Extension Letter to Employment Agreement between Time Warner Entertainment Company, L.P. and Mike LaJoie
This letter agreement extends the employment contract between Mike LaJoie and Time Warner Entertainment Company, L.P., a subsidiary of Time Warner Cable Inc. The extension continues all existing terms and conditions of the original agreement, moving the expiration date from December 31, 2011 to December 31, 2014. Mike LaJoie must sign and return the letter by December 20, 2011 to accept the extension; otherwise, it will be considered a voluntary termination of employment without cause.
Exhibit 10.40
December 2, 2011
Mike LaJoie
Time Warner Cable Inc.
60 Columbus Circle
New York, NY 10023
Dear Mike:
In accordance with Section 4.10 of the Employment 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., which Agreement expires on December 31, 2011, the Company hereby offers to extend the Agreement with the same terms and conditions until December 31, 2014.
Please indicate your acceptance of the foregoing extension of the Agreement by signing this letter and returning to Tammy A. Burns in Corporate Human Resources, Executive Compensation, in Charlotte, NC no later than December 20, 2011. Failure to do so will be deemed an election by you to terminate your employment without cause pursuant to Section 4.3 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:
| Mike LaJoie |
| /s/ Mike LaJoie |
Date: 12/6/2011
