Document:

Exhibit 10.17

 Exhibit 10.17 
 

 
  

					
	TO:	  	David Harmon	  	                    

	FROM:	  	  
 Ron Grant, Chief Operating Officer                            
	  
			
	DATE:	  	October 15, 2007	  	
			
	SUBJECT:	  	Bonus Retention Program	  	

  
  
 This letter is to notify you that you are eligible to participate in a one-time Bonus Retention Program (“Bonus Program”) with AOL LLC (together with its
subsidiaries and affiliates, “AOL” or “the Company”). The purpose of this discretionary Bonus Program is to reward and retain qualified and motivated individuals. This letter sets forth the key terms and conditions of your
participation in the Bonus Program. 
 Bonus Periods:    The Bonus Program shall be effective from October 15, 2007
(“Commencement Date”) and shall end on September 30, 2009 (“End Date”). The Bonus Program will be divided into two discrete periods as follows: 
  

	 	•	 	 October 15, 2007 – September 30, 2008 (“Bonus Period 1”) 

  

	 	•	 	 October 1, 2008 – September 30, 2009 (“Bonus Period 2”) 

 Bonus Payments:    Subject to the Bonus Conditions set forth below, the total bonus amount for which you may be eligible shall be in accordance with the following schedule and calculation.
For purposes of this Bonus Program, your “Current Annual Salary” shall be your annual base pay in effect as of the date of this letter. 
  

	 	•	 	 Bonus Period 1:    One-time payment equal to 30% of your Current Annual Salary payable on or after September 30, 2008 (an amount equal to
$93,040.14) 

  

	 	•	 	 Bonus Period 2:    One-time payment equal to 70% of your Current Annual Salary payable on or after September 30, 2009 (an amount equal to
$217,093.67) 

 Bonus Conditions: Your eligibility for the Bonus Payments shall be subject to and dependent upon you meeting the
following conditions: 
  

	 	1.	You must be a full-time, active employee of the Company throughout the entire applicable Bonus Period. If your employment ends for any reason prior to the end of any Bonus Period,
you will not be entitled to any Bonus Payment (or any pro rata Bonus Payment) for that Bonus Period or any subsequent Bonus Period. If during any Bonus Period you move to another Time Warner entity, you will not be entitled to any Bonus Payment (or
any pro rata Bonus Payment) for that Bonus Period or any subsequent Bonus Period. 

  

	 	2.	Eligibility for participation in the Bonus Program shall be determined by the Chief Executive Officer of AOL and the senior executive of the Human Resources

  
 22000 AOL
Way        Dulles, VA 20166-9323    USA 

	 	 	department, at their sole discretion, and can be revised at any time for any reason not prohibited by law. 

  

	 	3.	You must perform your job satisfactorily throughout each Bonus Period and your performance rating in accordance with the Company’s annual review process must be “Fully
Meets Expectations” or higher at the time of payout to receive any Bonus Payment. 

  

	 	4.	Employees on an approved leave of absence during any Bonus Period shall receive a Bonus Payment only upon their return to work. Employees who do not return from a leave of absence
will not receive a Bonus Payment. 

  

	 	5.	Any Bonus Payment to which you may be entitled under this Bonus Program shall be paid, less applicable withholdings, on your next regularly scheduled pay date following the end of
the applicable Bonus Period, unless local law requires that it be paid sooner. 

  

	 	6.	You agree to comply with the current version of the Company’s Confidentiality, Noncompetition and Proprietary Rights Agreement. In addition, you agree not to make any
disparaging or untruthful remarks or statements about the Company, its officers, directors, employees or agents, and to comply with the Standards of Business Conduct and all other relevant policies of the Company. 

  

	 	7.	You agree to keep the existence and details of the Bonus Program, including your participation in the Bonus Program, strictly confidential. Any breach of this provision shall result
in forfeiture of your eligibility for future Bonus Payments or your return of the Bonus Payments to the Company if previously paid to you. 

 All other terms and conditions of your employment with the Company remain in full force and effect. Your employment with the Company remains at-will, unless otherwise provided in a separate writing signed by an authorized officer of the
Company. Nothing in this letter or the Bonus Program is intended to create a contract for employment or guarantee of continued employment with the Company for any period of time. The Company reserves the right to change the terms and conditions of
this discretionary Bonus Program at any time for any reason not prohibited by law, with or without notice to you. 
 Please sign and date one copy of this
letter and return it to Sara Dunn, HR Director, 36B:L09, if you wish to participate in this discretionary Bonus Program. If you have any questions, please do not hesitate to contact Dave Harmon or Sara Dunn. 
  
