KOLN/KGIN, INC.
000 XXXX XXXXXXXX XXXXXX, XXXXX 000 XXXXXXXXX, XXXXXXXX 00000
Phone: 000-000-0000 Facsimile: 000-000-0000
FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT
AS OF FEBRUARY 6, 1997
This First Amendment, to that certain Amended and Restated Employment
Agreement between Xxxxx Broadcasting Corporation ("BBC") and Xxxxx Xxxxx
("Employee") dated February 20, 1995 attached as Exhibit A hereto (the
Employment Agreement"), is entered into as of the date first above written
(the "First Amendment").
All capitalized terms not defined herein shall have the same meaning as
ascribed to such terms in the Employment Agreement.
Employee acknowledges that the Employment Agreement was assigned by BBC
to its wholly-owned subsidiary KOLN/KGIN, Inc., a Delware corporation, (the
"Company") on October 20, 1995, that the Company assumed all rights and
obligations of BBC under the Employment Agreement and that BBC has no futher
obligations under the Employment Agreement.
The Company and Employee mutually agree to amend the Employment
Agreement by deleting the phrase "December 31, 1997" in the second sentence
of Section 4. TERM OF AGREEMENT and replacing the deleted phrase with
"December 31, 1998" and providing for an annual base salary for the 1998
calendar year by inserting into Section 3. Annual Base Salary of Exhibit A to
the Employment Agreement the phrase "and $174,212 from January 1, 1997
through December 31, 1997;".
All other terms and conditions of the Employment Agreement will remain
in full force and effect and are hereby restated, confirmed and ratified.
IN WITNESS WHEREOF, this First Amendment has been duly executed as of
the date first above written.
KOLN/KGIN, Inc
a Delaware Corporation
By: /s/Xxxxx X. Xxxx
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Xxxxx X. Xxxx
V.P.-CFO
By: /s/Xxxxx Xxxxx
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Employee
