Document:

Exhibit
10.1

SRS Labs,
Inc.

Profit Sharing and Bonus Plan

(As amended by the Board of Directors on June 20, 2007)

This profit sharing and
bonus plan shall be known as the SRS Labs, Inc. Profit Sharing and Bonus Plan
(the “Plan”).  The Plan is intended to qualify
as a compensation or bonus plan that is exempt from the application of the
Employee Retirement Income Security Act of 1974, as amended, by reason of
Section 3 of such Act.

(a)                                  Applicability
Period

The Plan applies to the
fiscal year of SRS labs, Inc. (the “Company”) ending December 31, 2007 and to
future fiscal years until the Plan is terminated pursuant to Section 11 below.

(b)                                 Components
of the Plan

The Plan has two
components: Profit Sharing and Bonus.

(c)                                  Eligibility

All full-time, regular
employees of the Company and its subsidiaries are eligible to participate in
the Plan.  Consultants, part-time
employees, temporary employees and non-employee directors are not eligible to
participate in any part of the Plan.   A
full time regular employee is defined as one who regularly works an average of
32 hours weekly.

(d)                                 Profit-Sharing
Awards

4.1                                 Eligibility for Profit-Sharing Awards. All eligible employees who were
employed by the Company or its subsidiaries from the first day of any fiscal
quarter in which the Company reports net income through the date the Company
files its Quarterly Report on Form 10-Q with the Securities and Exchange
Commission (the “SEC”) for that quarter or, with respect to the fourth quarter,
the date the Company files with the SEC its Annual Report on Form 10-K for the
fiscal year, will be entitled to a profit-sharing payment determined in
accordance with Sections 4.2 and 4.3 of the Plan.

4.2                               Aggregate Profit-Sharing Awards. 
For each fiscal quarter, the Company shall allocate 5% of the
Company’s net income for the quarter for profit sharing payments (subject to
the discretion of the Board of Directors to change this percentage, at any time
and from time to time, for future fiscal years through a resolution adopted
either before the next fiscal year begins or within the first three months
thereafter).  Net income as defined
throughout this Plan shall include FAS 123 charges.

4.3                                 Allocation and Distribution of Profit-Sharing Awards. The
profit sharing payments for a given fiscal quarter shall be allocated to the
eligible employees entitled thereto under Section 4.1 pro rata in proportion to
their respective base salaries.

(e)                                  Quarterly
Bonus Awards

5.1                                 Eligibility for Quarterly Bonuses.  All
eligible employees who were employed by the Company from the first day of a
fiscal quarter (other than the fourth fiscal quarter) for which the Company
achieved at least 80% of the Company’s net income target for the quarter
established by the Company’s Board of Directors through the date the Company
files its Quarterly Report on Form 10-Q with the SEC for that quarter will be
entitled to a quarterly bonus payment.

 1
 

5.2                                 Aggregate Bonus Pool.  For
each of the first three fiscal quarters, the aggregate bonus pool shall be
determined as follows:  using the table
below, take the applicable “% of Net Income Achieved” (actual net income for
the applicable quarter divided by target net income for such quarter, rounded
down to the nearest whole percentage) then calculate the product of the
corresponding “Award %” multiplied by an amount equal to 8% of the Company’s
net income for the applicable quarter (subject to the discretion of the Board
of Directors to change this percentage at any time and from time to time,
effective for future fiscal years through a resolution adopted either before
the next fiscal year begins or within the first three months thereafter).

	
  % of Net Income Achieved

  	
   

  	
     Award %   

  	
   

  
	
  <80%

  	
   

  	
  0

  	
  %

  
	
  80%

  	
   

  	
  25

  	
  %

  
	
  90%

  	
   

  	
  50

  	
  %

  
	
  91%

  	
   

  	
  55

  	
  %

  
	
  92%

  	
   

  	
  60

  	
  %

  
	
  93%

  	
   

  	
  65

  	
  %

  
	
  94%

  	
   

  	
  70

  	
  %

  
	
  95%

  	
   

  	
  75

  	
  %

  
	
  96%

  	
   

  	
  80

  	
  %

  
	
  97%

  	
   

  	
  85

  	
  %

  
	
  98%

  	
   

  	
  90

  	
  %

  
	
  99%

  	
   

  	
  95

  	
  %

  
	
  100%

  	
   

  	
  100

  	
  %

  

 

5.3                                 Allocation and Distribution of Quarterly Bonuses.  The aggregate quarterly bonus
payments determined in accordance with Section 5.2 will be allocated and
distributed to eligible employees in accordance with Section 7 of the Plan.

(f)                                    Annual
Bonus Awards

6.1                                 Eligibility for Annual Bonuses. All eligible employees who were employed by the Company from the
first day of the fourth fiscal quarter through the date the Company files its
Annual Report on Form 10-K with the SEC for the fiscal year will be entitled to
an annual bonus payment if the Company achieved at least 80% of the Company’s
net income target for the fiscal year established by the Company’s Board of
Directors.

 2
 

6.2                                 Aggregate Bonus Pool.  The
aggregate bonus pool for annual bonuses shall be determined as follows:  using the table below, take the applicable “%
of Net Income Achieved” (actual net income for the fiscal year divided by
target net income for the fiscal year, rounded down to the nearest whole
percentage) then calculate the product of the corresponding “Award %”
multiplied by an amount equal to the sum of (a) 10% of the Company’s net income
for the fourth quarter plus (b) 2% of the Company’s net income for each of the
first three fiscal quarters (subject to the discretion of the Board of
Directors to change these percentages, at any time and from time to time, for
future fiscal years through a resolution adopted either before the next fiscal
year begins or within the first three months thereafter).

	
  % of Net Income Achieved

  	
   

  	
     Award %   

  	
   

  
	
  <80%

  	
   

  	
  0

  	
  %

  
	
  80%

  	
   

  	
  25

  	
  %

  
	
  90%

  	
   

  	
  50

  	
  %

  
	
  91%

  	
   

  	
  55

  	
  %

  
	
  92%

  	
   

  	
  60

  	
  %

  
	
  93%

  	
   

  	
  65

  	
  %

  
	
  94%

  	
   

  	
  70

  	
  %

  
	
  95%

  	
   

  	
  75

  	
  %

  
	
  96%

  	
   

  	
  80

  	
  %

  
	
  97%

  	
   

  	
  85

  	
  %

  
	
  98%

  	
   

  	
  90

  	
  %

  
	
  99%

  	
   

  	
  95

  	
  %

  
	
  100%

  	
   

  	
  100

  	
  %

  
	
  110%

  	
   

  	
  120

  	
  %

  
	
  125%

  	
   

  	
  150

  	
  %

  

 

6.3                                 Allocation and Distribution of Annual Bonuses.  The aggregate annual bonus
payments determined in accordance with Section 6.2 will be allocated and
distributed to eligible employees in accordance with Section 7 of the Plan; provided,
however, that (a) the annual bonus paid to any eligible employee who was
not a full-time, regular employee of the Company or one of its subsidiaries for
the entire fiscal year as determined by Section 7.2 shall be reduced pro rata
based upon the number of calendar days that the employee was a full-time,
regular employee of the Company or one of its subsidiaries during the fiscal
year; and (b) any portion of the annual bonus pool not distributed to eligible
employees pursuant to clause (a) shall be re-allocated to all eligible
employees (whether employed for the entire fiscal year or a portion thereof) as
follows: each eligible employee shall be entitled to a percentage of the total
amount to be re-allocated determined by dividing (1) the number of days the
eligible employee was employed as a full-time regular employee during the
fiscal year multiplied by the eligible employee’s base salary by (2) the total
base salaries for all eligible employees multiplied by 365.

