FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
EXHIBIT 10.51
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”) is made and entered into as of March 24, 2022 by and between Bandwidth Inc., a Delaware corporation, having offices at 000 Xxxx Xxxxxx Xxxxx, Xxxxx 000, Xxxxxxx, Xxxxx Xxxxxxxx 00000 XXX (“Bandwidth”), and Xxxxxxx Xxxxxxx (“Executive”).
WHEREAS, Xxxxxxxxx and Executive previously entered into an Employment Agreement, dated as of February 22, 2022 (the “Employment Agreement”); and
WHEREAS, Xxxxxxxxx and Executive desire to amend the Employment Agreement as provided in this Amendment.
NOW, THEREFORE, in consideration of the premises herein contained, Bandwidth and Executive hereby agree to amend the Employment Agreement as follows:
1.The following is inserted as a new Section 3.3.3, and existing Section 3.3.3. shall become Section 3.3.4:
2.“3.3.3 All of Executive’s unvested RSU’s and any other equity award granted to Executive by Xxxxxxxxx that is scheduled to vest solely based on the passage of time (as opposed to performance goals) will become fully vested upon the earlier of (a) Executive’s death prior to termination or expiration of this Agreement, or (b) upon a Change in Control.
3. This Amendment does not supersede the terms and conditions of the Employment Agreement, except to the extent expressly described herein.
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IN WITNESS WHEREOF, the undersigned have executed this Amendment on the day and year first above written.
Bandwidth:
By /s/ Xxxxx X. Xxxxxx
Xxxxx Xxxxxx
Chief Executive Officer
Executive:
/s/ Xxxxxxx Xxxxxxx
Xxxxxxx Xxxxxxx
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