Document:

Exhibit
10.48

 

MARQUEE
HOLDINGS INC.

2007
PERFORMANCE INCENTIVE PLAN

 

1.   PURPOSE
OF PLAN

 

The purpose of this Marquee Holdings Inc.  2007 Performance
Incentive Plan (this “Plan”) of
Marquee Holdings Inc., a Delaware corporation (the “Corporation”), is to promote the success of the Corporation
and to increase stockholder value by providing an additional means through the
grant of awards to attract, motivate, retain and reward selected employees and
other eligible persons.

 

2.   ELIGIBILITY

 

The Administrator (as such term is defined in Section
3.1) may grant awards under this Plan only to those persons that the
Administrator determines to be Eligible Persons. An “Eligible Person” is any person who is either: (a) an officer
(whether or not a director) or employee of the Corporation or one of its
Subsidiaries; (b) a director of the Corporation or one of its Subsidiaries; or
(c) an individual consultant or advisor who renders or has rendered bona fide
services (other than services in connection with the offering or sale of
securities of the Corporation or one of its Subsidiaries in a capital-raising
transaction or as a market maker or promoter of securities of the Corporation
or one of its Subsidiaries) to the Corporation or one of its Subsidiaries and
who is selected to participate in this Plan by the Administrator; provided,
however, that a person who is otherwise an Eligible Person under clause (c)
above may participate in this Plan only if such participation would not
adversely affect either the Corporation’s eligibility to use Form S-8 to
register under the Securities Act of 1933, as amended (the “Securities Act”), the offering and sale of
shares issuable under this Plan by the Corporation or the Corporation’s
compliance with any other applicable laws. An Eligible Person who has been
granted an award (a “participant”) may, if otherwise eligible, be granted
additional awards if the Administrator shall so determine. As used herein, “Subsidiary” means any corporation or other
entity a majority of whose outstanding voting stock or voting power is
beneficially owned directly or indirectly by the Corporation; and “Board” means the Board of Directors of the
Corporation.

 

3.   PLAN
ADMINISTRATION

 

3.1                               The Administrator. This Plan shall be
administered by and all awards under this Plan shall be authorized by the
Administrator. The “Administrator”
means the Board or one or more committees appointed by the Board or another
committee (within its delegated authority) to administer all or certain aspects
of this Plan. Any such committee shall be comprised solely of one or more
directors or such number of directors as may be required under applicable law.
A committee may delegate some or all of its authority to another committee so
constituted. The Board or a committee comprised solely of directors may also
delegate, to the extent permitted by Section 157(c) of the Delaware General
Corporation Law and any other applicable law, to one or more officers of the
Corporation, its powers under this Plan (a) to designate the officers and employees
of the Corporation and its Subsidiaries who will receive grants of awards under
this Plan, and (b) to determine the number of shares subject to, and the other
terms and conditions of, 

 

 

such awards. The Board may delegate different levels
of authority to different committees with administrative and grant authority
under this Plan. Unless otherwise provided in the Bylaws of the Corporation or
the applicable charter of any Administrator: (a) a majority of the members of
the acting Administrator shall constitute a quorum, and (b) the vote of a
majority of the members present assuming the presence of a quorum or the
unanimous written consent of the members of the Administrator shall constitute
action by the acting Administrator.

 

With respect to awards intended
to satisfy the requirements for performance-based compensation under Section
162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), this Plan shall be administered by
a committee consisting solely of two or more outside directors (as this
requirement is applied under Section 162(m) of the Code); provided, however,
that the failure to satisfy such requirement shall not affect the validity of
the action of any committee otherwise duly authorized and acting in the matter.
Award grants, and transactions in or involving awards, intended to be exempt
under Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), must be duly and timely
authorized by the Board or a committee consisting solely of two or more non-employee
directors (as this requirement is applied under Rule 16b-3 promulgated under
the Exchange Act). To the extent required by any applicable listing agency,
this Plan shall be administered by a committee composed entirely of independent
directors (within the meaning of the applicable listing agency).

 

3.2                               Powers of the Administrator. Subject
to the express provisions of this Plan, the Administrator is authorized and
empowered to do all things necessary or desirable in connection with the
authorization of awards and the administration of this Plan (in the case of a
committee or delegation to one or more officers, within the authority delegated
to that committee or person(s)), including, without limitation, the authority
to:

 

(a)                                 determine
eligibility and, from among those persons determined to be eligible, the
particular Eligible Persons who will receive an award under this Plan;

 

(b)                                  grant awards to Eligible Persons, determine the
price at which securities will be offered or awarded and the number of securities
to be offered or awarded to any of such persons, determine the other specific
terms and conditions of such awards consistent with the express limits of this
Plan, establish the installments (if any) in which such awards shall become
exercisable or shall vest (which may include, without limitation, performance
and/or time-based schedules), or determine that no delayed exercisability or
vesting is required, establish any applicable performance targets, and
establish the events of termination or reversion of such awards;

 

(c)                                  approve
the forms of award agreements (which need not be identical either as to type of
award or among participants);

 

2

 

(d)                                  construe and interpret this Plan and any
agreements defining the rights and obligations of the Corporation, its
Subsidiaries, and participants under this Plan, further define the terms used
in this Plan, and prescribe, amend and rescind rules and regulations relating
to the administration of this Plan or the awards granted under this Plan;

 

(e)                                   cancel, modify, or waive the Corporation’s
rights with respect to, or modify, discontinue, suspend, or terminate any or
all outstanding awards, subject to any required consent under Section 8.6.5;

 

(f)                                    accelerate or extend the vesting or
exercisability or extend the term of any or all such outstanding awards (in the
case of options or stock appreciation rights, within the maximum ten-year term
of such awards) in such circumstances as the Administrator may deem appropriate
(including, without limitation, in connection with a termination of employment
or services or other events of a personal nature) subject to any required
consent under Section 8.6.5;

 

(g)                                  adjust
the number of shares of Common Stock subject to any award, adjust the price of
any or all outstanding awards or otherwise change previously imposed terms and
conditions, in such circumstances as the Administrator may deem appropriate, in
each case subject to Sections 4 and 8.6, and provided that in no case (except
due to an adjustment contemplated by Section 7 or any repricing that may be
approved by stockholders) shall such an adjustment constitute a repricing (by
amendment, substitution, cancellation and regrant, exchange or other means) of
the per share exercise or base price of any option or stock appreciation right;

 

(h)                                  determine the date of grant of an award, which
may be a designated date after but not before the date of the Administrator’s
action (unless otherwise designated by the Administrator, the date of grant of
an award shall be the date upon which the Administrator took the action
granting an award);

 

(i)                                      determine whether, and the extent to which,
adjustments are required pursuant to Section 7 hereof and authorize the
termination, conversion, substitution or succession of awards upon the
occurrence of an event of the type described in Section 7;

 

(j)                                     acquire or settle (subject to Sections 7 and
8.6) rights under awards in cash, stock of equivalent value, or other
consideration; and

 

(k)                                 determine
the fair market value of the Common Stock or awards under this Plan from time
to time and/or the manner in which such value will be determined.

 

3.3                                Binding
Determinations. Any action taken by, or inaction of, the
Corporation, any Subsidiary, or the Administrator relating or pursuant to this
Plan and within its authority hereunder or under applicable law shall be within
the absolute discretion of that entity or body and shall be conclusive and
binding upon all 

 

3

 

persons. Neither the Board nor any Board committee,
nor any member thereof or person acting at the direction thereof, shall be
liable for any act, omission, interpretation, construction or determination
made in good faith in connection with this Plan (or any award made under this
Plan), and all such persons shall be entitled to indemnification and
reimbursement by the Corporation in respect of any claim, loss, damage or
expense (including, without limitation, attorneys’ fees) arising or resulting therefrom
to the fullest extent permitted by law and/or under any directors and officers
liability insurance coverage that may be in effect from time to time.

 

3.4                                Reliance on
Experts. In making any determination or in taking or not taking
any action under this Plan, the Administrator may obtain and may rely upon the
advice of experts, including employees and professional advisors to the
Corporation. No director, officer or agent of the Corporation or any of its
Subsidiaries shall be liable for any such action or determination taken or made
or omitted in good faith.

 

3.5                                Delegation. The
Administrator may delegate ministerial, non-discretionary functions to
individuals who are officers or employees of the Corporation or any of its
Subsidiaries or to third parties.

 

4.   SHARES
OF COMMON STOCK SUBJECT TO THE PLAN; SHARE LIMITS

 

4.1                                Shares
Available. Subject to the provisions of Section 7.1, the capital
stock that may be delivered under this Plan shall be shares of the
Corporation’s authorized but unissued Common Stock and any shares of its Common
Stock held as treasury shares. For purposes of this Plan, “Common Stock” shall mean the common stock
of the Corporation and such other securities or property as may become the
subject of awards under this Plan, or may become subject to such awards,
pursuant to an adjustment made under Section 7.1.

 

4.2                                Share Limits. The
maximum number of shares of Common Stock that may be delivered pursuant to
awards granted to Eligible Persons under this Plan (the “Share Limit”) is equal to 3,000,000 shares
of Common Stock.

 

The following limits also apply with respect to awards
granted under this Plan:

 

(a)                                  The maximum number of shares of Common Stock
that may be delivered pursuant to options qualified as incentive stock options
granted under this Plan is 3,000,000  shares.

 

(b)                                  The maximum number of shares of Common Stock
subject to those options and stock appreciation rights that are granted during
any calendar year to any individual under this Plan is 500,000  shares.

