Document:

exhibit106.htm

    
      

      

    

    

      

      FIRST
AMENDMENT TO EMPLOYMENT AGREEMENT

      

      

      FIRST
AMENDMENT (this “Amendment”), dated as of
October 29, 2009, to the Employment Agreement dated as of February 18, 2009 (the
“Employment Agreement”),
by and among LIN TV Corp., a Delaware corporation (“Parent”), and LIN Television
Corporation, a Delaware corporation with its headquarters in Providence, Rhode
Island, and a wholly-owned subsidiary of the Parent (the “Company” and, together with
Parent, the “LIN
Companies”), and Nicholas N. Mohamed (the “Executive”).

      

      W I T N E S S E T
H:

      

      WHEREAS,
the Executive and the LIN Companies are parties to the Employment Agreement;
and

      

      WHEREAS,
the parties desire to amend the Employment Agreement upon the terms and
conditions set forth herein.

       
 

      NOW
THEREFORE, in consideration of the premises and mutual covenants contained
herein, the undersigned hereby agree as follows:

       

      1.           Defined
Terms.  Terms defined in the Employment Agreement and used
herein shall have the meanings given to them in the Employment
Agreement.

       

      2.           Amendments to Section
5(b).  The following shall be added as a new Section
5(b)(iii):

       

      
        	
                “5(b)(iii)

              	
                Solely
      with respect to calendar year 2009, Executive shall be eligible to receive
      a bonus payment calculated as set forth in this paragraph (iii) using a
      baseline bonus amount equal to twenty five percent (25%) of the
      Performance Bonus Amount (the “2009 Results Bonus Base
      Amount”).  The amount of the bonus awarded to Executive,
      if any, under this paragraph (iii) shall be an amount calculated as a
      percentage of the 2009 Results Bonus Base Amount (the “2009 Results Bonus
      Percentage”).  The 2009 Results Bonus Percentage shall be
      the percentage set forth on Schedule 5(b)(2009)
      hereto that corresponds to the respective percentage by which
      Parent has achieved the EBITDA target established by the Board of Parent
      for 2009, as determined by the Compensation Committee of the Board of
      Parent.  For the avoidance of doubt, for calendar year 2009,
      Executive shall be eligible to receive a bonus payment in an amount up to
      seventy five percent (75%) of the Performance Bonus Amount, which bonus
      payment, if any, shall be determined in the sole discretion of the SVP-CFO
      of the LIN Companies and the Compensation Committee, based upon such
      factors as each may determine to be relevant, which may include the
      performance of the LIN Companies and Executive, general business
      conditions, and the relative achievement by Executive or the LIN Companies
      of any goals established by the SVP-CFO, the Board of Parent or the
      Compensation Committee.”

              

      

       

      3.           No Other Amendments;
Confirmation.  Except as expressly amended hereby, the
provisions of the Employment Agreement, as amended, are and shall remain in full
force and effect.

      

      4.           Counterparts.  This
Amendment may be executed by one or more of the parties hereto on any number of
separate counterparts, and all of said counterparts taken together shall be
deemed to constitute one and the same instrument.  This Amendment may
be delivered by facsimile transmission of the relevant signature pages
hereof.

      

      

      IN WITNESS WHEREOF, the parties have
executed this Amendment as of the date first above written.

      

      EXECUTIVE:

       

      
 

                                                                                                     
/s/ Nicholas N.
Mohamed

      Nicholas
N. Mohamed

       
 

      

      

      LIN TV
CORP.

      

      

      By:       /s/ Denise M.
Parent                                               

      Name: 
Denise M. Parent

      Title:   
Vice President General Counsel

      

      

      LIN
TELEVISION CORPORATION

      

      

      By:       /s/ Denise M.
Parent                                               

      Name: 
Denise M. Parent

      Title:   
Vice President General
Counsel                     

      

    
      

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Schedule 5(b) (2009)

     

    
          Percent of 

                EBITDA         Bonus

     

