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EXHIBIT 10.52
AMENDMENT, dated as of February 1, 1998, between Ticketmaster Ticketing
Co., Inc. (the "Company"), and Xxx Xxxxxx ("Executive").
W I T N E S S E T H:
WHEREAS, Ticketmaster Group, Inc. ("Group") and Executive are parties to
that certain Employment Agreement, dated as of February 1, 1994 (the
"Agreement"), relative to Executive's employment by the Company; and
WHEREAS, Group assigned the Agreement to Company, an affiliate of Group,
pursuant to Section 11(g) of the Agreement and the Company and Executive have
agreed to make certain amendments to the Agreement;
NOW, THEREFORE, in consideration of the premises, the mutual covenants
and agreements contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby mutually acknowledged, the parties
hereto agree as follows:
1. DEFINITIONS. Terms defined in the Agreement shall have the same
meaning when used in this Amendment, unless the context requires otherwise.
2. EXTENSION OF THE TERM. The term of the Agreement is hereby extended
for a period of three (3) additional years, commencing on February 1, 1999 and
ending on January 31, 2002 (the "Extension Period"), subject to early
termination as provided in the Agreement.
3. BASE SALARY AMOUNT DURING EXTENSION. The Base Salary Amount during
each of the first, second and third Contract Years of the Extension Period shall
be $175,000, $182,500 and $190,000 per annum, respectively.
4. ANNUAL PERFORMANCE BONUSES. The $30,000 minimum bonus set forth in
the last sentence of Section 6(b) of the Agreement shall be increased to $35,000
for each Contract Year of the Extension Period.
5. POSITION AND DUTIES. As of the date hereof, Executive's position and
duties shall be changed from Vice President-Administration to Executive Vice
President/Office of the President of the Company and General Manager of Northern
California Operations for Ticketmaster-California. Such change shall be made in
all relevant places where Executive's title and position are stated in the
Agreement.
6. CONTINUED EFFECTIVENESS OF AGREEMENT. Except as expressly set forth
herein, the Agreement shall continue in full force and effect in accordance with
its terms and provisions thereof; provided, however, Section 3 and Subsection
6(g) of the Agreement are hereby deleted in their entirety.
IN WITNESS WHEREOF, the Company and Executive have executed this
Agreement effective as of the date and year first written above.
By: Ticketmaster Ticketing Co., Inc.,
a Delaware corporation
By:
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Title:
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Xxx Xxxxxx, an individual
