Document:

EX-10.22

 Exhibit 10.22 
  

 
 

 
 April 30, 2015 

Ms. Donna Coleman 
 c/o The Madison Square Garden Company

 Two Pennsylvania Plaza 
 New York, NY 10121 

Dear Donna: 
 This Agreement (the
“Agreement”) will confirm the terms of your employment by The Madison Square Garden Company (the “Company”). 
 The term
of this Agreement (the “Term”) shall be effective as of May 1, 2015 and, unless terminated earlier in accordance with this Agreement, will expire on October 15, 2015 (the “Expiration Date”). 

Effective May 5, 2015, your title will be Interim Chief Financial Officer. Prior to such date, and at any time that the Board appoints a
successor Chief Financial Officer, your title will be Executive Vice President, Finance. You agree to devote substantially all of your business time and attention to the business and affairs of the Company and to perform your duties in a diligent,
competent, professional and skillful manner and in accordance with applicable law and the Company’s policies and procedures. 
 Your
base salary will be $250,000 per month, payable in accordance with the Company’s standard payroll practices. You will not be eligible to participate in any of the Company’s annual or long-term bonus or incentive programs 

You will be eligible for our standard benefits programs at the levels that are made available to similarly situated executives at the Company.
Participation in our benefits programs is subject to meeting the relevant eligibility requirements, payment of the required premiums and the terms of the plans themselves. 

In addition, you agree to be bound by the additional covenants and provisions that are set forth in Annex I hereto, which Annex shall
be deemed to be a part of the Agreement. 
 If your employment with the Company is terminated prior to the Expiration Date by the Company
(other than for “Cause”) then, subject to your execution and the effectiveness of a severance agreement to the Company’s reasonable satisfaction including a general release by you of the Company and its affiliates), the Company will
provide you with continued payments of your base salary as if you had remained continuously employed through the Expiration Date. In such instance of termination without Cause, except as noted in the foregoing sentence, the Company shall have no
further obligations under this Agreement to make any further payments or provide any further benefits to you. 

  

 Ms. Donna Coleman 

April 30, 2015 
  Page
 2
 
  

 For purposes of this Agreement, “Cause” means your (i) commission of an
act of fraud, embezzlement, misappropriation, willful misconduct, gross negligence or breach of fiduciary duty against the Company or an affiliate thereof, or (ii) commission of any act or omission that results in a conviction, plea of no
contest, plea of nolo contendere, or imposition of unadjudicated probation for any crime involving moral turpitude or any felony. 

This Agreement does not constitute a guarantee of employment for any definite period. Your employment is at will and may be terminated by you
or the Company at any time, with or without notice or reason. 
 The Company may withhold from any payment due to you any taxes required to
be withheld under any law, rule or regulation. 
 This Agreement is personal to you and without the prior written consent of the Company
shall not be assignable by you otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by your legal representatives. This Agreement shall inure to the benefit of and be binding
upon the Company and its successors and assigns. 
 To the extent permitted by law, you and the Company waive any and all rights to a
jury trial with respect to any matter relating to this Agreement. 
 This Agreement will be governed by and construed in accordance
with the law of the State of New York applicable to contracts made and to be performed entirely within that State. 
 Both the Company
and you hereby irrevocably submit to the jurisdiction of the courts of the State of New York and the federal courts of the United States of America located in the State of New York solely in respect of the interpretation and enforcement of the
provisions of this Agreement, and each of us hereby waives, and agrees not to assert, as a defense that either of us, as appropriate, is not subject thereto or that the venue thereof may not be appropriate. We each hereby agree that mailing of
process or other papers in connection with any such action or proceeding in any manner as may be permitted by law shall be valid and sufficient service thereof. 

This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective
successors and legal representatives. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. It is the parties’ intention that this
Agreement not be construed more strictly with regard to you or the Company. 
 This Agreement reflects the entire understanding and
agreement of you and the Company with respect to the subject matter hereof and supersedes all prior understandings and agreements. 
 Very
truly yours, 
 /s/ James L. Dolan 

James L. Dolan 
 Executive
Chairman 

  

 Ms. Donna Coleman 

April 30, 2015 
  Page
 3
 
  

 Accepted and Agreed: 
  

	
	 /s/ Donna Coleman

	Donna Coleman
	Date: April 30, 2015

  

 Ms. Donna Coleman 

April 30, 2015 
  Page
 4
 
  

 ANNEX I 

This Annex I constitutes part of the Agreement dated April 30, 2015 (the “Agreement”) by and between Donna Coleman
(“You”) and The Madison Square Garden Company (the “Company”). 
 You agree to comply with the following covenants in
addition to those set forth in the Agreement. 
  

