iHeartMedia 2004 Annual Report Download - page 161
Download and view the complete annual report
Please find page 161 of the 2004 iHeartMedia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162 -
163 -
164 -
165 -
166 -
167 -
168 -
169 -
170 -
171 -
172
-
173
-
174
-
175
-
176
-
177
-
178
 |
 |
Executive shall continue to receive his full Base Salary set forth in Section
5(a) until his employment is terminated pursuant to Section 6(b). In the event
Executive’s employment is terminated for Disability pursuant to Section 6(b):
(i) the Company shall pay to Executive (A) his Base Salary,
Bonus and accrued vacation pay through the Date of Termination, as soon as
practicable following the Date of Termination, and (B) continued Base
Salary (as provided for in Section 5(a)) and Continued Benefits for seven
(7) years; and
(ii) the Company shall reimburse Executive pursuant to Section
5 for reasonable expenses incurred, but not paid prior to such termination
of employment; and
(iii) Executive shall be entitled to any other rights,
compensation and/or benefits as may be due to Executive in accordance with
the terms and provisions of any agreements, plans or programs of the
Company; and
(iv) Executive shall be paid the amount of compensation or
contributions (as the case may be) by the Company that Executive would
have been entitled to receive (assuming he would have received the maximum
amount payable or contributable under each plan or arrangement for any
year) under any plan or arrangement he was then participating (or entitled
to participate in) for a seven (7) year period following the Date of
Termination.
(d) Death. If Executive’s employment is terminated by his death:
(i) the Company shall pay in a lump sum to Executive’s
beneficiary, legal representatives or estate, as the case may be,
Executive’s Base Salary, Bonus and accrued vacation pay through the Date
of Termination and $1,000,000 (which may be paid through insurance) and
shall provide Executive’s spouse and dependents with Continued Benefits
for seven (7) year; and
(ii) the Company shall reimburse Executive’s beneficiary,
legal representatives, or estate, as the case may be, pursuant to Section
5 for reasonable expenses incurred, but not paid prior to such termination
of employment; and
(iii) Executive’s beneficiary, legal representatives or
estate, as the case may be, shall be entitled to any other rights,
compensation and benefits as may be due to any such persons or estate in
accordance with the terms and provisions of any agreements, plans or
programs of the Company; and
(iv) Executive’s beneficiary, legal representatives or estate,
as the case may be shall be paid the amount of compensation or
contributions (as the case may be) by the Company that Executive would
have been entitled to receive (assuming he would have received the maximum
amount payable or contributable under each plan or arrangement for any
year) under any plan or arrangement he was then participating (or entitled
to participate in) for a seven (7) year period following the Date of
Termination.
11