Document:

Employment Agreement

 Exhibit 10.20 
  
 January 1,
2006                                        

  
 Jacques Tortoroli 
 82 Greenway Terrace 
 Forest Hills, New York 11375 
 Dear Mr. Tortoroli: 
 Viacom Inc. (“Viacom”), 1515 Broadway, New York, New York 10036, agrees
to employ you, and you agree to accept such employment, upon the following terms and conditions. 
 1. Term. The term of your
employment under this Agreement shall commence on January 1, 2006 and, unless terminated by Viacom pursuant to paragraph 8(a) or (b), shall continue through and until December 31, 2008. The period from January 1, 2006 through
December 31, 2008 is referred to as the “Term” notwithstanding any earlier termination of your employment for any reason. 
 2. Duties. You agree to devote your entire business time, attention and energies to the business of Viacom and its subsidiaries during your employment with Viacom. You will be Senior Vice President, Corporate Controller and Chief
Accounting Officer of Viacom, and you agree to perform all duties reasonable and consistent with such office as may be assigned to you from time to time by the Executive Vice President, Chief Financial Officer of Viacom (the “CFO”). Your
principal place of business will be in Viacom’s headquarters in the New York, New York metropolitan area. 
 3. Compensation.

 (a) Salary. For all the services rendered by you in any capacity under this Agreement, Viacom agrees to pay you Six Hundred
Thousand Dollars ($600,000) a year in base salary (“Salary”), less applicable deductions and withholding taxes, in accordance with Viacom’s payroll practices as they may exist from time to time. On or about January 1, 2007 and
January 1, 2008, your Salary will be subject to discretionary annual merit reviews and may, at that time, be increased but not decreased. 
  

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 (b) Bonus Compensation. You also shall be eligible to receive annual bonus compensation
(“Bonus”) during your employment with Viacom under this Agreement, determined and payable as follows: 
  

	 	(i)	Your Bonus for each calendar year during your employment with Viacom under this Agreement will be determined in accordance with the Viacom Short-Term Incentive Plan or the Viacom
Senior Executive Short-Term Incentive Plan, as applicable, as the same may be amended from time to time (the “STIP”). 

  

	 	(ii)	Your target bonus (“Target Bonus”) for each of those calendar years shall be 50% of your Salary as in effect on November 1st of such year or the last day of the Term,
if earlier. Your Bonus may be prorated for any partial calendar year for which you are employed by Viacom. 

  

	 	(iii)	Your Bonus for any calendar year shall be payable, less applicable deductions and withholding taxes, by February 28th of the following year. 

 (c) Annual Long-Term Compensation. For 2006 and subsequent years during the Term, you will be eligible to receive an annual grant of long-term
compensation, as determined by the Viacom Compensation Committee, based on a target value of Seven Hundred Fifty Thousand Dollars ($750,000). 
 4. Benefits. You shall participate in such vacation, medical, dental and life insurance, long-term disability insurance, 401(k), pension and other plans as Viacom may have or establish from time to time and in which you would be
entitled to participate under the terms of the plan. This provision, however, shall not be construed to either require Viacom to establish any welfare or compensation 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, Viacom shall reimburse you for such reasonable travel and other expenses incurred in the performance of your duties as are customarily reimbursed to Viacom executives at comparable levels. 
 6. Non-Competition, Confidential Information, Etc. 
 (a) Non-Competition. You agree that your employment with Viacom is on an exclusive basis and that, while you are employed by Viacom, 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 agree that, during the Non-Compete Period (as defined below), you shall not directly or indirectly engage in or participate as an owner, partner, stockholder,
officer, employee, director, agent of or consultant for any business competitive with any business of Viacom, without the written consent of Viacom; provided, however, that this 

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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. The Non-Compete Period shall cover the entire Term; provided, however, that, if your employment terminates before the end of the Term, the Non-Compete Period shall
terminate, if earlier, (i) one year after you terminate your employment for Good Reason or Viacom terminates your employment without Cause, or on such earlier date as you may make the election under paragraph 6(j) (which relates to your ability
to terminate your obligations under this paragraph 6(a) in exchange for waiving your right to certain compensation and benefits); or (ii) eighteen (18) months after Viacom terminates your employment for Cause. (Defined terms used without
definitions in the preceding sentence have the meanings provided in paragraphs 8(a) and (b).) 
 (b) Confidential Information. You
agree that, during the Term or at any time thereafter, (i) you shall not use for any purpose other than the duly authorized business of Viacom, or disclose to any third party, any information relating to Viacom or any of its affiliated
companies which is proprietary to Viacom or any of its 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 Viacom’s policies); and (ii) you will comply with any and all confidentiality obligations of Viacom 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 disclosure by you or at
your direction or by any other person who directly or indirectly receives such information from you, or (y) is or becomes available to you on a non-confidential basis from a source which is entitled to disclose it to you. 
 (c) No Solicitation, Etc. You agree that, during the Term and for one (1) year thereafter, you shall not, directly or
indirectly: 
  

