Document:

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Exhibit 10.4                                                 As amended and
------------                                                restated as of:
                                                           December 8, 1999

                           TIME WARNER TELECOM INC.
                            1998 STOCK OPTION PLAN

                                   ARTICLE I
                              Purpose of the Plan
                              -------------------

          The purpose of the Time Warner Telecom Inc. (the "Company") 1998 Stock
Option Plan (hereinafter the "Plan") is to provide for the granting of options
to directors and employees of the Company and its Subsidiaries in recognition of
the valuable services provided, and contemplated to be provided, by such
directors and employees.  The general purpose of the Plan is to promote the
interests of the Company and its stockholders and to reward dedicated directors
and employees of the Company and its Subsidiaries by providing them additional
incentives to continue and increase their efforts with respect to, and to remain
in the employ of, the Company or its Subsidiaries.

                                  ARTICLE II
                              Certain Definitions
                              -------------------

          The following terms (whether used in the singular or plural) have the
meanings indicated when used in the Plan:

          (a)  "Agreement" means the option agreement specified in Article XI.

          (b)  "Approved Transaction" means any transaction in which the Board
(or, if approval of the Board is not required as a matter of law, the
stockholders of the Company) shall approve (i) any consolidation or merger of
the Company in which the Company is not the continuing or surviving company or
pursuant to which shares of Class A Common Stock would be converted into cash,
securities or other property, other than a merger of the Company in which the
equity holders of the Company immediately prior to the merger have the same
proportionate ownership of the equity value of the surviving company immediately
after the merger or (ii) any sale, lease, exchange, or other transfer (in one
<PAGE>

transaction or a series of related transactions) of all, or substantially all,
of the assets of the Company, or (iii) the adoption of any plan or proposal for
the liquidation or dissolution of the Company; provided that the reconstitution
                                               -------- ----
of the Company as a corporation or other entity or a public offering of the
equity of the Company (or its successor) shall not constitute an Approved
Transaction.

          (c)  "Award" means grants of Options under this Plan.

          (d)  "Board" means the Board of Directors of the Company.

          (e)  "Board Change" means such time as the Class B Stockholders and
their respective affiliates as a group cease to have the ability to elect a
majority of the Board of Directors (other than the chief executive officer of
the Company and independent directors; provided that independent directors shall
                                       -------- ----
be included in calculating whether the foregoing majority requirement is
satisfied if the directors nominated by the Class B Stockholders and their
respective affiliates do not constitute a majority of the committee that selects
the Board's nominees for independent directors) and a "person" or "group"
(within the meaning of Sections 13(d) and 14(d)(2) of the Exchange Act) (other
than the Class B Stockholders and their respective affiliates) has become the
ultimate "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act) of
more than 35% of the total voting power of the voting interests of the Company
on a fully diluted basis and such ownership represents a greater percentage of
the total voting power of the voting interests of the Company, on a fully
diluted basis, than is held by the Class B Stockholders and their respective
affiliates as a group on such date.

          (f)  "Class A Common Stock" means the class A common stock, par value
$.01 per share, of the Company.

          (g)  "Class B Stockholders" means Time Warner Inc., Media One Group,
Inc., Advance/Newhouse Partnership and the affiliates of each of the foregoing.

          (h)  "Code" means the Internal Revenue Code of 1986, as amended from
time to time, or any successor statute or statutes thereto.  Reference to any
specific Code section shall include any successor section.
<PAGE>

          (i)  "Committee" means the Committee comprised of members of the Board
appointed pursuant to Article IV.

          (j)  "Company" means Time Warner Telecom Inc, a Delaware corporation,
and any successor thereto.

          (k)  "Effective Date" means the date the Plan becomes effective
pursuant to Article XV.

          (l)  "Exchange Act" means the Securities Exchange Act of 1934, as
amended from time to time, or any successor statute or statutes thereto.
Reference to any specific Exchange Act section shall include any successor
section.

          (m)  "Fair Market Value" of a share of Class A Common Stock shall mean
the fair market value of such a share of Class A Common Stock as determined in
good faith by the Board after consultation with an independent appraiser or
other third party deemed appropriate by the Board.  In the event of an Approved
Transaction involving the sale of  shares of Class A Common Stock of the
Company, the Fair Market Value of a share shall be based upon the price per
share paid by the acquiror in connection with such Approved Transaction, subject
to appropriate adjustment to reflect relative differences among the shares as
determined in good faith by the Board.

          (n)  "Holder" means a director or an employee of the Company or any of
its Subsidiaries who has received an Award under this Plan.  An individual shall
continue to be considered a Holder for purposes of this Plan during the period
such individual holds shares of Class A Common Stock acquired pursuant to an
exercise of an Option.

          (o)  "Option" means any option granted pursuant to this Plan.

          (p)  "Plan" has the meaning ascribed thereto in Article I.

          (q)  "Subsidiary" of a person means any present or future subsidiary
of such person as such term is defined in Section 425 of the Code and any
present or future trade or business, whether or not incorporated, controlled by
or under common control with such person.  An entity shall be deemed a
Subsidiary of a person only for such periods as the requisite ownership or
control relationship is maintained.
<PAGE>

          (r)  "Total Disability" means a permanent and total disability as
defined in Section 22(e)(3) of the Code.

