NONQUALIFIED STOCK OPTION AGREEMENT
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EX-10.79 8 g87733exv10w79.txt NONQUALIFIED STOCK OPTION AGREEMENT Exhibit 10.79 [Spanish Broadcasting System, inc. Logo] December 10, 2003 Marko Radlovic 24949 Normans Way Calabasas, CA 91302 Dear Marko Radlovic: Pursuant to the terms and conditions of the Spanish Broadcasting System, Inc. 1999 Stock Option Plan (the "Plan") and/or your Employment Agreement, if applicable, you have been granted a Nonqualified Stock Option, to purchase 72,682 shares (the "Option") of Class A common stock as outlined below. Granted To: Marko Radlovic Granted Date: November 6, 2003 Option Granted: 76,682 Option Price per Share: $9.44 Total Cost to Exercise: $686,118.08 Expiration Date: November 6, 2013, unless terminated earlier. Vesting Schedule: Special Vesting as follows: 24,239 on 11/06/2003 24,239 on 11/06/2004 24,239 on 11/06/2005 Transferability: Not transferable except in accordance with the Plan. Spanish Broadcasting System, Inc. By: /s/ Raul Alarcon, Jr. --------------------- By my signature below, I hereby acknowledge receipt of this Option granted on the date shown above, which has been issued to me under the terms and conditions of the Plan. I further acknowledge receipt of a copy of the Plan and agree to conform to all of the terms and conditions of the Option and the Plan. Signature: /s/ Marko Radlovic Date: 12/29/03 ---------------------- -------- Marko Radlovic
