EXHIBIT 10.54
Employment Agreement, dated as of August 22, 1999, by and between ICG
Communications, Inc. and Xxxxx X. Xxxxx
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT ("Amendment") is made as of
the 22nd day of August, 1999 by and between ICG Communications, Inc. ("Employer"
or the "Company") and Xxxxx X. Xxxxx ("Employee").
R E C I T A L S
WHEREAS, the Company and Employee previously entered into that certain
Employment Agreement dated as of July 1, 1999 (the "Employment Agreement");
WHEREAS, the parties desire to amend certain of the terms of the
Employment Agreement;
NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained herein, the parties agree as follows:
1. Section 3.1. The second sentence of Section 3.1 shall be amended to
read as follows: "The annual base salary will as of August 22, 1999 be One
Hundred Seventy Thousand Dollars ($170,000)."
2. Section 3.2. The last sentence of Section 3.2 shall be amended to
read as follows: "Employee's annual bonus is established at 50% of annual base
salary if all objectives and goals are met."
IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first above written.
/s/ Xxxxx X. Xxxxx
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Xxxxx X. Xxxxx
ICG COMMUNICATIONS, INC.
By: /s/ Xxx Xxxxxx
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Name: Xxx Xxxxxx
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Title: Executive Vice President
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