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EXHIBIT 10.9
May 20,1998
Xx. Xxxx Xxxxxx
000 Xxxxxxx Xxxxx
Xxxx Xxxxx, Xxxxxxx 00000
Dear Xx. Xxxxxx:
This letter confirms our mutual understanding of the terms and conditions
applying to your employment with Nextel International, Inc. ("Nextel
International"). Please recognize that this letter is not to be construed as an
employment contract. We look forward to your contribution as a key member of
the team responsible for developing international wireless opportunities.
I outline below the specific terms and conditions regarding the offered
position:
Title: Region President, Latin America
Compensation Level: EX2
Reporting to: Xxxxx Xxxxxxxxx
Start Date: July 1, 1998, or a mutually agreed upon
date
Location: Miami, Florida
Compensation: $200,000 per year, paid bi-monthly
Bonus: You are eligible to receive a cash bonus
of $125,000 based on your achievement of
specific objectives. ($62,500, which
represents one-half of your yearly cash
bonus is guaranteed for calendar year
1998). Payout is expected to occur during
the first quarter of each year.
Signing Bonus: You will receive a one time signing bonus
of $35,000.
Equity: You will be recommended for 60,000 Nextel
International options. Also, you will be
recommended for 30,000 options of Nextel
Communications, Inc. This recommendation
will be presented to the Compensation
Committee of the Board of Directors at the
first meeting after your employment start
date. Additionally, you will be recommended
for 30,000 options of Nextel
Communications, Inc. at the first
Compensation Committee of the Board of
Directors meeting in calendar year 1999.
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Xxxx Xxxxxx
May 20,1998
Page 2
Expenses: Any expenses that you incur on behalf of
Nextel International which are directly
related to your work will be reimbursed
based on properly completed documentation
and approvals in accordance with applicable
procedures.
Benefits: You are eligible for the standard Nextel
Communications, Inc. (the parent of Nextel
International) Benefit Plan commensurate
with your title and salary.
Performance Review: Your performance will be reviewed on an
annual basis at which time you will be
eligible for a merit increase in your
compensation subject, of course, to the
absolute discretion of the Company's
management.
Severance: Because of the risk associated with your
move, you will receive one year's base
salary if you are severed within one year
from your start date for any reason other
than dismissal for cause.
Miscellaneous: Upon receipt of invoice, Nextel
International will pay $27,500 for expenses
associated with your daughter's education
in calendar year 1998.
Your responsibilities will be in accordance with those discussed in your
interview. We believe that you will make a valuable addition to our team and
look forward to working with you. Please do not hesitate to contact me if you
have any questions or require additional information.
You also represent to us you are not, and by accepting the offer of employment
in this letter you will not be, in breach of any provisions of any noncompete,
confidentiality, employment or other agreement to which you are a party.
Finally, you represent to us that, to the best of your knowledge, you have
never been discharged or asked to leave an employer for reasons of personal
integrity or performance.
Please sign below where indicated and return this letter to me. A copy is
enclosed for your records.
Sincerely,
/s/ XXXXX X. XXXXXX
Xxxxx X. Xxxxxx
Director, Human Resources
Nextel International, Inc.
I accept the offer of employment contained in this letter and hereby agree that
I have read and understand the terms contained herein.
/s/ XXXX XXXXXX
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Xxxx Xxxxxx
Dated:
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