Document:

Exhibit 10.20

 Exhibit 10.20 
 March 22, 2011 
 Mr. James Keeley 

7901 Jones Branch Drive, Suite 900 
 McLean, VA
22102 
 Dear Jim: 
 This letter sets
forth your new compensation and benefits, effective April 1, 2011 concerning your position as Senior Vice President and Interim Chief Financial Officer for Primus Telecommunications Group, Incorporated (the “Company”). 

 

	 	1.	Annual base salary of $285,000 in accordance with your current payroll schedule (“Annual Base Salary”). 

 

	 	2.	Your target bonus will be fifty percent (50%) of your Annual Base Salary based on performance criteria approved by the Company’s Board of Director’s
Compensation Committee. You must be an active employee at the time the Company generally pays bonuses to its employees to be eligible. 

  

	 	3.	You will be eligible for twenty-seven (27) Paid Time Off (“PTO”) days annually. You may carry-over five (5) PTO days per year.

  

	 	4.	You will have the opportunity for future incentive equity grants for similarly situated employees, pending approval of the Company’s equity plan by the
Company’s Board of Directors. 

  

	 	5.	In the event the Company terminates your employment “without cause”; the Company agrees to pay you separation pay equal to twelve (12) months of your
then-current annual base salary and will reimburse you for the monthly premiums for elected COBRA coverage for a period of up to twelve (12) months. 

  

	 	6.	For purposes of this agreement, Cause shall include the following, to be determined in the reasonable judgment of Company; your dishonesty, fraud, misappropriation,
embezzlement, willful misconduct or gross negligence with respect to Company, or any other action in willful disregard of the interests of the Company; your refusal or willful failure to satisfactorily perform any duties assigned to you; your
conviction of, or pleading guilty or no contest to (i) a felony, (ii) any misdemeanor (other than a traffic violation), or (iii) any other crime or activity that would impair your ability to perform your duties or impair the business
reputation of Company; your failure or refusal to comply with Company standards, policies or procedures; or your death or incapacity due to physical or mental illness that results in absence from work for twelve consecutive months.

  

	 	7.	Your eligibility for Company provided benefits and your participation in the Company 401(k) Plan will remain the same. 

This letter constitutes the entire understanding of the parties relating to the subject matter herein, and cannot be changed or modified
unless such change or modification is made in writing and signed by each party. This letter changes and supersedes all previous oral, written or other communications regarding your compensation and benefits. 

Please sign this letter and return it to me no later than March 28, 2011. 

 

			
	Sincerely,	  	
		
	/s/ Jamie L. Barkovic	  	
	Jamie L. Barkovic	  	 /s/ James
Keeley                                        
  3/23/11

	Director, Human Resources	  	Agreed and Accepted: James Keeley            Date
		
	cc: Peter Aquino, Chairman, President, and CEOExhibit 10.21

 Exhibit 10.21 
 February 24, 2011 
 Mr. Andrew Day 

c/o Primus Canada 
 Dear Andrew: 

The following are the compensation changes effective March 1, 2011 concerning your position as Country Manager and CEO, Primus Telecommunications
Canada Incorporated (the “Company”). 
  

	 	1.	Annual base salary of CAD $300,000 paid in accordance with your current payroll schedule (“Annual Base Salary”). 

 

	 	2.	You will receive a one-time, lump sum bonus in the amount of CAD $10,000, to be paid approximately by March 31, 2011. 

 

	 	3.	Your target bonus will be sixty percent (60%) of your Annual Base Salary based on performance criteria approved by the Company’s Board of Director’s
Compensation Committee. You must be an active employee at the time the Company generally pays bonuses to its employees to be eligible excluding absences due to a disability. Notwithstanding the foregoing, you will not be eligible for the target
bonus if you voluntarily resign and/or give notice of resignation prior to the bonus payout date. You will not be entitled to the targeted bonus after termination and/or notice of termination of employment, whether voluntary or involuntary (with
cause), on notice or without notice, lawful or wrongful. 

  

	 	4.	You will have the opportunity for future incentive equity grants for similarly situated employees, pending approval of the Company’s equity plan by the
Company’s Board of Directors. 

  

	 	5.	You will remain eligible for five weeks annual vacation. Annual vacation accrues on a prorated basis. 

 

	 	6.	If your employment is terminated without cause by the Company on or before April 1, 2012, you will be entitled to twelve (12) months of separation pay based
on your Annual Base Salary, a payment equaling 100% of your performance level bonus payout for the 2011 performance year, and twelve (12) months continued current medical benefits at the time of your termination. All separation pay
described in this paragraph shall be made in a lump-sum payment and subject to appropriate tax withholding. Your entitlement to such payment will be subject to you signing a Separation and General Release. Payment will be made within 30 days of your
signing the Separation and General Release. 

