Extension Letter to Employment and Termination Agreement between Carl Rossetti and Time Warner Entertainment Company, L.P.
This letter agreement, dated November 30, 2011, is between Carl Rossetti and Time Warner Entertainment Company, L.P., a subsidiary of Time Warner Cable Inc. It notifies Mr. Rossetti that the company is extending the term of his existing Employment and Termination Agreement by one year. Mr. Rossetti must sign and return the letter by December 20th to accept the extension; otherwise, it will be considered a voluntary termination of his employment without cause. The letter serves as formal notice and acceptance of the extension.
Exhibit 10.34
November 30, 2011
Carl Rossetti
Time Warner Cable Inc.
60 Columbus Circle
New York, NY 10023
Dear Carl:
In accordance with the provisions of Section 1 of the Amended and Restated Employment and Termination Agreement (the “Agreement”) dated as of June 1, 2000, as amended, between you and Time Warner Entertainment Company, L.P., a subsidiary of Time Warner Cable Inc. (the “Company”), notice is hereby given to you of the Company’s determination to extend the term of the Agreement for an additional year.
Please indicate your acceptance of the foregoing extension of the Agreement by signing the enclosed copy of this letter and returning it to Tammy A. Burns in Corporate Human Resources, Executive Compensation, in Charlotte, NC no later than December 20th. Pursuant to Section 1 of the Agreement, failure to do so will be deemed an election by you to terminate your employment without cause pursuant to Section 5(a) of the Agreement.
| Sincerely, | ||
| TIME WARNER ENTERTAINMENT COMPANY, L.P., a subsidiary of TIME WARNER CABLE INC. | ||
| By: | /s/ TOMAS MATHEWS | |
| TOMAS MATHEWS | ||
| EXECUTIVE VICE PRESIDENT, HUMAN RESOURCES | ||
AGREED AND ACCEPTED:
| Carl Rossetti |
| /s/ Carl Rossetti |
Date: 12/1/2011
