iHeartMedia amends employment agreement with GC Jordan Fasbender; base salary to rise to $750k by 2024

iHeartMedia, Inc.

Employment term extended to March 31, 2025, with automatic one-year renewals.
Base salary set at $700,000 (effective April 1, 2022), increasing to $725,000 in 2023 and $750,000 in 2024.
On termination without cause or for good reason (non-CIC): 1.5x base+target bonus, COBRA for 18 months, pro-rata bonus, plus accelerated vesting.
On termination in connection with a Change in Control: 2x base+target bonus, 1.33x COBRA, pro-rata bonus, and accelerated vesting.
On death/disability: pro-rata bonus and accelerated vesting for certain equity awards.

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