Document:

EX-10.1 CONSULTANCY AGREEMENT

 

EXHIBIT 10.1

CONSULTING AGREEMENT

     This Consulting Agreement (“Agreement”) dated as of January 31, 2008 and effective as of
January 1, 2008, by and between Spanish Broadcasting System, Inc., a Delaware corporation (“SBS”),
and Jason L. Shrinsky (“Consultant”).

WITNESSETH:

     WHEREAS, SBS wishes to avail itself of Consultant’s knowledge, expertise and experience by
hiring Consultant as consultant;

     WHEREAS, Consultant wishes to become a consultant to SBS and SBS is desirous of availing
itself of the Consultant’s services; and

     WHEREAS, SBS and Consultant wish to enter into this Agreement upon the terms and conditions
set forth herein.

     NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises hereinafter
set forth, SBS and Consultant, intending to be legally bound, do hereby agree as follows:

     1. Engagement. Subject to the terms and conditions of this Agreement, SBS hereby
engages Consultant for the Term (as hereinafter defined) as a consultant to perform the services
set forth herein. In consideration of the compensation to be paid to Consultant as herein
specified, Consultant accepts such engagement and agrees to perform the services specified herein.

     2. Term. The engagement hereunder shall be for a term commencing on February 1, 2008
the date hereof and expiring on December 31, 2008 (the “Term”). The Term may be renewable
at SBS’s option on or before December 31st of each succeeding year.

     3. Services to be Performed. Consultant agrees to devote reasonable time and efforts
in (plus reasonable travel time and conferences) during each month of the Term to the performance
of his services contemplated hereunder. Consultant shall devote such time and attention as required
by Raul Alarcon, Jr., SBS’s President/CEO, to the business affairs of SBS and shall maintain
communications with SBS on a daily basis. Moreover, Consultant shall render such services to the
best of his ability, and use his best efforts to promote the interests of SBS on a daily basis. SBS
shall provide Consultant with office space and administrative services in SBS’s corporate office,
currently located in Coconut Grove, Florida.

     4. Consulting Fee. In consideration of the premises and Consultant’s agreement to
enter into this Agreement and to perform consulting and advisory services more particularly
described hereinafter, SBS hereby agrees to pay Consultant annually the sum of Two Hundred and
Seventy Five Thousand Dollars ($275,000.00) payable in equal monthly installments due on

 

 

or before the tenth business day of each month beginning via wire transfer to the following
account:

Jason and Ronnie Shrinsky

Bank —

Routing #

Checking Account #

Branch Supervisor —

     5. Expenses. SBS shall pay or reimburse Consultant for all ordinary and necessary
out-of-pocket, travel and business expenses incurred by Consultant during the Term in the
performance of Consultant’s services under this Agreement, provided that Consultant receives prior
consent and thereafter shall submit such expenses in accordance with the applicable SBS policies.

     6. Independent Consultant. This Agreement shall not render Consultant an employee,
partner, agent of, or joint venturer with SBS for any purpose. Consultant is and will remain an
independent contractor in his relationship to SBS. SBS shall not be responsible for withholding
taxes with respect to the Consultant’s compensation hereunder. Consultant shall have no claim
against SBS hereunder or otherwise for vacation pay, sick leave, retirement benefits, social
security, worker’s compensation, health or disability benefits, unemployment insurance benefits, or
employee benefits or insurance of any kind. Consultant is not authorized to act for, bind, or
obligate SBS under any contract, agreement or similar arrangement or to use its name except as
expressly authorized in writing by SBS.

     7. Non-Competition. While Consultant is engaged by SBS during the Term of this
Agreement for any reason, Consultant will not, directly or indirectly, own, operate, manage, be
employed by, or have an interest in, any business or enterprise which competes with SBS or provide
any service to, any media station located in any market where SBS owns or operates a media station.
The services of Consultant shall be exclusive to SBS in any market SBS owns or operates a media
station.

     8. Confidentiality; Non-Disclosure. Consultant shall not divulge, communicate, use
or disclose any trade secrets or confidential and proprietary information of SBS, its subsidiaries
or any affiliate (“Confidential Information”), whether during Term or thereafter. All such
information and data shall be treated as confidential and deemed valuable, special and unique to
SBS which Consultant has received in confidence as fiduciaries, and Consultant shall remain a
fiduciary to SBS with respect to all such information during the Term of this Agreement as provided
for herein.

     9. Non-Solicitation. During the Term of this Agreement, and for a period of one (1)
year following termination for any reason, Consultant shall not, directly or indirectly, hire or
assist in hiring any employee of SBS, or otherwise solicit or induce any employee of SBS to
terminate such employment or become employed by any person or entity other than SBS or any of its
affiliates.

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     10. Injunction. It is recognized and hereby acknowledged by the parties hereto that
a breach by Consultant of any of the agreements and/or covenants contained in this Agreement will
cause irreparable harm and damage to SBS, the monetary amount of which may be virtually impossible
to ascertain. As a result, Consultant recognizes and hereby acknowledges that SBS shall be
entitled to an injunction from any court of competent jurisdiction enjoining and restraining any
violation of any and/or all of the covenants and agreements contained in this Agreement by the
Consultant.

