Document:

EX-10.1

Exhibit 10.1

EXECUTION COPY

November 7, 2008

AT&T Inc.

208 S Akard St., Suite 3611

Dallas, Texas 75202

Attention: Jonathan Rather

Ladies and Gentlemen:

          Each of the stockholders listed on Schedule I to this letter agreement (individually, a
“Stockholder,” and together, the “Stockholders”) understands that AT&T Inc., a
Delaware corporation (“Parent”), Independence Merger Sub Inc., a Delaware corporation
(“Merger Sub”) and Centennial Communications Corp., a Delaware corporation (the
“Company”), propose to enter into an Agreement and Plan of Merger, dated as of November 7,
2008 (as it may be from time to time amended or terminated the “Merger Agreement”),
providing for, among other things, a merger of Merger Sub with and into the Company (the
“Merger”), in which all of the issued and outstanding shares of common stock, par value
$0.01 per share, of the Company (the “Company Common Stock”) (other than Excluded Shares
and any Dissenting Shares to which appraisal rights shall have been perfected) will be cancelled
and converted into the right to receive the Merger Consideration. Terms used without definition in
this letter agreement shall have the meanings ascribed thereto in the Merger Agreement.

          Each of the Stockholders acknowledges that, as a condition to entering into the Merger
Agreement, Parent has required that each of the Stockholders enter into this letter agreement and,
in order to induce Parent to enter into the Merger Agreement, each of the Stockholders is willing
to enter into this letter agreement.

          Each of the Stockholders confirms such Stockholder’s agreement with Parent, and Parent
confirms its agreement with each of the Stockholders, as follows:

     1. Each of the Stockholders represents and warrants that Schedule I to this letter agreement
sets forth the number of shares of Company Common Stock (the “Shares”) of which such
Stockholder is the record or beneficial owner as of the date hereof and separately sets forth the
number of Shares that are owned of record and the Shares over which it has voting control as of the
date hereof. Each Stockholder represents and warrants that, as of the date of this letter
agreement, such Stockholder owns (beneficially or of record, as the case may be) the Shares set
forth opposite such Stockholder’s name on Schedule I to this letter agreement free and clear of all
Liens and all voting agreements and commitments of every kind, other than the First Amended and
Restated Stockholders Agreement, dated as of January 20, 1999, as amended on

 

 

AT&T Inc./November 7, 2008

September 10, 2003, July 24, 2006, June 4, 2007, September 27, 2007 and November 29, 2007 (the
“Stockholders Agreement”), by and among the Company and the parties thereto. All shares of
Company Common Stock owned beneficially or of record by the Stockholder are owned free and clear of
all Liens and voting agreements and commitments of every kind other than the Stockholders
Agreement. Each Stockholder further represents and warrants that, such Stockholder has the power
to vote all shares of Company Common Stock owned by it of record or beneficially without
restriction and that any proxies that have been given in respect of any or all of such shares have
been revoked.

     2. At every meeting of the stockholders of the Company called, and at every postponement or
adjournment thereof, and on every action or approval by written consent of the stockholders of the
Company, each Stockholder irrevocably agrees to vote, or cause to be voted, such Stockholder’s
shares of Company Common Stock owned beneficially or of record and at such time over which it has
voting control to be voted in favor (a) of (i) adoption of the Merger Agreement and (ii) any other
matter that is required by applicable Law or a Governmental Entity to be approved by the
stockholders of the Company to facilitate the transactions contemplated by the Merger Agreement,
and (b) against (i) any proposal made in opposition to adoption of the Merger Agreement or in
competition with the Merger, (ii) any Company Alternative Proposal, (iii) any Qualifying
Transaction and (iv) to the extent that any of the following actions require a stockholder vote
pursuant to applicable Law, any proposal, transaction, agreement, amendment of the Company’s
certificate of incorporation or by-laws or other action that is intended to or would reasonably be
expected to prevent, impede, interfere with, delay, postpone or discourage consummation of the
Merger or that would result in a breach of any representation, warranty, covenant, agreement or
other obligation of the Company in the Merger Agreement or facilitate a Company Alternative
Proposal or Qualifying Transaction. Any such vote shall be cast (or consent shall be given) by
such Stockholder in accordance with such procedures relating thereto so as to ensure that it is
duly counted, including for purposes of determining that a quorum is present and for purposes of
recording the results of such vote (or consent). Each Stockholder hereby irrevocably and
unconditionally waives, and agrees to prevent the exercise of, any rights of appraisal, any
dissenters’ rights and any similar rights relating to the Merger that such Stockholder may directly
or indirectly have by virtue of the ownership of any shares of Company Common Stock.

     3. Each Stockholder hereby revokes any and all previous proxies granted with respect to its
Shares. By entering into this letter agreement, subject to the last sentence of this paragraph 3,
each Stockholder hereby grants, or agrees to cause the applicable record holder to grant, a proxy
appointing Wayne Watts and Richard Lindner, collectively, but each with full power of substitution,
as such Stockholder’s attorney-in-fact and proxy, for and in such Stockholder’s name, to be counted
as present, vote, express consent or dissent with respect to the shares of Company Common Stock
owned of record or beneficially by it in the manner contemplated by, paragraph 2 as such proxies

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AT&T Inc./November 7, 2008

or their proxies or substitutes shall, in their sole discretion, deem proper with respect to
the shares of Company Common Stock. The proxy granted by each Stockholder pursuant to this
paragraph 3 is, subject to the last sentence of this paragraph 3, irrevocable and is coupled with
an interest, in accordance with Section 212(e) of the DGCL, and is granted in order to secure such
Stockholder’s performance under this letter agreement and also in consideration of Parent entering
into this letter agreement and the Merger Agreement. If any Stockholder fails for any reason to be
counted as present, consent or vote its shares of Company Common Stock in accordance with the
requirements of paragraph 3 above (or anticipatorily breaches such section), then Parent shall have
the right to cause to be present, consent or vote such Stockholder’s shares of Company Common Stock
in accordance with the provisions of paragraph 2. The proxy granted by Stockholder shall be
automatically revoked upon termination of this letter agreement in accordance with its terms.

