Document:

Exhibit 10.8

 

Interest Rate
Swap Transaction

 

The
purpose of this letter agreement is to confirm the terms and conditions of
the Transaction entered into between:

 

CITIBANK, N.A.

(“Citibank”)

 

and

 

HARLEY-DAVIDSON MOTORCYCLE TRUST 2008-1

(the “Counterparty”)

 

on the
Trade Date and identified by the Citibank Deal Number specified below
(the “Transaction”). This letter agreement constitutes a “Confirmation” as
referred to in the Master Agreement specified below, and supersedes any
previous confirmation or other writing with respect to the transaction
described below.

 

The definitions and
provisions contained in the 2006 ISDA Definitions (as published by the
International Swaps and Derivatives Association, Inc., the “Definitions”)
are incorporated into this Confirmation. 
In the event of any inconsistency between the Definitions and this
Confirmation, this Confirmation will govern.

 

Terms not otherwise defined
herein shall have the respective meaning set forth in the Indenture relating to
the Counterparty’s USD540,000,000 Motorcycle Contract Backed Notes and dated as
of 15 February 2008 (the “Indenture”), between the Counterparty, as
issuer, and The Bank of New York Trust Company, N.A., not in its individual
capacity but solely in its capacity, as indenture trustee (the “Indenture
Trustee”).

 

This
Confirmation supplements, forms part of, and is subject to, the ISDA
Master Agreement dated as of 15 February 2008, as amended
and supplemented from time to time (the “Agreement”), between Citibank and the
Counterparty.  All provisions contained in the Agreement govern this
Confirmation except as expressly modified below.

 

1

 

	
  The
  terms of the particular Interest Rate Swap Transaction to which
  this Confirmation relates are as follows:

  
	
   

  	
   

  	
   

  
	
  A. TRANSACTION DETAILS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Citibank Deal
  Number(s):

  	
   

  	
  M081715

  
	
   

  	
   

  	
   

  
	
  Notional
  Amount:

  	
   

  	
  For each Calculation
  Period, the Outstanding Amount of the Class A-3b Notes as of the close
  of business on the Payment Date that
  is the first day of each Calculation Period, as stated in Servicer’s monthly investor report relating to such
  Payment Date (“Monthly Report”), or for the first Calculation Period,
  USD70,000,000.00. The Counterparty
  will cause the Monthly Report relating to such calculation period to be
  delivered to Citibank on or prior to the date such Monthly Report is required
  to be delivered pursuant to the Transaction Documents.

  
	
   

  	
   

  	
   

  
	
  Trade
  Date:

  	
   

  	
  15
  February 2008

  
	
   

  	
   

  	
   

  
	
  Effective
  Date:

  	
   

  	
  20
  February 2008

  
	
   

  	
   

  	
   

  
	
  Termination
  Date:

  	
   

  	
  The
  earliest of (i) 15 February 2013 or (ii) the date on which the
  Notional Amount hereunder has been reduced to zero, subject to adjustment in
  accordance with the Modified Following Business Day Convention and subject to
  Early Termination in accordance with the terms of the Agreement.

  
	
   

  	
   

  	
   

  
	
  Fixed Amounts:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Fixed
  Rate Payer:

  	
   

  	
  Counterparty

  
	
   

  	
   

  	
   

  
	
  Fixed
  Rate Payer Payment Dates:

  	
   

  	
  The
  15th of each month in each year, from and including 15
  March 2008 to and including the Termination Date, subject to
  adjustment in accordance with the Modified Following Business Day
  Convention and there will be No Adjustment to any Calculation Period.

  
	
   

  	
   

  	
   

  
	
  Fixed
  Rate:

  	
   

  	
  4.31000%

  
	
   

  	
   

  	
   

  
	
  Fixed
  Rate Day Count Fraction:

  	
   

  	
  30/360

  
	
   

  	
   

  	
   

  
	
  Business
  Days:

  	
   

  	
  New
  York

  

 

2

 

	
  Floating Amounts:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Floating
  Rate Payer:

  	
   

  	
  Citibank

  
	
   

  	
   

  	
   

  
	
  Floating
  Rate Payer Payment Dates:

  	
   

  	
  The
  15th of each month in each year, from and including 15
  March 2008 to and including the Termination Date, subject to
  adjustment in accordance with the Modified Following Business Day
  Convention and there will be an adjustment to each Calculation Period.