	1.	Confidentiality 

 (a) Confidential and Proprietary Information.
You agree to retain in strict confidence and not use for any purpose whatsoever or divulge, disseminate, copy, disclose to any third party, or otherwise use any Confidential Information, other than for legitimate business purposes of the Company and
its affiliates. As used herein, “Confidential Information” means any non-public information of a confidential, proprietary, commercially sensitive or personal nature of, or regarding, the Company or any of its affiliates or any director,
officer or member of senior management of any of the foregoing (collectively “Covered Parties”). The term Confidential Information includes such information in written, digital, oral or any other format and includes, but is not limited to
(i) information designated or treated as confidential, (ii) budgets, plans, forecasts or other financial or accounting data; (iii) customer, guest, fan, vendor, sponsor, marketing affiliate or shareholder lists or data;
(iv) technical or strategic information regarding the Covered Parties’ television, programming, advertising, sports, entertainment, theatrical, or other businesses, (v) advertising, sponsorship, business, sales or marketing tactics,
strategies or information; (vi) policies, practices, procedures or techniques, (vii) trade secrets or other intellectual property; (vii) information, theories or strategies relating to litigation, arbitration, mediation,
investigations or matters relating to governmental authorities; (vii) terms of agreements with third parties and third party trade secrets, (viii) information regarding employees, talent, players, coaches, agents, consultants, advisors or
representatives, including their compensation or other human resources policies and procedures, (ix) information or strategies relating to any potential or actual business development transactions and/or any potential or actual business
acquisition, divestiture or joint venture, and (x) any other information the disclosure of which a reasonably prudent person would anticipate to have an adverse effect on the Covered Parties’ business reputation, operations or competitive
position, reputation or standing in the community. 
 (b) Notwithstanding the foregoing, the obligations of this section,
other than with respect to employee or customer information, shall not apply to Confidential Information that is in the public domain (through no breach by you) or specifically exempted in writing by the applicable Covered Party from the
applicability of this Agreement. 
 (c) Notwithstanding anything contained elsewhere in this Agreement, you are authorized
to make any disclosure which, in the written opinion of outside counsel, is required of you by any federal, state or local laws or judicial, arbitral or governmental agency proceedings, after providing the Company with prior written notice (to the
extent legally permissible) and an opportunity to respond prior to such disclosure (to extent reasonably practicable). Furthermore, nothing in this Agreement shall impair your right to make disclosures under the whistleblower provisions of federal
law or regulation. 
 (d) You agree not to issue any press release or public statement regarding your employment by the
Company and/ or the commencement thereof unless (i) so disclosed with the prior written consent of the Company, or (ii) it is, in the written opinion of outside counsel, required and then only to the extent so required, by applicable law.

  

 Ms. Donna Coleman 

April 30, 2015 
  Page
 5
 
  

	2.	Additional Understandings 

 You agree for yourself and others acting on your behalf, that
you (and they) will not disparage, make negative statements about (either “on the record” or “off the record”) or act in any manner which is intended to or does damage to the good will of, or the business or personal reputations
of the Company, any of its affiliates or any of their respective officers, directors, employees, successors and assigns (including, without limitation, any former officers, directors or employees of the Company and/ or its affiliates, to the extent
such individuals served in any such capacity at any point during the Term). 
 This Agreement in no way restricts or prevents you from
providing truthful testimony as is required by court order or other legal process; provided that you afford the Company written notice and an opportunity to respond prior to such disclosure. 

