PREMIERE GLOBAL SERVICES, INC.
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>c44296_ex10-1.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
</HEAD>

<BODY bgcolor="#ffffff">


<P align=right>
<B><FONT face="serif">EXHIBIT 10.1</FONT></B></P>
<P align="center">
<B><FONT face="serif">PREMIERE GLOBAL SERVICES, INC. </FONT></B><BR>
<B><FONT face="serif">AMENDED AND RESTATED EMPLOYMENT AGREEMENT </FONT></B></P>
<P align=justify>
<B><FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT</FONT></B><FONT face="serif"> (the &#147;Agreement&#148;) is made and entered into by and between</FONT><B><FONT face="serif"> PREMIERE GLOBAL SERVICES, INC.</FONT></B><FONT
face="serif">,</FONT><B><FONT face="serif"> </FONT></B><FONT face="serif">a Georgia corporation (the &#147;Company&#148;), and </FONT><B><FONT face="serif">THEODORE P. SCHRAFFT </FONT></B><FONT face="serif">(the &#147;Employee&#148;), on September
15, 2006, to be effective as of July 20, 2006 (the &#147;Effective Date&#148;).</FONT></P>
<P align=center>
<B><FONT face="serif">BACKGROUND STATEMENT </FONT></B></P>
<P align=justify>
<B><FONT face="serif"> </FONT></B><FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Employee and the Company&#146;s subsidiary, American Teleconferencing Services, Ltd., entered into that certain Employment Agreement as of January 1, 2000, as amended by a First Amendment to
Employment Agreement dated as of January 1, 2001, a Second Amendment to Employment Agreement dated as of May 30, 2003 and a Third Amendment to Employment Agreement dated as of April 22, 2005 (as amended, the &#147;Original Agreement&#148;). The
Company and the Employee desire to amend and restate the Original Agreement as set forth herein. </FONT></P>
<P align=justify>
<FONT face="serif"> </FONT><B><FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THEREFORE,</FONT></B><FONT face="serif"> in consideration of and reliance upon the foregoing Background Statement and the representations and warranties contained in this Agreement, and other good and
valuable consideration, the Company and the Employee amend and restate the Original Agreement as follows:</FONT></P>
<P align=center>
<B><FONT face="serif">TERMS </FONT></B></P>
<P align=justify>
<B><FONT face="serif"> </FONT></B><FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duties. The Company hereby employs the Employee as President of the Company.  The Employee will have the powers, duties and responsibilities set forth in the Company&#146;s Bylaws and
as from time to time assigned to him by the Company&#146;s Board of Directors or its Chief Executive Officer consistent with such position, and the Employee will report directly to the Chief Executive Officer.  The Employee will devote substantially
all of his business time to faithfully and industriously perform his duties and promote the business and best interests of the Company. The Employee&#146;s duties hereunder are to be performed (subject to travel as may be required in the conduct of
his duties hereunder) at the Company&#146;s corporate headquarters located in Atlanta, Georgia.</FONT></P>
<P align=justify>
<FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation. </FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
2.1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base Salary. During
the term of the Employee&#146;s employment under this Agreement, the Company
will pay the Employee an annual base salary of four hundred fifty thousand dollars
(&#36;450,000.00), payable in
accordance with the Company&#146;s standard payroll practices.</FONT></P>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2.2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bonus Compensation. In addition to his base salary, the Employee will be entitled to earn an annual bonus and/or quarterly bonuses for each calendar year during the term of this Agreement in an amount to be
determined based upon performance criteria and targets established from time to time by the Compensation Committee of the Board of Directors of the Company (the &#147;Compensation Committee&#148;). Unless the Compensation Committee determines
otherwise prior to the end of the first quarter of a given calendar year, the Employee&#146;s target bonus for each calendar year will be equal to one hundred percent (100%) of his annual base salary for such year, with 80% of the target bonus
allocated to achievement of quarterly targets (i.e. 20% per quarter) and 20% allocated to achievement of annual targets. The Employee will also be entitled to any additional bonus and incentive compensation granted to Employee by the Compensation
Committee in its discretion. The timing of determination and the date of payment of the bonus would be consistent with the payment dates for the other senior officers of the Company.</FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
2.3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee Benefits. During the term of his employment
under this Agreement, the Employee will be entitled to participate in all employee
benefit programs, including pension and profit-sharing plans, and any medical,
 health, dental, disability and other insurance programs and any fringe benefits
generally available to other senior employees of the Company. In addition to
such benefits, during the term of this Agreement, the Company will continue to
maintain at  the Company&#146;s cost the supplemental disability insurance policy
that is currently in effect. </FONT></P>
<P align=justify>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">Section 2.4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reimbursement of Expenses.  The Company will reimburse the Employee, in accordance with the Company&#146;s policies, for all reasonable expenses incurred by the Employee in performing his
duties hereunder. Notwithstanding the foregoing, the Company will have no obligation to pay reimbursements under this Section 2.4 unless the Employee submits timely reports of his expenditures to the Company in the manner prescribed by the
Company.</FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
2.5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vacation.  The Employee
will be entitled to four (4) weeks paid vacation annually in accordance with
the Company&#146;s policies.</FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2.6 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile Allowance. During the term of his employment under this Agreement, the Company will pay the Employee a monthly automobile allowance of one thousand dollars (&#36;1,000.00), payable in accordance with the
Company&#146;s standard payroll practices.</FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term of Employment.
