Document:

EX-10.8

 Exhibit 10.8 

EXECUTION VERSION 
  
 

 
 51 West 52nd Street 

New York, NY 10019 
 Laura Franco 

c/o CBS Corporation 
 51 West 52nd Street 

New York, NY 10019 
  

			
	Dear Laura:	  	as of August 13, 2019

 CBS Corporation (“CBS” or “the Company”), having an address at
51 West 52nd Street, New York, New York 10019, agrees to continue to employ you and you agree to accept such continued employment upon the following terms and conditions (this
“Agreement”): 
 1. Term; Effectiveness of this Agreement. The term of your employment under this Agreement
shall commence on the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 13, 2019 by and between CBS and Viacom Inc. (the “Merger Agreement”), and, unless earlier
terminated under this Agreement, shall expire on the date that is twenty-four (24) months from the consummation (the “Closing”) of the transactions contemplated by the Merger Agreement (the “Expiration
Date”). The period from the date of the Closing (the “Effective Date”) through the Expiration Date is referred to herein as the “Term” notwithstanding any earlier termination of your
employment for any reason. The provisions of this Agreement shall become effective on the Effective Date except for those provisions of this Agreement that explicitly state they become effective upon execution of this Agreement by you and the
Company, which provisions will be in full force and effect as of August 13, 2019. 
 2. Duties. You will serve as the Executive
Vice President & General Counsel for the business units and divisions over which the President & Acting Chief Executive Officer of the Company will have authority as set forth in the employment agreement attached to the letter
agreement dated August 13, 2019 between the President & Acting Chief Executive Officer of the Company and the Company (the “CBS Businesses”). In your role, you will dual report directly to (a) the
Chairman & Chief Executive Officer, or any successor(s) thereof, of the CBS Businesses (such person or persons, the “CBS Chairman”; and (b) the General Counsel of the Company (the “GC”).
The senior lawyers at the CBS Businesses shall report directly to you. You will be responsible for (i) all legal affairs of the CBS Businesses, including litigation, and (ii) Items 1-6 of
Section 4.07(a) of the Comet Disclosure Letter referred to in the Merger Agreement (or any other litigation based on the facts or assertions underlying such matters including the investigation relating thereto). With respect to any other
corporate litigation matters for which you were responsible as of the Closing that are not within the scope of the immediately prior sentence, the GC will consider in good faith your views about the appropriate allocation of responsibility. You will
also be jointly responsible for the CBS Transaction Litigation (as defined in the Merger Agreement) together with the GC. You shall also shall have access to the Company’s Board of 

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Directors (the “Board”) as may be requested by the Board from time to time. You will consult with and keep the GC reasonably informed with respect to legal matters for
which you are responsible. At all times while employed under this Agreement, your principal place of employment will be the Company’s executive offices in the New York metropolitan area; provided, however, that you may be required
to render services in the Los Angeles metropolitan area and elsewhere from time to time upon reasonable request for business reasons. Except as set forth in the next sentence, you agree to devote your entire business time, attention and energies to
the business of the Company. Notwithstanding anything to the contrary contained herein, you will be permitted to engage in charitable, civic, or other non-business activities and to serve as a member of the
board of directors of not-for-profit organizations and one for-profit organization (in the case of the for-profit organization, which is mutually agreeable to you and the CBS Chairman, subject to the Company’s applicable conflict of interest policies) so long as such activities do not materially interfere with
the performance of your duties and responsibilities hereunder. 
 3. Base Compensation. 

(a) Salary. For all the services rendered by you in any capacity under this Agreement, the Company agrees to pay you an annual base
salary (“Salary”) at the rate of One Million One Hundred Thousand Dollars ($1,100,000), less applicable deductions and withholding taxes, in accordance with the Company’s payroll practices as they may exist from time to
time. Your Salary shall be reviewed annually by the Compensation Committee of the Board (the “Committee”) and may be increased, but not decreased. Any such increase shall be made at a time, and in an amount, that the
Committee shall determine in its discretion. 
 (b) Bonus Compensation. You also shall receive annual bonus compensation
(“Bonus”) during your employment with the Company under this Agreement, determined and payable as follows: 

(i) Your Bonus for each calendar year during your employment with the Company under this Agreement (including, in the case of
the 2019 calendar year, the period of your service with the Company or any of its affiliates prior to the Effective Date of this Agreement) will be determined in accordance with the guidelines of the Company’s short-term incentive program or
any successor thereto (the “STIP”), as such guidelines may be amended from time to time without notice in the discretion of the Company. 

(ii) Your target bonus (“Target Bonus”) for each calendar year (including the period of your service
with the Company or any of its affiliates prior to the Effective Date of this Agreement) shall be 100% of your Salary in effect on November 1st of the calendar year, or the last day of your
employment, if earlier. 
 (iii) The Bonus for a calendar year shall be payable, less applicable deductions and withholding
taxes, between January 1st and March 15th of the following calendar year, except as otherwise provided in paragraph 7. 

(iv) Except as otherwise set forth herein, you must be employed on the last day of a calendar year to receive a Bonus for such
calendar year. However, if your 

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employment with the Company terminates prior to the last day of a calendar year, the Company may, in its discretion, choose to pay you a prorated Bonus, in which case such prorated Bonus will be
determined in accordance with the guidelines of the STIP and payable in accordance with paragraph 3(b)(iii). 
 (c) Long-Term Incentive
Compensation. 
 (i) Beginning with the Company’s annual grant for fiscal year 2020 (it being understood and agreed
that you have already received an annual LTIP grant for fiscal year 2019) and thereafter during your employment with the Company or any of its affiliates, you shall be eligible to receive annual grants of long-term incentive compensation under the
CBS Corporation 2009 Long-Term Incentive Plan (or any successor plan thereto) (the “LTIP”), as may be amended from time to time without notice in the discretion of the Company. You shall have a target long-term incentive
value equal to One Million Eight Hundred Thousand Dollars ($1,800,000). The precise amount, form (including equity and equity-based awards, which for purposes of this Agreement are collectively referred to as “equity
awards”) and timing of any such long-term incentive award, if any, shall be determined in the discretion of the Committee. 

(ii) The Company (or any successor thereto) shall maintain a registration statement on Form
S-8 for the class of shares that may be delivered to you under the LTIP upon exercise of stock options or the settlement of restricted share units (RSUs). 

4. Benefits. You shall be eligible to participate in all vacation, medical, dental, life insurance, long-term disability insurance,
retirement, and long-term incentive plans and programs and other benefit plans and programs applicable generally to the other senior executives of the Company and its subsidiaries as the Company may have or establish from time to time and in which
you would be eligible to participate under the terms of the plans, as may be amended from time to time. This provision shall not be construed to either require the Company to establish any welfare, compensation or long-term incentive plans, or to
prevent the modification or termination of any plan once established, and no action or inaction with respect to any plan shall affect this Agreement. 

5. Business Expenses. During your employment under this Agreement, the Company shall reimburse you for such reasonable travel (including
business class air travel) and other expenses incurred in the performance of your duties as are customarily reimbursed to Company executives at comparable levels to other similarly situated senior executives (but in no event at a level lower than
that which was available to you on August 1, 2019). Such travel and other expenses shall be reimbursed by the Company as soon as practicable in accordance with the Company established guidelines, as may be amended from time to time, but in no
event later than December 31st of the calendar year following the calendar year in which you incur the related expenses. 

6. Non-Competition, Confidential Information, Etc. 

(a) Non-Competition. 

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 (i) You agree that your employment with the Company is on an exclusive basis
and that, while you are employed by the Company or any of its subsidiaries, other than as permitted by paragraph 2, you will not engage in any other business activity which is in conflict with your duties and obligations (including your commitment
of time) under this Agreement. You further agree that, during your employment with the Company, you shall not directly or indirectly engage in or participate in (or sign any agreement to engage in or participate in (it being understood that during
your employment with the Company you may engage in discussions with prospective employers and execute an agreement for employment with any third party so long as the term of your employment pursuant to such agreement shall commence no earlier than
the day following the date on which you cease to be employed by the Company)), whether as an owner, partner, stockholder, officer, employee, director, agent of or consultant for, any business which at such time is competitive with any business of
the Company, or any of its subsidiaries, without the written consent of the Company; provided, however, that this provision shall not prevent you from investing as less than a one (1%) percent stockholder in the securities of any
company listed on a national securities exchange or quoted on an automated quotation system. For the avoidance of doubt, following the termination or cessation of your employment with the Company you shall not be subject to any non-competition or other similar restrictive covenant otherwise applicable to you, including the covenant set forth in this paragraph 6(a)(i). 

(ii) Notwithstanding anything herein to the contrary, the provision of paragraph 6(a)(i) that permits you to engage in
discussions with prospective employers (and execute an employment agreement to be effective on or after the cessation of your employment with the Company) shall be effective immediately upon execution of this Agreement by you and the Company, and
shall supersede any provisions to the contrary in the Prior Employment Agreement. 
 (b) Confidential Information. You agree that,
during the period of your employment with the Company and at any time thereafter, (i) you shall not use for any purpose other than the duly authorized business of the Company, or disclose to any third party, any information relating to the
Company, or any of the Company’s affiliated companies which is non-public, confidential or proprietary to the Company or any of the Company’s affiliated companies (“Confidential
Information”), including any trade secret or any written (including in any electronic form) or oral communication incorporating Confidential Information in any way (except as may be required by law or in the performance of your duties
under this Agreement consistent with the Company’s policies or to enforce your rights under this Agreement or in connection with any arbitration or litigation relating to your employment with the Company or any of its affiliates,
provided that, in connection with your use of Confidential Information in any arbitration or litigation proceeding, you use reasonable best efforts to avoid any unnecessary disclosure by you of the Confidential Information outside of such
proceeding); and (ii) you will comply with any and all confidentiality obligations of the Company to a third party, whether arising under a written agreement or otherwise. Information shall not be deemed Confidential Information which
(x) is or becomes generally available to the public other than as a result of a prohibited disclosure by you or at your direction or by any other person who directly or indirectly receives such information

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 from you, (y) is or becomes available to you on a
non-confidential basis from a source which is entitled to disclose it to you, or (z) constitutes Residuals. For purposes of this paragraph 6(b), the term “third party” shall be defined to
mean any person other than the Company, and its affiliated companies or any of their respective directors and senior officers. For purposes of this paragraph 6(b), the term “Residuals” shall mean Confidential Information to
which you had authorized access that is retained in nontangible form (for example, without limitation, not digital, written or other documentary form, including without limitation tape, disk or other media) in your unaided memory, provided that the
source of such Confidential Information has become remote (for example, without limitation, as a result of the passage of time or your subsequent exposure to information of a similar nature from another source without any breach of any
confidentiality obligation) such that you in good faith can no longer specifically identify the source of such Confidential Information and that you in good faith believe is not Confidential Information. 

Notwithstanding the foregoing, your obligation to protect confidential and proprietary information shall not prohibit you from disclosing
matters that are protected under any applicable whistleblower laws, including reporting possible violations of laws or regulations, or responding to inquiries from, or testifying before, any governmental agency or self-regulating authority, all
without notice to or consent from the Company. Additionally, you hereby are notified that the immunity provisions in Section 1833 of title 18 of the United States Code provide that an individual cannot be held criminally or civilly liable under
any federal or state trade secret law for any disclosure of a trade secret that is made (i) in confidence to federal, state or local government officials, either directly or indirectly, or to an attorney, and is solely for the purpose of
reporting or investigating a suspected violation of the law, (ii) under seal in a complaint or other document filed in a lawsuit or other proceeding, or (iii) to your attorney in connection with a lawsuit for retaliation for reporting a
suspected violation of law (and the trade secret may be used in the court proceedings for such lawsuit) as long as any document containing the trade secret is filed under seal and the trade secret is not disclosed except pursuant to court order.

 (c) No Solicitation, Etc. 

(i) You agree that, while employed by the Company and for twelve (12) months thereafter, you shall not directly or
indirectly employ or solicit the employment of any person who, on the date of termination of your employment, is an employee of the Company or any of its controlled affiliated companies; and 

(ii) You agree that, while employed by the Company, you shall not willfully and directly interfere with, disturb, or interrupt
any of the then-existing relationships (whether or not such relationships have been reduced to formal contracts) of the Company or its controlled affiliated companies with any customer, consultant or supplier resulting in material harm to the
Company. 
 (d) Company Ownership. The results and proceeds of your services under this Agreement, including, without limitation, any
works of authorship resulting from your services during your employment with the Company and/or any of the Company’s affiliated companies and any works in progress resulting from such services, shall be works-made-for-hire and the Company shall be deemed the sole owner throughout the universe of any and all rights of every nature in such 

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 works, whether such rights are now known or hereafter defined or discovered, with the right to use the works
in perpetuity in any manner the Company determines, in its discretion, without any further payment to you. If, for any reason, any of such results and proceeds are not legally deemed a
work-made-for-hire and/or there are any rights in such results and proceeds which do not accrue to the Company under the preceding sentence, then you hereby irrevocably
assign and agree to assign any and all of your right, title and interest thereto, including, without limitation, any and all copyrights, patents, trade secrets, trademarks and/or other rights of every nature in the work, whether now known or
hereafter defined or discovered, and the Company shall have the right to use the work in perpetuity throughout the universe in any manner the Company determines, in its discretion, without any further payment to you. You shall, as may be requested
by the Company from time to time and at the Company’s expense, do any and all things which the Company may deem useful or desirable to establish or document the Company’s rights in any such results and proceeds, including, without
limitation, the execution of appropriate copyright, trademark and/or patent applications, assignments or similar documents and, if you are unavailable or unwilling to execute such documents, you hereby irrevocably designate the Secretary of the
Company (or his or her designee) as your attorney-in-fact with the power to execute such documents on your behalf. To the extent you have any rights in the results and
proceeds of your services under this Agreement that cannot be assigned as described above, you unconditionally and irrevocably waive the enforcement of such rights. This paragraph 6(d) is subject to, and does not limit, restrict, or constitute a
waiver by the Company of any ownership rights to which the Company may be entitled by operation of law by virtue of being your employer. 

(e) Litigation. 

(i) You agree that during the period of your employment with the Company and for twelve (12) months thereafter or, if
later, during the pendency of any litigation or other proceeding, (x) you shall not communicate with anyone (other than your own attorneys and tax advisors), except to the extent necessary in the performance of your duties under this
Agreement, with respect to the facts or subject matter of any pending or potential litigation, or regulatory or administrative proceeding involving the Company, or any of the Company’s controlled affiliated companies other than any litigation
or other proceeding in which you are a party-in-opposition, without giving prior notice to the Company or its counsel (to the extent lawful); and (y) in the
event that any other party attempts to obtain information or documents from you with respect to such matters, either through formal legal process such as a subpoena or by informal means such as interviews, you shall promptly notify the GC before
providing any information or documents (to the extent lawful). 
 (ii) You agree to cooperate with the Company and its
attorneys, both during and after the termination of your employment, in connection with any litigation or other proceeding arising out of or relating to matters in which you were involved or had knowledge of prior to the termination of your
employment. Your cooperation shall include, without limitation, providing assistance to the Company’s counsel, experts or consultants, providing truthful testimony in pretrial and trial or hearing proceedings and any travel related to your
attendance at such proceedings. In the event that your cooperation is requested after the termination of your employment, the Company will (x) seek to minimize 

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interruptions to your schedule to the extent consistent with its interests in the matter; and (y) reimburse you for all reasonable and appropriate out-of-pocket expenses actually incurred by you in connection with such cooperation upon reasonable substantiation of such expenses. Any such reimbursement shall be made within 60 calendar days following the
date on which the Company receives appropriate documentation with respect to such expenses, but in no event shall payment be made later than December 31 of the calendar year following the calendar year in which you incur the related expenses.

 (iii) You agree that during the period of your employment with the Company and at any time thereafter, to the fullest
extent permitted by law, you will not, other than to enforce your rights under this Agreement pursuant to and in accordance with paragraph 17 of this Agreement, testify voluntarily in any lawsuit or other proceeding which directly or indirectly
involves the Company, or any of the Company’s controlled affiliated companies, or which may create the impression that such testimony is endorsed or approved by the Company, or any of the Company’s controlled affiliated companies, without
advance notice (including the general nature of the testimony) to and, if such testimony is without subpoena or other compulsory legal process, the approval of the GC. 

(f) No Right to Give Interviews or Write Books, Articles, Etc. During the Term, except as authorized by the Company (which authorization
shall include, without limitation, the written or verbal approval of the Chief Executive Officer of the Company or in carrying out your duties and responsibilities under this Agreement (which include, without limitation, approved participation in
industry conferences, investor conferences, media events, road shows and similar events), you shall not (i) give any interviews or speeches, or (ii) prepare (other than personal notes and/or a diary) or knowingly assist in any meaningful
respect any person or entity in the preparation of any books, articles, television or motion picture productions or other creations, in either case, concerning the Company, or any of the Company’s controlled affiliated companies, or any of
their respective officers, directors, agents, employees, suppliers or customers. 
 (g) Return of Property. All documents, data,
recordings, or other property, whether tangible or intangible, including all information stored in electronic form, obtained or prepared by or for you and utilized by you in the course of your employment with the Company shall remain the exclusive
property of the Company. 
 (h) Non-Disparagement. You and the Company agree that each party,
during the period of your employment with the Company and at any time thereafter, shall not, in any communications with the press or other media or any customer, client, supplier or member of the investment community, criticize, ridicule or make any
statement which disparages or is derogatory of the other party; provided, that the Company’s obligations shall be limited to communications by the directors (and their affiliates) and senior corporate executives having the rank of Senior
Vice President or above of the Company or any of its affiliates (“Specified Executives”), and it is agreed and understood that any such communication by any Specified Executive (or by any executive at the behest of a
Specified Executive) shall be deemed to be a breach of this paragraph 6(h) by the Company. Notwithstanding the foregoing, neither you nor the Company shall be prohibited from making truthful statements in connection with any arbitration proceeding
described in paragraph 17 hereof concerning a dispute relating to this Agreement. 

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 (i) Injunctive Relief. The Company has entered into this Agreement in order to obtain
the benefit of your unique skills, talent, and experience. You acknowledge and agree that any violation of paragraphs 6(a) through (h) of this Agreement by you will result in irreparable damage to the Company and, accordingly, the Company may
obtain injunctive and other equitable relief for any breach or threatened breach of such paragraphs, in addition to any other remedies available to the Company. The Company acknowledges and agrees that any violation of paragraph 6(h) by the Company
or the Specified Executives will result in irreparable damage to you and, accordingly, you may obtain injunctive and other equitable relief for any breach or threatened breach of such paragraph, in addition to any other remedies available to you.

 (j) Survival; Modification of Terms. Your obligations and the obligations of the Company and its affiliated companies under
paragraphs 6(a) through (i) shall remain in full force and effect for the entire period provided therein. You, the Company, its affiliated companies and the Specified Executives agree that the restrictions and remedies contained in paragraphs
6(a) through (h) are reasonable and that it is your intention and the intention of the Company that such restrictions and remedies shall be enforceable against the applicable persons to the fullest extent permissible by law. If a court of
competent jurisdiction shall find that any such restriction or remedy is unenforceable but would be enforceable if some part were deleted or the period or area of application reduced, then such restriction or remedy shall apply with the modification
necessary to make it enforceable. You acknowledge that the Company conducts its business operations around the world and has invested considerable time and effort to develop the international brand and goodwill associated with the “CBS”
name. To that end, you further acknowledge that the obligations set forth in this paragraph 6 are by necessity international in scope and necessary to protect the international operations and goodwill of the Company and its controlled affiliated
companies. 
 7. Termination of Employment. 

(a) Termination for Cause. 

(i) The Company may, at its option, terminate your employment under this Agreement for Cause at any time during the
Term. For purposes of this Agreement, “Cause” shall mean your: (A) engaging or participating in intentional acts of material embezzlement or fraud against the Company and its subsidiaries; (B) willful
unauthorized disclosure of Confidential Information; (C) willful failure to obey a material lawful directive that is appropriate to your position and does not interfere or conflict with the powers and authority granted to you hereunder;
(D) willful and material violation of any formal written policy of the Company that is generally applicable to all employees or all officers of the Company and its subsidiaries including, but not limited to, policies concerning insider trading
or sexual harassment, and the Company’s Business Conduct Statement; (E) willful and material breach of any of your material obligations under this Agreement; (F) your willful misfeasance having a material adverse effect on the Company
and its subsidiaries (except in the event of your Disability as set forth herein); (G) conviction of a felony; (H) willful failure to cooperate with a bona fide internal investigation or investigation by regulatory or law enforcement
authorities or the willful destruction or knowing and intentional failure to preserve documents or other material 

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reasonably known by you to be relevant to such an investigation, or the inducement of others so to fail to cooperate or to destroy or fail to produce documents or other material; or
(I) conduct which is reasonably likely to bring you into public disrepute in a manner materially adverse to the Company. 

Notwithstanding the reporting lines set forth in paragraph 2(a) of this Agreement, communications between you and the Board or between you and
the CBS Chairman shall not, in and of themselves, constitute a basis for Cause; and, in the case of conflicting directions from the CBS Chairman and GC on a material issue, such matter shall be escalated to the President and Chief Executive Officer.

 For purposes of the foregoing definition, an act or omission shall be considered “willful” if done, or omitted to be done, by
you with knowledge and intent. 
 Anything herein to the contrary notwithstanding your termination of employment by the Company will not be
deemed to be for Cause pursuant to clauses (A), (B), (C), (D), (E), (F), (H) and (I) above unless and until: (x) there shall have been delivered to you, at the direction of the Board pursuant to a resolution duly adopted by the
Required Vote, written notice of the Company’s intention to terminate you for Cause setting forth the nature of any alleged misfeasance in reasonable detail (including any corroborating evidence) and, if such misfeasance is capable of being
cured, the conduct required to cure, which notice shall be delivered as soon as practicable, but in no event later than forty-five (45) calendar days, after the occurrence of an event alleged to constitute Cause is known by (i) the Chief
Executive Officer of the Company, (ii) any member of the Board (iii) the General Counsel of the Company or (iv) the Chief Financial Officer of the Company; (y) except for a failure, conduct or breach which by its nature
cannot be cured, you have been afforded thirty (30) calendar days from the receipt of such notice within which to cure and, if so cured, after which period the Company cannot terminate your employment under this Agreement for the stated reason;
and (z) there shall have been delivered to you a copy of a resolution duly adopted by the Board by the Required Vote at a meeting of the Board called and held for such purpose (after reasonable notice is provided to you and you are given
an opportunity, together with counsel, to be heard before the Board) finding that, in the good faith opinion of the Board by the Required Vote, Cause exists and specifying the particulars thereof in reasonable detail (collectively, the
“Procedural Requirements”). For purposes of this Agreement, no such purported termination of your employment for Cause set forth in clauses (A), (B), (C), (D), (E), (F), (H) or (I) above shall be effective unless and
until all of the Procedural Requirements have been satisfied. 
 For purposes of this Agreement, “Required Vote”
shall mean the “Requisite Approval” as such term is defined in the Amended and Restated By-Laws of the Company attached as Exhibit C to the Merger Agreement (as such
By-Laws may be amended or modified from time to time in accordance with the terms of the Merger Agreement or the terms of such By-Laws). 

(b) Termination without Cause. CBS may terminate your employment under this Agreement without Cause at any time during the Term by
providing written notice of 

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termination to you; provided, however, that after Closing, such termination shall only be effective if approved by the Required Vote. 

(c) Resignation without Good Reason. You may voluntarily resign your employment under this Agreement without Good Reason at any time
during the Term by providing written notice of resignation to CBS. 
 (d) Resignation with Good Reason. You may resign your employment
under this Agreement with Good Reason at any time during the Term by written notice of termination to the Company given no more than thirty (30) days after you learned of the occurrence of the event constituting Good Reason. Such notice shall
state an effective resignation date that is not earlier than thirty (30) days and not later than sixty (60) days after the date it is given to the Company; provided, that the Company may set an earlier effective date for your
resignation at any time after receipt of your notice. For purposes of this Agreement (and any other agreement that expressly incorporates the definition of Good Reason hereunder), “Good Reason” shall mean the occurrence of
any of the following without your consent (other than in connection with the termination or suspension of your employment or duties for Cause or in connection with physical and mental incapacity): (A) a reduction in (1) your position, titles,
offices, reporting relationships, authorities, duties or responsibilities from those set forth in paragraph 2, including any such reduction effected through any arrangement involving the sharing of your position, titles, offices, reporting
relationships, authorities, duties or responsibilities, or any such reduction which would remove positions, titles, offices, reporting relationships, authorities, duties or responsibilities which are customarily given to the highest ranking legal
officer of a business unit or division of the size, type and nature of the CBS Businesses of a public company comparable to the Company or (2) your base Salary or target compensation as set forth in paragraph 3, including your annual Target
Bonus or long term incentive targets (for the avoidance of doubt, a reduction shall include and be deemed to have occurred with respect to clause (A)(1) above if (x) you cease to be the most senior executive responsible for the legal
affairs of the CBS Businesses or (y) if neither the Company nor its ultimate parent company (if any) is a public company); (B) the assignment to you of duties or responsibilities that are inconsistent or conflict with your position,
titles, offices or reporting relationships as set forth in paragraph 2 or that impair your ability to function as Executive Vice President & General Counsel of the CBS Businesses; (C) the material breach by the Company of any of its
obligations under this Agreement (it being understood that a breach by the Company of its obligations under paragraph 3 shall constitute a material breach of this Agreement); or (D) the requirement that you relocate outside of the metropolitan
area in which you currently are employed (as described in paragraph 2 of this Agreement) to any metropolitan area other than New York. The Company shall have thirty (30) days from the receipt of your notice within which to cure and, in the
event of such cure, your notice shall be of no further force or effect. If no cure is effected, your resignation will be effective as of the date specified in your written notice to the Company or such earlier effective date set by the Company
following receipt of your notice. 
 (e) Death. Your employment with the Company shall terminate automatically upon your death. 

(f) Disability. If, while employed during the Term, you become “disabled” within the meaning of such term under the
Company’s Short-Term Disability (“STD”) program 

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(such condition is referred to as a “Disability” or being “Disabled”), you will be considered to have experienced a termination of employment with
the Company and its subsidiaries as of the date you first become eligible to receive benefits under the Company’s Long-Term Disability (“LTD”) program or, if you do not become eligible to receive benefits under the
Company’s LTD program, you have not returned to work by the six (6) month anniversary of your Disability onset date. 
 (g) Non-Renewal. If you remain employed hereunder on the Expiration Date, but have not entered into a new written contractual relationship with the Company (or any of the Company’s subsidiaries), your
employment shall automatically be deemed to terminate at midnight on the Expiration Date. 
 (h) Termination Payments and Benefits.
Upon termination of your employment for any reason, including upon nonrenewal of the Agreement, you shall thereafter receive, less applicable withholding taxes, (u) any unpaid Salary through and including the date of termination, any unpaid
Bonus earned for the calendar year prior to the calendar year in which you are terminated, and any business expense reimbursements incurred but not yet approved and/or paid, payable within thirty (30) days following your termination date,
(v) any accrued vested benefits under any employee benefit or pension plan of CBS or its affiliates (including any equity plan or award agreement thereunder) subject to the terms and conditions of such plan or pursuant to applicable law,
(w) any rights in connection with your interests as a stockholder, (x) any rights to indemnification pursuant to paragraph 19, and (y) such other amounts as are required to be paid or provided by law (the “Accrued
Obligations”), and (z) subject to your compliance with paragraph 7(k) hereunder, the following payments and benefits: 

(i) Pro-Rata Bonus: a Target Bonus (ignoring any reduction in your Target Bonus
prior to your termination date that constituted Good Reason) for the calendar year in which your employment is terminated, prorated based on the number of calendar days of such year elapsed through the date your employment is terminated (the
“Pro-Rata Bonus”), payable, less applicable deductions and withholding taxes, in a lump sum between January 1st and March 15th of the following calendar year; 
 (ii) Cash Severance: a
severance amount equal to three (3) times the sum of (x) your then current base Salary described in paragraph 3(a) (ignoring any reduction in base Salary that constituted Good Reason) plus (y) the greater of your Target
Bonus (ignoring any reduction in your Target Bonus prior to such date that constituted Good Reason) or the average of your actual bonuses for the three fiscal years completed prior to the date that the Merger Agreement is fully executed by all
parties thereto, paid in a lump sum within thirty (30) days following your termination date; provided, however, that if you are a “specified employee” (within the meaning of Code Section 409A and determined pursuant
to procedures adopted by the Company) at the time of your termination and any portion of the Cash Severance amount constitutes “deferred compensation” within the meaning of Section 409A, such portion shall be paid to you in a lump sum
on the first day of the seventh calendar month following the calendar month in which your termination occurs or your date of death, if earlier (the “Permissible Payment Date”), rather than as described above, and any
remaining Cash Severance amount shall be 

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paid to you or your estate, as applicable, following the Permissible Payment Date in accordance with the schedule set forth in paragraphs 7(b)(ii)(A) and (B) of the Prior Employment
Agreement. Each payment pursuant to this paragraph 7(h)(ii) shall be regarded as a separate payment and not one of a series of payments for purposes of Section 409A; 

(iii) Health Benefits: medical and dental insurance coverage for you and your eligible dependents at no cost to you
(except as hereafter described) pursuant to the Company benefit plans in which you participated in at the time of your termination of employment (or, if such plans are no longer in effect, comparable benefit plans generally available to senior level
executives) for a period of thirty-six (36) months following the termination date, or if earlier, the date on which you become eligible for medical or dental coverage as the case may be from a third
party, which period of coverage shall not be considered to run concurrently with the COBRA continuation period; provided that during the period that the Company provides you with this coverage, the cost of such coverage shall be treated as
taxable income to you and the Company may withhold taxes from your compensation for this purpose to the extent required by applicable law; provided, further, that you may elect to continue your medical and dental insurance coverage
under COBRA at your own expense thereafter; provided, further, that to the extent the Company is unable to continue such benefits because of underwriting on the plan term or if such continuation would violate Code Section 105(h),
the Company shall provide you with economically equivalent benefits determined on an after-tax basis (to the extent such benefit was non-taxable). Notwithstanding the
foregoing, if you meet the eligibility criteria of the Company’s Retiree Medical Plan as of the date of your termination, you shall have a vested right to participate in the Company’s Retiree Medical Plan under the terms of such plan in
effect on the date of your termination, in lieu of the continued medical (but not dental) coverage described above. To the extent the coverage under the Company’s Retiree Medical Plan for which you would be eligible would require payment of a
premium (i.e., coverage is not fully subsidized by the Company), premiums for the first thirty-six (36) months of such retiree medical coverage shall be paid by the Company, and an amount equal to
the amount of such subsidized premium will be reported as taxable income to the Participant to the extent required by law. 