     4. Subject to the provisions of Section 9 below, each Stockholder agrees that such Stockholder
will not, and will cause its respective Representatives not to, directly or indirectly, (i)
initiate, solicit, encourage, knowingly facilitate or induce any inquiry with respect to, or the
making, submission or announcement of, any Company Alternative Proposal or Qualifying Transaction,
(ii) participate in any negotiations regarding, or furnish to any person any nonpublic information
with respect to, any Company Alternative Proposal or Qualifying Transaction or in response to any
inquiries or proposals that would reasonably be expected to lead to any Company Alternative
Proposal or Qualifying Transaction, or (iii) engage in discussions with any person with respect to
any Company Alternative Proposal or Qualifying Transaction, except to notify such person as to the
existence of the provisions of this Section 4 of this letter agreement, in each case. Each
Stockholder shall immediately terminate, and shall cause its respective Representatives to
immediately terminate, all discussions or negotiations, if any, that are ongoing as of the date
hereof with any person with respect to a Company Alternative Proposal or Qualifying Transaction.

     5. Each Stockholder represents and warrants (a) that such Stockholder has duly authorized and
executed this letter agreement and has all necessary power and authority to enter into this letter
agreement; and (b) that, assuming the due authorization, execution and delivery of this letter
agreement by Parent, this letter agreement is such Stockholder’s legal, valid and binding agreement
and is enforceable against such Stockholder in accordance with its terms, except to the extent that
enforceability may be limited by applicable bankruptcy, insolvency, moratorium or other similar
laws affecting the enforcement of creditors’ rights generally and subject to the general principles
of equity.

     6. Each Stockholder further represents and warrants that the execution and delivery of this
letter agreement by such Stockholder do not, and the performance of its obligations under this
letter agreement and the consummation of the transactions to be consummated by it as contemplated
hereby shall not, (a) conflict with or violate any law,

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AT&T Inc./November 7, 2008

rule, regulation, order, judgment or decree applicable to such Stockholder or by which its
Shares are bound or affected, (b) result in any breach of or constitute a default (or an event that
with notice or lapse of time or both would become a default) under, or give to others any rights of
termination, amendment, acceleration or cancellation of, or result in the creation of a Lien or
encumbrance on, any of the Shares pursuant to, any note, bond, mortgage, indenture, contract,
agreement, lease, license, permit, franchise or other instrument or obligation to which such
Stockholder is a party or by which such Stockholder or the Shares are bound or affected, or
(c) require any consent, approval, authorization or permit of, or filing with or notification to,
any court or arbitrator or any governmental entity, agency or official except for (i) applicable
requirements, if any, of the Securities and Exchange Act of 1934, as amended, and (ii) where the
failure to obtain such consents, approvals, authorizations or permits, or to make such filings or
notifications, would not prevent, impair or delay the performance by such Stockholder of its
obligations under this letter agreement.

     7. This letter agreement and all obligations of the parties hereunder shall automatically
terminate upon the earlier of (a) the Effective Time, (b) the termination of the Merger Agreement
in accordance with its terms and (c) the effectiveness of any amendment, modification, supplement
to, or waiver under, the Merger Agreement which amendment, modification, supplement or waiver would
(1) reduce the amount or change the form or composition of the Merger Consideration payable in the
Merger or (2) extend the Termination Date; provided, however, that (i) Sections 12,
13, 14, 15, 18 and 19 hereof shall survive any such termination and (ii) such termination shall not
relieve any party of any obligation for any breach of this letter agreement occurring prior to such
termination.

     8. Each Stockholder has approved the entry into this letter agreement and the consummation of
the transactions contemplated by the Merger Agreement for the purposes of Section 7(b)(i)(b) of the
Stockholders Agreement.

     9. Notwithstanding anything contained in this letter agreement to the contrary, the
representations, warranties, covenants and agreements made herein by each Stockholder are made
solely with respect to such Stockholder and the Shares owned by such Stockholder. Each Stockholder
is entering into this letter agreement solely in its capacity as record holder or beneficial owner
of such Stockholder’s Shares and nothing herein shall limit or affect any actions taken by any
employee, officer, director, partner or other affiliate (including, for this purpose, any appointee
or representatives of such Stockholder to the Board of Directors) of such Stockholder, solely in
his or her capacity as a director or officer of the Company (or a Subsidiary of the Company).

     10. Each Stockholder hereby authorizes Parent and the Company to publish and disclose in any
announcement or disclosure in connection with the Merger, including the Proxy Statement/Prospectus,
Stockholder’s identity and ownership of the Shares and the nature of such Stockholder’s obligation
under this letter agreement.

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AT&T Inc./November 7, 2008

     11. Each Stockholder agrees that prior to the termination of this letter agreement, such
Stockholder shall not take any action that would make any representation or warranty of such
Stockholder contained herein untrue or incorrect or have the effect of preventing, impeding,
interfering with or adversely affecting the performance by such Stockholder of its obligations
under this letter agreement. Each Stockholder agrees, without further consideration, to execute
and deliver such additional documents and to take such further actions as necessary or reasonably
requested by Parent to confirm and assure the rights and obligations set forth in this letter
agreement.

     12. This letter agreement shall be interpreted, governed by and construed in accordance with
the Laws of the State of Delaware, regardless of the Laws that might otherwise govern under
applicable principles of conflict of Laws thereof.

     13. Each party to this letter agreement unconditionally and irrevocably (a) consents to submit
itself to the exclusive jurisdiction of the Court of Chancery of the State of Delaware and any
state appellate court within the State of Delaware or, in the event under federal law exclusive
jurisdiction is vested in the federal courts, any federal court sitting in the State of Delaware
(“Delaware Court”), in the event of any dispute arising out of or relating to this letter
agreement or any of the transactions contemplated by this letter agreement, or the breach,
termination or validity thereof, (b) agrees that it will not attempt to deny or defeat such
jurisdiction by motion or other request for leave from any such Delaware Court and irrevocably
waives any objections which it may have now or in the future to the jurisdiction of any Delaware
Court including without limitation objections by reason of lack of personal jurisdiction, improper
venue, or inconvenient forum and (c) agrees that it will not bring any action relating to this
letter agreement or any of the transactions contemplated by this letter agreement in any court
other than a Delaware Court, except for an action to enforce an order or judgment of a Delaware
Court. For purposes of implementing the foregoing with respect to any transferee of any Shares,
such transferee will appoint Corporation Services Company as agent for service of process in the
State of Delaware in connection with this letter agreement.

     14. Each party to this letter agreement acknowledges and agrees that any controversy which may
arise under this letter agreement is likely to involve complicated and difficult issues, and
therefore each party hereby irrevocably waives all right to trial by jury in any action, suit,
proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or
relating to this letter agreement or any of the transactions contemplated by this letter agreement
or the actions of each party in the negotiation, administration, performance and enforcement
hereof. Each party certifies and acknowledges that (i) no representative, agent or attorney of any
other party has represented, expressly or otherwise, that such other party would not, in the event
of litigation, seek to enforce the foregoing waiver, (ii) each party understands and has considered
the implications of this waiver, (iii) each party makes this waiver voluntarily,

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AT&T Inc./November 7, 2008

and (iv) each party has been induced to enter into this letter agreement by, among other
things, the mutual waivers and certifications herein.

     15. Any notice, request, instruction or other document required to be given hereunder shall be
sufficient if in writing, and sent by confirmed facsimile transmission (provided that any notice
received by facsimile transmission or otherwise at the addressee’s location on any business day
after 5:00 p.m. (addressee’s local time) shall be deemed to have been received at 9:00 a.m.
(addressee’s local time) on the next business day), by reliable overnight delivery service (with
proof of service), hand delivery or certified or registered mail (return receipt requested and
first-class postage prepaid), addressed if to Stockholder, to the address set forth below its name
in Schedule I hereto, and (ii) if to Parent or the Company, in accordance with Section 8.10 of the
Merger Agreement.

     16. Except as expressly set forth in this letter agreement, neither this letter agreement nor
any of the rights, interests or obligations hereunder shall be assigned by any of the parties
hereto (whether by operation of law or otherwise) without the prior written consent of the other
party. Any purported assignment in violation of this letter agreement shall be null and void.

     17. Each party to this letter agreement recognizes and acknowledges that a breach by it of any
covenants or agreements contained in this letter agreement will cause the other party to sustain
damages for which it would not have an adequate remedy at law for money damages, and therefore each
party agrees that in the event of any such breach, the aggrieved party shall be entitled to
specific performance of such covenants and agreements and injunctive and other equitable relief in
addition to any other remedy to which it may be entitled, at law or in equity. It is accordingly
agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches of
this letter agreement and to enforce specifically the terms and provisions of this letter agreement
in any federal or state court located in the State of Delaware.

     18. The effectiveness of this letter agreement shall be conditioned upon the execution and
delivery of the Merger Agreement by the parties thereto.

     19. Each Stockholder agrees that this letter agreement and the obligations hereunder shall
attach to such Stockholder’s Shares and shall be binding upon any person or entity to which legal
or beneficial ownership of such Shares shall pass, whether by operation of law or otherwise,
including such Stockholder’s heirs, guardians, administrators or successors, as applicable. Prior
to, directly or indirectly, transferring any rights (including voting rights) or ownership in or to
any shares of Company Common Stock, the transferring Stockholder agrees to cause the potential
transferee of such shares of Company Common Stock to enter into an agreement with Parent on the
same terms as the terms hereof.

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AT&T Inc./November 7, 2008

     20. Parent acknowledges and agrees that nothing in this letter agreement shall be deemed to
vest in Parent any direct or indirect ownership or incidence of ownership of or with respect to any
Shares of any Stockholder. All rights, ownership and economic benefits of and relating to the
Shares of any Stockholder shall remain vested in and belong to such Stockholder, and Parent shall
have no authority to manage, direct, superintend, restrict, regulate, govern or administer any of
the policies or operations of the Company or exercise any power or authority to direct any
Stockholder in the voting of any of such Stockholder’s Shares, except as otherwise expressly
provided herein.

     21. Each Stockholder and the Company agree that as of the date of this letter agreement, each
certificate representing shares of Company Common Stock owned, beneficially or of record, by such
Stockholder shall conspicuously bear the following legend until such time the shares represented
thereby are no longer subject to the provisions hereof:

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS
AND CONDITIONS OF THE LETTER AGREEMENT, DATED AS OF NOVEMBER 7, 2008,
AMONG THE COMPANY AND THE PARTIES THERETO INCLUDING THE VOTING AND
TRANSFER RESTRICTIONS CONTAINED THEREIN.”

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          Please confirm that the foregoing correctly states the understanding between each Stockholder
and you by signing and returning to us a counterpart hereof.

Very truly yours,

WELSH, CARSON, ANDERSON &

STOWE VIII, L.P.

     By: WCAS VIII ASSOCIATES, L.L.C., its

     general partner

	 	 	 	 	 
	 	 	 
	 	By:  	
  /s/ Jonathan Rather	 
	 	Name:	
  Jonathan Rather	 	 
	 	Title:	
  Chief Financial Officer	 	 

 

 

Confirmed as of the date

first above written:

	 	 	 	 	 	 
	CENTENNIAL
COMMUNICATIONS CORP.
	 
	 	 	 	 
	By:
	 	/s/ Michael J. Small 	 	 
	 	 	Name:	 Michael J. Small	 
	 
	 	Title:	Chief Executive Officer 	 	 

Confirmed as of the date
first above written:

AT&T INC.

	 	 	 	 	 	 
	By:
	 	/s/ Rick L. Moore 	 	 
	 	 	Name:
	 Rick L. Moore	 
	 

	 	Title:	Senior Vice President -
Corporate Development 	 	 
	 
	 	 	 	 

 

 

SCHEDULE I

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Shares Over Which
	 	 	 	 	 	 	Shares Owned of	 	Stockholder Has Voting
	Stockholder Name and Address	 	Shares Held	 	Record	 	Control
	Welsh, Carson, Anderson & Stowe VIII, L.P. 
	 	 	19,122,000	 	 	 	19,122,000	 	 	 	19,122,000	 
	
c/o Welsh, Carson, Anderson & Stowe

320 Park Avenue, Suite 2500

New York, New York 10022EX-10.2

Exhibit 10.2

EMPLOYMENT AGREEMENT

     EMPLOYMENT AGREEMENT (the “Agreement”) made as of this  ___, 2008 by and between
Centennial Communications Corp., a corporation organized and subsisting under the laws of Delaware
and whose address for the purposes of this Agreement is 3349 Route 138, Wall, New Jersey 07719
(together with its Subsidiaries, the “Company”) and [                    ], an individual residing at
the address set forth on the signature page hereto (“Employee”).

RECITALS

	1.	 	[The Company and Employee are parties to an Employment Agreement, dated as of [                    ], (the
“Original Employment Agreement”). The Company and Employee desire to terminate the
Original Employment Agreement and the Company and Employee desire to enter into a new
Employment Agreement as provided herein. Accordingly, on the date hereof, the Original
Employment Agreement shall automatically terminate.]

