Document:

Exhibit 10.2

 

CONFIDENTIAL TREATMENT

 

 

Amendment #1 to the

License Agreement dated October 2, 2003

made by and between

Chiron Healthcare Ireland, Ltd.

and

Cubist Pharmaceuticals, Inc.

 

Incorporating the terms and
conditions of the License Agreement effective as of October 2, 2003 made by and
between Chiron Healthcare Ireland, Ltd. and Cubist Pharmaceuticals, Inc.
(hereinafter referred to as the “Agreement”),
the Agreement is amended, effective as of April 1, 2004, as set forth
herein.  Capitalized terms in this
Amendment #1 shall have the same meaning as in the Agreement.

 

1.                                       The
second paragraph of Section 7.3(a) of the Agreement is hereby deleted in its
entirety and replaced with the following:

 

“For purposes of this Section 7.3, the first Royalty Year with respect
to all Licensed Products shall commence on the date of Commercial Launch by
Chiron or any of its Affiliates in any country within the Territory and end on
December 31st of the year in which the earlier of the following two
dates occur (i) the date of [*] within the Territory or (ii) the date
cumulative [*] in all countries in the Territory [*].  Each succeeding Royalty Year shall commence
on January 1 of the ensuing year and end on December 31 of such
year.  Accordingly, the determination of
the Royalty Year for the purpose of determining the Royalty Rate which applies
shall not be either on a Licensed Product-by-Licensed Product basis or on a
country-by-country basis.”

 

All of the other terms and
conditions of the Agreement shall continue in full force and effect.  This Amendment #1, together with the
Agreement, constitutes the entire agreement between the parties hereto
regarding the subject matter hereof and supercedes any prior or contemporaneous
agreement, understanding or negotiations.

 

	
  CHIRON
  HEALTHCARE IRELAND, LTD.

  	
  CUBIST
  PHARMACEUTICALS, INC.

  
	
   

  	
   

  
	
  By:

  	
  /s/ Hans Bishop

  	
   

  	
  By:

  	
  /s/ Oliver
  Fetzer

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Hans Bishop

  	
   

  	
  Name:

  	
  Oliver Fetzer

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  President,
  Chiron BioPharmaceuticals

  	
   

  	
  Title:

  	
  SVB and Chief Business Officer

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
  30/3/04

  	
   

  	
  Date:

  	
  March 30, 2004

  	
   

  
							

 

 

	
  CHIRON
  CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Craig Wheeler

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Craig
  Wheeler

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  President,
  Chiron BioPharmaceuticals

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
  April 30, 2004Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is effective as of this 4th day of August, 2004, between Sinclair Broadcast
Group, Inc., a Maryland corporation (“SBG”), and Barry M. Faber (“Employee”).

 

R E C I T A L S

 

A.            SBG, through its direct and indirect wholly-owned
subsidiaries, owns or operates television 
broadcast stations.

 

B.            Pursuant to that certain employment agreement
(the “First Employment Agreement”) effective as of February 21, 1997, the
Employee was employed by Sinclair Communications, Inc. as Associate General
Counsel.

 

C.            Subsequently, due to Employee’s promotion,
Employee entered into an Employment Agreement dated February 28, 2000, which
superceded the former Employment Agreement (the “Second Employment Agreement”).

 

D.            As Employee has been elected to the office of
Vice President of SBG  and Vice
President of its wholly-owned subsidiary, Sinclair Television Group, Inc.
(“STG”) and additionally assumed the position of General Counsel to both SBG
and STG, the parties have determined that it is in their collective best
interests to enter into this Agreement.

 

NOW, THEREFORE, IN CONSIDERATION OF the mutual covenants herein contained, the
parties hereto agree as follows:

 

1.             Duties.

 

1.1.         Duties Upon
Employment.                Upon the terms and subject to the other
provisions of this Agreement, Employee will continue to be employed by SBG and
STG as Vice President and General Counsel of SBG and STG, respectively.  As the Vice President of SBG and STG and
General Counsel of SBG and STG, Employee will:

 

(a)           report (i) primarily to the Chief Executive
Officer of SBG (the “SBG CEO”) and the Executive Vice President of SBG (the
“Executive VP”), , and (ii) to such other officer(s) of SBG as the SBG CEO or
Executive VP may from time to time designate;

 

 

(b)           have such responsibilities and perform such
duties as may from time to time be established by SBG’s or STG’s Board of
Directors (collectively, the “Board”), the SBG CEO, or the Executive VP.

