Document:

Unassociated Document

    EXHIBIT
      10.3

     

    Amendment
      No. 1 to Employment Agreement

    

    Amendment
      No. 1 dated December 17, 2007 to the Employment Agreement dated May 2, 2005
      (the
“Agreement”) by and between Advanced Photonix, Inc., a Delaware corporation (the
“Company”) and Steven Williamson, an individual (the “Employee”). The Company
      and Employee wish to amend the Employment Agreement in order to conform to,
      and
      be interpreted to comply with, Section 409A of the Internal Revenue Code of
      1986, as may be amended (the “Code”). Unless otherwise defined herein,
      capitalized terms shall have the respective meanings assigned to them in the
      Agreement. 

     

    NOW,
      THEREFORE, in consideration of the mutual covenants of the parties contained
      herein and for other good and valuable consideration the receipt and sufficiency
      of which is hereby acknowledged, the parties hereto hereby agree as
      follows:

     

    
      
        1.
          Section D
          of the Agreement is amended by deleting the following
          sentence:

      

    

     

    “In
      the
      event of a separation of Employee from the Company, all accrued vacation shall
      be paid at the then pro-rata hourly base rate of Employee in accordance with
      the
      Company’s regular procedures and practices in effect from time to
      time.”

     

    Section D
      of the Agreement shall be further amended by adding the following sentence
      to
      the end of such Section:

     

    “The
      bonus payable to Employee pursuant to this Section shall be paid to Employee
      as
      soon as practicable but within two and a half months following the Company’s
      fiscal year end for the year in which such bonus was earned.”

     

    2. Section F
      of the Agreement is deleted in its entirety and replaced with the following:
      

     

    “Death;
      Disability.
      Employee’s employment shall terminate immediately upon the Employee’s death and
      upon notice of termination by the Company in the event Employee’s employment is
      terminated as a result of Employee’s Disability (as defined in Section K). Upon
      any such termination of employment, all payments hereunder shall cease as of
      the
      date of termination of employment and the Company shall have no further
      obligations or liabilities hereunder to Employee or Employee’s estate or legal
      representative or otherwise, provided however, that any salary or benefits
      accrued and unpaid as of the date of termination (including amounts payable
      with
      respect to accrued but unused vacation and sick days) shall be paid to Employee
      or Employee’s estate, or legal representative or otherwise, as appropriate,
      within 60 days after the date of such termination of employment.”

     

    3. Section K
      shall be amended by deleting the last paragraph of this Section and replacing
      it
      with the following paragraphs:

     

    “In
      the
      event Employee’s employment is terminated by
      the
      Company for Cause, the Company’s obligations under this Agreement will terminate
      and the Company will have no obligations to make any additional payments of
      any
      kind, provided, however, that the Company shall pay Employee any accrued and
      unpaid salary payable to the Employee through the date of termination (including
      amounts payable with respect to accrued but unused vacation and sick days)
      (the
“Accrued Obligations”) in a lump sum payment within 60 days after the date of
      such termination of employment.” 

    
      
        
        

      

      
        35

        
          

        

      

      
        
        

      

    

    In
      the
      event of a termination of Employee’s employment by the Company without Cause or
      by Employee for Good Reason (a ‘Separation from Service’),
      the
      Company shall pay Employee a lump sum payment equal to any Accrued Obligations
      plus a severance payment equal to his Base Pay for the balance of the then
      remaining Employment Term within 90 days
      after the date of the Separation from Service (the ‘Payment Date’) and shall
      continue to provide medical, dental, life insurance, disability and similar
      benefits to the extent available to Employee as of the date of the Separation
      from Service through the remainder of the Employment Term, provided that
      Employee and the Company shall have executed a reciprocal release in such form
      as may be reasonably required by the Company and acceptable to Employee within
      60 days after the date of the Separation from Service. In the event such release
      is not executed by Employee on or prior to 60 days after the date of Employee’s
      Separation from Service, the Company shall have no obligation to make any
      additional payments or provide any benefits to Employee of any kind, except
      for
      the lump sum payment for any Accrued Obligations. With respect to the provision
      of benefits pursuant to this paragraph, the provision of benefits in kind to
      Employee or the provision of reimbursement to Employee therefore shall be
      subject to the following conditions: (i) the amount of expenses eligible for
      reimbursement or in-kind benefits provided during Employee’s taxable year may
      not affect the expenses eligible for reimbursement or in-kind benefits to be
      provided to Employee in any other taxable year; (ii) the reimbursement of an
      eligible expense must be made on or before the last day of Employee’s taxable
      year following the taxable year in which the expense was incurred; and (iii)
      the
      right to reimbursement or in-kind benefits may not be subject to liquidation
      or
      exchange for another benefit. Notwithstanding anything to the contrary in this
      paragraph, if as of the date of such Separation from Service, Employee is a
      ‘specified employee’ within the meaning of Section 409A of the Code, the
      payments and benefits which may be made or provided to Employee pursuant to
      this
      paragraph prior to the date which is six months and one day after the date
      of
      Employee’s Separation from Service shall be limited to (i) any Accrued
      Obligations plus (ii) the medical and dental benefits, if any, to be provided
      in
      accordance with this paragraph plus (iii) such benefits (to be selected by
      the
      Employee from the benefits to be provided under this paragraph) in an aggregate
      amount not to exceed the amount described in Section 402(g)(1)(B) of the Code
      for the calendar year in which the Separation from Service occurred. To the
      extent that the preceding provisions of this paragraph would require payment
      to
      Employee during the six month period commencing on the date of termination
      in
      excess of this limitation, then any such excess shall be paid to Employee
      (without interest) in a lump sum on the date that is six months plus one day
      after the date of Employee’s Separation from Service.” 

