Document:

Ex-10.50

 

Exhibit 10.50

EXTENSION AND AMENDMENT OF AGREEMENT

     This Extension and Amendment is dated as of February 8, 2004 between
Tollgrade Communications, Inc., having an address at 493 Nixon Road, Cheswick,
PA 15024 (the “Corporation”) and Ruth Dilts, an individual residing in the
Commonwealth of Pennsylvania and an employee of the Corporation (the
“Executive”).

     WHEREAS, the Corporation and the Executive entered into an Agreement made
as of February 9, 2000, which provides for compensation to the Executive upon
termination of employment under certain circumstances related to a change in
control of the Corporation (the “Agreement”);

     WHEREAS, the initial term of the Agreement is stated to continue for a
period of four (4) years, and the Agreement provides further that upon
expiration, the Corporation shall, in its sole discretion, determine whether
the Agreement shall be renewed upon such terms as the Corporation deems
advisable;

     WHEREAS, the Board of Directors of the Corporation have determined that it
is in the best interests of the Corporation to renew the Agreement, extending
its term for an additional period of four (4) years, provided that the
Agreement is amended as set forth herein to include a covenant against
competition;

     WHEREAS, the Executive desires to extend the Agreement, as amended hereby,
in order to obtain the benefits described in the Agreement in the event the
Executive’s employment is terminated under the circumstances described in the
Agreement.

     NOW THEREFORE, in consideration of the premises contained herein and for
other good and valuable consideration, the parties agree as follows:

     1. Extension of Agreement. The term of the Agreement is hereby extended
through February 8, 2008. Upon expiration of the term, as so extended, the
Corporation shall, in its sole discretion, determine whether the Agreement
shall be renewed upon such terms as it deems advisable.

     2. Amendment of Agreement. A new Section 11 is hereby added to the
Agreement to read in its entirety as set forth on Exhibit A attached hereto.

     3. No Other Modifications. Except as modified by this Extension and
Amendment, the provisions of the Agreement shall remain in full force and
effect.

     4. Miscellaneous. This Extension and Amendment will be governed in all
respects by the laws of the Commonwealth of Pennsylvania without reference to
any choice of law provisions. This Extension and Amendment may be executed in
any number of counterparts and by the different parties hereto on separate
counterparts, each of which, when so executed, shall be deemed an original, but
all such counterparts shall constitute but one and the same instrument.

     IN WITNESS WHEREOF, the parties have hereunto set their hands the date
first above

 

 

written.

	 	 	 	 	 
	TOLLGRADE COMMUNICATIONS, INC.	 	EXECUTIVE
	 
	 	 	 	 
	By:

	 	/s/ Jennifer M. Reinke
	 	/s/ Ruth Dilts
	

	 	
 
	 	
 
	Name:

	 	Jennifer M. Reinke
	 	Ruth Dilts
	

	 	
 	 	 
	Title:

	 	Assistant Secretary	 	 
	

	 	
 	 	 

 

 

Exhibit A

     11. Noncompetition. The Executive covenants and agrees that if the
Executive receives payment under Section 4(b)(ii) of this Agreement, then
during the Restricted Period, the Executive shall not in the United States of
America, directly or indirectly, whether as principal or as agent, officer,
director, employee, consultant, shareholder or otherwise alone or in
association with any other person, corporation or other entity, engage or
participate in, be connected with, lend credit or money to, furnish
consultation or advice or permit the Executive’s name to used in connection
with, any Competing Business. For purposes of this Agreement, the term
“Restricted Period” shall mean a number of years following the termination of
Executive’s employment with the Corporation equal to the number calculated
pursuant to Section 4(b)(ii)(A) of this Agreement, plus any amount of time
during such period during which the Executive is in violation of this
provision. For purposes of this Agreement, the term “Competing Business” shall
mean any person, corporation or other entity engaged in the business of selling
or attempting to sell any product or service which competes with (a) products
or services sold by the Corporation within the two (2) years prior to
termination of the Executive’s employment or (b) new products of the
Corporation with respect to which the Corporation had allocated engineering
resources at the date of the Executive’s termination to develop such new
products.Ex-10.51

 

Exhibit 10.51

EXTENSION AND AMENDMENT OF AGREEMENT

     This Extension and Amendment is dated as of February 8, 2004 between
Tollgrade Communications, Inc., having an address at 493 Nixon Road, Cheswick,
PA 15024 (the “Corporation”) and Samuel C. Knoch, an individual residing in the
Commonwealth of Pennsylvania and an employee of the Corporation (the
“Executive”).