 

 (c)                                The maximum number of shares of Common Stock
that may be delivered pursuant to awards granted under this Plan, other than
those described in the next sentence, is 3,000,000  shares. This limit on so-called “full-value awards” does not
apply, however, to (1) shares delivered in respect of compensation earned but
deferred, (2) shares delivered in respect of stock 

 

4

 

option grants, and (3)
shares delivered in respect of stock appreciation right grants.

 

(d)                                  Additional
limits with respect to Performance-Based Awards are set forth in Section 5.2.3.

 

Each of the foregoing numerical limits is subject to
adjustment as contemplated by Section 4.3, Section 7.1, and Section 8.10.

 

4.3                                Awards Settled in Cash, Reissue
of Awards and Shares. To the extent that an award granted under
this Plan is settled in cash or a form other than shares of Common Stock, the
shares that would have been delivered had there been no such cash or other
settlement shall not be counted against the shares available for issuance under
this Plan. In the event that shares of Common Stock are delivered in respect of
a dividend equivalent right granted under this Plan, only the actual number of
shares delivered with respect to the award shall be counted against the share
limits of this Plan. To the extent that shares of Common Stock are delivered
pursuant to the exercise of a stock appreciation right or stock option granted
under this Plan, the number of underlying shares as to which the exercise
related shall be counted against the applicable share limits under Section 4.2,
as opposed to only counting the shares actually issued. (For purposes of
clarity, if a stock appreciation right relates to 100,000 shares and is
exercised at a time when the payment due to the participant is 15,000 shares,
100,000 shares shall be charged against the applicable share limits under
Section 4.2 with respect to such exercise.) 
Shares that are subject to or underlie awards granted under this Plan
which expire or for any reason are cancelled or terminated, are forfeited, fail
to vest, or for any other reason are not paid or delivered under this Plan
shall again be available for subsequent awards under this Plan. Shares that are
exchanged by a participant or withheld by the Corporation as full or partial
payment in connection with any award under this Plan, as well as any shares
exchanged by a participant or withheld by the Corporation or one of its
Subsidiaries to satisfy the tax withholding obligations related to any award,
shall not be available for subsequent awards under this Plan. Refer to Section
8.10 for application of the foregoing share limits with respect to assumed
awards. The foregoing adjustments to the share limits of this Plan are subject
to any applicable limitations under Section 162(m) of the Code with respect to
awards intended as performance-based compensation thereunder.

 

4.4                               Reservation of Shares; No Fractional Shares; Minimum
Issue. The Corporation shall at all times reserve a number of
shares of Common Stock sufficient to cover the Corporation’s obligations and
contingent obligations to deliver shares with respect to awards then
outstanding under this Plan (exclusive of any dividend equivalent obligations
to the extent the Corporation has the right to settle such rights in cash). No
fractional shares shall be delivered under this Plan. The Administrator may pay
cash in lieu of any fractional shares in settlements of awards under this Plan.
No fewer than 100 shares may be purchased on exercise of any award (or, in the
case of stock appreciation or purchase rights, no fewer than 100 rights may be
exercised at any one time) 

 

5

 

unless the total number purchased or exercised is the
total number at the time available for purchase or exercise under the award.

 

5.   AWARDS

 

5.1                               Type and Form of Awards. The
Administrator shall determine the type or types of award(s) to be made to each
selected Eligible Person. Awards may be granted singly, in combination or in
tandem. Awards also may be made in combination or in tandem with, in
replacement of, as alternatives to, or as the payment form for grants or rights
under any other employee or compensation plan of the Corporation or one of its
Subsidiaries. The types of awards that may be granted under this Plan are:

 

5.1.1        Stock
Options. A stock option is the grant of a right to
purchase a specified number of shares of Common Stock during a specified period
as determined by the Administrator. An option may be intended as an incentive
stock option within the meaning of Section 422 of the Code (an “ISO”) or a nonqualified stock option (an
option not intended to be an ISO). The award agreement for an option will
indicate if the option is intended as an ISO; otherwise it will be deemed to be
a nonqualified stock option. The maximum term of each option (ISO or
nonqualified) shall be ten (10) years. The per share exercise price for each
option shall be not less than 100% of the fair market value of a share of
Common Stock on the date of grant of the option. When an option is exercised,
the exercise price for the shares to be purchased shall be paid in full in cash
or such other method permitted by the Administrator consistent with Section
5.5.

 

5.1.2        Additional
Rules Applicable to ISOs. To the extent that the
aggregate fair market value (determined at the time of grant of the applicable
option) of stock with respect to which ISOs first become exercisable by a
participant in any calendar year exceeds $100,000, taking into account both
Common Stock subject to ISOs under this Plan and stock subject to ISOs under
all other plans of the Corporation or one of its Subsidiaries (or any parent or
predecessor corporation to the extent required by and within the meaning of
Section 422 of the Code and the regulations promulgated thereunder), such
options shall be treated as nonqualified stock options. In reducing the number
of options treated as ISOs to meet the $100,000 limit, the most recently
granted options shall be reduced first. To the extent a reduction of
simultaneously granted options is necessary to meet the $100,000 limit, the
Administrator may, in the manner and to the extent permitted by law, designate
which shares of Common Stock are to be treated as shares acquired pursuant to
the exercise of an ISO. ISOs may only be granted to employees of the
Corporation or one of its subsidiaries (for this purpose, the term “subsidiary”
is used as defined in Section 424(f) of the Code, which generally requires an
unbroken chain of ownership of at least 50% of the total combined voting power
of all classes of stock of each subsidiary in the chain beginning with the
Corporation and ending with the subsidiary in question). There shall be imposed
in any award agreement relating to ISOs such other terms and conditions as from
time to time are required in order that the option be an “incentive stock
option” as that term is defined in Section 422 of the Code. No ISO may be 

 

6

 

granted to any person who, at the time the option is
granted, owns (or is deemed to own under Section 424(d) of the Code) shares of
outstanding Common Stock possessing more than 10% of the total combined voting
power of all classes of stock of the Corporation, unless the exercise price of
such option is at least 110% of the fair market value of the stock subject to
the option and such option by its terms is not exercisable after the expiration
of five years from the date such option is granted.

 

5.1.3        Stock
Appreciation Rights. A stock appreciation right or
“SAR” is a right to receive a
payment, in cash and/or Common Stock, equal to the excess of the fair market
value of a specified number of shares of Common Stock on the date the SAR is
exercised over the “base price” of
the award, which base price shall be set forth in the applicable award
agreement and shall be not less than 100% of the fair market value of a share
of Common Stock on the date of grant of the SAR. The maximum term of a SAR
shall be ten (10) years.

 

5.1.4        Other
Awards. The other types of awards that may be
granted under this Plan include: (a) stock bonuses, restricted stock,
performance stock, stock units, phantom stock, dividend equivalents, or similar
rights to purchase or acquire shares, whether at a fixed or variable price or
ratio related to the Common Stock, upon the passage of time, the occurrence of
one or more events, or the satisfaction of performance criteria or other
conditions, or any combination thereof; (b) any similar securities with a
value derived from the value of or related to the Common Stock and/or returns
thereon; or (c) cash awards granted consistent with Section 5.2 below.

 

5.2                               Section 162(m) Performance-Based Awards. Without
limiting the generality of the foregoing, any of the types of awards listed in
Section 5.1.4 above may be, and options and SARs granted to officers and
employees (“Qualifying Options”
and “Qualifying SARS,”
respectively) typically will be, granted as awards intended to satisfy the
requirements for “performance-based compensation” within the meaning of Section
162(m) of the Code (“Performance-Based Awards”). The grant, vesting, exercisability or
payment of Performance-Based Awards may depend (or, in the case of Qualifying
Options or Qualifying SARs, may also depend) on the degree of achievement of
one or more performance goals relative to a pre-established targeted level or
level using one or more of the Business Criteria set forth below (on an
absolute or relative basis) for the Corporation on a consolidated basis or for
one or more of the Corporation’s subsidiaries, segments, divisions or business
units, or any combination of the foregoing. Any Qualifying Option or Qualifying
SAR shall be subject only to the requirements of Section 5.2.1 and 5.2.3 in
order for such award to satisfy the requirements for “performance-based
compensation” under Section 162(m) of the Code. Any other Performance-Based
Award shall be subject to all of the following provisions of this Section 5.2.

 

5.2.1        Class;
Administrator. The eligible class of persons for
Performance-Based Awards under this Section 5.2 shall be officers and
employees of the Corporation or one of its Subsidiaries. The Administrator
approving Performance-Based Awards or making any certification required
pursuant to 

 

7

 

Section 5.2.4 must be constituted as provided in
Section 3.1 for awards that are intended as performance-based compensation
under Section 162(m) of the Code.

