Document:

exv10w2

 

Exhibit 10.2

May 31, 2006

Gary A. Thoe

c/o Emmis Publishing, L.P.

40 Monument Circle, Suite 500

Indianapolis, IN 46204

     Re: Amendment to Employment Agreement

Dear Gary:

     This letter shall confirm our agreement to amend your employment agreement with Emmis
Operating Company dated March 1, 2003 (the “Agreement”), upon the terms and subject to the
conditions set forth in this letter (the “Amendment”). Any capitalized words or phrases used and
not defined in this Amendment shall have the meanings ascribed to them in the Agreement. This
shall confirm that the parties have agreed as follows:

1. The Term of the Agreement has been extended for a period of two (2) years beginning on March 1,
2006 and ending on February 29, 2008. The term “FYE 07” shall refer to the Contract Year beginning
on March 1, 2006 and ending on February 28, 2007; the term “FYE 08” shall refer to the Contract
Year beginning on March 1, 2007 and ending on February 29, 2008 (each, a “Contract Year”).

2. The Base Salary shall be increased as follows:

	 	 	 	 	 	 	 
	 

	 	FYE 07
	 	$	275,000	 
	 

	 	FYE 08
	 	$	275,000	 

3. After payment of any Contract Year Bonus earned for the period ending February 28, 2006,
Section 6.2 shall be modified to reflect the following: Commencing with FYE 07, the target
amount of the Contract Year Bonus shall be increased as follows:

	 	 	 	 	 	 	 
	 

	 	FYE 07
	 	$	125,000	 
	 

	 	FYE 08
	 	$	125,000	 

Commencing with FYE 07, the performance goals and all other terms and conditions related to the
award of any Contract Year Bonus shall be determined by the Compensation Committee. The third and
fourth sentences of Section 6.2 shall be deleted and replaced with the following language:

     “Employer may pay all or a portion of any Contract Year Bonus in Shares in the same manner
utilized for other senior management level employees.”

 

4. Section 6.3 shall be deleted in its entirety and replaced with the following language:

     “6.3 Equity Incentive Compensation. During the Term, beginning with FYE 07, at such
time or times as Employer generally awards equity incentive compensation to members of Employer’s
senior management team, Executive shall receive the following equity incentive compensation: on or
about the commencement of FYE 07: Two Thousand Two Hundred Fifty (2,250) Shares (as defined below)
and an option (“Option”) to acquire Seven Thousand Five Hundred (7,500) Shares; on or about the
commencement of FYE 08: Three Thousand Three Hundred Seventy Five (3,375) Shares (750 of which
shall have a two-year vesting restriction; the remaining 2,625 shall have a three-year vesting
restriction) and an Option to acquire Eight Thousand Seven Hundred Fifty (8,750) Shares. As used
herein, “Shares” shall mean shares of Class A Common Stock of Emmis Communications Corporation.
The grants of Options and Shares shall be pursuant to the terms and subject to the conditions of
the applicable equity compensation plan of Employer, the Option agreements evidencing the Option
grants and the restricted stock agreements evidencing the grants of Shares. In the event of any
change in the outstanding Shares by reason of any reorganization, recapitalization,
reclassification, merger, stock split, reverse stock split, stock dividend, asset spinoff, share
combination, consolidation or similar event, including without limitation a Separation Event, the
number and class of all Shares awarded pursuant to this Agreement or covered by an Option granted
pursuant to this Agreement (and any applicable Option exercise price) shall be adjusted by the
Compensation Committee in its sole discretion and in accordance with the terms of the applicable
equity compensation plan of Employer, the Option agreement evidencing the grant of the Option, and
the restricted stock agreement evidencing the grant of Shares. The determination of the
Compensation Committee shall be conclusive and binding.”