     

    Except
      as
      modified herein, the Agreement remains in full force and effect in accordance
      with its terms.

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the undersigned have hereunto set their hands as of the day
      and
      year first above written.

     

    
      	
              ADVANCED
                PHOTONIX, INC. 

            	 	
              EMPLOYEE

            
	 	 	 
	
              By:

            	
              /s/
                Richard D. Kurtz

            	
            	 	
              /s/
                Steven Williamson

            	
            
	 	
              Richard
                D. Kurtz, CEO

            	 	
              Steven
                Williamson, CTO

            

    

     

    
      
        
        

      

      
        37Unassociated Document

    

      SEPARATION
        AGREEMENT

       

      This
        SEPARATION AGREEMENT (this “Agreement”) is made between Albert E. Gencarella
        (“EMPLOYEE”) and Berliner Communications, Inc. and its affiliates (collectively,
“BCI”). Together, EMPLOYEE and BCI are referred to as the “Parties”. This
        Agreement will become effective on date the EMPLOYEE executes this Agreement
        (the “Effective Date”). 

       

      WHEREAS,
        EMPLOYEE
        and BCI entered into an Employment Agreement (the “Employment Agreement”) dated
        October 10, 2006;

       

      WHEREAS,
        EMPLOYEE and BCI have agreed that EMPLOYEE’s employment will terminate by mutual
        agreement effective as of 12:00 p.m. Tuesday, January 1, 2008 (the “Termination
        Date”); and

       

      WHEREAS,
        EMPLOYEE and BCI have agreed to settle fully and finally any and all matters
        between them relating to EMPLOYEE’s employment and termination thereof and
        acknowledge the receipt of other good and valuable consideration.

       

      NOW,
        THEREFORE,
        with
        the intent to be legally bound hereby, and in consideration of the mutual
        promises and covenants contained herein, and other good and valuable
        consideration, BCI and EMPLOYEE agree to the terms and conditions set forth
        below:

       

      1. Salary:
        BCI
        agrees to continue to pay EMPLOYEE his annual compensation of $225,000.00
        (in
        addition to his previously approved car allowance), less ordinary and customary
        withholdings for the period ending on the Termination Date (“Separation Period”)
        pursuant to BCI’s standard payroll procedures. 

      

      2. Bonus:
        Provided EMPLOYEE continues to serve as an employee at BCI (performing
        substantially the same functions as he has historically provided to BCI),
        BCI
        shall pay EMPLOYEE a bonus of (i) an amount equal to one week’s pay on the next
        payroll date following the date hereof, (ii) $30,000.00 on November 28, 2007
        and
        (iii) 30,000.00 on January 1, 2008, less ordinary and customary withholdings.
        

      

      3. Benefits:
        Employee will continue to receive all benefits as such benefits have been
        previously provided to EMPLOYEE. As of the Termination Date, EMPLOYEE shall
        be
        eligible to elect the continuance of group health insurance benefits in
        accordance with the federal COBRA law, at EMPLOYEE’s expense. 

