EXHIBIT 10.03.02
FIRST AMENDMENT TO
EMPLOYMENT CONTRACT
This First Amendment to Employment Contract is entered into this 22nd day of
April, 1996, between SALEM COMMUNICATIONS CORPORATION, a California corporation
("Company"), and XXXX XXXXXXXXX ("Employee").
WITNESSETH:
WHEREAS, Company and Employee entered into a contract for the employment of
Employee by Company on November 7, 1991 (the "Agreement"); and
WHEREAS, the parties desire to amend the Agreement.
NOW THEREFORE, for valuable consideration, the receipt of which is hereby
acknowledged, the parties agree as follows:
1. Article II of the Agreement is hereby amended to provide that the term
of Employee's employment by the Company shall, subject to early
termination as provided therein, continue through December 31, 1998.
2. Section 3.1 of the Agreement is hereby amended to provide that the
annual base salary of Employee shall be as follows:
Calendar year 1996.... $255,000
Calendar year 1997.... $270,000
Calendar year 1998.... $285,000
3. Except as specifically amended herein, all terms and conditions of the
Agreement shall remain in full force and effect.
Executed as of the date first above written.
SALEM COMMUNICATIONS CORPORATION
By: /s/ Xxxxxx X. Xxxxxxxx III
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Xxxxxx X. Xxxxxxxx III, President
/s/ Xxxx Xxxxxxxxx
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Xxxx Xxxxxxxxx
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