Amendment No. 13 to Employment Agreement between Ray Rodriguez and Univision Management Co.
This amendment extends Ray Rodriguez's employment with Univision Management Co. through December 31, 2009, unless ended earlier as outlined in the original agreement. It sets his annual base salary at $1,100,000 for the period from January 1, 2007, to December 31, 2009. All other terms of the original employment agreement remain unchanged. The amendment is effective as of January 1, 2007, once both parties sign it.
Exhibit 10.12.3
Amendment No. 13 the “Amendment”) To
Employment Agreement (the “Employment Agreement”) between
Ray Rodriguez (“Employee”) and Univision Management Co. (“Company”)
Employee and Company agree to amend the Employment Agreement as follows:
1. Term. The Term of the Employment Agreement is extended through December 31, 2009, unless earlier terminated in accordance with the provisions of the Employment Agreement.
2. Base Salary. The annual Base Salary rate will be One Million One Hundred Thousand Dollars ($1,100,000) for the period of the Term from January 1, 2007 through December 31, 2009.
3. Effective Date of Amendment. Upon execution by Employee and Company, this Amendment will become effective as of January 1, 2007.
4. Other. Except as provided in this Amendment, all other terms and conditions in the Employment Agreement will remain in full force and effect, and the Employment Agreement, as amended hereby, is ratified and confirmed.
UNIVISION MANAGEMENT COMPANY
| By: | /s/ Robert Cahill |
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| Robert Cahill |
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| Vice Chairman and Corporate Secretary |
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| By: | /s/ Ray Rodriguez |
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| Ray Rodriguez | |
