Document:

exv10w53

Exhibit 10.53

September 22, 2008

Mr. Michael Burns

Santa Monica, CA 90405

RE: Amendment of Employment Agreement

Dear Mr. Burns,

     Reference is hereby made to that certain agreement (the “Agreement”) dated as of September 1,
2006 between Lions Gate Entertainment Corp. (“Lions Gate”) and Michael Burns (“Burns”) with respect
to Burns’ employment by Lions Gate. The purpose of this letter agreement is, for good and valuable
consideration, to amend certain provisions of the Agreement as follows:

     1. Section 2 of the Agreement is hereby amended and restated, effective immediately, to read
in its entirety as follows:

“2. Term. Burns’ employment term under this Agreement shall commence on
September 1, 2006 and continue through and including September 1, 2011 (the
“Term”).”

     2. Section 3 of the Agreement is hereby amended and restated, effective immediately, to read
in its entirety as follows:

“3. Base Salary. Lions Gate shall pay Burns an annual fixed salary of
US$750,000 from September 1, 2006 through September 9, 2008 (“Base Salary — Period
1”), US$925,000 from September 10, 2008 through September 1, 2010 (“Base Salary —
Period 2”) and US$950,000 from September 2, 2010 through September 1, 2011 (“Base
Salary — Period 3”) payable in equal installments in accordance with Lions Gate’s
standard payroll practices (Base Salary — Period 1, Base Salary — Period 2 and Base
Salary — Period 3 collectively referred to herein as the “Base Salary”).”

     3. Section 6 of the Agreement is hereby amended and restated, effective immediately, to
include the following Sections 6(d), (e), (f) and (g):

“(d) Second Grant of Restricted Stock Units. Provided that Burns’
employment hereunder has not previously been terminated for cause (as defined
herein), death, or disability (as defined herein) or at his own election and subject
to regulatory approval, if required, Burns shall be granted, upon execution of this
agreement, a total of 274,285 Restricted Stock Units (“Second RSUs”) according to
the following schedule: (i) 137,143 time vesting Second RSUs (the “Second Time
Vesting RSUs”); (ii) 137,142 performance vesting Second RSUs (the “Second
Performance Vesting RSUs”). Such Second RSUs shall be payable upon vesting in an
equal number of common shares to Lions Gate. The foregoing Second RSUs shall be in
addition to any Pre-existing Equity.

(e) Date of Vesting. Subject to Burns’ continued employment hereunder
through the relevant vesting date, the Second RSUs shall vest as follows:

 

 

(i) The Second Time Vesting RSUs (137,143 RSUs) shall vest in three (3)
equal annual installments with the first such installment vesting on
September 1, 2009, and the last vesting on September 1, 2011;

(ii) The Second Performance Vesting RSUs (137,142 RSUs) shall be eligible to
vest in three (3) equal annual installments with the first installment being
eligible to vest on September 1, 2009, the second on September 1, 2010, and
the third on September 1, 2011 (each, a “Second Performance Vesting Date”);
provided, however, that the vesting of the Second RSUs on each such Second
Performance Vesting Date shall be subject to annual Company performance
targets approved in advance by the Compensation Committee for the twelve
(12) month period ending on such Second Performance Vesting Date. The
Second Performance Vesting RSUs provided for by this Section 6(e)(ii) shall
vest on a sliding scale basis if the Company performance targets have not
been fully met for a particular year. For purposes of example only, if
seventy five (75) percent of Company targets have been met for a particular
year, seventy five (75) percent of the Second Performance Vesting RSUs
eligible to vest for that year would vest. Notwithstanding the foregoing,
the Compensation Committee may, in its sole discretion, provide that any or
all of the Second Performance Vesting RSUs scheduled to vest on any such
Second Performance Vesting Date shall be deemed vested as of such date even
if the applicable performance targets are not met. Furthermore, the
Compensation Committee may, in its sole discretion, provide that any Second
RSUs scheduled to vest on any such Second Performance Vesting Date that do
not vest because the applicable performance targets are not met may vest on
any future Second Performance Vesting Date if the performance targets
applicable to such Second Performance Vesting Date are exceeded.

