Document:

EXHIBIT 10

EXHIBIT 10.25

EMPLOYMENT AGREEMENT

This Employment Agreement is entered into by and among AMC ENTERTAINMENT INC., a Delaware corporation ("AMCE"), AMERICAN MULTI-CINEMA, INC., a Missouri corporation ("AMC" and, collectively with AMCE, the "Company"), and 
RICHARD T. WALSH ("Employee"). In consideration of the mutual promises and covenants contained herein, the parties hereto agree as follows:

1.Duties. During the Term (as defined in Section 2) of his employment by the Company under this Agreement, Employee shall devote his full time and attention to the business of the Company as directed by AMC's President and
Chief Operating Officer or such officer's designee.

2.Term. The term of this Agreement shall commence as of July 1, 2001, and shall terminate on June 30, 2003, or sooner as provided in Section 6 below (such period, as it may be extended, the "Term"). On each July 1 hereafter,
commencing in 2002, one year shall be added to the Term of Employee's employment with the Company under this Agreement, so that as of each July 1 the Term of Employee's employment hereunder shall be two (2) years.

3.Compensation.

(a)Base Salary. During the Term of his employment by the Company under this Agreement, Employee shall receive an annual salary of $300,000 ("Base Salary") (less withholding for applicable taxes), payable in accordance with
the Company's payroll procedures for its salaried employees, subject to such increases as may be determined by AMC's President and Chief Operating Officer with the approval of AMCE's Chairman of the Board, President and Chief Executive Officer and, if
applicable, the Compensation Committee of the Board of Directors of AMCE.

(b)Bonus. In addition to Base Salary, Employee shall be eligible to receive an annual bonus (the "Bonus") as determined from time to time by AMC's President and Chief Operating Officer with the approval of AMCE's Chairman of
the Board, President and Chief Executive Officer and, if applicable, the Compensation Committee of AMCE, based on the Company's applicable incentive compensation program, as such may exist from time to time.

(c)Benefits. During the Term of Employee's employment by the Company under this Agreement, Employee also shall be eligible for the benefits offered by the Company from time to time to the Company's other executive officers
(such as group insurance, pension plans, thrift plans, stock purchase plans and the like). Nothing herein shall be construed so as to prevent the Company from modifying or terminating any employee benefit plans or programs it may adopt from time to time.

(d)Automobile. During the Term of Employee's employment by the Company under this Agreement, the Company shall provide Employee with a Company owned or leased automobile or an equivalent automobile allowance.

4.Expense Reimbursements. During the Term of Employee's employment by the Company under this Agreement, the Company shall reimburse Employee for business travel and entertainment expenses reasonably incurred by Employee on
behalf of the Company in accordance with the Company's procedures, as such may exist from time to time.

5.Termination. Employee's employment by the Company under this Agreement shall be terminated upon the earliest to occur of the following events:

(a)Resignation. Employee's resignation or other voluntary departure.

(b)Death. The death of Employee.

(c)Disability. If, as a result of Employee's incapacity due to physical or mental illness, (i) Employee shall not have been regularly performing his duties and obligations hereunder for a period of one hundred twenty (120)
consecutive days (a "Disability"), (ii) the Company has given Employee the written Notice of Termination pursuant to Section 6(a) hereof, and (iii) within thirty (30) days after the Company gives Employee such written Notice of Termination (which may
occur before or after the end of such 120 day period), Employee shall not have returned to the performance of his duties and obligations hereunder on a regular basis.

(d)Cause. Employee is terminated for Cause. For purposes of this Agreement, "Cause" is defined as (i) the willful and continued failure by Employee to perform substantially his duties with the Company (other than any such
failure resulting from his incapacity due to physical or mental illness), or (ii) the willful engaging by Employee in misconduct which is materially and demonstrably injurious to the Company. For purposes of this Agreement, no act, or failure to act, on
the part of Employee shall be considered "willful" unless such act was committed, or such failure to act occurred, in bad faith and without reasonable belief that Employee's act or failure to act was in the best interests of the Company.

(e)Without Cause. The employment of Employee by the Company under this Agreement may be terminated without Cause with severance at any time by AMC's President and Chief Operating Officer with the approval of AMCE's Chairman
of the Board, President and Chief Executive Officer in their sole discretion. In the event of payment of severance without Cause, Employee shall receive the severance amount specified in paragraph 7(c) herein and in such case, Employee will not receive
severance under the AMC Severance Pay Plan. 

(f)Good Reason. Employee terminates his employment by the Company hereunder for Good Reason. For purposes of this Agreement, "Good Reason" shall mean (i) a failure by the Company to comply with any material provisions of
this Agreement which has not been cured within thirty (30) days after written notice of such noncompliance has been given to the Company by Employee, (ii) any purported termination of Employee which is not effected pursuant to a Notice of Termination, as
defined in Sections 6 and 11 below (and for purposes of this Agreement no such purported termination shall be effective), or (iii) actions by the Company that result in a material diminution of Employee's position, authority, duties or responsibilities,
other than an action that is not taken in bad faith and is remedied by the Company promptly after receipt of notice thereof from Employee. Employee must notify the Company in writing within thirty (30) days of becoming aware of any of (i) through (iii)
above in order to receive the payments described in Section 7(c) below.

(g)Change of Control. Employee terminates his employment by the Company hereunder due to the occurrence of any one or more of the events described in clauses (i), (ii) and (iii) below subsequent to a Change of Control (as
defined below), provided that Employee has given the Company the written Notice of Termination pursuant to Section 6(a) hereof within sixty (60) days of the occurrence of any such event:
(i)a substantial adverse alteration in Employee's responsibilities from those in effect immediately prior to the Change of Control;

(ii)a reduction in Employee's Base Salary below the rate that is in effect immediately prior to the Change of Control; or

(iii)a material reduction in the benefits provided to Employee by the Company prior to the Change of Control.

For purposes of this Agreement a "Change of Control" means (i) a merger, consolidation or similar transaction involving the Company after which holders of the Company's stock before such transaction do not own at least 50% of the
combined voting power of all shares generally entitled to vote in the election of the members of the Board of Directors of the surviving entity, (ii) the acquisition by any person or group (other than Apollo or the holders of Class B Stock on the Initial
Issuance Date), so long as neither Apollo nor such holders of Class B Stock is a part of such group (as such term is defined in Section 13(d) of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder), of
beneficial ownership of at least 50% of the combined voting power of all shares generally entitled to vote in the election of the members of the Board of Directors of the Company, or (iii) the sale of all or substantially all of the assets of the Company
or similar transaction (the determination of aggregate voting power to recognize that the Company's Class B Stock has ten votes per share and the Company's Common Stock has one vote per share).

"Apollo" means Apollo Management IV, L.P., Apollo Management V, L.P. and their affiliates.

"Class B Stock" means the Class B Stock, par value $0.66 2/3 per share, of the Company.

"Common Stock" means the Common Stock, par value $0.66 2/3 per share, of the Company.

"Initial Issuance Date" means April 19, 2001, the first date of issuance of the Preferred Stock (as defined in the Investment Agreement described below, which definition is incorporated herein by this reference) pursuant to the closing
of the Investment Agreement.

"Investment Agreement" means the Investment Agreement entered in as of April 19, 2001 among the Company and certain investors named therein.
(h)Retirement. The retirement of the Employee at or after age 65.

6.Termination Procedure.

(a)Notice of Termination. Any termination of the Company's employment of Employee, either by the Company or by Employee (other than termination pursuant to Section 5(a) or (b) hereof), shall be communicated by written Notice
of Termination to the other party hereto in accordance with Section 11. For purposes of this Agreement, a "Notice of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall, where
applicable, set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Employee under the provisions so indicated.

(b)Date of Termination. "Date of Termination" shall mean (i) if Employee's employment by the Company is terminated by Employee's resignation, retirement or other voluntary departure, the date of such event, (ii) if
Employee's employment by the Company is terminated by his death, the date of death, (iii) if Employee's employment by the Company is terminated pursuant to Section 5(c) hereof, thirty (30) days after Notice of Termination is given (provided that Employee
shall not have again become available for service to the Company on a regular basis during such thirty (30) day period), (iv) if Employee's employment by the Company is terminated for Cause, the date specified in the Notice of Termination, and (v) if
Employee's employment by the Company is terminated for any other reason, the date on which a Notice of Termination is given.

