Exhibit 10.10
-------------
Amendment No. 1
to the
Terms and Conditions of Employment
between
Xxxxxx Xxxxxx ("RC")
and
Adelphia Communications Corporation (the "Company")
WHEREAS, RC and the Company wish to amend that certain employment agreement
executed on January 17, 2003 (the "Employment Agreement").
NOW, THEREFORE, the parties hereby agree as follows:
1. The third sentence of Section 9 of the Employment Agreement is hereby
amended to read in its entirety as follows: "One-third of such restricted shares
shall vest on the second anniversary of the Effective Date, an additional
one-third shall vest on the first anniversary of the date of the Company's
emergence from bankruptcy, and the final one-third shall vest on the second
anniversary of such date of emergence."
2. Except as provided in this Amendment No. 1, the terms and conditions of
the Employment Agreement shall remain unchanged.
/s/ Xxxxxx Xxxxxx
------------------------------ Adelphia Communications Corporation
Xxxxxx Xxxxxx
By: /s/ Xxxxx Xxxxxxxxxx
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February 21, 2003 Name: Xxxxx Xxxxxxxxxx
Title: Chairman and Interim Chief
Executive Officer
February ___, 2003
