June 29, 2004New Unit Grant Agreement • July 18th, 2008 • Discovery Communications, Inc. • Cable & other pay television services
This confirms our agreement that in partial consideration for your remaining in the position of Chairman of the Board of Discovery Communications, Inc. (“DCI”), you have been granted 5,530,589 Units (the “New Units”) under DCI’s Executive Incentive Plan (EIP), which is equivalent to 1.32% of the appreciated value of DCI over the life of the units. The New Units have a grant date and an initial valuation date of January 1, 2004. The New Units will vest and otherwise be subject to all of the terms and conditions of the EIP, with the following exceptions:
