EX-4.7



 Exhibit 4.7 

IHEARTMEDIA, INC. 

RESTRICTED STOCK AWARD AGREEMENT 

This Restricted Stock Award Agreement (the “Agreement”) dated ______ (the “Grant Date”) is being entered
into by iHeartMedia, Inc., a Delaware corporation (the “Company”), and _________ (the “Grantee”) pursuant to the iHeartMedia, Inc. 2015 Executive Long-Term Incentive Plan (as amended from time to time, the
“Plan”). 
 WHEREAS, the Company has decided to grant the Grantee restricted shares of the Company’s
Class A Common Stock, par value $0.001 per share (the “Common Stock”) pursuant to the Plan, subject to the terms and conditions provided herein. 

NOW, THEREFORE, in consideration of the foregoing, of the mutual promises contained herein and of other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Grant of
Restricted Stock. This Agreement evidences the grant by the Company to the Grantee of shares of Common Stock of the Company (collectively, the “Restricted Stock”), on the terms provided in the Plan and set forth in this
Agreement, in the aggregate amount of _________ shares of Restricted Stock on the Grant Date. Except as otherwise provided by the Plan, the Grantee agrees and understands that nothing contained in this Agreement provides, or is intended to provide,
the Grantee with any protection against potential future dilution of the Grantee’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any
Restricted Stock, except as otherwise specifically provided for in the Plan or this Agreement. 
 2. Period of Restriction; Delivery of
Unrestricted Shares. Until the Restricted Stock vests in accordance with this Agreement, the Restricted Stock shall bear a legend indicating that the Restricted Stock is restricted and that the transfer of such stock is restricted. When shares
of Restricted Stock awarded by this Agreement vest, the Grantee shall be entitled to receive unrestricted shares, and if the stock certificates of the Restricted Stock contain legends restricting the transfer of such shares, the Grantee shall be
entitled to receive new stock certificates free of such legends (except any legends requiring compliance with securities laws); provided, however, that for the avoidance of doubt, any shares of Restricted Stock that vest pursuant to this
Agreement shall be subject to Section 15. 
 3. Dividends and Other Distributions. The Grantee shall be entitled to
receive all dividends and other distributions paid with respect to the Restricted Stock, provided that any such dividends or other distributions will be subject to the same vesting requirements as the Restricted Stock to which they relate, and, to
the extent declared prior to vesting, shall be paid at the same time that such Restricted Stock vests pursuant to Section 4 hereof. In the event that such Restricted Stock is forfeited, any dividends or distributions previously declared
with respect to such Restricted Stock shall also be immediately forfeited. If any dividends or distributions are paid in shares, the shares shall be deposited with the Company and shall be subject to the same restrictions on transferability and
forfeitability as the Restricted Stock with respect to which they were declared. Notwithstanding the foregoing, in the event that a dividend or other distribution is paid in respect of any unvested Restricted Stock with respect to which the Grantee
has 







 
completed an election under Section 83(b) of the Code, the Company shall pay to the Grantee in cash a portion of such dividend or distribution in an amount equal to the amount that is
payable by the Grantee in federal, state or local taxes on account of such dividend or distribution prior to the time that the Restricted Stock to which they relate vests, in such amount as determined by the Company in its sole discretion;
provided, however, that for the avoidance of doubt, any portion so paid shall reduce the amount later owed to the Grantee in the event that such distribution or dividend later becomes vested and payable. 

4. Vesting. The grant of Restricted Stock evidenced by this Agreement shall be unvested as of the Grant Date and shall not be vested
for purposes of this Agreement (and shall be subject to forfeiture) until all applicable vesting conditions set forth in this Section 4 are satisfied. 

