employment agreement

THIS AGREEMENT

(the "Agreement") is being made as of January 30, 2004, by and between CHYRON
CORPORATION, a New York corporation (the "Company"), having its principal
offices at 5 Hub Drive, Melville, New York 11747, and MICHAEL WELLESLEY-WESLEY
("MWW") having an address at Hall Farm House, Little Massingham, King's Lynn,
Norfolk, PE322JR, United Kingdom.

W I T N E S S E T H:

WHEREAS

, the Company desires to continue to employ MWW as its Chief Executive Officer
and President (the "CEO"), and MWW desires to continue to hold such positions,
subject to and upon the terms and conditions contained herein; and

WHEREAS

, the Company and MWW have previously entered into an Employment Agreement,
dated February 1, 2003, which is expiring February 21, 2004 (the "2003
Agreement"), and the parties wish to enter into this Agreement as the successor
employment agreement between the parties.

NOW

, THEREFORE, in consideration of the mutual premises and agreements contained
herein, and intending to be legally bound hereby, the parties hereto agree as
follows:

Nature of Employment: Term of Employment

.  The Company hereby agrees to continue to employ MWW and MWW agrees to
continue to serve the Company as its CEO, upon the terms and conditions
contained herein, for a term commencing on February 21, 2004 (the "Commencement
Date") and continuing until February 21, 2005 (the "Employment Term"). The
Employment Term may be extended for a one-year period (the "Extended Employment
Term") only upon both parties' consent.

Duties and Powers as Employee

.

During the Employment Term, MWW shall be employed by the Company as CEO, which
position is, and shall remain at all times during the Employment Term, the
senior executive officer position of the Company. MWW shall devote his full
working time to his duties as CEO. In performance of his duties, MWW shall
report directly to and be subject to the direction of the Board of Directors of
the Company or any Committee thereof, including, without limitation, the Office
of the Chairman. As CEO, MWW shall have all the responsibilities, duties and
authority as are generally associated with the position of CEO of a public
company, including full executive power over, and responsibility for, managing,
directing and supervising all aspects of the business of the Company worldwide.
The CEO shall also be responsible for developing the business plan and
objectives of the Company and managing the execution of such plan in conjunction
with the Office of the Chairman, or similar committee or office created by the
Board of Directors.

As CEO, MWW shall travel in accordance with the reasonable needs of the
business, which shall require him to conduct business for the Company primarily
in Melville, New York and such other locations as he deems necessary.

Compensation

.

As compensation for his services hereunder, the Company shall pay MWW, during
the Employment Term, a base salary (the "Base Salary") payable in equal
semi-monthly installments at the annual rate of $280,000.

In addition to the Base Salary, and subject to the sole discretion of the
Compensation Committee of the Board of Directors, MWW may receive, as incentive
compensation, an annual bonus (the "Incentive Bonus"). The Company shall pay the
Incentive Bonus, if any, to MWW only after the issuance of the results of the
annual audit of its books and records by its independent auditors.

Expenses; Vacation; Insurance; Other Benefits

.

MWW shall be entitled to reimbursement for reasonable travel and other
out-of-pocket expenses incurred in the performance of his duties hereunder, upon
submission and approval of written statements and bills in accordance with the
then regular procedures of the Company.

MWW shall be entitled to twenty (20) days paid vacation time per annum or such
other period as is in accordance with the regular procedures of the Company
governing senior executive officers as determined from time to time by the
Company's Board of Directors.

MWW shall be entitled to participate in all employee benefit plans and programs
of the Company now or hereafter made available to all senior executives of the
Company as a group, to the extent eligible, (including, without limitation, each
retirement plan, supplemental and excess retirement plans, annual and long-term
incentive compensation plans, stock option and purchase plans, group life
insurance, accident and death insurance, medical and dental insurance, sick
leave, pension plans, disability plans and fringe benefit plans) on a basis
which is no less favorable than is made available to any other senior executive
of the Company, except as otherwise provided herein. MWW shall participate in
the Company's Executive Retention Program (the "Program") only to the extent the
Program provides for the payment of a Loyalty Bonus, an Annual Bonus, if any,
and Severance Benefits upon a sale of the Company or the date the participant
transfers to a successor company. MWW shall not be entitled to participate in
the Program in the event he is terminated involuntarily and such termination is
unrelated to the sale of the Company. In the event MWW receives severance under
the Program, then such severance shall be in lieu of any severance obligations
under this Agreement, except as provided herein.

Representations and Warranties of Employee

.  MWW represents and warrants to the Company that (a) as of the Commencement
Date, MWW is under no contractual or other obligation which is inconsistent with
the execution of this Agreement, the performance of his duties hereunder, or the
other rights of the Company hereunder, and (b) MWW is under no physical or
mental disability that would hinder his performance of duties under this
Agreement.

