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Exhibit 10.49    
  

Execution Copy One (1) of Three (3) Copies
  Prepared August 7, 2000 

 
 

EMPLOYMENT AGREEMENT    
  

        THIS EMPLOYMENT AGREEMENT (this "Agreement") is effective as of this 28th day of February, 2000,
between Sinclair Communications, Inc., a Maryland corporation ("SCI"), and Barry M. Faber ("Employee"). 

R E C I T A L S

        A.    SCI,
a subsidiary of Sinclair Broadcast Group, Inc. ("SBG"), through its direct and indirect wholly-owned subsidiaries, owns or operates television and radio
broadcast stations. 

        B.    Pursuant
to that certain employment agreement (the "Former Employment Agreement") effective as of February 21, 1997, the Employee was employed by SCI as Associate
General Counsel of SCI. 

        C.    On
August 31, 1999 it was announced by press release from SBG that the Employee was named as Vice President and General Counsel to SCI. 

        D.    Pending
approval and ratification by the SCI Board of Directors, the Employee assumed his new responsibilities as Vice President and General Counsel to SCI on or about
August 29,1999. 

        E.    Effective
as of October 29, 1999, the SCI Board of Directors approved the Employee's appointment to the position of Vice President and General Counsel of SCI. 

        NOW, THEREFORE, IN CONSIDERATION OF the mutual covenants herein contained, the parties hereto agree as follows: 

        1.    Duties.    

        1.1.    Duties Upon Employment.    Upon the terms and subject to the
other provisions of this Agreement, commencing on the date hereof (the "Effective Date"), Employee will continue to be employed by SCI as Vice President and General Counsel of SCI. As the Vice
President and General Counsel of SCI, Employee will: 

        (a)  report
(i) primarily, to the Chief Executive Officer of SCI (the "SCI CEO") and the Executive Vice President of SBG (the "Executive VP"), (ii) secondarily,
to the Chief Executive Officer of SBG (the "SBG CEO"), and (iii) to such other officer(s) of SBG or SCI as the SCI CEO, the SBG CEO, or Executive VP may from time to time designate; 

        (b)  have
such responsibilities and perform such duties as may from time to time be established by SCI's Board of Directors, the SCI CEO, the SBG CEO, or the Executive VP. 

        1.2.    Full-Time Employment.    While an employee of SCI,
Employee agrees to devote Employee's full working time, attention, and best efforts exclusively to the business of SCI and its direct and indirect subsidiaries. 

        2.    Term.    

        2.1.    Term.    The term of Employee's employment under this
Agreement (the "Employment Term") will begin on the Effective Date and continue until employment is terminated in accordance with Section 4. 

        2.2.    At Will Employment.    Notwithstanding anything else in this
Agreement, including, without limitation, the provisions of Section 2.1. or Section 3. of this Agreement, the employment of Employee is not for a specified period of time, and SCI or
Employee may terminate the employment of Employee with or without Cause (as defined below) at any time for any reason. There is not as of this 

 

date, nor will there be in the future, unless in a writing signed by all of the parties to this Agreement, any express or implied agreement as to the continued employment of Employee. 

        3.    Compensation and Benefits.    

        3.1.    Compensation.    Employee shall be entitled during each
employment year to the compensation determined by the Compensation Committee of SCI (the "Compensation Committee"), which compensation may include the right to earn bonuses as determined by the
Compensation Committee. Any such bonus shall be determined and payable after all financial, ratings, and/or other data necessary for the determination of such amount is available to the Company. 

        3.2.    Vacation.    During each Employment Year beginning on or after
January 1, 2000, Employee shall be entitled to paid vacation leave in an amount equal to one (1) week plus the amount otherwise determined in accordance with such policies in effect at
SCI from time to time. For purposes of determining vacation leave available to Employee as of the date of this Agreement and subsequent periods, Employee shall be credited with any time served while
an employee of SCI. 

        3.3.    Health Insurance and Other Benefits.    During the Employment
Term, Employee shall be eligible to participate in health insurance programs that may from time to time be provided by Company for its employees generally, and Employee shall be eligible to
participate in other employee benefits plans that may from time to time be provided by Company to its employees generally. 

        3.4.    Tax Issues.    To the extent taxable to Employee, Employee
will be responsible for accounting for and payments of taxes on the benefits provided to Employee by Company, and Employee will keep such records regarding uses of these benefits as Company reasonably
requires and will furnish Company all such information as may be reasonably requested by Company with respect to such benefits. 

        3.6.    Expenses.    Company will pay or reimburse Employee from time
to time for all expenses incurred by Employee during the Employment Term on behalf of Company in accordance with corporate policies established by Company; provided, that (i) such expenses must
be reasonable business expenses, and (ii) Employee supplies to Company itemized accounts or receipts in accordance with Company's procedures and policies with respect to reimbursement of
expenses in effect from time to time. 