(a) Vesting of Restricted Stock.1 The Restricted Stock shall be
divided equally into two tranches: 50% of the total Restricted Stock (rounded up to the nearest number of whole shares) shall be “Tranche 1 Shares” and the remaining Restricted Stock shall be “Tranche 2 Shares.”
During the Grantee’s Employment, the Restricted Stock shall vest as follows: 
 (i) Tranche 1 Shares: The Tranche
1 Shares shall vest with respect to 20% of the total Tranche 1 Shares on each of the first, second, third, fourth and fifth annual anniversaries of the Grant Date, provided that the Grantee’s Employment continues through such time. 

(ii) Tranche 2 Shares: The Tranche 2 Shares shall vest upon the achievement of a Qualifying Return to Investor, provided
that the Grantee’s Employment continues through such time. 
 (b) Termination of Employment. 

(i) Subject to Section 4(b)(ii) (or any other written agreement between the Company and the Grantee with respect to
vesting and termination of shares granted under the Plan), (A) the Restricted Stock shall only vest on the dates specified above if the Grantee is then, and has continuously been, an Employee, and (B) any Restricted Stock that is not
vested pursuant to the terms of Section 4 as of the Grantee’s termination of Employment for any reason (including, for the avoidance of doubt, the Grantee’s death, disability and retirement) shall be immediately forfeited to
the Company for no consideration and the Grantee shall have no further rights to such forfeited Restricted Stock. 
  

 

	1 	If either or both tranches are intended to be exempt from Section 162(m) of the Code, additional performance metrics should be applied to the relevant tranche (e.g., “In addition, to the extent that the
Tranche [•] Shares are determined to be subject to Section 6(a)(7) of the Plan at the time of Qualifying Return to Investor, such Tranche [    ] Shares shall only vest if the Company’s earnings before interest,
tax, depreciation and amortization exceeds [a specified amount] for any of the first five fiscal years that follow the Grant Date.”). 


  
 2 








 (ii) In the event of the Grantee’s termination of Employment by the Company
without Cause, and other than due to the Grantee’s death or disability, during the twelve (12) months following a Change of Control, 100% of the then outstanding and unvested Tranche 1 Shares shall immediately vest. 

(c) Expiration. Any Restricted Stock that does not vest pursuant to its terms prior to the tenth (10th) anniversary
of the Grant Date shall immediately expire as of such date. 
 5. Tax Withholding; Section 83(b). 

(a) The Company shall have the power and the right to deduct or withhold, or require the Grantee to remit to the Company, an
amount sufficient to satisfy any federal, state, local and foreign taxes of any kind (including, but not limited to, the Grantee’s FICA and SDI obligations) which the Company, in its sole discretion, deems necessary to be withheld or remitted
to comply with the Code and/or any other applicable law, rule or regulation with respect to the Restricted Stock (the “Withholding Tax”). In the event that any previously withheld amounts are insufficient to satisfy the Withholding
Tax on account of the Restricted Stock, the Grantee shall remit to the Company, at the time required by the Company, an amount sufficient to satisfy the Withholding Tax or shall have made other arrangements satisfactory to the Company with respect
to the Withholding Tax. To the extent that the Grantee does not satisfy the Withholding Tax, the Grantee shall forfeit an additional number the shares of Restricted Stock so that the Withholding Tax on the remaining Restricted Stock has been
satisfied, as determined by the Company in its sole discretion. 
 (b) If the Grantee properly elects (as required by
Section 83(b) of the Code) within 30 days after the issuance of the Restricted Stock to include in gross income for federal income tax purposes in the year of issuance the Fair Market Value of such shares of Restricted Stock, the Grantee shall
pay to the Company or make arrangements satisfactory to the Company to pay to the Company upon such election, any federal, state or local taxes required to be withheld with respect to the Restricted Stock. The Grantee acknowledges that it is the
Grantee’s sole responsibility, and not the Company’s, to file timely and properly the election under Section 83(b) of the Code and any corresponding provisions of state tax laws if the Grantee elects to make such election, and the
Grantee agrees to timely provide the Company with a copy of any such election. 
 (c) If the Grantee shall fail to make
payment of the Withholding Tax the Company shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to the Grantee any federal, state or local taxes of any kind required by law to be withheld with
respect to the Restricted Stock, as well as the rights set forth in Section 5 hereof. 
 6. Nontransferability. The
Restricted Stock, and any rights and interests with respect thereto, issued under this Agreement and the Plan shall not, prior to vesting, be sold, exchanged, transferred, assigned or otherwise disposed of in any way by the Grantee (or any
beneficiary of the Grantee), other than by testamentary disposition by the Grantee or the laws of 

