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EXHIBIT 10.49
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
AMENDMENT, dated as of September ___, 1997, between Ticketmaster
Corporation (the "Company"), and Xxxx X. Black ("Executive").
W I T N E S S E T H:
WHEREAS, the Company and Executive are parties to that certain
Employment Agreement, dated as of March 1, 1995 (the "Agreement"), relative to
Executive's employment by the Company; and
WHEREAS, the Company and Executive have agreed to make certain
amendments to the Agreement;
NOW, THEREFORE, in consideration of the premises, the mutual covenants
and agreements contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby mutually acknowledged, the parties
hereto agree as follows:
1. DEFINITIONS. Terms defined in the Agreement shall have the same
meaning when used in this Amendment, unless the context requires otherwise.
2. EXTENSION OF THE TERM. The term of the Agreement is hereby extended
for a period of three (3) additional years, commencing on March 1, 1998 and
ending on February 28, 2001 (the "Extension Period").
3. BASE SALARY AMOUNT DURING EXTENSION. The Base Salary Amount during
the first, second and third Contract Years of the Extension Period shall be
$275,000, $285,000 and $300,000, respectively, per annum.
4. CONTINUED EFFECTIVENESS OF AGREEMENT. Except as expressly set forth
herein, the Agreement shall continue in full force and effect in accordance with
its terms and provisions thereof.
IN WITNESS WHEREOF, the Company and Executive have executed this
Agreement effective as of the date and year first written above.
By: Ticketmaster Corporation,
a Illinois corporation
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By:
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Title:
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Xxxx X. Black, an individual
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