        4.    Employment Termination.    

        4.1.    Termination of Employment.    

        (a)  The
Employment Term will end, and the parties will not have any rights or obligations under this Agreement (except for the rights and obligations under those Sections of
this Agreement which are continuing and will survive the end of the Employment Term, as specified in Section 8.10 of this Agreement, on the earliest to occur of the following events (the
"Termination Date"): 

        (1)  the
death of Employee; 

        (2)  the
Disability (as defined in Section 4.1(b) below) of Employee; 

        (3)  the
termination of Employee's employment by Employee; 

        (4)  the
termination of Employee's employment by SCI for Cause (as defined in Section 4.1(c) below); or 

        (5)  the
termination of Employee's employment by SCI without Cause. 

        (b)  For
the purposes of this Agreement, "Disability" means Employee's inability, whether mental or physical, to perform the normal duties of Employee's position for ninety
(90) days 

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(which need not be consecutive) during any twelve (12) consecutive month period, and the effective date of such Disability shall be the day next following such ninetieth (90th) day. If SCI and
Employee are unable to agree as to whether Employee is disabled, the question will be decided by a physician to be paid by SCI and designated by SCI, subject to the approval of Employee (which
approval may not be unreasonably withheld) whose determination will be final and binding on the parties. 

        (c)  For
the purposes of this Agreement, "Cause" means any of the following: (i) the wrongful appropriation for Employee's own use or benefit of property or money
entrusted to Employee by SCI, (ii) the commission of any act involving moral turpitude, (iii) Employee's continued willful disregard of Employee's duties and responsibilities after
written notice of such disregard, (iv) Employee's continued
violation of SCI policy after written notice of such violations (such policy may include policies as to drug or alcohol abuse), (v) any action by Employee which is reasonably likely to
jeopardize a Federal Communications Commission license of any broadcast station owned directly or indirectly, or programmed, by SCI, (vi) insubordination of Employee and/or Employee's repeated
failure to follow the reasonable directives of those individuals to whom Employee primarily or secondarily reports that continues after Employee has received written notice of such insubordination or
failure to follow directives, or (vii) any violation of the provisions of Section 5 below. 

        4.2.    Termination Payments.    

        (a)  If
Employee's employment with SCI terminates pursuant to Sections 4.1(a)(1), 4.1(a)(2), 4.1(a)(3), or 4.1(a)(5), Employee (or in the event of the death of Employee, the
person or persons designated by Employee in a written instrument delivered to SCI prior to Employee's death or, if no such written designation has been made, Employee's estate) will be entitled to
receive, and SCI will pay to the same, all of the following: 

        (1)  the
salary payable to Employee through the Termination Date; 

        (2)  a
payment in respect of unutilized vacation time that has accrued through the Termination Date (determined in accordance with corporate policies established by SCI and
consistent with Section 3 hereof); and 

        (3)  the
benefits set forth in the Stock Option Agreement, upon the terms and conditions set forth therein. 

        (b)  If
Employee's employment with SCI terminates pursuant to Section 4.1(a)(4), Employee will be entitled to receive, and SCI will pay to Employee, only the salary
payable to Employee through the Termination Date. 

        (c)  The
termination payments described in this Section 4 will be in lieu of any termination or severance payments required by SCI policy or, to the fullest extent
permissible thereunder, applicable law (including unemployment compensation) and will constitute Employee's exclusive rights and remedies with respect to termination of Employee's employment. 

        5.    Confidentiality and Non-Competition.    

        5.1.    Confidential Information.    

        (a)  During
his employment hereunder (and at all times thereafter), Employee shall: 

        (1)  keep
all "Confidential Information" (as defined below) in trust for the use and benefit of (i) SBG, SCI, and their direct and indirect subsidiaries, and
(ii) all broadcast stations owned, operated, or programmed directly or indirectly by SBG, SCI, or their direct or indirect subsidiaries (collectively, the SBG Entities"); 

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        (2)  not,
except as (i) required by Employee's duties under this Agreement, (ii) authorized by the SCI CEO, Executive VP, or Board of Directors, or
(iii) required by law or any order, rule, or regulation of any court or governmental agency (but only after notice to SCI of such requirement), at any time during or after the termination of
Employee's employment with SCI, directly or indirectly, use, publish, disseminate, distribute, or otherwise disclose any Confidential Information; 

        (3)  take
all reasonable steps necessary, or reasonably requested by any of the SBG Entities, to ensure that all Confidential Information is kept confidential for the use and
benefit of the SBG Entities; and 

        (4)  upon
termination of Employee's employment or at any other time any of the SBG Entities in writing so request, promptly deliver to such SBG Entity all materials
constituting Confidential Information relating to such SBG Entity (including all copies) that are in Employee's possession or under Employee's control. If requested by any of the SBG Entities to
return any Confidential Information, Employee will not make or retain any copy of or extract from such materials. 

        (b)  For
purposes of this Section 5.1, Confidential Information means any proprietary or confidential information of or relating to any of the SBG Entities that is not
generally available to the public. Confidential Information includes all information developed by or for any of the SBG Entities concerning marketing used by any of the SBG Entities, suppliers, or
customers (including advertisers) with which any of the SBG Entities has dealt prior to the Termination Date, plans for development of new services and expansion into new areas or markets, internal
operations, financial information, operations, budgets, and any trade secrets or proprietary information of any type owned by any of the SBG Entities, together with all written, graphic, other
materials relating to all or any of the same, and any trade secrets as defined in the Maryland Uniform Trade Secrets Act, as amended from time to time. 