(g)                                 Bonus
Distribution

7.1                                 Allocation to Bonus Pools.  After
the total amount of quarterly or annual bonuses payable for a quarter or the
fiscal year has been determined in accordance with Paragraphs 5 or 6, the total
amount shall be divided into three distribution pools:

7.1.1 – Broad-Based Employee Pool – 50% of the
total amount of the applicable bonus payable shall be allocated to a
Broad-Based Employee Pool.

7.1.2 – Executive Staff Pool – 42.5% of the total
amount of applicable bonus payable shall be allocated into an Executive Staff
Pool.

7.1.3 - Discretionary Pool – 7.5% of the total
amount of applicable bonus payable shall be allocated into a Discretionary
Pool.

 3
 

7.2                                 Distribution of Bonus Pools. 
Quarterly and annual bonus payments shall be allocated to individual
employees entitled thereto under Sections 5 or 6 out of the applicable bonus
pools as follows:

7.2.1 – Broad-Based Employee Pool – The Broad-Based
Employee Pool shall be distributed to eligible employees other than Executive
Staff (as defined in Section 7.2.2). 
This pool shall be paid out to eligible employees pro-rata in proportion
to their respective base salaries in effect on the payment date, subject to a
further upward or downward adjustment of any participant’s pro-rata payment by
no more than 30% based upon the participant’s performance ranking as determined
by the Chief Executive Officer.  The sum
of any such adjustments shall not cause the total payments distributed to
exceed the Broad-Based Employee Pool.

7.2.2 – Executive Staff Pool – The Executive Staff Pool shall be
distributed to eligible members of the Executive Staff pro rata in proportion
to their respective base salaries in effect on the payment date, subject to a
further upward or downward adjustment of any participant’s pro-rata payment by
no more than 30% based upon the participant’s performance ranking as determined
by the Chief Executive Officer for participants other than the Chief Executive
Officer.  The sum of any such adjustments
shall not cause the total payments distributed to exceed the Executive Staff
Pool.     The “Executive Staff” is
defined as the Chief Executive Officer, Chief Financial Officer, all vice
presidents and any other person identified by the Chief Executive Officer as
part of the Executive Staff.

7.3 - Discretionary Pool – The Discretionary Pool
shall be distributed to eligible employees other than the Executive Staff and
employees who are paid part of their compensation in the form of commissions in
such manner and amounts as determined by the Company’s Chief Executive
Officer.  The Chief Executive Officer
shall have discretion to use any or all of the Discretionary Pool to reward
selected employees (other than the Executive Staff) who exhibit exemplary
performance during the applicable period (e.g., the
first, second or third quarter, respectively, and for the final Discretionary
Pool distribution, the fourth quarter or the fiscal year).  The Chief Executive Officer has no obligation
to use any of this pool for a given period if, in the Chief Executive Officer’s
discretion, there has been no exemplary performance.  Any amount not used with respect to a period
carries over into the next period.  Any
amount not used after the fourth quarter of the fiscal year shall no longer be
subject to this Plan.

(h)                                 Timing
of Payments

Immediately after the
Company files its Form 10-Q or 10-K, as applicable, (a) the Company’s Chief
Financial Officer shall calculate the amounts, if any, to be paid to eligible
employees under the Plan as Profit-Sharing Awards and/or as bonuses from the
Broad-Based Employee Pool and the Executive Staff Pool, and (b) the Company’s
Chief Executive Officer shall determine the amounts, if any, to be paid to
eligible employees under the Plan as bonuses from the Discretionary Pool; provided,
however, that no bonuses from the Discretionary Pool to the Company’s
Executive Staff shall be paid without the prior approval of the Compensation
Committee of the Company’s Board of Directors. 
The Company shall include payments to which an eligible employee is
entitled under the Plan in such employee’s first regular payroll check
following determination of the amounts to which the employee is entitled.

(i)                                     Corporate
Transactions and Change in Control

9.1                                 Effect of Change in Control.  The
obligations of the Plan shall be binding on any employer that acquires, through
a stock purchase or merger, or through an asset purchase, or otherwise, part or
all of the Company following a Change in Control.

9.2                                 Definition of Change in Control. 
As used in this Plan, the term “Change in Control” shall mean the occurrence of any of the
following events:

(1)                                  The
Company is merged, consolidated or reorganized into or with another corporation
or other legal person and as a result of such merger, consolidation or
reorganization less than a majority of the combined voting power of the then
outstanding securities of such corporation or person immediately after such
transaction are held in the aggregate by the holders of Voting Stock (as that
term is defined in subsection (c) hereof) of the Company immediately prior to
such transaction;

(2)                                  The
Company sells all or substantially all of its assets to any other corporation
or other legal person, less than a majority of the combined voting power of the
then-outstanding voting securities of which are 

 4
 

held
directly or indirectly in the aggregate by the holders of Voting Stock of the
Corporation immediately prior to such sale;

(3)                                  Any
person (as the term “person” is used in Section 13(d)(3) or Section 14(d)(2) of
the Securities Exchange Act of 1934 (the “Exchange Act”) has become the
beneficial owner (as the term “beneficial owner” is defined under Rule 13d-3
or any successor rule or regulation promulgated under the Exchange Act) of
securities representing more than 50% of the combined voting power of the then-outstanding
securities of the Company entitled to vote generally in the election of
directors of the Company (“Voting Stock”);

(4)                                  The
Company files a report or proxy statement with the Securities and Exchange
Commission pursuant to the Exchange Act disclosing in, or in response to, Form
8-K or Schedule 14A (or any successor schedule, form or report or item therein)
that a Change in Control of the Company has occurred;

(5)                                  Notwithstanding
the foregoing provisions of (i) subsections (c) or (d) hereof, a “Change
in Control” shall not be deemed to have occurred for purposes of this Plan
solely because the Company, an entity in which the Company directly or
indirectly beneficially owns 50% or more of the voting securities of such
entity (an “Affiliate”), any Company-sponsored employee stock ownership
plan or any other employee benefit plan of the Company either files or becomes
obligated to file a report or a proxy statement under or in response to
Schedule 13D, Schedule 14D-1, Form 8-K or Schedule 14A (or any
successor schedule, form or report or item therein) under the Exchange Act,
disclosing beneficial ownership by it of shares of voting securities of the
Company, whether in excess of 50% or otherwise, or because the Company reports
that a Change in Control of the Company has or may have occurred or will or may
occur in the future by reason of such beneficial ownership or
(ii) subsection (c) hereof, a “Change in Control” shall not be deemed to
have occurred for purposes of this Plan solely because a person who is a holder
of five percent (5%) or more of the Voting Stock and who also is an officer and
director of the Company on the initial effective date of this Plan acquires
more than 50% of the Voting Stock.

(6)                                  Notwithstanding
the foregoing provisions of subsections (a) and (b) hereof, a “Change in
Control” shall not be deemed to have occurred for purposes of this Plan solely
because the Company engages in an internal reorganization, which may include a
transfer of assets to one or more Affiliates, provided  that such
transaction has been approved by at least two-thirds of the Directors of
the Company and as a result of such transaction or transactions, at least 80%
of the combined voting power of the then-outstanding securities of the
Company or its successor are held in the aggregate by the holders of Voting
Stock immediately prior to such transactions.