Non-Competition

.

MWW agrees that he will not: (i) during the period he is employed by the
Company, engage in, or otherwise directly or indirectly be employed by, or act
as a consultant to, or be a director, officer, employee, owner, member or
partner of, any other business or organization that is or shall then be
competing with the Business of the Company (as defined below), and (ii) for a
period of one (1) year after he ceases to be employed by the Company, directly
or indirectly, compete with or be engaged in the Business of the Company, or be
employed by, or act as consultant to, or be a director, officer, employee,
owner, member or partner of, any business or organization which, at the time of
such cessation, competes with or is engaged in the Business as the Company,
except that in each case the provisions of this Section 6 will not be deemed
breached merely because MWW: (i) owns not more than five percent (5.0%) of the
outstanding common stock of a corporation, if, at the time of its acquisition by
MWW, such stock is listed on a national securities exchange, is reported on
NASDAQ, or is regularly traded in the over-the-counter market by a member of a
national securities exchange; or (ii) MWW is a passive investor in any fund in
which he has no investment discretion. This prohibition shall apply to the
entire world in recognition of the fact that the Company operates on a
multi-national basis. "Business of the Company" shall mean the design,
manufacture, sale, re-sale, distribution or maintenance of character generators
that are used by the broadcast and cable industries.

It is the intent of the parties to this Agreement that the provisions of this
Section 6 shall be enforced to the fullest extent permissible under the laws and
public policies applied in each jurisdiction in which enforcement is sought. If
any particular provisions or portions of this Section 6 shall be adjudicated to
be invalid or unenforceable, such provisions or portion thereof shall be deemed
amended to the minimum extent necessary to render such provision or portion
valid and enforceable, such amendment to apply only with respect to the
operation of such provisions or portions in the particular jurisdiction in which
such adjudication is made.

The parties acknowledge that damages and remedies at law for any breach of this
Section 6 will be inadequate and that the Company shall be entitled to specific
performance and other equitable remedies (including injunction) and such other
relief as a court or tribunal may deem appropriate in addition to any other
remedies the Company may have. MWW also waives the posting of any bond in
connection with the issuance of any injunctive relief.

Patents; Copyrights

.  Any interest in patents, patent applications, inventions, copyrights,
developments, and processes ("Such Inventions") which MWW now or hereafter
during the period he is employed by the Company may own or develop relating to
the fields in which the Company may then be engaged shall belong to the Company;
and forthwith upon request of the Company, MWW shall execute all such
assignments and other documents and take all such other action as the Company
may reasonably request in order to vest in the Company all his right, title, and
interest in and to Such Inventions, free and clear of all liens, charges and
encumbrances. The Company will reimburse MWW for any reasonable fees and
expenses (including fees and expenses of counsel) incurred by MWW in connection
with executing such assignments and documents and taking any such action at the
request of the Company.

Confidential Information

.  All confidential information which MWW may now possess or may obtain during
the Employment Term relating to the business of the Company shall not be
published, disclosed, or made accessible by him to any other person, firm,
corporation or entity during the Employment Term or anytime thereafter without
the prior written consent of the Company; provided that the foregoing shall not
apply to information which is not unique to the Company or which is generally
known to the industry or the public, other than as a result of MWW's breach of
this covenant, and shall not preclude MWW from disclosing any such information
to the extent such disclosure is required by law, disclosure would, in the
reasonable judgment of MWW, be in the best interest of the Company or is
reasonably necessary in order to defend MWW or to enforce MWW's rights under
this Agreement in connection with any action or proceeding to which the Company
or its affiliates is a party. MWW shall return all tangible evidence of such
confidential information to the Company prior to or at the termination of his
employment.

Termination

.

Notwithstanding anything herein contained, if on or after the date hereof and
prior to the end of the Employment Term, MWW is terminated "For Cause" (as
defined below) then the Company shall have the right to give notice of
termination of MWW's services hereunder as of a date to be specified in such
notice, and this Agreement shall terminate on the date so specified. Termination
"For Cause" shall mean MWW shall: (i) be convicted of a felony crime; (ii)
willfully commit any act or willfully omit to take any action in bad faith and
to the material detriment of the Company; (iii) commit an act of active and
deliberate fraud against the Company; or (iv) materially breach any term of this
Agreement and fail to correct such breach within ten (10) days after written
notice of the commission thereof. In the event that this Agreement is terminated
"For Cause", then MWW shall be entitled to receive only his Base Salary at the
rate provided in Section 3 to the date on which termination shall take effect.

In the event that MWW shall be physically or mentally incapacitated or disabled
or otherwise unable fully to discharge his duties hereunder for a period of
ninety (90) consecutive days, then this Agreement shall terminate upon an
additional thirty (30) days' written notice to MWW, and no further compensation
shall be payable to MWW, except as may otherwise be provided under any
disability insurance policy and that pro rata portion of the Base Salary not
previously paid through the date of termination.