  
	
   

  	
   

  	
   

  
	
  Floating
  Rate for initial Calculation Period:

  	
   

  	
  4.61375%

  
	
   

  	
   

  	
   

  
	
  Floating
  Rate Option:

  	
   

  	
  USD-LIBOR-BBA

  
	
   

  	
   

  	
   

  
	
  Reset
  Dates:

  	
   

  	
  The
  first day of each Calculation Period.

  
	
   

  	
   

  	
   

  
	
  Spread:

  	
   

  	
  Plus
  1.50000%

  
	
   

  	
   

  	
   

  
	
  Compounding:

  	
   

  	
  Inapplicable

  
	
   

  	
   

  	
   

  
	
  Floating
  Rate Day Count Fraction:

  	
   

  	
  Actual/360

  
	
   

  	
   

  	
   

  
	
  Designated
  Maturity:

  	
   

  	
  1
  Month

  
	
   

  	
   

  	
   

  
	
  Business
  Days:

  	
   

  	
  New
  York

  
	
   

  	
   

  	
   

  
	
  Calculation
  Agent:

  	
   

  	
  Citibank,
  unless otherwise stated in the Agreement.

  
	
   

  	
   

  	
   

  
	
  B. ACCOUNT DETAILS

  	
   

  	
   

  
	
  Payments
  to Citibank in USD:

  	
   

  	
  CITIBANK
  NEW YORK

  
	
   

  	
   

  	
  CITIBANK
  N.A.

  
	
   

  	
   

  	
  ABA:
  021000089

  
	
   

  	
   

  	
  AC
  No: 00167679

  
	
   

  	
   

  	
  SWIFT
  code: CITIUS33

  
	
   

  	
   

  	
  Ref:
  HDMOT 2008-1

  
	
   

  	
   

  	
   

  
	
  Payments
  to Counterparty in USD:

  	
   

  	
  As
  per your standard settlement instructions.

  
	
   

  	
   

  	
   

  
	
  C. OFFICES

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Citibank:

  	
   

  	
  NEW
  YORK

  

 

3

 

D. DOCUMENTS TO BE DELIVERED

 

Each
party shall deliver to the other, at the time of its execution of this
Confirmation, evidence of the incumbency and specimen signature of the
person(s) executing this Confirmation, unless such evidence has been
previously supplied and remains true and in effect.

 

E.  RELATIONSHIP BETWEEN
PARTIES

 

Each
party will be deemed to represent to the other party on the date on which it
enters into an Interest Rate Swap Transaction that (absent a written agreement
between the parties that expressly imposes affirmative obligations to the
contrary for that Interest Rate Swap Transaction):

 

(a)           Non-Reliance.  It is acting for its own account, and it has
made its own independent decision to enter into that Interest Rate Swap
Transaction and as to whether that Interest Rate Swap Transaction is
appropriate or proper for it based upon its own judgment and upon advice from
such advisers as it has deemed necessary. It is not relying on any
communication (written or oral) of the other party as investment advice or as a
recommendation to enter into that Interest Rate Swap Transaction; it being
understood that information and explanations related to the terms and
conditions of an Interest Rate Swap Transaction shall not be considered
investment advice or a recommendation to enter into that Interest Rate Swap
Transaction.  No communication (written
or oral) received from the other party shall be deemed to be an assurance or
guarantee as to the expected results of that Interest Rate Swap Transaction.

 

(b)           Assessment and
Understanding.  It is capable
of assessing the merits of and understanding (on its own behalf or through
independent professional advice), and understands and accepts, the terms,
conditions and risks of that Interest Rate Swap Transaction.  It is capable of assuming, and assumes the
risks of that Interest Rate Swap Transaction.

 

(c)      Status of Parties.   The other party is not acting as a fiduciary
for or an adviser to it in respect of that Interest Rate Swap Transaction.

 

4

 

Please
confirm that the foregoing correctly sets forth the terms of our agreement by
executing a copy of this Confirmation and returning it to us or by sending to
us a letter, telex or facsimile substantially similar to this letter, which
letter, telex or facsimile sets forth the material terms of the Transaction to
which this Confirmation relates and indicates agreement to those terms. When
referring to this Confirmation, please indicate: Citibank Deal
Number(s): M081715

 

 

	
  Citibank,
  N.A.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:
  /s/ Frank A. Licciardello

  	
   

  
	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Frank
  A. Licciardello

  	
   

  
	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Authorized
  Signatory

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Accepted
  and confirmed as of the date

  first written:

  	
   

  
	
  HARLEY-DAVIDSON

  MOTORCYCLE TRUST 2008-1

  

