Amendment to Employment Agreement between Townsquare Media, Inc. and Bill Wilson

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between Townsquare Media, Inc. and Bill Wilson. Effective immediately, Bill Wilson's base salary is increased to $1,000,000. Additionally, for the 2018 and 2019 fiscal years, his annual cash bonus will be no less than his target bonus. All other terms of the original employment agreement remain unchanged.

Read More Arrow
EX-10.1 2 a101tsq_bxwilsonxletterxag.htm EXHIBIT 10.1 Exhibit
EXECUTION COPY


April 27, 2018
Bill Wilson
Address on file with the Company
Re:
Employment Agreement Amendment
Dear Bill:
This letter confirms our recent discussions regarding certain changes to your Employment Agreement, dated October 16, 2017, with Townsquare Media, Inc. (the “Company”). Except as otherwise set forth herein, the terms and conditions of your Employment Agreement will be unaffected by this letter. Capitalized terms used but not defined herein will have the meaning set forth in your Employment Agreement.
•
Base Salary. Effective immediately, your Base Salary will increase to $1,000,000.

•
Annual Bonus. Your annual cash bonus for each of the Company’s 2018 and 2019 fiscal years will be no less than your Target Bonus.


* * *
We are looking forward to your continued leadership.








[Signature Page Follows]









 

 
 
 
 
Townsquare Media, Inc.
 
 
 
 
 
/s/ David Quick
 
 
By: David Quick
 
 
Title: Chair, Compensation Committee
 
 
 
 
 
 
 
 
 
 
 
ACCEPTED AND AGREED:
 
 
 
 
 
/s/ Bill Wilson
 
 
Bill Wilson
 
 
 
 
 
 
 
 



























Signature Page to Employment Agreement