Citadel Broadcasting Corporation Stock Option Grant Letter to Farid Suleman (March 4, 2002)

Contract Categories: Business Finance › Warrant Agreements
Summary

Citadel Broadcasting Corporation confirms to Farid Suleman the grant of an option to purchase 4,150,000 shares of Class A common stock, effective March 4, 2002. This letter serves as formal documentation of the stock option grant, as referenced in a prior employment confirmation letter. Farid Suleman is required to sign and return the letter to acknowledge and accept the terms.

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EX-10.16 21 a2081219zex-10_16.txt EXHIBIT 10.16 Exhibit 10.16 Citadel Broadcasting Corporation City Center West, Suite ###-###-#### West Lake Mead Boulevard Las Vegas, Nevada 89128 June 4, 2002 Farid Suleman Forstmann Little & Co. 767 Fifth Avenue, 44th Floor New York, New York 10153 Dear Farid: In accordance with the letter from Theodore J. Forstmann to you, dated February 15, 2002, confirming the terms of your employment, the option grant to you to purchase 4,150,000 shares of Class A common stock shall be March 4, 2002. Please confirm your agreement with the foregoing by signing this letter in the space provided below and returning a signed copy of the letter to the undersigned. Very truly yours, CITADEL BROADCASTING CORPORATION /s/ Sandra J. Horbach ----------------------------------------- By: Sandra J. Horbach Its: Vice President ACKNOWLEDGED AND CONFIRMED /s/ Farid Suleman - ----------------------------- Farid Suleman