Document:

Exhibit

10.73

 

DEFERRED COMPENSATION

TERMINATION AGREEMENT

 

                This Deferred Compensation

Termination Agreement, dated as of June 30, 2002, is by and between Vari-Lite

International, Inc. (the “Company”) and John D. Maxson (the “Director”).

 

W I T N E S S E T H:

                WHEREAS, the Company (formerly

known as Vari-Lite Holdings, Inc.) and the Director entered into a Deferred

Compensation Agreement, dated July 1, 1995, as amended by Amendment No. 1 to

the Deferred Compensation Agreement, dated November 2, 1998 and Amendment No. 2

to the Deferred Compensation Agreement, dated December 28, 2001 (as amended,

the “Deferred Compensation Agreement”); and

 

                WHEREAS,

the Company has suffered a decline in its financial performance and management

and the Board of Directors of the Company have reviewed and made

recommendations for reducing expenses of the Company in order to improve the

Company’s financial performance; and

 

                WHEREAS,

the Compensation Committee of the Board of Directors of the Company (the

“Compensation Committee”) has determined that it is in the best financial

interest of the Company to terminate the Deferred Compensation Agreement

effective June 30, 2002; and

 

                WHEREAS,

the Director is a significant stockholder of the Company and agrees that it is

in the best financial interest of the Company to consent to the termination of

the Deferred Compensation Agreement as proposed by the Compensation Committee;

 

                NOW, THEREFORE, in consideration

of the foregoing and other good and valuable consideration, the receipt and sufficiency

of which are hereby acknowledged, the parties hereto hereby agree that the

Deferred Compensation Agreement is cancelled and terminated and shall be of no

further force or effect.

 

                IN

WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date

first above written.

 

 

	

   

  	

  VARI-LITE INTERNATIONAL,

  INC.

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

   

  	

  T. Clay Powers, President

  
	

   

  	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  John D. MaxsonExhibit

10.74

 

DEFERRED COMPENSATION

TERMINATION AGREEMENT

 

                This Deferred Compensation

Termination Agreement, dated as of June 30, 2002, is by and between Vari-Lite

International, Inc. (the “Company”) and James H. Clark, Jr. (the “Director”).

 

W I T N E S S E T H:

                WHEREAS, the Company (formerly

known as Vari-Lite Holdings, Inc.) and the Director entered into a Deferred

Compensation Agreement, dated July 1, 1995, as amended by Amendment No. 1 to

the Deferred Compensation Agreement, dated November 2, 1998 and Amendment No. 2

to the Deferred Compensation Agreement, dated December 28, 2001 (as amended,

the “Deferred Compensation Agreement”); and

 

                WHEREAS,

the Company has suffered a decline in its financial performance and management

and the Board of Directors of the Company have reviewed and made

recommendations for reducing expenses of the Company in order to improve the

Company’s financial performance; and

 

                WHEREAS,

the Compensation Committee of the Board of Directors of the Company (the

“Compensation Committee”) has determined that it is in the best financial

interest of the Company to terminate the Deferred Compensation Agreement

effective June 30, 2002; and

 

                WHEREAS,

the Director is a significant stockholder of the Company and agrees that it is

in the best financial interest of the Company to consent to the termination of

the Deferred Compensation Agreement as proposed by the Compensation Committee;

 

                NOW, THEREFORE, in consideration

of the foregoing and other good and valuable consideration, the receipt and

sufficiency of which are hereby acknowledged, the parties hereto hereby agree

that the Deferred Compensation Agreement is cancelled and terminated and shall

be of no further force or effect.

 

                IN

WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date

first above written.

 

 

	

   

  	

  VARI-LITE INTERNATIONAL,

  INC.

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

   

  	

  T. Clay Powers, President

  
	

   

  	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  James H. Clark, Jr.Exhibit

10.75

 

DEFERRED COMPENSATION

TERMINATION AGREEMENT

 

                This Deferred Compensation

Termination Agreement, dated as of June 30, 2002, is by and between Vari-Lite

International, Inc. (the “Company”) and J. Anthony Smith (the “Director”).

