Document:

Amendment to Employment Agreement of John R. Sprouls dated January 29, 2009

 Exhibit 10.19 
 

 
 January 29, 2009 
 Mr. John R. Sprouls 
 Vivendi Universal
Entertainment LLLP 
 100 Universal City Plaza 
 Universal City, CA 91608 
 Dear Mr. Sprouls: 
 Reference is made to the employment agreement between you and Vivendi Universal Entertainment LLLP (“VUE” or the “Company”) dated April 17, 2006, as amended on July 25, 2008
(the “Employment Agreement”), pursuant to which you have been employed in an executive capacity. The Company hereby exercises its option to extend the term of the Employment Agreement for two (2) years, commencing December 7,
2009 and continuing through and including December 6, 2011. 
 Please acknowledge receipt of this notice by signing the
attached copy and returning it to VUE. The original is for your records. 
  

							
		 		 	Very truly yours,
			
		 		 	VIVENDI UNIVERSAL
		 		 	 ENTERTAINMENT LLLP

				
		 		 	By:	 	/s/ Crystal Wright
	RECEIPT ACKNOWLEDGED:	 		 		 	
		 		 		 	
	/s/ John R. Sprouls	 		 		 	
	JOHN R. SPROULS	 		 		 	
				
	3/5/09	 		 		 	
	Date	 		 		 	

 OP1369 
 Note: Option to be delivered to executive no later than October 1, 2009.Amendment to Employment Agreement of John R. Sprouls dated November 11, 2009

 Exhibit 10.20 
 

 
 November 11, 2009 
 Mr. John Sprouls 
 Vivendi Universal
Entertainment LLLP 
 1000 Universal Studios Plaza 
 Orlando, FL 32819 
 Dear Mr. Sprouls: 
 Reference is made to the employment agreement between you and Vivendi Universal Entertainment LLLP (the “Company”) dated
April 17, 2006, as amended July 25, 2008 (the “Employment Agreement”) pursuant to which you have been employed in an executive capacity. It is now our mutual intention to amend, and the parties do hereby amend, the Employment
Agreement as follows: 
 1. The current term of the Employment Agreement will be hereby extended for a period through and
including December 6, 2013. 
 2. Paragraph 3(e) of the Employment Agreement relating to reimbursement of reasonable and
necessary business expenses shall be amended to provide that such reimbursement shall be made not later than the end of the fiscal year following the fiscal year in which such expenses is incurred, subject to and in accordance with the
Company’s then prevailing policy for similarly situated employees. 
 3. The following Paragraph is hereby inserted into
the Employment Agreement as Paragraph 3(g): 
 “3(g) Future Benefits. In the event of a corporate transaction
requiring a change in the application to you of any GE/NBCU benefit, equity or other program(s), such changes shall be dictated by the terms and conditions of the GE/NBCU plans and the availability of successor programs.” 
 4. To the extent that you are entitled to receive any payments of compensation under the Employment Agreement under Paragraph 4 as a result
of a termination of employment for Cause, disability or death, such payments shall paid as follows: 
 (i) Payment of any
accrued Base Salary (as defined in the Employment Agreement) and any accrued and unpaid vacation, shall be payable in accordance with the Employment Agreement, but in no event later than thirty (30) days after the date of termination, or
presentation to the Company of evidence of death or permanent disability. 
  

