EMPLOYMENT AGREEMENT



         THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into

as of June 19, 2003 by and between GLENAYRE TECHNOLOGIES, INC., a Delaware

corporation (the "Corporation"), and ERIC L. DOGGETT (the "Executive").



                              STATEMENT OF PURPOSE



         The Corporation desires to continue to retain the services of the

Executive, and the Executive desires to continue to provide services to the

Corporation, on the terms and conditions set forth herein.



         NOW, THEREFORE, in consideration of the foregoing Statement of Purpose

and the terms and provisions of this Agreement, the parties hereto agree as

follows:



         1.       Employment and Duties.



         (a)      Employment. The Corporation hereby employs the Executive, and

the Executive hereby agrees to serve, as the President and Chief Executive

Officer of the Corporation pursuant to the terms of this Agreement.



         (b)      Duties. The Executive shall have the duties and authority and

exercise such powers as are customary for his office and such other duties

commensurate with his position as may from time to time be reasonably requested

of him by the Board of Directors of the Corporation (the "Board"), the Chairman

of the Board or vested in him by the bylaws of the Corporation. The Executive

shall report to the Board, any applicable Committee of the Board and the

Chairman of the Board. During the Term, the Executive shall:



                  (1)      devote substantially all of his business time,

         attention and abilities to the businesses of the Corporation (including

         its subsidiaries or affiliates, when so required), provided, that the

         Executive may engage in personal investment, charitable or community

         activities and, with the consent of the Board (which will not

         unreasonably be withheld) serve on the boards of directors of

         for-profit entities so long as such activities do not materially

         interfere with the performance of the Executive's duties hereunder;



                  (2)      faithfully serve the Corporation and use his best

         efforts to promote and develop the interests of the Corporation; and



                  (3)      not acquire, directly or indirectly, any interest in

         any firm, partnership, association or corporation, the business

         operations of which may in any material manner, directly or indirectly,

         compete with the trade or businesses conducted by the Corporation or

         any of its subsidiaries, or affiliates, provided that (i) the Executive

         may beneficially own, directly or indirectly, or exercise control or

         direction over, the voting securities or publicly traded debt of a

         publicly traded company which is engaged in any of the foregoing trade

         or businesses, on the condition that the percentage of such securities

         owned, controlled or directed by the Executive shall not exceed 5% of

         the voting



<PAGE>



         securities or 5% of the principal amount of publicly traded debt (as

         the case may be) of the publicly traded company and (ii) the Executive

         may own less than 5% of investment partnerships or similar entities so

         long as they are blind pools.



         2.       Term of Employment.



         (a)      Term. The initial term of the Executive's employment hereunder

shall commence on the date of this Agreement and extend through October 31, 2003

(the "Initial Term"). The term of the Executive's employment hereunder may, in

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC