Document:

EX-10.2

 Exhibit 10.2 

Time Warner Inc. 2013 Stock Incentive Plan 

RSU Executive Agreement, Version 1 (2013RUEXC1) 

For Use from August 2013 

Restricted Stock Units Agreement 

General Terms and Conditions 

WHEREAS, the Company has adopted the Plan (as defined below), the terms of which are hereby incorporated by reference and made a part of this
Agreement; and 
 WHEREAS, the Committee has determined that it would be in the best interests of the Company and its stockholders to grant
the restricted stock units (the “RSUs”) provided for herein to the Participant pursuant to the Plan and the terms set forth herein. 

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree as follows: 

 

	1.	Definitions. Whenever the following terms are used in this Agreement, they shall have the meanings set forth below. Capitalized terms not otherwise defined herein shall have the same meanings as in the
Plan. 

  

	 	a)	“Cause” means “Cause” as defined in an employment agreement between the Company or any of its Affiliates and the Participant or, if not defined therein or if there is no such agreement,
“Cause” means (i) the Participant’s continued failure substantially to perform such Participant’s duties (other than as a result of total or partial incapacity due to physical or mental illness) for a period of ten
(10) days following written notice by the Company or any of its Affiliates to the Participant of such failure, (ii) dishonesty in the performance of the Participant’s duties, (iii) the Participant’s conviction of, or plea of
nolo contendere to, a crime constituting (A) a felony under the laws of the United States or any state thereof or (B) a misdemeanor involving moral turpitude, (iv) the Participant’s insubordination, willful malfeasance or
willful misconduct in connection with the Participant’s duties or any act or omission which is injurious to the financial condition or business reputation of the Company or any of its Affiliates, or (v) the Participant’s breach of any
non-competition, non-solicitation or confidentiality provisions to which the Participant is subject. The determination of the Committee as to the existence of “Cause” will be conclusive on the Participant and the Company.

  

	 	b)	“Disability” means “Disability” as defined in an employment agreement between the Company or any of its Affiliates and the Participant or, if not defined therein or if there shall be no
such agreement, “disability” of the Participant shall have the meaning ascribed to such term in the Company’s long-term disability plan or policy, as in effect from time to time, to the extent that such definition also constitutes
such Participant being considered “disabled” under Section 409A(a)(2)(C) of the Code. 

	 	c)	“Good Reason” means “Good Reason” as defined in an employment agreement between the Company or any of its Affiliates and the Participant or, if not defined therein or if there is no
such agreement, “Good Reason” means (i) the failure of the Company to pay or cause to be paid the Participant’s base salary or annual bonus when due or (ii) any substantial and sustained diminution in the Participant’s
authority or responsibilities materially inconsistent with the Participant’s position; provided that either of the events described in clauses (i) and (ii) will constitute Good Reason only if the Company fails to cure such
event within 30 days after receipt from the Participant of written notice of the event which constitutes Good Reason; provided, further, that “Good Reason” will cease to exist for an event on the sixtieth (60th) day following the later of its occurrence or the Participant’s knowledge thereof, unless the Participant has given the Company written notice of his or her termination of employment for
Good Reason prior to such date. 

  

	 	d)	“Notice” means (i) the Notice of Grant of Restricted Stock Units that accompanies this Agreement, if this Agreement is delivered to the Participant in “hard copy,” and
(ii) the screen of the website for the stock plan administration with the heading “Vesting Schedule and Details,” which contains the details of the grant governed by this Agreement, if this Agreement is delivered electronically to the
Participant. 

  

	 	e)	“Participant” means an individual to whom RSUs have been awarded pursuant to the Plan and shall have the same meaning as may be assigned to the terms “Holder” or “Participant”
in the Plan. 

  

	 	f)	“Performance Period” means the year with respect to which the Performance Target is set by the Committee pursuant to Section 4(b). 

 

	 	g)	“Performance Target” means the specific written objective goal or goals based on the criteria set forth in Section 9(b) of the Plan and that are timely approved by the Committee pursuant to
Section 9(b) of the Plan for the Participant for the applicable Performance Period. 

  

	 	h)	“Plan” means the equity plan maintained by the Company that is specified in the Notice, which equity plan has been provided to the Participant separately and forms a part of this Agreement, as
such plan may be amended, supplemented or modified from time to time. 

  

	 	i)	“Retirement” means a voluntary termination of employment by the Participant following the attainment of age 55 with ten (10) or more years of service as an employee or a director with the
Company or any Affiliate. 

  

	 	j)	“Severance Period” means the period of time following a termination of Employment during which a Participant is entitled to receive both salary continuation payments and continued participation
under the health benefit plans of the Company or any of its Affiliates, whether pursuant to an employment contract with, or a severance plan or other arrangement maintained by, the Company or any Affiliate. 

  
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	 	k)	“Shares” means shares of Common Stock of the Company. 

  

	 	l)	“Vesting Date” means each vesting date set forth in the Notice. 

  

	2.	Grant of Restricted Stock Units. The Company hereby grants to the Participant (the “Award”), on the terms and conditions hereinafter set forth, the number of RSUs set forth on the
Notice. Each RSU represents the unfunded, unsecured right of the Participant to receive a Share on the Vesting Date(s) specified herein, subject to the terms, conditions and Section 162(m) performance-based vesting requirements set forth
herein. RSUs do not constitute issued and outstanding shares of Common Stock for any corporate purposes and do not confer on the Participant any right to vote on matters that are submitted to a vote of holders of Shares. 

 