	2.	 	The Company desires to employ Employee as its [                    ] and in such other capacities as may
be permitted by this Agreement, and under all of the terms, provisions and conditions set
forth herein.

	3.	 	Employee is willing to accept such employment, and such other employment as may be provided
for herein, all under the terms, provisions and conditions set forth herein.

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein set forth and other
good and valuable consideration, the receipt and adequacy of which is mutually acknowledged, it is
agreed by and between the parties as follows:

Article I. Representations and Warranties

     Employee represents and warrants that (i) the information (written and oral) provided by
Employee to the Company in connection with obtaining employment with the Company or in connection
with Employee’s former employments, work history, circumstances of leaving former employments, and
educational background, is true and complete, (ii) Employee’s performance of this Agreement will
not conflict with or result in a breach of any agreement, understanding, or other obligation,
written or oral, to which Employee is a party or by which he or she may be bound and (iii) Employee
is not subject to or bound by any covenant against competition, solicitation, non-disclosure or
confidentiality, written or oral, which would conflict with, restrict or limit the performance of
the services to be provided by Employee hereunder. Employee has provided to the Company a true
copy of any non-competition and/or non-solicitation obligation or agreement to which he or she may
be subject.

Article II. Employment

     The Company hereby employs Employee and Employee accepts such employment as [                    ].
In such capacity, Employee shall be responsible for [                    ], subject to the direction
and control of the Chief Executive Officer of the Company and the Board of Directors of the
Company. In addition, Employee shall perform such duties and functions as are consistent with
Employee’s status as a senior executive officer of the Company. Subject to

 

 

the preceding sentence, the Company, in its sole discretion, may change Employee’s duties from
time to time upon notice to Employee. At the direction of the Chief Executive Officer or the Board
of Directors of the Company, Employee shall also serve in such other senior executive and/or other
administrative capacities with the Company and any subsidiaries of the Company
(“Subsidiaries” or individually a “Subsidiary,” as hereafter defined), as they may
determine.

Article III. Place of Employment

     Employee shall render Employee’s services where and as required by the Company, it being
understood and agreed, however, that Employee’s base of operations shall be the office of the
Company in [                    ], and that Employee shall not be required to render services on a permanent
basis outside of said region unless Employee otherwise agrees.

Article IV. Term

     4.1. Unless earlier terminated as provided in this Agreement, the term of Employee’s
employment under this Agreement shall be for a period beginning on the date hereof and ending on
the one-year anniversary of the date hereof (the “Initial Term”).

     4.2. The term of Employee’s employment under this Agreement shall be automatically renewed for
additional one-year terms (each a “Renewal Term”) upon the expiration of the Initial Term
or any Renewal Term unless the Company or Employee delivers to the other, at least ninety (90) days
prior to the expiration of the Initial Term or the then current Renewal Term, as the case may be, a
written notice (a “Notice of Non-Renewal”) specifying that the Term of Employee’s
employment will not be renewed at the end of the Initial Term or such Renewal Term, as the case may
be. The Initial Term or, in the event that Employee’s employment hereunder is earlier terminated
as provided herein or renewed as provided in this Section 4.2, such shorter or longer
period, as the case may be, is hereinafter called the “Term.”

     4.3. In the event of a Change in Control, as defined in Employee’s Change in Control Agreement
by and between the Company and Employee, dated _____, 2008 (the “Change in Control
Severance Agreement”) occurring during the term of the Change in Control Agreement, this
Agreement will be of no further force and effect during the two-year period following such Change
in Control.

Article V. Compensation

     5.1. Subject to prior termination, as compensation for all services rendered and to be
rendered by Employee hereunder and the fulfillment by Employee of all of Employee’s obligations
herein, the Company shall pay Employee a base salary at the rate equal to U.S. [$___] per year
for each year of the Term on such days as the Company normally pays its employees and subject to
such withholdings as may be required by law (said amount, together with any changes thereto as may
be determined from time to time by the Board of Directors of the Company in its sole discretion,
being hereinafter referred to as “Base Salary”).

     5.2. During the Term, Employee shall be eligible to receive an annual discretionary incentive
bonus payment under the Company’s annual bonus program as in effect from time to time, upon the
attainment of one or more pre-established performance goals established by the

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Board of Directors (or a committee thereof). The current target bonus for Employee is
[$                    ] (the “Target Bonus”).

     5.3. Nothing herein shall prevent or preclude the Board of Directors of the Company or the
applicable committee of the Board of Directors, in its sole discretion, and from time to time, from
awarding or granting Employee (i) options to acquire shares of stock in the Company, (ii) shares of
stock in the Company or (iii) any other incentive or stock related awards in addition to Base
Salary or Target Bonus. In exercising its discretion with respect to whether a bonus should be
awarded and the amount thereof, the Board or the applicable Committee may consider, among other
factors, the contribution of Employee (x) to the growth in revenues, cash flow and subscribers of
the Company and those Subsidiaries to or for which Employee renders service, (y) in connection with
acquisitions and financings, and (z) to the operations of the Company and its various Subsidiaries
as an entity.

     5.4. During the Term, Employee will be eligible to participate, subject to the eligibility
requirements and other terms and conditions of the applicable Company plans as in effect from time
to time, in the Company’s health, disability and other benefit plans generally available to the
Company’s senior officers from time to time and as then in effect.

Article VI. Reimbursement for Business Expenses; Fringe Benefits

     6.1. The Company agrees that all reasonable expenses actually incurred by Employee in
accordance with Company policy in the discharge and fulfillment of Employee’s duties for the
Company, as set forth in Article II, will be reimbursed or paid by the Company upon written
substantiation therefor signed by Employee, itemizing said expenses and containing all applicable
vouchers or other substantiation consistent with Company policy in effect from time to time.

     6.2. The Company agrees that it will cause Employee to be insured under such group life,
medical, disability and insurance that the Company may maintain and keep in force from time to time
during the Term for the benefit of all the Company’s employees, subject to the terms, provisions
and conditions of such insurance and the agreements with underwriters relating to same. It is
understood and agreed that in its discretion the Company from time to time may terminate or modify
any or all of such benefits without obligation or liability to Employee.

