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                                                                  EXHIBIT 10.5.3

                                    AMFM INC.

                               SECOND AMENDMENT TO
                           1995 STOCK OPTION PLAN FOR
                     EXECUTIVE OFFICERS AND KEY EMPLOYEES OF
                           EVERGREEN MEDIA CORPORATION

         THIS SECOND AMENDMENT TO THE 1995 STOCK OPTION PLAN FOR EXECUTIVE
OFFICERS AND KEY EMPLOYEES OF EVERGREEN MEDIA CORPORATION (this "Amendment") is
made and adopted by AMFM Inc., a Delaware corporation (the "Company"), effective
as of July 5, 2000.

                                    RECITALS

         WHEREAS, the Company is the successor in interest to the obligations of
Evergreen Media Corporation under the 1995 Stock Option Plan for Executive
Officers and Key Employees of Evergreen Media Corporation (the "Plan");

         WHEREAS, in contemplation of the consummation of the merger (the "Clear
Channel Merger") of CCU Merger Sub, Inc., a wholly-owned subsidiary of Clear
Channel Communications, Inc., a Texas corporation, with and into the Company,
the Board of Directors of the Company approved this Amendment to amend the terms
and provisions of the Plan; and

         WHEREAS, any capitalized term used herein, and not otherwise defined
herein, shall have the meaning set forth in the Plan.

                                    AMENDMENT

         NOW, THEREFORE, the Plan is amended as follows:

         1. Section 4.3(c) of the Plan is amended and restated in its entirety
to read as follows:

                  (c) No portion of an Option which is unexercisable at
         Termination of Employment shall thereafter become exercisable;
         provided, however, that anything in the Plan or the terms of any Option
         to the contrary notwithstanding, with respect to any Options
         outstanding immediately after the Clear Channel Merger, if on or before
         the second anniversary of the Clear Channel Merger, (i) the employment
         of any Optionee terminates for any reason other than death, disability
         or cause, or (ii) an Optionee who is an Employee resigns after any
         action by the Company or any parent or Subsidiary of the Company which
         results in a material diminution in the position, compensation,
         authority, duties or responsibilities of the Optionee or requires the
         Optionee to relocate to another city which is more than 50 miles from
         the Optionee's then current location of employment, then the Options of
         such Optionee shall vest and become fully exercisable and such Optionee
         shall have the right to exercise his or her Options for the full amount
         of shares underlying the Options until the termination of the Options
         in accordance with their terms without regard, however, to any
         provisions regarding Termination of Employment contained therein.

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         2. Except as expressly set forth herein, the Plan shall remain in full
force and effect without further amendment or modification.

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         IN WITNESS WHEREOF, the Company, acting by and through its officer
hereunto duly authorized, has executed this Amendment effective as of the date
first written above.

                                       AMFM INC.

                                       By:         /s/ W. Schuyler Hansen
                                                -------------------------
                                       Name:    W. Schuyler Hansen
                                       Title:   Senior Vice President and
                                                Chief Accounting Officer

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                                                                  EXHIBIT 10.6.3

                                    AMFM INC.

                               SECOND AMENDMENT TO
                         CHANCELLOR BROADCASTING COMPANY
                                STOCK AWARD PLAN

         THIS SECOND AMENDMENT TO THE CHANCELLOR BROADCASTING COMPANY STOCK
AWARD PLAN (this "Amendment") is made and adopted by AMFM Inc., a Delaware
corporation (the "Company"), effective as of July 5, 2000.

                                    RECITALS

         WHEREAS, the Company is the successor in interest to the obligations of
Chancellor Broadcasting Company under the Chancellor Broadcasting Company Stock
Award Plan (the "Plan");

         WHEREAS, in contemplation of the consummation of the merger (the "Clear
Channel Merger") of CCU Merger Sub, Inc., a wholly-owned subsidiary of Clear
Channel Communications, Inc., a Texas corporation, with and into the Company,
the Board of Directors of the Company approved this Amendment to amend the terms
and provisions of the Plan; and

         WHEREAS, any capitalized term used herein, and not otherwise defined
herein, shall have the meaning set forth in the Plan.

                                    AMENDMENT

         NOW, THEREFORE, the Plan is amended as follows:

         1. Section 7(c) of the Plan is amended and restated in its entirety to
read as follows:

                  (c) Vesting. Subject to the provisions of Sections 7(g), the
         Committee shall, in its sole discretion, determine a vesting schedule
         upon which each Stock Option shall become exercisable and remain
         exercisable; provided, however, that if the Committee does not
         determine such vesting schedule, such Stock Option shall become
         exercisable as follows: 20 percent on the first anniversary of the date
         of grant and the remaining 80 percent shall vest pro rata on a monthly
         basis over the four-year period following the first anniversary of the
         date of grant.