	3.	Dividend Equivalents, Retained Dividend Equivalents and Retained Distributions. If on any date while RSUs are outstanding hereunder the Company shall pay any regular cash dividend on the Shares,
(i) if the Committee has certified that the Performance Target has been satisfied, in accordance with Section 9(b) of the Plan, then, for each RSU held by the Participant on the record date, the Participant shall be paid an amount of cash
equal to the dividend paid on a Share (the “Dividend Equivalents”) or (ii) if the Committee has not yet certified that the Performance Target has been satisfied, in accordance with Section 9(b) of the Plan, then,
for each RSU held by the Participant on the record date, the Participant shall be credited with a bookkeeping entry in an amount equal to the dividend paid on a Share (the “Retained Dividend Equivalents”), with such payment
or crediting, as applicable, made at the time that such dividends are paid to holders of Shares. If on any date while RSUs are outstanding hereunder the Company shall pay any dividend other than a regular cash dividend or make any other distribution
on the Shares, the Participant shall be credited with a bookkeeping entry equivalent to such dividend or distribution for each RSU held by the Participant on the record date for such dividend or distribution, but the Company shall retain custody of
all such dividends and distributions unless the Board has in its sole discretion determined that an amount equivalent to such dividend or distribution shall be paid currently to the Participant (the “Retained Distributions”);
provided, however, that if the Retained Distribution relates to a dividend paid in Shares, the Participant shall receive an additional amount of RSUs equal to the product of (I) the aggregate number of RSUs held by the Participant
pursuant to this Agreement through the related dividend record date, multiplied by (II) the number of Shares (including any fraction thereof) payable as a dividend on a Share. Retained Distributions and Retained Dividend Equivalents will not bear
interest and will be subject to the same restrictions as the RSUs to which they relate. Unless they are forfeited pursuant to Section 4(b), the Retained Dividend Equivalents will be paid to the Participant promptly, but not more than 60 days,
after the Committee certifies that the Performance Target for such RSUs has been achieved, in accordance with Section 9(b) of the Plan. Notwithstanding anything else contained in this paragraph 3, no payment of Dividend Equivalents, Retained
Dividend Equivalents or Retained Distributions shall occur before the first date on which a payment could be made without subjecting the Participant to tax under the provisions of Section 409A of the Internal Revenue Code of 1986, as amended
(the “Code”). 

  
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	4.	Vesting and Delivery of Vested Securities.  

  

	 	a)	Except as otherwise provided in paragraphs 5, 6 and 7, the vesting of the RSUs in the Award and any Retained Distributions relating thereto shall occur only if (i) the Participant has continued in Employment of the
Company or any of its Affiliates on the Vesting Date and has continuously been so employed since the Date of Grant (as defined in the Notice) and (ii) the Performance Target for the Performance Period has been achieved, as certified by the
Committee in accordance with Section 9(b) of the Plan. Subject to the requirements and limitations in the immediately preceding sentence and the other terms and provisions of this Agreement and the Plan, no later than 60 days after the later of
(x) each Vesting Date with respect to the Award and (y) the certification by the Committee of the achievement of the Performance Target, the Company shall issue or transfer to the Participant the number of Shares corresponding to such
Vesting Date and the Retained Dividend Equivalents and Retained Distributions, if any, covered by that portion of the Award. 

  

	 	b)	Section 162(m) Vesting Requirement. The Award is subject to performance vesting requirements based on the achievement of the Performance Target for the Performance Period and the certification of achievement
of such Performance Target by the Committee pursuant to Section 9(b) of the Plan. The Performance Target shall be established by the Committee for the Award no later than 90 days following the beginning of the Performance Period that applies to
the Award. If the Performance Target for the Award is not satisfied, all of the RSUs in the Award and any Retained Dividend Equivalents and Retained Distributions will be forfeited immediately, including any RSUs in the Award and any Retained
Dividend Equivalents and Retained Distributions related thereto with respect to which a Vesting Date occurred on or before the date the Committee determined the Performance Target was not satisfied. The Performance Period shall be (i) the
calendar year in which the Award is granted if the Award is granted prior to April 1 or (ii) the first full calendar year ending after the grant of the Award if the Award is granted on or after April 1. 

 

	 	c)	RSUs Extinguished. Upon each issuance or transfer of Shares in accordance with this Agreement, a number of RSUs equal to the number of Shares issued or transferred to the Participant shall be extinguished and
such number of RSUs will not be considered to be held by the Participant for any purpose. 

  

	 	d)	Final Issuance. Upon the final issuance or transfer of Shares, Retained Dividend Equivalents and Retained Distributions, if any, to the Participant pursuant to this Agreement, in lieu of a fractional Share, the
Participant shall receive a cash payment equal to the Fair Market Value of such fractional Share. 

  
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	 	e)	Section 409A. Notwithstanding anything else contained in this Agreement, no Shares shall be issued or transferred to a Participant before the first date on which a payment could be made without subjecting
the Participant to tax under the provisions of Section 409A of the Code. 

  

	5.	Termination of Employment. 

  

	 	(a)	If the Participant’s Employment with the Company and its Affiliates is terminated by the Participant for any reason other than those described in clauses (b), (c) and (d) below prior to the Vesting Date
with respect to any portion of the Award, then the RSUs covered by any such portion of the Award and all Retained Dividend Equivalents and Retained Distributions relating thereto shall be completely forfeited on the date of any such termination,
unless otherwise provided in an employment agreement between the Participant and the Company or an Affiliate. 

  

	 	(b)	If the Participant’s Employment terminates as a result of his or her death or Disability, then, to the extent the RSUs were not extinguished or forfeited prior to such termination of Employment, the RSUs and all
Retained Dividend Equivalents and Retained Distributions relating thereto shall fully vest on the date of any such termination, and Shares subject to the RSUs shall be issued or transferred to the Participant (along with the Retained Dividend
Equivalents and Retained Distributions relating thereto) as soon as practicable, but no later than 60 days, following such termination of Employment. 

  

	 	(c)	If the Participant’s Employment (i) terminates as a result of his or her Retirement or (ii) is terminated by the Company and its Affiliates for any reason other than for Cause (x) on a date when the
Participant satisfies the requirements for Retirement or (y) on a date when the Participant does not satisfy the requirements for Retirement, but the Participant would satisfy the requirements for Retirement during a Severance Period, then the
RSUs and all Retained Dividend Equivalents and Retained Distributions relating thereto shall, to the extent the RSUs were not extinguished or forfeited prior to such termination of Employment, fully vest on the later of (A) the date of such
termination of Employment and (B) the certification by the Committee of the achievement of the Performance Target; and Shares subject to the RSUs shall be issued or transferred to the Participant (along with the Retained Dividend Equivalents
and Retained Distributions relating thereto) as soon as practicable, but no later than 60 days, following such termination of Employment or Committee certification, whichever is applicable. If the Participant’s Employment terminates prior to
the certification of achievement of the Performance Target by the Committee and the Performance Target is not satisfied, then the RSUs and any Retained Dividend Equivalents and Retained Distributions related thereto shall be forfeited immediately
upon the Committee’s determination. 