	 	(i)	employ or solicit the employment of any person who is then or has been within six (6) months prior thereto, an employee of Viacom or any of its affiliated companies; or

  

	 	(ii)	interfere with, disturb or interrupt the relationships (whether or not such relationships have been reduced to formal contracts) of Viacom or any of its affiliated companies with
any customer, supplier or consultant. 

 (d) Viacom 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 Viacom and/or any of its affiliated companies and any works in progress resulting from such services, shall be
works-made-for-hire and Viacom shall be deemed the sole owner throughout the universe of any and all rights of every nature in such works, whether such rights are now known or hereafter defined or discovered, with the right to use the 

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works in perpetuity in any manner Viacom determines in its sole 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 Viacom 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 Viacom shall have
the right to use the work in perpetuity throughout the universe in any manner Viacom determines in its sole discretion without any further payment to you. You shall, as may be requested by Viacom from time to time, do any and all things which Viacom
may deem useful or desirable to establish or document Viacom’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 CFO and his 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 Viacom or any of its affiliated companies of any ownership rights to which Viacom or any of its affiliated companies may be entitled by operation of law by virtue of being your employer. 
 (e) Litigation. 
  

	 	(i)	You agree that, during the Term, for one (1) year thereafter and, if longer, 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 Viacom or any of its affiliated companies, other than any litigation or other proceeding in which you are a party-in-opposition, without giving prior notice to Viacom or its counsel; and
(y) in the event that any other party attempts to obtain information or documents from you with respect to such mater, either through formal legal process such as a subpoena or by informal means such as interviews, you shall promptly
notify Viacom’s counsel before providing any information or documents. 

  

	 	(ii)	 You agree to cooperate with Viacom 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 prior to the termination of your employment. Your cooperation shall include, without limitation, providing assistance 

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to Viacom’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, Viacom will (x) seek to minimize 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. 
  

	 	(iii)	Except as required by law or legal process, you agree that you will not testify in any lawsuit or other proceeding which directly or indirectly involves Viacom or any of its
affiliated companies, or which may create the impression that such testimony is endorsed or approved by Viacom or any of its affiliated companies. In all events, you shall give advance notice of such testimony promptly after you become aware that
you may be required to provide it. Viacom expressly reserves its attorney-client and other privileges except if expressly waived in writing. 

 (f) No Right to Give Interviews or Write Books, Articles, Etc. During the Term, except as authorized by Viacom, you shall not (i) give any interviews or speeches, or (ii) prepare or assist any person
or entity in the preparation of any books, articles, television or motion picture productions or other creations, in either case, concerning Viacom or any of its 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 Viacom or any of its affiliated companies shall remain the exclusive property of Viacom. In the event
of the termination of your employment for any reason, Viacom reserves the right, to the extent permitted by law and in addition to any other remedy Viacom may have, to deduct from any monies otherwise payable to you the following: (i) all
amounts you may owe to Viacom or any of its affiliated companies at the time of or subsequent to the termination of your employment with Viacom; and (ii) the value of the Viacom property which you retain in your possession after the termination
of your employment with Viacom. In the event that the law of any state or other jurisdiction requires the consent of an employee for such deductions, this Agreement shall serve as such consent. 
 (h) Non-Disparagement. You agree that, during the Term and for one (1) year thereafter, you shall not, in any communications with the press
or other media or any customer, client or supplier of Viacom or any of its affiliated companies, criticize, ridicule or make any statement which disparages or is derogatory of Viacom or any of its affiliated companies or any of their respective
directors or senior officers. 
  

