Increase in Global Wireless Subscribers and Minutes of Use. The number of global wireless subscribers and minutes of use per subscriber are expected to continue to increase. The primary drivers include increased subscription, increased voice minutes of use per subscriber and the growing use by subscribers of data applications. Third generation data applications have been introduced in the developed countries and this has fueled an increase in minutes of data use. We believe that this growth, due to new data services, will continue for the next two to three years
EX-10.20 5 f21228exv10w20.htm EXHIBIT 10.20 exv10w20
Exhibit 10.20
AMENDMENT TO EMPLOYMENT AGREEMENT
Amendment (A)
John Brandt (Executive) and Stratex Networks, Inc., formerly DMC Stratex Networks, Inc. (the Company), are parties to an Employment Agreement of April 1, 2006 (the Agreement). Executive and the Company now wish to amend the Agreement, and thus they agree as set forth below.
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 employers 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 Associations (AAA) National Rules for the Resolution of Employment Disputes, a copy of which can be found on the AAAs website at www.adr.org.
Except as modified by this Amendment, the Agreement will remain in full force and effect.
Dated: April 19, 2006 | /s/ John Brandt | |||
John Brandt | ||||
Dated: April 19,2006 | Stratex Networks, Inc. | |||
By: | /s/ Charles D. Kissner | |||
Its: Chairman and Chief Executive Officer | ||||