America Online 2009 Annual Report Download - page 155

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above, AOL will pay any remaining, unpaid Bonus Payment, less applicable withholdings, within four (4) weeks of its receipt of your executed
separation agreement.
f. CNPR Agreement/Non-Disparagement. You agree to comply with the current version of the Company's Confidentiality, Non-competition and
Proprietary Rights Agreement (the "CNPR Agreement") which is incorporated herein by reference. In addition, you agree not to make any
disparaging or untruthful remarks or statements about the Company, its officers, directors, employees or agents, and to comply with the Standards
of Business Conduct and all other relevant policies of the Company.
g. Confidentiality. You agree to keep the existence and details of the Retention Bonus Program, including your participation in the Retention Bonus
Program, strictly confidential. Any breach of this provision shall result in forfeiture of your eligibility for the Bonus Payment or your return of
the Bonus Payment to the Company if previously paid to you.
All other terms and conditions of your employment with the Company remain in full force and effect. Your employment with the Company remains at-will,
unless otherwise provided in a separate writing signed by an authorized officer of the Company. Nothing in this letter or the Retention Bonus Program is
intended to create a contract for employment or guarantee of continued employment with the Company for any period of time. The Bonus Program is a
discretionary incentive provided by the Company. It is not intended to be a payment of wages for services performed and no entitlement to any bonus
payment should arise unless all of the stated terms and conditions of this Bonus Program have been satisfied in the Company's sole and absolute discretion.
Please sign and date a copy of this memo and return it to Gillian Pon, via fax (703-265-7825) or interoffice mail by April 30th , 2009 if you wish to participate
in this Retention Bonus Program. If you have any questions, please do not hesitate to contact People Direct ([email protected]).
ACCEPTED: /s/ Theodore Russell Cahall Jr. DATE: 4/3/09
Theodore Russell Cahall Jr.