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 January
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 (i) Injunctive Relief. Viacom 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 will result in irreparable damage to Viacom, and, accordingly, Viacom may obtain injunctive and other
equitable relief for any breach or threatened breach of such paragraphs, in addition to any other remedies available to Viacom. 
 (j)
Survival; Modification of Terms. Your obligations under paragraphs 6(a) through (i) shall remain in full force and effect for the entire period provided therein notwithstanding the termination of your employment under this Agreement for
any reason or the expiration of the Term; provided, however, that your obligations under paragraph 6(a) (but not under any other provision of this Agreement) shall cease if you terminate your employment for Good Reason or Viacom
terminates your employment without Cause and you notify Viacom in writing that you have elected to waive your right to receive, or to continue to receive, termination payments and benefits under paragraphs 8(d)(i) through (iv) and/or 8(e). You
and Viacom agree that the restrictions and remedies contained in paragraphs 6(a) through (i) are reasonable and that it is your intention and the intention of Viacom 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 the period or area of application reduced, then such restriction or remedy
shall apply with the modification necessary to make it enforceable. 
 7. Disability. In the event that you become
“disabled” within the meaning of such term under Viacom’s Short-Term Disability (“STD”) program and its Long-Term Disability (“LTD”) program during the Term (such condition is referred to as a
“Disability”), you will receive compensation under the STD program in accordance with its terms. Thereafter, you will be eligible to receive benefits under the LTD program in accordance with its terms. If you have not returned to work by
December 31st of a calendar year during the Term, you will receive bonus compensation for the period from January 1st of the year in which you first receive compensation under the STD program through the last day of the period for which
you receive compensation under the STD program, in an amount equal to your Target Bonus and prorated for such period(s). Bonus compensation under this paragraph 7 shall be paid, less applicable deductions and withholding taxes, by February 28th
of the year(s) following the year as to which such bonus compensation is payable. You will not receive bonus compensation for any portion of the calendar year(s) during the Term while you receive benefits under the LTD program. For the periods that
you receive compensation and benefits under the STD and LTD programs, such compensation and benefits and the bonus compensation provided under this paragraph 7 are in lieu of Salary and Bonus under paragraphs 3(a) and (b). 
  

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 8. Termination. 
 (a) Termination for Cause. Viacom may, at its option, terminate your employment under this Agreement forthwith for Cause and thereafter shall have no further obligations under this Agreement, including, without
limitation, any obligation to pay Salary or Bonus or provide benefits. Cause shall mean: (i) embezzlement, fraud or other conduct which would constitute a felony; (ii) willful unauthorized disclosure of Confidential Information;
(iii) your failure to obey a material lawful directive that is appropriate to your position from an executive(s) in your reporting line; (iv) your material breach of this Agreement; (v) your failure (except in the event of your
Disability) or refusal to substantially perform your material obligations under this Agreement; or (vi) willful failure to cooperate with a bona fide internal investigation or an investigation by regulatory or law enforcement authorities, after
being instructed by Viacom to cooperate, or the willful destruction or failure to preserve documents or other material known to be relevant to such investigation or the willful inducement of others to fail to cooperate or to produce documents or
other material. Viacom will give you written notice prior to terminating your employment pursuant to (iii), (iv), (v) or (vi) of this paragraph 8(a), setting forth the nature of any alleged failure, breach or refusal in reasonable detail
and the conduct required to cure. 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 any failure,
breach or refusal under (iii), (iv), (v) or (vi) of this paragraph 8(a); provided, however, that, if Viacom reasonably expects irreparable injury from a delay of ten (10) business days, Viacom may give you notice of such
shorter period within which to cure as is reasonable under the circumstances. 
 (b) Good Reason Termination. You may terminate your
employment under this Agreement for Good Reason at any time during the Term by written notice to Viacom no more than thirty (30) days after the occurrence of the event constituting Good Reason. Such notice shall state an effective date no
earlier than thirty (30) business days after the date it is given. Viacom shall have ten (10) 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. 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 Disability): (i) the assignment to you of duties or
responsibilities substantially inconsistent with your position(s) or duties; (ii) the withdrawal of material portions of your duties described in paragraph 2; and (iii) the material breach by Viacom of its material obligations under this
Agreement. 
 (c) Termination Without Cause. Viacom may terminate your employment under this Agreement without Cause at any time
during the Term by written notice to you. 
 (d) Termination Payments/Benefits. In the event that your employment terminates under
paragraph 8(b) or (c), you shall thereafter receive, less applicable withholding taxes: 
  

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	 	(i)	your Salary, as in effect on the date on which your employment terminates, until the end of the Term, paid in accordance with Viacom’s then effective payroll practices;

  

	 	(ii)	bonus compensation for the calendar year (or portion thereof during the Term) in which such termination occurs, in an amount equal to your Target Bonus, and payable by
February 28th of the following year; 

  

