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– Release Delayed ·As Of Filer Filing For·On·As Docs:Size Issuer Agent 10/26/09 AOL Inc. 10-12B/A¶ 39:7.1M Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 10-12B/A Form 10 Amendment #2 HTML 121K 39: CORRESP ¶ Comment-Response or Other Letter to the SEC HTML 42K 2: EX-2.1 Plan of Acquisition, Reorganization, Arrangement, HTML 251K Liquidation or Succession 3: EX-3.1 Articles of Incorporation/Organization or By-Laws HTML 25K 4: EX-8.1 Opinion re: Tax Matters HTML 24K 5: EX-10.1 Material Contract HTML 86K 6: EX-10.2 Material Contract HTML 68K 7: EX-10.3 Material Contract HTML 206K 8: EX-10.4 Material Contract HTML 112K 9: EX-10.5 Material Contract HTML 41K 10: EX-10.66 Material Contract HTML 30K 11: EX-10.67 Material Contract HTML 14K 12: EX-10.68 Material Contract HTML 876K 13: EX-10.69 Material Contract HTML 24K 14: EX-10.70 Material Contract HTML 22K 15: EX-10.71 Material Contract HTML 19K 16: EX-10.72 Material Contract HTML 20K 17: EX-10.73 Material Contract HTML 210K 18: EX-10.74 Material Contract HTML 362K 19: EX-10.75 Material Contract HTML 20K 20: EX-10.76 Material Contract HTML 26K 21: EX-10.77 Material Contract HTML 301K 22: EX-10.78 Material Contract HTML 43K 23: EX-10.79 Material Contract HTML 214K 24: EX-10.80 Material Contract HTML 15K 25: EX-10.81 Material Contract HTML 117K 26: EX-10.82 Material Contract HTML 91K 27: EX-10.83 Material Contract HTML 60K 28: EX-10.84 Material Contract HTML 28K 29: EX-10.85 Material Contract HTML 31K 30: EX-10.86 Material Contract HTML 17K 31: EX-10.87 Material Contract HTML 48K 32: EX-10.88 Material Contract HTML 50K 33: EX-10.89 Material Contract HTML 45K 34: EX-10.90 Material Contract HTML 37K 35: EX-10.91 Material Contract HTML 79K 36: EX-10.93 Material Contract HTML 50K 37: EX-21.1 Subsidiaries HTML 27K 38: EX-99.1 Information Statement HTML 1.96M
EXHIBIT 10.86 |
Exhibit 10.86
|
Mark A.Wainger Senior Vice President Global Compensation & Benefits |
Via Email and Overnight Delivery
Mr. Ron Grant
AOL LLC
770 Broadway
Re: Equity Grants
Dear Ron:
We are sending you this letter to advise you of changes related to future equity grants you may receive from Time Warner Inc. On Wednesday, February 18, 2009, the Compensation and Human Development Committee of the Board of Directors of Time Warner Inc. approved amending your employment agreement to provide for a modification to the terms of any future equity grants awarded to you by Time Warner Inc. with respect to their treatment in the event that your employment with AOL LLC were terminated without cause.
Specifically, the Compensation and Human Development Committee of the Board of Directors of Time Warner Inc. approved the following: in the event of a termination of your employment with AOL LLC by AOL LLC without cause, all stock options to purchase shares of Time Warner Common Stock granted to you on or after February 18, 2009, shall vest and become immediately exercisable on the earlier of the Severance Term Date or the Equity Cessation Date (as such terms are defined in the Amended and Restated Employment Agreement that was delivered to you in November 2008), and shall remain exercisable for a period of three years after the earlier of the Severance Term Date or the Equity Cessation Date (but not beyond the term of such stock options) and AOL LLC and Time Warner Inc. shall not be permitted to determine that your employment was terminated for “unsatisfactory performance” within the meaning of any stock option agreement between you and Time Warner Inc. In addition, subject to potential further delay in payment resulting from Section 409A of the Internal Revenue Code, the vesting of any awards of RSUs granted to you on or after February 18, 2009, and held at the Effective Termination Date of a termination of your employment without cause will accelerate upon, and the shares of Time Warner Common Stock will be paid to you promptly following, the Effective Termination Date of such a termination of employment.
Time Warner Inc. • One Time Warner Center, 16th Floor • New York, NY 10019-8016
T 212.484.6475 • F 212.484.7181 • mark.wainger@timewarner.com
To apply this modified treatment to the equity grants that are anticipated to be made by Time Warner Inc. to you on February 20, 2009, you will need to sign and return this letter to me by fax (212 484-7181) or in an email with a PDF no later than the close of business on February 19, 2009 acknowledging your agreement to the modifications described herein. AOL LLC will then amend and restate your employment agreement to reflect the changes described in this letter.
Please let me know if you have any questions about the information provided to you in this letter.
Sincerely,
/s/ Mark Wainger |
Senior Vice President, Global Compensation and Benefits Time Warner Inc. |
Acknowledged and Agreed to: |
/s/ Ron Grant |
Ron Grant |
This ‘10-12B/A’ Filing | Date | Other Filings | ||
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Filed on: | 10/26/09 | None on these Dates | ||
2/20/09 | ||||
2/19/09 | ||||
2/18/09 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/09/09 SEC UPLOAD¶ 9/22/17 1:16K AOL Inc. |