EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (this "Agreement") has been executed
this
7th day of March, 2005 (the "Commencement
Date") by and between SUNCOM WIRELESS
MANAGEMENT COMPANY, INC., a Delaware
corporation (the "Company"), and WILLIAM A.
ROBINSON ("Executive").
W I T N E S S E T H:
WHEREAS, the Company, a Delaware corporation ("SunCom"), is engaged
in
the business of providing wireless
telecommunication services in the
southeastern United States (the
"Business"); and
WHEREAS, from March 23, 1998 through March 31, 2004 Executive had
been
employed by the Company on an "at-will"
basis and served as a member of the
executive management group of the Company;
and
WHEREAS, Executive was promoted to the position of Executive
Vice
President, Operations of the Company in
April 2004, and the parties wish to
memorialize their mutual agreements and
understandings with respect to
Executive's promotion and associated
obligations, compensation and incentives;
and
WHEREAS, the Company and Executive have agreed to enter into
this
Agreement to set forth the terms and
conditions of Executive's continued
employment with the Company from and after
the Commencement Date.
NOW, THEREFORE, in consideration of the premises and the mutual
agreements contained herein, and intending
to be legally bound hereby, the
parties agree as follows:
1. Employment.
(a) Agreement to Employ. Upon the terms and subject to the
conditions of this Agreement, the Company
hereby employs Executive, and
Executive hereby accepts employment by the
Company. From and after the
Commencement Date, the Company's employment
of Executive shall no longer be on
an "at will" basis, but rather it shall be
governed by the terms of this
Agreement.
(b) Employment Period. The initial term (the "Initial Term")
of Executive's employment shall commence on
the Commencement Date and continue
until February 3, 2006 (the "Expiration
Date"). Unless this Agreement shall have
been earlier terminated in accordance with
the terms of Paragraph 5(a), the term
of this Agreement will, commencing on the
Expiration Date, be extended
automatically for successive one (1) year
terms unless either party elects to
terminate this Agreement by providing
written notice to the other party at least
sixty (60) days prior to the expiration of
the Initial Term or any renewal term
of this Agreement. As used herein, the term
"Employment Period" shall mean the
Initial Term plus any renewal terms as
provided above.
2. Position and Duties. During the Employment Period, Executive
shall
serve as the Executive Vice President,
Operations of the Company and each other
member of the Triton PCS Group and be
responsible for the duties set forth on
Schedule I, reporting directly to the Chief
Executive Officer of the Company.
During the Employment Period, except as set
forth herein, Executive shall devote
his entire business time to the services
required of him hereunder, except for
vacation time and reasonable periods of
absence due to sickness, personal injury
or other disability. Nothing contained
herein shall preclude Executive from
serving on the board (or comparable
governing body) of, or working for, any
charitable or community organization, so
long as such activities do not
interfere in any material respect with the
performance of Executive's duties
hereunder.
3. Compensation.
(a) Base Salary. As of the Commencement Date, the Company
shall pay to Executive an annual salary of
$220,000. Thereafter, the
Compensation Committee of the Board of
Directors of Triton (the "Committee")
shall review Executive's base salary and
may, in its discretion, increase (but
not decrease) such base salary as it deems
appropriate. Executive's annual base
salary payable hereunder, as it may be
increased from time to time, is referred
to herein as "Base Salary". The Company
shall pay Executive his Base Salary in
equal bi-weekly installments or in such
other installments as the Company pays
other similarly situated senior officers of
the Company.
(b) Annual Bonus. For each calendar year or part thereof
during the Employment Period, Executive
shall be eligible to receive an annual
performance-based bonus in an amount and in
the manner determined pursuant to
Schedule II. Any bonuses payable under this
Paragraph 3(b) shall be paid to
Executive at the same time as bonuses are
paid to other executive officers of
the Company, but in no event later than
ninety (90) days after the close of the
Company's fiscal year for which the bonus
is payable.
