November 23, 2009 Marc J. Lawrence-Apfelbaum Time Warner Cable Inc. 60 Columbus Circle New York, New York 10023 Dear Marc:
Exhibit 10.3
November 23, 2009
Xxxx X. Xxxxxxxx-Xxxxxxxxx
Time Xxxxxx Cable Inc.
00 Xxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Time Xxxxxx Cable Inc.
00 Xxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Marc:
In accordance with the provisions of Section 1 of the Amended and Restated Employment Termination
Agreement (the “Agreement”) dated as of June 1, 2000, as amended, between you and Time Warner
Entertainment Company, L.P., a subsidiary of Time Warner Cable Inc. (the “Company”), notice is
hereby given to you of the Company’s determination to extend the term of the Agreement for an
additional year with a minimum base salary of $550,000 and a bonus target of 100% of your base
salary.
Please indicate your acceptance of the foregoing extension of the Agreement by signing the enclosed
copy of this letter and returning it to Xxxxx X. Xxxxx in Corporate Human Resources, Executive
Compensation, in Charlotte, NC no later than December 20th. Pursuant to Section 1 of the
Agreement, failure to do so will be deemed an election by you to terminate your employment without
cause pursuant to Section 5(a) of the Agreement.
Sincerely, TIME WARNER ENTERTAINMENT COMPANY, L.P., a subsidiary of TIME WARNER CABLE INC. |
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By: | /s/ XXXXX XXXXXXX | |||
XXXXX XXXXXXX | ||||
EXECUTIVE VICE PRESIDENT, HUMAN RESOURCES |
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AGREED AND ACCEPTED: Xxxx X. Xxxxxxxx-Xxxxxxxxx |
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/s/ Xxxx X. Xxxxxxxx-Xxxxxxxxx | ||||
Date:
December 10, 2009