  
 3 








 
descent and distribution. Any attempt to sell, exchange, transfer, assign, pledge, encumber or otherwise dispose of or hypothecate in any way any of the Restricted Stock, or the levy of any
execution, attachment or similar legal process upon the Restricted Stock, contrary to the terms and provisions of this Agreement and/or the Plan shall be null and void and without legal force or effect. Notwithstanding the foregoing, following
vesting of any Restricted Stock, the shares granted hereunder shall continue to be subject to any restrictions provided in Section 2. 

7. Effect on Employment. Neither this Agreement nor the grant of Restricted Stock hereunder shall give the Grantee any right to be
retained in the employ of the Company or its Affiliates, affect the right of the Company or its Affiliates to discharge or discipline such Grantee at any time, or affect any right of such Grantee to terminate his or her employment at any time. 

8. Non-Competition, Non-Solicitation, Non-Disclosure. The Board shall have the right to cancel, modify, rescind, suspend, withhold or
otherwise limit the Restricted Stock, including, without limitation, canceling or rescinding this Agreement if the Board determines that the Grantee is not in compliance with any non-competition or non-solicitation or non-disclosure agreement with
the Company and such non-compliance has not been authorized in advance in a specific written waiver from the Company. In addition, in the event of any such violation of such agreement (without the advance written consent of the Company) that occurs
during the period following termination of employment covered by any such agreement, the Company may require that (a) the Grantee forfeit to the Company the shares then held by the Grantee that were received in respect of this Agreement for no
consideration; or (b) the Grantee remit or deliver to the Company (i) the amount of any gain realized upon the sale of any shares then held by the Grantee that were received in respect of this Agreement, and (ii) any consideration
received upon the exchange of any the shares then held by the Grantee that were received in respect of this Agreement (or the extent that such consideration was not received in the form of cash, the cash equivalent thereof valued at the time of the
exchange). The Company shall have the right to offset, against any shares then held by the Grantee that were received in respect of this Agreement, any amounts to which the Company is entitled as a result of Grantee’s violation of the terms of
any non-competition, non-solicitation or non-disclosure agreement with the Company or Grantee’s breach of any duty to the Company. Accordingly, Grantee acknowledges that (x) the Company may withhold delivery of Restricted Stock,
(y) the Company may place the proceeds of any sale or other disposition of shares in respect of the Restricted Stock in an escrow account of the Company’s choosing pending resolution of any dispute with the Company, and (z) the
Company has no liability for any attendant market risk caused by any such delay, withholding, or escrow. The Grantee acknowledges and agrees that the calculation of damages from a breach of an agreement with the Company or of any duty to the Company
would be difficult to calculate accurately and that the right to offset or other remedy provided for herein is reasonable and not a penalty. The Grantee further agrees not to challenge the reasonableness of such provisions even where the Company
rescinds, delays, withholds or escrows shares or proceeds or uses those shares or proceeds as a setoff. 
 9. Provisions of the Plan.
This Agreement and the Restricted Stock issued hereunder are subject to the provisions of the Plan, which are incorporated herein by reference. By accepting this Agreement, the Grantee acknowledges and agrees that a copy of the Plan has been
furnished to the Grantee. In the event of any conflict between the terms of this Agreement and the Plan, the terms of this Agreement shall control. For the avoidance of doubt, this 

  
 4 








 
Agreement, the Restricted Stock and any shares of Restricted Stock that vest pursuant to this Agreement are not subject to, and Grantee has no rights under, the Stockholders Agreement.