                                  ARTICLE III
                          Shares Subject to the Plan
                          --------------------------

          SECTION 3.01.  Number of Shares.  Subject to the provisions of Section
                         -----------------
3.02 and Section 6.06, the maximum number of shares of Class A Common Stock in
respect of which Awards may be granted under the Plan shall be determined by the
Board as of the date of the initial grant of Awards under the Plan, but shall in
no event represent more than 10% of the total number of shares of the Company
outstanding as of that date.  The maximum number of shares of Class A Common
Stock in respect of which Awards may be granted during any calendar year to any
one individual under the Plan shall not exceed one-half the number of shares
that may be subject to Awards granted under the Plan under the preceding
sentence.  If and to the extent that an Option shall expire, terminate or be
canceled for any reason without having been exercised, the shares subject to
such expired, terminated or canceled portion of the Option shall again become
available for purposes of the Plan.

          SECTION 3.02.  Adjustments.  In addition to the adjustment in the
                         ------------
Options as described in Section 6.06, in the event that the Board determines
that any dividend or other distribution (whether in the form of cash, shares of
Class A Common Stock, securities or other property), recapitalization,
reorganization, merger, consolidation, issuance or exchange of shares of Class A
Common Stock, other ownership interests or other securities of the Company,
issuance of warrants or other rights to purchase shares of Class A Common Stock,
other ownership interests or other securities of the Company or other similar
corporate transaction or event affects the shares of Class A Common Stock such
that an adjustment is determined by the Board in its discretion to be
appropriate in order to prevent inappropriate dilution or enlargement of the
benefits or potential benefits intended to be made available under the Plan,
then the Board may, in such manner as it may deem equitable, adjust any or all
of (a) the number of shares of Class A Common Stock, other ownership interests
or other securities of the Company (or number and kind of other securities or
property) with respect to which Awards may be granted, (b) the number of shares
of Class A Common Stock,
<PAGE>

other ownership interests or other securities of the Company (or number and kind
of other securities or property) subject to outstanding Awards or the percentage
of Interests, other ownership interests or other securities of the Company
subject to shares of Class A Common Stock and (c) the exercise price with
respect to any Option or, if deemed appropriate, make provision for a cash
payment to the Holder of an outstanding Option in consideration for the
cancelation of such Option. No adjustment shall be made on account of the
issuance of shares of Class A Common Stock with respect to Options.

                                  ARTICLE IV
                                Administration
                                --------------

          SECTION 4.01.  Powers.  The Plan shall be administered by the Board.
                         -------
Subject to the express provisions of the Plan, the Board shall have plenary
authority, in its discretion, to grant Awards under the Plan and to determine
the terms and conditions (which need not be identical) of all Awards so granted,
including without limitation, (a) the individuals to whom, and the time or times
at which, Awards shall be granted or awarded, (b) the number of shares of Class
A Common Stock to be subject to each Award, (c) when an Option can be exercised
and whether in whole or in installments, and (d) the form, terms and provisions
of any Agreement (which terms may be amended, subject to Article XIII).

          SECTION 4.02.  Factors to Consider.  In making determinations
                         --------------------
hereunder, the Board may take into account the nature of the services rendered
by the respective directors and employees, their dedication and past
contributions to the Company and its Subsidiaries, their present and potential
contributions to the success of the Company and its Subsidiaries and such other
factors as the Board in its discretion shall deem relevant.

          SECTION 4.03.  Interpretation.  Subject to the express provisions of
                         ---------------
the Plan, the Board shall have plenary authority to interpret the Plan, to
prescribe, amend and rescind the rules and regulations relating to it and to
make all other determinations deemed necessary or advisable for the
administration of the Plan.  The determinations of the Board on the matters
referred to in this Article IV shall be conclusive.
<PAGE>

          SECTION 4.04.  Delegation to Committee.  Notwithstanding anything to
                         ------------------------
the contrary contained herein, the Board may at any time, or from time to time,
appoint a Committee and delegate to such Committee the authority of the Board to
administer the Plan, including to the extent provided by the Board, the power to
further delegate such authority.  Upon such appointment and delegation, any such
Committee shall have all the powers, privileges and duties of the Board in the
administration of the Plan to the extent provided in such delegation, except for
the power to appoint members of the Committee and to terminate, modify or amend
the Plan.  The Board may from time to time appoint members of any such Committee
in substitution for or in addition to members previously appointed, may fill
vacancies in such Committee and may discharge such Committee.

          Any such Committee shall hold its meetings at such times and places as
it shall deem advisable.  A majority of members shall constitute a quorum and
all determinations shall be made by a majority of such quorum.  Any
determination reduced to writing and signed by all of the members shall be fully
as effective as if it had been made by a majority vote at a meeting duly called
and held.

                                   ARTICLE V
                                  Eligibility
                                  -----------

          Awards may be made only to (a) directors, employees, including
officers and directors who are also employees, of, and consultants to, the
Company or any of its Subsidiaries, (b) prospective employees of the Company or
any of its Subsidiaries and (c) any other individuals providing services to the
Company or any of its Subsidiaries.  The exercise of Options granted to a
prospective employee shall be conditioned upon such person becoming an employee
of the Company or any of its Subsidiaries.  For purposes of the Plan, the term
"prospective employee" shall mean any person who holds an outstanding offer of
employment on specific terms from the Company or any of its Subsidiaries.
Awards may be made to employees who hold or have held Awards under this Plan or
any similar or other awards under any other plan of the Company or its
Subsidiaries.
<PAGE>

                                  ARTICLE VI
                                    Options
                                    -------

          SECTION 6.01.  Option Price.  The purchase price of the shares of
                         -------------
Class A Common Stock under each Option shall be determined by the Board and set
forth in the applicable Agreement, but shall not be less than 100% of the Fair
Market Value of such shares on the date of grant.