	 	(iii)	medical and dental insurance coverage provided under COBRA at no cost to you (except as hereafter described) pursuant to Viacom’s then-current benefit plans until the end of
the Term or, if earlier, the date on which you become eligible for medical and dental coverage from a third party; provided, that, during the period that Viacom provides you with this coverage, an amount equal to the applicable COBRA premiums
(or such other amounts as may be required by law) will be included in your income for tax purposes to the extent required by law and Viacom may withhold taxes from your compensation for this purpose; and provided, further, that you may
elect to continue your medical and dental insurance coverage under COBRA at your own expense for the balance, if any, of the period required by law; 

  

	 	(iv)	life insurance coverage until the end of the Term pursuant to Viacom’s then-current policy in the amount then furnished to Viacom employees at no cost (the amount of such
coverage will be reduced by the amount of life insurance coverage furnished to you at no cost by a third party employer); and 

  

	 	(v)	the following with respect to any stock options granted to you under the CBS Corporation (formerly Viacom Inc.) 2000 and 2004 Long-Term Management Incentive Plans, the Viacom 2006
Long-Term Management Incentive Plan or any successor plans (collectively, the “LTMIP”): 

  

	 	(x)	all LTMIP stock options that have not vested and become exercisable on the date of such termination but that would have vested on or before the end of the Term shall vest on the
date of termination; such LTMIP stock options shall remain exercisable for six (6) months after such date or, if earlier, until their expiration date; and 

  

	 	(y)	 all outstanding LTMIP stock options that have previously vested and become exercisable by the date of such termination shall remain 

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exercisable for six (6) months after such date or, if earlier, until their expiration date. 
 There will not be any acceleration of the vesting of any restricted share units granted to you. You shall be required to mitigate the amount of any payment provided for
in (i) and (ii) of this paragraph 8(d) by seeking other employment, and the amount of such payments shall be reduced by any compensation earned by you from any source, including, without limitation, salary, sign-on or annual bonus
compensation, consulting fees, commission payments and, in the event you receive long-term compensation with a present value, as reasonably determined by Viacom, greater than you would likely have received from Viacom during a comparable period
(based on historical grants of long-term compensation during your service with Viacom and Viacom’s practices with respect to your position, and prorating the value of such long-term compensation over the term of service required to vest
therein), in each case as reasonably determined by Viacom, the amount of such excess; provided, that mitigation shall not be required, and no reduction for other compensation shall be made, for six (6) months after the termination of
your employment or, if less, the balance of the Term. The payments provided in (i) and (ii) above are in lieu of any severance or income continuation or protection under any Viacom plan that may now or hereafter exist. The payments and
benefits to be provided pursuant to this paragraph 8(d) shall constitute liquidated damages, and shall be deemed to satisfy and be in full and final settlement of all obligations of Viacom to you under this Agreement. 
 (e) Non-Renewal Notice/Payments. If Viacom elects not to extend or renew this Agreement at the end of the Term, you shall receive the following:

  

	 	(i)	If (x) Viacom notifies you less than twelve (12) months before the end of the Term that it has elected not to extend or renew this Agreement (such notice is
referred to as a “Non-Renewal Notice”), or (y) your employment terminates under paragraph 8(b) or (c) during the final twelve (12) months of the Term, you shall continue to receive, after your employment terminates,
your Salary for the balance of the twelve (12) months from the date on which the Non-Renewal Notice is given or your employment terminates, whichever is earlier. 

  

	 	(ii)	If Viacom does not give you a Non-Renewal Notice by the end of the Term and you remain employed through that date but have not entered into a new contractual relationship with
Viacom or any of its affiliated companies, and Viacom thereafter terminates your employment without Cause, you shall continue to receive your Salary for the balance, if any, of the twelve (12) months after the expiration of the Term.

 Notwithstanding the foregoing, you shall not receive compensation under this paragraph 8(e) with respect to any period for which you receive
Salary under paragraph 8(d)(i). Payments under this paragraph 8(e) shall be made, less applicable withholding taxes, in accordance with Viacom’s then 

