0001513162-19-000188 Sample Contracts

STAY BONUS AGREEMENT

Stay Bonus Agreement • August 27th, 2019 • Nuvera Communications, Inc. • Telephone communications (no radiotelephone) • Minnesota

• Contract Type
  Stay Bonus Agreement
• Filed
  August 27th, 2019
• Company
  Nuvera Communications, Inc.
• Industry
  Telephone communications (no radiotelephone)
• Jurisdiction
  Minnesota

This Agreement is made as of August 27, 2019 by and between Nuvera Communications, Inc. (the “Company”) and Barbara Bornhoft (the “Executive”).

CHANGE IN CONTROL AGREEMENT

Change in Control Agreement • August 27th, 2019 • Nuvera Communications, Inc. • Telephone communications (no radiotelephone) • Minnesota

• Contract Type
  Change in Control Agreement
• Filed
  August 27th, 2019
• Company
  Nuvera Communications, Inc.
• Industry
  Telephone communications (no radiotelephone)
• Jurisdiction
  Minnesota

This Change in Control Agreement (“Agreement”) is made and entered as of August 27, 2019 (the “Effective Date”) by and among Nuvera Communications, Inc. (the “Company”), a Minnesota corporation and Glenn Zerbe (“you”).

TRANSITION AND RETIREMENT AGREEMENT

Transition and Retirement Agreement • August 27th, 2019 • Nuvera Communications, Inc. • Telephone communications (no radiotelephone) • Minnesota

• Contract Type
  Transition and Retirement Agreement
• Filed
  August 27th, 2019
• Company
  Nuvera Communications, Inc.
• Industry
  Telephone communications (no radiotelephone)
• Jurisdiction
  Minnesota

THIS TRANSITION AND RETIREMENT AGREEMENT (“Transition Agreement” or “Agreement”) is made and entered into by and between Nuvera Communications, Inc., a Minnesota corporation (“Company”) and Mr. Bill Otis (“you”) and will be effective as of August 27, 2019 (“Effective Date”).

NUVERA COMMUNICATIONS, INC.

Nuvera Communications, Inc. • August 27th, 2019 • Telephone communications (no radiotelephone)

• Company
  Nuvera Communications, Inc.
• Filed
  August 27th, 2019
• Industry
  Telephone communications (no radiotelephone)

On behalf of the Board of Directors of Nuvera Communications, Inc. (the “Company”), I am pleased that you have accepted our offer to join the Company as its next President and Chief Executive Officer beginning on or about September 3, 2019. This letter agreement (“Agreement”) and the other documents referred to herein will constitute the terms of your employment and your compensation and benefits with the Company.