Document:

EX-10.40 AMENDED EMPLOYMENT AGRMT/ C.U.J.ROSSETTI

 

Exhibit 10.40

TIME WARNER CABLE LETTERHEAD

Confidential

November 8, 2005

Carl U.J. Rossetti

Time Warner Cable

290 Harbor Drive

Stamford. CT 06902

Dear Carl:

In accordance with the provisions of Section 1 of the Amended and Restated Employment and
Termination Agreement (the “Agreement”) dated as of June 1, 2000, between you and Time Warner Cable
(the “Company”), notice is hereby given to you of the Company’s determination to extend the term of
the Agreement for an additional year.

Please indicate your acceptance of the foregoing extension of the Agreement by signing the enclosed
copy of this letter and returning it to the Company by December 15th. Pursuant to Section 1 of the
Agreement, failure to do so will be deemed an election by you to terminate your employment without
cause pursuant to Section 5(a) of the Agreement.

Very truly yours,

TIME WARNER ENTERTAINMENT COMPANY, L.P., a

subsidiary of TIME WARNER CABLE INC.

	 	 	 	 	 
	By:

	 	/s/ Marc Lawrence-Apfelbaum
 

     Marc Lawrence-Apfelbaum
	 	 
	 

	 	     Executive Vice President	 	 
	 

	 	     General Counsel & Secretary	 	 

Accepted:

	 	 	 
	/s/ Carl U.J. Rossetti
 

Signature

	 	 
	 
	 	 
	11/10/05 

	 	 
	Date
	 	 

 

 

     Amended and Restated Employment and Termination Agreement dated as of June 1, 2000, between
Time Warner Cable, a division of Time Warner Entertainment Company, L.P., a Delaware limited
partnership (the “Company”), and the employee whose name appears on the last page hereof (the
“Employee”). Employee and the Company (or its predecessor) previously entered into the original
Employment and Termination Agreement dated as of June 29, 1989 (as amended from time to time, the
“Original Agreement”).

     The Company and Employee hereby agree to amend and restate the Original Agreement in its
entirety, and to continue Employee’s employment with the Company, on the following terms and
conditions:

     1. Term. The Company hereby employs Employee and Employee hereby accepts such
employment upon the terms and conditions hereof for a term commencing on the date of this Agreement
as set forth above and, subject to the following sentences of this Section, ending on December 31,
2002. Unless Employee’s employment under this Agreement is otherwise terminated in accordance with
Sections 5, 6 or 7, during the period between November 1st to November 30th of 2000 and each year
thereafter, the Company shall notify Employee in writing (using the form attached hereto as Exhibit
A) of its determination either to extend the term of this Agreement on the same terms and
conditions for an additional year, or to terminate Employee’s employment under this Agreement in
accordance with Section 6(b), effective as provided in such notice. If the Company shall so notify
Employee of its determination to extend the term of this Agreement and Employee accepts such
extension in writing prior to December 20th of such year, then, unless Employee’s employment under
this Agreement is otherwise so terminated, this Agreement shall as of the January 1st immediately
thereafter have a remaining unexpired term of three calendar years. If Employee fails to accept
(using such form) any such extension in writing

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prior to any such December 20th, Employee shall be deemed to have given written notice of
termination without cause as provided in Section 5(a); such termination shall be effective 90 days
after such December 20th and the provisions of Section 5(a) shall govern as to the terms of such
termination. Except as provided in this Section 1 and Sections 5, 6 or 7, Employee’s employment
under this Agreement may not be terminated. Sections 8 through 23 and 25 through 32 shall survive
any termination of Employee’s employment under this Agreement.

     2. Duties. Employee shall serve in his or her current management position with the
title indicated on the last page hereof or, subject to Section 5, in such other senior management
position as the Company shall determine. Subject to the foregoing, Employee shall perform such
duties as may be assigned by the Company to Employee from time to time, and shall travel for
business purposes to the extent reasonably necessary or appropriate in the performance of such
duties.

     Employee shall perform such duties on a full time basis (subject to the Company’s written
policies on vacations, illness, government service, sabbaticals, etc. applicable to employees at
Employee’s level); provided, however, that Employee shall not be precluded from
devoting such time to personal affairs as shall not interfere with the performance of his or her
duties hereunder. In performing his or her duties hereunder, Employee shall comply with the
Company’s and Time Warner Inc.’s (“TWI”) written policies on conflict of interest, service as a
director of another company and other policies and procedures of the Company and TWI, including as
described in TWI’s Statement of Corporate Policy and Compliance Program Manual, as may be amended
or revised from time to time, copies of which, as currently in effect, Employee acknowledges having
received. References in this Agreement to employees at Employee’s level shall mean members of the
Executive Group (defined as individuals with an

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assigned executive compensation level with eligibility for the Long Term Cash Plan and Tier I
Level Stock Options, or such other substitute plans as the Company may designate from time to
time).

     3. Compensation. The Company shall pay Employee an annual salary in respect of each
calendar year of not less than the amount set forth on the last page hereof and an annual bonus in
respect of each calendar year based on a target percentage of the annual salary paid to Employee
during such calendar year of not less than the percentage set forth on the last page hereof.
Subject to Section 5, Employee acknowledges that his or her actual annual bonus (the “Annual
Bonus”) may vary, depending on actual performance of the Company and Employee; provided,
however, that Employee shall be entitled to a minimum Annual Bonus in respect of each
calendar year equal to one-half of the bonus calculated based on such target percentage (the
“Target Bonus”) for such calendar year. Employee shall also be eligible to participate in any stock
bonus, stock option, restricted stock, long-term incentive, deferred compensation or other
executive compensation plan, whether now existing or established hereafter, to the extent employees
at Employee’s level are generally deemed eligible to participate therein (collectively, the
“Incentive Plans”).

     The Company shall evaluate the performance of Employee at least annually in accordance with
the Company’s personnel evaluation practices, as may be in effect from time to time, and shall
determine, in its sole discretion, but subject to Section 5 and the second sentence of this Section
3, the amount of any annual salary increase, the amount of any Annual Bonus, whether to increase
the target percentage of Employee’s Annual Bonus, and the extent of Employee’s participation, if
any, in the Incentive Plans.

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     The Company shall pay or reimburse Employee, in accordance with Company policies applicable to
employees at Employee’s level, for all travel, entertainment and other business expenses actually
incurred or paid by Employee (while an active employee) in the performance of his or her duties
hereunder, if properly substantiated and submitted.

     4. Benefits. Employee shall be eligible to participate in any pension,
profit-sharing, employee stock ownership, deferred compensation, vacation, insurance,
hospitalization, medical, health, disability and other employee benefit or welfare plan, program or
policy whether now existing or established hereafter (collectively, the “Benefit Plans”), to the
extent that employees at Employee’s level are generally deemed eligible under the general
provisions thereof.

     5. Termination By Employee.

          (a) General. Except as provided in Sections 1 or 5(b) or by reason of Employee’s
retirement under the terms of Section 5(c) or of any retirement plan in which employees of the
Company are generally eligible to participate, Employee may not terminate his or her employment
under this Agreement except upon 90 days prior written notice and only if notice of termination has
not previously been given under any other Section hereof. Upon the effectiveness of such
termination, Employee’s employment with the Company will terminate and Employee shall be entitled
to receive (i) any earned and unpaid portion of annual salary accrued through the date of such
termination, and (ii) subject to the terms thereof, all benefits which may be due to Employee under
the provisions of any Benefit Plan and Incentive Plan. Employee hereby disclaims any right to
receive a pro rata portion of his or her Annual Bonus with respect to the year in which such
termination occurs.

          (b) Following a Change in Control.

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               (i) Provided that notice of termination has not previously been given under any other Section
hereof, Employee shall have the right to terminate his or her employment with the Company under
this Agreement for cause upon 30 days prior written notice delivered to the Company at any time
within 180 days after Employee has actual knowledge of the occurrence of any of the following
events, but only if any such event occurs within three years following a Change in Control,
indicating in such notice which event has occurred:

                    A. A change in the location of Employee’s office or (if the Employee’s work is located at the
Company’s principal executive offices) of the Company’s principal executive offices, to a place
which is more than 50 miles from the location of Employee’s office or the location of the Company’s
principal executive offices, immediately prior to the occurrence of a Change in Control;

                    B. A material reduction in Employee’s decision-making, budgetary, operating, staff and other
responsibilities, taken as a whole, from such responsibilities immediately prior to the occurrence
of a Change in Control, or a change in the person or persons to whom Employee reported immediately
prior to the occurrence of a Change in Control, to a person or persons of lesser rank, title or
responsibility;

                    C. A reduction in the aggregate cash compensation (consisting of annual salary and Annual
Bonus) paid or to be paid to Employee by the Company in respect of any calendar year to an amount
which is more than 10% below the highest such aggregate cash compensation paid to Employee by the
Company with respect to any preceding calendar year;

                    D. A reduction in the aggregate benefits granted to Employee under the Benefit Plans and
Incentive Plans in any calendar year such that the aggregate value

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thereof to Employee is reduced by more than 10% from the highest value of the benefits granted
to Employee (determined on a consistent basis) for any calendar year after 1987;

                    E. Any failure by the Company to obtain the express written assumption of the Agreement by
agreement of any successor of the Company of any assignee of all or substantially all of its assets
at or prior to such succession or assignment (such assumption not relieving the Company of any
liability hereunder); or

                    F. Any material breach of this Agreement by the Company.

               (ii) Upon the expiration of the 30-day notice period provided in Section 5(b)(i), Employee’s
employment shall be terminated and Employee shall be relieved of his or her management position
with the Company and his or her duties hereunder. Upon Employee’s termination of employment with
the Company under this Section 5(b), Employee shall receive:

                    (t) subject to the terms thereof, all benefits which may be due to Employee under the
provisions of any Benefit Plan and Incentive Plan;

                    (u) a lump sum severance payment within 30 days following the effective date of such
termination in an amount equal to three times the sum of (1) Employee’s annual salary (including
for this purpose any deferred salary, if such a program has been offered by the Company) at the
rate in effect as of Employee’s termination of employment or immediately prior to the Change in
Control, whichever is greater, plus (2) the greater of (xx) the average of the two most recent
Annual Bonuses received by Employee immediately prior to Employee’s termination of employment or
immediately prior to the Change in Control, whichever is greater, and (yy) Employee’s then
applicable Target Bonus amount or the

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Employee’s applicable Target Bonus amount in effect immediately prior to the Change in
Control, whichever is greater;

                    (v) in addition to any retirement benefits to which Employee is entitled under any defined
benefit pension plan, any supplemental retirement or excess benefit plan maintained by the Company,
TWI or any of their respective subsidiaries or any successor plans thereto (hereinafter
collectively referred to as the “Pension Plans”), a lump sum severance payment within 30 days
following Employee’s termination of employment, in an amount equal to the excess of (1) over (2),
where (1) equals the aggregate retirement pension to which Employee would have been entitled under
the terms of the Pension Plans (without regard to any amendment to the Pension Plans made
subsequent to the Change in Control and on or prior to Employee’s date of termination of
employment, which amendment adversely affects in any manner the computation of retirement benefits
thereunder), determined (A) as if Employee were fully vested thereunder, (B) as if Employee had
continued to be employed by the Company (after any termination pursuant to this Section 5) for such
additional period of time (the “Pension Period”), not exceeding three years, which would provide
the maximum payment to Employee under this subparagraph (v) but in no event shall Employee be
deemed to have continued to be employed by the Company after his or her normal retirement age as
defined in the Time Warner Cable Pension Plan, (C) as if Employee had accumulated compensation
during the Pension Period in an amount equal to the amount computed in Section 5(b)(ii)(u) and as
if such compensation was paid to Employee at the time each such amount would have been paid had
Employee remained an employee of the Company (as limited by Section 401(a)(17) of the Internal
Revenue Code of 1986, as amended (the Code”)) and (D) by taking into account any early retirement
subsidies associated therewith and Employee’s actual age at the expiration of the

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Pension Period and based on the assumptions provided in the Time Warner Cable Pension Plan for
purposes of calculating alternative forms of benefits, as a lump sum payment commencing at age 65
or any earlier date, but in no event earlier than the expiration of the Pension Period, whichever
lump sum value is greatest; and where (2) equals the aggregate vested retirement pension (taking
into account any early retirement subsidies associated therewith and determined, based on the
assumptions provided in the Time Warner Cable Pension Plan for purposes of calculating alternative
forms of benefits as a lump sum benefit commencing at age 65 or any earlier date, but in no event
earlier than the date of Employee’s termination of employment, whichever lump sum value is
greatest) to which Employee is then entitled pursuant to the provisions of the Pension Plans;

                    (w) in addition to any benefits to which Employee is then entitled under any defined
contribution employee benefit plan maintained by the Company, TWI or any of their respective
subsidiaries or any successor plan thereto (the “Savings Plan”), a lump sum payment within 30 days
following Employee’s termination in an amount equal to three times Employee’s eligible compensation
(as defined below) times (1) the employer’s rate of contribution as a percentage of eligible
compensation to Employee’s accounts under the Savings Plan and any employer matching contribution
as a percentage of eligible compensation to Employee’s account under the Savings Plan, in each
case, for the calendar year immediately prior to Employee’s termination of employment or the
calendar year immediately prior to the Change in Control, whichever is greater, with Employee’s
eligible compensation defined as the lump sum severance payment in Section 5(b)(ii)(u) above
divided by three but subject to the limitations set forth in the definition of Compensation in each
Savings Plan, respectively, for each calendar year, or (2) if Employee was not eligible to
participate in the Savings Plan during

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the calendar year immediately prior to Employee’s termination of employment and the calendar
year immediately prior to the Change in Control on account of Employee’s failure to satisfy the
minimum age and/or service requirements, if any, for participation in the Savings Plan, the amount
which would have been contributed as employer contributions to Employee’s account under the Savings
Plan, had Employee been eligible to so participate, and had Employee participated at the highest
contribution rate permissible under the terms of the Savings Plan for the calendar year immediately
prior to Employee’s termination of employment or the calendar year immediately prior to the Change
in Control, whichever calendar year yields the greater contribution with Employee’s compensation
defined as the lump sum severance payment in Section 5(b)(ii)(u) above divided by three, but
subject to the limitation set forth in the definition of Compensation in each Savings Plan,
respectively, for each calendar year (the total cash payments payable to Employee under these
Sections 5(b)(ii)(u), (v) and (w) are hereinafter referred to as the “Severance Payment”);

                    (x) for a period of three years beginning with Employee’s termination of employment, continued
eligibility and enrollment (including family coverage, if any), without a premium charge therefore,
in hospital, medical and dental insurance plans providing substantially equivalent benefit coverage
to those plans in which Employee was enrolled immediately prior to the Change in Control unless
waived in writing by Employee (or, in the event such coverage cannot be provided, substantially
similar benefits); provided, however, that benefits otherwise receivable by
Employee pursuant to this Section 5(b)(ii)(x) shall be reduced to the extent comparable benefits
are actually received by Employee from a subsequent employer during the three-year period following
Employee’s termination of

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employment, which comparable benefits actually received by Employee shall be reported by the
Employee to the Company upon the Company’s request;

                    (y) for a period beginning with Employee’s termination of employment under this Section 5(b)
(or any other Section hereof expressly referencing this provision) and ending on the earlier to
occur of (1) the expiration of one year or (2) his or her commencement of full-time employment with
a subsequent employer, the Company shall provide to Employee, without charge to Employee, the use
of reasonable office space and reasonable office facilities as designated by the Company, together
with reasonable secretarial services in each case appropriate to an employee of Employee’s position
and responsibilities prior to such termination of employment; and

                    (z) reimbursement of fees and expenses incurred for financial and tax counseling services
selected by Employee; provided that such reimbursement shall not exceed $10,000.

          (c) Retirement Option. Provided that, at the time of election, the Employee (x) is
actively employed by the Company, (y) has reached the age of 55, and (z) has been employed by the
Company as member of the Executive Group for at least five years the Employee may elect, by
providing written notice to the Company in the form attached hereto as Exhibit B, the Retirement
Option, as outlined below:

               (i) Within 15 days of the Employee’s exercise of the Retirement Option, the Company and the
Employee will attempt to agree upon the length a “Transition Period” of between six and 12 months.
The Transition Period shall commence as of the date of Employee’s written notice to the Company of
Retirement Option.

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                    A. If the parties are unable, within the 15-day period, to agree on the length of the
Transition Period, then the Transition Period shall be for six months.