 

W I T N E S S E T H:

                WHEREAS, the Company (formerly

known as Vari-Lite Holdings, Inc.) and the Director entered into a Deferred

Compensation Agreement, dated July 1, 1995, as amended by Amendment No. 1 to

the Deferred Compensation Agreement, dated November 2, 1998 and Amendment No. 2

to the Deferred Compensation Agreement, dated December 28, 2001 (as amended,

the “Deferred Compensation Agreement”); and

 

                WHEREAS,

the Company has suffered a decline in its financial performance and management

and the Board of Directors of the Company have reviewed and made

recommendations for reducing expenses of the Company in order to improve the

Company’s financial performance; and

 

                WHEREAS,

the Compensation Committee of the Board of Directors of the Company (the

“Compensation Committee”) has determined that it is in the best financial

interest of the Company to terminate the Deferred Compensation Agreement

effective June 30, 2002; and

 

                WHEREAS,

the Director is a significant stockholder of the Company and agrees that it is

in the best financial interest of the Company to consent to the termination of

the Deferred Compensation Agreement as proposed by the Compensation Committee;

 

                NOW, THEREFORE, in consideration

of the foregoing and other good and valuable consideration, the receipt and

sufficiency of which are hereby acknowledged, the parties hereto hereby agree

that the Deferred Compensation Agreement is cancelled and terminated and shall

be of no further force or effect.

 

                IN

WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date

first above written.

 

 

	

   

  	

  VARI-LITE INTERNATIONAL,

  INC.

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

   

  	

  T. Clay Powers, President

  
	

   

  	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  J. Anthony SmithExhibit 10.76

 

AMENDMENT NO. 2

TO CONSULTING AGREEMENT BETWEEN

VARI-LITE INTERNATIONAL, INC. AND JOHN D.

MAXSON

 

This Amendment No. 2 to Consulting Agreement,

dated as of June 30, 2002, is by and between Vari-Lite International, Inc. (the

“Company”) and John D. Maxson (the “Consultant”).

 

W I T N E S S E T H:

 

WHEREAS, the Company (formerly known as

Vari-Lite Holdings, Inc.) and the Consultant entered into that certain

Consulting Agreement, dated as of July 1, 1995, as amended by that certain

Amendment No. 1 to the Consulting Agreement, dated August 11, 1997 (as amended,

the “Consulting Agreement”); and

 

WHEREAS, the Company has suffered a decline

in its financial performance and management and the Board of Directors of the

Company have made recommendations for reducing expenses of the Company in order

to improve the Company’s financial performance; and

 

WHEREAS, the Compensation Committee of the

Board of Directors of the Company (the “Compensation Committee”) has determined

that it is in the best financial interest of the Company to amend the

Consulting Agreement; and

 

WHEREAS, the Consultant is a significant

stockholder of the Company and agrees that it is in the best financial interest

of the Company to amend the Consulting Agreement as proposed by the Compensation

Committee;

 

NOW, THEREFORE, in consideration of the

foregoing and other good and valuable consideration, the receipt and

sufficiency of which are hereby acknowledged, the parties hereto hereby agree,

effective as of the date hereof:

 

1.             Sections 3(a) and (b) of the Consulting Agreement are

hereby deleted in their entirety.

 

2.             Except as amended hereby, the Consulting Agreement shall

remain in full force and effect in accordance with its terms.

 

[The next following page is the signature page.]

 

 

IN WITNESS WHEREOF, the parties hereto have

executed this Agreement as of the date first above written.

 

 

	

   

  	

  VARI-LITE

  INTERNATIONAL, INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

   

  	

  T. Clay

  Powers, President

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  John D.

  Maxson

  

 

2Exhibit 10.77

 

TERMINATION OF CONSULTING AGREEMENT

 

This Termination of Consulting Agreement,

dated as of June 30, 2002, is by and between Vari-Lite International, Inc. (the

“Company”) and James H. Clark, Jr. (the “Consultant”).

 

W I T N E S S E T H:

 

WHEREAS, the Company (formerly known as

Vari-Lite Holdings, Inc.) and the Consultant entered into that certain

Consulting Agreement, dated as of July 1, 1995 (the “Consulting Agreement”);

and

 

WHEREAS, the Company has suffered a decline

in its financial performance and management and the Board of Directors of the

Company have made recommendations for reducing expenses of the Company in order

to improve the Company’s financial performance; and

 

WHEREAS, the Compensation Committee of the

Board of Directors of the Company (the “Compensation Committee”) has determined

that it is in the best financial interest of the Company to terminate the

Consulting Agreement effective as of June 30, 2002; and

 

WHEREAS, the Consultant is a significant

stockholder of the Company and agrees that it is in the best financial interest

of the Company to terminate the Consulting Agreement as proposed by the

Compensation Committee;

 

NOW, THEREFORE, in consideration of the

foregoing and other good and valuable consideration, the receipt and

sufficiency of which are hereby acknowledged, the parties hereto hereby agree,

effective as of the date hereof, that the Consulting Agreement is cancelled and

terminated and shall be of no further force or effect.

 

IN WITNESS WHEREOF, the parties hereto have

executed this Agreement as of the date first above written.

 

 

	

   

  	

  VARI-LITE

  INTERNATIONAL, INC.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

   

  	

  T. Clay

  Powers, President

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  James H.

  Clark, Jr.

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