(iv) Life and AD&D Insurance: life and accidental death and dismemberment insurance coverage at no cost to you for thirty-six (36) months under the Company’s policy in effect on the date of termination in the amount then furnished to Company employees at no cost (the amount of which coverages will be reduced by the
amount of such insurance coverages furnished to you at no cost by a third party employer); provided, however, that to the extent the Company is unable to continue such benefits because of underwriting on the plan term, the Company
shall provide you with economically equivalent benefits determined on an after-tax basis (to the extent such benefit was non-taxable). 

(v) Equity: except as provided in paragraph 7(h)(ix) below, the following with respect to awards granted to you under
the LTIP (or any predecessor plan to the LTIP): 

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 (A) All stock option awards (or portions thereof) that have not vested and
become exercisable on the date of such termination shall accelerate and vest immediately on the Release Effective Date (as defined in paragraph 7(k) herein), and will continue to be exercisable until their expiration date; 

(B) All stock option awards (or portions thereof) that have previously vested and become exercisable by the date of such
termination shall remain exercisable until their expiration date; and 
 (C) With respect to all awards of RSUs and other
equity awards (or portions thereof) that have not vested on the date your employment is terminated, such awards shall accelerate and vest immediately on the Release Effective Date and be settled within ten (10) business days thereafter;
provided, however, that with respect to any RSU and other equity awards that remain subject to performance-based vesting conditions on your termination date, such award shall immediately vest (with an assumption that the performance
goal was achieved at target level, if and to the extent applicable) on the Release Effective Date and be settled within ten (10) business days thereafter. Notwithstanding the foregoing, to the extent that you are a “specified
employee” (within the meaning of Code Section 409A and determined pursuant to procedures adopted by the Company) at the time of your termination and any portion of your RSUs or other equity awards that would otherwise be settled during the
six-month period following your termination of employment constitutes “deferred compensation” within the meaning of Code Section 409A, such portion shall instead be settled on the Permissible
Payment Date; and 
 (vi) Outplacement Services: The Company will make available to you, at its expense, executive
level outplacement services with a leading national outplacement firm, with such outplacement services to be provided for a period of up to twelve (12) months following the date on which your employment is terminated. The outplacement program
shall be designed and the outplacement firm selected by the Company. The Company will pay all expenses related to the provision of outplacement services directly to the outplacement firm by the end of the calendar year following the calendar year in
which the outplacement services are provided. 
 (vii) No Mitigation;
Non-Duplication. You shall not be required to mitigate the amount of any payment provided for in this paragraph 7(h) by seeking other employment. The payments provided for in paragraph 7(h) are in lieu of
any other severance or income continuation or protection in this Agreement or in any Company plan, program or agreement that may now or hereafter exist, including the Prior Employment Agreement. Notwithstanding the foregoing or anything to
the contrary herein, in the event of your Qualifying Termination (as defined in the Senior Executive Retention Plan) you shall remain eligible to receive all payments pursuant to such plan to the extent the Senior Executive Retention Plan provides
for greater benefits than provided in this paragraph 7(h). 
 (viii) Death after Qualifying Termination. In the event
of your death after 

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the termination of your employment under circumstances described in paragraph 7(b), 7(c), 7(d), 7(f) or 7(g), which entitled you to the payments and benefits described in this paragraph 7(h), but
prior to your receipt of all such payments and benefits described in paragraph 7(h) that you would have received had you continued to live, all such payments and benefits shall be paid, less applicable deductions and withholding taxes, to your
beneficiary (or, if no beneficiary has been designated, to your estate) in accordance with the applicable payment schedule set forth in paragraphs 7(h)(i) through (vi), as applicable. 

(ix) Special Provisions for Termination for Cause or Resignation without Good Reason. Notwithstanding paragraph 7(h)(v),
if your employment is terminated for Cause under paragraph 7(a) or you voluntarily resign your employment without Good Reason at any time prior to the ten (10) month anniversary of the Closing Date, the awards granted to you under the LTIP for
the 2020 fiscal year will be forfeited. All other provisions of paragraph 7(h) will apply in this circumstance in accordance with their terms. 

(i) Resignation from Official Positions. If your employment with the Company terminates for any reason, you shall automatically be
deemed to have resigned at that time from any and all officer or director positions that you may have held with the Company, or any of its affiliated companies and all board seats or other positions in other entities you held on behalf of the
Company, including any fiduciary positions (including as a trustee) you hold with respect to any employee benefit plans or trusts established by the Company. You agree that this Agreement shall serve as written notice of resignation in this
circumstance. If, however, for any reason this paragraph 7(i) is deemed insufficient to effectuate such resignation, you agree to execute, upon the request of the Company or any of its affiliated companies, any documents or instruments which the
Company may deem necessary or desirable to effectuate such resignation or resignations, and you hereby authorize the Secretary and any Assistant Secretary of the Company or any of its affiliated companies to execute any such documents or instruments
as your attorney-in-fact. 
 (j) Termination of
Benefits. Notwithstanding anything in this Agreement to the contrary (except as otherwise provided in paragraph 7(h)(iii) and 7(h)(iv)), with respect to medical and dental benefits and life and AD&D insurance), participation in all Company
benefit plans and programs (including, without limitation, vacation accrual, all retirement and related excess plans and LTD) will terminate upon the termination of your employment except to the extent otherwise expressly provided in such plans or
programs, and subject to any vested rights you may have under the terms of such plans or programs. The foregoing shall not apply to the LTIP and, after the termination of your employment, your rights under the LTIP shall be governed by the terms of
the LTIP award agreements, certificates, the applicable LTIP plan(s) and this Agreement. 
 (k) Release. Notwithstanding any provision
in this Agreement to the contrary, prior to payment by the Company of any amount or provision of any benefit pursuant to paragraph 7(h), within sixty (60) days following your termination of employment, (x) you shall have executed
and delivered to the Company a general release in the form attached hereto as Exhibit A and (y) such general release shall have become effective and irrevocable in its entirety (unless such general release has not become effective and
irrevocable in its entirety due to the other party thereto failing 

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to execute such general release, in which case the requirements of this paragraph shall be waived as to you) (such date, the “Release Effective Date”); provided,
however, that if, at the time any cash severance payments are scheduled to be paid to you pursuant to paragraph 7(h), you have not executed a general release that has become effective and irrevocable in its entirety (unless such general
release has not become effective and irrevocable in its entirety due to the other party thereto failing to execute such general release, in which case the requirements of this paragraph shall be waived as to you), then any such cash severance
payments shall be held and accumulated without interest, and shall be paid to you on the first regular payroll date following the Release Effective Date and the vesting of any stock options, RSUs and other equity awards shall be suspended until the
Release Effective Date. Your failure or refusal to sign and deliver the release or your revocation of an executed and delivered release (unless such general release has not become effective and irrevocable in its entirety due to the other party
thereto failing to execute such general release) in accordance with applicable laws, will result in the forfeiture of the payments and benefits under paragraph 7(h). Notwithstanding the foregoing, if the sixty (60) day period does not begin and
end in the same calendar year, then the Release Effective Date shall occur no earlier than January of the calendar year following the calendar year in which your termination occurs 

8. No Acceptance of Payments. You represent that you have not accepted or given nor will you accept or give, directly or indirectly, any
money, services or other valuable consideration from or to anyone other than the Company for the inclusion of any matter as part of any film, television program or other production produced, distributed and/or developed by the Company, or any of the
Company’s controlled affiliated companies. 
 9. Equal Opportunity Employer; Employee Statement of Business Conduct. You
recognize that the Company is an equal opportunity employer. You agree that you will comply with the Company policies regarding employment practices and with applicable federal, state and local laws prohibiting discrimination on the basis of race,
color, sex, religion, national origin, citizenship, age, marital status, sexual orientation, disability or veteran status. In addition, you agree that you will comply with the Company’s Business Conduct Statement. 

10. Notices. All notices under this Agreement must be given in writing, by personal delivery or by registered mail, at the parties’
respective addresses shown in this Agreement (or any other address designated in writing by either party), with a copy, in the case of the Company, to the attention of the Corporate Secretary of the Company. Copies of all notices to you shall be
given to Hughes Hubbard & Reed LLP, One Battery Park Plaza, New York, NY 10004, Attention: Kenneth A. Lefkowitz. Any notice given by registered mail shall be deemed to have been given three days following such mailing. 

11. Assignment. This is an Agreement for the performance of personal services by you and may not be assigned by you or the Company
except that the Company may assign this Agreement to any majority-owned subsidiary of or any successor in interest to the Company, provided that such assignee expressly assumes all of the obligations of the Company hereunder and the Company shall
continue to remain liable for all of the assigned obligations hereunder. 
 12. New York Law, Etc. You acknowledge that this
Agreement has been executed, in whole or in part, in the State of New York and that your employment duties are primarily 

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performed in New York. Accordingly, you agree that this Agreement and all matters or issues arising out of or relating to your employment with the Company shall be governed by the laws of the
State of New York applicable to contracts entered into and performed entirely therein without giving effect to any choice or conflict of law provision or rule that would cause the application of the laws of any jurisdiction other than the State of
New York. 
 13. No Implied Contract. Nothing contained in this Agreement shall be construed to impose any obligation on the
Company or you to renew this Agreement or any portion thereof. The parties intend to be bound only upon execution of a written agreement and no negotiation, exchange of draft or partial performance shall be deemed to imply an agreement. Neither the
continuation of employment nor any other conduct shall be deemed to imply a continuing agreement upon the expiration of the Term. 
 14.
Void Provisions. If any provision of this Agreement, as applied to either party or to any circumstances, shall be found by a court of competent jurisdiction to be unenforceable but would be enforceable if some part were deleted or the period
or area of application were reduced, then such provision shall apply with the modification necessary to make it enforceable, and shall in no way affect any other provision of this Agreement or the validity or enforceability of this Agreement. 

15. Entire Understanding; Supersedes Prior Agreements. This Agreement together with that certain letter agreement regarding the CBS
Corporation Senior Executive Retention Plan (the “Senior Executive Retention Plan,” the terms of which are incorporated by reference into this Agreement) dated March 1, 2019, by and between the Company and you (the
“CBS Retention Plan Letter”) contain the entire understanding of the parties hereto as of the Effective Date relating to the subject matter contained in this Agreement, and can be changed only by a writing signed by both
parties. Effective as of the Closing, this Agreement supersedes and cancels all prior agreements other than the Senior Executive Retention Plan (which, to the extent the Senior Executive Retention Plan provides for greater benefits than those
provided for herein, the Senior Executive Retention Plan shall survive following the Effective Date of this Agreement and remain enforceable in accordance with its terms) relating to your employment by the Company or any of the Company’s
affiliated companies relating to the subject matter herein (the “Prior Employment Agreement”); provided, however, that no provision in this Agreement shall be construed to adversely affect any of your rights to
compensation, expense reimbursement or benefits (including equity compensation) payable in accordance with the terms of the Prior Employment Agreement (and applicable equity award agreements) or any of your rights to indemnification with respect to
your service under the Prior Employment Agreement, all of which are expressly agreed to survive the execution of this Agreement. If the transactions contemplated in the Merger Agreement are not consummated (i.e., the Closing does not occur),
this Agreement shall be void ab initio, except for the provisions of paragraph 6(a)(ii), paragraph 6(c)(ii), this sentence of paragraph 15, paragraph 20, paragraph 21 and paragraph 22, which shall continue in full force and effect. 

16. Payment of Deferred Compensation – Code Section 409A. 

(a) To the extent applicable, it is intended that the compensation arrangements under this Agreement be in full compliance with Code
Section 409A. This Agreement shall be 

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construed in a manner to give effect to such intention. In no event whatsoever (including, but not limited to as a result of this paragraph 16 or otherwise) shall the Company or any of its
affiliates be liable for any tax, interest or penalties that may be imposed on you under Code Section 409A. Neither the Company nor any of its affiliates have any obligation to indemnify or otherwise hold you harmless from any or all such
taxes, interest or penalties, or liability for any damages related thereto. You acknowledge that you have been advised to obtain independent legal, tax or other counsel in connection with Code Section 409A. 

(b) Your right to any in-kind benefit or reimbursement benefits pursuant to any provisions of this
Agreement or pursuant to any plan or arrangement of the Company covered by this Agreement shall not be subject to liquidation or exchange for cash or another benefit. 

