Employment Letter Agreement between IDT Spectrum, Inc. and Chris O'Loughlin dated June 20, 2005
This letter confirms the employment of Chris O'Loughlin as Vice President, Sales and Marketing for IDT Spectrum, Inc., effective June 20, 2005. He will receive an annual salary of $165,000 and will participate in an equity program to be determined later. The letter is signed by John Petrillo, CEO and Chairman of the Board of IDT Spectrum, Inc.
Exhibit 10.11
 | IDT Corporation 520 Broad Street Newark, NJ 07102 |
June 20, 2005
Mr. Christopher O’Loughlin
149 West 80th Street #2A
New York, NY 10024
Dear Chris:
I am pleased to confirm your salary and position as Vice President, Sales and Marketing for IDT Spectrum reporting to me. Effective June 20, 2005 your salary will be at the rate of $165,000 per year. In addition, you will participate in an equity program to be determined at a later date.
Sincerely,
| /s/ John Petrillo |
| John Petrillo CEO and Chairman of the Board IDT Spectrum, Inc. |
