SEC Contract Filing

Filing Date: 2024-05-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>batra-20240331xex10d4.htm
<DESCRIPTION>EX-10.4
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 10.6.125.0--><!--Created on: 5/7/2024 03:39:27 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="margin-top:30pt;min-height:36pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">Exhibit 10.4</b></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">ATLANTA BRAVES HOLDINGS, INC.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2023 OMNIBUS INCENTIVE PLAN</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">PERFORMANCE-BASED RESTRICTED STOCK UNITS AGREEMENT</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">THIS PERFORMANCE-BASED RESTRICTED STOCK UNITS AGREEMENT</b> (this &#8220;Agreement&#8221;) is entered into effective as of [&#9679;] by and between ATLANTA BRAVES HOLDINGS, INC., a Nevada corporation (the &#8220;Company&#8221;), and Gregory B. Maffei (the &#8220;Grantee&#8221;). </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;"><a name="_Hlk25919521"></a>The Grantee is employed as of the Grant Date as the President and Chief Executive Officer of Liberty Media Corporation (&#8220;LMC&#8221;) and the President and Chief Executive Officer and Executive Chairman of the Company pursuant to the terms of an employment agreement between LMC and the Grantee dated effective as of December 13, 2019 (as amended and/or amended and restated from time to time, the &#8220;Employment Agreement&#8221;) and a Services Agreement between LMC and the Company dated as of July 18, 2023 (as amended and/or amended and restated from time to time, the &#8220;Services Agreement&#8221;). &#160;The Company has adopted the Atlanta Braves Holdings, Inc. 2023 Omnibus Incentive Plan (as may be amended prior to or after the Grant Date, the &#8220;Plan&#8221;), a copy of which as in effect on the Grant Date is attached via a link at the end of this online Agreement as Exhibit A and by this reference made a part hereof, for the benefit of eligible employees and independent contractors of the Company and its Subsidiaries. &#160;Capitalized terms used and not otherwise defined herein or in the Employment Agreement will have the meaning given thereto in the Plan. </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">The Company and the Grantee therefore agree as follows: </p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;margin-bottom:12pt;margin-left:0pt;text-align:justify;text-indent:36pt;"><font style="color:#010000;display:inline-block;min-width:36pt;text-indent:0pt;white-space:nowrap;">1.</font>Definitions<font style="font-weight:normal;">. &#160;All capitalized terms not defined in this Agreement that are defined in the Employment Agreement will have the meanings ascribed to them in the Employment Agreement. &#160;The following terms, when used in this Agreement, have the following meanings:</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;2024 Performance Equity Program&#8221; means the 2024 Performance Equity Program approved by the Committee on [&#9679;], which established performance criteria with respect to vesting of the Restricted Stock Units, a copy of which has been provided to the Grantee. </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;BATRK Common Stock&#8221; means the Company&#8217;s Series C Liberty Braves Common Stock, $0.01 par value.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;BATRK Restricted Stock Units&#8221; means Restricted Stock Units that represent the right to receive shares of BATRK Common Stock.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;Cause&#8221; has the meaning specified in the Employment Agreement. </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;Close of Business&#8221; means, on any day, 5:00 p.m., Denver, Colorado time. &#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">&#8220;Committee&#8221; means the Compensation Committee of the Board of Directors of the Company. </p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:3