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 Exhibit 10.12  

 
 

  AMENDED AND RESTATED EMPLOYMENT AGREEMENT    
    

        This AMENDED AND RESTATED EMPLOYMENT AGREEMENT is made as of December 18, 2008 (this
"Agreement") by and between Regal Entertainment Group, a Delaware corporation (the "Company"), and
Gregory W. Dunn ("Executive"). 

 RECITALS  

        In order to induce Executive to serve as President and Chief Operating Officer of the Company and as the President and Chief Operating
Officer of the Company's subsidiary, Regal Cinemas Corporation, the Company desires to provide Executive with compensation and other benefits on the terms and conditions set forth in this Agreement. 

        Executive
is willing to accept such employment and perform services for the Company, on the terms and conditions hereinafter set forth. 

        It
is therefore hereby agreed by and between the parties as follows: 

        1.    Employment. 

        1.1    Position.    Subject to the terms and conditions of this Agreement, the Company agrees to employ Executive
during the Term (as defined herein) as its President and Chief Operating Officer. In his capacity as the President and Chief Operating Officer of the Company, Executive shall have the powers,
responsibilities and authorities of chief operating officers of corporations of the size, type and nature of the Company, as it exists from time to time, as are assigned by the Chief Executive Officer
consistent with Executive's position. In his capacity as President and Chief Operating Officer of the Company's subsidiary, Regal Cinemas Corporation, Executive shall report to the Chief Executive
Officer of Regal Cinemas Corporation and shall have the powers, responsibilities and authorities of chief operating officers of corporations of the size, type and nature of Regal Cinemas Corporation,
as it exists from time to time, as are assigned by the Chief Executive Officer of Regal Cinemas Corporation consistent with Executive's position. At the request of the Company, Executive will serve as
an officer and/or director of any of the Company's other subsidiaries for no additional compensation. 

        1.2    Duties.    Subject to the terms and conditions of this Agreement, Executive hereby agrees to be employed as the
President and Chief Operating Officer of the Company and as the President and Chief Operating Officer of Regal Cinemas Corporation, and agrees to devote such working time and efforts (except for
permitted vacation periods and reasonable periods of illness and other incapacity), to the best of his ability, experience and talent, to the performance of services, duties and responsibilities in
connection therewith so that such performance shall be his primary business activity. Executive shall perform such duties and exercise such powers with respect to the activities of the Company,
commensurate with his position, as the President and Chief Operating Officer of the Company, as the Chief Executive Officer shall from time to time reasonably delegate to him. 

        1.3    Other Service.    Nothing in this Agreement shall preclude Executive from serving on boards of directors of
other companies or trade organizations and participating in charitable, community or religious activities that do not substantially interfere with his duties and responsibilities hereunder or conflict
with the interest of the Company. 

        1.4    Reporting.    Executive shall report directly to (a) Michael L. Campbell, Chief Executive Officer and
Chairman of the Board of Directors of the Company or (b) if Mr. Campbell is no longer employed by the Company, the then existing Chief Executive Officer of the Company. 

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        2.    Term. 

        2.1    Term of Employment.    Executive's term of employment under this Agreement shall commence as of the Effective
Date (as defined below), and, subject to the terms hereof, shall terminate on the earlier of (i) the third anniversary of the Effective Date, or (ii) termination of Executive's
employment pursuant to this Agreement (the "Term"); provided, however, that any termination of
employment by Executive (other than for death or Permanent Disability) or by the Company may only be made upon 90 days prior written notice to the other party hereto. Executive shall resign
from any and all positions, including board memberships, held by him with the Company or any subsidiary of the Company upon any termination of employment. 

        2.2    Extensions.    On each anniversary of the date hereof, commencing in 2009, one year shall be added to the
termination date specified in Section 2.1(i) hereof, so that as of each anniversary of the date hereof the remaining Term of Executive's employment as determined under Section 2.1(i)
hereof shall be three (3) years. 

        2.3    Effective Date.    This Agreement shall only be effective and enforceable by the Company or Executive as of the
date hereof (the "Effective Date"). 

        3.    Compensation. 

        3.1    Salary.    The Company shall pay Executive a base salary ("Base
Salary") at the rate of $427,500 per annum commencing on the beginning of Executive's term of employment hereunder. Base Salary shall be payable in accordance with the ordinary
payroll practices of the Company. The Compensation Committee of the Board of Directors of the Company will review Executive's salary at least annually and may increase (but not reduce) Executive's
Base Salary in its sole discretion. Once increased such Base Salary shall not be reduced, and, as so increased, shall constitute "Base Salary" hereunder. 

        3.2    Annual Bonus.    In addition to his Base Salary, Executive shall, commencing with the 2008 fiscal year and
continuing each fiscal year thereafter, be afforded a reasonable opportunity to earn an annual cash bonus (the "Bonus") during the Term. In determining
Executive's bonus, Executive's target bonus shall be at least 75% of Base Salary (the "Target Bonus") and Executive's stretch bonus shall be at least
100% of Base Salary. For 2008, Executive's Bonus shall be calculated in accordance with the Company's 2008 Bonus Plan as adopted by the Board. After 2008, the Compensation Committee, after
consultation with management, will in the last quarter of each year establish a reasonable performance target for the Company's bonus plan for the next year based on the actual and projected
performance of the Company. 

        4.    Employee Benefits. 

        4.1    Employee Benefit Programs, Plans and Practices.    The Company
shall during the Term provide Executive with coverage under all employee pension and welfare benefit programs, plans and practices (to the extent permitted under any employee benefit plan) in
accordance with the terms thereof, which the Company generally makes available to its senior executives. 

        4.2    Vacation.    While employed hereunder, Executive shall be entitled to no less than 20 business days paid
vacation in each calendar year, which shall be taken at such times as are consistent with Executive's responsibilities hereunder. 

