SEC Contract Filing

Filing Date: 2016-02-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.20
<SEQUENCE>2
<FILENAME>atni-20151231ex10202d757.htm
<DESCRIPTION>EX-10.20
<TEXT>
<!--HTML document created with Merrill Bridge 6.1.177.0-->
<!--Created on: 2/29/2016 2:46:12 PM-->
<html>
	<head>
 <title>
 atni_EX_10-20
 </title>
	</head>
	<body><div style="margin-left:5.88235294117647%;margin-right:5.88235294117647%;"></div><div style="margin-left:5.88235294117647%;margin-right:5.88235294117647%;">
 <p style="margin:0pt;text-align:right;font-family:Cambria;font-size: 12pt;">
 <a name="_GoBack"></a><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Exhibit 10.</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">20</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Cambria;font-size: 10pt;">
 <font style="display:inline;font-size:10pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Cambria;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">EXECUTIVE SEVERANCE AGREEMENT</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Cambria;font-size: 10pt;">
 <font style="display:inline;font-size:10pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Cambria;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;">THIS SEVERANCE AGREEMENT (this &#x201C;Agreement&#x201D;), dated as of </font><font style="display:inline;font-family:Times New Roman,Times,serif;">February 26, 2016</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> (the &#x201C;Effective Date&#x201D;), is made and entered by and between Atlantic Tele-Network, Inc., a Delaware corporation (the &#x201C;Company&#x201D;), and [&#x25CF;] (the &#x201C;Executive&#x201D;). </font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Cambria;font-size: 10pt;">
 <font style="display:inline;font-size:10pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Cambria;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">WITNESSETH:</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Cambria;font-size: 10pt;">
 <font style="display:inline;font-size:10pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Cambria;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;">WHEREAS, the Executive serves as the [&#x25CF;] of the Company and is expected to continue to contribute to the short- and long-term profitability, growth, and financial strength of the Company; </font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Cambria;font-size: 10pt;">
 <font style="display:inline;font-size:10pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Cambria;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;">WHEREAS, the Board (as defined below) has determined that appropriate steps should be taken to encourage and reinforce the continued attention and dedication of members of the Company&#x2019;s management, including the Executive, to their assigned duties without distraction; and</font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Cambria;font-size: 10pt;">
 <font style="display:inline;font-size:10pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Cambria;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;">WHEREAS, in consideration of the Executive&#x2019;s employment with the Company, the Company desires to provide the Executive with certain compensation and benefits set forth in this Agreement in the event the Executive&#x2019;s employment with the Company is terminated by the Company for a reason related to, or unrelated to, a Change in Control (as defined below) of the Company. </font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Cambria;font-size: 10pt;">
 <font style="display:inline;font-size:10pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Cambria;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;">NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter set forth and intending to be legally bound hereby, the Company and the Executive agree as follows: </font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Cambria;font-size: 10pt;">
 <font style="display:inline;font-size:10pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt 0pt 0pt 18pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;">1.</font><font style="display:inline;;font-size: 12pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 10.8pt 0pt 0pt;"></font><font style="display:inline;"></font><font style="display:inline;text-decoration:underline;">Certain Defined Terms</font><font style="display:inline;">. In addition to terms defined elsewhere herein, the following terms have the following meanings when used in this Agreement: </font>
 </p>
 <p style="margin:0pt 0pt 0pt 18pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
 <font s