Bright Mountain Media, Inc.Bright Mountain Media, Inc. • February 10th, 2023 • Services-computer programming services
Reference is hereby made to that certain Employment Agreement dated April 1, 2020 by and between Bright Mountain Media, Inc. (the “Company”) and W. Kip Speyer (“Speyer” and collectively with the Company, the “Parties”). Notwithstanding anything contained in the Employment Agreement to the contrary, the Parties mutually agree that the term of the Employment Agreement shall expire on April 1, 2023. As of such date, no further compensation shall be payable to Speyer thereunder. Speyer shall continue as Chairman of the Company thereafter as an employee “at will” performing the same services or tasks on behalf of the Company as previously performed for an annual salary of $1. To the extent permissible under applicable laws and under the Company’s applicable health, dental and vision policies, the Company shall offer Speyer the same type of health, dental or vision policy coverage he previously carried through the Company (subject to any changes made by the Company but offered to all other e