        5.2.    Non-Competition.    

        (a)  If
the Employee's employment is terminated (i) by Employee pursuant to Section 4.1(a)(3) or (ii) by SCI pursuant to Section 4.1(a)(4),
Employee shall not, for a period of six (6) months after termination, directly or indirectly, participate in any activity involved in the ownership or operation of any television broadcast
station, any subscription broadcast service, cable television system operator, cable interconnect, cable television channel or similar enterprise within any Designated Market Area (as defined below)
in which any of the SBG Entities owns, operates, programs, or supplies substantially all of the program services to a broadcast station immediately prior to such termination. As used herein,
"participate" means lending one's name to, acting as a consultant or adviser for, being employed by, or acquiring any direct or indirect interest in any business or enterprise, whether as a
stockholder, partner, officer, director, employee, consultant, or otherwise. 

        (b)  While
employed by SCI or any of the Company Entities, and for six (6) months thereafter (regardless of the reason why Employee's employment is terminated),
Employee will not directly or indirectly: 

        (1)  hire,
attempt to hire, or to assist any other person or entity in hiring or attempting to hire any employee of any of the SBG Entities or any person who was an employee
of any of the SBG Entities within the prior one (1) year period; or 

        (3)  solicit,
in competition with any of the SBG Entities, the business of any customer of any of the SBG Entities or any entity whose business any of the SBG Entities
solicited during the one (1) year period prior to Employee's termination. 

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        (c)  Notwithstanding
anything else contained in this Section 5.2, (i) Employee may at any time own, for investment purposes only, up to five percent (5%) of the
stock of any publicly-held corporation whose stock is either listed on a national stock exchange or on the NASDAQ National Market System if Employee is not otherwise affiliated with such
corporation, and (ii) after the Employment Term only, Employee shall not be prohibited from participating with any entity whose earnings before interest, taxes, depreciation, and amortization
("EBITDA") from the sale, utilization, or development of digital television spectrum, when combined with the earnings derived from the operation of television stations, is 25% or less of such entity's
total EBITDA; provided, however, Employee's participation with such entity shall not directly or indirectly be with (i) any television division, affiliate, or subsidiary of any such entity or
(ii) any other division, subsidiary, or affiliate of any such entity involved in the sale, utilization, or development of the digital television spectrum owned or controlled by such entity 

        (d)  In
the event that (i) SCI places all or substantially all of its television broadcast stations up for sale within six (6) months after termination of
Employee's employment hereunder, or (ii) Employee's
employment is terminated in connection with the disposition of all or substantially all of such television broadcast stations (whether by sale of assets, equity, or otherwise), Employee agrees to be
bound by, and to execute such additional instruments as may be necessary or desirable to evidence Employee's agreement to be bound by, the terms and conditions of any non-competition
provisions contained in the purchase and sale agreement for such stations, without receiving any consideration therefore beyond that expressed in this Agreement. Notwithstanding the foregoing, in no
event shall Employee be bound by, or obligated to enter into, any non-competition provisions referred to in this Section 5.2(e) which extend beyond six (6) months from the
date of termination of Employee's employment hereunder or whose scope extends the scope of the non-competition provisions set forth in Section 5.2(a). 

        (e)  The
six (6) month time period referred to above shall be tolled on a day-for-day basis for each day during which Employee participates in
any activity in violation of Section 5.2 of this Agreement so that the Employee shall be restricted from engaging in the conduct referred to in Section 5.2 for a full six
(6) months. 

        (f)    For
purposes of this Section 5.2, Designated Market Area shall mean the designated market area ("DMA") as defined by The A.C. Nielsen Company (or such other
similar term as is used from time to time in the television broadcast community). 

        5.3.    Acknowledgment.    Employee acknowledges and agrees that this
Agreement (including, without limitation, the provisions of Sections 5 and 6) is a condition of Employee being employed by SCI, Employee having access to Confidential Information, being
eligible to receive the items referred to in Section 3 (including, without limitation, Employee's eligibility to participate in the Plan, Employee's advancement at SCI, and Employee being
eligible to receive other special benefits at SCI; and further, that this Agreement is entered into, and is reasonably necessary, to protect the SBG Entities' investment in Employee's training and
development, and to protect the good will and other business interests of the SBG Entities. 

        6.    Remedies.    

        6.1.    Injunctive Relief.    The covenants and obligations contained
in Section 5 relate to matters which are of a special, unique, and extraordinary character, and a violation of any of the terms of such Section will cause irreparable injury to the SBG
Entities, the amount of which will be impossible to estimate or determine and which cannot be adequately compensated. Therefore, SBG Entities will be entitled to an injunction restraining order or
other equitable relief from any court of competent jurisdiction (subject to such terms and conditions that the court determines appropriate) restraining any violation or threatened violation of any of
such terms by Employee and such other persons as the court orders. The parties acknowledge and agree that judicial action, rather than arbitration, is appropriate 

5

 

with respect to the enforcement of the provisions of Section 5. The forum for any litigation hereunder shall be the Circuit Court of Baltimore County or the United States District Court
(Northern Division) sitting in Baltimore, Maryland. 