(f) Any and all references to RSUs in Sections 6(c), 8(b)(ii), 8(c), 12(a) and 12(b)
of the Agreement shall include the Second RSUs set forth above, unless the context
requires otherwise. Any and all references to the Time Vesting RSUs or RSUs granted
pursuant to Section 6(b)(i) in Sections 8(b)(i) and 12(b) of the Agreement shall
include the Second Time Vesting RSUs, unless the context requires otherwise. Any
and all references to the Performance Vesting RSUs or RSUs granted pursuant to
Section 6(b)(ii) in Sections 8(b)(ii) and 12(b) of the Agreement shall include the
Second Performance Vesting RSUs, unless the context requires otherwise. Any and all
references to the Performance Vesting Date in Sections 8(b)(ii) and 12(b) of the
Agreement shall include the Second Performance Vesting Date, unless the context
requires otherwise.

(g) Acceleration of Vesting Upon Death. In the event that this Agreement is
terminated pursuant to Section 11(b) below, all RSUs and Options granted to Burns
pursuant to this Agreement, to the extent outstanding and unvested, will immediately
accelerate and become fully vested as of the date of death.”

     4. Section 11(e) of the Agreement is hereby amended and restated, effective immediately, to
read in its entirety as follows:

“(e) by Burns giving notice of his intention to terminate for one of the following
reasons:

 

 

(i) in connection with a Change of Control as set forth in Paragraph 8
above, provided that Burns’ right to terminate pursuant to said paragraph
shall be limited as set forth therein,

(ii) Burns accepts a full time position with the federal or state
government,

(iii) Burns accepts a full time position with a philanthropic or non-profit
organization, or

(iv) Burns moves his permanent residence from the
U.S. to another country.”

     Except as specifically amended hereby, the Agreement shall remain in full force and effect
without modification. This letter constitutes the entire agreement among the parties with respect
to modification of the Agreement and any other matters related thereto, and supersedes all prior
negotiations and understandings of the parties in connection therewith.

AGREED AND ACCEPTED:

	 	 	 
	/s/ Michael Burns

	 	 
	 

MICHAEL BURNS

	 	 

Lions Gate Entertainment Corp.

	 	 	 
	/s/ Wayne Levin

	 	 
	 

By WAYNE LEVIN

	 	 
	Executive Vice-President and General CounselEX-10.1 FORM OF RESTRICTED STOCK AGREEMENT

Exhibit 10.1

	 	 	 	 	 	 	 
	 

	 	Your Name:	 	 	 	 
	 	 	 	 	 
	 	 	Total No. of Shares of Restricted Stock:	 	 
	 

	 	 	 	 	 	 

PRG-SCHULTZ RESTRICTED STOCK AGREEMENT

FOR EMPLOYEES

PRG-SCHULTZ INTERNATIONAL, INC. (“PRG-Schultz”) is pleased to grant to the person signing below
(“you” or “Participant”) the Restricted Stock described below under the PRG-Schultz 2008 Equity
Incentive Plan (the “Plan”).

	 	 	 
	Stock Subject to Grant:

	 	Common Stock, no par value per share
	Grant Date:

	 	[                    ], 20___

Vesting: Subject to the Plan and this Agreement, the Restricted Stock will become vested and
non-forfeitable as follows:

(1)                      of the shares of Restricted Stock (the “Service-Based Shares”) will become vested and
non-forfeitable in accordance with the following schedule, provided you remain continuously
employed with PRG-Schultz from the Grant Date until such time(s):

	 	 	 
	 	 	Service-Based Shares that
	On the date below	 	become vested on such date
	[                    ], 20___
	 	1/3 of the Service-Based Shares (rounded down to the
nearest whole share)
	 	 	 
	[                    ], 20___
	 	1/3 of the Service-Based Shares (rounded down to the
nearest whole share)
	 	 	 