17. Arbitration. If any disagreement or dispute whatsoever shall arise between the parties concerning, arising out of or relating to
this Agreement (including the documents referenced herein) or your employment with the Company, the parties hereto agree that such disagreement or dispute shall be submitted to binding arbitration before the American Arbitration Association (the
“AAA”), and that a neutral arbitrator will be selected in a manner consistent with its Employment Arbitration Rules and Mediation Procedures (the “Rules”). Such arbitration shall be confidential and
private and conducted in accordance with the Rules. Any such arbitration proceeding shall take place in New York City before a single arbitrator (rather than a panel of arbitrators). The parties agree that the arbitrator shall have no authority to
award any punitive or exemplary damages and waive, to the full extent permitted by law, any right to recover such damages in such arbitration. Each party shall bear its respective costs (including attorney’s fees, and there shall be no award of
attorney’s fees), provided that if you are the prevailing party (as determined by the arbitrator in his or her discretion), you shall be entitled to recover all of your costs (including attorney’s fees) reasonably incurred in
connection with such dispute. Following the arbitrator’s issuance of a final non-appealable award setting forth that you are the prevailing party, the Company shall reimburse you for such costs within
thirty (30) days following its receipt of reasonable written evidence substantiating such costs, provided that in no event will payment be made to you later than the last day of the calendar year next following the calendar year in which
the award is issued. If there is a dispute regarding the reasonableness of the costs you incur, the same arbitrator shall determine, in his or her discretion, the costs that shall be reimbursed to you by the Company. Judgment upon the final award(s)
rendered by such arbitrator, after giving effect to the AAA internal appeals process, may be entered in any court having jurisdiction thereof. The Company, on its own behalf and on behalf of each of its affiliates, including, without limitation, all
of their respective subsidiaries, officers, directors, and, to the fullest extent permitted by applicable law, their respective stockholders, agrees not to bring any suits, claims or other legal proceeding of any nature against you in any venue
other than binding arbitration before the AAA pursuant to the terms of this paragraph. Notwithstanding anything herein to the contrary, you and/or the Company, as applicable, shall be entitled to seek injunctive, provisional and equitable relief in
a court proceeding solely as a result of the Company’s or the Specified Executives’ or your, as applicable, alleged violation of the terms of paragraph 6 of this Agreement, and you and the Company, on its own behalf and on behalf of the
Specified Executives, hereby consent and agree to exclusive personal jurisdiction in any state or federal court located in the City of New York, Borough of Manhattan. 

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 18. Limitation on Payments. 

(a) In the event that the payments and benefits provided for in this Agreement or other payments and benefits payable or provided to you
(i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (“Code Section 280G”) and (ii) but for this
paragraph 18, would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code (“Code Section 4999”), then your payments and benefits under this Agreement or other
payments or benefits (the “280G Amounts”) will be either: 
 (i) delivered in full; or 

(ii) delivered as to such lesser extent that would result in no portion of the 280G Amounts being subject to the excise tax
under Code Section 4999; whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Code Section 4999, results in the receipt by you on an after-tax basis of the greatest amount of 280G Amounts, notwithstanding that all or some portion of the 280G Amounts may be taxable under Code Section 4999. 

(b) In the event that a reduction of 280G Amounts is made in accordance with this paragraph 18, the reduction will occur, with respect to the
280G Amounts considered parachute payments within the meaning of Code Section 280G, in the following order: 
 (i)
reduction of cash payments in reverse chronological order (i.e., the cash payment owed on the latest date following the occurrence of the event triggering the excise tax will be the first cash payment to be reduced); 

(ii) cancellation of equity awards that were granted -contingent on a
change in ownership or control” within the meaning of Code Section 280G, in the reverse order of date of grant of the awards (i.e., the most recently granted equity awards will be cancelled first); 

(iii) reduction of the accelerated vesting of equity awards in the reverse order of date of grant of the awards (i.e.,
the vesting of the most recently granted equity awards will be cancelled first); and 
 (iv) reduction of employee benefits
in reverse chronological order (i.e., the benefit owed on the latest date following the occurrence of the event triggering the excise tax will be the first benefit to be reduced). In no event will you have any discretion with respect to the
ordering of payment reductions. 
 (c) Unless you and the Company otherwise agree in writing, any determination required under this paragraph
18 will be made in writing by a nationally recognized accounting or valuation firm (the “Firm”) selected by the Company, whose determination will be conclusive and binding upon you and the Company for all purposes. For
purposes of making the calculations required by this paragraph 18, the Firm may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the

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application of Code Sections 280G and 4999. The Company and you will furnish to the Firm such information and documents as the Firm may reasonably request in order to make a determination under
this paragraph 18. The Company will bear all costs for payment of the Firm’s services in connection with any calculations contemplated by this paragraph 18. 

19. Indemnification. 
 (a)
If you are made a party, are threatened to be made a party to, or otherwise receive any other legal process in, any action, suit or proceeding, whether civil, criminal, administrative or investigative (a “Proceeding”), by
reason of the fact that you are or were a director, officer or employee of the Company or any of its subsidiaries or affiliates or are or were serving at the request of the Company or any of its subsidiaries or affiliates as a director, officer,
member, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans, whether or not the basis of such Proceeding is your alleged action in an official
capacity while serving as director, officer, member, employee or agent, the Company shall indemnify you and hold you harmless to the fullest extent permitted or authorized by the Company’s certificate of incorporation and bylaws or, if greater,
by the laws of the State of Delaware, against all cost, expense, liability and loss (including without limitation, attorney’s fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement and any cost and
fees incurred in enforcing your rights to indemnification or contribution) actually and reasonably incurred or suffered by you in connection therewith, and such indemnification shall continue even though you have ceased to be a director, member,
employee or agent of the Company or other entity and shall inure to the benefit of your heirs, executors and administrators. The Company shall advance to you all reasonable costs and expenses that you incur in connection with a Proceeding within
thirty (30) days after its receipt of a written request for such advance. Such request shall include an undertaking by you to repay the amount of such advance if it shall ultimately be determined that you are not entitled to be indemnified
against such costs and expenses. 
 (b) Neither the failure of the Company (including its board of directors, independent legal counsel or
stockholders) to have made a determination that indemnification of you is proper because you have met the applicable standard of conduct, nor a determination by the Company (including its board of directors, independent legal counsel or
stockholders) that you have not met such applicable standard of conduct, shall create a presumption or inference that you have not met the applicable standard of conduct. 

(c) To the extent that the Company maintains officers’ and directors’ liability insurance, you will be covered under such policy
subject to the exclusions and limitations set forth therein. To the extent that the Company or any of its affiliates maintains “tail” officers’ and directors’ liability insurance pursuant to the terms of the Merger Agreement, you
will be covered under such policy subject to the exclusions and limitations set forth therein. 
 (d) The provisions of this paragraph 19
shall survive the expiration or termination of your employment and/or this Agreement. 

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 20. Legal Fees. The Company shall reimburse you for reasonable legal fees and expenses
incurred by you in connection with the negotiation and preparation of this Agreement and related documents and matters up to a cap of $75,000. Any such reimbursement shall be made within 60 calendar days following the date on which the Company
receives appropriate documentation with respect to such fees and expenses, but in no event shall payment be made later than December 31 of the calendar year following the calendar year in which you incur the related fees and expenses. The
provisions of this paragraph 20 are effective immediately upon execution of this Agreement by you and the Company. 
 21. Immediate
Effect. Notwithstanding anything herein to the contrary, the value of your LTIP award for the fiscal year 2020 shall be made at your target level as set forth in paragraph 3(c)(i) hereof (without proration); provided, however, that
if the Closing does not occur by the end of fiscal year 2020, the grant value of your 2020 LTIP award will automatically reduce to the target grant value in the Prior Employment Agreement. The provisions of this paragraph 21 are effective
immediately upon execution of this Agreement by you and the Company. Notwithstanding anything herein to the contrary, paragraph 6(a)(ii) and paragraph 22 hereof shall be effective immediately upon execution of this Agreement by you and the Company.

 22. Representations of the Company. Effective as of the execution of this Agreement and as of the Effective Date, CBS hereby
represents and warrants to you that (i) this Agreement has been duly authorized and executed by the Company, (ii) this Agreement is a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its
terms, (iii) each of the CBS Corporation Senior Executive Retention Plan and the CBS Retention Plan Letter has taken effect as of August 13, 2019, shall remain in effect for its respective term (as provided therein) and is a legal, valid
and binding obligation of the Company enforceable against the Company in accordance with its terms and (iv) the Board, upon the recommendation from each of the Chair of the Committee and the members of the Special Committee of the Board, has
unanimously adopted resolutions approving this Agreement. 
 23. Clawback Policy. Any compensation provided to you, whether under this
Agreement or otherwise, with regard to your employment with the Company and/or its subsidiaries, as applicable, (other than the amounts and benefits described in Section 7(h)), shall be subject to the applicable provisions of any clawback
policy implemented by the Company from time to time that is generally applicable to similarly situated executives, including any policy implemented pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or
regulations promulgated thereunder. 
 24. Counterparts. This Agreement may be executed in one or more counterparts, including by
facsimile, and all of the counterparts shall constitute one fully executed agreement. The signature of any party to any counterpart shall be deemed a signature to, and may be appended to, any other counterpart. 

[signature page to follow] 

 If the foregoing correctly sets forth our understanding, please sign, date and return all
four (4) copies of this Agreement to the undersigned for execution on behalf of the Company; after this Agreement has been executed by the Company and a fully-executed copy returned to you, it shall constitute a binding agreement between us.

  

			
	Very truly yours,
	CBS CORPORATION

 
			
		
	By:	 	 /s/ Stephen D. Mirante

	Name:	 	Stephen D. Mirante
	Title:	 	Executive Vice President,
		 	Chief Administrative Officer

  

	
	ACCEPTED AND AGREED:
	
	 /s/ Laura Franco

	Laura Franco
	
	Dated: August 13, 2019                                
                              

 EXHIBIT A 

Form of General Release 

GENERAL RELEASE 
 WHEREAS,
Laura Franco (hereinafter referred to as the “Executive”) and CBS Corporation (hereinafter referred to as “Employer”) are parties to an Employment Agreement, dated as of August 13, 2019 (the
“Employment Agreement”), which provided for Executive’s employment with Employer on the terms and conditions specified therein; and 

WHEREAS, pursuant to paragraph 7(k) of the Employment Agreement, Executive has agreed to execute a General Release of the type and nature set
forth herein as a condition to her entitlement to certain payments and benefits upon her termination of employment with Employer; and 

NOW, THEREFORE, in consideration of the premises and mutual promises herein contained and for other good and valuable consideration received
or to be received by Executive in accordance with the terms of the Employment Agreement, it is agreed as follows: 
 1. Excluding enforcement
of the covenants, promises and/or rights reserved herein (including but not limited to those contained in paragraph 4), (a) Executive hereby irrevocably and unconditionally waives, releases, settles (gives up), acquits and forever discharges
Employer and each of Employer’s owners, stockholders, predecessors, successors, assigns, directors, officers, employees, divisions, subsidiaries, affiliates (and directors, officers and employees of such companies, divisions, subsidiaries and
affiliates) and all persons acting by, through, under or in concert with any of them (collectively, the “Releasees”), or any of them, from any and all charges, complaints, claims, liabilities, obligations, promises,
agreements, controversies, damages, actions, causes of action, suits, rights, demands, costs, losses, debts and expenses (including attorneys’ fees and costs actually incurred) of any nature whatsoever, known or unknown, suspected or
unsuspected, including, but not limited to, any claims for salary, salary increases, alleged promotions, expanded job responsibilities, constructive discharge, misrepresentation, bonuses, equity awards of any kind, severance payments, unvested
retirement benefits, vacation entitlements, benefits, moving expenses, business expenses, attorneys’ fees, any claims which she may have under any contract or policy (whether such contract or policy is written or oral, express or implied),
rights arising out of alleged violations of any covenant of good faith and fair dealing (express or implied), any tort, any legal restrictions on Employer’s right to terminate employees, and any claims which she may have based upon any Federal,
state or other governmental statute, regulation or ordinance, including, without limitation, Title VII of the Civil Rights Act of 1964, as amended, the Federal Age Discrimination In Employment Act of 1967, as amended
(“ADEA”), the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), the American with Disabilities Act, as amended (“ADA”), the Civil Rights Act of 1991, as
amended, the 
  

  
 Exhibit A - 1 

 
Rehabilitation Act of 1973, as amended, the Older Workers Benefit Protection Act, as amended (“OWBPA”), the Worker Adjustment Retraining and Notification Act, as amended
(“WARN”), the Fair Labor Standards Act, as amended (“FLSA”), the Occupational Safety and Health Act of 1970 (“OSHA”), the Family and Medical Leave Act of 1993, as amended
(“FMLA”), the New York State Human Rights Law, as amended, the New York Labor Act, as amended, the New York Equal Pay Law, as amended, the New York Civil Rights Law, as amended, the New York Rights of Persons With
Disabilities Law, as amended, and the New York Equal Rights Law, as amended, the Sarbanes-Oxley Act of 2002, as amended (“SOX”), and Section 409A of the Internal Revenue Code of 1986, as amended
(“Section 409A”), that Executive now has, or has ever had, or ever shall have, against each or any of the Releasees, by reason of any and all acts, omissions, events, circumstances or facts
existing or occurring up through the date of Executive’s execution hereof that directly or indirectly arise out of, relate to, or are connected with, Executive’s services to, or employment by Employer (any of the foregoing being a
“Claim” or, collectively, the “Claims”); provided, that the foregoing shall not preclude Executive from exercising any legally protected whistleblower rights (including under Rule 21F under the
Exchange Act) or rights concerning the defense of trade secrets; and (b) Executive will not now, or in the future, accept any recovery (including monetary damages or any form of personal relief) in any forum, nor will she pursue or institute
any Claim against any of the Releasees. 
 2. Employer hereby irrevocably and unconditionally waives, releases, settles (gives up), acquits
and forever discharges the Executive and each of her respective heirs, executors, administrators, representatives, agents, successors and assigns (“Executive Parties”), or any of them, from any and all charges, complaints,
claims, liabilities, obligations, promises, agreements, controversies, damages, actions, causes of action, suits, rights, demands, costs, losses, debts and expenses (including attorneys’ fees and costs actually incurred) of any nature
whatsoever, known or unknown, suspected or unsuspected, that Employer and each of its affiliates now has, or has ever had, or ever shall have, against Executive Parties, by reason of any and all acts, omissions, events, circumstances or facts
existing or occurring through the date of Employer execution of this release that directly or indirectly arise out of, relate to, or are connected with, the Executive’s services to, or employment by Employer or any of its affiliates;
provided, however, that this General Release shall not apply to any of the continuing obligations of Executive under the Employment Agreement, or under any agreements, plans, contracts, documents or programs described or referenced in
the Employment Agreement; and provided, further, that this General Release shall not apply to any rights Employer may have to obtain contribution or indemnity against Executive pursuant to contract or otherwise. 