Article VII. Exclusivity; Non Solicitation; Non Competition; Disparaging Remarks. In
exchange for the consideration to be received by Employee hereunder and in light of the high-level
position that Employee will occupy within the Company, Employee agrees as follows:

     7.1. During the Term, Employee agrees to devote his full business time and attention and his
best energies and abilities to the business and activities of the Company, including any
Subsidiaries. During the Term, Employee shall not have an interest in, or perform services for,
any other business or entity of any kind or nature, other than services of a nominal nature that do
not interfere with Employee’s responsibilities to the Company; provided, however, that nothing
herein shall prevent Employee from (i) investing in other businesses which are not competitive in
any manner with the business then being conducted by the Company or any of its Subsidiaries, or
(ii) investing in (but not rendering services to) other businesses which are competitive in any

3

 

manner with the business then being conducted by the Company or any of its Subsidiaries,
provided in the latter instance, that (x) the shares of such business are listed and traded over
either a national securities exchange or in the over-the-counter market, and (y) the stock interest
or potential stock interest (based on grants, options, warrants or other arrangements or agreements
then in existence) in any such business which is so traded (together with any and all interest,
actual and potential, of all members of Employee’s immediate family) is not a controlling or
substantial interest and specifically does not exceed one percent of the issued and outstanding
shares or a one percentage interest of or in such business. Employee may serve as a trustee,
director, officer or other involvement of a non-profit or similar organization so long as it does
not interfere with his or her responsibilities to the Company.

     7.2. During the Term, and the one year period following the end of the Term for any reason
whatsoever (the “Restricted Period”), Employee will not directly or indirectly, and will
not assist directly or indirectly any other person to (A) hire or engage in any capacity any
employee of the Company or any of its Subsidiaries (or any person who was an employee of the
Company or any of its affiliates within twelve (12) months of the date such hiring or engagement
occurs) or solicit or seek to persuade any employee of the Company or any of its Subsidiaries to
discontinue such employment, or (B) solicit or encourage any independent contractor providing
services to the Company or any of its Subsidiaries to terminate or diminish its relationship with
them.

     7.3. During the Restricted Period, Employee agrees that Employee will not, directly or
indirectly (whether for compensation or without compensation), own, manage, operate, control,
participate in, consult with, render services for or in any manner engage in any business in the
Territory (as defined below) that is engaged in any business then being conducted by the Company or
any of its Subsidiaries during the Term. For purposes of this covenant, the term
“Territory” means all geographic areas in which the Company or any of its Subsidiaries have
operated during the Term.

     7.4. Upon the receipt of reasonable notice from the Company (including outside counsel),
Employee agrees that while employed by the Company and thereafter, Employee will respond and
provide information with regard to matters in which Employee has knowledge as a result of
Employee’s employment with the Company, and will provide reasonable assistance to the Company, its
affiliates and their respective representatives in defense of any claims that may be made against
the Company or its affiliates, and will assist the Company and its affiliates in the prosecution of
any claims that may be made by the Company or its affiliates, to the extent that such claims may
relate to the period of Employee’s employment with the Company. Employee agrees to promptly inform
the Company if Employee becomes aware of any lawsuits involving such claims that may be filed or
threatened against the Company or its affiliates. Employee also agrees to promptly inform the
Company (to the extent that Employee is legally permitted to do so) if Employee is asked to assist
in any investigation of the Company or its affiliates (or their actions), regardless of whether a
lawsuit or other proceeding has then been filed against the Company or its affiliates with respect
to such investigation, and shall not do so unless legally required. Upon presentation of
appropriate documentation, the Company shall pay or reimburse Employee in accordance with the
Company’s policy in effect from time to time for all reasonable out-of-pocket travel, duplicating
or telephonic expenses incurred by Employee in complying with this Section 7.4.

4

 

     7.5. During the Restricted Period, Employee will not directly or indirectly induce or
encourage any customer or Supplier to limit or reduce its business with the Company or any of its
Subsidiaries. For purposes of this Section 7.5, the term “Supplier” means any
person, including vendors and licensors, from which the Company received any product for resale or
distribution or any resale or distribution service or, to Employee’s knowledge, contemplated
receiving any such product or service, during the twelve (12)-month period prior to the date of
Employee’s termination.

     7.6. During the Term and thereafter, Employee agrees not to make any public statement that is
intended to or could reasonably be expected to disparage the Company or its affiliates or any of
their products, services, shareholders, directors, officers or employees.

Article VIII. Uniqueness

     8.1. In signing this Agreement, Employee gives the Company assurance that Employee has
carefully read and considered all the terms and conditions of Article VII, Article
IX, and/or Article X. Employee agrees that these restraints are necessary for the
reasonable and proper protection of the Company and its affiliates and their trade secrets and
Confidential Information and that each and every one of the restraints is reasonable in respect to
subject matter, length of time and geographic area, and that these restraints, individually or in
the aggregate, will not prevent Employee from obtaining other suitable employment during the period
in which Employee is bound by the restraints. Employee acknowledges that each of these covenants
has a unique, very substantial and immeasurable value to the Company and its affiliates, that
Employee has sufficient assets and skills to provide a livelihood while such covenants remain in
force and that, as a result of the foregoing, in the event that Employee breaches such covenants,
monetary damages would be an insufficient remedy for the Company and equitable enforcement of the
covenant would be proper. Employee therefore agrees that the Company, in addition to any other
remedies available to it, will be entitled to preliminary and permanent injunctive relief against
any breach by Employee of any of those covenants, without the necessity of showing actual monetary
damages or the posting of a bond or other security. Employee and the Company further agree that,
in the event that any provision of Article VII, Article IX, and/or Article
X is determined by any court of competent jurisdiction to be unenforceable, that provision will
be deemed to be modified to permit its enforcement to the maximum extent permitted by law.
Employee further covenants that Employee will not challenge the reasonableness or enforceability of
any of the covenants set forth in Article VII, Article IX, and/or Article
X. It is also agreed that each of the Company’s affiliates will have the right to enforce all
of Employee’s obligations to that affiliate under this Article VII, Article IX,
and/or Article X. The provisions of Article VII, Article IX, and/or
Article X shall survive the termination, for any reason, of this Agreement or Employee’s
employment, unless the Change in Control Agreement governs as provided in Section 4.3.

