EXHIBIT 10.14
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT, DATED AS OF DECEMBER 6, 2000, BETWEEN
TELEMUNDO NETWORK GROUP LLC AND XXXXX X. XXXXXXXX
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT (this "Amendment"), dated as of
September __, 1999, between TELEMUNDO NETWORK GROUP LLC, a Delaware limited
liability company (the "Company"), and XXXXX X. XxXXXXXX ("Employee").
WHEREAS, Company and Employee are parties to that certain Employment
Agreement dated as of July 7, 1999 (the "Agreement").
WHEREAS, Company and Employee wish to amend the Agreement by this
Amendment.
NOW, THEREFORE, the parties hereto agree as follows:
1. All terms used herein but not defined shall have the meanings given
in the Agreement.
2. Paragraph 3(c)(i)(J) of the Agreement is hereby amended and restated
to read in full as follows:
(J) "Network Group Contributed Capital Amount" means the
aggregate amount of net equity capital contributions of the Members to the
Company made on or after July 1, 1999.
3. Paragraph 3(c)(i)(N) of the Agreement is hereby amended and restated
to read in full as follows:
(N) "Station Group Contributed Capital" means the aggregate
amount of net equity capital contributions of the Members to Station Group made
on or after July 1, 1999.
4. Effect of Amendment. Except as expressly modified herein, all of the
terms of the Agreement remain in full force and effect.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement or
caused it to be executed on their behalf as of the date first above written.
TELEMUNDO NETWORK GROUP LLC
By: /s/ Xxxx Xxxxx
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Xxxx Xxxxx
Chief Operating Officer
/s/ Xxxxx X. XxXxxxxx
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Xxxxx X. XxXxxxxx
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