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Exhibit 10.32  

 
 

AGREEMENT
  UNIVISION COMMUNICATIONS INC.
  AND
  CHARTWELL SERVICES NEW YORK, INC.    
  

INTRODUCTION  

        This Agreement, dated as of May 24, 2000, is between UNIVISION COMMUNICATIONS INC., a Delaware corporation ("Univision"), and CHARTWELL SERVICES NEW
YORK, INC. ("CSNYI"), a New York corporation (each a "Party" and together the "Parties"). 

        WHEREAS,
CSNYI provides certain of its employees to Univision on a full-time or part-time basis. 

        WHEREAS,
CSNYI furnishes such employees and certain executives of Univision with office space and office support. 

        WHEREAS,
the Parties wish to set forth the terms on which Univision will reimburse CSNYI for the salaries and benefits of such CSNYI employees and for various costs incurred in providing
such employees and Univision executives with office space and office support. 

ARTICLE 1

AGREEMENT  

        1.1  Reimbursement of Salaries and Benefits. Univision will reimburse CSNYI for the percent of salaries and benefits set forth
opposite those individuals shown on Exhibit A on a quarterly basis. Exhibit A shall be
amended periodically by the Parties to reflect CSNYI employees who are working part-time or full-time for Univision. 

        1.2  Reimbursement of Office and Administrative Costs.

        1.2.1    Office Costs. Univision will reimburse CSNYI for the pro rata portion of all expenses incurred by CSNYI
in providing office space and office services to CSNYI employees who work full-time or part-time for Univision, as well as for the costs incurred by CSNYI in providing office
space and services to employees of Univision who have an office in CSNYI's offices at 767 Fifth Avenue, 12th Floor, New York, NY 10153. Such expenses shall include a pro rata portion of
rent, as well as other costs associated with maintaining an office including, but not limited to, office space and common areas, parking fees, supplies, long-distance telephone calls,
facsimile transmissions, postage, and Federal Express and United Parcel Service shipments. All such expenses shall be reimbursed monthly. The pro rata portion shall be determined based on the ratio of
(a) the total square footage of the offices used by such employees and executives to (b) the total square footage of all offices in CSNYI's suite at 767 Fifth Avenue, 12th
Floor, New York, NY 10153. The initial percentage is estimated to be 48.56%, which shall be amended from time to time to reflect the number and size of CSNYI offices being utilized by
full-time and part-time CSNYI employees providing services to Univision and to Univision employees. 

        1.2.2    Administrative Costs. Univision will reimburse CSNYI for general administrative and tenant expenses and
improvements in a manner the Parties agree to from time to time. 

        1.3  Reimbursement of Transportation Costs. Univision will reimburse CSNYI for allocable transportation costs, including, but
not limited to, the cost of limousine service and any automobile allowances granted to CSNYI employees. 

        1.4  Indemnity. To the fullest extent permitted by applicable law, Univision hereby indemnifies CSNYI against all expenses if
CSNYI is made a party to, or threatened to be made a party to, or 

 

otherwise involved in, any legal, administrative, arbitration or other proceeding arising out of the provision of CSNYI employees to Univision or attributable to the actions or presence of Univision
executives at CSNYI offices. 

        1.5  Term and Renewal. The term of this Agreement shall be for a period of three (3) years, effective as of
May 24, 2000 and ending on May 23, 2003. This Agreement will be automatically renewed for a one (1) year term unless cancelled by either party through written notice by
February 24, 2003 or by February 24 of any subsequently extended year. 

        1.6  Univision Board Approval. This Agreement shall become effective only if it is approved by Univision's Board of Directors,
as required by its Bylaws. 

ARTICLE 2

MISCELLANEOUS PROVISIONS  

        2.1  Amendments; Waivers. Amendments, waivers, demands, consents and approvals under this Agreement must be in writing and
designated as such. No failure or delay in exercising any right will be deemed a waiver of such right. 

        2.2  Integration. This Agreement is the entire agreement between the Parties pertaining to its subject matter, and supersedes
all prior agreements and understandings of the Parties in connection with such subject matter. 

        2.3  Interpretation; Governing Law. This Agreement is to be construed as a whole and in accordance with its fair meaning. This
Agreement is to be interpreted in accordance with the laws of the State of New York. 

        2.4  Headings and Titles. Headings and Titles of Articles and Sections are for convenience only and are not a part of this
Agreement. 

        2.5  Counterparts. This Agreement may be executed in one or more counterparts, all of which constitute one agreement. 

        2.6  Successors and Assigns. This Agreement is binding upon and inures to the benefit of each Party and such Party's
respective heirs, personal representatives, successors and assigns. Nothing in this Agreement, express or implied, is intended to confer any rights or remedies upon any other person. 

        2.7  Representation by Counsel; Interpretation. Each Party acknowledges that it has been represented by counsel in connection
with this Agreement. Any rule of law or any legal decision that would require interpretation of any claimed ambiguities in this Agreement against the Party that drafted it has no application and is
expressly waived. 

