EXHIBIT 10.34
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement (the "Amendment"), is made and
entered into as of December 12, 1997, by and between SPELLING ENTERTAINMENT
GROUP INC. ("Employer") and XXXXX XXXXXX ("Employee") with reference to the
following facts and circumstances:
WHEREAS, the parties hereto previously entered into that certain employment
agreement, dated as of January 1, 1995 (the "Employment Agreement");
WHEREAS, the Employment Agreement terminates on December 31, 1997;
NOW, THEREFORE, Employer and Employee mutually agree to amend the
Employment Agreement as follows:
1. The term of the Employment Agreement shall be extended from January 1,
1998 to January 4, 2000 (the "Extended Term").
2. From January 1, 1998 to December 31, 1998, Employer shall pay Employee a
base salary of Three Hundred Five Thousand Dollars ($305,000), and from
January 1, 1999 to January 4, 2000, Employer shall pay Employee a base
salary of Three Hundred Twenty Five Thousand Dollars ($325,000), payable
on an annualized basis in accordance with Employer's normal practices.
3. During the Extended Term, Employee shall be paid a monthly car allowance
in the amount of Seven Hundred Fifty Dollars ($750).
4. During the Extended Term, the target for Employee's bonus compensation
shall be 30% of Employee's annual Base Salary.
5. During the Extended Term, Employee's title shall be Senior Vice
President - General Counsel, Secretary and Administration.
6. Except as amended by this Amendment, the Employment Agreement shall not
be amended in any respect whatsoever and shall continue in full force
and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed as of the date first above written.
SPELLING ENTERTAINMENT GROUP INC. XXXXX XXXXXX
By: /s/ Xxxxx X. Xxxxxxxx /s/ Xxxxx Xxxxxx
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Its: President
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