 

7.Compensation During Disability or Upon Termination.

(a)During Disability. During any period that Employee fails to perform his duties under this Agreement as a result of incapacity due to physical or mental illness (a "disability period"), Employee shall continue to
receive his Base Salary at the rate then in effect for such period until his employment by the Company is terminated pursuant to Section 5(c) hereof, provided that payments so made to Employee during the first 180 days of any such disability period shall
be reduced by the sum of the amounts, if any, paid to Employee at or prior to the time of any such payment under disability benefit plans of the Company or under the Social Security disability insurance program, and which amounts were not previously
applied to reduce any such payment. Employee shall also receive a pro rata portion of the Bonus described in Section 3(b) pursuant to the Company's applicable incentive compensation program (the amount of such pro rated Bonus to be determined as though
the target level (or if there is no target level, at 50% of the Base Salary at the rate then in effect) was attained, multiplied by a fraction, the numerator of which is the number of completed months in the then current Bonus program year and the
denominator of which is 12), as such may exist from time to time.

(b)Termination for Employee Resignation, Cause or Retirement. If Employee's employment by the Company is terminated pursuant to Section 5(a), (d) or (h), the Company shall pay Employee his accrued but unpaid Base Salary
through the Date of Termination at the rate in effect at the time Notice of Termination is given, and the Company shall have no further obligations to Employee under this Agreement. If Employee's employment by the Company is terminated by Employee's
retirement, Employee shall also receive a pro rata portion of the Bonus described in Section 3(b) pursuant to the Company's applicable incentive compensation program (the amount of such pro rated Bonus to be determined as though the target level (or if
there is no target level, at 50% of the Base Salary at the rate then in effect) was attained, multiplied by a fraction, the numerator of which is the number of completed months in the then current Bonus program year and the denominator of which is 12), as
such may exist from time to time.

(c)Termination for Death, Disability, Without Cause or by Employee for Good Reason or Change of Control. If Employee's employment by the Company is terminated pursuant to Section 5(b), (c), (e), (f) or (g), the Company shall
pay to Employee or his personal representative a lump sum amount equal to two years Base Salary (less withholding for applicable taxes) of Employee in effect on the Date of Termination.

8.Confidentiality. Employee acknowledges that he knows and in the future will know information relating to the Company and its affiliated companies and their respective operations that is confidential or a trade secret. Such
information includes information, whether obtained in writing, in conversation or otherwise, concerning corporate strategy, intent and plans, business operations, pricing, costs, budgets, equipment, the status, scope and term of pending acquisitions,
negotiations and transactions, the terms of existing or proposed business arrangements, contracts and obligations, and corporate and financial reports. Such confidential or trade secret information shall not, however, include information in the public
domain unless Employee has, without authority, made it public.

Employee shall (a) not disclose such information to anyone except in confidence and as is necessary to the performance of his duties for the Company, (b) keep such information confidential, (c) take appropriate precautions to maintain
the confidentiality of such information, and (d) not use such information for personal benefit or the benefit of any competitor or any other person.

Upon termination of his employment by the Company under this Agreement, Employee shall return all materials in his possession or under his control that were prepared by or relate to the Company or its affiliates, including, but not
limited to, materials containing confidential information, files, memorandums, price lists, reports, budgets and handbooks.

Employee's obligation under this Section 8 shall survive the termination of Employee's employment by the Company under this Agreement.

9.Equitable Remedies. The parties acknowledge that irreparable damage will result to the Company from any violation of Section 8 above by Employee. The parties expressly agree that, in addition to any and all remedies
available to the Company for any such violation, the Company shall have the remedy of restraining order and injunction and any such equitable relief as may be declared or issued to enforce the provisions of Section 8 above and Employee agrees not to claim
in any such equitable proceeding that a remedy at law is available to the Company. Notwithstanding anything contained herein to the contrary and if, and only if, any provision of the type contained in Section 8 above, as the case may be, is enforceable in
the jurisdiction in question, if any one or more of the provisions contained in such section shall for any reason be held to be excessively broad as to duration, geographical scope, activity or subject, such provision shall be construed by limiting and
reducing it so as to be enforceable to the extent compatible with the applicable law in such jurisdiction as it shall then appear.

