Amendment to Employment Agreement between Time Warner Cable Inc. and Peter Stern (Extension of Term)
This letter agreement between Time Warner Cable Inc. and Peter Stern extends the term of Mr. Stern's existing Employment Agreement from its original expiration date of October 31, 2014, to December 31, 2016. All other terms and conditions of the original agreement remain unchanged. Mr. Stern must sign and return this letter by January 31, 2014, to accept the extension.
Exhibit 10.3
January 13, 2014
Mr. Peter Stern
60 Columbus Circle
New York, NY 10023
Dear Peter:
Pursuant to Section 1 of the Employment Agreement effective as of November 1, 2011 between you and Time Warner Cable Inc. (the “Agreement”), the Agreement expires on October 31, 2014. This letter offers to amend the Agreement to extend the term through December 31, 2016. All other provisions of the Agreement will remain unchanged and in full force and effect.
Please indicate your acceptance of the foregoing extension of the term of your Agreement by executing this letter no later than January 31, 2014 and returning it immediately via interoffice mail to: Brad Donnelly, HR-Executive Compensation, Charlotte, NC.
| Sincerely, | ||
| TIME WARNER CABLE INC. | ||
| By: | /s/ Rob Marcus | |
| Rob Marcus | ||
| Chairman and Chief Executive Officer | ||
| AGREED AND ACCEPTED: | ||
| Peter Stern | ||
| /s/ Peter Stern | ||
| Date: | January 15, 2014 | |