  

	 	(d)	 If the Participant’s Employment is terminated by the Company and its Affiliates for any reason other than for Cause (unless such termination is
due to death or Disability) on a date when the Participant does not satisfy the requirements for 

  
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Retirement and the Participant would not satisfy the requirements for Retirement by the end of a Severance Period, then, subject to achievement of the Performance Target, the RSUs that were
scheduled to vest on any Vesting Dates that occur before the end of a Severance Period, and any Retained Dividend Equivalents and Retained Distributions relating thereto, shall, to the extent the RSUs were not extinguished or forfeited prior to such
termination of Employment, become vested, and Shares subject to such RSUs shall be issued or transferred to the Participant (along with the Retained Dividend Equivalents and Retained Distributions relating thereto) as soon as practicable, but no
later than 60 days, following the later of (x) such termination of Employment and (y) the certification by the Committee of the achievement of the Performance Target. The portion of the RSUs that have a Vesting Date after the end of a
Severance Period and any Retained Dividend Equivalents and Retained Distributions related thereto shall be completely forfeited on the date of any such termination. If the Participant’s Employment is terminated prior to the certification of
achievement of the Performance Target by the Committee and the Performance Target is not satisfied, then the RSUs and any Retained Dividend Equivalents and Retained Distributions related thereto shall be forfeited immediately upon the
Committee’s determination. 

 For purposes of this paragraph 5, a temporary leave of absence shall not constitute a
termination of Employment or a failure to be continuously employed by the Company or any Affiliate regardless of the Participant’s payroll status during such leave of absence if such leave of absence is approved in writing by the Company or any
Affiliate; provided, that such leave of absence constitutes a bona fide leave of absence and not a Separation From Service under Treas. Reg. 1.409A-1(h)(1)(i). Notice of any such approved leave of absence should be sent to the Company at One Time
Warner Center, New York, New York 10019, attention: Director, Global Stock Plans Administration, but such notice shall not be required for the leave of absence to be considered approved. 

In the event the Participant’s Employment with the Company or any of its Affiliates is terminated, the Participant shall have no claim
against the Company with respect to the RSUs and related Retained Dividend Equivalents and Retained Distributions, if any, other than as set forth in this paragraph 5, the provisions of this paragraph 5 being the sole remedy of the Participant with
respect thereto. 
  

	6.	 Acceleration of Vesting Date. In the event a Change in Control, subject to paragraph 7, has occurred, to the extent that any such
occurrence also constitutes a change in ownership or effective control of the Company, or in the ownership of a substantial portion of the assets of the Company, within the meaning of Section 409A(a)(2)(A)(v) of the Code (a “409A
Change of Control Event”), (A) the Award will vest in full upon the earlier of (i) the expiration of the one-year period immediately following the Change in Control, provided the Participant’s Employment with the Company
and its Affiliates has not terminated, (ii) the original Vesting Date with respect to each portion of the Award, or (iii) the termination of the Participant’s Employment by the Company or any of its Affiliates (I) by the Company
other than for Cause (unless such termination is due to death or Disability) or (II) by the Participant for Good Reason and (B) Shares subject to 

  
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the RSUs shall be issued or transferred to the Participant, as soon as practicable, but in no event later than 60 days following such Vesting Date, along with the Retained Dividend Equivalents
and Retained Distributions related thereto; provided, however, that notwithstanding the foregoing, to the extent that any such occurrence does not constitute a 409A Change of Control Event, the RSUs shall vest as described under this paragraph 6,
but the issuance of Shares shall be made at the times otherwise provided hereunder as if no Change of Control had occurred. In the event of any such vesting as described in clauses (i) and (iii) of the preceding sentence, the date
described in such clauses shall be treated as the Vesting Date. 

  

	7.	Limitation on Acceleration. Notwithstanding any provision to the contrary in the Plan or this Agreement, if the Payment (as hereinafter defined) due to the Participant hereunder as a result of the
acceleration of vesting of the RSUs pursuant to paragraph 6 of this Agreement, either alone or together with all other Payments received or to be received by the Participant from the Company or any of its Affiliates (collectively, the
“Aggregate Payments”), or any portion thereof, would be subject to the excise tax imposed by Section 4999 of the Code (or any successor thereto), the following provisions shall apply: 

 

	 	a)	If the net amount that would be retained by the Participant after all taxes on the Aggregate Payments are paid would be greater than the net amount that would be retained by the Participant after all taxes are paid if
the Aggregate Payments were limited to the largest amount that would result in no portion of the Aggregate Payments being subject to such excise tax, the Participant shall be entitled to receive the Aggregate Payments. 

 

	 	b)	If, however, the net amount that would be retained by the Participant after all taxes were paid would be greater if the Aggregate Payments were limited to the largest amount that would result in no portion of the
Aggregate Payments being subject to such excise tax, the Aggregate Payments to which the Participant is entitled shall be reduced to such largest amount. 

The term “Payment” shall mean any transfer of property within the meaning of Section 280G of the Code. 

The determination of whether any reduction of Aggregate Payments is required and the timing and method of any such required reduction in
Payments under this Agreement or in any such other Payments otherwise payable by the Company or any of its Affiliates consistent with any such required reduction, shall be made by the Participant, including whether any portion of such reduction
shall be applied against any cash or any shares of stock of the Company or any other securities or property to which the Participant would otherwise have been entitled under this Agreement or under any such other Payments, and whether to waive the
right to the acceleration of the Payment due under this Agreement or any portion thereof or under any such other Payments or portions thereof, and all such determinations shall be conclusive and binding on the Company and its Affiliates. To the
extent that Payments hereunder or any such other Payments are not paid as a consequence of the limitation contained in this paragraph 7, then the RSUs and 

  
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Retained Dividend Equivalents and Retained Distributions related thereto (to the extent not so accelerated) and such other Payments (to the extent not vested) shall be deemed to remain
outstanding and shall be subject to the provisions hereof and of the Plan as if no acceleration or vesting had occurred. Under such circumstances, if the Participant terminates Employment for Good Reason or is terminated by the Company or any of its
Affiliates without Cause, the RSUs and Retained Dividend Equivalents and Retained Distributions related thereto (to the extent that they have not already become vested) shall become immediately vested in their entirety upon such termination and
Shares subject to the RSUs shall be issued or transferred to the Participant, as soon as practicable following such termination of Employment, subject to the provisions relating to Section 4999 of the Code set forth herein. 

The Company shall promptly pay, upon demand by the Participant, all legal fees, court costs, fees of experts and other costs and expenses
which the Participant incurred in any actual, threatened or contemplated contest of the Participant’s interpretation of, or determination under, the provisions of this paragraph 7. 

