Exhibit 10.20
TO: Xxxxxxx X. Xxxxx
FR: Xxxxx X. Xxxx
RE: 2nd Amendment to Your Employment Agreement
DA: 2/6/02
This memorandum will serve as the second addendum to your employment
agreement with Nexstar Broadcasting Group, Inc., dated January 5, 1999.
Section 2., Term of Employment, is hereby extended through February 28,
2005.
Section 4(a), Base Salary, is hereby amended as follows:
From March 1, 2002 through February 28, 2003 your base salary will
be $100,000.
From March 1, 2003 through February 28, 2004 your base salary will
be $110,000.
From March 1, 2004 through February 28, 2005 your base salary will
be $120,000.
Section 4(b) Bonus, is hereby amended to reflect annual bonus targets as
follows
After the 2002 Fiscal Year: $10,000.
After the 2003 Fiscal Year: $15,000.
After the 2004 Fiscal Year: $20,000.
All other terms and conditions of your employment agreement remain in full
force and effect.
Sincerely,
/s/ Xxxxx X. Xxxx
Xxxxx X. Xxxx
[NEXSTAR LOGO APPEARS HERE]
000 Xxxxxxxx Xxxxxxxxx Xxxx, Xxxxx 000 Xxxxxx Xxxxxx, XX 00000
(000)000-0000 fax (000)000-0000
Accepted and Agreed
/s/ Xxxxxxx X. Xxxxx
__________________________________
Xxxxxxx X. Xxxxx
Vice President -- Finance and Secretary