          SECTION 6.02.  Term of Options.  The term of each Option shall be for
                         ----------------
such period as the Board shall determine, as set forth in the applicable
Agreement, but not more than 10 years from the date of grant.

          SECTION 6.03.  Exercise of Options.  An Option granted under the Plan
                         --------------------
shall become (and remain) exercisable during the term of the Option to the
extent provided in the applicable Agreement and this Plan and, unless the
Agreement otherwise provides, may be exercised to the extent exercisable, in
whole or in part, at any time and from time to time during such term; provided,
                                                                      --------
however, that subsequent to the grant of an Option, the Board, at any time
-------
before complete termination of such Option, may accelerate the time or times at
which such Option may be exercised in whole or in part (without reducing the
term of such Option).  The Agreement may contain conditions precedent to the
exercisability of Options, including without limitation, the achievement of
minimum performance criteria.

          SECTION 6.04.  Manner of Exercise.  Payment of the Option purchase
                         -------------------
price shall be made in cash or in whole shares of Class A Common Stock already
owned by the person exercising an Option or, partly in cash and partly in such
shares of Class A Common Stock; provided, however, that such payment may be made
                                --------  -------
in whole or in part in  shares of Class A Common Stock held for six months and
only if and to the extent permitted by the applicable Agreement.  The Company
shall effect the transfer of the shares purchased under the Option as soon as
practicable.  No Holder or other person exercising an Option shall have any of
the rights of a stock holder of the Company with respect to shares of Class A
Common Stock subject to an Option granted under the Plan until due exercise and
full payment has been made.

          SECTION 6.05.  Limited Transferability of Options.  Except as set
                         -----------------------------------
forth in this Section 6.05 and Article XX, Options shall not be transferable
other than by will or the laws of descent and distribution, and Options may be
<PAGE>

exercised during the lifetime of the Holder thereof only by such Holder (or his
or her court appointed legal representative).  The Agreement may provide that
Options are transferable by gift to such persons or entities and upon such terms
and conditions specified in the Agreement.

          SECTION 6.06.  Adjustment of Options.  Upon the issuance or redemption
                         ----------------------
of shares of Class A Common Stock in the Company, the number of shares available
under the Plan and the number of shares of Class A Common Stock subject to
outstanding Options shall be equitably adjusted as determined by the Board in
its sole discretion to prevent inappropriate dilution or enlargement of the
economic interest represented by such Options.

          SECTION 6.07.  Section 83(b) election.  Unless the Board determines
                         -----------------------
otherwise, an individual exercising an Option will be required to make a timely,
valid election under Section 83(b) of the Code.

          SECTION 6.08.  Tax Treatment of Exercise.  Solely for purposes of
                         -------------------------
determining the appropriate tax treatment of  the Class B Stockholders and the
Holder, upon exercise of an Option, a Holder will be treated as if the Company
paid him or her an amount equal to the aggregate difference between the exercise
price and the Fair Market Value of the shares of Class A Common Stock subject to
the Option and the Holder then purchased from the Company for cash the
applicable number of shares of Class A Common Stock at the then-current Fair
Market Value of such shares.

                                  ARTICLE VII
                            Acceleration of Options
                            -----------------------

          Notwithstanding any contrary waiting period or installment period in
any Agreement or in the Plan, or unless the applicable Agreement provides
otherwise, if a Holder's employment shall terminate by reason of death or Total
Disability, or in the event of any Approved Transaction or Board Change each
outstanding Option granted under the Plan shall immediately become exercisable
in full in respect of the aggregate number of shares of Class A Common Stock
covered thereby.
<PAGE>

                                 ARTICLE VIII
                           Termination of Employment
                           -------------------------

          SECTION 8.01.  General. If a Holder's employment shall terminate prior
                         --------
to the complete exercise of an Option, then such Option shall thereafter be
exercisable in accordance with the provisions of the applicable Agreement
(including the provisions of any other agreement referred to in the Agreement);
provided, however, that (a) no Option may be exercised after the scheduled
--------  -------
expiration date of such Option; (b) if the Holder's employment terminates by
reason of death or Total Disability, Options shall remain exercisable for a
period of at least one year following such termination (but not later than the
scheduled expiration of such Option); and (c) any termination by the employing
company for cause will be treated in accordance with the provisions of Section
8.02.

          SECTION 8.02.  Termination for Cause. If a Holder's employment with
                         ----------------------
the Company or any of its Subsidiaries shall be terminated for cause, by the
Company or such Subsidiary prior to the exercise of any Option, then all Options
held by such Holder and any permitted transferee pursuant to Section 6.05 shall
immediately terminate For the purposes of this Section 8.02, cause shall have
the meaning ascribed thereto in any employment agreement to which such Holder is
a party.  In the absence of an employment agreement, cause means (a)
insubordination, (b) dishonesty, (c) moral turpitude, (d) the Holder's refusal
to perform his duties and responsibilities for any reason other than illness or
incapacity, or (e) fraud, misappropriation, embezzlement, operation of a Company
vehicle when intoxicated or other behavior that in the opinion of counsel to the
Company (which opinion will be conclusive) constitutes a misdemeanor or felony
under applicable law, regardless of whether the Holder is actually prosecuted
for or convicted of an offense; provided, however, that if such termination
                                --------  -------
occurs within 12 months after an Approved Transaction or Board Change,
termination for cause in the absence of an employment agreement shall mean only
a felony conviction

