Document:

exv10w53

 

EXHIBIT 10.53

Intēgis, Inc.

WaterTower
Plaza • 25200
Chagrin Boulevard
• Suite
250 •
Cleveland,
Ohio 44122

Phone: (216) 896-1010 • Fax: (216) 896-1011

March 5, 2006

CONFIDENTIAL

Mr. Craig A. Davis

Chairman & Chief Executive Officer

Century Aluminum Company

2511 Garden Road, Building A, Suite 200

Monterey, CA 93940

Dear Craig:

I am pleased to respond to your request to memorialize our arrangement with Century regarding
executive search services and assisting Century in identifying and selecting senior management
executives.

As you know, we work on a retainer of one-third of the estimated first year’s cash compensation
plus direct expenses such as phone, travel, research, etc. We do not charge for allocable expenses.
Accordingly, our fees for each project will be invoiced over three months. At the end of the
project, we will adjust the fees to reflect the then best estimate of the annual compensation
including base and estimated bonuses and will send a final reconciliation. Should the search be
terminated prior to the third invoice, only the pro rata portion of the fee and incurred expenses
will be charged. Payment of our fee is not contingent upon an individual being hired. Additional
hires as a result of any single project will be invoiced at 25% of the first year’s estimated cash
compensation. Should the individual selected leave the position within 12 months for reasons other
than an act of nature, we will agree to redo the search for expenses only.

Craig, I look forward to continuing working with you on these projects.

Best regards,

Stuart M. Schreiber

Managing Director

SMS:klc

Cleveland/London/New Yorkexv10w42

 

EXHIBIT 10.42

UNDERTAKING

     UNDERTAKING entered into this 20th day of November, 1998, by STARFIRE HOLDING CORPORATION, a
Delaware corporation (the “Indemnitor”), for the benefit of
AMERICAN REAL ESTATE PARTNERS, L.P., a
Delaware limited partnership (“AREP”) and its subsidiaries (collectively with AREP, the
“Indemnitees” and each of such Indemnitees individually, an “Indemnitee”).

     WHEREAS, Leyton LLC, a Delaware limited liability company (the “Purchaser”), a company
affiliated with Mr. Carl C. Icahn, has commenced a tender offer (the “Offer”) for depositary units
(“Units”) representing limited partner interests in AREP pursuant to an Offer to Purchase dated
November 20, 1998 (the “Offer to Purchase”);

     WHEREAS, entities directly or indirectly owned by Carl C. Icahn that are under common control
or members of a controlled group, in each case within the meaning of Section 4001 of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”) and Section 414 of the Internal
Revenue Code of 1986, as amended (the “Code”) and the rules and regulations promulgated thereunder
(the “Controlled Group”), are subject to liability under ERISA and the Code with respect to
certain pension plan minimum funding and termination liabilities (such minimum funding and
termination liabilities, as more fully described in Section 10 of the Offer to Purchase entitled
“Information Concerning the Purchaser and Certain Affiliates of the Purchaser; Pension Liability
Considerations,” the “Pension Liabilities”);

     WHEREAS, the Indemnitor is an indirect beneficial owner of interests in the Purchaser;

     NOW, THEREFORE, in consideration of the premises and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the Indemnitor hereby undertakes and
agrees as follows:

     1. Defined
Terms. Unless otherwise defined herein, each capitalized term used herein shall
have the meaning attributed to it below:

    “Effective
Date” shall mean that date, if any, on which the Purchaser acquires
pursuant to the Offer a number of Units such that the Partnership is deemed under
ERISA or the Code to be a member of the Controlled Group.

    “Entity” shall mean any partnership, limited liability company, joint venture,
corporation, trust or other business entity or vehicle.

    “Losses” shall mean any and all losses, costs, damages, fees or expenses
(including, without limitation, reasonable attorneys fees and disbursements)
arising from Pension Liabilities imposed upon any Indemnitee as a result of such
person being deemed, under ERISA or the Code, to a member of the Controlled Group.

 

 

     “Net Worth” shall mean, as to any Entity, the amount by which its total assets
exceed its total liabilities, all as determined on a consolidated basis in
accordance with generally accepted accounting principles applicable in the United
States of America.

     “Termination
Date” shall mean that date, if any, on which the Indemnitees are
no longer subject to any: (x) Pension Liability; or (y) any contingency that could
result in the imposition of any Losses upon an Indemnitee.

     2. Indemnity. The Indemnitor agrees that from the Effective Date and through the
Termination Date, at its sole cost and expense, it will indemnify and defend and hold harmless,
each Indemnitee, from any and all Losses imposed on any Indemnitee or its assets.

     3. Net Worth. Any Indemnitor that is an Entity agrees that from the Effective Date and
through the Termination Date, the Indemnitor will not make any distributions to its stockholders
or other owners that would reduce its Net Worth to less than $250 million.

     4. Delegation. Any Indemnitor may delegate its duties and obligations under this
Undertaking to Mr. Icahn, or to an Entity affiliated with Mr. Icahn, so long as Mr. Icahn or
such Entity agrees to assume and fully perform all of the obligations of the Indemnitor hereunder
(the “Assumed Obligations”). Any such delegation may be made without the consent of any Indemnitee.

     In the case of any such delegation to any Entity, the Entity to which such delegation is made
shall have a Net Worth in an amount greater than the lesser of: (i) $250 million, or (ii) the Net
Worth of the delegating Indemnitor at the time of such delegation.

     5. Release. Following any delegation in accordance with the terms of this Section
4 of this Undertaking: (i) the delegating Indemnitor shall be, and shall be deemed to be,
released from
all of its duties and obligations hereunder and shall have no liability to any Indemnitee in
respect of
this Undertaking, and all of the same shall, for all purposes be deemed to have been included
in the
Assumed Obligations; and (ii) thereafter the person or Entity assuming such duties and
obligations
shall be deemed for all purposes to be the “Indemnitor” (and no other person or Entity shall
be
deemed to be the Indemnitor for any purpose) until such time, if any, of a subsequent
delegation
pursuant hereto.

     6. Effect; Termination. Notwithstanding the other provisions hereof, the duties
and obligations of the Indemnitor hereunder will: (i) be effective and enforceable only from
the
Effective Date, if any, and (ii) terminate on the Termination Date, if any.

     7. Enforcement. Each Indemnitee shall be an express third party beneficiary of
this Undertaking and shall be entitled to enforce the same as if it were a party hereto.

2

 

     8.
Waiver; Amendment. The provisions of this Undertaking may be changed, waived,
discharged or terminated only by an instrument in writing signed by the Indemnitor and AREP.

     9. Governing Law. This Undertaking shall in all respects be governed by, and
construed and enforced in accordance with, the laws of the State of New York.

     IN WITNESS WHEREOF, the Indemnitor has caused this Undertaking to be executed as of the date
first written above.

	 	 	 	 	 
	 	INDEMNITOR:

STARFIRE HOLDING CORPORATION

 	 
	 	/s/ Carl C. Icahn
 	 
	 	Name:  	Carl C. Icahn       	 
	 	Title: President 	 
	 

[SIGNATURE PAGE FOR UNDERTAKING BY STARFIRE HOLDING CORPORATION DATED NOVEMBER 20, 1998]

3exv10w100

 

    Exhibit
10.100

    AMENDMENT
    TO AMENDED AND RESTATED EMPLOYMENT

    AGREEMENT

 

    This Amendment (“Amendment”) is made as of
    July 21, 2005, between Spanish Broadcasting System,
    Inc., a Delaware corporation with offices located at 2601
    South Bayshore Drive, PH II, Coconut Grove, Florida 33133
    (“SBS”) and Marko Radlovic (hereinafter
    referred to as “Employee”), an individual.

 

    RECITALS

 

    WHEREAS, SBS and Employee entered into a certain amended and
    restated employment agreement dated October 31, 2003 (the
    “Agreement”); and

 

    WHEREAS, SBS and Employee wish to amend the Agreement pursuant
    to the term and conditions set forth herein below;

 

    NOW THEREFORE, in consideration of the promises and mutual
    covenants contained herein, the parties understand and agree as
    follows:

 

    The Agreement shall be amended as follows:

 

    1. New Title.  The Agreement is amended by
    replacing “Chief Revenue Officer for SBS” with
    “Executive Vice President/Chief Operating Officer for
    SBS” where ever the former appears in the Agreement.

 

    2. Discretionary Bonus.  Upon execution of
    this Amendment, SBS shall pay Employee a one time
    discretionary bonus in the amount of seventy five thousand
    dollars ($75,000.00).

 

    3. Term.  Paragraph three of the Agreement
    is amended by changing the term to three (3) years
    commencing July 21, 2005 through and including
    July 20, 2008.

 

    4. Automobile
    Allowance.  Paragraph 4(f) of the Agreement
    is amended by increasing the amount of the monthly automobile
    allowance to $1,750.00.

 

    5. Performance Bonus.  Paragraph 4(c)
    is deleted in its entirety and replaced with the following:

 

    (c) Performance Bonus.  Beginning July 1, 2005, Employee shall be eligible for the
    following performance bonuses:

 

    (i)  SBS shall pay Employee thirty thousand dollars
    ($30,000) if net sales per quarter equals or exceeds the
    sales budget established by SBS’ Chief Financial Officer
    and Employee (the “Sales Budget”);

 

 

    (ii)  SBS shall pay Employee fifteen thousand dollars
    ($15,000) if SBS’ net sales growth per quarter
    exceeds general market net sales growth for the same quarter
    based on Miller Kaplan reports;

 

    (iii)  SBS shall pay Employee fifteen thousand dollars
    ($15,000) if net sales growth per quarter exceeds
    Univision’s net sales growth for the same quarter as
    reported by Univision on their quarterly earnings call;

 

    (iv)  SBS shall pay Employee twenty five thousand
    dollars ($25,000) if Employee meets or exceeds SBS’
    quarterly Broadcast Cash Flow (“BCF”) goal established
    by SBS’ CFO; and

 

    (v)  An annual discretionary bonus, subject to
Compensation Committee approval, based upon the CEO’s
recommendation to the Committee with reference to Employee’s
performance during the calendar year.

 

    6. Additional Options.  Upon execution of
    this Agreement, Employee shall be eligible to receive, upon
    approval by the Compensation Committee of SBS’s Board of
    Directors (the “Compensation Committee”), stock
    options (the “Options”) to purchase up to 25,000
    shares of SBS Class A common stock (the “Shares”)
    pursuant to the terms and conditions of SBS’ 1999 Stock
    Option Plan. The Options shall have an exercise price equal to
    the closing price of the Shares on the date the Compensation
    Committee approves the grant of such Options, and shall vest
    twelve (12) months after the Grant Date.

 

    The remaining provisions of the Agreement remain in full force
    and effect.

 

    IN WITNESS WHEREOF, the parties have caused this Agreement to be
    duly executed this
    21st
    day of July 2005.

 

    SPANISH BROADCASTING SYSTEM, INC.

 

			
	 	    By: 
	/s/ Raúl Alarcón, Jr.

Raúl
    Alarcón, Jr.

    President/CEO

	 
	 
	 
	 
	 	 	
    EMPLOYEE
	 
	 	 	/s/ Marko Radlovic
    
Marko
    Radlovic

    EVP/COO

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