Document:

2012 Q1 Ex 10.1

EXHIBIT 10.1

February 7, 2012

Mr. Robert Strickland
335 Ontario Avenue
Park City, Utah 84068

Dear Rob:    

We are pleased to offer you the position of Executive Vice President and Chief Technology Officer reporting to Doug Hutcheson, Chief Executive Officer/President, Leap Wireless International, Inc. / Cricket Communications, Inc. (the company).  The terms of the offer are as follows:

		
	1.
	A starting bi-weekly salary of $18,269; if annualized, $475,000. The salary will be subject to annual merit-based consideration; however, this does not guarantee you will receive an increase annually.  As on officer of the company, all future salary adjustments/considerations will be at the option of the company's board or a committee of the board and will generally be based on your performance, market-based compensation data and the company's ability to provide such increases. 

		
	2.
	In consideration of the importance of this position, you will receive a sign-on bonus of $150,000 (less applicable taxes) payable within 30 days of your date of employment.

Should your employment be terminated by the company for “Cause” or by you without “Good Reason” (each as defined in our standard form of Severance Benefits Agreement) within one year of your date of employment, you agree to pay back a pro-rated portion of the sign-on bonus based on the number of days you were employed by the company during the year following your first day of employment.

		
	3.
	Eligibility to participate in our Short Term Incentive Bonus Plan.  You will have an opportunity to earn a target bonus up to 80% of your base compensation.  The bonus payout will be based on company and individual performance and prorated based on your date of employment.

		
	4.
	Attached you will find a comprehensive description of our benefits package for your information. In addition to your normal paid time off accrual you will accrue one additional week of paid time off annually.  Therefore, your annual paid time off accrual for years one through five will be four weeks per year.

		
	5.
	We will facilitate your relocation from Seattle, Washington/Park City, Utah to Denver, Colorado.  A copy of our relocation package/program is enclosed for your review.  To the extent that any of the relocation payments that we make result in taxable income to you, such payments will be grossed up to cover the applicable income taxes.

We will also pay you a temporary living allowance of $35,000 (grossed up for taxes) which will cover all of your temporary living costs, i.e. an apartment, rental car if necessary, food, and family visits on a bi-weekly basis.

		
	6.
	You will be eligible to participate in Cricket's Long Term Incentive Plan (LTIP) with a recommended initial grant of an option to purchase 100,000 shares of stock and an award of 75,000 shares of restricted stock.  The restricted stock and stock options will have a four-year vesting schedule with the stock options vesting 25% per year and the restricted shares vesting 25% after year two, 25% after year three, and 50% after year four.  

		
	7.
	As an officer of the company, you will be offered severance benefits in accordance with the company's standard form of Severance Benefits Agreement for Executive Vice Presidents.  Attached please find a sample copy of our standard form of severance agreement.  We expect to sign a severance agreement with you during your first month of employment with the company.

Please note that this offer of employment is contingent upon the favorable results of a drug and alcohol test, the results of a background investigation and you signing and agreeing to the terms of the company's Invention Disclosure, Confidentiality & Proprietary Rights Agreement.  We will initiate the background investigation 

immediately.  

To complete your pre-employment drug screen, you must visit an approved laboratory facility using your photo identification and instructions provided in the electronic donor registration document that has been emailed to you.  Approved laboratory locations can be found online using the donor registration information.  You must complete your pre-employment drug screen within three (3) business days of your email receipt of the electronic donor registration.  Your prompt attention to this requirement is necessary as your registration will expire if not used within three business days.  If you are unable to comply with this requirement, please contact me immediately.

Please return a signed copy of this offer letter along with the attached Employment and Invention Disclosure, Confidentiality & Proprietary Rights Agreement.  Please note that this offer is valid for five days from the date of this letter.  If you have any questions, please do not hesitate to call me at (858) 882-6015.

Congratulations and welcome!

Sincerely,

/s/ Leonard C. Stephens

Leonard C. Stephens
Senior Vice President, Human Resources

I accept the offer of employment made to me by Cricket Communications, Inc. and agree to the terms set forth above.

	
					
	Offer accepted:
	Robert A. Strickland
	 
	/s/ Robert A. Strickland
	 

	 
	Printed Name
	 
	Signature2012 Q1 Ex 10.2

EXHIBIT 10.2

February 6, 2012  

Jeff Nachbor
14107 Manor Dr.                                   
Leawood, KS 66224

Dear Jeff:   
In consideration of the importance of your position as Sr. VP, Financial Operations of Cricket Communications, Inc. (“Cricket” or the “Company”), we are pleased to offer you a retention bonus of $350,000.00 to be paid as follows: 

		
	1.
	$ 83,333.34 (less taxes) to be paid upon signing of this letter,

		
	2.
	$ 83,333.33 (less taxes) to be paid February 2013; and 

		
	3.
	$ 83,333.33 (less taxes) to be paid February 2014

		
	4.
	Up to $100,000.00 (less taxes) to be paid at the CEO's discretion at a time determined, based on review, assessment and determination of your level of effectiveness during the transition.

