September 21, 2018 Gil D. Schwartz c/o CBS Corporation New York, NY 10019 Dear Gil:Separation Agreement • September 27th, 2018 • CBS Corp • Television broadcasting stations • New York
This letter (“Separation Agreement”) is to confirm the terms of your separation from CBS Corporation (“CBS”), effective November 1, 2018 (the “Separation Date”).
Dear Joe: Dated as of September 9, 2018CBS Corp • September 27th, 2018 • Television broadcasting stations
Reference is made to your employment agreement with CBS Corporation (“CBS”), dated as of July 1, 2017 (the “Agreement”). All defined terms used without being defined herein shall have the meanings ascribed to them in the Agreement. This letter agreement confirms and memorializes our understanding of the additional role you have assumed, notwithstanding any provision in the Agreement to the contrary, beginning on September 9, 2018, the date on which the CBS Board of Directors (the “Board”) determined that Mr. Moonves would cease to perform services as the Chairman, President and Chief Executive Officer of CBS (the “Start Date”). The provisions of this letter agreement shall be effective as of the Start Date.