 

5.2.2        Performance
Goals. The specific performance goals for
Performance-Based Awards (other than Qualifying Options and Qualifying SARs)
shall be, on an absolute or relative basis, established based on one or more of
the following business criteria (“Business
Criteria”) as selected by the Administrator in its sole
discretion:  net sales; pretax income
before allocation of corporate overhead and bonus; earnings per share; cash
flow (which means cash and cash equivalents derived from either net cash flow
from operations or net cash flow from operations, financing and investing
activities); gross revenue; revenue growth; net income (before or after taxes);
division, group or corporate financial goals; return on stockholders’ equity;
total stockholder return; return on assets; return on net investment;
attainment of strategic and operational initiatives; appreciation in and/or
maintenance of the price of the shares of Common Stock or any other
publicly-traded securities of the Corporation; market share; gross profits;
earnings before taxes; earnings before interest and taxes; earnings before interest,
taxes, depreciation and amortization; economic value-added models; comparisons
with various stock market indices; the sum of EBITDA and rent (“EBITDAR”);
film/content costs; concession costs; reductions in costs, cost containment
and/or return on invested capital of the Corporation or any affiliate, division
or business unit of the Corporation for or within which the Eligible Person is
primarily employed. Such performance goals also may be based solely by
reference to the Corporation’s performance or the performance of an affiliate,
division or business unit of the Corporation, or based upon the relative
performance of other companies or upon comparisons of any of the indicators of
performance relative to other companies. These terms are used as applied under
generally accepted accounting principles or in the financial reporting of the
Corporation or of its Subsidiaries. To qualify awards as performance-based
under Section 162(m), the applicable Business Criterion (or Business Criteria,
as the case may be) and specific performance goal or goals (“targets”) must be
established and approved by the Administrator during the first 90 days of the
performance period (and, in the case of performance periods of less than one
year, in no event after 25% or more of the performance period has elapsed) and
while performance relating to such target(s) remains substantially uncertain
within the meaning of Section 162(m) of the Code. Performance targets shall be
adjusted to mitigate the unbudgeted impact of material, unusual or nonrecurring
gains and losses, accounting changes or other extraordinary events not foreseen
at the time the targets were set unless the Administrator provides otherwise at
the time of establishing the targets. The applicable performance measurement
period may not be less than three months nor more than 10 years.

 

5.2.3        Form
of Payment; Maximum Performance-Based Award. Grants
or awards under this Section 5.2 may be paid in cash or shares of Common Stock
or any combination thereof. Grants of Qualifying Options and Qualifying SARs to
any one participant in any one calendar year shall be subject to the limit set
forth in Section 4.2(b). The maximum number of shares of Common Stock which may
be delivered pursuant to Performance-Based Awards (other than Qualifying
Options and Qualifying SARs, and other than cash awards covered by the 

 

8

 

following sentence) that are granted to any one
participant in any one calendar year shall not exceed 500,000  shares, either individually or in the
aggregate, subject to adjustment as provided in Section 7.1. In addition, the
aggregate amount of compensation to be paid to any one participant in respect
of all Performance-Based Awards payable only in cash and not related to shares
of Common Stock and granted to that participant in any one calendar year shall
not exceed $[                 ].
Awards that are cancelled during the year shall be counted against these limits
to the extent required by Section 162(m) of the Code.

 

5.2.4        Certification
of Payment. Before any Performance-Based Award
under this Section 5.2 (other than Qualifying Options and Qualifying SARs) is
paid and to the extent required to qualify the award as performance-based
compensation within the meaning of Section 162(m) of the Code, the
Administrator must certify in writing that the performance target(s) and any
other material terms of the Performance-Based Award were in fact timely
satisfied.

 

5.2.5        Reservation
of Discretion. The Administrator will have the discretion
to determine the restrictions or other limitations of the individual awards
granted under this Section 5.2 including the authority to reduce awards,
payouts or vesting or to pay no awards, in its sole discretion, if the
Administrator preserves such authority at the time of grant by language to this
effect in its authorizing resolutions or otherwise.

 

5.2.6        Expiration
of Grant Authority. As required pursuant to
Section 162(m) of the Code and the regulations promulgated thereunder, the
Administrator’s authority to grant new awards that are intended to qualify as
performance-based compensation within the meaning of Section 162(m) of the Code
(other than Qualifying Options and Qualifying SARs) shall terminate upon the
first meeting of the Corporation’s stockholders that occurs in the fifth year
following the year in which the Corporation’s stockholders first approve this
Plan.

 

5.3                                Award Agreements. Each award shall be evidenced by
either (1) a written award agreement in a form approved by the Administrator
and executed by the Corporation by an officer duly authorized to act on its
behalf, or (2) an electronic notice of award grant in a form approved by the
Administrator and recorded by the Corporation (or its designee) in an
electronic recordkeeping system used for the purpose of tracking award grants
under this Plan generally (in each case, an “award agreement”), as the
Administrator may provide and, in each case and if required by the
Administrator, executed or otherwise electronically accepted by the recipient
of the award in such form and manner as the Administrator may require. The
Administrator may authorize any officer of the Corporation (other than the
particular award recipient) to execute any or all award agreements on behalf of
the Corporation. The award agreement shall set forth the material terms and
conditions of the award as established by the Administrator consistent with the
express limitations of this Plan.

 

5.4                               Deferrals and Settlements. Payment of
awards may be in the form of cash, Common Stock, other awards or combinations
thereof as the Administrator shall determine, and with such restrictions as it
may impose. The Administrator may 

 

9

 

also require or permit participants to elect to defer
the issuance of shares or the settlement of awards in cash under such rules and
procedures as it may establish under this Plan. The Administrator may also
provide that deferred settlements include the payment or crediting of interest
or other earnings on the deferral amounts, or the payment or crediting of
dividend equivalents where the deferred amounts are denominated in shares.

 

5.5                               Consideration for Common Stock or Awards.
The purchase price for any award granted under this Plan or the Common Stock to
be delivered pursuant to an award, as applicable, may be paid by means of any
lawful consideration as determined by the Administrator, including, without
limitation, one or a combination of the following methods:

 

•                  services
rendered by the recipient of such award;

 

•                  cash,
check payable to the order of the Corporation, or electronic funds transfer;

 

•                  notice
and third party payment in such manner as may be authorized by the
Administrator;

 

•                  the
delivery of previously owned shares of Common Stock;

 

•                  by
a reduction in the number of shares otherwise deliverable pursuant to the
award; or

 

•                  subject
to such procedures as the Administrator may adopt, pursuant to a “cashless
exercise” with a third party who provides financing for the purposes of (or who
otherwise facilitates) the purchase or exercise of awards.

 

In no event shall any shares newly-issued by the
Corporation be issued for less than the minimum lawful consideration for such
shares or for consideration other than consideration permitted by applicable state
law. Shares of Common Stock used to satisfy the exercise price of an option
shall be valued at their fair market value on the date of exercise. The
Corporation will not be obligated to deliver any shares unless and until it
receives full payment of the exercise or purchase price therefor and any
related withholding obligations under Section 8.5 and any other conditions to
exercise or purchase have been satisfied. Unless otherwise expressly provided
in the applicable award agreement, the Administrator may at any time eliminate
or limit a participant’s ability to pay the purchase or exercise price of any
award or shares by any method other than cash payment to the Corporation.

 

5.6                               Definition of Fair Market Value. For
purposes of this Plan, “fair market value” shall mean, unless otherwise
determined or provided by the Administrator in the circumstances, the closing
price (in regular trading) for a share of Common Stock as furnished by the New
York Stock Exchange, Inc. (the “Exchange”)
for the date in question or, if no sales of Common Stock were reported by the
Exchange on that date, the closing price (in regular trading) for a share of
Common Stock on 

 

10

 

the Exchange for the next preceding day on which sales
of Common Stock were reported by the Exchange. The Administrator may, however,
provide with respect to one or more awards that the fair market value shall
equal the closing price for a share of Common Stock on the Exchange on the last
trading day preceding the date in question or the average of the high and low
trading prices of a share of Common Stock as furnished by the Exchange for the
date in question or the most recent trading day. If the Common Stock is no
longer listed or is no longer actively traded on the Exchange as of the
applicable date, the fair market value of the Common Stock shall be the value
as reasonably determined by the Administrator for purposes of the award in the
circumstances. The Administrator also may adopt a different methodology for
determining fair market value with respect to one or more awards if a different
methodology is necessary or advisable to secure any intended favorable tax,
legal or other treatment for the particular award(s) (for example, and without
limitation, the Administrator may provide that fair market value for purposes
of one or more awards will be based on an average of closing prices (or the
average of high and low daily trading prices) for a specified period preceding
the relevant date).

 

5.7          Transfer
Restrictions.

 

5.7.1        Limitations
on Exercise and Transfer. Unless otherwise
expressly provided in (or pursuant to) this Section 5.7 or required by
applicable law: (a) all awards are non-transferable and shall not be subject in
any manner to sale, transfer, anticipation, alienation, assignment, pledge,
encumbrance or charge; (b) awards shall be exercised only by the participant;
and (c) amounts payable or shares issuable pursuant to any award shall be
delivered only to (or for the account of) the participant.

 

5.7.2        Exceptions.
The Administrator may permit awards to be exercised by and paid to, or
otherwise transferred to, other persons or entities pursuant to such conditions
and procedures, including limitations on subsequent transfers, as the
Administrator may, in its sole discretion, establish in writing. Any permitted
transfer shall be subject to compliance with applicable federal and state
securities laws and shall not be for value (other than nominal consideration,
settlement of marital property rights, or for interests in an entity in which
more than 50% of the voting interests are held by the Eligible Person or by the
Eligible Person’s family members).

 

5.7.3        Further
Exceptions to Limits on Transfer. The exercise and
transfer restrictions in Section 5.7.1 shall not apply to:

 

(a)                                 transfers
to the Corporation (for example, in connection with the expiration or
termination of the award),

 

(b)                                 the
designation of a beneficiary to receive benefits in the event of the
participant’s death or, if the participant has died, transfers to or exercise
by the participant’s beneficiary, or, in the absence of a validly designated
beneficiary, transfers by will or the laws of descent and distribution,

 

11

 

(c)                                  subject
to any applicable limitations on ISOs, transfers to a family member (or former
family member) pursuant to a domestic relations order if approved or ratified
by the Administrator,

 

(d)                                 if
the participant has suffered a disability, permitted transfers or exercises on
behalf of the participant by his or her legal representative, or

 

(e)                                   the authorization by the Administrator of
“cashless exercise” procedures with third parties who provide financing for the
purpose of (or who otherwise facilitate) the exercise of awards consistent with
applicable laws and the express authorization of the Administrator.