        5.     Expenses.    Executive is authorized to incur reasonable expenses in carrying out his duties and
responsibilities under this Agreement. The Company will reimburse Executive for such expenses upon presentation by Executive from time to time of appropriately itemized and approved (consistent with
the Company's policy) accounts of such expenditures. 

2

 

        6.    Termination of Employment. 

        6.1    Termination Without Cause.    Except as provided in Section 6.3, if Executive's employment is terminated
by the Company (other than for Permanent Disability, death or Cause), Executive shall receive such payments, if any, under applicable plans or programs, including but not limited to those referred to
in Section 4.1 hereof, to which he is entitled pursuant to the terms of such plans or programs, and any unpaid payments of Base Salary previously earned, any unpaid Bonus earned or awarded for
prior periods, accrued vacation and expense incurred for which Executive is entitled to reimbursement hereunder. If Executive is terminated under this Section 6.1, Executive shall also be
entitled to receive: 

        (a)   an
amount in lieu of any other cash compensation beyond that provided in the immediately preceding sentence, which amount shall be equal to the sum of: 

        (i)    the
actual bonus, if any, he would have received in respect of the fiscal year in which his termination occurs, prorated by a fraction, the numerator of which is the
number of days in such fiscal year prior to the date of Executive's termination and the denominator of which is 365, payable at the same time as bonuses are paid to other executives; 

        (ii)   two
times Executive's annual Base Salary; plus one times Executive's Target Bonus; payable in a lump sum within 30 days following such termination of employment;
provided that if such termination occurs within 90 days prior to calendar year end, amount shall be payable on January 1 of the year following the date of the Executive's termination;
and 

        (b)   continued
coverage for a 24-month period under any employee medical, health and life insurance plans in accordance with the respective terms thereof
applicable to active employees (other than the requirement of continued employment); provided, however, that payments and benefits due hereunder shall be reduced by any amounts owed by Executive to
the Company. 

        In
no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this
Agreement and such amounts shall not be reduced whether or not Executive obtains other employment. 

        6.2    Termination For Good Reason.    Except as provided in Section 6.3, Executive may resign for Good Reason
(as defined below) if Executive provides written notification to the Company of the existence of a condition constituting Good Reason ("Notification") within ninety (90) days of the initial
existence of such condition ("Existence Date") and the resignation occurs within two (2) years of the Existence Date. If Executive resigns for Good Reason, Executive shall receive such
payments, if any, under applicable plans or programs, including but not limited to those referred to in Section 4.1 hereof, to which he is entitled pursuant to the terms of such plans or
programs, and any unpaid payments of Base Salary previously earned, any unpaid Bonus earned or awarded for prior periods, accrued vacation and expense incurred for which Executive is entitled to
reimbursement hereunder. If Executive resigns under this Section 6.2, Executive shall also be entitled to receive: 

        (a)   an
amount (the "Section 6.2 Termination Amount") in lieu of any other cash compensation beyond that provided in
the immediately preceding sentence, which amount shall be equal to the sum of: 

        (i)    the
actual bonus, if any, he would have received in respect of the fiscal year in which his resignation occurs, prorated by a fraction, the numerator of which is the
number of days in such fiscal year prior to the date of Executive's resignation and the denominator of which is 365, payable at the same time as bonuses are paid to other executives; 

        (ii)   two
times Executive's annual Base Salary; plus one times Executive's Target Bonus; payable in a lump sum within 30 days following such resignation of employment;
provided that 

3

 

if
such resignation occurs within 90 days prior to calendar year end, amount shall be payable on January 1 of the year following the date of the Executive's resignation; and 

        (b)   continued
coverage for a 24-month period under any employee medical, health and life insurance plans in accordance with the respective terms thereof
applicable to active employees (other than the requirement of continued employment); provided, however, that payments and benefits due hereunder shall be reduced by any amounts owed by Executive to
the Company. 

Good Reason shall be defined as one or more of the following conditions arising without the consent of the Executive and which has not been remedied by
the Company within thirty (30) days after receipt of the Notification: (i) a material reduction in Executive's Base Salary or the establishment of or any amendment to the annual cash
bonus plan which would materially impair the ability of the Executive to receive the Target Bonus (other than the establishment of reasonable EBITDA or other reasonable performance targets to be set
annually in good faith by the Board), (ii) a material diminution of Executive's titles, offices, positions or authority, excluding for this purpose an action not taken in bad faith; or the
assignment to Executive of any duties inconsistent with Executive's position (including status or reporting requirements), authority, or material responsibilities, or the removal of Executive's
authority or material responsibilities, excluding for this purpose an action not taken in bad faith, (iii) a transfer of Executive's primary workplace by more than fifty (50) miles from
the current workplace, (iv) a material breach of this Agreement by the Company, (v) Executive is not the President and Chief Operating Officer of Regal Cinemas Corporation or
(vi) Executive is not the President and Chief Operating Officer of the Company. 