 

	8.	Withholding Taxes. 

  

	 	a)	Obligation to Pay Withholding Taxes. The Participant acknowledges and agrees that, regardless of any action the Company or the Participant’s employer takes with respect to any or all income tax,
social insurance, payroll tax, payment on account or other tax-related withholding (the “Tax-Related Items”), the ultimate liability for all Tax-Related Items legally due by the Participant (i) is and remains the
Participant’s responsibility and (ii) may exceed the amount actually withheld by the Company or the Participant’s employer. The Participant further agrees and acknowledges that the Company and the Participant’s employer
(x) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award, including the grant of the Award, the vesting of the RSUs or the subsequent sale of any Shares acquired
from vesting of the RSUs, and the receipt of any Dividend Equivalents, Retained Dividend Equivalents or Retained Distributions; and (y) do not commit to and are under no obligation to structure the terms of the Award to reduce or eliminate the
Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, the Participant understands and acknowledges that if the Participant has become subject to tax in more than one jurisdiction between the Date of Grant
and the date of any relevant taxable event, the Company and/or the Participant’s employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. The Company’s
obligation to deliver the Shares subject to the RSUs or to pay any Dividend Equivalents, Retained Dividend Equivalents or Retained Distributions shall be subject to payment of all Tax-Related Items by the Participant. 

 

	 	b)	 Satisfaction of Company’s Withholding Obligations. At the time any portion of an Award of RSUs, Dividend Equivalent, Retained
Dividend Equivalents or Retained Distribution relating thereto, becomes taxable to the Participant, he or she will be required to pay to the Company or the Participant’s employer, as

  
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applicable, any Tax-Related Items due as a result of such taxable event. The Company or the Participant’s employer shall have the right to withhold from any payment in respect of RSUs,
transfer of Shares acquired at vesting, or payment made to the Participant or to any person hereunder, whether such payment is to be made in cash or in Shares, all Tax-Related Items as shall be required, in the determination of the Company, pursuant
to any statute or governmental regulation or ruling. The Participant acknowledges and agrees that the Company or the Participant’s employer, in their sole discretion, may satisfy such withholding obligation by any one or a combination of the
following methods: 

  

	 	(i)	by requiring the Participant to deliver a properly executed notice together with irrevocable instructions to a broker approved by the Company to sell a sufficient number of Shares to generate net proceeds (after
commission and fees) equal to the amount required to be withheld and promptly deliver such amount to the Company; 

  

	 	(ii)	by requiring or allowing the Participant to pay the amount required to be withheld in cash or by check; 

  

	 	(iii)	by deducting the amount required to be withheld from the Participant’s current compensation or other amounts payable to the Participant; 

 

	 	(iv)	by allowing the Participant to surrender other Shares that (A) in the case of Shares initially acquired from the Company (upon exercise of a stock option or otherwise), have been owned by the Participant for such
period (if any) as may be required to avoid a charge to the Company’s earnings, and (B) have a fair market value on the date of surrender equal to the amount required to be withheld; 

 

	 	(v)	by withholding a number of Shares to be issued upon delivery of Shares that have a fair market value equal to the minimum statutory amount required to be withheld; 

 

	 	(vi)	by selling any Shares to the extent required to pay the amount required to be withheld; or 

  

	 	(vii)	by such other means or method as the Committee in its sole discretion and without notice to the Participant deems appropriate. 

  

	 	    	The Company may satisfy its obligation to withhold the Tax-Related Items on Dividend Equivalents, Retained Dividend Equivalents and Retained Distributions payable in cash by withholding a sufficient amount from the
payment or by such other means as the Committee in its sole discretion and without notice to the Participant deems appropriate, including withholding from salary or other amounts payable to the Participant, Shares or cash having a value sufficient
to satisfy the withholding obligation for Tax-Related Items. 

  
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	 	    	The Company will not issue any Shares to the Participant until the Participant satisfies the withholding obligation for Tax-Related Items. If the withholding obligation for Tax-Related Items is satisfied by withholding
in Shares, for tax purposes, the Participant shall be deemed to have been issued the full number of Shares subject to the vested RSUs, notwithstanding that a number of Shares are held back solely for the purpose of paying the Tax-Related Items due
as a result of any aspect of the Participant’s participation in the Plan. 

  

	 	c)	Compliance with Applicable Laws. The Committee may also require the Participant to acknowledge that he or she shall not sell or transfer Shares except in compliance with all applicable laws, and may apply
such other restrictions on the sale or transfer of the Shares as it deems appropriate. 

  

	9.	Changes in Capitalization and Government and Other Regulations. The Award shall be subject to all of the terms and provisions as provided in this Agreement and in the Plan, which are incorporated by
reference herein and made a part hereof, including, without limitation, the provisions of Section 10 of the Plan (generally relating to adjustments to the number of Shares subject to the Award, upon certain changes in capitalization and certain
reorganizations and other transactions). 

  

	10.	Forfeiture. A breach of any of the foregoing restrictions or a breach of any of the other restrictions, terms and conditions of the Plan or this Agreement, with respect to any of the RSUs or any Dividend
Equivalents, Retained Dividend Equivalents and Retained Distributions relating thereto, except as waived by the Board or the Committee, will cause a forfeiture of such RSUs, Retained Dividend Equivalents and any Dividend Equivalents or Retained
Distributions relating thereto. 

  

	11.	Right of Company to Terminate Employment. Nothing contained in the Plan or this Agreement shall confer on any Participant any right to continue in the employ of the Company or any of its Affiliates and the
Company and any such Affiliate shall have the right to terminate the Employment of the Participant at any such time, with or without cause, notwithstanding the fact that some or all of the RSUs and related Retained Dividend Equivalents and Retained
Distributions covered by this Agreement may be forfeited as a result of such termination. The granting of the RSUs under this Agreement shall not confer on the Participant any right to any future Awards under the Plan. 

 

	12.	Notices. Any notice which either party hereto may be required or permitted to give the other shall be in writing and may be delivered personally or by mail, postage prepaid, addressed to Time Warner Inc.,
at One Time Warner Center, New York, NY 10019, attention Director, Global Stock Plans Administration, and to the Participant at his or her address, as it is shown on the records of the Company or its Affiliate, or in either case to such other
address as the Company or the Participant, as the case may be, by notice to the other may designate in writing from time to time. 

  

	13.	 Interpretation and Amendments. The Board and the Committee (to the extent delegated by the Board) have plenary authority to interpret
this Agreement and the Plan, to prescribe, amend and rescind rules relating thereto and to make all other 

  
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determinations in connection with the administration of the Plan. The Board or the Committee may from time to time modify or amend this Agreement in accordance with the provisions of the Plan,
provided that no such amendment shall adversely affect the rights of the Participant under this Agreement without his or her consent. 

  

	14.	Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and shall be binding upon and inure to the benefit of the Participant
and his or her legatees, distributees and personal representatives. 

  

	15.	Copy of the Plan and Documents. By entering into the Agreement, the Participant agrees and acknowledges that he or she has received and read a copy of the Plan. The Participant acknowledges and agrees that
the Participant may be entitled from time to time to receive certain other documents related to the Company, including the Company’s annual report to stockholders and proxy statement related to its annual meeting of stockholders (which become
available each year approximately three months after the end of the calendar year), and the Participant consents to receive such documents electronically through the Internet or as the Company otherwise directs. 

