AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement ("Amendment") is made as of the
13th day of April, 2000 by and between ICG Communications, Inc., a Delaware
corporation ("Company") and Xxxxxxx X. Beans, Jr. ("Employee").
R E C I T A L S
WHEREAS, the Company and Employee previously entered into that certain
Employment Agreement dated as of December 22, 1999 (the "Employment Agreement");
WHEREAS, the Company and Employee desire to amend and modify certain
terms and conditions of the Employment Agreement;
NOW THEREFORE, in consideration of the mutual covenants and agreements
contained herein the parties agree as follows:
1. Compensation and Benefits. Section 3.5 (1) of the Employment
Agreement is hereby amended, to read as follows: "14,814 stock options under the
Company's 1998 Stock Option Plan with an exercise price equal to the closing
stock price of the Company's common stock on June 28, 1999 vesting in equal
increments over three (3) years."
2. Other Terms and Conditions. All other terms and conditions of the
Employment Agreement shall remain in full force and effect, as if fully stated
herein.
3. Capitalized Terms. Capitalized and defined terms shall have the same
meaning as that accorded them in the Employment Agreement, unless the context
requires otherwise.
4. Conflict. If there are any conflicting terms or conditions between
the terms and conditions of this Amendment and the terms and conditions of the
Employment Agreement, the terms and conditions of this Amendment shall control.
IN WITNESS WHEREOF, each of the parties hereto has duly executed this
Amendment as of the date first written above.
ICG COMMUNICATIONS, INC. Xxxxxxxx S. Beans, Jr.
/s/ J. Xxxxxx Xxxxx /s/ Xxxxxxx X. Beans, Jr.
---------------------------- ------------------------------
Name: J. Xxxxxx Xxxxx
-----------------------
Title: Chairman and CEO
----------------------