                    B. During the Transition Period, the Employee will remain actively employed, at Employee’s
then-current rate of compensation, and, in addition to Employee’s other regular functions and
responsibilities, will assist the Company in identifying, recruiting, and training the Employee’s
replacement. The Employee will continue to be responsible for the management, direction, and
performance of his/her division, operating unit or department during the Transition Period to the
full extent that Employee was so responsible prior to the Transition Period.

                    (ii) At the conclusion of the Transition Period, the term of employment hereunder will cease
and Employee will become an advisor to the Company (the “Advisory Period”) as follows:

                    A. The Advisory Period will extend for 36 months. During the Advisory Period, the Employee
will receive compensation as follows: (x) for the first 12 months, Employee’s then-current annual
salary and bonus; (y) for the second 12 months, annual salary, plus 50% bonus; and (z) for the
third 12 months, annual salary only. The bonus amount paid in (x) and (y) will be calculated as
follows: The bonus amount paid will be the greater of Target Bonus or the average of the two most
recent full year Annual Bonuses. All payments pursuant to this subsection shall be made in
accordance with the Company’s ordinary timing and procedures for salary and bonus compensation.

                    B. The Employee will continue to vest in any outstanding stock options and long-term cash
incentives (or any other similar plan) during the Advisory Period; however, the Employee will not
be entitled to any additional awards or grants. The

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Employee will also continue to be eligible to participate in any benefit plan (including
medical, dental and vision care, long-term disability, and life insurance) as if he/she were
actively employed during the Advisory Period. If the Employee elected premium reimbursement from
the Company in lieu of full group term life insurance, the payments in effect at the end of the
Transition Period will be continued until the end of the Advisory Period. If the Employee did not
elect premium reimbursement from the Company, group term life insurance equal to the amount
provided at the end of the Transition Period will be continued until the end of the Advisory
Period.

                    C. The Employee will not be provided with office space or secretarial services by the Company
during the Advisory Period. However, as soon as possible following the end of the Transition
Period, the Employee will receive a lump-sum payment of $10,000, less appropriate taxes and
deductions, as reimbursement for office expenses incurred during the Advisory Period. No further
payments or reimbursements will be made for office space or secretarial services during the
Advisory Period.

                    D. During the Advisory Period, the Employee will be eligible for reimbursement of financial
and estate planning expenses, in the same amount and under the same terms as other employees at
Employee’s level.

                    E. The Employee shall not be eligible for a Company-provided car or car allowance during the
Advisory Period. Any Company-provided car in the possession of the Employee will be returned by
Employee to the Company prior to commencement of the Advisory Period.

                    F. During the Advisory Period, the Employee will provide such advisory services concerning the
business, affairs and management of the Company as may

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be requested by the Company’s management, but shall not be required to devote more than five
days per month (up to eight hours per day), to such services. The services shall be performed at a
time and place mutually convenient to both parties. The Company will reimburse the Employee for any
expenses reasonably and necessarily incurred in providing such services, other than expenses of the
nature set forth in Section 5(c)(ii)(C). The Company may require proof of the expenses incurred,
via receipts or other appropriate documentation.

                    G. The election of this Retirement Option, including the compensation and benefits payable
during the Transition Period and the Advisory Period described herein above, are in lieu of any and
all benefits, compensation, and payments otherwise available under this Agreement. Employee shall
have no further rights to such compensation and benefits hereunder, except as outlined in this
Section 5(c), once Employee elects this Retirement Option. Employee will continue to be bound to
Employee’s obligations under this Agreement, except where expressly modified herein.

                    H. If the Employee accepts other employment during the Advisory Period, (1) he/she will be
terminated from payroll and will receive a lump-sum payment for the balance of the salary and
bonuses payable during the Advisory Period and (2) his/her participation in all incentive, benefit
and insurance plans or perquisites of the Company including Stock Option and Long Term Cash Plans,
shall be determined in accordance with Company procedures and plan documents. Notwithstanding the
preceding sentence, if the Employee accepts employment with any not-for-profit Entity (defined as
an entity that is exempt or in the process of obtaining exemption from federal taxation under
Section 50l(c)(3) of the Internal Revenue Code), then the Employee shall be entitled to remain on
the payroll of the Company and receive the payments as provided above.

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                    I. Unless specifically requested by the Company, the Employee will not be expected to attend
any management meetings, trade shows, conferences, or other similar events or activities, and will
not be reimbursed for the costs of such activities during the Advisory Period.

                    J. The Employee’s election of the Retirement Option as outlined herein shall be irrevocable.

                    K. The Employee shall, in partial consideration for the payments to be made pursuant to
Employee’s election of the Retirement Option, execute and deliver to the Company a release as
described in Section 6(b).

     6. Termination by Company.

          (a) For Cause. Provided that notice of termination has not previously been given
under any other Section hereof, the Company shall have the right to terminate Employee’s employment
for cause upon written notice to Employee at any time. In such event, Employee’s employment with
the Company shall terminate immediately and Employee shall be entitled to receive (i) any earned
and unpaid annual salary accrued through the date of such termination, and (ii) subject to the
terms thereof, any benefits which may be due to Employee under the provisions of any Benefit Plan
and Incentive Plan. Employee hereby disclaims any right to receive a pro rata portion of his or her
Annual Bonus with respect to the year in which such termination occurs. For purposes hereof,
“cause” shall mean that Employee (x) has materially breached this Agreement resulting in material
financial loss or substantial embarrassment to the Company and, after having been given written
notice thereof by the Company, Employee has failed to correct such breach within 30 days after
receipt of such notice, or (y) has been convicted

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of, or has pleaded nolo contendere to, a felony, whether or not related to the affairs of the
Company, and whether or not any right to appeal has been exercised.

          (b). Other. Provided that notice of termination has not previously been given under
any other Section hereof, the Company shall have the right at any time to terminate Employee’s
employment under this Agreement without cause, by giving written notice thereof to Employee.

               (i) If such notice is given to Employee within three years following the occurrence of a
Change in Control, Employee shall be entitled to receive, subject to the terms thereof, all
benefits which may be due to Employee under the provisions of any Benefit Plan and Incentive Plan
and all other payments and benefits in the amounts and upon the terms and conditions provided in
Sections 5(b)(ii)(u), (v), (w), (x), (y) and (z).

               (ii) If such notice is so given to Employee prior to the occurrence of a Change in Control, or
more than three years following a Change in Control, Employee shall be entitled to receive, subject
to the terms thereof, all benefits which may be due to Employee under the provisions of any Benefit
Plan and Incentive Plan, and to elect, within 30 days after receiving such notice, either (A) to
receive an amount equal to the payment provided in Section 5(b)(ii)(u) or (B) be placed on a leave
of absence (the “Leave”) as an inactive employee of the Company for a period (as determined by
Employee) of up to three years following the date notice of termination is given by the Company
pursuant to this Section 6(b), in which case Employee shall be relieved of his or her management
position with the Company and his or her duties hereunder, and shall continue to receive both
annual salary at an annual rate equal to his or her annual rate in effect immediately prior to his
or her termination of employment and Annual Bonuses in respect of each of such three calendar years
(in each case payable in accordance with the regular

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practices of the Company), each such bonus to be in an amount equal to the greater of (xx) the
average of the two most recent full year Annual Bonuses earned by the Employee immediately prior to
his or her termination of employment and (yy) Employee’s then applicable Target Bonus amount;
provided, however, that if Employee accepts full time employment with any other
person or corporation, partnership, trust, government or other entity (“Entity”) during such
three-year period or notifies the Company in writing of his or her intention to terminate his or
her employment during such period, Employee shall cease to be an employee of the Company effective
upon the commencement of such employment, or the effective date of such termination as specified by
Employee in such notice, and shall be entitled to receive, subject to the terms thereof, all
benefits due to Employee under the provisions of any Benefit Plan and Incentive Plan and a lump sum
cash payment for the balance of the salary and bonuses Employee would have been entitled to receive
pursuant to this Section 6(b)(ii)(B) had Employee remained on the Company’s payroll until the end
of the three-year period; provided further, however, that Employee shall
not be entitled to receive such lump sum cash payment if he or she accepts full-time employment
with any subsidiary or Affiliate of the Company. For purposes of this Agreement, the term
“Affiliate” shall mean any Entity which, directly or indirectly, controls, is controlled by, is
under the control of, or is under common control with, the Company.

     For the period beginning when Employee receives such notice of termination from the Company,
and ending one year thereafter, Employee will, without charge to Employee, have use of reasonable
office space and facilities as designated by the Company, together with reasonable secretarial
services in each case appropriate to an employee of Employee’s position and responsibilities prior
to such termination of employment. Employee will continue to be eligible to participate in the
Company’s Benefit Plans and to receive, subject to the terms thereof, all

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benefits which are received by other employees at Employee’s level thereunder; however, except
as otherwise provided herein, Employee will not be entitled to any awards or grants under any
Incentive Plan, and Employee shall not be entitled to a Company-provided vehicle. Employee shall
return any Company provided vehicle to the Company within 30 days of the date of the Company’s
Notice of Termination of Employee.

     If Employee leaves the payroll of the Company within one year after notice of termination is
given to Employee under this Section 6(b), any aggregate lump sum payment due to Employee in
accordance with Section 6(b)(ii)(B) shall be paid in two installments as follows: 75% of such
amount shall be paid at the time Employee leaves the Company’s payroll, and the remaining 25% shall
be paid to Employee on the date which is one year after such notice of termination has been given.

     In the event that Employee’s employment is terminated, then, in partial consideration for the
Company’s obligation to make the payments described in this Section 6(b), Employee shall execute
and deliver to the Company a Release containing language similar to the form as set forth in
Exhibit C. The Company shall deliver such Release to Employee within a reasonable period of time
after Employee has made the election provided for in this Section 6(b). If Employee shall fail to
execute and deliver to the Company such Release with 30 days of Employee’s receipt thereof from the
Company, Employee’s employment with the Company shall terminate effective at the end of such 30-day
period and Employee shall receive, in lieu of the severance arrangements described in Section
6(b)(ii), a lump sum cash payment in an amount determined in accordance with the personnel policies
of the Company then applicable.

     7. Death Benefit; Life Insurance; Disability. Provided that the term of employment has
not been earlier terminated hereunder, upon the death of the Employee, this Agreement and

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all benefits hereunder shall terminate (except as otherwise provided in any benefit, savings,
incentive or other plan or program of the Company), except that the Employee’s estate (or a
designated beneficiary thereof) shall be entitled to receive: 1) If Company paid Life Insurance
above $50,000 has been waived, Company paid Life Insurance of $50,000 (and Employee will be
entitled to his/her Group Universal Life Insurance death benefit from the insurance company if any
has been elected); or, 2) Company paid Life Insurance equal to three years’ of Employee’s Base
Salary plus bonus compensation based on the greater of (a) the average of the regular Annual Bonus
amounts (excluding the amount of any special or spot bonuses) received by the Employee from the
Company for the most recent two years, times 3, or (b) the Employee’s then applicable Target Bonus
amount multiplied by 3.

     Further, during the period the Employee is receiving periodic payments under Section
6(b)(ii)(B), the Employee will be provided with the Life Insurance benefit available prior to
termination. If the Employee elected premium reimbursement from the Company in lieu of Company-paid
group term life insurance, the payments in effect prior to the date notice of termination is given
will be continued through the end of the salary continuation period. If the Employee did not elect
premium reimbursement from the Company, group term life insurance equal to the amount provided
prior to the date notice of termination is given will be continued through the end of the salary
continuation period.

          (b) Disability. Provided that notice of termination has not previously been given
under any Section hereof, if Employee becomes ill or is injured or disabled during the term of this
Agreement such that Employee fails to perform all or substantially all the duties to be rendered
hereunder and such failure continues for a period in excess of 26 consecutive weeks (a
“Disability”), the Company may terminate the employment of Employee under this Agreement

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upon written notice to Employee at any time and thereupon Employee shall be entitled to
receive (i) any earned and unpaid annual salary accrued through the date of such termination, (ii)
subject to the terms thereof, any benefits which may be due to Employee under the provisions of any
Benefit Plan and Incentive Plan, and (iii) a lump sum cash payment equal to three times Employee’s
then current annual salary and then applicable Target Bonus amount.

     8. Stock Options and Other Incentive Awards. Upon Employee’s termination of
employment with the Company for any reason, Employee’s rights to benefits and payments under any
stock options, restricted shares or other Incentive Plans shall be determined in accordance with
the terms and provisions of such Plans and any agreements under which such stock options,
restricted shares or other awards were granted. Subject to the terms of such Plans, in the event of
a termination of this Agreement pursuant to the terms hereof, Employee shall continue to be an
employee of the Company for purposes of any stock option and restricted shares agreements and any
other Incentive Plan awards until such time as Employee shall leave the payroll of the Company.

     9. Change in Control. For purposes of this Agreement, a “Change in Control” of TWI
shall be deemed to have occurred in the event (i) the Board of Directors of TWI (the “Board”) (or,
if approval of the Board is not required as a matter of law, the stockholders of TWI) shall approve
(a) any consolidation or merger of TWI in which TWI is not the continuing or surviving corporation
or pursuant to which shares of Common Stock of TWI (“Common Stock”) would be converted into cash,
securities or other property (other than a merger of TWI in which the holders of Common Stock
immediately prior to the merger have the same proportionate ownership of common stock of the
surviving corporation immediately after the merger, such as, for example, a merger effected solely
in order to change the state of

20

 

incorporation of TWI), or (b) any sale, lease, exchange, or other transfer (in one transaction
or a series of related transactions) of all, or substantially all, of TWI’s assets, or (c) the
adoption of any plan or proposal for the liquidation or dissolution of TWI, or (ii) any person (as
such term is defined in Sections 13(d)(3) and 14(d)(2), of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”)) or Entity (other than TWI or any benefit plan sponsored by TWI or any
subsidiary) (a) shall purchase any of TWI’s Common Stock (or securities convertible into TWI’s
Common Stock) for cash, securities or any other consideration pursuant to a tender offer or
exchange offer, without the prior consent of the Board, or (b) shall become the “beneficial owner”
(as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of
securities of TWI representing 20% or more of the combined voting power of TWI’s then outstanding
securities ordinarily (and apart from rights accruing under special circumstances) having the right
to vote in the election of directors (calculated as provided in paragraph (d) of such Rule 13d-3 in
the case of rights to acquire TWI’s securities), or (iii) during any period of two consecutive
years, individuals who at the beginning of such period constitute the entire Board shall cease for
any reason to constitute a majority thereof unless the election, or the nomination for election by
TWI’s stockholders, of each new director was approved by a vote of at least two-thirds of the
directors then still in office who were directors at the beginning of the period; provided,
however, that no such event shall be a Change in Control unless, at the time such event
occurs, TWI owns, directly or indirectly, more than 50% of the voting power of the outstanding
voting stock of the Company.