        6.2.    Cumulative Rights and Remedies.    Rights and remedies
provided by Section 5 are cumulative and are in addition to any other rights and remedies any of the SBG Entities may have at law or equity. 

        7.    Absence of Restrictions.    Employee warrants and represents
that Employee is not a party to or bound by any agreement, contract, or understanding, whether of employment or otherwise, with any third person or entity which would in any way restrict or prohibit
Employee from undertaking or performing employment with SCI in accordance with the terms and conditions of this Agreement. 

        8.    Miscellaneous.    

        8.1.    Attorneys' Fees.    In any action, litigation, or proceeding
(collectively, "Action") between the parties arising out of or in relation to this Agreement, the prevailing party in the Action will be awarded, in addition to any damages, injunctions, or other
relief, and without regard to whether such Action is prosecuted to final appeal, such party's costs and expenses, including reasonable attorneys' fees. 

        8.2.    Headings.    The descriptive headings of the Sections of this
Agreement are inserted for convenience only, and do not constitute a part of this Agreement. 

        8.3.    Notices.    All notices and other communications hereunder
shall be in writing and shall be deemed given upon (a) oral or written confirmation of a receipt of a facsimile transmission, (b) confirmed delivery of a standard overnight courier or
when delivered by hand, or (c) the expiration of five (5) business days after the date mailed, postage prepaid, to the parties at the following addresses: 

	If to SCI to:	 	Sinclair Communications, Inc.

10706 Beaver Dam Road

Cockeysville, Maryland 21030

Attn: President
	

With a copy to:	
 	

Steven A. Thomas, Esquire

Thomas & Libowitz, P.A.

100 Light Street, Suite 1100

Baltimore, Maryland 21202
	

If to Employee to:	
 	

Employee's address as listed.

from time to time, in the

personnel records of SCI

or SBG (or any affiliate of either)

or
to such other address as will be furnished in writing by any party. Any such notice or communication will be deemed to have been given as of the date so mailed. 

        8.4.    Assignment.    SCI may assign this Agreement to SBG or any
parent of SCI, and Employee hereby consents and agrees to be bound by any such assignment by SCI. Employee may not assign, transfer, or delegate Employee's rights or obligations under this Agreement
and any attempt to do so is void. This Agreement is binding on and inures to the benefit of the parties, their successors and assigns, and the executors, administrators, and other legal
representatives of Employee. No other third parties, other than SBG Entities, shall have, or are intended to have, any rights under this Agreement. 

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        8.5.    Counterparts.    This Agreement may be signed in one or more
counterparts. 

        8.6.    Governing Law.    THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS
OF THE STATE OF MARYLAND (REGARDLESS OF THE LAWS THAT MIGHT BE APPLICABLE UNDER PRINCIPLES OF CONFLICTS OF LAW) AS TO ALL MATTERS (INCLUDING VALIDITY, CONSTRUCTION, EFFECT, AND PERFORMANCE.) 

        8.7.    Severability.    If the scope of any provision contained in
this Agreement is too broad to permit enforcement of such provision to its full extent, then such provision shall be enforced to the maximum extent permitted by law, and Employee hereby consents that
such scope may be reformed or modified accordingly and enforced as reformed or modified in any proceeding brought to enforce such provision. Subject to the immediately preceding sentence, whenever
possible, each provision of this Agreement will be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or
invalid under applicable law, such provision, to the extent of such prohibition or invalidity, shall not be deemed to be a part of this Agreement, and shall not invalidate the remainder of such
provision or the remaining provisions of this Agreement. 

        8.8.    Entire Agreement.    This Agreement constitutes the entire
agreement of the Employee and SCI regarding the Employee's employment by SCI. This Agreement supersedes and replaces the Former Agreement and all other prior agreements and understandings, written or
oral, among the parties with respect to the subject matter of this Agreement. This Agreement may not be amended or modified except by agreement in writing, signed by the party against whom enforcement
of any waiver, amendment, modification, or discharge is sought. 

        8.9.    Interpretation.    This Agreement is being entered into among
competent and experienced businessmen (who have had an opportunity to consult with counsel), and any ambiguous language in this Agreement will not necessarily be construed against any particular party
as the drafter of such language. 

        8.10.    Continuing Obligations.    The provisions contained in the
following sections of this Agreement will continue and survive the termination of this Agreement: 4.2, 5, 6 and 8. 

        8.11.    Taxes.    SCI may withhold from any payments under this
Agreement all applicable federal, state, city, or other taxes required by applicable law to be so withheld. 

