Amendment to Employment ArrangementsEmployment Agreement Amendment |
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CABLEVISION SYSTEMS CORP. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Search Employment Agreement Amendment by:
Exhibit 10.48
March 2, 2005
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Mr. Hank Ratner, |
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Cablevision Systems Corporation, |
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1111 Stewart Avenue, |
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Bethpage, NY 11714. |
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Re: |
Amendment to Employment Arrangements |
Dear Hank:
This letter amends your employment arrangements with Cablevision Systems Corporation (the “Company”).
1.
Background
Congress recently enacted Section 409A of the Internal Revenue Code of 1986 (“Section 409A”). Section 409A became effective at the beginning of this year and would impose an additional tax on some of the existing benefits and rights to which you could become entitled in connection with termination of employment unless we amend those entitlements before the end of this year and implement them in compliance with Section 409A. The purpose of this letter is to amend these entitlements to comply and to ensure the Company does not take any actions that would expose you to the additional tax.
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