Subject to Section 4 hereof, the Employee&#146;s initial term of employment under
this Agreement will begin on the Effective Date and will expire on December 31,
2007. The initial term of employment  will automatically renew for an additional
one-year period upon the foregoing expiration, and thereafter upon the expiration
of any renewal term provided by this Section 3, unless the Company or the Employee
provides written notice to the other  party at least ninety (90) days prior to
the expiration date that such party does not want this Agreement to renew.</FONT></P>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<P align=justify>
<FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination of Employment. </FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automatic Termination. The Employee&#146;s employment hereunder will terminate automatically upon the death of the Employee. </FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination by the Company without Cause or by the Employee with Good Reason.</FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company may terminate the Employee&#146;s employment under this Agreement for &#147;Cause,&#148; which
shall consist of any of the following:</FONT></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td><P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(i)
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the willful and continued failure of the Employee to perform substantially
          his duties with the Company (other than any such failure resulting
          from incapacity due to physical or mental illness, and specifically
          excluding any failure by the Employee, after reasonable efforts, to
          meet performance expectations), after a written demand for substantial
          performance is delivered to he Employee by the Chief Executive Officer
          of the Company which specifically identifies the manner in which the
          Chief Executive Officer of the Company believes that the Employee has
          not substantially performed his duties;</FONT></P>
      <P align=justify> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(ii)
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the willful engaging by the Employee in illegal conduct or gross misconduct
          which has, or reasonably may be expected to have, a substantial, adverse
          effect upon the Company;</FONT></P>
      <P align=justify> <FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)</FONT><FONT face="sans-serif"> </FONT><FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;Employee&#146;s
          violation of any written policy of the Company; </FONT></P>
      <P align=justify> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(iv)
          &nbsp;&nbsp;&nbsp;&nbsp;the Employee&#146;s indictment, conviction,
          or entry of a plea of guilty or nolo contendere for the commission
          or perpetration of any felony or any crime involving dishonesty, embezzlement,
          theft, moral turpitude or fraud;</FONT></P>
      <P align=justify> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(v)
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Employee&#146;s breach of any provision of Section 5 of this Agreement;
          or </FONT></P>
      <P align=justify> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;        the Employee&#146;s breach of any other material term or covenant of
          this Agreement; provided that such breach is not cured, if it is susceptible
          to cure, within thirty (30) days following receipt of notice from the
    Company setting forth the allegations of Cause. </FONT></P></td>
  </tr>
</table>
<P align=justify>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Employee may terminate his employment under this Agreement for &#147;Good Reason,&#148; which
shall consist of any of the following:</FONT></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td>
      <div align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the assignment to the Employee of any duties inconsistent in any respect
          with the Employee&#146;s position (including status, offices, titles
          and reporting requirements), authority, duties or responsibilities
    with the Company or any other </FONT></div></td>
  </tr>
</table>
<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td><P align="justify"><FONT face="serif">action by the Company which results
          in a diminution in such position, authority, duties or responsibilities,
          excluding for this purpose an isolated, insubstantial and inadvertent
          action not taken in bad faith and which is remedied by the Company
          promptly after receipt of notice thereof given by Employee;</FONT></P>
      <P align="justify"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(ii)
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a material reduction in the Employee&#146;s base salary or target bonus
          opportunity without a corresponding adjustment to, or the provision
          by the Company to the Employee of, alternate compensation, having an
          equivalent value, in a different form (including, without limitation,
          cash incentive awards, stock and stock-based awards, or other property);</FONT></P>
      <P align="justify"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(iii)&nbsp;&nbsp;&nbsp;&nbsp;        a
          material breach by the Company of any of the provisions of this Agreement;
        or</FONT></P>
      <P align="justify"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">&nbsp;&nbsp;(iv)
          &nbsp;&nbsp;&nbsp;&nbsp;the Company&#146;s requiring the Employee without
