SEC Contract Filing

Filing Date: 2018-03-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ahc-ex101_20171231x10q.htm
<DESCRIPTION>EXHIBIT 10.1
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<div><a name="s00597DDA03530254BDF0FF35088294FF"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exhibit 10.1</font></div></div><div><br></div><div style="line-height:138%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Avaya Inc.</font></div><div style="line-height:138%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:138%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 20, 2017</font><font style="font-family:inherit;font-size:10pt;">&#32;<br> <br></font><font style="font-family:inherit;font-size:12pt;">Kevin J. Kennedy</font></div><div style="line-height:138%;padding-bottom:16px;text-align:left;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Re:&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Transition and Consulting Services Letter Agreement</font></div><div style="line-height:138%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Dear Kevin:</font></div><div style="line-height:138%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This letter agreement (this &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Letter Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) will confirm our understanding regarding your transition services and consulting services arrangements with Avaya Inc. (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:12pt;">&#8221;). </font></div><div style="line-height:138%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">As a condition to the Company&#8217;s entry into this Letter Agreement, you and the Company hereby mutually agree that, effective as of the effective date of the Company&#8217;s Chapter 11 Plan (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Emergence Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;), (i) the Executive Employment Agreement, dated November 26, 2008, by and among you, the Company and Sierra Holdings Corp. (as amended, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Employment Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and the Executive Change in Control Agreement, dated May 13, 2016, by and between you and the Company (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">CIC Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), will each terminate, and (ii) you will cease participation in the Avaya Inc. Involuntary Separation Plan for Senior Officers, as amended, in each case, without payment of any amounts thereunder or any obligations or liability with respect to the Company. </font></div><div style="line-height:138%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:48px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:12pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Transition</font><font style="font-family:inherit;font-size:12pt;">. You acknowledge and agree that your employment as Chief Executive Officer and President of the Company terminated effective October 1, 2017 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Transition Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;). Effective as of the Transition Date, you are deemed to have resigned, automatically and without the need for any further actions, from all of your positions, offices and directorships with the Company and all of its affiliates and subsidiaries, and you will execute any documentation necessary to effectuate such resignation; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that you will continue to provide the Consulting Services (as defined below) as a consultant from and after `the Emergence Date. You acknowledge and agree that your transition as provided for herein on the Transition Date does not constitute (A) &#8220;good reason&#8221; to terminate your employment under any of your arrangements with the Company or any of its affiliates or subsidiaries (including, without limitation, the Employment Agreement and the CIC Agreement) or (B) a termination of your employment requiring repayment under that certain Retention Bonus Agreement, by and between you and the Company, dated as of May 13, 2016. The Company acknowledges and agrees that you as an employee