3. In addition, if applicable Executive expressly waives and relinquishes all rights and benefits afforded by California Civil Code
Section 1542 and does so understanding and acknowledging the significance of such specific waiver of Section 1542. Section 1542 states as follows: 

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH 

  
 Exhibit A - 2 

 
THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE
DEBTOR.” 
 Thus, notwithstanding the provisions of Section 1542, and for the purpose of implementing a full and complete release and discharge of
the Releasees, Executive expressly acknowledges that this Agreement is intended to include in its effect, without limitation, all Claims that Executive does not know or suspect to exist in Executive’s favor at the time of execution hereof, and
that this Agreement contemplates the extinguishment of any such Claim or Claims. 
 4. Notwithstanding the foregoing, neither the Employer
nor the Executive has waived and/or relinquished any rights she may have to file any Claim that cannot be waived and/or relinquished pursuant to applicable laws, including, in the case of Executive, the right to file a charge or participate in any
investigation with the Equal Employment Opportunity Commission or any other governmental or administrative agency that is responsible for enforcing a law on behalf of the government. Executive also acknowledges and understands that because Executive
is waiving and releasing all claims for monetary damages and any other form of personal relief per paragraph 1, Executive may only seek and receive non-personal forms of relief through any such claim.
Moreover, this General Release shall not apply to (a) any of the continuing obligations of Employer or any other Releasee under the Employment Agreement, or under any agreements, plans, contracts, documents or programs described or referenced
in the Employment Agreement or any other written agreement entered into between Executive and Employer, (b) any rights Executive may have to obtain contribution or indemnity against Employer or any other Releasee pursuant to contract,
Employer’s certificate of incorporation and by-laws, Agreement and Plan of Merger dated as of August 13, 2019, by and between CBS Corporation and Viacom Inc., or otherwise, (c) any rights
Executive may have to enforce the terms of this General Release or the Employment Agreement, (d) any claims for accrued, vested benefits under any employee benefit or pension plan of Employer or its affiliates subject to the terms and
conditions of such plan or pursuant to applicable law, (e) any rights of Executive in connection with her interest as a stockholder or optionholder of Employer whether under agreements between Executive and Employer or any of its affiliates or
otherwise, and (f) any rights of Executive under that certain CBS Corporation Senior Executive Retention Plan. 
 5. Executive
understands that she has been given a period of twenty-one (21) days to review and consider this General Release before signing it pursuant to the ADEA. Executive further understands that she may use as
much of this 21–day period as Executive wishes prior to signing. 
 6. Executive acknowledges and represents that she understands that
she may revoke the General Release set forth in paragraph 1, including, the waiver of her rights under the Age Discrimination in Employment Act of 1967, as amended, effectuated in this General Release, within seven (7) days of signing this
General Release. Revocation 

  
 Exhibit A - 3 

 
can be made by delivering a written notice of revocation to the General Counsel, CBS Corporation, 51 West 52nd Street, New York, New York
10019. For this revocation to be effective, written notice must be received by the General Counsel no later than the close of business on the seventh day after Executive signs this General Release. If Executive revokes the General Release set forth
in paragraphs 1 and 3, Employer shall have no obligations to Executive under paragraph 7(h) of the Employment Agreement, except to the extent specifically provided for therein. 

7. Executive and Employer respectively represent and acknowledge that in executing this General Release neither of them is relying upon, and
has not relied upon, any representation or statement not set forth herein made by any of the agents, representatives or attorneys of the Releasees with regard to the subject matter, basis or effect of this General Release or otherwise. 

8. This General Release shall not in any way be construed as an admission by any of the Releasees that any Releasee has acted wrongfully or
that Executive has any rights whatsoever against any of the Releasees except as specifically set forth herein, and each of the Releasees specifically disclaims any liability to any party for any wrongful acts. 

9. It is the desire and intent of the parties hereto that the provisions of this General Release be enforced to the fullest extent permissible
under law. Should there be any conflict between any provision hereof and any present or future law, such law shall prevail, but the provisions affected thereby shall be curtailed and limited only to the extent necessary to bring them within the
requirements of law, and the remaining provisions of this General Release shall remain in full force and effect and be fully valid and enforceable. 

10. Executive represents and agrees (a) that Executive has, to the extent she desires, discussed all aspects of this General Release with
her attorney, (b) that Executive has carefully read and fully understands all of the provisions of this General Release, and (c) that Executive is voluntarily executing this General Release. 

11. This General Release shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to
the conflicts of laws principles thereof or to those of any other jurisdiction which, in either case, could cause the application of the laws of any jurisdiction other than the State of New York. This General Release is binding on the successors and
assigns of the parties hereto; fully supersedes any and all prior agreements or understandings between the parties hereto pertaining to the subject matter hereof; and may not be changed except by explicit written agreement to that effect subscribed
by the parties hereto. 
 PLEASE READ CAREFULLY. THIS GENERAL RELEASE INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. 

 

  
 Exhibit A - 4 

 This General Release is executed by the Executive and Employer as of the _______ day of
__________ , 20___. 
  

			
	  

	Laura Franco

 
			
	
	CBS CORPORATION

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

  

  
 Exhibit A - 5EX-10.9

 Exhibit 10.9 

As of August 13, 2019 
 Christa
D’Alimonte 
 c/o last address on file 
 with the Company

 Dear Ms. D’Alimonte: 
 CBS
Corporation (“CBS”) and Viacom, Inc. (“Viacom”, together with CBS and their subsidiaries, the “Company”) agree to employ you, and you accept such employment, on the terms and conditions set forth in
this letter agreement (“Agreement”). 
 1. Contract Period. The term of your employment under this Agreement shall
begin on the Closing Date (as defined in that Agreement and Plan of Merger (the “Merger Agreement”) by and between CBS and Viacom) (the “Effective Date”) and, unless terminated earlier as set forth herein, shall continue
through and including the third (3rd) anniversary of the Effective Date. The period from the Effective Date through the third (3rd)
anniversary of the Effective Date is referred to as the “Contract Period”, even if your employment terminates earlier for any reason. Notwithstanding anything herein to the contrary, this Agreement shall be null and void ab
initio if the Merger Agreement is terminated prior to the Closing Date or if you terminate employment with Viacom and its subsidiaries prior to the Closing Date. This Agreement shall be automatically assumed by ViacomCBS Inc. upon the Closing
Date. 
 2. Duties. You shall devote your entire business time, attention and energies to the business of the Company during your
employment with the Company. You shall be Executive Vice President, General Counsel and Secretary of the Company, and you shall perform all duties reasonable and consistent with such office as may be assigned to you from time to time by the
Company’s Chief Executive Officer. 
 3. Compensation. 

(a) Salary. The Company shall pay you base salary (as may be increased, “Salary”) at a rate of One Million Two Hundred
and Fifty Thousand Dollars ($1,250,000) per year for all of your services as an employee of the Company. Your Salary shall be subject to merit reviews, on or about an annual basis, while actively employed during the Contract Period and may, at that
time, be increased but not decreased. Your Salary, less deductions and income and payroll tax withholding as may be required under applicable law, shall be payable in accordance with the Company’s ordinary payroll policy, but no less frequently
than monthly. 
 (b) Bonus. You also shall be eligible to earn a bonus (“Bonus”) or a
Pro-Rated Bonus (as defined in paragraph 19(e)(ii)), as applicable, determined as set forth below and in paragraph 19(e)(ii). 

(i) Your Bonus for each Company fiscal year, regardless of whether such fiscal year is a twelve (12)-month period or a shorter period of time,
shall be determined in accordance with the Company’s annual bonus plan in effect from time to time (the “STIP”), as determined by the Board of Directors of the Company (the “Board”) or a committee of the Board.

 (ii) Your target Bonus for each Company fiscal year during the Contract Period shall be one hundred twenty-five percent (125%) of your
Salary (your “Target Bonus”) and shall be adjusted based on the Company’s performance (the “Company Performance Factor”) and your individual performance (the “Individual Performance
Factor”), in each case as determined by the Company and as further provided in the STIP. 
 (c) Long-Term Incentive
Compensation. During your employment under this Agreement, you shall be eligible to receive annual grants of long-term compensation under the Company’s equity incentive plan, as in effect from time to time, at a level appropriate to your
position and individual performance as determined by the 

 Christa D’Alimonte 

August 13, 2019 
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Board or a committee of the Board, in its discretion, with an expected target value of Two Million One Hundred Eighty Seven Thousand and Five Hundred Dollars ($2,187,500), comprised of one or
more types of equity awards determined by the Board or a committee of the Board. 
 (d) Compensation During Short-Term Disability.
Your compensation for any period that you are absent due to a short-term disability (“STD”) and are receiving compensation under a short-term disability plan sponsored or maintained by the Company shall be determined in accordance
with the terms of such STD plan. The compensation provided to you under the applicable STD plan shall be in lieu of the Salary provided under this Agreement. Your participation in any other Company benefit plans or programs during the STD period
shall be governed by the terms of the applicable plan or program documents, award agreements and certificates. 
 4. Benefits. During
your employment under this Agreement, you shall be eligible to participate in any vacation programs, medical and dental plans and life insurance plans, STD and long-term disability (“LTD”) plans, retirement and other employee
benefit plans the Company may have, establish or maintain from time to time and for which you qualify pursuant to the terms of the applicable plan. 

5. Business Expenses. During your employment under this Agreement, the Company shall reimburse you for such reasonable travel and other
expenses, incurred in the performance of your duties in accordance with the Company’s policies, as are customarily reimbursed to Company executives at comparable levels. 

6. Non-Competition and Non-Solicitation. 

(a) Non-Competition. 

(i) Your employment with the Company is on an exclusive and full-time basis, and while you are employed by the Company, you shall not engage
in any other business activity which is in conflict with your duties and obligations (including your commitment of time) to the Company. During the Non-Competition Period, you shall not directly or indirectly
engage in or participate as an owner, partner, holder or beneficiary of stock, stock options or other equity interest, officer, employee, director, manager, partner or agent of, or consultant for, any business competitive with any business of the
Company without the prior written consent of the Company. This provision shall not limit your right to own and have options or other rights to purchase not more than one percent (1%) of any of the debt or equity securities of any business
organization that is then filing reports with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, unless such ownership constitutes a significant portion of your net worth.

 (ii) The “Non-Competition Period” begins on the Effective Date and ends on the
last day of the Contract Period, provided that: 
 A. If the Company terminates your employment without Cause or if you validly resign for
Good Reason before the end of the Contract Period, then the Non-Competition Period shall end on the earlier of (x) the end of the period in which you are receiving payments pursuant to paragraph 11(c)(i)
or (y) the effective date of your waiver in writing of any right to receive or continue to receive compensation and benefits under paragraph 11. You shall be deemed to have irrevocably provided such waiver if you accept competing employment.

 B. If the Company terminates your employment for Cause or you resign other than for Good Reason, the
Non-Competition Period shall end on the earlier of (x) the last 

 Christa D’Alimonte 

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day of the Contract Period or (y) eighteen (18) months after such termination or resignation. 

(b) Non-Solicitation.  

(i) During the Non-Solicitation Period, you shall not directly or indirectly engage or attempt to
engage in any of the following acts: 
 A. Employ or solicit the employment of any person who is then, or has been within six
(6) months prior thereto, an employee of the Company; or 
 B. Interfere with, disturb or interrupt the relationships (whether or not
such relationships have been reduced to formal contracts) of the Company with any customer, supplier, independent contractor, consultant, joint venture or other business partner (to the extent each of the limitations in this paragraph 6(b)(i)(2) is
permitted by applicable law). 
 (ii) The “Non-Solicitation Period” begins on the
Effective Date and ends on the last day of the Contract Period, or, if longer, eighteen (18) months after the Company terminates your employment for Cause or you resign other than for Good Reason 

(c) Severability. If any court determines that any portion of this paragraph 6 is invalid or unenforceable, the remainder of this
paragraph 6 shall not thereby be affected and shall be given full effect without regard to the invalid provisions. If any court construes any of the provisions of this paragraph 6, or any part thereof, to be unreasonable because of the duration or
scope of such provision, such court shall have the power to reduce the duration or scope of such provision and to enforce such provision as so reduced. 

7. Confidentiality and Other Obligations. 

(a) Confidential Information. You shall not use for any purpose or disclose to any third party any information relating to the Company,
the Company’s clients or other parties with which the Company has a relationship, or that may provide the Company with a competitive advantage (“Confidential Information”), other than (i) in the performance of your duties
under this Agreement consistent with the Company’s policies or (ii) as may otherwise be required by law or legal process; provided, however, that nothing in the foregoing prohibits you from reporting what you in good faith believe to be
violations of federal law to any governmental agency you in good faith believe to have responsibility for enforcement of such law or from making any other disclosure that is protected under the whistleblower protections of federal law. Additionally,
you hereby are notified that the immunity provisions in Section 1833 of title 18 of the United States Code provide that an individual cannot be held criminally or civilly liable under any federal or state trade secret law for any disclosure of
a trade secret that is made (x) in confidence to federal, state or local government officials, either directly or indirectly, or to an attorney, and is solely for the purpose of reporting or investigating a suspected violation of the law,
(y) under seal in a complaint or other document filed in a lawsuit or other proceeding or (z) to your attorney in connection with a lawsuit for retaliation for reporting a suspected violation of law (and the trade secret may be used in the
court proceedings for such lawsuit) as long as any document containing the trade secret is filed under seal and the trade secret is not disclosed except pursuant to court order. Confidential Information shall include, without limitation, trade
secrets; inventions (whether or not patentable); technology and business processes; business, product or marketing plans; negotiating strategies; sales and other forecasts; financial information; client lists or other intellectual property;
information relating to compensation and benefits; public information that becomes proprietary as a result of the Company’s compilation of that information for use in its business; documents (including any electronic record, videotapes or
audiotapes) and oral communications incorporating Confidential Information. You shall also comply with any and all confidentiality obligations of the Company to a third party of which you are aware, whether arising under a written agreement or
otherwise. Information shall not be deemed Confidential Information if it is or 

 Christa D’Alimonte 

August 13, 2019 
  Page
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becomes generally available to the public other than as a result of an unauthorized disclosure or action by you or at your direction. 

(b) Interviews, Speeches or Writings About the Company. Except in the performance of your duties under this Agreement consistent with
the Company’s policies, you shall obtain the express authorization of the Company before (i) giving any speeches or interviews or (ii) preparing or assisting any person or entity in the preparation of any books, articles, radio
broadcasts, electronic communications, television or motion picture productions or other creations, in either case concerning the Company or any of its respective businesses, officers, directors, agents, employees, suppliers or customers. 

(c) Non-Disparagement. You shall not, directly or indirectly, in any communications with any
reporter, author, producer or any similar person or entity, the press or other media, or any customer, client or supplier of the Company, criticize, ridicule or make any statement which is negative, disparages or is derogatory of the Company or any
of its directors or senior officers. 
 (d) Scope and Duration. The provisions of paragraph 7(a) shall be in effect during the
Contract Period and at all times thereafter. The provisions of paragraphs 7(b) and 7(c) shall be in effect during the Contract Period and for one (1) year thereafter and such provisions shall apply to all formats and platforms now known or
hereafter developed, whether written, printed, oral or electronic, including without limitation e-mails, “blogs”, internet sites, chat or news rooms, podcasts or any online forum. 