          his consent to be based at any office or location other than the Atlanta,
          Georgia area. </FONT></P></td>
  </tr>
</table>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">However, no such event described hereunder shall constitute Good Reason unless the Employee has given written notice to the Company specifying the event relied upon for such determination within
ninety (90) days after the occurrence of such event and the Company has not remedied such situation within thirty (30) days of receipt of such notice. The Company shall notify the Employee of the timely cure of any claimed event of Good Reason and
the manner in which such cure was effected, and any notice of termination delivered by the Employee based on such claimed Good Reason that has been cured shall be deemed withdrawn and shall not be effective to terminate the Agreement.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any
non-renewal of the term of this Agreement by the Company pursuant to Section
3 hereof, in contemplation of, or within twenty-four (24) months after, a Change
in Control (as defined below)  shall be deemed to constitute a termination by
the Company without Cause as of the expiration of the then-current term of this
Agreement. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Employee&#146;s employment with the Company under this Agreement is terminated
(i) by the Company without Cause either before or after a Change in Control or
(ii) by the Employee with Good  Reason within twenty-four (24) months after a
Change in Control, the Employee will be entitled to receive (A) an amount equal
to his annual base salary through the date of termination (the &#147;Termination
Date&#148;) to the extent not theretofore
paid, (B) a pro rata portion of any quarterly bonus earned by the Employee with
respect to the calendar quarter in which the termination occurs, payable on or
about the same date that bonuses for such calendar quarter are paid to other
executive  officers of the Company, (C) severance pay equal, in the aggregate,
to two hundred percent (200%) of the Employee&#146;s annual base salary in effect
on the Termination Date, and (D) an amount equal to the cost of the Employee&#146;s
COBRA coverage  for eighteen (18) months, determined as of the Termination Date.
Subject to Section 8, if the Employee&#146;s employment with the Company is terminated
by the Company without Cause before a Change in Control or more than twenty-four
(24) months  after a Change in Control, the </FONT></P>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<P align=justify>
<FONT face="serif">amounts in clauses (C) and (D) shall be paid in accordance
with the Company&#146;s payroll practices over the twenty-four (24) month and eighteen
(18) month periods, respectively, following the Termination Date. If, during
the twenty-four (24) months after a Change in Control, the Employee&#146;s employment
with the Company is terminated by the Company without  Cause or by the Employee
with Good Reason, the Employee will be entitled to receive the amounts in clauses
(C) and (D) payable in a lump sum within five (5) business days of the Termination
Date. As a condition to the payment of these severance  amounts, the Employee
will sign a release and waiver of claims in substantially the form set forth
in Exhibit A hereto. </FONT></P>
<P align=justify>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For the purposes of this Agreement, a &#147;Change in Control&#148; shall mean the occurrence of any of the following events: </FONT><B><I><FONT face="serif"> </FONT></I></B></P>
<P align=justify>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An acquisition (other than directly from the Company) of any voting securities of the Company (&#147;Voting Securities&#148;) by any &#147;Person&#148; (as the term person is used for purposes of
Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended (the &#147;1934 Act&#148;)) immediately after which such Person has &#147;Beneficial Ownership&#148; (within the meaning of Rule 13d-3 promulgated under the 1934 Act) of fifty
percent (50%) or more of the combined voting power of the Company&#146;s then outstanding Voting Securities; provided, however, that in determining whether a Change in Control has occurred, Voting Securities that are acquired in an acquisition by
(A) an employee benefit plan (or a trust forming a part thereof) maintained by (I) the Company or (II) any corporation or other person of which a majority of its voting power or its equity securities or equity interests are owned directly or
indirectly by the Company (a &#147;Subsidiary&#148;), or (B) the Company or any Subsidiary, or (C) any Person in connection with a &#147;Non-Control Transaction&#148; (as hereinafter defined), shall not constitute an acquisition for purposes for
this clause (i); or</FONT></P>
<P align=justify>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The individuals who, as of the date of this Agreement, are members of the Board of Directors of the Company (the &#147;Incumbent Board&#148;) cease for any reason to constitute at least sixty
percent (60%) of the Board; provided, however, that if the election, or nomination for election by the Company&#146;s shareholders, of any new director was approved by a vote of at least eighty percent (80%) of the Incumbent Board, such new director
shall for purposes of this Agreement, be considered as a member of the Incumbent Board; provided, further, however, that no individual shall be considered a member of the Incumbent Board if such individual initially assumed office as a result of
