Employment Agreement Dear Mr. Ratner: This letter will confirm the terms of your employment by Cablevision Systems Corporation (the "Company").Employment Agreement • August 12th, 2003 • Consolidated Edison Inc • Electric & other services combined • New York
You shall continue to be employed as Vice Chairman through December 31, 2006, with possible one-year extensions as provided below. You agree to devote substantially all of your business time and attention to the business and affairs of the Company. Subject to such continuing rights as each party may have hereunder, either you or the Company may terminate your employment hereunder at any time. Your employment term will automatically be extended for additional one-year periods effective as of December 31, 2004 (i.e., to December 31, 2007), 2005 (i.e., to December 31, 2008) and 2006 (i.e., to December 31, 2009) unless either party notifies the other in writing of its election not to extend by the preceding October 31.
