EXHIBIT 10.48 PURCHASE AGREEMENT THIS PURCHASE AGREEMENT (the "Agreement") is made and entered into as of this 8th day of April, 2005 by and between PCTEL Antenna Products Group, Inc., a(n) Illinois Corporation f/k/a MAXRAD, Inc., an Illinois...Purchase Agreement • May 10th, 2005 • Pc Tel Inc • Services-computer programming, data processing, etc. • Illinois
EXHIBIT 10.45 May 4, 2005 Martin H. Singer c/o PCTEL, Inc. Suite 400 8725 West Higgins Road Chicago, IL 60631 Re: Amendment to Employment Agreement Dear Marty: As you know, the Compensation Committee of the Company's Board of Directors recently...Pc Tel Inc • May 10th, 2005 • Services-computer programming, data processing, etc.
As you know, the Compensation Committee of the Company's Board of Directors recently restructured the Stretch Bonus component of your Employment Agreement by eliminating the rolling two-year Stretch Bonus currently in place for 2004/2005 and replacing it with an ongoing yearly "stretch" bonus beginning in fiscal 2005. This yearly "stretch" bonus will be based on performance goals established by the Compensation Committee to recognize substantial overachievement by the Company of planned revenue and planned EBTA (earnings before taxes, amortization of intangible charges for goodwill and depreciation of assets and amortization of stock-based compensation charges). The specific terms and conditions of this yearly "stretch" bonus plan will be determined annually by the Compensation Committee and the Board of Directors. This yearly "stretch" bonus will replace the defined concept of the "Stretch Bonus" wherever it appears in your Employment Agreement.