8. Company Property. 
 (a)
Company Ownership. 
 (i) The results and proceeds of your services to the Company, whether or not created during the Contract
Period, including, without limitation, any works of authorship resulting from your services and any works in progress resulting from such services, shall be
works-made-for-hire and the Company shall be deemed the sole owner throughout the universe of any and all rights of every nature in such works, with the right to use,
license or dispose of the works in perpetuity in any manner the Company determines in its sole discretion without any further payment to you, whether such rights and means of use are now known or hereafter defined or discovered. 

(ii) If, for any reason, any of the results and proceeds of your services to the Company are not legally deemed a work-made-for-hire and/or there are any rights in such results and proceeds which do not accrue to the Company under this paragraph 8(a), then you hereby irrevocably assign
any and all of your right, title and interest thereto, including, without limitation, any and all copyrights, patents, trade secrets, trademarks and/or other rights of every nature in the work, and the Company shall have the sole right to use,
license or dispose of the work in perpetuity throughout the universe in any manner the Company determines in its sole discretion without any further payment to you, whether such rights and means of use are now known or hereafter defined or
discovered. 
 (iii) Upon request by the Company, whether or not during the Contract Period, you shall do any and all things which the
Company may deem useful or desirable to establish or document the Company’s rights in the results and proceeds of your services to the Company, including, without limitation, the execution of appropriate copyright, trademark and/or
patent applications, assignments or similar documents. You hereby irrevocably designate the General Counsel, Secretary or any Assistant Secretary of the Company as your
attorney-in-fact with the power to take such action and execute such documents on your behalf. To the extent you have any rights in such results and proceeds that cannot

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be assigned as described above, you unconditionally and irrevocably waive the enforcement of such rights. 

(iv) The provisions of this paragraph 8(a) do not limit, restrict, or constitute a waiver by the Company of any ownership rights to which the
Company may be entitled by operation of law by virtue of being your employer. 
 (v) You and the Company acknowledge and understand that the
provisions of this paragraph 8 requiring assignment of inventions to the Company do not apply to any invention which qualifies fully under the provisions of California Labor Code Section 2870, to the extent that such provision applies to you.
You agree to advise the Company promptly in writing of any inventions that you believe meet the criteria in California Labor Code Section 2870. 

(b) Return of Property. All documents, data, recordings, or other property, whether tangible or intangible, including all information
stored in electronic form, obtained or prepared by or for you and utilized by you in the course of your employment with the Company shall remain the exclusive property of the Company and shall remain in the Company’s exclusive possession at the
conclusion of your employment.  
 9. Legal Matters. 

(a) Communication. Except as required by law or legal process or at the request of the Company, you shall not communicate with anyone
(other than your attorneys who agree to keep such matters confidential), except to the extent necessary in the performance of your duties under this Agreement in accordance with the Company’s policies, with respect to the facts or subject
matter of any claim, litigation, regulatory or administrative proceeding directly or indirectly involving the Company (“Company Legal Matter”) without obtaining the prior consent of the Company or its counsel; provided, however,
that nothing in the foregoing prohibits you from reporting what you in good faith believe to be violations of federal law to any governmental agency you in good faith believe to have responsibility for enforcement of such law or from making any
other disclosure that is protected under the whistleblower protections of federal law.
 (b) Cooperation. You agree to cooperate with
the Company and its attorneys in connection with any Company Legal Matter or Company investigation. Your cooperation shall include, without limitation, providing assistance to and meeting with the Company’s counsel, experts or consultants, and
providing truthful testimony in pretrial and trial or hearing proceedings. In the event that your cooperation is requested after the termination of your employment, the Company shall (i) seek to minimize interruptions to your schedule to
the extent consistent with its interests in the matter and (ii) reimburse you for all reasonable and appropriate out-of-pocket expenses actually incurred by you in
connection with such cooperation upon reasonable substantiation of such expenses. 
 (c) Testimony. Except as required by law or
legal process or at the request of the Company, you shall not testify in any lawsuit or other proceeding which directly or indirectly involves the Company, or which is reasonably likely to create the impression that such testimony is endorsed or
approved by the Company. 
 (d) Notice to the Company. If you are requested or if you receive legal process requiring you to provide
testimony, information or documents (including electronic documents) in any Company Legal Matter or that otherwise relates, directly or indirectly, to the Company or any of its officers, directors, employees or affiliates, you shall give prompt
notice of such event to the Company’s General Counsel and you shall follow any lawful direction of the Company’s General Counsel or his/her designee with respect to your response to such request or legal process. 

(e) Adverse Party. The provisions of this paragraph 9 shall not apply to any litigation or other

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proceeding in which you are a party adverse to the Company; provided, however, that the Company expressly reserves its rights under paragraph 7 and its attorney-client and other privileges and
immunities, including, without limitation, with respect to its documents and Confidential Information, except if expressly waived in writing by the Company’s General Counsel or his/her designee. 

(f) Duration. The provisions of this paragraph 9 shall apply during the Contract Period and at all times thereafter, and shall survive
the termination of your employment with the Company, with respect to any Company Legal Matter arising out of or relating to the business in which you were engaged during your employment with the Company. As to all other Company Legal Matters, the
provisions of this paragraph 9 shall apply during the Contract Period and for one year thereafter or, if longer, during the pendency of any Company Legal Matter which was commenced, or which the Company received notice of, during such period. 

10. Termination for Cause. 

(a) Termination Payments. The Company may terminate your employment under this Agreement for Cause and thereafter shall have no further
obligations to you under this Agreement or otherwise, except for any earned but unpaid Salary through and including the date of termination of employment and any other amounts or benefits required to be paid or provided by law or under any plan of
the Company (the “Accrued Compensation and Benefits”). Without limiting the generality of the preceding sentence, upon termination of your employment for Cause, you shall have no further right to any Bonus or to exercise or redeem
any stock options or other equity compensation. 
 (b) Cause Definition. “Cause” shall mean: (i) conduct
constituting embezzlement, material misappropriation or fraud, whether or not related to your employment with the Company; (ii) conduct constituting a felony, whether or not related to your employment with the Company; (iii) conduct
constituting a financial crime, material act of dishonesty or material unethical business conduct, involving the Company; (iv) willful unauthorized disclosure or use of Confidential Information; (v) the failure to substantially obey a
material lawful directive that is appropriate to your position from a superior in your reporting line or the Board; (vi) your material breach of any material obligation under this Agreement; (vii) the failure or refusal to substantially
perform your material obligations under this Agreement (other than any such failure or refusal resulting from your STD or LTD); (viii) the willful failure to cooperate with a bona fide internal investigation or an investigation by regulatory or law
enforcement authorities, whether or not related to employment with the Company, after being instructed by the Company to cooperate; (ix) the willful destruction of or willful failure to preserve documents or other material known to be relevant
to any investigation referred to in subparagraph (viii) above; or (x) the willful inducement of others to engage in the conduct described in subparagraphs (i) - (ix), including, without limitation, with regard to subparagraph (vi),
obligations of others to the Company. 
 (c) Notice/Cure. The Company shall give you written notice prior to terminating your
employment for Cause or, if no cure period is applicable, contemporaneous with termination of your employment for Cause, setting forth in reasonable detail the nature of any alleged failure, breach or refusal in reasonable detail and the conduct
required to cure such breach, failure or refusal. Except for a failure, breach or refusal which, by its nature, cannot reasonably be expected to be cured, you shall have ten (10) business days from the giving of such notice within which to
cure; provided, however, that, if the Company reasonably expects irreparable injury from a delay of ten (10) business days, the Company may give you notice of such shorter period within which to cure as is reasonable under the circumstances,
which may include the termination of your employment without notice and with immediate effect. 
 11. Resignation for Good Reason and
Termination Without Cause. 
 (a) Resignation for Good Reason. 

(i) You may resign for Good Reason at any time that you are actively employed during the 

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Contract Period by written notice to the Company no more than thirty (30) days after the occurrence of the event constituting Good Reason. Such notice shall state the grounds for such Good
Reason resignation and an effective date no earlier than thirty (30) business days after the date it is given. The Company shall have thirty (30) business days from the giving of such notice within which to cure and, in the event of such
cure, your notice shall be of no further force or effect. 
 (ii) “Good Reason” shall mean without your consent (other than in
connection with the termination or suspension of your employment or duties for Cause or in connection with your death or LTD): (i) the assignment to you of duties or responsibilities substantially inconsistent with your position(s) or duties;
(ii) a material reduction of your Salary, Target Bonus or target long-term incentive compensation amount, including a reduction from the levels to which they may be increased during the Contract Term; (iii) the withdrawal of material
portions of your duties; or (iv) the material breach by the Company of any material obligation under this Agreement.
 (b)
Termination Without Cause. The Company may terminate your employment under this Agreement without Cause at any time during the Contract Period by written notice to you. 

(c) Termination Payments/Benefits. In the event that your employment terminates under paragraph 11(a) or (b), you shall thereafter
receive the compensation and benefits described below and the following shall apply: 
 (i) The Company shall continue to pay your Salary
(at the rate in effect on the date of termination) at the same time and in the same manner as if you had not terminated employment for the longer of twelve (12) months or until the end of the Contract Period; 

(ii) You shall be eligible to receive a Bonus or Pro-Rated Bonus, as applicable, for each Company
fiscal year or portion thereof during the Contract Period, calculated as provided in paragraph 19(e)(iii), provided that the total severance payment you receive pursuant to paragraphs 11(c)(i) and (ii) shall in no event exceed two
(2) times the sum of your Salary and Target Bonus in the fiscal year in which such termination occurs; 
 (iii) Provided you validly
elect continuation of your medical and dental coverage under Section 4980B(f) of the Internal Revenue Code of 1986 (the “Code”) (relating to coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985
(“COBRA”)), your coverage and participation under the Company’s medical and dental benefit plans and programs in which you were participating immediately prior to your termination of employment pursuant to this paragraph 11,
shall continue at no cost to you (except as set forth below) until the earlier of (A) the end of the Contract Period, but in no event less than twelve (12) months after the termination of your employment, and (B) the date on which you
become eligible for medical and/or dental coverage from another employer; provided, that, during the period that the Company provides you with this coverage, an amount equal to the total applicable COBRA cost (or such other amounts as may be
required by law) will be included in your income for tax purposes and the Company may withhold taxes from your termination payments for this purpose; and provided, further, that you may elect to continue your medical and dental coverage under COBRA
at your own expense for the balance, if any, of the period required by law; 
 (iv) The Company shall continue to provide you with life
insurance coverage, at no premium cost to you (unless you had no coverage at the time of termination), until the end of the Contract Period or, if longer, the end of the period in which you are receiving

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payments pursuant to paragraph 11(c)(i), in accordance with the Company’s then-current policy, as may be amended from time to time, and in the amount then furnished at no cost to other
Company executives at comparable levels. Such coverage shall end in the event you are eligible to obtain life insurance coverage from another employer; 

(v) With respect to any stock options granted to you under any of the Company’s equity plans as in effect from time to time: (x) all
stock options that have not vested as of the termination of your employment (your “Separation Date”), but that would have vested on or before the end of (A) the Contract Period and (B) the eighteen (18)-month period
beginning on your Separation Date, whichever is later, shall become fully vested on the later of your Separation Date or upon receipt of a Release executed by you, and such stock options shall remain exercisable for six (6) months after your
Separation Date (or if longer, such period provided under the terms of the applicable long-term incentive plan), but in no event later than the expiration date of such options; and (y) all outstanding stock options that have vested on or prior
to your Separation Date shall remain exercisable for six (6) months after such date (or if longer, such period provided under the terms of the applicable long-term incentive plan), but in no event later than the expiration date of such options;

 (vi) All restricted share units and restricted shares granted to you under any of the Company’s equity incentive plans as in effect
from time to time that have not vested as of your Separation Date, but that would have vested on or before the end of (A) the Contract Period and (B) the eighteen (18)-month period beginning on your Separation Date, whichever is later,
shall become fully vested on the later of your Separation Date or upon receipt of a Release executed by you; 
 (vii) All performance share
units granted to you under any of the Company’s equity incentive plans as in effect from time to time that have not vested as of your Separation Date, but that would have vested on or before the end of (A) the Contract Period and
(B) the eighteen (18)-month period beginning on your Separation Date, whichever is later, shall become fully vested on the later of your Separation Date or upon receipt of a Release executed by you, with all performance goals relating to any
performance period not completed as of the date of your termination of employment deemed achieved at target levels, and subject to any timing or holding requirements in the applicable long-term incentive plan or award agreement; 

(viii) There shall be no acceleration of the vesting of any equity or long-term incentive awards granted to you under any of the
Company’s long-term incentive plan, unless otherwise provided herein or under the terms of the applicable long-term incentive plan or award agreement; and 

(ix) The Company shall pay or continue to provide, as applicable, the Accrued Compensation and Benefits. 

(d) Release. Your entitlement to the payments and benefits described in this paragraph 11 is conditioned on your execution and delivery
to the Company, within sixty (60) days after your termination of employment (the “Release Deadline”), of a release in substantially the form appended hereto as Appendix A that remains in effect and becomes irrevocable after the
expiration of any statutory period in which you are permitted to revoke a release (the “Release”). If you fail to execute and deliver the Release by the Release Deadline, or if you thereafter effectively revoke the Release, the
Company shall be under no obligation to make any further payments or provide any further benefits to you and any payments and benefits previously provided to you pursuant to this paragraph 11 shall not have been earned. In such event, you shall
promptly repay the Company any payments made 

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and the Company’s direct cost for any benefits provided to you pursuant to this paragraph 11. The limitations of this paragraph shall not apply to the Accrued Compensation and Benefits. 

(e) Offset. The amount of payments provided in paragraph 11 in respect of the period that begins twelve (12) months after the
termination of your employment shall be reduced by any compensation for services earned by you (including as an independent consultant or independent contractor) from any source (including any compensation earned from the Company or its affiliates)
in respect of the period that begins twelve (12) months after the termination of your employment and ends when the Company is no longer required to make payments pursuant to paragraph 11 (the “Offset Period”), including,
without limitation, salary, sign-on or annual bonus (regardless of when paid), consulting fees, commission payments and any amounts the payment of which is deferred at your election, or with your consent,
until after the expiration of the Offset Period; provided that, if the Company in its reasonable discretion determines that any grant of long-term compensation is made in substitution of the aforementioned payments, such payments shall be further
reduced by the value on the date of grant, as reasonably determined by the Company, of such long-term compensation you receive. You agree to promptly notify the Company of any arrangements during the Offset Period in which you earn compensation for
services and to cooperate fully with the Company in determining the amount of any such reduction. 
 12. Resignation Other than for Good
Reason. If you resign prior to the expiration of the Contract Period other than for Good Reason, the Company shall have no further obligations to you under this Agreement or otherwise, except to make termination payments provided in paragraph
10(a). 
 13. Termination Due to Death. 