Article IX. Confidential Information; Return of Company Documents and Property

     9.1. Employee acknowledges that Employee’s employment hereunder will necessarily involve
Employee’s understanding of and access to certain trade secrets and confidential information
pertaining to the businesses and activities of the Company and its Subsidiaries. Employee shall
hold in a fiduciary capacity for the benefit of the Company all secret or

5

 

confidential information, knowledge or data relating to the Company or any of its affiliated
companies, and their respective businesses, which shall have been obtained by Employee during
Employee’s employment by the Company or any of its affiliated companies and which shall not be or
become public knowledge (other than by acts by Employee or representatives of Employee in violation
of this Agreement) (collectively “Confidential Information”). After termination of
Employee’s employment with the Company, Employee shall not, without the prior written consent of
the Company or as may otherwise be required by law or legal process, communicate or divulge any
Confidential Information to anyone other than the Company and those designated by it. In the event
that Employee is at any time required to disclose any Confidential Information to comply with legal
process, Employee shall provide reasonable advance notice of such legal process to the General
Counsel of the Company prior to disclosure of any Confidential Information and Employee agrees not
to challenge the Company’s standing or ability to seek an order of protection or otherwise seek to
prevent or limit disclosure pursuant to such legal process consistent with applicable law;

     9.2. Upon termination of Employee’s employment with the Company whether by reason of the
termination or expiration of this Agreement, Employee shall return to the Company (i) all documents
within Employee’s possession, custody, or control relating to the business and affairs of the
Company, or its products or customers; and (ii) all other Company property within Employee’s
possession, custody, or control including, but not limited to, credit cards issued to Employee by
the Company, office keys or card keys, office passes or badges, office equipment, supplies,
facsimile machines, copiers, computers and peripheral equipment, answering machines, or any other
property or equipment furnished to Employee or paid for by the Company. Employee hereby authorizes
the Company to withhold payment to the fullest extent permitted by law of any amount payable by the
Company to Employee unless Employee shall have returned all documents and property in accordance
with this Section within 45 days of Employee’s termination of employment.

Article X. Trade Secrets and Intellectual Property

     10.1. Employee hereby agrees that all inventions (whether or not patentable or reduced to
practice), patents, innovations, improvements, developments, works of authorship, copyrights,
materials, documents and all other intellectual property and work product (including, without
limitation, software, code, databases, systems, applications, methods, designs, analyses, drawings,
reports, presentations, research, textual works, content, artwork, graphics or audiovisual
materials) that relate to the Company or any of its Subsidiaries’ actual or anticipated business,
research and development or existing or future products or services and that are authored,
conceived, invented, designed, developed, made, or otherwise created, or contributed to, by
Employee while employed by the Company or its Subsidiary (as applicable) (whether before or after
the date hereof) (collectively, “Work Product”) belong to and are the property of the
Company and its Subsidiaries, and hereby irrevocably assigns, transfers and conveys, to the extent
permitted by applicable law, all right, title and interest in and to all Work Product (including,
without limitation, all intellectual property rights therein and thereto on a worldwide basis)
(including, without limitation, rights under patent, copyright, trademark, trade secret, unfair
competition and related laws) to the Company (to the extent all right, title and interest does not
automatically under applicable law vest originally in the Company or one of its Subsidiaries, as
applicable), and waives any moral rights therein to the fullest extent permitted

6

 

under applicable law. Employee will promptly disclose such Work Product to the Company and
execute such documents and perform all other actions as may be reasonably requested by the Company
(whether during or after Employee’s employment with the Company or its Subsidiary (as applicable))
to establish and confirm the Company or its Subsidiary’s ownership of such Work Product (including,
without limitation, assignments, consents, powers of attorney and other instruments) and to assist
the Company and its Subsidiaries in validating, effectuating, maintaining, protecting, enforcing,
perfecting, recording, patenting or registering any of its rights hereunder.

     10.2. If required by any applicable law in the United States, the requirements set forth in
Article 10.1 of this Agreement shall not apply to an invention that Employee develops
entirely on Executive’s own time without using the Company’s equipment, supplies, facilities, or
trade secret information except for those inventions that either: (i) relate at the time of
conception or reduction to practice of the invention to the Company’s or any of its Subsidiaries’
business, or actual or demonstrably anticipated research or development of the Company or any of
its Subsidiaries; or (ii) result from any work performed by Employee for the Company or any of its
Subsidiaries.

Article XI. Death; Permanent Incapacity

     11.1. The death of Employee shall result in the immediate termination of this Agreement.

     11.2. In the event Employee suffers a physical or mental illness or disability which prevents
Employee from performing Employee’s services hereunder, and in the event such illness or disability
continues for longer than 90 consecutive days or 120 days in any 12-month period, Employee shall be
deemed to have suffered a “Disability”, in which event the Company shall have the right to
terminate this Agreement upon not less than fifteen (15) days’ notice to Employee, and this
Agreement shall terminate on the date set forth therefor in said notice. Any dispute as to
Employee’s Disability shall be resolved by an independent physician selected by the Company and
reasonably acceptable to Employee, whose determination shall be final and binding upon both
Employee and the Company.

     11.3. Notwithstanding anything to the contrary expressed or implied in this Agreement, except
as required by applicable law, the Company (and its affiliates and Subsidiaries) shall not be
obligated to make any payments to Employee or on Employee’s behalf of whatever kind or nature by
reason of Employee’s cessation of employment as described in Sections 11.1 and 11.2 above other
than (i) such amounts, if any, of Employee’s Base Salary as shall have accrued and remained unpaid
as of the date of said cessation and (ii) a pro rata portion of any incentive target bonus payable
with respect to the fiscal year during which such cessation of employment occurred if Employee’s
relevant performance targets for such fiscal year are achieved (such pro rata bonus to be payable
within sixty (60) days after the end of such fiscal year) and (iii) such other amounts, if any,
which may be then otherwise payable to Employee pursuant to the terms of the Company’s benefits
plans or pursuant to Section 6.1 above.

