Extension Letter to Employment Termination Agreement between Time Warner Entertainment Company, L.P. and Carl Rossetti

Summary

This letter agreement extends Carl Rossetti's Employment Termination Agreement with Time Warner Entertainment Company, L.P., a subsidiary of Time Warner Cable Inc., for an additional year. The extension sets a minimum base salary of $500,000 and a bonus target equal to 100% of the base salary. Carl Rossetti must sign and return the letter by December 20th to accept the extension; otherwise, it will be considered a voluntary termination of employment without cause under the original agreement.

EX-10.37 5 g22094exv10w37.htm EX-10.37 exv10w37

EXHIBIT 10.37

November 23, 2009

Carl Rossetti
Time Warner Cable Inc.
60 Columbus Circle
New York, New York 10023

Dear Carl:

In accordance with the provisions of Section 1 of the Amended and Restated Employment 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 with a minimum base salary of $500,000 and a bonus target of 100% of your base salary.

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 20^th. 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:		December 9, 2009