(a) Death While Employed. In the event of your death prior to the end of the Contract Period while actively employed with the Company,
this Agreement shall automatically terminate. Thereafter, your designated beneficiary (or, if there is no such beneficiary, your estate) shall receive (i) any Accrued Compensation and Benefits as of the date of your death and (ii) for the
year in which death occurs, any Bonus or Pro-Rated Bonus, as applicable, which you would have been eligible to receive, calculated in accordance with paragraph 19(e)(iii). In no event shall a distribution be
made pursuant to clause (i) in the preceding sentence later than the sixtieth (60th) day following your death and a distribution pursuant to clause (ii) in the preceding sentence shall
be made at the same time and in the same manner as if you were still actively employed with the Company. 
 (b) Death After the End of
Employment. In the event of your death while you are entitled to receive compensation or benefits under paragraph 11 or 15, in lieu of such payments your designated beneficiary (or, if there is no such beneficiary, your estate) shall receive, to
the extent not previously paid to you, (i) continuation of Salary pursuant to the applicable paragraph through the date of death; (ii) if you were entitled to receive compensation or benefits under paragraph 11, for the year in which death
occurs, any Bonus or Pro-Rated Bonus, as applicable, for the year in which death occurs, payable under such paragraph, calculated in accordance with paragraph 19(e)(iii); and (iii) any Accrued
Compensation and Benefits. In no event shall a distribution be made pursuant to clauses (i) and (iii) in the preceding sentence later than the 60th day following your death and a distribution
pursuant to clause (ii) in the preceding sentence shall be made at the same time and in the same manner as if you were still actively employed with the Company. 

14. Long-Term Disability. In the event you are absent due to a LTD and you are receiving compensation under a Company LTD plan, then,
effective on the date you begin receiving compensation under such plan, (a) this Agreement shall terminate without any further action required by the Company, (b) you shall be considered an
“at-will” employee of the Company, and (c) you shall have no guarantee of specific future employment nor continuing employment generally when your receipt of compensation under a Company LTD
plan ends, except as required by applicable law . In the event of such termination of this Agreement, you shall receive (i) any Accrued Compensation and Benefits and (ii) for the year in which such termination occurs, any Bonus or Pro-Rated Bonus, as applicable, which you would have been entitled to receive, calculated in accordance with paragraph 19(e)(iii). 

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Except as set forth in the previous sentence, the compensation provided to you under the applicable LTD plan shall be in lieu of any compensation from the Company (including, but not limited to,
the Salary provided under this Agreement or otherwise). Your participation in any other Company benefit plans or programs shall be governed by the terms of the applicable plan or program documents, award agreements and certificates. 

15. Non-Renewal. If the Company does not extend or renew this Agreement at the end of the
Contract Period and you have not entered into a new contractual relationship with the Company, your continuing employment, if any, with the Company shall be “at-will” and may be terminated at any
time by either party. If the Company terminates your employment during the twelve (12) month period commencing with the last day of the Contract Period while you are an employee at-will, the Company shall
continue to pay your Salary (at the rate in effect on the date of termination) at the same time and in the same manner as if you had not terminated employment for the balance, if any, of such twelve (12) month period; provided, however, that
(a) you shall not be entitled to such Salary continuation if the Company terminates your employment for reasons constituting Cause and (b) any such Salary continuation shall be subject to offset as set forth in Section 11(d) above,
without giving effect to the twelve (12) month period referenced therein. 
 16. Severance Plan Adjustment. In the event that
your employment with the Company terminates pursuant to paragraph 11 or 15, and, at the time of your termination of employment there is in effect a Company severance plan (a “Severance Plan”) for which you are eligible to
participate or would have been eligible to participate but for your having entered into this Agreement or being a Specified Employee and which provides for severance compensation that is greater than the amounts to which you are entitled under
paragraphs 11(c)(i) and 11(c)(ii) or paragraph 15, then the amounts of your severance compensation under this Agreement shall automatically be adjusted to equal those that would have been provided to you under the Severance Plan; provided that to
the extent you were entitled to any amounts under this Agreement, the time and form of such amounts shall not be adjusted. The parties acknowledge and agree that you remain a participant in the Viacom Executive Retention Plan for Section 16
Officers, as amended and restated as of August 13, 2019 (“ERP”), and are entitled to the benefits thereunder pursuant to the terms and conditions therein. For the avoidance of doubt, any payment entitlement pursuant to this
paragraph 16 is in lieu of, and not in addition to, any severance compensation to which you may otherwise be entitled under this Agreement. Notwithstanding any adjustment to the amount of your entitlements pursuant to this paragraph 16, all other
provisions of this Agreement shall remain in effect, including, without limitation, paragraphs 6, 7, 8 and 9. 
 17. Further Events on
Termination of Employment. 
 (a) Termination of Benefits. Except as otherwise expressly provided in this Agreement, your
participation in all Company benefit plans and programs (including, without limitation, medical and dental coverage, life insurance coverage, vacation accrual, all retirement and the related excess plans, STD and LTD plans and accidental death and
dismemberment and business travel and accident insurance and your rights with respect to any outstanding equity compensation awards) shall be governed by the terms of the applicable plan and program documents, award agreements and certificates. 

(b) Resignation from Official Positions. If your employment with the Company terminates for any reason, you shall be deemed to have
resigned at that time from any and all officer or director positions that you may have held with the Company and all board seats or other positions in other entities to which you have been designated by the Company or which you have held on behalf
of the Company. If, for any reason, this paragraph 17(b) is deemed insufficient to effectuate such resignation, you hereby authorize the Secretary and any Assistant Secretary of the Company to execute any documents or instruments which the Company
may deem necessary or desirable to effectuate such resignation or resignations, and to act as your attorney-in fact. 

18. Survival; Remedies. 

(a) Survival. Your obligations under paragraphs 6, 7, 8 and 9 shall remain in full force and effect

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for the entire period provided therein notwithstanding the termination of your employment for any reason or the expiration of the Contract Period.

(b) Modification of Terms. You and the Company acknowledge and agree that the restrictions and remedies contained in paragraphs 6, 7, 8
and 9 are reasonable and that it is your intention and the intention of the Company that such restrictions and remedies shall be enforceable to the fullest extent permissible by law. If a court of competent jurisdiction shall find that any such
restriction or remedy is unenforceable, but would be enforceable if some part were deleted or modified, then such restriction or remedy shall apply with the deletion or modification necessary to make it enforceable and shall in no way affect any
other provision of this Agreement or the validity or enforceability of this Agreement. 
 (c) Injunctive Relief. The Company has
entered into this Agreement in order to obtain the benefit of your unique skills, talent, and experience. You acknowledge and agree that any violation of paragraphs 6, 7, 8 and 9 shall result in irreparable damage to the Company, and, accordingly,
the Company may obtain injunctive and other equitable relief for any breach or threatened breach of such paragraphs, in addition to any other remedies available to the Company. To the extent permitted by applicable law, you hereby waive any right to
the posting of a bond in connection with any injunction or other equitable relief sought by the Company and you agree not to seek such relief in your opposition to any application for relief the Company shall make. 

(d) Other Remedies. In the event that you materially violate the provisions of paragraph 6, 7, 8 or 9 at any time during the Non-Competition Period or any period in which the Company is making payments to you pursuant to this Agreement, (i) any outstanding stock options or other undistributed equity awards granted to you by the
Company shall immediately be forfeited, whether vested or unvested; and (ii) the Company’s obligation to make any further payments or to provide benefits (other than Accrued Compensation and Benefits) to you pursuant to this Agreement
shall terminate. The Company shall give you written notice prior to commencing any remedy under this paragraph 18(d) or, if no cure period is applicable, contemporaneous with such commencement, setting forth the nature of any alleged violation in
reasonable detail and the conduct required to cure such violation. Except for a violation which, by its nature, cannot reasonably be expected to be cured, you shall have ten (10) business days from the giving of such notice within which to
cure; provided, however, that, if the Company reasonably expects irreparable injury from a delay of ten (10) business days, the Company may give you notice of such shorter period within which to cure as is reasonable under the circumstances,
which may include commencement of a remedy without notice and with immediate effect. The remedies under this paragraph 18 are in addition to any other remedies the Company may have against you, including under this Agreement or any other agreement,
under any equity or other incentive or compensation plan or under applicable law. 
 19. General Provisions. 

(a) Deductions and Withholdings. In the event of the termination of your employment for any reason, the Company reserves the right, to
the extent permitted by law and in addition to any other remedy the Company may have, to deduct from any monies that are otherwise payable to you, and that do not constitute deferred compensation within the meaning of
Section 409A of the Code, the regulations promulgated thereunder or any related guidance issued by the U.S. Treasury Department (“Section 409A”) all monies and the replacement value of any
property you may owe to the Company at the time of or subsequent to the termination of your employment with the Company. The Company shall not make any such deduction from any amount that constitutes deferred compensation for purposes of
Section 409A. To the extent any law requires an employee’s consent to the offset provided in this paragraph and permits such consent to be obtained in advance, this Agreement shall be deemed to provide the required consent. Except as
otherwise expressly provided in this Agreement or in any Company benefit plan, all amounts payable under this Agreement shall be paid in accordance with the Company’s ordinary payroll practices less deductions and income and payroll tax
withholding as may be required under applicable law. Any property (including shares of Class B Common Stock), benefits and perquisites provided to you under this Agreement, including, without limitation, COBRA payments made on your behalf,
shall be taxable to 

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you as provided by law. 
 (b) Cash and Equity Awards Modifications.
Notwithstanding any other provisions of this Agreement to the contrary, the Company reserves the right to modify or amend unilaterally the terms and conditions of your cash compensation, stock option awards or other equity awards, without first
asking your consent, to the extent that the Company considers such modification or amendment necessary or advisable to comply with any law, regulation, ruling, judicial decision, accounting standard, regulatory guidance or other legal requirement
applicable to such cash compensation, stock option awards or other equity awards, provided that, except where necessary to comply with law, such amendment does not have a material adverse effect on the value of such compensation award to you. In
addition, the Company may, without your consent, amend or modify your cash compensation, stock option awards or other equity awards in any manner that the Company considers necessary or advisable to ensure that such cash compensation, stock option
awards or other equity awards are not subject to United States federal income tax, state or local income tax or any equivalent taxes in territories outside the United States prior to payment, exercise, vesting or settlement, as applicable, or any
tax, interest or penalties pursuant to Section 409A. 
 (c) Section 409A Provisions. 

(i) The Company may, without your consent, amend any provision of this Agreement to the extent that, in the reasonable judgment of the
Company, such amendment is necessary or advisable to avoid the imposition on you of any tax, interest or penalties pursuant to Section 409A or otherwise to make this Agreement enforceable. Any such amendment shall maintain, to the maximum
extent practicable, the original intent and economic benefit to you of the applicable provision. 
 (ii) It is the intention and
understanding of the parties that all amounts and benefits to which you become entitled under this Agreement will be paid or provided to you pursuant to a fixed schedule within the meaning of Section 409A. Notwithstanding such intention and
understanding, in the event that you are a specified employee as determined by the Company (a “Specified Employee”) at the time of your Separation from Service (as defined below), then to the extent that any amount or benefit owed
to you under this Agreement (x) constitutes an amount of deferred compensation for purposes of Section 409A and (y) is considered for purposes of Section 409A to be owed to you by virtue of your Separation from Service, then such
amount or benefit shall not be paid or provided during the six (6) month period following the date of your Separation from Service and instead shall be paid or provided on the first day of the seventh month following your date of Separation
from Service; provided, however, that such delay shall apply only to the extent that such payments and benefits, in the aggregate, exceed the lesser of an amount equal to (x) two (2) times your annualized compensation (as
determined under the Code Section 409A regulations) and (y) two (2) times the applicable Code Section 401(a)(17) annual compensation limit for the year in which your termination occurs; provided, further, that any
payments made during such six (6) month period shall first be made to cover all costs relating to medical, dental and life insurance coverage to which you are entitled under this Agreement and thereafter shall be made in respect of other
amounts or benefits owed to you. 
 (iii) As used herein, “Separation from Service” shall mean either (A) the
termination of your employment with the Company and its affiliates, provided that such termination of employment meets the requirements of a separation of service determined using the default provisions set forth in Treasury Regulation
§1.409A-(1)(h) or the successor provision thereto or (B) such other date that constitutes a separation from service with the Company and its affiliates meeting the requirements of the default provisions set forth in Treasury

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Regulation §1.409A-(1)(h) or the successor provision thereto. For purposes of this definition, “affiliate” means any corporation that is in the same controlled group of
corporations (within the meaning of Code Section 414(b)) as the Company and any trade or business that is under common control with the Company (within the meaning of Code Section 414(c)), determined in accordance with the default
provision set forth in Treasury Regulation §1.409A-(1)(h)(3). 
 (iv) If under any provision of
this Agreement you become entitled to be paid Salary continuation, then each payment of Salary during the relevant continuation period shall be considered, and is hereby designated as, a separate payment for purposes of Section 409A (and
consequently your entitlement to such Salary continuation shall not be considered an entitlement to a single payment of the aggregate amount to be paid during the relevant continuation period). 

(d) No Duplicative Payments. The payments and benefits provided in this Agreement in respect to the termination of employment and non-renewal of this Agreement are in lieu of any other salary, bonus or benefits payable by the Company, including, without limitation, any severance or income continuation or protection under any Company plan that
may now or hereafter exist. All such payments and benefits shall constitute liquidated damages, paid in full and final settlement of all obligations of the Company to you under this Agreement. 

(e) Payment of Bonus Compensation. 

(i) The Bonus for any Company fiscal year under this Agreement shall be paid by March
15th of the following year. 
 (ii) Except as otherwise expressly provided in this
Agreement, your Bonus shall be prorated (A) to apply only to that part of the Company’s fiscal year which falls within the Contract Period and (B) to the extent the Company’s fiscal year is less than a twelve (12)-month fiscal
year (a “Pro-Rated Bonus”). Following expiration of the Contract Period, you shall receive a Pro-Rated Bonus for the period of the Company’s fiscal
year which falls within the Contract Period only (x) in the event that the Company terminates your employment without Cause prior to the date on which employees of the Company become entitled to Bonus under the STIP, (y) as provided in
paragraph 11(c)(ii) or (z) as provided in the STIP. 
 (iii) Any Bonus or Pro-Rated Bonus
payable pursuant to paragraph 11, 13 or 14 shall be paid at the lesser of (A) your Target Bonus amount or (B) your Target Bonus amount, adjusted based on the Company Performance Factor for the relevant year. 

