Document:

Employment Agreement between Tony Stone Images and Lewis Blackwell

 TONY STONE IMAGES 
  
  
 DATED 3 DECEMBER 1998 
  
 (1) LEWIS BLACKWELL 
  
 - and - 
  
 (2) TONY STONE IMAGES 
  

  
 SERVICE AGREEMENT 
  

  
  
  
  
  
 TONY STONE IMAGES IS PART OF GETTY IMAGES 
 TONY STONE IMAGES LIMITED 101 BAYHAM STREET LONDON NW1 0AG MAIN SWITCHBOARD (44) 171 267 8988 
 DIRECT LINE TO
SALES (44) 171 544 5533 DIRECT FAX TO SALES (44) 171 544 3334 WEB SITE: http://www.getty.images.com 
 REGISTERED No.348735 REGISTERED OFFICE
GETTY IMAGES LIMITED 101 BAYHAM STREET LONDON NW1 0AG 

 THIS AGREEMENT is made the third day of December 1998 
  
 BETWEEN: 
  
 (1) LEWIS BLACKWELL of 17a Pond Street, London, NW3 2PN (“the Executive”)
and 
  
 (2) TONY STONE IMAGES whose registered office is at 101 Bayham
Street, London, NW1 0AG (“the Company”). 
  
 WHEREBY it is agreed
as follows:- 
  
 1. Definitions & Interpretation 
  
 1.1 In this Agreement the following expressions shall unless the context otherwise requires
bear the following meanings:- 
  

			
	“the Act”	 	the Employment Rights Act (1996)
		
	“Associated Company”	 	 any company which for the time being is:
 (a) a holding
company (as defined in Section 736 of the Companies Act 1985) of the Company; and/or
 (b) a subsidiary (as defined in Section 736 of the Companies Act 1985)
of any such holding company (other than the company) or of the Company; and/or
 (c) any other company on behalf of which the Executive carries out duties at
the request of the Company

		
	“Group Operating Profit”	 	operating profit before interest currency losses or gains and tax
		
	“Intellectual Property”	 	rights in or to patents industrial designs copyright trade secrets know-how and trademarks and any other intangible property created through the application of intellect to technical or
commercial matters and capable of proprietary distinction and definition
		
	“Managing Director Tony Stone Images” (MD TSI)	 	Don Smith or whosoever is appointed in his place by the Company
		
	“The Stock Exchange”	 	The International Stock Exchange of the United Kingdom and the Republic of Ireland Limited

 1.2 Any reference in this Agreement to any statute or statutory provision shall be construed as including a reference to
that statute or statutory provision as from time to time amended modified extended or re-enacted whether before or after the date of this Agreement and to all statutory instruments orders and regulations for the time being made pursuant to it or
deriving validity from it. 
  
 1.3 Unless the context otherwise requires words
denoting the singular shall include the plural and vice versa and words denoting any one gender shall include all genders and words denoting persons shall include bodies corporate unincorporated associations partnerships and individuals. 

 
 1.4 Unless otherwise stated references to clauses, sub-clauses, paragraphs and
sub-paragraphs relate to this Agreement. 
  
 1.5 Clause headings do not affect the
interpretation of this Agreement. 
  
 2. Appointment 
  
 2.1 The Company shall employ the Executive and the Executive shall serve the Company as TSI
International Creative Director commencing on a date to be agreed and shall continue thereafter until this Agreement is terminated in accordance with Clause 11 hereof or by the Executive giving to the Company not less than three calendar
months’ notice or by the Company giving to the Executive not less than six calendar months’ notice. 
  
 3. Duties of Employment 
  
 3.1 The
Executive shall unless prevented by ill health or other incapacity devote the whole of his time and attention to the performance of his duties hereunder and shall faithfully and diligently exercise such powers and perform such duties in relation to
the Company or any Associates Company as may from time to time be vested in or assigned to him by the MD TSI at such place or places within the United Kingdom as the MD TSI shall determine and shall obey and comply with all proper orders and
directions from time to time given or made by the MD TSI. The Executive’s normal place of work shall be 101 Bayham Street, London, NW1 0AG or such other place as the Company shall reasonably require. The Executive may be required to travel on
business from time to time subject to Clause 6.1. 
  
 3.2 If the Company requires
the Executive to work at a place which would reasonably oblige the Executive to move permanently from his then normal place of residence, the Company shall reimburse the Executive (on production of the necessary receipts or vouchers) for all removal
and relocation expenses directly and reasonably incurred as a result of the Company’s requirements in accordance with the Company’s then current policy for relocation of executives. 
  
 3.3 The Executive’s hours of work are the normal hours of the Company being 9.15am to
5.15pm Monday to Friday each week together with such additional hours as may be necessary properly to fulfil his duties. 
  
 4. Salary 
  
 4.1 The Company shall pay to the Executive a salary at the rate of £125,000 (one hundred and twenty five thousand pounds) per annum such salary to be reviewed six months after the Executive’s start date,
then in April 2000 and annually thereafter, and to accrue from day to day and to be payable by monthly instalments in arrears on or before the last working day of each calendar month. 

 4.2 The Company shall if it deems it necessary to do so be entitled to suspend the Executive but shall during such
suspension continue to pay the Executive in accordance with the provisions of this Clause. 
  