			
	 A00656
 PSC West Coast
Administration
	 	Page 1

 (ii) Payment of any accrued but unreimbursed expenses shall be paid in accordance with
Paragraph 2 hereunder. 
 (iii) Unpaid amounts due under any Company benefit plan or program shall be paid in accordance with
the terms and conditions of each such plan or program. 
 5. To the extent that any payments due you under Paragraph 4 of the
Employment Agreement are subject to the Company’s right of offset, you hereby agree that any such offset permitted shall be applied against the first payments of compensation due under the Employment Agreement at least ten (10) business
days after receipt by the Company of notice that the compensation that is subject to offset (“Offset Compensation”) had been paid (or, if applicable, earned) as provided in the next following sentence, and to each subsequent payment of
compensation due hereunder until all Offset Compensation theretofore received (or, if applicable, earned) has been applied against the compensation payable under this Agreement. You agree to inform the Company in writing (i) within five
(5) business days of agreeing to provide services for which Offset Compensation may be payable and (ii) within one (1) business day following the time at which payment of any Offset Compensation is received or earned (or, if any such
Offset Compensation is not reasonably expected to be paid within thirty (30) days of when it is earned). 
 6. The
following Paragraph is hereby inserted into the Employment Agreement as Paragraph 4(f): 
 “(f) Section 409A
Special Rules. Notwithstanding anything else in this Paragraph 4 to the contrary, 
 (i) if your termination
of employment does not constitute a “separation from service” within the meaning of Section 409A of the Internal Revenue Code, as amended (“Section 409A”), any payment that would otherwise have been due and payable, or would
have commenced to be paid, under this Paragraph 5 in connection with your separation from service shall be delayed until such time as you shall incur such a separation from service (and such separation from service shall be treated as though a
termination of your employment for purposes of determining when such payments are to be made); and 
 (ii) if, at
the date of your separation from service, you are a specified employee within the meaning of Section 409A, any payment, which constitutes “deferred compensation” under Section 409A and is payable on account of separation from
service that would otherwise have been due and payable under this Paragraph 5 within six (6) months of the date of such separation from service, shall be delayed until the six (6) month anniversary of the date of such separation from
service (“the “Six

  

			
	 A00656
 PSC West Coast
Administration
	 	Page 2

 
Month Delay”). The Six Month Delay shall not apply to any deferred compensation that is payable at a fixed date (including the payment of Base Salary that, as a series of separate payments,
is a short-term deferral within the meaning of Section 409A, and any payment arising on account of your death).” 
 7.
The following Paragraph 14 of the Employment Agreement is hereby inserted in the Employment Agreement. 
 “14.
Interpretation. It is the intent of the parties that this Agreement be administered in a manner consistent with, and in compliance with, Section 409A. Accordingly, this Agreement shall be construed and interpreted, to the maximum extent
possible, in a manner consistent with the requirements of such Section 409A and the regulations thereunder. If any amounts payable hereunder are paid in installments, each installment shall be considered a separate payment. Any provision of
this Agreement to the contrary notwithstanding, the Company does not represent, warrant or guarantee that the payments and benefits that may be paid or provided pursuant to this Agreement will not be includible in the Executive’s federal gross
income pursuant to Section 409A, nor does the Company make any other representation, warranty or guaranty to the Executive as to the tax consequences of this Agreement.” 
 8. All of the other provisions of the Employment Agreement, which are not modified hereunder, shall remain in full force and effect.

 Please confirm your agreement to the foregoing by signing in the space provided below. 
  

			
	 Sincerely,
  
 Vivendi Universal Entertainment LLLP

		
	By:	 	/s/
		 	

  

	
	AGREED AND ACCEPTED:
	
	/s/ John Sprouls
	John Sprouls

  

			
	 A00656
 PSC West Coast
Administration
	 	Page 3Employment Agreement between UCDP, Ltd. and Richard T. Florell

 Exhibit 10.21 
 October 8, 2007 
 Richard T. Florell 
 6026 Jamestown Park 
 Orlando, FL 32819 

Re: Employment Agreement 
 Dear Ric,

 You and Universal City Development Partners, Ltd. d/b/a “Universal Orlando” (hereinafter referred to as “UO” or the
“Company”) have agreed as follows: 
  

	1.	Definitions: 

 UO includes
any subsidiary, or affiliated company or any divisions thereof now existing or formed at any time after the date of this Agreement; any business entity which may merge into UO or with which UO may be merged or consolidated; any business entity which
may acquire all or a substantial portion of the assets or good will of UO; or any business entity which may result from a division or other reorganization of UO. 
  

	2.	Employment and Services: 

  

	 	a)	UO has employed you and you have agreed to perform your exclusive services for UO upon the terms and conditions hereinafter set forth, and the UO employee policies and
procedures as communicated to you from time to time. 

  

	 	b)	You will perform such services as requested from time to time by the President or Chief Executive Officer, Universal Orlando, or their duly authorized representative.
Your employment as Senior Vice President/General Manager, Resort Revenue Operations, will commence on December 4, 2007, it being understood that the President or Chief Executive Officer, Universal Orlando, or their duly authorized officers may
assign you to render your services in different occupational areas within Universal Orlando, in their sole discretion. 

