Employment Agreement between Lexent Inc. and Noah Franzblau (General Counsel)
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Summary
Lexent Inc. confirms the employment of Noah Franzblau as General Counsel, effective January 1, 2003, with an annual salary of $190,000 and eligibility for a 30% annual bonus based on performance. He will receive standard senior employee benefits. If terminated by the company without cause, he is entitled to six months' salary and benefits. The agreement outlines key terms of employment, compensation, and severance.
EX-10.13 5 y84717exv10w13.txt EMPLOYMENT AGREEMENT Exhibit 10.13 [LEXENT LETTERHEAD] February 11, 2003 VIA HAND DELIVERY - ----------------- Mr. Noah Franzblau 164 Watchung Avenue Upper Montclair, NJ 07043 Noah: This letter is to confirm that effective January 1, 2003, you will assume the position of General Counsel of Lexent Inc. ("Company"). Your salary will be $190,000 per annum, and you will be eligible for an additional annual bonus of 30% of your salary provided that you and the Company meet certain goals. During your employment, you shall also be eligible to receive the standard benefits provided to other senior employees. In the event of your termination by the Company for any reason other than cause, you will receive six (6) months' salary and benefits. Very truly yours /s/ Kevin O'Kane Kevin O'Kane Chief Executive Officer
