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As Of Filer Filing For·On·As Docs:Size 5/09/22 Amc Entertainment Holdings, Inc. 10-Q 3/31/22 83:11M |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 1.32M 2: EX-10.1 Material Contract HTML 123K 3: EX-10.2 Material Contract HTML 124K 4: EX-31.1 Certification -- §302 - SOA'02 HTML 28K 5: EX-31.2 Certification -- §302 - SOA'02 HTML 28K 6: EX-32.1 Certification -- §906 - SOA'02 HTML 25K 12: R1 Document and Entity Information HTML 76K 13: R2 Condensed Consolidated Statements of Operations HTML 130K 14: R3 Condensed Consolidated Statements of Comprehensive HTML 54K Loss 15: R4 Condensed Consolidated Balance Sheets HTML 136K 16: R5 Condensed Consolidated Balance Sheets HTML 29K (Parenthetical) 17: R6 Condensed Consolidated Statements of Cash Flows HTML 165K 18: R7 Condensed Consolidated Statements of Cash Flows HTML 23K (Parenthetical) 19: R8 Basis of Presentation HTML 73K 20: R9 Leases HTML 166K 21: R10 Revenue Recognition HTML 109K 22: R11 Goodwill HTML 36K 23: R12 Investments HTML 29K 24: R13 Corporate Borrowings and Finance Lease Obligations HTML 107K 25: R14 Stockholders' Equity HTML 249K 26: R15 Income Taxes HTML 29K 27: R16 Fair Value Measurements HTML 94K 28: R17 Operating Segments HTML 133K 29: R18 Commitments and Contingencies HTML 34K 30: R19 Loss Per Share HTML 45K 31: R20 Supplemental Balance Sheet Information HTML 60K 32: R21 Basis of Presentation (Policies) HTML 91K 33: R22 Basis of Presentation (Tables) HTML 58K 34: R23 Leases (Tables) HTML 201K 35: R24 Revenue Recognition (Tables) HTML 111K 36: R25 Goodwill (Tables) HTML 36K 37: R26 Corporate Borrowings and Finance Lease Obligations HTML 120K (Tables) 38: R27 Stockholders' Equity (Tables) HTML 238K 39: R28 Fair Value Measurements (Tables) HTML 89K 40: R29 Operating Segments (Tables) HTML 133K 41: R30 Loss Per Share (Tables) HTML 42K 42: R31 Supplemental Balance Sheet Information (Tables) HTML 59K 43: R32 BASIS OF PRESENTATION - Covid 19 impact (Details) HTML 91K 44: R33 BASIS OF PRESENTATION - Principles of HTML 23K Consolidation (Details) 45: R34 BASIS OF PRESENTATION - Cash and equivalents HTML 29K (Details) 46: R35 BASIS OF PRESENTATION - AOCL and Accumulated HTML 44K Depreciation and Amortization (Details) 47: R36 BASIS OF PRESENTATION - Other Expense (Income) HTML 41K (Details) 48: R37 LEASES - Deferred payment (Details) HTML 42K 49: R38 LEASES - Lease costs (Details) HTML 48K 50: R39 LEASES - Cash flow and supplemental information HTML 36K (Details) 51: R40 LEASES - Lease terms and discount rates (Details) HTML 31K 52: R41 LEASES - Minimum annual payments under leases HTML 67K (Details) 53: R42 LEASES - Accounts Payable Lease Payments (Details) HTML 32K 54: R43 LEASES - Deferred lease (Details) HTML 45K 55: R44 LEASES - Future lease agreements (Details) HTML 29K 56: R45 REVENUE RECOGNITION - Disaggregation of revenue HTML 42K (Details) 57: R46 REVENUE RECOGNITION - Receivables and deferred HTML 37K revenue (Details) 58: R47 REVENUE RECOGNITION - Changes in liabilities HTML 45K (Details) 59: R48 REVENUE RECOGNITION - Transaction price allocated HTML 30K to the remaining performance obligations (Details) 60: R49 Goodwill (Details) HTML 31K 61: R50 Investments (Details) HTML 103K 62: R51 Investments - Related Party Transactions (Details) HTML 34K 63: R52 CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS HTML 137K - Long-term debt and lease obligations (Details) 64: R53 CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS HTML 45K - Maturities of corporate borrowings (Details) 65: R54 CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS HTML 31K - Financial Covenants (Details) 66: R55 CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS HTML 35K - Senior Secured Credit Facility (Details) 67: R56 Stockholders' Equity (Details) HTML 40K 68: R57 Stockholders' Equity - Awards granted (Details) HTML 102K 69: R58 STOCKHOLDERS' EQUITY - RSU, PSU and SPSU activity HTML 74K (Details) 70: R59 STOCKHOLDERS' EQUITY - Equity statements (Details) HTML 118K 71: R60 INCOME TAXES - narrative (Details) HTML 31K 72: R61 FAIR VALUE MEASUREMENTS - Fair value on a HTML 58K recurring basis (Details) 73: R62 FAIR VALUE MEASUREMENTS - Fair value on a HTML 39K nonrecurring basis (Details) 74: R63 Operating Segments (Details) HTML 49K 75: R64 Operating Segments - Reconciliation (Details) HTML 92K 76: R65 Commitments and Contingencies (Details) HTML 27K 77: R66 Loss Per Share (Details) HTML 65K 78: R67 Supplemental Balance Sheet Information (Details) HTML 56K 81: XML IDEA XML File -- Filing Summary XML 146K 79: XML XBRL Instance -- amc-20220331x10q_htm XML 2.99M 80: EXCEL IDEA Workbook of Financial Reports XLSX 108K 8: EX-101.CAL XBRL Calculations -- amc-20220331_cal XML 251K 9: EX-101.DEF XBRL Definitions -- amc-20220331_def XML 964K 10: EX-101.LAB XBRL Labels -- amc-20220331_lab XML 1.63M 11: EX-101.PRE XBRL Presentations -- amc-20220331_pre XML 1.22M 7: EX-101.SCH XBRL Schema -- amc-20220331 XSD 222K 82: JSON XBRL Instance as JSON Data -- MetaLinks 462± 670K 83: ZIP XBRL Zipped Folder -- 0001411579-22-000057-xbrl Zip 355K
