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Exhibit 10.25
AMENDMENT
THIS AMENDMENT, dated as of January 18, 2000 and effective as of December
13, 1999 (the "Amendment") is entered into between TOLLGRADE COMMUNICATIONS,
INC. ("Tollgrade") and XXXXXXXXX X. XXXXXXX (the "Executive").
AMENDMENT TO AGREEMENT
WHEREAS, Tollgrade and the Executive entered into an Agreement effective the
13th day of December, 1995, as amended, governing the employment of Executive
and certain benefits to be received by Executive in the event his employment is
terminated (herein, the "Agreement"); and
WHEREAS, Tollgrade and the Executive desire to amend the Agreement upon the
terms and conditions stated in this Amendment.
NOW, THEREFORE, in consideration of the promises and the faithful performance of
the mutual covenants herein contained, and intending to be legally bound hereby,
Tollgrade and the Executive agree as follows:
1. Capitalized terms used herein and not otherwise defined shall have the
meaning assigned to them in the Agreement.
2. The Agreement shall be amended such that the Executive's base salary,
as specified in Section 2(b) of the Agreement, shall be increased to
$300,000 per annum, plus the cost of the Executive's annual long term
disability premium.
3. The Agreement shall be further amended to provide that the Executive
shall be reimbursed on a monthly basis for the cost of his membership
fees at the Rivers Club.
4. Except as modified by this Amendment, the provisions of the Agreement
shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
first written above.
TOLLGRADE COMMUNICATIONS, INC.
By:
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Xxxxxxxxx X. Xxxxxxx
Title:
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