GENERALEmployment Agreement • July 22nd, 2005 • Pike Electric CORP • Electrical work • Delaware
EXHIBIT 10.16 AMENDMENT (this "Amendment") dated July 21, 2005 to the Stockholders Agreement (as amended or modified from time to time the "Agreement") dated as of April 18, 2002 among Pike Electric Corporation, a Delaware corporation, as successor by...Stockholders Agreement • July 22nd, 2005 • Pike Electric CORP • Electrical work • Delaware
EXHIBIT 1.1 PIKE ELECTRIC CORPORATION 13,500,000 Shares of Common Stock Underwriting AgreementPike Electric CORP • July 22nd, 2005 • Electrical work • New York
Arrangement with Mr. CastanedaPike Electric CORP • July 22nd, 2005 • Electrical work
Although we have not entered into an employment agreement with Mr. Castaneda, we operate under an arrangement with him. Our arrangement with Mr. Castaneda provides for his employment for two years and thereafter is automatically extended for additional one-year periods, subject to our or Mr. Castaneda’s right to terminate the arrangement upon at least 60 days’ written notice prior to the expiration of such period of employment. Under the arrangement, Mr. Castaneda is entitled to a base salary of $400,000, and his salary may be adjusted upward by the board of directors in its sole discretion. The arrangement also provides that Mr. Castaneda is eligible to participate in management incentive plans currently in effect and to receive additional compensation that may be provided pursuant to such plans or as otherwise approved by our board of directors.
