0000950137-08-003353 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 6th, 2008 • Emmis Communications Corp • Radio broadcasting stations • Indiana

This EMPLOYMENT AGREEMENT (“Agreement”) is effective as of March 1, 2008, by and between EMMIS OPERATING COMPANY, an Indiana company (“Employer”), and JEFFREY H. SMULYAN, an Indiana resident (“Executive”).

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March 1, 2008 Patrick Walsh c/o Emmis Communications Corporation 40 Monument Circle, Suite 500 Indianapolis, IN 46204 Re: Amendment to Employment Agreement Dear Pat:
Emmis Communications Corp • March 6th, 2008 • Radio broadcasting stations

This letter shall confirm our agreement to amend your employment agreement with Emmis Operating Company dated September 4, 2006, (the “Agreement”), upon the terms and subject to the conditions set forth in this letter (the “Amendment”). Any capitalized words or phrases used and not defined in this Amendment shall have the meanings ascribed to them in the Agreement. This shall confirm that the parties have agreed as follows:

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