RECITALSCredit Agreement • March 31st, 1999 • Granite Broadcasting Corp • Television broadcasting stations • New York
EXHIBIT 10.38 February 18, 1999 Robert E. Selwyn, Jr. Granite Broadcasting Corporation 400 North Ridge Road Suite 890 Atlanta, Georgia 30350 Dear Bob: This is to confirm our agreement to extend the term of your Employment Agreement dated January 24,...Employment Agreement • March 31st, 1999 • Granite Broadcasting Corp • Television broadcasting stations
This is to confirm our agreement to extend the term of your Employment Agreement dated January 24, 1997 until January 31, 2003. During the twelve months ended January 31, 2003, you will continue as a Granite employee under the terms of the employment agreement with a commitment to work as a backup to a new chief operating officer on a part-time basis. Your compensation and benefits would be adjusted on a pro-rata basis, or as we mutually agree, to reflect the reduced working hours.
