Incentive Stock Option Agreement between Spanish Broadcasting System, Inc. and Marko Radlovic

Summary

Spanish Broadcasting System, Inc. has granted Marko Radlovic an option to purchase 17,318 shares of Class A common stock at $9.44 per share under the company's 1999 Stock Option Plan. The option vests in three installments over three years and expires on November 6, 2013, unless terminated earlier. The option is not transferable except as allowed by the plan. Marko Radlovic has acknowledged receipt and acceptance of the option and its terms.

EX-10.80 9 g87733exv10w80.txt INCENTIVE STOCK OPTION AGREEMENT Exhibit 10.80 [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 an Incentive Stock Option, subject to limitations set forth by the Internal Revenue Code of 1986, as amended from time to time, to purchase 17,318 shares (the "Option") of Class A common stock as outlined below. Granted To: Marko Radlovic Granted Date: November 6, 2003 Option Granted: 17,318 Option Price per Share: $9.44 Total Cost to Exercise: $163,481.92 Expiration Date: November 6, 2013, unless terminated earlier. Vesting Schedule: Special Vesting as follows: 5,821 on 11/06/2003 5,821 on 11/06/2004 5,676 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