SEC Contract Filing

Filing Date: 2022-05-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>nxst-ex10_2.htm
<DESCRIPTION>EX-10.2
<TEXT>
<html>
 <head>
 <title>EX-10.2</title>
 </head>
 <body>
 <p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><font style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Exhibit 10.2</font></p>
 <p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:12.0pt;text-align:center;"><font style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:12.0pt;font-family:Times New Roman;min-width:fit-content;">EXECUTIVE EMPLOYMENT AGREEMENT</font></p>
 <p style="text-indent:6.667%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:12.0pt;text-align:left;"><font style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">THIS EXECUTIVE EMPLOYMENT AGREEMENT (the &#x201c;Agreement&#x201d;) is made as of August 26, 2019 by and between Sean Compton (&#x201c;Executive&#x201d;), and Nexstar Media Group, Inc., a Delaware corporation (the &#x201c;Company&#x201d;).</font></p>
 <p style="text-indent:6.667%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:12.0pt;text-align:left;"><font style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The Company desires to retain the services of Executive as Executive Vice President &#x2013; WGNA/WGN Radio &amp; Director of Content Acquisition, and Executive desires to be employed by the Company in such capacity on the terms and conditions set forth in this Agreement.</font></p>
 <p style="text-indent:6.667%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:12.0pt;text-align:left;"><font style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">In consideration of the mutual promises set forth herein and the mutual benefits to be derived from this Agreement, the parties hereto, intending to be legally bound, hereby agree as follows:</font></p>
 <div style="text-indent:0.0%;font-size:0;margin-top:0.0pt;line-height:1.15;justify-content:flex-start;align-items:baseline;margin-bottom:12.0pt;text-align:left;"><font style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10.0pt;font-family:Times New Roman;justify-content:flex-start;">1.</font><div style="display:inline;"><font style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Positions and Duties. Subject to the terms and conditions of this Agreement, during the term of this Agreement, which will commence on the date of the closing of the merger agreement between the Company and Tribune Media Company (the &#x201c;Closing Date&#x201d;), the Company will employ Executive and Executive will serve as Executive Vice President &#x2013; WGNA/WGN Radio &amp; Director of Content Acquisition. In such position, Executive will perform such duties of a managerial nature as are assigned to him from time to time by the Company&#x2019;s chief executive officer (the &#x201c;CEO&#x201d;) and/or its board of directors (the &#x201c;Board&#x201d;). Executive will devote his best efforts to his employment with the Company and will devote substantially all of his business time and attention to the performance of his duties under this Agreement; provided that the foregoing will not preclude Executive from devoting reasonable time to the supervision of his personal investments, civic and charitable affairs, so long as such activities do not materially interfere with the performance of Executive&#x2019;s duties hereunder. This position will be based at the Company&#x2019;s corporate offices in Chicago, Illinois.</font></div></div>
 <div style="text-indent:0.0%;font-size:0;margin-top:0.0pt;line-height:1.15;justify-content:flex-start;align-items:baseline;margin-bottom:12.0pt;text-align:left;"><font style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10.0pt;font-family:Times New Roman;justify-content:flex-start;">2.</font><div style="display:inline;"><font style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Term of Employment. Unless terminated earlier as provided in Paragraph 3, the Company&#x2019;s employment of Executive under this Agreement will continue for four (4) years from the Closing Date, provided, however, that the term of employment under this Agreement will be automatically renewed for successive one-year periods (the first of which will commence on the fourth anniversary of the Closing Date) unless, at least ninety (90) days prior to the end of the then current term of employment under this Agreement, Executive or the Company gives written notice to the other of the notifying party&#x2019;s intent not to renew the term of employment under this Agreement as of the end of the then current term.</font></div></div>
 <div style="text-indent:0.0%;font-size:0;margin-top:0.0pt;line-height:1.15;justify-content:flex-start;align-items:baseline;margin-bottom:12.0pt;text-align:l