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effective payroll practices. You shall be required to mitigate the amount of any payment under this paragraph 8(e) by seeking other employment, and the
amount of any such payment shall be reduced by any compensation earned by you from any source, including, without limitation, salary, sign-on or annual bonus compensation, consulting fees, commission payments and, in the event you receive long-term
compensation with a present value, as reasonably determined by Viacom, greater than you would likely have received from Viacom during a comparable period (based on historical grants of long-term compensation during your service with Viacom and
Viacom’s practices with respect to your position, and prorating the value of such long-term compensation over the term of service required to vest therein), in each case as reasonably determined by Viacom, the amount of such excess. The
payments provided in this paragraph 8(e) are in lieu of any severance or income continuation or protection under any Viacom plan that may now or hereafter exist. 
 (f) Termination of Benefits. Notwithstanding anything in this Agreement to the contrary (except as otherwise provided in paragraph 8(d) with respect to medical, dental and life insurance), participation in all
Viacom benefit plans and programs (including, without limitation, vacation accrual, all retirement and the related excess plans, LTD and accidental death and dismemberment and business travel and accident insurance) 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 LTMIP and, after
the termination of your employment, your rights under the LTMIP shall be governed by the terms of the LTMIP option agreements and the applicable LTMIP plans together with paragraph 8(d)(v). 
 (g) Resignation from Official Positions. If your employment with Viacom 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 Viacom or any of its affiliated companies and all board seats or other positions in other entities you held on behalf of Viacom. If, for any reason, this paragraph 8(g)
is deemed insufficient to effectuate such resignation, you agree to execute, upon the request of Viacom, any documents or instruments which Viacom may deem necessary or desirable to effectuate such resignation or resignations, and you hereby
authorize the Secretary and any Assistant Secretary of Viacom to execute any such documents or instruments as your attorney-in-fact. 
 9. Death. In the event of your death prior to the end of the Term while actively employed,
your beneficiary or estate shall receive (i) your Salary up to the date on which the death occurs; (ii) any Bonus earned in the prior year but not yet paid; and (iii) bonus compensation for the calendar year in which the death occurs,
in an amount equal to your Target Bonus and pro-rated for the portion of the year through the date of death, payable, less applicable deductions and withholding taxes, by February 28th
 of the following year. In the event of your death after the termination of your employment while you are entitled to receive compensation under paragraph 8(d) or (e), your beneficiary or estate shall
receive (x) any Salary payable under 

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paragraph 8(d)(i) or 8(e) up to the date on which the death occurs; and (y) any bonus compensation payable under paragraph 8(d)(ii). 

10. 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 Viacom for the inclusion of any matter as part of any film, television program or other production produced, distributed and/or developed by Viacom and/or any of its
affiliated companies. 
 11. Equal Opportunity Employer; Viacom Business Conduct Statement. You recognize that Viacom is an equal
opportunity employer. You agree that you will comply with Viacom 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 Viacom Business Conduct Statement. 
 12. Notices. All notices under this Agreement must be given in writing, by personal delivery or by mail, 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 Viacom, to the attention of the General Counsel of Viacom. Any notice given by mail shall be deemed to have been given three days
following such mailing. 
 13. Assignment. This is an Agreement for the performance of personal services by you and may not be
assigned by you or Viacom except that Viacom may assign this Agreement to any affiliated company of or any successor in interest to Viacom. 
 14. NEW YORK LAW, ETC. 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 VIACOM EMPLOYMENT 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. 
 15. No
Implied Contract. Nothing contained in this Agreement shall be construed to impose any obligation on Viacom 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. 
  

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 16. Entire Understanding. This Agreement contains the entire understanding of the parties hereto
relating to the subject matter contained in this Agreement, and can be changed only by a writing signed by both parties. 
 17. 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. 
 18. Supersedes Prior Agreements. With respect to the period covered by the Term, this Agreement supersedes and cancels all prior agreements
relating to your employment by Viacom or any of its affiliated companies. 
 19. Deductions and Withholdings, Payment of Deferred
Compensation. All amounts payable under this Agreement shall be paid less deductions and income and payroll tax withholdings as may be required under applicable law and any property (including shares of Viacom Class B Common Stock), benefits and
perquisites provided to you under this Agreement shall be taxable to you as may be required under applicable law. Notwithstanding any other provisions of this Agreement to the contrary, no payment for any restricted share units or distribution of
any other deferred compensation shall be made sooner than the earliest date permitted under the provisions of the Internal Revenue Code or the rules or regulations promulgated thereunder, as in effect on the date of such payment, in order for such
payment to be taxable at the time of the distribution thereof without imposition of penalty taxes under the American Jobs Creation Act of 2004. 
 If the foregoing correctly sets forth our understanding, please sign, date and return all three (3) copies of this Agreement to the undersigned for execution on behalf of Viacom; after this Agreement has been executed by Viacom and a
fully-executed copy returned to you, it shall constitute a binding agreement between us. 
  
  

									
		    		  	Very truly yours,
			
	 ACCEPTED AND AGREED:
	    		  	VIACOM INC.
				
