SEC Contract Filing

Filing Date: 2025-02-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.41
<SEQUENCE>4
<FILENAME>exhibit1041schmidtagreement.htm
<DESCRIPTION>EX-10.41
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2025 Workiva -->
<title>Document</title></head><body><div id="if0697d40479043948c2e44afdaa84bea_77"></div><div style="min-height:63pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font></div><div style="padding-left:72pt"><font><br></font></div></div><div style="padding-left:72pt;padding-right:1.5pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Exhibit 10.41</font></div><div style="padding-left:72pt;padding-right:1.5pt"><img alt="image_0.jpg" src="image_0.jpg" style="height:52px;margin-bottom:5pt;vertical-align:text-bottom;width:43px"></div><div style="padding-left:72pt;padding-right:1.5pt"><font><br></font></div><div style="padding-right:1.5pt"><font><br></font></div><div style="margin-bottom:6pt;padding-left:36pt;padding-right:1.5pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">December 10, 2024 </font></div><div style="margin-bottom:6pt;padding-left:36pt;padding-right:1.5pt;text-indent:36pt"><font><br></font></div><div style="padding-left:72pt;padding-right:1.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Ms. Colleen Schmidt</font></div><div style="padding-left:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">c&#47;o Altice USA, Inc.</font></div><div style="padding-left:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">1 Court Square</font></div><div style="padding-left:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Long Island City, NY 11101</font></div><div style="margin-bottom:6pt;margin-top:0.35pt;padding-left:72pt;padding-right:1.5pt"><font><br></font></div><div style="margin-bottom:6pt;margin-top:4.5pt;padding-left:72pt;padding-right:1.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Dear Colleen&#58;</font></div><div style="margin-bottom:6pt;padding-left:72pt;text-align:justify;text-indent:72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In order to ensure a seamless and successful transition to the next Executive Vice President, Human Resources (&#8220;EVP, HR,&#8221; and your successor, the &#8220;Successor&#8221;) of Altice USA, Inc., a Delaware corporation (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;), you and the Company agree to the terms of this transition Agreement (this &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;), which confirms the changes to your relationship with the Company and its subsidiaries and affiliates (together with the Company, the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Company Group</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;), and further sets forth the terms of your advisory services to the Company. Your resignation from the Company shall become effective on March 28, 2025, or such earlier date as your employment with the Company terminates due to your resignation or a termination for Cause (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Separation Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;). </font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:108pt;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;padding-left:27pt;text-decoration:underline">Transition Period and Separation</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">.</font></div><div style="margin-bottom:6pt;padding-left:72pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:27.46pt">Effective December 31, 2024 (the &#8220;Transition Date&#8221;), you and the Company agree that you will cease to be employed as the Company&#8217;s EVP, HR and will immediately become employed as a non-executive Senior Advisor to the CEO until the Separation Date (&#8220;Transition Period&#8221;). Accordingly, you will no longer serve as an executive officer or Section 16 reporting person of the Company. Until the Separation Date, you shall cooperate with the Company to transition the EVP, HR duties to your successor and, in your capacity as Senior Advisor to the CEO, you shall advi