Document:

f8k_ex10-1.htm

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
10.1

    EMPLOYMENT
AGREEMENT

    
 

    
 

    AGREEMENT, effective as of
October 1, 2008, between KENNETH M. DARBY (hereinafter called "Darby") and VICON
INDUSTRIES, INC., a New York corporation, having its principal place of business
at 89 Arkay Drive, Hauppauge, New York  11788 (hereinafter called the
"Company").

     

    WHEREAS, Darby has previously
been employed by the Company, and

     

    WHEREAS, the Company and Darby
mutually desire to assure the continuation of Darby's services to the
Company,

     

    NOW, THEREFORE, in
consideration of the premises and the mutual covenants herein set forth, the
parties covenant and agree as follows:

     

    1.                      Employment.  The
Company shall employ Darby as its Chief Executive Officer (CEO) throughout the
term of this Agreement, and Darby accepts such employment.

     

     2.                      Term.  The
term of this Agreement shall commence as of the date of this Agreement and
expire on September 30, 2009.

     

     3.                      Compensation.

     

    A. The
Company shall pay Darby a base salary of
$400,000 per annum.  Darby’s salary shall be paid to him through the
end of the term even if he should relinquish the CEO title and no longer have
the responsibilities as CEO.

     

    B.  Darby's
base salary shall be payable monthly or bi-weekly.

     

    C. 
Darby shall also be entitled to fully paid family
medical, dental, and hospital coverage utilizing doctors and hospitals of his
choosing and continuation of Darby’s individual long term disability
insurance.

     

    D. 
The Company may only terminate this Agreement for
reasons of “Gross Misconduct”.  “Gross Misconduct” shall mean(a) a
wilful, substantial and unjustifiable refusal to substantially perform the
duties and services required by this Agreement; (b) fraud, misappropriation or
embezzlement involving the Company or its assets; or (c) conviction of a felony
involving moral turpitude.

     

    4.            
Extent and Places of
Services; Vacation

     

    A.  Darby
shall establish the strategic vision, operating policy and direct, supervise and
oversee the operations of the Company.  He shall advise and report to
the Board of Directors.  Darby shall also assume and perform such
additional reasonable responsibilities and duties as the Board of Directors and
he may from time to time agree upon.

    
       

      B.  Darby
shall devote his full time, attention, and
energies to the business of the Company.

    

     

    C. Darby
shall not be required to perform his services
outside the Hauppauge, New York area or such other area on Long Island, New York
as shall contain the location of the Company's headquarters.

     

    D.   The
Company shall provide Darby with a Company paid auto, office space, secretary,
telephones and other office facilities appropriate to his duties.

     

    E.    Darby
shall be entitled to five (5) weeks paid vacation per annum.  Darby
shall not be entitled to any payment of unused vacation or sick time at the
conclusion of this Agreement.

     

    5.            
Covenant not to
Compete.  Darby agrees that during the term
of this Agreement and for a period of five years thereafter unless the Company
shall breach this agreement, he shall not directly or indirectly anywhere in the
world engage in, or enter
the employment of or render any services to any other entity engaged in, any
business of a similar nature to or in competition with the Company's business of
designing, manufacturing and selling CCTV security equipment and protection
devices anywhere in the United States, Europe and Asia.  Darby further
acknowledges that the services to be rendered under this Agreement by him are
special, unique, and of extraordinary character and that a material breach by
him of this section will cause the Company to suffer irreparable damage; and
Darby agrees that in addition to any other remedy, this section shall be
enforceable by negative or affirmative preliminary or permanent injunction in
any Court of competent jurisdiction.

     

    6.            
Termination Payment on
Change of Control.

     

    A.  Notwithstanding
any other provision of this Agreement, if a "Change of Control" occurs Darby, at
his option, may elect to terminate his obligations under this Agreement and to
receive a lump sum termination payment, without reduction for any offset or
mitigation, in an amount equal to the balance owing under this
Agreement.

