SEC Contract Filing

Filing Date: 2016-02-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101.htm
<DESCRIPTION>EXHIBIT 10.1
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<a name="s905AE4F356E0CB00DD5CA3F26AC6C6D8"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.1</font></div></div><br><div style="line-height:120%;text-align:justify;"><img src="employmentagreementimage1a01.jpg" style="height:105px;width:489px;"></div><div style="line-height:120%;text-align:right;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">October 1, 2014</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">Scott Mills</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">c/o Viacom Inc.</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">1515 Broadway</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">New York, NY 10036</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">Dear Mr. Mills:</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:48px;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">Viacom Inc. (the &#8220;</font><font style="font-family:inherit;font-size:10.5pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:10.5pt;">&#8221;) agrees to employ you, and you accept such employment, on the terms and conditions set forth in this letter agreement (&#8220;</font><font style="font-family:inherit;font-size:10.5pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:10.5pt;">&#8221;). For purposes of this Agreement, &#8220;</font><font style="font-family:inherit;font-size:10.5pt;text-decoration:underline;">Viacom</font><font style="font-family:inherit;font-size:10.5pt;">&#8221; shall mean Viacom Inc. and its subsidiaries. </font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:48px;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">1.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10.5pt;text-decoration:underline;">Contract Period</font><font style="font-family:inherit;font-size:10.5pt;">. The term of your employment under this Agreement shall begin on October 1, 2014 (the &#8220;</font><font style="font-family:inherit;font-size:10.5pt;text-decoration:underline;">Effective Date</font><font style="font-family:inherit;font-size:10.5pt;">&#8221;) and, unless terminated earlier as set forth herein, shall continue through and including September 30, 2018.&#160; The period from the Effective Date through September 30, 2018 is referred to as the &#8220;</font><font style="font-family:inherit;font-size:10.5pt;text-decoration:underline;">Contract Period</font><font style="font-family:inherit;font-size:10.5pt;">&#8221;, even if your employment terminates earlier for any reason.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:48px;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">2.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10.5pt;text-decoration:underline;">Duties</font><font style="font-family:inherit;font-size:10.5pt;">. You shall be Executive Vice President, Human Resources and Administration and shall devote your entire business time, attention and energies to the business of the Company during your employment with the Company. You shall be responsible for all human resources, security and facilities affairs of the Company.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:48px;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">3.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10.5pt;text-decoration:underline;">Compensation</font><font style="font-family:inherit;font-size:10.5pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:48px;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;">(a)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10.5pt;text-decoration:underline;">Salary</font><font style="font-family:inherit;font-size:10.5pt;">.&#160; The Company shall pay you base salary (as may be increased, &#8220;</font><font style="font-family:inherit;font-size:10.5pt;text-decoration:underline;">Salary</font><font style="font-family:inherit;font-size:10.5pt;">&#8221;) at a rate of One Million Three Hundred Fifty Thousand Dollars ($1,350,000) per year for all of your services as an employee. Your Salary shall be subject to merit reviews, on or about an annual basis, while actively employed during the Contract Period and may, at that time, be increased but not decreased. Your Salary, less deductions and income and payroll tax withholding as may be req