        2.8  Severability. The provisions of this Agreement are severable. The invalidity, in whole or in part, of any provision of
this Agreement will not effect the validity or enforceability of any other of its provisions. If one or more provisions hereof is/are declared invalid or unenforceable, the remaining provisions will
remain in full force and effect and will be construed in the broadest possible manner to effectuate the purpose hereof. The Parties further agree to replace such void or unenforceable provisions of
this Agreement with valid and enforceable provisions that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provisions. 

        2.9  Notices. All notices, demands and requests required by this Agreement will be in writing and will be sent to the address
appearing below the Party's name on the execution page hereof. Any such notice, demand or request shall be deemed to have been given for all purposes: (a) upon personal delivery; (b) one
(1) business day after being sent, when sent by professional overnight courier service for next business day delivery from and to locations within the continental United States; (c) five
(5) days after posting when sent by registered or certified mail; or (d) on the date of receipt by the 

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sending Party of confirmation of the successful transmission of the facsimile, as printed by facsimile machine, when sent by facsimile. Any Party hereto may from time to time by notice in writing
served upon the others as provided herein, designate a different mailing address or a different party to which such notices or demands are thereafter to be addressed or delivered. 

        2.10 Relationship of Parties. Nothing herein contained is deemed to constitute a partnership between or joint venture by the
Parties, nor will either Party be deemed the agent of the other. Neither Party will hold itself out contrary to the provisions hereof. 

        2.11 Further Actions. Subject to the terms and conditions of this Agreement, each of the Parties agrees to use all
commercially reasonable efforts to take, or cause to be taken, all action necessary, proper or advisable to consummate and make effective the transactions contemplated by this Agreement. 

        IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date on the first page. 

	

 	
 	

UNIVISION COMMUNICATIONS, INC.

a Delaware corporation
	

 	
 	

/s/  GEORGE BLANK      

	 	 	By:	 	George Blank
	 	 	Title:	 	Chief Financial Officer
	

 	
 	

Address:	
 	

Glenpointe Centre West

500 Frank W. Burr Blvd.

6th Floor

Teaneck, New Jersey 07666

Attn: George Blank
	

 	
 	

CHARTWELL SERVICES NEW YORK, INC.

a New York corporation
	

 	
 	

/s/  A. JERROLD PERENCHIO      

	 	 	By:	 	A. Jerrold Perenchio
	 	 	Title:	 	President and Chief Executive Officer
	

 	
 	

Address:	
 	

1999 Avenue of the Stars

Suite 3050

Los Angeles, California 90067

Attn: A. Jerrold Perenchio

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Exhibit A  

	 	 	CSNYI Employees Furnished on Full-Time Basis to Univision:
	

 	
 	

None	
 	

(100%)
	

 	
 	
CSNYI Employees Furnished on Part-Time Basis to Univision:
	

 	
 	

Lorraine Annoscia	
 	

(50%)
	 	 	Steve Solomon	 	(50% of benefits only)
	

 	
 	

Receptionist (to be hired)	
 	

(48.56%*)
	 	 	Maintenance person (to be hired)	 	(48.56%*)

	*
	Calculated
based on the number and size of CSNYI offices being utilized by full-time and part-time CSNYI employees providing services to Univision and Univision
employees. 

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Exhibit 10.33  

 
 

Amendment No. 8 (the "Amendment") To
  Employment Agreement between
  Univision Communications Inc. ("Univision") and George W. Blank
  (the "Employment Agreement")    
  

        December 17, 2001 

	To:	 	George W. Blank

c/o Univision

Dear George: 

You
and Univision agree to amend the Employment Agreement as follows: 

        1.    Term. The Term of the Employment Agreement is extended through December 31, 2004, unless earlier terminated in
accordance with the provisions of the Employment Agreement. 

        2.    Salary. Your annual Base Salary rate will be: Six Hundred Thousand Dollars ($600,000) for the annual period from
January 1, 2004 through December 31, 2004. 

        3.    Effective Date of Amendment. Upon execution by you and Univision, this Amendment will become effective as of the date
first provided above. 

        4.    Notices. Any notice to Univision's General Counsel shall be sent to the following address: Univision, 5999 Center Drive,
Los Angeles, California 90045. 

        5.    Other. Except as provided in this Amendment, all other terms and conditions in the Employment Agreement will remain in
full force and effect, and the Employment Agreement, as amended hereby, is ratified and confirmed. 

	

 	
 	

UNIVISION COMMUNICATIONS INC.
	

 	
 	

By:	
 	

/s/  ROBERT V. CAHILL      

	 	 	 	 	Robert V. Cahill
	 	 	 	 	Vice President
	

/s/  GEORGE W. BLANK      
 George W. Blank	
 	

 	
 	

 

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Amendment No. 8 (the "Amendment") To Employment Agreement between Univision Communications Inc. ("Univision") and George W. Blank (the "Employment Agreement")

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