Second Amendment to Amended and Restated Employment Agreement between Entercom Communications Corp. and Joseph M. Field

Summary

This amendment updates the employment agreement between Entercom Communications Corp. and Joseph M. Field, effective May 10, 2017. It specifically changes the wording in Sections 4.1 and 4.3 by removing the phrase "three (3) times" from each section. All other terms of the original agreement remain unchanged. Both parties have signed to confirm their acceptance of these modifications.

EX-10.3 3 d438354dex103.htm EX-10.3 EX-10.3

Exhibit 10.3

Second Amendment

To

Amended and Restated Employment Agreement

This SECOND AMENDMENT (this “Second Amendment”), effective as of May 10, 2017, amends that certain Amended and Restated Employment Agreement, dated as of July 1, 2007 (the “Agreement”), as previously amended by that First Amendment dated December 15, 2008, by and between Entercom Communications Corp., a Pennsylvania corporation (“Employer” or the “Company”) and Joseph M. Field (“Executive”).

A  G  R  E  E  M  E  N  T

NOW, THEREFORE, in consideration of the premises, the mutual promises hereinafter set forth, and other good and valuable consideration had and received, the parties hereto, intending to be legally bound, hereby agree as follows:

1.    Amendments.

a.    Sections 4.1 & 4.3 of the Agreement are hereby amended by striking the phrase “three (3) times” in the first sentence of each section.

2.    Effect of Amendment. Except as expressly modified and amended herein, all of the terms, conditions and provisions of the Agreement shall remain in full force and effect and unchanged.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first written above.

 

“EXECUTIVE”    

/Joseph M. Field/

            5/10/2017
Joseph M. Field    

Date

“EMPLOYER”    

Entercom Communications Corp.,

a Pennsylvania corporation

   
By:  

/Andrew P. Sutor, IV

            5/10/2017
  Andrew P. Sutor, IV    

Date

  Senior Vice President, General    
  Counsel and Secretary