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EXHIBIT 10.10(b)
AMENDMENT
Xxxxxx Xxxxxxxxx ("Executive") and ANTEC Corporation ("Company") hereby agree
to amend their agreement of April 29, 1999 (the "Agreement") as follows:
In lieu of the obligation to pay Executive a special bonus of $750,000 as
provided by Section 6 of the Agreement, Company hereby grants Executive 24,077
stock units. Except as provided below, each stock unit will convert to one
share of common stock of Company on June 30, 2004 or such earlier date
Executive is not employed by the Company.
Any distribution on the common stock prior to the conversion of the stock units
will either be distributed to Executive or will result in an equitable
adjustment to the number of stock units. The number of stock units will also be
equitably adjusted for stock splits and similar events.
The stock units and any distributions on the stock units will be forfeited if
prior to June 30 2001, Executive gives Company notice of termination of the
Agreement without Good Reason. 4,815 of the stock units and any distributions
on these units will be forfeited if prior to June 30, 2004, Executive gives
Company notice of termination of the Agreement without Good Reason.
Other than as charged above, the provisions of the Agreement shall continue in
full force and effect.
Dated as of the 31st day of January 2000.
ANTEC Corporation /s/ XXXXXX X. XXXXXXXXX
By /s/ XXXXXXXX X. XXXXXXXX
Its CFO