(j)                                     Source
of Payments

All payments under the
Plan will be paid in cash from the general consolidated funds of the
Company.  No separate fund will be
established.

(k)                                  Amendment
or Termination

The Plan may be amended,
modified, suspended or terminated by the Board of Directors of the Company at
any time and without notice to or the consent of any participant in the Plan.

(l)                                     Severability

If any term or condition
of the Plan shall be invalid or unenforceable, the remainder of the Plan shall
not be affected thereby and shall continue in effect and application to the
fullest extent permitted by law.

 5
 

(m)                               No
Employment Rights

Neither the establishment
nor the terms of the Plan shall be held or construed to confer upon any
employee the right to a continuation of employment by the Company, nor
constitute a contract of employment, express or implied.  Subject to any applicable employment
agreement, the Company reserves the right to dismiss or otherwise deal with any
employee, including eligible employees, to the same extent as though the Plan
had not been adopted.  Nothing in the
Plan is intended to alter the “AT-WILL” status of eligible employees, it being
understood that, except to the extent otherwise expressly set forth to the
contrary in a written employment agreement, the employment of any employee can
be terminated at any time by either the Company or the employee with or without
notice, with or without cause.

(n)                                 Transferability
of Rights

The Company shall have
the right to transfer its obligations under the Plan, with respect to one or
more eligible employees, to any person, including any purchaser of all or any
part of the Company’s business.  No
eligible employee or spouse shall have any right to commute, encumber, transfer
or otherwise dispose of or alienate any present or future right or expectancy
which the eligible employee may have at any time to receive payments of
benefits hereunder, which benefits and the rights thereto are expressly declared
to be nonassignable and nontransferable, except to the extent required by
law.  Any attempt by a Participant to
transfer or assign a benefit or any rights granted hereunder shall (after
consideration of such facts as the Company deems pertinent) be grounds for
terminating any rights of the eligible employee to any portion of the Plan
benefits not previously paid.

(o)                                 Governing
Law

The Plan shall be
construed, administered and enforced according to the laws of the State of
California.

(p)                                 Administration

The Compensation
Committee of the Company’s Board of Directors shall administer the Plan in
accordance with its terms.  The
Compensation Committee shall have the discretion to interpret or construe the
terms of this Plan and to make any findings of fact needed in the
administration of this Plan.  The
Compensation Committee’s interpretation and construction of any provision of
the Plan shall be final, binding and conclusive.

 6Exhibit
10.1

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (this “Agreement”)
between EARTHLINK INC., a Delaware corporation (the “Company”), and ROLLA HUFF
(referred to herein as “You”) was entered into on June 25, 2007.

RECITALS

1.             The Company is engaged in the business of providing
integrated communication services and related value added services to
individual consumers and business customers throughout the States of the United
States; and

2.             The Company has determined that, in view of Your
knowledge, expertise and experience in the integrated communication services
and related value-added services industries, Your services as the Chief
Executive Officer and President of the Company will be of great value to the
Company, and accordingly, the Company desires to enter into this Agreement with
You on the terms set forth herein in order to secure such services; and

3.             You desire to serve as the Chief Executive Officer and
President of the Company on the terms set forth herein.

NOW, THEREFORE,
in consideration of Your employment by the Company, the above premises and the
mutual agreements hereinafter set forth, You and the Company agree as follows:

1.                                      Definitions.

(a)           “Affiliate”
means any trade or business with whom the Company would be considered a single
employer under Sections 414(b) or 414(c) of the Code.

(b)           “Beneficial Ownership” means beneficial ownership
as that term is used in Rule 13d-3 promulgated under the Securities
Exchange Act of 1934, as amended.

(c)           “Business Combination” means a reorganization,
merger or consolidation of the Company.

(d)           “Business of the Company” means the business of
providing integrated communication services and related value added services to
individual consumers and business customers.

(e)           “Cause” means (i) Your commission of any act of
fraud or dishonesty relating to and adversely affecting the business affairs of
the Company; (ii) Your conviction of any felony; or (iii) Your willful and
continued failure to perform substantially your duties owed to the Company
after written notice specifying the nature of such non-performance and a
reasonable opportunity to cure such non-performance.  No act or omission shall be considered “willful”
unless it is done or omitted in bad faith

or without reasonable belief
that the action or omission was in the best interests of the Company.

(f)            “Change
in Control Event” of the Company means the occurrence of any of the
following events:

(1)           The accumulation in any number of related or unrelated
transactions by any Person of Beneficial Ownership of more than fifty percent
(50%) of the combined voting power of the Company’s Voting Stock; provided that
for purposes of this subparagraph (1), a Change in Control Event will not be
deemed to have occurred if the accumulation of more than fifty percent (50%) of
the voting power of the Company’s Voting Stock results from any acquisition of
Voting Stock (a) by the Company, (b) by any employee benefit plan (or related
trust) sponsored or maintained by the Company or any Affiliate, or (c) by any
Person pursuant to a Business Combination that complies with clauses (a) and
(b) of subparagraph (2) below; or

(2)           Consummation of a Business Combination, unless,
immediately following that Business Combination, (a) all or substantially all
of the Persons who were the beneficial owners of Voting Stock of the Company
immediately prior to that Business Combination beneficially own, directly or
indirectly, more than fifty percent (50%) of the then outstanding shares of
common stock and more than fifty percent (50%) of the combined voting power of
the then outstanding Voting Stock entitled to vote generally in the election of
directors of the entity resulting from that Business Combination (including,
without limitation, an entity that as a result of that transaction owns the
Company or all or substantially all of the Company’s assets either directly or
through one or more subsidiaries) in substantially the same proportions
relative to each other as their ownership, immediately prior to that Business
Combination, of the common stock and Voting Stock of the Company, and (b) at
least sixty percent (60%) of the members of the Board of Directors of the
entity resulting from that Business Combination holding at least sixty percent
(60%) of the voting power of such Board of Directors were members of the
Incumbent Board at the time of the execution of the initial agreement or of the
action of the Board of Directors providing for that Business Combination and as
a result of or in connection with such Business Combination, no Person has a
right to dilute either of such percentages by appointing additional members to
the Board of Directors or otherwise without election or other action by the
stockholders; or

(3)           A sale or other disposition of all or substantially all of
the assets of the Company, except pursuant to a Business Combination that
complies with clauses (a) and (b) of subparagraph (2) above; or

(4)           Approval by the shareholders of the Company of a complete
liquidation or dissolution of the Company, except pursuant to a Business
Combination that complies with clauses (a) and (b) of subparagraph 2
above.

(g)           “Code” means the Internal
Revenue Code of 1986, as amended, and any regulations promulgated thereunder.

(h)           “Company” shall mean
EarthLink, Inc.

(i)            “Confidential Information”
means any and all non-public information concerning, relating to and/or in the
possession of the Company and/or its Affiliates and/or the Business of the
Company treated as confidential or secret by the Company and/or its Affiliates
(that is, such business information is subject to efforts by the Company and/or
its Affiliates that are reasonable under the circumstances to maintain its
secrecy) that does not constitute a Trade Secret, including, without
limitation, information concerning the Company’s or an Affiliate’s financial
position and results of operations (including revenues, assets, net income,
etc.), annual and long range business plans, product and service plans,
marketing plans and methods, employee lists and information, in whatever form
and whether or not computer or electronically accessible.