    
       

      B. 
A
"Change of Control" shall be deemed to have occurred
if any entity shall directly or indirectly acquire a beneficial ownership of 50%
or more of the outstanding shares of capital stock of the Company or any other
event meeting the definition of “Change of Control” under IRS Section
409A.

       

    

    C.  Darby's
option to elect to terminate his obligations and to receive a lump sum
termination payment may be exercised only by written notice delivered to the
Company within 30 days following the date on which Darby receives actual notice
of Change of Control.

     

    D.  The
lump sum payment shall be made within 30 days of the Company's receipt of
Darby's notice of election.

     

    7.           
Death or
Disability.  The Company may terminate this Agreement, if
during the term of this Agreement Darby becomes so disabled for a period of six
months that he is substantially unable to perform his duties under this
Agreement throughout such period. In addition, this Agreement shall
automatically terminate upon Darby’s death.  Such termination shall
not release the Company from liability to Darby for compensation earned to the
date of the termination under this section.

     

    8.           
Arbitration.  Any
controversy or claim arising out of, or relating to this Agreement, or the
breach thereof, shall be settled by arbitration in the City of New York in
accordance with the rules of the American Arbitration Association then in
effect, and judgement upon the award rendered be entered and enforced in any
court having jurisdiction thereof.

     

    9.           
Miscellaneous.

     

    A. 
This agreement may not be waived, changed, modified or discharged orally, but
only by agreement in writing, signed by the party against whom enforcement of
any waiver, change, modification, or discharge is sought.

     

    B. 
This Agreement shall be governed by the laws of New York applicable to contracts
between New York residents and made and to be entirely performed in New
York.

     

    C. 
If any part of this Agreement is held to be unenforceable by any court of
competent jurisdiction, the remaining provisions of this Agreement shall
continue in full force and effect.

     

    
      D.  
A "Change of Control" shall be deemed to have and be
binding upon, the Company, its successor, and assigns.

    

     

    E. 
This Agreement is intended to supersede, on its effective date, an Employment
Agreement dated August 28, 2007 between the Company and Darby.

     

    IN WITNESS WHEREOF, the
parties hereto have duly executed this Agreement.

     

    

      
        	 
      	
                VICON
      INDUSTRIES, INC.

              
	 	 
	
                /s/ Kenneth M.
      Darby

              	
                /s/ Peter F.
      Neumann

              
	
                Kenneth
      M. Darby

              	
                Peter
      F. Neumann

              
	 
      	
                Chairman

              
	 
      	
                Compensation
      Committee

              
	
                Date:
      August 7, 2008exhibit10-154.htm

    Exhibit 10.154

    
CONFIDENTIAL

    FOURTEENTH
AMENDMENT TO CONTRACT FOR ALASKA ACCESS SERVICES

    

    This FOURTEENTH AMENDMENT TO THE CONTRACT FOR
ALASKA ACCESS SERVICES (“Fourteenth Amendment”) is entered into effective as of
May 15, 2008 (“Effective Date”), by and between GENERAL COMMUNICATION, INC.
and its indirectly, wholly-owned subsidiary, GCI COMMUNICATION CORP., both
Alaska corporations (together, “GCI”) with offices located at
2550 Denali Street, Suite 1000, Anchorage, Alaska 99503-2783 and MCI COMMUNICATIONS SERVICES,
INC., d/b/a VERIZON
BUSINESS SERVICES (successor-in-interest to MCI Network Services, Inc.,
which was formerly known as MCI WORLDCOM Network Services (“Verizon”) with offices located
at 1133 19th Street
N.W. Washington, D.C. 20036 (GCI with Verizon, collectively the “Parties,” and
individually, a “Party”).