 

5.8                               International Awards. One or more
awards may be granted to Eligible Persons who provide services to the
Corporation or one of its Subsidiaries outside of the United States. Any awards
granted to such persons may be granted pursuant to the terms and conditions of
any applicable sub-plans, if any, appended to this Plan and approved by the
Administrator.

 

6.   EFFECT
OF TERMINATION OF EMPLOYMENT OR SERVICE ON AWARDS

 

6.1                               General. The Administrator shall
establish the effect of a termination of employment or service on the rights
and benefits under each award under this Plan and in so doing may make
distinctions based upon, inter alia, the cause of termination and type of award.
If the participant is not an employee of the Corporation or one of its
Subsidiaries and provides other services to the Corporation or one of its
Subsidiaries, the Administrator shall be the sole judge for purposes of this
Plan (unless a contract or the award otherwise provides) of whether the
participant continues to render services to the Corporation or one of its
Subsidiaries and the date, if any, upon which such services shall be deemed to
have terminated.

 

6.2                               Events Not Deemed Terminations of Service.
Unless the express policy of the Corporation or one of its Subsidiaries, or the
Administrator, otherwise provides, the employment relationship shall not be
considered terminated in the case of (a) sick leave, (b) military leave, or (c)
any other leave of absence authorized by the Corporation or one of its
Subsidiaries, or the Administrator; provided that, unless reemployment upon the
expiration of such leave is guaranteed by contract or law or the Administrator
otherwise provides, such leave is for a period of not more than three months.
In the case of any employee of the Corporation or one of its Subsidiaries on an
approved leave of absence, continued vesting of the award while on leave from
the employ of the Corporation or one of its Subsidiaries may be suspended until
the employee returns to service, unless the Administrator otherwise provides or
applicable law otherwise requires. In no event shall an award be exercised
after the expiration of the term set forth in the applicable award agreement.

 

6.3                               Effect of Change of Subsidiary Status.
For purposes of this Plan and any award, if an entity ceases to be a Subsidiary
of the Corporation a termination of employment or service shall be deemed to
have occurred with respect to each 

 

12

 

Eligible Person in respect of such Subsidiary who does
not continue as an Eligible Person in respect of another entity within the
Corporation or another Subsidiary that continues as such after giving effect to
the transaction or other event giving rise to the change in status.

 

7.   ADJUSTMENTS;
ACCELERATION

 

7.1                                Adjustments.
Subject to Section 7.2, upon (or, as may be necessary to effect the adjustment,
immediately prior to): any reclassification, recapitalization, stock split (including
a stock split in the form of a stock dividend) or reverse stock split; any
merger, combination, consolidation, or other reorganization; any spin-off,
split-up, or similar extraordinary dividend distribution in respect of the
Common Stock; or any exchange of Common Stock or other securities of the
Corporation, or any similar, unusual or extraordinary corporate transaction in
respect of the Common Stock; then the Administrator shall equitably and
proportionately adjust (1) the number and type of shares of Common Stock (or
other securities) that thereafter may be made the subject of awards (including
the specific share limits, maximums and numbers of shares set forth elsewhere
in this Plan), (2) the number, amount and type of shares of Common Stock (or
other securities or property) subject to any outstanding awards, (3) the grant,
purchase, or exercise price (which term includes the base price of any SAR or
similar right) of any outstanding awards, and/or (4) the securities, cash or
other property deliverable upon exercise or payment of any outstanding awards,
in each case to the extent necessary to preserve (but not increase) the level
of incentives intended by this Plan and the then-outstanding awards.

 

Unless otherwise
expressly provided in the applicable award agreement, upon (or, as may be
necessary to effect the adjustment, immediately prior to) any event or
transaction described in the preceding paragraph or a sale of all or
substantially all of the business or assets of the Corporation as an entirety,
the Administrator shall equitably and proportionately adjust the performance
standards applicable to any then-outstanding performance-based awards to the
extent necessary to preserve (but not increase) the level of incentives
intended by the Plan and the then-outstanding performance-based awards.

 

It is intended that, if
possible, any adjustments contemplated by the preceding two paragraphs be made
in a manner that satisfies applicable legal, tax (including, without limitation
and as applicable in the circumstances, Section 424 of the Code, Section 409A
of the Code and Section 162(m) of the Code) and accounting (so as to not
trigger any charge to earnings with respect to such adjustment) requirements.

 

Without limiting the
generality of Section 3.3, any good faith determination by the Administrator as
to whether an adjustment is required in the circumstances pursuant to this
Section 7.1, and the extent and nature of any such adjustment, shall be
conclusive and binding on all persons.

 

7.2                               Corporate Transactions - Assumption and Termination
of Awards. Upon the occurrence of any of the following: any
merger, combination, consolidation, or 

 

13

 

other reorganization; any exchange of Common Stock or
other securities of the Corporation; a sale of all or substantially all the
business, stock or assets of the Corporation; a dissolution of the Corporation;
or any other event in which the Corporation does not survive (or does not
survive as a public company in respect of its Common Stock); then the
Administrator may make provision for a cash payment in settlement of, or for
the assumption, substitution or exchange of any or all outstanding share-based
awards or the cash, securities or property deliverable to the holder of any or
all outstanding share-based awards, based upon, to the extent relevant under
the circumstances, the distribution or consideration payable to holders of the
Common Stock upon or in respect of such event.

 

Without limiting the preceding paragraph, in
connection with any event referred to in the preceding paragraph or any change
in control event defined in any applicable award agreement, the Administrator
may, in its discretion, provide for the accelerated vesting of any award or
awards as and to the extent determined by the Administrator in the
circumstances.

 

The Administrator may adopt such valuation
methodologies for outstanding awards as it deems reasonable in the event of a
cash or property settlement and, in the case of options, SARs or similar
rights, but without limitation on other methodologies, may base such settlement
solely upon the excess if any of the per share amount payable upon or in
respect of such event over the exercise or base price of the award.

 

In any of the events referred to in this Section 7.2,
the Administrator may take such action contemplated by this Section 7.2 prior
to such event (as opposed to on the occurrence of such event) to the extent
that the Administrator deems the action necessary to permit the participant to
realize the benefits intended to be conveyed with respect to the underlying
shares. Without limiting the generality of the foregoing, the Administrator may
deem an acceleration to occur immediately prior to the applicable event and/or
reinstate the original terms of the award if an event giving rise to an
acceleration does not occur.

 

Without limiting the generality of Section 3.3, any
good faith determination by the Administrator pursuant to its authority under
this Section 7.2 shall be conclusive and binding on all persons.

 

7.3                               Other Acceleration Rules. The
Administrator may override the provisions of Section 7.2 and/or 7.4 by express
provision in the award agreement and may accord any Eligible Person a right to
refuse any acceleration, whether pursuant to the award agreement or otherwise,
in such circumstances as the Administrator may approve. The portion of any ISO
accelerated in connection with an event referred to in Section 7.2 (or such
other circumstances as may trigger accelerated vesting of the award) shall
remain exercisable as an ISO only to the extent the applicable $100,000
limitation on ISOs is not exceeded. To the extent exceeded, the accelerated
portion of the option shall be exercisable as a nonqualified stock option under
the Code.

 

14

 

7.4                               Golden Parachute Limitation.
Notwithstanding anything else contained in this Section 7 to the contrary, in
no event shall any award or payment be accelerated under this Plan to an extent
or in a manner so that such award or payment, together with any other
compensation and benefits provided to, or for the benefit of, the participant
under any other plan or agreement of the Corporation or any of its
Subsidiaries, would not be fully deductible by the Corporation or one of its
Subsidiaries for federal income tax purposes because of Section 280G of the
Code. If a participant would be entitled to benefits or payments hereunder and
under any other plan or program that would constitute “parachute payments” as
defined in Section 280G of the Code, then the participant may by written notice
to the Corporation designate the order in which such parachute payments will be
reduced or modified so that the Corporation or one of its Subsidiaries is not
denied federal income tax deductions for any “parachute payments” because of
Section 280G of the Code.

 

8.   OTHER
PROVISIONS

 

8.1                               Compliance with Laws. This Plan, the
granting and vesting of awards under this Plan, the offer, issuance and
delivery of shares of Common Stock, and/or the payment of money under this Plan
or under awards are subject to compliance with all applicable federal and state
laws, rules and regulations (including but not limited to state and federal
securities law and federal margin requirements) and to such approvals by any
listing, regulatory or governmental authority as may, in the opinion of counsel
for the Corporation, be necessary or advisable in connection therewith. The
person acquiring any securities under this Plan will, if requested by the
Corporation or one of its Subsidiaries, provide such assurances and
representations to the Corporation or one of its Subsidiaries as the
Administrator may deem necessary or desirable to assure compliance with all
applicable legal and accounting requirements.

 

8.2                               No Rights to Award. No person shall
have any claim or rights to be granted an award (or additional awards, as the
case may be) under this Plan, subject to any express contractual rights (set
forth in a document other than this Plan) to the contrary.

 

8.3                               No Employment/Service Contract.
Nothing contained in this Plan (or in any other documents under this Plan or in
any award) shall confer upon any Eligible Person or other participant any right
to continue in the employ or other service of the Corporation or one of its
Subsidiaries, constitute any contract or agreement of employment or other
service or affect an employee’s status as an employee at will, nor shall
interfere in any way with the right of the Corporation or one of its
Subsidiaries to change a person’s compensation or other benefits, or to
terminate his or her employment or other service, with or without cause.
Nothing in this Section 8.3, however, is intended to adversely affect any
express independent right of such person under a separate employment or service
contract other than an award agreement.