If requested by the Company, you agree to deliver to the Company upon the termination of your employment, or at any earlier time the Company
may request, all memoranda, notes, plans, files, records, reports, and software and other documents and data (and copies thereof regardless of the form thereof (including electronic copies)) containing, reflecting or derived from Confidential
Information or the Materials (as defined below) of the Company or any of its affiliates which you may then possess or have under your control. If so requested, you shall provide to the Company a signed statement confirming that you have fully
complied with this paragraph. 
 In addition, you agree that the Company is the owner of all rights, title and interest in and to all
documents, tapes, videos, designs, plans, formulas, models, processes, computer programs, inventions (whether patentable or not), schematics, music, lyrics and other technical, business, financial, advertising, sponsorship, sales, marketing,
customer or product development plans, forecasts, strategies, information and materials (in any medium whatsoever) developed or prepared by you or with your cooperation in any way in connection with your employment by the Company (the
“Materials’’). The Company will have the sole and exclusive authority to use the Materials in any manner that it deems appropriate, in perpetuity, without additional payment to you. You agree to perform all actions
reasonably requested by the Company (whether during or after the Term) to establish and confirm the Company’s ownership of such Materials (including, without limitation, the execution and delivery of assignments, consents, powers of attorney
and other instruments) and to provide reasonable assistance to the Company or any of its affiliates in connection with the prosecution of any applications for patents, trademarks, trade names, service marks or reissues thereof or in the prosecution
or defense of interferences relating to any Materials. If the Company is unable, after reasonable effort, to secure your signature on any such papers, any executive officer of the Company shall be entitled to execute any such papers as your agent
and attorney-in-fact, and you hereby irrevocably designate and appoint each executive officer of the Company as your agent and attorney-in-fact to execute any such papers on your behalf, and to take any and all actions as the Company may deem
necessary or desirable in order to protect its rights and interests in any Materials, under the conditions described in this sentence. 
 In
addition, you agree for yourself and others acting on your behalf, that you (and they) shall not, at any time, participate in any way in the writing or scripting (including, without limitation, any “as told to” publications) of any book,
article, periodical, periodical story, movie, play, other written or theatrical work, or video that (i) relates to your services to the Company or any of its affiliates or (ii) otherwise refers to the Company or its respective businesses,
activities, directors, officers, employees or representatives, without the prior written consent of the Company. 

  

 Ms. Donna Coleman 

April 30, 2015 
  Page
 6
 
  

	3.	Further Cooperation 

 Following the date of termination of your employment with the
Company, you will no longer provide any regular services to the Company or represent yourself as a Company agent. If, however, the Company so requests, you agree to use commercially reasonable good faith efforts to cooperate fully with the Company
in connection with any matter with which you were involved prior to such employment termination, or in any litigation or administrative proceedings or appeals (including any preparation therefore) where the Company believes that your personal
knowledge, attendance or participation could be beneficial to the Company or its affiliates. This cooperation includes, without limitation, participation on behalf of the Company and/ or its affiliates in any litigation, administrative or similar
proceeding, including providing truthful testimony. 
 The Company will provide you with reasonable notice in connection with any
cooperation it requires in accordance with this section and will take reasonable steps to schedule your cooperation in any such matters so as not to materially interfere with your other professional and personal commitments. The Company will
reimburse you for any reasonable out-of-pocket expenses you reasonably incur in connection with the cooperation you provide hereunder as soon as practicable after you present appropriate documentation evidencing such expenses. You agree to provide
the Company with an estimate of any such individual expense of more than $1,000 before it is incurred. 
  

	4.	No-Hire or Solicit 

 During the Term and thereafter through the first anniversary of the
date on which your employment with the Company has terminated for any reason, you agree not to hire, seek to hire, or cause any person or entity to hire or seek to hire (without the prior written consent of the Company), directly or indirectly
(whether for your own interest or any other person or entity’s interest) any employee of the Company or any of its affiliates. This restriction does not apply to any employee who was not an employee of the Company or any of its affiliates at
any time during the six-month period immediately preceding your solicitation. For the avoidance of doubt, a general (non-targeted), publicly-accessible advertisement (or web posting) of an open employment position will not in and of itself be deemed
to be a breach of the solicitation restrictions set forth in this paragraph. Additionally, you may, without being in breach of the hiring restrictions of this paragraph, directly or indirectly hire any person who responds to such general
advertisement (or web posting), so long as that person is being hired for an administrative position without any managerial responsibilities (e.g., a secretary), and such person was not previously an employee of the Company or any of its affiliates
reporting to you or any of your direct reports. 
  

	5.	Specific Performance; Injunctive Relief 

 You understand and agree that (i) the
provisions of this Annex I are reasonable and appropriate for the Company’s protection of its legitimate business interests, (ii) the consideration provided under the Agreement is sufficient to justify the restrictions and
limitations contained in this Annex I, and (iii) the Company will suffer immediate, irreparable harm in the event you breach any of your obligations under the covenants and agreements set forth in this Annex I, that monetary
damages will be inadequate to compensate the Company for such breach and that the Company shall be entitled to injunctive relief as a remedy for any such breach (or threatened breach). Such remedy shall not be deemed to be the exclusive remedy in
the event of breach by you of any of the covenants or agreements set forth in this Annex I, but shall be in addition to all other remedies available to the Company at law or in equity. You hereby waive, to the extent you may legally do so,
any requirement for security or the posting of any bond or other surety in connection with any temporary or permanent award of injunctive or other equitable relief, and further waive, to the extent you may legally do so, the defense in any action
for specific performance or other equitable remedy that a remedy at law would be adequate. Notwithstanding anything to the contrary contained in this Agreement, in the event you violate the covenants and agreements set forth in this Annex I
in any material respect, then, in addition to all other rights and remedies available to the Company, the Company shall have no further obligation to pay you any severance benefits or to provide you with any other rights or benefits to which you
would have been entitled pursuant to this Agreement had you not breached the covenants and agreements set forth in this Annex I. 

