SEPARATION AND TRANSITION AGREEMENT
This Separation and Transition Agreement (the “Agreement”) is entered into effective April 11, 2008, by and between John
F. DeLorenzo, in his individual capacity (“DeLorenzo”) and Entravision Communication Corporation, a Delaware corporation
(the “Company”), as set forth below.
A. DeLorenzo has been employed as Company’s Executive Vice President and Chief Financial Officer, pursuant to the
terms and conditions of that certain Executive Employment Agreement dated December 1, 2005 by and between the Company
and DeLorenzo (the “Employment Agreement”).
B. DeLorenzo has been issued restricted stock units and options to purchase the Company’s Common Stock, each as set
forth in Section 2 below.
C. The parties desire to enter into this Agreement memorialize certain agreements and understandings among the parties
with respect to DeLorenzo’s employment with the Company and his equity incentive awards.
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, and for
such other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as
Resignation from Office; Termination of Employment Relationship . Effective as of the close of business on May 9,
2008 (the “Resignation Date”), DeLorenzo shall and hereby does by his execution of this Agreement resign as an
officer and employee of the Company and any of the Company’s affiliated or subsidiary entities. Effective as of the
Resignation Date, the Employment Agreement is hereby terminated and shall be of no further force or effect and
hereinafter DeLorenzo’s relationship with the Company shall be governed by this Agreement. From and after the
Resignation Date, DeLorenzo shall serve as an at-will consultant of the Company until December 31, 2008 (the
“Termination Date”) during which period DeLorenzo shall be paid an aggregate amount equal to One Hundred Eight