In the event that MWW shall die, then this Agreement shall terminate on the date
of MWW's death, and no further compensation shall be payable to MWW, except as
may otherwise be provided under any insurance policy or similar instrument and
that pro rata portion of the Base Salary not previously paid through the date of
termination.

If MWW's employment is terminated by the Company other than pursuant to
subparagraphs 9(a), 9(b) or 9(c) hereof, MWW shall be entitled to receive from
the Company: (i) the Base Salary for the period equal to one month following the
date of termination; (ii) MWW shall have an exercise period for the options
granted pursuant to the 2003 Agreement (the "Options") equal to the remaining
term of the Options without regard to any shorter exercise period set forth in
the 1999 Stock Option Plan (the "SOP") as a result of termination, and this
provision shall be in addition to any severance being received by MWW under the
Program; (iii) all benefits to which MWW is entitled under this Agreement for
the period equal to one month following the date of termination; (iv) any
accrued but unpaid Base Salary and/or Incentive Bonus; and (v) any previously
incurred but unpaid business expenses and/or other amounts due under Paragraph 4
of this Agreement. All amounts payable in accordance with this subsection shall
be made in accordance with Company policy as if MWW had not been terminated. The
Company shall give written notice of termination to MWW which shall state the
date the termination is to be effective.

If the Company does not extend this Agreement, then the Options shall have an
exercise period equal to the remaining term of the Options without regard to any
shorter exercise period set forth in the SOP.

Nothing contained in this Paragraph 9 shall be deemed to limit any other right
the Company may have to terminate MWW's employment hereunder upon any ground
permitted by law.

Survival

.  The covenants, agreements, representations and warranties contained in or
made pursuant to this Agreement shall survive MWW's termination of employment,
irrespective of any investigation made by or on behalf of any party.

Modification

.  This Agreement sets forth the entire understanding of the parties with
respect to the subject matter hereof, supersedes all existing agreements between
them concerning such subject matter, and may be modified only by a written
instrument duly executed by each party.

Notices

.  Any notice or other communication required or permitted to be given hereunder
shall be in writing and shall be delivered in person, by telecopier with
electronic confirmation of delivery or by delivery to an internationally
recognized carrier for overnight delivery to the party to whom it is to be given
at the address of such party as set forth in the preamble to this Agreement (or
to such other address as the party shall have furnished in writing in accordance
with the provisions of this Section 12). In the case of a notice to the Company,
a copy of such notice (which copy shall not constitute notice) shall be
delivered to Thelen Reid & Priest LLP, 875 Third Avenue, New York, New York
10022, Attn. Robert S. Matlin, Esq. Any notice or other communication given by
overnight delivery shall be deemed given at the time of delivery to the carrier,
except for a notice changing a party's address which shall be deemed given at
the time of receipt thereof. Any notice given by telecopier shall be deemed
given at the time the notice or other communication is delivered with electronic
confirmation of delivery.

Waiver

.  Any waiver by either party of a breach of any provision of this Agreement
shall not operate as or be construed to be a waiver of any other breach of such
provision of this Agreement. The failure of a party to insist upon strict
adherence to any term of this Agreement on one or more occasions shall not be
considered a waiver or deprive that party of the right thereafter to insist upon
strict adherence to that term or any other term of this Agreement. Any waiver
must be in writing.

Binding Effect

.  MWW's rights and obligations under this Agreement shall not be transferable
by assignment or otherwise, such rights shall not be subject to encumbrance or
the claims of MWW's creditors, and any attempt to do any of the foregoing shall
be void. The provisions of this Agreement shall be binding upon and inure to the
benefit of MWW and his heirs and personal representatives, and shall be binding
upon and inure to the benefit of the Company and its successors and assigns.

Headings

.  The headings in this Agreement are solely for the convenience of reference
and shall be given no effect in the construction or interpretation of this
Agreement.

Counterparts; Governing Law

.  This Agreement may be executed in any number of counterparts (and by
facsimile), each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. It shall be governed by, and
construed in accordance with, the laws of the State of New York, without giving
effect to the rules governing the conflicts of laws.

Prior Agreements

. All prior agreements between the Company and MWW with respect to compensation
and services are hereby terminated as of the Commencement Date, except that all
prior agreements concerning the terms of options previously granted shall remain
in full force and effect and shall not be affected by the fact that MWW has
become an employee of the Company.

IN WITNESS WHEREOF

, the parties have duly executed this Agreement as of the date first written
above.

CHYRON CORPORATION

By /s/ Wesley W. Lang, Jr.___

Name: Wesley W. Lang, Jr.

Title: Chairman

/s/ Michael Wellesley-Wesley___

Name: Michael Wellesley-Wesley