(j)            “Eligible Earnings” has the
same meaning given to that term in the Company’s bonus plan and payroll
policies.

(k)           “Good Reason” means, with
respect to Your Termination of Employment, any of the following acts or
omissions that is not cured within ten (10) days after written notice of such
act or omission is delivered to the Company, the Chairman of the Board of
Directors and the Chairman of the Leadership and Compensation Committee of the
Board of Directors:

(1)           without Your express written consent (i) the assignment to
You of any duties inconsistent in any respect with Your position, authority,
duties or responsibilities as contemplated by Section 2, (ii) the requirement
by the Company that you report to any officer or employee other than directly
to the Board of Directors of the Company, (iii) any other action by the Company
that results in a significant diminution in such position, authority, duties or
responsibilities, provided that the Company’s no longer being a reporting
company with the Securities and Exchange Commission shall not be deemed to
result in such a significant diminution, or (iii) any failure by the Company to
comply in any material respect with any of the provisions of Section 4 of this
Agreement;

(2)           any requirement that You relocate outside of, or any
relocation of the Company’s principal executive office outside of, the
metropolitan area of Atlanta, Georgia; or

(3)           any breach by the Company of any other material provision
of this Agreement.

(l)            “Incumbent Board” means a
Board of Directors consisting of individuals who either are (a) members of the
Company’s Board of Directors on the date hereof or (b) members who become
members of the Company’s Board of Directors subsequent to the date hereof whose
election, or nomination for election by the Company’s

shareholders,
was approved by a vote of at least sixty percent (60%) of the directors then
comprising the Incumbent Board (either by a specific vote or by approval of the
proxy statement of the Company in which that person is named as a nominee for
director, without objection to that nomination), but excluding, for that
purpose, any individual whose initial assumption of office occurs as a result
of an actual or threatened election contest (within the meaning of Rule 14a-11
of the Securities Exchange Act of 1934, as amended) with respect to the
election or removal of directors or other actual or threatened solicitation of
proxies or consents by or on behalf of a Person other than the Board of
Directors.

(m)          “Person” means any individual,
entity or group within the meaning of Section 13(d)(3) or 14(d)(2) of the
Securities Exchange Act of 1934, as amended.

(n)           “Specified Employee” means an
employee who is (i) an officer of the Company or an Affiliate having annual
compensation greater than $145,000 (with certain adjustments for inflation
after 2007), (ii) a five-percent owner of the Company or (iii) a one-percent
owner of the Company having annual compensation greater than $150,000.  For purposes of this Section, no more than 50
employees (or, if lesser, the greater of three or 10 percent of the employees)
shall be treated as officers.  Employees
who (i) normally work less than 17 1/2 hours per week, (ii) normally work
not more than 6 months during any year, (iii) have not attained age 21, (iv)
are included in a unit of employees covered by an agreement which the Secretary
of Labor finds to be a collective bargaining agreement between employee
representatives and the Company or an Affiliate (except as otherwise provided
in regulations issued under the Code) or (v) who have not completed six months
of service shall be excluded for purposes of determining the number of officers
for this determination.  For purposes of
this Section, the term “five-percent owner” (“one-percent owner”) means any
person who owns more than five percent (one percent) of the outstanding stock
of the Company or stock possessing more than five percent (one percent) of the
total combined voting power of all stock of the Company.  For purposes of determining ownership, the
attribution rules of Section 318 of the Code shall be applied by substituting “five
percent” for “50 percent” in Section 318(a)(2) and the rules of Sections
414(b), 414(c) and 414(m) of the Code shall not apply.  For purposes of this Section, the term “compensation”
has the meaning given such term by Section 414(q)(4) of the Code.  The determination of whether You are a
Specified Employee will be based on a December 31 identification date such that
if You satisfy the above definition of Specified Employee at any time during
the 12-month period ending on December 31, You will be treated as a Specified
Employee if You have a Termination of Employment during the 12-month period
beginning on the first day of the fourth month following the identification
date.  This definition is intended to
comply with the “specified employee” rules of Section 409A(a)(2)(B)(i) of the
Code and shall be interpreted accordingly.

(o)           “Termination of Employment”
means the termination of Your employment and service with the Company and all
Affiliates.  You will not be considered
as having had a Termination of Employment if (i) You continue to provide
services to the Company or any Affiliate as an employee or independent
contractor at an annual rate that is more than 20 percent of the services
rendered, on average, during the immediately

preceding
36 months of employment (or, if employed less than 36 months, such lesser
period) or (ii) You are on military leave, sick leave or other bona fide leave
of absence (such as temporary employment by the government) so long as the
period of such leave does not exceed six months, or if longer, so long as Your
right to reemployment with the Company or any Affiliate is provided either by
statute or by contract.  If the period of
leave (i) ends or (ii) exceeds six months and Your right to reemployment is not
provided either by statute or by contract, the Termination of Employment will
be deemed to occur on the first date immediately following such six-month
period if not reemployed by the Company or any Affiliate before such time and
eligibility for payments and benefits hereunder will be determined as of that
time.

(p)           “Total Disability” means Your
inability, through physical or mental illness or accident, to perform the
majority of Your usual duties and responsibilities hereunder (as such duties
are constituted on the date of the commencement of such disability) in the
manner and to the extent required under this Agreement for a period of at least
ninety (90) consecutive days.  Total
Disability shall be deemed to have occurred on the first day following the
expiration of such ninety (90) day period.

(q)           “Trade Secrets” means any and
all information concerning, relating to and/or in the possession of, the
Company and/or its Affiliates and/or the Business of the Company that qualifies
as a trade secret as defined by the laws of the State of Georgia on the date of
this Agreement and as such laws are amended from time to time thereafter.

(r)            “Voting Stock” means the then
outstanding securities of an entity entitled to vote generally in the election
of members of that entity’s Board of Directors.

2.             Employment; Duties.

(a)           The Company agrees to employ You as
Chief Executive Officer and President of the Company with the duties and
responsibilities generally associated with such position and such other
reasonable additional responsibilities and positions as may be added to Your
duties from time to time by the Board of Directors consistent with Your
position.  As Chief Executive Officer of
the Company, You shall serve as a member of the Board of Directors of HELIO,
Inc., the Company’s joint venture with SK Telecom Co., Ltd., for so long as the
Company has the power under the HELIO, Inc. stockholders agreement to appoint
at least three directors.

(b)           During Your employment hereunder, You
shall (i) diligently follow and implement all Company employee policies and all
management policies and decisions communicated to You by the Board of
Directors; and (ii) timely prepare and forward to the Board of Directors all
reports and accountings as may be reasonably requested of You.

(c)           You shall relocate to the
metropolitan area of Atlanta, Georgia within 12 months following June 25, 2007,
and you shall be covered by the Company’s employee relocation policy in
connection with such relocation.  The
Company will reimburse you up to $6,000 per month  for temporary housing expenses and home travel for a period

equal to the shorter of (i)
12 months or (ii) until You acquire permanent housing in the Atlanta, Georgia
metropolitan area.

3.             Term. 
The term hereof shall commence on June 25, 2007,
shall continue for a period of three (3) years and shall be automatically
extended from year-to-year thereafter unless terminated in accordance with
Section 6 hereof (the “Term”).

