EXHIBIT 10.54
AGREEMENT
This Agreement, made this 24th day of February, 1997 is entered into by
Omnipoint Corporation, a Delaware corporation (the "Company") and Xxxxx X.
Xxxxxxxxx, an individual (the "Employee").
WHEREAS, the Company and the Employee entered into that certain Employment
Agreement, dated November 3, 1996; and
WHEREAS, the parties now wish to modify certain terms and provisions of the
Employment Agreement;
NOW, THEREFORE, in consideration of the foregoing and the mutual promises
of the parties hereto, and other good and valuable consideration, the parties
agree as follows:
1. The Effective Date of the Employment Agreement is February 24, 1997.
2. Paragraph 3.2 of the Employment Agreement is amended by deleting
"$1,560,000" and inserting in its place "$1,087,500", and by deleting
"$2,147,388.50" and inserting in its place "$1,496,977.56."
3. Any term used in this Agreement which has initial capital letters and
which is not defined herein shall have the meaning attributed to it in the
Employment Agreement.
4. Except as otherwise provided herein, the Employment Agreement shall
remain unchanged and the parties hereto hereby confirm and agree to be bound by
all the terms and provisions of the Employment Agreement as amended hereby.
5. This Agreement may be executed in several counterparts and all so
executed shall constitute one agreement binding on all parties hereto.
WITNESS the execution under seal as of the day and date above written.
OMNIPOINT CORPORATION
By:/s/ Art Xxxx
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Title: Vice President, Human Resources
EMPLOYEE
/s/ Xxxxx X. Xxxxxxxxx
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Xxxxx X. Xxxxxxxxx