10. Definitions. Initially capitalized terms not otherwise defined herein shall have the meaning provided in the Plan. Otherwise
initially capitalized terms shall have the meaning provided for below: 
 “Affiliate” means, with respect to any specified
Person, (a) any other Person that directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, such specified Person, or (b) if such specified Person is a natural person, any
member of the immediate family of such specified Person. For the purposes of this Agreement, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control
with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by
agreement or otherwise. For purposes of this Agreement, none of the Company or any of its subsidiaries will be considered an Affiliate of any of the Sponsors or any of their respective Affiliates or Affiliated Funds. 

“Affiliated Fund” means, with respect to any specified Person, (a) an investment fund that is an Affiliate of such
Person or that is advised by the same investment adviser as such Person or by an Affiliate of such investment adviser or such Person or, with respect to a Person that is a Sponsor or an Affiliate of a Sponsor, (b) any other partnership, limited
liability company or other legal entity controlled (i) jointly by the Sponsors and/or their respective Affiliates or (ii) individually by a single Sponsor and/or its Affiliates, in each case (i) and (ii) that is formed to invest
directly or indirectly in the Company and that is designated as an Affiliate by the Sponsor or Sponsors that control, or whose Affiliates control, such entity. 

“Cause” shall have the meaning ascribed to such term in any employment agreement or other similar agreement between the
Grantee and the Company or any of its subsidiaries, or, if no such agreement exists, or if there are multiple such agreements and the provisions of such agreements conflict, means (a) the Grantee’s failure to perform (other than by reason
of disability), or material negligence in the performance of, his or her duties and responsibilities to the Company or any of its Affiliates; (b) material breach by the Grantee of any provision of this Agreement or any employment or other
written agreement; or (c) other conduct by the Grantee that is materially harmful to the business, interests or reputation of the Company or any of its Affiliates. 

“Change of Control” means (a) any consolidation or merger of the Company with or into any other corporation or other
Person, or any other corporate reorganization or transaction (including the acquisition of capital stock of the Company), whether or not the Company is a party thereto, after which the Sponsors and their respective Affiliated Funds and Affiliates do
not directly or indirectly control capital stock representing more than 25% of the economic interests in and 25% of the voting power of the Company or other surviving entity immediately after such consolidation, merger, reorganization or
transaction; (b) any sale or other transaction or series of related transactions, whether or not the Company is a party thereto, after which in excess of 50% of the Company’s voting power is owned directly or indirectly by any Person and
its “affiliates” 

  
 5 








 
or “associates” (as such terms are defined in the rules adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended), other than the Sponsors
and their respective Affiliated Funds and Affiliates (or a group of Persons that includes such Persons); or (c) a sale of all or substantially all of the assets of the Company to any Person and the “affiliates” or
“associates” of such Person (or a group of Persons acting in concert), other than the Sponsors and their respective Affiliated Funds and Affiliates (or a group of Persons that includes such Persons). 

