EXHIBIT 10.5.3
The Third Amendment to the Employment Agreement
This Third Amendment dated October 16, 1997 is made between Madison River
Telephone Company, LLC ("Holdings") and J. Xxxxxxx Xxxxxxxxxxx, ("Executive")
pursuant to paragraph 11 of the Employment Agreement between Holdings and
Executive dated April 17, 1996 ("Employment Agreement").
1. Section 3.1 of the Employment Agreement shall be amended by inserting the
following after the first full sentence:
"Notwithstanding the foregoing, the closing of MebCom Communications,
Inc. shall not be considered the first acquisition and its closing date
shall not be considered the First Acquisition Closing Date for purposes
of paragraph 2 (Term of Employment), this paragraph 3 (Compensation)
and paragraph 6 (Termination of Employment)."
2. Section 8, third sentence shall be amended by replacing the place of
arbitration submission from "Chicago, Illinois" to "Raleigh-Durham
metropolitan area of North Carolina" and by replacing the language "in
accordance with Illinois law" with "in accordance with Delaware law".
All other provisions of the Employment Agreement remain in full force and
effect.
IN WITNESS WHEREOF, Executive and Holdings have caused this Second Amendment to
the Employment Agreement to be executed as of the date first written above.
Madison River Telephone Company, LLC
by: XXXX X. XXXX
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J. XXXXXXXX XXXXXXXXXXX
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Executive
