Second Amendment to Employment Agreement between Crown Media Holdings, Inc. and Charles Stanford

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment extends Charles Stanford's employment with Crown Media Holdings, Inc. until December 31, 2011, unless terminated earlier according to the original agreement. It also states that Crown will consider additional salary increases in October 2010 and October 2011 based on Mr. Stanford's performance. All other terms of the original employment agreement remain unchanged.

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EX-10.2 3 stanford.htm STANFORD stanford.htm                                                     EXHIBIT 10.2



May 3, 2010

 
 
 
Mr. Charles Stanford
25010 Jim Bridger Road
Hidden Hills, CA  91302
 

 
 
Re:
Employment Agreement Amendment
 
Dear Mr. Stanford:
 
This will confirm our agreement to further amend your employment agreement with Crown Media Holdings, Inc. (“Crown”) dated August 8, 2006, as amended on January 29, 2008 (the “Agreement”), as follows:

1.  
The term of the Agreement and your employment by Crown as set forth in Paragraph 2 of the Agreement is extended until December 31, 2011, unless otherwise terminated in accordance with the terms of the Agreement.

2.  
In each of October 2010 and October 2011, Crown shall consider additional salary increases at its discretion based on your performance.

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 J. ABBOTT                                                                
        Name: William J. Abbott
        Title: President & Chief Executive Officer

 
Agreed and Accepted:


/s/ C. STANFORD
Charles Stanford