  By:  Wilmington Trust Company, not

  in its individual capacity but solely as

  Owner Trustee on behalf of the

  Counterparty

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:
  /s/ Erik E. Overcash

  	
   

  
	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Erik
  E. Overcash

  	
   

  
	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Financial
  Services Officer

  	
   

  
	
   

  	
   

  
	
  Your
  reference number:

  	
   

  	
   

  	
   

  
							

 

5EMPLOYMENT
AGREEMENT

 

This Agreement is
made as of the          day of December 2007,
by and between Entercom Communications Corp., a Pennsylvania corporation
(hereinafter referred to as the “Company” or 
“we”), and Stephen F. Fisher (hereinafter referred to as “you”).

 

The parties hereto agree
to amend the terms of your employment with the Company as follows:

 

1.    Term    The term of this Agreement shall commence
as of the date first written above (the “Effective Date”) and continue through February 28,
2011, subject to termination as provided herein.  This Agreement shall automatically renew from
year to year thereafter, unless either party gives at least 120 days prior
written notice of its election to either terminate or to renegotiate the terms
of this Agreement at the end of the original or any then current renewal term.

 

2.     Salary and Benefits     You will be paid a salary as follows:

 

(a)           For the period from the Effective
Date to February 29, 2008 you will be paid a semi-monthly salary of  $20,833.33 (annual rate of $500,000).

 

(b)           For
the period from March 1, 2008 to February 28, 2009 you will be paid a
semi-monthly salary of $22,500.00 (annual rate of $540,000).

 

(c)           Commencing
March 1, 2009 and each March 1, thereafter, your salary shall be increased
by the percentage increase in the Consumer Price Index for all Urban Consumers
(“CPI-U”) as published by the U.S. Department of Labor for the immediately
preceding January compared to the CPI-U for the month of January one
year earlier.

 

Such salary and any other
compensation to be paid to you hereunder will be subject to all payroll
deductions or withholding authorized by you or required by federal, state or
local laws or regulations.

 

In addition, you will be
eligible to participate in the Company’s 401(k) Plan and you will be
provided with coverage under the Company’s life insurance and LTD insurance
plans and any other benefits generally available to officers of the Company,
and you and your dependents will be provided with coverage under the Company’s
major medical and dental insurance plans.

 

3.     Annual Incentive Bonus.  You will be eligible for an annual cash bonus
of up to: (i) $375,000 with respect to the 2007 fiscal year of the Company
(payable in 2008) and $400,000 with respect to the 2008 fiscal year of the
Company (payable in 2009); (ii) the amount of the immediately preceding
year’s maximum bonus adjusted by the percentage change in the CPI-U over the
year for which the bonus is paid with respect to 2009 and each fiscal year
thereafter (payable in the year following the year in question).  The actual amount of such bonus will be
determined in the sole discretion of the Compensation Committee of the 

 

 

Board of Directors based
on a review of the Company’s performance and your performance during the fiscal
year then ended.  You must work through
the end of the fiscal year in question to be eligible for the bonus for that
year and the bonus will be determined and then paid after the completion of the
financial statements for the fiscal year in question.

 

4.     Stock Options.   On December 20, 2007 you will be
awarded options to purchase 150,000 shares of Class A common stock of the
Company under the Entercom Equity Compensation Plan (the “Plan”).  Such options shall have a strike price equal
to the closing price of the Company’s Class A common stock on December 20,
2007, a ten-year term and will vest 25% per year at the end of each of the
first four years of full time employment following February 29, 2008,
except as provided herein. If your employment with the Company is terminated
for Cause (as defined in the Plan) all unexercised options will be forfeited in
accordance with the terms of the Plan. 
If your employment is terminated by the Company without Cause all option
grants not then vested will continue to vest as set forth in paragraphs 8(c) hereof;
except that, (i) if such termination is due to your death all unexercised
options that you then hold shall fully vest or (ii) if such termination is
due to your disability, the vesting of options shall be as provided in the Plan
in effect as of the date of this Agreement. 
Any vested options at the time of the termination of your employment by
the Company by reason of your death or disability may be exercised at any time
within the shorter of the expiration of the original ten (10) year term of
the option on question or two (2) years from the date of such termination
of your employment.  The foregoing
notwithstanding, if you violate any of the Restrictive Covenants contained in
paragraph 9 hereof, all unexercised options will be forfeited.    Such options will contain such other terms
as determined by the Compensation Committee of the Board of Directors.  Any option grants hereunder shall be adjusted
for any dilution event as described in paragraph 3(b) of the Plan.  The foregoing grant of options to purchase
150,000 shares of Class A common stock is intended to be all of your
option grants during the initial Term of this Agreement ending on February 28,
2011 and it is not anticipated that you will receive any further option grants
until after February 28, 2011. 
Subject to the approval of the Compensation Committee of the Board of
Directors, commencing on March 1, 2011 you will be eligible for
discretionary grants of options to purchase Class A common stock of the
Company under the Plan.  Any other
options that you currently hold will continue in effect in accordance with
their existing terms.

