Exhibit 10.33
AMENDMENT NO. 5 (THE "AMENDMENT") TO
EMPLOYMENT AGREEMENT BETWEEN
THE UNIVISION NETWORK LIMITED PARTNERSHIP ("UNLP") AND XXX XXXXXXXXX,
(AS PREVIOUSLY AMENDED, THE "EMPLOYMENT AGREEMENT")
January 1, 2000
To: Xxx Xxxxxxxxx
c/o UNLP
Dear Ray:
Your Employment Agreement will expire on December 31, 2001 (the
"Term"). UNLP desires to extend the Term for an additional one-year period. You
and we hereby agree to amend the Employment Agreement as follows:
1. TERM. The Term is hereby extended for an additional one-year period.
The Employment Agreement shall expire on December 31, 2002, unless earlier
terminated in accordance with the terms set forth in the Employment Agreement.
2. SALARY. Your annual Base Salary rate shall be Eight Hundred Thousand
Dollars ($800,000) for calendar year 2002.
3. COMPETITIVE ACTIVITIES. The terms "competing with the business of
the Company or any of its affiliates" and "activity competitive with or adverse
to Company's Spanish language broadcasting and cable business" as set forth in
the Standard Terms and Conditions of the Employment Agreement include, without
limitation, the following: any and all forms of media, communication and
entertainment, including, without limitation, television, radio, the Internet
(including e-services and e-commerce), music, movies, theater, print and
visual/audio entertainment via all methods of delivery whether now known or
hereafter invented, contemplated or devised.
4. OTHER. Except as provided in this Amendment, all other terms and
conditions set forth in the Employment Agreement shall remain in full force and
effect, and the parties hereby ratify and confirm the Employment Agreement, as
amended hereby.
5. EFFECTIVE DATE OF AMENDMENT. Upon its execution by you and UNLP,
this Amendment shall become effective as of the date first written above.
6. EXCLUSIVITY. During the Term, Employee shall not directly or
indirectly enter into any discussions or negotiations with anyone other than
Employer for the performance of services by Employee after the expiration of the
Term. Employee will negotiate in good faith exclusively with Employer if
Employer elects to seek an extension or renewal of Employee's Employment
Agreement prior to the expiration of the Term.
Please indicate your agreement to this Amendment to the Employment
Agreement by signing in the space provided below.
THE UNIVISION NETWORK
LIMITED PARTNERSHIP
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
Chief Financial Officer
I have read the preceding Amendment and agree to its terms and conditions:
/s/ Xxx Xxxxxxxxx
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Xxx Xxxxxxxxx