Amendment to Employment Agreement between Tickets.com, Inc. and Eric P. Bauer (April 29, 2002)

Summary

Tickets.com, Inc. and Eric P. Bauer have amended their original employment agreement to extend the period of salary continuation if Mr. Bauer is terminated without cause. Under this amendment, if the company terminates Mr. Bauer without cause, he will now receive his base salary for twelve months instead of six months, paid in regular installments. All other terms of the original agreement remain unchanged.

EX-10.4 6 a83513exv10w4.txt EXHIBIT 10.4 EXHIBIT 10.4 AMENDMENT TO EMPLOYMENT AGREEMENT This Amendment to Employment Agreement ("Amendment") is made as of April 29, 2002, by and between Tickets.com, Inc., a Delaware corporation (the "Company") and Eric P. Bauer ("Executive") and is made in connection with the following facts: WHEREAS: On September 5, 2000, the Company and Executive entered into an Employment Agreement (the "Agreement"). WHEREAS: Article 4.5 of the Agreement ("Severance Benefits Upon Termination"), Subsection (b) provides, among other things, for certain benefits to be paid to Executive in the event that the Company terminates Executive's employment without Cause. WHEREAS: The Company and Executive now desire to amend Article 4.5, Subsection (b)1 of the Agreement to increase the period of salary continuation in the event Executive is terminated by the Company without Cause from six (6) months to twelve (12) months. NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Executive hereby agree to amend the Agreement as follows: 1. Defined Terms. All capitalized terms used in this Amendment, unless defined herein, shall bear the same meaning as defined in the Agreement. 2. Amendment. Article 4.5, Subsection (b)1 is hereby amended to provide that in the event Executive's employment is terminated by the Company without Cause, then the Company shall provide Executive salary continuation in an amount equal to Executive's then Base Salary for a period of twelve (12) months, commencing on the Effective Date, said sum to be paid in equal installments at the times salary payments are usually made by the Company. 3. No Further Amendment. All other terms and conditions of the Agreement shall remain unchanged. IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written. COMPANY By: /s/ Ronald Bension ------------------------------------ Ronald Bension Chief Executive Officer EXECUTIVE /s/ Eric P. Bauer ---------------------------------------- Eric P. Bauer