Exhibit 10(q)
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
THIS AMENDMENT NO. 1 is entered into as of this 22 nd day of January, 2009 by and between
REGENT COMMUNICATIONS, INC ., a Delaware corporation ( the “Company”) and ANTHONY A.
VASCONCELLOS (“Employee”).
WHEREAS , the Company and Employee entered into an Employment Agreement dated as of December
28, 2007 (“Employment Agreement”), whereby the Company agreed to employ the Employee, and the
Employee agreed to serve, as Executive Vice President and Chief Financial Officer of the Company; and
WHEREAS , the Company and Employee desire to amend the Employment Agreement as set forth herein;
NOW, THEREFORE, in consideration of the premises and the agreements contained herein, and other
good and valuable consideration, the receipt and adequacy of which the parties hereby acknowledge, the parties
agree as follows:
1. Defined Terms . All capitalized terms used herein but not defined herein shall have the same meaning as
set forth in the Employment Agreement.
2. Change of Control Definition . The parties hereby agree that the definition of “Change of Control” set
forth in the third full paragraph, first sentence of Section 2.6(c) of the Employment Agreement is hereby amended
to remove the clause at the end of such sentence beginning with the phrase “it being understood and agreed ...”
and to replace such phrase in its entirety with the following new phrase:
“it being understood and agreed that a “sale of all or substantially all” of the Company’s assets shall be deemed
to have occurred if at any time after the date hereof through the 24 month anniversary of the date of termination
of Employee’s employment with the Company, one or more transactions occur in which assets of the
Company are sold, transferred or otherwise disposed of to one or more persons and such sold, transferred or
disposed assets in the aggregate provided more than 50% of the station operating income generated by the
Company for the year end