either an actual or threatened &#147;Election Contest&#148; (as described in Rule 14a-11 promulgated under the 1934 Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board (a
&#147;Proxy Contest&#148;), including by reason of any agreement intended to avoid or settle any Election Contest or Proxy Contest; or</FONT></P>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<P align=justify>
<FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Approval
by the shareholders of the Company of:</FONT></P>
<P align="left">
<FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a
merger, consolidation or reorganization involving the Company, unless: </FONT></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td><P align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(I)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;        the shareholders of the Company, immediately before such merger, consolidation
        or reorganization, own, directly or indirectly, immediately following
        such a merger, consolidation or reorganization, at least fifty one
        percent (51%) of the combined voting power of the outstanding voting
        securities of the corporation resulting from such merger, consolidation
        or reorganization (the &#147;Surviving Corporation&#148;) in substantially
          the same proportion as their ownership of the Voting Securities immediately
          before such merger, consolidation or reorganization, and</FONT></P>
      <P align="justify"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(II)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;        the individuals who were members of the Incumbent Board immediately
        prior to the execution of the agreement providing for such merger,
        consolidation or reorganization constitute at least two thirds (2/3)
        of the members of the board of directors of the Surviving Corporation.
        (A transaction in which both of clauses (I) and (II) above shall be
        applicable is hereinafter referred to as a &#147;Non-Control Transaction.&#148;);
    or </FONT></P></td>
  </tr>
</table>
<P align="justify">
<FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A complete liquidation or dissolution of the Company; or </FONT></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr valign="middle">
    <td width="4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td width="4%" nowrap><FONT face="serif">(C)</FONT><FONT face="sans-serif">&nbsp; </FONT><FONT face="serif">&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td width="92%"><div align="justify"><FONT face="serif">An agreement for the sale or other disposition of
          all or substantially all of the assets of the Company to any Person (other
    than a transfer to a Subsidiary). </FONT></div></td>
  </tr>
</table>
<P align="justify">
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
4.3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination by the
Employee without Good Reason. The Employee may terminate his employment under
this Agreement without Good Reason by giving the Company at least thirty (30)
days prior written notice. </FONT></P>
<P align="justify">
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
4.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compensation Upon Termination by the Company
for Cause or by the Employee without Good Reason. In the event the Company terminates
the Employee&#146;s employment hereunder for Cause, or if the Employee terminates
 his employment pursuant to Section 4.3, the Company will pay to the Employee
his accrued base salary through the termination date, as well as any earned and
accrued but unpaid bonus compensation.</FONT></P>
<P align="justify">
<FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restrictive Covenants.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">Section 5.1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acknowledgements.  The Employee understands and agrees that, by virtue of the Employee&#146;s position with the Company, the Employee will have substantial impact on the goodwill and
other legitimate business interests of the Company and access to &#148;Confidential Information&#148; and &#147;Trade Secrets&#148; (as
such terms are defined below) relating to the Company and its customers. Employee
hereby acknowledges his responsibility for building and maintaining business
and customer relationships for the </FONT></P>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<P align=justify>
<FONT face="serif">Company and the Company&#146;s significant investment of resources
and money in specialized training and professional development of the Employee
concerning the Company&#146;s unique business services, processes and strategies.
Accordingly, the Employee acknowledges that he will be in a position to have
a  substantial adverse impact on the Company&#146;s business interests should
the Employee engage in activities in violation of the restrictive covenants of
this Section 5. The Employee acknowledges that the Company is materially relying
upon the  Employee&#146;s compliance with the terms of this Section 5 and that
the Employee&#146;s covenants herein are material to the Company&#146;s ongoing
operations. The Employee further acknowledges that the Employee&#146;s adherence
to the restrictive  covenants set forth in this Section 5 is also an important
and substantial part of the consideration that the Company is receiving under
this Agreement and agrees that the term, geographic area and scope of the restrictive
covenants in this Section  5 are reasonably necessary to protect and preserve
the legitimate business interest of the Company and enforceable in all respects.
Employee further acknowledges and agrees the Employee is capable of obtaining
gainful, lucrative and desirable  employment that does not violate the restrictions
contained in this Agreement.</FONT></P>
<P align=justify>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">Section 5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prohibited Activities. During the &#147;Restricted Period&#148; (as defined below), the Employee will not, directly or indirectly, for the Employee&#146;s own account or for or on behalf
of any other person or entity, whether as an owner, operator, officer, director, employee, partner, principal, joint venturer, consultant, investor, shareholder or independent contractor: </FONT></P>
<P align=justify>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-competition.
Participate in the ownership or management of, or provide services, within a
seventy-five (75) mile radius of each location in which the Company conducts &#147;Business&#148; (as
 defined below) within the United Sates on the Effective Date of the Agreement
(the &#147;Territory&#148;), of substantially the same nature or character as
those provided to the Company by the Employee to any business that directly or
indirectly  competes with the Company in the Territory with respect to audio
and data conferencing and Web-based collaboration services and multimedia messaging
(high-volume actionable communications, including e-mail, wireless messaging,
voice message  delivery, SMS messaging and fax) (collectively, the &#147;Business&#148;).
Employee acknowledges and agrees that in connection with his performance of the
duties set forth in Section 1, Employee will be performing services in and have
overall  responsibility, including without limitation management and sales and
marketing responsibility, for each of these office locations.</FONT><B><I><FONT face="serif"> </FONT></I></B><FONT face="serif"> </FONT></P>
<P align=justify>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-solicitation.
Solicit for the purpose of engaging in the Business or competing with the Company
any (i) customers of the Company who were customers of the Company during the
one (1) year  period preceding Employee&#146;s termination and with whom the
Employee had material contact, or (ii) prospective customers of the Company who,
within two (2) years prior to Employee&#146;s termination, had been the subject
of individually targeted  solicitation by Company representatives to become a
customer of the Company and where the Employee supervised and/or participated
in such solicitation activities. For purposes of this Agreement, the Employee
</FONT></P>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<P align=justify>
<FONT face="serif">shall be deemed to have had &#147;material contact&#148; with
a customer if (a) he had business dealings with the customer on the Company&#146;s
behalf; (b) he was responsible for supervising or coordinating the dealings between
the Company and the customer; or (c) he obtained Trade Secrets or Confidential
Information about the customer as a result of his association with the Company.</FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-recruitment.
Solicit or induce, or attempt to solicit or induce, any of the Company&#146;s
employees, agents, consultants, or independent contractors to terminate their
relationship with the Company or to establish a  relationship with a competitor
of the Company of substantially the same nature or character theretofore existing
with respect to the Company.</FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-disparagement.
Speak or act in any manner that is intended to, or does in fact, damage the goodwill
or the business or reputation of the Company.</FONT></P>
<P align=justify>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">For purposes of this Agreement, the Restricted Period will be a period beginning on the Effective Date and continuing for a period of one (1) year after the termination or expiration of the
Employee&#146;s employment hereunder, regardless of the reason for such termination or expiration. The foregoing notwithstanding, the Employee may own as a passive investment less than three percent (3%) of any class of securities registered
pursuant to the 1934 Act of any corporation engaged in competition with the Company pursuant to Section 5.2(a) hereof so long as the Employee does not otherwise (i) participate in the management or operation of any such business, or (ii) violate any
other provision of this Agreement.</FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
5.3.&nbsp;&nbsp;&nbsp;&nbsp; No Interference With Contracts</FONT><I><FONT face="serif">. </FONT></I><FONT face="serif">The
Employee acknowledges his obligation to abide by applicable state laws prohibiting
interference with the Company&#146;s
contracts with third parties, such as improperly seeking to have a third party
terminate or not renew any contractual relationship with the Company.</FONT><B><FONT face="serif"> </FONT></B><FONT face="serif"> </FONT></P>
<P align=justify>
<FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
5.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Confidentiality and Trade Secrets. </FONT></P>
<P align=justify>
<FONT face="serif">  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Employee agrees to maintain in strict confidence, and not use or disclose to
anyone except pursuant to written instructions from the Company, any &#147;Trade
Secret&#148; of the Company, for so long as the pertinent data
or information remains a Trade Secret, provided that the obligation to protect
the confidentiality of any such information or data shall not be excused if such
information or data ceases to qualify as a Trade Secret as a result of the unauthorized
 acts or omissions of the Employee. </FONT></P>
<P align=justify>
<FONT face="serif">  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Employee agrees to maintain in strict confidence and, except as necessary to