        6.3    Termination During a Change of Control.    Notwithstanding Section 6.1 or 6.2, if within three months
prior to or one year after a Change of Control (as defined below), Executive's employment is terminated by the Company (other than for Permanent Disability, death or Cause) or Executive resigns for
Good Reason, Executive shall receive such payments, if any, under applicable plans or programs, including but not limited to those referred to in Section 4.1 hereof, to which he is entitled
pursuant to the terms of such plans or programs, and any unpaid payments of Base Salary previously earned, any unpaid Bonus earned or awarded for prior periods, accrued vacation and expense incurred
for which Executive is entitled to reimbursement hereunder. If Executive is terminated or resigns under this Section 6.3, Executive shall also be entitled to receive: 

        (a)   an
amount (the "Section 6.3 Termination Amount") in lieu of any other cash compensation beyond that provided in
the immediately preceding sentence, which amount shall be equal to the sum of: 

        (i)    the
actual bonus, if any, he would have received in respect of the fiscal year in which his termination or resignation occurs, prorated by a fraction, the numerator of
which is the number of days in such fiscal year prior to the date of Executive's termination or resignation and the denominator of which is 365, payable at the same time as bonuses are paid to other
executives; and 

        (ii)   two
times Executive's annual Base Salary; plus one and one half times Executive's Target Bonus payable in a lump sum within 30 days following such termination or
resignation of employment; provided that if such termination or resignation occurs within 90 days prior to calendar year end, amount shall be payable on January 1 of the year following
the date of the Executive's termination or resignation; and 

        (b)   continued
coverage for a 30-month period under any employee medical, health and life insurance plans in accordance with the respective terms thereof
applicable to active employees (other than the requirement of continued employment); provided, however, that payments and benefits due hereunder shall be reduced by any amounts owed by Executive to
the Company. 

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A
Change of Control shall be deemed to have occurred upon both of the following occurring: (A) any individual, entity, or group (within the
meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")), other than Anschutz Company,
The Anschutz Corporation, or any entity or organization controlled by Philip F. Anschutz (collectively, the "Anschutz Entities"), of beneficial
ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) acquires 20% or more of the combined voting power of the then-outstanding voting
securities of the Company entitled to vote generally in the election of directors ("Voting Power"); and (B) such beneficial ownership (as so
defined) by such individual, entity or group of more than 20% of the Voting Power then exceeds the beneficial ownership (as so defined) by the Anschutz Entities of the Voting Power. 

        6.4    Permanent Disability.    If Executive is unable to engage in the activities required by Executive's job by
reason of any medically determined physical or mental impairment which has lasted or can be expected to last for continuous period of not less than six (6) consecutive months
("Permanent Disability"), the Company or Executive may terminate Executive's employment on written notice thereof, and Executive shall receive or
commence receiving, as soon as practicable: 

        (i)    the
actual bonus, if any, he would have received in respect of the fiscal year in which his termination occurs, prorated by a fraction, the numerator of which is the
number of days of the fiscal year until termination and the denominator of which is 365, payable at the same time as bonuses are paid to other executives; and 

        (ii)   accrued
but unpaid Base Salary and such payments under applicable plans or programs, including but not limited to those referred to in Sections 4.1, 4.2 and 5
hereof, to which he is entitled pursuant to the terms of such plans or programs. 

        6.5    Death.    In the event of Executive's death during the Term, Executive's estate or designated beneficiaries
shall receive or commence receiving, as soon as practicable: 

        (i)    the
actual bonus, if any, he would have received in respect of the fiscal year in which his death occurs, prorated by a fraction, the numerator of which is the number of
days of the fiscal year until his death and the denominator of which is 365, payable at the same time as bonuses are paid to other executives; and 

        (ii)   accrued
but unpaid Base Salary and such payments under applicable plans or programs, including but not limited to those referred to in Sections 4.1, 4.2 and 5
hereof, to which Executive's estate or designated beneficiaries are entitled pursuant to the terms of such plans or programs. 

        6.6    Termination for Cause: Resignation by Executive.    

        (a)   The
Company shall have the right to terminate the employment of Executive for Cause. In the event that Executive's employment is terminated by the Company for Cause or
by Executive for any reason (other than by Executive for Good Reason or as a result of Executive's Permanent Disability or death) during the Term, Executive shall not be entitled to the payment of any
compensation otherwise included under this Agreement. After the termination of Executive's employment under this Section 6.6, the obligations of the Company under this Agreement to make any
further payments, or provide any benefits specified herein, to Executive shall thereupon cease and terminate. 

        (b)   As
used herein, the term "Cause" shall be limited to (i) any willful breach of any material written policy of the Company that results in material and
demonstrable liability or loss to the Company; (ii) the engaging by Executive in conduct involving moral turpitude that causes material and demonstrable injury, monetarily or otherwise, to the
Company, including, but not limited to, misappropriation or conversion of assets of the Company (other than immaterial assets); 

5

 

(iii) conviction
of or entry of a plea of nolo contendere to a felony; or (iv) a material breach of this Agreement by engaging in action in violation of the restrictive covenants in this
Agreement. No act or failure to act by Executive shall be deemed "willful" if done, or omitted to be done, by him in good faith and with the reasonable belief that his action or omission was in the
best interest of the Company. 

        7.     Indemnification.    To the fullest extent permitted by the indemnification provisions of the articles of
incorporation and bylaws of the Company in effect as of the date of this Agreement and the indemnification provisions of the corporation statute of the jurisdiction of the Company's incorporation in
effect from time to time (collectively, the "Indemnification Provisions"), and in each case subject to the conditions thereof, the Company shall
(i) indemnify Executive, as a director and officer of the Company or a subsidiary of the Company or a trustee or fiduciary of an employee benefit plan of the Company or a subsidiary of the
Company, or, if Executive shall be serving in such capacity at the Company's written request, as a director or officer of any other corporation (other than a subsidiary of the Company) or as a trustee
or fiduciary of an employee benefit plan not sponsored by the Company or a subsidiary of the Company, against all liabilities and reasonable expenses that may be incurred by Executive in any
threatened, pending, or completed action, suit or proceeding, whether civil, criminal or administrative, or investigative and whether formal or informal, because Executive is or was a director or
officer of the Company, a director or officer of such other corporation or a trustee or fiduciary of such employee benefit plan, and against which Executive may be indemnified by the Company, and
(ii) pay for or reimburse the reasonable expenses incurred by Executive in the defense of any proceeding to which Executive is a party because Executive is or was a director or officer of the
Company, a director or officer of such other corporation or a trustee or fiduciary of such employee benefit plan. The rights of Executive under the Indemnification Provisions shall survive the
termination of the employment of Executive by the Company. 

        8.     Notices.    All notices or communications hereunder shall be in writing, addressed as follows: 

To
the Company: 

Regal
Entertainment Group

7132 Regal Lane

Knoxville, TN 37918

Attn: Peter B. Brandow, Esq., General Counsel 

with
copies to: 

Anschutz
Investment Company

555 Seventeenth Street, Suite 2400

Denver, CO 80202

Attn: Scott Carpenter, President 

To
Executive: 

Mr. Gregory
W. Dunn

7809 Eden Lane

Knoxville, TN 37938 

Any
such notice or communication shall be delivered by hand or by courier or sent certified or registered mail, return receipt requested, postage prepaid, addressed as above (or to such other address
as such party may designate in a notice duly delivered as described above), and the third business day after the actual date of mailing shall constitute the time at which notice was given. 

        9.     Separability; Legal Fees    If any provision of this Agreement shall be declared to be invalid or unenforceable,
in whole or in part, such invalidity or unenforceability shall not affect the remaining provisions hereof which shall remain in full force and effect. The non-prevailing party shall bear
the 

6

 

costs
of any legal fees and other fees and expenses which may be incurred by the prevailing party in respect of enforcing its respective rights under this Agreement. 

        10.   Assignment.    This contract shall be binding upon and inure to the benefit of the heirs and representatives of
Executive and the assigns and successors of the Company, but neither this Agreement nor any rights or obligations hereunder shall be assignable or otherwise subject to hypothecation by Executive
(except by will or by operation of the laws of intestate succession) or by the Company, except that the Company may assign this Agreement to any successor (whether by merger, purchase or otherwise) to
all or substantially all of the stock, assets or businesses of the Company, if such successor expressly agrees to assume the obligations of the Company hereunder. 

        11.   Amendment.    This Agreement may only be amended by written agreement of the parties hereto. 

        12.   Nondisclosure of Confidential Information; Non-Competition. 

        (a)   Executive
shall not, without the prior written consent of the Company, use, divulge, disclose or make accessible to any other person, firm, partnership, corporation or
other entity any Confidential Information pertaining to the business of the Company or any of its affiliates, except (i) while employed by the Company, in the business of and for the benefit of
the Company, or (ii) as required by law. For purposes of this Section 12(a), "Confidential Information" shall mean non-public information concerning the financial data,
strategic business plans, product development (or other proprietary product data), customer lists, marketing, acquisition and divestiture plans and other non-public, proprietary and
confidential information of the Company, its subsidiaries, its
theater affiliates (the "Restricted Group") or suppliers (including, without limitation, any motion picture distributor or exhibitor) or vendors, that,
in any case, is not otherwise available to the public (other than by Executive's breach of the terms hereof). 

        (b)   During
the period of his employment hereunder and for one year thereafter (except in the case where Executive terminates his employment with the Company for the Good
Reason event described in clause (v) of the definition of "Good Reason"), Executive agrees that, without the prior written consent of the Company, (A) he will not, directly or
indirectly, either as principal, manager, agent, consultant, officer, stockholder, partner, investor, lender or employee or in any other capacity, carry on, be engaged in, or have any financial
interest in, any business in Competition (as defined in Section 12(c)) with the business of the Restricted Group and (B) he shall not, on his own behalf or on behalf of any person, firm
or company, directly or indirectly, solicit or hire for the benefit of anyone, other than the Restricted Group, any person who is, or was at any time during the six (6) months immediately
preceding the time of the solicitation or hiring by Executive employed by the Restricted Group (other than Executive's secretary or other administrative employee who worked directly for him). 

        (c)   For
purposes of this Section 12, a business shall be deemed to be in "Competition" with the Restricted Group if it operates any first-run movie
theater with a minimum of six (6) screens within ten (10) miles of any first-run movie theater with a minimum of six (6) screens operated by a member of the Restricted
Group. Nothing in this Section 12 shall be construed so as to preclude Executive from investing in any publicly or privately held company, provided Executive's beneficial ownership of any class
of such company's securities does not exceed 1% of the outstanding securities of such class. 

        (d)   Executive
and the Company agree that this covenant not to compete is a reasonable covenant under the circumstances, and further agree that if in the opinion of any court
of competent jurisdiction such restraint is not reasonable in any respect, such court shall have the right, power and authority to excise or modify such provision or provisions of this covenant as to
the court shall appear not reasonable and to enforce the remainder of the covenant as so 

7

 

amended.
Executive agrees that any breach of the covenants contained in this Section 12 would irreparably injure the Company. Accordingly, Executive agrees that the Company may, in addition to
pursuing any other remedies it may have in law or in equity, obtain an injunction against Executive from any court having jurisdiction over the matter restraining any further violation of this
Agreement by Executive and cease making any payments otherwise required by this Agreement; provided, however, that in the event a court of competent jurisdiction, which recognizes the validity of the
provisions of this Section 12, finds Executive not to be in violation of the provisions of this Section 12, then the Company shall pay to Executive, in a lump sum, within ten days of
such determination, all amounts that would have been payable to Executive hereunder through the date of such determination and continue making any other payments due with respect to periods of time
subsequent to such determination in accordance with the provisions of this Agreement. 

        13.   Beneficiaries; References.    Executive shall be entitled to select (and change, to the extent permitted under
any applicable law) a beneficiary or beneficiaries to receive any compensation or benefit payable hereunder following Executive's death, and may change such election, in either case by giving the
Company written notice thereof. In the event of Executive's death or a judicial determination of his incompetence, reference in this Agreement to Executive shall be deemed, where appropriate, to refer
to his beneficiary, estate or other legal representative, and the Company shall pay amounts payable under this Agreement, unless otherwise provided herein, in accordance with the terms of this
Agreement, to Executive's personal or legal representatives, executors, administrators, heirs, distributees, devisees, legatees or estate, as the case may be. Any reference to the masculine gender in
this Agreement shall include, where appropriate, the feminine. 

