XXXXX BROADCASTING CORPORATION
000 XXXX XXXXXXXX XXXXXX, XXXXX 000
XXXXXXXXX, XXXXXXXX 00000
THIRD AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT
AS OF FEBRUARY 13, 1998
This Third Amendment, to that certain Amended and Restated Employment
Agreement between Xxxxx Broadcasting Corporation ("BBC") and Xxxxxxxx X.
Xxxxx ("Employee") dated February 20, 1995 and as amended as of December 27,
1996 (the "First Amendment") and as of February 6, 1997 (the "Second
Amendment") attached as Exhibit A hereto (collectively, the "Employment
Agreement"), is entered into as of the date first above written (the "Third
Amendment").
All capitalized terms not defined herein shall have the same meaning as
ascribed to such terms in the Employment Agreement.
BBC and Employee mutually agree to amend the Employment Agreement by
deleting the phrase "December 31, 1998" in the second sentence of Section 4.
TERM OF AGREEMENT, as amended by the Second Amendment, and replacing the
deleted phrase with "the later of December 31, 1998 or one (1) year following
the effective date of a "Trigger Event" as such term is defined in that
certain BBC Long Term Incentive Plan, as amended May 31, 1996; provided
however, in the event this agreement would otherwise terminate pursuant to
the foregoing clause and the Company or its stockholders shall have entered
into an agreement contemplating a Trigger Event, the terms of this agreement
shall be extended until the earlier termination of such agreement or the date
one (1) year from the consummation of such agreement."
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 Third Amendment has been duly executed as of
the date first above written.
Xxxxx Broadcasting Corporation,
a Delaware Corporation
By: /s/ Xxxxx X. Xxxx
--------------------------
Xxxxx X. Xxxx
Treasurer
By: /s/ Xxxxxxxx X. Xxxxx
--------------------------
Employee