	/s/ Jacques Tortoroli	    		  	By:	  	/s/ JoAnne A. Griffith
	Jacques Tortoroli	    		  		  	Name:	  	JoAnne A. Griffith
		    		  		  	Title:	  	Executive Vice President, Human Resources
	Dated: March 3, 2006Employment Agreement

 Exhibit 10.21 
  
 April 30,
2007                                        
     
  
 JoAnne A. Griffith 
 122 Liberty Corner Road 
 Warren, NJ 07059 
 Dear Ms. Griffith: 
 Reference is made to your
employment agreement, dated as of January 1, 1998, with MTV Networks (“MTVN”), a business unit of Viacom Inc. (“Viacom”), as amended as of May 1, 2000 and August 1, 2003 (your “Employment Agreement”). All
defined terms used without definitions shall have the meanings provided in your Employment Agreement. 
 This letter, when fully executed
below, shall amend your Employment Agreement as follows, effective as of January 1, 2006: 
 1. Term. Paragraph 1 shall be
amended to change the date representing the end of the Employment Term in the first and second sentences from “April 30, 2006” to “May 31 2008”. 
 2. Duties. Paragraph 2 shall be amended to replace the second and third sentences with the following: 
 “During the Employment Term, until December 31, 2007 (the “Resignation Date”), you agree to devote your entire business time, attention and energies to the business of Viacom and MTVN. Until such time (the
“Succession Date”) as Viacom has appointed or hired a successor for such position, but no later than the Resignation Date, you will be Executive Vice President, Human Resources of Viacom and you agree to perform such duties and such other
duties reasonable and consistent with such office as may be assigned to you from time to time by the Chief Executive Officer of Viacom. In addition, until the Resignation Date, you will be Executive Vice President, Human Resources of MTV Networks
(“MTVN”) and you agree to perform such duties and such other duties reasonable and consistent with such office as may be assigned to you from time to time by the Chief Executive Officer of MTVN (the “CEO”). Effective as of the
Succession Date you resign your position as Executive Vice President, Human Resources of Viacom. Except as specified in the next sentence, effective as of the Resignation Date you resign your position as Executive Vice President, Human 

 JoAnne A. Griffith 
 April
30, 2006 
 Page 2 
  
  

 
Resources of MTVN and all other offices and positions with the Company and all of its subsidiaries, affiliates, joint ventures, partnerships or any other
business enterprises, as well as from any office or position with any trade group or other industry organization which you hold on behalf of the Company or its subsidiaries or affiliates. From the Resignation Date until the end of your Employment
Term, you shall remain an employee of MTVN and provide such advisory services as are reasonably requested by the CEO, so long as such services are reasonably consistent with your prior positions with Viacom and MTVN.” 
 3. Compensation/Salary. Paragraph 3(a) shall be amended to replace the second and third sentences thereof with the following two sentences:

 “Your Salary was increased on May 1, 2006 to Seven Hundred Twenty Five Thousand ($725,000) per annum and shall remain at that
level for the remainder of the Employment Term.” 
 4. Compensation/Bonus Compensation. Paragraph 3(b)(ii) and
(iii) shall be amended to read in their entirety as follows: 
 “(ii) Your Target Bonus for each of the calendar years during the
Employment Term shall be 70% of Salary, provided that for the 2008 calendar year, your Bonus for such year shall be your Target Bonus. 
 (iii) Your Bonus for any calendar year shall be payable by March 30 of the following year.” 
 5. Long-Term
Incentive Plans. Paragraph 3(c) shall be amended to add at the end thereof the following sentence: 
 “For 2007 and 2008, you
will not receive grants of long-term compensation under Viacom’s long-term incentive plans.” 
 6. Business Expenses.
Paragraph 5 shall be amended to read in its entirety as follows: 
 “During the Employment Term, you shall be reimbursed for such
reasonable travel and other expenses incurred in the performance of your duties hereunder as are customarily reimbursed to senior executives of (i) Viacom, with respect to Viacom related travel and expenses and (ii) MTVN, with respect to
all other such travel and other expenses.” 
 7. Non-Competition. Paragraph 6(a) is hereby amended to add the following
sentence at the end thereof: 
  

 JoAnne A. Griffith 
 April
30, 2006 
 Page 3 
  
  

