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2/28/2012 12:55 AM ET

AOL Inc. (AOL: Quote), in a Securities and Exchange Commission filing, said its Chief Technology Officer, Alexander Gounares, is resigning from the company for personal reasons and to pursue other interests. Gounares has agreed to remain for a transition period.

In exchange, the company has agreed to waive repayment of the pro rata portion of the signing bonus that Gounares received upon commencement of his employment with the company and that Gounares would have otherwise been required to repay the company in the event he resigned prior to May 13, 2013.

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