SEC Contract Filing

Filing Date: 2021-02-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>3
<FILENAME>amcx-123120xex109.htm
<DESCRIPTION>EX-10.9
<TEXT>
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<title>Document</title></head><body><div id="i641d822786f5456aa464ff3da74ba124_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">EXECUTION VERSION</font></div><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">December 11, 2020</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Mr. Joshua W. Sapan</font></div><div style="margin-bottom:0.12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">AMC Networks Inc.</font></div><div style="margin-bottom:0.12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Eleven Pennsylvania Plaza</font></div><div style="margin-bottom:0.12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">New York, NY 10001</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Re&#58; AMENDED AND RESTATED EMPLOYMENT AGREEMENT</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Dear Josh&#58;</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">This letter, effective upon the date hereof, will confirm the terms of your employment by AMC Networks Inc. (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;) and hereby amends and restates your amended and restated employment agreement dated April 24, 2014.</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27pt">Your title shall remain President and Chief Executive Officer and you will continue to have the powers, responsibilities, duties and authority customary for the chief executive officer of corporations of the size, type and nature of the Company, including, without limitation, those powers, responsibilities, duties and authority you had immediately prior to the date hereof. You will report solely and directly to the Chairman of the Board of Directors of the Company. During your employment as President and Chief Executive Officer, you shall be the highest ranking executive officer of the Company other than the Chairman of the Board. You agree to devote substantially all of your business time and attention to the business and affairs of the Company. Either you or the Company may, upon written notice to the other at least ninety (90) days prior to December 31, 2021, change your title to Vice Chairman for the 2022 calendar year. If your title is so changed to Vice Chairman, your responsibilities will include (i) being available to management and the Board of Directors of the Company on distribution and other related matters and (ii) such other responsibilities as may be assigned to you by or at the direction of the Chairman of the Board commensurate with your experience and reasonably consistent with such responsibilities for a similarly situated executive. You will report solely and directly to the Chairman of the Board. If neither party provides notice to change your title as provided for above, then you shall remain President and Chief Executive Officer for 2022. For avoidance of doubt, in event either party provides notice and you thereby transition to Vice Chairman for the calendar year 2022, your transition, and any change to your powers, responsibilities, duties and authority as well as compensation as provided hereunder, shall not constitute &#8220;Good Reason&#8221; (as defined in Annex A) under this Agreement or any other arrangement between you and the Company.</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:27pt">Your annual base salary will be a minimum of $2,000,000, subject to annual review and potential increase by the Compensation Committee of the Board of Directors of the Company (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Compensation Committee</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;) in its discretion. Your annual base salary shall not be reduced during the term of this Agreement.</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-indent:-36pt"><font style="color:#000000;fo