     10. Section 4999 Rules. In the event that Employee becomes entitled to the Severance
Payment, and notwithstanding any provisions to the contrary contained in this Agreement or any
other plan, arrangement or agreement including, without limitation, any stock

21

 

option, restricted stock, or similar plan or agreement with the Company, any person whose
actions result in a Change in Control or any person affiliated with the Company or such person
(such plans, arrangements and agreements being hereinafter referred to as the “Plans”), if any
payments or benefits received or to be received by Employee in connection with a Change in Control
or Employee’s termination of employment, whether pursuant to the terms of this Agreement or any
Plan, together with the amount, if any, by which any amount previously paid to Employee pursuant to
any Plan was reduced in order to avoid the imposition of the Excise Tax (as hereinafter defined)
(such amounts being hereinafter referred to as the “Parachute Payments”) would be subject to any
excise tax imposed under section 4999 of the Code (or any similar tax that may hereafter be
imposed) (the “Excise Tax”), then the Company will pay to Employee, within 30 days following the
effective date of Employee’s termination of employment, an additional amount (the “Gross-Up
Payment”) such that the net amount retained by Employee, after deduction of any Excise Tax on the
Parachute Payments and any federal, state and local income tax and Excise Tax upon the payment
provided for by this Section 10 will be equal to the Parachute Payments. For purposes of
determining whether any of the Parachute Payments will be subject to the Excise Tax and the amount
of such Excise Tax, (i) any other payments or benefits received or to be received by Employee in
connection with a Change in Control or Employee’s termination of employment (whether pursuant to
the terms of this Agreement or any Plan) shall be treated as “Parachute Payments” within the
meaning of Section 280G(b)(2) of the Code, and all “excess Parachute Payments” within the meaning
of Section 280G(b)(l) of the Code shall be treated as subject to the Excise Tax, unless in the
opinion of counsel selected by Employee, such other payments or benefits (in whole or in part) do
not constitute Parachute Payments, or such excess Parachute Payments (in whole or in part)
represent reasonable compensation for services

22

 

actually rendered within the meaning of Section 280G(b)(4) of the Code in excess of the “base
amount” within the meaning of Section 280G(b)(3) of the Code, or are otherwise not subject to the
Excise Tax, (ii) the amount of the Parachute Payments which shall be treated as subject to the
Excise Tax shall be equal to the lesser of (A) the total amount of the Parachute Payments or (B)
the amount of excess Parachute Payments within the meaning of Section 280G(b)(1) of the Code (after
applying clause (i), above), and (iii) the value of any non-cash benefits or any deferred payment
or benefit shall be determined by the Company’s independent auditors in accordance with the
principles of Sections 280G(d)(3) and (4) of the Code. For purposes of determining the amount of
the Gross-Up Payment, Employee shall be deemed to pay federal income taxes at the highest marginal
rate of federal income taxation in the calendar year in which the Gross-Up Payment is to be made
and state and local income taxes at the highest marginal rate of taxation in the state and locality
of Employee’s residence on the date of his or her termination of employment, net of the maximum
reduction in federal income taxes which could be obtained from deduction of such state and local
taxes. In the event that the Excise Tax is subsequently determined to be less than the amount taken
into account hereunder at the time of termination of Employee’s employment, Employee shall repay to
the Company, at the time that the amount of such reduction in Excise Tax is finally determined, the
portion of the Gross-Up Payment attributable to such reduction (plus that portion of the Gross-Up
Payment attributable to the Excise Tax and federal, state and local income tax imposed on the
Gross-Up Payment being repaid by Employee to the extent that such repayment results in a reduction
in Excise Tax and/or a federal, state or local income tax deduction) plus interest on the amount of
such payment at the rate provided in Section 1274(b)(2)(B) of the Code. In the event that the
Excise Tax is determined to exceed the amount taken into account hereunder at the time of the
termination of

23

 

Employee’s employment (including by reason of any payment the existence or amount of which
cannot be determined at the time of the Gross-Up Payment), the Company shall make an additional
Gross-Up Payment in respect of such excess (plus any interest, penalties or additions payable by
Employee with respect to such excess) at the time that the amount of such excess is finally
determined.

     The Company shall pay all legal fees, court costs, fees of experts and other costs and
expenses when incurred by Employee in connection with Employee’s interpretation of, or
determinations under, or any actual, threatened or contemplated litigation or legal, administrative
or other proceeding involving the provisions of this Section 10, whether or not initiated by
Employee.

     11. Trade Secrets; Work Product, Etc. Except in connection with the performance of
his or her duties hereunder, Employee hereby expressly covenants and agrees that Employee will not
at any time while employed by the Company or thereafter, exploit, use, sell, publish, disclose,
communicate or divulge to any person or Entity, other than the Company and its subsidiaries, either
directly or indirectly, any trade secrets or confidential information, knowledge or data regarding
the Company or any of its subsidiaries or Affiliates or any of their respective officers, directors
or employees including, without limitation, the existence and terms of this Agreement, other than
such information, knowledge or data which has been released by the Company or such subsidiaries,
Affiliates or others to the public (except that with respect to the terms of this Agreement
Employee may communicate such terms to Employee’s spouse and Employee’s attorneys and financial
advisors). Notwithstanding the foregoing, Employee may disclose such trade secrets or confidential
information, knowledge, data or terms when required to do so by a court or government agency or
legislative body of competent jurisdiction, provided

24

 

Employee first notifies the Company orally and in writing as promptly as possible of such
requirement so that the Company may either seek an appropriate protective order or waive compliance
with the provisions of this Section, and provided further that if, in the absence
of such protective order or waiver, Employee is nevertheless, in the written opinion of his or her
counsel, reasonably acceptable to the Company, addressed to and delivered to the Company, otherwise
required to disclose such information to any such court, government agency or legislative body or
else stand liable for contempt or suffer other material penalty, Employee may disclose such
information in such case without liability hereunder so long as such disclosure does not exceed
that required by such court, government agency or legislative body.

     Employee hereby grants and assigns to the Company all rights (including, without limitation,
any copyright or patent) in the results and proceeds of all services provided by Employee hereunder
and all such services shall be subject in all respects to the supervision, control and direction of
the Company. Any work in connection with such services shall be considered “work made for hire”
under the Copyright Law of 1976 or any successor thereof, and the Company shall be the owner of
such work as if the Company were the author of such work. Employee will execute and deliver to the
Company any documents or instruments evidencing the Company’s ownership thereof as reasonably
requested by the Company. The provisions of this Section are in addition to, and not in limitation
of, any separate agreement regarding similar matters executed by the Employee.

     12. Non-Compete; Solicitation. Employee hereby expressly covenants and agrees that:

          (a) Employee will not at any time while employed by the Company and additionally for the
Extended Period, be or become an officer, director, partner or employee of or

25

 

consultant to or act in any managerial capacity with or own any equity interest in, any person
or Entity (an “Affiliated Person”) which is a “Competitive Business Entity” (as such term is
defined on Exhibit D hereto); provided, however, that ownership of less than 1% of
the outstanding equity securities of any Entity listed on any national securities exchange or
traded on the National Association of Securities Dealers Automated Quotation System shall not be
prohibited hereby.

          The “Extended Period” shall mean a period of one year following (1) the date (A) Employee’s
term of employment ceases under Section 5(c), or under the terms of any other retirement plan
maintained by the Company or its Affiliates, (B) Employee’s employment terminates under Section
5(a), 5(b) or 6(a), or (C) notice of termination is given under Section 6(b) (each of (A), (B) and
(C) being referred to herein as a “Deemed Termination”).

          (b) Employee will not at any time while employed by the Company and additionally for the
Extended Period, solicit (or assist or encourage the solicitation of) any employee of the Company
or any of its subsidiaries or Affiliates to work for Employee or for any person or Entity in which
Employee owns or expects to own more than a 1% equity interest or for which Employee serves or
expects to serve as an Affiliated Person.

          For the purposes of this Section 12(b), the phrase “solicit any employee” shall mean
Employee’s contacting, or providing information to others who may be expected to contact, any
employee of the Company or any of its subsidiaries or Affiliates regarding their employment status,
job satisfaction, interest in seeking employment with Employee or any Affiliated Person or any
related matter, but shall not include general print advertising for personnel or responding to an
unsolicited request for a personal recommendation for or evaluation of an employee of the Company
or any of its subsidiaries or Affiliates.

26

 

     13. Documents; Conduct. Employee hereby expressly covenants and agrees that:

          (a) Following any Deemed Termination (as defined in Section 12(a)) or at any time upon the
Company’s request, Employee will promptly return to the Company all property of the Company and its
subsidiaries and Affiliates in his or her possession or control (whether maintained at his or her
office, home or elsewhere), including, without limitation, all copies of all management studies,
business or strategic plans, budgets, notebooks and other printed, typed or written materials,
documents, diaries, calendars and data of or relating to the Company or its subsidiaries or
Affiliates or their respective personnel or affairs; and

          (b) Employee will not at any time denigrate, ridicule or intentionally criticize the Company
or any of its subsidiaries or Affiliates or any of their respective products, properties,
employees, officers or directors, including, without limitation, by way of news interviews, or the
expression of personal views, opinions or judgments to the news media or in any type of public
forum.

     14. Breach by Employee. Employee hereby expressly covenants and agrees that the
Company will suffer irreparable damage in the event any provisions of Sections 11, 12 and 13 are
not performed or are otherwise breached and that the Company shall be entitled as a matter of right
to an injunction or injunctions and other relief to prevent a breach or violation by Employee and
to secure its enforcement of Sections 11, 12 and 13. Resort to such equitable relief, however,
shall not constitute a waiver of any other rights or remedies which the Company may have.

     15. Representations.

          (a) Employee represents and warrants to the Company that this Agreement is legal, valid and
binding upon Employee and Employee is not a party to any agreement or

27

 

understanding which would prevent the fulfillment by Employee of the terms of this Agreement.
Employee has consulted with his or her legal, tax, financial and other advisors prior to execution
and delivery of this Agreement.

          (b) The Company represents and warrants to Employee that this Agreement is legal, valid and
binding upon the Company and the Company is not a party to any agreement or understanding which
would prevent the fulfillment by the Company of the terms of this Agreement.

     16. Notice. Any notice required or permitted to be given hereunder shall be in
writing (except where required to be given orally) and shall be sufficiently given if sent by
registered or certified mail or delivered, in person, if to Employee at the address set forth on
the last page hereof, or at such other address as Employee shall designate by written notice to the
Company, and if to the Company at 290 Harbor Drive, Stamford, Connecticut 06902-6732, attention of
the General Counsel or at such other address as the Company shall designate by written notice to
Employee.

     17. Successors and Assigns. This Agreement is personal in its nature and neither of
the parties hereto shall, without the consent of the other, assign or transfer this Agreement or
any right or obligations hereunder; provided however, that the provisions hereof
shall inure to the benefit of, and be binding upon, any successor of the Company, whether by
merger, consolidation, transfer of all or substantially all of the assets of the Company, or
otherwise.

     18. Governing Law. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of New York, irrespective of its conflicts of law rules,
except for the By-laws referred to in Section 29, which shall be governed by and construed and
enforced in accordance with the laws of the State of Delaware.

28

 

     To the extent that any applicable state or Federal law, rule or regulation confers upon
Employee any greater benefit or right than that set forth in this Agreement, such law, rule or
regulation shall control in lieu of the provisions hereof relating to such benefit or right.

     19. Mitigation. Employee shall have no obligation to mitigate damages in the event of
termination of Employee’s employment under this Agreement under Section 5(b), 6(b) or 7, and,
except as specifically provided in Section 5(b)(ii)(x), any payments received by Employee hereunder
shall not be offset or reduced in any way by any other earnings or payments which may be received
by Employee from any source. It is acknowledged and agreed that any payment which may be made by
the Company or TWI to Employee under Section 5(b), 6(b) or 7 is in the nature of severance and is
not a penalty payment.

     20. Withholding. All payments required to be paid by the Company to Employee under
this Agreement will be paid in accordance with the payroll practices of the Company or the terms of
the Benefit and Incentive Plans, as the case may be, and will be subject to withholding taxes,
social security and other payroll deductions in accordance with the Company’s policies applicable
to employees at Employee’s level and the terms of the Benefit and Incentive Plans.

     21. Complete Understanding. This Agreement supersedes any prior contracts,
understandings, discussions and agreements relating to employment between Employee, on the one
hand. and the Company and its subsidiaries and Affiliates, on the other, and constitutes the
complete understanding between the parties with respect to the subject matter hereof. No statement,
representation, warranty or covenant has been made by either party with respect thereto except as
expressly set forth herein.

29

 

     22. Modification; Waiver. This Agreement cannot be changed, modified or amended and
no provision or requirement hereof may be waived without the consent in writing of both the parties
hereto. No waiver by either party at any time of any breach by the other party of any condition or
provision of this Agreement shall be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time. Subject to Section 31, no policy,
procedure or practice of the Company or TWI whether in effect at the time of this Agreement or
thereafter shall be deemed to modify, amend or supersede any provision of this Agreement except as
contemplated or provided otherwise in this Agreement.

     23. Headings. The headings in this Agreement are for convenience of reference only
and shall not control or affect the meaning or construction of this Agreement.

     24. Use of Likeness. The Company and TWI shall have the right to use Employee’s name,
biography and likeness in connection with their respective businesses and that of their
subsidiaries and Affiliates, but not for use as a direct endorsement.

     25. Validity. The invalidity or unenforceability of any provision of this Agreement
shall not affect the validity or enforceability of any other provision of this Agreement, which
shall remain in full force and effect.

     26. Time Warner Inc. If, prior to a Change in Control, TWI shall at any time cease to
beneficially own, either directly or indirectly, more than 50% of the voting power of the
outstanding voting stock of the Company, then all references in this Agreement to TWI or a Change
in Control shall thereafter not apply and shall be deemed to be deleted from this Agreement, but
the validity and enforceability of all other provisions of this Agreement, except as otherwise
specifically provided, shall remain in full force and effect.

30

 

     27. Set-off. The Company and its subsidiaries and Affiliates shall have no right to
set-off payments owed to Employee hereunder against amounts owed or claimed to be owed by Employee
to the Company or its subsidiaries or Affiliates under this Agreement or otherwise.

     28. Legal Fees. In addition to any obligation the Company may have under Sections 10
and 29, the Company shall promptly pay, upon demand by Employee, a reasonable hourly attorney’s
fee, all court costs, reasonable hourly fees of experts, and other reasonable costs and expenses
when incurred by Employee arising after a Change in Control in connection with any actual,
threatened or contemplated litigation or legal, administrative or other proceeding relating to this
Agreement to which Employee is or expects to become a party, whether or not initiated by Employee.
Subject to any rights of Employee under Section 29, if the Company or, if the Company is not a
party to such litigation or proceeding, the party opposing Employee shall prevail on the merits in
respect of any such claim in respect of this Agreement in any such litigation or proceeding (but in
no other case), then, after all rights of appeal have been exercised or lapsed, Employee shall
promptly repay to the Company the amounts previously paid to Employee under this Section in respect
of such claim, but without interest thereon. The foregoing sentence shall not apply with respect to
any litigation or proceeding under Section 10.

     29. Indemnification. The Company shall indemnify Employee to no lesser extent than
provided in the Company’s By-laws (the provisions of which are hereby incorporated by reference
herein) in effect on the date of the original Agreement or the date of this Agreement (whichever is
the greater extent of indemnification) notwithstanding any changes or amendments to such By-laws
adversely affecting, limiting or reducing such indemnification.

31

 

     30. Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall be deemed to be an original but all of which together shall constitute one and the same
instrument.

     31. Changes. The Company and its subsidiaries and Affiliates are entitled to amend,
modify, terminate or otherwise change at any time or from time to time any and all Benefit Plans,
Incentive Plans and policies, practices or procedures referred to in this Agreement, and all
references herein to such Benefit Plans, Incentive Plans and policies, practices and procedures
shall be to such as from time to time in effect except as otherwise specifically herein provided.

     32. Resolution of Disputes. Except as provided for in Section 14 above, the Company
and the Employee agree that any claim, dispute, controversy or the like (collectively, the
“Dispute”) arising out of or relating to this Agreement (including the Exhibits annexed hereto),
including, without limitation, its validity or a breach thereof, shall be resolved by binding
arbitration in accordance with the rules of the Commercial Tribunal of the American Arbitration
Association (“AAA”). The Company and the Employee further agree that any Dispute relating to,
arising in the context of, or being asserted for the first time after, termination of the term of
employment including but not limited to any alleged violation of any local, state or federal
anti-discrimination statute or ordinance, or any Dispute that Employee was subjected to
discriminatory harassment in violation of any local, state or federal anti-discrimination statute,
shall also be resolved by binding arbitration in accordance with the rules of the AAA. The Company
and the Employee expressly waive their rights. if any, to a trial of any such Disputes by a jury.

     The Company and the Employee agree that (a) any Dispute shall be arbitrated by three neutral
arbitrators who shall issue a written opinion and award, (b) the award may be vacated in

32

 

the event of bias. corruption, fraud or where an arbitrator exceeds his/her powers, and (c)
judgment upon the award may be entered in any court having jurisdiction thereof.

     The Employee may choose to have the arbitration hearing take place in either Stamford,
Connecticut, or New York City, New York. The Company agrees that if the Employee is the prevailing
party in such arbitration, the Company shall pay the arbitrators’ fees and related AAA
administrative costs.

     IN WITNESS WHEREOF, Employee and the Company have caused this Agreement to be executed as of
the date first above written

	 	 	 	 	 	 	 
	 	 	TIME WARNER ENTERTAINMENT COMPANY, L.P.,

through its Time Warner Cable Division
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Marc J. Apfelbaum
 

     Marc J. Apfelbaum
	 	 
	 	 	 	 	     Senior Vice President, General Counsel & Secretary

	 	 	 
	Agreed to and accepted as of

the date first above written
	 	 
	 
	 	 
	/s/ Carl U.J. Rossetti
 

Carl U.J. Rossetti

	 	 
	Executive Vice President
	 	 
	 
	 	 
	Annual Salary:    $306,800.00
	 	 
	 
	 	 
	Target Annual Bonus Percentage:     75%

	 	 
	 
	 	 
	Address for Notices:
	 	 
	309 Sturges Ridge Rd.
	 	 
	Wilton, CT 06897
	 	 

33

 

Exhibit A

(Date)

Dear (Employee)

In accordance with the provisions of Section 1 of the Amended and Restated Employment and
Termination Agreement (the “Agreement”) dated as of January 1, 2000, between you and Time Warner
Cable (the “Company”), notice is hereby given to you of the Company’s determination to extend the
term of the Agreement for an additional year.