10.Successors: Binding Agreement.

(a)Company Successors. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all the business of the Company, by agreement in form
and substance satisfactory to Employee, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place.

(b)Employee's Successors. This Agreement and all rights hereunder shall be binding upon, inure to the benefit of and be enforceable by Employee's personal or legal representatives and heirs.

11.Notices. All notices, requests, demand or other communications under this Agreement shall be in writing addressed as follows:

(a)If to the Company, to:

Raymond F. Beagle, Jr.

Lathrop & Gage L.C.

2345 Grand Boulevard

Kansas City, Missouri 64108

(b)If to Employee, to:

Richard T. Walsh

23 Wrangler Lane

Canoga Park, California 91307

Any such notice, request, demand or other communication shall be effective as of the date of actual delivery thereof. Either party may change such notice address by written notice as provided herein.

12.Total Compensation. The compensation to be paid to Employee under this Agreement shall be in full payment for all services rendered by Employee in any capacity to the Company or any affiliate of the Company.

13.Additional Potential Compensation. Nothing in this Agreement shall prohibit the Company from awarding additional compensation to Employee if it is determined that such compensation is warranted based on Employee's
performance.

14.Other Provisions. This Agreement shall be governed by the laws of the State of Missouri. This Agreement represents the entire agreement of the parties hereto and shall not be amended except by a written agreement signed
by all the parties hereto. This Agreement supersedes any prior oral or written agreements or understandings between the Company or any affiliate of the Company and Employee. This Agreement shall not be assignable by one party without the prior written
consent of the other party, except by the Company if it complies with Section 10 above. In the event one or more of the provisions contained in this Agreement or any application thereof shall be invalid, illegal or unenforceable in any respect, the
validity, legality and enforceability of the remaining provisions of this Agreement or any other application thereof shall not in any way be affected or impaired thereby. Section headings herein have no legal significance.

15.Arbitration. Any legal dispute related to this Agreement and/or any claim related to this Agreement, or breach thereof, shall, in lieu of being submitted to a court of law, be submitted to arbitration, in accordance with
the applicable dispute resolution procedures of the American Arbitration Association. The award of the arbitrators shall be final and binding upon the parties.

The parties hereto agree that (i) three arbitrators shall be selected pursuant to the rules and procedures of the American Arbitration Association, (ii) at least one arbitrator shall be a licensed attorney, (iii) the arbitrators shall
have the power to award injunctive relief or to direct specific performance, (iv) each of the parties, unless otherwise provided by applicable law and procedures, shall bear its own attorneys' fees, costs and expenses and an equal share of the
arbitrators' and administrative fees of arbitration, and (v) the arbitrators shall award to the prevailing party a sum equal to that party's share of the arbitrators' and administrative fees of arbitration.

Nothing in this section shall be construed as providing Employee a cause of action, remedy or procedure that Employee would not otherwise have under this Agreement or the law. Employee understands that in signing this Agreement he is
waiving any right that he may have to a jury trial or a court trial of any legal dispute or claim as set forth above.

THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES.

IN WITNESS WHEREOF, the parties have executed this Employment Agreement as of the day and year first above written.

AMC ENTERTAINMENT INC.,

a Delaware corporation

By: /s/ Peter C. Brown

Peter C. Brown, Chairman of the Board,

President and Chief Executive Officer

AMERICAN MULTI-CINEMA, INC.,

a Missouri corporation

By: /s/ Philip M. Singleton

Philip M. Singleton, President and

Chief Operating Officer
 

Richard T. Walsh 

RICHARD T. WALSH, EMPLOYEEEXHIBIT 10

EXHIBIT 10.27

RETAINER AGREEMENT

This Retainer Agreement ("Agreement") is entered into by and between AMC ENTERTAINMENT INC., a Delaware corporation, and its subsidiaries and affiliates (the "Company"), and RAYMOND F. BEAGLE, JR. ("RFB"). In
consideration of the mutual promises and covenants contained herein, the parties hereto agree as follows:

	Engagement. The Company hereby engages RFB to continue as the Company's General Counsel. The Company agrees that, notwithstanding this engagement, RFB may continue the active practice of law.

