Aquis Communications, Inc. Employment Agreement with Brian Bobeck as Vice President - Engineering

Summary

Aquis Communications, Inc. offers Brian Bobeck the position of Vice President - Engineering, outlining his responsibilities and compensation. The agreement includes a $100,000 annual salary, stock options, an incentive plan of at least $20,000 in the first year, a $750 monthly auto allowance, and eligibility for company benefits. It also specifies severance terms if employment is terminated without cause within the first 36 months. The agreement is confirmed by both parties' signatures.

EX-10.44 10 0010.txt BOBECK AGREEMENT [Letterhead of Aquis Communications, Inc.] November 23, 1998 Mr. Brian Bobeck 100 Ridge Street Shavertown, PA 18708 Dear Brian: I am pleased to offer you the position of Vice President - Engineering for Aquis Communications, Inc. As Vice President - Engineering, your responsibilities will be as follows: A Responsible for the development and execution of the Company's annual engineering business plan. B. Responsible for the development and implementation of all approved Company engineering compensation and network development programs. C. Responsible for the approved hiring and staffing of the Engineering Department. D. Other corporate and departmental duties appropriate for this position. The compensation package for the position of Vice President - Engineering will be the following: A. Base Salary: $100,000 per annum, paid bi-monthly. B. Stock Options: To be determined by the Board of Directors but commensurate with the responsibilities of this position. They would be equivalent to $100,000 with five-year vesting or pro rata. C. Incentive Plan: To be mutually agreed to by both parties, but in no event less than $20,000 in the first year. This incentive compensation will be paid annually in arrears. D. Auto Allowance: $750.00 per month. E. Benefits: Eligible for the Company's full benefit plan. F. Location: While an office will be maintained at the Company's headquarters, it is agreed that you and the Company will mutually agree on an additional office site for you to utilize. G. Severance: If your employment is terminated without cause at any time within the first thirty-six months of employment, you will be entitled to severance of the greater of two months or the balance of thirty-six months from your start date. After the initial thirty-six month period, severance shall be no less than two months. [initials] Please confirm your agreement with this offer by signing this letter below and returning it to me at your earliest convenience. I look forward to working with you. Very truly yours, AQUIS COMMUNICATIONS, INC. /s/ John X. Adiletta ---------------------------------------- John X. Adiletta President I accept the position as well as the terms and the conditions as set forth in this letter. /s/ Brian Bobeck 12-2-78 - -------------------------------- ------------------------------ Brian Bobeck Date