FIRST AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • December 20th, 2019 • Otelco Inc. • Telephone communications (no radiotelephone) • New York
This First Amended and Restated Employment Agreement, dated as of December 19, 2019 (this “Agreement”), is by and between OTELCO INC., a Delaware corporation (“Otelco” or the “Company”), and RICHARD CLARK (the “Employee”).
SEPARATION AND CONSULTING AGREEMENTSeparation and Consulting Agreement • December 20th, 2019 • Otelco Inc. • Telephone communications (no radiotelephone) • New York
This Separation and Consulting Agreement (the “Agreement”), between Otelco Inc. (the “Company”) and Robert J. Souza (“Executive”) dated as of December 19, 2019, shall set forth the terms and conditions of Executive’s voluntary retirement as (i) Chief Executive Officer (“CEO”) of the Company, (ii) all other positions held in the Company or any of its subsidiaries, and (iii) a member of the board of directors of the Company (collectively, the “Positions”), and his continued consulting services to the Company following retirement.