        8.12.    Arbitration and Extension of Time.    Except as specifically
provided in Section 6, any dispute or controversy arising out of or relating to this Agreement shall be determined and settled by arbitration in Baltimore, Maryland in accordance with the
Commercial Rules of the American Arbitration Association then in effect, and the Federal Arbitration Act, 9 U.S.C. § 1 et seq., and judgment upon the award
rendered by the arbitrator(s) may be entered in any court of competent jurisdiction. The expenses of the arbitration shall be borne by the non-prevailing party to the arbitration,
including, but not limited to, the cost of experts, evidence, and legal counsel. Whenever any action is required to be taken under this Agreement within a specified period of time and the taking of
such action is materially affected by a matter submitted to arbitration, such period shall automatically be extended by the number of days, plus ten (10) that are taken for the determination of
that matter by the arbitrator(s). Notwithstanding the foregoing, the parties agree to use their best reasonable efforts to minimize the costs and frequency of arbitration hereunder. 

        THIS CONTRACT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES.

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the date first written above. 

	 	 	SINCLAIR COMMUNICATIONS, INC.
 
	

 	
 	

By:	

 Barry Drake, Vice President, CEO
	

 	
 	
EMPLOYEE:
	
 	
 	

 	

/s/  BARRY FABER      
 Barry Faber

8

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Exhibit 10.49

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Exhibit 10.50    
  

 
 

EMPLOYMENT AGREEMENT    
  

        THIS EMPLOYMENT AGREEMENT (this "Agreement") is effective as of this 21st day of February, 1997, between
Chesapeake Television, Inc., a Maryland corporation ("Company"), and Steven Marks ("Employee"). 

R E C I T A L S  

        A.    Company,
a subsidiary of Sinclair Communications, Inc. ("SCI"), owns or operates television broadcast stations WBFF-TV, WNUV-TV,
WTTO-TV, WABM-TV, WDBB-TV, WTVZ-TV and WSMH-TV (collectively, the "Station"). 

        B.    Company
desires to employ Employee as Regional Manager of Station, and Employee desires to accept such employment. 

        C.    Company
and Employee desire to set forth the terms of employment of Employee with Company as Regional Manager of the Station (including the granting to Employee of Stock
Options). 

        NOW, THEREFORE, IN CONSIDERATION OF the mutual covenants herein contained, the parties hereto agree as follows: 

        1.    Duties.    

        1.1.    Duties Upon Employment.    Upon the terms and subject to the other provisions of this
Agreement, commencing on the date hereof (the "Effective Date"), Employee will be employed by Company as Regional Manager of Station. As the Regional Manager, Employee will 

        (a)  report
to the Chief Executive Officer of SCI and such other senior officers of Company as the Chief Executive Officer designates; and 

        (b)  have
such responsibilities and perform such duties as may from time to time be established by the Chief Executive Officer or such other senior officers. 

        1.2.    Full-Time Employment.    While an employee of Company, Employee agrees to
devote Employee's full working time, attention, and best efforts exclusively to the business of Station. 

        2    Term.    

        2.1.    Term.    The term of Employee's employment as the Regional Manager of Station under
this Agreement (the "Employment Term") will begin on the Effective Date and continue until employment is terminated in accordance with Section 4. As used in this Agreement, an "employment year"
is a twelve (12) month period beginning on January 1 and ending on the next following December 31; provided, however, that the first "employment year" shall begin on the Effective
Date and shall end on December 31, 1997. 

        2.2.    At Will Employment.    Notwithstanding anything else in this Agreement, including,
without limitation, the provisions of Sections 2.1. and 3 regarding the employment term and compensation and benefits of Employee, respectively, the employment of Employee is not for a specified
period of time, and Company may terminate the employment of Employee with or without Cause (as defined below) at any time. There is not, nor will there be, unless in a writing signed by all of the
parties to this Agreement, any express or implied agreement as to the continued employment of Employee. 

        3.    Compensation and Benefits.    Employee is entitled to the compensation and benefits
described on Schedule A attached hereto on the terms and conditions stated therein. Contingent upon Employee's execution of this Agreement, Employee will also be granted options under both the
Long Term Incentive Plan ("LTIP") and Incentive Stock Option Plan ("ISO") to acquire shares of stock of Sinclair Broadcast Group, Inc. ("Parent"), subject to the terms and conditions contained
in the LTIP and ISO and Parent and the respective Stock Option Agreements attached hereto as Schedule B and Schedule C,
respectively. 

 

        4.    Employment Termination.    

        4.1.    Termination of Employment.    

        (a)  The
Employment Term will end, and the parties will not have any rights or obligations under this Agreement (except for the rights and obligations under those Sections of
this Agreement which are continuing and will survive the end of the Employment Term, as specified in Section 8.10 of this Agreement) on the earliest to occur of the following events (the
"Termination Date"): 

        (1)  the
death of Employee; 

        (2)  the
Disability (as defined in Section 4.1(b) below) of Employee; 

        (3)  the
termination of Employee's employment by Employee; 

        (4)  the
termination of Employee's employment by Company for Cause (as defined in Section 4.1(c) below); or 

        (5)  the
termination of Employee's employment by Company without Cause. 

        (b)  For
the purposes of this Agreement, "Disability" means Employee's inability, whether mental or physical, to perform the normal duties of Employee's position for ninety
(90) days (which need not be consecutive) during any twelve (12) consecutive month period, and the effective date of such Disability shall be the day next following such ninetieth (90th)
day. If Company and Employee are unable to agree as to whether Employee is disabled, the question will be decided by a physician to be paid by
Company and designated by Company, subject to the approval of Employee (which approval may not be unreasonably withheld) whose determination will be final and binding on the parties. 