 

	16.	Governing Law. The Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without regard to any choice of law rules thereof which might apply the laws of any
other jurisdiction. 

  

	17.	Waiver of Jury Trial. To the extent not prohibited by applicable law which cannot be waived, each party hereto hereby waives, and covenants that it will not assert (whether as plaintiff, defendant or
otherwise), any right to trial by jury in any forum in respect of any suit, action, or other proceeding arising out of or based upon this Agreement. 

  

	18.	Submission to Jurisdiction; Service of Process. Each of the parties hereto hereby irrevocably submits to the jurisdiction of the state courts of the State of New York located in the County of New York and
the jurisdiction of the United States District Court for the Southern District of New York for the purposes of any suit, action or other proceeding arising out of or based upon this Agreement. Each of the parties hereto to the extent permitted by
applicable law hereby waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding brought in such courts, any claim that it is not subject personally to the jurisdiction of the above-named
courts, that its property is exempt or immune from attachment or execution, that such suit, action or proceeding in the above-referenced courts is brought in an inconvenient forum, that the venue of such suit, action or proceedings, is improper or
that this Agreement may not be enforced in or by such court. Each of the parties hereto hereby consents to service of process by mail at its address to which notices are to be given pursuant to paragraph 12 hereof. 

 

	19.	 Personal Data. The Company, the Participant’s local employer and the local employer’s parent company or companies may hold,
collect, use, process and transfer, in electronic or other form, certain personal information about the Participant for the exclusive purpose of implementing, administering and managing the Participant’s participation in

  
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the Plan. The Participant understands that the following personal information is required for the above named purposes: his/her name, home address and telephone number, office address (including
department and employing entity) and telephone number, e-mail address, date of birth, citizenship, country of residence at the time of grant, work location country, system employee ID, employee local ID, employment status (including international
status code), supervisor (if applicable), job code, title, salary, bonus target and bonuses paid (if applicable), termination date and reason, tax payer’s identification number, tax equalization code, US Green Card holder status, contract type
(single/dual/multi), any shares of stock or directorships held in the Company, details of all grants of RSUs (including number of grants, grant dates, vesting type, vesting dates, and any other information regarding RSUs that have been granted,
canceled, vested, or forfeited) with respect to the Participant, estimated tax withholding rate, brokerage account number (if applicable), and brokerage fees (the “Data”). The Participant understands that Data may be
collected from the Participant directly or, on Company’s request, from the Participant’s local employer. The Participant understands that Data may be transferred to third parties assisting the Company in the implementation, administration
and management of the Plan, including the brokers approved by the Company, the broker selected by the Participant from among such Company-approved brokers (if applicable), tax consultants and the Company’s software providers (the
“Data Recipients”). The Participant understands that some of these Data Recipients may be located outside the Participant’s country of residence, and that the Data Recipient’s country may have different data privacy
laws and protections than the Participant’s country of residence. The Participant understands that the Data Recipients will receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing,
administering and managing the Participant’s participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan and/or the subsequent holding of Shares on the Participant’s behalf
by a broker or other third party with whom the Participant may elect to deposit any Shares acquired pursuant to the Plan. The Participant understands that Data will be held only as long as necessary to implement, administer and manage the
Participant’s participation in the Plan. The Participant understands that Data may also be made available to public authorities as required by law, e.g., to the U.S. government. The Participant understands that the Participant may, at any time,
review Data and may provide updated Data or corrections to the Data by written notice to the Company. Except to the extent the collection, use, processing or transfer of Data is required by law, the Participant may object to the collection, use,
processing or transfer of Data by contacting the Company in writing. The Participant understands that such objection may affect his/her ability to participate in the Plan. The Participant understands that he/she may contact the Company’s Stock
Plan Administration to obtain more information on the consequences of such objection. 

  
 12EX-10.3

 Exhibit 10.3 
 Time Warner Inc. 2013 Stock Incentive Plan 
 RSU Director Agreement,
Version 1 (13RUDIR) 
 For Use from August 2013 
 Restricted Stock Units Agreement 
 General Terms and Conditions

 WHEREAS, the Company has adopted the Plan (as defined below), the terms of which are hereby incorporated by reference
and made a part of this Agreement; and 
 WHEREAS, the Committee has determined that it would be in the best interests of the
Company and its stockholders to grant the restricted stock units (the “RSUs”) provided for herein to the Non-Employee Director pursuant to the Plan and the terms set forth herein. 

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree as follows: 

 

	1.	Definitions.  Whenever the following terms are used in this Agreement, they shall have the meanings set forth below. Capitalized terms not
otherwise defined herein shall have the same meanings as in the Plan. 

  

	 	a)	“Disability” means medical or health reasons that render the Non-Employee Director unable to continue to serve as a member of the Board.

  

	 	b)	“Notice” means (i) the Notice of Grant of Restricted Stock Units that accompanies this Agreement, if this Agreement is delivered to the
Non-Employee Director in “hard copy,” and (ii) the screen of the website for the stock plan administration with the heading “Vesting Schedule and Details,” which contains the details of the grant governed by this Agreement,
if this Agreement is delivered electronically to the Non-Employee Director. 

  

	 	c)	“Non-Employee Director” means an individual who is a member of the Board of Directors of the Company who, as of the close of business on the
date of the annual meeting of stockholders of the Company, is not an employee of the Company or any subsidiary of the Company, and shall have the same meaning as may be assigned to the terms “Holder” or “Participant” in the Plan.
For the purposes hereof, a “subsidiary” of the Company shall mean any corporation, partnership or other entity in which the Company owns, directly or indirectly, an equity interest of 50% or more. 

 

	 	d)	“Plan” means the equity plan maintained by the Company that is specified in the Notice, which equity plan has been provided to the Non-Employee
Director separately and forms a part of this Agreement, as such plan may be amended, supplemented or modified from time to time. 

  
 1 

	 	e)	“Retirement” means (i) ceasing to be a director of the Company by reason of mandatory retirement pursuant to any policy or plan of the
Company applicable to Non-Employee Directors or (ii) ceasing to be a director of the Company following either (x) completion of at least five years of service as a director, in the aggregate or (y) having served as a director of the
Company for at least five consecutive annual meetings of stockholders of the Company. 

  

	 	f)	“Shares” means shares of Common Stock of the Company. 

