Exhibit 10.12
Amendment to Employment Agreement
Reference is hereby made to the Executive Employment Agreement dated as of
January 5, 1998 by and between Xxxxx X. Xxxx, an individual resident of Texas,
and Nexstar Broadcasting Group, Inc. (formerly known as Nexstar Group, Inc.), a
Delaware corporation (the "Agreement"). The Agreement is amended as follows:
Xxxxxxxxx 0, Xxxx: The term of the Agreement is hereby extended through
December 31, 2004 (unless earlier terminated as provided in the Agreement).
Paragraph 4(a), Compensation/Salary: During the extended term of the Agreement,
Sook shall be entitled to receive an annual Base Salary (as defined in the
Agreement) at the rate specified below:
Period Base Salary
------ -----------
From July 1, 2001 through December 31, 2001 $150,000
From January 1,2002 through December 31, 2002 $400,000
From January 1, 2003 through December 31, 2003 $415,000
After January 1, 2004 $430,000
Paragraph 4(b), Compensation/Bonus: The following maximum Bonus amounts will be
added to the table set forth in Paragraph 4(b) of the Agreement:
After the 2001 fiscal year $ 75,000
After the 2002 fiscal year $100,000
After the 2003 fiscal year $103,750
After the 2004 fiscal year and each subsequent fiscal year $107,500
All other terms of the Agreement remain in full force and effect.
Agreed, as of May 10, 2001.
/s/ Xxxxx X. Xxxx
------------------------------
Xxxxx X. Xxxx
NEXSTAR BROADCASTING
GROUP, INC.
/s/ Xxx X. Xxxxxxxx
By:___________________________
Vice President
Its:__________________________