perform his duties hereunder, not to use or disclose any &#147;Confidential Information&#148; during
his employment hereunder and for a period  of two (2) years thereafter.</FONT></P>
<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<P align=justify>
<FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upon
termination of the Employee&#146;s employment with the Company, the Employee
shall not retain or destroy and shall return to the Company any and all property
and all business records of the Company and its customers, including, but not
limited to, cell phones, keys, credit and identification cards, computers, files,
personal items or equipment provided to the Employee for his use, together with
all written or recorded materials, contracts, calendars, telephone lists, electronically
stored information, documents, computer disks, plans, records  (including, without
limitation, customer records on computer drives, computer disks or paper), notes
or other materials relating to the Company, its business or its customers, including
all copies thereof, regardless of whether the Employee prepared  them himself
or they were provided to the Employee by the Company or any customer. At all
times, the items listed above shall remain the property of the Company or its
customers. </FONT></font></P><FONT face="serif">
<P align=justify>
<FONT face="serif">  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Employee may disclose Trade Secrets or Confidential Information pursuant to any
order or legal process requiring him (in his legal counsel&#146;s reasonable
opinion) to do so, provided that the Employee shall first have  notified the
Company in writing of the request or order to so disclose the Trade Secrets or
Confidential Information in sufficient time to allow the Company to seek an appropriate
protective order. </FONT></P>
<P align=justify>
<FONT face="serif">  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#147;Trade
Secret&#148; shall mean information that is a trade secret as defined under applicable
law. In the absence of a definition under applicable law, a &#147;Trade Secret&#148; shall
mean any information, without  regard to form, including, but not limited to,
technical or non-technical data, a formula, a pattern, a compilation, a program,
a plan, a device, a method, a technique, a drawing, a process, financial data,
financial plans, product plans, or a list  of actual or potential customers or
suppliers which is not commonly known by, or available to, the public and which
information (i) derives economic value, actual or potential, from not being generally
known to, and not being readily ascertainable  by proper means by, other persons
who can obtain economic value from its disclosure or use, and (ii) is the subject
of efforts that are reasonable under the circumstances to maintain its secrecy.</FONT><B><I><FONT face="serif"> </FONT></I></B></P>
<P align=justify>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">(f) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Confidential
Information&#148; shall mean any nonpublic information of a competitively sensitive
nature, other than Trade Secrets, acquired by the Employee, directly or indirectly,
in  connection with the Employee&#146;s employment, including (without limitation)
oral, written or electronic information concerning the Company, its businesses,
or its customers, suppliers or partners that is not generally known to the public
or the  Company&#146;s competitors and which has value to the Company or its
customers, including, but not limited to the following: information concerning
the Company&#146;s financial position and results of operations (including, but
not limited to,  revenues, margins, EBITDA, net income, assets and liabilities);
annual and long-range business plans and methods; product or service plans; technical
information; inventions; marketing plans and methods, account invoices; training,
educational and  administrative manuals; customer information, including names,
addresses, telephone numbers, customer requirements, and purchase histories; &#147;Customer
Content&#148; (as defined below); </FONT></P>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<P align=justify>
<FONT face="serif">and associate lists. Confidential Information shall not include
any data or information that has been voluntarily disclosed to the public by
the Company (except where such public disclosure has been made by or at the direction
of the Employee without authorization), that has been independently developed
and disclosed by others, or that otherwise enters the public domain through lawful
means. &#147;Customer Content&#148; shall mean any nonpublic information or content
owned by the Company&#146;s customers and disclosed to the Company and/or Employee,
either directly or through the Company&#146;s services, including technical data,
financial information,  proprietary information, business information or information
protected by a confidentiality agreement between the Company and its customers.</FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
5.5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Remedies. In the event
the Employee violates or threatens to violate the provisions of this Section
5, the parties acknowledge and agree that damages at law will be an insufficient
remedy and that the Company will be  entitled to equitable relief in addition
to any other remedies or rights available to the Company, and no bond or security
will be required in connection with such equitable relief. </FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
5.6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Counterclaims. The
existence of any claim or cause of action the Employee may have against the Company
will not at any time constitute a defense to the enforcement by the Company of
the restrictions or rights  provided by this Section 5, but the failure to assert
such claim or cause of action shall not be deemed to be a waiver of such claim
or cause of action. </FONT></P>
<P align=justify>
<FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ownership of Employee&#146;s Work</FONT></P>
<P align=justify>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">Section
6.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Company Ownership
of Inventions, Patents and Copyrights. The Employee hereby assigns, releases
and transfers to the Company and its nominees, successors and assigns the Employee&#146;s
 entire right, title and interest in any idea, invention, improvement, design
of useful article (whether the design is ornamental or otherwise), computer program
and related documentation and other work of authorship, hereafter made or conceived
 solely or jointly by the Employee, or created wholly or in part by the Employee,
whether or not such Inventions are patentable, copyrightable or susceptible to
other forms of protection, where such Inventions (a) relate to the actual or
anticipated  business or research or development of the Company, or (b) are suggested
by or result from any task assigned to the Employee or work performed by the
Employee for or on behalf of the Company (all hereinafter referred to as &#147;Inventions&#148;);
 provided that the restrictions contained in this Section 6 will not apply to
Inventions conceived after the termination of the Employee&#146;s employment
unless they are conceived with the use of Confidential Information or Trade Secrets
of the  Company or facilities, property or personnel of the Company. The Employee
stipulates that any works of authorship prepared by or at the direction of the
Employee in connection with his employment with the Company shall be deemed to
be &#147;works
made for hire&#148; under the United States copyright laws, and owned solely
and exclusively by the Company or its nominees, successors, and assigns. </FONT></P>
<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">Section
    6.2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notice of Inventions and Cooperation.
    The Employee shall promptly disclose in writing to his supervisor any Inventions
    and shall execute specific assignments of title and do anything else reasonably
    necessary to enable the Company to secure, maintain or enforce patent, copyright
or other forms of protection therefor in the United States and in other countries. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">Section 7. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company. For purposes of Sections 5 and 6, &#147;Company&#148; shall include the Company and its affiliated entities. </FONT></P>
<P align=justify>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">Section 8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 409A Compliance. Notwithstanding anything in the Agreement to the contrary, if any amount or benefit that would constitute &#147;deferred compensation&#148; for purposes of Section
409A of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), would otherwise be payable or distributable under the Agreement by reason of the Employee&#146;s separation from service, then </FONT><I><FONT face="serif">if and to the
extent necessary to comply with Section 409A of the Code</FONT></I><FONT face="serif">, the payment or distribution of such amount or benefit will be delayed until the first day following the six (6) month anniversary of the Employee&#146;s
termination of service. On such date, the Company will pay or distribute to the Employee an amount equal to that which the Employee would normally have received during such six (6) month period.  Thereafter, payments and benefits will be paid or
distributed as provided in Section 4.2(d) . </FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compliance With Other
Agreements. The Employee represents and warrants to the Company that he is free
to enter this Agreement and that the execution of this Agreement and the performance
of his obligations under this  Agreement will not, as of the date of this Agreement
or with the passage of time, conflict with, cause a breach of or constitute a
default under any agreement to which the Employee is a party or may be bound. </FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 10. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Severability. Every provision of this Agreement is intended to be severable.  If any provision or portion of a provision is illegal or invalid, then the remainder of this Agreement will not be affected.  Moreover, any
provision of this Agreement which is determined to be unreasonable, arbitrary or against public policy will be modified as necessary so that it is not unreasonable, arbitrary or against public policy. </FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 11. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waiver. A waiver by a party to this Agreement of any breach of this Agreement by the other party will not operate or be construed as a waiver of any other breach or a waiver of the same breach on a future occasion. No
delay or omission by either party to enforce any rights it may have under this Agreement will operate or be construed as a waiver. </FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 12. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendment. This Agreement may not be amended or modified except by a writing signed by both parties.</FONT><FONT face="serif"> </FONT></P>
<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<P align=justify><FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 13. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Headings. The various headings
    contained in this Agreement are inserted only as a matter of convenience
    and in no way define, limit or extend the scope or intent of any of the provisions
of this Agreement. </FONT></P>
<P align=justify> <FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
    14. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Counterparts. This Agreement
    may be executed in several counterparts, each of which will be deemed an
    original, but all of which taken together will constitute one and the same
    instrument. </FONT></P>