 

	 	g)	“Termination of Service due to Election Results” means ceasing to serve as a director of the Company because either (i) having been
nominated for reelection, the Non-Employee Director is not re-elected by the stockholders of the Company to serve as a member of the Board or (ii) having been re-elected by fewer than a majority “for” votes of the votes cast by the
stockholders at a stockholders’ meeting in an uncontested election of director, the Non-Employee Director’s offer to resign is accepted by the Board. 

 

	 	h)	“Vesting Date” means the vesting date set forth in the Notice. 

 

	2.	Grant of Restricted Stock Units.  The Company hereby grants to the Non-Employee Director (the “Award”), on the terms and
conditions hereinafter set forth, the number of RSUs set forth on the Notice. Each RSU represents the unfunded, unsecured right of the Non-Employee Director to receive a Share on the date(s) specified herein. RSUs do not constitute issued and
outstanding shares of Common Stock for any corporate purposes and do not confer on the Non-Employee Director any right to vote on matters that are submitted to a vote of holders of Shares. 

 

	3.	 Dividend Equivalents and Retained Distributions.  If on any date while RSUs are outstanding hereunder the Company shall pay any
regular cash dividend on the Shares, the Non-Employee Director shall be paid, for each RSU held by the Non-Employee Director on the record date, an amount of cash equal to the dividend paid on a Share (the “Dividend
Equivalents”) at the time that such dividends are paid to holders of Shares. If on any date while RSUs are outstanding hereunder the Company shall pay any dividend other than a regular cash dividend or make any other distribution on the
Shares, the Non-Employee Director shall be credited with a bookkeeping entry equivalent to such dividend or distribution for each RSU held by the Non-Employee Director on the record date for such dividend or distribution, but the Company shall
retain custody of all such dividends and distributions unless the Board has in its sole discretion determined that an amount equivalent to such dividend or distribution shall be paid currently to the Non-Employee Director (the “Retained
Distributions”); provided, however, that if the Retained Distribution relates to a dividend paid in Shares, the Non-Employee Director shall receive an additional amount of RSUs equal to the product of (I) the
aggregate number of RSUs held by the Non-Employee Director pursuant to this Agreement through the related dividend record date, multiplied by (II) the number of Shares (including any fraction thereof) payable as a dividend on a Share. Retained
Distributions will not bear interest and will be subject to the same restrictions as the RSUs to which they relate. Notwithstanding anything else contained in this paragraph 3, no payment of Dividend

  
 2 

	 	
Equivalents or Retained Distributions shall occur before the first date on which a payment could be made without subjecting the Non-Employee Director to tax under the provisions of
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 

  

	4.	Vesting and Delivery of Vested Securities.  

  

	 	a)	Subject to the terms and provisions of the Plan and this Agreement, no later than 60 days after the Vesting Date with respect to the Award, the Company shall issue or
transfer to the Non-Employee Director the number of Shares corresponding to such Vesting Date and the Retained Distributions, if any, covered by the Award. Except as otherwise provided in paragraphs 5, 6 and 7, the vesting of such RSUs and any
Retained Distributions relating thereto shall occur only if the Non-Employee Director has continued to serve as a director of the Company on the Vesting Date and has continuously so served since the Date of Grant (as defined in the Notice).

  

	 	b)	RSUs Extinguished.  Upon each issuance or transfer of Shares in accordance with this Agreement, a number of RSUs equal to the number of Shares issued
or transferred to the Non-Employee Director shall be extinguished and such number of RSUs will not be considered to be held by the Non-Employee Director for any purpose. 

 

	 	c)	Final Issuance.  Upon the final issuance or transfer of Shares and Retained Distributions, if any, to the Non-Employee Director pursuant to this
Agreement, in lieu of any fractional Share, the Non-Employee Director shall receive a cash payment equal to the Fair Market Value of such fractional Share. 

 

	 	d)	Section 409A.  Notwithstanding anything else contained in this Agreement, no Shares shall be issued or transferred to a Non-Employee Director
before the first date on which a payment could be made without subjecting the Non-Employee Director to tax under the provisions of Section 409A of the Code. 

 

	5.	Termination of Service as a Director. 

 a)         If the Non-Employee Director’s service as a director of the Company is terminated by the Non-Employee Director for any reason other than those
described in clauses (b) and (c) below prior to the Vesting Date, then the RSUs covered by the Award and all Retained Distributions relating thereto shall be completely forfeited on the date of any such termination of service. 

b)         If the Non-Employee Director’s service as a director of the Company
terminates prior to the Vesting Date (i) as a result of his or her death or Disability, (ii) as a result of his or her Retirement or (iii) as a result of a Termination of Service Due to Election Results, then the RSUs and all Retained
Distributions relating thereto shall fully vest on the date of any such termination and Shares subject to the RSUs shall be issued or transferred to the Non-Employee Director as soon as practicable, but no later than 90 days, following such
termination of service as a director. 

  
 3 

 c)         The RSUs and all Retained
Distributions relating thereto shall vest in the event a Non-Employee Director (a “withdrawing Non-Employee Director”) terminates his or her service as a member of the Board (i) for reasons of personal or
financial hardship; (ii) to serve in any governmental, diplomatic or any other public service position or capacity; (iii) to avoid or protect against a conflict of interest of any kind; (iv) on the advice of legal counsel; or
(v) on a case by case basis in the discretion of the Board, for any other extraordinary circumstance that the Board determines to be comparable to the foregoing; provided that the payment of the Shares shall not occur before the first date on
which a payment could be made without subjecting the Non-Employee Director to tax under the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). The withdrawing Non-Employee Director
shall abstain from participating in any determination made by the Board with respect to any matter relating to the foregoing. 

d)         In the event the Non-Employee Director ceases to serve as a director of the
Company, the Non-Employee Director shall have no claim against the Company with respect to the RSUs and related Retained Distributions, if any, other than as set forth in this paragraph 5, the provisions of this paragraph 5 being the sole
remedy of the Non-Employee Director with respect thereto. 
  

	6.	Acceleration of Vesting Date. In the event a Change in Control, subject to paragraph 7, has occurred, to the extent that any such occurrence also
constitutes a change in ownership or effective control of the Company, or in the ownership of a substantial portion of the assets of the Company, within the meaning of Section 409A(a)(2)(A)(v) of the Code (a “409A Change of Control
Event”), (A) the Award will vest in full upon the occurrence of a Change in Control and (B) Shares subject to the RSUs shall be issued or transferred to the Non-Employee Director, as soon as practicable, but in no event later
than 60 days following such Change in Control, along with any Retained Distributions related thereto; provided, however, that notwithstanding the foregoing, to the extent that any such occurrence does not constitute a 409A Change of Control Event,
the RSUs shall vest as described under this paragraph 6, but the issuance of Shares shall be made at the times otherwise provided hereunder as if no Change of Control had occurred. 