          SECTION 8.03.  Miscellaneous. The Board may determine whether any
                         --------------
given leave of absence constitutes a termination of employment. Awards made
under the Plan shall not be affected by any change of employment so long as the
Holder continues to be an employee of the Company or one of its Subsidiaries.
<PAGE>

                                  ARTICLE IX
                   Right of Company to Terminate Employment
                   ----------------------------------------

          Nothing contained in the Plan or in any Award shall confer on any
Holder any right to continue in the employ of the Company or any of its
Subsidiaries or interfere in any way with the right of the Company or a
Subsidiary to terminate the employment of the Holder at any time, with or
without cause; subject, however, to the provisions of any employment agreement
between the Holder and the Company or any of its Subsidiaries.

                                   ARTICLE X
                           Nonalienation of Benefits
                           -------------------------

          Except as specifically provided in Section 6.05 and Article XX, no
right or benefit under the Plan shall be subject to anticipation, alienation,
sale, assignment, hypothecation, pledge, exchange, transfer, encumbrance or
charge, and any attempt to anticipate, alienate, sell, assign, hypothecate,
pledge, exchange, transfer, encumber or charge the same shall be void.  No right
or benefit hereunder shall in any manner be liable for or subject to the debts,
contracts, liabilities or torts of the person entitled to such benefits.
<PAGE>

                                  ARTICLE XI
                               Written Agreement
                               -----------------

          Each grant of an Option shall be evidenced by an Option Agreement in
such form and containing such terms and provisions not inconsistent with the
provisions of the Plan as the Board from time to time shall approve; provided,
                                                                     --------
however, that such Awards shall be evidenced by a single agreement.  The
-------
effective date of the granting of an Award shall be the date on which the Board
approves such grant. Each grantee of an Option shall be notified promptly of
such grant and a written Agreement shall be promptly executed and delivered by
the Company and the grantee; provided that such grant of Options shall terminate
                             -------- ----
if such written Agreement is not signed by such grantee (or his attorney) and
delivered to the Company within 90 days after the date the Agreement is sent to
such grantee for signature.  Any such written Agreement may contain (but shall
not be required to contain) such provisions as the Board deems appropriate to
ensure that the penalty provisions of section 4999 of the Code will not apply to
any stock or cash received from the Company or any of its Subsidiaries by the
Holder or a transferee of such Holder if the Award, or any part thereof, has
been transferred pursuant to Section 6.05 or Article XX.

                                  ARTICLE XII
                            Right of First Refusal
                            ----------------------
<PAGE>

          The Agreement may contain such provisions as the Board shall determine
to the effect that if a Holder, or such other person exercising an Option,
elects to sell all or any shares of Class A Common Stock that such Holder or
other person acquired upon the exercise of an Option awarded under the Plan,
then such Holder or other person shall not sell such shares unless such Holder
or other person shall have first offered in writing to sell such shares to the
Company at Fair Market Value on a date specified in such offer (which date shall
be at least three business days and not more than 10 business days following the
date of such offer).  If the Company does not accept such offer within 10 days,
the shares may be sold on terms no more favorable than those offered to the
Company.  If the shares (i) are not sold within 10 days of the date the Company
declined to purchase such shares or (ii) would be sold on terms more favorable
than those offered to the Company, the holder of the shares must again offer the
shares for sale to the Company in accordance with this Article XII before any
subsequent sale of such shares.  Any transfer of shares that occurs after any
violation of this Article XII shall be null and void.

                                 ARTICLE XIII
                           Termination And Amendment
                           -------------------------

          SECTION 13.01.  General.  Unless the Plan shall theretofore have been
                          --------
terminated as hereinafter provided, no Awards may be made under the Plan on or
after the tenth anniversary of the Effective Date. The Board may at any time
prior to the tenth anniversary of the Effective Date terminate the Plan, and the
Board may at any time modify or amend the Plan in such respects as it shall deem
advisable. The Company will at all times maintain a current copy of the Plan on
its intranet site, which will be updated to include amendments and will upon
request of a Holder provide a hard copy of the most current version.  No further
notice of Plan modifications is required.

          SECTION 13.02.  Modification.  No termination, modification or
                          -------------
amendment of the Plan may, without the consent of the person to whom any Award
shall theretofore have been granted (or a transferee of such person if the
Award, or any part thereof, has been transferred pursuant to Section 6.05 or
Article XX), adversely affect the rights of such person with respect to such
Award.  No modification, extension, renewal or other change in any Award granted
<PAGE>

under the Plan shall be made after the grant of such Award, unless the same is
consistent with the provisions of the Plan.  With the consent of the Holder (or
a transferee of such Holder if the Award, or any part thereof, has been
transferred pursuant to Section 6.05 or Article XX) and subject to the terms and
conditions of the Plan (including Section 13.01), the Board may amend
outstanding Agreements with any Holder (or any such transferee), including,
without limitation, any amendment which would (a) accelerate the time or times
at which the Award may be exercised and/or (b) extend the scheduled expiration
date of the Award.  Without limiting the generality of the foregoing, the Board
may, but solely with the Holder's consent, agree to cancel any Award under the
Plan held by such Holder and issue a new Award in substitution therefor;
provided that the Award so substituted shall satisfy all of the requirements of
-------- ----
the Plan as of the date such new Award is made.

          SECTION 13.03.  Sale or Merger Transaction.
                          --------------------------

          (a)  The Board shall have the right to require all Holders to
participate in a sale or merger transaction and to sell their shares of Class A
Common Stock to a third party purchaser in connection with such sale or merger.
Such right shall be exercisable by written notice (the "Buyout Notice") given to
each Holder which shall state (i) that there has been a proposal to effect the
sale of the Class A Common Stock, par value $.01 per share, of the Company to
such third party purchaser, (ii) the proposed purchase price per share to be
paid by the third party purchaser, and (iii) the name of the third party
purchaser, and to which shall be attached a copy of all writings between such
selling stockholder and the other parties to such transaction necessary to
establish the terms of such transaction.  Each such Holder agrees that, upon
receipt of a Buyout Notice, each such Holder shall be obligated to sell his
Option Interests upon the terms and conditions of such transaction (and
otherwise take all reasonably necessary action to cause consummation of the
proposed transaction, including voting any such Option Interest in favor of such
transaction).  The third party purchaser shall furnish evidence reasonably
satisfactory to the Board to the effect that it has the financial ability to
consummate the proposed purchase of the Interests of all of the stockholders.
For purposes of this paragraph, "Holder" means a person who holds an unexercised
Option or who holds shares of Class A Common Stock acquired upon exercise of an
Option.  The term "Option Interest" means either an Option or a share of
<PAGE>

Class A Common Stock acquired pursuant to exercise of an Option.

                                  ARTICLE XIV
                           Effectiveness of the Plan
                           -------------------------

          The Plan became effective on August 5, 1998, upon approval by the
affirmative vote of a majority of the members of the Management Committee of
Time Warner Telecom LLC, the predecessor of the Company.  Pursuant to Article
XIII, this amended and restated Plan became effective on June 10, 1999, upon
approval by the affirmative vote of a majority of the Board of Directors of the
Company.

                                  ARTICLE XVI
                       Government and Other Regulations
                       --------------------------------

          The obligation of the Company with respect to Awards shall be subject
to all applicable laws, rules and regulations and such approvals by any
governmental agencies as may be required, including, without limitation, the
effectiveness of any registration statement required under the Securities Act of
1933, and the rules and regulations of any applicable securities exchange.

                                  ARTICLE XVI
                                  Withholding
                                  -----------

          The Company's obligation to deliver shares of Class A Common Stock in
respect of any Award under the Plan shall be subject to applicable Federal,
state and local tax withholding requirements.  Federal, state and local
withholding taxes paid upon the exercise of any Option may be paid in shares of
Class A Common Stock upon such terms and conditions as the Board shall
determine; provided, however, that the Board in its sole discretion may
           --------  -------
disapprove such payment and require that such taxes be paid in cash.
<PAGE>

                                 ARTICLE XVII
                                 Separability
                                 ------------

          If any of the terms or provisions of this Plan conflict with the
requirements of applicable law or applicable rules and regulations thereunder,
including the applicable requirements, if any, of Section 162(m) of the Code or
Rule 16b-3 under the Exchange Act, then such terms or provisions shall be deemed
inoperative to the extent necessary to avoid the conflict with applicable law,
or applicable rules and regulations, without invalidating the remaining
provisions hereof.

                                 ARTICLE XVIII
                          Non-Exclusivity of the Plan
                          ---------------------------

          Neither the adoption of the Plan by the Board nor the submission of
the Plan to the Board of Directors of the Company for approval shall be
construed as creating any limitations on the power of the Board to adopt such
other incentive arrangements as it may deem desirable, including, without
limitation, the granting of stock options and the awarding of stock and cash
otherwise than under the Plan, and such arrangements may be either generally
applicable or applicable only in specific cases.

                                  ARTICLE XIX
            Exclusion from Pension and Profit-Sharing Computation.
            ------------------------------------------------------

          By acceptance of an Award, each Holder shall be deemed to have agreed
that such Award is special incentive compensation that will not be taken into
account, in any manner, as salary, compensation or bonus in determining the
amount of any payment under any pension, retirement or other employee benefit
plan of the Company or any of its Subsidiaries. In addition, each beneficiary of
a deceased Holder shall be deemed to have agreed that such Award will not affect
the amount of any life insurance coverage, if any, provided by the Company or
any of its Subsidiaries on the life of the Holder which is payable to such
beneficiary under any life insurance plan covering employees of the Company or
any of its Subsidiaries.
<PAGE>

                                  ARTICLE XX
                                 Beneficiaries
                                 -------------

          Each Holder may designate any person(s) or legal entity(ies),
including his or her estate, as his or her beneficiary under the Plan.  Such
designation shall be made in writing on a form filed with the Secretary of the
Company or his or her designee and may be revoked or changed by such Holder at
any time by filing written notice of such revocation or change with the
Secretary of the Company or his or her designee.  If no person shall be
designated by a Holder as his or her beneficiary or if no person designated as a
beneficiary survives such Holder, the Holder's beneficiary shall be his or her
estate.

