Amended and Restated Separation and Release Agreement Addendum between NII Holdings, Inc. and Shana (July 25, 2017)
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Summary
This letter agreement between NII Holdings, Inc. and Shana amends the existing Separation and Release Agreement. In exchange for Shana agreeing to remain with the company through April 1, 2018, NII will pay her an additional severance equal to six months of her annual base salary on August 15, 2017. This payment is in addition to other severance benefits, but if Shana later qualifies for benefits under NII’s Change of Control Severance Plan, the additional severance will be deducted from those benefits.
EX-10.4 5 a104.htm EXHIBIT 10.4 Exhibit
Exhibit 10.4
July 25, 2017
Re: Amended and Restated Separation and Release Agreement
Dear Shana:
In consideration of your agreement to remain with NII Holdings, Inc. (“NII”) through April 1, 2018, in addition to the benefits set forth in the Amended and Restated Separation and Release Agreement between you and NII (the “Separation and Release Agreement”) provided to you on July 25, 2017, NII agrees to provide you with a payment equal to six months of your annual base salary on August 15, 2017 (the “Additional Severance”). The Additional Severance is in addition to any amounts due to you under the Separation and Release Agreement.
In the event that you are eligible for benefits pursuant to NII’s Change of Control Severance Plan, as amended and restated effective November 2, 2015, on your termination date, the Additional Severance will be deducted from the total amount due to you pursuant to the Change of Control Severance Plan.
Sincerely,
/s/ STEVEN SHINDLER
Steven Shindler
Chief Executive Officer