First Amendment to July 1, 2011 Employment Agreement between FairPoint Communications, Inc. and Kenneth W. Amburn
This amendment updates the employment agreement between FairPoint Communications, Inc. and Kenneth W. Amburn. The main change is to extend Mr. Amburn's employment term through December 31, 2015, unless the agreement is ended earlier or renewed. All other terms of the original agreement remain unchanged. The amendment is effective as of July 1, 2014.
Exhibit 10.1
FIRST AMENDMENT TO JULY 1, 2011 EMPLOYMENT AGREEMENT
FAIRPOINT COMMUNICATIONS, INC.
WHEREAS, FairPoint Communications, Inc. (the “Company”) has heretofore entered into an Employment Agreement dated July 1, 2011 (the “Agreement”) by and between Kenneth W. Amburn (the “Executive”) and the Company and the parties thereto desire to amend the Agreement in the manner set forth below.
NOW, THEREFORE, the undersigned parties to the Agreement agree that the Agreement shall be amended as follows, and that there is mutual, adequate and lawful consideration the receipt of which each acknowledges through execution of this First Amendment.
| 1. | The Term of Employment as defined in Section 2 of the Agreement shall continue through December 31, 2015, unless terminated sooner or renewed as provided in the Agreement. |
| 2. | Except as specifically provided above, all terms and conditions of the Agreement shall remain in full force and effect. |
Wherefore, the parties hereto agree to this First Amendment, with the foregoing changes being effective as of July 1, 2014.
| FAIRPOINT COMMUNICATIONS, INC. | ||
| /s/ Paul H. Sunu | ||
| By: | Paul H. Sunu | |
| Title: | Chief Executive Officer | |
| EXECUTIVE | ||
| /s/ Kenneth W. Amburn | ||
| Kenneth W. Amburn | ||