4.             Compensation.

(a)           (1)  You shall be
paid an annual base salary of not less than Seven Hundred Fifty Thousand
Dollars ($750,000) per year (the “Base Salary”) commencing on
June 25, 2007.  The Base Salary
shall accrue and be due and payable in equal, or as nearly equal as
practicable, biweekly installments and the Company may deduct from each such
installment all amounts required to be deducted and withheld in accordance with
applicable federal and state income, FICA and other withholding tax
requirements.

                (2)  The Base
Salary shall be reviewed by the Board of Directors at least once during each
year of the Term and may be increased from time to time and at any time by the
Board of Directors.  The Base Salary
shall in no event be reduced or decreased below the highest level attained at
any time by You, unless You and the Board of Directors agree to implement a
salary reduction program for cost abatement purposes.

                (3)  As the
Term begins on other than the first business day of a calendar month and as the
Term hereof shall terminate on other than the last day of a calendar month,
Your compensation for such month shall be prorated according to the number of
days during such month that occur within the Term.

(b)           For the fiscal year of the Company ending on December 31,
2007, You shall be paid on or before December 31, 2007 a bonus in an amount
equal to one hundred percent (100%) of Your Eligible Earnings (the “2007 Bonus
Payment”).  Commencing with the fiscal
year of the Company ending on December 31, 2008 and for each fiscal year
thereafter, You shall be entitled to receive an annual target bonus opportunity
in an amount equal to one hundred percent (100%) of Your Eligible Earnings (the
“Annual Target Bonus”), with the ability to earn 50 percent (50%) (threshold)
to One Hundred Fifty Percent (150%) (maximum) of your Annual Target Bonus if
the bonus criteria for such annual period, as set by the Board of Directors of
the Company, are satisfied (the “Target Bonus Payment”); provided that if such
bonus criteria are not satisfied, no Annual Target Bonus shall be payable.  The criteria to earn Your Annual Target Bonus
and other levels between the threshold and maximum for each year of the Term shall
be based upon good faith negotiations between You and the Board of
Directors.  All Target Bonus Payments
that become payable shall be paid to You in accordance with the applicable
bonus plan.

(c)           While You are performing the services described herein,
the Company shall reimburse You for all reasonable and necessary expenses
incurred by You in connection with the performance of Your duties of employment
hereunder in accordance

with
the Company’s expense reimbursement policy as applied to the Company’s
executive officers.

(d)           Pursuant to this Section 4(d), You shall participate in
the Change-In-Control Accelerated Vesting and Severance Plan amended and
restated effective February 17, 2006 and any plan(s) or program(s) that
supersede, replace and/or supplement such plan, as in effect from time to time
(the “AV/SP”), at the highest and most beneficial level of participation
provided under the AV/SP.  With respect
to each individual benefit, or category of similar benefit, provided to You
under each of the AV/SP and this Agreement, the two (2) benefits shall not be
cumulative, and You shall be entitled to receive each such benefit, or category
of benefit, under the terms of the AV/SP or the terms of this Agreement,
whichever would be the greater amount or value to You, except that the timing
and manner of payment of such benefits shall be consistent with the terms of
this Agreement, regardless of whether the amount or value of the benefits You
are entitled to receive are determined under the AV/SP or this Agreement.  The restrictions on cumulation of benefits in
this Section 4(d), and the application of the terms of the AV/SP to benefits
provided thereunder, shall not apply to Your right to qualify for and
participate in the AV/SP at the highest and most beneficial level of
participation.

(e)           You shall receive paid vacation during each twelve (12)
month period of Your employment in accordance with the Company’s vacation
policy.  To the extent that You do not
use Your accrued vacation during such twelve (12) month period, any remaining
accrued vacation shall be subject to the carryover restrictions applicable in
the Company’s normal vacation policies.

(f)            The Company shall reimburse you for your reasonable
attorneys’ fees incurred in connection with the negotiation and preparation of
this Agreement not to exceed $10,000, which shall be paid by the Company
promptly following execution of this Agreement.

5.             Equity Rights.

(a)           Upon execution of this Agreement, you shall be entitled to
receive 100,000 RSUs which shall vest in accordance with the terms of the EarthLink,
Inc. 2006 Equity and Cash Incentive Plan, with 50,000 RSUs vesting on June 25,
2009, 25,000 RSUs vesting on June 25, 2010 and 25,000 RSUs vesting on June 25,
2011, assuming Your continued employment until each such time, or as otherwise
vested pursuant to Section 6.  Upon execution of this Agreement,
you shall also be entitled to receive (1) 700,000 stock options which
shall vest as of September 30, 2007, assuming your continued employment until
such time, and (ii) 800,000 stock options which vest over a period of four
years in accordance with the terms of the EarthLink, Inc. 2006 Equity and Cash
Incentive Plan, with 300,000 stock options vesting on December 31, 2008 and the
remaining 500,000 stock options vesting on a monthly basis between January 1,
2009 and June 25, 2011, assuming Your continued employment until each such
time, or as otherwise vested pursuant to Section 6.

(b)           The stock options and restricted stock units granted by
the Company to You from time to time are hereinafter collectively called the “Stock
Options and RSUs.”  You shall be given
the period permitted under Your respective Stock Option agreements, which shall
contain the material terms provided in the form attached to this Agreement, to
exercise Your Stock Options after Your Termination of Employment.

(c)           Vested Stock Options shall be exercisable for ninety (90)
days following termination of employment, provided that if you are prohibited
from exercising vested stock options during such ninety (90) day period due to
having material non-public information about the Company, such exercise period
shall be extended until ten (10) days following the date that you no longer
have material non-public information about the Company, but in no event shall
the Stock Options be exercisable beyond their latest expiration date as set
forth in the applicable stock option agreements.

6.             Termination.

(a)           A Termination of Employment shall occur only as follows:

(1)           For Cause immediately by the Company; or

(2)           At Your option for Good Reason; or

(3)           At Your option upon thirty (30) days prior written notice
of termination delivered by You to the Company; or

(4)           For any reason by the Company upon three (3) calendar
months prior written notice of termination delivered to You, except during a
period of Your disability that may qualify as the period for qualification for
Your Termination of Employment due to Your Total Disability as set forth in
Section 6(a)(6); or

(5)           By the Company upon Your death; or

(6)           By the Company because of Your Total Disability upon
thirty (30) days prior written notice of termination delivered to You.

(b)           Subject to Section 19 below, if You have a
Termination of Employment that is not in connection with a Change in Control
Event (i) by the Company for other than “Cause,” or (ii) by You for “Good
Reason,” You shall be paid an amount equal to (a) two hundred percent (200%) of
the sum of (i) Your Base Salary as of the effective date of Your Termination of
Employment and (ii) Your Annual Target Bonus for the year in which your Termination
of Employment occurs, less (b) the amount of the Non-Compete Payment.  Such amount shall be paid in equal, or as
nearly equal as practicable, biweekly installments, starting with the first
payroll payment date following Your Termination of Employment as described in
this Section 6(b) and continuing thereafter for eighteen (18) months.  In the event of such Termination of
Employment, you shall become immediately vested in all Your outstanding Stock
Options and RSUs, and for eighteen (18) months following Termination of
Employment the Company shall pay all

costs of health care
continuation coverage for which You and Your spouse and dependents are eligible
under the Consolidated Omnibus Budget Reconciliation Act of 1986.

