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AMENDMENT TO EMPLOYMENT
AGREEMENT
This is an
amendment, dated March 31, 2009 (the “Amendment”),
to the Employment Agreement, dated December 28, 2007 and
effective April 1, 2009 (the “Successive
Agreement”), between SAGA COMMUNICATIONS, INC. (the
“Corporation”) and EDWARD K. CHRISTIAN
(“Christian”).
WHEREAS, the
Corporation and Christian desire to amend (a) Section 5
of the Successive Agreement to allow the elective deferral by
Christian of annual salary to be paid by the Corporation to
Christian in accordance with the Successive Agreement and
(b) Section 7 of the Successive Agreement to make express
reference to the Corporation’s Chief Executive Officer Annual
Incentive Plan for determination of Christian’s
bonus.
NOW THEREFORE, IN
CONSIDERATION of the premises and covenants of the Successive
Agreement, it is hereby agreed as follows:
Section 5 of
the Successive Agreement is amended to add the following at the end
of such section:
“Upon
written election by Christian delivered to the Corporation,
Christian may defer any or all of the annual salary payable to
Christian pursuant to this Section 5 during the Term. For
def
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