        (c)  For
the purposes of this Agreement, "Cause" means any of the following: (i) the wrongful appropriation for Employee's own use or benefit of property or money
entrusted to Employee by Company, (ii) the commission of any act involving moral turpitude, (iii) Employee's continued wilful disregard of Employee's duties and responsibilities
hereunder after written notice of such disregard, (iv) Employee's continued violation of Company policy after written notice of such violations (such policy may include policies as to drug or
alcohol abuse), (v) any action by Employee which is reasonably likely to jeopardize a Federal Communications Commission license of any broadcast station owned directly or indirectly by Company,
or (vi) unsatisfactory performance by Employee of Employee's job or duties hereunder as determined by Company in Company's sole discretion. 

        4.2.    Termination Payments.    

        (a)  If
Employee's employment with Company terminates pursuant to Sections 4.1(a)(1), 4.1(a)(2), 4.1(a)(3), or 4.1(a)(5), Employee (or in the event of the death of Employee,
the person or persons designated by Employee in a written instrument delivered to Company prior to Employee's death or, if no such written designation has been made, Employee's estate) will be
entitled to receive, and Company will pay to the same, all of the following: 

        (1)  the
salary payable to Employee through the Termination Date; 

        (2)  a
payment in respect of unutilized vacation time that has accrued through the Termination Date (determined in accordance with corporate policies established by Company
and consistent with Schedule A hereof); and 

        (3)  the
benefits, if any, set forth in the Incentive Stock Option Plan, upon the terms and conditions set forth therein, but only to the extent that Employee is entitled to
such benefits pursuant to the provisions of the Incentive Stock Option Plan. 

2

 

        (b)  If
Employee's employment with Company terminates pursuant to Section 4.1(a)(4), Employee will be entitled to receive, and Company will pay to Employee, only the
salary payable to Employee through the Termination Date (and Employee shall not be entitled to any benefits under the Incentive Stock Option Plan); provided, however, that if Employee's employment
terminates pursuant to Subsection
(vi) of Section 4.1(c), Employee shall be entitled to the benefits, if any, set forth in the Incentive Stock Option Plan in accordance with the terms of Subsection (3) of this
Section 4.2. 

        (c)  The
termination payments described in this Section 4 will be in lieu of any termination or severance payments required by Company policy or, to the fullest extent
permissible thereunder, applicable law (including unemployment compensation) and will constitute Employee's exclusive rights and remedies with respect to termination of Employee's employment. 

        5.    Confidentiality and Non-Competition.    

        5.1.    Confidential Information.    

        (a)  Employee
will: 

        (1)  keep
all Confidential Information in trust for the use and benefit of Company, SCI, SBG, and any affiliate or subsidiary of Company, SCI, or SBG (collectively, the
"Company Entities") and broadcast stations owned or operated directly or indirectly by any of the Company Entities; 

        (2)  not,
except as required by Employee's duties under this Agreement, authorized by the General Counsel of Company or as required by law or any order, rule, or regulation
of any court or governmental agency (but only after notice to Company of such requirement), at any time during or after the termination of Employee's employment with Company, directly or indirectly,
use, publish, disseminate, distribute, or otherwise disclose any Confidential Information (as defined below); 

        (3)  take
all reasonable steps necessary, or reasonably requested by any of the Company Entities, to ensure that all Confidential Information is kept confidential for the use
and benefit of the Company Entities; and 

        (4)  upon
termination of Employee's employment or at any other time any of the Company's Entities in writing so request, promptly deliver to such Company Entity all materials
constituting Confidential Information relating to such Company Entity (including all copies) that are in Employee's possession or under Employee's control. If requested by any of the Company Entities
to return any Confidential Information, Employee will not make or retain any copy of or extract from such materials. 

        (b)  For
purposes of this Section 5.1, Confidential Information means any proprietary or confidential information of or relating to any of the Company Entities that is
not generally available to the public.
Confidential Information includes all information developed by or for any of the Company Entities concerning marketing used by any of the Company Entities, suppliers, any customers (including
advertisers) with which any of the Company Entities has dealt prior to the Termination Date, plans for development of new services and expansion into new areas or markets, internal operations,
financial information, operations, budgets, and any trade secrets or proprietary information of any type owned by any of the Company Entities, together with all written, graphic, other materials
relating to all or any of the same, and any trade secrets as defined in the Maryland Uniform Trade Secrets Act, as amended from time to time. 

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        5.2.    Non-Competition.    

        (a)  During
the Employment Term and for six (6) months thereafter, if Employee's employment is terminated for any reason, Employee will not, directly or indirectly,
participate in any activity involved in the ownership or operation of any television broadcast station (other than television broadcast stations owned or operated by any of the Company Entities)
within any designated market area (as defined below) in which any of the Company Entities owns or operates a television broadcast station. As used herein, "participate" means lending one's name to,
acting as consultant or advisor to, being employed by or acquiring any direct or indirect interest in any business or enterprise, whether as a stockholder, partner, officer, director, employee,
consultant, or otherwise. 

