that Executive may participate in civic, charitable and other outside activities
permitted with the consent of the Board, which consent shall not be unreasonably
(c) The Company acknowledges that, subject to the restrictions set forth in
the Exclusivity Agreement, prior to the date of termination of employment with
the Company, Executive may seek to manage or invest in cable television systems
not owned by the Company. Executive may engage in such other transactions,
subject always to a minimum commitment to the Company consistent with reasonable
commercial efforts to perform the duties hereunder.
4. Base Salary. During the term of Executive's employment hereunder, the
Company shall pay Executive an annual base salary (the "Base Salary") at the
initial annual rate of $225,000, payable in regular installments in accordance
with the Company's usual payment practices but no less frequently than monthly
during the Employment Term. Executive's Base Salary shall be reviewed at least
annually for increase in the reasonable discretion of the Board.
5. Bonus. Executive shall participate in the Renaissance Media LLC Annual
Executive Bonus Plan attached as Exhibit A hereto (as such plan may be amended
from time to time after the date hereof), and pursuant to such plan, will be
eligible to receive a bonus on an annual basis (the "Bonus") for services
rendered during each fiscal year within the Employment Term.
6. Employee Benefits. Executive shall participate in all employee benefits
plans of the Company on the same basis as those benefits are generally made
available from time to time to senior executives of the Company on a basis
commensurate with Executive's position.
7. Business Expenses and Perquisites. Travel and other business expenses
reasonably incurred by Executive in the performance of his or her duties
hereunder shall be reimbursed by the Company in accordance with Company
(a) For Cause by the Company. Executive's employment hereunder may be
terminated by the Company for Cause in accordance with the provisions of this
Section 8(a). If Executive is terminated for Cause, (i) Executive shall be
entitled to receive (A) Base Salary through the date of termination of
Executive's employment ("Date of Termination") and (B) any prior year Bonus