        14.   Survival.    The respective rights and obligations of the parties hereunder shall survive any termination of
this Agreement to the extent necessary to the intended preservation of such rights and obligations. The provisions of this Section 14 are in addition to the survivorship provisions of any other
section of this Agreement. 

        15.   Governing Law.    This Agreement shall be construed, interpreted and governed in accordance with the laws of
the state of Tennessee, without reference to rules relating to conflicts of law. 

        16.   Effect on Prior Agreements.    Except for amendments to this Agreement, this Agreement contains the entire
understanding between the parties hereto and supersedes in all respects any prior or other agreement or understanding between the Company or any affiliate of the Company and Executive. 

        17.   Withholding.    The Company shall be entitled to withhold from payment any amount of withholding required by
law. 

        18.   Counterparts.    This Agreement may be executed in two or more counterparts, each of which will be deemed an
original. 

*
* * * 

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        IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth in the first paragraph. 

							
	

 	
 	
 REGAL ENTERTAINMENT GROUP
	

 	
 	
 By:	
 	
/s/ MICHAEL L. CAMPBELL

 
	

 	
 	
 	
 	
Name	
 	
Michael L. Campbell
	

 	
 	
 	
 	
Title:	
 	
Chief Executive Officer and Chairman
	

 	
 	
EXECUTIVE
	

 	
 	
/s/ GREGORY W. DUNN

  Gregory W. Dunn

9

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 Exhibit 10.15  

 
    INDEMNITY AGREEMENT    
    

        This Indemnity Agreement, dated as
of                                    ,
20            , is made by and between Regal Entertainment Group, a Delaware
corporation (the "Company"),
and                                    (the "Indemnitee"). 

 RECITALS  

        A.    The
Company is aware that competent and experienced persons are increasingly reluctant to serve as directors, officers or agents of corporations unless they are protected
by comprehensive liability insurance or indemnification, due to increased exposure to litigation costs and risks resulting from their service to such corporations, and due to the fact that the
exposure frequently bears no reasonable relationship to the compensation of such directors, officers and other agents. 

        B.    The
statutes and judicial decisions regarding the duties of directors and officers are often difficult to apply, ambiguous, or conflicting, and therefore fail to provide
such directors, officers and agents with adequate, reliable knowledge of legal risks to which they are exposed or information regarding the proper course of action to take. 

        C.    Plaintiffs
often seek damages in such large amounts and the costs of litigation may be so large (whether or not the case is meritorious), that the defense and/or
settlement of such litigation is often beyond the personal resources of directors, officers and other agents. 

        D.    The
Company believes that it is unreasonable for its directors, officers and agents and the directors, officers and agents of its subsidiaries to assume the risk of
judgments and other expenses which may occur in cases in which the director, officer or agent received no personal benefit or was not culpable. 

        E.    The
Company recognizes that the issues in controversy in litigation against a director, officer or agent of a corporation such as the Company or its subsidiaries are
often related to the knowledge, motives and intent of such director, officer or agent, that he or she is usually the only witness with knowledge of the essential facts and exculpating circumstances
regarding such matters, and that the long period of time which usually elapses before the trial or other disposition of such litigation often extends beyond the time that the director, officer or
agent can reasonably recall such matters and may extend beyond the normal time for retirement for such director, officer or agent with the result that he or she, after retirement or in the event of
his or her death, his or her spouse, heirs, executors or administrators may be faced with limited ability and undue hardship in maintaining an adequate defense, which may discourage such a director,
officer or agent from serving in that position. 

        F.     Based
upon their experience as business managers, the Board of Directors of the Company (the "Board") has concluded that,
to retain and attract talented and experienced individuals to serve as directors, officers and agents of the Company and its subsidiaries and to encourage such individuals to take the business risks
necessary for the success of the Company and its subsidiaries, it is necessary for the Company to contractually indemnify its directors, officers and agents and the directors, officers and agents of
its subsidiaries, and has further concluded that the failure to provide such contractual indemnification could result in harm to the Company and its subsidiaries and the Company's stockholders. 

        G.    Section 145
of the General Corporation Law of the State of Delaware, under which the Company is organized
("Section 145"), empowers the Company to indemnify its directors, officers, employees and agents by agreement and to indemnify persons who serve,
at the request of the Company, as the directors, officers, employees or agents of other corporations or enterprises, and expressly provides that the indemnification provided by Section 145 is
not exclusive. 

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        H.    The
Company desires and has requested the Indemnitee to serve as a director, officer or agent of the Company and/or one or more subsidiaries of the Company free from
undue concern for claims for damages arising out of or related to such services to the Company and/or one or more subsidiaries of the Company. 

        I.     Indemnitee
is willing to serve the Company and/or one or more subsidiaries of the Company, provided that Indemnitee is furnished the indemnity provided for herein. 

 AGREEMENT  

        NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows: 

        1.    Definitions. 

        (a)   Agent.    For the purposes of this Agreement, "agent" of the Company means any person who is or was a director,
officer, employee or other agent of the Company or a subsidiary of the Company; or is or was serving at the request of, for the convenience of, or to represent the interests of the Company or a
subsidiary of the Company as a director, officer, employee or agent of another foreign or domestic corporation, partnership, joint venture, trust or other enterprise; or was a director, officer,
employee or agent of a foreign or domestic corporation that was a predecessor corporation of the Company or a subsidiary of the Company, or was a director, officer, employee or agent of another
enterprise at the request of, for the convenience of, or to represent the interests of such predecessor corporation. 

