EXHIBIT 99.3
HORIZON PCS, INC.
00 Xxxx Xxxx Xxxxxx
Xxxxxxxxxxx, Xxxx 00000
June 29, 2005
Xxxxxx Xxxxxx
c/o Horizon PCS, Inc.
00 Xxxx Xxxx Xxxxxx
Xxxxxxxxxxx, Xxxx 00000
Re: Employment Agreement
Dear Monesa:
This letter ("Letter Agreement") sets forth our understanding
regarding an amendment to be made to your employment agreement effective as of
October 1, 2004, by and between the Company and yourself (the "Employment
Agreement"). All capitalized terms not defined herein shall have the same
meaning as in the Employment Agreement.
In consideration of your continued employment with the Company and for
other good and valuable consideration the sufficiency of which is hereby
acknowledged the following amendments are made to your Employment Agreement:
1. At any time on or after December 31, 2005, you shall have the right to
terminate your employment for any reason and such termination of employment will
be deemed to be a termination of employment for Good Reason without regard to
any advance notice provisions or the right of any party to cure provided that
your employment has not been previously terminated by the Company for Cause. For
the avoidance of doubt, nothing contained in this Letter Agreement shall
restrict or modify your right to terminate employment prior to December 31,
2005, and claim that such termination is for Good Reason; provided, that, the
procedures set forth in the Employment Agreement are followed.
2. The Company hereby waives its right to terminate you for any reason other
than Cause for the period beginning on the Effective Time (as defined in the
Agreement and Plan of Merger, dated as of March 17, 2005, by and between iPCS,
Inc. and Horizon PCS, Inc. (the "Merger Agreement") and ending on December 31,
2005.
Except as otherwise provided for herein, the Employment Agreement
shall remain in full force and effect.
If the transaction contemplated by the Merger Agreement does not close
by October 15, 2005, this Letter Agreement shall have no force or effect.
[Signature Page Follows]
If you are in agreement with the terms set forth in this Letter
Agreement, please execute both copies and return one to the address set forth
above.
HORIZON PCS, INC.
By:/s/ Xxxxxxx X. XxXxxx
--------------------------------
Xxxxxxx X. XxXxxx
Chief Executive Officer
Agreed to and accepted as of the
date first referenced above.
/s/ Xxxxxx Xxxxxx
---------------------------
Xxxxxx Xxxxxx
2