    

    RECITALS

    

    WHEREAS, GCI and Verizon
entered into that certain Contract for Alaska Access Services dated January 1,
1993 (“Original Agreement”), as amended by (i) the First Amendment to Contract
for Alaska Access Services dated as of March 1, 1996, (ii) the Second Amendment
to Contract for Alaska Access Services dated as of January 1, 1998, (iii) the
Third Amendment to Contract for Alaska Access Services dated as of March 1,
1998, (iv) the Fourth Amendment to Contract for Alaska Access Services dated as
of January 1, 1999, (v) the Fifth Amendment to Contract for Alaska Access
Services dated as of August 7, 2000, (vi) the Sixth Amendment to Contract for
Alaska Access Services dated as of February 14, 2001, (vii) the Seventh
Amendment to Contract for Alaska Access Services dated as of March 8, 2001,
(viii) the Eighth Amendment to Contract for Alaska Access Services dated as of
July 1, 2003, (ix) the Ninth Amendment to Contract for Alaska Access Services
dated as of January 23, 2005, (x) the Tenth Amendment to Contract for Alaska
Access Services dated as of May 1, 2006, (xi) the Eleventh Amendment to Contract
for Alaska Access Services dated as of January 1, 2007, (xii) the Twelfth
Amendment to Contract for Alaska Access Services dated as of December 13, 2007
and (xiii) the Fourteenth Amendment to Contract for Alaska Access Services dated
as of December 21, 2007 (collectively, “Agreement”) which set forth the general
terms and conditions under which GCI provides certain telecommunications
services to Verizon; and

    

    WHEREAS, the Parties desire to
further modify the Agreement in accordance with the terms and conditions set
forth herein.

    

    AGREEMENT

    

    NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Parties agree as follows:

    

    I.  Term.  The
following shall be added to the end of the existing text of Section 3, Term, in
the Agreement:

    

    “The term for the services
for FTS2001 Service shall expire on June 30, 2010, unless the GSA terminates the
GSA FTS2001 Bridge  Contract between MCI and the GSA.  In
the event that either (i) the GSA terminates the GSA FTS2001 Bridge Contract
between MCI and the GSA or (ii) the term of the GSA FTS2001 Bridge Contract
expires, MCI may terminate the FTS2001 Services without
liability.  Such MCI termination shall be effective as of the date
that the GSA FTS2001 Bridge Contract either terminates or expires, as
applicable.”

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    II.           Effect of
Amendment.  All other terms and conditions of the Agreement not
expressly modified by this Fourteenth Amendment shall remain in full force and
effect.  The Parties hereby affirm and agree such terms remain
binding.

    

    III.           Further
Assurances.  The Parties shall cooperate in good faith, and
enter into such other instruments and take such actions, as may be necessary or
desirable, to fully implement the intent of this Fourteenth
Amendment.

    

    IV.           Counterparts; Signatures.  This
Fourteenth Amendment may be executed in counterparts, each of which shall be
deemed an original and both of which shall constitute one and the same
instrument.  When signed by each Party’s authorized representative, a
copy of facsimile of this Fourteenth Amendment shall have the same force and
effect as one bearing an original signature.

    

    V.           Entire
Agreement.  This Fourteenth Amendment, together with the
Agreement, including exhibits hereto and other documents incorporated by
reference, contains the complete agreement of the Parties with regard to the
subject matter herein and supersedes and replaces all other prior contracts and
representations concerning its subject matter.  In the event of a
conflict between the terms of this Fourteenth Amendment and the Agreement, the
terms of this Fourteenth Amendment shall control.  Any further
amendments to the Agreement must be in writing and signed by authorized
representatives of both Parties.

    

    IN WITNESS WHEREOF, the
Parties hereto each acting with proper authority have executed this Fourteenth
Amendment as of the Effective Date.

    

    MCI
COMMUNICATIONS SERVICES, INC.

    

    By: /s/ Peter H.
Reynolds_______________

    

    Printed Name: Peter H.
Reynolds_________

    

    Title: Director__________________________

    

    GCI
COMMUNICATION CORP.

    

    By: /s/ Richard
Westlund________________

    Printed Name:
Richard Westlund

    Title: Senior Vice
President & General Manager, Network Access Services

    

    GENERAL
COMMUNICATION, INC.

    

    By: /s/ Richard Westlund _______________

    Printed Name:
Richard Westlund

    Title: Senior Vice
President & General Manager, Network Access Services

    

     

    

    
      
        
           

        

        
          2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}]]