  

 Ms. Donna Coleman 

April 30, 2015 
  Page
 7
 
  

	6.	Survival 

 The covenants and agreements set forth in this Annex I (as well as the
last eight paragraphs of the underlying Agreement with respect thereto) shall remain in effect during the Term and thereafter indefinitely (unless otherwise expressly provided) and shall survive any termination or expiration of the Agreement or any
termination of your employment with the Company.EX-10.23

 Exhibit 10.23 
  

 
 August 21, 2012 

Mr. Joseph F. Yospe, CPA 
 The Madison Square Garden Company

 Two Pennsylvania Plaza 
 New York, NY 10121 

Dear Joe: 
 This letter will confirm the terms
of your employment by The Madison Square Garden Company (the “Company”), effective as of the date set forth above. 
 Your title
will be Senior Vice President, Controller and Principal Accounting Officer and you will report to the Executive Vice President and Chief Financial Officer. You agree to devote substantially all of your business time and attention to the business and
affairs of the Company. 
 Your annual base salary is currently $434,000, subject to annual review by the Compensation Committee of the
Board of Directors of the Company in its sole discretion. You will also be eligible to participate in our discretionary annual bonus program with an annual target bonus opportunity equal to 45% of salary. Bonus payments are based on actual salary
dollars paid during the year and depend on a number of factors including Company, unit and individual performance. However, the decision of whether or not to pay a bonus, and the amount of that bonus, if any, is made by the Compensation Committee in
its sole discretion. Bonuses are typically paid early in the subsequent fiscal year. In order to receive a bonus, you must be employed by the Company at the time bonuses are being paid. 

You will be eligible to participate in such long-term incentive programs as are made available to similarly situated executives at the
Company. It is currently expected that such awards will consist of annual grants of cash and/or equity awards with an annual target value of $410,000, as determined by the Compensation Committee. Any such awards would be subject to actual grant to
you by the Compensation Committee in its sole discretion, would be pursuant to the applicable plan document and would be subject to terms and conditions established by the Compensation Committee in its sole discretion that would be detailed in
separate agreements you would receive after any award is actually made. 
 You will also remain eligible for our standard benefits programs
at the levels that are made available to similarly situated executives at the Company. Participation in our benefits programs is subject to meeting the relevant eligibility requirements, payment of the required premiums and the terms of the plans
themselves. 
 If your employment with the Company is terminated prior to February 9, 2016 (the “Expiration Date”) by the
Company (other than for “Cause”) then, subject to your execution and the effectiveness of a severance agreement to the Company’s reasonable satisfaction (which will be based on the Company’s standard form agreement which
includes, without limitation, non-compete (limited to one year), 

					
	 Mr. Joseph F. Yospe
	  	-2-	  	August 21, 2012        

  

 
non-disparagement, non-solicitation, confidentiality, and further cooperation obligations and restrictions on you as well as a general release by you of the Company and its affiliates), the
Company will provide you with severance in an amount equal to the sum of your annual base salary and your annual target bonus, each as in effect at the time your employment terminates (the “Severance Amount”). Sixty percent (60%) of
the Severance Amount will be payable to you on the six-month anniversary of the date your employment so terminates (the “Termination Date”) and the remaining forty percent (40%) of the Severance Amount will be payable to you on the
twelve-month anniversary of the Termination Date. 
 In connection with any termination of your employment, any outstanding equity and cash
incentive awards shall be treated in accordance with their terms. 
 For purposes of this letter, “Cause” means, as
determined by the company, your (i) commission of an act of fraud, embezzlement, misappropriation, willful misconduct, gross negligence or breach of fiduciary duty against the Company or an affiliate thereof, or (ii) commission of any act
or omission that results in a conviction, plea of no contest, plea of nolo contendere, or imposition of unadjudicated probation for any crime involving moral turpitude or any felony. 

