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Approved by Benefits Officer 8/4/00
AMENDMENT NO. 9
TO THE
TIME WARNER INC.
DEFERRED COMPENSATION PLAN
1. Section 3.2 is amended by adding the following new subsection 3.2(c)
and renumbering the prior subsection 3.2(c) as new subsection 3.2(d):
(c) Effective on and after August 1, 2000, the Company or
another Employing Company may designate a special bonus to
be paid to an Eligible Employee under an agreement with such
employee as eligible for deferral, subject to the terms of
such agreement. Any such deferral so elected shall be made
in the same manner as provided for in subsection (a).