	3.	Results and Proceeds: 

 As
your employer, UO shall own all rights in and to the results and proceeds connected with or arising out of, directly and indirectly, your services hereunder. 
  

	4.	Term; Renewal: 

  

	 	a)	The term of this Agreement shall run three (3) years, commencing on December 4, 2007 and continuing until December 3, 2010. 

  

	 	b)	Option: UO shall have the irrevocable option to renew the term of this Agreement for a period of twenty four (24) months, commencing on December 4,
2010 and continuing until December 3, 2012. 

  

	 	c)	In the event the Company exercises its right to renew your employment under the option provided above, you shall be notified in writing not less than sixty
(60) days prior to the expiration date of the then current term. In the event the Company does not elect to continue your employment at the expiration of any term, no special severance consideration is provided. Rather, standard Company
practice (if any) shall apply. 

  

	 	d)	You agree and acknowledge that UO has no obligation to renew this Agreement or to continue your employment after expiration of the term hereunder, and you expressly
acknowledge that no promises or understandings to the contrary have been made or reached. 

  

	5.	Compensation: 

  

	 	a)	Basic Salary: For all your services rendered under this Agreement, UO shall pay you a salary at an annual rate of no less than $324,552.00 or at such higher
salary as may be determined by your performance review and the Executive Vice President, Human Resources, Legal & Business Affairs, Universal Parks & Resorts (“UPR”). Such higher salary shall subsequently be deemed the
annual rate, commencing on such date as the Executive Vice President, Human Resources, Legal & Business Affairs, UPR may determine, for purposes of this Agreement. 

  

	 	b)	Such salary shall be payable in equal installments on UO’s regular paydays during the term, subject to the usual and required employee payroll deductions and
withholdings. UO is not obligated to actually utilize your services, and in the event it elects not to do so, you shall continue to be compensated under the terms and conditions of this Agreement unless mutually agreed upon.

  

 Page 2 of 6 

	6.	Covenants: 

  

	 	a)	You will not at any time during your employment by the Company or the period of payment pursuant to Section 5 be or become (i) interested or engaged in any
manner, directly or indirectly, either alone or with any person, firm or corporation now existing or hereafter created, in any business which is or may be competitive with the business of the Company and its affiliates or (ii) directly or
indirectly a stockholder or officer, director, agent, consultant or employee of, or in any manner associated with, or aid or abet, or give information or financial assistance to, any such business. The provisions of this Paragraph will not be
deemed to prohibit your purchase or ownership, as a passive investment, of not more than five percent (5%) of the outstanding capital stock of any corporation whose stock is publicly traded.

  

	 	b)	You will not during (i) the period of your employment by the Company, (ii) the period of payment pursuant to Section 5, or (iii) the period ending
one (1) year after the later of the periods described in the previous clauses (i) or (ii) induce or attempt to induce any employees, consultants, contractors or representatives of the Company (or those of any of its affiliates) to
stop working for, contracting with, or representing the Company or any of its affiliates, or to work for, contract with or represent any of the Company’s (or its affiliates’) competitors. 

  

	7.	Place and Condition of Employment: 

 Your principal place of employment, unless otherwise specified, is the Orlando office of Universal Orlando. However, it is understood that you may be required to travel to other locations on behalf of
Universal Orlando. 
  

	8.	Vacation: 

 You shall be
entitled to vacation with pay under the UO vacation plan. Any unused vacation may not be “carried over” into another year without the approval of your Department Head and the Human Resources Department. No more than ten (10) days may
be carried over at any one time. 
  

	9.	Termination: 

 UO may
terminate your services as follows: 
  

	 	a)	The Company may terminate this Agreement for cause at any time without advance notice. “Cause” will include, but not be limited to: 

 

	 	(i)	your material failure to perform your duties; 

  

 Page 3 of 6 

	 	(ii)	your material failure to comply with Company policies, including, without limitation those set forth in the Universal Orlando Code of Conduct, the Employee
Confidentiality and Non-Disclosure Agreement, the Universal Orlando E-Mail Policy, the Universal Orlando Internet and Computer On-Line Services Policy and the Universal Orlando Discrimination and Sexual Harassment Policy, or

  

	 	b)	In the event you have suffered a permanent and total disability, which prevents your performance of your full-time duties under this Agreement, but in no case, shall
such right be exercised until six (6) months from the date of the commencement of such disablement. 

