Document:

exv10w9

IMAX CORPORATION

EXHIBIT 10.9

AMENDING AGREEMENT

This Amendment to Services Agreement dated as of February 14, 2011 (the “Amending Agreement”) is
made between:

IMAX CORPORATION, a corporation incorporated under the laws of Canada (hereinafter referred to as
the “Company”),

and

BRAD WECHSLER (the “Executive”)

WHEREAS, the Company wishes to enter into this Amending Agreement to amend and extend the Services
Agreement dated as of December 11, 2008 (the “Agreement”).

NOWTHEREFORE, in consideration of the premises and of the mutual covenants and agreements herein
contained, the parties hereto agree as follows:

Section 1 of the Agreement shall be deleted and replaced with the following:

	1.	 	Term. The term of the Agreement shall begin on the Effective Date and run through the
earlier of (i) such date that Chairman is not re-elected to the Board, and (ii) April 1, 2013
(the “Term") provided, however, that the Board agrees to use its best efforts
to cause Chairman to be re-elected to the Board in 2013 provided the Agreement has been
renewed for an additional term, unless Chairman has engaged in activity that would have
constituted dismissal for Cause as that term is defined in the Employment Agreement.
	 
	2.	 	General. Except as amended herein, all other terms of the Agreement shall remain in full
force and unamended.
	 
	 	 	DATED as of February 14, 2011.

	 	 	 	 	 
	 	AGREED AND ACCEPTED:

 	 
	 	/s/ Bradley J. Wechsler
 	 
	 	Bradley J. Wechsler 	 

	 	 	 	 	 
	 	IMAX CORPORATION

 	 
	 	Per  	/s/ Garth M. Girvan
 	 
	 	 	Name:  	Garth M. Girvan 	 
	 	 	Title:  	Directorexv10w16

IMAX CORPORATION

EXHIBIT 10.16

AMENDED EMPLOYMENT AGREEMENT

          This agreement amends the amended employment agreement (the “Agreement”) between Richard L.
Gelfond (the “Executive”) and IMAX Corporation (the “Company”) dated July 1, 1998, as amended, on
the same terms and conditions except as set out below:

	1.	 	Term. The term of the Agreement (the “Term”) is extended until December 31, 2012 (the “Term
End”).
	 
	2.	 	Cash Compensation. Effective January 1, 2011 (the “Renewal Commencement Date”), the
Executive shall be paid a base salary at the rate of $750,000 per year. Executive’s bonus
shall continue to be up to two times salary. Such bonus shall be at the discretion of the
Board of Directors and shall be based upon the success of the Company in achieving the goals
and objectives set by the Board after consultation with the Executive.
	 
	3.	 	SERP. In connection with that July 2000 Supplemental Executive Retirement Plan, as
amended (the “SERP”), the Executive and the Company agree that no compensation paid to
Executive between the Renewal Commencement Date and the Term End shall be included in the
calculation of benefits payable to Executive under the SERP (the “Gelfond SERP Payout”). The
Company agrees that it will investigate in good faith the notion of fixing the Gelfond SERP
Payout and will proceed to fix the Gelfond SERP Payout provided, and to the extent, (a) the
Company’s Board of Directors concludes it is in the reasonable best interests of the Company
to do so and (b) Executive agrees.
	 
	4.	 	Incentive Compensation. On December 31, 2010, the Executive shall be granted, in
accordance with the terms of the IMAX Stock Option Plan (the “Plan”), stock options to
purchase 800,000 common shares of the Company (the “Options”) at an exercise price per
Common Share equal to the Fair Market Value, as defined in the Plan. The Options shall
have a 10-year term and vest as follows:

	 	 	 	 	 
	Number of Options	 	Vesting Date	 
	160,000
	 	May 1, 2011
	160,000
	 	September 1, 2011
	160,000
	 	January 1, 2012
	160,000
	 	May 1, 2012
	160,000
	 	September 1, 2012

     The vesting of the Options shall be accelerated upon a “change of control” as defined in the
Agreement, and shall be governed, to the extent applicable, by the provisions in the Agreement
regarding change of control.

1

 

	5.	 	The entering into this agreement shall not prejudice any rights or waive any
obligations under any other agreement between the Executive and the Company.
	 
	 	 	DATED as of December 20, 2010.

	 	 	 	 	 

	 

	 	AGREED AND ACCEPTED:	 	 
	 
	 	 	 	 
	 

	 	/s/ Richard L. Gelfond
 

Richard L. Gelfond
	 	 
	 
	 	 	 	 

	 	 	 	 	 	 	 

	 	 	IMAX CORPORATION
	 
	 	 	 	 	 	 
	 

	 	Per:
	 	/s/ Garth M. Girvan
 

Name: Garth M. Girvan
	 	 
	 

	 	 	 	Title: Director	 	 

2exv10w24

IMAX CORPORATION

EXHIBIT 10.24

THIRD AMENDING AGREEMENT

This Amendment to Employment Agreement dated as of February 14, 2006 (the “Amending Agreement”) is
made between:

IMAX CORPORATION, a corporation incorporated under the laws of Canada (hereinafter referred to as
the “Company”),

and

ROBERT D. LISTER (the “Executive”)

WHEREAS, the Company wishes to enter into this Amending Agreement to amend and extend the
Employment Agreement dated as of May 17, 1999 between Imax Ltd, the Company and Executive, as
modified and amended by those Amending Agreements dated as of April 4, 2001 and January 1, 2004,
(together, the “Agreement”), whereunder the Executive provides services to the Company, and the
Executive wishes to so continue such engagement, as hereinafter set forth;

AND WHEREAS, on January 1, 2001 Imax Ltd. assigned all of its rights and obligations pursuant to
the Agreement to the Company, and the Executive has consented to such assignment;

NOW, THEREFORE, in consideration of good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto agree as follows:

1. Section 1.3 of the Agreement shall be deleted and replaced with the following:

“Section 1.3 Term of Employment. The Employee’s employment under this Agreement
commenced on the 17th day of May, 1999 (the “Commencement Date”) and shall terminate on the earlier
of (i) January 1, 2008, or (ii) the termination of the Employee’s employment pursuant to this
Agreement. The period commencing as of the Commencement Date and ending on January 1, 2008 or such
later date to which the term of the Employee’s employment under this Agreement shall have been
extended is hereinafter referred to as the “Employment Term.”

2. Section 2.1 of the Agreement shall be deleted and replaced with the following:

“Section 2.1 Base Salary. Effective January 1, 2006, the Executive’s Base Salary shall be

US$ 365,700. Effective January 1, 2007, the Executive’s
Base Salary shall be US$ 402,270.”

 

 

3. Section 6 of the Agreement shall be deleted and replaced with the following:

Subject to Section 7.1 and 7.2, the Executive shall be required to mitigate the amount of any
payment provided for in Section 4.1.1 (other than the Termination Payment) by seeking other
employment or remunerative activity reasonably comparable to his duties hereunder, and, upon
Executive’s obtaining such other employment or remunerative activity any payment to be made by the
Company under Section 4.1.1 (other than the Termination Payment) will be reduced by a total of
one-quarter (1/4) of the amount of such payment prior to the Executive’s obtaining new employment
or remunerative activity. Notwithstanding anything herein to the contrary, in the event that there
is either (a) a change in control of the Company i.e. any person, or group of persons acting in
concert, other than Bradley J. Wechsler and Richard L. Gelfond, acquiring greater than fifty
percent (50%) of the outstanding common shares of the Company, whether by direct or indirect
acquisition or as a result of a merger or reorganization; or (b) a significant change in the
Executive’s reporting relationship (either, a “Non-Mitigation Event”), then, if at any time
subsequent to the occurrence of such Non-Mitigation Event the Executive is terminated from the
Company Without Cause, (i) Executive shall have no obligation to mitigate the amounts provided in
Section 4.1.1, and (ii) the Severance Period (as defined in Section 4.1.1) shall be a minimum of
eighteen (18) months in duration. For clarity, a termination of Executive’s employment Without
Cause shall include, but not be limited to, the events cited in Section 2.3(b)(iii) and (iv), and a
termination by virtue of the expiry of the Agreement.

4. The parties confirm that the August 21, 2000 letter agreement with regard to Executive’s
incentive payments and benefits remains in full force and effect and Executive shall be entitled to
US$ 107,500 thereunder from the Company upon a termination Without Cause within two (2) years of the
completion of a Transaction (as defined therein).

5. Effective as soon as is practicable after the date hereof, the Executive shall be granted
non-qualified
options (the “Options”) to purchase 50,000 shares of common stock of the Company (the “Common
Shares”), at an exercise price per Common Share equal to the Fair Market Value, as defined in the
Company’s Stock Option Plan. The Options shall vest as to 10% on the first anniversary of the
grant date, 15% on the second anniversary of the grant date, 20% on the third anniversary of the
grant date, 25% on the fourth anniversary of the grant date and 30% on the fifth anniversary of the
grant date, and shall otherwise be treated in accordance with the terms of Section 2.3 of the
Agreement.

 

 

Except as amended herein, all other terms of the Agreement shall remain in full force, unamended.

IN WITNESS WHEREOF, the Company and the Executive have duly executed and delivered this Amending
Agreement on this 14th day of February, 2006.

	 	 	 	 	 	 	 

	 	 	IMAX CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	“Richard L. Gelfond”
 

	 	 
	 

	 	 	 	Name: Richard L. Gelfond 

Title: Co-Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	“Bradley J. Wechsler”
 

Name: Bradley J. Wechsler
	 	 
	 

	 	 	 	Title: Co-Chief Executive Officer	 	 

	 	 	 	 	 

	SIGNED, SEALED AND DELIVERED

	 	EXECUTIVE:	 	 
	in the presence of:
	 	 	 	 
	 
	 	 	 	 
	             “Stephen G. Abraham”
 

Witness Stephen G. Abraham

	 	“ Robert D. Lister”
 

Robert D. Lister

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