AMENDMENT TO EMPLOYMENT AGREEMENT Amendment (A)
Exhibit 10.5
AMENDMENT TO EMPLOYMENT AGREEMENT
Amendment (A)
Amendment (A)
Xxxxx Xxxxxxxx (“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 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
xxx.xxx.xxx.”
Except as modified by this Amendment, the Agreement will remain in full force and effect.
Dated: April 14, 2006 | /S/ Xxxxx Xxxxxxxx | |||
Xxxxx Xxxxxxxx | ||||
Dated: Xxxxx 00, 0000 | Xxxxxxx Networks, Inc. | |||
By: | /S/ Xxxxxxx X. Xxxxxxx | |||
Its: Chairman and Chief Executive Officer |