Delaware
|
84-1524410
|
|
(State or other jurisdiction of
|
(IRS Employer
|
|
incorporation)
|
Identification No.)
|
Information to be included in the report
The amendment provides for the following key provisions:
1. extension of the term of the Employment Agreement for an additional two years, through December 31, 2009;
2. increase of an annual base salary to $825,000 during the period January 3, 2008 through January 2, 2009 and to $850,000 during the period January 3, 2009 through December 31, 2009; and
3. if Mr. Kenin's employment is terminated other than for cause, death or disability, Mr. Kenin will be entitled to (A) the greater of (i) the base salary for the remaining term of the employment, at such time such payments would otherwise be due or (ii) an amount equal to one year's salary (payable over a 12 month period) and (B) a prorated bonus for the period up to the termination date, based on an annual bonus amount determined in the Company's discretion, paid in accordance with the Employment Agreement. Such amounts will not be subject to offset from any amounts Mr. Kenin earns from employment following the termination of employment with the Company.
The following exhibit is filed herewith:
Exhibit No. Description
10.1* Third Amendment to Employment Agreement, dated as of June 13, 2007, by and between David Kenin and Crown Media Holdings, Inc.
______________________________
* Management contract or compensatory plan or arrangement.
|
|
CROWN MEDIA HOLDINGS, INC.
|
||||||
Date: June 26, 2007
|
By:
|
/s/ Charles L. Stanford
|
||||||
Charles L. Stanford
|
||||||||
Executive Vice President and General Counsel
|
||||||||
Exhibit No.
|
Description
|
|
EX-10.1
|
Third Amendment to Employment Agreement, dated as of June 13, 2007, by and between David Kenin and Crown Media Holdings, Inc.
|