	Term. The term of this Retainer Agreement shall commence as of July 1, 2001 and shall terminate on June 30, 2004, or sooner as provided in Section 5 below (such period, as it may be extended, the "Term"). On each July 1
hereafter, commencing in 2002, one year shall be added to the Term of this Retainer Agreement, so that as of each July 1 the Term of this Retainer Agreement shall be three (3) years.

	Compensation.

	Retainer Fee. During the Term of this engagement, RFB shall receive an annual retainer of $400,000.00. In addition, RFB shall be eligible to receive additional payments, benefits or bonuses as determined from time to time in
the sole discretion of the Chairman of the Board, President and Chief Executive Officer of the Company.

	Deferred Compensation. The Company agrees to maintain on its books a deferred compensation account (the "Account") to which it has credited certain amounts as of the end of the Company's fiscal year preceding the date of
this Agreement (the "Initial Balance") and to which it shall credit additional amounts in the future pursuant to this Section 3(b). The Company also has established, and agrees to maintain, a "Trust Under Retainer Agreement Between AMC and R. F. Beagle,
Jr." dated May 19, 1997, to which the Company has contributed, and may contribute in the future, certain amounts for the purpose of discharging its obligations hereunder to RFB and/or to his beneficiary or estate, but subject to the claims of the
Company's creditors in the event of its insolvency.

The Initial Balance, together with the amount of any deferred bonus and other amounts credited to the Account in the future, shall be credited annually with simple interest at the prime rate (as defined in the Wall Street Journal) plus
one percent (1%), determined by averaging such rates as of the last day of each calendar quarter during the fiscal year. Interest shall be credited annually, as of the last day of each fiscal year, based on the unpaid balance in the Account, continuing
after payments have commenced. Any deferred bonus earned for the prior fiscal year shall be credited as of the first day of the following fiscal year, although not determined or awarded until a later date. During any fiscal year in which a payment or
payments are made to RFB or his beneficiary (or estate), interest shall accrue on the last day of each calendar quarter, based on the average balance credited to the Account during the quarter.

Amounts credited to the Account are fully vested and nonforfeitable. Payment from the Account shall commence upon the earlier of (a) termination of this Agreement or of RFB's status as General Counsel, for any reason; (b) RFB's
Resignation, Death or Disability; or (c) a Change in Control, all as defined below, and shall be paid in substantially equal monthly installments for a period of twelve (12) years. The monthly amount shall be calculated, in consultation with AMC's
compensation consultant or pension plan actuary, based on the amount credited to the Account at the time payments commence and a reasonable projection of the prime rate of interest over the payment period, with any adjustment necessary to be made biannually
 .

The provisions of this Section 3(b), including maintenance of the Account, shall continue in full force and effect until all payments have been made to RFB and/or his beneficiary or estate hereunder, notwithstanding the termination of
any other or all provisions of this Agreement.

	Termination. This Retainer Agreement may be terminated upon the earliest to occur of the following events:

	Resignation. RFB's resignation or voluntary departure.

	Death. The death of RFB.

	Disability. If, as a result of RFB's incapacity due to physical or mental illness, (i) RFB shall not have been regularly performing his duties and obligations hereunder for a period of one hundred twenty (120) consecutive
days (a "Disability"), (ii) the Company has given RFB the written Notice of Termination pursuant to Section 5(a) hereof, and (iii) within thirty (30) days after the Company gives RFB such written Notice of Termination (which may occur before or after the
end of such 120 day period), RFB shall not have returned to the performance of his duties and obligations hereunder on a regular basis.

	Cause. RFB is terminated for Cause. For purposes of this Agreement, "Cause" is defined as (i) the willful and continued failure by RFB to perform substantially his duties with the Company (other than any such failure
resulting from his incapacity due to physical or mental illness), or (ii) the willful engaging by RFB in misconduct which is materially and demonstrably injurious to the Company. For purposes of this Agreement, no act, or failure to act, on the part of
RFB shall be considered "willful" unless such act was committed, or such failure to act occurred, in bad faith and without reasonable belief that RFB's act or failure to act was in the best interests of the Company.

