Delaware
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35-2333914
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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The amendment makes no changes to Mr. Singer's base salary or cash bonus target and provides that Mr. Singer shall provide written notice to the Company on or before September 30, 2011 of his intent to separate as of March 31, 2012 or his desire to enter into negotiations to extend the employment agreement. The amendment further provides that, if the Company terminates Mr. Singer's employment without Cause prior to March 31, 2012, Mr. Singer would be entitled to his full, unprorated bonus under the Company's bonus plan for the year in which the termination occurred, calculated based on the applicable Company and individual performance metrics and the terms of the cash bonus plan.
Mr. Singer also agreed that during his employment with the Company and for six months thereafter, he will not become or provide services as the chief financial officer or other most-senior employee in the finance function of specified companies in the media industry within the United States or any other country where Mr. Singer had supervisory authority over employees of the Company.
Discovery Communications, Inc.
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Date: April 11, 2011
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By:
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/s/ Bruce L. Campbell
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Bruce L. Campbell
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Chief Development Officer, General Counsel and Secretary
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Exhibit No.
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Description
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EX-10.1
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Second Amendment to Employment Agreement dated April 11, 2011 between Brad Singer and Discovery Communications, LLC
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