Amendment to Employment Agreement between Tollgrade Communications, Inc. and Christian L. Allison

Summary

Tollgrade Communications, Inc. and Christian L. Allison have agreed to amend their existing employment agreement. This amendment, effective December 13, 2001, extends the current salary terms for Mr. Allison until December 13, 2002. All other terms of the original agreement remain unchanged. The amendment is signed by both parties to confirm their agreement to these changes.

EX-10.27 4 j9338001ex10-27.txt ASSET PURCHASE AGREEMENT EXHIBIT 10.27 AMENDMENT THIS AMENDMENT, dated as of January 10, 2002 and effective as of December 13, 2001 (the "Amendment") is entered into between TOLLGRADE COMMUNICATIONS, INC. ("Tollgrade") and CHRISTIAN L. ALLISON (the "Executive"). AMENDMENT TO AGREEMENT WHEREAS, Tollgrade and the Executive entered into an Agreement dated as of the 13th day of December, 1995, as amended, governing the employment of Executive and certain benefits to be received by Executive in the event his employment is terminated (collectively, the "Agreement"); and WHEREAS, Tollgrade and the Executive desire to amend the Agreement upon the terms and conditions stated in this Amendment. NOW, THEREFORE, in consideration of the promises and the faithful performance of the mutual covenants herein contained, and intending to be legally bound hereby, Tollgrade and the Executive agree as follows: 1. Capitalized terms used herein and not otherwise defined shall have the meaning assigned to them in the Agreement. 2. The Agreement shall be amended to extend the salary terms as currently in effect until December 13, 2002. 3. Except as modified by this Amendment, the provisions of the Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above. TOLLGRADE COMMUNICATIONS, INC. By: ------------------------ ------------------------------------ Title: Christian L. Allison --------------------- 34