             
 80.0%                                           
Zero

             
 82.0%                                            
32.5%

                  
84.0%                                            
40.0%

            
  86.0%                                            
47.5%

                  
    88.0%                                          
  55.0%

             
 90.0%                                            
62.5%

            
  92.0%                                            
70.0%

            
  94.0%                                            
77.5%

            
  96.0%                                            
85.0%

            
  98.0%                                            
92.5%

            
 100.0%                                          
100.0%

            
 101.0%                                          
110.0%

            
 102.0%                                          
120.0%

            
 103.0%                                          
130.0%

            
 104.0%                                          
140.0%

            
 105.0%                                          
150.0%

            
 106.0%                                          
160.0%

            
 107.0%                                          
170.0%

            
 108.0%                                           180.0%

            
 109.0%                                          
190.0%

            
 110.0%                                           200.0%exhibit107.htm

    
      

      

    

    CLARIFICATION
OF THE

    SUPPLEMENTAL
BENEFIT RETIREMENT PLAN

    OF
LIN TELEVISION CORPORATION

    AND
SUBSIDIARY COMPANIES

    

    
 

    WHEREAS, LIN Television Corporation
(the “Company”) sponsors the Supplemental Benefit Retirement Plan of LIN
Television Corporation and Subsidiary Companies (the "Plan") originally
effective January 1, 1983 and amended and restated effective December 21,
2004;

    

    WHEREAS, pursuant to the terms of the
Plan, the Company has the authority and discretion to amend the Plan;
and

    

       
WHEREAS, the Company previously amended the Plan to provide that the Plan shall
be interpreted and administered in accordance with Section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”); and

    

        WHEREAS, the Company
has determined that the Second Amendment to the Plan does not completely reflect
the Company’s intent with respect to the payment of benefits under the Plan,
which was fully explained in the proxy statements of LIN TV Corp., the Company’s
parent company, for the annual meetings held in 2008 and 2009; and

    

       
WHEREAS, the Company wishes to clarify the Plan to ensure that its provisions
clearly reflect the intent of the Company and to comply with Section 409A of the
Code and the regulations and other guidance issued thereunder; and

    

        WHEREAS, this
clarification, similar to the Second Amendment, is effective as to benefits
earned or vested within the meaning of Section 409A of the Code after December
31, 2004;

    

       
NOW, THEREFORE, the Plan is clarified, effective January 1, 2005, as
follows:

    

    Section
2(b) of the Plan is hereby replaced in its entirety with the
following:

    

    “(b)           Timing
and Form of Payment.

    

     

    (i)  Traditional Pension
Participants.  If a Traditional Pension Participant or
Beneficiary, both as defined in the Retirement Plan, is entitled to a benefit
pursuant to Section 2(a), LIN shall pay such Traditional Pension Participant or
Beneficiary an annuity actuarially equivalent to the amount payable under
Section 2(a) based on such tables and interest rates as may be adopted from time
to time for the purpose of computing such actuarial equivalents under The
Retirement Plan.  This benefit shall commence at the later of the
Normal Retirement Date, as defined in the Retirement Plan, or the date of the
Participant’s “separation from service” with LIN (within the meaning of Section
409A of the Code), subject to the six-month delay for specified employees
described below.

     

    (ii)  Cash Balance
Participants.  If a Cash Balance Participant or Beneficiary,
both as defined in the Retirement Plan, is entitled to a benefit pursuant to
Section 2(a), LIN shall pay such Cash Balance Participant or Beneficiary a
single lump sum payment actuarially equivalent to the amount payable under
Section 2(a) based on such tables and interest rates as may be adopted from time
to time for the purpose of computing such actuarial equivalencies under the
Retirement Plan.  LIN shall pay the lump sum amount six months after
the Cash Balance Participant’s “separation from service” with LIN (within the
meaning of Section 409A of the Code).

     

    Notwithstanding
any provision of the Plan, including any amendment to the Plan to the contrary,
no payment under the Plan shall be made to or on behalf of a specified employee,
as defined by Section 409A of the Code and the regulations promulgated
thereunder, earlier than the date that is six months after the date on which the
specified employee separated from service with LIN (within the meaning of
Section 409A of the Code), unless such earlier payment would not subject to
specified employee to adverse consequences under Section 409A.”

     

    

    

    Adopted
this 29th day
of October, 2009

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