1 EXHIBIT 10 July 13, 1995 Mr. Nyberg Lars: This will confirm our understanding that a special Hiring Bonus will be payable to you in addition to the payments due to you under my April 18, 1995 offer of employment. A special Hiring Bonus of $118,000 will be payable to you in three $39,333 installments on June 1, 1996, June 1, 1997 and June 1, 1998. These payments are conditioned only upon your continued employment with AT&TGIS or AT&T. Sincerely, /s/ Hal Burlingame ------------------------- Harold W. Burlingame Senior Vice President 2 July 5, 1995 AT&T Share Price $ 54.000 June 1, 1995 AT&T Share Price $50.9375 Difference $ 3.062 $3.062 X 38,484 options = $117,838 = $118,000