Addendum to Employment Agreement between Nexstar Broadcasting and Duane Lammers

Summary

This addendum updates the employment agreement between Nexstar Broadcasting and Duane Lammers. It changes Lammers' title to Executive Vice-President, extends his employment through December 31, 2003, and sets his base salary and target bonus amounts for each year from 2001 to 2003. All other terms of the original agreement remain unchanged. Both parties have agreed to these new terms by signing the addendum.

EX-10.14 23 dex1014.txt ADDENDUM TO EMPLOYMENT AGREEMENT - LAMMERS Exhibit 10.14 INTER-OFFICE MEMORANDUM To: DUANE LAMMERS From: PERRY A. SOOK Date: FEBRUARY 9, 2001 Subject: ADDENDUM TO EMPLOYMENT AGREEMENT -------------------------------- cc: SHIRLEY GREEN/ JOHN KUEHN/ NATALIE SILVER (KIRKLAND & ELLIS) =============================================================================== This memorandum will serve as an addendum to your employment agreement with Nexstar Broadcasting dated January 5, 1998. 1. Your title will be changed to Executive Vice-President. 2. The term of your employment agreement shall be extended through December 31, 2003. 3. Your base salary shall be as follows: January 1, 2001 - December 31, 2001 $185,000 January 1, 2002 - December 31, 2002 $200,000 January 1, 2003 - December 31, 2003 $205,000 4. Your target bonus for each fiscal year shall be as follows: After the 2001 fiscal year $45,000 After the 2002 fiscal year $50,000 After the 2003 fiscal year $55,000 All other terms and conditions of your employment agreement shall remain in full force and effect. Please evidence your acknowledgement and agreement with the above listed terms and conditions by signing below: Congratulations. Sincerely, Accepted and Agreed /s/ Perry A. Sook /s/ Duane Lammers --------------------------------- Perry A. Sook Duane Lammers President/CEO Executive Vice-President [Nexstar Broadcasting Group, Inc.] 200 Abington Executive Park, Suite 201 Clarke Summit, PA 18411 ###-###-#### fax ###-###-####