                                  ARTICLE XXI
                                 Governing Law
                                 -------------

          The Plan shall be governed by, and construed in accordance with, the
laws of the State of New York.<PAGE>

                                 EXHIBIT 10.5

                             EMPLOYMENT AGREEMENT

     Employment Agreement made as of January 17, 2000, effective as of January
1, 2000, between TIME WARNER TELECOM INC., a Delaware corporation (the
"Company"), and the employee whose name appears on the last page hereof (the
"Employee"). The Company shall employ the Employee 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 an initial term
commencing on January 1, 2000 (the "Effective Date") and ending, subject to
renewal or termination as provided herein, on the December 31 immediately prior
to the fifth anniversary of the Effective Date (the "Initial Term"); provided,
however, that this Agreement shall automatically continue for successive one
month periods thereafter (each such period being an "Additional Term") unless
either party has delivered written notice of termination to the other party no
later than six months prior to the end of the Initial Term or 60 days prior to
the end of any Additional Term. Sections 8, 10 through 22 and 24 through 28
shall survive any termination of Employee's employment under this Agreement. The
Employee hereby covenants that as of the Effective Date any agreement between
Employee and the Company, Time Warner Cable, US WEST, Inc. or MediaOne Group,
Inc., respectively, or any of their affiliates, entered into prior to the date
hereof, relating to Employee's employment with such entity, shall terminate as
of, or have been terminated prior to, the Effective Date.

     2. Duties. Employee shall serve as President and Chief Executive Officer 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
<PAGE>

policies on vacations, illness, government service, etc. applicable to employees
at Employee's level in effect from time to time), 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
policies and procedures in effect from time to time. Unless Employee otherwise
consents, the headquarters for the performance of Employee's services shall be
the principal executive offices of the Company in the Denver, Colorado area,
subject to such reasonable travel as may be appropriate or required in the
performance of Employee's duties in the business of the Company.

     3. Compensation. The Company shall pay or cause to be paid to Employee,
during the term of employment, an annual salary in respect of each calendar year
at the rate of not less than $312,012.33 per annum. The Company may increase,
but not decrease, such annual salary at any time and from time to time during
the term of employment. In addition to annual salary, Employee may be entitled
to receive an annual bonus in respect of each calendar year based on a target
percentage of the salary paid to Employee during such calendar year of 75%.
Subject to Section 5, and the second paragraph of this Section 3, Employee
acknowledges that his or her actual annual bonus may vary and range from 0% to
150% of the target amount, depending on actual performance of the Company and
Employee.

     Subject to Section 5 and the second sentence of this Section 3, the Company
shall determine, in its sole discretion, the amount of any salary increase, the
amount of any annual bonus and whether to increase the target percentage of
Employee's annual bonus. The payment of any bonus compensation shall be made in
accordance with the Company's then current practices and policies, including
without limitation, less the usual required payroll deductions and withholding.

     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
in the performance of his or her duties hereunder,
<PAGE>

if properly substantiated and submitted.

     4. Benefits. Employee shall be eligible to participate in any pension,
profit-sharing, employee stock ownership, 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. The Company reserves the
right to amend or cancel any such Benefit Plan in its sole discretion.

     5. Termination by Employee Following a Change in Control.

        (a) 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
following a Change in Control, indicating in such notice which event has
occurred:

                  A. A change in the location of Employee's office or 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; or

                  C. Any material breach of this Agreement by the Company.
<PAGE>

          (b) Upon the expiration of the 30-day notice period provided in
Section 5(a), Employee shall be relieved of his or her management position with
the Company and his or her duties hereunder. In the notice delivered by Employee
to the Company pursuant to Section 5(a), Employee shall elect either (A) to
terminate his or her employment with the Company, in which case Employee shall
receive: (x) subject to the terms thereof, all benefits which may be due to
Employee under the provisions of any Benefit Plan; and (y) in a lump sum
severance payment, within 30 days following the effective date of such
termination, the present value (using the discount rate described below) of an
amount equal to the sum of the annual salary at the rate in effect on the date
of termination of employment or immediately prior to the Change in Control,
whichever is greater, plus an annual bonus in a minimum amount equal to
Employee's then applicable target bonus amount or the Employee's applicable
target bonus amount in effect immediately prior to the Change in Control,
whichever is greater, for the remainder of the existing term of this Agreement,
without any further renewal or continuation, provided that such amount shall be
not less than the sum of such salary and bonus pro rated for an 18-month period;
or (B) to remain an employee of the Company for a period (as determined by
Employee) of up to 18 months following the date notice of termination is given
by Employee pursuant to Section 5(a), in which case Employee shall be relieved
of his or her management position with the Company and his or her duties
hereunder, and shall (i) continue to receive both salary, based on a rate equal
to his or her annual rate in effect on the date of giving notice of termination
of employment or immediately prior to the Change in Control, whichever is
greater, and annual bonuses in respect of such period (in each case payable
within 30 days after the end of the respective calendar year and prorated for
any portion of a year), each such bonus to be based on an amount equal to
Employee's then applicable target bonus amount or the Employee's applicable
target bonus amount in effect immediately prior to the Change in Control,
whichever is greater, and (ii) receive a discounted lump sum payment pursuant to
Section 5(b)(A)(y) for any portion of the Initial Term remaining after such
period; provided, however, that if Employee accepts full-time employment with
any other corporation, partnership, trust, government or other
<PAGE>

entity ("Entity") during such 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 a discounted lump sum cash payment for the balance of the
salary and bonuses Employee would have been entitled to receive pursuant to this
Section 5(b)(B) had Employee remained on the Company's payroll until the end of
the Initial Term or such 18 month period, whichever is greater; provided,
further, however , that Employee shall not be entitled to receive any 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 an Entity which, directly or indirectly, controls, is controlled by
or is under common control with, the Company or Time Warner Inc. ("TWI").

