KOLN/KGIN, INC.
000 XXXX XXXXXXXX XXXXXX, XXXXX 000 XXXXXXXXX, XXXXXXXX 00000
SECOND AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT
AS OF FEBRUARY 13, 1998
This Second Amendment, to that certain Amended and Restated Employment
Agreement between Xxxxx Broadcasting Corporation ("BBC") and Xxxxx Xxxxx
("Employee") dated February 20, 1995 and amended as of February 6, 1997 (the
"First Amendment") both attached as Exhibit A hereto (collectively, the
"Employment Agreement"), is entered into as of the date first above written
(the "Second Amendment").
All capitalized terms not defined herein shall have the same meaning as
ascribed to such terms in the Employment Agreement.
The Company and Employee mutually agree to amend the Employment
Agreement by deleting the phrase "December 31, 1998" in the second sentence
of Section 4. TERM OF AGREEMENT, as amended by the First Amendment, and
replacing the deleted phrase with "the later of December 31, 1998 or one (1)
year following the effective date of a "Trigger Event" as such term is
defined in that certain BBC Long Term Incentive Plan, as amended May 31,
1996; provided however, in the event this agreement would otherwise terminate
pursuant to the foregoing clause and the Company or its stockholders or BBC
or its stockholders shall have entered into an agreement contemplating a
Trigger Event, the terms of this agreement shall be extended until the
earlier termination of such agreement or the date one (1) year from the
consummation of such agreement."
All other terms and conditions of the Employment Agreement will remain
in full force and effect and are hereby restated, confirmed and ratified.
IN WITNESS WHEREOF, this Second Amendment has been duly executed as of
the date first above written.
KOLN/KGIN, Inc.
a Delaware Corporation
By: /s/ Xxxxx X. Xxxx
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Xxxxx X. Xxxx
V.P. - CFO
By: /s/ Xxxxx Xxxxx
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Employee
