SEC Contract Filing

Filing Date: 2018-10-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>amcx101218ex-102.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<div><a name="sB4AAC3FFEDCDD6ED74D9689A4FAB7F26"></a></div><div><div style="line-height:120%;text-align:right;text-indent:624px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exhibit 10.2</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:center;"><img src="gallagherjamieemploym_image1.jpg" alt="gallagherjamieemploym_image1.jpg" style="height:88px;width:253px;"></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;padding-left:192px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;October 12, 2018</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Mr. James G. Gallagher </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">AMC Networks Inc. </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">11 Penn Plaza </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">New York, NY 10001</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:96px;text-indent:-48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:12pt;">Re:</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Employment Agreement</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Dear Jamie:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This letter (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) will confirm the terms of your continued employment by AMC Networks Inc. (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Company</font><font style="font-family:inherit;font-size:12pt;">&#8221;) as an at will employee with the title of Executive Vice President&#160;&#8211; General Counsel. This Agreement will supersede and replace the letter agreement between you and the Company, dated April 13, 2016, and any and all other discussions, understandings or arrangements regarding the subject matter herein. This Agreement will be effective as of October 10, 2018 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Effective Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The term of this Agreement (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Term</font><font style="font-family:inherit;font-size:12pt;">&#8221;) shall commence as of the Effective Date and shall automatically expire on December 31, 2022 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Expiration Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">You agree to devote substantially all of your business time and attention to the business and affairs of the Company and to perform your duties in a diligent, competent and skillful manner and in accordance with applicable law.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Beginning on the Effective Date, your annual base salary will be a minimum of $800,000, subject to annual review and potential increase by the Compensation Committee of the Board of Directors of the Company (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Compensation Committee</font><font style="font-family:inherit;font-size:12pt;">&#8221;), in its discretion. The Compensation Committee will continue to review your compensation package on an annual basis. You will also continue to participate in our discretionary annual bonus program, provided that your annual target bonus opportunity will increase