 

1.2.         Full-Time
Employment.    While an employee of SBG, Employee agrees to
devote Employee’s full working time, attention, and best efforts exclusively to
the business of SBG and STG and its direct and indirect subsidiaries.

 

2.             Term.

 

2.1.         Term.     The term of Employee’s employment under this Agreement
(the “Employment Term”) will begin on the Effective Date and continue until
employment is terminated in accordance with Section 4.

 

2.2.         At Will
Employment. 
Notwithstanding anything else in this Agreement, including, without
limitation, the provisions of Section 2.1. or Section 3. of this Agreement, the
employment of Employee is not for a specified period of time, and SBG, STG, or
Employee may terminate the employment of Employee with or without Cause (as
defined below) at any time for any reason.  There is not as of this date, nor will there be in the future,
unless in a writing signed by all of the parties to this Agreement, any express
or implied agreement as to the continued employment of Employee.

 

3.             Compensation and Benefits.

 

3.1.         Compensation.    Employee shall
be entitled during each employment year to the compensation determined by the
Compensation Committee of SBG (the “Compensation Committee”), which
compensation may include the right to earn bonuses as determined by the
Compensation Committee.  Any such bonus
shall be determined and payable after all financial, ratings, and/or other data
necessary for the determination of such amount is available to the Company.

 

3.2.         Vacation.              During each
Employment Year, Employee shall be entitled to paid vacation leave in an amount
equal to one (1) week plus the amount otherwise determined in accordance with
such policies in effect at SBG from time to time.  For purposes of determining vacation leave available to Employee
as of the date of this Agreement and subsequent periods, Employee shall be
credited with any time served while an employee of Sinclair Communications,
Inc.

 

3.3.         Health
Insurance and Other Benefits.            During the Employment Term, Employee shall be
eligible to participate in health insurance programs that may from time to time
be provided by SBG for its employees generally, and Employee shall be eligible
to participate in other employee benefits plans that may from time to time be
provided by SBG to its employees generally.

 

2

 

3.4.         Tax Issues.            To the
extent taxable to Employee, Employee will be responsible for accounting for and
payments of taxes on the benefits provided to Employee by SBG, and Employee
will keep such records regarding uses of these benefits as SBG reasonably
requires and will furnish SBG all such information as may be reasonably
requested by SBG with respect to such benefits.

 

3.5.         Expenses.              SBG
will pay or reimburse Employee from time to time for all expenses incurred by
Employee during the Employment Term on behalf of SBG in accordance with
corporate policies established by SBG; provided, that (i) such expenses must be
reasonable business expenses, and (ii) Employee supplies to SBG itemized
accounts or receipts in accordance with SBG’s procedures and policies with
respect to reimbursement of expenses in effect from time to time.

 

4.             Employment Termination.

 

4.1.         Termination of
Employment.

 

(a)           The Employment Term will end, and the parties
will not have any rights or obligations under this Agreement (except for the
rights and obligations under those Sections of this Agreement which are
continuing and will survive the end of the Employment Term, as specified in
Section 8.10 of this Agreement, on the earliest to occur of the following
events (the “Termination Date”):

 

(1)           the death of Employee;

 

(2)           the Disability (as defined in Section 4.1(b)
below) of Employee;

 

(3)           the termination of Employee’s employment by
Employee;

 

(4)           the termination of Employee’s employment by SBG
for Cause (as defined in Section 4.1(c) below); or

 

(5)           the termination of Employee’s employment by SBG
without Cause.

 

(b)           For the purposes of
this Agreement, “Disability” means Employee’s inability, whether mental or
physical, to perform the normal duties of Employee’s position for ninety (90)
days (which need not be consecutive) during any twelve (12) consecutive month
period, and the effective date of such Disability shall be the day next
following such ninetieth (90th) day.  If
SBG and Employee are unable to

 

3

 

agree as to
whether Employee is disabled, the question will be decided by a physician to be
paid by SBG and designated by SBG, subject to the approval of Employee (which
approval may not be unreasonably withheld) whose determination will be final
and binding on the parties.

