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2005, is entered into by and among +ADw-b+AD4-Moscow CableCom
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company organized in the Russian Federation
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delivers cable television, high speed data transmission and
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conditions contained
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for a period of three years from the Effective Date, unless earlier
terminated in accordance with Section+ACY-nbsp+ADs-4 (as
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the businesses of the Company and ComCor-TV. +ACY-nbsp+ADs-In his
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style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-For all services to be
provided by Executive hereunder, and in addition to the Options,
Executive will receive during the Term an annual salary of +ACQ-
1,149,425 payable monthly in
arrears.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
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Plans+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'color:black'+AD4-.
+ACY-nbsp+ADs-During the Term, the Company will provide Executive
with the benefits of such insurance plans (including life, medical,
dental, disability, travel and directors and officers insurance) as
are at least comparable to those customarily provided to the chief
executive officer of other public companies of a comparable size
doing business in Russia. +ACY-nbsp+ADs-The Company may provide
such benefits directly by having Executive participate in the
Company+IBk-s benefits plan, or the Company may provide any portion
of such benefits by reimbursing Executive for premiums he pays to
acquire such benefits under private plans agreed upon between
Executive and the Company. +ACY-nbsp+ADs-In addition, the Company
agrees to provide medical insurance, including dental insurance,
comparable to that of Executive, to the members of his immediate
family (wife and children) or, at the option of the Executive,
reimburse Executive for all expenses related to the acquisition of
such insurance
plans.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span
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style+AD0-'color:black'+AD4-Sick Leave and
Vacation+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-During the Term,
Executive will be entitled to sick leave and annual paid vacation
in accordance with the Company+IBk-s established policies
applicable to other senior executives of the Company+ADs- provided
that the annual paid vacation of the Executive shall be equal to at
least 30 calendar days per year. +ACY-nbsp+ADs-In addition, the
Company will provide reasonable paid emergency leave to Executive
in the case of serious injury to Executive or any member of his
immediate family or death of any member of his immediate
family.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
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style+AD0-'color:black'+AD4-Automobile+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-During the Term, the
Company (A)+ACY-nbsp+ADs-will provide Executive, on a 24 hour
basis, with +ACY-nbsp+ADs-a chauffeur driven automobile Audi A8
Quattro, and (B)+ACY-nbsp+ADs-will promptly pay or (at
Executive+IBk-s option) reimburse Executive for all expenses
related to such automobile, including fuel, insurance and
maintenance.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4-+ADw-span
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Expenses+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-The Company will
promptly pay or (at Executive+IBk-s option) reimburse Executive for
all reasonable business expenses incurred by Executive in carrying
out Executive+IBk-s duties under this
Agreement.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
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style+AD0-'color:black'+AD4-Termination+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-Executive+IBk-s
employment hereunder will terminate on the following terms and
conditions:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span
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style+AD0-'color:black'+AD4-Death+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-If Executive dies
during the Term:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span
style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p
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style+AD0-'color:black'+AD4-within 15 days after the date of death,
Executive+IBk-s +ACY-nbsp+ADs-annual salary will be paid through
and including the date of death,
and+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span
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style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
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style+AD0-'font-size:7.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
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style+AD0-'font-size:10.0pt+ADs-color:black'+AD4- +ADw-hr
size+AD0-1 width+AD0AIg-100+ACUAIg- noshade color+AD0-gray
align+AD0-center+AD4- +ADw-/span+AD4APA-/div+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:67.5pt+ADs-line-height:14.0pt+ADs-
page-break-before:always'+AD4APA-span
style+AD0-'color:black'+AD4-(ii)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
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style+AD0-'color:black'+AD4-within 15 days after the date of death,
Executive's estate will be paid an amount equal to six months of
Executive's annual
salary.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span
style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
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style+AD0-'color:black'+AD4-(b)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
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style+AD0-'color:black'+AD4-Disability+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-If Executive becomes
disabled during the
Term:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span
style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span
style+AD0-'color:black'+AD4-(i)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p
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style+AD0-'color:black'+AD4-the Company may terminate
Executive+IBk-s employment 30 days after receipt by Executive or
his duly appointed legal representative of a notice of
termination,+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span
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style+AD0-'color:black'+AD4-(ii)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p
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style+AD0-'color:black'+AD4-Executive+IBk-s base annual salary will
be paid through such date of termination,
and+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span
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+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-span
style+AD0-'color:black'+AD4-on such date of termination Executive
or his duly appointed legal representative will be paid an amount
equal to six months of Executive+IBk-s annual
salary.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span
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+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:14.0pt'+AD4APA-span
style+AD0-'color:black'+AD4-For purposes of this
Section+ACY-nbsp+ADs-4(b), Executive will be considered
+IBw-disabled+IB0- if he is unable, due to illness, accident,
injury, physical or mental incapacity or other disability, to carry
out effectively his duties and obligations to the Company or to
participate effectively and actively in the management of the
Company for a period of at least 180 consecutive days, as
determined in the reasonable judgment of the
Board.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span
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+ADw-p
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style+AD0-'color:black'+AD4-Termination For
Cause+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'color:black'+AD4-.
+ACY-nbsp+ADs-The Company may immediately terminate Executive+IBk-s
employment for +IBw-Cause+IB0- by delivering written notice thereof
to Executive, and in such event Executive+IBk-s annual salary will
be paid through such date of termination, and thereafter
Executive+IBk-s rights under this Agreement will cease and no
further payments hereunder will be made, except for Executive+IBk-s
rights under Section+ACY-nbsp+ADs-2(c) with respect to unreimbursed
fees and expenses incurred by Executive prior to such date of
termination, which the Company will reimburse Executive for within
15 days after such date of termination. +ACY-nbsp+ADs-For purposes
of this Agreement, any one or more of the following events will
constitute
+IBwAPA-u+AD4-Cause+ADw-/u+AD4gHQ-:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p
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style+AD0-'color:black'+AD4-Executive+IBk-s conviction of (or
pleading+ADw-i+AD4- nolo contendere +ADw-/i+AD4-or equivalent) to a
felony or serious misdemeanor or the equivalent under the laws of
another
jurisdiction+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p
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+ADw-p
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style+AD0-'color:black'+AD4-(ii)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p
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style+AD0-'color:black'+AD4-Executive+IBk-s willful misconduct,
gross negligence, or perpetration of or participation in a fraud or
the equivalent under the laws of another jurisdiction, where such
acts are materially injurious to the Company or any of its
subsidiaries+ADs-
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