Chyron Corporation Executive Retention Program Agreement (2001–2002)

In order to encourage executives to actively support the sale process, the Company is making the following changes to the executive compensation and benefit programs. Collectively the changes constitute the Executive Retention Program.

The participants will include the executives who are under the control of the Compensation Committee.

The program is effective from July 25, 2001 through December 31, 2002 or for one year from the date the participant transfers to a successor company, whichever comes first.

The Company will pay participants a bonus equal to 3 months base salary in accordance with Attachment A. The bonus will be payable as of (i) the date the Company is sold, or (ii) the date the participant transfers to a successor company, or (iii) the date the participant is terminated involuntarily.

The Company will grant stock options to participants in accordance with Attachment A. The options will vest 6 months from the date of the grant. Early vesting will occur as of (i) the date the Company is sold, or (ii) the date the participant transfers to a successor company, or (iii) the date the participant is terminated involuntarily.

Participants who transfer to a successor company or who are involuntarily terminated will receive the prorated portion of their actual bonus paid from the prior year.

Benefits for executives will be increased in accordance with Attachment B. For participants subject to COBRA, the Company will pay COBRA premiums throughout the severance period.