EXHIBIT 10.15
CONSULTING AGREEMENT
This Consulting Agreement (the “Agreement”) is entered into as of December 7, 2002 by and between ENTRAVISION
COMMUNICATIONS CORPORATION , a Delaware corporation (the “Company”), and JEANETTE TULLY (the
“Consultant”).
1. Term of AgreementÍž Consulting Services . The term of this Agreement shall be for thirty (30) months commencing
January 1, 2003. During the term of this Agreement, the Consultant shall be available either by phone or in person for up to
fifteen (15) hours per month to provide consulting services to the Company. The Consultant will be reimbursed for any
reasonable out-of-pocket expenses incurred by the Consultant at the request of the Company, including, without limitation,
travel expenses.
2. Employment Status . The Consultant’s status as an employee of the Company shall terminate effective December 31,
2002. In connection with the termination of her employment, the Consultant shall receive the following:
a. a bonus payment of $180,000 payable by wire transfer by the Company on or before January 15, 2003, subject to
customary and required withholdings, if any,
b. if the Consultant elects to continue her health insurance coverage under the Consolidated Omnibus Budget
Reconciliation Act (“COBRA”) the Company shall pay the Consultant’s monthly premium under COBRA until the earliest
of (i) eighteen (18) months from the date of this Agreement or (ii) the date when the Consultant is eligible to receive
substantially equivalent health insurance coverage in connection with new employment,
c. all outstanding stock options held by the Consultant (75,000 options at $11.05 per share and 100,000 options at
$16.38 per share) shall (i) be fully vested as of the date of this Agreement and (ii) be exercisable for thirty-six (36) months
following the date of this Agreement, and the remaining one-third (1/3) of the restricted shares granted to the Consultant in
May 2000 shall fully vest, and
d.