Amendment and Extension of Consulting Agreement between Cablevision Systems Corporation and John Tatta
Cablevision Systems Corporation and John Tatta have agreed to extend their existing Consulting Agreement for an additional three years under the same terms. However, due to new New York Stock Exchange rules, if Mr. Tatta is elected to the Cablevision Board of Directors, Cablevision is not required to appoint him to any specific Board Committees or as Chair. This amendment is acknowledged and agreed to by both parties.
Exhibit 10.48
March 12, 2004
Mr. John Tatta
20 Bay Colony Point
Ft. Lauderdale, Florida 33308
Dear John,
Reference is hereby made to that certain Consulting Agreement dated January 27, 2001 by and between Cablevision Systems Corporation (“Cablevision”) and you (“the Consulting Agreement”).
Please acknowledge below your agreement to extend the Consulting Agreement for an additional three years on all of the same terms and conditions. Please note, however, that in light of the new recently adopted New York Stock Exchange rules, Section 2 of the Consulting Agreement shall be considered modified such that, if you are elected to the Cablevision Board of Directors, Cablevision shall not be required to appoint you to, or as Chair of, any specific Committees of the Board.
We continue to appreciate your ongoing service to Cablevision as both a director and valuable consultant of the company.
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| Sincerely, | ||
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| /s/ James L. Dolan |
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| James L. Dolan | ||
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| President, Chief Executive Officer | ||
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| ACKNOWLEDGED AND AGREED: |
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| /s/ John Tatta |
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| John Tatta |
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