	Without Cause. This Retainer Agreement may be terminated without cause at any time by the Company's Chairman of the Board, President and Chief Executive Officer with the approval of the Board of Directors.

	Good Reason. RFB terminates his engagement by the Company hereunder for Good Reason. For purposes of this Retainer Agreement, a "Good Reason" shall mean (i) a failure by the Company to comply with any material provisions of
this Retainer Agreement which has not been cured within thirty (30) days after written notice of such noncompliance has been given to the Company by RFB, (ii) any purported termination of RFB which is not effected pursuant to a Notice of Termination, as
defined in Sections 5 and 10 below (and for purposes of this Retainer Agreement no such purported termination shall be effective), (iii) the assignment to RFB of any duties inconsistent in any material respect with Section 1 of this Retainer Agreement, or
any other actions by the Company that results in a material diminution of RFB's position, authority, duties or responsibilities, other than an action that is not taken in bad faith and is remedied by the Company promptly after receipt of notice thereof
from RFB, (iv) any material reduction in RFB's Retainer, or (v) any requirement that RFB relocate his law practice. RFB must notify the Company in writing within thirty (30) days of becoming aware of the occurrence of any of (i) through (v) above in order
to receive the payments described in Section 6(c) below.

(g)Change of Control. RFB terminates his engagement by the Company hereunder in the event of a Change of Control as defined below. RFB must not be the person or part of a group or an entity which effected the Change in
Control, and must notify the Company in writing of such termination within sixty (60) days after the occurrence of a Change of Control, in order to receive the payments described in Section 6(c) below. RFB will not be considered to have participated
in or effected a Change of Control if the stock (or beneficial interest) owned by the Durwood Voting Trust, the Durwood Revocable Trust, The Pamela Durwood Marital Trust or The Durwood Foundation was required to be sold, pledged, or otherwise disposed, if
such action was advised by independent counsel in response to claims of the Internal Revenue Service, or to comply with the requirements of federal or state tax laws or regulations or was required in connection with the administration of the Estate of
Stanley H. Durwood.

For purposes of this Agreement a "Change of Control" means (i) a merger, consolidation or similar transaction involving the Company after which holders of the Company's stock before such transaction do not own at least 50% of the
combined voting power of all shares generally entitled to vote in the election of the members of the Board of Directors of the surviving entity, (ii) the acquisition by any person or group (other than Apollo or the holders of Class B Stock on the Initial
Issuance Date), so long as neither Apollo nor such holders of Class B Stock is a part of such group (as such term is defined in Section 13(d) of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder), of
beneficial ownership of at least 50% of the combined voting power of all shares generally entitled to vote in the election of the members of the Board of Directors of the Company, or (iii) the sale of all or substantially all of the assets of the Company
or similar transaction (the determination of aggregate voting power to recognize that the Company's Class B Stock has ten votes per share and the Company's Common Stock has one vote per share).

"Apollo" means Apollo Management IV, L.P., Apollo Management V, L.P. and their affiliates.

"Class B Stock" means the Class B Stock, par value $0.66 2/3 per share, of the Company.

"Common Stock" means the Common Stock, par value $0.66 2/3 per share, of the Company.

"Initial Issuance Date" means April 19, 2001, the first date of issuance of the Preferred Stock (as defined in the Investment Agreement described below, which definition is incorporated herein by this reference) pursuant to the closing
of the Investment Agreement.

"Investment Agreement" means the Investment Agreement entered in as of April 19, 2001 among the Company and certain investors named therein.
(h)Retirement. The retirement of RFB.

5.Termination Procedure.

(a)Notice of Termination. Any termination of RFB by the Company or by RFB (other than termination pursuant to Section 4(a) or (b) hereof) shall be communicated by written Notice of Termination to the other party hereto in
accordance with Section 10. For purposes of this Retainer Agreement, a "Notice of Termination" shall mean a notice which shall indicate the specific termination provision in this Retainer Agreement relied upon and shall, where applicable, set forth in
reasonable detail the facts and circumstances claimed to provide a basis for termination of RFB under the provisions so indicated.

