SEC Contract Filing

Filing Date: 2016-04-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>starz_exhibit101x03312016b.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="s480DD58E24F8DF1793203114B11FC3A2"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exhibit 10.1</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:144%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">STARZ SEVERANCE AGREEMENT</font></div><div style="line-height:144%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WITH</font></div><div style="line-height:144%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">__________________________________________ (the &#8220;Executive&#8221;)</font></div><div style="line-height:144%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Effective Date: September 1, 2013</font></div><div style="line-height:144%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This Starz Severance Agreement (the &#8220;Agreement&#8221;) is entered into, as of the Effective Date set forth above, by and between Starz Entertainment, LLC (the &#8220;Employer&#8221;) and the Executive named above.</font></div><div style="line-height:144%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This Agreement provides for severance benefits if the Executive&#8217;s employment with the Employer is terminated in a Qualifying Termination. Capitalized terms have the meanings set forth in Section 6.</font></div><div style="line-height:144%;padding-bottom:16px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Section 1.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">Severance Pay Benefits:</font></div><div style="line-height:144%;padding-bottom:16px;text-align:left;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">a.</font><font style="font-family:inherit;font-size:10pt;">&#160;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Severance Pay Benefits - Generally</font><font style="font-family:inherit;font-size:11pt;">: Subject to Section 2, if the Executive&#8217;s employment is terminated in a Qualifying Termination that is not an Excluded Termination, the Executive will be eligible for severance pay benefits in an amount equal to </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">[_____]</font><font style="font-family:inherit;font-size:11pt;">&#32;months of Base Pay (the &#8220;Severance Pay Amount&#8221;).</font></div><div style="line-height:144%;padding-bottom:16px;text-align:left;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">b.</font><font style="font-family:inherit;font-size:10pt;">&#160;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Form and Timing of Severance Pay</font><font style="font-family:inherit;font-size:11pt;">: Except as otherwise provided in Sections 2 and 3, the Severance Pay Amount will be paid in installments in amounts equal to the Executive&#8217;s Base Pay pursuant to the Employer&#8217;s regular payroll practices, commencing with the payroll date coincident with or immediately following the 50</font><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">th</sup></font><font style="font-family:inherit;font-size:11pt;">&#32;day after the Executive&#8217;s termination date, except that the first payment of severance pay on such date will include a lump sum amount equal to the severance pay that would have been paid during such 50-day period immediately following the Participant&#8217;s termination date; provided that the Waiver and Release has been signed by the Executive and the Waiver and Release Agreement is not revoked during any applicable revocation period.</font></div><div style="line-height:144%;padding-bottom:16px;text-align:left;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">i.</font><font style="font-family:inherit;font-size:10pt;">&#160;</font><font style="font-family:inherit;font-size:11pt;">Severance pay benefits will be subject to all applicable tax and other withholdings, except that no withholding will be made for any 401(k) plan or for premiums for continued insurance coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act (&#8220;COBRA&#8221;). </font></div><div style="line-height:144%;padding-bottom:16px;text-align:left;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ii.</font><font style="font-family:inherit;font-size:10pt;">&#160;</font><font style="font-family:inherit;font-size:11pt;">If the Executive becomes re-employed by the Employer or any member of the Starz Group in any category of employment prior to the Executive&#8217;s actual receipt of any portion of the severance pay benefit, the severance paymen