 5. Bonus Scheme and Share Options 
  
 5.1
The Executive shall be entitled to participate in a bonus scheme, the details of which are to be agreed between the Executive and the MD TSI. Such bonus to be a maximum of up to 40% of the Executive’s gross annual salary, 50% of which to be
based on the achievement of agreed personal performance targets, and 50% of which to be based on TSI revenue and profit targets, unless otherwise agreed in writing by both parties. Any bonus payable under this scheme will be effected in the month
immediately following the Getty Images, Inc. annual accounts being finalised. The bonus scheme will be reviewed annually. 
  
 5.2 The Executive shall be eligible to receive 17,000 Getty Images Share Options upon joining the Company, and thereafter, at the discretion of the MD TSI. Share options
are granted under the rules of the Getty Images Stock Incentive Plan. A copy “Non-Qualified Stock Option Agreement” is attached for the purposes of illustrating the key terms of the plan. 
  
 6. Expenses 
  
 6.1 The Company shall reimburse to the Executive, subject to the Executive producing proper receipts or vouchers, all travelling hotel
entertainment and out of pocket expenses which may reasonably and properly be incurred in the performance of the Executive’s duties pursuant to this Agreement. 
  
 6.2 The Company shall provide a fully expensed car purchased from new to a maximum value of £25,000 which the Executive may use for
business and personal purposes. Should the Executive choose to receive cash in lieu of a car, the annual increase to salary will be £7,500. 
  
 7. Pension and Additional Benefits 
  
 7.1 The Company shall make a contribution equivalent to 7% of the Executive’s annual gross salary to a private pension scheme or to the company pension scheme
effective from the Executive’s commencement date, as the Executive so chooses. If the Executive chooses to join the company pension scheme, the Executive will contribute 2% of the Executive’s annual gross salary and be able to make
additional voluntary contributions through the Salary Sacrifice Scheme. A summary of the benefits of the company pension scheme, including Life Insurance Benefits and Long Term Incapacity Benefits, can be found in the enclosed booklet “Your
Pension and Employee Benefit Plan.” 
  
 8. Holidays 
  
 8.1 The Executive shall be entitled in addition to UK public holidays to 25 working days
holiday in every calendar year taken at such time or times as may be agreed between the Executive and the MD TSI. 

 8.2 For the holiday year commencing January 1998 the Executive will be entitled to such proportion of his annual holiday
entitlement as is equal to the proportion of that holiday year during which the Executive is employed by the Company. 
  
 8.3 The Executive may with the prior written consent of the company carry forward any unused part of his holiday entitlement to a subsequent holiday year. Holidays not
taken in any calendar year and not carried forward will be lost. 
  
 8.4 The
Executive’s entitlement to holiday shall accrue pro rata through each year of the appointment under this Agreement. 
  
 8.5 In the event of termination of his employment for whatever reason, the Executive shall be entitled to pay in lieu of outstanding holiday entitlement. The Executive
will be required to repay the Company any holiday taken in excess of his actual pro rata entitlement. 
  
 9. Sickness 
  
 9.1 If you are absent
through sickness or injury, you must comply with the company’s requirements for reporting your absence, as explained in Annex 3 IF YOU ARE SICK accompanying this statement and contained in the staff handbook. You should familiarise yourself
with these requirements. 
  
 9.2 During absence for illness (which includes injury
or other disability) you will be entitled to receive a sick pay allowance in accordance with, and subject to, the provisions set out in Annex 3 IF YOU ARE SICK from the information in the staff handbook under the heading PAYMENT DURING SICKNESS
ABSENCE. 
  
 10. Paternity Leave 
  
 Paternity Leave is provided by the Company. 
  
 11. Termination 
  
 The Company may terminate summarily the employment of the Executive under this Agreement without payment in lieu of notice:- 
  
 11.1 If the Executive shall have committed any serious breach or repeated or continued (after
warning) any material breach of any of the terms of this Agreement; 
  
 11.2 If
the Executive shall (whether or not in the course of his employment) have been guilty of gross misconduct or conduct likely to bring the business of the Company or any Associated Company into disrepute or of conduct calculated or likely to prejudice
the interests of the Company or any Associated Company; 
  
 11.3 If the Executive
shall have committed any act of bankruptcy or made any composition or entered into any Agreement with his creditors generally; 
  
 11.4 If the Executive shall have been convicted of any criminal offence punishable by a term of imprisonment. 
  
 11.5 The Company shall have the right lawfully to terminate this Agreement with immediate
effect by giving notice of such termination and by paying to the Executive, in lieu of salary and other benefits pursuant to this Agreement, an amount equal to the basic salary 

 which the Executive would have earned from then until the first date upon which his employment could, apart from this
Clause 11.5, have been lawfully terminated together with a further sum equivalent to the value of benefits to which the Executive would have been entitled during such period, to the extent that the Executive does not in fact receive those benefits
for the whole or part of such period. Any such payment to the Executive will be subject to tax and other statutory deductions required from time to time. 
  
