Amendment to Employment Agreement between Crown Media Holdings, Inc. and Charles Stanford
Crown Media Holdings, Inc. and Charles Stanford have agreed to extend the term of Mr. Stanford's employment agreement, originally dated January 1, 2012, through December 31, 2015. All other terms of the original agreement remain unchanged. This amendment is effective as of January 1, 2014, and may be subject to earlier termination as specified in the original agreement.
Exhibit 10.55
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| Effective January 1, 2014 |
Charles Stanford
[address]
Dear Mr. Stanford:
This will confirm our agreement to amend your employment agreement with Crown Media Holdings, Inc. (“Crown”) dated January 1, 2012 (the “Agreement”), as follows:
The term of the Agreement and your employment by Crown as set forth in Paragraph 2 of the Agreement is extended until December 31, 2015, unless otherwise terminated in accordance with the terms of the Agreement.
Except as amended herein, all other terms of the Agreement will remain in full force and effect.
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| Very truly yours, | |
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| Crown Media Holdings, Inc. | |
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| By: | /s/ William Abbott |
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| Name: William Abbott |
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| Title: President and Chief Executive Officer |
| Agreed and Accepted: |
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| /s/ Charles Stanford |
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| Charles Stanford |
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