America Online 2013 Annual Report Download - page 158

Download and view the complete annual report

Please find page 158 of the 2013 America Online annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 174

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174

Exhibit 10.39
FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT OF KAREN DYKSTRA
This FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT OF KAREN DYKSTRA (the “First Amendment”), by and between
AOL Inc., a Delaware corporation (“Company”), and Karen Dykstra (“Executive”) is made and entered into as of November 7, 2013 (the “Effective Date”).
WHEREAS, Executive and Company entered into an employment agreement dated as of September 19, 2012 (the “Employment Agreement”); and
WHEREAS, Company expanded Executive’s role at Company and, in accordance with the expanded responsibility, Company has agreed to change
certain terms of the Executive’s compensation and desires to amend the Employment Agreement to reflect these changes.
NOW, THEREFORE, in consideration of the promises and mutual covenants herein and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Executive and Company agree as follows:
1. Paragraph 2A of the Employment Agreement is replaced with the following new Paragraph 2A:
Duties. Executive shall be Chief Financial and Administrative Officer and an Executive Vice President of Company, effective as of July 1, 2013, and
shall perform all duties incident to such positions as well as any other lawful duties as may from time to time be assigned by the Chief Executive
Officer, which duties and authority shall be consistent, and those normally associated, with Executive’s position, and agrees to abide by all Company
by-laws, policies, practices, procedures, or rules, including Company’s Standards of Business Conduct (the “SBC”) that are provided or made
available to Executive. Executive shall report directly to the Chief Executive Officer. Executive will be expected to perform services for Company at
Company’s New York, New York office, subject to such travel as may be required in the performance of Executive’s duties.
2. Paragraph 4A of the Employment Agreement is hereby replaced with the following:
Base Salary. During the Employment Term and effective as of July 1, 2013 Company shall pay Executive a base salary at the rate of no less than
$31,250.00 semi-monthly, less applicable withholdings, which is $750,000.00 on an annual basis (“Base Salary”). Executive’s semi-monthly paydays
fall on the 15th and the last day of each month. If the 15 th or the last day of the month falls on a weekend or bank holiday, the payday is the preceding
business day. Executive’s Base Salary will be reviewed annually during the Employment Term and may be increased based on Executive’s individual
performance or increases in competitive market conditions. Executive’s Base Salary may be decreased upon mutual consent of Company and Executive.
1