(b)Date of Termination. "Date of Termination" shall mean (i) if RFB's engagement is terminated by RFB's resignation, retirement or other voluntary departure, the date of such event, (ii) if RFB's engagement by the Company is
terminated by his death, the date of death, (iii) if RFB's engagement by the Company is terminated pursuant to Section 4(c) hereof, thirty (30) days after Notice of Termination is given (provided that RFB shall not have again become available for service
to the Company on a regular basis during such thirty (30) day period), (iv) if RFB's engagement by the Company is terminated for Cause, the date specified in the Notice of Termination, and (v) if RFB's engagement by the Company is terminated for any other
reason, the date on which a Notice of Termination is given.

6.Compensation During Disability or Upon Termination.

(a)During Disability. During any period that RFB fails to perform his duties under this Retainer Agreement as a result of incapacity due to physical or mental illness (a "disability period"), RFB shall continue to
receive his Retainer at the rate then in effect for such period until his engagement by the Company is terminated pursuant to Section 4(c) hereof, provided that payments so made to RFB during the first 180 days of any such disability period shall be
reduced by the sum of the amounts, if any, paid to RFB at or prior to the time of any such payment under disability benefit plans of the Company or under the Social Security disability insurance program, and which amounts were not previously applied to
reduce any such payment. 

(b)Termination for RFB Resignation, Cause or Retirement. If RFB's engagement by the Company is terminated pursuant to Section 4(a), (d) or (h), the Company shall pay RFB his accrued but unpaid Retainer through the Date of
Termination at the rate in effect at the time Notice of Termination is given, and the Company shall have no further obligations to RFB under this Retainer Agreement other than those provided in Section 3(b) (Deferred Compensation) which shall, as stated,
continue in full force and effect as provided therein.

(c)Termination for Death, Disability, Without Cause or by RFB for Good Reason or Change of Control. If RFB's employment by the Company is terminated pursuant to Section 4(b), (c), (e), (f) or (g), the Company shall pay to
RFB or his personal representative the compensation payments described in (i) and (ii) below; provided, that RFB also must have timely notified the Company as provided in Sections 4(f) and (g), as applicable, in order to receive such payments. All amounts
under this Section 6(c) shall be reduced by withholding for applicable taxes, if any.

(i)A lump-sum cash payment equal to the sum of RFB's Annual Retainer at the rate in effect on the Date of Termination for the remainder of the Term.

(ii)A lump-sum cash payment equal to the difference between (A) the value of all vested and unvested stock options, if any, granted by the Company to RFB which have an exercise price per share less than the closing price per
share of the AMCE's Common Stock as reported on the American Stock Exchange or other stock exchange or automated quotation system (the "Closing Price") on the Date of Termination and (B) the exercise price of such options. For purposes of determining the
option value, the Company's stock price as described above as of the Date of Termination will be used. Upon such payment by the Company to RFB, all such options will be cancelled.

7.Confidentiality. RFB acknowledges that he knows and in the future will know information relating to the Company and its affiliated companies and their respective operations that is confidential or a trade secret. Such
information includes information, whether obtained in writing, in conversation or otherwise, concerning corporate strategy, intent and plans, business operations, pricing, costs, budgets, equipment, the status, scope and term of pending acquisitions,
negotiations and transactions, the terms of existing or proposed business arrangements, contracts and obligations, and corporate and financial reports. Such confidential or trade secret information shall not, however, include information in the public
domain unless RFB has, without authority, made it public.

RFB shall (a) not disclose such information to anyone except in confidence and as is necessary to the performance of his duties for the Company, (b) keep such information confidential, (c) take appropriate precautions to maintain the
confidentiality of such information, and (d) not use such information for personal benefit or the benefit of any competitor or any other person.

Upon termination of his engagement by the Company under this Retainer Agreement, RFB shall return all materials in his possession or under his control that were prepared by or relate to the Company or its affiliates, including, but not
limited to, materials containing confidential information, files, memorandums, price lists, reports, budgets and handbooks.

RFB's obligation under this Section 7 shall survive the termination of RFB's engagement by the Company under this Retainer Agreement.