 “Your obligations under this paragraph 6(a) shall terminate at the end of your Employment
Term.” 
 8. Termination for Cause. The definition of “cause” in Paragraph 8(a) shall be amended to add the
following clause at the end thereof: 
 “, your failure to obey a material lawful directive that is appropriate to your position from an
executive to whom you report, or willful failure to cooperate with a bona fide internal investigation or investigation by regulatory or law enforcement authorities, after being instructed by MTVN or Viacom to cooperate, or the willful destruction or
failure to preserve documents or other material known to be relevant to such an investigation, or the willful inducement of others to fail to cooperate or to destroy or fail to produce documents or other material.” 
 9. Good Reason Termination. Paragraph 8(b) shall be deleted in its entirety. 
 10. Termination Payments, Etc. Paragraph 8(d)(ii) shall be amended to read in its entirety as follows: 
 “(ii) bonus compensation for each calendar year (or prorated portion thereof) during the Employment Term equal to your Target Bonus as set forth in
paragraph 3(b) hereof, or determined in accordance with the Viacom Short-Term Incentive Plan for such year, whichever is lower;” 
 11.
Stock Options. Paragraph 8(d)(vi) shall be amended by (i) deleting the first sentence in the proviso and (ii) adding the following two sentences at the end thereof: 
 “In addition, all restricted stock units granted to you under the LTMIP (or any successor plan) shall vest on such date of termination and all stock
options and restricted stock units shall be exercisable in accordance with the terms of the LTMIP (or any successor plan) as applicable to an employee retiring on such date of termination.” 
 12. Non-Renewal Notice. Paragraph 8(f) shall be deleted in its entirety. 
 13. Equal Opportunity Employer. Paragraph 11 shall be amended to add the following sentence at the end thereof: 
 “In addition, you agree that you will comply with the Viacom Business Conduct Statement.” 
 14. Miscellaneous. Your Employment Agreement shall be amended to add the following paragraph 19 after paragraph 18 therein: 
  

 JoAnne A. Griffith 
 April
30, 2006 
 Page 4 
  
  

 “19. Deductions and Withholdings, Payment of Deferred Compensation, Section 409A.

 (a) All amounts payable under this Agreement shall be paid less deductions and income and payroll tax withholdings as may
be required under applicable law and any benefits and perquisites provided to you under this Agreement shall be taxable to you as may be required under applicable law. 
 (b) Notwithstanding any other provision of this Agreement, any payment or settlement triggered by termination of your employment with MTVN
shall not be made until six months and one day following your termination date if such delay is necessary to avoid the imposition of any tax, penalty or interest under Section 409A of the Internal Revenue Code of 1986, as amended. MTVN, after
consulting with you, may amend this Agreement or the terms of any award provided for herein in any manner that MTVN considers necessary or advisable to ensure that cash compensation, equity awards or other benefits provided for herein 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. Any such amendments shall be made in a manner that preserves to the maximum extent possible the intended benefits to you. This paragraph 19(b) does not create an obligation on the part of MTVN to modify this Agreement and does not
guarantee that the amounts or benefits owed under the Agreement will not be subject to interest and penalties under Section 409A.” 
 15. Releases. Your Employment Agreement shall be amended to add the following paragraph 20 after paragraph 19 therein: 
 “20. Releases. 
 (a) Release by You. 
 (i) Release. In consideration of the payments and benefits provided to you under this Agreement and the Employment Agreement, in connection with
your resignation and after consultation with counsel, you, and each of your respective heirs, executors, administrators, representatives, agents, successors and assigns (collectively, the “Releasors”) hereby irrevocably and unconditionally
release and forever discharge the Company and any of its subsidiaries, affiliates or predecessors (collectively, the “The Company Group”) and each of their respective officers, employees, directors, shareholders and agents 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 arising under Title VII of
the Civil Rights Act of 1964, the Rehabilitation Act of 1973, the Americans with Disabilities Act of 1990, the Civil Rights Act of 1866, the Civil Rights Act of 1991, the Employee Retirement Income Security Act of 1974, the Family Medical Leave Act
of 1993, or any other federal, state, local or foreign law, that the Releasors 

