THIS EMPLOYMENT AGREEMENT ("Agreement") is effective as of March 1, 1999, by and between
EMMIS COMMUNICATIONS CORPORATION, an Indiana corporation (the "Employer"), and RICHARD
F. CUMMINGS, a California resident (the "Executive").
WHEREAS, Employer and its subsidiaries are engaged in the ownership and operation of various radio and
television stations, magazines, and related operations (together, the "Emmis Group");
WHEREAS, Executive is presently employed by Employer pursuant to an oral agreement entered into upon the
expiration of Executive's prior employment agreement on February 28, 1998;
WHEREAS, Employer desires to continue to employ Executive as an executive pursuant to a written agreement,
and Executive desires to be so employed; and
WHEREAS, Employer and Executive agree to memorialize the terms of their relationship herein.
NOW, THEREFORE, in consideration of the foregoing, the mutual promises herein contained and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto,
intending to be legally bound, do hereby agree as follows:
1. EMPLOYMENT. Upon the terms and subject to the conditions of this Agreement, Employer hereby employs
Executive and Executive hereby accepts employment by the Employer. This Agreement supersedes the March 1,
1995 Employment Agreement and any subsequent oral understandings, representations or agreements between
2. TERM. The term of Executive's employment hereunder (the "Term") shall commence on March 1, 1999 and
continue until February 28, 2001, unless terminated earlier in accordance with the provisions herein. As used
herein, the term "Contract Year" means the twelve (12) month period commencing on March 1, 1999 and on
each anniversary thereof.
3. EXECUTIVE'S POSITION, DUTIES, AND AUTHORITY.
3.1 POSITION. Employer shall employ Executive, and Executive shall serve as an executive of Employer and of