5. The non-competition restriction set forth in Section 10.2 shall be reduced from twelve
(12) months to six (6) months.

6. In the third sentence of Section 11.4, the following language shall be deleted and shall
be of no further force and effect:

     “or the transaction or transactions described in the definition of Change of Control in
Exhibit A”

7. Effective March 1, 2006, Section 15.9 shall be deleted in its entirety and shall be of
no further force and effect.

     All of the terms and conditions set forth in the Agreement shall remain unchanged and in full
force and effect unless specifically modified in this Amendment. All references to the Term or its
expiration or termination shall be adjusted to properly reflect the language set forth above. This
Amendment shall be incorporated by reference into the Agreement and made a part thereof. In the
event of any conflict between any provision of this Amendment and any provision of the Agreement,
this Amendment shall govern and control.

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     Please sign below where indicated to signify your acceptance of the terms and conditions set
forth in this Amendment. Should you have any questions about this Amendment, please let me know.
I look forward to much continued success together.

	 	 	 	 	 
	Sincerely,

 	 
	/s/ Jeffrey H. Smulyan
 	 
	Jeffrey H. Smulyan 	 
	Chairman and Chief Executive Officer

Emmis Operating Company 	 
	 
	ACCEPTED AND AGREED:

 	 
	/s/ Gary A. Thoe
 	 
	Gary A. Thoe 	 
	 	 	 
	 

3exv4w1

 

EXHIBIT 4.1

Execution Copy

SECOND AMENDMENT TO RIGHTS AGREEMENT

          SECOND AMENDMENT, dated as of May 30, 2006, to the Rights Agreement, dated as of November 14,
1996, as amended by the First Amendment to the Rights Agreement dated as of October 26, 2005, by
and between Andrew Corporation (the “Company”) and Computershare Investor Services LLC as
successor Rights Agent (the “Rights Agent”) (as heretofore amended, the “Rights
Agreement”).

          WHEREAS, the Company and the Rights Agent have heretofore executed and entered into the Rights
Agreement;

          WHEREAS, the Company has heretofore appointed Computershare Investor Services LLC as successor
Rights Agent;

          WHEREAS, pursuant to Section 27 of the Rights Agreement, the Company may from time to time
supplement or amend the Rights Agreement in accordance with the provisions of Section 27 thereof;
and

          WHEREAS, the Company intends to enter into an Agreement and Plan of Merger (as it may be
amended or supplemented from time to time, the “Merger Agreement”) by and among ADC
Telecommunications, Inc., Hazeltine Merger Sub, Inc. and the Company;

          WHEREAS, the Board of Directors of the Company has determined that it is desirable to amend
the Rights Agreements as contemplated hereby to, among other things, exempt the Merger Agreement
and the transactions contemplated thereby from the application of the Rights Agreement.

          NOW, THEREFORE, the Rights Agreement is hereby amended as follows:

     1. The following definition shall be added to Section 1 of the Rights Agreement:

	 	 	“Merger Agreement” means the Agreement and Plan of Merger, dated as of May
30, 2006 (as it may be amended or supplemented from time to time), by and
among ADC Telecommunications, Inc., Hazeltine Merger Sub, Inc. and the
Company.

     2. The second sentence in the definition of “Acquiring Person” in Section 1 of the Rights
Agreement shall be deleted in its entirety and replaced with the following:

	 	 	“Notwithstanding the foregoing, (i) no person shall become an “Acquiring
Person” as the result of an acquisition of Common Stock by the Company,
which, by reducing the number of shares outstanding,
increases the proportionate number of shares beneficially owned by such
Person to 15% or more of the shares of common Stock of the Company then
outstanding; provided, however, that if a Person shall become the
Beneficial Owner of 15% or more of the shares of Common Stock of the
Company then outstanding by reason of share purchases by the Company

 

	 	 	and
shall, after such share purchases by the Company, become the Beneficial
Owner of any additional shares of Common Stock of the Company, then such
Person shall be deemed to be an “Acquiring Person; and (ii) neither ADC
Telecommunications, Inc. nor Hazeltine Merger Sub, Inc. shall become an
“Acquiring Person” as a result of the execution and delivery of the Merger
Agreement or the consummation of the transactions contemplated thereby.”