     WHEREAS, the Corporation and the Executive entered into an Agreement made
as of February 9, 2000, which provides for compensation to the Executive upon
termination of employment under certain circumstances related to a change in
control of the Corporation (the “Agreement”);

     WHEREAS, the initial term of the Agreement is stated to continue for a
period of four (4) years, and the Agreement provides further that upon
expiration, the Corporation shall, in its sole discretion, determine whether
the Agreement shall be renewed upon such terms as the Corporation deems
advisable;

     WHEREAS, the Board of Directors of the Corporation have determined that it
is in the best interests of the Corporation to renew the Agreement, extending
its term for an additional period of four (4) years, provided that the
Agreement is amended as set forth herein to include a covenant against
competition;

     WHEREAS, the Executive desires to extend the Agreement, as amended hereby,
in order to obtain the benefits described in the Agreement in the event the
Executive’s employment is terminated under the circumstances described in the
Agreement.

     NOW THEREFORE, in consideration of the premises contained herein and for
other good and valuable consideration, the parties agree as follows:

     1. Extension of Agreement. The term of the Agreement is hereby extended
through February 8, 2008. Upon expiration of the term, as so extended, the
Corporation shall, in its sole discretion, determine whether the Agreement
shall be renewed upon such terms as it deems advisable.

     2. Amendment of Agreement. A new Section 11 is hereby added to the
Agreement to read in its entirety as set forth on Exhibit A attached hereto.

     3. No Other Modifications. Except as modified by this Extension and
Amendment, the provisions of the Agreement shall remain in full force and
effect.

     4. Miscellaneous. This Extension and Amendment will be governed in all
respects by the laws of the Commonwealth of Pennsylvania without reference to
any choice of law provisions. This Extension and Amendment may be executed in
any number of counterparts and by the different parties hereto on separate
counterparts, each of which, when so executed, shall be deemed an original, but
all such counterparts shall constitute but one and the same instrument.

     IN WITNESS WHEREOF, the parties have hereunto set their hands the date
first above

 

 

written.

	 	 	 	 	 
	TOLLGRADE COMMUNICATIONS, INC.	 	EXECUTIVE
	 
	 	 	 	 
	By:

	 	/s/ Jennifer M. Reinke
	 	/s/ Samuel C. Knoch
	

	 	
 
	 	
 
	Name:

	 	Jennifer M. Reinke
	 	Samuel C. Knoch
	

	 	
 	 	 
	Title:

	 	Assistant Secretary	 	 
	

	 	
 	 	 

 

 

Exhibit A

     11. Noncompetition. The Executive covenants and agrees that if the
Executive receives payment under Section 4(b)(ii) of this Agreement, then
during the Restricted Period, the Executive shall not in the United States of
America, directly or indirectly, whether as principal or as agent, officer,
director, employee, consultant, shareholder or otherwise alone or in
association with any other person, corporation or other entity, engage or
participate in, be connected with, lend credit or money to, furnish
consultation or advice or permit the Executive’s name to used in connection
with, any Competing Business. For purposes of this Agreement, the term
“Restricted Period” shall mean a number of years following the termination of
Executive’s employment with the Corporation equal to the number calculated
pursuant to Section 4(b)(ii)(A) of this Agreement, plus any amount of time
during such period during which the Executive is in violation of this
provision. For purposes of this Agreement, the term “Competing Business” shall
mean any person, corporation or other entity engaged in the business of selling
or attempting to sell any product or service which competes with (a) products
or services sold by the Corporation within the two (2) years prior to
termination of the Executive’s employment or (b) new products of the
Corporation with respect to which the Corporation had allocated engineering
resources at the date of the Executive’s termination to develop such new
products.Ex-10.52

 

Exhibit 10.52

EXTENSION AND AMENDMENT OF AGREEMENT

     This Extension and Amendment is dated as of February 9, 2004 between
Tollgrade Communications, Inc., having an address at 493 Nixon Road, Cheswick,
PA 15024 (the “Corporation”) and Rocco L. Flaminio, an individual residing in
the Commonwealth of Pennsylvania and an employee of the Corporation (the
“Executive”).

     WHEREAS, the Corporation and the Executive entered into an Agreement made
as of February 10, 2000, which provides for compensation to the Executive upon
termination of employment under certain circumstances related to a change in
control of the Corporation (the “Agreement”);

     WHEREAS, the initial term of the Agreement is stated to continue for a
period of four (4) years, and the Agreement provides further that upon
expiration, the Corporation shall, in its sole discretion, determine whether
the Agreement shall be renewed upon such terms as the Corporation deems
advisable;

     WHEREAS, the Board of Directors of the Corporation have determined that it
is in the best interests of the Corporation to renew the Agreement, extending
its term for an additional period of four (4) years, provided that the
Agreement is amended as set forth herein to include a covenant against
competition;

     WHEREAS, the Executive desires to extend the Agreement, as amended hereby,
in order to obtain the benefits described in the Agreement in the event the
Executive’s employment is terminated under the circumstances described in the
Agreement.

     NOW THEREFORE, in consideration of the premises contained herein and for
other good and valuable consideration, the parties agree as follows:

     1. Extension of Agreement. The term of the Agreement is hereby extended
through February 9, 2008. Upon expiration of the term, as so extended, the
Corporation shall, in its sole discretion, determine whether the Agreement
shall be renewed upon such terms as it deems advisable.

     2. Amendment of Agreement. A new Section 11 is hereby added to the
Agreement to read in its entirety as set forth on Exhibit A attached hereto.

     3. No Other Modifications. Except as modified by this Extension and
Amendment, the provisions of the Agreement shall remain in full force and
effect.

     4. Miscellaneous. This Extension and Amendment will be governed in all
respects by the laws of the Commonwealth of Pennsylvania without reference to
any choice of law provisions. This Extension and Amendment may be executed in
any number of counterparts and by the different parties hereto on separate
counterparts, each of which, when so executed, shall be deemed an original, but
all such counterparts shall constitute but one and the same instrument.

     IN WITNESS WHEREOF, the parties have hereunto set their hands the date
first above

 

 

written.

	 	 	 	 	 
	TOLLGRADE COMMUNICATIONS, INC.	 	EXECUTIVE
	 
	 	 	 	 
	By:

	 	/s/ Jennifer M. Reinke
	 	/s/ Rocco L. Flaminio
	

	 	
 
	 	
 
	Name:

	 	Jennifer M. Reinke
	 	Rocco L. Flaminio
	

	 	
 	 	 
	Title:

	 	Assistant Secretary	 	 
	

	 	
 	 	 

 

 

Exhibit A

     11. Noncompetition. The Executive covenants and agrees that if the
Executive receives payment under Section 4(b)(ii) of this Agreement, then
during the Restricted Period, the Executive shall not in the United States of
America, directly or indirectly, whether as principal or as agent, officer,
director, employee, consultant, shareholder or otherwise alone or in
association with any other person, corporation or other entity, engage or
participate in, be connected with, lend credit or money to, furnish
consultation or advice or permit the Executive’s name to used in connection
with, any Competing Business. For purposes of this Agreement, the term
“Restricted Period” shall mean a number of years following the termination of
Executive’s employment with the Corporation equal to the number calculated
pursuant to Section 4(b)(ii)(A) of this Agreement, plus any amount of time
during such period during which the Executive is in violation of this
provision. For purposes of this Agreement, the term “Competing Business” shall
mean any person, corporation or other entity engaged in the business of selling
or attempting to sell any product or service which competes with (a) products
or services sold by the Corporation within the two (2) years prior to
termination of the Executive’s employment or (b) new products of the
Corporation with respect to which the Corporation had allocated engineering
resources at the date of the Executive’s termination to develop such new
products.

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