EMPLOYMENT/STOCK REPURCHASE AGREEMENTEmployment/Stock Repurchase Agreement • March 1st, 2006 • Mpower Holding Corp • Telephone communications (no radiotelephone) • Nevada
This Employment/Stock Repurchase Agreement (hereinafter “Agreement” is entered into on this 13th day of October, 1999 by ROLLA P. HUFF (hereinafter “Executive”) and MGC COMMUNICATIONS, INC., a Nevada corporation (hereinafter the “Company”). Executive and Company are collectively designated herein as the “Parties” and “Party” shall mean either one of the Parties.
Steven Reimer Lake Forest, IL 60045 Dear Steve:Mpower Holding Corp • March 1st, 2006 • Telephone communications (no radiotelephone)
In light of your resignation from Mpower Communications, this letter is to inform you of the terms of your separation of employment from the company on March 1, 2006. As you are aware, you are subject to a Retention and Severance Agreement dated October 11, 2001, as amended by Amendment to Retention and Severance Agreement dated January 24, 2005 (collectively, the “Severance Agreements”). Under the circumstances, your resignation has triggered the Severance Agreements.
