Amendment No. 10 to Employment Agreement between George W. Blank and Univision Management Co.
This amendment extends the employment agreement between George W. Blank and Univision Management Co. through December 31, 2006, unless terminated earlier as per the original agreement. It sets Mr. Blank's annual base salary at $600,000 for the year 2006. All other terms of the original employment agreement remain unchanged. The amendment is effective as of January 1, 2004, upon signing by both parties.
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Exhibit 10.11.3
Amendment No. 10 (the "Amendment") To
Employment Agreement (the "Employment Agreement") between
George W. Blank ("Employee") and Univison 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, 2006, unless earlier terminated in accordance with the provisions of the Employment Agreement.
2. Salary. The annual Base Salary rate will be: Six Hundred Thousand Dollars ($600,000) for the annual period from January 1, 2006 through December 31, 2006.
3. Effective Date of Amendment. Upon execution by Employee and Company, this Amendment will become effective as of January 1, 2004.
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 CO. | ||||
By: | /s/ ROBERT V. CAHILL Robert V. Cahill President and Chief Executive Officer | |||
/s/ GEORGE W. BLANK George W. Blank | ||||
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- Exhibit 10.11.3