<P align=justify><FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 15. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Number and Pronouns. Wherever from the context it appears appropriate, each term stated in either the singular or the plural will include the singular and the plural and pronouns stated in the masculine, feminine or
  neuter gender will include the masculine, feminine and neuter genders. </FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 16. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assignment; Binding Effect. Neither this Agreement nor any right or interest hereunder shall be assignable by either the Employee or the Company without the other party&#146;s prior written consent; provided, however,
that nothing in this Section 16 shall preclude (i) the Employee from designating a beneficiary to receive any benefits payable hereunder upon his death, or (ii) the executors, administrators or other legal representatives of the Employee or his
estate from assigning any rights hereunder to the person or persons entitled thereto. Except as otherwise provided herein, this Agreement will be binding upon and inure to the benefit of the parties hereto and their respective legal representatives,
administrators, executors, successors and assigns. </FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 17. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arbitration.  Any dispute between the parties shall be resolved through binding arbitration conducted by the American Arbitration Association under the rules then in effect. The parties agree that any arbitration
proceeding shall be conducted in Atlanta, Georgia and hereby consent to jurisdiction and venue there. The predominately nonprevailing party, as determined by the arbitrator(s), shall pay the reasonable attorneys&#146; fees and other expenses of the
predominately prevailing party in any such arbitration or resulting litigation.</FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 18. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entire Agreement. With respect to its subject matter, this Agreement constitutes the entire understanding of the parties superseding all prior agreements (including without limitation, any Nondisclosure,
Nonsolicitation &amp; Inventions Agreement), understandings, negotiations and discussions between them, whether written or oral, and there are no other understandings, representations, warranties or commitments with respect thereto except as
embodied herein. </FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 19.  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Governing Law. This Agreement shall be governed by and interpreted in accordance with the substantive laws of the State of Georgia without reference to conflicts of law. </FONT></P>
<P align=justify>
<FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 20. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notices. Any notices or other communications required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given and delivered when delivered in person, two (2) days after being
mailed postage </FONT><BR>
</P>
<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<P align=justify><FONT face="serif">prepaid by certified or registered mail with
    return receipt requested, or when delivered by overnight delivery service
    or by facsimile to the recipient at the following address or facsimile number,
    or to such other address or facsimile number as to which the other party
subsequently shall have been notified in writing by such recipient: </FONT></P>
<blockquote>
  <p><FONT face="serif">If to the Company: </FONT><br>
    <BR>
    <FONT face="serif">Premiere Global Services, Inc.</FONT><BR>
    <FONT face="serif">3399 Peachtree Road<br>
    </FONT><FONT face="serif">The Lenox Building, Suite 700 <br>
    Atlanta, GA 30326<br>
      </FONT><FONT face="serif">Attention: Chief Legal Officer <br>
    Facsimile: (404) 262-8540  </FONT>
  </p>
  <p align="justify">
    <FONT face="serif">If to the Employee: </FONT></p>
  <p align="justify">
    <FONT face="serif">Theodore P. Schrafft <br>
  315 Majestic Cove <br>
  Alpharetta, GA 30004 </FONT></p>
</blockquote>
<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>


<P align=justify>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date. </FONT></P>
<P align=justify>
<FONT face="serif">PREMIERE GLOBAL SERVICES, INC.</FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD align=right>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=5% align=right>
      <div align="left"><FONT face="serif">By:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </div></TD>
	<TD width=31% align=left><div style="border-bottom:1px solid #000000"> <font face="serif">/s/
    Boland T. Jones</font>&nbsp; </div></TD>
    <TD width=64% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center><div align="left"></div></TD>
    <TD align=center> <div align="left"><FONT face="serif">Boland T. Jones</FONT> </div></TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>

	  <div align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</div></TD>
</TR>
<TR valign="bottom">
	<TD align=right>
      <div align="left"><FONT face="serif">Its:</FONT>&nbsp;
      </div></TD>
	<TD align=left>
<FONT face="serif">Chief Executive Officer</FONT>&nbsp;
	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD colspan="3" align=right> <div align="left"><FONT face="serif">EMPLOYEE</FONT></div></TD>
  </TR>
<TR valign="bottom">
  <TD align=right>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD colspan="2" align=right> <div align="left">
    <div style="border-bottom:1px solid #000000"><font face="serif">/s/ Theodore
        P. Schrafft</font>&nbsp; </div>
  </div></TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD colspan="2" align=right> <div align="left"><FONT face="serif">Theodore P. Schrafft</FONT>&nbsp; </div></TD>
  <TD align=left>&nbsp;</TD>
</TR>
</TABLE><BR>

<HR noshade  width="100%" size=4>

</font></BODY>

</HTML>

</TEXT>
</DOCUMENT>