        (b)  During
the Employment Term and for six (6) months thereafter (regardless of the reason why Employee's employment is terminated), Employee will not directly or
indirectly: 

        (i)    hire,
attempt to hire, or to assist any other person or entity in hiring or attempting to hire any employee of any of the Company Entities or any person who was an
employee of any of the Company Entities within the prior one (1) year period; or 

        (ii)  solicit,
in competition with any of the Company Entities, the business of any customer of any of the Company Entities or any entity whose business any of the Company
Entities solicited during the one (1) year period prior to Employee's termination. 

        (c)  Notwithstanding
anything else contained in this Section 5.2, Employee may own, for investment purposes only, up to five percent (5%) of the stock of any
publicly-held corporation whose stock is either listed on a national stock exchange or on the NASDAQ National Market System if Employee is not otherwise affiliated with such corporation. 

        (d)  In
the event that (i) SCI places all or substantially all of its broadcast stations up for sale within one (1) year after termination of Employee's
employment hereunder, or (ii) Employee's employment is terminated in connection with the disposition of all or substantially all of such stations (whether by sale of assets, equity, or
otherwise), Employee agrees to be bound by, and to execute such additional instruments as may be necessary or desirable to evidence Employee's agreement to be bound by, the terms and conditions of any
non-competition provisions relating to the purchase and sale agreement for such stations, without any consideration beyond that expressed in this Agreement, provided that the purchase and
sale agreement is negotiated in good faith with customary terms and provisions, and the transaction contemplated thereby is consummated. Notwithstanding the foregoing, in no event shall Employee be
bound by, or obligated to enter into, any non-competition provisions referred to in this Section 5.2(d) which extend beyond one (1) year in the case of terminations for any
reason other than pursuant to Section 4.1(a)(5) or beyond six (6) months in the case of terminations pursuant to Section 4.1(a)(5), in each case from the date of termination of
Employee's employment hereunder or whose scope extends the scope of the non-competition provisions set forth in Section 5.2(a) (as limited by Sections 5.2(b) and (c) above). 

        (e)  The
six (6) month and one (1) year time periods referred to above shall be tolled on a day-for-day basis for each day during which
Employee participates in any activity in violation of this Section 5.2 of this Agreement so that Employee is restricted from engaging in the conduct referred to in this Section 5.2 for a
full six (6) months or one (1) year, as the case may be. 

        (f)    For
purposes of this Section 5.2, designated market area shall mean the Designated Market Area ("DMA") as defined by The A.C. Nielsen Company (or such other
similar term as is used from time to time in the television broadcast community). 

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        5.3.    Acknowledgment.    Employee acknowledges and agrees that this Agreement (including,
without limitation, the provisions of Sections 5 and 6) is a condition of Employee's being employed by Company, Employee's having access to Confidential Information, Employee's being eligible
to receive the items referred to in Sections 3 and Schedule A (including, without limitation, Employee's eligibility to participate in the Incentive Stock Option
Plan), Employee's advancement at Company, and Employee being eligible to receive other special benefits at Company; and further, that this Agreement is entered into, and is reasonably necessary, to
protect the Company Entities' investment in Employee's training and development, and to protect the goodwill and other business interests of the Company Entities. 

        6.    Remedies.    

        6.1.    Injunctive Relief.    The covenants and obligations contained in Section 5
relate to matters which are of a special, unique, and extraordinary character and a violation of any of the terms of such Section will cause irreparable injury to the Company Entities, the amount of
which will be impossible to estimate or
determine and which cannot be adequately compensated. Therefore, Company Entities will be entitled to an injunction, restraining order or other equitable relief from any court of competent
jurisdiction (subject to such terms and conditions that the court determines appropriate), restraining any violation or threatened violation of any of such terms by Employee and such other persons as
the court orders. The parties acknowledge and agree that judicial action, rather than arbitration, is appropriate with respect to the enforcement of the provisions of Section 5. The forum for
any litigation hereunder shall be the Circuit Court of Baltimore County or the United States District Court (Northern Division) sitting in Baltimore, Maryland. 

        6.2.    Cumulative Rights and Remedies.    Rights and remedies provided by Section 5
are cumulative and are in addition to any other rights and remedies any of the Company Entities may have at law or equity. 

        7.    Absence of Restrictions.    Employee warrants and represents that Employee is not a
party to or bound by any agreement, contract, or understanding, whether of employment or otherwise, with any third person or entity which would in any way restrict or prohibit Employee from
undertaking or performing employment with Company in accordance with the terms and conditions of this Agreement. 

        8.    Miscellaneous.    

        8.1.    Attorneys' Fees.    In any action, litigation, or proceeding (collectively, "Action")
between the parties arising out of or in relation to this Agreement, the prevailing party in the Action will be awarded, in addition to any damages, injunctions, or other relief, and without regard to
whether such Action is prosecuted to final appeal, such party's costs and expenses, including reasonable attorneys' fees. 

        8.2.    Headings.    The descriptive headings of the Sections of this Agreement are inserted
for convenience only, and do not constitute a part of this Agreement. 