Please indicate your acceptance of the foregoing extension of the Agreement by signing the enclosed
copy of this letter and returning it to the Company by December 20th. Pursuant to Section 1 of the
Agreement, failure to do so will be deemed an election by you to terminate your employment without
cause pursuant to Section 5(a) of the Agreement.

Very truly yours,

TIME WARNER CABLE, A Division of

TIME WARNER ENTERTAINMENT COMPANY, L.P.

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Accepted:
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	Signature
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	Date
	 	 	 	 

1

 

Exhibit B

Time Warner Cable

290 Harbor Drive

Stamford, Connecticut 06902-2266

Attention: General Counsel

Dear [Marc]:

Pursuant to Section 5(c) of my Employment Agreement, this is to advise you of my election of the
Retirement Option provided therein, effective as of the date of this letter.

Pursuant to Section 5(c)(i), I suggest a Transition Period of                      months, ending on
                                        .

Sincerely yours,

[Employee]

2

 

Exhibit C

CONFIDENTIAL

SEPARATION AGREEMENT AND RELEASE

     This Separation Agreement and Release (this “Agreement”), effective as of the date set forth
in Paragraph 30 below, is made and entered into by and between Time Warner Cable (the “Company”), a
division of Time Warner Entertainment Company, L.P., and                                          (the
“Employee”). The Company and Employee are from time to time referred to herein as the “parties.” By
this Agreement, the parties intend to, and do hereby settle any and all differences, disputes,
grievances, claims, charges and complaints, whether known or unknown, accrued or unaccrued, actual
or alleged that Employee either has or arguably may have against the Company, its affiliates
including, but not limited to, Time Warner Inc., and each of their respective subsidiaries or
predecessors or successors thereto (hereinafter respectively “Affiliates” and “Subsidiaries”) or
that the Company, its Affiliates or Subsidiaries either have or arguably may have against Employee,
as discussed herein.

     In consideration of the mutual covenants, conditions and obligations set forth herein, the
parties agree as follows:

     [1. Pursuant to Section 6(b)(ii)(A) of the Amended and Restated Employment and Termination
Agreement, dated as of June 1, 2000, between the Company and Employee (“the Employment Agreement”),
Employee shall receive a one-time lump sum payment equal to $          .].

     [1. Pursuant to Section 6(b)(ii)(B) of the Amended and Restated Employment and Termination
Agreement, dated as of June 1, 2000, between the Company and Employee (the “Employment Agreement”),
Employee shall be place on a leave of absence (the “Leave”) as an

3

 

inactive employee of the Company for 36 months following the date of termination of the term
of employment, whether or not he/she becomes disabled as provided for in Section 7(b) of the
Employment Agreement. During the Leave, Employee shall receive his/her regular annual earnings of
$           less statutory deductions and other voluntary deductions (i.e., group insurance) paid
biweekly through                     . Employee shall also receive an Annual Incentive Plan bonus (AIP)
payment of $           each year, less statutory deductions, for three years, payable in [month] of
          ,            and . [The Employee shall also receive a prorated payment of $          
to be paid in February of           .] If the Employee accepts full-time employment with any other
person or Entity during such Leave or notifies the Company in writing of his/her intention to
terminate his/her status as an inactive employee on Leave, then the Employee will be terminated
from payroll and will receive, subject to the terms thereof, all benefits due to Employee under the
provision of any Benefit Plan and Incentive Plan and a lump sum payment in an amount representing
the balance of the annual salary and bonuses payable during the three-year period pursuant to
Section 6(b)(ii)(B) of the Employment Agreement. (Notwithstanding the preceding sentence, if the
Employee accepts full-time employment with any subsidiary or Affiliate of the Company (for this
purpose only, as “Affiliate” is defined in the Employment Agreement), then the periodic annual
salary and bonus payments provided for in Section 6(b)(ii)(B) of the Employment Agreement shall
cease, and the Employee shall not be entitled to any such lump sum payment.) If the Employee leaves
payroll within one year after separation from the Company, any lump-sum payment will be paid in two
installments. At the time the Employee leaves payroll, 75% will be paid; the remaining 25% will be
paid on the first anniversary date of the notice of termination. By signing this agreement

4

 

Employee acknowledges his obligation to inform the Company of the date the new position will
commence immediately after accepting other employment.

     2. The parties agree that Employee’s Time Warner stock options granted under the Time Warner
Stock Option Plan (the “Option Plan”) will continue to vest during the period the Employee remains
on payroll.

     3. The parties agree that the Employee’s rights under the Time Warner Cable Long Term Cash
Plan shall be determined by the provisions of the Plan as in effect on the date of this Agreement.
If active employees receive payments for any cycles of this Plan for which the Employee received a
grant. the Employee will be eligible to receive a payment at the end of each cycle. Any such
payments will be prorated based on the date the Employee terminates from payroll. The Employee
received grants under the ___, ___, and ___Long Term Cash Plans.

     4. The parties agree that the Employee’s pension rights and rights in the Time Warner Cable
Savings Plan shall be determined by the provisions of the Time Warner Cable Pension Plan and
Savings Plan, respectively, as in effect on the date of this Agreement (collectively, the “Pension
and Savings Plans”). Further, the parties agree that full distribution of the Employee account
balances held in the Time Warner Cable Savings Plan may occur following termination of the Employee
from payroll, upon Employee’s request.

     5. The parties agree that the Employee will be provided with coverage under the Company’s
group insurance plans at the employee contribution rate as long as the Employee remains on payroll.
The Employee will be subject to any increases in employee contributions and any changes in the
group insurance benefit package which occur during the salary continuation period. Following
termination of group insurance benefits, the Employee may continue medical,

5

 

dental, and vision coverage for up to eighteen (18) months by following the applicable COBRA
procedures and paying the full monthly premium.

     6. The parties agree that the Employee will be provided with the life insurance benefits and,
if elected, premium reimbursements as specified under his/her Employment Agreement as long as the
Employee remains on payroll.

     7. Based on the Company’s payroll records as of                      and the termination date of
                    , Employee’s unused vacation balance is            hours. Assuming payroll records are
current, this would result in a vacation payout of           . The parties agree the vacation balance
will be verified prior to payout.

     8. Under the Employment Agreement, the Employee is entitled to reasonable office space and
facilities as designated by the Company, together with reasonable secretarial services, at no cost
to the Employee for the one year period following the date of termination of active employment
(insert date).

     9. The parties agree that the Employee will be eligible for reimbursement of financial
counseling expenses during the period he remains on payroll, provided active employees at his level
receive these benefits. Financial counseling expense reimbursement will be limited to the amounts
available to active employees at the Employee’s level.

     10. Employee does hereby release and forever discharge the Company and its Affiliates and
Subsidiaries and each of their respective officers, shareholders, subsidiaries, agents, successors.
predecessors. assigns, and employees and their respective agents, heirs, executors, administrators,
estates, beneficiaries and representatives, of and from any and all actions, causes of action,
claims, or demands for general, special or punitive damages, attorneys’ fees, expenses, or other
compensation, that in any way relate to or arise out of Employee’s

6

 

employment with the Company and/or its Affiliates and Subsidiaries or the termination of such
employment which Employee may now or hereafter have, under any federal, state or local law,
regulation or order (including without limitation, under the Age Discrimination in Employment Act,
29 U.S.C. § 621 et seq., as amended, through and including the date of this Agreement), or
otherwise. This release shall not apply to any act of fraud or criminal conduct by the Company, its
Affiliates or Subsidiaries, of which Employee is not aware as of the date of this Agreement, nor to
any act of non-compliance with terms of this Agreement by the Company.

     11. The Company. its Affiliates and Subsidiaries, do hereby release and forever discharge
Employee, his/her agents, heirs, executors, administrators, estate, beneficiaries and
representatives, of and from any and all actions, causes of action, claims or demands for general,
special, and punitive damages, attorneys’ fees, expenses, and other compensation, that in any way
relate to or arise out of the Company’s employment of Employee or the termination of such
employment which the Company, its Affiliates or Subsidiaries may now or hereafter have, under any
federal, state, or local law, regulation, or order, as amended, or otherwise, through and including
the date of this Agreement. This release shall not apply to any act of fraud or criminal conduct by
Employee of which the Company, its Affiliates or Subsidiaries are not aware as of the date of this
Agreement, nor to any act of non-compliance with terms of this Agreement by Employee.

     12. Employee agrees that this Agreement shall terminate upon his/her death, and thereupon the
Company shall not have any obligations hereunder, except that Employee’s estate or beneficiaries
shall be entitled to all unpaid compensation payable to Employee hereunder and to all other
benefits which may be due to Employee and Employee’s estate or

7

 

beneficiaries at the time under the general provisions of any employee benefit plan of the
Company in which Employee is then a participant.

     13. Employee hereby expressly covenants and agrees that Employee will not at any time exploit,
use, sell, publish, disclose, communicate or divulge to any person or Entity, other than the
Company and its Subsidiaries or Affiliates, either directly or indirectly, any trade secrets or
confidential information, knowledge or data regarding the Company or any of its Subsidiaries or
Affiliates or any of their respective officers, directors or employees including, without
limitation. the existence and terms of this Agreement. other than such information, knowledge or
data which has been released by the Company or such Subsidiaries, Affiliates or others to the
public (except as permitted in Paragraph 20 below and Section 11 of the Employment Agreement).

     14. Employee hereby grants and assigns to the Company all rights (including, without
limitation, any copyright or patent) in the results and proceeds of all services provided by
Employee. Any work in connection with such services shall be considered “work made for hire” under
the Copyright law of 1976 or any successor thereto, and the Company shall be the owner of such work
as if the Company were the author of such work. Employee will execute and deliver to the Company
any documents or instruments evidencing the Company’s ownership thereof as reasonably requested by
the Company. The provisions of this Paragraph are in addition to, and not in limitation of, any
separate agreement regarding similar matters executed by the Employee.

     15. Employee hereby expressly covenants and agrees that:

          (a) Employee shall not for a period of one year following ___, be or become an officer,
director, partner or employee of or consultant to or act in any

8

 

managerial capacity with or own any equity interest in, any Entity (an “Affiliated Person”)
which is a “Competitive Business Entity” (as such term is defined on Exhibit A hereto),
provided, however, that ownership of less than one percent of the outstanding
equity securities of any Entity listed on any national securities exchange or traded on the
National Association of Securities Dealers Automated Quotation System shall not be prohibited
hereby.

          (b) Employee will not at any time for a period of one year following solicit (or assist or
encourage the solicitation of) any employee of the Company or any of its Subsidiaries or Affiliates
to work for Employee or for any person or Entity in which Employee owns or expects to own more than
a one percent equity interest or for which Employee serves or expects to serve as an Affiliated
Person.

     For the purpose of this Paragraph 15(b), the term “solicit any employee” shall mean Employee’s
contacting, or providing information to others who may be expected to contact, any employee of the
Company or any of its Subsidiaries or Affiliates regarding their employment status, job
satisfaction, interest in seeking employment with Employee or any Affiliated Person or any related
matter, but shall not include general print advertising for personnel or responding to an
unsolicited request for a personal recommendation for or an evaluation of an employee of the
Company or any of its Subsidiaries or Affiliates.

     16. Documents; Conduct. (a) Employee certifies that he has returned to the Company
all property of the Company and its Subsidiaries and Affiliates in his possession or control
(whether maintained at his office, home or elsewhere), including, without limitation, all copies of
all management studies, business or strategic plans, budgets, notebooks and other printed, typed or
written materials, documents, diaries, calendars and data of or relating to the Company or its
Subsidiaries or Affiliates or their respective personnel or affairs.

9

 

          (b) Employee expressly covenants and agrees that Employee will not at any time denigrate,
ridicule or intentionally criticize the Company or any of its Subsidiaries or Affiliates or any of
their respective products. properties, employees, officers or directors, including, without
limitation, by way of news interviews, or the expression of personal views, opinions or judgments
to the news media or in any type of public forum.

     17. Employee agrees that, if called upon to do so by the Company, he/she shall truthfully
testify in Court or before an administrative agency concerning matters or disputes which arose or
were pending during his/her tenure with the Company. Employee further agrees to make
himself/herself available, upon reasonable notice and at reasonable times, to be interviewed and to
cooperate, at the request of the Company, or its counsel, in connection with any litigation,
proceeding, inquiry or investigation to which the Company is or may become involved. The Company
agrees that if it should call upon Employee to so testify or to be interviewed or cooperate, the
Company shall reimburse Employee for expenses reasonably and necessarily incurred by Employee for
testifying, being interviewed or cooperating, excluding costs and fees of any attorney whom
Employee may wish to retain to represent him/her. Further, in the event Employee is called upon to
testify, be interviewed or cooperate, the Company shall make available to Employee all books.
documents and other discoverable items necessary for him/her to give complete and truthful
testimony.

     18. Employee agrees that he/she will not voluntarily assist or encourage other persons to file
complaints or claims of any kind against the Company. To that end, Employee agrees not to commence,
prosecute or participate in (except as required by law) any action or proceeding of any kind
against the Company and agrees not to assist, encourage, or provide

10

 

support for, directly or indirectly, to any other person in connection with any action or
proceeding of any kind against the Company, except as required by law.

     19. Employee agrees that he/she will not make any disclosure of any of the facts or
circumstances giving rise to any allegations he/she has made regarding the Company or any of its
employees, regarding any policies or practices of the Company, regarding his/her disagreements with
any employees of the Company. or regarding any matters that came to his/her attention during the
course of his/her employment by the Company. Employee also agrees that he/she will not solicit or
initiate any demand or request by others for any such disclosure of any such information.

     20. Employee agrees that he/she will not disclose the financial terms of this Agreement to any
person. firm, corporation or other entity, except that Employee may disclose the financial terms to
federal or state tax authorities, his/her attorneys, accountants, or family and, subject to the
condition precedent that he deliver to the Company upon request a confidentiality agreement in
customary form, if he/she is applying for credit, to the lenders involved. Notwithstanding the
foregoing, if Employee shall be requested or required in a judicial, administrative or governmental
proceeding to disclose the financial terms of this Agreement (whether by way of oral questions,
interrogatories, requests for information or documents, subpoenas or similar process), Employee
will notify the Company (attention of General Counsel) as promptly as possible of such request or
requirement so that the Company may either seek an appropriate protective order or waive Employee’s
compliance with the provisions of this paragraph. If, in the absence of such protective order or
waiver, Employee is nevertheless, in the written opinion of Employee’s counsel, otherwise required
to disclose the financial terms of this Agreement to any court, government agency or tribunal or
else stand liable for contempt or

11

 

suffer other censure or penalty, Employee may disclose such financial terms to such court,
governmental agency or tribunal without liability hereunder.

     21. It is expressly understood and agreed that the payment(s) by the Company of the amounts
set forth herein is being given to Employee in return for Employee’s agreements and covenants
contained in this Agreement. Neither payment by the Company of the amounts set forth herein nor any
term or condition contained in this Agreement shall be construed by either party at any time as an
admission of liability or wrongdoing in any manner whatsoever.

     22. Employee agrees and acknowledges that in executing and delivering this Agreement. (a)
he/she has done so freely and voluntarily; (b) that he/she was advised in this writing to consult
with an attorney of his/her choice; (c) that he/she has had a reasonable opportunity to confer with
legal counsel of his/her own choosing; (d) that he/she executed this Agreement with knowledge of
all the material facts, and not as a result of any duress, concealment, fraud, or undue influence;
(e) that he/she was advised that he/she would have at least [twenty-one or forty-five] days to
consider this Agreement; (f) that it would become fully enforceable unless he/she revoked it in
writing directed to the General Counsel of the Company within seven days of executing it; and (g)
he/she will not receive any of the consideration provided for under this Agreement if he/she does
not execute it or if he/she revokes it within the revocation period.

     23. In the event that any provision of this Agreement is found or deemed to be illegal or
otherwise invalid and unenforceable, whether in whole or in part, such invalidity shall not affect
the enforceability of the remaining terms hereunder.

     24. This Agreement contains the entire understanding of the parties with respect to the
subject matter hereof and supersedes all prior and contemporaneous

12

 

understandings between the parties hereto with regard to such subject matter (provided that
provisions of the Employment Agreement that survive termination and which are not in conflict with
the terms hereof shall continue to survive and be in effect regardless of this Agreement). This
Agreement shall be governed by and construed and enforced in accordance with the laws of the State
of New York applicable to contracts made and to be performed therein. The terms of the Agreement
may not be modified, except in writing and signed by the party against whom the enforcement of any
such modification may be sought.

