EXHIBIT 10.5
Participation Agreement
This Participation Agreement is by and between Michael Christenson (“Executive”) and Entravision Communications Corporation (the “Company”).
Effective as of the Effective Date (defined below), the Company will provide severance benefits to Executive as described in the Company’s Executive Severance and Change in Control Plan (the “Plan”), a copy of which is attached hereto as Exhibit A and incorporated herein; provided, however, that, notwithstanding anything to the contrary in the Plan, for purposes of the Executive the following definitions and terms shall apply:
This Participation Agreement, and Executive’s participation in the Plan, will be effective as of the Effective Date (as defined in the Employment Agreement).
The Compensation Committee of the Board of Directors of the Company (the “Administrator” under the Plan) has designated Executive as a Group I Executive under the Plan.
To accept the terms of this Participation Agreement and Executive’s participation in the Plan, effective as of the Effective Date, the parties have signed and dated this Participation Agreement as set forth below.
Entravision Communications Corporation Executive
/s/ Paul A. Zevnik /s/ Michael Christenson
Name: Paul A. Zevnik Name: Michael Christenson
Title: Chairman of the Board
Date: June 19, 2023 Date: June 19, 2023