 

(c)           For the purposes of
this Agreement, “Cause” means any of the following:  (i) the wrongful appropriation for Employee’s own use or benefit
of property or money entrusted to Employee by SBG or STG, (ii) the commission
of any act involving moral turpitude, (iii) Employee’s continued willful
disregard of Employee’s duties and responsibilities hereunder after written
notice of such disregard and the reasonable opportunity to correct such
disregard, (iv) Employee’s continued violation of SBG policy after written
notice of such violations (such policy may include policies as to drug or
alcohol abuse) and the reasonable opportunity to cure such violations, (v) any
action by Employee which is reasonably likely to jeopardize a Federal
Communications Commission license of any broadcast station owned directly or
indirectly by SBG or programmed, directly or indirectly, by SBG, (vi) the
continued insubordination of Employee and/or Employee’s repeated failure to
follow the reasonable directives of the SBG CEO or the Board after written
notice of such insubordination or the failure to follow such reasonable
directives, or (vii) the repeated unsatisfactory performance by Employee of
Employee’s job or duties hereunder as determined by the SBG CEO or the Board in
his or their sole discretion after written notice thereof.

 

4.2.         Termination
Payments.

 

(a)           If Employee’s employment with SBG terminates
pursuant to Sections 4.1(a)(1), 4.1(a)(2), 4.1(a)(3), or 4.1(a)(5), Employee
(or in the event of the death of Employee, the person or persons designated by
Employee in a written instrument delivered to SBG prior to Employee’s death or,
if no such written designation has been made, Employee’s estate) will be entitled
to receive, and SBG will pay to the same, all of the following:

 

(1)           the salary payable to Employee through the
Termination Date;

 

(2)           a payment in respect of unutilized vacation time
that has accrued through the Termination Date (determined in accordance with
corporate policies established by SBG and consistent with Section 3 hereof);
and

 

(3)           the benefits set forth in the Stock Option
Agreement, upon the terms and conditions set forth therein.

 

4

 

(b)           If Employee’s employment with SBG terminates
pursuant to Section 4.1(a)(4), Employee will be entitled to receive, and SBG
will pay to Employee, only the salary payable to Employee through the
Termination Date.

 

(c)           If the Employee’s employment with SBG terminates
pursuant to Section 4.1(a)(5), the Employee, in addition to the benefits he is
entitled to receive pursuant to Section 4.2(a), shall be entitled to receive,
and SBG shall pay to the Employee, one (1) month’s base salary in effect at the
time of termination (not including bonuses) for each full year of his
continuous employment with SBG or Sinclair Communications, Inc.  regardless of whether the employment has
been pursuant to this Agreement or has been prior to this Agreement.  For purposes of calculating the length of
employment of Employee, SBG and Employee agree that Employee has continuously
served SBG and/or Sinclair Communications, Inc. since September 3, 1996.

 

(d)           The termination payments described in this
Section 4 will be in lieu of any termination or severance payments required by
SBG or STG policy or, to the fullest extent permissible thereunder, applicable
law (including unemployment compensation) and will constitute Employee’s
exclusive rights and remedies with respect to termination of Employee’s
employment.

 

5.             Confidentiality and Non-Competition.

 

5.1.         Confidential
Information.

 

(a)           During his employment hereunder (and at all times
thereafter), Employee shall:

 

(1)           keep all “Confidential Information” (as defined
below) in trust for the use and benefit of (i) SBG and STG and their direct and
indirect subsidiaries, and (ii) all broadcast stations owned, operated, or
programmed directly or indirectly by SBG or its direct or indirect subsidiaries
(collectively, the SBG Entities”);

 

(2)           not, except as (i) required by Employee’s duties
under this Agreement, (ii) authorized by the SBG CEO, Executive VP, or the
Board , or (iii) required by law or any order, rule, or regulation of any court
or governmental agency (but only after notice to SBG of such requirement), at
any time during or after the termination of Employee’s employment with SBG,
directly or indirectly, use, publish, disseminate, distribute, or otherwise
disclose any Confidential Information;

 

5

 

(3)           take all reasonable steps necessary, or
reasonably requested by any of the SBG Entities, to ensure that all
Confidential Information is kept confidential for the use and benefit of the
SBG Entities; and

 

(4)           upon termination of Employee’s employment or at
any other time any of the SBG Entities in writing so request, promptly deliver
to such SBG Entity all materials constituting Confidential Information relating
to such SBG Entity (including all copies) that are in Employee’s possession or
under Employee’s control.  If requested
by any of the SBG Entities to return any Confidential Information, Employee
will not make or retain any copy of or extract from such materials.

 

(b)           For purposes of this Section 5.1, Confidential
Information means any proprietary or confidential information of or relating to
any of the SBG Entities that is not generally available to the public.  Confidential Information includes all
information developed by or for any of the SBG Entities concerning marketing
used by any of the SBG Entities, suppliers, or customers (including
advertisers) with which any of the SBG Entities has dealt prior to the
Termination Date, plans for development of new services and expansion into new
areas or markets, internal operations, financial information, operations,
budgets, and any trade secrets or proprietary information of any type owned by
any of the SBG Entities, together with all written, graphic, other materials
relating to all or any of the same, and any trade secrets as defined in the Maryland
Uniform Trade Secrets Act, as amended from time to time.

 

5.2.         Non-Competition.

 

(a)           If the Employee’s employment is terminated (i) by
Employee pursuant to Section 4.1(a)(3) or (ii) by SBG pursuant to Section
4.1(a)(4), Employee shall not, for a period of six (6) months after
termination, directly or indirectly, participate in any activity involved in
the ownership or operation of any television broadcast station, any
subscription broadcast service, cable television system operator, cable
interconnect, cable television channel or similar enterprise within any
Designated Market Area (as defined below) in which any of the SBG
Entities owns, operates, programs, or supplies substantially all of the program
services to a broadcast station immediately prior to such termination.  As used
herein, “participate” means lending one’s name to, acting as a consultant or
adviser for, being employed by, or acquiring any direct or indirect interest in
any business or enterprise, whether as a stockholder, partner, officer,
director, employee, consultant, or otherwise.

 

(b)           While employed by SBG or any of the SBG Entities,
and for six (6) months thereafter (regardless of the reason why Employee’s
employment is terminated), Employee will not directly or indirectly:

 

6

 

 

(1)           hire, attempt to hire, or to assist any other
person or entity in hiring or attempting to hire any employee of any of the SBG
Entities or any person who was an employee of any of the SBG Entities within the
prior one (1) year period; or

 

(2)           solicit, in competition with any of the SBG
Entities, the business of any customer of any of the SBG Entities or any entity
whose business any of the SBG Entities solicited during the one (1) year
period prior to Employee’s termination.

 

(c)           Notwithstanding
anything else contained in this Section 5.2, (i) Employee may at any time own,
for investment purposes only, up to five percent (5%) of the stock of any
publicly-held corporation whose stock is either listed on a national stock
exchange or on the NASDAQ National Market System if Employee is not otherwise
affiliated with such corporation, and (ii) after the Employment Term only,
Employee shall not be prohibited from participating with any entity whose
earnings before interest, taxes, depreciation, and amortization (“EBITDA”) from
the sale, utilization, or development of digital television spectrum, when
combined with the earnings derived from the operation of television stations,
is 25% or less of such entity’s total EBITDA; provided, however, Employee’s
participation with such entity shall not directly or indirectly be with (i) any
television division, affiliate, or subsidiary of any such entity or (ii) any
other division, subsidiary, or affiliate of any such entity involved in the
sale, utilization, or development of the digital television spectrum owned or
controlled by such entity

 

(d)           In the event that (i) SBG places all or
substantially all of its television broadcast stations up for sale within six
(6) months after termination of Employee’s employment hereunder, or (ii)
Employee’s employment is terminated in connection with the disposition of all
or substantially all of such television broadcast stations (whether by sale of
assets, equity, or otherwise), Employee agrees to be bound by, and to execute
such additional instruments as may be necessary or desirable to evidence
Employee’s agreement to be bound by, the terms and conditions of any
non-competition provisions contained in the purchase and sale agreement for such
stations, without receiving any consideration therefore beyond that expressed
in this Agreement.  Notwithstanding the
foregoing, in no event shall Employee be bound by, or obligated to enter into,
any non-competition provisions referred to in this Section 5.2(e) which
extend beyond six (6) months from the date of termination of Employee’s
employment hereunder or whose scope extends the scope of the non-competition
provisions set forth in Section 5.2(a).

 

(e)           The six (6) month time period referred to above
shall be tolled on a day-for-day basis for each day during which Employee
participates in any activity in violation of Section 5.2 of this Agreement so
that the Employee shall be restricted from engaging in the conduct referred to in Section 5.2 for a full six (6)
months.