     25. The parties understand and agree that this Agreement is solely for the purposes set forth
herein, and does not constitute, and is not intended to constitute, a general policy of the Company
in dealing with employee separations.

     26. All notices, consents, requests, instructions and other communications provided for herein
shall be validly given, made or served if in writing and delivered personally or sent by registered
or certified mail, postage prepaid to:

	 	 	 
	Employee at:

	 	                                        
	 
	 	 
	 

	 	                                        
	 
	 	 
	 

	 	                                        
	 
	 	 
	Company at:

	 	Time Warner Cable
	 

	 	Attention: General Counsel
	 

	 	290 Harbor Drive
	 

	 	Stamford, Connecticut 06902
	 
	 	 
	 

	 	Attention: Beth Wann
	 

	 	160 Inverness Drive West
	 

	 	Englewood, Colorado 80112

     27. Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall be deemed to be an original but all of which together shall constitute one and the same
instrument.

13

 

     28. Breach by Employee. Employee hereby expressly covenants and agrees that the
Company will suffer irreparable damage in the event any provisions of Paragraphs 13, 14 or 15 are
not performed or are otherwise breached and that the Company shall be entitled as a matter of right
to an injunction or injunctions and other relief to prevent a breach or violation by Employee and
to secure its enforcement of Paragraphs 13, 14 and/or 15. Resort to such equitable relief, however.
shall not constitute a waiver of any other rights or remedies which the Company may have.

     29. Resolution of Disputes. Except as provided for in Paragraph 28 above, the Company
and the Employee agree that any claim, dispute, controversy or the like (collectively, the
“Dispute”) arising out of or relating to this Agreement (including the Exhibit annexed hereto),
including, without limitation, its validity or a breach thereof, shall be resolved by binding
arbitration in accordance with the rules of the Commercial Tribunal of the American Arbitration
Association (“AAA”). The Company and Employee expressly waive their rights, if any, to a trial of
any such Disputes by a jury. The Company and Employee agree that (a) any Dispute shall be
arbitrated by three neutral arbitrators who shall issue a written opinion and award, (b) the award
may be vacated in the event of bias, corruption, fraud or where an arbitrator exceeds his/her
powers, and (c) judgment upon the award may be entered in any court having jurisdiction thereof.
Employee may choose to have the arbitration hearing take place in either Stamford, Connecticut. or
New York City, New York. The Company agrees that if the Employee is the prevailing party in such
arbitration, the Company shall pay the arbitrators’ fees and related AAA administrative costs.

     30. Unless earlier revoked, this Agreement shall be effective on the eighth day following its
execution by the Employee.

14

 

     31. Capitalized terms used but not defined herein are used as defined in the Employment
Agreement.

15

 

     IN WITNESS HEREOF, the parties hereto have executed this Agreement, effective as of the date
first above written.

	 	 	 	 	 
	 	 	TIME WARNER CABLE, a division of

TIME WARNER ENTERTAINMENT COMPANY, L.P.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	EMPLOYEE
	 
	 	 	 	 
	 	 	 

	 	 	 	 	 	 	 
	EMPLOYEE NOTARY
	 	 	 	 	 	 
	 
	STATE OF

	 	 	)

)	 	 	ss.:
	COUNTY OF

	 	 	)	 	 	 

     On this            day of                                , before me personally came                    
                     ,
to me known and known to me to be the person described herein and who executed the foregoing
Separation Agreement and General Release, and he/she duly acknowledged to me that he/she executed
the same.

	 	 	 
	 

	 	 
	 

	 	Notary Public
	 
	 	 
	 

	 	My Commission Expires:                                         

16

 

Exhibit D

“Competitive Business Entity” shall mean (A) any Entity which is engaged in the United States,
either directly or indirectly. in the ownership, operation or management of (i) any cable
television system, open video system, direct broadcast system (DBS), SMATV system, pay-per-view
system, multi-point distribution system (MDS or MMDS) or other multichannel television programming
system (collectively “Systems”) in the United States; or (ii) any business of providing any local
residential telecommunications, or any internet access or any other transport or network services
for Internet Protocol based information; and (B) any federal, state or local authority empowered to
grant, renew, modify or amend, or review the grant, renewal, modification or amendment of, or the
regulation of, franchises to operate any System. Provided, however, that
“Competitive Business Entity” shall not mean any cable television system operator which, at all
times during the relevant period, has less than 500,000 subscribers and does not serve any area
which is also served by a cable television system owned, operated or managed by the Company or its
Affiliates.

All capitalized terms used herein shall have the meanings provided in the Amended and Restated
Employment and Termination Agreement to which this Exhibit D is attached.

17EX-10.41 EMPLOYMENT AGREEMENT/ MICHAEL LAJOIE

 

Exhibit 10.41

TIME WARNER CABLE LETTERHEAD

December 19, 2005

Mike LaJoie

Executive Vice President, Chief Technology Officer

Time Warner Cable

290 Harbor Drive

Stamford, CT 06902

Dear Mike:

In accordance with Section 4.10 of the Employment Agreement (the “Agreement”) dated as of June 1,
2000 between you and Time Warner Entertainment Company, LP., a subsidiary of Time Warner Cable
Inc., which Agreement expires on December 31, 2005, the Company hereby offers to extend the
Agreement with the same terms and conditions (except as amended below) until December 31, 2008.

Section 2.1 of the Agreement is hereby amended to provide that you shall serve as Executive Vice
President & Chief Technology Officer and that you shall report to the Chief Executive Officer of
the Company. Section 3.1 of the Agreement is hereby amended to provide that your Base Salary, as
defined in the Agreement, will be an amount not less than $420,600.00. Section 3.2 of the Agreement
is hereby amended to provide that your Target Bonus, as defined in the Agreement shall be 80%,
subject to the Company’s discretion as described in the Agreement. No other provisions of Sections
2.1, 3.1, 3.2 or any other provisions of the Agreement are hereby amended.

Please indicate your acceptance of the foregoing extension of’ the Agreement by signing this letter
and returning it to the Company by December 31, 2005. Failure to do so will be deemed an election
by you to terminate your employment without cause pursuant to Section 4.3 of the Agreement.

Very truly yours,

TIME WARNER ENTERTAINMENT COMPANY, L.P.,

a subsidiary of TIME WARNER CABLE INC.

	 	 	 	 	 
	By: 

	/s/ Marc Lawrence-Apfelbaum	 	 
	 

	 

Marc Lawrence-Apfelbaum
	 	 
	 

	Executive Vice President, General Counsel and Secretary	 	 

 

 

	 	 	 
	Accepted:
	 	 
	 
	 	 
	/s/ Mike LaJoie
	 	 
	 

	 	 
	12/22/2005
	 	 
	 

Date

	 	 
	 
	 	 
	Title: Executive Vice President, Chief Technology Officer

 

 

EMPLOYMENT AGREEMENT

          AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) made as of June 1, 2000, between
Time Warner Cable, a division of Time Warner Entertainment Company, L.P., a Delaware limited
partnership (the “Company”), and Michael Lajoie (the “Executive”).

          Pursuant to the Employment Agreement dated as of November 1, 1998 between the Company and the
Executive (the “Original Agreement”), the Company had secured the services of the Executive on a
full-time basis for the period to and including April 30, 2001, on and subject to the terms and
conditions set forth in the Original Agreement.

          The Company and the Executive now wish to amend and restate the Original Agreement, and to
continue Executive’s term of employment, on the terms and conditions provided herein.

          The parties therefore agree as follows:

          1. Term of Employment. The Executive’s term of employment, as this phrase is used
throughout this Agreement, shall be for the period beginning January 1, 2000, and ending on
December 31, 2002, subject, however, to earlier termination as expressly provided herein.

          2. Employment.

               2.1. The Company shall, during the term of employment, employ the Executive, and the Executive
shall serve, as Vice President, Corporate Development. During the term of employment, the Executive
shall have such functions, duties, powers and responsibilities as the Company may from time to time
delegate to the Executive, and shall perform such functions, duties, powers and responsibilities at
such locations as the Company shall determine,

 

 

it being understood that the Company will pay or reimburse reasonable moving expenses if it
decides to transfer the Executive to another location. The Executive agrees, subject to his/her
election as such and without additional compensation, to serve during the term of employment in
such particular additional offices of comparable stature and responsibility in the Company and its
affiliated companies as the Company may require and to serve as a director and as a member of any
committee of the Board of Directors of the Company and its affiliated companies to which he/she may
be elected from time to time. During the term of employment, (i) the Executive’s services shall be
rendered on a substantially full-time, exclusive basis, (ii) he/she will apply on a full-time basis
all of his/her skill and experience to the performance of his/her duties in such employment, and
shall report to the Senior Vice President Corporate Development of the Company, or to such other
corporate officer(s) more senior than the Executive as the Senior Vice President Corporate
Development shall determine, and (iii) he/she shall have no other employment and, without the prior
written consent of the Senior Vice President Corporate Development of the Company, no outside
business activities which require the devotion of substantial amounts of the Executive’s time.

               2.2. In addition to Executive’s obligations under Section 8.1.4, in performing his or her
duties hereunder, Executive shall comply with the Company’s and Time Warner Inc.’s (“TWI”) written
policies on conflicts of interest, service as a director of another company, and other policies and
procedures of the Company and TWI, including as described in TWI’s Statement of Corporate Policy
and Compliance Program Manual, as may be amended or revised from time to time, copies of which, as
currently in effect, Executive acknowledges having received.

2

 

               2.3. Following the term of employment, regardless of whether Executive is considered an
employee of the Company, Executive shall not provide any services to or take any actions on behalf
of the Company.

          3. Compensation.

               3.1. Base Salary. The Company shall pay or cause to be paid to the Executive, during
the term of employment, a base salary at the rate of not less than $202,800.00 per annum (the “Base
Salary”). The Company may increase, but not decrease, the Base Salary at any time and from time to
time during the term of employment.

               3.2. Bonus. In addition to Base Salary, the Executive shall be entitled to receive an
annual cash bonus based on the performance of the Company and of the Executive. The Executive’s
target bonus (the “Target Bonus”) shall be 40% of the Executive’s Base Salary, but the Executive
acknowledges that his/her actual bonus (the “Annual Bonus”) will vary depending upon the
performance of the Company and the Executive. The Company may increase, but not decrease, the
Target Bonus at any time and from time to time during the term of employment. The Company’s
determination of the amount, if any, of Annual Bonuses to be paid to the Executive under this
Agreement shall be final and conclusive. Payments of any bonus compensation under this Section 3.2
shall be made in accordance with the then current practices and policies of the Company.

               3.3. Reimbursement. The Company shall pay or reimburse the Executive for all
reasonable expenses actually incurred or paid by the Executive during the term of employment in the
performance of his/her services hereunder upon presentation of expense statements or vouchers or
such other supporting information as the Company may customarily require of its executives at
Executive’s level (as defined in Section 3.6).

3

 

               3.4. No Anticipatory Assignments. Except as specifically contemplated hereunder,
neither the Executive nor any legal representative or beneficiary designated by him/her shall have
any right, without the prior written consent of the Company, to assign, transfer, pledge,
hypothecate, anticipate or commute any payment due in the future to such person pursuant to any
provision of this Agreement, and any attempt to do so shall be void and will not be recognized by
the Company.

               3.5. Indemnification. To the extent not prohibited by applicable law at the time of
the assertion of any liability against the Executive, the Company shall indemnify the Executive to
no lesser extent than provided in the By-Laws of Time Warner Inc. and the Partnership Agreement of
Time Warner Entertainment Company, L.P. (whichever is the greater extent of indemnification) as in
effect on the date hereof or the date of any predecessor employment agreement between the Company
and Executive (whichever is the greater extent of indemnification) (the provisions of which are
hereby incorporated by reference herein); and Executive will be entitled the benefits of any
amendments or additions to such indemnification provisions that add to or broaden the protection
afforded to the Executive by those provisions.

               3.6. Executive Group. References in this Agreement to employee at Executive’s level
shall mean members of the Executive Group (defined as individuals with an assigned executive
compensation level with eligibility for the Long Term Cash Plan and Tier I Level Stock Options or
such other substitute plans as the Company may designate from time to time).

          4. Termination. The Company shall have the right to terminate the term of employment
for cause or without cause; provided, however, that if such termination is without cause, Executive
will be entitled to make an election as provided in Section 4.2 hereunder.

4

 

Executive shall have the right to terminate the term of employment (a) because of a material
breach of this Agreement by the Company and upon such termination to make an election as provided
for in Section 4.4 hereunder; (b) on 90 days notice as provided in Section 4.3 hereunder; and (c)
pursuant to Executive’s exercise of the Retirement Option, pursuant to Section 4.11 hereunder.

               4.1. Termination by Company for Cause. The Company may terminate for cause the term
of employment and all of the Company’s obligations hereunder, other than its obligations set forth
below in Section 4.1.1. Termination by the Company for cause shall mean termination by the Company
because of (a) the Executive’s conviction (treating a nolo contendere plea as a conviction) of a
felony (whether or not any right to appeal has been or may be exercised); or (b) the Executive’s
willful refusal without proper cause to perform his/her obligations under this Agreement; or (c)
the Executive’s material breach of any of the covenants provided for in Sections 2.2 or 8; or (d)
the Executive’s engaging in willful misconduct that results in a substantial financial loss to, or
has a substantial adverse effect on the reputation of, the Company. Such termination shall be
effected by written notice thereof delivered by the Company to the Executive and shall be effective
as of the date of such notice; provided, however, that if (i) such termination is because of the
Executive’s willful refusal without proper cause to perform any one or more of his/her obligations
under this Agreement, (ii) such notice is the first such notice of termination for any reason
delivered by the Company to the Executive hereunder, and (iii) within five days following the date
of such notice, the Executive shall cease his/her refusal and shall use his/her best efforts to
perform such obligations, the termination shall be deemed null and void.

5

 

                    4.1.1. In the event of termination of the term of employment by the Company for cause in
accordance with the foregoing procedures, without prejudice to any other rights or remedies that
the Company may have at law or equity, the Company shall have no further obligations to the
Executive other than (i) to pay the Base Salary accrued through the effective date of such
termination; (ii) to pay any Annual Bonus pursuant to Section 3.2 to the Executive in respect of
any year prior to the year in which such termination of employment is effective which has not yet
been paid as of such termination; and (iii) with respect to any rights the Executive has under
Section 7 through the effective date of termination (except as may be otherwise specifically
provided in any such plan or program as of the date of termination) or pursuant to any insurance or
other benefit plans or arrangements of the Company maintained for the benefit of its Executive
Group. Executive hereby disclaims any right to receive a pro rata portion of his or her Annual
Bonus with respect to the year in which such termination occurs.

               4.2. Termination by Company Without Cause. Provided that notice and termination has
not previously been given under any other Section hereof, the Company shall have the right to
terminate the term of employment without cause at any time. Such termination shall be effected by
written notice thereof delivered by the Company to the Executive and shall be effective as of the
date of such notice. If the Company elects to terminate the term of employment without cause, the
Executive shall be entitled to elect, by written notice delivered within thirty days of the
Company’s notice of termination of the term of employment, to receive, at the Executive’s option,
either (i) a lump sum payment equivalent to thirty months’ Base Salary and Annual Bonus, as
provided for in Section 4.2.1 hereunder or (ii) periodic payments equivalent to thirty months’ Base
Salary and Annual Bonus, as provided for in Sections 4.2.2 hereunder. The Executive shall also be
entitled to receive executive level

6

 

outplacement services (including reasonable office space as designated by the Company) for a
period of one year after the date of notice of such termination.

                    4.2.1. Lump Sum. In the event the Executive shall elect, pursuant to Section 4.2, to
receive a lump sum payment, he/she shall receive a one-time payment equivalent to thirty months’
Base Salary (as such Base Salary is in effect immediately prior to the notice of the termination)
and Annual Bonus, with the Annual Bonus due the Executive in respect thereof being equal to the
greater of (a) the Executive’s then applicable Target Bonus amount multiplied by 2.5, or (b) the
average of the regular Annual Bonus amounts (excluding the amount of any special or spot bonuses)
received by the Executive from the Company for the two years immediately preceding the year of
termination of the term of employment, multiplied by 2.5; provided, however, that if such
termination occurs prior to the payment of two Annual Bonuses to the Executive by the Company, then
the calculation of the Annual Bonus payable under clause (b) of this Section 4.2.1 shall be
Executive’s Target Bonus (if no bonuses paid), or the average of the Executive’s Target Bonus
amount and the Annual Bonus paid (if only one Annual Bonus has been paid).

                    4.2.2. Periodic Payments. In the event the Executive shall elect, pursuant to Section
4.2, to receive periodic payments, he/she shall be placed on a leave of absence (the “Leave”) as an
inactive employee of the Company for thirty months following the date of termination of the term of
employment, whether or not he/she becomes disabled as provided for in Section 5 hereunder. During
the Leave, the Executive shall not be required to provide any services to the Company and shall
receive (i) a Base Salary at an annual rate equal to his/her Base Salary as is in effect
immediately prior to the notice of termination, and (ii) an Annual Bonus in respect of each
calendar year or portion thereof (in which case a pro rata

7

 

portion of such Annual Bonus will be payable) during such period equal to the greater of (a)
the Executive’s then-applicable Target Bonus amount, or (b) the average of the regular Annual Bonus
amounts (excluding the amount of any special or spot bonuses) received by the Executive from the
Company for the two years immediately preceding the year of termination of the term of employment
(subject to the proviso set forth in Section 4.2.1(b)). If the Executive accepts full-time
employment with any other person or entity during the Leave or notifies the Company in writing of
his/her intention to terminate his/her status as an inactive employee on Leave, then the Executive
shall cease to receive the periodic Base Salary and Annual Bonus payments hereunder and the
Executive shall be entitled to receive, within thirty days after such commencement or effective
date of such employment or termination of status as an inactive employee on Leave, a lump sum
payment in an amount representing the balance of the Base Salary and regular Annual Bonuses as the
Executive would have been entitled to receive pursuant to this Section 4.2.2 had the Executive
remained an inactive employee on Leave. Notwithstanding the preceding sentence, if the Executive
accepts full-time employment with any Affiliate (as defined below) of the Company, then the
periodic Base Salary and Annual Bonus payments provided for in this Section 4.2.2 shall cease and
the Executive shall not be entitled to any such lump sum payment. For purposes of this Agreement,
the term “Affiliate” means any entity which, directly or indirectly, controls, is controlled by or
is under common control with, the Company.

               4.3. Termination By Executive Without Cause. Except as provided in Section 4.4 or by
reason of Executive’s retirement under the terms of Section 4.11 or of any retirement plan in which
employees of the Company are generally eligible to participate, Executive may not terminate his or
her employment under this Agreement except upon 90 days prior written notice and only if notice of
termination has not previously been given under any

8

 

other Section hereof. Upon the effectiveness of such termination. Executive’s employment with
the Company will terminate, and the Company shall have no further obligations to the Executive
other than (i) to pay the Base Salary accrued through the effective date of such termination; (ii)
to pay any Annual Bonus pursuant to Section 3.2 to the Executive in respect of any year prior to
the year in which such termination of employment is effective which has not yet been paid as of
such termination; and (iii) with respect to any rights the Executive has under Section 7 through
the effective date of termination (except as may be otherwise specifically provided in any such
plan or program as of the date of termination) or pursuant to any insurance or other benefit plans
or arrangements of the Company maintained for the benefit of its Executive Group. Executive hereby
disclaims any right to receive a pro rata portion of his or her Annual Bonus with respect to the
year in which such termination occurs.

               4.4. Termination by Executive for Material Breach by the Company. The Executive shall
have the right, exercisable by delivery of written notice to the Company, to terminate the term of
employment effective fifteen days after the giving of such notice, if, at the time of such notice,
the Company shall be in material breach of its obligations hereunder; provided that, with the
exception of a breach of clause (a) below, such notice shall be deemed null and void and the term
of employment shall not so terminate if within such fifteen-day period the Company shall have cured
all such material breaches of its obligations hereunder. The parties acknowledge and agree that a
material breach by the Company shall include, but not be limited to, (a) the Company failing to
cause the Executive to serve in the capacities set forth in Section 2; and (b) the Company
violating the provisions of Section 2 with respect to the Executive’s authority, functions, duties
or responsibilities (whether or not accompanied by a change in title). After the effective date of
such termination, the Executive shall have no further obligations or

9

 

liabilities to the Company whatsoever (except for his/her obligation under Section 4.8, if
any, and his/her obligations under Section 8 and 9, which shall survive such termination). If
Executive terminates the term of employment because of a material breach of the Agreement by the
Company, Executive shall be entitled to elect, by written notice delivered within fifteen days of
Executive’s notice of termination, to receive, at Executive’s option either (i) a lump sum payment
equivalent to thirty months’ Base Salary and Annual Bonus, or (ii) periodic payments equivalent to
thirty months’ Base Salary and Annual Bonus, in accordance with the provisions of Sections 4.2.1
and 4.2.2 hereunder, respectively.

               4.5. During the period the Executive is on Leave pursuant to Section 4.2.2 and during any
period of disability described in Section 5, the Executive shall continue to be eligible to receive
the benefits required to be provided to the Executive under Section 7 to the extent such benefits
are maintained in effect by the Company for members of its Executive Group (as defined in Section
3.6); provided, however, the Executive shall not be entitled to any additional awards or grants
under any stock option, restricted stock or other cash or stock-based long term incentive plan. At
the time the Executive leaves the payroll of the Company pursuant to the provisions of Sections 4,
4.1, 4.2, 4.4, 5 or 6, the Executive’s rights to benefits and payments under any benefit plans or
any insurance or other death benefit plans or arrangements of the Company or under any stock
option, restricted stock, stock appreciation right, bonus unit, management incentive or other plan
of the Company shall be determined in accordance with the terms and provisions of such plans and
any agreements under which such stock options, restricted stock or other awards were granted.

               4.6. In the event the term of employment and the Executive’s employment with the Company is
terminated pursuant to Sections 4, 4.1, 4.2, 4.3, 4.4, 4.1 1, 5 or

10

 

6 (and regardless of whether the Executive elects clause (i) or (ii) as provided in Sections
4.2 and 4.4), the Executive shall not be entitled to any other notice or severance or to be paid
for any unused sabbatical, the payments provided for in such Sections being in lieu thereof. The
Executive shall be paid out for unused vacation time accrued in the year of termination of
employment only.

               4.7. Any obligation of the Executive to mitigate his/her damages pursuant to Section 4.9 shall
not be a defense or offset to the Company’s obligation to pay the Executive in full the amounts
provided in Sections 4.2.1 or 4.2.2 or the timely and full performance of any of the Company’s
other obligations under this Agreement.

               4.8. In partial consideration for the Company’s obligation to make the payments described in
Sections 4.2 and 4.4, or as a result of Executive’s election of the Retirement Option described in
Section 4.11 herein, Executive shall execute and deliver to the Company a release which shall
include the substance of the terms of the Separation Agreement and Release in the form as set forth
in Exhibit A or such other form as is satisfactory to the Company. The Company shall deliver the
form of such release to Executive within a reasonable period of time after the Executive has made
the election set forth in Sections 4.2 or 4.4, or within a reasonable period of time following
Executive’s providing a Notice of Election of Retirement Option under Section 4.11 therein.
Executive shall execute and deliver such release to the person designated for receipt of notices
under Section 10.1 within thirty days of his/her receipt thereof from the Company. If Executive
shall fail to execute and so deliver to the Company such release within thirty days of his/her
receipt thereof from the Company, Executive shall receive, in lieu of the payments described in
Sections 4.2, 4.4, or 4.11, a lump sum cash payment in an amount

11

 

determined in accordance with the severance policies for non-contract Executives of the
Company then applicable.

               4.9. Mitigation. In the event of the termination of employment by the Executive as a
result of a material breach by the Company of any of its obligations hereunder, the Executive shall
not be required to seek other employment in order to mitigate his/her damages hereunder, and,
regardless of the period with respect to which paid, no compensation or other payments from any
other employment, services or activity of the Executive shall be applied by the Company in
reduction of or be payable or paid by the Company pursuant to Sections 4.2 and 4.4; provided,
however, that, notwithstanding the foregoing, if there are any damages hereunder by reason of the
events of termination described above which are contingent on a change (within the meaning of
Section 280G(b)(2)(A)(I) of the Internal Revenue Code), the Executive shall be required to mitigate
such damages hereunder, including any such damages theretofore paid, but not in excess of the
extent, if any, necessary to prevent the Company from losing any tax deductions to which it
otherwise would be entitled in connection with such damages if they were not so contingent on a
change. With respect to the preceding sentences, any payments or rights to which the Executive is
entitled by reason of the termination of the term of employment by the Executive pursuant to
Section 4.4 or in the event of the termination of the term of employment by the Company pursuant to
Section 4.2 shall be considered as damages hereunder.

               4.10. Effect of Non-Tender of Subsequent Agreement. Assuming that Executive has not
yet attained the age of sixty-five at the end of the term of this Agreement, in the event that the
Company does not offer Executive a new Employment Agreement similar to this Employment Agreement
with a term of at least thirty months, the Executive shall be entitled

12

 

to receive, as thirty months’ severance, all of the benefits and payments as described in
Section 4.2, with Executive being entitled to make the election outlined in Section 4.2. Except as
provided herein, the Company shall not be obliged to further employ the Executive. If the Executive
has attained the age of sixty-five by the end of the term of this Agreement, nothing herein shall
oblige the Company to tender him/her a similar agreement, and no severance shall be due Executive
in the event of the Company’s failure to do so.

               4.11. Retirement Option. Provided that, at the time of election, the Executive (a) is
actively employed by the Company, (b) has reached the age of fifty-five, and (c) has been employed
by the Company as member of the Executive Group (as defined in Section 3.6) for at least five years
the Executive may elect, by providing written notice to the Company in the form attached hereto as
Exhibit “B,” the Retirement Option, as outlined below:

                    4.11.1. Within fifteen days of the Executive’s exercise of the Retirement Option, the Company
and the Executive will attempt to agree upon the length a “Transition Period” of between six and
twelve months. The Transition Period shall commence as of the date of Executive’s written notice to
the Company of his/her Retirement Option election.

                         4.11.1.1. If the parties are unable, within the fifteen-day period, to agree on the length of
the Transition Period, then the Transition Period shall be for six months.

                         4.11.1.2. During the Transition Period, the Executive will remain actively employed, at
Executive’s then-current rate of compensation, and, in addition to Executive’s other regular
functions and responsibilities, will assist the Company in identifying, recruiting, and training
the Executive’s replacement. The Executive will continue to be responsible for the management,
direction, and performance of his/her division, operating unit

13

 

or department during the Transition Period to the full extent that Executive was so
responsible prior to the Transition Period.

                    4.11.2. At the conclusion of the Transition Period, the term of employment hereunder will
cease and Executive will become an advisor to the Company (the “Advisory Period”) as follows:

                         4.11.2.1. The Advisory Period will extend for thirty-six months. During the Advisory Period,
the Executive will receive compensation as follows: (a) for the first twelve months, Executive’s
then-current Base Salary and bonus; (b) for the second twelve months, Base Salary, plus 50% bonus;
and (c) for the third twelve months, Base Salary only. The bonus amount paid in (a) and (b) will be
calculated as follows: The bonus amount paid will be the greater of Target Bonus or the average of
the two most recent full year Annual Bonuses earned (excluding any special or spot bonuses). All
payments pursuant to this subsection shall be made in accordance with the Company’s ordinary timing
and procedures for salary and bonus compensation.

                         4.11.2.2. The Executive will continue to vest in any outstanding stock options and long-term
cash incentives (or any other similar plan) during the Advisory Period; however, the Executive will
not be entitled to any additional awards or grants. The Executive will also continue to be eligible
to participate in any deferred compensation plans and any Company-sponsored benefit plans, savings
plans, pension plans and group insurance plans (including medical, dental and vision care,
long-term disability, and life insurance) as if he/she were actively employed during the Advisory
Period. If the Executive elected premium reimbursement from the Company in lieu of Company-paid
group term life insurance, the payments in effect at the end of the Transition Period will be
continued until the end of the

14

 

Advisory Period. If the Executive did not elect premium reimbursement from the Company, group
term life insurance equal to the amount provided at the end of the Transition Period will be
continued until the end of the Advisory Period.

                         4.11.2.3. The Executive will not be provided with office space or secretarial services by the
Company during the Advisory Period. However, as soon as possible following the end of the
Transition Period, the Executive will receive a lump-sum payment of $10,000, less appropriate taxes
and deductions, as reimbursement for office expenses incurred during the Advisory Period. No
further payments or reimbursements will be made for office Space or secretarial services during the
Advisory Period.

                         4.1 1.2.4. During the Advisory Period, the Executive will be eligible for reimbursement of
financial and estate planning expenses, in the same amount and under the same terms as other
Executives at Executive’s level.

                         4.11.2.5. The Executive shall not be eligible for a Company-provided car or car allowance
during the Advisory Period. Any Company-provided car in the possession of the Executive will be
returned by the Executive to the Company prior to the commencement of the Advisory Period.

                         4.11.2.6. During the Advisory Period, the Executive will provide such advisory services
concerning the business, affairs and management of the Company as may be requested by the Company’s
management, but shall not be required to devote more than five days per month (up to eight hours
per day), to such services. The services shall be performed at a time and place mutually convenient
to both parties. The Company will reimburse the Executive for any expenses reasonably and
necessarily incurred in providing such

15

 

services, other than expenses of the nature set forth in Section 4.1 1.2.3. The Company may
require proof of the expenses incurred, via receipts or other appropriate documentation.

                         4.1 1.2.7. The election of this Retirement Option, including the compensation and benefits
payable during the Transition Period and the Advisory Period described herein above, are in lieu of
any and all benefits, compensation, and payments available under this Agreement. Executive shall
have no further rights to such compensation and benefits thereunder, except as outlined herein,
once Executive elects this Retirement Option. Executive will continue to be bound to Executive’s
obligations under this Agreement, except where expressly modified herein.

                         4.11.2.8. If the Executive accepts other employment during the Advisory Period, (a) he/she
will be terminated from payroll and will receive a lump-sum payment for the balance of the salary
and bonuses payable during the Advisory Period and (b) his/her participation in all incentive,
benefit and insurance plans or perquisites of the Company including Stock Option and Long Term Cash
Plans, shall be determined in accordance with Company procedures and plan documents.
Notwithstanding the preceding sentence, if the Executive accepts employment with any not-for-profit
Entity (defined as an entity that is exempt or in the process of obtaining exemption from federal
taxation under Section 501(c)(3) of the Internal Revenue Code), then the Executive shall be
entitled to remain on the payroll of the Company and receive the payments as provided above.

                         4.11.2.9. Unless specifically requested by the Company, the Executive will not be expected to
attend any management meetings, trade shows, conferences, or other similar events or activities,
and will not be reimbursed for the costs of such activities during the Advisory Period.

16

 

                         4.11.2.10. The Executive’s election of the Retirement Option as outlined herein shall be
irrevocable.

                         4.11.2.11. The Executive shall, in partial consideration for the payments to be made pursuant
to Executive’s election of the Retirement Option, execute and deliver to the Company a release as
described in Section 4.8 herein.

          5. Disability. Provided that an effective notice of termination has not previously
been given under any Section hereof, if Executive becomes ill or is injured or disabled during the
term of this Agreement such that Executive fails to perform all or substantially all the duties to
be rendered hereunder and such failure continues for a period in excess of twenty-six consecutive
weeks (a “Disability”), the Company may terminate the term of employment of Executive under this
Agreement upon written notice to Executive at any time and thereupon Executive shall be entitled to
receive (i) any earned and unpaid Base Salary accrued through the date of such termination, (ii)
subject to the terms thereof, any benefits which may be due to Executive under the provisions of
any benefit plans, savings plans, pension plans, and group insurance plans, and (iii) a lump sum
cash payment equal to two and one-halftimes the sum of the Executive’s then current Base Salary
plus the greater of (a) the average of his/her Annual Bonus amount paid over the last two years
(subject to the proviso set forth in Section 4.2.1(b)), multiplied by 2.5, or (b) the Executive’s
then applicable Target Bonus amount multiplied by 2.5.

          6. Death Benefit; Life Insurance. Provided that the term of employment has not been
earlier terminated hereunder, upon the death of the Executive, this Agreement and all benefits
hereunder shall terminate (except as otherwise provided in any benefit, savings, incentive or other
plan or program of the Company), except that the Executive’s estate (or a

17

 

designated beneficiary thereof) shall be entitled to receive: 1) If Company paid Life
Insurance above $50,000 has been waived, Company paid Life Insurance of $50,000 (and Executive will
be entitled to his/her Group Universal Life Insurance death benefit from the insurance company, if
any has been elected); or, 2) Company paid Life Insurance equal to thirty months of Executive’s
Base Salary plus bonus compensation based on the greater of (a) the average of the regular Annual
Bonus amounts (excluding the amount of any special or spot bonuses) received by the Executive from
the Company for the most recent two years (subject to the proviso set forth in Section 4.2.1(b)),
times 2.5, or (b) the Executive’s then applicable Target Bonus amount multiplied by 2.5.

          Further, during the period the Executive is receiving periodic payments under Section 4.2.2,
the Executive will be provided with the Life Insurance benefit available prior to termination. If
the Executive elected premium reimbursement from the Company in lieu of full group term life
insurance, the payments in effect prior to the date notice of termination is given will be
continued through the end of the salary continuation period. If the Executive did not elect premium
reimbursement from the Company, group term life insurance equal to the amount provided prior to the
date notice of termination is given will be continued through the end of the salary continuation
period.

          7. Benefits. Except as otherwise provided herein, during the term of employment, the
Executive shall be eligible to participate in any pension, profit-sharing, stock option, group
insurance, hospitalization, medical, dental, accident, disability or similar plan or program of the
Company now existing or established hereafter to the extent that he/she is eligible under the
general provisions thereof. The Executive shall also be entitled to receive other

18

 

benefits generally available to all members of the Executive Group, to the extent that he/she
is eligible therefor.

          8. Protection of Confidential Information; Non-competition; Non-solicitation.

               8.1. Covenants. The Executive acknowledges that his/her employment by the Company
(which, for purposes of this Section 8 shall mean the Company and its affiliated entities) will,
throughout the term of employment, bring him/her into close contact with many confidential affairs
of the Company, including information about costs, profits, markets, sales, products, key
personnel, pricing policies, trade secrets, customer lists, operational methods, technical
processes and other business affairs and methods and other information not readily available to the
public, and plans for future development (collectively, the “Confidential Information”). The
Executive further acknowledges that the business of the Company is international in scope, that its
products are marketed throughout the world, that the Company competes in nearly all of its business
activities with other organizations that are or could be located in nearly any part of the world
and that the nature of the Executive’s services, position and expertise are such that he/she is
capable of competing with the Company from nearly any location in the world. In recognition of the
foregoing, the Executive covenants and agrees:

                    8.1.1. The Executive will keep secret all Confidential Information of the Company, including
without limitation, the terms and provisions of this Agreement, and will not disclose such matters
to anyone outside of the Company, either during or after the term of employment, except with the
Company’s written consent, provided that (i) the Executive shall have no such obligation to the
extent such matters are or become publicly known other than as a result of the Executive’s breach
of his/her obligations hereunder, (ii) the Executive may, after

19

 

giving prior notice to the Company to the extent practicable under the circumstances, disclose
such matters to the extent required by applicable laws or governmental regulations or judicial or
regulatory process, and (iii) the Executive may disclose the terms and provisions of this Agreement
to his/her spouse and legal, tax and financial advisors.

                    8.1.2. The Executive will deliver promptly to the Company upon termination of the term of
employment or at any other time the Company may so request, at the Company’s expense, all
memoranda, notes, records, reports and other documents (and all copies thereof) relating to the
Company’s business, which he/she obtained while employed by, or otherwise serving or acting on
behalf of, the Company and which he/she may then possess or have under his/her control.

                    8.1.3. Executive will not at any time denigrate, ridicule, or intentionally criticize the
Company or any of its products, properties, Executives, officers or directors, including, without
limitation, by way of news interviews, or the expression of personal views, opinions, or judgments
to the news media.

                    8.1.4. Executive will not at any time during the term of employment and for a period of one
year after termination of the term of employment for any reason, solicit (or assist or encourage
the solicitation of) any Executive of the Company to work for Executive or for any person or entity
in which Executive owns or expects to own more than a 1% equity interest or for which Executive
serves or expects to serve as an Affiliated Person (as defined in Section 8.1.5 herein). For the
purposes of this Section, the term “solicit any Executive” shall mean Executive’s contacting, or
providing information to others who may be expected to contact, any Executive of the Company
regarding their employment status, job satisfaction, interest in seeking employment with Executive
or any Affiliated Person or any

20

 

related matter, but shall not include general print advertising for personnel or responding to
an unsolicited request for a personal recommendation for or evaluation of an Executive of the
Company.

                    8.1.5. Executive hereby expressly covenants and agrees that he/she will not, at any time
during the term of employment and for a period of one year after the termination of the term of
employment for any reason, be or become an officer, director, partner or Executive of or consultant
to or act in any managerial capacity with or own any equity interest in any person or entity (an
“Affiliated Person”) which is a “Competitive Business Entity” (as such term is defined on Exhibit C
hereto); provided, however, that ownership of less than 1% of the outstanding equity securities of
any entity listed on any national securities exchange or traded on the National Association of
Securities Dealers Automated Quotation System shall not be prohibited hereby.

               8.2. Specific Remedy. In addition to such other rights and remedies as the Company
may have at equity or in law with respect to any breach of this Agreement, if the Executive commits
a material breach (or such a breach is threatened) of any of the provisions of Sections 2.2, 8.1,
or 9, the Company shall have the right and remedy to have such provisions specifically enforced by
any court having equity jurisdiction, it being acknowledged and agreed that any such breach or
threatened breach will cause irreparable injury to the Company and that money damages will not
provide an adequate remedy to the Company.

          9. Ownership of Work Product. The Executive acknowledges that during the period the
Executive is (and has been) employed by the Company, he/she may conceive of, discover, invent or
create inventions, improvements, new contributions, literary property, material, ideas and
discoveries, whether patentable or copyrightable or not (all of the foregoing

21

 

being collectively referred to herein as “Work Product”), and that various business
opportunities shall be presented to him/her by reason of his/her employment by the Company. The
Executive acknowledges that, unless the Company otherwise agrees in writing, all of the foregoing
shall be owned by and belong exclusively to the Company and that he/she shall have no personal
interest therein, provided that they are either related in any manner to the business (commercial
or experimental) of the Company, or are, in the case of Work Product, conceived or made on the
Company’s time or with the use of the Company’s facilities or materials, or, in the case of
business opportunities, are presented to him/her for the possible interest or participation of the
Company. The Executive shall further, unless the Company otherwise agrees in writing, at any time
(i) promptly disclose any such Work Product and business opportunities to the Company; (ii) assign
to the Company, upon request and without additional compensation, the entire rights to such Work
Product and business opportunities; (iii) sign all papers the Company deems necessary to carry out
the foregoing; and (iv) give testimony in support of his/her inventorship or creation in any
appropriate case. The Executive agrees that he/she will not assert any rights to any Work Product
or business opportunity as having been made or acquired by him/her prior to the date of this
Agreement (or predecessor Agreements with the Company) except for Work Product or business
opportunities, if any, disclosed to and acknowledged by the Company in writing prior to the date
hereof (or thereof). The provisions of this Section are in addition to, and not in limitation of,
any separate agreement regarding similar matters executed by the Executive.

          10. Notices. All notices, requests, consents and other communications required or
permitted to be given hereunder shall be in writing and shall be deemed to have been duly given if
delivered personally, or mailed first-class, postage prepaid, by registered or

22

 

certified mail, as follows (or to such other or additional address as either party shall
designate by notice in writing to the other in accordance herewith):

               10.1. If to the Company:

Time Warner Cable

290 Harbor Drive

Stamford, Connecticut 06902-2266

Attention: General Counsel

               10.2. If to the Executive, to the address set forth on the records of the
Company.

          11. General.

               11.1. Governing Law. This Agreement shall be governed by and construed and enforced
in accordance with the laws of the State of New York, without regard to New York’s choice of law
provisions.

               11.2. Captions. The section headings contained herein are for reference purposes only
and shall not in any way affect the meaning or interpretation of this Agreement.

               11.3. Entire Agreement. This Agreement sets forth the entire agreement and
understanding of the parties relating to the subject matter hereof and supersedes all prior
agreements, arrangements and understandings, written or oral, between the parties.

               11.4. No Other Representations. No representation, promise or inducement has been
made by either party that is not embodied in this Agreement, and neither party shall be bound by or
be liable for any alleged representation, promise or inducement not so set forth.

               11.5. Assignability. This Agreement and the Executive’s rights and obligations
hereunder may not be assigned by the Executive. This Agreement will be binding on any successors or
assigns of the Company.

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               11.6. Amendments; Waivers. This Agreement may be amended, modified, superseded,
canceled, renewed or extended, and the terms or covenants hereof may be waived only by written
instrument executed by both of the parties hereto, or in the case of a waiver, by the party waiving
compliance. The failure of either party at any time or times to require performance of any
provision hereof shall in no manner affect such party’s right at a later time to enforce the same.
No waiver by either party of the breach of any term or covenant contained in this Agreement,
whether by conduct or otherwise, in any one or more instances, shall be deemed to be, or construed
as, a further or continuing waiver of any such breach, or a waiver of the breach of any other term
or covenant contained in this Agreement.

               11.7. Beneficiaries. Whenever this Agreement provides for any payment to the
Executive’s estate, such payment may be made instead to such beneficiary or beneficiaries as the
Executive may designate in writing filed with the Company. The Executive shall have the right to
revoke any such designation and to redesignate a beneficiary or beneficiaries by written notice to
the Company (and to any applicable insurance company) to such effect.

               11.8. No Conflict. The Executive represents and warrants to the Company that this
Agreement is legal, valid and binding upon the Executive and the execution of this Agreement and
the performance of the Executive’s obligations hereunder does not and will not constitute a breach
of, or conflict with the terms or provisions of, any agreement or understanding to which the
Executive is a party (including, without limitation, any other employment agreement). The Company
represents and warrants to the Executive that this Agreement is legal, valid and binding upon the
Company, and the Company is not a party to any

24

 

agreement or understanding which would prevent the fulfillment by the Company of the terms of
this Agreement.

               11.9. Withholding. All payments required to be paid by the Company to Executive under
this Agreement will be paid in accordance with the payroll practices of the Company and/or the
terms of the Company’s benefit, savings, pension, insurance and incentive plans and programs, as
the case may be, and will be subject to withholding taxes, social security and other payroll
deductions as required by law and/or in accordance with the Company’s policies applicable to
members of the Executive Group and the terms of such plans and programs.

               11.10. Use of Likeness. The Company and its Affiliates shall have the right to use
Executive’s name, biography and likeness in connection with their respective businesses, but not
for use as a direct endorsement.

               11.11. Validity. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision of this Agreement,
which shall remain in full force and effect.

               11.12. Counterparts. This Agreement may be executed in one or more counterparts, each
of which shall be deemed to be an original but all of which together shall constitute one and the
same instrument.

               11.13. Changes. The Company and its Affiliates are entitled to amend, modify,
terminate or otherwise change at any time or from time to time any and all benefit plans, incentive
plans and policies, practices or procedures referred to in this Agreement.

               11.14. Resolution of Disputes. Except as provided for in Section 8.2 above, the
Company and the Executive agree that any claim, dispute, controversy or the like

25

 

(collectively, the “Dispute”) arising out of or relating to this Agreement (including the
Exhibits annexed hereto), including, without limitation, its validity or a breach thereof, shall be
resolved by binding arbitration in accordance with the rules of the Commercial Tribunal of the
American Arbitration Association. The Company and the Executive further agree that any Dispute
relating to, arising in the context of, or being asserted for the first time after, termination of
the term of employment including but not limited to any alleged violation of any local, state or
federal anti-discrimination statute or ordinance, or any Dispute that Executive was subjected to
discriminatory harassment in violation of any local, state or federal anti-discrimination statute,
shall also be resolved by binding arbitration in accordance with the rules of the Commercial
Tribunal of the American Arbitration Association. The Company and the Executive expressly waive
their rights, if any, to a trial of any such Disputes by a jury.

                    11.14.1. The Company and the Executive agree that (a) any Dispute shall be arbitrated by three
neutral arbitrators who shall issue a written opinion and award, (b) the award may be vacated in
the event of bias, corruption, fraud or where an arbitrator exceeds his/her powers, and (c)
judgment upon the award may be entered in any court having jurisdiction thereof

                    11.14.2. The Executive may choose to have the arbitration hearing pursuant to this Section
11.14 take place in either Stamford, Connecticut, or New York City, New York. The Company agrees
that if the Executive is the prevailing party in such arbitration, the Company shall pay the
arbitrators’ fees and related AAA administrative costs.

26

 

'

          IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first above
written.

	 	 	 	 	 
	 	 	TIME WARNER CABLE, a division of
	 
	 	 	 	 
	 	 	TIME WARNER ENTERTAINMENT COMPANY, L.P.
	 
	 	 	 	 
	 

	 	By: 
	/s/ Marc Apfelbaum
	 

	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

Agreed to and accepted as of

the date first above written

EXECUTIVE

	 	 	 
	/s/ Mike LaJoie
	 	 
	 

	 	 

Vice President, Corporate Development

Annual
Salary: $202,800.00

Target
Annual Bonus Percentage: 40%

Address for Notices:

97 Erickson Drive

Stamford, CT 06903

27

 

Exhibit A

CONFIDENTIAL

SEPARATION AGREEMENT AND RELEASE

          This Separation Agreement and Release (this “Agreement”), effective as of the date set forth
in Paragraph 30 below, is made and entered into by and between Time Warner Cable (the “Company”), a
division of Time Warner Entertainment Company, L.P., and                                                             (the
“Executive”). The Company and Executive are from time to time referred to herein as the “parties.”
By this Agreement, the parties intend to, and do hereby settle any and all differences, disputes,
grievances, claims, charges and complaints, whether known or unknown, accrued or unaccrued, actual
or alleged that Executive either has or arguably may have against the Company, its affiliates
including, but not limited to, Time Warner Inc., and each of their respective subsidiaries or
predecessors or successors thereto (hereinafter respectively “Affiliates” and “Subsidiaries”) or
that the Company, its Affiliates or Subsidiaries either have or arguably may have against
Executive, as discussed herein.

          In consideration of the mutual covenants, conditions and obligations set forth herein, the
parties agree as follows:

          [1. Pursuant to Section 4.2.1 of the Amended and Restated Employment and Termination
Agreement, dated as of June 1, 2000, between the Company and Executive (“the Employment
Agreement”), Executive shall receive a one-time lump sum payment equal to $                    .]

          [1. Pursuant to Section 4.2.2 of the Amended and Restated Employment and Termination
Agreement, dated as of June 1, 2000, between the Company and Executive (the “Employment
Agreement”), Executive shall be place on a leave of absence (the “Leave”) as an

 

 

inactive Executive of the Company for thirty months following the date of termination of the
term of employment, whether or not he/she becomes disabled as provided for in Section 5 of the
Employment Agreement. During the Leave, Executive shall receive his/her regular annual earnings of
$                     less statutory deductions and other voluntary deductions (i.e., group insurance) paid
biweekly through                     . Executive shall also receive an Annual Incentive Plan bonus (AIP)
payment of $                     each year, less statutory deductions, for three years, payable in [month] of
                    ,                      and                     . [The Executive shall also receive a prorated payment of $      
              
to be paid in February of                     .] If the Executive accepts full-time employment with any other
person or Entity during such Leave or notifies the Company in writing of his/her intention to
terminate his/her status as an inactive employee on Leave, then the Executive will be terminated
from payroll and will receive a lump sum payment in an amount representing the balance of the
annual salary and bonuses payable during the thirty month period pursuant to Section 4.2.2 of the
Employment Agreement. (Notwithstanding the preceding sentence, if the Executive accepts full-time
employment with any Affiliate of the Company (for this purpose only, as “Affiliate” is defined in
the Employment Agreement), then the periodic annual salary and bonus payments provided for in
Section 4.2.2 of the Employment Agreement shall cease, and the Executive shall not be entitled to
any such lump sum payment.) If the Executive leaves payroll within one year after separation from
the Company, any lump-sum payment will be paid in two installments. At the time the Executive
leaves payroll, 75% will be paid; the remaining 25% will be paid on the first anniversary date of
the notice of termination. By signing this agreement Executive acknowledges his obligation to
inform the Company of the date the new position will commence immediately after accepting other
employment.

2

 

          2. The parties agree that Executive’s Time Warner stock options granted under the Time Warner
Stock Option Plan (the “Option Plan”) will continue to vest during the period the Executive remains
on payroll.

          3. The parties agree that the Executive’s rights under the Time Warner Cable Long Term Cash
Plan shall be determined by the provisions of the Plan as in effect on the date of this Agreement.
If active employees receive payments for any cycles of this Plan for which the Executive received a
grant, the Executive will be eligible to receive a payment at the end of each cycle. Any such
payments will be prorated based on the date the Executive terminates from payroll. The Executive
received grants under the ___, ___, and ___Long Term Cash Plans.

