Amendment to Employment Agreement, dated February 27, 2013, between Cablevision Systems Corporation and James L. Dolan

6.     You will continue to be eligible to participate in the long-term cash or equity programs and arrangements of the Company.  In calendar year 2013 (and each subsequent calendar year through the Scheduled Expiration Date provided that you are employed with the Company on the date of grant), you will be entitled to receive one or more long-term cash and/or equity awards with an aggregate target value as of the grant date of $12,000,000, all as determined by the Compensation Committee in its discretion.  The equity portion of such annual awards granted prior to the Scheduled Expiration Date will consist of an award of options to acquire shares of Class A Common Stock of the Company under the Company’s employee stock plan in an amount up to the Option Maximum and the balance (if any) of the annual awards will consist of a cash performance award, all on terms and conditions to be approved by the Compensation Committee; provided, that, the grant agreements for such annual awards shall not have a time vesting component that is longer than 3 years.  The “Option Maximum” is the maximum number of options that the Company may issue to any participant under the Company’s employee stock plan during any one calendar year (currently 2 million options).  For purposes of computing the aggregate target value of annual awards, options shall be valued by the Compensation Committee in its discretion.