         2. Section 7(g) of the Plan is amended by adding the following sentence
immediately after the last sentence thereof:

         Anything in the Plan or the terms of any Stock Option to the contrary
         notwithstanding, with respect to any Stock Options outstanding
         immediately after the

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         Clear Channel Merger, if on or before the second anniversary of the
         Clear Channel Merger (i) the employment of any recipient of a Stock
         Option pursuant to the Plan is terminated for any reason other than for
         death, disability or cause, or (ii) an employee recipient of a Stock
         Option pursuant to the Plan resigns after any action by the Company or
         any parent or subsidiary of the Company which results in a material
         diminution in the position, compensation, authority, duties or
         responsibilities of such employee or requires the employee to relocate
         to another city which is more than 50 miles from the employee's then
         current location of employment, then the Stock Options of such
         participant shall vest and become fully exercisable and such
         participant shall have the right to exercise his or her Stock Options
         for the full amount of shares underlying the Stock Options until the
         termination of the Stock Options in accordance with their terms without
         regard, however, to any termination of employment provisions contained
         therein.

         3. Section 9(c) of the Plan is amended and restated in its entirety to
read as follows:

                  (c) If a Nonemployee Director ceases to be a director of the
         Company for any reason other than due to death or disability, each
         Initial Director Stock Option shall remain exercisable only for the
         three-month period following the date the Nonemployee Director ceases
         to be a director of the Company; provided, however, that anything in
         the Plan or the terms of any Initial Nonemployee Stock Option to the
         contrary notwithstanding, any Initial Nonemployee Stock Option held by
         a participant who held office as a Nonemployee Director on or after
         October 2, 1999, shall vest and become fully exercisable at the
         effective time of the Clear Channel Merger or at such earlier time as
         such participant no longer holds office as a Nonemployee Director by
         reason of death, resignation, retirement, disqualification, removal
         from office, or otherwise, and such participant shall have the right to
         exercise such Initial Nonemployee Stock Option for the full amount of
         the shares underlying the Initial Nonemployee Stock Option until the
         termination of the Initial Nonemployee Stock Option in accordance with
         its terms, without regard, however, to any provisions contained therein
         that otherwise would have the effect of terminating the Initial
         Nonemployee Stock Option prior to the expiration of the full term
         thereof.

         4. Except as expressly set forth herein, the Plan shall remain in full
force and effect without further amendment or modification.

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         IN WITNESS WHEREOF, the Company, acting by and through its officer
hereunto duly authorized, has executed this Amendment effective as of the date
first written above.

                                       AMFM INC.

                                       By:         /s/ W. Schuyler Hansen
                                                -------------------------
                                       Name:    W. Schuyler Hansen
                                       Title:   Senior Vice President and
                                                Chief Accounting Officer

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                                                                  EXHIBIT 10.7.4

                                    AMFM INC.

                               THIRD AMENDMENT TO
                         AMENDED AND RESTATED AMFM INC.
                  STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS

         THIS THIRD AMENDMENT TO THE AMENDED AND RESTATED CHANCELLOR MEDIA
CORPORATION STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS (this "Amendment") is
made and adopted by AMFM Inc., a Delaware corporation (the "Company"), effective
as of ________, 2000.

                                    RECITALS

         WHEREAS, in contemplation of the consummation of the merger (the "Clear
Channel Merger") of CCU Merger Sub, Inc., a wholly-owned subsidiary of Clear
Channel Communications, Inc., a Texas corporation, with and into the Company,
the Board of Directors of the Company approved this Amendment to amend the terms
and provisions of the Amended and Restated Chancellor Media Corporation Stock
Option Plan for Non-Employee Directors (the "Plan"); and

         WHEREAS, any capitalized term used herein, and not otherwise defined
herein, shall have the meaning set forth in the Plan.

                                    AMENDMENT

         NOW, THEREFORE, the Plan is amended as follows:

         1. Section 4.4(b) of the Plan is amended and restated to read in its
entirety as follows:

                  (b) No Portion of an Option which is unexercisable at
         Termination of Directorship shall thereafter become exercisable, except
         as may be otherwise provided by the Board either in the Option
         Agreement or by action of the Board following grant of the Option;
         provided, however, that notwithstanding anything in the Plan or the
         terms of any Option to the contrary, any Option (other than Options
         granted on April 26, 2000) held by an Optionee who either held office
         as a non-employee Director of the Company on or after October 2, 1999
         or holds an Option on behalf or at the direction of an individual who
         held office as a non-employee Director of the Company on or after
         October 2, 1999, shall vest and become fully exercisable at the
         effective time of the Clear Channel Merger or at such earlier time at
         which such non-employee Director no longer holds office as a director
         of the Company by reason of death, resignation, retirement,
         disqualification, removal from office or otherwise, and such Optionee
         shall have the right to exercise such Options for the full amount of
         the shares underlying the

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         Options until the termination of the Options in accordance with their
         terms, without regard, however, to any provisions contained therein
         regarding Termination of Directorship or that otherwise would have the
         effect of terminating the Options prior to the expiration of the full
         term of the Options.

         2. Except as expressly set forth herein, the Plan shall remain in full
force and effect without further amendment or modification.

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         IN WITNESS WHEREOF, the Company, acting by and through its officer
hereunto duly authorized, has executed this Amendment effective as of the date
first written above.

                                    AMFM INC.

                                    By:        /s/ W. Schuyler Hansen
                                             ------------------------
                                    Name:    W. Schuyler Hansen
                                    Title:   Senior Vice President and
                                             Chief Accounting Officer

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