Re: Employment Agreement Amendment
EXECUTION COPY
April 27, 2018
Xxxx Xxxxxx
Address on file with the Company
Re: | Employment Agreement Amendment |
Dear Xxxx:
This letter confirms our recent discussions regarding certain changes to your Employment Agreement, dated October 16, 2017, with Townsquare Media, Inc. (the “Company”). Except as otherwise set forth herein, the terms and conditions of your Employment Agreement will be unaffected by this letter. Capitalized terms used but not defined herein will have the meaning set forth in your Employment Agreement.
• | Base Salary. Effective immediately, your Base Salary will increase to $1,000,000. |
• | Annual Bonus. Your annual cash bonus for each of the Company’s 2018 and 2019 fiscal years will be no less than your Target Bonus. |
* * *
We are looking forward to your continued leadership.
[Signature Page Follows]
/s/ Xxxxx Xxxxx | ||
By: Xxxxx Xxxxx | ||
Title: Chair, Compensation Committee | ||
ACCEPTED AND AGREED: | ||
/s/ Xxxx Xxxxxx | ||
Xxxx Xxxxxx | ||
Signature Page to Employment Agreement