      

      4. Termination
        of Employment. 

      

      (a)
        EMPLOYEE agrees that he will resign as an employee of Berliner Communications,
        Inc. and BCI Communications, Inc. effective January 1, 2008. EMPLOYEE agrees
        that he may need to resign as Chief Financial Officer and Treasurer prior
        to
        that date if BCI hires a replacement during this period, and BCI agrees that
        this change in title will not reduce or diminish its obligations to EMPLOYEE
        hereunder in any manner. EMPLOYEE acknowledges and agrees that he is due
        no
        other compensation, benefits or other consideration of any kind, other than
        as
        specifically identified in this Agreement. As of the close of business on
        the
        Termination Date, EMPLOYEE shall have no further duties as an employee of
        BCI,
        but will still be subject to any continuing obligations expressly provided
        for
        in this Agreement.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (b)
        BCI
        agrees that if, during the Separation Period, EMPLOYEE is subject to a “Without
        Cause Termination” (defined below), BCI shall continue to pay EMPLOYEE all of
        the salary and bonus payments that remain due to EMPLOYEE under Sections
        1 and 2
        hereof. By way of example, if EMPLOYEE is subject to a Without Cause Termination
        on December 1, 2007, and all salary and bonus payments have been made up
        to and
        through that date, EMPLOYEE would continue to receive his salary for the
        month
        of December and his January 11, 2008 bonus payment.

      

      (c)
        “Without Cause Termination” means a termination of the EMPLOYEE’s employment by
        BCI other than due to expiration of the Separation Period and other than
        a
        Termination for Cause. “Termination for Cause” means a termination of the
        EMPLOYEE's employment by BCI because the EMPLOYEE has (a) materially breached
        or
        materially failed to perform his duties and such breach or failure to perform
        constitutes self-dealing, willful misconduct or recklessness, (b) committed
        an
        act of dishonesty in the performance of his duties or engaged in conduct
        detrimental to the business of BCI, (c) been convicted of a felony or any
        crime
        involving moral turpitude, or (d) violated in any material respect the
        provisions of Sections 6, 7 or 8 below.

      

      5. Equipment
        and Property:
        EMPLOYEE
        agrees to promptly return to BCI all BCI property including, but not limited
        to,
        any and all computers, cellular telephones, card key passes, corporate credit
        cards, telephone cards, files, memoranda, keys, any other hardware and/or
        software that is in his possession.

       

      6. Release:

      

      6.1 In
        consideration of the arrangements described in the preceding paragraphs,
        EMPLOYEE hereby releases and discharges BCI and all individuals now or
        previously employed by BCI, including, but not limited to, its officers,
        directors, agents, employees, predecessors, successors, and assigns (whether
        any
        of the aforementioned individuals were acting as agents for BCI or in their
        individual capacities), from any and all claims and causes of action (except
        actions brought to obtain benefits or monies specifically set forth in this
        Agreement) which EMPLOYEE, his heirs, executors, administrators, successors,
        and
        assigns now have, ever had or may hereafter have up to and including the
        Termination Date, except for actions based on willful misconduct or
        fraud.

      

      6.2 In
        consideration of the arrangements described in this agreement, BCI hereby
        releases and discharges EMPLOYEE from any and all claims and causes of action
        (except actions brought to enforce the obligations specifically set forth
        in
        this Agreement), except for actions or claims based on willful misconduct
        or
        fraud.

      

      7. Non-Disclosure
        Obligations:
        

      

      
        	 	
                (a)

              	
                EMPLOYEE
                  hereby covenants and agrees that he shall not, for a period of
                  two (2)
                  years following the Termination Date, without the express written
                  consent
                  of BCI:

              

      

      

      
        	 	
                (i)

              	
                use
                  or disclose any Confidential Information, however acquired. As
                  referred to
                  in this Agreement, “Confidential
                  Information”
                  shall mean information, not already in the public domain, about
                  BCI, and
                  its clients and customers that was learned by EMPLOYEE in the course
                  of
                  his employment with BCI, including, without limitation, any trade
                  secrets,
                  customer lists, prospective customers, rates, contracts, contractors’ and
                  subcontractors’ lists, financial information, financial projections or
                  budgets, internal financial controls, acquisition or joint venture
                  targets, computer programs, and other data, services, vendors,
                  processes,
                  or methods related to the business of
                  BCI;

              

      

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      
        	 	
                (ii)

              	
                duplicate
                  or replicate or cause or permit others to duplicate or replicate
                  any
                  document or other material in any medium embodying any Confidential
                  Information; and

              

      

      

      
        	 	
                (iii)

              	
                disclose
                  or permit the disclosure of any Confidential Information to any
                  person or
                  entity, under any circumstances, unless EMPLOYEE is required to
                  disclose
                  such information by law or pursuant to a judicial order, in which
                  case
                  EMPLOYEE must provide three (3) days’ prior written notice to BCI,
                  including the type of Confidential Information to be disclosed,
                  and BCI
                  must consent to such disclosure if such consent is permissible
                  within the
                  judicial time constraints.

