Extension Letter to Employment and Termination Agreement between Marc J Lawrence-Apfelbaum and Time Warner Entertainment Company, L.P.
This letter agreement extends the term of Marc J Lawrence-Apfelbaum's Employment and Termination Agreement with Time Warner Entertainment Company, L.P., a subsidiary of Time Warner Cable Inc., for an additional year. Marc is required to sign and return the letter by December 20th to accept the extension. If he does not respond by the deadline, it will be considered a voluntary termination of his employment without cause under the terms of the original agreement.
Exhibit 10.46
November 30, 2011
Marc J Lawrence-Apfelbaum
Time Warner Cable Inc.
60 Columbus Circle
New York, NY 10023
Dear Marc:
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:
| Marc J Lawrence-Apfelbaum |
| /s/ Marc J Lawrence-Apfelbaum |
Date: December 2, 2011