 11.6 If this Agreement is terminated by notice given by either party to the other, whether pursuant to Clause 2.1 or otherwise, or if the Executive wishes to resign with
immediate effect but the Company refuses to accept such resignation and requires the due period of notice to be given by the Executive, then: 
  
 11.6.1 the Company shall be under no obligation to vest in or assign to the Executive any powers or duties or to provide work for the Executive [but the
Company may at its discretion provide suitable work for the Executive to be undertaken at the Executive’s home and the Company may require the Executive to carry out special duties or projects]; and 
  
 11.6.2 the Company may at any time or from time to time during such notice
period deny the Executive access to any premises of the Company; and 
  
 11.6.3 salary and all benefits will not cease to be payable or available to the Executive by reason only of that exclusion of the Executive from any premises of the Company until the expiry of such notice period. 
  
 11.7 On the termination of this Agreement for whatever reason the Executive shall:

  
 11.7.1 comply with the provision of Clause 13.1 

 
 11.7.2 immediately deliver to the company or to its order all books,
documents, papers (including copies) plan, prototypes, computer software materials, keys and other property of or relating to the business of the Company or its Associates Companies then in his possession or which are or were last under his power or
control. 
  
 11.8 The Executive shall not at any time after termination of this
Agreement wrongfully represent himself as being employed by or connected in any way with the Company or any Associated Company. 
  
 12. Restrictions on Activities during Employment 
  
 The Executive shall not during the continuance of his employment hereunder without the written consent of the Company be engaged or interested either directly or
indirectly in any capacity in any other trade business or occupation whatsoever, provided that this provision shall not prohibit the Executive being interested as a bona fide investor in any securities of any company listed or dealt in on The Stock
Exchange, the Unlisted Securities Market of The Stock Exchange or any other recognised securities market provided that such interest (together with that of his family being his spouse and children under the age of 18) shall not exceed 5% of those
securities. 
  
 The Company has agreed that this does not preclude the Executive
from his work as an author, lecturer and creative expert, which shall be limited to 15 working days in any twelve calendar month period, unless otherwise agreed by both parties in writing. 

 13. Confidentiality 
  
 13.1 The Executive shall not during the continuance of his employment hereunder or at any time thereafter use other than for the benefit of the Company or any Associated
Company nominated by the Company or as required by law disclose or make accessible to any other person firm or company any of the confidential information trade secrets formulae or methods of doing business of the Company or any Associated Company
or its or their customers and other business associates. This restriction shall cease to apply to information or knowledge which may legitimately come into the public domain. 
  
 14. Intellectual Property 
  
 14.1 If the Executive shall while employed by the Company discover or create any Intellectual Property whether alone or jointly with others which is connected with or
which in any way affects or relates to the business of the Company or of any Associated Company or is capable of being used or adapted for use therein or in connection therewith she shall forthwith disclose it to the Company and subject to the
rights of the Executive under the Copyright, Designs and Patents Act 1988 such Intellectual Property shall belong to an be the absolute property of the Company or such Associated Company as the Company may nominate. 
  
 14.2 The Executive shall be entitled to a non-exclusive right to use, at all times, such
Intellectual Property belonging to the Company pursuant to Clause 14.1 
  
 14.3
The Executive if and whenever required so to do (whether during or after the termination of this Agreement) shall at the expense of the Company (or its nominee) apply or join in applying or assist the Company to apply for letters patent design
registration or other similar protection in the United Kingdom or any other part of the world for any such Intellectual Property and execute instruments and do all things necessary for vesting the said letters patent or other similar protection when
obtained and all right title and interest to and in the same in the Company (or its nominee) absolutely and as sole beneficial owner or in such other person as may the Company shall require. 
  
 14.4 The Executive hereby agrees that neither during the currency of this Agreement nor
subsequently will he do any act or thing which may prejudice the application for the grant or the validity of any patent design right or other monopoly right in any Intellectual Property which is the property of the Company or any Associated
Company. 
  
 15. Consequences of Termination 
  
 UPON the termination of this Agreement howsoever arising:- 
  
 15.1 such of the provisions of this Agreement as are expressed to have effect after
termination shall do so but without prejudice to any rights or remedies of the parties whether accrued or arising on termination; and 
  
 15.2 the provisions of Clause 13 and 14 of this Agreement relating to Confidentiality and Intellectual Property shall bind the Executive’s personal representatives.

  
 16. Restrictions on Termination 
  
 The Executive covenants with the Company that he will not for the period of twelve months
after ceasing to be employed under this Agreement without the prior written consent of the 

 Company in connection with the carrying on of any business in competition with the business of stock photography of the
Company on his own behalf or on behalf of any person firm or company directly; 
  
 16.1 seek to procure orders from or do business with any person firm or company who has at any time during the twelve months immediately preceding such cesser done business with the Company. 
  
 Provided that nothing in this Clause shall prohibit the seeking or procuring of orders or the
doing of business not relating or similar to the business of the Company described above. 
  
 17. Reconstruction or Amalgamation 
  
 If
before the expiration of this Agreement the employment of the Executive under this Agreement is terminated by reason of the liquidation of the Company for the purpose of reconstruction or amalgamation and the Executive shall be offered employment
with any concern or undertaking resulting from such reconstruction or amalgamation for a period not less than the unexpired term of this Agreement and on terms and conditions not less favourable than the terms of this Agreement then the Executive
shall have no claim against the Company in respect of the termination of his employment hereunder by reason of such liquidation. 
  
