Amendment to Employment Agreement between Paul Kennard and Stratex Networks, Inc.

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between Paul Kennard and Stratex Networks, Inc., effective April 1, 2006. It provides that if Mr. Kennard is terminated without cause at age 60 or older and has at least three years of service, the company will pay his group health insurance premiums until he turns 65 or obtains other coverage. It also clarifies the duration of certain benefits and updates the arbitration process to follow the American Arbitration Association's employment dispute rules. All other terms of the original agreement remain unchanged.

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EX-10.2 3 f22840exv10w2.htm EXHIBIT 10.2 exv10w2  

Exhibit 10.2
AMENDMENT TO EMPLOYMENT AGREEMENT
Amendment (A)
     Paul Kennard (“Executive”) and Stratex Networks, Inc., (the “Company”), are parties to an Employment Agreement of May 14, 2002 (the “Agreement”). Executive and the Company now wish to amend the Agreement, and thus they agree as set forth below. This Amendment shall also be deemed effective as of April 1, 2006.
     1. The following is added to Paragraph 5(c)(ii) of the Agreement: “provided, however, that if you are 60 years of age or older on the date of your termination without cause, and if you have been employed by the Company for not less than three years as of the date of your termination without cause, the Company will pay the premiums necessary to continue your Company group health insurance coverage under COBRA (or to provide you with comparable health insurance coverage) until you reach the age of 65 or until you are eligible to participate in another employer’s group health insurance plan, whichever comes first;”.
     2. In Paragraph 5(e) of the Agreement, the phase “(ii to a maximum of 18 months, unless you are 60 years of age or older on the date of your termination/resignation and you have been employed by the Company for not less than three years as of the date of your termination/resignation, in which case the last clause of subparagraph 5(c)(ii) shall apply)” shall be inserted following the phrase “subparagraph 5(c)(i),”.
     3. In Paragraph 11 of the Agreement, the last sentence (“Provided, however . . .”) is hereby deleted and replaced with the following sentence: “Any arbitration conducted under this Paragraph will be pursuant to the American Arbitration Association’s (“AAA”) National Rules for the Resolution of Employment Disputes, a copy of which can be found on the AAA’s website at www.adr.org.”
     Except as modified by this or other Amendment, the Agreement will remain in full force and effect.
         
Dated: 4/26/06                                  /S/ Paul Kennard
     
               Paul Kennard
 
        
Dated: 4/14/06                       Stratex Networks, Inc.
 
        
                        
 
        
 
  By:   /S/ Chuck Kissner
 
       
    Its: Chairman and Chief Executive Officer