SEC Contract Filing

Filing Date: 2015-06-12

Document Content:
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<TYPE>EX-10.64#
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<FILENAME>marcoly.htm
<DESCRIPTION>EXHIBIT 10.64#
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<DIV><FONT size="1" style="font-size:1pt;color:white">EXHIBIT 10.64 March 25, 2015 Anthony Marcoly 312 17th Street Seal Beach, CA 90740 Dear Anthony: On behalf of RealD Inc., a Delaware corporation (the &#8220;Company&#8221;), I am pleased to provide you with this letter setting forth the terms and conditions of your employment with the Company (the &#8220;Agreement&#8221;). Effective as of March 25, 2015 (the &#8220;Effective Date&#8221;) this Agreement amends, restates and supersedes in its entirety your Employment Agreement with the Company dated December 21, 2014. 1. Title; Duties; Reporting. You will serve as the Company&#8217;s President, Worldwide Cinema and shall report directly to the Executive Vice President, Global Operations of the Company. You shall be a member of the Company&#8217;s senior management team and shall have such duties and responsibilities as shall be consistent with your position. You shall work out of the Company&#8217;s offices in Beverly Hills, CA, with travel to other locations, including the Company&#8217;s facilities in Boulder, CO, trade shows and customer visits, as necessary to fulfill your duties and responsibilities. You will also devote your full time, efforts, abilities, and energies to promote the general welfare and interests of the Company and any related enterprises of the Company. You will loyally, conscientiously and professionally do and perform all duties and responsibilities of your position, as well as any other duties and responsibilities as may be reasonably assigned to you by the Company, consistent with your position. You will strictly adhere to and obey all Company rules, policies, procedures, regulations and guidelines including, but not limited to, those contained in the Company&#8217;s employee handbook, as well as any others that the Company may establish. You will strictly adhere to all applicable state and/or federal laws and/or regulations relating to your employment with the Company. (a) No Conflicting Obligations. By signing this Agreement, you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company. (b) Outside Activities. Notwithstanding anything to the contrary contained herein, you may (i) serve as a director or member of a committee or organization involving no actual or potential conflict of interest with the Company and its subsidiaries and affiliates; (ii) deliver lectures and fulfill speaking engagements; (iii) engage in charitable and community activities; and (iv) invest your personal assets in such form or manner that will not violate this Agreement; provided, however, that the activities described in clauses (i), (ii), (iii) or (iv) do not materially affect or interfere with the performance of your duties and obligations to the Company and further, provided, that the Company&#8217;s Chief Executive Officer must provide his/her advance written consent with respect to the items referenced in clause (i). 2. Term. (a) Length of Term. The term of this Agreement shall extend from the Effective Date through March 31, 2017 (the &#8220;Term&#8221;) unless terminated earlier in accordance with the terms herein. On April 1, 2017, and on each subsequent April 1st thereafter, the end date of the Term shall automatically be extended by one (1) additional year, unless either party has previously provided at least sixty (60) days&#8217; written notice to the other party to not so extend the Term. Once such notice has been provided, then the Term shall no longer be extended on any following April 1st. Notwithstanding anything to the contrary, this Agreement shall in all cases expire no later than (and cannot be extended beyond) March 31, 2019. Upon expiration of the Term due to either parties&#8217; providing written notice to not extend the Term then, except as provided in Section 2(c) below, your employment with the Company shall terminate </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">(if not terminated earlier in accordance with the terms herein) as of the end of the Term. The terms of Sections 6 through 13 shall survive any termination or expiration of this Agreement or of your employment. (b) Resignation. If you voluntarily terminate your employment for any reason, you shall be deemed to have immediately resigned from all positions as an employee or officer with the Company, and any of its affiliates, as of your last day of employment. Upon termination of your employment for any reason, you shall be deemed to have immediately resigned from any position as an employee, officer and/or director of the Company or any of its affiliates, as of your last day of employment. (c) At-Will Status After Expiration of the Term. If the Term ends on March 31, 2019 and if you are then still employed by the Company, then your employment shall thereafter continue on an &#8220;at will&#8221; basis and during such at-will period, either party can terminate your employment without obligation (including, without limitation, any obligation to provide severance payments or benefits) and/or the Company can change any or all of the terms of your employment at any time for any reason or no reason by providing written notice of the same. For the avoidance of doubt, no advance written notice will be required to effectuate a termination of your employment