              

      

       

      8. Non-Compete
        and Non-Solicitation Obligations.
        EMPLOYEE
        acknowledges and agrees that, so long as BCI has not defaulted on its
        obligations to EMPLOYEE hereunder, as agreed to by the EMPLOYEE in Section
        7 of
        the Employment Agreement:

      

      
        	 	
                (a)

              	
                for
                  a period of two (2) years immediately following the Termination
                  Date,
                  except upon the express written consent of BCI, EMPLOYEE hereby
                  covenants
                  and agrees that he shall not, directly or indirectly, except for
                  general
                  solicitations not directed at BCI specifically, solicit or recruit
                  any
                  employee, officer, partner or consultant of BCI to leave the employment
                  of
                  BCI or terminate his/her relationship with BCI and that he will
                  not advise
                  or otherwise assist or advise any other person to solicit or recruit
                  any
                  employee, officer, partner or consultant of
                  BCI.

              

      

       

      
        	 	
                (b)

              	
                For
                  a period of one (1) year from the Termination Date, EMPLOYEE will
                  not
                  engage in Competition, as such term is defined in Section 7(c)
                  of the
                  Employment Agreement. BCI agrees that EMPLOYEE may accept employment
                  with
                  Dianet Communications, Inc. without violating this covenant not
                  to
                  compete.

              

      

       

      The
        parties agree that the provisions of this Section
        8
        shall be
        interpreted as broadly as possible to enforce such provisions; provided,
        however,
        that in
        the event that any provision of this Section
        8 is
        held
        invalid or unenforceable or is deemed to exceed the time, geographic or scope
        limitations permitted by applicable law, then such provisions shall be reformed
        to the maximum time, geographic or scope limitations, as the case may be,
        permitted by applicable laws, and such other changes shall be made to give
        effect to the original intent of the parties.

       

      9. Representations
        and Warranties:
        

      

      9.1 BCI
        represents that it has the authority to enter into this Agreement and that
        it
        has obtained the necessary corporate approvals to do so.

      

      9.2 EMPLOYEE
        represents and warrants that he is fully capable of understanding the terms
        and
        conditions of this Agreement; that he has carefully read the Agreement in
        its
        entirety; that he has had the opportunity to have the provisions of the
        Agreement explained to him by his own independent counsel, that he fully
        understands their terms and significance; and that he voluntarily assents
        to all
        the terms and conditions contained herein.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      10. Indemnification.
        BCI will continue to indemnify EMPLOYEE to the same extent EMPLOYEE was and
        has
        been covered by the indemnification provisions of BCI’s articles of
        incorporation and bylaws until the Termination Date, and thereafter to the
        same
        extent other officers would be covered for prior actions after termination
        of
        employment. 

      

      11. Severability:
        If, at
        any time after the Effective Date of this Agreement, any provision of this
        Agreement shall be held to be illegal, void or unenforceable, such provision
        shall be of no force and effect. However, the illegality or unenforceability
        of
        such provision shall have no effect upon, and shall not impair the
        enforceability of any other provision of this Agreement.

      

      12. No
        Oral Modification:
        This
        Agreement may not be modified except in a writing signed by both EMPLOYEE
        and
        the CEO of BCI.

      

      13. Choice
        of Law:
        This
        Agreement will be construed and enforced in accordance with the laws of the
        State of New Jersey, without regard to its conflict of law rules. 

      

      14. Construction
        of Agreement:
        This
        Agreement shall be interpreted without regard to the identity of the drafter,
        and shall not be construed for or against either party. 

      

      15. Binding
        Agreement:
        This
        Agreement shall be binding upon the Parties and upon their heirs,
        administrators, representatives, executors, successors and assigns.

       

      WHEREFORE,
        the
        Parties, by their signatures below, evidence their agreement to the provisions
        stated above:

      

      
        	 	
                Berliner
                  Communications, Inc.

              	 
	 	 	 	 
	 	
                Signature:
                  

              	 
                /s/ Rich Berliner	 
	 	 	 	 
	
                Dated:
                  October 17, 2007

              	
                By:
                  Rich Berliner

              	 
	 	 	 	 
	 	
                Title:
                  Chief Executive Officer

              	 
	 	 	 	 
	 	 	 	 
	
                Dated:
                  October 17, 2007

              	
                Signature:
                  

              	 
                /s/ Albert E. Gencarella	 
	 	 	 	 
	 	
                Albert
                  E. Gencarella

              	 

      

    

    
      

      
        
          
          

        

        
          3

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