     11. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Florida without regard to any conflict of law, rule or principle that
would give effect to the laws of another jurisdiction.

     12. Severability. The invalidity of any one or more of the words, phrases,
sentences, clauses or sections contained in this Agreement shall not affect the enforceability of
the remaining portions of this Agreement or any part thereof, all of which are inserted
conditionally on their being valid in law, and, in the event that any one or more of the words,
phrases, sentences, clauses or sections contained in this Agreement shall be declared invalid, this
Agreement shall be construed as if such invalid word or words, phrase or phrases, sentence or
sentences, clause or clauses, or section or sections had not been inserted. If such invalidity is
caused by length of time or size of area, or both, the otherwise invalid provision will be
considered to be reduced to a period or area which would cure such invalidity.

     13. Notices. All notices, demands and requests required or permitted to be given
under the provisions of this Agreement shall be in writing and shall be deemed to have been duly
delivered and received (a) on the date of personal delivery, or (b) on the date of receipt (as
shown on the return receipt) if mailed by registered or certified mail, postage prepaid and return
receipt requested, or if sent by Federal Express or similar courier service, with all charges
prepaid. All such notices, demands and requests shall be addressed as follows:

If to SBS:

Spanish Broadcasting System, Inc.

2601 South Bayshore Drive — Penthouse #2

Coconut Grove, Florida 33133

ATTN: Mr. Raul Alarcon, Jr.

Telephone: (305) 441-6901

Facsimile: (305) 444-2179

If to Consultant:

Jason L. Shrinsky

7792 Trieste Place

Delray Beach, Florida 33446

Telephone: (561) 865-0510

Facsimile: (561) 865-0520

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     14. Assignment. Neither Consultant nor SBS shall assign any of its rights under this
Agreement, or delegate the performance of any of its duties hereunder, but shall be binding upon
and inure to the benefit of the parties hereto and their respective heirs, if any, legal
representatives, successors, and assigns.

     15. Modification or Amendment. This Agreement constitutes the entire agreement among
the parties hereto with regard to the subject matter hereof, superseding all prior understandings
and agreements, whether written or oral. This Agreement may not be amended or revised except by a
writing signed by the parties.

     16. Entire Understanding. This document and any exhibit attached constitute the
entire understanding and agreement of the parties, and any and all prior agreements,
understandings, and representations are hereby terminated and canceled in their entirety and are of
no further force and effect.

     17. Section and Other Headings. The section headings contained in this Agreement are
for reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement.

     18. Counterparts. This Agreement may be executed in any number of counterparts and by
facsimile, each of which when so executed and delivered shall be deemed to be an original and all
of which together shall be deemed to be one and the same Agreement.

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     IN WITNESS WHEREOF the undersigned have executed this Agreement as of the day and year first
written above.

	 	 	 	 	 
	 	SPANISH BROADCASTING SYSTEM, INC.

 	 
	 	By:  	/s/ Raul Alarcon, Jr.
 	 
	 	 	Name:  	Raul Alarcon, Jr. 	 
	 	 	Title:  	President/CEO 	 
	 
	 	JASON L. SHRINSKY

 	 
	 	By:  	/s/ Jason L. Shrinsky
 	 
	 

5exv10w15

 

EXHIBIT 10.15

Execution Copy

POST-RETIREMENT MEDICAL BENEFITS COVERAGE AGREEMENT

     THIS POST-RETIREMENT MEDICAL BENEFITS COVERAGE AGREEMENT (this “Agreement”) is made and
entered into by and between VCA Antech, Inc., a Delaware corporation (the “Company”), and Robert L.
Antin, an individual (“Antin”) on the date or dates shown opposite their signatures below, to be
effective as of December 27, 2007, the date on which the Compensation Committee of the Board of
Directors approved the Agreement.

RECITALS

     WHEREAS, Antin has been an officer of the Company since its initial formation over 20 years
ago, and the Company is indebted to Antin’s contributions to the Company; and

     WHEREAS, the Company and Antin desire that the Company continue to provide medical benefits
coverage to Antin and his family members after his retirement from the Company.

AGREEMENT

     NOW, THEREFORE, in consideration of the foregoing recitals and the terms, covenants and
conditions contained herein, the parties hereto agree as follows:

     1. Continuing Medical Benefits Coverage.

          1.1. Following termination of Antin’s position as an employee of the Company, at Antin’s
option, the Company shall continue to provide medical benefits coverage for Antin and his family
(for all purposes of this agreement, references to family or spouse shall include a registered
domestic partner) from the date of Antin’s termination of employment until the last to occur of (a)
Antin’s death, (b) the death of Antin’s spouse, or (c) the end of the year in which occurs the
attainment of age 25 by each of Antin’s children; provided, however, that medical benefit coverage
for each of Antin’s children shall cease upon the end of the year in which such child’s
25th birthday occurs (unless such child is disabled, in which case coverage shall
continue), if earlier. Such medical benefits coverage shall be at least as favorable as the most
favorable level, type and basis of medical coverage provided to Antin and his family at any time
within five years before termination of Antin’s employment with the Company. Upon Antin’s
eligibility for Medicare (or a similar program), Antin shall have the option, but not the
obligation, to enroll in Medicare (or such similar program). If Antin or any eligible family
member elects to enroll in such program, then the Company’s obligation hereunder to such enrolled
person shall be limited thereafter to providing Medicare supplementary coverage, Lloyds policy and
Executive Edge Medical Reimbursement Insurance or substantially similar policies.

