Attached files

file filename
10-Q - Q3 2009 10Q - LIN TELEVISION CORPform10q.htm
EX-32.1 - 906 CERTIFICATION OF CEO AND CFO FOR LIN TV CORP - LIN TELEVISION CORPexhibit321.htm
EX-10.3 - AMENDMENT TO EMPLOYMENT AGREEMENT DENISE M. PARENT - LIN TELEVISION CORPexhibit103.htm
EX-10.6 - AMENDMENT TO EMPLOYMENT AGREEMENT NICHOLAS N. MOHAMED - LIN TELEVISION CORPexhibit106.htm
EX-31.1 - 302 CERTIFICATION OF CEO FOR LIN TV CORP - LIN TELEVISION CORPexhibit311.htm
EX-10.4 - AMENDMENT TO EMPLOYMENT AGREEMENT RICHARD SCHMAELING - LIN TELEVISION CORPexhibit104.htm
EX-31.2 - 302 CERTIFICATION OF CFO FOR LIN TV CORP - LIN TELEVISION CORPexhibit312.htm
EX-31.3 - 302 CERTIFICATION OF CEO FOR LIN TELEVISION CORPORATION - LIN TELEVISION CORPexhibit313.htm
EX-10.1 - AMENDMENT TO EMPLOYMENT AGREEMENT VINCENT L. SADUSKY - LIN TELEVISION CORPexhibit101.htm
EX-31.4 - 302 CERTIFICATION OF CFO FOR LIN TELEVISION CORPORATION - LIN TELEVISION CORPexhibit314.htm
EX-10.5 - AMENDMENT TO EMPLOYMENT AGREEMENT ROBERT RICHTER - LIN TELEVISION CORPexhibit105.htm
EX-32.2 - 906 CERTIFICATION OF CEO AND CFO FOR LIN TELEVISION CORPORATION - LIN TELEVISION CORPexhibit322.htm
EX-10.7 - CLARIFICATION OF THE SUPPLEMENTAL BENEFIT RETIREMENT PLAN OF LIN TELEVISION CORPORATION AND SUBSIDIARY COMPANIES - LIN TELEVISION CORPexhibit107.htm





FIRST AMENDMENT TO EMPLOYMENT AGREEMENT


FIRST AMENDMENT (this “Amendment”), dated as of October 29, 2009, to the Employment Agreement dated as of September 6, 2006 (the “Employment Agreement”), by and among LIN TV Corp., a Delaware corporation (“Parent”), and LIN Television Corporation, a Delaware corporation with its headquarters in Providence, Rhode Island, and a wholly-owned subsidiary of the Parent (the “Company” and, together with Parent, the “LIN Companies”), and Scott Blumenthal (the “Executive”).

W I T N E S S E T H:

WHEREAS, the Executive and the LIN Companies are parties to the Employment Agreement; and

WHEREAS, the parties desire to amend the Employment Agreement upon the terms and conditions set forth herein.
 
 
NOW THEREFORE, in consideration of the premises and mutual covenants contained herein, the undersigned hereby agree as follows:
 
1.           Defined Terms.  Terms defined in the Employment Agreement and used herein shall have the meanings given to them in the Employment Agreement.
 
2.           Amendments to Section 5(b).  The following shall be added as a new Section 5(b)(iv):
 
“5(b)(iv)  Solely with respect to calendar year 2009, Executive shall be eligible to receive a bonus payment calculated as set forth in this paragraph (iv) using a baseline bonus amount equal to sixty percent (60%) of the Performance Bonus Amount (the “2009 Results Bonus Base Amount”).  The amount of the bonus awarded to Executive, if any, under this paragraph (iv) shall be an amount calculated as a percentage of the 2009 Results Bonus Base Amount (the “2009 Results Bonus Percentage”).  The 2009 Results Bonus Percentage shall be the percentage set forth on Schedule 5(b)(2009) hereto that corresponds to the respective percentage by which Parent has achieved the EBITDA target established by the Board of Parent for 2009, as determined by the Compensation Committee.  Solely with respect to calendar year 2009, Executive shall be eligible to receive a bonus payment in an amount up to forty percent (40%) of the Performance Bonus Amount, which bonus payment, if any, shall be determined in the sole discretion of the President and CEO of the LIN Companies and the Compensation Committee, based upon such factors as each may determine to be relevant, which may include the performance of the LIN Companies and Executive, general business conditions, and the relative achievement by Executive or the LIN Companies of any goals established by the President and CEO, the Board of Parent or the Compensation Committee.”
 
3.           No Other Amendments; Confirmation.  Except as expressly amended hereby, the provisions of the Employment Agreement, as amended, are and shall remain in full force and effect.

4.           Counterparts.  This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  This Amendment may be delivered by facsimile transmission of the relevant signature pages hereof.


IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.

EXECUTIVE:


                                                                                                /s/ Scott Blumenthal
Scott Blumenthal
 
 


LIN TV CORP.


By:       /s/ Denise M. Parent                                               
Name:  Denise M. Parent
Title:    Vice President General Counsel


LIN TELEVISION CORPORATION


By:       /s/ Denise M. Parent                                               
Name:  Denise M. Parent
Title:    Vice President General Counsel       



 
 


Schedule 5(b) (2009)
 

          Percent of
            EBITDA         Bonus
 
           80.0%                                            Zero
           82.0%                                             32.5%
               84.0%                                             40.0%
           86.0%                                             47.5%
                   88.0%                                             55.0%
           90.0%                                             62.5%
           92.0%                                             70.0%
           94.0%                                             77.5%
           96.0%                                             85.0%
           98.0%                                             92.5%
          100.0%                                           100.0%
          101.0%                                           110.0%
          102.0%                                           120.0%
          103.0%                                           130.0%
          104.0%                                           140.0%
          105.0%                                           150.0%
          106.0%                                           160.0%
          107.0%                                           170.0%
          108.0%                                           180.0%
          109.0%                                           190.0%
          110.0%                                           200.0%