Exhibit 10(bb)
THE SUMMIT MEDIA GROUP, INC.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
As of January 1, 1997
Xx. Xxxxxxx Xxxxxx
00 Xxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Xx. Xxxxxx:
This is to confirm our agreement that, effective as of January 1, 1997,
the Employment Agreement between us dated as of January 1, 1995 (the
"Agreement") is amended as follows:
1. Section 1.01 of the Agreement is hereby deleted in its entirety and the
following substituted therefor:
1.01 Term. Company hereby employs Executive, and Executive
hereby accepts employment with Company with the duties hereinafter set
forth, for a period commencing on January 1, 1995 and ending December
31, 2000 subject, however, to earlier termination in accordance with
the provisions of this Agreement. This Agreement shall automatically
renew on a year-to-year basis unless terminated by either party hereto
giving written notice to the other at least 90 days prior to December
31, 2000 or any December 31 thereafter.
2. In all other respects, the Agreement shall continue in full force and
effect in accordance with its original terms.
If the foregoing sets forth a correct statement of our agreement,
please sign the duplicate hereof in the place indicated and return it to us.
Sincerely,
THE SUMMIT MEDIA GROUP, INC.
By
Xxxxxx X. Xxxx, Chairman
ACCEPTED AND AGREED:
Xxxxxxx Xxxxxx
