Exhibit 10.26

SEVERANCE, NONCOMPETITION, WAIVER AND RELEASE AGREEMENT

This Severance, Noncompetition, Waiver and Release Agreement (this "Agreement") dated December 6, 2004, between UnitedGlobalCom, Inc., a Delaware
corporation, (the "Company"), and Mark L. Schneider ("MLS"), who resides in London, England.

RECITALS

A.    MLS
has been employed by the Company in various capacities, with his most recent assignment as Chief Executive Officer of chello media BV.

B.    The
Company and MLS have agreed that MLS's employment with the Company and secondment to chello media BV shall terminate on December 31, 2004. Thereafter for two
years, MLS will act as a consultant to the Company, pursuant to a Consulting Agreement dated December 31, 2004 (the "Consulting Agreement"), and will serve, at the pleasure of the CEO of the
Company.

C.    The
Company desires fully and completely to resolve all differences with MLS and implement the Company's severance arrangements with MLS.

AGREEMENT

In consideration of the following conditions, covenants, and agreements, the sufficiency of which the parties acknowledge, the parties agree as follows:

1.Termination of Employment.MLS's employment with the Company shall end on December 31, 2004, and he
shall continue to receive his salary through that date.

2.Consideration.In consideration for this Agreement, the Company will provide MLS with the following upon the
termination of his employment and his acknowledgement and reaffirmation of the terms of this Agreement:



3.Tax Liability.MLS shall be responsible for any and all taxes owed to any local, state, federal or foreign
government agency as a result of any of the consideration received in paragraph 2 above. The consideration paid in paragraph 2 will not be subject to the Company's Tax Equalization
Policy.

4.Noncompetition Agreement.



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5.Release by MLS.MLS, individually and on behalf of his successors, heirs and assigns, releases, waives and
discharges the Company and any of its parents, subsidiaries, otherwise affiliated corporations, partnerships or business enterprises, and their respective present and former directors, shareholders,
employees, agents, lawyers and assigns (hereinafter "Released Parties"), from any and all causes of actions, claims, charges, demands, losses, damages, costs, attorneys' fees and liabilities of any

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kind
that MLS may have or claim to have, in any way relating or arising out of any act of commission or omission from the beginning of time to the date of MLS's execution of this Agreement; provided,
however, nothing contained in this Agreement shall release any claim MLS may have for indemnification by any employer for claims asserted against MLS by any third party for any acts performed within
the scope of his duties as an officer or employee of the Company under the Company's charter or bylaws, except as specifically set forth in the Settlement Agreement dated December 6, 2004 between MLS
and the Company and chello broadband N.V. This Release includes, but is not limited to:



6.Covenant Not To Sue.MLS warrants and represents that he has not filed or caused to be filed any charge or
claim against any Released Party prior to execution of this Agreement in any administrative agency, court of law or other tribunal and that he will not do so in the future. MLS further agrees that he
is not entitled to any remedy or relief if he were to pursue any such claim, complaint or charge.

7.Entire Agreement.This Agreement represents the entire agreement between MLS and the Company with respect to
MLS's employment termination, superseding any and all prior agreements, and MLS acknowledges that the Company has not made any promise or offered any other agreement except those expressed in this
document to induce or persuade MLS to enter into this Agreement.

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8.Provisions Related To Persons Over Age 40.MLS acknowledges that he is age 40 or older. BY SIGNING THIS
AGREEMENT, MLS ACKNOWLEDGES THAT THE COMPANY HAS ADVISED HIM TO DISCUSS THIS WAIVER AND RELEASE AGREEMENT WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENT. MLS acknowledges and agrees that the Company
is not responsible for any of his costs, expenses and attorneys' fees, if any are incurred, in connection with any claim or the review and signing of this Agreement.

9.Time For Review.MLS acknowledges and states that he has been given a period of at least
twenty-one (21) days in which to consider the terms of this Agreement.

10.Time To Revoke.MLS acknowledges that he has the right to revoke this Agreement at any time within seven
(7) days after signing it, by providing written notice to Ellen Spangler at the Company's office, and this Agreement is not effective or enforceable until this seven-day revocation
period has expired.

11.Confidential Information.MLS agrees not to disclose confidential and proprietary information of the Company
or any of its affiliates to any third party, except in response to a valid order of a court or other governmental body of the United States, and only after providing the Company notice and the
opportunity to respond to such third parties regarding such disclosure. Confidential and proprietary information includes, but is not limited to, identity of customers, vendors and suppliers,
marketing methods, prices and business strategies, and all actual property, system designs, computer software, compensation benefits of employees and other items of employment.

12.Return Of Company Property.MLS represents and warrants that he has returned all documents related to his
employment with the Company, including, without limitation, all files, training materials, policies and procedures, notebooks, handbooks, customer lists, mailing lists, account information, credit
cards, phone cards, cellular phones, automobiles and all other tangible or intangible property belonging to the Company and relating to his employment. MLS further warrants and represents that he has
not retained copies of such property.

13.Future Cooperation.MLS agrees to cooperate fully with the Company concerning any business, legal or
litigation matters about which he had knowledge during his employment, including any requested travel or appearances.

14.Governing Law.This Agreement is governed by the laws of the State of Colorado. Except as provided in
paragraph 4(e) above, any dispute arising out of or under this Agreement shall be resolved in an arbitration proceeding brought under the American Arbitration Association rules and procedures
in effect at the time the proceeding is initiated and shall be heard in Denver, Colorado. MLS hereby consents to such jurisdiction and venue.

15.Entire Agreement.This Agreement constitutes the entire understanding of the parties on the subjects covered
relating to the termination of MLS's employment. It supersedes all other agreements and understandings between parties relating to the subject matter contained in this Agreement.

16.Severability.If any provision of this Agreement is declared by any court of competent jurisdiction to be
invalid for any reason, such invalidity shall not affect the remaining provisions. On the contrary, such remaining provisions shall be fully severable and this Agreement shall be construed and in
force as if such invalid provisions never had been inserted in the Agreement.

17.Voluntary Agreement.MLS expressly warrants that he has read and fully understands this Agreement, MLS has
had the opportunity, if he wishes, to consult with legal counsel of MLS's own choosing, and the terms of this Agreement have been fully explained to him. MLS has been given a reasonable amount of time
in which to decide whether to sign this Agreement, MLS has not entered into this Agreement in reliance on any promises, representations or inducements other than those

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contained
in this Agreement, and MLS is executing this Agreement voluntarily, free of any duress or coercion.

|Dated:                                                         | 12/7/04  |  | UNITEDGLOBALCOM, INC.
|-------------------------------------------------------------- | -------- |  | ---------------------
|                                                               |          |  | /s/MICHAEL T. FRIES  
|                                                               |          |  | By:                  
|Dated:                                                         | 12/6/04  |  | MARK L. SCHNEIDER    
|                                                               |          |  | /s/MARK L. SCHNEIDER 
|I hereby acknowledge and reaffirm the terms of this Agreement.
|Dated:                                                         | 12/30/04 |  | MARK L. SCHNEIDER    
|                                                               |          |  | /s/MARK L. SCHNEIDER 

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