  

	 	7.	If your employment is terminated without cause by the Company after April 1, 2012, you will be entitled to twelve (12) months of separation pay based on your
Annual Base Salary, a prorated bonus for actual months worked in the calendar year in which you were separated, based upon your results against budget according to the Compensation Committee bonus calculation methodology of 75% Canada results and
25% Company consolidated global results as may be amended from time to time, and twelve (12) months continued current medical benefits at the time of your termination. Your prorated bonus payment will be determined once the bonus payment
process has been concluded on or about March in the year following the performance year. In the event you separate from the Company after completing a full calendar year, these terms and conditions will not prevent you from being considered for your
potential previous year’s bonus payment according to the terms set forth in this paragraph. The separation pay based on your Annual Base Salary shall be made in a lump-sum payment. All separation pay described in this paragraph will be subject
to appropriate tax withholding. Your entitlement to such separation payments described herein will be subject to you signing a Separation and General Release. 

 

	 	8.	You will no longer be eligible for a car allowance. 

	 	9.	This letter constitutes the entire understanding of the parties relating to the subject matter herein, and cannot be changed or modified unless such change or
modification is made in writing and signed by each party. This letter and changes supercede all previous oral, written or other communications including, but not limited to, the Employment Agreement between Andrew Day and the Company dated
April 1, 2004 (“Employment Agreement”) and any and all statutory separation notice requirements, concerning the subject matter. Upon your execution of this letter, you release the Company, its parent, subsidiaries, affiliates,
Directors, Officers, employees, shareholders, successors and assigns from any and all claims, actions, damages, liabilities, costs and expenses concerning the terms herein that supercede those set forth in your Employment Agreement and all statutory
separation notice requirements. 

 Please sign this letter and return it to me no later than February 25, 2011. 

 

					
	 Sincerely,
	  		 	
			
	 /s/ Jamie L. Barkovic
	  		 	
	 Jamie L. Barkovic
	  	 /s/ Andrew Day
	 	 2/24/2011

	 Corporate Director, Human Resources
	  	Agreed and Accepted: Andrew Day	 	Date

  

	cc:	Peter Aquino, Chairman, President and CEO 

 Maureen Merkler, Vice President, Human ResourcesExhibit 10.22

 Exhibit 10.22 

 
 

 
 February 9, 2012 
 Andrew Day 
 C/O Primus Canada 

 

	Re:	Amendment to Employment Letter by and between Andrew Day and Primus Telecommunications Canada Incorporated (the “Company”) dated February 24, 2011
(“Employment Letter”) 

 Dear Andrew: 
 The following constitutes an amendment to your Employment Letter. You and the Company agree as follows: 
  

	 	1.	Paragraphs 6 and 7 will be deleted. As a result the following will replace the paragraphs: 

If your employment is terminated without cause by the Company, you will be entitled to twelve (12) months of separation pay based on
your Annual Base Salary, a payment equaling 100% of your performance level bonus target payout which equates to 60% of your annual base salary and twelve (12) months continued current medical benefits at the time of your termination. In
addition, you will be entitled to any previous years’ Board of Directors approved earned bonus payment while you were employed by the Company. 
 The payments set forth herein shall be paid in a lump sum payment and subject to the appropriate tax withholding and the signing of a Separation and General Release. Payment shall be made within 30 days
of your signing of the Separation and General Release and if necessary, within 30 days from the previous year’s bonus being approved by the Board of Directors of the Company. 

 

	 	2.	All other provisions, terms and conditions of the Employment Letter will remain in full force and effect. Any discrepancies between this Amendment and the Employment
Letter will be resolved pursuant to the terms of the Employment Letter. 

  

	 	3.	This Amendment constitutes the full amendment between the parties and there does not exist any other oral or written agreements of whatsoever kind or nature between the
parties. 

  

	
	Yours very truly,
	
	/s/ Peter Aquino
	Peter Aquino
	Chairman, President and CEO

  
 

 

	Cc:	John Filipowicz, Chief Administration Officer 

 Maureen Merkler, Vice President, Human Resources, Primus Canada 
 Agreed and Accepted by:

  

									
	Signature:	  	 /s/ Andrew Day
	  		 	Date:	 	 Feb 9, 2012

		  	Andrew Day

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