This letter does not constitute a guarantee of employment for any definite period. Your employment is at will and may be terminated by you or
the Company at any time, with or without notice or reason. 
 The Company may withhold from any payment due to you any taxes required to be
withheld under any law, rule or regulation. If any payment otherwise due to you hereunder would result in the imposition of the excise tax imposed by Section 4999 of the Internal Revenue Code, the Company will instead pay you either
(i) such amount or (ii) the maximum amount that could be paid to you without the imposition of the excise tax, depending on whichever amount results in your receiving the greater amount of after-tax proceeds. In the event that the payments
and benefits payable to you would be reduced as provided in the previous sentence, then such reduction will be determined in a manner which has the least economic cost to you and, to the extent the economic cost is equivalent, such payments or
benefits will be reduced in the inverse order of when the payments or benefits would have been made to you until the reduction specified is achieved. 

If and to the extent that any payment or benefit under this letter, or any plan, award or arrangement of the Company or its affiliates, is
determined by the Company to constitute “non-qualified deferred compensation” subject to Section 409A of the Internal Revenue Code (“Section 409A”) and is payable to you by reason of your termination of employment, then
(a) such payment or benefit shall be made or provided to you only upon a “separation from service” as defined for purposes of Section 409A under applicable regulations and (b) if you are a “specified employee”
(within the meaning of Section 409A as determined by the Company), such payment or benefit shall not be made or provided before the date that is six months after the date of your separation from service (or, if earlier than the expiration of
such six month period, the date of death). Any amount not paid or benefit not provided in respect of the six month period specified in the preceding sentence will be paid to you in a lump sum or provided to you as soon as practicable after the
expiration of such six month period. 
 To the extent you are entitled to any expense reimbursement from the Company that is subject to
Section 409A, (i) the amount of any such expenses eligible for reimbursement in one calendar year shall not affect the expenses eligible for reimbursement in any other taxable year (except under any lifetime limit applicable to expenses
for medical care), (ii) in no event shall any such expense be 

					
	 Mr. Joseph F. Yospe
	  	-3-	  	August 21, 2012        

  

 
reimbursed after the last day of the calendar year following the calendar year in which you incurred such expense, and (iii) in no event shall any right to reimbursement be subject to
liquidation or exchange for another benefit. 
 This letter is personal to you and without the prior written consent of the Company shall
not be assignable by you otherwise than by will or the laws of descent and distribution. This letter shall inure to the benefit of and be enforceable by your legal representatives. This letter shall inure to the benefit of and be binding upon the
Company and its successors and assigns. 
 To the extent permitted by law, you and the Company waive any and all rights to a jury trial
with respect to any matter relating to this letter. 
 This letter will be governed by and construed in accordance with the law of
the State of New York applicable to contracts made and to be performed entirely within that State. 
 Both the Company and you hereby
irrevocably submit to the jurisdiction of the courts of the State of New York and the federal courts of the United States of America located in the State of New York solely in respect of the interpretation and enforcement of the provisions of this
letter, and each of us hereby waives, and agrees not to assert, as a defense that either of us, as appropriate, is not subject thereto or that the venue thereof may not be appropriate. We each hereby agree that mailing of process or other papers in
connection with any such action or proceeding in any manner as may be permitted by law shall be valid and sufficient service thereof. 

This letter may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors
and legal representatives. The invalidity or unenforceability of any provision of this letter shall not affect the validity or enforceability of any other provision of this letter. It is the parties’ intention that this letter not be construed
more strictly with regard to you or the Company. 
 You agree to keep this letter and its terms strictly confidential (unless it is made
public by the Company); provided that (1) you are authorized to make any disclosure required of you by any federal, state or local laws or judicial proceedings, after providing the Company with prior written notice and an opportunity to
respond to such disclosure (unless such notice is prohibited by law) and (2) you are authorized to disclose this letter and its terms to your legal, financial and tax advisors and your representatives may disclose to any and all persons,
without limitation of any kind, the tax treatment and tax structure of this letter and all materials of any kind (including opinions or other tax analyses) that are provided to you relating to such tax treatment or structure. 

This letter reflects the entire understanding and agreement of you and the Company with respect to the subject matter hereof and supersedes
all prior understandings and agreements. 

					
	 Mr. Joseph F. Yospe
	  	-4-	  	August 21, 2012        

  

 This letter will automatically terminate, and be of no further force or effect, on the
Expiration Date (other than with respect to any rights which, by the terms of this letter, arose before such date). 

Very truly yours, 

/s/ Hank J. Ratner 

Hank J. Ratner 

President and Chief Executive Officer 
  

	
	Accepted and Agreed:
	
	 /s/ Joseph F. Yospe

	Joseph F. Yospe
	
	Date: August 21, 2012

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