 18. Notices 
  
 Any notice to be given hereunder shall be in writing and shall be sufficiently served if sent or delivered in the case of the Company to its registered office for the time being and in the case of the Executive to her
in person or to her usual or last known place of residence and may be sent by prepaid post or delivered by hand and proof of dispatch by one of these methods shall be deemed to be proof of receipt in the case of notices sent by first class prepaid
post within the United Kingdom forty-eight hours after the time of posting and otherwise in the normal course of delivery. 
  
 No form of notice by electronic means, cable or telex will be acceptable. 
  
 19. Disciplinary and Grievance Procedures 
  
 19.1 The Executive is subject to the Company’s disciplinary rules and disciplinary procedures. These rules and procedures are non-contractual and may be varied by
the Company from time to time. 
  
 19.2 If the Executive has any grievance
relating to his employment (other than one relating to a disciplinary decision) he should refer such grievance to the directors of the Company for resolution. 
  

20. Previous Agreements 
  
 This Agreement supersedes all or any previous contract of service between the company or any subsidiary or Holding Company and the Executive and any such contracts shall
be deemed to have been terminated by mutual consent as from the date on which his employment hereunder shall commence. 

 21. Statutory Statement 
  

The information contained herein and in the schedule constitutes a written statement of the terms of employment of the Executive in compliance with the provisions of
the Act. 
  
 22. Law 
  
 This Agreement is governed by and shall be construed in accordance with the laws of England.

  
 IN WITNESS whereof the Company and the Executive have executed and
delivered this Agreement as a deed on the date first stated above. 

 The Schedule 
  
 In accordance with the Employment Rights Act 1996 the following terms of the Executive’s employment apply on the date of the Agreement
to which this is a schedule. 
  

	1.	Commencement of Employment 

  
 To be agreed. 
  

	2.	Job Title and Specification 

  
 The Executive’s job title is TSI International Creative Director. 
  
 The Executive’s job specification will follow. 
  

	3.	Principal Place of Work 

  
 The Executive’s principal place of work is 101 Bayham Street, London, NW1 0AG. 
  

	4.	Disciplinary Procedure 

  
 The Executive has been notified where a copy is available for inspection of the Company’s Disciplinary Procedure which may be updated from time to
time by the Company. 
  

	5.	Grievance and Appeals Procedure 

  
 The Executive has been notified where a copy is available for inspection of the Company’s Grievance Procedure which may be updated from time to time
by the Company. 
  

	6.	Holiday 

  
 The Executive is entitled to 25 working days weeks holidays with pay - see Clause 8 of the Agreement. The Executive’s entitlement to holiday will
accrue pro rata through each calendar year or part thereof of employment. 
  
 On the cessation of employment for whatsoever reason an adjustment shall be made to the final payment of salary to the Executive by way of additional payment of salary in respect of holidays accrued if appropriate.

  

	7.	Remuneration 

  
 See Clause 4. 
  

	8.	Hours of Work 

  
 The hours of work will be from 9.15am to 5.15pm, Monday to Friday, and any such hours as may be necessary or required from time to time. 
  

	9.	Sickness or Injury 

  
 See Clause 9. 

 10.   Notices 
  
 See Clause 18. 
  

					
	 EXECUTED AND DELIVERED as a
	  	)	  	 
	 deed by TONY STONE IMAGES
	  	)	  	 
	 acting by
	  	)	  	 
	 	  	)	  	 
	 Don Smith
	  	)	  	/S/    DON SMITH
	 (a director)
	  	)	  	 
	 	  	)	  	 
	 and
	  	)	  	 
	 Warwick Woodhouse
	  	)	  	/S/    WARWICK WOODHOUSE
	 (a director / secretary)
	  	)	  	 
			
	 SIGNED AND DELIVERED as a deed
	  	)	  	 
	 by the said LEWIS BLACKWELL
	  	)	  	/S/    LEWIS BLACKWELL
	 in the presence of JAN BURNEY
	  	)	  	/S/    JANET H. BURNEYEmployment Agreement between Getty Images, Inc. and Nick Evans-Lombe

 Exhibit 10.32 
  
 EMPLOYMENT AGREEMENT 
  
 THIS AGREEMENT, dated as of this 6th day of February 2002, by and between GETTY IMAGES, INC., a Washington corporation (the “Company”), Nick Evans-Lombe, an individual (the “Employee”). 
  
 W I T N E S S E
T H: 
  
 WHEREAS, both parties desire
that the terms and conditions of the Employee’s employment with the Company be governed by the terms and conditions hereinafter set forth. 
  
 NOW, THEREFORE, in consideration of the promises and the mutual covenants herein contained, the parties hereto hereby agree as follows: 

 
 1. Employment and Duties. 
  
 (a) General. The Company hereby employs the Employee, effective as of
the date hereof (the “Effective Date”), and the Employee agrees upon the terms and conditions herein set forth to serve, effective as of the Effective Date, as Senior Vice President, Editorial and Motion Brands and shall perform all
duties customarily appurtenant to such position. In such capacity, the Employee shall report directly to Jonathan Klein, Chief Executive Officer of the Company, or to such other person designated by the Board of Directors of the Company. The
Employee’s principal place of business shall be Seattle, Washington. 
  