	[                    ], 20___
	 	All of the remaining Service-Based Shares

(2)                      of the shares of Restricted Stock (the “Performance-Based Shares”) will become vested and
non-forfeitable, as soon after December 31, 20___as the Committee determines the cumulative
Adjusted EBITDA of PRG-Schultz for the three-year period ending December 31, 20___(but in no event
later than March 15, 20___), provided you remain continuously employed with PRG-Schultz from the
Grant Date through December 31, 20___, and provided further that cumulative Adjusted EBITDA (as
defined in the Plan) for PRG-Schultz for the three-year period ending on December 31, 20___equals
or exceeds $[                    ]. Notwithstanding the foregoing, if cumulative Adjusted EBITDA for
PRG-Schultz for such three-year period does not equal or exceed $[                    ], but the cumulative
Adjusted EBITDA for such three-year period exceeds $[                    ], then the number of shares of
Restricted Stock that will become vested and non-forfeitable at the time set forth above, provided
you remain continuously employed with PRG-Schultz from the Grant Date through December 31, 20___,
shall be the number of Performance-Based Shares multiplied by a fraction, the numerator of which is
the amount of cumulative Adjusted EBITDA for the three-year period that exceeds $[                    ] and
the denominator of which is $[                    ]. For example, if cumulative Adjusted EBITDA for the
three-year period ending on December 31, 20___equals $[                    ] and you have remained employed
with PRG-Schultz through December 31, 20___, then fifty percent (50%) [($[                    ] minus
$[                    ]) divided by $[                    ]] of the Performance-Based Shares shall become vested
and non-forfeitable. If cumulative Adjusted EBITDA for such three-year period does not exceed
$[                    ], then none of the Performance-Based Shares will become vested and non-forfeitable,
regardless of whether you have remained continuously employed with PRG-Schultz from the Grant Date
through December 31, 20___.

Dividend and Voting Rights: Before the Restricted Stock becomes vested, you will have all of the
rights of a shareholder of Common Stock with respect to the shares of Restricted Stock, including
without limitation, the right to vote the shares of Restricted Stock and to receive dividends and
distributions thereon.

The Additional Terms and Conditions and the Plan described below are incorporated in this Agreement
by reference and contain important information about your Restricted Stock. Copies of all of the
documents set

 

 

forth below are being provided to you concurrently with this Restricted Stock Agreement. Please
review them carefully and contact PRG-Schultz Human Resources if you have any questions.

Additional Terms and Conditions describes the restrictions on your Restricted Stock, what
happens if you cease to remain employed with PRG-Schultz before your Restricted Stock becomes
vested and where to send notices;

The Plan contains the detailed terms that govern your Restricted Stock. If anything in
this Agreement or the other attachments is inconsistent with the Plan, the terms of the Plan, as
amended from time to time, will control; all terms used herein that are not defined herein but that
are defined in the Plan have the same meaning given them in the Plan;

Plan Prospectus; and

[___] Annual Report on Form 10-K of PRG-Schultz for the Year Ended December 31, 20[___].

Please sign in the space provided below, keep a copy of this Agreement for your records, and return
both originals to PRG-Schultz Human Resources.

	 	 	 	 	 	 	 	 	 	 	 
	Participant:	 	 	 	 	 	PRG-SCHULTZ INTERNATIONAL, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Print Your Name:

	 	 	 	 	 	Name:
	 	Jennifer Moore	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Your Residence Address:

	 	 	 	 	 	Its:
	 	Senior Vice President, Human Resources	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

 

ADDITIONAL TERMS AND CONDITIONS OF YOUR RESTRICTED STOCK

PLAN ADMINISTRATION.

	 	•	 	The Plan is administered on behalf of the Committee by the Plan administrator. The Plan
administrator is responsible for assisting you with respect to your Restricted Stock and
maintaining the records of the Plan. If you have questions about your Restricted Stock or
how the Plan works, please contact the Plan administrator at Plan.Administrator@prgx.com
or (770) 779-3037.
	 
	 	•	 	Except as provided herein and in the Plan, the Restricted Stock is non-transferable.
The Restricted Stock may be transferred by will or the laws of descent and distribution
and, notwithstanding the foregoing, during the Participant’s lifetime may be transferred
by the Participant to any of the Participant’s “family members” (as such term is defined
in the general instruction to the Form S-8 Registration Statement under the Securities Act
of 1933). Any such transfer will be permitted only if (i) the Participant does not
receive any consideration for the transfer and (ii) the Plan administrator expressly
approves the transfer. Any transferee to whom the Restricted Stock is transferred shall
be bound by the same terms and conditions, including with respect to vesting, that govern
the Restricted Stock in the hands of the Participant; provided, however, that the
transferee may not transfer the Restricted Stock except by will or the laws of descent and
distribution. No right or interest of the Participant or any transferee in the Restricted
Stock shall be subject to any lien, obligation or liability of the Participant or any
transferee.
	 
