Revision to Employment Agreement between Warwick Valley Telephone Company and David Cuthbert

Contract Categories: Human Resources › Employment Agreements
Summary

This document is a revision to the employment agreement between Warwick Valley Telephone Company and David Cuthbert, effective December 15, 2011. It sets David Cuthbert's annual base salary at $285,000, with the possibility of increases as determined by the company. The salary will be paid according to the company's standard payroll practices. Both parties have signed the agreement to confirm these terms.

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EX-10.23 4 v305807_ex10-23.htm EXHIBIT 10.23

exhibit 10.23

 

Revision to David Cuthbert EMPLOYMENT AGREEMENT

 

This Revision to David Cuthbert’s August 5, 2011 Employment Agreement is effective December 15, 2011.

 

1.Compensation and Benefits.

 

(a)    Base Salary. During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $285,000 per year or such higher rate as may be determined annually by the Company (“Base Salary”). Such Base Salary, less applicable withholdings, shall be paid in accordance with the Company’s standard payroll practice for executives.

 

In Witness Whereof, the parties hereto have duly executed this Agreement as of the day and year set forth below.

 

Warwick Valley Telephone Company   Executive
     
By: /s/ Duane W. Albro   By: /s/ David Cuthbert
         
Name: Duane W. Albro   Address:  
         
Title: President and CEO    
         
Date: 12/14/11   Date: 12/14/11