CLEAR CHANNEL OUTDOOR HOLDINGS, INC. STOCK OPTION AGREEMENTStock Option Agreement • February 14th, 2011 • Clear Channel Outdoor Holdings, Inc. • Services-advertising • Delaware
THIS STOCK OPTION AGREEMENT (the “Agreement”), made as of the 13th day of December, 2010 (the “Grant Date”) by and between Clear Channel Outdoor Holdings, Inc., a Delaware corporation (the “Company”), and William Eccleshare (the “Optionee”), evidences the grant by the Company of an Option to purchase shares of the Company’s common stock, $.01 par value (the “Common Stock”) to the Optionee on such date and the Optionee’s acceptance of this Option in accordance with the provisions of the Clear Channel Outdoor Holdings, Inc. 2005 Stock Incentive Plan (the “Plan”). The Company and the Optionee agree as follows:
CLEAR CHANNEL OUTDOOR HOLDINGS, INC. RESTRICTED STOCK UNIT AWARD AGREEMENTRestricted Stock Unit Award Agreement • February 14th, 2011 • Clear Channel Outdoor Holdings, Inc. • Services-advertising • Delaware
THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”), made as of this 20th day of December, 2010 (the “Grant Date”) by and between Clear Channel Outdoor Holdings, Inc., a Delaware corporation (the “Company”), and William Eccleshare (the “Grantee”), evidences the grant by the Company of an award of restricted stock units (the “Award”) to the Grantee on such date and the Grantee’s acceptance of the Award in accordance with the provisions of the Clear Channel Outdoor Holdings, Inc. 2005 Stock Incentive Plan, as amended and restated (the “Plan”). All capitalized terms not defined herein shall have the meaning ascribed to them as set forth in the Plan. The Company and the Grantee agree as follows:
CLEAR CHANNEL OUTDOOR HOLDINGS, INC. 2005 STOCK INCENTIVE PLAN, AS AMENDED AND RESTATED STOCK OPTION AGREEMENTStock Option Agreement • February 14th, 2011 • Clear Channel Outdoor Holdings, Inc. • Services-advertising • Delaware
Where ‘X’ is the Option Price at the relevant Grant Date and for the avoidance of doubt where X is greater than 44, the amount of 2,200,000 shall not be divided. Where any amount is to be converted into or from US dollars for the purposes of the formula above, it shall be converted using an exchange rate of US$1.49:£1
SEVERANCE AGREEMENT AND GENERAL RELEASESeverance Agreement • February 14th, 2011 • Clear Channel Outdoor Holdings, Inc. • Services-advertising • Arizona
This Severance Agreement and General Release (“Agreement”) is made and entered into by David Clark, Employee ID No.: 1055662 (hereinafter referred to as “Employee”), and Clear Channel Outdoor, Inc., in full and final settlement of any and all claims Employee may have or hereafter claim to have against Clear Channel Outdoor, Inc. and all of its past, present and future parents, subsidiaries and affiliates and their employees, officers, directors, agents, insurers and legal counsel (hereinafter referred to as “Company”).
EMPLOYMENT AGREEMENTEmployment Agreement • February 14th, 2011 • Clear Channel Outdoor Holdings, Inc. • Services-advertising • Texas
This Employment Agreement (“Agreement”) is between Clear Channel Outdoor Holdings, Inc. (“CCOH” or “Company”) and Ronald Cooper (“Employee”).