          1.2. The Company shall provide the medical benefits coverage described in Section 1.1 through
the Company-sponsored medical plans (including Executive Edge Medical Reimbursement Insurance or a
substantially similar policy); provided that if the Company is

 

 

unable to do so, then the Company shall secure similar individual health insurance policies
providing comparable benefits for Antin and his family. If, however, the Company fails to secure
such similar health insurance policies, then Antin shall be entitled to obtain similar individual
health insurance policies providing comparable benefits for him and his family, and the Company
shall reimburse Antin for the cost of such policies upon Antin’s submission of proof of his prior
payment of the premiums for such policies.

          1.3. Antin’s election to continue medical benefits coverage under this Agreement is an
alternative to statutory continuation coverage rights provided by the Consolidated Omnibus
Reconciliation Act of 1985 (COBRA), and shall cause such statutory rights to permanently expire.

     2. Code Section 409A Tax Gross-Up. If, by reason of a failure of any provision of
this Agreement to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”), the continuation of medical benefits coverage provided in Section 1 hereof is subject to
taxation under Code Section 409A(a)(1), then the Company shall pay to Antin an additional payment
(the “Gross-Up Payment”) equal to all federal, state and local taxes incurred by Antin as a result
of compensation paid or made available to Antin by the Company, including the amount of additional
taxes imposed due to the Company’s payment of the initial taxes and interest under Code Section
409A. The Company shall pay the entire Gross-Up Payment by the end of Antin’s taxable year next
following his taxable year in which Antin remits the related taxes.

     3. Entire Agreement. This Agreement sets forth the entire agreement and understanding
of the parties relating to the subject matter hereof, and cannot be changed or terminated except in
writing signed by both Antin and the Company.

     4. Notices. All notices, requests and other communications (collectively, “Notices”)
given pursuant to this Agreement shall be in writing, and shall be delivered by facsimile
transmission with a copy delivered by personal service or by United States first class, registered
or certified mail (return receipt requested), postage prepaid, addressed to the party at the
address set forth below:

	 	 	 
	If to the Company:

	 	VCA Antech, Inc.
	 

	 	12401 West Olympic Boulevard
	 

	 	Los Angeles, CA 90064-1022
	 

	 	Attention: Board of Directors
	 

	 	Facsimile No.: (310) 571-6701
	 
	 	 
	If to Antin:

	 	Robert L. Antin
	 

	 	12401 West Olympic Boulevard
	 

	 	Los Angeles, CA 90064-1022
	 

	 	or
	 

	 	the Executive’s address in the Company’s personnel records

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     5. Governing Law. Except to the extent governed by the Employee Retirement Income
Security Act of 1974, as amended, this Agreement shall be governed by and construed in accordance
with the laws of the state of California, without regard to its conflict of laws provisions.

     6. Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be considered to be an original, and all such executed counterparts shall together
constitute one Agreement.

     7. Severable Provisions. The provisions of this Agreement are severable, and if any
one or more provisions are determined to be judicially unenforceable, in whole or in part, the
remaining provisions shall nevertheless be binding and enforceable.

     8. Successors and Assigns. This Agreement and all obligations and benefits of Antin
and the Company hereunder shall bind and inure to the benefit of Antin and the Company, their
respective affiliates, and their respective successors and assigns.

     9. Amendments and Waivers. No amendment or waiver of any term or provision of this
Agreement shall be effective unless made in writing. Any written amendment or waiver shall be
effective only in the instance given and then only with respect to the specific term or provision
(or portion thereof) of this Agreement to which it expressly relates, and shall not be deemed or
construed to constitute a waiver of any other term or provision (or portion thereof) waived in any
other instance. The failure by either party to enforce any rights hereunder shall not be construed
as a waiver of any rights of such party.

     10. Title and Headings. The titles and headings contained in this Agreement are
included for convenience only and form no part of the agreement between the parties.

[Remainder of page is intentionally blank]

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     IN WITNESS WHEREOF, each of the parties has signed this Agreement on the date opposite their
signature below.

	 	 	 	 	 	 	 
	 	 	THE “COMPANY”

VCA ANTECH, INC.	 	 
	 
	 	 	 	 	 	 
	Dated: February 25, 2008

	 	By:	 	/s/ Tomas W. Fuller	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	Chief Financial Officer and Vice President	 	 
	 

	 	 	 	 	 	 
	 	 	ACCEPTED AND AGREED TO:	 	 
	 
	 	 	 	 	 	 
	Dated: February 25, 2008
	 	/s/ Robert L. Antin	 	 
	 	 	 	 	 
	 	 	Robert L. Antin, in his individual capacity	 	 

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