        (b)   Expenses.    For purposes of this Agreement, "expenses" include all out-of-pocket costs
of any type or nature whatsoever (including, without limitation, all attorneys' fees and related disbursements), actually and reasonably incurred by the Indemnitee in connection with either the
investigation, defense or appeal of a proceeding or establishing or enforcing a right to indemnification under this Agreement or Section 145 or otherwise; provided, however, that "expenses"
shall not include any judgments, fines, ERISA excise taxes or penalties, or amounts paid in settlement of a proceeding. 

        (c)   Proceeding.    For the purposes of this Agreement, "proceeding" means any threatened, pending, or completed
action, suit or other proceeding, whether civil, criminal, administrative, or investigative. 

        (d)   Subsidiary.    For purposes of this Agreement, "subsidiary" means any corporation of which more than 50% of the
outstanding voting power is owned directly or indirectly by the Company, by the Company and one or more other subsidiaries, or by one or more other subsidiaries. 

        2.     Agreement to Serve.    The Indemnitee agrees to serve as agent of the Company, at its will, so long as
Indemnitee is duly appointed or elected and qualified in accordance with the applicable provisions of the Bylaws of the Company or any subsidiary of the Company or until such time as Indemnitee
tenders his or her resignation in writing; provided, however, that nothing contained in this Agreement is intended to create any right to continued employment by Indemnitee. 

        3.     Liability Insurance. 

        (a)   Maintenance of D&O Insurance.    The Company hereby covenants and agrees that, so long as the Indemnitee shall
continue to serve as an agent of the Company and thereafter so long as the Indemnitee shall be subject to any possible proceeding by reason of the fact that the Indemnitee was an agent of the Company,
the Company, subject to Section 3(c), shall promptly obtain and maintain in full force and effect directors' and officers' liability insurance ("D&O
Insurance") in reasonable amounts from established and reputable insurers. 

2

 

        (b)   Rights and Benefits.    In all policies of D&O Insurance, the Indemnitee shall be named as an insured in such a
manner as to provide the Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company's directors. 

        (c)   Limitation on Required Maintenance of D&O Insurance.    Notwithstanding the foregoing, the Company shall have
no obligation to obtain or maintain D&O Insurance if the Company determines in good faith that such insurance is not reasonably available, the premium costs for such insurance are disproportionate to
the amount of coverage provided, the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit, or the Indemnitee is covered by similar insurance maintained
by a subsidiary of the Company. 

        4.     Mandatory Indemnification.    Subject to Section 10 below, the Company shall indemnify the Indemnitee as
follows: 

        (a)   Third Party Actions.    If the Indemnitee was or is a party or is threatened to be made a party to any
proceeding (other than an action by or in the right of the Company) by reason of the fact that Indemnitee is or was an agent of the Company, or by reason of anything done or not done by him or her in
any such capacity, the Company shall indemnify the Indemnitee against any and all expenses and liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes
and penalties, and amounts paid in settlement) actually and reasonably incurred by Indemnitee in connection with the investigation, defense, settlement or appeal of such proceeding, provided the
Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company and its stockholders, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his conduct was unlawful. 

        (b)   Other Actions.    If the Indemnitee was or is a party or is threatened to be made a party to any proceeding by
or in the right of the Company by reason of the fact that Indemnitee is or was an agent of the Company, or by reason of anything done or not done by him or her in any such capacity, the Company shall
indemnify the Indemnitee against all expenses actually and reasonably incurred by him in connection with the investigation, defense, settlement, or appeal of such proceeding, provided the Indemnitee
acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company and its stockholders; except that no indemnification under this
subsection 4(b) shall be made in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged to be liable to the Company by a court of competent jurisdiction
unless and only to the extent that the court in which such proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of
the case, Indemnitee is fairly and reasonably entitled to indemnity for such amounts which the court shall deem proper. 

        (c)   Actions where Indemnitee is Deceased.    If the Indemnitee was or is a party or is threatened to be made a
party to any proceeding by reason of the fact that Indemnitee is or was an agent of the Company, or by reason of anything done or not done by him or her in any such capacity, and if prior to, during
the pendency of or after completion of such proceeding Indemnitee dies, the Company shall indemnify the Indemnitee's heirs, executors and administrators against any and all expenses and liabilities of
any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes and penalties, and amounts paid in settlement) actually and reasonably incurred to the extent Indemnitee would
have been entitled to indemnification pursuant to Sections 4(a) or 4(b) above were Indemnitee still alive. 

        (d)   Limitations.    Notwithstanding the foregoing, the Company shall not be obligated to indemnify the Indemnitee
for expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes and penalties, and amounts paid in settlement) for which payment is actually
made to or on behalf of Indemnitee under a valid and collectible 

3

 

insurance
policy of D&O Insurance, or under a valid and enforceable indemnity clause, by-law or other agreement. 

        5.     Partial Indemnification.    If the Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for a portion of any expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes and penalties, and amounts paid
in settlement) incurred by Indemnitee in the investigation, defense, settlement or appeal of a proceeding, but not entitled, however, to indemnification for all of such expenses or liabilities, the
Company shall nevertheless indemnify the Indemnitee for such total amount of expenses or liabilities less the portion thereof to which the Indemnitee is not entitled. 

        6.     Mandatory Advancement of Expenses.    Subject to Section 9(a) below, the Company shall advance all
expenses incurred by the Indemnitee in connection with the investigation, defense, settlement or appeal of any proceeding to which the Indemnitee is a party or is threatened to be made a party, by
reason of the fact that the Indemnitee is or was an agent of the Company. Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall be determined ultimately
that the Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to the Indemnitee within twenty
(20) days following delivery of a written request therefor by the Indemnitee to the Company. In the event that the Company fails to pay expenses as incurred by the Indemnitee as required by
this paragraph, Indemnitee may seek mandatory injunctive relief from any court having jurisdiction to require the Company to pay expenses as set forth in this paragraph. If Indemnitee seeks mandatory
injunctive relief pursuant to this paragraph, it shall not be a defense to enforcement of the Company's obligations set forth in this paragraph that Indemnitee has an adequate remedy at law for
damages. 

        7.     Notice and Other Indemnification Procedures. 

        (a)   Notice by Indemnitee.    Promptly after receipt by the Indemnitee of notice of the commencement of or the
threat of commencement of any proceeding, the Indemnitee shall, if the Indemnitee believes that indemnification with respect thereto may be sought from the Company under this Agreement, notify the
Company of the commencement or threat of commencement thereof. 

        (b)   Notice by Company.    If, at the time of the receipt of a notice of the commencement of a proceeding pursuant
to Section 7(a) hereof, the Company has D&O Insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the
procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as
a result of such proceeding in accordance with the terms of such policies. 

        (c)   Defense.    In the event the Company shall be obligated to pay the expenses of any proceeding against the
Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, with counsel approved by the Indemnitee in Indemnitee's reasonable discretion, upon the delivery to
the Indemnitee of written notice of its election so to do. After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will
not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same proceeding, provided that (i) the Indemnitee shall
have the right to employ counsel in any such proceeding at the Indemnitee's expense; and (ii) if (A) the employment of counsel by the Indemnitee has been previously authorized by the
Company, (B) the Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct of any such defense, or (C) the
Company shall not, in fact, have 

4

 

employed
counsel to assume the defense of such proceeding, then the fees and expenses of Indemnitee's counsel shall be at the expense of the Company. 

        8.     Determination of Right to Indemnification. 

        (a)   Successful Defense.    To the extent the Indemnitee has been successful on the merits or otherwise in defense
of any proceeding (including, without limitation, an action by or in the right of the Company) to which the Indemnitee was a party by reason of the fact that he or she is or was an agent of the
Company at any time, the Company shall indemnify the Indemnitee against all expenses of any type whatsoever actually and reasonably incurred by Indemnitee in connection with the investigation, defense
or appeal of such proceeding. 

        (b)   Other Situations.    In the event that Section 8(a) is inapplicable, the Company shall also indemnify
the Indemnitee unless, and except to the extent that, the Company shall prove by clear and convincing evidence in a forum determined under Section 8(c) below that the Indemnitee has not met the
applicable standard of conduct required to entitle the Indemnitee to such indemnification. 

        (c)   Selection of Forum; Determination that Indemnification Proper.    The Indemnitee shall be entitled to select
the manner in which the validity of the Company's claim under Section 8(b) hereof that the Indemnitee is not entitled to indemnification will be determined from among the following: 

        (i)    By
a majority vote of the directors who are not parties to the proceeding for which indemnification is being sought, even though less than a quorum, or by a committee of
such directors designated by majority vote of such directors, even though less than a quorum; 

        (ii)   By
the stockholders of the Company; or 

        (iii)  If
there are no directors who satisfy the requirements of Section 8(c)(i) above, or if directors who satisfy the requirements of Section 8(c)(i) so
direct, by independent legal counsel selected by the Indemnitee, and approved by the Board in its reasonable discretion, which counsel shall make such determination in a written opinion. 

        (d)   Submission to Forum.    As soon as practicable and in no event later than thirty (30) days after written
notice of the Indemnitee's choice of manner pursuant to Section 8(c) above, the Company shall, at its own expense, submit to the selected forum its claim that the Indemnitee is not entitled to
indemnification; and the Company shall act in good faith to assure the Indemnitee a complete opportunity to defend against such claim. 

        (e)   Application to Court of Chancery.    Notwithstanding a determination by any forum listed in Section 8(c)
hereof that Indemnitee is not entitled to indemnification with respect to a specific proceeding, the Indemnitee shall have the right to apply to the Court of Chancery of Delaware, the court in which
that proceeding is or was pending or any other court of competent jurisdiction, for the purpose of enforcing the Indemnitee's right to indemnification pursuant to this Agreement. 

        (f)    Expenses Related to this Agreement.    Notwithstanding any other provision in this Agreement to the contrary,
the Company shall indemnify the Indemnitee against all expenses incurred by the Indemnitee in connection with any hearing or proceeding under this Section 8 involving the Indemnitee and against
all expenses incurred by the Indemnitee in connection with any other proceeding between the Company and the Indemnitee involving the interpretation or enforcement (subject to Section 11) of the
rights of the Indemnitee under this Agreement unless a court of competent jurisdiction finds that each of the claims and/or defenses of the Indemnitee in any such proceeding was frivolous or made in
bad faith. 

5

 

        9.     Exceptions.    Any other provision herein to the contrary notwithstanding, the Company shall not be obligated
pursuant to the terms of this Agreement: 

        (a)   Claims Initiated by Indemnitee.    To indemnify or advance expenses to the Indemnitee with respect to
proceedings or claims initiated or brought voluntarily by the Indemnitee and not by way of defense, unless (i) such indemnification is expressly required to be made by law, (ii) the
proceeding was authorized by the Board, (iii) such indemnification is provided by the Company, in its sole discretion, pursuant to the powers vested in the Company under the General Corporation
Law of the State of Delaware or (iv) the proceeding is brought to establish or enforce a right to indemnification or advancement of expenses under this Agreement or any other statute or law or
otherwise as required under Section 145; 

        (b)   Lack of Good Faith.    To indemnify the Indemnitee for any expenses incurred by the Indemnitee with respect to
any proceeding instituted by the Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that the material assertions made by the Indemnitee in such
proceeding were not made in good faith or were frivolous; or 

        (c)   Unauthorized Settlements.    To indemnify the Indemnitee for any amounts paid in settlement of a proceeding
unless the Company consents to such settlement, which consent shall not be unreasonably withheld. 