(c)           Subject to Section 19 below, if a Change in Control Event
occurs before January 25, 2009 and you have not previously incurred a
Termination of Employment, You shall be paid as soon as administratively
practicable after such Change in Control Event an amount equal to one hundred
and fifty percent (150%) of the sum of (i) Your Base Salary as of the effective
date of the Change in Control Event and (ii) Your Annual Target Bonus for the
year in which the Change in Control Event occurs.

(d)           Subject to Section 19 below, if, in connection with a
Change in Control Event which occurs before January 25, 2009, You have a
Termination of Employment (i) by the Company for other than “Cause,” or (ii) by
You for “Good Reason,” You shall be paid an amount equal to (a) one hundred
percent (100%) of the sum of (i) Your Base Salary as of the effective date of
Your Termination of Employment and (ii) Your Annual Target Bonus for the year
in which Your Termination of Employment occurs, less (b) the amount of the
Non-Compete Payment.  Such amount shall
be paid in equal, or as nearly equal as practicable, biweekly installments
starting with the first payroll payment date following Your Termination of
Employment as described in this Section 6(d) and continuing thereafter for
eighteen (18) months.  In the event of
such Termination of Employment, for eighteen (18) months following Termination
of Employment the Company shall pay all costs of health care continuation
coverage for which You and Your spouse and dependents are eligible under the
Consolidated Omnibus Budget Reconciliation Act of 1986.

(e)           Subject to Section 19 below, if, in connection with a
Change in Control Event which occurs on or after January 25, 2009, You have a
Termination of Employment (i) by the Company for other than “Cause,” or (ii) by
You for “Good Reason,” You shall be paid an amount equal to (a) two hundred
percent (200%) of the sum of (i) Your Base Salary as of the effective date of
Your Termination of Employment and (ii) Your Annual Target Bonus for the year
in which Your Termination of Employment occurs, less (b) the amount of the
Non-Compete Payment.  Such amount shall
be paid in equal, or as nearly equal as practicable, biweekly installments,
starting with the first payroll payment date following Your Termination of
Employment as described in this Section 6(e) and continuing thereafter for
eighteen (18) months.  In the event of
such Termination of Employment, for eighteen (18) months following Termination
of Employment the Company shall pay all costs of health care continuation
coverage for which You and Your spouse and dependents are eligible under the
Consolidated Omnibus Budget Reconciliation Act of 1986.

(f)            If You have a Termination of Employment on account of
Your death or Your Total Disability, You shall be paid (i) 100% of Your Base Salary
as of the effective date of your Termination of Employment, such amount to be
paid in equal, or as nearly equal as practicable, biweekly installments,
starting with the first payroll payment date following Your Termination of
Employment and continuing thereafter for eighteen (18) months, and (ii) Your
Annual Target Bonus for the year in which Your Termination of

Employment occurs, such
Annual Target Bonus to be determined in accordance with Section 4(b) and to be
payable in accordance with the last sentence of Section 4(b).

(g)           If You have a Termination of Employment by the Company for
Cause or by You for reasons other than for “Good Reason,” the Company will have
no obligations to pay You any amount beyond the effective date of such
Termination of Employment whether as Base Salary, 2007 Bonus Payment, Annual
Target Bonus or otherwise or to provide You with any benefits arising hereunder
or otherwise except as required by law.

(h)           For purposes of this Section 6, Your Termination of
Employment will be deemed to be in connection with a Change in Control Event if
it occurs on or after the Change in Control Event or during the three-month
period immediately preceding the Change in Control Event.  In the event Your Termination of Employment
occurs during such three-month period, the Stock Options and RSUs shall be
treated under the AV/SP as if the Change in Control had occurred on the date of
Your Termination of Employment.

7.             Confidential Information and
Trade Secrets.  You acknowledge that the nature of Your engagement by the Company is
such that You shall have access to the Confidential Information and the Trade
Secrets, each of which has great value to the Company, provides the Company a
competitive advantage, and constitutes the foundation upon which the Business
of the Company is based.  You agree to
hold all of the Confidential Information and the Trade Secrets in confidence
and to not use, disclose, publish or otherwise disseminate any of such
Confidential Information and the Trade Secrets to any other person, except to
the extent such disclosure is (i) necessary to the performance of this
Agreement and in furtherance of the Company’s best interests, (ii) required by
applicable law, (iii) as a result of portions of the Confidential Information
and/or the Trade Secrets becoming lawfully obtainable from other sources, (iv)
authorized in writing by the Company, or (v) necessary to enforce this
Agreement.  The restrictions set forth in
this Section 7 shall remain in full force and effect (a) with respect to the
Confidential Information, for the three (3) year period following the effective
date of Your Termination of Employment, and with respect to the Trade Secrets,
until the Trade Secrets no longer retain their status or qualify as trade
secrets under applicable law.  Upon Your
Termination of Employment, You shall deliver to the Company all documents,
records, notebooks, work papers, and all similar material containing
Confidential Information and Trade Secrets, whether prepared by You, the
Company or anyone else.

8.             Inventions and Patents. 
All inventions,
designs, improvements, patents, copyrights and discoveries conceived by You
during the term of this Agreement which are useful in or directly or indirectly
relate to the business of the Company or to any experimental work carried on by
the Company, shall be the property of the Company.  You agree to promptly and fully disclose to
the Company all such inventions, designs, improvements, patents, copyrights and
discoveries (whether developed individually or with other persons) and at the
Company’s expense, to take all steps necessary and reasonably required to
assure the Company’s ownership thereof and to assist the Company in protecting
or defending the Company’s proprietary rights therein.

9.             Restrictive Covenants.

(a)           Non-Competition.  You agree that during Your employment, and
for a period of eighteen (18) calendar months following Termination of
Employment, You shall not perform within the 50 states of the United States of
America any services which are in competition with the Business of the Company
during Your employment, or following Your Termination of Employment any
services which are in competition with a Material line of Business engaged in
by the Company at the time of Your Termination of Employment, and which are the
same as or similar to those services You performed for the Company under this
Agreement; provided, however, if the other business competitive with the
Business of the Company has multiple lines, divisions, segments or units, some
of which are not competitive with the Business of the Company, nothing herein
shall prevent You from being employed by or providing services to such line,
division, segment or unit that is not competitive with the Business of the
Company.  For purposes of this Section
9(a), “Material” means a line of Business that represents 20% or more of the
Company’s consolidated revenues or adjusted EBITDA for the four fiscal quarters
immediately preceding Your Termination of Employment.

(b)           Non-Recruitment.  You agree that during Your employment and for
a period of eighteen (18) calendar months following Termination of Employment,
You will not, directly or indirectly: 
(1) solicit, induce, recruit, or cause a Restricted Employee to resign
employment with the Company or its Affiliates, or (2) participate in making
hiring decisions, encourage the hiring of, or aid in the hiring process of a
Restricted Employee on behalf of any employer other than the Company and its
Affiliates.  As used herein, “Restricted
Employee” means any employee of the Company or its Affiliates with whom You had
material business-related contact while performing services under this
Agreement, and who is:  (1) a member of
executive management; (2) a corporate officer of the Company or any of its
Affiliates, or (3) any employee of the Company or any of its Affiliates engaged
in product or service development or product or service management.

(c)           Effect
of Breach.  The obligation of the
Company to continue to fulfill its payment and benefit obligations to You pursuant
to Sections 6(b), 6(c), 6(d), 6(e) and 9(d) is conditioned upon Your compliance
with the provisions of this Section 9 and Sections 7 and 8.  Accordingly, in the event that You shall
materially breach the provisions of this Section 9 and/or Sections 7
and/or 8 and not cure or cease (as appropriate) such material breach within ten
(10) days of receipt of notice thereof from the Company, the Company’s
obligations under Sections 6(b), 6(c), 6(d), 6(e) and 9(d) shall
terminate.  Termination of the Company’s
obligations under Sections 6(b), 6(c), 6(d), 6(e) or 9(d) shall not be the
Company’s sole and exclusive remedy for a breach of this Section 9 and/or
Sections 7 and/or 8.  In addition to
the remedy provided in this Section 9(c), the Company shall be entitled to seek
damages and injunctive relief to enforce this Section 9 and
Sections 7 and 8, in the event of a breach by You of this Section 9
and/or Sections 7 and/or 8. 
Additionally, in the event You materially breach such provisions, You
shall be required to repay to the Company all such amounts paid pursuant to
Sections 6(b), 6(c), 6(d), 6(e) and 9(d) that You would not have received had
such amount been paid and You breached such provisions.

(d)           Compensation
for Restrictive Covenants.  In
consideration of your obligations under this Section 9, upon Your Termination
of Employment other than on account of Your death or Total Disability or by the
Company for “Cause” or by You for reasons other than “Good Reason,” You shall
be paid an amount equal to one million five hundred thousand dollars
($1,500,000) (the “Non-Compete Payment”). 
Such amount shall be paid in equal, or as nearly equal as practicable,
biweekly installments, starting with the first payroll payment date following
your Termination of Employment other than on account of Your death or Total
Disability or by the Company for “Cause” or by You for reasons other than “Good
Reason,” and continuing thereafter for the eighteen (18) month restriction
period.

10.          Remedies.

(a)           The
parties hereto agree that the services to be rendered by You pursuant to this
Agreement, and the rights and privileges granted to the Company pursuant to
this Agreement, are of a special, unique, extraordinary and intellectual
character, which gives them a peculiar value; the loss of which cannot be
reasonably or adequately compensated in damages in any action at law, and that
a breach by You of any of the terms of this Agreement will cause the Company
great and irreparable injury and damage. 
You hereby agree that the definition of the Business of the Company set
forth in Section 1 is correct, that the Company and its Affiliates conduct
business throughout the 50 states of the United States of America and beyond,
and that these restrictions are reasonably necessary to protect the legitimate
business interests of the Company.  You
hereby expressly agree that the Company shall be entitled to the remedies of
injunction, specific performance and other equitable relief to prevent a breach
of this Agreement by You.  This Section
10 shall not be construed as a waiver of any other rights or remedies which the
Company may have for damages or otherwise.

(b)           In
the event of any dispute over the interpretation or application of this
Agreement, the Company shall reimburse you for your reasonable attorneys’ fees
and costs incurred in connection with that dispute unless the Company is
determined, by final judgment of a court of competent jurisdiction, to be the
prevailing party on all or substantially all of the issues in dispute, which
reimbursement shall be made promptly following final judgment.

11.          Construction and Severability. 
The parties hereto
agree that the provisions of this Agreement shall be presumed to be
enforceable, and any reading causing unenforceability shall yield to a construction
permitting enforcement.  In the event a
court should determine not to enforce a provision of this Agreement due to
overbreadth, violation of public policy, or similar reasons, the parties
specifically authorize such reviewing court to enforce said covenant to the
maximum extent reasonable, whether said revisions be in time, territory, scope
of prohibited activities, or other respects. 
If any single covenant, provision, word, clause or phrase in this
Agreement shall be found unenforceable, it shall be severed and the remaining
covenants and provisions enforced in accordance with the tenor of the
Agreement.

12.          Assignment. 
This Agreement and
the rights and obligations of the hereunder may not be assigned by either party
hereto without the prior written consent of the other party hereto.

13.          Notices. 
Except as otherwise
specifically provided herein, any notice required or permitted to be given to
You pursuant to this Agreement shall be given in writing, and personally
delivered or mailed to You by certified mail, return receipt requested, at the
address set forth below Your signature on this Agreement or at such other
address as You shall designate by written notice to the Company given in
accordance with this Section 13, and any notice required or permitted to be
given to the Company, the Chairman of the Board of Directors or the Chairman of
the Leadership and Compensation Committee of the Board of Directors shall be
given in writing, and personally delivered or mailed to that recipient by
certified mail, return receipt requested, addressed to the appropriate
recipient at the address set forth under the signature of the Executive Vice
President of the Company or his designee on this Agreement or at such other
address as the Company shall designate by written notice to You given in
accordance with this Section 13.  Any
notice complying with this Section 13 shall be deemed received upon actual
receipt by the addressee.

14.          Waiver. 
The waiver by either
party hereto of any breach of this Agreement by the other party hereto shall
not be effective unless in writing, and no such waiver shall operate or be
construed as the waiver of the same or another breach on a subsequent occasion.

15.          Governing Law. 
This Agreement and
the rights of the parties hereunder shall be governed by and construed in
accordance with the laws of the State of Georgia.

16.          Beneficiary. 
All of the terms and
provisions of this Agreement shall be binding upon and inure to the benefit of
and be enforceable by the parties hereto and their respective successors,
heirs, executors, administrators and permitted assigns.

17.          Entire Agreement. 
This Agreement
embodies the entire agreement of the parties hereto relating to Your employment
by the Company in the capacity herein stated and, except as specifically
provided herein, no provisions of any employee manual, personnel policies,
Company directives or other agreement or document shall be deemed to modify the
terms of this Agreement.  No amendment or
modification of this Agreement shall be valid or binding upon You or the
Company unless made in writing and signed by the parties hereto.  All prior understandings and agreements
relating to Your employment by the Company, in whatever capacity, are hereby
expressly terminated.

18.          Excise Tax.

(a)           If any payment or distribution by the Company and/or any
Affiliate of the Company to or for Your benefit, whether paid or payable or
distributed or distributable pursuant to the terms of this Agreement or
otherwise pursuant to or by reason of any other agreement, policy, plan,
program or arrangement, including without limitation any stock option, stock
appreciation right or similar right, or the lapse or termination of any
restriction on or the vesting or exercisability of any of the foregoing (a “Payment”),
would be subject to the excise tax imposed by Section 4999 of the Code or to
any similar

tax imposed by state or
local law, or any interest or penalties with respect to such tax (such tax or
taxes, together with any such interest and penalties, being hereafter
collectively referred to as the “Excise Tax”), then the payments and benefits
payable or provided under this Agreement (or other Payments as described below)
shall be reduced (but not below the amount of the payments or benefits provided
under this Agreement) if, and only to the extent that, such reduction will
allow You to receive a greater Net After Tax Amount than You would receive
absent such reduction.

(b)           The
Accounting Firm will first determine the amount of any Parachute Payments that
are payable to You.  The Accounting Firm
also will determine the Net After Tax Amount attributable to Your total
Parachute Payments.

(c)           The
Accounting Firm will next determine the largest amount of Payments that may be
made to You without subjecting You to the Excise Tax (the “Capped Payments”).  Thereafter, the Accounting Firm will
determine the Net After Tax Amount attributable to the Capped Payments.

(d)           You
then will receive the total Parachute Payments or the Capped Payments or such
other amount less than the total Parachute Payments, whichever provides You
with the higher Net After Tax Amount, but in no event will any such reduction
imposed by this Section 18 be in excess of the amount of payments or
benefits payable or provided under this Agreement.  If You will receive the Capped Payments or
some other amount lesser than the total Parachute Payments, the total Parachute
Payments will be adjusted by first reducing the amount of any noncash benefits
under this Agreement or any other plan, agreement or arrangement (with the
source of the reduction to be directed by You) and then by reducing the amount
of any cash benefits under this Agreement or any other plan, agreement or
arrangement (with the source of the reduction to be directed by You).  The Accounting Firm will notify You and the
Company if it determines that the Parachute Payments must be reduced and will
send You and the Company a copy of its detailed calculations supporting that
determination.

(e)           As a result of the uncertainty in the application of Code
Sections 280G and 4999 at the time that the Accounting Firm makes its
determinations under this Section 18, it is possible that amounts will have
been paid or distributed to You that should not have been paid or distributed
under this Section 18 (“Overpayments”), or that additional amounts should be
paid or distributed to You under this Section 18 (“Underpayments”).  If the Accounting Firm determines, based on
either the assertion of a deficiency by the Internal Revenue Service against
the Company or You, which assertion the Accounting Firm believes has a high
probability of success or controlling precedent or substantial authority, that
an Overpayment has been made, that Overpayment will be treated for all purposes
as a debt ab initio that You must
repay to the Company together with interest at the applicable Federal rate
under Code Section 7872; provided, however, that no debt will be deemed to have
been incurred by You and no amount will be payable by You to the Company
unless, and then only to the extent that, the deemed debt and payment would
either reduce the amount on which You are subject to tax under Code Section
4999 or generate a refund of tax imposed under Code Section 4999.  If the Accounting Firm determines, based upon
controlling precedent or

substantial authority, that
an Underpayment has occurred, the Accounting Firm will notify You and the
Company of that determination and the amount of that Underpayment will be paid
to You promptly by the Company.

(f)            For
purposes of this Section 18, the following terms shall have their respective
meanings:

(i)            “Accounting Firm” means the· independent accounting firm
engaged by the Company in the Company’s sole discretion.

(ii)           “Net After Tax Amount” means the amount of any Parachute
Payments or Capped Payments, as applicable, net of taxes imposed under Code
Sections 1, 3101(b) and 4999 and any State or local income taxes applicable to
You on the date of payment.  The
determination of the Net After Tax Amount shall be made using the highest
combined effective rate imposed by the foregoing taxes on income of the same
character as the Parachute Payments or Capped Payments, as applicable, in
effect on the date of payment.

(iii)          “Parachute Payment” means a payment that is described in
Code Section 280G(b)(2), determined in accordance with Code Section 280G and
the regulations promulgated or proposed thereunder.

(g)           The fees and expenses of the Accounting Firm for its
services in connection with the determinations and calculations contemplated by
the preceding subsections shall be borne by the Company; If such fees and
expenses are initially paid by You, the Company shall reimburse You the full
amount of such fees and expenses within five business days after receipt from
You of a statement therefore and reasonable evidence of Your payment thereof.

(h)           The Company and You shall each provide the Accounting Firm
access to and copies of any books, records and documents in the possession of
the Company or You, as the case may be, reasonably requested by the Accounting
Firm, and otherwise cooperate with the Accounting Firm in connection with the
preparation and issuance of the determinations and calculations contemplated by
the preceding subsections.  Any
determination by the Accounting Firm shall be binding upon the Company and You.

(i)            The federal, state and local income or other tax returns
filed by You shall be prepared and filed on a consistent basis with the
determination of the Accounting Firm with respect to the Excise Tax payable by
You.  You, at the request of the Company,
shall provide the Company true and correct copies (with any amendments) of Your
federal income tax return as filed with the Internal Revenue Service and
corresponding state and local tax returns, if relevant, as filed with the
applicable taxing authority, and such other documents reasonably requested by
the Company, evidencing such conformity.

(j)            All payments to be made to You under this Section 18 must
be paid by the end of Your taxable year next following the year in which the
taxes that are the subject of the audit or litigation are remitted to the
taxing authorities or, where no such taxes are 

remitted, the end of your
taxable year following the year in which the audit is completed or there is a
final and non-appealable settlement or the resolution of the litigation.

19.          Tax Liabilities and Code Section
409A.  Any
payments or benefits that you receive pursuant to this Agreement shall be
subject to reduction for any applicable employment or withholding taxes.  Notwithstanding any other provision of this
Plan, if You are a Specified Employee, and if the amounts that You are entitled
to receive pursuant to Section 6 are not otherwise exempt from Section
409A of the Code, then to the extent necessary to comply with Section 409A, no
payments for such amounts may be made under this Agreement (including, if
necessary, any payments for welfare or other benefits in which case You may be
required to pay for such coverage or benefits and receive reimbursement when
payment is no longer prohibited) before the date which is six (6) months after
Your Termination of Employment or, if earlier, Your date of death.  All such amounts, which would have otherwise
been required to be paid over such six (6) months after Your Termination of
Employment or, if earlier, your date of death, shall be paid to you in one lump
sum payment as soon as administratively feasible after the date which is six
(6) months after Your Termination of Employment or, if earlier, your date of
death.  All such remaining payments shall
be made as if they had begun as set forth in this Agreement.  For purposes of this Agreement, Your rights
to payments shall be treated as rights to receive a series of separate payments
to the fullest extent allowable under Section 409A of the Code.  This Agreement is intended to comply with the
applicable requirements of Section 409A of the Code and shall be construed and
interpreted in accordance therewith.  The
Company may at any time amend, suspend or terminate this Agreement, or any
payments to be made hereunder, as necessary to be in compliance with Section
409A of the Code to avoid the imposition on You of any potential excise taxes
relating to Section 409A.  To the extent
that you incur liability for excise taxes, penalties or interest under Section
409A of the Code because any nonqualified deferred compensation plan of the
Company fails to comply with Section 409A, the Company will make a special
reimbursement payment to you equal to the sum of (i) Your liability for excise
taxes, penalties or interest under Section 409A and (ii) all taxes attributable
to the special reimbursement payment.

IN WITNESS WHEREOF, You
and the Company have executed and delivered this Agreement as of the date first
shown above.

	
  YOU:

  	
   

  	
  THE COMPANY:

  
	
   

  	
   

  	
   

  
	
  ROLLA HUFF

  	
   

  	
  EARTHLINK, INC.

  
	
   

  	
   

  	
   

  
	
  /s/ Rolla Huff

  	
   

  	
  By:

  	
  /s/ Linwood A. Lacy, Jr.

  
	
   

  	
   

  	
   

  	
   

  
	
  Address:

  	
  1375 Peachtree Street

  	
   

  	
  Name:

  	
  Linwood A. Lacy, Jr.

  	 

	
   

  	
  7-North

  	
   

  	
  Title:

  	
  Chairperson - Leadership and 

  
	
   

  	
  Atlanta, GA 30309

  	
   

  	
   

  	
  Compensation Committee

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Address:

  	
  1375 Peachtree Street 

  
	
   

  	
   

  	
   

  	
  7-North

  
	
   

  	
   

  	
   

  	
  Atlanta, GA 30309

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]