.  The
      purpose of this letter is to confirm to you that the Numerex Corp. (“NMRX”)
      Board of Directors have approved a severance arrangement to be put into place
      on
      your behalf in the event of a Change in Control of NMRX as set forth
      below.

     

    2.  If
      at any
      time during your employment by NMRX: (i) NMRX consummates a sale, transfer
      or
      assignment, in one transaction or a series of related transactions, of all
      or
      substantially all of the assets of NMRX, (ii) a sale, transfer, assignment,
      exchange or other conveyance occurs whereby a person or entity acquires,
      directly or indirectly, more than 50% of the outstanding voting stock of NMRX,
      or (iii) a merger or consolidation occurs with or into any other entity which
      results in a third person or entity, or indirectly, owning more than 50% of
      the
      resulting entity, then upon any such occurrence and a subsequent termination
      of
      your employment without cause that constitutes a “separation from service” for
      purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the
      “Code”), at any time within two years following said Change in Control (the
“Payment Event”), you will be entitled to a severance payment equal to twelve
      times your monthly base salary, which shall be payable in accordance with
      paragraph 3. For purposes of this paragraph, the concept of termination "without
      cause" shall specifically include the termination of your employment following
      a
      diminution in title, responsibility or salary level as well as required
      relocation outside of 50 miles from NMRX’s current headquarters following the
      Change in Control. For purposes of this paragraph, termination for “cause” shall
      be limited to the following specific events:

     

    
      	a.  	
              Gross
                negligence or willful misconduct in the performance of NMRX duties;
                

            

    

    
      	b.  	
              A
                material or willful violation of federal or state law injurious to
                the
                business or reputation of NMRX;

            

    

    
      	c.  	
              A
                refusal or willful failure to act in accordance with any specific
                lawful
                direction or order of NMRX;

            

    

    
      	d.  	
              A
                commission of an act of fraud with respect to NMRX;
                or

            

    

    
      	e.  	
              A
                conviction of either a felony or a crime causing material harm to
                the
                standing or reputation of NMRX.

            

    

    

    3.  The
      severance payment described in paragraph 2 shall be made to you in a lump sum
      on, or as soon as practicable after, the first business day following the sixth
      month anniversary of the Payment Event, or such earlier date following the
      Payment Event as may be permitted under Section 409A of the Code. 

     

    4.  Notwithstanding
      the foregoing, you acknowledge that your employment relationship with NMRX
      is at
      will and may be terminated by you or NMRX at any time, with or without cause
      or
      notice.

     

    5.  In
      consideration of the granting of severance rights upon a Change in Control,
      you
      further agree that in the event you elect to terminate your employment with
      NMRX, you will give NMRX sixty (60) days prior notice in order to permit NMRX
      to
      effectuate an orderly transition.

     

    Very
      truly yours,

    NUMEREX
      CORP.

    

    By: 
      /s/ Stratton Nicolaides

                                        Stratton
      Nicolaides

                                        Chief
      Executive Officer

    

    Accepted
      and Agreed 

    

    By:
      /s/
      Alan B. Catherall  

          
      Mr. Alan
      B.
      CatherallExhibit 10.3

     

    Exhibit
      10.3

    November
      10, 2006

    

    Mr.
      Michael Marett

    Numerex
      Corp.

    1600
      Parkwood Circle, Suite 200

    Atlanta,
      GA 30339-2119

    

    Re: Change
      in
      Control

    Severance
      Arrangement

    

    Dear
      Mike:

    

    1.  The
      purpose of this letter is to confirm to you that the Numerex Corp. (“NMRX”)
      Board of Directors have approved a severance arrangement to be put into place
      on
      your behalf in the event of a Change in Control of NMRX as set forth
      below.

     

    2.  If
      at any
      time during your employment by NMRX: (i) NMRX consummates a sale, transfer
      or
      assignment, in one transaction or a series of related transactions, of all
      or
      substantially all of the assets of NMRX, (ii) a sale, transfer, assignment,
      exchange or other conveyance occurs whereby a person or entity acquires,
      directly or indirectly, more than 50% of the outstanding voting stock of NMRX,
      or (iii) a merger or consolidation occurs with or into any other entity which
      results in a third person or entity, or indirectly, owning more than 50% of
      the
      resulting entity, then upon any such occurrence and a subsequent termination
      of
      your employment without cause that constitutes a “separation from service” for
      purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the
      “Code”), at any time within two years following said Change in Control (the
“Payment Event”), you will be entitled to a severance payment equal to twelve
      times your monthly base salary, which shall be payable in accordance with
      paragraph 3. For purposes of this paragraph, the concept of termination "without
      cause" shall specifically include the termination of your employment following
      a
      diminution in title, responsibility or salary level as well as required
      relocation outside of 50 miles from NMRX’s current headquarters following the
      Change in Control. For purposes of this paragraph, termination for “cause” shall
      be limited to the following specific events:

    
       

      	a.  	
              Gross
                negligence or willful misconduct in the performance of NMRX duties;
                

            

      	b.  	
              A
                material or willful violation of federal or state law injurious to
                the
                business or reputation of NMRX;

            

      	c.  	
              A
                refusal or willful failure to act in accordance with any specific
                lawful
                direction or order of NMRX;

            

      	d.  	
              A
                commission of an act of fraud with respect to NMRX;
                or

            

      	e.  	
              A
                conviction of either a felony or a crime causing material harm to
                the
                standing or reputation of NMRX.

            

    3.  The
      severance payment described in paragraph 2 shall be made to you in a lump sum
      on, or as soon as practicable after, the first business day following the sixth
      month anniversary of the Payment Event, or such earlier date following the
      Payment Event as may be permitted under Section 409A of the Code. 

     

    4.  Notwithstanding
      the foregoing, you acknowledge that your employment relationship with NMRX
      is at
      will and may be terminated by you or NMRX at any time, with or without cause
      or
      notice.

     

    5.  In
      consideration of the granting of severance rights upon a Change in Control,
      you
      further agree that in the event you elect to terminate your employment with
      NMRX, you will give NMRX sixty (60) days prior notice in order to permit NMRX
      to
      effectuate an orderly transition.

     

    Very
      truly yours,

    NUMEREX
      CORP.

    

    By:
      /s/ Stratton Nicolaides

                                        Stratton
      Nicolaides

                                        Chief
      Executive Officer

    

    Accepted
      and Agreed 

    

    By: 
      /s/ Michael Marett

           
Mr.
      Michael Marett

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