  

											
						
	ACCEPTED:	 	 /s/ David Harmon
	 		 	DATE:Exhibit 10.18

 Exhibit 10.18 
  

					
	 TO:
	  	David Harmon	 	

	  
 FROM:
	  	  
 Ron Grant, Chief Operating Officer
	 
			
	 DATE:
	  	November 5, 2007	 	
			
	 SUBJECT:
	  	Amendment of Bonus Retention Program	 	

  
  
 Thank you for being part of AOL’s future. Your performance and leadership are recognized and appreciated. We have amended the original Bonus Retention Program to
provide you with greater clarity around the intent of the Bonus Program, which is designed to allow you to focus on your work at AOL while at the same time reward you for results that we hope you will continue to deliver. 
 This letter amends the terms of the Bonus Program that you are participating in with AOL LLC (together with its subsidiaries and affiliates, “AOL” or “the
Company”), provided to you in a memorandum dated October 15, 2007. All terms used herein and not defined shall have the meaning given to them in the October 15, 2007 Bonus Program memorandum. 
 Paragraph 1 of the Bonus Conditions is hereby superseded in its entirety and replaced with the following: 
  

	 	1.	You must be a full-time, active employee of the Company throughout the entire applicable Bonus Period, subject to the following conditions: 

  

	 	a.	Prior to the end of any Bonus Period, if AOL terminates your employment without cause, as defined below, in exchange for your execution and delivery of a valid release of all claims
against the Company, you shall be entitled to receive any remaining, unpaid Bonus Payments under the Bonus Program. 

  

	 	b.	Prior to the end of any Bonus Period, if AOL terminates your employment for cause, as defined below, or if you resign your employment for any reason, you will not be entitled to any
Bonus Payment (or any pro rata Bonus Payment) for that Bonus Period or any subsequent Bonus Period. If during any Bonus Period you move to another Time Warner entity, you will not be entitled to any Bonus Payment (or any pro rata Bonus Payment) for
that Bonus Period or any subsequent Bonus Period. 

  

	 	c.	For purposes of this Paragraph, “cause” means: (i) your conviction of, or nolo contendere or guilty plea to, a felony (whether any right to appeal has been or may be
exercised); (ii) your failure, in the sole discretion of the Company, to satisfactorily perform your duties and responsibilities for the Company; (iii) fraud, embezzlement, misappropriation, or material destruction of Company property by
you; (iv) your breach of any statutory or common law duty of loyalty to the Company; (v) your violation of the CNPR Agreement or the Standards of Business Conduct; (vi) your improper conduct substantially prejudicial to the
Company’s business; or (vii) your failure to cooperate in any internal or external investigation involving the Company. 

 Paragraph 5 of the Bonus Conditions is hereby superseded in its entirety and replaced with the following: 
  

	 	5.	Any Bonus Payment to which you may be entitled under this Bonus Program shall be paid, less applicable withholdings, on your next regularly scheduled pay date following the end of
the applicable Bonus Period, unless local law requires that it be paid sooner. If AOL terminates your employment without cause prior to the end of any Bonus Period and you execute and deliver a valid release of all claims against the Company, AOL
will pay any remaining, unpaid Bonus Payments, less applicable withholdings, within four (4) weeks of its receipt of your executed release of claims. 

 Except as expressly modified herein, the terms and conditions of the Bonus Program remain in full force and effect. 
 Let me
reiterate our appreciation for what you bring to AOL. Please continue to lead, coach and deliver results as we move forward with another chapter in AOL’s story.Exhibit 10.19

 Exhibit 10.19 
 

 
 April 1, 2009 
 Mr. Ira
Parker 
 224 Lowell Road 
 Wellesley, MA 02481 
 Dear Ira, 
 This letter is to confirm our discussion that the Company will
extend the date by which you must initiate your relocation until March 31, 2010. 
 In addition, you will receive a one-time bonus in the amount of
$60,000, less any applicable taxes and withholdings, to cover commuting expenses while traveling between Boston, Dulles and New York during the period of April 1, 2009 through September 30, 2009. This bonus will be paid to you on the
second pay period following the execution of this agreement. If you voluntarily resign your employment with the Company within 6 months of the date of this letter, you agree that you will reimburse the Company a pro-rated amount of this bonus, at
the rate of $10,000 per month equal to the number of months between your resignation date and April 1, 2009. In addition, you agree that any monies you owe to the Company pursuant to the terms of this letter shall be deducted from your final
paycheck or any other payments that you may be entitled to from the Company at the time of your resignation. 
 If you are in agreement with this
arrangement, please sign and date one copy of this letter, and return it to Gillian Pon, VP of Total Rewards. 
 Sincerely, 
  

	
	
	
	/s/ Dave Harmon
	Dave Harmon
	EVP, Human Resources

  
  

					
	Accepted: __________________	 		 	Date: ___________________________

 22110 Pacific Boulevard         Creative Center
3         Dulles, VA     20166     USA

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