 

7

 

 

(f)            For purposes of this Section 5.2, Designated Market Area shall mean the designated market
area (“DMA”) as defined by The A.C. Nielsen Company (or such other similar term
as is used from time to time in the television broadcast community).

 

5.3.         Acknowledgment.  Employee acknowledges and agrees that this
Agreement (including, without limitation, the provisions of Sections 5 and 6)
is a condition of Employee being employed by SBG, Employee having access to
Confidential Information, being eligible to receive the items referred to in Section
3 (including, without limitation, Employee’s eligibility to participate in
the Plan, Employee’s advancement at SBG, and Employee being eligible to receive
other special benefits at SBG; and further, that this Agreement is entered
into, and is reasonably necessary, to protect the SBG Entities’ investment in
Employee’s training and development, and to protect the good will and other
business interests of the SBG Entities.

 

6.             Remedies.

 

6.1.         Injunctive
Relief.  The
covenants and obligations contained in Section 5 relate to matters which
are of a special, unique, and extraordinary character, and a violation of any
of the terms of such Section will cause irreparable injury to the SBG Entities,
the amount of which will be impossible to estimate or determine and which
cannot be adequately compensated. 
Therefore, SBG Entities will be entitled to an injunction restraining
order or other equitable relief from any court of competent jurisdiction
(subject to such terms and conditions that the court determines appropriate)
restraining any violation or threatened violation of any of such terms by
Employee and such other persons as the court orders.  The parties acknowledge and agree that judicial action, rather
than arbitration, is appropriate with respect to the enforcement of the
provisions of Section 5.  The forum for
any litigation hereunder shall be the Circuit Court of Baltimore County or the
United States District Court (Northern Division) sitting in Baltimore,
Maryland.

 

6.2.         Cumulative Rights and Remedies.  Rights and
remedies provided by Section 5 are cumulative and are in addition to any other
rights and remedies any of the SBG Entities may have at law or equity.

 

7.             Absence of Restrictions.    Employee
warrants and represents that Employee is not a party to or bound by any
agreement, contract, or understanding, whether of employment or otherwise, with
any third person or entity which would in any way restrict or prohibit Employee
from undertaking or performing employment with SBG in accordance with the terms
and conditions of this Agreement.

 

8

 

8.             Miscellaneous.

 

8.1.         Attorneys’ Fees.  In any action,
litigation, or proceeding (collectively, “Action”) between the parties arising
out of or in relation to this Agreement, the prevailing party in the Action
will be awarded, in addition to any damages, injunctions, or other relief, and
without regard to whether such Action is prosecuted to final appeal, such
party’s costs and expenses, including reasonable attorneys’ fees.

 

8.2.         Headings.   The descriptive headings of the Sections of this
Agreement are inserted for convenience only, and do not constitute a part of
this Agreement.

 

8.3.         Notices.   All notices and other communications hereunder
shall be in writing and shall be deemed given upon (a) oral or written
confirmation of a receipt of a facsimile transmission, (b) confirmed delivery
of a standard overnight courier or when delivered by hand, or (c) the
expiration of five (5) business days after the date mailed, postage prepaid, to
the parties at the following addresses:

 

	
  If
  to SBG to:

  	
   

  	
  Sinclair
  Broadcast Group, Inc.

  
	
   

  	
   

  	
  10706
  Beaver Dam Road

  
	
   

  	
   

  	
  Cockeysville,
  Maryland 21030

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attn:  Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
  With
  a copy to:

  	
   

  	
  Steven
  A. Thomas, Esquire

  
	
   

  	
   

  	
  Thomas
  & Libowitz, P.A.

  
	
   

  	
   

  	
  100
  Light Street, Suite 1100

  
	
   

  	
   

  	
  Baltimore,
  Maryland 21202

  
	
   

  	
   

  	
   

  
	
  If
  to Employee to:

  	
   

  	
  Employee’s
  address as listed.

  
	
   

  	
   

  	
  from
  time to time, in the

  
	
   

  	
   

  	
  personnel
  records of

  
	
   

  	
   

  	
  SBG
  (or any affiliate of either)

  

 

or
to such other address as will be furnished in writing by any party.  Any such notice or communication will be
deemed to have been given as of the date so mailed.