 (b) Services and Duties. For so long as the Employee is employed by the Company, the Employee shall devote his full business time to the performance of his duties hereunder; shall faithfully serve the Company;
shall in all respects conform to and comply with the lawful and good faith directions and instructions given to him by Jonathan Klein, or such other person designated by the Board of Directors of the Company; and shall use his best efforts to
promote and serve the interests of the Company. 
  
 (c) No
Other Employment. For so long as the Employee is employed by the Company, he shall not, directly or indirectly, render services to any other person or organization for which he receives compensation without the prior approval of Jonathan Klein,
or such other person designated by the Board of Directors of the Company. No such approval will be required if the Employee seeks to perform inconsequential services without direct compensation therefore in connection with the management of personal
investments or in connection with the performance of charitable and civic activities, provided that such activities do not contravene the provisions of Section 6 hereof. 

 2. Term of Employment. The term of the Employee’s employment under this Agreement (the
“Term”) shall commence on the Effective Date and continue until it is terminated by either party giving the other at least one month written notice; provided, however, that in no event may a non-renewal notice be given
prior to May 1, 2004; and provided further, however, that, in any event, the Term shall not extend beyond the last day of the month in which the Employee attains age 65. 
  
 3. Compensation and Other Benefits. Subject to the provisions of this Agreement, the Company shall pay and
provide the following compensation and other benefits to the Employee during the Term as compensation for all services rendered hereunder and the covenants contained in Section 6 hereof: 
  
 (a) Salary. The Company shall pay to the Employee an annual salary (the “Salary”) at the initial
rate of $235,000, payable to the Employee in accordance with the normal payroll practices of the Company for its employees as are in effect from time to time. The amount of the Employee’s Salary shall be reviewed annually by the Company on or
about April 1st of each year during the Term beginning in the 2002 calendar year. 
  
 (b) Annual Bonus. The Employee shall be eligible in 2002 and each calendar year thereafter that begins during his employment to participate in an annual incentive bonus program established by the Company, in
accordance with the policies of the Company, its subsidiaries and affiliates (hereinafter, collectively the “Group”) and subject to such terms and conditions as may be approved annually by the Company. Under the terms of the annual
incentive bonus program, the Employee will be afforded the opportunity to earn up to 40% of his Salary (the “Bonus”) in effect for the applicable calendar year, subject to the achievement of the performance targets established by
the Company for that year, to be paid on a pro-rata basis in the event that the Employee is employed for less than a full calendar year. 
  
 (c) Stock Options. Effective as of the Effective Date, the Company shall grant the Employee an option (the “Option”) to purchase
25,000 shares of the common stock of the Company pursuant to the terms the Company’s 1998 Stock Option Plan (the “Option Plan”). The per share exercise price of the Option shall equal the fair market value of a share of Common Stock
on the approval date from the Board of Directors, as determined in accordance with the terms of the Option Plan. The Option shall vest and become exercisable as to 25% on the first anniversary of the Grant Date; the remainder of the Option shall
vest ratably on the first day of each month over the following three years. Except as otherwise specified herein, the Option shall be subject to the terms of the Option Plan and to such other terms and conditions as may be specified by the
Compensation Committee of the Company in the form of a standard option agreement between the Company and the Employee. 
  
 As per the terms of the Company’s Option Plan, in the event of a Change in Control and except as the Committee (as constituted immediately prior to such Change in

  
  

 2 

 Control) may otherwise determine in its sole discretion, (i) all Stock Options or Stock Appreciation Rights then
outstanding shall become fully exercisable as of the date of the Change in Control, whether or not then exercisable, (ii) all restrictions and conditions of all Stock Awards then outstanding shall lapse as of the date of the Change in Control, (iii)
all Performance Share Awards shall be deemed to have been fully earned as of the date of the Change in Control. 
  
 (d) Expenses. The Company shall pay or reimburse the Employee for all reasonable out-of-pocket expenses incurred by the Employee in connection with
his employment hereunder in accordance with Group Policies. Such expenses shall be paid upon the periodic submission of invoices and shall be paid reasonably promptly after the date of such invoice. The reimbursement of expenses under this Section
3(d) shall be subject to the Employee’s providing the Company with such documentation of the expenses as the Company may from time to time reasonably request in accordance with the policies of the Group. 
  
 (d) 401k plan, Health and Fringe Benefits. During the Term, the
Employee shall be eligible to participate in the Company’s 401k plan, medical, disability and life insurance plans applicable to executives of the Company in accordance with the terms of such plans as in effect from time to time. The Employee
shall also be provided with free parking at the place of employment. 
  
 (e) Long-Term Incentive Program. During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner
consistent with his position with the Company. 
  
 (f)
Holidays. In addition to the usual public and bank holidays, the Employee shall be entitled to twenty days’ paid vacation annually, which shall be taken at such times as are approved by the Company. The Employee shall be permitted to
carry forward any portion of his vacation time for up to one year and, upon the expiration of such one-year period, the Employee shall be paid in lieu of such vacation days. 
  
 4. Termination of Employment. Subject to the notice and other provisions of this Section 4, the Company shall
have the right to terminate the Employee’s employment hereunder, and he shall have the right to resign, at any time for any reason or for no stated reason. 
  
