AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • December 29th, 2009 • CC Media Holdings Inc • Radio broadcasting stations • Texas
AGREEMENT, dated effective as of December 22, 2009, by and between Clear Channel Communications, Inc. (as successor to BT Triple Crown Merger Co., Inc. (“MergerSub”, the “Company”), CC Media Holdings, Inc. (“Holdings”) and Randall T. Mays (“Executive”).
Mr. Randall T. Mays San Antonio, Texas 78209 Dear Randall,CC Media Holdings Inc • December 29th, 2009 • Radio broadcasting stations
This letter agreement relates to the Stockholders Agreement dated as of July 29, 2008 by and among CC Media Holdings, Inc. (the “Company”), BT Triple Crown Merger Co., Inc., Clear Channel Capital IV, LLC, Clear Channel Capital V, L.P., L. Lowry Mays, Mark P. Mays, Randall T. Mays and the other parties thereto (the “Stockholders Agreement”) and the side letter agreement to the Stockholders Agreement dated as of July 29, 2009 by and among the Company, Clear Channel Capital IV, LLC, Clear Channel Capital V, L.P., L. Lowry Mays, Mark P. Mays, Randall T. Mays and the other parties thereto (the “Mays Side Letter”).
CLEAR CHANNEL 2008 EXECUTIVE INCENTIVE PLAN SECOND AMENDMENT TO SENIOR EXECUTIVE OPTION AGREEMENT December 22, 2009Senior Executive Option Agreement • December 29th, 2009 • CC Media Holdings Inc • Radio broadcasting stations
Pursuant to Section 9 of each of the Clear Channel 2008 Executive Incentive Plan (the “Plan”) and Section 9 of the Senior Executive Option Agreement (the “Agreement”) dated July 30, 2008 and amended as of October 14, 2008 between Randall T. Mays (the “Optionee”) and CC Media Holdings, Inc. (the “Company”), the Optionee and the Company hereby agree to amend the Agreement, as follows, effective as of the date set forth herein:
