Document:

Ex-10.1

 

Exhibit 10.1

AMENDMENT TO

CHANGE IN CONTROL AGREEMENT

THIS AMENDMENT, made the 16th day of August, 2005, by CT COMMUNICATIONS, INC. (the
“Company”), a North Carolina corporation with its principal office at Concord, North
Carolina, and David Armistead (“Employee”), an employee of the Company.

WHEREAS, the Company and the Employee have previously entered into a Change in Control
Agreement dated January 5, 2004 (the “Agreement”); and

WHEREAS, the parties desire to amend the Agreement to provide that any Compensation
payable to the Employee under the terms of the Agreement shall be paid in the form of a
single lump sum.

NOW, THEREFORE, in consideration of the terms contained herein, the Employee’s
employment with the Company, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Employee agree that the
Agreement shall be and hereby is amended by deleting Section IA and substituting therefor
the following:

“A. If a Change in Control (as defined in Section IA(iii) hereof) occurs and if, within
two years following the Change in Control, the employment of the Employee is terminated (A)
by the Company other than for Cause (as defined in Section IA(i) hereof), or (B) by the
Employee for Good Reason (as defined in Section IA(ii) hereof), an amount equal to the
Employee’s Compensation (as defined in Section IA(iv) hereof), less applicable withholdings,
shall be paid by the Company to the Employee in a single lump sum within 30 days of
termination of the Employee’s employment under circumstances entitling the Employee to
Compensation hereunder.”

Except as amended herein, all other provisions of the Agreement shall remain in full
force and effect.

IN WITNESS WHEREOF, this Amendment has been executed by the parties hereto effective as
of the day and year first above stated.

	 	 	 	 	 	 	 
	 	 	CT COMMUNICATIONS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ RICHARD L. GARNER, JR.	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     Richard L. Garner, Jr.	 	 
	 
	 	 	 	 	 	 
	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ DAVID ARMISTEAD
	 	(Seal)
	 	 	 	 	 
	 	 	David Armistead
	 	 

37Ex-10.2

 

Exhibit 10.2

AMENDMENT TO

CHANGE IN CONTROL AGREEMENT

THIS AMENDMENT, made the 17th day of August, 2005, by CT COMMUNICATIONS, INC. (the
“Company”), a North Carolina corporation with its principal office at Concord, North
Carolina, and Michael R. Coltrane (“Employee”), an employee of the Company.

WHEREAS, the Company and the Employee have previously entered into a Change in Control
Agreement dated October 1, 1997 (the “Agreement”); and

WHEREAS, the parties desire to amend the Agreement to provide that any Compensation
payable to the Employee under the terms of the Agreement shall be paid in the form of a
single lump sum.

NOW, THEREFORE, in consideration of the terms contained herein, the Employee’s
employment with the Company, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Employee agree that the
Agreement shall be and hereby is amended by deleting Section IA and substituting therefor
the following:

“A. If a Change in Control (as defined in Section IA(iii) hereof) occurs and if, within
two years following the Change in Control, the employment of the Employee is terminated (A)
by the Company other than for Cause (as defined in Section IA(i) hereof), or (B) by the
Employee for Good Reason (as defined in Section IA(ii) hereof), an amount equal to the
Employee’s Compensation (as defined in Section IA(iv) hereof), less applicable withholdings,
for a period of thirty-five months, shall be paid by the Company to the Employee in a single
lump sum within 30 days of termination of the Employee’s employment under circumstances
entitling the Employee to Compensation hereunder.”

Except as amended herein, all other provisions of the Agreement shall remain in full
force and effect.

IN WITNESS WHEREOF, this Amendment has been executed by the parties hereto effective as
of the day and year first above stated.

	 	 	 	 	 	 	 
	 	 	CT COMMUNICATIONS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ RICHARD L. GARNER, JR.	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     Richard L. Garner, Jr.	 	 
	 
	 	 	 	 	 	 
	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ MICHAEL R. COLTRANE
	 	(Seal)
	 	 	 	 	 
	 	 	Michael R. Coltrane
	 	 

38Ex-10.3

 

Exhibit 10.3

AMENDMENT TO

CHANGE IN CONTROL AGREEMENT

THIS AMENDMENT, made the 19th day of August, 2005, by CT COMMUNICATIONS, INC. (the
“Company”), a North Carolina corporation with its principal office at Concord, North
Carolina, and Matthew Dowd (“Employee”), an employee of the Company.

WHEREAS, the Company and the Employee have previously entered into a Change in Control
Agreement dated March 10, 2003 (the “Agreement”); and

WHEREAS, the parties desire to amend the Agreement to provide that any Compensation
payable to the Employee under the terms of the Agreement shall be paid in the form of a
single lump sum.