          In addition, whether Employee elects 5(b)(A) or 5(b)(B), for a period
of the earlier of one year from the date of termination of employment or the
date Employee is eligible to receive health benefits by virtue of other
employment, Employee shall receive continued eligibility and enrollment
(including family coverage, if any), without a premium charge therefor, 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).

          Any lump sum payments required to be made pursuant to this Section
5(b) shall be discounted to present value from the times at which such amounts
would have been paid absent any such termination at an annual discount rate for
the relevant period equal to the "applicable Federal rate" (within the meaning
of Section 1274(d) of the Internal Revenue Code of 1986 (the "Code')),
compounded semi-annually, in effect on the date of such termination, the use of
which rate
<PAGE>

is hereby elected by the Company and Employee pursuant to Treas. Reg. (S)
1.28OG-1Q/A32 (provided that in the event such election is not permitted, such
other rate determined as of such other date as is applicable for determining
present value under Section 280G of the Code shall be used).

     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
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. 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 termination by
action of the Company's Board of Directors or any committee thereof because of
Employee's conviction (treating a nolo contendere plea as a conviction) of a
felony (whether or not any right to appeal has been exercised) or willful
refusal without proper cause to perform his or her obligations under this
Agreement or because of Employee's material breach of the covenants provided for
in Sections 10, 11 and 12 of this Agreement. In the event (i) such termination
is because of the Employee's willful refusal without proper cause to perform any
one or more of his obligations under this Agreement, (ii) such notice is the
first such notice of termination for any reason delivered by the Company to the
Employee under this Section 6(a), and (iii) within 10 days following the date of
such notice the Employee shall cease his or her refusal and shall use his or
her best efforts to perform such obligations, the termination shall not be
effective.

         (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.
<PAGE>

          (i)  If such notice is so given to Employee, 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 to elect, within 30
days after receiving such notice, to receive either a lump sum severance payment
in the amount, and upon the terms and conditions, provided in Section 5(b)(A)
and calculated as set forth in the last paragraph of Section 5(b), or to remain
an employee of the Company upon the terms and conditions provided in Section
5(b)(B); provided, however, that (i) any reference therein to Section 5(a) shall
be deemed for purposes of this Section 6(b) to be a reference to this Section
6(b)(i), and (ii) if a Change in Control has not occurred, then (x) Employee's
salary shall be determined with reference to his or her then current annual
salary and (y) Employee's annual bonus shall equal at least the Employee's
target amount immediately prior to Employee's termination under this Section
6(b)(i).

          (ii) For the period beginning when Employee receives notice of
termination from the Company pursuant to this Section 6(b), and ending six
months thereafter, Employee will, without charge to Employee, have use of
reasonable office space and reasonable office facilities at Employee's principal
job location immediately prior to his or her termination of employment, or other
location reasonably close to such location, together with reasonable secretarial
services in each case appropriate to an employee of Employee's position and
responsibilities prior to such termination of employment but taking into account
Employee's reduced need for such office space and secretarial services. Employee
will continue to be eligible to participate in the Company's Benefit Plans and
to receive, subject to the terms thereof, all benefits, which are received by
other employees at Employee's level thereunder other than options or similar
equity-based or incentive awards.
<PAGE>

          (iii) In the event that Employee's employment is terminated prior to
the occurrence of a Change in Control, or more than three years following a
Change in Control, 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 in the form as set forth in Exhibit A. The
Company shall deliver such release to Employee at the time the Company delivers
notice of termination pursuant to this Section 6(b). Employee shall execute and
deliver such release to the Secretary of the Company within 21 days of receipt
of notice of termination. If Employee shall fail to execute and deliver to the
Company such release within 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), a lump sum cash payment in an amount
determined in accordance with the personnel policies of the Company then
applicable.

     7. Death; Disability.
        -----------------

         (a) Death. If Employee shall die while employed by the Company,
Employee's employment under this Agreement shall thereupon terminate and
Employee's estate or beneficiaries, as the case may be, shall be entitled to
receive as promptly as practicable but in any event within 30 days after
reasonably satisfactory evidence of Employee's death is received by the Company
(i) any earned and unpaid salary accrued to Employee through the period ending
30 days following the date of Employee's death and a pro rata portion of the
target annual bonus amount in effect immediately prior to Employee's death; and
(ii) subject to the terms thereof, any benefits which may be due to Employee's
estate or beneficiaries under the provisions of any Benefit Plan.

         (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"),
<PAGE>

the Company may terminate the employment of Employee under this Agreement upon
written notice to Employee at any time and thereupon Employee shall be entitled
to receive (i) any earned and unpaid 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 (iii) a lump sum cash
payment equal to the sum of 75% of Employee's then current annual salary and
then applicable target annual bonus amount prorated for an 18-month period, less
the amount of any disability insurance proceeds payable to Employee under any
disability insurance policy or program covering Employee.

     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.

