0001591517-16-000066 Sample Contracts

Time Inc.
Employment Agreement • November 3rd, 2016 • Time Inc. • Periodicals: publishing or publishing & printing • New York

The following will serve to confirm our discussions concerning the terms and conditions of your employment with Time Inc. (the “Company”) and will constitute our agreement (“Agreement”):

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Time Inc. Restricted Stock Units Agreement
Restricted Stock Units Agreement • November 3rd, 2016 • Time Inc. • Periodicals: publishing or publishing & printing • Delaware

WHEREAS, the Company has adopted the “Plan” (as defined below), the terms of which are hereby incorporated by reference and made a part of this Restricted Stock Units Agreement, including any appendices attached hereto (collectively the “Agreement”); and

Inducement Award Plan
Non Qualified Stock Option Agreement • November 3rd, 2016 • Time Inc. • Periodicals: publishing or publishing & printing • New York

WHEREAS, the Company has adopted the “Plan” (as defined below), the terms of which are hereby incorporated by reference and made a part of this Non Qualified Stock Option Agreement, including any appendices attached hereto (collectively the “Agreement”); and

Time Inc. Performance Stock Units Agreement
Performance Stock Units Agreement • November 3rd, 2016 • Time Inc. • Periodicals: publishing or publishing & printing • Delaware

WHEREAS, the Company has adopted the “Plan” (as defined below), the terms of which are hereby incorporated by reference and made a part of this Performance Stock Units Agreement, including any appendices attached hereto (collectively the “Agreement”); and

September 12, 2016 Joseph A. Ripp Time Inc.
Employment Agreement • November 3rd, 2016 • Time Inc. • Periodicals: publishing or publishing & printing
September 13, 2016
Employment Agreement • November 3rd, 2016 • Time Inc. • Periodicals: publishing or publishing & printing

You and Time Inc. (the "Company") are parties to an employment agreement, dated December 11, 2015, which establishes the terms and conditions of your employment with the Company (the “Agreement”). This letter amends certain provisions of that Agreement, effective as of September 19, 2016, in the manner set forth below.

Time Inc.
Employment Agreement • November 3rd, 2016 • Time Inc. • Periodicals: publishing or publishing & printing • New York

You and Time Inc. (the "Company") are parties to an employment agreement dated March 5, 2015 (the "Prior Agreement"). In connection with your appointment as our President and Chief Executive Officer, this agreement supersedes such Prior Agreement and will serve to confirm our discussions concerning the terms and conditions of your employment with the Company, and from and after the date hereof, will constitute our agreement ("Agreement"):

Time Inc. New York, NY 10281
Separation Agreement • November 3rd, 2016 • Time Inc. • Periodicals: publishing or publishing & printing

Reference is made to your Employment Agreement dated February 19, 2014 (the “Employment Agreement”) with Time Inc. (the “Company”). Capitalized terms used herein but not otherwise defined in this agreement (“Separation Agreement”) shall have the meanings given such terms in the Employment Agreement. We have agreed that your employment with the Company will be terminated and the provisions of Section 5.4 of your Employment Agreement will apply, subject to the modifications set forth in this Separation Agreement (which modifications shall be deemed to constitute an amendment to your Employment Agreement). This Separation Agreement sets forth the understandings between the Company and you concerning the termination of your employment and your entitlements under the Employment Agreement.

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