        10.   Non-exclusivity.    The provisions for indemnification and advancement of expenses set forth in
this Agreement shall not be deemed exclusive of any other rights that the Indemnitee may have under any provision of law, the Company's Certificate of Incorporation or Bylaws as in effect from time to
time, the vote of the Company's stockholders or disinterested directors, other agreements, or otherwise, both as to action in Indemnitee's official capacity and to action in another capacity while
occupying Indemnitee's position as an agent of the Company, and the Indemnitee's rights hereunder shall continue after the Indemnitee has ceased acting as an agent of the Company and shall inure to
the benefit of the heirs, executors and administrators of the Indemnitee. 

        11.   Enforcement.    Any right to indemnification or advancement of expenses granted by this Agreement to Indemnitee
shall be enforceable by or on behalf of Indemnitee in any court of competent jurisdiction if (i) the claim for indemnification or advances is denied, in whole or in part, or (ii) no
disposition of such claim is made within sixty (60) days of written request therefor. Indemnitee, in such enforcement action, if successful in whole or in part, shall be entitled to be paid
also the expense of prosecuting Indemnitee's claim. It shall be a defense to any action for which a claim for indemnification is made under this Agreement (other than an action brought to enforce a
claim for expenses pursuant to Section 6 hereof, provided that the required undertaking has been tendered to the Company) that Indemnitee is not entitled to indemnification because of the
limitations set forth in Sections 4 and 9 hereof. Neither the failure of the Company (including its Board of Directors or its stockholders) to have made a determination prior to the
commencement of such enforcement action that indemnification of Indemnitee is proper in the circumstances, nor an actual determination by the Company (including its Board of Directors or its
stockholders) that such indemnification is improper, shall be a defense to the action or create a presumption that Indemnitee is not entitled to indemnification under this Agreement or otherwise. 

        12.   Subrogation.    In the event the Company is obligated to make a payment under this Agreement, the Company shall
be subrogated to the extent of such payment to all of the rights of recovery under an insurance policy or any other indemnity agreement covering the Indemnitee, who shall execute all documents
required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights. 

6

 

        13.   Survival of Rights. 

        (a)   All
agreements and obligations of the Company contained herein shall continue during the period Indemnitee is an agent of the Company and shall continue thereafter so
long as Indemnitee shall be subject to any possible claim or threatened, pending or completed action, suit or proceeding, whether civil, criminal, arbitrational, administrative or investigative, by
reason of the fact that Indemnitee was serving in the capacity referred to herein. 

        (b)   The
Company shall require any successor to the Company (whether direct or indirect, by purchase, merger, consolidation or otherwise) or to all or substantially all of
the business or assets of the Company, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such
succession had taken place. 

        14.   Interpretation of Agreement.    It is understood that the parties hereto intend this Agreement to be
interpreted and enforced so as to provide indemnification to the Indemnitee to the fullest extent permitted by law, including in those circumstances in which indemnification would otherwise be
discretionary. 

        15.   Severability.    If any provision or provisions of this Agreement shall be held to be invalid, illegal or
unenforceable for any reason whatsoever, (i) the validity, legality and enforceability of the remaining provisions of the Agreement (including, without limitation, all portions of any
paragraphs of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected or
impaired thereby, and (ii) to the fullest extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraph of this Agreement containing any such
provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the provision
held invalid, illegal or unenforceable and to give effect to Section 14 hereof. 

        16.   Modification and Waiver.    No supplement, modification or amendment of this Agreement shall be binding unless
executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not
similar) nor shall such waiver constitute a continuing waiver. 

        17.   Notice.    All notices, requests, demands and other communications under this Agreement shall be in writing and
shall be deemed duly given (i) if delivered by hand and receipted for by the party addressee, (ii) if mailed by certified or registered mail with postage prepaid, on the third business
day after the mailing date or (iii) by reputable overnight courier service (delivery charges prepaid), on the first business day after the mailing date. Addresses for notice to either party are
as shown on the signature page of this Agreement, or as subsequently modified by written notice. 

        18.   Governing Law.    This Agreement shall be governed exclusively by and construed according to the laws of the
State of Delaware as applied to contracts between Delaware residents entered into and to be performed entirely within Delaware. 

        19.   Counterparts.    To facilitate execution, this Agreement may be executed in counterparts. It shall not be
necessary that the signature of or on behalf of each party appears on each counterpart, but it shall be sufficient that the signature of or on behalf of each party appears on one or more of the
counterparts. The counterparts shall together constitute a single agreement. 

*
* * 

7

 

        The
parties hereto have entered into this Indemnity Agreement effective as of the date first above written. 

					
	

 	
 	

THE COMPANY:
	
 	
 	
Regal Entertainment Group
	

 	
 	
 By:	
 	
  

 
	

 	
 	
Title	
 	

 
	

 	
 	
Address	
 	
7132 Regal Lane

Knoxville, TN 37918
	

 	
 	
INDEMNITEE:
	

 	
 	

 
	

 	
 	

 
	

 	
 	
Address	
 	

 
	

 	
 	
 	
 	

 
	

 	
 	
 	
 	

 

8

 
 Schedule of Agreements with Current Directors  

			
	Name

 
	 	Date of Agreement 
	 Thomas J. Bell, Jr. 
	 	January 1, 2007
	 Charles E. Brymer
	 	September 5, 2007
	 Michael L. Campbell
	 	January 1, 2007
	 Stephen A. Kaplan
	 	January 1, 2007
	 David Keyte
	 	February 22, 2007
	 Lee M. Thomas
	 	January 1, 2007
	 Jack Tyrrell
	 	January 1, 2007
	 Nestor R. Weigand, Jr. 
	 	January 1, 2007
	 Alex Yemenidjian
	 	January 1, 2007

9

QuickLinks

INDEMNITY AGREEMENT

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