 

5.     Restricted Stock

 

(a)           You will be granted 130,000 shares of
Restricted Stock under the Plan effective on February 29, 2008. One-third
(1/3rd) of these shares of Restricted Stock will vest (i.e. the
restrictions will be removed) and the unrestricted shares will be issued to you
on each of the following dates: February 28, 2009, February 28,
20010, and February 28, 2011.   The
foregoing grant of shares of Restricted Stock is intended to be all of your
Restricted Stock grants during the initial Term of this Agreement ending on February 28,
2011 and it is not anticipated that you will receive any further Restricted
Stock grants until after February 28, 2011.  Subject to the approval of the Compensation
Committee of the Board of Directors, commencing on March 1, 2011 you will
be eligible for discretionary grants of shares of Restricted Stock of the
Company under the Plan

 

(b)           If your employment with the Company
is terminated for Cause (as defined in

 

 

the Plan), all unvested
Restricted Stock grants will be forfeited.  
If your employment is terminated by the Company without Cause, all
Restricted Stock grants not then vested will continue to vest as set forth in
paragraph 8(c) hereof; except that, (i) if such termination is due to
your death, all unvested shares of Restricted Stock that you then hold shall
fully vest or (ii) if such termination is due to your disability, the
vesting of Restricted Stock (except as provided in the next sentence) shall be
as provided in the Plan in effect as of the date of this Agreement.  The foregoing notwithstanding, in the event
of your disability, as defined in the Plan, the 130,000 shares of Restricted
Stock granted pursuant to Section 5(a) will vest (i.e. the
restrictions will be removed) and the unrestricted shares will be issued to
you. The foregoing notwithstanding, if you violate any of the Restrictive
Covenants contained in paragraph 9 hereof any unvested Restricted Stock grants
and undelivered shares of unrestricted stock will be forfeited.  Such Restricted Stock grants will be in the
form of previous grants except as modified by the terms of this Agreement.  Any Restricted Stock grants hereunder shall
be adjusted for any dilution event as described in paragraph 3(b) of the
Plan.

 

(c)           On the Effective date you hold 35,000
shares of Restricted Stock that were granted on April 6, 2006 and that
vest on the achievement of specified stock market prices for the Company’s Class A
common stock by specified dates (the “Performance Based Shares”).  On the Effective Date the Performance Based
Shares shall be modified to provide that they shall all vest (i.e. the
restrictions will be removed) and the unrestricted shares will be issued to you
one year after the Effective Date if not earlier vested or forfeited as
provided herein.

 

(d)           On the Effective Date you hold 80,000
shares of Restricted Stock (45,000 of which were granted on April 6, 2006
and 35,000 of which were granted on January 29, 2007) that vest on varying
dates after the Effective date (the “Time Based Shares”).  Upon execution of this Agreement by both
parties the Time Based Shares shall be modified to provide that they shall vest
(i.e. the restrictions will be removed) and the unrestricted shares will be
issued to you effective on the Effective Date.

 

(e)           Any other shares of Restricted Stock
(other than the Performance Based Shares and the Time Based Shares) that you currently
hold will continue to vest in accordance with their currently existing terms.

 

6.     Car Allowance     You will receive a monthly car allowance
of $1,500 per month for each month that this Agreement is in effect.

 

7.     Duties     As Executive Vice President-Operations and
Chief Financial Officer of the Company you will be responsible for the general
management and supervision of the fiscal affairs of the Company and discharge
such other duties as may from time to time be assigned by the Board of
Directors, the CEO or the President of the Company.  As part of such duties and responsibilities,
you shall see that a full and accurate accounting of all financial transactions
of the Company is made, oversee the investment and reinvestment of the capital
funds of the Company, cooperate in the conduct of the annual audit of the
Company’s financial records and manage the relationships with the Company’s
lenders and investors.  In addition you
will oversee the Legal, Technical and HR functions of the Company and will
coordinate and invigorate the activities of the entire Corporate Team to help
facilitate 

 

 

exceeding the Company’s
business goals.  You agree that you will
devote your full time and best efforts to the Company’s business and will not
accept any outside employment without the prior written consent of the Company.