     3. Each of Section 1(a) and Section 3(a) of the Rights Agreement and the Summary of Rights to
Purchase Common Stock attached as Exhibit B to the Rights Agreement are hereby modified and amended
to delete all references to “15%” therein and to substitute “20%” therefor.

     4. Section 7(a) of the Rights Agreement shall be deleted in its entirety and replaced with the
following:

	 	 	The registered holder of any Rights Certificate may exercise the Rights
evidenced thereby (except as otherwise provided herein) in whole or in
part at any time after the Distribution Date upon surrender of the Rights
Certificate, with the form of election to purchase duly executed, to the
Rights Agent at the principal office or offices of the Rights Agent
designated for such purpose, together with payment of the aggregate
Purchase Price with respect to the total number of shares of Common Stock
(or other securities or property, as the case may be) as to which such
surrendered Rights are then exercisable, at or prior to the earliest of
(i) the tenth anniversary of the Record Date (the “Expiration Date”), (ii)
the time at which the Rights are redeemed as provided in Section 23 (the
“Redemption Date”), (iii) the time at which such Rights are exchanged as
provided in Section 24 and (iv) the time immediately prior to the
Effective Time (as defined in Section 1.3 of the Merger Agreement).

     5. The following sentence shall be added at the end of the definition of “Stock Acquisition
Date” in Section 1 of the Rights Agreement:

	 	 	Neither the execution and delivery of the Merger Agreement nor the
consummation of the transactions contemplated by the Merger Agreement
shall cause a Stock Acquisition Date.

     6. The following sentence shall be added at the end of Section 15 of the Rights Agreement:

	 	 	Nothing in this Agreement shall be construed to give any holder of Rights
or any other Person any legal or equitable right, remedy or claim
under this Agreement in connection with any of the transactions
contemplated by the Merger Agreement.

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     7. The fifth sentence of Section 21 of the Rights Agreement shall be deleted in its entirety
and replaced with the following:

	 	 	Any successor Rights Agent, whether appointed by the Company or by such a
court, shall be a corporation or limited liability company organized and
doing business under the laws of the United States, or of the State of
Illinois (or of any other state of the United States so long as such
corporation or limited liability company is authorized to do business as a
banking institution in the State of Illinois), in good standing, having a
principal office in the State of Illinois, which is authorized under such
laws to exercise corporate trust powers or stock transfer powers and is
subject to supervision or examination by federal or state authority and
which has at the time of its appointment as Rights Agent a combined
capital and surplus of at least $25,000,000.

     8. The notice address of the Rights Agent set forth in Section 26 of the Rights Agreement
shall be deleted in its entirety and replaced with the following:

	 	 	Computershare Investor Services LLC

2 N. LaSalle Street

Chicago, Illinois 60602

Attention: General Counsel

     9. The fifth paragraph of Exhibit B to the Rights Agreement shall be deleted in its entirety
and replaced with the following:

	 	 	The Rights are not exercisable until the Distribution Date. The Rights
will expire on the tenth anniversary of the Record Date (the “Final
Expiration Date”), unless the Final Expiration Date is extended or unless
the Rights are earlier redeemed or exchanged by the Company, in each case
as described below; provided, however, that the Rights will expire
immediately prior to the consummation of the Merger contemplated by the
Agreement and Plan of Merger by and among ADC Telecommunications, Inc.,
Hazeltine Merger Sub, Inc. and the Company.

[Signature Page to Follow]

3

 

     IN WITNESS WHEREOF, this Amendment has been duly executed by the Company and the Rights Agent
as of the day and year first above written.

	 	 	 	 	 
	 	ANDREW CORPORATION

 	 
	 	By:  	/s/ James F. Petelle
 	 
	 	 	Name:  	James F. Petelle 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	COMPUTERSHARE INVESTOR SERVICES, LLC

(as successor Rights Agent)

 	 
	 	By:  	/s/ Keith Bradley
 	 
	 	 	Name:  	Keith Bradley 	 
	 	 	Title:  	Vice President

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