4. Benefits, Perquisites and Expenses.
(a) Benefits Plans. During the Employment Period, Executive
shall be eligible to participate in any
benefit plan sponsored or maintained by
the Company for the benefit of its group of
senior officers, including, without
limitation, any group life, Flexible
Spending Account, medical, disability
insurance or similar plan or program of the
Company, whether now existing or
established hereafter, to the extent that
Executive is eligible to participate
in any such plan under the generally
applicable provisions thereof.
(b) Perquisites. Executive shall be entitled to up to five (5)
weeks paid vacation annually in accordance
with the Company's policies and
practices. Executive shall also be entitled
to receive such perquisites as are
generally provided to other senior officers
of the Company in accordance with
the policies and practices of the Company,
including tax advisory, preparation
and related services from Triton's
independent accountants; provided that the
cost to the Company in connection therewith
shall not exceed $5,000 per annum.
(c) Business
Expenses. The Company shall pay or reimburse
Executive for all reasonable expenses
incurred or paid by Executive during the
Employment Period in the performance of
Executive's duties hereunder; provided
Executive shall account for and
substantiate all such expenses in accordance
with the Company's policies for
reimbursement of the expenses of its senior
officers.
(d) Indemnification. The Company shall, to the maximum extent
permitted by applicable law, its
certificate of incorporation or its bylaws,
indemnify Executive and hold Executive
harmless against claims, judgments,
fines, amounts paid in settlement, and
reasonable expenses, including reasonable
attorney's fees as incurred by Executive in
connection with the defense of any
claim, action or proceeding in which he is
a party by reason of his position
with any member of the Triton PCS Group;
provided such liability does not arise
as a result of Executive's willful
misconduct and/or gross negligence. Executive
shall notify the Company promptly upon
learning of any claim, action or
proceeding for which Executive intends to
assert his right to indemnification
under this Paragraph 4(d), and the Company
shall have the right to control the
defense of any such claim, action or
proceeding on behalf of Executive,
including any decision regarding the terms
(if any) of settlement of such claim,
action or proceeding; provided that unless
otherwise agreed to by Executive, any
such settlement shall include statements
that Executive does not admit any
wrongdoing and the Company does not admit
any wrongdoing on the part of
Executive. The Company shall not agree to
any settlement of a claim, action or
proceeding for which it is indemnifying
Executive until it first has informed
and consulted with Executive regarding the
terms of such settlement, but the
Company shall not need the consent of
Executive to such settlement (so long as
the settlement complies with the
immediately preceding sentence). The
indemnification obligation of the Company
in this paragraph shall survive any
termination of this Agreement.
(e) Directors' and Officers' Liability Insurance. Executive
shall be covered by any directors' and
officers' liability insurance coverage
maintained by any member of the Triton PCS
Group.
5. Termination of Employment.
(a) Early Termination of the Employment Period. This
Agreement may be terminated in any of the
following manners:
(i) Executive may voluntarily terminate employment
with the Company at any time at the sole
discretion of Executive upon sixty (60)
days' prior written notice to the Company
(a "Voluntary Termination").
(ii) Executive may, upon written notice to the
Company, terminate employment with the
Company immediately at any time for
"Good Reason" (as defined in Paragraph
5(e)), it being agreed that any such
termination, although effected by
Executive, shall not constitute a Voluntary
Termination.
(iii)
Executive's employment may, upon written notice
to Executive, be terminated by the Company
at any time without Cause (as defined
in Paragraph 5(d)) at the sole discretion
of the Company ("Without Cause"). The
Company shall give Executive sixty (60)
days' prior written notice if Executive
is being terminated Without Cause.
(iv) Executive's employment may be terminated by the
Company at any time for Cause (as defined
in Paragraph 5(d)).
(v) This Agreement shall terminate automatically upon
Executive's death.
