SEC Contract Filing

Filing Date: 2016-02-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.15
<SEQUENCE>4
<FILENAME>ex-1015johnbatteremploymen.htm
<DESCRIPTION>EXHIBIT 10.15
<TEXT>
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<a name="s9a6bfe31348f48b3a315d309694f1715"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:8px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.15</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">AMENDMENT (the </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">"Amendment")</font><font style="font-family:inherit;font-size:10pt;">&#32;dated as of </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">September 25</font><font style="font-family:inherit;font-size:10pt;">, 2015, to the Letter Agreement (the </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">"Agreement"),</font><font style="font-family:inherit;font-size:10pt;">&#32;dated as of July 27, 2014, between Tribune Media Company (the </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">"Company"),</font><font style="font-family:inherit;font-size:10pt;">&#32;and John Batter </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">("Executive").</font><font style="font-family:inherit;font-size:10pt;">&#32;</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, the Company and Executive desire to amend certain matters in the Agreement as set forth herein.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein and other good and valuable consideration, and intending to be legally bound hereby, the parties hereto agree as set forth below:</font></div><div style="line-height:120%;padding-left:48px;padding-bottom:8px;text-align:left;text-indent:48px;"><font style="padding-bottom:8px;text-align:left;font-family:inherit;font-size:10pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:10pt;">The following shall be inserted as </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Section 9(d)</font><font style="font-family:inherit;font-size:10pt;">&#32;(and each successive subsection and references to any such subsection shall be renumbered accordingly):</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Change in Control Termination.</font><font style="font-family:inherit;font-size:10pt;">&#32;If a Change in Control shall occur following the date hereof and, within the one year period immediately following the Change in Control, your employment is terminated by the Company without Cause (other than due to death or Disability) or by you for Good Reason, all unvested Options, RSUs and PSUs then held by you shall automatically vest in full upon the effective date of your termination of employment.</font></div><div style="line-height:120%;padding-left:48px;padding-bottom:8px;text-align:left;text-indent:48px;"><font style="padding-bottom:8px;text-align:left;font-family:inherit;font-size:10pt;padding-right:48px;">2.</font><font style="font-family:inherit;font-size:10pt;">The following shall be inserted in alphabetical order in </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Section 9(d)</font><font style="font-family:inherit;font-size:10pt;">&#32;(and each successive subsection and references to any such subsection shall be renumbered accordingly):</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">"Change in Control"</font><font style="font-family:inherit;font-size:10pt;">&#32;shall be deemed to occur upon: (a) the acquisition, through a transaction or series of transactions (other than through a public offering of the Company's common stock under the Securities Act of 1933, as amended (the </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">"Securities Act")</font><font style="font-family:inherit;font-size:10pt;">&#32;or similar law or regulation governing the offering and sale of securities in a jurisdiction other than the United States), by any person or entity of beneficial ownership (as defined in Rule 13d-3 promulgated under Section 13 of the Securities Exchange Act of 1934, as amended (the </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">"Exchange</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;">Act"), "Beneficial Ownership") of more than 50% (on a fully diluted basis) of either (A) the then-outstanding shares of common stock of the Company taking into account as outstanding for this purpose such common stock issuable upon the exercise of options or warrants, the conversion of convertible stock or debt, and the exercise of any similar right to acquire such common s