     9. Change in Control. For purposes of this Agreement, a "Change in Control"
of the Company shall be deemed to have occurred at such time as TWI, MediaOne
Group, Inc. and Advance/Newhouse Partnership (and their respective affiliates)
(collectively, the "Founding Stockholders") as a group cease to have the ability
to elect a majority of the Board of Directors of the Company (other than the
chief executive officer of the Company and independent directors; provided that
independent directors shall be included in calculating whether the foregoing
majority requirement is satisfied if the directors nominated by the Founding
Stockholders (and their respective affiliates) do not constitute a majority of
the committee that selects the Board of Directors' nominees for independent
representatives) and a "person" or "group" (within the meaning of Sections 13(d)
and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act")) (other than the Founding Stockholders and their respective affiliates)
has become the ultimate "beneficial owner" (as defined in Rule l3d-3 under the
Exchange Act) of more than 35% of the total voting
<PAGE>

power of the voting interests of the Company on a fully diluted basis and such
ownership represents a greater percentage of the total voting power of the
voting interests of the Company, on a fully diluted basis, than is held by the
Founding Stockholders (and their respective affiliates) as a group on such date.

     10. Trade Secrets; Work Products, 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 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
<PAGE>

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.

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

         (a) Employee will not at any time during the Term of employment and for
a period of one year following the date a notice of termination of Employee's
employment is terminated (i.e., Employee is no longer considered an employee
for payroll purposes) as provided herein, be or become an officer, director,
partner or employee of or consultant to or act in any 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 B hereto);
provided, however, that (i) 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, and (ii) in the event Employee is terminated pursuant
to Section 6(b) and notice of termination is so given to Employee following the
occurrence of a Change in Control, Employee is hereby permitted to accept
employment with any Founding Stockholder and such employment shall not violate
the provisions of this Section 11.

         (b) Employee will not at any time during the Term of employment and for
a period of one year after the date Employee's employment is terminated as
provided herein, 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 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.

<PAGE>

          For the purposes of this Section 11(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
evaluation of an employee of the Company or any of its subsidiaries or
Affiliates.

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

          (a)  Following termination of Employee's employment with the Company
for any reason 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.

     13.  Breach by Employee.  Employee hereby expressly covenants and agrees
that the Company will suffer irreparable damage in the event any provisions of
Sections 10, 11 and 12 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 Section 10, 11 and 12 resort to such equitable relief, however,
shall not constitute a waiver of any other rights or remedies which the Company
may have.

<PAGE>

     14.  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 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, to the extent desired, 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.

     15.  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 or sent by registered or certified mail or delivered, in
person, if to Employee at the address set forth on the last paragraph hereof, or
at such other address as Employee shall designate by written notice to the
Company, and if to the Company at 10475 Park Meadows Drive, Littleton, CO 80124,
attention of the Secretary or at such other address as the Company shall
designate by written notice to Employee.

     16.  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.

     17.  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 26,
which shall be governed by and construed and

<PAGE>

enforced in accordance with the laws of the State of Delaware.

          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.

     18.  Mitigation.  Employee shall have no obligation to mitigate damages in
the event of termination of Employee's employment under this Agreement under
Section 5(a), 6(b) or 7, other than as necessary to prevent the Company from
losing any tax deductions to which it otherwise would have been entitled for any
payments deemed to be "contingent on a change" under the Code and 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,
except as provided by this Section 18. It is acknowledged and agreed that any
payment which may be made by the Company to Employee under Section 5(b), 6(b) or
7 is in the nature of severance and is not a penalty payment.

     19.  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 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 Plan.

     20.  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.

<PAGE>

     21.  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 28, no policy,
procedure or practice of the Company whether now or hereafter in effect shall be
deemed to modify, amend or supersede any provision of this Agreement except as
contemplated or provided otherwise in this Agreement.

     22.  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.

     23.  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.

     24.  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.

     25.  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.

     26.  Indemnification.  The Company shall indemnify Employee to no lesser
extent than provided in the Company's By-laws on the date hereof (the provisions
of which are hereby incorporated by reference herein), notwithstanding any
changes or amendments to such By-laws after the date hereof adversely affecting,
limiting or reducing such indemnification.

<PAGE>

     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.  Changes.  Subject to Section 5, 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 and policies, practices or
procedures referred to in this Agreement, and all references herein to such
Benefit Plans and policies, practices and procedures shall be to such as from
time to time in effect prior to a Change in Control except as otherwise
specifically herein provided.

     29.  Beneficiaries.  Whenever this Agreement provides for any payment to
the Employee's estate, such payment may be made instead to such beneficiary or
beneficiaries as the Employee may designate in writing (using the form of
Beneficiary Designation attached hereto as Exhibit C) and file with the Company.
The Employee shall have the right to revoke such Beneficiary Designation and
redesignate a beneficiary by filing with the Company (and any applicable
insurance company) a later dated Beneficiary Designation to such effect.

<PAGE>

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

                                TIME WARNER TELECOM INC.

                                By: /s/ Glenn Britt
                                   ----------------------------------------
                                   Name: Glenn Britt
                                   Title: Director

Agreed to and accepted as of
the date first above written

/s/ Larissa L. Herda
--------------------------------------------
Name:  Larissa L. Herda
Title: President and Chief Executive Officer

Address for Notices:
517 Prospect Drive
------------------------
Castle Rock., Co 80104
------------------------

------------------------

<PAGE>

                                   EXHIBIT B
                                   ---------

     "Competitive Business Entity" shall mean any Entity which is engaged,
either directly or indirectly, in the ownership, operation or management of any
business that provides to customers at any location within the United States (or
its territories and dependencies) any telecommunications, any internet access
services or any other transport or network services for internet protocol based
information.

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

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