 JoAnne A. Griffith 
 April
30, 2006 
 Page 5 
  
  

 
may have, or in the future may possess, arising out of your employment relationship with and service as an employee, officer or director of the Company
Group, and the termination of such relationship or service; provided, however, that the release set forth in this paragraph 20(a)(i) shall not apply to (1) the obligations of the Company under this Agreement or (2) any indemnification
rights you 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 your service as an officer and
employee of the Company. The Releasors further agree that the payments and benefits described in this Agreement (including the applicable post-resignation obligations of the Company under the Employment Agreement) shall be in full satisfaction of
any and all Claims for payments or benefits, whether express or implied, that the Releasors may have against the Company Group arising out of the your employment relationship or the your service as an employee, officer and director of the Company
Group and the termination thereof other than rights under any and all the Company benefit plans and programs in accordance with the terms of such plans or programs. 
 (ii) Specific Release of ADEA Claims. In further consideration of the payments and benefits provided to you under this Agreement, the Releasors hereby unconditionally release and forever discharge the Company
Group, and each of their respective officers, employees, directors, shareholders and agents from any and all Claims that the Releasors may have as of the date you sign this Agreement arising under the Federal Age Discrimination in Employment Act of
1967, as amended, and the applicable rules and regulations promulgated thereunder (“ADEA”). By signing this Agreement, you hereby acknowledge and confirm the following: (1) you were advised by the Company in connection with your
termination to consult with an attorney of your choice prior to signing this Agreement and to have such attorney explain to you the terms of this Agreement, including, without limitation, the terms relating to your release of claims arising under
ADEA and, you have in fact consulted with an attorney; (2) you were given a period of not fewer than twenty-one (21) days to consider the terms of this Agreement and to consult with an attorney of your choosing with respect thereto;
(3) you are providing the release and discharge set forth in this paragraph 20(b) only in exchange for consideration in addition to anything of value to which you are already entitled; and (4) that you knowingly and voluntarily accepts the
terms of this Agreement. 
 (iii) No Assignment. You represent and warrant that you have not assigned any of the Claims being released
under this paragraph 20(a). 
 (iv) Claims. You agree that you have not instituted, assisted or otherwise participated in connection
with, any action, complaint, claim, charge, grievance, arbitration, lawsuit, or administrative agency proceeding, or action at law or otherwise against any member of the Company Group or any of their respective officers, employees, directors,
shareholders or agents. 
  

 JoAnne A. Griffith 
 April
30, 2006 
 Page 6 
  
  

 (b) Release by the Company. 
 (i) Release. In consideration of your waiver and release of claims set forth above and your other obligations hereunder, the Company Group, for
its, and their respective officers, directors, employees, shareholders and agents, hereby irrevocably and unconditionally releases and forever discharges you, your family, your estate, your agents, attorneys, your heirs, executors, administrators,
representatives, successors and assigns from and against any and all Claims of which the Company’s executive officers are aware on or prior to April 30, 2007, relating to or arising out of, directly or indirectly, your employment
relationship with and service as a director, employee or officer of the Company Group and the termination of such relationship or service; provided, however, that this release shall not apply to (1) any of your obligations under this Agreement
(2) any of your applicable post-Resignation Date obligations under the Employment Agreement as referenced in paragraph 20(a) of this Agreement or (3) any Claims relating to or arising out of your gross negligence, willful misconduct or bad
faith. 
 (ii) No Assignment. The Company represents and warrants that no member of the Company Group has assigned any of the Claims
being released under this paragraph 20(b). 
 (iii) Claims. The Company agrees that neither it nor any member of the Company Group has
instituted, assisted or otherwise participated in connection with, any action, complaint, claim, charge, grievance, arbitration, lawsuit, or administrative agency proceeding, or action at law or otherwise against you, any of the Releasors or any of
their respective officers, employees, directors, shareholders or agents.” 
 16. Viacom. Your Employment Agreement shall
be amended to add the following paragraph 21 after paragraph 20 therein: 
 “21. Viacom Inc. Viacom shall be a third party
beneficiary of this Employment Agreement and shall have all of the rights of MTVN hereunder as if it were a party hereto.” 
 Except as
herein amended, all other terms and conditions of your Employment Agreement shall remain the same and your Employment Agreement, as herein amended, shall remain in full force and effect. 
  

 JoAnne A. Griffith 
 April
30, 2006 
 Page 7 
  
  

 If the foregoing correctly sets forth our understanding, please sign, date and return all five
(5) copies of this letter agreement to the undersigned for execution on behalf of Viacom; after this letter agreement has been executed by Viacom and a fully executed copy returned to you, it shall constitute a binding amendment to your
Employment Agreement. 
  
  

					
	Very truly yours,
	
	MTV NETWORKS, a division of
Viacom International Inc.
		
	By: 	  	/s/ Philippe P. Dauman
		  	Name:	  	Philippe P. Dauman
		  	Title:	  	President and Chief Executive Officer of Viacom Inc.

  
  

	
	 ACCEPTED AND AGREED:

	
	/s/ JoAnne A. Griffith
	JoAnne A. Griffith
	
	Dated: April 30, 2007

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