	 	•	 	You may pay any applicable tax withholding (i) in cash, (ii) by certified or bank
cashier’s check, or (iii) by such other medium of payment as the Plan administrator in his
sole discretion may permit. The Plan administrator will determine the amount of any
required tax withholding.
	 
	 	•	 	Until the shares of Restricted Stock become vested, in lieu of issuing certificates for
such shares, PRG Schultz may reflect in its books and records the issuance of the
Restricted Stock. If stock certificates evidencing the shares of Restricted Stock are
issued before the Restricted Stock becomes vested, PRG Schultz shall retain custody of
such stock certificates until the shares of Restricted Stock become vested. As soon as
administratively practicable (and within 30 days) after the shares of Restricted Stock
become vested, the Company will deliver to the Participant or make available to the
Participant’s broker the shares of Restricted Stock that have become vested.

EFFECT OF TERMINATION OF EMPLOYMENT.

	•	 	Termination of Employment. If your employment with PRG-Schultz terminates for
any reason prior to the Restricted Stock becoming vested, any Restricted Stock that is not
then vested will be forfeited immediately upon the termination of your employment for any
reason.
	 
	•	 	Change of Control. Upon the occurrence of a Change of Control, as such term is
defined in the Plan, one-hundred percent (100%) of the shares of Restricted Stock shall become
vested and non-forfeitable if you have remained in the continuous employ of PRG-Schultz from
the Grant Date until the time of the Change of Control. Accordingly, subsequent termination
of your employment for any reason after the Change of Control will not result in forfeiture of
your shares of Common Stock.
	 
	•	 	Employment. For purposes of this Agreement, employment with any Affiliate of
PRG-Schultz will be considered employment with PRG-Schultz.

NOTICES. All notices pursuant to this Agreement will be in writing and either (i)
delivered by hand, (ii) mailed by United States certified mail, return receipt requested, postage
prepaid, or (iii) sent by an internationally recognized courier which maintains evidence of
delivery and receipt. All notices or other communications will be directed to the following
addresses (or to such other addresses as either of us may designate by notice to the other):

 

 

	 	 	 	 	 
	 

	 	To the Company:
	 	PRG-Schultz International, Inc. 

600 Galleria Parkway, Suite 100

Atlanta, GA 30339
	 

	 	

To you:
	 	Attention: Senior Vice President-Human Resources

 The address set forth on page 1

MISCELLANEOUS.

	•	 	The Participant has received a copy of the Plan, has read and understands the terms of the Plan and this Agreement, and
agrees to be bound by their terms and conditions. Failure by you or PRG-Schultz at any time or times to require
performance by the other of any provisions in this Agreement will not affect the right to enforce those provisions.
Any waiver by you or PRG-Schultz of any condition or the breach of any term or provision in this Agreement, whether by
conduct or otherwise, in any one or more instances, shall apply only to that instance and will not be deemed to waive
conditions or breaches in the future. If any court of competent jurisdiction holds that any term or provision of this
Agreement is invalid or unenforceable, the remaining terms and provisions will continue in full force and effect, and
this Agreement shall be deemed to be amended automatically to exclude the offending provision. This Agreement may be
executed in multiple copies and each executed copy shall be an original of this Agreement. This Agreement shall be
subject to and governed by the laws of the State of Georgia. No change or modification of this Agreement shall be
valid unless it is in writing and signed by the party against which enforcement is sought. This Agreement shall be
binding upon, and inure to the benefit of, the permitted successors, assigns, heirs, executors and legal
representatives of the parties hereto. The headings of each Section of this Agreement are for convenience only. This
Agreement and the Plan contain the entire agreement of the parties hereto and no representation, inducement, promise,
or agreement or otherwise between the parties not embodied herein shall be of any force or effect, and no party will be
liable or bound in any manner for any warranty, representation, or covenant except as specifically set forth herein.
	 
	•	 	With respect to any shares of Restricted Stock forfeited under this Agreement, the Participant does hereby irrevocably
constitute and appoint the Secretary of the Company or any successor Secretary of the Company (the “Secretary”) as his
or her attorney to transfer the forfeited shares on the books of the Company with full power of substitution in the
premises. The Secretary shall use such authority to cancel any shares of Restricted Stock that are forfeited under this
Agreement.

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