Common use of Ongoing Grants Clause in Contracts

Ongoing Grants. For each year during the Term, Executive shall be granted a combination of restricted stock units in respect of the Company’s Class A common stock (“RSUs”), performance share units in respect of the Company’s Class A common stock (“PSUs”) and nonqualified stock options in respect of the Company’s Class A common stock (“Options”) (valued in accordance with Black-Scholes or similar binomial option-pricing model), such awards having an aggregate fair value equal to $1,000,000 (based on the fair market value of the Company’s common stock on the date of grant). The equity award each year shall be divided among the three types of awards as follows: RSUs — 30%; PSUs — 40%; and Options — 30%. The exercise price for each Option granted under this Section 3(c)(i) shall be the fair market value of the Company’s Class A common stock as of the date of their grant. Each grant of Options and RSUs shall vest in equal annual installments over four years. All or a portion of each grant of PSUs shall vest at the end of a three year performance period relating to the grant. The Compensation Committee shall establish the PSU performance criteria in good faith and in consultation with the Executive. Executive acknowledges that on February 8, 2016, the Company granted him the RSUs and Options required under this Agreement in respect of the 2016 calendar year, and the PSUs required in respect of the 2016 calendar year will be granted to him after the Stockholder Approval (as defined below) is obtained. The RSUs, PSUs and Options granted under this Section 3(c)(i) shall be subject to such other terms as set forth in the applicable grant agreement and in the underlying equity plan as adopted by the Company in good faith consultation with Executive.

Ongoing Grants. For Beginning in 2016 and with respect to each subsequent year during of the Term, Executive shall be granted a combination of restricted stock units in respect of the Company’s Class A common stock (“RSUs”), performance share units in respect of the Company’s Class A common stock (“PSUs”) and nonqualified stock options in respect of the Company’s Class A common stock (“Options”) (valued in accordance with Black-Scholes or similar binomial option-pricing model), such awards having an aggregate fair value value, each year, equal to $1,000,000 (based on the fair market value of the Company’s Class A common stock on the date of grant). The equity award each year shall be divided among the three types of awards as follows: RSUs — - 30%; PSUs — - 40%; % and Options — - 30%. The exercise price for each Option granted under this Section 3(c)(i) grant of Options shall be the fair market value of the Company’s Class A common stock as of the date of their grant. Each grant of Options and RSUs shall vest in equal annual installments over four (4) years. All or a portion The Compensation Committee of each grant the Board of PSUs Directors of the Company shall vest at establish the end of a three year PSU performance criteria, including the performance period relating to the grant. The Compensation Committee shall establish the PSU performance criteria in good faith and in consultation with the Executive. Executive acknowledges that on February 8, 2016, the Company granted him the RSUs and Options required under this Agreement in respect of the 2016 calendar year, and the PSUs required in respect of the 2016 calendar year will be granted to him after the Stockholder Approval (as defined below) is obtained. The RSUs, PSUs and Options granted under this Section 3(c)(i) shall be subject to such other terms as set forth in the applicable grant agreement and in the underlying equity plan as adopted by the Company. Executive acknowledges that on February 14, 2017, the Company granted Executive the RSUs, PSUs and Options required under this Agreement in good faith consultation with Executiverespect of the 2017 calendar year.

