Amendment to Employment Agreement between Crown Media Holdings, Inc. and Susanne McAvoy
This amendment updates Susanne McAvoy's employment agreement with Crown Media Holdings, Inc. Her new title is Executive Vice President, Marketing, Creative and Communications. The term of her employment is extended through December 31, 2015, unless ended earlier as per the original agreement. Her base salary increases to $335,000 effective March 1, 2014. All other terms of the original agreement remain unchanged.
Exhibit 10.77
|
| Effective January 1, 2014 |
Susanne McAvoy
[address]
Dear Ms. McAvoy:
This will confirm our agreement to amend your employment agreement with Crown Media Holdings, Inc. (“Crown”) dated January 1, 2012 (the “Agreement”), as follows:
1. Your new title will be “Executive Vice President, Marketing, Creative and Communications.”
2. 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.
3. Your base salary as set forth in Paragraph 3 of the Agreement will increase to Three Hundred Thirty Five Thousand Dollars ($335,000.00) effective March 1, 2014.
Except as amended herein, all other terms of the Agreement will remain in full force and effect.
|
| Very truly yours, | |
|
| Crown Media Holdings, Inc. | |
|
|
| |
|
|
| |
|
| By: | /s/ William Abbott |
|
|
| Name: William Abbott |
|
|
| Title: President and Chief Executive Officer |
| Agreed and Accepted: |
|
|
|
|
|
|
|
| /s/ Susanne McAvoy |
|
| Susanne McAvoy |
|