(f) Parachute Payment Adjustments. Notwithstanding anything herein to the contrary, in the event that you receive any payments or
distributions, whether payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, that constitute “parachute payments” within the meaning of Section 280G of the Code, and the net after-tax amount of
the parachute payment is less than the net after-tax amount if the aggregate payment to be made to you were three times your “base amount” (as defined in Section 280G(b)(3) of the Code) less
$1.00, then the aggregate of the amounts constituting the parachute payment shall be reduced to an amount that shall equal three times your base amount, less $1.00. The determinations to be made with respect to this paragraph 19(f) shall be made by
a certified public accounting firm designated by the Company and reasonably acceptable to you. 
 (g) Adjustments to Bonuses and
Long-Term Incentive Compensation. Notwithstanding anything herein to the contrary, the Company shall be entitled to adjust the amount of any Bonus or any award of long-term incentive compensation if the financial statements of the Company or the
business unit on which the calculation or determination of the Bonus or award of long-term incentive compensation were based are subsequently restated 

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and, in the judgment of the Company, the financial statements as so restated would have resulted in a smaller Bonus or long-term incentive compensation award if such information had been known at
the time the Bonus or award had originally been calculated or determined. In addition, in the event of such a restatement: (i) the Company may require you, and you agree, to repay to the Company the amount by which the Bonus as originally
calculated or determined exceeds the Bonus as adjusted pursuant to the preceding sentence; and (ii) the Company may cancel, without any payment therefor, the portion of any award of long-term incentive compensation that exceeds the award
adjusted pursuant to the preceding sentence (or, if such portion of an award cannot be canceled because (x) in the case of stock options or other similar awards, you have previously exercised it, the Company may require you, and you agree, to
repay to the Company the amount, net of any exercise price, that you realized upon exercise or (y) in the case of restricted share units or other similar awards, shares of Class B Common Stock were delivered to you in settlement of such
award, the Company may require you, and you agree to return the shares of Class B Common Stock, or if such shares were sold by you, return any proceeds realized on the sale of such shares). 

(h) Mediation. Prior to the commencement of any legal proceeding relating to your employment, you and the Company agree to attempt to
mediate the dispute using a professional mediator from JAMS, The Resolution Experts (“JAMS”) or the International Institute for Conflict Prevention and Resolution (“CPR”). Within a period of thirty (30) days
after a written request for mediation by either you or the Company, the parties agree to convene with the mediator, for at least one session to attempt to resolve the matter. In no event will mediation delay commencement of any legal proceeding for
more than thirty (30) days absent agreement of the parties or prevent a bona fide application by either party to a court of competent jurisdiction for emergency relief. The fees of the mediator and of the JAMS or CPR, as the case may be, shall
be borne by the Company. 
 20. Additional Representations and Acknowledgments. 

(a) No Acceptance of Payments. You represent that you have not accepted or given nor shall you accept or give, directly or indirectly,
any money, services or other valuable consideration from or to anyone other than the Company for the inclusion of any matter as part of any film, television, internet or other programming produced, distributed and/or developed by the Company. 

(b) Company Policies. You recognize that the Company is an equal opportunity employer. You agree that you shall comply with the
Company’s employment practices and policies, as they may be amended from time to time, and with all applicable federal, state and local laws prohibiting discrimination on any basis. In addition, you agree that you shall comply with any code of
conduct, ethics or business policies adopted by the Company from time to time and with the Company’s other policies and procedures, as they may be amended from time to time, and provide the certifications and conflict of interest disclosures
required by any such policies. 
 21. Notices. Notices under this Agreement must be given in writing, by personal delivery, regular
mail or receipted email, at the parties’ respective addresses shown on this Agreement (or any other address designated in writing by either party), with a copy, in the case of the Company, to the attention of the Company’s Chief People
Officer. Any notice given by regular mail shall be deemed to have been given three (3) days following such mailing. 
 22. Binding
Effect; Assignment. This Agreement and rights and obligations of the Company hereunder shall not be assigned by the Company, provided that the Company may assign this Agreement to any subsidiary or affiliated company of or any successor in
interest to the Company provided that such assignee assumes all of the obligations of the Company hereunder. This Agreement is for the performance of personal services by you and may not be assigned by you, except that the rights specified in
Section 13 shall pass upon your death to your designated beneficiary (or, if there is no such beneficiary, your estate). This Agreement shall be automatically assumed by CBS upon the Closing Date (as defined in the Merger Agreement). 

23. GOVERNING LAW AND FORUM. You acknowledge that this Agreement has been executed, in whole or in part, in New York.
Accordingly, you agree that this Agreement and all matters or issues arising out of or relating to your employment with the Company shall be governed by the laws of the State of  

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New York applicable to contracts entered into and performed entirely therein. Any action to enforce or otherwise relating to this Agreement and the rights and obligations hereunder shall be
brought solely in the state or federal courts located in the City of New York, Borough of Manhattan. 
 24. No Implied Contract.
Nothing contained in this Agreement shall be construed to impose any obligation on the Company or you to renew this Agreement or any portion hereof or on the Company to establish or maintain any benefit, welfare or compensation plan or program or to
prevent the modification or termination of any benefit, welfare or compensation plan or program or any action or inaction with respect to any such benefit, welfare or compensation plan or program. The parties intend to be bound only upon full
execution of a written agreement by both parties and no negotiation, exchange of draft, partial performance or tender of an agreement (including any extension or renewal of this Agreement) executed by one party shall be deemed to imply an agreement
or the renewal or extension of any agreement relating to your employment with the Company. Neither the continuation of employment nor any other conduct shall be deemed to imply a continuing agreement upon the expiration of the Contract Period. 

25. Severability. In the event any provision or part of this Agreement is found to be invalid or unenforceable, only that particular
provision or part so found, and not the entire Agreement, shall be inoperative.
 26. Entire Understanding. Other than the ERP, this
Agreement contains the entire understanding of the parties hereto relating to the subject matter contained in this Agreement, and, except as otherwise provided herein, can be modified only by a writing signed by both parties. 

27. Supersedes Prior Agreements. Other than the ERP, with respect to the period covered by the Contract Period, this Agreement
supersedes and cancels all prior agreements relating to your employment with the Company. 

 Please confirm your understanding of the Agreement by signing and returning each of the two
(2) copies of this Agreement. 
  

			
	Very truly yours,
	
	VIACOM, INC.
		
	By:	 	 /s/ Fukiko Ogisu

		 	Fukiko Ogisu
		 	Executive Vice President,
		 	Chief People Officer

  

	
	ACCEPTED AND AGREED:
	
	 /s/ Christa D’Alimonte

	 Christa D’Alimonte

			
		
	Dated:	 	 August 13, 2019

 [Signature Page to D’Alimonte Employment Agreement] 

 Appendix A 

Christa D’Alimonte 
 c/o last address on file 

with the Company
 This General Release of all
Claims (this “Agreement”) is entered into by Christa D’Alimonte (the “Executive”) and ViacomCBS Inc. (the “Company”), effective as of
                                         
   . 
 In consideration of the promises set forth in the letter agreement between the Executive and the Company, dated
August 13, 2019 (the “Employment Agreement”), the Executive and the Company agree as follows: 
 1. Return of
Property. All Company files, access keys and codes, desk keys, ID badges, computers, records, manuals, electronic devices, computer programs, papers, electronically stored information or documents, telephones and credit cards, and any other
property of the Company in the Executive’s possession must be returned no later than the date of the Executive’s termination from the Company. 

2. General Release and Waiver of Claims. 

(a) Release. In consideration of the payments and benefits provided to the Executive under the Employment Agreement and after
consultation with counsel, the Executive and each of the Executive’s respective heirs, executors, administrators, representatives, agents, insurers, successors and assigns (collectively, the “Releasors”) hereby irrevocably and
unconditionally release and forever discharge the Company, its subsidiaries and affiliates and each of their respective officers, employees, directors, shareholders and agents (“Releasees”) from any and all claims, actions, causes
of action, rights, judgments, obligations, damages, demands, accountings or liabilities of whatever kind or character (collectively, “Claims”), including, without limitation, any Claims under any federal, state, local or foreign
law, that the Releasors may have, or in the future may possess, arising out of (i) the Executive’s employment relationship with and service as an employee, officer or director of the Company or any subsidiaries or affiliated companies and
the termination of such relationship or service and (ii) any event, condition, circumstance or obligation that occurred, existed or arose on or prior to the date hereof and relates to your employment with the Company; provided, however, that
the Executive does not release, discharge or waive any rights to (A) payments and benefits provided under the Employment Agreement that are contingent upon the execution by the Executive of this Agreement or otherwise expressly survive
termination thereof, (B) rights provided under the Viacom, Inc. Executive Retention Plan for Section 16 Officers, as amended and restated as of August 13, 2019 and (C) any indemnification rights the Executive may have in
accordance with the Company’s governance instruments or under any director and officer liability insurance maintained by the Company with respect to liabilities arising as a result of the Executive’s service as an officer and employee of
the Company. 
 (b) Specific Release of ADEA Claims. In further consideration of the payments and benefits provided to the Executive
under the Employment Agreement, the Releasors hereby unconditionally release and forever discharge the Releasees from any and all Claims that the Releasors may have as of the date the Executive signs this Agreement arising under the Federal Age
Discrimination in Employment Act of 1967, as amended, including the Older Workers Benefit Protection Act of 1990 (“OWBPA”), and the applicable rules and regulations promulgated thereunder (“ADEA”). By signing this
Agreement, the Executive hereby acknowledges and confirms the following: (i) the Executive was advised by the Company in connection with her termination to consult with an attorney of her choice prior to signing this Agreement and to have such
attorney explain to the Executive the terms of this Agreement, including, without limitation, the terms relating to the Executive’s release of claims arising 

  
 A-1 

 
under ADEA, and the Executive has in fact consulted with an attorney; (ii) the Executive was given a period of not fewer than 21 days to consider the terms of this Agreement and to consult
with an attorney of her choosing with respect thereto; (iii) the Executive knowingly and voluntarily accepts the terms of this Agreement; and (iv) the Executive is providing this release and discharge only in exchange for consideration in
addition to anything of value to which the Executive is already entitled. The Executive also understands that she has seven (7) days following the date on which she signs this Agreement within which to revoke the release contained in this
paragraph 2(b), by providing the Company a written notice of her revocation of the release and waiver contained in this paragraph 2(b); provided, however, that if the Executive exercises her right to revoke the release contained in this paragraph
2(b), the Executive shall not be entitled to any amounts paid to her under the termination provisions of the Employment Agreement and the Company may reclaim any such amounts paid to her and may terminate any benefits and payments that are
subsequently due under the Employment Agreement, except as prohibited by the ADEA and OWBPA. 
 (c) No Assignment. The Executive
represents and warrants that she has not assigned any of the Claims being released under this Agreement. The Company may assign this Agreement, in whole or in part, to any affiliated company or subsidiary of, or any successor in interest to, the
Company. 
 3. Proceedings. The Executive has not filed, and agrees not to initiate or cause to be initiated on her behalf, any
complaint, charge, claim or proceeding against the Releasees before any local, state or federal agency, court or other body relating to her employment or the termination of her employment, other than with respect to the obligations of the Company to
the Executive under the Employment Agreement (each, individually, a “Proceeding”), and agrees not to participate voluntarily in any Proceeding. Notwithstanding the foregoing, the prohibitions in this paragraph 3 shall not apply to the
Executive’s right to file a charge with the Equal Employment Opportunity Commission (“EEOC”) or similar local or state agency, or participate in an investigation conducted by such agency. The Executive waives any right she may
have to benefit in any manner from any relief (whether monetary or otherwise) (i) arising out of any Proceeding and/or (ii) in connection with any claim pursued by any administrative agency, including but not limited to the EEOC, on the
Executive’s behalf and, in the event the Executive is awarded money, compensation or benefits, the Executive shall immediately remit such award to the Company. 

4. Remedies. In the event the Executive initiates or voluntarily participates in any Proceeding in violation of this Agreement, or if
she fails to abide by any of the terms of this Agreement or her post-termination obligations contained in the Employment Agreement, the Company may, in addition to any other remedies it may have, reclaim any amounts paid to her under the termination
provisions of the Employment Agreement and terminate any benefits or payments that are subsequently due under the Employment Agreement, except as prohibited by the ADEA and OWBPA, without waiving the release granted herein. The Executive
acknowledges and agrees that the remedy at law available to the Company for breach of any of her post-termination obligations under the Employment Agreement or her obligations under paragraphs 2 and 3 herein would be inadequate and that damages
flowing from such a breach may not readily be susceptible to being measured in monetary terms. Accordingly, the Executive acknowledges, consents and agrees that, in addition to any other rights or remedies that the Company may have at law or in
equity or as may otherwise be set forth in the Employment Agreement, the Company shall be entitled to seek a temporary restraining order or a preliminary or permanent injunction, or both, without bond or other security, restraining the Executive
from breaching her post-termination obligations under the Employment Agreement or her obligations under paragraphs 2 and 3 herein. Such injunctive relief in any court shall be available to the Company, in lieu of, or prior to or pending
determination in, any arbitration proceeding. 
 The Executive understands that by entering into this Agreement she shall be limiting the
availability of 

  
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certain remedies that she may have against the Company and limiting also her ability to pursue certain claims against the Company. 

5. Severability Clause. In the event any provision or part of this Agreement is found to be invalid or unenforceable, only that
particular provision or part so found, and not the entire Agreement, shall be inoperative. 
 6. Nonadmission. Nothing contained in
this Agreement shall be deemed or construed as an admission of wrongdoing or liability on the part of the Company. 
 7. GOVERNING LAW
AND FORUM. The Executive acknowledges that this Agreement has been executed, in whole or in part, in New York. Accordingly, the Executive agrees that this Agreement and all matters or issues arising out of or relating to the Executive’s
employment with the Company shall be governed by the laws of the State of New York applicable to contracts entered into and performed entirely therein. Any action to enforce this Agreement shall be brought solely in the state or federal courts
located in the City of New York, Borough of Manhattan. 
 8. Notices. Notices under this Agreement must be given in writing, by
personal delivery, regular mail or receipted email, at the parties’ respective addresses shown on this Agreement (or any other address designated in writing by either party), with a copy, in the case of the Company, to the attention of the
Company’s General Counsel. Any notice given by regular mail shall be deemed to have been given three (3) days following such mailing. 

THE EXECUTIVE ACKNOWLEDGES THAT SHE HAS READ THIS AGREEMENT AND THAT SHE FULLY KNOWS, UNDERSTANDS AND APPRECIATES ITS CONTENTS, AND THAT
SHE HEREBY EXECUTES THE SAME AND MAKES THIS AGREEMENT AND THE RELEASE AND AGREEMENTS PROVIDED FOR HEREIN VOLUNTARILY AND OF HER OWN FREE WILL. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 A-3 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth
above. 
  

			
	VIACOMCBS INC.

 
			
		
	By:	 	  

		 	[●]
		 	[●]

  

					
	      	 	THE EXECUTIVE
		 	  

		 	Christa D’Alimonte

  

					
	    	 	Dated:

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