 

8.     Termination     This Agreement may be terminated during
the original term or any renewal term as follows:

 

(a)     The Company may terminate this Agreement at
any time for cause and without further obligation hereunder.

 

(b)           You may terminate this Agreement for
any reason at any time after August 31, 2009 by giving the Company at
least 120 days prior written notice of termination.   In the event you terminate this Agreement
pursuant to this paragraph 8(b), then (i) after the date of such
termination there will be no further vesting of any options or Restricted Stock
that you then hold, you will have 90 days from the date of such termination to
exercise any vested options and after such 90th day all unexercised
options will terminate as provided in the Plan, (ii) you will not be
entitled to any severance or other payment as a result of such termination
except for any salary, bonus or unused vacation earned through the date of
termination, and (iii) all provisions of this Agreement that extend beyond
termination, including without limitation the restrictive covenants in
paragraph 9 hereof, shall apply.

 

(c)           The Company may terminate this
Agreement at any time for its convenience and without cause.  In the event of such a termination without
Cause subject to the conditions set forth below, the Company shall be obligated
to pay to you a one-time bonus (computed as set forth below) and continue to pay
the salary and auto allowance for the period through February 28, 2011 or
one (1) year from the date of such termination, whichever is longer, and
all grants of options and Restricted Stock made through the effective date of
such termination will continue to vest through the period ending on February 28,
2011, as if you had remained employed hereunder through that date.  Any vested options at the time of such
termination of your employment, or which later vest as provided in this
Paragraph 8(c), may be exercised at any time within the later of two (2) years
from your date of termination or ninety (90) days from the date of vesting, but
in no event later than the expiration of the original 10 year term of the
option.  Such continued payments and
vesting of options and Restricted Stock are expressly conditioned on: (i) your
signing a release in form satisfactory to the Company releasing the Company and
all of its officers, directors, employees and agents from any and all claims or
liabilities arising out of your employment and/or the termination of employment
and (ii) your full compliance with the restrictive covenants contained in
paragraph 9 hereof.   For purpose of the
foregoing, the one-time bonus to be paid in accordance with the above shall be
the sum of $400,000  plus the Prorated
Prior Year’s Bonus.   For purposes of the
preceding sentence the Prorated Prior Year’s Bonus shall be the amount of the
annual bonus that you were paid in the year immediately preceding the year in
which the termination occurs prorated in accordance with the number of days
from January 1, to the date of such termination in the year in which such
termination occurs.

 

Any payments made under
paragraph 8(c) incident to a termination of employment shall be in

 

 

lieu of and in
satisfaction of all claims for severance, payment in lieu of notice or other
compensation which may otherwise arise upon termination of employment with the
Company except for salary and auto allowance earned through the date of
termination and payment of earned but unused vacation in accordance with
Company policy then in existence.

 

If this Agreement
terminates as of February 28, 2011 or any February 28th
(29th in the case of a leap year) thereafter, due to a notice
pursuant to paragraph 1 hereof by the Company, it shall not be deemed a
termination by the Company and there shall be no acceleration of the vesting of
options or Restricted Stock or extension of the period for exercise of options
after termination from that provided in the Plan and there shall be no payment
of severance (except as may be provided for under Company policy then in
effect) or continuation payments thereafter.

 

9.     Restrictive Covenants     You agree to the following Restrictive
Covenants:

 

(a)    Non-Competition     It is understood and agreed that so long
as you are employed by the Company or being paid your salary after termination
of employment as provided in this Agreement and for a period of one year
thereafter you will not directly or indirectly, provide any service either as
an employee, employer, consultant, contractor, agent, principal, partner,
substantial stockholder, corporate officer or director of or for a company or
enterprise which competes in any material manner with the then present or
planned business activities of the Company. 
The foregoing notwithstanding, if the Company either (i) elects to
terminate your employment for reasons other than Cause or (ii) offers you
a salary and bonus package which is lower than your then current package in
connection with an election by the Company to renegotiate the terms of this
Agreement and your employment terminates due to a failure to reach Agreement on
a lower salary and bonus package, then in either such event the length of the
foregoing covenant against competition shall be reduced (but not extended) to
the period following the termination of your employment which is the sum of: (i) any
period of notice provided for in this Agreement for which you are given payment
in lieu thereof; (ii) the time of any salary continuation as provided in
this Agreement plus the time equivalent, at your then current salary rate, of
any additional payments made to you in connection with such termination; and (iii) three
(3) months.  For purpose of the
foregoing “planned business activities” shall mean a business initiative
materially discussed by the Board of Directors or which is currently under
material consideration by the Board of Directors or which has been approved by
the Board of Directors.