All payments are contingent upon your being an active, full-time employee in good standing (i.e., not subject to disciplinary action or on a performance improvement plan or performing at less than a 'Successful Performer' rating) as determined by your supervisor on the date any payment is to be made.  No payment will be earned or paid if you are no longer an active employee and/or are not an employee in good standing on the date any such payment is due.  This retention arrangement does not affect your employment relationship with the Company; that is, your employment with Cricket remains at-will.  If your employment by Cricket is terminated for any reason at any time prior to the date you are to receive a bonus payment, you will not be eligible for and will not receive the payment.  The retention arrangement also has no effect on any other compensation programs relevant to your performance (e.g., salary increases, bonus awards, potential stock and options grants, etc.)  Any payment made to you will not constitute eligible compensation for purposes of employee contributions or employer matching contributions to the Cricket Communications, Inc. 401(k) Plan or the Employee Stock Purchase Plan.

You also agree and understand that should you voluntarily terminate your employment with, or be terminated for cause by, Cricket within one year of receiving a payment, you will immediately pay back a pro-rated portion of any payment made to you during the previous 12-month period.  Proration will be based on a 12 month calendar, with 1/12th of the payment to be returned for each month remaining for the subsequent 12-month period.  In addition, should you be placed on a performance improvement plan or should your performance fall below the level of 'Successful Performer' as determined by your supervisor after receiving a payment, you agree to reimburse to Cricket the pro-rated amount of 1/12th of any bonus you received in the prior 12 months for each month that you are on a performance improvement plan or for each month that your performance is below the 'Successful Performer' level. 

This agreement is not intended to provide for any deferral of compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).  Accordingly, notwithstanding anything to the contrary contained in this letter agreement, any amount payable hereunder shall be paid no later than the later of: (A) the fifteenth (15th) day of the third month following your first taxable year in which such amount is no longer subject to a substantial risk of forfeiture, and (B) the fifteenth (15th) day of the third month following the first taxable year of the Company in which such amount is no longer subject to a substantial risk of forfeiture, as determined in accordance with Section 409A of the Code and any Department of 

Treasury Regulations and other interpretive guidance issued thereunder.

This letter agreement shall be binding upon and inure to the benefit of the successors of the Company.  This agreement will not give any rights or remedies to any person other than to you and the Company and its successors and may only be amended with the written consent of an executive officer of the Company and you.   In addition, this agreement is confidential in nature and should not be shared or discussed with anyone within the organization with the exception of Human Resources representatives and your direct supervisor.  This agreement may be shared with your spouse or significant other, tax advisor or legal representative as necessary. 

Congratulations and we wish you continued success at Cricket!

Yours very truly,

/s/ S. Douglas Hutcheson

S. Douglas Hutcheson
President and Chief Executive Officer

I have received and agree to be bound by the terms and conditions set forth in this letter.

	
					
	/s/ Jeff E. Nachbor
	 
	3/7/2012
	 
	 

	Jeff Nachbor
	 
	Date2012 Q1 Ex 10.3

EXHIBIT 10.3

05 March 2012
Jeffrey Nachbor
14107 Manor Drive
Leawood, KS 66224

Dear Jeffrey:

In light of your performance in the position of Senior Vice President, Financial Operations, we are pleased to offer you a temporary living assistance bonus as detailed below:

		
	1.
	You will be paid a lump sum temporary living payment in the amount of $40,000 (grossed up to cover taxes). This amount will be reported as taxable income on your W-2 for 2012. You agree and understand that this is the only temporary living payment that will be made to you in 2012. This $40,000 is intended to cover your temporary living expenses for the next 18 months; therefore you will not be eligible for consideration for any additional temporary living assistance.

		
	2.
	You agree that should you voluntarily terminate your employment prior to the completion of 18 months of employment after receiving this bonus, you will reimburse Cricket on a prorated basis, at 1/18th of the total amount for each remaining month from the date of the voluntary termination.

		
	3. 
	You agree and understand that the bonus payment is made in lieu of normal travel and temporary living expenses for which you would normally be reimbursed to include, but not limited to: airfare (or other public transportation), lodging, meals, rental cars, travel within the local area (such as taxi service or van service to the airport, etc.).

All components of the offer are contingent upon continuing active employment at a satisfactory level as determined by your supervisor.

Congratulations and we wish you continued success at Cricket!

Sincerely,

/s/ Leonard C. Stephens

Leonard C. Stephens
Senior Vice President, Human Resources

I accept the terms of the offer for temporary living assistance made to me by Cricket Communications, Inc.,
and agree to the terms set forth above.

	
						
	Agreement Acknowledged:
	 
	Jeffrey Nachbor
	 
	/s/ Jeffrey E. Nachbor
	 

	 
	 
	Printed Name
	 
	Signature
	 

	 
	 
	 
	 
	 
	 

	 
	 
	3/8/2012
	 
	 
	 

	 
	 
	Date
	 
	 
	 

	cc: Bill Ingram

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