 

8.4.         Assignment.          SBG may assign this Agreement to any subsidiary
of SBG or any parent of SBG, and Employee hereby consents and agrees to be
bound by any such assignment by SBG. 
Employee may not assign, transfer, or delegate Employee’s rights or
obligations under this Agreement and any attempt to do so is void.  This Agreement is binding on and inures to
the benefit of the parties, their successors and assigns, and the executors,
administrators, and other legal representatives of Employee.  No other third 

 

9

 

parties, other than SBG Entities, shall have, or are intended to have,
any rights under this Agreement.

 

8.5.         Counterparts.  This Agreement may be signed in one or more
counter-parts.

 

8.6.         Governing Law.   THIS AGREEMENT SHALL BE GOVERNED
BY THE LAWS OF THE STATE OF MARYLAND (REGARDLESS OF THE LAWS THAT MIGHT BE
APPLICABLE UNDER PRINCIPLES OF CONFLICTS OF LAW) AS TO ALL MATTERS (INCLUDING
VALIDITY, CONSTRUCTION, EFFECT, AND PERFORMANCE.)

 

8.7.         Severability.         If the
scope of any provision contained in this Agreement is too broad to permit
enforcement of such provision to its full extent, then such provision shall be
enforced to the maximum extent permitted by law, and Employee hereby consents
that such scope may be reformed or modified accordingly and enforced as
reformed or modified in any proceeding brought to enforce such provision.  Subject to the immediately preceding
sentence, whenever possible, each provision of this Agreement will be
interpreted in such a manner as to be effective and valid under applicable law,
but if any provision of this Agreement is held to be prohibited by or invalid
under applicable law, such provision, to the extent of such prohibition or
invalidity, shall not be deemed to be a part of this Agreement, and shall not
invalidate the remainder of such provision or the remaining provisions of this
Agreement.

 

8.8.         Entire Agreement.     This Agreement constitutes the entire agreement
of the Employee and SBG regarding the Employee’s employment by SBG.  This Agreement supersedes and replaces the
First Employment Agreement, the Second Employment Agreement, and all other
prior agreements and understandings, written or oral, among the parties with
respect to the subject matter of this Agreement.  This Agreement may not be amended or modified except by agreement
in writing, signed by the party against whom enforcement of any waiver,
amendment, modification, or discharge is sought.

 

8.9.         Interpretation.     This Agreement
is being entered into among competent and experienced businessmen (who have had
an opportunity to consult with counsel), and any ambiguous language in this
Agreement will not necessarily be construed against any particular party as the
drafter of such language.

 

8.10.       Continuing Obligations.   The provisions
contained in the following sections of this Agreement will continue and survive
the termination of this Agreement:  4.2,
5, 6 and 8.

 

8.11.       Taxes.    SBG may withhold from any payments under this
Agreement all applicable federal, state, city, or other taxes required by
applicable law to be so withheld.

 

10

 

8.12.       Arbitration and Extension of Time.  Except as specifically provided in
Section 6, any dispute or controversy arising out of or relating to this
Agreement shall be determined and settled by arbitration in Baltimore, Maryland
in accordance with the Commercial Rules of the American Arbitration Association
then in effect, and the Federal Arbitration Act, 9 U.S.C. § 1 et  seq.,
and judgment upon the award rendered by the arbitrator(s) may be entered in any
court of competent jurisdiction.  The
expenses of the arbitration shall be borne by the non-prevailing party to the
arbitration, including, but not limited to, the cost of experts, evidence, and
legal counsel.  Whenever any action is
required to be taken under this Agreement within a specified period of time and
the taking of such action is materially affected by a matter submitted to
arbitration, such period shall automatically be extended by the number of days,
plus ten (10) that are taken for the determination of that matter by the
arbitrator(s).  Notwithstanding the
foregoing, the parties agree to use their best reasonable efforts to minimize
the costs and frequency of arbitration hereunder.

 

THIS CONTRACT CONTAINS A BINDING ARBITRATION PROVISION WHICH
MAY BE ENFORCED BY THE PARTIES.

 

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

 

 

	
   

  	
   

  	
  SINCLAIR BROADCAST GROUP, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David B. Amy

  	
   

  
	
   

  	
  Name:

  	
  David B. Amy

  	
   

  
	
   

  	
  Title:

  	
  EVP and Chief Financial
  Officer

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  EMPLOYEE:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Barry M. Faber

  	
   

  
	
   

  	
   

  	
  Barry
  M. Faber

  	
   

  

 

11

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