 

8.4                               Plan Not Funded. Awards payable under
this Plan shall be payable in shares or from the general assets of the
Corporation, and no special or separate reserve, 

 

15

 

fund or deposit shall be made to assure payment of
such awards. No participant, beneficiary or other person shall have any right,
title or interest in any fund or in any specific asset (including shares of
Common Stock, except as expressly otherwise provided) of the Corporation or one
of its Subsidiaries by reason of any award hereunder. Neither the provisions of
this Plan (or of any related documents), nor the creation or adoption of this
Plan, nor any action taken pursuant to the provisions of this Plan shall
create, or be construed to create, a trust of any kind or a fiduciary
relationship between the Corporation or one of its Subsidiaries and any
participant, beneficiary or other person. To the extent that a participant,
beneficiary or other person acquires a right to receive payment pursuant to any
award hereunder, such right shall be no greater than the right of any unsecured
general creditor of the Corporation.

 

8.5                               Tax Withholding. Upon any exercise,
vesting, or payment of any award or upon the disposition of shares of Common
Stock acquired pursuant to the exercise of an ISO prior to satisfaction of the
holding period requirements of Section 422 of the Code, the Corporation or one
of its Subsidiaries shall have the right at its option to:

 

(a)                                  require the participant (or the participant’s
personal representative or beneficiary, as the case may be) to pay or provide
for payment of at least the minimum amount of any taxes which the Corporation
or one of its Subsidiaries may be required to withhold with respect to such
award event or payment; or

 

(b)                                  deduct from any amount otherwise payable in
cash to the participant (or the participant’s personal representative or
beneficiary, as the case may be) the minimum amount of any taxes which the Corporation
or one of its Subsidiaries may be required to withhold with respect to such
cash payment.

 

In any case where a tax is required to be withheld in
connection with the delivery of shares of Common Stock under this Plan, the
Administrator may in its sole discretion (subject to Section 8.1) require or
grant (either at the time of the award or thereafter) to the participant the
right to elect, pursuant to such rules and subject to such conditions as the
Administrator may establish, to have the Corporation reduce the number of
shares to be delivered by (or otherwise reacquire) the appropriate number of
shares, valued in a consistent manner at their fair market value or at the
sales price in accordance with authorized procedures for cashless exercises,
necessary to satisfy the minimum applicable withholding obligation on exercise,
vesting or payment. In no event shall the shares withheld exceed the minimum
whole number of shares required for tax withholding under applicable law.

 

8.6                               Effective Date, Termination and Suspension,
Amendments.

 

8.6.1        Effective
Date. This Plan is effective as of [             ,
2007], the date of its approval by
the Board (the “Effective Date”).
This Plan shall be submitted for and subject to stockholder approval no later
than twelve months after the 

 

16

 

Effective Date. Unless earlier terminated by the
Board, this Plan shall terminate at the close of business on the day before the
tenth anniversary of the Effective Date. After the termination of this Plan
either upon such stated expiration date or its earlier termination by the
Board, no additional awards may be granted under this Plan, but previously
granted awards (and the authority of the Administrator with respect thereto,
including the authority to amend such awards) shall remain outstanding in
accordance with their applicable terms and conditions and the terms and
conditions of this Plan.

 

8.6.2        Board
Authorization. The Board may, at any time,
terminate or, from time to time, amend, modify or suspend this Plan, in whole
or in part. No awards may be granted during any period that the Board suspends
this Plan.

 

8.6.3        Stockholder
Approval. To the extent then required by
applicable law or any applicable listing agency or required under Sections 162,
422 or 424 of the Code to preserve the intended tax consequences of this Plan,
or deemed necessary or advisable by the Board, any amendment to this Plan shall
be subject to stockholder approval.

 

8.6.4        Amendments
to Awards. Without limiting any other express
authority of the Administrator under (but subject to) the express limits of
this Plan, the Administrator by agreement or resolution may waive conditions of
or limitations on awards to participants that the Administrator in the prior
exercise of its discretion has imposed, without the consent of a participant,
and (subject to the requirements of Sections 3.2 and 8.6.5) may make other
changes to the terms and conditions of awards. Any amendment or other action
that would constitute a repricing of an award is subject to the limitations set
forth in Section 3.2(g).

 

8.6.5        Limitations
on Amendments to Plan and Awards. No amendment,
suspension or termination of this Plan or amendment of any outstanding award
agreement shall, without written consent of the participant, affect in any
manner materially adverse to the participant any rights or benefits of the
participant or obligations of the Corporation under any award granted under
this Plan prior to the effective date of such change. Changes, settlements and
other actions contemplated by Section 7 shall not be deemed to constitute
changes or amendments for purposes of this Section 8.6.

 

8.7                               Privileges of Stock Ownership. Except
as otherwise expressly authorized by the Administrator, a participant shall not
be entitled to any privilege of stock ownership as to any shares of Common
Stock not actually delivered to and held of record by the participant. Except
as expressly required by Section 7.1 or otherwise expressly provided by the
Administrator, no adjustment will be made for dividends or other rights as a
stockholder for which a record date is prior to such date of delivery.

 

17

 

8.8          Governing
Law; Construction; Severability.

 

8.8.1        Choice
of Law. This Plan, the awards, all documents
evidencing awards and all other related documents shall be governed by, and
construed in accordance with the laws of the State of Delaware.

 

8.8.2        Severability.
If a court of competent jurisdiction holds any provision invalid and
unenforceable, the remaining provisions of this Plan shall continue in effect.

 

8.8.3                     Plan
Construction.

 

(a)                                  Rule 16b-3. It is the intent of the
Corporation that the awards and transactions permitted by awards be interpreted
in a manner that, in the case of participants who are or may be subject to
Section 16 of the Exchange Act, qualify, to the maximum extent compatible with
the express terms of the award, for exemption from matching liability under
Rule 16b-3 promulgated under the Exchange Act. Notwithstanding the foregoing,
the Corporation shall have no liability to any participant for Section 16
consequences of awards or events under awards if an award or event does not so
qualify.

 

(b)                                  Section 162(m). Awards under Section
5.1.4 to persons described in Section 5.2 that are either granted or become
vested, exercisable or payable based on attainment of one or more performance
goals related to the Business Criteria, as well as Qualifying Options and
Qualifying SARs granted to persons described in Section 5.2, that are approved
by a committee composed solely of two or more outside directors (as this
requirement is applied under Section 162(m) of the Code) shall be deemed to be
intended as performance-based compensation within the meaning of Section 162(m)
of the Code unless such committee provides otherwise at the time of grant of
the award. It is the further intent of the Corporation that (to the extent the
Corporation or one of its Subsidiaries or awards under this Plan may be or
become subject to limitations on deductibility under Section 162(m) of the
Code) any such awards and any other Performance-Based Awards under Section 5.2
that are granted to or held by a person subject to Section 162(m) will qualify
as performance-based compensation or otherwise be exempt from deductibility
limitations under Section 162(m).

 

8.9                               Captions. Captions and headings are
given to the sections and subsections of this Plan solely as a convenience to
facilitate reference. Such headings shall not be deemed in any way material or
relevant to the construction or interpretation of this Plan or any provision
thereof.

 

8.10                        Stock-Based Awards in Substitution for Stock Options or Awards Granted
by Other Corporation. Awards may be granted to Eligible Persons
in substitution 

 

18

 

for or in connection with an assumption of employee
stock options, SARs, restricted stock or other stock-based awards granted by
other entities to persons who are or who will become Eligible Persons in respect
of the Corporation or one of its Subsidiaries, in connection with a
distribution, merger or other reorganization by or with the granting entity or
an affiliated entity, or the acquisition by the Corporation or one of its
Subsidiaries, directly or indirectly, of all or a substantial part of the stock
or assets of the employing entity. The awards so granted need not comply with
other specific terms of this Plan, provided the awards reflect only adjustments
giving effect to the assumption or substitution consistent with the conversion
applicable to the Common Stock in the transaction and any change in the issuer
of the security. Any shares that are delivered and any awards that are granted
by, or become obligations of, the Corporation, as a result of the assumption by
the Corporation of, or in substitution for, outstanding awards previously
granted by an acquired company (or previously granted by a predecessor employer
(or direct or indirect parent thereof) in the case of persons that become
employed by the Corporation or one of its Subsidiaries in connection with a
business or asset acquisition or similar transaction) shall not be counted
against the Share Limit or other limits on the number of shares available for
issuance under this Plan.

 

8.11                        Non-Exclusivity of Plan. Nothing in this Plan shall
limit or be deemed to limit the authority of the Board or the Administrator to
grant awards or authorize any other compensation, with or without reference to
the Common Stock, under any other plan or authority.

 

8.12                        No Corporate Action Restriction. The existence of this
Plan, the award agreements and the awards granted hereunder shall not limit,
affect or restrict in any way the right or power of the Board or the
stockholders of the Corporation to make or authorize: (a) any adjustment,
recapitalization, reorganization or other change in the capital structure or
business of the Corporation or any Subsidiary, (b) any merger, amalgamation,
consolidation or change in the ownership of the Corporation or any Subsidiary, (c)
any issue of bonds, debentures, capital, preferred or prior preference stock
ahead of or affecting the capital stock (or the rights thereof) of the
Corporation or any Subsidiary, (d) any dissolution or liquidation of the
Corporation or any Subsidiary, (e) any sale or transfer of all or any part of
the assets or business of the Corporation or any Subsidiary, or (f) any other
corporate act or proceeding by the Corporation or any Subsidiary. No
participant, beneficiary or any other person shall have any claim under any
award or award agreement against any member of the Board or the Administrator,
or the Corporation or any employees, officers or agents of the Corporation or
any Subsidiary, as a result of any such action.