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Article XII. Termination

     12.1. Termination for Cause. In addition to termination pursuant to Article XI,
Employee’s employment hereunder may be terminated by the Company with or without “Cause.”
“Cause” for purposes of this Agreement shall mean the following:

          (a) The repeated or illegal use of alcohol or drugs materially affecting Employee’s
performance,

          (b) conviction of, or plea of nolo contendere to, a felony or crime involving moral turpitude,

          (c) failure to comply within a period of ten (10) business days with a reasonable directive of
the Employee’s direct supervisor and/or the Chief Executive Officer [Board of Directors] of the
Company, relating to Employee’s duties or Employee’s performance and consistent with Employee’s
position, after written notice that such failure will be deemed to be “cause,” to the extent such
failure can be cured within ten (10) business days and if not so curable, fails to commence curing
during said ten-day period and diligently pursue the curing of same until cured,

          (d) gross neglect or gross misconduct of Employee in carrying out Employee’s duties under this
Agreement, resulting, in either case, in material economic harm to the Company, unless Employee
believed in good faith that such act or non-act was in the best interests of the Company,

          (e) theft, embezzlement, fraudulent conduct or misappropriation of corporate assets or
corporate opportunity,

          (f) acts of dishonesty or breach of fiduciary obligation to the Company or material violation
of any Company rule, regulation, procedure or policy

          (g) a failure by Employee to cooperate in any investigation or audit regarding the accounting
practices, financial statements, or business practices of the Company or any of its affiliates, and

          (h) a material breach of any of the restrictive covenants provided in Article VII,
Article IX, and/or Article X.

     12.2. Termination for Good Reason. Employee may terminate Employee’s employment for “Good
Reason.” “Good Reason” for termination by Employee of Employee’s employment shall mean
the occurrence (without Employee’s express written consent which specifically references this
Agreement), of any one of the following acts by the Company, or failures by the Company to act,
unless, in the case of any act or failure to act described in paragraph (a) or (d) below, such act
or failure to act is corrected within the 20-day cure period referred to below:

8

 

          (a) the assignment to Employee of any duties significantly inconsistent with Employee’s status
as a senior officer of the Company;

          (b) a reduction by the Company in Employee’s annual base salary as in effect on the date
hereof or as the same may be increased from time to time; [or (a) the Company shall have materially
diminished the Employee’s duties, responsibility or authority without his consent; (b) the
Employee’s title shall have been changed without his consent;]

          (c) the relocation of Employee’s principal place of employment to a location more than 25
miles from Employee’s principal place of employment as of the date hereof or the Company’s
requiring Employee to be based anywhere other than such principal place of employment (or permitted
relocation thereof);

          (d) the failure by the Company to pay to Employee any portion of Employee’s current
compensation within seven (7) days of the date such compensation is due;

To terminate for Good Reason, Employee must give written notice within 60 days of the occurrence of
the event purportedly constituting Good Reason and, to the extent applicable, the Company shall
have 20 days to cure such event. In any event, Employee must terminate employment within the later
of 90 days of the occurrence of the event constituting Good Reason or 30 days after the expiration
of any applicable cure period.

     12.3. In the event that (i) the Company provides a Notice of Non-Renewal; (ii) the Company
terminates Employee’s employment other than for (A) “Cause,” (B) Employee’s death; or (C)
Employee’s Disability, or (iii) Employee terminates Employee’s employment for “Good Reason,” the
Company shall pay or provide Employee the following benefits, provided that, within 60 days of
Employee’s termination, Employee executes and delivers, and any applicable revocation period
expires with respect to, a general release of claims in favor of the Company and its employees and
affiliates, in the form attached hereto as Annex A:

          (a) continue to pay Employee’s annual Base Salary for twelve months; provided that the
first payment shall be made during the 60 day period following Employee’s termination and shall
include payment of any amounts that would otherwise be due prior thereto; provided further
that if a new calendar commences during this period, the first payment shall be made no earlier
than January 2 of such new calendar year;

          (b) pay to Employee an amount equal to the product of (1) Employee’s bonus that would have
been earned for the current bonus period that includes Employee’s termination if Employee had not
terminated employment, based on the degree to which any applicable performance targets are
achieved, and (2) a fraction, the numerator of which is the number of days in the current bonus
period during which Employee was employed by the Company and the denominator of which is the total
number of days in such current bonus period, such pro rata bonus to be paid at the time bonuses are
paid to employees of the Company generally, but in any event within sixty (60) days after the end
of the applicable fiscal year;

          (c) continue to provide Employee with medical and health insurance coverage at levels and
costs comparable to those in effect prior to such termination for a period from the date of such
termination to the earlier to occur of (x) the date which is twelve months after such

9

 

termination and (y) the date upon which Employee is actually receiving similar benefits
through Employee’s employment with another employer.

     12.4. Section 409A. Notwithstanding the timing of the payments pursuant to this
Article XII, to the extent required to avoid application of any penalty tax imposed under
Section 409A of the Code with respect to any payment required to be made hereunder during the six
months period following Employee’s “separation of service,” as such term is defined for purposes of
Code Section 409A, (i) the payment will not be made to Employee and (ii) the payment will be paid
to Employee on the earlier of the six-month anniversary of Date of Termination or Employee’s death
or disability (within the meaning of Section 409A of the Code). Similarly, to the extent Employee
would otherwise be entitled to any benefit (other than a cash payment) during the six months
beginning on the Date of Termination that would be subject to the additional tax under Section 409A
of the Code, the benefit will be delayed and will begin being provided on the earlier of the
six-month anniversary of the Date of Termination or Employee’s death or disability (within the
meaning of Section 409A of the Code).

Article XIII. Vacation

     13.1. Employee shall be entitled to a vacation of 4 weeks duration in the aggregate during
each year of the Term at times reasonably agreeable to both Employee and the Company, it being
understood that any portion of such vacation not taken in such year shall not be available to be
taken during any other year.

Article XIV. Insurance

     14.1. In addition to insurance referenced in Section 6.2, Employee agrees that the
Company or any Subsidiary may apply for and secure and/or own and/or be the beneficiary of
insurance on Employee’s life or disability insurance (in each instance in amounts determined by the
Company), and Employee agrees to cooperate fully in the applying and securing of same, including
the submission to various physical and other examinations and the answering of questions and
furnishing of information as may be required by various insurance carriers. However, nothing
contained herein shall require the Company to obtain any such life or disability insurance.

Article XV. Miscellaneous

     15.1. The Company shall have the right to assign this Agreement and to delegate all duties and
obligations hereunder to any successor, affiliated or parent company or to any person, firm or
corporation which acquires the Company or substantially all of its assets, or with or into which
the Company may consolidate or merge. This Agreement shall be binding upon and inure to the
benefit of the permitted successors and assigns of the Company. Employee agrees that this
Agreement is personal to Employee and may not be assigned by Employee. Upon any termination or
cessation of Employee’s employment with the Company, for any reason, Employee agrees immediately to
resign, and any notice of termination or actual termination or cessation of employment shall act
automatically to effect such resignation, from any position on the Board of Directors of the
Company and on any board of directors or plan or administrative committee of the Company or any
subsidiary or affiliate of the Company. All payments to be

10

 

made to and on behalf of Employee under this Agreement will be subject to required withholding
of federal, state and local income, employment and excise taxes, and to related reporting
requirements.