          4. The parties agree that the Executive’s pension rights and rights in the Time Warner Cable
Savings Plan shall be determined by the provisions of the Time Warner Cable Pension Plan and
Savings Plan, respectively, as in effect on the date of this Agreement (collectively, the “Pension
and Savings Plans”). Further, the parties agree that full distribution of the Executive account
balances held in the Time Warner Cable Savings Plan may occur following termination of the
Executive from payroll, upon Executive’s request.

          5. The parties agree that the Executive will be provided with coverage under the Company’s
group insurance plans at the employee contribution rate as long as the Executive remains on
payroll. The Executive will be subject to any increases in employee contributions and any changes
in the group insurance benefit package which occur during the salary continuation period. Following
termination of group insurance benefits, the Executive may continue medical, dental, and vision
coverage for up to eighteen (18) months by following the applicable COBRA procedures and paying the
full monthly premium.

3

 

          6. The parties agree that the Executive will be provided with the life insurance benefits and,
if elected, premium reimbursements as specified under his/her Employment Agreement as long as the
Executive remains on payroll.

          7. Based on the Company’s payroll records as of                      and the termination date of
                    , Executive’s unused vacation balance is                      hours. Assuming payroll records are
current, this would result in a vacation payout of                     . The parties agree the vacation balance
will be verified prior to payout.

          8. Under the Employment Agreement, the Executive is entitled to executive level outplacement
services (including reasonable office space as designated by the Company) at no cost to the
Executive for the one year period following the date of termination of active employment (insert
date).

          9. The parties agree that the Executive will be eligible for reimbursement of financial
counseling expenses during the period he remains on payroll, provided active employees at his level
receive these benefits. Financial counseling expense reimbursement will be limited to the amounts
available to active employees at the Executive’s level.

          10. Executive does hereby release and forever discharge the Company and its Affiliates and
Subsidiaries and each of their respective officers, shareholders, subsidiaries, agents, successors,
predecessors, assigns, and employees and their respective agents, heirs, executors, administrators,
estates, beneficiaries and representatives, of and from any and all actions, causes of action,
claims, or demands for general, special or punitive damages, attorneys’ fees, expenses, or other
compensation, that in any way relate to or arise out of Executive’s employment with the Company
and/or its Affiliates and Subsidiaries or the termination of such employment which Executive may
now or hereafter have, under any federal, state or local law,

4

 

regulation or order (including without limitation, under the Age Discrimination in Employment
Act, 29 U.S.C. § 621 et seq., as amended, through and including the date of this Agreement), or
otherwise. This release shall not apply to any act of fraud or criminal conduct by the Company, its
Affiliates or Subsidiaries, of which Executive is not aware as of the date of this Agreement, nor
to any act of non-compliance with terms of this Agreement by the Company.

          11. The Company, its Affiliates and Subsidiaries, do hereby release and forever discharge
Executive, his/her agents, heirs, executors, administrators, estate, beneficiaries and
representatives, of and from any and all actions, causes of action, claims or demands for general,
special, and punitive damages, attorneys’ fees, expenses, and other compensation, that in any way
relate to or arise out of the Company’s employment of Executive or the termination of such
employment which the Company, its Affiliates or Subsidiaries may now or hereafter have, under any
federal, state, or local law, regulation, or order, as amended, or otherwise, through and including
the date of this Agreement. This release shall not apply to any act of fraud or criminal conduct by
Executive of which the Company, its Affiliates or Subsidiaries are not aware as of the date of this
Agreement, nor to any act of non-compliance with terms of this Agreement by Executive.

          12. Executive agrees that this Agreement shall terminate upon his/her death, and thereupon the
Company shall not have any obligations hereunder, except that Executive’s estate or beneficiaries
shall be entitled to all unpaid compensation payable to Executive hereunder and to all other
benefits which may be due to Executive and Executive’s estate or beneficiaries at the time under
the general provisions of any employee benefit plan of the Company in which Executive is then a
participant.

5

 

          13. Executive hereby expressly covenants and agrees that Executive will keep secret all
Confidential Information of the Company, including without limitation, the terms and provisions of
this Agreement, and will not disclose such matters to anyone outside of the Company, except with
the Company’s written consent (except as permitted in Paragraph 20 below and Section 8.1.1 of the
Employment Agreement).

          14. Executive hereby grants and assigns to the Company all rights (including, without
limitation, any copyright or patent) to the Work Product and any business opportunities presented
to him/her by reason of his/her employment by the Company. Any work in connection therewith shall
be considered “work made for hire” under the Copyright law of 1976 or any successor thereto, and
the Company shall be the owner of such work as if the Company were the author of such work.
Executive will execute and deliver to the Company any documents or instruments evidencing the
Company’s ownership thereof as reasonably requested by the Company. The provisions of this
Paragraph are in addition to, and not in limitation of, any separate agreement regarding similar
matters executed by the Executive.

          15. Executive hereby expressly covenants and agrees that:

               (a) Executive shall not for a period of one year following                     , be or become an officer,
director, partner or Executive of or consultant to or act in any managerial capacity with or own
any equity interest in any person or Entity (an “Affiliated Person”) which is a “Competitive
Business Entity” (as such term is defined on Exhibit A hereto), provided, however,
that ownership of less than one percent of the outstanding equity securities of any Entity listed
on any national securities exchange or traded on the National Association of Securities Dealers
Automated Quotation System shall not be prohibited hereby.

6

 

               (b) Executive will not at any time for a period of one year following                      solicit
(or assist or encourage the solicitation of) any employee of the Company or any of its Subsidiaries
or Affiliates to work for Executive or for any person or Entity in which Executive owns or expects
to own more than a one percent equity interest or for which Executive serves or expects to serve as
an Affiliated Person.

     For the purpose of this Paragraph 15(b), the term “solicit any employee” shall mean
Executive’s contacting, or providing information to others who may be expected to contact, any
employee of the Company or any of its Subsidiaries or Affiliates regarding their employment status,
job satisfaction, interest in seeking employment with Executive or any Affiliated Person or any
related matter, but shall not include general print advertising for personnel or responding to an
unsolicited request for a personal recommendation for or an evaluation of an employee of the
Company or any of its Subsidiaries or Affiliates.

          16. Documents; Conduct. (a) Executive certifies that he has returned to the Company
all property of the Company and its Subsidiaries and Affiliates in his possession or control
(whether maintained at his office, home or elsewhere), including, without limitation, all copies of
all management studies, business or strategic plans, budgets, notebooks and other printed, typed or
written materials, documents, diaries, calendars and data of or relating to the Company or its
Subsidiaries or Affiliates or their respective personnel or affairs.

     (b) Executive expressly covenants and agrees that Executive will not at any time denigrate,
ridicule or intentionally criticize the Company or any of its Subsidiaries or Affiliates or any of
their respective products, properties, employees, officers or directors, including, without
limitation, by way of news interviews, or the expression of personal views, opinions or judgments
to the news media or in any type of public forum.

7

 

          17. Executive agrees that, if called upon to do so by the Company, he/she shall truthfully
testify in Court or before an administrative agency concerning matters or disputes which arose or
were pending during his/her tenure with the Company. Executive further agrees to make
himself/herself available, upon reasonable notice and at reasonable times, to be interviewed and to
cooperate, at the request of the Company, or its counsel, in connection with any litigation,
proceeding, inquiry or investigation to which the Company is or may become involved. The Company
agrees that if it should call upon Executive to so testify or to be interviewed or cooperate, the
Company shall reimburse Executive for expenses reasonably and necessarily incurred by Executive
for testifying, being interviewed or cooperating, excluding costs and fees of any attorney whom
Executive may wish to retain to represent him/her. Further, in the event Executive is called upon
to testify, be interviewed or cooperate, the Company shall make available to Executive all books.
documents and other discoverable items necessary for him/her to give complete and truthful
testimony.

          18. Executive agrees that he/she will not voluntarily assist or encourage other persons to
file complaints or claims of any kind against the Company. To that end, Executive agrees not to
commence, prosecute or participate in (except as required by law) any action or proceeding of any
kind against the Company and agrees not to assist, encourage, or provide support for, directly or
indirectly, to any other person in connection with any action or proceeding of any kind against the
Company, except as required by law.

          19. Executive agrees that he/she will not make any disclosure of any of the facts or
circumstances giving rise to any allegations he/she has made regarding the Company or any of its
employee s, regarding any policies or practices of the Company, regarding his/her disagreements
with any employee s of the Company, or regarding any matters that came to

8

 

his/her attention during the course of his/her employment by the Company. Executive also
agrees that he/she will not solicit or initiate any demand or request by others for any such
disclosure of any such information.

          20. Executive agrees that he/she will not disclose the financial terms of this Agreement to
any person, firm, corporation or other entity, except that Executive may disclose the financial
terms to federal or state tax authorities, his/her attorneys, accountants, or family and, subject
to the condition precedent that he deliver to the Company upon request a confidentiality agreement
in customary form, if he/she is applying for credit, to the lenders involved. Notwithstanding the
foregoing, if Executive shall be requested or required in a judicial, administrative or
governmental proceeding to disclose the financial terms of this Agreement (whether by way of oral
questions, interrogatories, requests for information or documents, subpoenas or similar process),
Executive will notify the Company (attention of General Counsel) as promptly as possible of such
request or requirement so that the Company may either seek an appropriate protective order or waive
Executive’s compliance with the provisions of this paragraph. If, in the absence of such protective
order or waiver, Executive is nevertheless, in the written opinion of Executive’s counsel,
otherwise required to disclose the financial terms of this Agreement to any court, government
agency or tribunal or else stand liable for contempt or suffer other censure or penalty, Executive
may disclose such financial terms to such court, governmental agency or tribunal without liability
hereunder.

          21. It is expressly understood and agreed that the payment(s) by the Company of the amounts
set forth herein is being given to Executive in return for Executive’s agreements and covenants
contained in this Agreement. Neither payment by the Company of the amounts set

9

 

forth herein nor any term or condition contained in this Agreement shall be construed by
either party at any time as an admission of liability or wrongdoing in any manner whatsoever.

          22. Executive agrees and acknowledges that in executing and delivering this Agreement. (a)
he/she has done so freely and voluntarily; (b) that he/she was advised in this writing to consult
with an attorney of his/her choice; (c) that he/she has had a reasonable opportunity to confer with
legal counsel of his/her own choosing; (d) that he/she executed this Agreement with knowledge of
all the material facts, and not as a result of any duress, concealment, fraud, or undue influence;
(e) that he/she was advised that he/she would have at least [twenty-one or forty-five] days to
consider this Agreement; (f) that it would become fully enforceable unless he/she revoked it in
writing directed to the General Counsel of the Company within seven days of executing it; and (g)
he/she will not receive any of the consideration provided for under this Agreement if he/she does
not execute it or if he/she revokes it within the revocation period.

          23. In the event that any provision of this Agreement is found or deemed to be illegal or
otherwise invalid and unenforceable, whether in whole or in part, such invalidity shall not affect
the enforceability of the remaining terms hereunder.

          24. This Agreement contains the entire understanding of the parties with respect to the
subject matter hereof and supersedes all prior and contemporaneous understandings between the
parties hereto with regard to such subject matter (provided that provisions of the Employment
Agreement that do not expressly terminate upon termination of the term of employment thereunder and
which are not in conflict with the terms hereof shall continue to survive and be in effect
regardless of this Agreement). This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of New York

10

 

applicable to contracts made and to be performed therein. The terms of the Agreement may not
be modified, except in writing and signed by the party against whom the enforcement of any such
modification may be sought.

          25. The parties understand and agree that this Agreement is solely for the purposes set forth
herein, and does not constitute, and is not intended to constitute, a general policy of the Company
in dealing with employee separations.

          26. All notices, consents, requests, instructions and other communications provided for herein
shall be validly given, made or served if in writing and delivered personally or sent by registered
or certified mail, postage prepaid to:

	 	 	 	 	 
	Executive at:
	 	 	 	 
	 

	 	 

	 	 
	 

	 	 

	 	 
	 

	 	 

	 	 
	Company at:

	 	Time Warner Cable	 	 
	 

	 	Attention: General Counsel	 	 
	 

	 	290 Harbor Drive	 	 
	 

	 	Stamford, Connecticut 06902	 	 
	 
	 	 	 	 
	 

	 	Attention: Beth Wann	 	 
	 

	 	160 Inverness Drive West	 	 
	 

	 	Englewood, Colorado 80112	 	 

          27. Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall be deemed to be an original but all of which together shall constitute one and the same
instrument.

          28. Breach by Executive. Executive hereby expressly covenants and agrees that the
Company will suffer irreparable damage in the event any provisions of Paragraphs 13, 14 or 15 are
not performed or are otherwise breached and that the Company shall be entitled as a matter of right
to an injunction or injunctions and other relief to prevent a breach or violation by Executive and
to secure its enforcement of Paragraphs 13, 14 and/or 15. Resort to such equitable

11

 

relief, however, shall not constitute a waiver of any other rights or remedies which the
Company may have.

          29. Resolution of Disputes. Except as provided for in Paragraph 28 above, the Company
and the Executive agree that any claim, dispute, controversy or the like (collectively, the
“Dispute”) arising out of or relating to this Agreement (including the Exhibit annexed hereto),
including, without limitation, its validity or a breach thereof, shall be resolved by binding
arbitration in accordance with the rules of the Commercial Tribunal of the American Arbitration
Association (“AAA”). The Company and Executive expressly waive their rights, if any, to a trial of
any such Disputes by a jury. The Company and Executive agree that (a) any Dispute shall be
arbitrated by three neutral arbitrators who shall issue a written opinion and award, (b) the award
may be vacated in the event of bias, corruption, fraud or where an arbitrator exceeds his/her
powers, and (c) judgment upon the award may be entered in any court having jurisdiction thereof.
Executive may choose to have the arbitration hearing take place in either Stamford, Connecticut, or
New York City, New York. The Company agrees that if the Executive is the prevailing party in such
arbitration, the Company shall pay the arbitrators’ fees and related AAA administrative costs.

          30. Unless earlier revoked, this Agreement shall be effective on the eighth day following its
execution by the Executive.

          31. Capitalized terms used but not defined herein are used as defined in the Employment
Agreement.

12

 

          IN WITNESS HEREOF, the parties hereto have executed this Agreement, effective as of the date
first above written.

	 	 	 	 	 
	 	 	TIME WARNER CABLE, a division of
	 	 	TIME WARNER ENTERTAINMENT COMPANY, L.P.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 
	 
	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	EXECUTIVE
	 
	 	 	 	 
	 	 	 

EXECUTIVE NOTARY

	 	 	 	 	 	 	 
	STATE OF

	 	 	)	 	 	 
	 

	 	 	)	 	 	ss.:
	COUNTY OF

	 	 	)	 	 	 

          On this                      day of                                  
        , before me personally came                     ,
to me known and known to me to be the person described herein and who executed the foregoing
Separation Agreement and General Release, and he/she duly acknowledged to me that he/she executed
the same.

	 	 	 
	 

	 	 
	 

	 	Notary Public
	 
	 	 
	 

	 	My Commission Expires:                                         

13

 

Exhibit B

Time Warner Cable

290 Harbor Drive

Stamford, Connecticut 06902-2266

Attention: General Counsel

Dear [Marc]:

Pursuant to Section 4.11 of my Employment Agreement, this is to advise you of my election of the
Retirement Option provided therein, effective as of the date of this letter.

Pursuant
to Section 4.11.1, I suggest a Transition Period of ___ months, ending on
                        
            
            
            .

	 	 	 
	 

	 	 
	Sincerely yours,
	 	 

[Executive]

14

 

Exhibit C

“Competitive Business Entity” shall mean (A) any Entity which is engaged in the United States,
either directly or indirectly, in the ownership, operation or management of (i) any cable
television system, open video system, direct broadcast system (DBS), SMATV system, pay-per-view
system, multi-point distribution system (MDS or MMDS) or other multichannel television programming
system (collectively “Systems”) in the United States; or (ii) any business of providing any local
residential telecommunications, or any internet access or any other transport or network services
for Internet Protocol based information; and (B) any federal, state or local authority empowered to
grant, renew, modify or amend, or review the grant, renewal, modification or amendment of, or the
regulation of, franchises to operate any System. Provided, however, that
“Competitive Business Entity” shall not mean any cable television system operator which, at all
times during the relevant period, has less than 500,000 subscribers and does not serve any area
which is also served by a cable television system owned, operated or managed by the Company or its
Affiliates.

All capitalized terms used herein shall have the meanings provided in the Amended and Restated
Employment Agreement to which this Exhibit C is attached.

15

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