8. Equitable Remedies. The parties acknowledge that irreparable damage will result to the Company from any violation of Section 7 above by RFB. The parties expressly agree that, in addition to any and all remedies available to
the Company for any such violation, the Company shall have the remedy of restraining order and injunction and any such equitable relief as may be declared or issued to enforce the provisions of Section 7 above and RFB agrees not to claim in any such
equitable proceeding that a remedy at law is available to the Company. Notwithstanding anything contained herein to the contrary and if, and only if, any provision of the type contained in Section 7 above, as the case may be, is enforceable in the
jurisdiction in question, if any one or more of the provisions contained in such Section shall for any reason be held to be excessively broad as to duration, geographical scope, activity or subject, such provision shall be construed by limiting and
reducing it so as to be enforceable to the extent compatible with the applicable law in such jurisdiction as it shall then appear.

9. Successors: Binding Agreement.

(a)Company Successors. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all the business of the Company, by agreement in form
and substance satisfactory to RFB, to expressly assume and agree to perform this Retainer Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place.

(b)RFB's Successors. This Retainer Agreement and all rights hereunder shall be binding upon, inure to the benefit of and be enforceable by RFB's personal or legal representatives, heirs, successors and permitted assigns.

10. Notices. All notices, requests, demand or other communications under this Retainer Agreement shall be in writing addressed as follows:

 

(a)If to the Company, to:

Peter C. Brown

AMC Entertainment Inc.

106 West 14th Street

P.O. Box 219614

Kansas City, Missouri 64141-9615

(b)If to RFB, to:

Raymond F. Beagle, Jr.

Lathrop & Gage L.C.

2345 Grand Boulevard

Kansas City, Missouri 64108

Any such notice, request, demand or other communication shall be effective as of the date of actual delivery thereof. Either party may change such notice address by written notice as provided herein.

11. Compensation. The compensation to be paid to RFB under this Retainer Agreement shall be in full payment for all services rendered by RFB in any capacity to the Company or any affiliate of the Company.

12. Additional Potential Compensation. Nothing in this Retainer Agreement shall prohibit the Company from awarding additional compensation to RFB if it is determined that such compensation is warranted based on RFB's performance.

13. Other Provisions. This Retainer Agreement shall be governed by the laws of the State of Missouri. This Retainer Agreement represents the entire agreement of the parties hereto and shall not be amended except by a written
agreement signed by all the parties hereto. This Retainer Agreement supersedes any prior oral or written agreements or understandings between the Company or any affiliate of the Company and RFB. This Retainer Agreement shall not be assignable by one party
without the prior written consent of the other party, except by the Company if it complies with Section 9 above. In the event one or more of the provisions contained in this Retainer Agreement or any application thereof shall be invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the remaining provisions of this Retainer Agreement or any other application thereof shall not in any way be affected or impaired thereby. Section headings herein have no legal
significance.

14. Arbitration. Any legal dispute related to this Retainer Agreement, and/or any claim related to this Retainer Agreement, or breach thereof, shall, in lieu of being submitted to a court of law, be submitted to arbitration, in
accordance with the applicable dispute resolution procedures of the American Arbitration Association. The award of the arbitrators shall be final and binding upon the parties.

The parties hereto agree that (i) three arbitrators shall be selected pursuant to the rules and procedures of the American Arbitration Association, (ii) at least one arbitrator shall be a licensed attorney, (iii) the arbitrators shall
have the power to award injunctive relief or to direct specific performance, (iv) each of the parties, unless otherwise provided by applicable law and procedures, shall bear its own attorneys' fees, costs and expenses and an equal share of the
arbitrators' and administrative fees of arbitration, and (v) the arbitrators shall award to the prevailing party a sum equal to that party's share of the arbitrators' and administrative fees of arbitration.

Nothing in this Section shall be construed as providing RFB a cause of action, remedy or procedure that RFB would not otherwise have under this Retainer Agreement or the law. RFB understands that in signing this Retainer Agreement he
is waiving any right that he may have to a jury trial or a court trial of any legal dispute as set forth above.

THIS RETAINER AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES.

IN WITNESS WHEREOF, the parties have executed this Retainer Agreement as of the day and year first above written.

 

AMC ENTERTAINMENT INC., 

a Delaware corporation

 

By: /s/ Peter C. Brown

Peter C. Brown, Chairman of the Board, 

President and Chief Executive Officer
 

/s/ Raymond F. Beagle, Jr.

RAYMOND F. BEAGLE, JR.

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