 

8.13                        Other Company Benefit and Compensation Programs.
Payments and other benefits received by a participant under an award made
pursuant to this Plan shall not be deemed a part of a participant’s
compensation for purposes of the determination of benefits under any other
employee welfare or benefit plans or arrangements, if any, provided by the
Corporation or any Subsidiary, except where the Administrator expressly
otherwise provides or authorizes in writing. Awards under this Plan may be made
in addition to, in combination with, as 

 

19

 

alternatives to or in payment of grants, awards or
commitments under any other plans or arrangements of the Corporation or its
Subsidiaries.

 

20Exhibit 10.50

 

INDEMNIFICATION AGREEMENT

 

THIS AGREEMENT
is entered into as of           ,
2007 among Marquee Holdings Inc., a Delaware
corporation (“Holdings”), AMC
Entertainment Inc., a Delaware corporation (“AMCE”),
and                    
(the “Indemnitee”).

 

A.            Each of Holdings and AMCE (each a “Company” and together, the “Companies”)
believes that it is in the best interests of the Companies and their respective
shareholder or shareholders, as the case may be, to retain and attract the most
capable persons available to serve as directors of the Companies. The Companies
and Indemnitee recognize the increased risk of litigation and other claims
being asserted against directors of companies in today’s environment, while at
the same time basic protection against undue risk of personal liability of
directors through insurance coverage providing comprehensive protection at
reasonable cost is more difficult to obtain.

 

B.            The Delaware legislature, in
recognition of the need to secure the continued service of competent and
experienced people in senior corporate positions and to assure that they will
be able to exercise judgment without fear of personal liability so long as they
fulfill the basic duties of honesty, care and good faith, has enacted Section
145 of The Delaware General Corporation Law (the “DGCL”),
which empowers each Company to indemnify its officers, directors, employees and
agents and expressly provides that the indemnification provided by the statute
is not exclusive. Each Company’s Certificate of Incorporation requires such
Company to indemnify and advance expenses to its directors and officers to the
fullest extent now or hereafter authorized or permitted by law and authorizes
such Company to enter into agreements providing for such indemnification and
advancement of expenses.

 

C.            Indemnitee is a director of each
Company. Each Company recognizes that the Indemnitee continues to serve as a
director of the Companies in part in reliance on the aforesaid indemnification
rights under the applicable Certificate of Incorporation and that substantial
protection against personal liability will enhance Indemnitee’s continued
service to the Companies in an effective manner. In order to provide Indemnitee
with specific contractual assurance that the protection promised by such
Certificate of Incorporation will be available to Indemnitee (regardless of,
among other things, any amendment to or revocation of such Certificate of
Incorporation or any change in the composition of either Holdings’ or AMCE’s
Board of Directors or any acquisition transaction relating to either Company),
and due to the possibility that the Companies’ directors’ and officers’
liability insurance coverage could at some future time become inadequate, each
Company wishes to provide in this Agreement for the indemnification of, and the
advancing of expenses to, Indemnitee to the fullest extent (whether partial or
complete) now or hereafter authorized or permitted by law and as set forth in
this Agreement, and, to the extent insurance is maintained, for the continued
coverage of Indemnitee under such Company’s directors’ and officers’ liability
insurance policies.

 

 

NOW,
THEREFORE, in consideration of the premises and of Indemnitee continuing to
serve the Companies directly or, at its request, with another enterprise, and
intending to be legally bound hereby, the parties agree as follows:

 

1.   CERTAIN
DEFINITIONS:

 

“2007 IPO”
shall mean, for purposes of this Agreement, one or more of the following
events:

 

(i)            an
Initial Public Offering that occurs on or before December 31, 2007;

 

(ii)           the
reclassification of Holdings’ Capital Stock in anticipation of such Initial
Public Offering;

 

(iii)          entry
by holders of Holdings shares into one or more new voting agreements in
anticipation of such Initial Public Offering; and

 

(iv)          the
transactions related to the foregoing.

 

“Affiliate”
shall mean, with respect to any specified Person:

 

(i)            any
other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person; or

 

(ii)           any
other Person that owns, directly or indirectly, 10% or more of such Person’s
Capital Stock or any officer or director of any such Person or other Person or
with respect to any natural Person, any person having a relationship with such
Person by blood, marriage or adoption not more remote than first cousin.

 

For the purposes of this definition, “control” when used with respect to any
specified Person means the power to direct the management and policies of such
Person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise; and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

 

 “Applicable Standard of Conduct” means the
standard established by DGCL Section 145(a)-(b), as amended from time to time.

 

 “Approved Law Firm” means any law firm
selected by either Company and approved by the Indemnitee (which approval shall
not unreasonably be withheld) (i) experienced in matters of corporate law, (ii)
having 300 or more attorneys, and (iii) which otherwise does not have a
conflict of interest (under applicable standards of professional conduct).

 

2

 

 “Board of Directors” means the Board of
Directors of either Holdings or AMCE as constituted at any given time, as the
case may be.

 

“Capital
Stock” of any Person shall mean any and all shares, interests,
participations or other equivalents (however designated) of such Person’s
capital stock, including preferred stock, any rights (other than debt
securities convertible into capital stock), warrants or options to acquire such
capital stock, whether outstanding on the date hereof or issued thereafter.

 

“Change in
Control” means the occurrence, after the 2007 IPO, of any of the
following events:

 

(i)            the
acquisition by any individual, entity or group (within the meaning of Section
13(d)(3) or 14(d)(2) of the Exchange Act) (a “CIC
Person”) of beneficial ownership (within the meaning of Rule 13d-3
promulgated under the Exchange Act) of more than 50% of either (1) the
then-outstanding shares of common stock of Holdings (the “Outstanding Company Common Stock”) or (2)
the combined voting power of the then-outstanding voting securities of Holdings
entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”)
(except to the extent that the beneficial ownership in excess of 50% existed at
the time of such acquisition); provided, however, that, for purposes of this
clause (i), the following acquisitions shall not constitute a Change in
Control; (A) any acquisition directly from Holdings, (B) any acquisition by
Holdings, (C) any acquisition by any employee benefit plan (or related trust)
sponsored or maintained by Holdings or any Affiliate of Holdings or a
successor; and (D) any acquisition by any entity pursuant to a transaction that
complies with clauses (iii)(1), (2) and (3) below;

 

(ii)           a
change in the Board or its members such that individuals who, as of the later
of an Initial Public Offering that occurs on or before December 31, 2007 or the
date that is two years prior to such change (the later of such two dates is
referred to as the “Measurement Date”),
constitute the Board (the “Incumbent Board”)
cease for any reason to constitute at least a majority of the Board; provided,
however, that any individual becoming a director subsequent to the Measurement
Date whose election, or nomination for election by Holdings’ stockholders, was
approved by a vote of at least a majority of the directors then comprising the
Incumbent Board (including for these purposes, the new members whose election
or nomination was so approved, without counting the member and his predecessor
twice) shall be considered as though such individual were a member of the Incumbent
Board, but excluding, for this purpose, any such individual whose initial
assumption of office occurs as a result of an actual or threatened election
contest with respect to the election or removal of directors or other actual or
threatened 

 

3

 

solicitation of proxies or consents by or on
behalf of a CIC Person other than the Board;

 

(iii)          consummation
of a reorganization, merger, statutory share exchange or consolidation or
similar corporate transaction involving Holdings or any of its Subsidiaries, a
sale or other disposition of all or substantially all of the assets of
Holdings, or the acquisition of assets or stock of another entity by Holdings
or any of its Subsidiaries (each, a “Business
Combination”), in each case unless, following such Business
Combination, (1) all or substantially all of the individuals and entities that
were the beneficial owners of the Outstanding Company Common Stock and the
Outstanding Company Voting Securities immediately prior to such Business
Combination beneficially own, directly or indirectly, more than 50% of the
then-outstanding shares of common stock and the combined voting power of the
then-outstanding voting securities entitled to vote generally in the election of
directors, as the case may be, of the entity resulting from such Business
Combination (including, without limitation, an entity that, as a result of such
transaction, owns Holdings or all or substantially all of assets of Holdings
directly or through one or more subsidiaries (a “Parent”)) in substantially the same proportions as their
ownership immediately prior to such Business Combination of the Outstanding
Company Common Stock and the Outstanding Company Voting Securities, as the case
may be, (2) no CIC Person (excluding any entity resulting from such Business
Combination or a Parent or any employee benefit plan (or related trust) of
Holdings or such entity resulting from such Business Combination or Parent)
beneficially owns, directly or indirectly, more than 50% of, respectively, the
then-outstanding shares of common stock of the entity resulting from such
Business Combination or the combined voting power of the then-outstanding
voting securities of such entity, except to the extent that the ownership in
excess of 50% existed prior to the Business Combination, and (3) at least a
majority of the members of the board of directors or trustees of the entity
resulting from such Business Combination or a Parent were members of the
Incumbent Board (determined pursuant to clause (ii) above using the date that
is the later of the Initial Public Offering or the date that is two years prior
to the Business Combination as the Measurement Date) at the time of the
execution of the initial agreement or of the action of the Board providing for
such Business Combination; or

 

(iv)          approval
by the stockholders of Holdings of a complete liquidation or dissolution of
Holdings other than in the context of a transaction that does not constitute a
Change in Control under clause (iii) above;

 

provided, however, that for the avoidance of
doubt, the parties hereto agree that the 2007 IPO shall not constitute or be
deemed to cause or result in a Change in Control hereunder.

 

4

 

 “Claim” means, with respect to a Company,
any threatened, pending or completed action, suit or proceeding, or any inquiry
or investigation, whether conducted by such Company or any other party, that
Indemnitee in good faith believes might lead to the institution of any such
action, suit or proceeding, whether civil, criminal, administrative,
investigative or other.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“Expenses”
includes attorneys’ fees and all other costs, expenses and obligations paid or
incurred in connection with investigating, defending, being a witness in or
participating in (including on appeal), or preparing to defend, be a witness in
or participate in, any Claim relating to any Indemnifiable Event.