  

	10.	Benefits: 

 During the
term hereof and so long as you are not in breach of this Agreement: 
  

	 	a)	UO shall reimburse you for your reasonable and necessary business expenses in accordance with its then prevailing policy (which shall include appropriate itemization
and substantiation of expenses incurred). 

  

	 	b)	You shall be entitled to participate in the group insurance benefit plans. 

  

	 	c)	You shall be entitled to participate in the UO 401(k) retirement program upon terms and conditions as developed by UO. 

  

	 	d)	You shall be entitled to participate in the UO Executive Incentive Plan (the “Incentive Plan”) in accordance with the terms of the Incentive Plan, with a
potential payout of 30% of your base salary. However, no specific amount is guaranteed. In the event UO has terminated this Agreement in accordance with Section 9(a) above, you will have no right to receive compensation under the Incentive Plan
for any portion of the year in which your termination occurred. 

  

	 	e)	You shall be eligible to participate in the Company sponsored “Highly Compensated Employees” supplemental benefit plan to our 401(k) plan.

 You further expressly agree and acknowledge that after expiration of the term hereunder you are entitled to no
additional benefits not expressly set forth herein, except as specifically provided under the benefit plan referred to herein and those benefit plans in which you may subsequently become a participant, and subject in all cases to the term and
conditions of each such plan. 
  

 Page 4 of 6 

	11.	Assignment of Agreement: 

 UO may assign this Agreement to any affiliate or successor in interest without your prior consent. This Agreement is a personal services agreement and may not be assigned by you. 
  

	12.	Compliance with Policies: 

 Incorporated herein and made part of this Agreement are the Universal Orlando Code of Conduct and the Company’s Discrimination and Sexual Harassment Policy. Compliance with such Policies and Code of Conduct, and any amendments thereto
which you receive, such amendments to be consistent with the tenor of the current Policies and Codes of Conduct and not in violation of public policy, are conditions to your continued employment. Any material violation thereof shall constitute a
breach of this Agreement, and shall provide for termination as set forth in Section 9 above. 
 In addition to such Policies
and Code of Conduct, also incorporated herein and made a part of this Agreement is the Employee Confidentiality and Non-Disclosure Agreement. In view of the fact that your position of service to UO is a unique one of trust and confidence and, as a
condition to your employment by UO under this Agreement, you agree to sign and comply with each of the provisions of such Employee Confidentiality and Non-Disclosure Agreement. 
  

	13.	Termination of All Previous Agreements: 

 All prior personal employment service agreements (whether written, oral or implied) between us, if any, are terminated as of the commencement of the term of this Agreement. 
  

	14.	Choice of Laws: 

 This
Agreement shall be covered by and construed and enforced in accordance with and subject to the laws of the State of Florida. Any legal proceeding brought by either party for enforcing any right or obligation under this Agreement, or arising under
any matter pertaining to this Agreement or the services to be rendered hereunder, shall be submitted without jury before any court of competent jurisdiction in the State of Florida. The parties hereto expressly waive trial by jury. 
  

	15.	Entire Agreement; Modification; Severability: 

 This Agreement sets forth the entire understanding between us; there are no terms, conditions, representations, warranties or covenants other than those contained herein. No term or provision of this
Agreement may be amended, waived, released, discharged or modified in any respect except in writing, signed by the appropriate party(ies). No waiver of any breach or default shall constitute a waiver of any other breach or default, whether of the
same or any other term or condition. 
  

 Page 5 of 6 

 The invalidity or unenforceability of any provisions of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement. 
 Very truly yours, 
 UNIVERSAL ORLANDO 
 John R. Sprouls 
 Executive Vice President 
 Human Resources, Legal & Business Affairs, UPR 
  

									
	JRS:jal	  		  		  		  	
					
	AGREED:	  		  		  		  	
					
	 /s/ Richard T. Florell
	  	October 8, 2007	  		  		  	
	Richard T. Florell	  	Date	  		  		  	

  

 Page 6 of 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]