 

	7.	Limitation on Acceleration. Notwithstanding any provision to the contrary in the Plan or this Agreement, if the Payment (as hereinafter defined) due to
the Non-Employee Director hereunder as a result of the acceleration of vesting of the RSUs pursuant to paragraph 6 of this Agreement, either alone or together with all other Payments received or to be received by the Non-Employee Director from the
Company or any of its Affiliates (collectively, the “Aggregate Payments”), or any portion thereof, would be subject to the excise tax imposed by Section 4999 of the Code (or any successor thereto), the following
provisions shall apply: 

  

	 	a)	 If the net amount that would be retained by the Non-Employee Director after all taxes on the Aggregate Payments are paid would be greater than the net
amount 

  
 4 

	 	
that would be retained by the Non-Employee Director after all taxes are paid if the Aggregate Payments were limited to the largest amount that would result in no portion of the Aggregate Payments
being subject to such excise tax, the Non-Employee Director shall be entitled to receive the Aggregate Payments. 

  

	 	b)	If, however, the net amount that would be retained by the Non-Employee Director after all taxes were paid would be greater if the Aggregate Payments were limited to the
largest amount that would result in no portion of the Aggregate Payments being subject to such excise tax, the Aggregate Payments to which the Non-Employee Director is entitled shall be reduced to such largest amount. 

The term “Payment” shall mean any transfer of property within the meaning of Section 280G of the Code.

 The determination of whether any reduction of Aggregate Payments is required and the timing and method of any such required
reduction in Payments under this Agreement or in any such other Payments otherwise payable by the Company or any of its Affiliates consistent with any such required reduction, shall be made by the Non-Employee Director, including whether any portion
of such reduction shall be applied against any cash or any shares of stock of the Company or any other securities or property to which the Non-Employee Director would otherwise have been entitled under this Agreement or under any such other
Payments, and whether to waive the right to the acceleration of the Payment due under this Agreement or any portion thereof or under any such other Payments or portions thereof, and all such determinations shall be conclusive and binding on the
Company and its Affiliates. To the extent that Payments hereunder or any such other Payments are not paid as a consequence of the limitation contained in this paragraph 7, then the RSUs and Retained Distributions related thereto (to the extent not
so accelerated) and such other Payments (to the extent not vested) shall be deemed to remain outstanding and shall be subject to the provisions hereof and of the Plan as if no acceleration or vesting had occurred. 

The Company shall promptly pay, upon demand by the Non-Employee Director, all legal fees, court costs, fees of experts and other costs
and expenses which the Non-Employee Director incurred in any actual, threatened or contemplated contest of the Non-Employee Director’s interpretation of, or determination under, the provisions of this paragraph 7. 

 

	8.	Withholding Taxes.  

  

	 	a)	 Obligation to Pay Withholding Taxes.  The Non-Employee Director acknowledges and agrees that, regardless of any action the
Company takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other tax-related withholding (the “Tax-Related Items”), the ultimate liability for all Tax-Related Items legally due
by the Non-Employee Director (i) is and remains the Non-Employee Director’s responsibility and (ii) may exceed the amount actually withheld by the Company. The Non-Employee Director further agrees and acknowledges that the Company
(x) make no representations or 

  
 5 

	 	
undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award, including the grant of the Award, the vesting of the RSUs or the subsequent sale of any
Shares acquired from vesting of the RSUs, and the receipt of any Dividend Equivalents or Retained Distributions; and (y) do not commit to and are under no obligation to structure the terms of the Award to reduce or eliminate the Non-Employee
Director’s liability for Tax-Related Items or achieve any particular tax result. Further, the Non-Employee Director understands and acknowledges that if the Non-Employee Director has become subject to tax in more than one jurisdiction between
the Date of Grant and the date of any relevant taxable event, the Company may be required to withhold or account for Tax-Related Items in more than one jurisdiction. The Company’s obligation to deliver the Shares subject to the RSUs or to pay
any Dividend Equivalents or Retained Distributions shall be subject to payment of all Tax-Related Items by the Non-Employee Director. 

  

	 	b)	Satisfaction of Company’s Withholding Obligations.  At the time any portion of an Award of RSUs, Dividend Equivalent or Retained
Distribution relating thereto, becomes taxable to the Non-Employee Director, he or she will be required to pay to the Company any Tax-Related Items due as a result of such taxable event. The Company shall have the right to withhold from any payment
in respect of RSUs, transfer of Shares acquired at vesting, or payment made to the Non-Employee Director or to any person hereunder, whether such payment is to be made in cash or in Shares, all Tax-Related Items as shall be required, in the
determination of the Company, pursuant to any statute or governmental regulation or ruling. The Non-Employee Director acknowledges and agrees that the Company, in its sole discretion, may satisfy such withholding obligation by any one or a
combination of the following methods: 

  

	 	(i)	by requiring the Non-Employee Director to deliver a properly executed notice together with irrevocable instructions to a broker approved by the Company to sell a
sufficient number of Shares to generate net proceeds (after commission and fees) equal to the amount required to be withheld and promptly deliver such amount to the Company; 

 

	 	(ii)	by requiring or allowing the Non-Employee Director to pay the amount required to be withheld in cash or by check; 

 

	 	(iii)	by deducting the amount required to be withheld from the Non-Employee Director’s current compensation or other amounts payable to the Non-Employee Director;

  

	 	(iv)	by allowing the Non-Employee Director to surrender other Shares that (A) in the case of Shares initially acquired from the Company (upon exercise of a stock option
or otherwise), have been owned by the Non-Employee Director for such period (if any) as may be required to avoid a charge to the Company’s earnings, and (B) have a fair market value on the date of surrender equal to the amount required to
be withheld; 

  
 6 

	 	(v)	by withholding a number of Shares to be issued upon delivery of Shares that have a fair market value equal to the minimum statutory amount required to be withheld;

  

	 	(vi)	by selling any Shares to the extent required to pay the amount required to be withheld; or 

 

	 	(vii)	by such other means or method as the Committee in its sole discretion and without notice to the Non-Employee Director deems appropriate. 