(vi) The Company may, upon written notice to
Executive, terminate this Agreement upon
Executive's Disability. As used herein,
the term "Disability" shall mean a medical
determination that Executive suffers
from illness or other physical or mental
impairment that prevents Executive from
substantially performing his duties for a
period of sixteen (16) consecutive
weeks or longer during the Employment
Period. The determination of Executive's
Disability shall be made by the Board of
Directors of the Company. Executive
shall cooperate fully with any physician or
health care professional (the
"Doctor") chosen by the Board of Directors,
in its sole discretion, to review
Executive's medical condition. Executive
shall cooperate with the Doctor by,
among other things, executing any necessary
releases to grant the Doctor full
access to any and all of Executive's
medical records, authorizing or requiring
physicians and other healthcare
professionals who have treated or dealt with
Executive to consult with the Doctor and
submitting to such physical
examinations or testing as may be requested
by the Doctor.
(b) Benefits Payable Upon Termination.
(i) Following the end of the Employment Period
pursuant to any manner described in
Paragraph 5(a), the Company shall pay to
Executive (or, in the event of his death,
his estate): (A) any Base Salary
earned, but unpaid, for services rendered
to the Company on or prior to the date
of Executive's termination of employment,
and (B) amounts which are vested or
which Executive is otherwise entitled to
receive under the terms of or in
accordance with any plan, policy, practice
or program of, or any contract or
agreement with, the Company or any other
member of the Triton PCS Group.
Following the end of the Employment Period
pursuant to any manner described in
Paragraphs 5(a)(ii), (iii), (v) or (vi),
the Company shall pay to Executive (or,
in the event of his death, his estate) any
annual bonus that would be earned on
the next anniversary date of this Agreement
prorated for that portion of the
year during which Executive was employed by
the Company.
(ii) If termination occurs pursuant to any manner
described in Paragraphs 5(a)(ii), (iii) or
(vi) or by reason of the Company's
non-renewal of the Employment Period as
provided in Paragraph 1(b), Executive
(or, in the event of his death, his estate)
shall be entitled to receive, in
addition to the benefits set forth in
Paragraph 5(b)(i) hereof, a severance
award equal to the amount of Executive's
then current Base Salary, payable over
a 12-month period.
(iii) If termination occurs pursuant to any manner
described in Paragraphs 5(a)(ii), (iii),
(v) or (vi), that portion of any
unvested shares of Triton owned by
Executive (and that are subject to the terms
of a restricted stock award letter
agreement or comparable agreement) on such
date that would have vested on the next
anniversary date of any restricted stock
award within twelve (12) months following
the termination date shall vest
immediately upon such termination.
(c) Timing of Payments.
(i) Amounts payable pursuant to Paragraph 5(b)(i)(A),
will be paid in a single lump sum as soon
as practicable, but in no event more
than 10 business days, following the end of
the Employment Period.
(ii) Vested benefits referred to in Paragraph
5(b)(i)(B) shall be payable in accordance
with the terms of the plan, policy,
practice, program, contract or agreement
under which such benefits have accrued.
(iii) Amounts payable pursuant to Paragraph
5(b)(ii)(A) will be paid according to the
then current payroll schedule during
such 12-month period.
(d) Definition of Cause. For purposes of this Agreement,
"Cause" shall mean:
(i) fraud against the Company;
(ii) willful malfeasance or gross misconduct in
connection with Executive's employment
hereunder which has materially adversely
affected the Company as determined by (A) a
majority vote of the Board of
Directors inclusive of the Chief Executive
Officer or (B) six (6) out of seven
(7) in the absence of the Chief Executive
Officer;
(iii) material failure to perform Executive's duties
for the Company;
(iv) any refusal to implement or undertake the
directives of the Board of Directors of the
Company or the Chief Executive
Officer;
(v) engaging in conduct that causes material injury,
monetary or otherwise, to the Company;
(vi) engaging in conduct that reflects adversely on
the Company or affects the Executive's
ability to perform his duties hereunder;
(vii) arrest for, indictment for, or being formally
charged with, the commission of a felony or
commission of a crime, whether or
not a felony, involving Executive's duties
for the Company or that may reflect
unfa