Ongoing Grants. For Beginning in 2016 and with respect to each subsequent year during of the Term, Executive shall be granted a combination of restricted stock units in respect of the Company’s Class A common stock (“RSUs”), performance share units in respect of the Company’s Class A common stock (“PSUs”) and nonqualified stock options in respect of the Company’s Class A common stock (“Options”) (valued in accordance with Black-Scholes or similar binomial option-pricing model), such awards having an aggregate fair value value, each year, equal to $1,000,000 (based on the fair market value of the Company’s Class A common stock on the date of grant). The equity award each year shall be divided among the three types of awards as follows: RSUs — – 30%; PSUs — – 40%; % and Options — – 30%. The exercise price for each Option granted under this Section 3(c)(i) grant of Options shall be the fair market value of the Company’s Class A common stock as of the date of their grant. Each grant of Options and RSUs shall vest in equal annual installments over four (4) years. All or a portion The Compensation Committee of each grant the Board of PSUs Directors of the Company shall vest at establish the end of a three year PSU performance criteria, including the performance period relating to the grant. The Compensation Committee RSUs, PSUs and Options shall establish be subject to such other terms as set forth in the PSU performance criteria in good faith applicable grant agreement and in consultation with the Executiveunderlying equity plan as adopted by the Company. Executive acknowledges that on February 8, 2016, the Company granted him Executive the RSUs and Options required under this Agreement in respect of the 2016 calendar year, and the PSUs required in respect of the 2016 calendar year will be granted to him Executive after the Stockholder Approval (as defined below) is obtained. The RSUs, PSUs and Options granted under this Section 3(c)(i) shall be subject to such other terms as set forth in the applicable grant agreement and in the underlying equity plan as adopted by the Company in good faith consultation with Executive.

Ongoing Grants. For each year during the Term, Executive shall be granted a combination of restricted stock units in respect of the Company’s Class A common stock (“RSUs”), performance share units in respect of the Company’s Class A common stock (“PSUs”) and nonqualified stock options in respect of the Company’s Class A common stock (“Options”) (valued in accordance with Black-Scholes or similar binomial option-pricing model), such awards having an aggregate fair value equal to $1,000,000 850,000 (based on the fair market value of the Company’s Class A common stock on the date of grant). The equity award each year shall be divided among the three types of awards as follows: RSUs — - 30%; PSUs — - 40%; and Options — - 30%. The exercise price for each Option granted under this Section 3(c)(i) shall be the fair market value of the Company’s Class A common stock as of the date of their grant. Each grant of Options and RSUs shall vest in equal annual installments over four years. All or a portion of each grant of PSUs shall vest at the end of a three year performance period relating to the grant. The Compensation Committee shall establish the PSU performance criteria in good faith and in consultation with the Executive. Executive acknowledges that on February 8, 2016, the Company granted him the RSUs and Options required under this Agreement in respect of the 2016 calendar year, and the PSUs required in respect of the 2016 calendar year will be were granted to him after the Stockholder Approval (as defined below) is obtainedon May 5, 2016. The RSUs, PSUs and Options granted under this Section 3(c)(i) shall be subject to such other terms as set forth in the applicable grant agreement and in the underlying Tribune Media Company 2016 Incentive Compensation Plan or any successor equity plan as adopted by the Company in good faith consultation with ExecutiveCompany.

Ongoing Grants. For each year during the Term, Executive shall be granted a combination of restricted stock units in respect of the Company’s Class A common stock (“RSUs”), performance share units in respect of the Company’s Class A common stock (“PSUs”) and nonqualified stock options in respect of the Company’s Class A common stock (“Options”) (valued in accordance with Black-Scholes or similar binomial option-pricing model), such awards having an aggregate fair value equal to $1,000,000 (based on the fair market value of the Company’s common stock on the date of grant). The equity award each year shall be divided among the three types of awards as follows: RSUs — - 30%; PSUs — - 40%; and Options — - 30%. The exercise price for each Option granted under this Section 3(c)(i) shall be the fair market value of the Company’s Class A common stock as of the date of their grant. Each grant of Options and RSUs shall vest in equal annual installments over four years. All or a portion of each grant of PSUs shall vest at the end of a three year performance period relating to the grant. The Compensation Committee shall establish the PSU performance criteria in good faith and in consultation with the Executive. Executive acknowledges that on February 814, 2016, 2017 the Company granted him the RSUs RSUs, PSUs and Options required under this Agreement in respect of the 2016 2017 calendar year, and the PSUs required in respect of the 2016 calendar year will be granted to him after the Stockholder Approval (as defined below) is obtained. The RSUs, PSUs and Options granted under this Section 3(c)(i) shall be subject to such other terms as set forth in the applicable grant agreement and in the underlying equity plan as adopted by the Tribune Media Company in good faith consultation with Executive2016 Incentive Compensation Plan.