Exhibit 10.5
AMENDMENT NO. 1 TO JANUARY 1, 2005
EMPLOYMENT AGREEMENT
AMENDMENT (this "Amendment") is by and between Alamosa Holdings, Inc.,
a Delaware corporation ("Alamosa"), and Xxxx Xxxxxxxx (the "Employee"). This
Amendment amends the Employment Agreement by and between Alamosa and the
Employee that was made and entered into as of January 1, 2005 (the "Employment
Agreement") and shall be effective as of January 1, 2006.
1. The Employment Agreement is hereby amended by increasing the Base
Salary as set forth in Section 3 from $250,000 to $275,000.
2. The Employment Agreement is hereby amended by increasing the Annual
Bonus target as set forth in Section 4 from $125,000 to $137,500.
3. The Employment Agreement is hereby amended by deleting the option
grant described in Section 6 (a) for 2006 in the amount of 20,000 options.
Employee will not be eligible for this grant.
4. The Employment Agreement is hereby amended by increasing the
restricted stock grant amount described in Section 6 (d) for 2006 from 16,000
to 20,000 shares.
5. Except as modified by this Amendment, the Agreement is hereby
confirmed in all respects.
IN WITNESS WHEREOF, the parties have duly executed this Amendment
effective as of January 1, 2006.
ALAMOSA HOLDINGS, INC.
By:
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Xxxxx X. Xxxxxxxx, CEO
EMPLOYEE
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Xxxx Xxxxxxxx
Dated this 8th day of November, 2005.
