EXHIBIT 10.24
AMENDMENT NO. 3 TO EMPLOYMENT AGREEMENT
ENTERED INTO ON JANUARY 1, 1995 BY AND BETWEEN
UNIVISION TELEVISION GROUP, INC. AND XXXXXX XXXXX, AS AMENDED ON
JANUARY 31, 1996, AND FURTHER AMENDED ON JANUARY 1, 1997 (THE "EMPLOYMENT
AGREEMENT")
December 22, 1997
To: Xx. Xxxxxx Xxxxx
c/o Univision Television Group, Inc. ("UTG")
Dear Xxxxxx:
Your Employment Agreement became effective on January 1, 1995 and will
expire on December 31, 1999 (the "Term"). UTG desires to extend the Term for
an additional one year period. You and we hereby agree to amend the
Employment Agreement as follows:
1. TERM. The Term is hereby extended for an additional one year period.
The Employment Agreement shall expire on December 31, 2000, unless earlier
terminated in accordance with the terms set forth in the Employment Agreement.
2. SALARY. Your Base Salary for calendar years 1998 and 1999 shall
continue at the annual rate of Five Hundred Fifty Thousand Dollars
($550,000), as provided in the second amendment to the Employment Agreement.
Your annual Base Salary rate in calendar year 2000 shall be Five Hundred
Fifty Thousand Dollars ($550,000).
3. OTHER. Except as provided in this Amendment No. 3, all other terms
and conditions set forth in the Employment Agreement shall remain in full
force and effect, and the parties hereby ratify and confirm the Employment
Agreement, as amended.
4. EFFECTIVE DATE OF AMENDMENT NO. 3. Upon its execution by you and UTG,
this Amendment No. 3 shall become effective as of the date first written
above.
Please indicate your agreement to this Amendment No. 3 to the
Employment Agreement by signing this letter amendment in the space provided
below.
UNIVISION TELEVISION GROUP, INC.
By: /s/ XXXXXX X. XXXXXX
---------------------------
Xxxxxx X. Xxxxxx
Vice President
I have read the preceding Amendment No. 3 and agree to its terms and
conditions:
/s/ XXXXXX XXXXX
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Xxxxxx Xxxxx