        8.3.    Notices.    All notices and other communications hereunder shall be in writing and
shall be deemed given upon (a) oral or written confirmation of a receipt of a facsimile transmission, (b) confirmed delivery of a standard overnight courier or when delivered by hand, or
(c) the expiration 

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of five (5) business days after the date mailed, postage prepaid, to the parties at the following addresses: 

	 	If to Station to:	 	WBFF-TV

2000 W. 41st Street

Baltimore, Maryland 21211
	

 	

 	
 	

Attn: General Manager or Regional Director
	

 	

 	
 	
CONFIDENTIAL
 
	

 	

With a copy to:	
 	

Sinclair Communications, Inc.

2000 W. 41st Street

Baltimore, Maryland 21211
	

 	

 	
 	

Attn: President
	

 	

If to Employee to:	
 	

Steven Marks

2000 W. 41st Street

Baltimore, Maryland 21211

or
to such other address as will be furnished in writing by any party. Any such notice or communication will be deemed to have been given as of the date so mailed. 

        8.4.    Assignment.    Company may assign this Agreement to any of the Company Entities, and
Employee hereby consents and agrees to be bound by any such assignment by Company. Employee may not assign, transfer, or delegate Employee's rights or obligations under this Agreement and any attempt
to do so is void. This Agreement is binding on and inures to the benefit of the parties, their successors and assigns, and the executors, administrators, and other legal representatives of Employee.
No other third parties, other than Company Entities, shall have, or are intended to have, any rights under this Agreement. 

        8.5.    Counterparts.    This Agreement may be signed in one or more counterparts. 

        8.6.    Governing Law.    THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS
OF THE STATE OF MARYLAND (REGARDLESS OF THE LAWS THAT MIGHT BE APPLICABLE UNDER PRINCIPLES OF CONFLICTS OF LAW) AS TO ALL MATTERS (INCLUDING VALIDITY, CONSTRUCTION, EFFECT, AND
PERFORMANCE.)

        8.7.    Severability.    If the scope of any provision contained in this Agreement is too
broad to permit enforcement of such provision to its full extent, then such provision shall be enforced to the maximum extent permitted by law, and Employee hereby consents that such scope may be
reformed or modified accordingly, and enforced as reformed or modified, in any proceeding brought to enforce such provision. Subject to the immediately preceding sentence, whenever possible, each
provision of this Agreement will be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under
applicable law, such provision, to the extent of such prohibition or invalidity, shall not be deemed to be a part of this Agreement, and shall not invalidate the remainder of such provision or the
remaining provisions of this Agreement. 

        8.8.    Entire Agreement.    This Agreement, including the Schedules attached hereto, and the
Incentive Stock Option Plan constitute the entire agreement, and supersede all prior agreements and understandings, written or oral, among the parties with respect to the subject matter of this
Agreement and the Incentive Stock Option Plan. This Agreement may not be amended or modified except by agreement in writing, signed by the party against whom enforcement of any waiver, amendment,
modification, or discharge is sought. 

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        8.9.    Interpretation.    This Agreement is being entered into among competent and
experienced business professionals (who have had an opportunity to consult with counsel), and any ambiguous language in this Agreement will not necessarily be construed against any particular party as
the drafter of such language. 

        8.10.    Continuing Obligations.    The following provisions of this Agreement will continue
and survive the termination of this Agreement: 4.2, 5, 6, 7 and 8. 

        8.11.    Taxes.    Company may withhold from any payments under this Agreement all applicable
federal, state, city, or other taxes required by applicable law to be so withheld. 

        8.12.    Arbitration and Extension of Time.    Except as specifically provided in
Section 6, any dispute or controversy arising out of or relating to this Agreement shall be determined and settled by arbitration in Baltimore, Maryland in accordance with the Commercial Rules
of the American Arbitration Association then in effect, the Federal Arbitration Act, 9 U.S.C. § 1 et seq., and the Maryland Uniform Arbitration Act, and
judgment upon the award rendered by the arbitrator(s) may be entered in any court of competent jurisdiction. The expenses of the arbitration shall be borne by the non-prevailing party to
the arbitration, including, but not limited to, the cost of experts, evidence, and legal counsel. Whenever any action is required to be taken under this Agreement within a specified period of time and
the taking of such action is materially affected by a matter submitted to arbitration, such period
shall automatically be extended by the number of days, plus ten (10) that are taken for the determination of that matter by the arbitrator(s). Notwithstanding the foregoing, the parties agree
to use their best reasonable efforts to minimize the costs and frequency of arbitration hereunder. 

        THIS AGREEMENT CONTAINS A WAIVER OF YOUR RIGHT TO A TRIAL BY COURT OR JURY IN EMPLOYMENT DISPUTES.

        THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES.  

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the date first written above. 

	 	 	CHESAPEAKE TELEVISION, INC.
	

 	
 	

By:	

	

 	
 	

Its:	

	

 	
 	

 	

/s/  STEVEN MARKS      
 Steven Marks

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QuickLinks

Exhibit 10.50

EMPLOYMENT AGREEMENT

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