NOW, THEREFORE, in consideration of the terms contained herein, the Employee’s
employment with the Company, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Employee agree that the
Agreement shall be and hereby is amended by deleting Section IA and substituting therefor
the following:

“A. If a Change in Control (as defined in Section IA(iii) hereof) occurs and if, within
two years following the Change in Control, the employment of the Employee is terminated (A)
by the Company other than for Cause (as defined in Section IA(i) hereof), or (B) by the
Employee for Good Reason (as defined in Section IA(ii) hereof), an amount equal to the
Employee’s Compensation (as defined in Section IA(iv) hereof), less applicable withholdings,
shall be paid by the Company to the Employee in a single lump sum within 30 days of
termination of the Employee’s employment under circumstances entitling the Employee to
Compensation hereunder.”

Except as amended herein, all other provisions of the Agreement shall remain in full
force and effect.

IN WITNESS WHEREOF, this Amendment has been executed by the parties hereto effective as
of the day and year first above stated.

	 	 	 	 	 	 	 
	 	 	CT COMMUNICATIONS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ RICHARD L. GARNER, JR.	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     Richard L. Garner, Jr.	 	 
	 
	 	 	 	 	 	 
	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ MATTHEW DOWD
	 	(Seal)
	 	 	 	 	 
	 	 	Matthew Dowd
	 	 

39Ex-10.4

 

Exhibit 10.4

AMENDMENT TO

CHANGE IN CONTROL AGREEMENT

THIS AMENDMENT, made the 8th day of September, 2005, by CT COMMUNICATIONS, INC. (the
“Company”), a North Carolina corporation with its principal office at Concord, North
Carolina, and James Hausman (“Employee”), an employee of the Company.

WHEREAS, the Company and the Employee have previously entered into a Change in Control
Agreement dated May 20, 2002 (the “Agreement”); and

WHEREAS, the parties desire to amend the Agreement to provide that any Compensation
payable to the Employee under the terms of the Agreement shall be paid in the form of a
single lump sum.

NOW, THEREFORE, in consideration of the terms contained herein, the Employee’s
employment with the Company, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Employee agree that the
Agreement shall be and hereby is amended by deleting Section IA and substituting therefor
the following:

“A. If a Change in Control (as defined in Section IA(iii) hereof) occurs and if, within
two years following the Change in Control, the employment of the Employee is terminated (A)
by the Company other than for Cause (as defined in Section IA(i) hereof), or (B) by the
Employee for Good Reason (as defined in Section IA(ii) hereof), an amount equal to the
Employee’s Compensation (as defined in Section IA(iv) hereof), less applicable withholdings,
shall be paid by the Company to the Employee in a single lump sum within 30 days of
termination of the Employee’s employment under circumstances entitling the Employee to
Compensation hereunder.”

Except as amended herein, all other provisions of the Agreement shall remain in full
force and effect.

IN WITNESS WHEREOF, this Amendment has been executed by the parties hereto effective as
of the day and year first above stated.

	 	 	 	 	 	 	 
	 	 	CT COMMUNICATIONS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ RICHARD L. GARNER, JR.	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     Richard L. Garner, Jr.	 	 
	 
	 	 	 	 	 	 
	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ JAMES E. HAUSMAN
	 	(Seal)
	 	 	 	 	 
	 	 	James E. Hausman
	 	 

40Ex-10.5

 

Exhibit 10.5

AMENDMENT TO

CHANGE IN CONTROL AGREEMENT

THIS AMENDMENT, made the 17th day of August, 2005, by CT COMMUNICATIONS, INC. (the
“Company”), a North Carolina corporation with its principal office at Concord, North
Carolina, and Ron Marino (“Employee”), an employee of the Company.

WHEREAS, the Company and the Employee have previously entered into a Change in Control
Agreement dated March 7, 2003 (the “Agreement”); and

WHEREAS, the parties desire to amend the Agreement to provide that any Compensation
payable to the Employee under the terms of the Agreement shall be paid in the form of a
single lump sum.

NOW, THEREFORE, in consideration of the terms contained herein, the Employee’s
employment with the Company, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Employee agree that the
Agreement shall be and hereby is amended by deleting Section IA and substituting therefor
the following:

“A. If a Change in Control (as defined in Section IA(iii) hereof) occurs and if, within
two years following the Change in Control, the employment of the Employee is terminated (A)
by the Company other than for Cause (as defined in Section IA(i) hereof), or (B) by the
Employee for Good Reason (as defined in Section IA(ii) hereof), an amount equal to the
Employee’s Compensation (as defined in Section IA(iv) hereof), less applicable withholdings,
shall be paid by the Company to the Employee in a single lump sum within 30 days of
termination of the Employee’s employment under circumstances entitling the Employee to
Compensation hereunder.”

Except as amended herein, all other provisions of the Agreement shall remain in full
force and effect.

IN WITNESS WHEREOF, this Amendment has been executed by the parties hereto effective as
of the day and year first above stated.

	 	 	 	 	 	 	 
	 	 	CT COMMUNICATIONS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ RICHARD L. GARNER, JR.	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	      Richard L. Garner, Jr.	 	 
	 
	 	 	 	 	 	 
	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 
	 	 	     /s/ RON MARINO	 	(Seal)
	 	 	 	 	 
	 	 	          Ron Marino	 	 

41

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}]]