“Investor Shares” means shares of any type held by Clear Channel Capital IV, LLC and any successors in interest thereto and
Clear Channel Capital V, L.P. and any successors in interest thereto, (each, an “Investor”) and shall include any stock, securities or other property or interests received by the Investors in respect of Investor Shares in connection
with any stock dividend or other similar distribution, stock split or combination of shares, recapitalization, conversion, reorganization, consolidation, split-up, spin-off, combination, repurchase, merger, exchange of stock or other transaction or
event that affects the Company’s capital stock occurring after the date of issuance. 
 “Person” means any natural
person or individual, partnership, corporation, company, association, trust, joint venture, limited liability company, unincorporated organization, entity or division, or any government, governmental department or agency or political subdivision
thereof. 
 “Public Offering” means a public offering and sale of shares of common stock of the Company, for cash pursuant
to an effective registration statement under the Securities Act of 1933, as amended. 
 “Qualified Public Offering” means
the first underwritten Public Offering after the date hereof pursuant to an effective registration statement (other than on Form S-4, S-8 or a comparable form) in connection with which the Company or any of the Sponsors or their respective
Affiliates or Affiliated Funds receives sale proceeds therefrom. 
 “Qualifying Return to Investor” means the return to the
Sponsors and their respective Affiliates and Affiliated Funds, measured in the aggregate, on their cash investment to purchase Investor Shares, taking into account the amount of all cash dividends and cash distributions to the Sponsors and their
respective Affiliates and Affiliated Funds in respect of their Investor Shares and all cash proceeds to the Sponsors and their respective Affiliates and Affiliated Funds from the sale or other disposition of such Investor Shares. For the avoidance
of doubt, the “Qualifying Return to Investor” shall be considered achieved when the return(s) described in the preceding sentence are, in the aggregate, equal to or in excess of the aggregate cash investment used to purchase the Investor
Shares. 
 “Sponsors” shall mean Bain Capital (CC) IX L.P. and its Affiliates and THL Equity Fund VI, L.P. and its
Affiliates. 
 11. Compliance with Laws. The issuance of the Restricted Stock or unrestricted shares pursuant to this Agreement shall
be subject to, and shall comply with, any applicable requirements of any foreign and U.S. federal and state securities laws, rules and regulations (including, without limitation, the provisions of the Securities Act, the Exchange Act and in each


  
 6 








 
case any respective rules and regulations promulgated thereunder) and any other law or regulation applicable thereto. The Company shall not be obligated to issue the Restricted Stock or any of
the shares pursuant to this Agreement if any such issuance would violate any such requirements. 
 12. Section 409A.
Notwithstanding anything herein or in the Plan to the contrary, the shares of Restricted Stock are intended to be exempt from the applicable requirements of Section 409A of the Code and shall be limited, construed and interpreted in accordance
with such intent. 
 13. Governing Law. All questions concerning the construction, validity and interpretation of this Agreement
shall be governed by, and construed in accordance with, the laws of the State of Delaware, without regard to the choice of law principles thereof. 

14. General. For purposes of this Agreement and any determinations to be made by the Administrator or the Committee, as the case may
be, hereunder, the determinations by the Administrator or the Committee, as the case may be, shall be final and binding upon the Grantee and any transferee. 

15. Lock-Up. The Grantee agrees that in connection with a Public Offering, upon the request of the Company or the managing
underwriters(s) of such Public Offering, the Grantee will not sell, transfer, make any short sale of, loan, grant any option for the purchase of, pledge, enter into any swap or other arrangement that transfers any of the economic ownership, or
otherwise encumber or dispose of the Restricted Stock or any portion thereof for such period as the Company or such managing underwriter(s), as the case may be, may request, commencing on the effective date of the registration statement relating to
such Public Offering and continuing for not more than 90 days (or 180 days in the case of any Public Offering up to and including the Qualified Public Offering), except with the prior written consent of the Company or such managing underwriter(s),
as the case may be. The Grantee also agrees that he or she will sign a “lock up” or similar arrangement in connection with a Public Offering on terms and conditions that the Company or the managing underwriter(s) thereof deems necessary or
desirable. 
 16. Consent. By signing this Agreement, the Grantee acknowledges and agrees that: 

(a) the Company and the Company’s Affiliates are permitted to hold and process personal (and sensitive) information and
data about the Grantee as part of its personnel and other business records and may use such information in the course of its business; 

(b) they may disclose such information referenced in Section 16(a) to third parties, including where they are
situated outside the European Economic Area, in the event that such disclosure is in their view required for the proper conduct of their business; and 

(c) this Section applies to information held, used or disclosed in any medium. 

  
 7 








 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed under its corporate seal
by its duly authorized officer. This Agreement shall take effect as a sealed instrument. 
  

			
	IHEARTMEDIA, INC.
		
	By:	 	 
	Name:
	Title:


  

			
	Dated:	 	 
	
	Acknowledged and Agreed
		
	   
	 	   

	Name: [Grantee]

 Address of Principal Residence: 

[ADDRESS]