The Company may satisfy its obligation to withhold the Tax-Related Items on Dividend Equivalents and Retained Distributions payable in
cash by withholding a sufficient amount from the payment or by such other means as the Committee in its sole discretion and without notice to the Non-Employee Director deems appropriate, including withholding from compensation or other amounts
payable to the Non-Employee Director, Shares or cash having a value sufficient to satisfy the withholding obligation for Tax-Related Items. 
 The Company will not issue any Shares to the Non-Employee Director until the Non-Employee Director satisfies any withholding obligation for Tax-Related Items. If the withholding obligation for Tax-Related
Items is satisfied by withholding in Shares, for tax purposes, the Non-Employee Director shall be deemed to have been issued the full number of Shares subject to the vested RSUs, notwithstanding that a number of Shares are held back solely for the
purpose of paying the Tax-Related Items due as a result of any aspect of the Non-Employee Director’s participation in the Plan. 
  

	 	c)	Compliance with Applicable Laws. The Committee may also require the Non-Employee Director to acknowledge that he or she shall not sell or transfer Shares
except in compliance with all applicable laws, and may apply such other restrictions on the sale or transfer of the Shares as it deems appropriate. 

  

	9.	Changes in Capitalization and Government and Other Regulations.  The Award shall be subject to all of the terms and provisions as provided in
this Agreement and in the Plan, which are incorporated by reference herein and made a part hereof, including, without limitation, the provisions of Section 10 of the Plan (generally relating to adjustments to the number of Shares subject to the
Award, upon certain changes in capitalization and certain reorganizations and other transactions). 

  

	10.	Forfeiture.  A breach of any of the foregoing restrictions or a breach of any of the other restrictions, terms and conditions of the Plan or
this Agreement, with respect to any of the RSUs or any Dividend Equivalents and Retained Distributions relating thereto, except as waived by the Board or the Committee, will cause a forfeiture of such RSUs and any Dividend Equivalents or Retained
Distributions relating thereto. 

  
 7 

	11.	No Right of Non-Employee Director to Continue to Serve.  Nothing contained in the Plan or this Agreement shall confer on any Non-Employee
Director any right to continue to serve as a director of the Company. 

  

	12.	Notices.  Any notice which either party hereto may be required or permitted to give the other shall be in writing and may be delivered
personally or by mail, postage prepaid, addressed to Time Warner Inc., at One Time Warner Center, New York, NY 10019, attention Director, Global Stock Plans Administration, and to the Non-Employee Director at his or her address, as it is shown on
the records of the Company, or in either case to such other address as the Company or the Non-Employee Director, as the case may be, by notice to the other may designate in writing from time to time. 

 

	13.	Interpretation and Amendments.  The Board and the Committee (to the extent delegated by the Board) have plenary authority to interpret this
Agreement and the Plan, to prescribe, amend and rescind rules relating thereto and to make all other determinations in connection with the administration of the Plan. The Board or the Committee may from time to time modify or amend this Agreement in
accordance with the provisions of the Plan, provided that no such amendment shall adversely affect the rights of the Non-Employee Director under this Agreement without his or her consent. 

 

	14.	Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and shall
be binding upon and inure to the benefit of the Non-Employee Director and his or her legatees, distributees and personal representatives. 

  

	15.	Copy of the Plan.  By entering into the Agreement, the Non-Employee Director agrees and acknowledges that he or she has received and read a copy
of the Plan. 

  

	16.	Governing Law.  The Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without regard to any
choice of law rules thereof which might apply the laws of any other jurisdiction. 

  

	17.	Waiver of Jury Trial.  To the extent not prohibited by applicable law which cannot be waived, each party hereto hereby waives, and covenants
that it will not assert (whether as plaintiff, defendant or otherwise), any right to trial by jury in any forum in respect of any suit, action, or other proceeding arising out of or based upon this Agreement. 

 

	18.	 Submission to Jurisdiction; Service of Process.  Each of the parties hereto hereby irrevocably submits to the jurisdiction of
the state courts of the County of New York, State of New York and the jurisdiction of the United States District Court for the Southern District of New York for the purposes of any suit, action or other proceeding arising out of or based upon this
Agreement. Each of the parties hereto to the extent permitted by applicable law hereby waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding brought in such courts, any claim that it
is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that such suit, action or 

  
 8 

	 	
proceeding in the above-referenced courts is brought in an inconvenient forum, that the venue of such suit, action or proceedings, is improper or that this Agreement may not be enforced in or by
such court. Each of the parties hereto hereby consents to service of process by mail at its address to which notices are to be given pursuant to paragraph 12 hereof. 

 

	19.	Personal Data.  The Company may hold, collect, use, process and transfer, in electronic or other form, certain personal information about the
Non-Employee Director for the exclusive purpose of implementing, administering and managing the Non-Employee Director’s participation in the Plan. The Non-Employee Director understands that the following personal information is required for the
above named purposes: his/her name, home address and telephone number, office address and telephone number, e-mail address, date of birth, citizenship, country of residence at the time of grant, work location country, Company unique ID, title,
compensation paid, termination date and reason, tax payer’s identification number, tax equalization code, US Green Card holder status, any shares of stock held in the Company, details of all grants of RSUs (including number of grants, grant
dates, vesting type, vesting dates, and any other information regarding RSUs that have been granted, canceled, vested, or forfeited) with respect to the Non-Employee Director, estimated tax withholding rate (if applicable), brokerage account number
(if applicable), and brokerage fees (the “Data”). The Non-Employee Director understands that Data may be transferred to third parties assisting the Company in the implementation, administration and management of the Plan,
including the brokers approved by the Company, the broker selected by the Non-Employee Director from among such Company-approved brokers (if applicable), tax consultants and the Company’s software providers (the “Data
Recipients”). The Non-Employee Director understands that some of these Data Recipients may be located outside the Non-Employee Director’s country of residence, and that the Data Recipient’s country may have different data
privacy laws and protections than the Non-Employee Director’s country of residence. The Non-Employee Director understands that the Data Recipients will receive, possess, use, retain and transfer the Data, in electronic or other form, for the
purposes of implementing, administering and managing the Non-Employee Director’s participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan and/or the subsequent holding of
Shares on the Non-Employee Director’s behalf by a broker or other third party with whom the Non-Employee Director may elect to deposit any Shares acquired pursuant to the Plan. The Non-Employee Director understands that Data will be held only
as long as necessary to implement, administer and manage the Non-Employee Director’s participation in the Plan. The Non-Employee Director understands that Data may also be made available to public authorities as required by law, e.g., to the
U.S. government. Non-Employee Director understands that the Non-Employee Director may, at any time, review Data and may provide updated Data or corrections to the Data by written notice to the Company. Except to the extent the collection, use,
processing or transfer of Data is required by law, the Non-Employee Director may object to the collection, use, processing or transfer of Data by contacting the Company in writing. The Non-Employee Director understands that such objection may affect
his/her ability to participate in the Plan. The Non-Employee Director understands that he/she may contact the Company’s Stock Plan Administration to obtain more information on the consequences of such objection. 

  
 9

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