Document:

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                                                                    EXHIBIT 10.1

                                    AMENDED AND RESTATED 364-DAY CREDIT
                           AGREEMENT dated as of June 27, 2003 (this "2003
                           Amendment and Restatement"), among Cox Radio, Inc.
                           (the "Company"), the banks party hereto (the
                           "Banks"), JPMorgan Chase Bank (the "Administrative
                           Agent"), as administrative agent and Wachovia Bank,
                           National Association and Bank of America, N.A. as
                           co-syndication agents (the "Syndication Agents").

            A. On June 28, 2002, the Company, certain of the Banks and the
Administrative Agent entered into an Amended and Restated 364-Day Credit
Agreement in an aggregate principal amount of $150,000,000 (the "Credit
Agreement").

            B. The parties hereto have agreed, subject to the terms and
conditions hereof, to amend and restate the Credit Agreement as set forth herein
on the terms and subject to the conditions provided herein.

            C. Capitalized terms used and not otherwise defined herein shall
have the meanings assigned to such terms in the Credit Agreement.

            SECTION 1. Amendment and Restatement. The Credit Agreement is hereby
amended and restated in the form of an Amended and Restated Credit Agreement
dated as of the date hereof, the terms of which shall be identical to the terms
of the Credit Agreement except as expressly provided in this Section.

            (a) Amendment to Article I. Article I of the Credit Agreement is
hereby amended by:

            (i) Amending the definition of the term "Agent's Fee Letter" to read
as follows:

            ""Administrative Agent's Fee Letter" shall mean the fee letter dated
      as of May 15, 2003 among JPMCB, J.P. Morgan Securities Inc. ("JPMorgan"),
      and the Company."

and as so amended, moving the definition to its proper alphabetical position.
Each reference in the Credit Agreement to the defined term "Agent's Fee Letter"
is amended to refer to "Administrative Agent Fee Letter".

            (ii) Amending the definition of the term "Applicable Percentage" to
read as follows:

            ""Applicable Percentage" means, with respect to any Bank, the
      percentage of the Total Commitment represented by such Bank's Commitment.
      If the Commitments have terminated or expired, the Applicable Percentages
      shall be determined based upon the Commitments most recently in effect,
      giving effect to any assignments."
<PAGE>
            (iii) Deleting the definition of "Existing Facility" and
substituting therefor the following, and making a corresponding amendment to the
first preamble to the Credit Agreement:

            ""Existing Facility" shall mean the Amended and Restated 364-Day
      Credit Agreement dated as of June 28, 2002, among the Company and the
      banks and the agents party thereto."

            (iv) Deleting the definition of the term "Quarterly Date" and
substituting therefor the following:

            ""Quarterly Date" shall mean the last day of each March, June,
      September and December, beginning with September 30, 2003, or if any such
      date is not a Business Day, the respective Quarterly Date shall be the
      next preceding Business Day."

            (v) Deleting the definition of the term "Termination Date" and
substituting therefor the following:

            ""Termination Date" shall mean June 25, 2004."

            (b) Amendment to Section 2.01(a). Section 2.01(a) is hereby amended
by deleting the text "and Discretionary Loans and Letters of Credit" and
substituting therefor the text ", Discretionary Loans and LC Exposure".

            (c) Amendment to Exhibit 2.01(a). Exhibit 2.01(a) to the Credit
Agreement is hereby amended by deleting such Exhibit 2.01(a) and substituting
therefor Exhibit 2.01(a) hereto.

            (d) Amendment to Section 2.08(c). Section 2.08(c) is hereby amended
by deleting the entire clause and substituting therefor the following:

            "Each Letter of Credit shall expire not later than the earlier of
      (i) the first anniversary of the issuance (or the most recent extension or
      renewal) of such Letter of Credit and (ii) the date that is five Business
      Days prior to the first anniversary of the Termination Date."

            (e) Amendment to Exhibit 6.01. Exhibit 6.01 to the Credit Agreement
is hereby amended by deleting such Exhibit 6.01 and substituting therefor
Exhibit 6.01 hereto.

            (f) Amendment to Section 6.02. Section 6.02 of the Credit Agreement
is hereby amended by:

                  (i) Deleting the first sentence thereof and substituting
            therefor the following:

                                       2
<PAGE>
            "The Company has furnished each Bank with the consolidated financial
      statements for the Company and its Subsidiaries as at and for its fiscal
      year ended December 31, 2002, accompanied by the opinion of Deloitte &
      Touche, and quarterly consolidated financial statements as at and for the
      period ended March 31, 2003."

                  (ii) Deleting "March 31, 2002" in the last sentence thereof
            and substituting therefor "March 31, 2003".

            (g) Amendment to Exhibit 6.03. Exhibit 6.03 of the Credit Agreement
is hereby amended by deleting such Exhibit 6.03 and substituting therefor
Exhibit 6.03 hereto.

            (h) Amendment to Section 6.14. Section 6.14 is hereby amended by
replacing "June, 2002" with "June, 2003".

            (i) Amendment to Section 8.01(b). Section 8.01(b) of the Credit
Agreement is hereby amended by deleting the entire clause and substituting
therefor the following:

            "(b) an Interest Coverage Ratio for any four consecutive fiscal
      quarter (commencing with such period ending on June 30, 2003) period of
      not less than 2.0 to 1.0."

            (j) Amendment to Exhibit 9.01(d). Exhibit 9.01(d) of the Credit
Agreement is hereby amended by deleting such Exhibit 9.01(d) and substituting
therefor Exhibit 9.01(d) hereto.

            (k) Amendment to Exhibit 13.02. Exhibit 13.02 of the Credit
Agreement is hereby amended by deleting such Exhibit 13.02 and substituting
therefor Exhibit 13.02 hereto.

            (l) Amendment to Section 13.04. Section 13.04 is hereby amended by
replacing the date "June 23, 2002" with the date "May 15, 2003".

            SECTION 2. Representations and Warranties. The Company hereby
represents and warrants to the Administrative Agent and the Banks that:

            (a) This 2003 Amendment and Restatement has been duly authorized,
executed and delivered by it and constitutes its legal, valid and binding
obligations enforceable in accordance with its terms.

            (b) As of the date hereof, and after giving effect to this 2003
Amendment and Restatement, no Default or Event of Default has occurred and is
continuing and the representations and warranties contained in the Credit
Agreement, as amended and restated by this 2003 Amendment and Restatement, are
true and correct in all material respects as if made on the date hereof.

                                       3
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            SECTION 3. Effectiveness. The effectiveness of this 2003 Amendment
and Restatement is subject to the satisfaction on the date hereof of the
following conditions:

            (a) the Administrative Agent shall have received executed
counterparts of this 2003 Amendment and Restatement which, when taken together,
bear the signatures of each of the parties hereto;

            (b) the Administrative Agent shall have received on behalf of the
Banks from Counsel for the Company their opinion dated the date hereof, in form
and substance reasonably satisfactory to the Administrative Agent;

            (c) the Administrative Agent shall have received on behalf of the
Banks an Officer's Certificate dated the date hereof, in form and substance
reasonably satisfactory to the Administrative Agent;

            (d) the Administrative Agent shall have received all fees and other
amounts payable in connection with this Agreement on or prior to the date
hereof, including to the extent invoiced, reimbursement or payment of all
out-of-pocket expenses required to be reimbursed or paid by the Company
hereunder; and

            (e) on the date hereof, the Company shall have repaid, or shall
repay from the initial Loans hereunder, in full the principal of all Loans
outstanding and other amounts accrued and not yet paid under the Credit
Agreement, and the Company shall have effectively terminated all the Commitments
then outstanding in accordance with the Credit Agreement and replaced them with
the Commitments as set forth in Schedule 2.01(a) hereto.

            Following the satisfaction on the date hereof of the conditions set
forth above, the Administrative Agent shall inform the Company in writing that
this 2003 Amendment and Restatement has become effective.

            SECTION 4. Counterparts. This 2003 Amendment and Restatement may be
signed in any number of counterparts, each of which shall constitute an original
but all of which when taken together shall constitute but one contract. Delivery
of an executed counterpart of a signature page by facsimile transmission shall
be effective as delivery of a manually executed counterpart of this 2003
Amendment and Restatement.

            SECTION 5. APPLICABLE LAW. THIS 2003 AMENDMENT AND RESTATEMENT SHALL
BE DEEMED TO BE AN AGREEMENT EXECUTED BY THE COMPANY, THE ADMINISTRATIVE AGENT,
THE DOCUMENTATION AGENTS, THE SYNDICATION AGENTS AND THE BANKS UNDER THE LAWS OF
THE STATE OF NEW YORK AND OF THE UNITED STATES AND FOR ALL PURPOSES SHALL BE
CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF SAID STATE AND OF THE
UNITED STATES.

            SECTION 6. Credit Agreement. As used in the Credit Agreement and the
Exhibits thereto, (a) the terms "Agreement", "herein", "hereinafter",
"hereunder", "hereto", and words of similar import shall mean, from and after
the date hereof, the

                                       4
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Credit Agreement as amended and restated by this 2003 Amendment and Restatement
and (b) all references to "the date of this Agreement", "the date hereof" or
like language shall be deemed to be references to the date of this 2003
Amendment and Restatement.

            SECTION 7. Expenses. The Company shall pay, in accordance with the
provisions of Section 13.01 of the Credit Agreement, all reasonable
out-of-pocket expenses incurred by the Administrative Agent and the Banks in
connection with the preparation, negotiation, execution, delivery and
enforcement of this 2003 Amendment and Restatement, including, but not limited
to, the reasonable fees and disbursements of Cravath, Swaine & Moore, LLP, as
well as the reasonable out-of-pocket expenses incurred by the arrangers hereof.
The agreement set forth in this Section 7 shall survive the termination of this
2003 Amendment and Restatement.

                                       5
<PAGE>
            IN WITNESS WHEREOF, the parties hereto have caused this 2003
Amendment and Restatement to be duly executed by their duly authorized officers,
all as of the date and year first above written.

<TABLE>
<S>                                  <C>
                                     COX RADIO, INC.,

                                          By

                                                /s/ Richard Jacobson
                                                ---------------------------
                                                Name:    Richard Jacobson
                                                Title:   Treasurer

                                     JPMORGAN CHASE BANK

                                          By

                                                /s/ James L. Stone
                                                ---------------------------
                                                Name:    James L. Stone
                                                Title:   Managing Director

                                     BANK OF AMERICA, N.A.

                                          By

                                                /s/ Richard M. Peck
                                                ---------------------------
                                                Name:    Richard M. Peck
                                                Title:   Vice President

                                     WACHOVIA BANK, NATIONAL ASSOCIATION

                                          By

                                                /s/ Kevin P. Shea
                                                ---------------------------
                                                Name:    Kevin P. Shea
                                                Title:   Vice President

                                     CITIBANK, N.A.

                                          By

                                                /s/ Maureen Maroney
                                                ---------------------------
                                                Name:    Maureen Maroney
                                                Title:   Director
</TABLE>

                                        6
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<TABLE>
<S>                                  <C>
                                     FLEET NATIONAL BANK

                                          By
                                                /s/ Laura Neenan
                                                ---------------------------
                                                Name:    Laura Neenan
                                                Title:   Vice President

                                     BANK ONE, NA

                                          By

                                                /s/ Jennifer L. Jones
                                                ---------------------------
                                                Name:    Jennifer L. Jones
                                                Title:   Director

                                     LEHMAN BROTHERS BANK, FSB

                                          By

                                                /s/ Gary T. Taylor
                                                ---------------------------
                                                Name:    Gary T. Taylor
                                                Title:   Vice President

                                     MERRILL LYNCH BANK USA

                                          By
                                                /s/ Louis Alder
                                                ---------------------------
                                                Name:    Louis Alder
                                                Title:   Vice President

                                     MORGAN STANLEY BANK

                                          By

                                                /s/ Jaap L. Tonckens
                                                ---------------------------
                                                Name:    Jaap L. Tonckens
                                                Title:   Vice President
                                                         Morgan Stanley Bank
</TABLE>

                                        7
<PAGE>
<TABLE>
<S>                                  <C>
                                     SUNTRUST BANK

                                          By
                                                /s/ Eric Millham
                                                ---------------------------
                                                Name:    Eric Millham
                                                Title:   Director

                                     UBS AG, CAYMAN ISLANDS BRANCH

                                          By

                                                /s/ Patricia O'Kicki
                                                ---------------------------
                                                Name:    Patricia O'Kicki
                                                Title:   Director

                                          By

                                                /s/ Wilfred V. Saint
                                                ---------------------------
                                                Name:    Wilfred V. Saint
                                                Title:   Associate Director
                                                         Banking Products
                                                         Services, US

                                     COMMERZBANK AG, NEW YORK AND
                                     GRAND CAYMAN BRANCHES

                                          By
                                                /s/ Harry Yergey
                                                ---------------------------
                                                Name:    Harry Yergey
                                                Title:   Senior Vice President
                                                         and Manager

                                          By

                                                ---------------------------
                                                Name:    Brian Campbell
                                                Title:   Senior Vice President
</TABLE>

                                        8
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<TABLE>
<S>                                  <C>
                                     THE BANK OF NEW YORK

                                     By

                                                /s/ John R. Ciulla
                                                ---------------------------
                                                Name:    John R. Ciulla
                                                Title:   Vice President

                                     DRESDNER BANK AG, NEW YORK
                                     AND GRAND CAYMAN BRANCHES

                                          By

                                                /s/ William E. Lambert
                                                ---------------------------
                                                Name:    William E. Lambert
                                                Title:   Vice President

                                          By

                                                /s/ Michael S. Greenberg
                                                ---------------------------
                                                Name:    Michael S. Greenberg
                                                Title:   Vice President

                                     U.S. BANK NATIONAL ASSOCIATION

                                          By

                                                /s/ Gail Scannell
                                                ---------------------------
                                                Name:    Gail Scannell
                                                Title:   Vice President

                                     NATIONAL AUSTRALIAN BANK LTD.

                                          By

                                                /s/ Eduardo Salazar
                                                ---------------------------
                                                Name:    Eduardo Salazar
                                                Title:   Director
</TABLE>

                                        9
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<TABLE>
<S>                                  <C>
                                     CREDIT SUISSE FIRST BOSTON, ACTING
                                     THROUGH ITS CAYMAN ISLANDS
                                     BRANCH

                                          By

                                                /s/ Sovonna Day-Goins
                                                ---------------------------
                                                Name:    Sovonna Day-Goins
                                                Title:   Vice President

                                          By

                                                /s/ Doreen B. Welch
                                                ---------------------------
                                                Name:    Doreen B. Welch
                                                Title:   Associate

                                     WILLIAM STREET COMMITMENT CORPORATION

                                          By

                                                /s/ Jennifer M. Hill
                                                ---------------------------
                                                Name:    Jennifer M. Hill
                                                Title:   Vice President and
                                                         Chief Financial Officer
</TABLE>

                                       10Ex-10.01 Amended and Restated Exec. Incentive Plan

 

Exhibit 10.01

MARTIN MARIETTA MATERIALS, INC.

AMENDED AND RESTATED EXECUTIVE INCENTIVE PLAN

	I.	 	PURPOSE
	 
	 	 	The purpose of the Martin Marietta Materials, Inc. Executive Incentive
Plan (the “Plan”) is to enhance profits and overall performance by
providing for its key management an additional inducement for achieving
and exceeding Martin Marietta Materials, Inc. (“MMM” or the
“Corporation”) performance objectives. Additionally, the Plan will allow
a level of compensation that is appropriate when compared with
compensation levels of other comparable organizations.
	 
	II.	 	STANDARD OF CONDUCT AND PERFORMANCE EXPECTATION

	 	A.	 	It is expected that the business and individual goals and
objectives established for this Plan will be accomplished in
accordance with the Corporation’s policy on ethical conduct in
business. It is a prerequisite before any award can be considered
that a participant will have acted in accordance with the Martin
Marietta Materials, Inc. Code of Ethics and Standards of Conduct and
fostered an atmosphere to encourage all employees acting under the
participant’s supervision to perform their duties in accordance with
the highest ethical standards. Ethical behavior is imperative.
Thus, in achieving one’s goals, the individual’s commitment and
adherence to the Corporation’s ethical standards will be considered
paramount in determining awards under this Plan.
	 
	 	B.	 	Plan participants whose individual performance is determined
to be less than acceptable are not eligible to receive incentive
awards.

	III.	 	EFFECTIVE DATE
	 
	 	 	The Plan will become effective each year commencing January 1.
	 
	IV.	 	BASIC PROGRAM ELIGIBILITY
	 
	 	 	Subject to the discretion of the Chief Executive Officer of the
Corporation, an employee will be eligible to participate in the Plan
for any Plan year in which the employee is classified no later than
July 1 of that year as one of the following:

	 
	President

Vice President

General Manager

Director

Others recommended by a Corporate Officer

	 	 	A Corporate Officer is any elected officer of the Corporation.

Page 1

 

	V.	 	BASIS FOR AWARDS
	 
	 	 	Awards will be paid based on the actual base salary paid to each
participant during each Plan year, and will be determined based on the
following criteria:

	 	A.	 	 

	 	 	 	 	 	 	 	 	 
	 	 	Responsibility	 	Maximum Incentive Award
		 	Level	 	(% of Annual Salary)
	 	 	
	 	

	 
	 	Division Presidents	 	 	60%-80	%
	 
	 	Designated VPs of major functions	 	 	60%-80	%
	 
	 	reporting to
the Corporation’s President	 	 	 	 
	 
	 	(Corporate Unit Head)	 	 	 	 
	 
	 	Vice President   /General Manager	 	 	40%-50	%
	 
	 	reporting to a Division President or	 	 	 	 
	 
	 	Corporate Unit Head	 	 	 	 
	 
	 	Designated Directors/General Managers/	 	 	30%-50	%
	 
	 	Vice Presidents	 	 	 	 
	 
	 	Other Directors/Managers	 	 	25%-35	%

	 	 	The award percentages noted above may be adjusted up or down subject to
the discretion of the Chief Executive Officer of the Corporation.

	 	  B.	 	Available Award
	 
	 	 	 	Total incentive awards will be based on a combination of the
performance of MMM, the Operating Unit (as defined below), the
Corporate Unit (as defined below) and the individual, depending on
the position occupied by the participant and other factors
described below. An “Operating Unit” is an operating unit(s) of
the Corporation for which the individual is responsible (for
example, one or more segments, divisions, regions, districts, etc.)
as designated by the Chief Executive Officer. A “Corporate Unit”
is a non-operating unit(s) of the Corporation for which the
individual is responsible (for example, one or more of finance,
legal, marketing, purchasing, etc.) as designated by the Chief
Executive Officer. The portion of the total award determined by the
performance of MMM, the Operating Unit, the Corporate Unit and the
individual is outlined below.

Page 2

 

	 	1.	 	Operating Units
	 
	 	 	 	For Division Presidents, participants reporting to Division
Presidents, and participants whose work is primarily related
to an Operating Unit, the award will be based on the
following:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	Operating	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	Unit	 	Division	 	MMM	 	Individual
	 	 	 	Performance	 	Performance	 	Performance	 	Performance
	Divisions
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Line Management
	 	 	50	%	 	 	—	 	 	 	25	%	 	 	25	%
	 	Staff
	 	 	37.5	%	 	 	—	 	 	 	25	%	 	 	37.5	%
	Areas, Districts & Regions
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Line Management
	 	 	50	%	 	 	12.5	%	 	 	12.5	%	 	 	25	%
	 	Staff
	 	 	37.5	%	 	 	12.5	%	 	 	12.5	%	 	 	37.5	%

	 	2.	 	Corporate Units
	 
	 	 	 	For individuals reporting to the Chief Executive Officer who
are responsible for a Corporate Unit and are not in an
Operating Unit (“Corporate Unit head”), participants
reporting to a Corporate Unit head, and participants whose
work is primarily related to the Corporation, the award will
be based on the following:

	 	 	 	 
	 	
•
	 	Fifty percent (50%) of the award will
be based on MMM performance, as defined in Paragraph
V.C.1 below.
	 	 	 	 
	 	
•
	 	Fifty percent (50%) of the award
will be based on individual performance, as defined in
Paragraph V.C.2 above.

	 	3.	 	Combined Responsibilities
	 
	 	 	 	For individuals who have responsibilities described in both
Paragraphs V.B.1 and V.B.2 above, the award will be based on
the following:

	 	 	 	 
	 	
•
	 	Sixty-five percent (65%) of the award
will be based on the performance of MMM and the
Operating Unit(s) which that individual is responsible,
as defined in Paragraph V.C.1 below.
	 	 	 	 
	 	
•
	 	Thirty-five percent (35%) of the
award will be based on individual performance, as
defined in Paragraph V.C.2 below.

Page 3

 

	C.	 	Performance Criteria

	 	1.	 	MMM, Operating Units and Corporate Units
	 
	 	 	 	MMM, Operating Unit and Corporate Unit performance will be
measured by profit contribution, cash flow, sales and
production metrics and/or other appropriate financial
performance, return, safety and other factors reflecting the
performance of the Corporation, Operating Unit and Corporate
Unit.
	 
	 	 	 	The Compensation Committee of the Board of Directors will
determine the percentage that was achieved by MMM and the
Chief Executive Officer of the Corporation will determine the
percentage that was achieved by the Operating Units and the
Corporate Units, each based on an assessment of the factors
listed above and on a subjective evaluation of the overall
contribution to the Corporation and will apply that
percentage to the portion of the total award that is
available for MMM, the Operating Unit(s) and/or the Corporate
Unit(s) as outlined in Paragraph V.B. above.
	 
	 	2.	 	Individual Performance
	 
	 	 	 	The portion of the total award based on individual
performance, if applicable, will be based on an assessment of
the actual achievement of the individual relative to
quantitative, measurable goals established for the Plan year,
conduct in accordance with the Corporation’s Code of Ethics
and Standards of Conduct and a subjective evaluation of the
relative significance of one’s efforts in respect to its
bearing on the overall Corporation, Operating Unit(s) and/or
Corporate Unit(s).
	 
	 	 	 	The Chief Executive Officer will determine the
percentage that was achieved by the individual based on an
assessment of the factors listed above and on a subjective
evaluation of the overall contribution of the individual, and
will apply that percentage to the portion of the total award
that is available for the individual, as outlined in
Paragraph V.B. above.

	D.	 	Discretion of the Chief Executive Officer
	 
	 	 	Subject to approval by the Compensation Committee of the Board of
Directors, the Chief Executive Officer of the Corporation may
modify the percentage of available award for any or all of the MMM,
Operating Unit, Corporate Unit and/or individual awards, based on
an assessment of organizational and/or individual contribution.
The participant’s individual performance may impact the percent of
available MMM, Operating Unit and/or Corporate Unit award. The
performance of MMM, the Operating Unit and/or Corporate Unit may
impact the percent of available individual award.
	 
	E.	 	Payment of Awards
	 
	 	 	Awards under the Plan shall be payable in a lump sum, excluding the
amounts, if any, credited on an elective or non-elective basis to
stock units pursuant to the Martin Marietta Materials, Inc.
Incentive Stock Plan, as soon as practicable following the close of
the Plan year.

Page 4

 

	F.	 	Changes in Participation
	 
	 	 	An employee must be a full-time employee of the Corporation on
December 31 of the Plan Year to be eligible to participate in the
Plan. It is recognized that during a Plan year, individual changes
in the eligibility group may occur as participants change jobs or
terminate through death, retirement or other reasons. As these
circumstances occur, the Chief Executive Officer of the Corporation
may, in his discretion, give consideration to grant the award under
the Plan and/or to adjust the amount of incentive award paid.
	 
	 	 	Persons in the eligibility group hired during a Plan year may be
eligible for an award under the Plan in that year at the discretion
and approval of the Chief Executive Officer.

Page 5

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