News America Incorporated New York, NY 10036News Corp • August 12th, 2009 • Newspapers: publishing or publishing & printing • California
As you know, the term of your employment under your Amended and Restated Employment Agreement with News America Incorporated (the “Company”), dated as of August 1, 2004, as amended (the “Employment Agreement”), will expire on June 30, 2009 (the “Separation Date”), and you will terminate employment with the Company, News Corporation (“News Corp.”) and their respective affiliates on the Separation Date. This letter agreement (the “Letter Agreement”) is intended to clarify and memorialize the timing and amounts of certain pension, deferred compensation and other benefit payments to be provided to you pursuant to the Employment Agreement in connection with your termination of employment and the commencement of the Production Arrangements (as defined below). Capitalized terms used herein without definition have the meanings assigned to such terms under the Employment Agreement.
