SEC Contract Filing

Filing Date: 2019-05-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.35
<SEQUENCE>6
<FILENAME>pdvw-20190331xex10_35.htm
<DESCRIPTION>EX-10.35
<TEXT>
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 Exhibit 1035 - 2019 Fiscal Year
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 <a name="_GoBack"></a><font style="display: inline;font-weight:bold;text-decoration:underline;">Exhibit </font><font style="display: inline;font-weight:bold;text-decoration:underline;">10.35</font><font style="display: inline;text-decoration:underline;">&nbsp;</font>
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 <font style="display: inline;text-transform:uppercase;"></font><font style="display: inline;text-transform:uppercase;"></font><font style="display: inline;text-transform:uppercase;"></font><font style="display: inline;text-transform:uppercase;"></font><font style="display: inline;">PDVWIRELESS, INC</font><font style="display: inline;">.</font><font style="display: inline;text-transform:uppercase;"></font><font style="display: inline;text-transform:uppercase;">&nbsp;</font><br /><font style="display: inline;text-transform:uppercase;">executive severance plan</font><br /><font style="display: inline;text-transform:uppercase;"></font><font style="display: inline;">(</font><font style="display: inline;">As Amended on February 12, 2019</font><font style="display: inline;">)</font>
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 <font style="display: inline;">Purpose of the Plan</font>
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 <font style="display: inline;color:#000000;">The Board believes that it is in the best interests of </font><font style="display: inline;color:#000000;">the Company</font><font style="display: inline;color:#000000;"> to encourage the continued employment and dedication of certain </font><font style="display: inline;color:#000000;">executives and key employees </font><font style="display: inline;color:#000000;">by providing economic security to such individuals in the event of certain terminations of employment</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> and the Plan</font><font style="display: inline;color:#000000;"> has been established</font><font style="display: inline;color:#000000;"> for this purpose.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">The Plan is intended to be a &#x201C;</font><font style="display: inline;color:#000000;">welfare</font><font style="display: inline;color:#000000;"> plan</font><font style="display: inline;color:#000000;">&#x201D; &nbsp;</font><font style="display: inline;color:#000000;">under </font><font style="display: inline;color:#000000;">ERISA </font><font style="display: inline;color:#000000;">providing benefits to a select group of management or highly compensated employees</font><font style="display: inline;color:#000000;"> as described in DOL Regulation section </font><font style="display: inline;color:#000000;">2520.104-24</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Capitalized terms used in the Plan are defined in Section&nbsp;</font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">10</font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">, except as otherwise specified.</font>
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 <a name="_Ref278181741"></a><font style="display: inline;color:#000000;">Effective Date</font>
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 <font style="display: inline;color:#000000;">The Plan</font><font style="display: inline;color:#000000;"> shall be effective </font><font style="display: inline;color:#000000;">only with respect to a termination of employment covered by the Plan that occurs </font><font style="display: inline;color:#000000;">on </font><font style="display: inline;color:#000000;">or after </font><font style="display: inline;color:#000000;">February 18, 2015</font><font style="display: inline;color:#000000;"> (the &#x201C;</font><font style="display: inline;text-decoration:underline;color:#000000;">Effective Date</font><font style="display: inline;color:#000000;">&#x201D;)</font><font style="display: inline;color:#000000;">.</font>
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 <font style="display: inline;color:#000000;">The Committee shall act as the plan administrator and the &#x201C;named fiduciary&#x201D; of the Plan for purposes of ERISA. Before a Change in Control, the Committee has sole and absolute discretion and authority to administer the Plan, including the sole and absolute discretion and authority to:</font>
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