AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
The Executive Employment Agreement entered into on August 21, 2017 by and between Xxxx Xxxxxxxxx and Tribune Interactive, LLC (“Agreement”) is hereby amended in the following manner:
1. A new subsection (f) is added to Section 8 of the Agreement as follows:
(f) Notwithstanding the preceding and without limitation on Section 9, if the review and revocation period for the Waiver following Executive’s termination of employment by the Company without Cause occurs in calendar year 2019, the aggregate amount set forth in Section 8(c)(x) shall be paid in substantially equal installments as salary continuance throughout the remainder of calendar year 2019 (with such payments commencing on the first payroll at least 5 business days after the revocation period for the Waiver expires) rather than in a lump sum and the Executive shall continue to vest in equity awards through the end of calendar year 2019 as though the Executive had continued in employment through the end of calendar year 2019.
2. In all other respects the Agreement, as amended, shall continue in effect.
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Xxxx Xxxxxxxxx |
Tribune Interactive, LLC | ||
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/s/ Xxxx Xxxxxxxxx |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx | ||
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Its: Secretary | ||
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Date: January 17, 2019 |
Date: January 17, 2019 | ||
