EXHIBIT 10.80
Amendment No. 1 to Employment Agreement
This Amendment No. 1 to Employment Agreement is entered into as of this 3rd
day of December 1999, by and between Vertel Corporation, a California
corporation (the "Company") and Cyrus Irani, an individual ("Officer"), with
respect to the following facts:
A. On January 12, 1999, the Company and Officer entered into a
written Employment Agreement (the "Employment Agreement").
B. On December 3, 1999, the Company's Compensation Committee
approved an amendment to Officer's Employment Agreement as
hereinafter set forth.
Now, therefore, in consideration of the foregoing and intending to be
mutually bound, the parties hereto agree as follows:
1. Section 5(b)(ii)(A) of the Employment Agreement shall be amended
to read as follows:
"Salary Continuance. If Officer experiences an Involuntary
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Termination before the second year anniversary of the date of this
Agreement, Officer will be entitled to receive an amount equal to his
or her regular monthly salary (subject to any applicable tax
withholding) as of the time of termination for twelve (12) months
following such termination (the "Original Term Severance Period"). If
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Officer experiences an Involuntary Termination during any period of
the Agreement following the second year anniversary of the date of
this Agreement . . . ."
The remainder of such paragraph shall remain as currently written in the
Employment Agreement.
2. All other terms and conditions of the Agreement not expressly
amended herein shall remain in full force and effect without any
change
[Signature Page Follows]
The parties have executed this Agreement the date first written above.
VERTEL CORPORATION
By:
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Xxxxx X. Xxxxx, President and Chief Executive Officer
Address: 00000 Xxxxxxx Xxxx., #0000
Xxxxxxxx Xxxxx, XX 00000
NAME: Cyrus Irani
Signature:
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Address:
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