Document:

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                              EMPLOYMENT AGREEMENT

         THIS AGREEMENT, dated as of May 15, 2000, is between Serologicals
Corporation, (the "Corporation") and David Dodd (the "Executive").

         WHEREAS, the Corporation desires to secure Executive's employment in an
executive capacity and to compensate him for such employment; and

         WHEREAS, the Executive is willing to be employed by the Corporation
upon the terms and subject to the conditions contained in this Agreement.

         NOW THEREFORE, in consideration of the premises and mutual covenants
contained herein and for other good and valuable consideration, the adequacy and
receipt of which are hereby acknowledged, the parties agree as follows:

Section 1.        Position, Duties and Responsibilities.

         (a)      Executive shall serve as the Chief Executive Officer of the
Corporation responsible for the duties attendant to such office and such other
managerial duties and responsibilities with the Corporation, its affiliates,
subsidiaries or divisions as may be assigned by the Board of Directors of the
Corporation. The Board of Directors shall also appoint the executive to be a
member of the Board of Directors and Executive agrees to serve as such.

         (b)      Executive will devote all his business time and attention to
the business and affairs of the Corporation and its subsidiaries consistent with
his position and shall faithfully perform his duties to the best of his ability
and in accordance with the direction and orders of the Board of Directors of the
Corporation. Nothing herein, however, shall preclude Executive from engaging in
charitable and community affairs, or giving attention to Executive's
investments, or by serving on the Board of Directors of a for-profit corporation
to the extent that this service is not detrimental to the Corporation and the
Board of Directors of the Corporation has consented thereto (such consent not to
be unreasonably withheld), provided that such activities do not interfere with
the performance of his duties and responsibilities enumerated herein, and
provided further, that the Board of Directors of the Corporation may annually
review the Executive's service on other Boards of Directors and remove its
consent thereto annually.

         (c)      Except as otherwise specifically stated herein, Executive
shall be subject to all of the requirements and provisions described in the
Corporation's employee handbook or personnel manual and the policies of
corporate governance established by the Board of Directors, as they may be
amended from time-to-time. If a provision in any policy conflicts with this
Agreement, the terms of this Agreement shall prevail.

         (d)      Following any termination of the Executive's employment, upon
the request of the Corporation, the Executive shall reasonably cooperate with
the Corporation in all matters relating

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to the winding up of pending work on behalf of the Corporation and the orderly
transfer of work to other employees of the Corporation. The Executive shall also
reasonably cooperate in the defense of any action brought by any third party
against the Corporation that relates in any way to the Executive's acts or
omissions while employed by the Corporation. The Corporation shall reimburse the
Executive for his reasonable out-of-pocket costs, and lost wages, if any, as
permitted by law, incurred in cooperating with the Corporation.

SECTION 1.        TERM.

                  Executive's employment shall commence on June 1, 2000 (the
"Effective Date") and continue for two (2) years, unless otherwise terminated
pursuant to the provisions hereof (the "Initial Expiration Date"). On each
anniversary of the Initial Expiration Date, this Agreement will be renewed
automatically for an additional one (1) year period (without any action by
either party) on the last day of the Initial Expiration Date and on each
anniversary thereof, unless one party gives to the other at least thirty (30)
days prior written notice that the Executive's employment is to be terminated.
Either party may elect not to renew this Agreement for any reason.

SECTION 2.        COMPENSATION AND RELATED MATTERS.

         (a)      Base Salary. Executive shall be paid a base salary (the "Base
Salary") equal to $335,000 per year. The Base Salary shall be payable to
Executive in the manner and on the date(s) on which the Corporation pays its
other executives, but in no event less frequently than monthly.

         (b)      Incentive Compensation. Executive shall be eligible to
participate in such bonus and incentive compensation plans of the Corporation,
if any, in which other executives of the Corporation are generally eligible to
participate, as the Board or a committee thereof shall determine from
time-to-time in its sole discretion, subject to and in accordance with the terms
and provisions of such plans. Specifically , Executive shall be entitled to a
bonus equal to 50%-75% of Executive's Base Salary upon the achievement of the
operating goals established by the Board of Directors. Schedule A attached
hereto (as such may be revised by mutual agreement of the Executive and the
Board of Directors within 90 days hereof) sets forth the operating goals for the
first year of employment.

         (c)      Employee Benefit Programs. Executive shall be eligible to
participate in the employee benefit programs (subject to their respective terms)
now provided or as may hereinafter be provided by the Corporation to its
executives. Current benefit programs include:

                  -        Group Health Insurance

                  -        Corporation Paid Life Insurance (two times
                           Executive's annual salary)

                  -        Supplemental and Dependent Life Insurance

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                  -        Serologicals, Inc.'s Employees' Retirement Plan -
                           401(k)

                  -        Short-term Disability Insurance

                  -        Long-term Disability Insurance

                  -        Flexible Spending Account (Medical and Dependent
                           Care)

                  -        Serologicals Corporation's Employee Stock Purchase
                           Plan

                  -        Director's and Officer's Liability Insurance

                  The Corporation shall reimburse Executive for the costs of
comparable disability insurance for the initial period of employment that
disability insurance is not available to the Executive under the Corporation's
disability insurance plan.

         (d)      Stock Options. Executive is hereby granted employee stock
options to purchase 225,000 shares of the Corporation's $.01 par value common
stock ("Common Stock") at the initial exercise price which shall be the fair
market value of such stock on the date of grant ("Options"). In addition, upon
approval by the Corporation's stockholders of an amendment to the Corporation's
Second Amended and Restated Omnibus Incentive Plan allowing grants in any fiscal
year to one person of 450,000 or more, the Corporation shall grant to Executive
employee stock options to purchase 225,000 shares of Common Stock at an initial
exercise price equal to the fair market value of such stock on the date of grant
(the "Additional Options"). The Options and the Additional Options shall have a
term of six (6) years from the date of the respective grant date. The Options
and the Additional Options shall vest at the rate of twenty-five (25) percent
per anniversary date of the Effective Date. Executive shall have the right to
exercise any vested Options and any vested Additional Options at any time during
his employment and/or within ninety (90) days after the termination of
Executive's employment with the Corporation other than for Cause (as defined
below). The Options and the Additional Options shall be issued pursuant to a
stock option agreement entered into by Executive and the Corporation and shall
be subject to all the other terms and conditions contained in the Corporation's
Omnibus Incentive Plan, the provisions of which shall be determined in the sole
discretion of the Board of Directors or a committee thereof.

         (e)      Reimbursement of Expenses. It is contemplated that in
connection with Executive's Employment hereunder, Executive may be required to
incur business, entertainment and travel expenses. The Corporation agrees to
promptly reimburse Executive in full for all reasonable out-of-pocket business,
entertainment and other related expenses (including all expenses of travel and
living expenses while away from home on business or at the request of, and in
service of, the Corporation) incurred or expended by Executive incident to the
performance of Executive's duties hereunder; provided, that Executive properly
accounts for such expenses in accordance with the policies and procedures
established by the Board and applicable to the executives of the Corporation.

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         (f)      Paid Time Off. Executive shall be entitled, in each calendar
year of Executive's employment, to the number of paid vacation days determined
by the corporation from time-to-time to be appropriate for its executives, but
in no event less than four (4) weeks in any such year during Executive's
Employment (pro-rated, as necessary, for partial calendar years during
Executive's Employment). Executive may take Executive's allotted vacation days
at such times as are mutually convenient for the Corporation and Executive,
consistent with the Corporation's vacation policy in effect with respect to its
executives. Executive shall also be entitled to forty (40) hours of
family/medical paid time off and forty (40) hours of sick leave per calendar
year (pro-rated, as necessary, for partial calendar years during Executive's
Employment). Executive shall also be entitled to all paid holidays given by the
Corporation to it executives.

         (1)      Automobile. During the Term, the Corporation shall reimburse
the Executive the cost of leasing a new full-size automobile with a cost not to
exceed $1,100 per calendar month. Such cost shall include costs and expenses for
the operation and maintenance and insurance costs of the Executive's automobile.

SECTION 3.        TERMINATION.

         (a)      Disability of the Executive. In the event of Executive's
incapacity or inability to perform Executive's services as contemplated herein
for an aggregate of ninety (90) days during any twelve (12) month period due to
the fact that Executive's physical or mental health shall have become impaired
so as to make it impossible for Executive to perform the duties and
responsibilities contemplated for Executive hereunder, the Corporation shall
have the right to declare, upon two (2) weeks prior written notice rendered to
Executive, a disability termination, whereupon Executive shall receive (if
Executive is entitled thereto) the short and/or long-term disability benefits
provided by the Corporation. In the event Executive has commenced receiving
benefits under the Corporation's disability plans, until termination of
Executive's employment under Section 3(a), the Corporation shall not be
obligated to pay to Executive with regard to Base Salary an amount greater than
the difference between Executive's Base Salary then in effect and any such
disability benefits Executive is then receiving.

         (2)      Death of the Executive. In the event Executive dies during
Executive's employment hereunder, Executive's employment shall automatically
terminate without notice on the date of Executive's death, except that
Executive's estate shall receive the death benefits, if any, provided by the
Corporation.

         (3)      Termination by the Corporation for Cause. Nothing herein shall
prevent the Corporation from terminating Executive's employment for Cause (as
defined below). From and after the date of such termination, Executive shall no
longer be entitled to receive the Base Salary or any other compensation which
would have otherwise been due and all Options and Additional Options shall
terminate immediately. Any rights and benefits that Executive after his
termination by the Corporation for Cause may have in respect to any other
compensation or any employee benefit plans

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or programs of the Corporation shall be determined in accordance with the terms
of such other compensation arrangements, plans or programs, and in any event,
Executive shall have no rights or benefits under any arrangement, plan or
program unless such arrangement, plan or program is in writing and Executive is
a participant in such arrangement, plan or program. The term "for Cause", as
used herein, shall mean (i) the Executive's willful misconduct, gross negligence
or dishonesty in the performance of his duties on behalf of the Corporation,
(ii) the willful neglect, failure or refusal of the Executive to carry out any
reasonable request of the Board of Directors of the Corporation consistent with
the obligations of Executive contemplated hereunder, (iii) the material breach
of any provision of this letter by the Executive or (iv) the entering of a plea
of guilty or nolo contendere to, or the Executive's conviction of, a felony or
other crime involving moral turpitude, dishonesty, theft or unethical business
conduct. Termination of employment pursuant to this Section 3(c) shall be made
to the Executive by, and be effective upon, written notice from the Board of
Directors; provided, that in the case of clauses (ii) and (iii) in the preceding
sentence, Executive shall be given fifteen (15) days' prior written notice, and
an opportunity to cure during such period; provided, further, that the
Corporation shall not be required to give more than one such notice.

         (4)      All Other Terminations by the Company. Notwithstanding the
foregoing, the Corporation may terminate Executive's employment at any time. If
Executive's employment is terminated for any reason other than "for Cause",
death or disability, including, but not limited to, resignation at the request
of the Board of Directors, Executive shall continue to receive Executive's
current Base Salary and benefits for a period of one (1) year from the date of
such termination.

         (5)      Membership on Board of Directors. Upon any termination of the
Executive's employment hereunder for any reason, the Executive agrees to resign
from the Board of Directors of the Corporation and all other offices and Board
memberships of the Corporation and its subsidiaries and affiliates upon request.

SECTION 4.        NONDISCLOSURE. Executive acknowledges and agrees that, during
Executive's employment by the Corporation hereunder, Executive has or will come
to have knowledge and information with respect to trade secrets or confidential
or secret plans, projects, materials, business methods, operations, techniques,
customers, employees, donors, products, processes, financial conditions,
policies and accounts of the Corporation with respect to the business of the
Corporation ("Confidential Information.") Executive agrees that Executive will
not at any time divulge, furnish or make accessible to anyone (other than in the
regular course of Executive's performance of services for the benefit of the
Corporation, its successors or assigns) any Confidential Information.
Notwithstanding the foregoing, Confidential Information shall not include any
information which (i) is known generally to the public (other than as a result
of unauthorized disclosure by Executive), (ii) was available to Executive on a
nonconfidential basis prior to its disclosure to Executive by the Corporation or
(iii) is required to be disclosed pursuant to the valid order of a governmental
agency or a judicial court of competent jurisdiction, in which case Executive
shall give prompt written notice to the Corporation of such requirement so that
the Corporation may take such action as it deems appropriate.

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SECTION 5.        NON-COMPETE AND NON-SOLICITATION. As a material inducement to
the Corporation to enter into this Agreement, Executive agrees that at all times
during Executive's Employment and for a period of twelve (12) months after the
termination of Executive's Employment, Executive will not (i) act as a chief
executive officer, president or the functional equivalent thereof for any
Competing Business or serve in a capacity in any such Competing Business that
would entail his creating or approving that business' strategic planning,
including but not limited to acquisition, joint venture, marketing, financial
and operational planning, or (ii) in any way, directly or indirectly through any
means, including a business entity in which the Executive has an ownership,
consultant, or employment interest or relationship, solicit, divert, or take
away or attempt to solicit, divert, or take away customers of, the business of,
or any of the donors of, the Corporation that dealt with the Corporation during
Executive's Employment. Competing Business means another business engaged in the
business(es) described in the Corporation's then current publicly filed
documents at the time of termination and the business(es) specifically
acknowledged in a separate writing by Executive and the Corporation as conducted
by the Corporation.

Executive agrees that during Executive's Employment and for a period of twelve
(12) months after the termination for any reason of Executive's Employment,
Executive will not in a geographic area in which the Corporation was conducting
business during the term of Executive's Employment or at the date of termination
thereof, directly, or indirectly through any means, including a business entity
in which Executive has an ownership, consultant or employment interest or
relationship, (i) solicit for employment any person who was employed by the
Corporation or its affiliates during Executive's employment with the Company or
(ii) request or induce any donor to the Corporation or its affiliates to
terminate their relationship with the Corporation or its affiliates and enter
into a similar relationship with another business entity.

SECTION 6.        EXECUTIVE CREATIONS AND IDEAS.

         (a)      Executive will maintain current and adequate written records
on the development of, and disclose to the Corporation all Creations (as herein
defined). "Creations" shall mean all ideas, potential marketing and sales
relationships, inventions, copyrightable expression, research, plans for
products or services, marketing plans, reports, strategies, processes, computer
software (including, without limitation, source code), computer programs,
original works of authorship, characters, know-how, trade secrets, information,
data, developments, discoveries, improvements, modifications, technology,
algorithms, database schema, designs, and drawings, whether or not subject to
patent or copyright protection, made, conceived, expressed, developed, or
actually or constructively reduced to practice by the Executive solely or
jointly with others during the Term, which refer to, are suggested by, or result
from any work which the Executive may perform during his employment, or from any
information obtained from the Corporation or any affiliate of the Corporation.
'Creations,' however, shall not include the general business planning concepts,
strategies or processes, including, but not limited to, those utilized by
Executive in any prior employment.

         (b)      The Creations shall be the exclusive property of the
Corporation, and the Executive acknowledges that all of said Creations shall be
considered as "work made for hire" belonging to the

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Corporation. To the extent that any such Creations, under applicable law, may
not be considered work made for hire by the Executive for the Corporation, the
Executive hereby agrees to assign and, upon its creation, automatically and
irrevocably assigns to the Corporation, without any further consideration, all
right, title and interest in and to such materials, including, without
limitation, any copyright, other intellectual property rights, moral rights, all
contract and licensing rights, and all claims and causes of action of any kind
with respect to such materials. The Corporation shall have the exclusive right
to use the Creations, whether original or derivative, for all purposes without
additional compensation to the Executive. At the Corporation's expense, the
Executive will reasonably assist the Corporation in every reasonably proper way
to perfect the Corporation's rights in the Creations and to protect the
Creations throughout the world, including, without limitation, executing in
favor of the Corporation or any designee(s) of the Corporation patent,
copyright, and other applications and assignments relating to the Creations.

         (c)      Should the Corporation be unable to secure the Executive's
signature on any document necessary to apply for, prosecute, obtain, or enforce
any patent, copyright, or other right or protection relating to any Creation,
whether due to the Executive's mental or physical incapacity or any other cause,
the Executive hereby irrevocably designates and appoints the Corporation and
each of its duly authorized officers and agents as the Executive's agent and
attorney in fact, to act for and in the Executive's behalf and stead and to
execute and file any such document, and to do all other lawfully permitted acts
to further the prosecution, issuance, and enforcement of patents, copyrights, or
other rights or protections with the same force and effect as if executed and
delivered by the Executive.

         (d)      Because of the difficulty of establishing when any idea,
process or invention is first conceived or developed by the Executive, or
whether it results from access to Confidential Information or the Corporation's
equipment, supplies, facilities, and data (collectively, "Corporation
Information"), the Executive agrees that any idea, invention, research, plan for
products or services, marketing plan, computer software (including, without
limitation, source code), computer program, original work of authorship,
character, know-how, trade secret, information, data, developments, discoveries,
technology, algorithm, design, patent or copyright, or any improvement, rights,
or claims (an "Idea") related to the foregoing, which refer to, are suggested
by, or result from any work which the Executive performed during his employment
with the Corporation or from any Corporation Information, shall be presumed to
be a Creation if it is conceived, developed, used, sold, exploited or reduced to
practice by the Executive or with the aid of the Executive within one (1) year
after termination of employment. This paragraph, however, shall not apply to
anything that is specifically excepted from the definition of "Creations" in the
last sentence of Section 7(a). The Executive can rebut the above presumption if
he proves that the idea, process or invention (a) was first conceived or
developed after termination of employment, (b) was conceived or developed
entirely on the Executive's own time without using any Corporation Information,
and (c) did not result from any work performed by the Executive for the
Corporation.

SECTION 7.        CORPORATION RESOURCES.

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         Executive may not use any of the Corporation's equipment for personal
purposes without written permission from the Corporation. The Executive may not
give access to the Corporation's offices or files to any person not in the
employ of the Corporation without written permission of the Corporation.

SECTION 8.        INJUNCTIVE RELIEF.

         Executive understands and agrees that the Corporation will suffer
irreparable harm in the event that the Executive breaches any of the Executive's
obligations under Sections 5, 6 or 7 hereof and that monetary damages will be
inadequate to compensate the Corporation for such breach. Accordingly, the
Executive agrees that, in the event of a breach or threatened breach by the
Executive of any of the provisions of Sections 5, 6 or 7 hereof, the Corporation
shall be entitled, in addition to any and all remedies of at law (including
rights the Corporation may have to damages), to appropriate injunctive relief,
in addition to any other in addition to any other rights, remedies or damages
available to the Corporation at law or in equity.

SECTION 9.        SEVERABILITY.

         In the event any of the provisions of this Agreement shall be held by a
court or other tribunal of competent jurisdiction to be unenforceable, the other
provisions of this Agreement shall remain in full force and effect.

SECTION 10.       SURVIVAL.

         Sections 4 through 14 shall survive the termination of this Agreement
for any reason, unless any of these sections have been held to be unenforceable
or improper by any court or arbitral forum with jurisdiction over the dispute.

SECTION 11.       REPRESENTATIONS, WARRANTIES, AND COVENANTS.

         Executive represents, warrants, and covenants that the Executive's
performance of all the terms of this Agreement and any services to be rendered
as an employee of the Corporation do not and will not breach any fiduciary or
other duty or any covenant, agreement or understanding (including, without
limitation, any agreement relating to any proprietary information, knowledge or
data acquired by the Executive in confidence, trust or otherwise prior to the
Executive's employment by the Corporation) to which the Executive is a party or
by the terms of which the Executive may be bound. The Executive covenants and
agrees that the Executive will not disclose to the Corporation, or induce the
Corporation to use, any such proprietary information, knowledge or data
belonging to any previous employer or others. The Executive further covenants
and agrees not to enter into any agreement or understanding, either written or
oral, in conflict with the provisions of this Agreement.

SECTION 12.       GOVERNING LAW.

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         The validity, interpretation, enforceability, and performance of this
Agreement shall be governed by and construed in accordance with the laws of the
State of Georgia without giving effect to its conflict of law rules. Each party
hereby irrevocably submits to the jurisdiction of any Georgia or federal court
sitting in the County of Fulton in the State of Georgia in any action or
proceeding arising out of or relating to this Agreement, and each party hereby
irrevocably waives the defenses of improper venue or an inconvenient forum for
the maintenance of any such action or proceeding to the fullest extent permitted
by law.

SECTION 13.       GENERAL.

         This Agreement supersedes and replaces any existing agreement between
the Executive and the Corporation relating generally to the same subject matter,
and may be modified only in a writing signed by the parties hereto. Failure to
enforce any provision of the Agreement shall not constitute a waiver of any term
herein. The Executive agrees that he will not assign, transfer, or otherwise
dispose of, whether voluntarily or involuntarily, or by operation of law, any
rights or obligations under this Agreement. Any purported assignment, transfer,
or disposition shall be null and void. Nothing in this Agreement shall prevent
the consolidation of the Corporation with, or its merger into, any other
corporation, or the sale by the Corporation of all or substantially all of its
properties or assets, or the assignment by the Corporation of this Agreement and
the performance of its obligations hereunder. Subject to the foregoing, this
Agreement shall be binding upon and shall inure to the benefit of the parties
and their respective heirs, legal representatives, successors, and permitted
assigns, and shall not benefit any person or entity other than those enumerated
above.

SECTION 14.       EXECUTIVE ACKNOWLEDGMENT.

         Executive acknowledges (a) that he has consulted with or has had the
opportunity to consult with independent counsel of his own choice concerning
this Agreement and has been advised to do so by the Corporation, and (b) that he
has read and understands the Agreement, is fully aware of its legal effect, and
has entered into it freely based on his own judgment.

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AGREED TO BY:

                                    SEROLOGICALS CORPORATION

/s/ David A. Dodd                   /s/ Lawrence E. Tilton

David Dodd                          Name:
                                    Title:  Chairman, Compensation Committee<PAGE>   1
                                                                  Exhibit 10.216

                              EMPLOYMENT AGREEMENT

         This EMPLOYMENT AGREEMENT (this "AGREEMENT") is dated as of June 30,
2000, by and between Paxson Communications Management Company, Inc., a Florida
corporation ("PAXSON"), and Thomas E. Severson, Jr., an individual resident of
the State of Maryland ("EMPLOYEE").

                                    RECITALS

         A. Paxson, a wholly owned subsidiary of Paxson Communications
Corporation ("PCC"), has been formed to provide managerial and administrative
services to the various businesses operated by PCC and its subsidiaries and
affiliates (collectively, the "PAXSON GROUP"), including the PAX Net network,
any other programming networks and various television stations owned or
otherwise held, operated or programmed by the Paxson Group.

         B. Paxson desires to employ Employee to perform executive and
administrative duties for the Paxson Group while holding the "TITLED POSITION"
set forth in Schedule I annexed hereto.

         C. Employee wishes to enter into this Agreement and to be employed by
Paxson as the Titled Position for the Paxson Group and to provide services to
Paxson on the terms and conditions set forth in this Agreement.

                                   AGREEMENTS

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained in this Agreement, the parties intending to be bound legally, hereby
agree as follows:

SECTION 1 EMPLOYMENT

         1.1 TERM OF EMPLOYMENT. The term of this Agreement (the "Agreement
Term") shall be deemed to have commenced as of the "COMMENCEMENT DATE" set forth
in Schedule I hereof, and shall continue until the fourth (4th) anniversary of
the Commencement Date, unless terminated sooner in accordance with this
Agreement.

         1.2 DUTIES. Employee acknowledges, agrees and accepts employment by
Paxson in the Titled Position for the Paxson Group and in such capacity Employee
shall be responsible for the performance of the duties of the Titled Position
and for such other executive and administrative duties as may be designated from
time to time by the Responsible Officer or the Chairman of PCC. Employee shall
be provided by Paxson suitable office space for Employee in the "EMPLOYMENT
LOCATION", as identified on Schedule I annexed hereto, together with all
reasonable support staff and secretarial assistance, equipment, stationary,
books and supplies, as determined by the Responsible Officer. Employee shall use
Employee's best efforts during the term of employment hereunder to further,
enhance and develop the business of PCC, the Paxson Group and any networks or
stations it may own or operate. Subject to the direction of the "RESPONSIBLE
OFFICER", as identified in Schedule I annexed hereto, Employee shall perform
such duties as set forth in Schedule I annexed hereto under "EMPLOYMENT DUTIES."
Except as expressly modified herein, Employee shall be subject to all of the
Paxson Group's policies including payola, plugola and conflicts of interest, as
well as the following:

                  (a) Employee will comply with all Paxson Group and
         professional standards governing Employee's objectivity in the
         performance of Employee's duties, including restrictions on outside
         activities, investments, business interests, or other involvements
         which could compromise Employee's objectivity or create an impression
         of conflict of interest. Employee will not knowingly, without the prior
         approval of Employee's Responsible Officer on behalf of Paxson, accept
         any gift, compensation, or gratuity (which excludes business meals and
         entertainment received by Employee in the ordinary course of business)
         from any person or entity with which the Paxson Group or any of its
         broadcast properties is or may be in competition or in any

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         instance where there is a stated or implied expectation of favorable
         treatment of that person or entity. Employee will not, without the
         prior written approval of Employee's Responsible Officer, take
         advantage of any business opportunity or situation or engage in any
         enterprise or venture of which the Paxson Group may have an interest on
         his or her own behalf, if said business opportunity or situation,
         enterprise or venture is related in any way to or is similar to the
         business of the Paxson Group.

                  (b) In performing the Employment Duties under this Agreement,
         Employee shall conduct himself with due regard to social conventions,
         public morals and standards of decency, and will not cause or permit
         any situation or occurrence which would tend to degrade, scandalize,
         bring into public disrepute, or otherwise lower the community standing
         of Employee, or Paxson's public image.

         1.3 ACTIVITIES. Employee shall, except during vacation periods, periods
of illness, and leaves of absence approved by Paxson, devote full and undivided
business time, attention and energies to the duties and responsibilities
required by Paxson, as directed by the Responsible Officer. During the Agreement
Term, Employee shall not engage in any other business activity which would
conflict with Employee's duties without the prior written approval of Employee's
Responsible Officer on behalf of Paxson, which shall not be unreasonably
withheld; PROVIDED, HOWEVER, that Paxson may withhold its consent to any
business activity by Employee that Paxson determines would directly interfere,
impair or hinder in any way Employee's ability to perform or otherwise satisfy
Employee's responsibilities and duties from time to time in effect, as the
holder of the Titled Position of the Paxson Group or otherwise, under this
Agreement.

         1.4 DELEGATION OF DUTIES. Employee may not delegate the performance of
any of Employee's obligations or duties under this Agreement, or assign any of
Employee's rights under this Agreement, without the prior written consent of
Paxson, except that Employee may delegate duties to other employees of Paxson
where reasonable and customary in the ordinary course of Paxson's business and
consistent with the performance of the Titled Position.

SECTION 2 COMPENSATION AND BENEFITS

         Beginning on the Commencement Date, Employee shall be compensated for
the performance of the Employment Duties performed under the terms hereof as
follows:

         2.1 BASE SALARY AND ANNUAL CASH BONUS. As compensation for the services
performed by Employee hereunder, Employee shall receive a Base Salary and Annual
Cash Bonus, as follows:

                  (a) BASE SALARY. Paxson and Employee acknowledge and agree
         that Employee's Base Salary for each of the Employment Years hereof
         shall be the per year amount set forth in Schedule I hereof. For
         purposes of this Agreement, "EMPLOYMENT YEAR" means a calendar year
         ended June 30. For each of the third and fourth Employment Years during
         the term hereof, Employee's Base Salary shall be increased by an amount
         determined by the Compensation Committee of the Board of Directors;
         provided, in no event shall Employee's Base Salary during any
         successive Employment Year during the term hereof be less than
         Employee's Base Salary in effect for the immediately preceding
         Employment Year.

                  (b) ANNUAL CASH BONUS. Employee shall be entitled to an annual
         cash bonus, based upon and subject to Paxson Group performance, in the
         amount payable and as described in Schedule I annexed hereto.

                  (c) MANNER OF PAYMENT. Employee's Base Salary shall be paid,
         at Paxson's option, either (i) in equal bi-monthly installments, or
         (ii) in accordance with the customary payroll policies of Paxson with
         respect to its management employees.

                                       2
<PAGE>   3

2.2 OTHER CASH AND NON-CASH COMPENSATION.

                  (a) In addition to Employee's Base Salary, Employee may, as
         determined from time to time, in the sole discretion of Paxson, be
         eligible to receive or participate in cash and non-cash compensation
         programs, including, without limitation, annual and special cash and
         non-cash bonus awards, grants of stock options, restricted stock,
         "phantom-equity" and stock appreciation rights (collectively, "NON-CASH
         COMPENSATION"). Employee's rights in respect of any Non-Cash
         Compensation shall be governed under the terms of a separate document
         or documents, if any Non-Cash Compensation is to be awarded to
         Employee. Except as provided in the subsection 2(b) hereof, under no
         circumstance should this provision be deemed to constitute any express
         or implied right, entitlement or interest of Employee to be awarded or
         participate in, or obligation, agreement or requirement of Paxson, to
         award, provide or offer to Employee, any form of Non-Cash Compensation,
         all of which rights, entitlements, interests, obligations, agreements
         or understandings are hereby expressly disclaimed.

                  (b) Employee shall be granted options to acquire shares of
         Paxson Communications Corporation Class A Common Stock in the amount
         and on the terms and conditions set forth in Schedule I annexed hereto.

         2.3 BUSINESS EXPENSES AND MOVING EXPENSES. Upon proper substantiation
and documentation by Employee, Paxson shall reimburse Employee promptly for all
reasonable travel, entertainment and other similar business expenses incurred by
Employee in the performance of Employee's duties under this Agreement.
Reimbursement of expenses will be made in accordance with applicable policies of
Paxson. All extraordinary disbursements and expenditures by Employee, and any
disbursements and expenditures that are not provided for in any budget
established by Paxson, must be approved in advance by Paxson. Upon proper
substantiation and documentation by Employee, Paxson shall also reimburse
Employee promptly (or advance to Employee, as reasonably necessary) moving costs
and expenses as set forth in Schedule I annexed hereto.

         2.4 VACATION. Employee shall be entitled to a minimum of four weeks of
paid vacation during each Employment Year, in addition to personal time off in
accordance with Paxson's employee handbook as in effect from time to time.

         2.5 BENEFITS. The compensation specified above shall be exclusive of
and in addition to any benefits that may be available to Employee under any
employee pension plan, group life insurance plan, hospitalization plan, medical
service plan, death benefit plan, or any other employee benefit plan applicable
generally to the employees of Paxson, in accordance with their respective
positions, and which may be in effect at any time or from time to time during
the term of Employee's employment. Employee shall be entitled to participate in
the Supplemental Executive Retirement Plan, as and to the extent made available
to other members of senior management.

         2.6 SIGNING BONUS. Paxson shall pay to employee a one time cash bonus
equal to $40,000, less any amount withheld pursuant to Section 2.7 hereof,
within 30 days after the Commencement Date.

         2.7 WITHHOLDING. Paxson shall be responsible for withholding from
Employee's compensation FICA, FUTA and other payroll and income taxes, as
required by law and such other amounts as may be directed by Employee.

SECTION 3 TERMINATION OF EMPLOYMENT; PAYMENTS UPON TERMINATION

         3.1 EVENTS. Employee's employment shall terminate on the earliest of
the following dates:

                  (a) DEATH. The date of Employee's death.

                                       3
<PAGE>   4

                  (b) DISABILITY. The date Employee is terminated due to
         Disability. "DISABILITY" means that, in the opinion of the Company's
         physicians, Employee is unable by reason of illness or accident to
         perform the essential functions of the Employment Duties for a period
         of more than 180 consecutive days.

                  (c) PAXSON TERMINATION WITHOUT CAUSE. The date Employee is
         terminated by Paxson pursuant to a Paxson Termination Without Cause. A
         "PAXSON TERMINATION WITHOUT CAUSE" means any termination of Employee by
         Paxson for any reason, other than for Disability pursuant to Subsection
         3.1(b) or a Paxson Termination for Cause pursuant to any clause of
         Subsection 3.1(d) prior to a Change of Control, or clauses (i), (iii),
         (iv), or (vi) of Subsection 3.1(d) within one year after a Change of
         Control.

         For purposes of this Agreement, a "CHANGE OF CONTROL" will occur if (a)
none of Lowell W. Paxson, his estate, his wife, his lineal descendants, or any
trust created for the sole benefit of any one or more of them during their
lifetimes, or any combination of any of the foregoing, shall (i) own, directly
or indirectly, at least thirty-five percent of the issued and outstanding
capital stock of PCC, or (ii) have voting control directly or indirectly, equal
to at least 51 percent of the issued and outstanding capital stock of PCC
entitled to vote in the election of the Board of Directors of PCC; (b) the
approval by the shareholders of PCC of a reorganization, merger, or
consolidation, in each case, with respect to which persons who were shareholders
of PCC immediately prior to this reorganization, merger or consolidation do not,
immediately thereafter, own more than 50 percent of the combined voting power
entitled to vote generally in the election of directors of the reorganized,
merged or consolidated company's (or any successor entity's) then outstanding
securities; or (c) a liquidation or dissolution of PCC or of the sale of all or
at least 80 percent of PCC's assets.

                  (d) PAXSON TERMINATION FOR CAUSE. The date Employee is
         terminated by Paxson pursuant to a Paxson Termination for Cause. A
         "PAXSON TERMINATION FOR CAUSE" means a termination of Employee by
         Paxson resulting from any of the following:

                           (i) Employee's arrest for the commission of (A) a
                  felony, (B) two (2) offenses for operating a motor vehicle
                  while impaired by or under the influence of alcohol or illegal
                  drugs, (C) any criminal act with respect to Employee's
                  employment (including any criminal act involving a violation
                  of the Communications Act of 1934, as amended, or regulations
                  promulgated by the Federal Communications Commission), or (D)
                  any act that materially threatens to result in suspension,
                  revocation, or adverse modification of any FCC license of any
                  broadcast station owned by any affiliate of Paxson or would
                  subject any such broadcast station to fine or forfeiture;

                           (ii) Employee's wilfully taking of any action or
                  inaction the intended or reasonably foreseeable result of
                  which would cause Paxson or any Station to be in default under
                  any material contract, lease or other agreement;

                           (iii) Employee's dependence on alcohol or illegal
                  drugs;

                           (iv) Refusal to perform according to or follow the
                  legal policies and directives of the Responsible Officer and
                  failing to cure such failure as soon as practicable and in any
                  event within 30 days from receipt of written notice setting
                  forth the specifics of such unsatisfactory performance;

                           (v) Conduct which could be reasonably inferred to
                  detract from the public image of the Paxson Group and failing
                  to cease such conduct or commence to take reasonable curative
                  action with respect thereto requested by the Company or both,
                  as soon as

                                       4
<PAGE>   5

                  practicable and in any event within 30 days from receipt of
                  written notice setting forth the specifics of such conduct;

                           (vi) Employee's misappropriation, conversion or
                  embezzlement of the assets of Paxson or any affiliate of
                  Paxson;

                           (vii) A material breach of this Agreement by Employee
                  and failing to cure such breach as soon as practicable and in
                  any event within 30 days from receipt of written notice
                  setting forth the specifics of such breach; or

                           (viii) Any representation of Employee in Section 7 of
                  this Agreement being false when made.

                  (e) EMPLOYEE'S VOLUNTARY RESIGNATION. The date of Employee's
         Voluntary Resignation. A "VOLUNTARY RESIGNATION" means any resignation
         by Employee other than Employee's Termination for Cause, as set forth
         in Subsection 3(f), below.

                  (f) EMPLOYEE'S TERMINATION FOR CAUSE. The date of Employee's
         Termination for Cause. "EMPLOYEE'S TERMINATION FOR CAUSE" means the
         termination of employment by Employee as a result of the occurrence of
         any of the following events:

                           (i) Paxson elects to change the place of employment
                  to a location not in Palm Beach County, Florida;

                           (ii) Paxson fails to remedy a breach of this
                  Agreement after thirty (30) days' written notice from
                  Employee, setting forth the specifics of such breach; or

                           (iii) Paxson makes any material, adverse change in
                  Employee's position, duties, or responsibilities.

         3.2 PAYMENTS UPON TERMINATION. Following the termination of Employee's
employment pursuant to this Section 3, Paxson shall have no further liability to
Employee, and no further payment shall be made to Employee, except to the extent
expressly provided for in this Subsection, as follows:

                  (a) TERMINATION COMPENSATION FOR DEATH, DISABILITY, PAXSON
         TERMINATION WITHOUT CAUSE OR EMPLOYEE'S TERMINATION FOR CAUSE. If
         Employee's employment is terminated as a result of Death, Disability,
         Paxson Termination Without Cause, or Employee's Termination for Cause,
         under Subsections 3.1(a), (b), (c) or (f), respectively, within thirty
         (30) days of termination, Employee (or, in the case of a termination as
         a result of the death of Employee, the appropriate representative of
         Employee's estate) will be paid the following:

                           (i) Employee will continue to receive the Employee's
                  Base Salary then in effect for a period equal to the lesser
                  (i) twelve (12) months and (ii) the remaining months under the
                  term of this Agreement;

                           (ii) A lump sum equal to the unpaid portion of any
                  previously awarded bonus;

                           (iii) Employee's bonus for the fiscal year in which
                  the termination occurs, prorated, if necessary, according to
                  the formula set forth in Schedule I, which bonus shall be
                  payable in full if and when bonus awards for such fiscal year
                  commence to be made to other members of senior management;

                           (iv) Without duplication of any of the foregoing, all
                  base salary, expenses and other payments or cash benefits due
                  to Employee through Employee's termination date; and

                                       5
<PAGE>   6

                           (v) An amount in cash equivalent to the accrued but
                  unused vacation and personal time of Employee through the
                  termination date.

         In addition, Employee shall also be entitled to any benefits for which
         Employee qualifies under any employee benefit plan available to
         Employee (including, but not limited to any disability insurance, life
         insurance and death benefits of the type described in Section 2.5).
         Employee shall also be entitled to all rights to continuation or
         conversion of benefits required by law to be offered to a departing
         employee.

                  (b) TERMINATION COMPENSATION FOR PAXSON TERMINATION FOR CAUSE
         OR EMPLOYEE'S VOLUNTARY RESIGNATION. If Employee's employment is
         terminated as a result of a Paxson Termination for Cause or Employee's
         Voluntary Resignation, under Subsections 3.1(d), or (e), respectively,
         within thirty (30) days of termination, Employee will be paid the
         following:

                           (i) A lump sum equal to the unpaid portion of any
                  previously awarded bonus;

                           (ii) All base salary, expenses and other payments or
                  cash benefits due to Employee through Employee's termination
                  date; and

                           (iii) An amount in cash equivalent to the accrued but
                  unused vacation and personal time of Employee through the
                  termination date.

         In addition, Employee shall also be entitled to any benefits for which
         Employee qualifies under any employee benefit plan available to
         Employee. Employee shall also be entitled to all rights to continuation
         or conversion of benefits required by law to be offered to a departing
         employee.

         3.3 NOTICES OF TERMINATION; EFFECTIVE DATE OF TERMINATION. For all
terminations except in the case of Death, either Employee or Paxson, as the case
may be, shall give written notice of termination to the other. In the case of
any termination, other than a Paxson Termination for Cause, such notice shall be
effective not less than thirty (30) days after the date on which it is received
by the other party. Notice of a Paxson Termination for Cause may be effective
immediately.

SECTION 4 INTANGIBLES

         4.1 MEMORANDA, NOTES AND RECORDS. All memoranda, notes, names and
address lists, records or other documents made or compiled by Employee or made
available to Employee during the term of employment concerning the business of
any member of the Paxson Group and any and all copies thereof shall be delivered
to Paxson upon the termination of Employee's employment for whatever reason or
at any other time upon request. Employee shall not at any time during Employee's
employment, or after the termination of employment, use for Employee's own
benefit or for the benefit of others, or divulge to others, any information,
trade secrets, knowledge, or data of a secret or confidential nature or
otherwise not readily available to members of the general public that concerns
the business or affairs of any member of the Paxson Group and whether or not
acquired by the Employee during the term of employment by Paxson.

         4.2 RIGHTS IN INTANGIBLE ASSETS. Employee recognizes and acknowledges
that all rights in the formats, programming, concepts, approaches, copy and
titles embodied in the operation of the Paxson Group or any particular station
or the PAX Net network or any other broadcast network, and all changes,
additions and amendments thereto which may occur during or after the Term
hereof, belong exclusively to Paxson. Employee hereby assigns any and all rights
or interests Employee may have therein to Paxson. Employee shall not at any time
during Employee's employment, or after the termination of

                                       6
<PAGE>   7

employment, have or claim any right, title or interest in any trade name,
patent, trademark, copyright or other similar rights belonging to or used by
Paxson and shall not have or claim any right, title or interest in any material
or matter of any sort prepared for or used in connection with the business or
promotion of Paxson, whether produced, prepared or published in whole or in part
by Employee or by Paxson.

SECTION 5 NONINTERFERENCE AND CONFIDENTIALITY

         5.1 NONINTERFERENCE. Employee agrees that from the date of this
Agreement through the first anniversary of the date Employee's employment with
the Paxson Group terminates, Employee will not, directly or indirectly, whether
as sole proprietor, partner, lessor, venturer, stockholder, director, officer,
employee, consultant or in any other capacity as principal or agent or through
any person, subsidiary, affiliate or employee acting as nominee or agent, engage
or participate in any of the following actions:

                  (a) Influencing or attempting to influence any person or
         entity who is a contracting party with any member of the Paxson Group
         to terminate any written or oral agreement with such member of the
         Paxson Group; it being understood that notwithstanding the foregoing,
         consulting or working for a competitor in the ordinary course after the
         term shall not, absent other evidence or action on the part of Employee
         to the contrary, constitute a violation of this provision; or

                  (b) Hiring or attempting to hire for employment or as an
         independent contractor any person who is actively employed (or in the
         preceding six months was actively employed) by any member of the Paxson
         Group or attempting to influence any such person to terminate
         employment with any member of the Paxson Group.

         5.2 CONFIDENTIALITY. Employee covenants and agrees that both during the
Agreement Term and thereafter he will not disclose to any third party or use in
any way any confidential information, business secrets, or business opportunity
of the Paxson Group, including, without limitation, advertiser lists, rate
cards, programming information, programming plans, marketing, advertising and
promotional ideas and strategies, marketing surveys and analyses, ratings
reports, budgets, research, or financial, purchasing, planning, employment or
personnel data and information. Immediately upon termination of Employee's
employment with the Paxson Group for any reason, or at any other time upon the
Paxson Group's request, Employee will return to the Paxson Group all memoranda,
notes, records or other documents compiled by Employee or made available to
Employee during the Agreement Term concerning the business of the Paxson Group,
all other confidential information and all personal property of the Paxson
Group, including, without limitation, all files, audio or video tapes,
recordings, records, documents, drawings, specifications, lists, equipment,
supplies, promotional material, scripts, keys, phone or credit cards and similar
items and all copies thereof or extracts therefrom.

         5.3 ENFORCEMENT. Employee agrees that the restrictive covenants
contained in this section 5 are a material part of Employee's obligations under
this Agreement for which the Paxson Group has agreed to compensate Employee as
provided in this Agreement. Employee agrees that the injury the Paxson Group
will suffer in the event of the breach by Employee of any clause of this Section
5 will cause the Paxson Group irreparable injury that cannot be adequately
compensated by monetary damages alone. Therefore, Employee agrees that the
Paxson Group, without limiting any other legal or equitable remedies available
to it, shall be entitled to obtain equitable relief by injunction or otherwise
from any court of competent jurisdiction, including, without limitation,
injunctive relief to prevent Employee's failure to comply with the terms and
conditions of this Section 5 and Employee hereby waives hereunder any defense
based upon an adequate remedy at law in any such action for equitable relief.

                                       7
<PAGE>   8

         5.4 REFORMATION. If the covenants in this Section 5 are held to be
unenforceable in any jurisdiction because of the duration or scope thereof, the
court making such determination shall have the power to reduce the duration
and/or scope of the provision or covenant, and the provision or covenant in its
reduced form shall be enforceable; PROVIDED, HOWEVER, that the determination of
such court shall not affect the enforceability of Section 5 in any other
jurisdiction.

SECTION 6 ARBITRATION

Except as otherwise provided to the contrary below, any dispute arising our of
or related to this Agreement that Paxson and Employee are unable to resolve by
themselves shall be settled by arbitration in West Palm Beach, Florida, by a
panel of three (3) arbitrators. Paxson and Employee shall each designate one
disinterested arbitrator, and the two arbitrators so designated shall select the
third arbitrator. The persons selected as arbitrators need not be professional
arbitrators, and persons such as lawyers, accountants and bankers shall be
acceptable. Before undertaking to resolve the dispute, each arbitrator shall be
duly sworn faithfully and fairly to hear and examine the matters in controversy
and to make a just award according to the best of Employee's understanding. The
arbitration hearing shall be conducted in accordance with the commercial
arbitration rules of the American Arbitration Association. The written decision
of a majority of the arbitrators shall be final and binding on Paxson and
Employee. The costs and expenses of the arbitration proceeding shall be assessed
between Paxson and Employee in a manner to be decided by a majority of the
arbitrators, and the assessment shall be set forth in the decision and award of
the arbitrators. Judgment on the award, if it is not satisfied within thirty
(30) days, may be entered in any court having jurisdiction over the matter. No
action at law or suit in equity based upon any claim arising our of or related
to this Agreement shall be instituted in any court by Paxson or Employee against
the other except (i) an action to compel arbitration pursuant to this Section,
(ii) an action to enforce the award of the arbitration panel rendered in
accordance with this Section, or (iii) any other action which, under applicable
law, may not be made subject to binding arbitration.

SECTION 7 REPRESENTATIONS OF EMPLOYEE

To induce Paxson to enter into this Agreement and to employ Employee, Employee
represents and warrants to Paxson as of the date hereof and as of each date of
payment of any compensation under the terms hereof as follows:

         7.1 ABSENCE OF CONFLICTING AGREEMENTS. To the best of Employee's
knowledge and belief upon consultation with counsel, the execution, delivery and
performance of this Agreement by Employee does not conflict with result in a
breach of, or constitute a default under any enforceable covenant not to compete
or any other enforceable agreement, instrument, or license, to which Employee is
a party or by which Employee is bound. Notwithstanding the foregoing, Employee
has, immediately prior to the execution hereof, notified his current employer of
his election to terminate his employment and enter into this Agreement and such
employer has, after receiving such notification, agreed to release employee from
the terms thereof that would prohibit Employee from working for Paxson.

         7.2 CONDUCT. Employee has not:

                  (a) Been convicted of any felony;

                  (b) Committed any criminal act with respect to Employee's
current or any prior employment (including any criminal act involving a
violation of the Communication Act of 1934, as amended, or regulations
promulgated by the FCC), or

                  (c) Knowingly committed any act that materially threatened to
result in suspension, revocation, or adverse modification of any FCC license of
any broadcast station or which subjected any broadcast station to fine or
forfeiture.

                                       8
<PAGE>   9

         7.3 CHEMICAL DEPENDENCE. Employee is not dependent on alcohol or
illegal drugs. Employee recognizes that Paxson shall have the right to conduct
random drug testing of its employees and that Employee may be called upon in
such a manner.

SECTION 8 MISCELLANEOUS

         8.1 GOVERNING LAW. This Agreement shall be construed in accordance
with, and shall be governed by, the laws of the State of Florida.

         8.2 ENTIRE AGREEMENT. This Agreement supersedes any prior employment
agreement between Paxson and Employee, whether written or oral, and is effective
as of the date first written above. The instrument contains the entire
understanding and agreement between the parties relating to the subject matter
hereof. Neither this Agreement nor any provision hereof may be waived, modified,
amended, changed or terminated, except by an agreement in writing signed by the
party against whom enforcement of any waiver, modification, change, amendment or
termination is sought.

         8.3 COUNTERPARTS. This Agreement may be executed in counterparts, each
of which shall be deemed an original, and all such counterparts shall together
constitute a single Agreement.

         8.4 PROVISIONS SEVERABLE. To the extent that any provision of this
Agreement is invalid, illegal, or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions hereof shall not in any
way be affected or impaired thereby.

         8.5 HEADINGS. The section headings of this Agreement are for
convenience only and shall not be used in interpreting or construing this
Agreement.

         8.6 ASSIGNMENT OF AGREEMENT AND CHANGE OF CONTROL; SUCCESSORS AND
ASSIGNS. This Agreement may be assigned by Paxson without the prior written
consent of Employee. Employee may not assign this Agreement or any of its right
or interests herein to any other party. The rights and obligations of the
parties shall inure to the benefit of and be binding upon heirs, successors,
administrators assigns, as well as any entity to which Paxson may assign its
assets or transfer its business in a Change of Control (as defined in Section
3.1, above), in a merger or acquisition, by operation of law, or otherwise. The
obligations of Paxson to pay money and/or provide benefits to Employee under
this Agreement, by operation of law or pursuant to the terms of the plans or
documents governing such benefits, shall survive Employee's death (with payments
thereafter to be made at the direction of the executors, personal
representatives or other appropriate representatives of Employee's estate).

         8.7 NOTICES. All notices, demands and requests required or permitted to
be given under the provisions of this Agreement shall be (i) in writing, (ii)
delivered by personal delivery, or sent by commercial delivery service,
registered or certified mail, return receipt requested, (iii) deemed to have
been given on the date of personal delivery or the date set forth in the records
of the delivery service or on the return receipt, and (iv) addressed as follows:

                  If to Paxson: Jeff Sagansky, CEO (with a copy to Anthony
                           L. Morrison, Esq.) 601 Clearwater Park Road
                           West Palm Beach, Florida 33401-6233

                  If to Employee: at the address set forth under employees
                           signature on the last page hereof for so long as
                           Employee is located in Maryland; thereafter to
                           Employee's last known address as recorded in Paxson's
                           personnel records.

                                       9
<PAGE>   10

                  or to any such other or additional persons and addresses as
the parties may from time to time designate in a writing delivered in
accordance with this Section 8.7.

         8.8 WAIVER. The waiver by Paxson or Employee of a breach of any
provision by the other party, or the failure of either Paxson or Employee to
exercise any of the rights set forth herein, shall not operate or be construed
as a waiver of any subsequent breach or be deemed to be a waiver by any party of
any of its rights hereunder. No waiver by any party at any time, express or
implied, of any breach of any provision of this Agreement shall be deemed a
waiver of a breach of any other provision of this Agreement or a consent to any
subsequent breach of the same or other provisions.

         8.9 PAXSON'S ACKNOWLEDGMENTS REGARDING AUTHORITY. The person signing on
behalf of Paxson warrants and represents that he has read this Agreement, that
he understands it, and that he has full and actual authority to enter into this
Agreement on behalf of Paxson. He further represents and warrants that this
Agreement is valid and binding on Paxson immediately, without the need for any
further approvals, procedures or formalities within the company, and that all
approvals, procedures or formalities necessary to effectuate or ratify this
Agreement by Paxson (including, but not limited to any required approval of the
Compensation Committee of the Board of Directors) have been obtained or will be
obtained by Paxson.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement
effective on the day and year first written above.

WITNESS:                          PAXSON COMMUNICATIONS MANAGEMENT COMPANY, INC.

                                  By:
                                      ------------------------------------------
                                      Name:  Jeffrey Sagansky
                                      Title: President & CEO

WITNESS:

                                      ------------------------------------------
                                      Thomas E. Severson, Jr.
                                      3601 Jackson Cabin Road
                                      Phoenix, Maryland  21131

                                       10

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