0001193125-14-031222 Sample Contracts

Contract
Employment Agreement • January 31st, 2014 • Time Inc. • Periodicals: publishing or publishing & printing • New York

EMPLOYMENT AGREEMENT (the “Agreement”) made December 2, 2011 effective as of January 9, 2012 (the “Effective Date”) between TIME INC., a Delaware corporation (the “Company”), and LAURA LANG (“You”).

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July 21, 2010 Maurice Fahrie Edelson c/o Time Inc. New York, NY 10020 Dear Maurice:
Time Inc. • January 31st, 2014 • Periodicals: publishing or publishing & printing • New York

You are currently employed by Time Inc. (the “Company”) pursuant to an Employment Agreement dated September 16, 2008 (the “Prior Agreement”). This Agreement (“Agreement”) amends and restates the terms of your employment with the Company and supersedes the Prior Agreement as of the date hereof.

Contract
Employment Agreement • January 31st, 2014 • Time Inc. • Periodicals: publishing or publishing & printing • New York

EMPLOYMENT AGREEMENT (the “Agreement”) made and effective as of October 31, 2013 between TIME INC., a Delaware corporation (the “Company”), and JEFFREY J. BAIRSTOW (“You”).

July 26, 2010 Dear Evelyn:
Time Inc. • January 31st, 2014 • Periodicals: publishing or publishing & printing • New York

You are currently employed by IPC Media Limited, a subsidiary of Time Inc. (the “Company”), pursuant to an Employment Agreement effective April 4, 2003 (the “Prior Agreement”). This Agreement (“Agreement”) amends and restates the terms of your employment with the Company and supersedes the Prior Agreement as of January 1, 2011 (the “Effective Date”).

TIME INC. NEW YORK, NY 10020
Time Inc. • January 31st, 2014 • Periodicals: publishing or publishing & printing • New York

Reference is hereby made to your employment agreement made December 18, 2012 and effective January 1, 2013 (the “Employment Agreement”). Capitalized terms used herein but not otherwise defined in this letter agreement (the “Letter Agreement”) shall have the meanings given such terms in the Employment Agreement. We have agreed that your employment with the Company will be terminated and the provisions of Section 5.4 of your Employment Agreement will apply, subject to the modifications set forth in this Letter Agreement (which modifications shall be deemed to constitute an amendment to your Employment Agreement). This Letter Agreement serves as your notice under Section 5.4 and sets forth the understandings between the Company and you concerning the termination of your employment and your entitlements under the Employment Agreement.

July 20, 2010 Howard M. Averill c/o Time Inc. New York, NY 10020 Dear Howard:
Employment Agreement • January 31st, 2014 • Time Inc. • Periodicals: publishing or publishing & printing • New York

This will confirm our discussions concerning the terms and conditions of your employment with Time Inc. (the “Company”) and will constitute our agreement (“Agreement”) as follows:

TIME INC. NEW YORK, NEW YORK 10020
Time Inc. • January 31st, 2014 • Periodicals: publishing or publishing & printing • New York

Reference is made to your Employment Agreement dated December 2, 2011 and effective as of January 9, 2012 (the “Employment Agreement”) with Time Inc. (the “Company”). Capitalized terms used herein but not otherwise defined in this letter agreement (“Letter Agreement”) shall have the meanings given such terms in the Employment Agreement. We have agreed that your employment with the Company will be terminated and the provisions of Section 4.2 of your Employment Agreement will apply, subject to the modifications set forth in this Letter Agreement (which modifications shall be deemed to constitute an amendment to your Employment Agreement). This Letter Agreement sets forth the understandings between the Company and you concerning the termination of your employment and your entitlements under the Employment Agreement.

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