America Online 2010 Annual Report Download - page 227

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Exhibit 10.25
March 30, 2010
Dear Julie:
I wanted to begin by saying thank you for all the hard work in 2009 and so far in 2010. As I previously spoke to, we are expecting great performance and thus
we continue to invest in our employees. This memo will outline how we are investing in you!
First, the Cash Retention Program, which was put in place for our employees in 2009 as a replacement to the equity program (TW Stock), will pay out in
April.
You are scheduled to receive $45,000.00 as a one-time, discretionary cash retention bonus payment ("Retention Bonus Program") payable on April 15, 2010,
pursuant to the terms of the program outlined in your memorandum dated April 1, 2009.
The second program is the RSU Make-Good Program. We recognize the contributions you have made to AOL before, during and after we went public. In
that spirit, our CEO and Board of Directors have generously agreed to institute a cash bonus plan designed to compensate you for forfeited Time Warner Inc.
restricted stock units ("RSUs") upon AOL's Spin-Off in December.
The total value of your forfeited RSUs is $98,895.48. This is based on multiplying the total number of RSUs you forfeited upon the Spin-Off by $31.05 (the
average of the high and low price of a share of Time Warner Inc. common stock on the Spin-Off Date on 12/9). As long as you are an active employee in
good standing on the payment dates, you will receive a cash payment based on the following:
Percent of Total Your Award
Forfeited RSU Value Payment Date: Amount
25% April 15, 2010 $ 24,723.87
25% April 15, 2011 $ 24,723.87
50% April 13, 2012 $ 49,447.74
Attached are the terms and conditions of this program. Please review these carefully. We appreciate your continued contributions to the success of the
company. Again, please remember this RSU program is another example of our investing in our people and we need to respond with exceptional performance
for 2010 and beyond.
Please direct any questions to [email protected].
Go AOL!
/s/ Dave Harmon
Dave Harmon
Human Resources and Corporate Services