 (a) Termination for Cause; Resignation Without Good Reason. (i) If, prior to June 1, 2004, the Employee’s
employment is terminated by the Company for Cause or if the Employee resigns from his employment hereunder other than for Good Reason, he shall be entitled to payment of the pro rata portion of his Salary and accrued Bonus (for purposes of this
Agreement, “accrued Bonus” shall be determined using the number of days in the applicable calendar year that the Employee was employed by the Company and the applicable performance criteria under the bonus 
  
  

 3 

 plan, in each case through the date of termination or resignation) through and including the date of termination or
resignation, as well as any un-reimbursed expenses. Except to the extent required by the terms of any applicable compensation or benefit plan or program or as otherwise required by applicable law, the Employee shall have no rights under this
Agreement or otherwise to receive any other compensation or to participate in any other plan, program or arrangement after such termination or resignation of employment with respect to the year of such termination or resignation and later years.

  
 (ii) In addition, the Employee shall be entitled to retain the
then-vested portion of his options to purchase shares of the Company’s common stock until such options expire in accordance with their terms. 
  
 (iii) Termination for “Cause” shall mean termination of the Employee’s employment with the Company because of (A) willful, material
or persistently repeated non-performance of the Employee’s duties to the Company (other than by reason of the incapacity of the Employee due to physical or mental illness) after notice by the Board of such failure and the Employee’s
non-performance and continued, willful, material or persistent repeated non-performance after such notice, (B) the indictment of the Employee for a felony offense, (C) fraud against the Group or any willful misconduct that brings the reputation of
the Group into serious disrepute or causes the Employee to cease to be able to perform his duties, (D) any other material breach by the Employee of any material term of this Agreement, or (E) the Employee is unable to perform his duties, by reason
of disability, for a period of six (6) months or more. 
  
 (iv)
Termination of the Employee’s employment for Cause shall be communicated by delivery to the Employee of a written notice from the Company stating that the Employee has been terminated for Cause, specifying the particulars thereof and the
effective date of such termination. The date of a resignation by the Employee without Good Reason shall be the date specified in a written notice of resignation from the Employee to the Company. The Employee shall provide at least 30 days’
advance written notice of resignation without Good Reason. 
  
 (b)
Involuntary Termination. (i) If, prior to June 1, 2004, the Company terminates the Employee’s employment for any reason other than Cause or Employee resigns from his employment hereunder for Good Reason (collectively hereinafter referred
to as an “Involuntary Termination”), the Company shall pay to the Employee his Salary and accrued Bonus up to and including the date of such Involuntary Termination, as well as any un-reimbursed expenses. In addition, the Company
shall continue to pay to the Employee as severance and in compensation for the covenants of paragraph 6 (the “Severance Payments”) in accordance with the Company’s normal payroll practices, his Salary, at the rate in effect
immediately prior to such Involuntary Termination, through the first anniversary date of the Effective Date of the termination. 
  
 (ii) In addition, in the event of the Employee’s Involuntary Termination prior to June 1, 2004, all of the Employee’s then-outstanding options
to purchase shares of the Company’s common stock shall continue to vest until June 1, 2004. The Employee shall be entitled to retain the vested portion of his options as if he had remained an Employee until June 1, 2004. 
  
  

 4 

 (iii) Resignation for “Good Reason” shall mean resignation by Employee because of (A) an
adverse and material change in the Employee’s duties, titles or reporting responsibilities, (B) a material breach by the Company of any term of the Agreement, (C) a reduction in the Employee’s Salary or bonus opportunity or the failure of
the Company to pay the Employee any material amount of compensation when due, (D) the assignment to Employee of any material duties that are inconsistent with those described in Section 1 of this Agreement without the Employee’s consent, or (E)
the Company’s requirement that Employee perform a substantial portion of his duties outside the Seattle, Washington metropolitan area, except for travel in furtherance of the Company’s business. The Company shall have 30 business days from
the date of receipt of such notice to effect a cure of the material breach described therein and, upon cure thereof by the Company to the reasonable satisfaction of the Employee, such material breach shall no longer constitute Good Reason for
purposes of this Agreement. 
  
 (iv) The date of termination of
employment without Cause shall be the date specified in a written notice of termination to the Employee. The date of resignation for Good Reason shall be the date specified in a written notice of resignation from the Employee to the Company;
provided, however, that no such written notice shall be effective unless the cure period specified in Section 4(b)(iii) above has expired without the Company having corrected, to the reasonable satisfaction of the Employee, the event
or events subject to cure. 
  
 (v) Anything in this Agreement to
the contrary notwithstanding, no amounts shall be payable under this Section 4(b) if the Employee’s employment with the Company ends, for any reason, on or after June 1, 2004. 
  
  

 5 

 5. Limitation on Payments. 
  
 Notwithstanding anything herein to the contrary, if any of the payments made hereunder would constitute a “parachute
payment” (as defined in Section 280G(b)(2) of the Internal Revenue Code of 1986, as amended (the “Code”), and the net after-tax amount of the parachute payment is less than the net after-tax amount if the aggregate payments to be made
to the Employee were three times his “base amount” (as defined in Section 280G(b)(3) of the Code), less $1.00, then the aggregate of the amounts constituting the parachute payment shall be reduced to an amount that will equal three
times the base amount, less $1.00. The determinations to be made with respect to this Section 5 shall be made by an independent accounting firm of national standing (other than the Company’s regular auditors). The accounting firm shall be paid
by the Company for its services performed hereunder. 
  
 6.
Protection of the Company’s Interests. 
  
 (a) No
Competing Employment. For so long as the Employee is employed by the Company and for one (1) year thereafter (such period being referred to hereinafter as the “Restricted Period”), the Employee shall not, without the prior
written consent of the Board, directly or indirectly, own an interest in, manage, operate, join, control, lend money or render financial or other assistance to or participate in or be connected with, as an officer, employee, partner, stockholder,
consultant or otherwise, any individual, partnership, firm, corporation or other business organization or entity that competes with the Group by providing any goods or services provided or under development by the Group at the effective date of the
Employee’s termination of employment under this Agreement; provided, however, that this Section 6(a) shall not proscribe the Employee’s ownership, either directly or indirectly, of either less than five percent of any class
of securities which are listed on a national securities exchange or quoted on the automated quotation system of the National Association of Securities Dealers, Inc.. 
  
 (b) No Interference. During the Restricted Period, the Employee shall not, whether for his own account or for the
account of any other individual, partnership, firm, corporation or other business organization (other than the Company), intentionally solicit, endeavor to entice away from the Group or otherwise interfere with the relationship of the Group with,
any key person or team who is employed by or otherwise engaged to perform services for the Group or any key person or team or entity who is, or was within the then most recent twelve-month period, a customer, client or supplier of the Group.

  
 (c) Secrecy. The Employee recognizes that the services
to be performed by him hereunder are special, unique and extraordinary in that, by reason of his employment hereunder, he may acquire confidential information and trade secrets concerning the operation of the Group, the use or disclosure of which
could cause the Group substantial losses and damages which could not be readily calculated and for which no remedy at law would be adequate. Accordingly, the Employee covenants and 
  
  

 6 

 agrees with the Company that he will not at any time, except in performance of the Employee’s obligations to the
Company hereunder or with the prior written consent of the Board, directly or indirectly disclose to any person any confidential information that he may learn or has learned by reason of his association with the Group. The term “confidential
information” means any information not previously disclosed to the public or to the trade by the Group with respect to the Company’s, or any of its affiliates’ or subsidiaries’, products, facilities and methods, trade secrets
and other intellectual property, systems, procedures, manuals, confidential reports, product price lists, customer lists, financial information (including the revenues, costs or profits associated with any of the Group’s products), business
plans, prospects or opportunities. 
  
 (d) Exclusive
Property. The Employee confirms that all confidential information is and shall remain the exclusive property of the Group. All business records, papers and documents kept or made by the Employee relating to the business of the Group shall be and
remain the property of the Group. Upon the termination of his employment with the Company or upon the request of the Company at any time, the Employee shall promptly deliver to the Company, and shall not without the consent of the Board retain
copies of, any written materials not previously made available to the public, or records and documents made by the Employee or coming into his possession concerning the business or affairs of the Group; provided, however, that
subsequent to any such termination, the Company shall provide the Employee with copies (the cost of which shall be borne by the Employee) of any documents which are requested by the Employee and which the Employee has determined in good faith are
(i) required to establish a defense to a claim that the Employee has not complied with his duties hereunder or (ii) necessary to the Employee in order to comply with applicable law. 
  
 (e) Assignment of Developments. All “Developments” (as defined below) that were or are at any time
made, conceived or suggested by Employee, whether acting alone or in conjunction with others, during Employee’s employment with the Group shall be the sole and absolute property of the Group, free of any reserved or other rights of any kind on
the part of Employee. During Employee’s employment and, if such Developments were made, conceived or suggested by Employee during his employment with the Group, thereafter, Employee shall promptly make full disclosure of any such Developments
to the Group and, at the Group’s cost and expense, do all acts and things (including, among others, the execution and delivery under oath of patent and copyright applications and instruments of assignment) deemed by the Group to be necessary or
desirable at any time in order to effect the full assignment to the Group of Employee’s right and title, if any, to such Developments. For purposes of this Agreement, the term “Developments” shall mean all data, discoveries,
findings, reports, designs, inventions, improvements, methods, practices, techniques, developments, programs, concepts, and ideas, whether or not patentable, relating to the activities of the Group of which Employee is as of the date of this
Agreement aware or of which Employee becomes aware at any time during the Term, excluding any Development for which no equipment, supplies, facilities or confidential information of the Group was used and which was developed entirely on
Employee’s own time, unless (i) the Development relates directly to the business of the Group, (ii) the Development relates 
  
  

 7 

 to actual or demonstrably anticipated research or development of the Group, or (iii) the Development results from any
work performed by Employee for the Group (the foregoing is agreed to satisfy the written notice and other requirements of Section 49.44.140 of the Revised Code of Washington). 
  
 (f) Injunctive Relief. Without intending to limit the remedies available to the Company, the Employee acknowledges
that a breach of any of the covenants contained in this Section 6 may result in material irreparable injury to the Group for which there is no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and
that, in the event of such a breach or threat thereof, the Company shall be entitled to obtain a temporary restraining order and/or a preliminary or permanent injunction restraining the Employee from engaging in activities prohibited by this Section
6 or such other relief as may be required to specifically enforce any of the covenants in this Section 6. Without intending to limit the remedies available to the Employee, the Employee shall be entitled to seek specific performance of the
Company’s obligations under this Agreement. 
  
 7. General
Provisions. 
  
 (a) Source of Payments. All payments
provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid in cash from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of
assets made, to assure payment. The Employee shall have no right, title or interest whatever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person acquires a right
to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company; provided, however, that this provision shall not be deemed to waive or abrogate any preferential or
other rights to payment accruing to the Employee under applicable bankruptcy laws by virtue of the Employee’s status as an employee of the Company. 
  
 (b) No Other Severance Benefits. Except as specifically set forth in this Agreement, the Employee covenants and agrees that he shall not be
entitled to any other form of severance benefits from the Company, including, without limitation, benefits otherwise payable under any of the Company’s regular severance policies, in the event his employment hereunder ends for any reason and,
except with respect to obligations of the Company expressly provided for herein, the Employee unconditionally releases the Company and its subsidiaries and affiliates, and their respective directors, officers, employees and stockholders, or any of
them, from any and all claims, liabilities or obligations under this Agreement or under any severance or termination arrangements of the Company or any of its subsidiaries or affiliates for compensation or benefits in connection with his employment
or the termination thereof. 
  
 (c) Tax Withholding.
Payments to the Employee of all compensation contemplated under this Agreement shall be subject to all applicable tax withholding. 
  

 8 

 (d) Notices. Any notice hereunder by either party to the other shall be given in writing by
personal delivery, or certified mail, return receipt requested, or (if to the Company) by telex or facsimile, in any case delivered to the applicable address set forth below: 
  

					
	(i)	  	To the Company:	  	Getty Images, Inc.
	 	  	 	  	601 N. 34th Street
	 	  	 	  	Seattle, WA 98103
			
	(ii)	  	To the Employee:	  	Nick Evans-Lombe

  
 or to such other persons or other
addresses as either party may specify to the other in writing. 
  
 (e) Representation by the Employee. The Employee represents and warrants that his entering into this Agreement does not, and that his performance under this Agreement and consummation of the transactions contemplated hereby will not,
violate the provisions of any agreement or instrument to which the Employee is a party, or any decree, judgment or order to which the Employee is subject, and that this Agreement constitutes a valid and binding obligation of the Employee in
accordance with its terms. Breach of this representation will render all of the Company’s obligations under this Agreement void ab initio. 
  
 (f) Limited Waiver. The waiver by the Company or the Employee of a violation of any of the provisions of this Agreement, whether express or
implied, shall not operate or be construed as a waiver of any subsequent violation of any such provision. 
  
 (g) Assignment; Assumption of Agreement. No right, benefit or interest hereunder shall be subject to assignment, encumbrance, charge, pledge,
hypothecation or setoff by the Employee in respect of any claim, debt, obligation or similar process. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of
the business or assets of the Company to assume expressly and to 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. 
  
 (h) Amendment; Actions by the Company. This Agreement may not be
amended, modified or canceled except by written agreement of the Employee and the Company. Any and all determinations, judgments, reviews, verifications, adjustments, approvals, consents, waivers or other actions of the Company required or permitted
under this Agreement shall be effective only if undertaken by the Company pursuant to authority granted by a resolution duly adopted by the Board; provided, however, that by resolution duly adopted in accordance with this Section 7(h),
the Board may delegate its responsibilities hereunder to one or more of its members other than the Employee. 
  

 9 

 (i) Severability. If any term or provision hereof is determined to be invalid or unenforceable in
a final court or arbitration proceeding, (i) the remaining terms and provisions hereof shall be unimpaired and (ii) the invalid or unenforceable term or provision shall be deemed replaced by a term or provision that is valid and enforceable and that
comes closest to expressing the intention of the invalid or unenforceable term or provision. 
  
 (j) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Washington (determined without regard to the choice of law provisions thereof). 
  
 (k) Entire Agreement. This Agreement sets forth the entire agreement
and understanding of the parties hereto with respect to the matters covered hereby and supersedes all prior agreements and understandings of the parties with respect to the subject matter hereof. 
  
 (l) Headings. The headings and captions of the sections of this
Agreement are included solely for convenience of reference and shall not control the meaning or interpretation of any provisions of this Agreement. 
  
 (m) Counterparts. This Agreement may be executed by the parties hereto in counterparts, each of which shall be deemed an original, but both such
counterparts shall together constitute one and the same document. 
  
 (n) Disciplinary and Grievance Procedures. For statutory purposes, there is no formal disciplinary procedure in relation to the Employee’s employment. The Employee shall be expected to maintain the highest standards of integrity
and behavior. If the Employee has any grievance in relation to his employment or is not satisfied with any disciplinary procedure taken in relation to him, he may apply in writing within 14 days of that decision to the Board, whose decision shall be
final. The foregoing shall not be construed, however, to limit the Employee’s remedies at law or otherwise. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the day and year first written above. 
  

			
	GETTY IMAGES, INC.
		
	By:	 	 /s/ JEFF BEYLE

	Name:	 	Jeff Beyle
	Title:	 	SVP, General Counsel

  

 10 

			
	EMPLOYEE
		
	By:	 	 /s/ NICK EVANS-LOMBE

	 	 	Nick Evans-Lombe

  

 11

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