"Severance Period" means any period of continued salary payments by the
Company to Executive following the Date of Termination (as defined in Section
"Systems" shall have the meaning set forth in the Asset Purchase Agreement.
"TWI Carry LLC Agreement" means the Limited Liability Company Agreement of
TWI Cable Carry LLC dated as of the date hereof by and among TWI Cable Inc., the
individuals named therein and TWI Cable Carry LLC, as amended or modified from
time to time.
2. Term of Employment. (a) Subject to the provisions of Section 8 of
this Agreement, Executive shall be employed by the Company for a period
commencing on the date hereof and ending on the first anniversary thereof or any
extension thereof (such term of employment as it may be extended, the
(b) Executive will agree, upon the request of the Company, to extend the
term of employment hereunder for up to six (6) months on the terms set forth
herein during the period between the signing of definitive documentation
relating to and closing of, and during any transition period related to, a sale
of all or substantially all of the assets of (or equity interests in) the
Company that is in process on last day of the Employment Term (the "Termination
(c) Other than pursuant to Section 2(b) hereof, in which case no notice
shall be required, the Company will notify Executive no later than thirty (30)
days prior to the Termination Date as to whether the Company desires to renew or
extend the term of Executive's employment.
3. Position. (a) Executive shall serve as Vice Chairman of the Company.
In such position, Executive shall have the duties set forth in Appendix A and
such additional duties and authority commensurate with such position as shall be
determined from time to time by the Board consistent with the Company's
objective as set forth in Section 2.03(b) of the Holdings LLC Agreement.
(b) During the Employment Term, Executive will devote his business time
and skill and knowledge to the performance of his duties hereunder, consistent
with the Company's business plan and its strategic objectives, and subject to
Section 3(c) hereof, will not engage in any other business, profession or
occupation for compensation or otherwise which would conflict with the rendition
of such services either directly or indirectly; provided that Executive may