 

“Indemnifiable
Event” means, with respect to a Company, any event or occurrence
related to the fact that Indemnitee is or was a director, officer, employee,
agent or fiduciary of such Company, or is or was serving at the request of such
Company as a director, officer, employee, trustee, agent or fiduciary of
another corporation of any type or kind, domestic or foreign, partnership,
joint venture, trust, employee benefit plan or other enterprise, or by reason
of anything done or not done by Indemnitee in any such capacity. Without
limitation of any indemnification provided hereunder, an Indemnitee serving (i)
another corporation, partnership, joint venture or trust of which 20 percent or
more of the voting power or residual economic interest is held, directly or
indirectly, by the such Company, or (ii) any employee benefit plan of such
Company or any entity referred to in clause (i), in any capacity shall be
deemed to be doing so at the request of such Company.

 

 “Person”
means any individual, corporation, partnership, limited liability
company, joint venture, association, joint stock company, trust, estate,
unincorporated organization or government or any agency or political
subdivision thereof.

 

 “Reviewing Party” means (i) the Board of
Directors acting by majority vote of directors who are not parties to the
particular Claim with respect to which Indemnitee is seeking indemnification,
even though less than a quorum, or (ii) by a committee of such directors
designated by a majority vote of such directors, even though less than a quorum,
or (iii) if there are no such directors, or if such directors so direct or if
it is required by this Agreement, by an Approved Law Firm. The Companies agrees
to pay the reasonable fees of the Approved Law Firm and to fully indemnify such
counsel against any and all expenses (including attorneys’ fees), claims,
liabilities and damages arising out of or relating to this Agreement or its
engagement pursuant hereto.

 

2.   INDEMNIFICATION
AND EXPENSE ADVANCEMENT.

 

If Indemnitee was, is or becomes at any time a party to, or
witness or other participant in, or is threatened to be made a party to, or
witness or other participant in, a Claim by reason of (or arising in part out
of) an Indemnifiable Event:

 

5

 

Each of Holdings and AMCE, as applicable, shall indemnify
Indemnitee to the fullest extent now or hereafter authorized or permitted by
the DGCL, against any and all Expenses, judgments, fines (including excise
taxes assessed against an Indemnitee with respect to an employee benefit plan),
penalties and amounts paid in settlement (including all interest, assessments
and other charges paid or payable in connection with, or in respect of, such
Expenses, judgments, fines, penalties or amounts paid in settlement) of such
Claim. Each Company’s obligations to make payments under this Agreement are not
subject to diminution by set off, counterclaim, abatement or otherwise. However,
Indemnitee will not be released from any liability or obligation owed to the
Companies, whether under this Agreement or otherwise.

 

Each of Holdings and AMCE, as applicable, shall promptly
advance within 20 days any and all Expenses incurred by Indemnitee prior to
final disposition of the Claim (an “Expense Advance”)
upon delivery to such Company of a written affirmation by the Indemnitee of his
good faith belief that he has met the Applicable Standards of Conduct and is
not precluded by circumstances in Section 3 and an undertaking, by or on behalf
of Indemnitee, to repay all amounts so advanced if it should be determined
ultimately that Indemnitee is not entitled to indemnification under the DGCL.

 

3.   EXCEPTIONS.

 

Indemnitee shall not be entitled to indemnification
pursuant to this Agreement:

 

in any action in which the Indemnitee’s
conduct has been finally adjudged to have been knowingly fraudulent,
deliberately dishonest or willful misconduct or is otherwise not permitted by
law;

 

in any derivative action in which Indemnitee
has been finally adjudged to be liable to such Company, unless and only to the
extent that the Delaware Court of Chancery or the court in which the proceeding
was brought shall determine upon application that, despite the adjudication of
liability but in view of all the circumstances of the case, the Indemnitee is
fairly and reasonably entitled to indemnity for such expenses as the court
shall deem proper, or

 

prior to a Change in Control, in connection
with any Claim initiated by Indemnitee against either Company or any director
or officer of either Company unless such Company has joined in or consented to
the initiation of such Claim.

 

4.   PROCEDURE.

 

Except as provided in the last paragraph of Section 2, each
Company’s obligations under Section 2 shall be subject to the condition that
the Reviewing Party shall have authorized such indemnification in the specific
case by having determined that the indemnification is not precluded by
circumstances described in Section 3 of this 

 

6

 

Agreement and
Indemnitee is permitted to be indemnified under the Applicable Standard of
Conduct.

 

Indemnitee shall promptly notify Holdings or AMCE, as
applicable, of any notice Indemnitee receives that a Claim has been made (or
threatened). Holdings or AMCE, as applicable, shall promptly call a meeting of
the Board of Directors with respect to a Claim and shall use its best efforts
to facilitate a prompt determination by the Reviewing Party with respect to the
Claim. Indemnitee shall be afforded the opportunity to make submissions to the
Reviewing Party with respect to the Claim. Except as provided in this Section,
any determination by the Reviewing Party shall be conclusive and binding on
either Company, as applicable, and Indemnitee.

 

If there has been no determination by the Reviewing Party
within 90 days after a written Claim has been received by either Holdings or
AMCE, as applicable, or if the Reviewing Party determines that Indemnitee
substantively would not be permitted to be indemnified in whole or in part
under applicable law, Indemnitee shall have the right to commence litigation in
the Court of Chancery in the State of Delaware seeking an initial determination
by the court or challenging any such determination by the Reviewing Party or
any aspect thereof. Each Company hereby consents to service of process and to
appear in any such proceeding. If Indemnitee has commenced legal proceedings,
any determination made by the Reviewing Party that Indemnitee would not be
permitted to be indemnified under applicable law shall not be binding and Indemnitee
shall not be required to reimburse Holdings or AMCE, as applicable, for any
Expense Advance until a final judicial determination is made with respect
thereto (as to which all rights of appeal therefrom have been exhausted or
lapsed). It shall be a defense to any such action (other than an action brought
to enforce a claim for expenses incurred in defending any proceeding in advance
of its final disposition where the required undertaking has been tendered to
Holdings or AMCE, as applicable) that Indemnitee did not meet the Applicable
Standard of Conduct, but the burden of proving such defense shall be on the
Companies. Neither the Reviewing Party’s failure to have made a determination
prior to the commencement of such action that indemnification of Indemnitee is
proper in the circumstances because Indemnitee has met the Applicable Standard
of Conduct nor an actual determination by Reviewing Party that Indemnitee did
not meet the Applicable Standard of Conduct shall be a defense to the action or
create a presumption that Indemnitee did not meet the Applicable Standard of
Conduct.

 

5.   CHANGE IN CONTROL.

 

If there is a Change in Control (other than a Change in
Control which has been approved by a majority of the Board of Directors who
were directors immediately prior to such Change in Control), then the Reviewing
Party must be an Approved Law Firm or the stockholders.

 

6.   INDEMNIFICATION
FOR ADDITIONAL EXPENSES.

 

Upon request by Indemnitee, Holdings or AMCE, as
applicable, shall (within two business days of such request) advance to
Indemnitee any and all expenses 

 

7

 

(including
attorneys’ fees) that are reasonably incurred by Indemnitee in connection with
any claim asserted or action brought by Indemnitee for (i) indemnification or
Expense Advances under this Agreement or any other agreement, Certificate of
Incorporation provision or By-law of Holdings or AMCE, as applicable, now or
hereafter in effect relating to Claims for Indemnifiable Events and/or (ii)
recovery under any directors’ and officers’ liability insurance policies
maintained by the Companies. If successful in whole or in part, Holdings or
AMCE, as applicable, shall indemnify Indemnitee against any and all such
expenses. If wholly unsuccessful, Indemnitee shall promptly reimburse Holdings
or AMCE, as applicable, for all advances by a Company hereunder.

 

7.   PARTIAL INDEMNITY,
ETC.

 

If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Companies for a portion of the Expenses,
judgments, fines, penalties and amounts paid in settlement of a Claim but not,
however, for all of the total amount thereof, Holdings or AMCE, as applicable,
shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee
is entitled. Moreover, notwithstanding any other provision of this Agreement,
to the extent that Indemnitee has been successful on the merits or otherwise in
defense of any or all Claims relating in whole or in part to an Indemnifiable
Event or in defense of any issue or matter therein, including dismissal without
prejudice, Indemnitee shall be indemnified, to the extent permitted by law,
against all Expenses incurred in connection with such Indemnifiable Event.

 

8.   PROHIBITED
INDEMNIFICATION.

 

No indemnification pursuant to this Agreement shall be paid by the
Companies on account of any action in which a final judgment is rendered
against Indemnitee or Indemnitee enters into a settlement, in each case for an
accounting of profits made from the purchase or sale by Indemnitee of
securities of either Company pursuant to the provisions of Section 16(b) of the
Exchange Act or similar provisions of any federal, state or local laws. Notwithstanding
anything to the contrary stated or implied in this Section 8, indemnification
pursuant to this Agreement relating to any action against Indemnitee for an
accounting of profits made from the purchase or sale by Indemnitee of
securities of either Company pursuant to the provisions of Section 16(b) of the
Exchange Act or similar provisions of any federal, state or local laws shall
not be prohibited if Indemnitee ultimately establishes in any action that no
recovery of such profits from Indemnitee is permitted under Section 16(b) of
the Exchange Act or similar provisions of any federal, state or local laws.

