WARWICK VALLEY TELEPHONE COMPANY
KENNETH H. VOLZ
Warwick Valley Telephone Company (WVTC), a New York corporation with its
principal place of business at 47 Main Street, Warwick, New York (Company), and
Kenneth H. Volz (“Volz”) , residing at 2875 Crabtree Lane, Northbrook, Illinois, USA,
agree to enter into this Employment Agreement dated as of January 25, 2007 as follows:.
1. Employment of Kenneth H. Volz as Interim Vice President, Chief Financial
Officer & Treasurer (“CFO”): WVTC agrees to employ Volz in the role of interim CFO,
and Volz agrees to be employed by the Company, upon the terms and subject to the
conditions set forth in this Agreement. Volz’s employment under this Agreement shall begin
as of January 23, 2007 and shall continue until terminated in accordance with Section 5
below. The parties expect termination to occur within two weeks of the Annual Meeting of
Shareholders to be held on April 27, 2007. Volz understands that he will have to complete
an I-9 Form, and provide appropriate documentation, in the time frame as required by law.
2. Volz’s Duties and Responsibilities as Interim CFO: Volz will report directly to
the President and CEO and shall perform all of the duties and responsibilities incident to the
position of CFO and/or such other job duties and responsibilities as may be assigned by the
President and CEO and/or Board of Directors. Volz agrees to perform such duties to the
best of his ability and judgment in accordance with the highest ethical standards. Volz
understands that WVTC has collective bargaining agreements covering its plant and clerical
employees and will not attempt to or make any unilateral changes to those agreements. Volz
will also abide by Company policies applicable to all WVTC employees.
3. Volz’s Goals as Interim CFO: Volz and the President and CEO will agree upon
goals and objectives that will become part of this agreement as Amendment #1.
4. Volz’s Comp