0000950123-07-011189 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • August 9th, 2007 • Centennial Communications Corp /De • Radiotelephone communications • New Jersey

EMPLOYMENT AGREEMENT made as of this May 31, 2007, by and between Centennial Puerto Rico Operations Corp., a corporation organized and subsisting under the laws of Delaware and whose address for the purposes of this Agreement is 3349 Route 138, Wall, New Jersey 07719 (the “Company”), and Carlos Blanco (“Employee”).

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AGREEMENT WITH RESPECT TO THE SECOND AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • August 9th, 2007 • Centennial Communications Corp /De • Radiotelephone communications • Delaware

Agreement (this “Agreement”), dated as of June 4, 2007, to the Second Amended and Restated Registration Rights Agreement dated as of July 24, 2006 (such agreement being referred to herein as the “Registration Rights Agreement”) among Centennial Communications Corp. (the “Company”), the investors named in Schedule I thereto (the “WCAS Purchasers”), the investors named in Schedule II thereto (the “Blackstone Purchasers”), and Michael Small. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Registration Rights Agreement.

CENTENNIAL COMMUNICATIONS CORP. Non-Qualified Stock Option Agreement
Stock Option Agreement • August 9th, 2007 • Centennial Communications Corp /De • Radiotelephone communications • New York

Pursuant to the Centennial Communications Corp. and its Subsidiaries 1999 Stock Option and Restricted Stock Purchase Plan (the “Plan”), the Board of Directors of Centennial Communications Corp. (the “Company”) has granted to you on this date an option (the “Option”) to purchase in the aggregate, on the terms and subject to the conditions set forth herein, <<Options>> shares of the Company’s Common Stock, $.01 par value (“Common Stock”). Such shares (as the same may be adjusted as described in Section 10 below) are herein referred to as the “Option Shares”. The Option shall constitute and be treated at all times by you and the Company as a “non-qualified stock option” for Federal income tax purposes and shall not constitute and shall not be treated as an “incentive stock option” as defined under Section 422(b) of the Internal Revenue Code of 1986, as amended (the “Code”). The terms and conditions of the Option are set out below.

AMENDMENT NO. 3 TO FIRST AMENDED AND RESTATED STOCKHOLDERS AGREEMENT
Stockholders Agreement • August 9th, 2007 • Centennial Communications Corp /De • Radiotelephone communications • Delaware

Amendment No. 3 (this “Agreement”), dated as of June 4, 2007, to the First Amended and Restated Stockholders Agreement dated as of January 20, 1999 (such agreement being referred to herein as the “Stockholders Agreement”) among Centennial Communications Corp. (the “Company”), the several persons named in Schedule I thereto (the “WCAS Purchasers”), the several persons named in Schedule II thereto (the “Blackstone Purchasers”), and Michael Small, as amended. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Stockholders Agreement.

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