 

(b)     Non-Solicitation     In addition it is understood and agreed
that for the one year period following any termination of your employment with
the Company you will not, without the express prior written permission of the
Company, employ, offer to employ, counsel a third party to employ, or
participate in any manner in the recommendation, recruitment or solicitation of
the employment of any person who was an employee of the Company on the date of
the termination of your employment or at any time within the 90 days prior
thereto.  In the event that any such
person shall be employed in a position under your direct or indirect
supervision within such one year period without the Company’s express prior
written permission, it shall be conclusively presumed that this restriction has
been violated.

 

 

You agree that a material
portion of the covenants of the Company contained in this Agreement and of the
compensation, including any bonuses set forth herein, benefits and training
that you will receive hereunder are consideration for the restrictions
contained in this paragraph 9.  In the
event you violate the restrictive covenants set forth in (a) or (b) above,
it is agreed that the time period for which the restrictive covenant so
violated is applicable shall be extended for a period of one (1) year from
the date you cease such violation.  You
acknowledge that any violation of the provisions set forth in this paragraph 9
may cause irreparable harm to the Company. 
You, therefore, expressly agree that the Company, in addition to any
other rights or remedies which it may possess, shall be entitled to injunctive
and other equitable relief to prevent a breach of these restrictions.

 

10.     Confidentiality
and Intellectual Property Rights    Your position involves a close and
confidential relationship in which you will be privy to proprietary information
of the Company, including without limitation strategic planning, acquisition
and investment analysis, research, consulting reports, computer programs and
sales, technical, financial and programming practices and data, all of which
you agree will be held in the strictest confidence at all times.  All copyright, trademark and/or other
intellectual property rights of any kind developed during the term of this
Agreement and relating to or useful in the Company’s business, or to your
duties hereunder (“Works”) shall
be deemed a “work for hire” and shall be and remain the sole and exclusive
property of the Company, and you shall, to the extent deemed necessary or
desirable by the Company, cooperate and assist the Company in perfecting,
filing and recording any such rights.  To
the extent that any Works are not deemed “work for hire”, Employee hereby
assigns all of the Employee’s rights in such Works to the Company and waives
any and all moral rights the Employee may have in such Works.  Employee’s obligations under this Section shall
survive the expiration or termination of this Agreement.

 

11.     No Restrictions     In making this Agreement you represent and
warrant that you are free to enter into and perform this Agreement and are not
and will not be under any disability, restriction or prohibition, contractual
or otherwise, with respect to (a) your right to execute this Agreement; (b) your
right to make the covenants contained herein; and (c) your right to fully
perform each and every term and obligation hereunder.  You further agree not to do or attempt to do,
or suffer to be done, during or after the term hereof, any act in derogation of
or inconsistent with the obligations under this Agreement.

 

12.      Miscellaneous     This Agreement constitutes the entire
agreement and understanding between you and the Company concerning the
compensation to be paid to you and all of the terms and conditions of your
employment and supercedes all prior agreements concerning same, whether written
or oral, including without limitation the Employment Agreement dated as of December 31,
2004.  Each party agrees to pay
reasonable attorney’s fees and costs incurred by the other if the other party
is successful in enforcing its rights under this Agreement in any court action,
arbitration or other proceeding.  This
Agreement supersedes any prior understandings, representations or agreements,
whether oral or written, concerning the subject matter hereof. This Agreement
may not be modified or amended except by written instrument duly executed by
each of the parties.  A waiver by either
party of any term or condition of this Agreement or the breach thereof shall
not be deemed to 

 

 

constitute a waiver of any other term or
condition of this Agreement or of any subsequent breach of any term or
condition hereof.

 

SIGNATURE PAGE FOLLOWS

 

 

IN WITNESS
WHEREOF, intending to be legally bound hereby, the parties have affixed their
hands and seals as of the date first written above.

 

	
   

  	
   

  
	
   

  	
  Stephen F. Fisher

  	
   

  
	
   

  	
   

  
	
   

  	
  Date:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Entercom Communications
  Corp.

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  Date:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]