Second Amendment to Employment Agreement between Crown Media United States, LLC and David Kenin
This document is a second amendment to the employment agreement between Crown Media United States, LLC and David Kenin. It extends Mr. Kenin's employment term by three years, through January 2, 2008, and sets his annual salary for each of the next three years, increasing from $715,000 to $790,000. All other terms of the original agreement remain unchanged.
EXHIBIT 10.1
December 6, 2004
David Kenin
16650 Calle Haleigh
Pacific Palisades, CA 90272
Re: 2nd Amendment to Employment Agreement
Dear Mr. Kenin:
This will confirm our agreement to further amend your employment agreement with Crown Media United States, LLC, dated December 20, 2001, as amended October 10, 2003 (the “Agreement”), as follows:
1. The Term of the Agreement and your employment by Crown Media United States, LLC, as set out in Paragraph 2 of the Agreement, is extended for an additional three years, through January 2, 2008.
2. Paragraph 3(a) of the Agreement is amended to provide for payment to you of an annual salary of $715,000 during the fourth year of the Term (January 3, 2005 through January 2, 2006); $750,000 during the fifth year of the Term (January 3, 2006 through January 2, 2007); and $790,000 during the sixth year of the Term (January 3, 2007 through January 2, 2008).
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 United States, LLC | ||
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| By: | /s/ David Evans |
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| David Evans | ||
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| President | ||
Accepted and Agreed to
| /s/ David Kenin |
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| David Kenin | |