 

9.   BURDEN OF PROOF.

 

In connection with any determination by the Reviewing Party
or otherwise as to whether Indemnitee is entitled to be indemnified hereunder,
the burden of proof shall be on the Companies to establish that Indemnitee is
not so entitled.

 

8

10.   NO PRESUMPTION.

 

For purposes of this Agreement, the termination of any
claim, action, suit or proceeding, whether civil or criminal, by judgment,
order, settlement (whether with or without court approval) or conviction, or
upon a plea of nolo contendere, or its
equivalent, shall not create a presumption that Indemnitee did not meet any
particular standard of conduct or have any particular belief or that a court has
determined that indemnification is not permitted by applicable law.

 

11.   ASSUMPTION OF
DEFENSE.

 

If
either Company is required to pay the costs of any Claim brought against
Indemnitee, Holdings or AMCE, as applicable, shall have the right to assume the
defense of such Claim, with counsel approved by Indemnitee, upon delivery of
written notice of such Company’s election to assume the defense. Notwithstanding
the foregoing, however, either Company shall not have the right to assume the
defense in any Claim brought by or in the right of Holdings or AMCE, as
applicable, or as to which Indemnitee has reasonably concluded that there is a
conflict of interest between Indemnitee and such Company in the conduct of the
defense.

 

After either
Company gives notice to Indemnitee that it intends to assume the defense of a
Claim, Indemnitee will have the right to employ separate counsel at his expense.
Either Company will not be liable under this Agreement for any fees of counsel
Indemnitee subsequently incurs with respect to the Claim, unless:

 

•                  the Company
previously authorized Indemnitee to employ separate counsel at the Company’s
expense;

 

•                  Indemnitee
reasonably has concluded that there is a conflict of interest between
Indemnitee and Holdings or AMCE, as applicable, in the conduct of Indemnitees’
defense; or

 

•                  Holdings or
AMCE, as applicable, has failed to employ counsel to assume the defense of such
Claim.

 

Indemnitee
agrees to give Holdings or AMCE, as applicable, such information and
cooperation as may reasonably be requested in defense of any Claim or threat of
a Claim.

 

Indemnitee
agrees that the Companies are not obligated to indemnify Indemnitee under this
Agreement for any amounts Indemnitee pays to settle any action or claim without
Holdings or AMCE, as applicable, prior written consent. The Companies agrees
not to settle any action or claim in any manner that will impose any penalty or
limitation on Indemnitee without Indemnitee’s prior written consent.

 

The Companies and Indemnitee agree not
to unreasonably withhold consent to any proposed settlement. If either of the
Companies or Indemnitee refuses to agree to a proposed settlement acceptable to
the other party, the Companies will retain independent legal counsel reasonably
acceptable to Indemnitee for the purpose of 

 

9

 

determining
whether the proposed settlement is reasonable under the circumstances. The
Companies will pay all reasonable fees and expenses incurred by independent
legal counsel in connection with such determination. If independent legal
counsel determines that the proposed settlement is reasonable under all the
circumstances, the party advocating the settlement may consummate the
settlement without the consent of the other party. Such independent legal
counsel shall meet the standards of an Approved Law Firm and shall not be a law
firm that, during the five-year period prior to the Indemnifiable Event, has
been engaged by the Companies, any successor corporation resulting from a
reorganization, merger, consolidation or sale or other disposition of all or
substantially all of the consolidated assets of the Companies or Indemnitee.

 

12.   NONEXCLUSIVITY,
ETC.

 

The rights of the Indemnitee hereunder
shall be in addition to any other rights Indemnitee may have under the
Certificate of Incorporation of either Company, the DGCL, or otherwise,
including without limitation any right to indemnification to which Indemnitee
may be entitled under DGCL Section 145(c). To the extent that a change in the
DGCL (whether by statute or judicial decision) permits greater indemnification
by agreement than would be afforded currently under the Certificate of
Incorporation of either Company and this Agreement, it is the intent of the
parties hereto that Indemnitee shall enjoy by this Agreement the greater
benefits so afforded by such change.

 

13.   LIABILITY
INSURANCE.

 

To the extent the Companies maintains
an insurance policy or policies providing directors’ and officers’ liability
insurance, Indemnitee shall be covered by such policy or policies, in
accordance with its or their terms, to the maximum extent of the coverage
available for any director or officer of the Companies and will promptly notify
the insurance carriers of any Claim.

 

14.   PERIOD OF
LIMITATIONS.

 

No legal action shall be brought and
no cause of action shall be asserted by or on behalf of either Company or any
affiliate of either Company against Indemnitee, Indemnitee’s spouse, heirs,
executors or personal or legal representatives and any claim or cause of action
of either Company or any affiliate shall be extinguished and deemed released
unless asserted by the timely filing of a legal action within two years after
the accrual of either Company’s cause of action period, or if any shorter
period of limitations is otherwise applicable by law, then prior to expiration
of the shorter period.

 

15.   AMENDMENTS, ETC.

 

No supplement, modification or amendment of this Agreement
shall be binding unless executed in writing by each of the parties hereto. No
waiver of any of the provisions of this Agreement shall be effective unless in
writing and no written waiver 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.

 

10

 

16.   SUBROGATION.

 

In the event of payment under this Agreement, the Companies
shall be subrogated to the extent of such payment to all of the rights of
recovery of Indemnitee, who shall execute all papers required and shall do
everything that may be necessary to secure such rights, including the execution
of such documents necessary to enable either Company effectively to bring suit
to enforce such rights.

 

17.   NO DUPLICATION OF
PAYMENTS.

 

The Companies shall not be liable under this Agreement to
make any payment in connection with any Claim made against Indemnitee to the
extent Indemnitee has otherwise actually received payment (under any insurance
policy, Certificate of Incorporation, By-law or otherwise) of the amounts
otherwise indemnifiable hereunder.

 

18.   SPECIFIC
PERFORMANCE.

 

The parties recognize that if any provision of this
Agreement is violated by either Company, Indemnitee may be without an adequate
remedy at law. Accordingly, in the event of any such violation, the Indemnitee
shall be entitled, if Indemnitee so elects, to institute proceedings, either in
law or at equity, to obtain damages, to enforce specific performance, to enjoin
such violation, or to obtain any relief or any combination of the foregoing as
Indemnitee may elect to pursue.

 

19.   BINDING EFFECT,
ETC.

 

This Agreement shall be binding upon, inure to the benefit
of, and be enforceable by, the parties hereto and their respective successors
(including any direct or indirect successor by purchase, merger, consolidation
or otherwise to all or substantially all of the business and/or assets of the
Companies), assigns, spouses, heirs, and personal and legal representatives.
This Agreement shall continue in effect regardless of whether Indemnitee
continues to serve as an officer or director of either Company or of any other
enterprise at either Company’s request.

 

20.   SEVERABILITY.

 

The provisions of this Agreement shall be severable if any
of the provisions hereof (including any provision within a single section,
paragraph or sentence) are held by a court of competent jurisdiction to be
invalid, void or otherwise unenforceable, and the remaining provisions shall
remain enforceable to the fullest extent permitted by law.

 

21.   CONTRIBUTION.

 

To the fullest extent permissible under applicable law, if the
indemnification provided for in this Agreement is unavailable to Indemnitee for
any reason whatsoever, the Companies, in lieu of indemnifying Indemnitee, shall
contribute to the amount incurred by Indemnitee, whether for judgments, fines,
penalties, excise 

 

11

 

taxes, amounts paid or to be paid in settlement and/or for Expenses, in
connection with any claim relating to an Indemnifiable Event under this
Agreement, in such proportion as is deemed fair and reasonable in light of all
of the circumstances of such proceeding in order to reflect (i) the relative
benefits received by the Companies and Indemnitee as a result of the event(s)
and/or transaction(s) giving cause to such action; and/or (ii) the relative
fault of the Companies (and its directors, officers, employees and agents) and
Indemnitee in connection with such event(s) and/or transaction(s).

 

22.   GOVERNING LAW.

 

This Agreement shall be governed by, and be construed and
enforced in accordance with, the laws of the State of Delaware applicable to
contracts made and to be performed in such state without giving effect to the
principles of conflicts of laws.

 

23.   ENTIRE AGREEMENT.

 

This Agreement constitutes the entire agreement between the parties
hereto with respect to the subject matter hereof and supersedes all prior
agreements and understandings, oral, written and implied, between the parties
hereto with respect to the subject matter hereof; provided, however, that this
Agreement is a supplement to and in furtherance of the Certificate of
Incorporation and applicable law, and shall not be deemed a substitute
therefor, nor to diminish or abrogate any rights of Indemnitee thereunder.

 

24.   NOTICES.

 

All notices, requests, demands and other communications
relating to this Agreement shall be in writing and shall be deemed to be duly
given if (a) delivered by hand and receipted for by the party to whom the
notice or communication was directed, or (b) mailed by certified or registered
mail with postage prepaid:

 

if to Indemnitee, to:

 

 

or to such other address as Indemnitee furnishes, and

 

if to Holdings, to:

 

Marquee Holdings Inc.

c/o AMC Entertainment, Inc.

920 Main Street

Kansas City, MO 64105

 

12

 

if to AMCE, to:

 

AMC Entertainment Inc.

920 Main Street

Kansas City, MO 64105

 

or to such
other address the Companies furnish.

 

IN WITNESS WHEREOF, the Company and Indemnitee have executed this
Agreement as of the date first above written.

 

 

	
   

  	
   

  	
  Marquee Holdings Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Craig R. Ramsey

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President and Chief

  
	
   

  	
   

  	
   

  	
  Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AMC Entertainment Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Craig R. Ramsey

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President and Chief

  
	
   

  	
   

  	
   

  	
  Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Indemnitee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  

 

 

13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}]]