Amendment to Employment Agreement between NuVox, Inc. and Charles S. Houser
This amendment updates the employment agreement between NuVox, Inc. and Charles S. Houser. It extends the agreement's term by one year, changing the end date to October 31, 2003. It also clarifies that Mr. Houser's benefits include participation in the 2001 Performance Plan with a 2% grant and the right to purchase 400,000 shares under the 2001 Stock Incentive Plan at $0.59 per share. All other terms of the original agreement remain unchanged.
Exhibit 10.13
Mr. Charles S. Houser
101 River Route
11866 Magnolia Street
Magnolia Springs, AL 36555
Dear Charlie:
Reference is made to the Employment Agreement between us dated as of October 31, 2000, which is hereby amended as follows:
1. | The date October 31, 2002 in Section 3 is amended to read October 31, 2003. | |
2. | The following sentence is added at the end of Section 4 (c): Employees benefits shall include the following which have been awarded as of October 16, 2001: 2001 Performance Plan: Participation Grant - 2.00% 2001 Stock Incentive Plan: Series F-1 Options - 400,000 shares @ $0.59 per share. |
16090 Swingley Ridge Road, Suite 500
Chesterfield, MO 63017
Mr. Charles S. Houser
January 7, 2002
Page 2
As amended by this letter, your Employment Agreement shall continue in effect in accordance with its terms.
If the foregoing confirms your understanding of our agreements regarding the matters set forth herein, please confirm your agreement by signing in the space provided below.
Very truly yours, NUVOX, INC. | ||
By: | | |
Name: | David L. Solomon | |
Title: | Chairman and Chief Executive Officer | |
ACCEPTED AND AGREED as of January ___, 2002 | ||
| ||
Charles S. Houser |
16090 Swingley Ridge Road, Suite 500
Chesterfield, MO 63017