     15.2. This Agreement shall be governed by and construed in accordance with the laws of the
State of Delaware without reference to principles of conflict of laws. The captions of this
Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement
may not be amended or modified otherwise than by a written agreement executed by the parties hereto
or their respective successors and legal representatives.

     15.3. Except as may herein otherwise be provided, all notices, requests, demands and other
communications hereunder shall be in writing and shall be deemed to have been duly given if
delivered personally or if mailed, first class postage prepaid, registered or certified mail,
return receipt requested, of if sent by telecopier or overnight express delivery service, (a) to
Employee at Employee’s address set forth on the facing page hereof or at such other address as
Employee may have notified the Company sent by registered or certified mail, return receipt
requested, or by telecopier or overnight express delivery service, or (b) if to the Company, at its
address set forth on the facing page hereof, Attention: Chief Executive Officer, or at such other
address as the Company may have notified Employee in writing sent by registered or certified mail,
return receipt requested, or by telecopier or overnight express delivery service. Notice shall be
deemed given (i) upon personal delivery, or (ii) on the second business day immediately succeeding
the posting of same, prepaid, in the U.S. mail, (iii) on the date sent by telecopy if the addressee
has compatible receiving equipment and provided the transmittal is made on a business day during
the hours of 9:00 A.M. to 6:00 P.M. of the receiving party and if sent on other times, on the
immediately succeeding business day, or (iv) on the first business day immediately succeeding
delivery to the express overnight carrier for the next business day delivery.

     15.4. This Agreement may be executed simultaneously in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same
instrument. Each party shall deliver such further instruments and take such further action as may
be reasonably requested by the other in order to carry out the provisions and purposes of this
Agreement. This Agreement together with the Change in Control Agreement represents the entire
understanding of the parties with reference to the transaction set forth herein, supercedes any
prior agreement or understanding between the parties with respect to the employment of Employee by
the Company and the rights and obligations of Employee and the Company relating thereto, and
neither this Agreement nor any provision thereof may be modified, discharged or terminated except
by an agreement in writing signed by the party against whom the enforcement of any waiver, change,
discharge or termination is sought. Any waiver by either party of a breach of any provision of
this Agreement must be in writing and no waiver of a particular breach shall operate as or be
construed as a waiver of any subsequent breach thereof. If any covenant in this Agreement should be
deemed to be invalid, illegal or unenforceable because its scope is considered excessive or for any
similar reason, such covenant shall be modified so that the scope of the covenant is reduced only
to the minimum extent necessary to render the modified covenant valid, legal or enforceable.

     15.5. “Subsidiaries” or “Subsidiary” shall include and mean any corporation,
partnership or other entity 50% or more of the then issued and outstanding voting stock is owned

11

 

directly or indirectly by the Company in the instance of a corporation, and 50% or more of the
interest in capital or in profits is owned directly or indirectly by the Company in the instance of
a partnership and/or other entity, or any corporation, partnership, venture or other entity, the
business of which is managed by the Company or any of its Subsidiaries.

     15.6. Subject to Section 8.1, Employee and the Company agree that any claim or dispute that
may arise between them relating to this Agreement or the termination of Employee’s employment with
the Company (including any claim of constructive termination) shall be determined exclusively by
final and binding arbitration. The arbitration proceeding will be conducted at a place selected by
the Company and before a single arbitrator under the National Rules for the Resolution of
Employment Disputes of the American Arbitration Association. The demand for arbitration must be
submitted within one year of the date that Employee is advised of Employee’s termination or the
date that Employee advises Company of Employee’s decision to resign from employment; provided,
however, that no demand for arbitration may be made until thirty (30) days after a written notice,
stating with particularity the nature of the claim or dispute, has first been forwarded by
certified mail to the opposing party. The arbitration proceeding shall be private and all
information disclosed in the course of the arbitration, as well as the arbitration award, shall be
treated as confidential by the parties. The award of the arbitrator shall be final and binding
upon Employee and the Company and judgment upon the award rendered may be entered in any court
having jurisdiction. Each of the parties hereto expressly waives any right to trial by jury. The
costs of the arbitrator will be borne equally by the parties, except that each party will pay its
own attorney’s fees and costs.

     The claims or disputes that are subject to this arbitration provision include, but are not
limited to, any claim of discriminatory discharge, retaliatory discharge or wrongful discharge
under any state, federal or foreign statute, breach of contract, lost wages, emotional distress,
claims under Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age
Discrimination in Employment Act, as amended, the Americans with Disabilities Act, the Employee
Retirement Income Security of 1974, as amended, the Family and Medical Leave Act, the Equal Pay Act
of 1963, claims of unjustified dismissal (Law 80 of May 30, 1976), discrimination on account of
sex, religion, race, age, political ideas, social condition or origin, national origin, disability
or any other reason, any common law claims, including, but not limited to, claims for wrongful
discharge, public policy claims, claims for breach of an express or implied contract, claims for
breach of an implied covenant of good faith and fair dealing, intentional and/or negligent
infliction of emotional distress, defamation or damage to name or reputation, invasion of privacy,
and tortious interference with contract or prospective economic advantage. By agreeing to submit
these claims to arbitration, Employee is giving up any right to a jury trial or court trial with
regard to these claims or disputes.

     Nothing in this section concerning arbitration shall prevent the Company from seeking
equitable remedies in court for purposes of enforcing the performance of, or enjoining the breach
of, any provisions of Article VII, Article IX, or Article X. For this
limited purpose, Employee hereby agrees to submit to personal jurisdiction in any court in the
state in which Employee was last employed by Company.

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     IN WITNESS WHEREOF, the parties hereto have executed and have caused this Agreement to be
executed as of the day and year first above written.

	 	 	 	 	 
	 

	 	 	 	 
	CENTENNIAL COMMUNICATIONS CORP.	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	Name:
	 	 	 	 
	Title:
	 	 	 	 
	 
	 	 	 	 
	[EMPLOYEE]	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	Name:
	 	 	 	 
	Title:
	 	 	 	 
	Address:
	 	 	 	 

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