Amendment to Retirement Agreement between Sheila Mahony and Cablevision Systems Corporation/CSC Holdings, Inc.
This letter agreement, dated January 2, 2004, amends the Retirement Agreement between Sheila Mahony and Cablevision Systems Corporation/CSC Holdings, Inc. It extends Ms. Mahony's employment until March 15, 2004, updates related references in the original agreement and its exhibits, and specifies that she will not participate in or receive awards from any long-term incentive program for services in 2004. All other terms of the original Retirement Agreement remain unchanged and in effect.
Exhibit 10.45
As of January 2, 2004
Sheila Mahony
89 Cove Road
Oyster Bay Cove, NY 11771
Re: Change in Your Retirement Date
Dear Sheila:
This letter relates to your Retirement Agreement, dated June 18, 2003 (your “Retirement Agreement”), with Cablevision Systems Corporation and CSC Holdings, Inc., and confirms our mutual agreement to extend the duration of your employment until March 15, 2004.
Accordingly, on your acceptance of and agreement to this letter, (1) the term “Retirement Date” in your Retirement Agreement is amended to refer to March 15, 2004, (2) the reference to January 2, 2004 in the Memorandum annexed to your Retirement Agreement as Exhibit A will be amended to refer to March 15, 2004 and (iii) the reference to January in Section 2(a) of the Consulting agreement annexed to your Retirement Agreement as Exhibit C will be amended to refer to March. In addition, you agree that you will not be entitled to participate in or receive any awards under any long-term incentive program for services rendered in 2004.
Other than these changes, this letter does not change your Retirement Agreement or the annexed Exhibits in any way, and your Retirement Agreement will remain in full force and effect.
| CABLEVISION SYSTEMS CORPORATION | CSC HOLDINGS, INC. |
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| By: James L. Dolan | By: |
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| Accepted and Agreed: |
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| Sheila Mahony |
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