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Exhibit 10.1
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into this 20th day of December, 2016, by and between AMC Entertainment Holdings, Inc., a Delaware corporation (the “Company”), and Daniel E. Ellis (the “Officer”).
THE PARTIES ENTER THIS AGREEMENT on the basis of the following facts, understandings and intentions:
A.The Company desires to obtain the services of the Officer on the terms and conditions set forth in this Agreement.
B.This Agreement shall govern the employment relationship between the Officer and the Company and supersedes and negates all previous agreements with respect to such relationship.
C.The Officer desires to be employed by the Company on the terms and conditions set forth in this Agreement.
D. This Agreement is contingent upon the consummation of a sale of all or substantially all of the voting stock or assets of Carmike Cinemas, Inc. to, or a merger with, AMC Entertainment, Inc. or any of its affiliates (the “Transaction Closing”). This Agreement will be null and void, without obligation to either party, should the Transaction Closing not occur.
NOW, THEREFORE, in consideration of the above recitals incorporated herein and the mutual covenants and promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, the parties agree as follows:
1. | Retention and Duties. |
1.1 | Retention. The Company does hereby hire, engage and employ the Officer beginning on the Transaction Closing as set forth above (the “Effective Date”), and concluding on the last day of the Period of Employment (as such term is defined in Section 2) on the terms and conditions expressly set forth in this Agreement. The Officer does hereby accept and agree to such hiring, engagement and employment, on the terms and conditions expressly set forth in this Agreement. Officer’s employer of record will be Company’s wholly owned subsidiary, American Multi-Cinema, Inc. |
1.2 | Duties. During the Period of Employment, the Officer shall serve the Company as its Senior Vice President, Domestic Development and shall have the powers, authorities, duties and obligations of management usually vested in such position of a company of a similar size and similar nature as the Company, and such other powers, authorities, duties and obligations commensurate with such position as the Company’s Board of Directors (the “Board”) or the Company’s Chief Executive Officer may assign from time to time, all subject to the directives of the Board and the corporate policies of the Company as they are in effect from time to time throughout the Period of Employment (including, without |
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limitation, the Company’s business conduct and ethics policies, as they may change from time to time). |
1.3 | No Other Employment; Minimum Time Commitment. During the Period of Employment, the Officer shall (i) devote substantially all of the Officer’s business time, energy and skill to the performance of the Officer’s duties for the Company, (ii) perform such duties in a faithful, effective and efficient manner to the best of his abilities, and (iii) hold no other employment. The Officer’s service on the boards of directors (or similar body) of other for-profit business entities is subject to the approval of the Board or the Company’s Chief Executive Officer. The Company shall have the right to require the Officer to resign from any board or similar body (including, without limitation, any association, corporate, civic or charitable board or similar body) on which he may then serve if the Board or the Company’s Chief Executive Officer reasonably determines that the Officer’s service on such board or body interferes with the effective discharge of the Officer’s duties and responsibilities to the Company or that any business related to such service is then in competition with any business of the Company or any of its Affiliates (as such term is defined in Section 5.5), successors or assigns. |
1.4 | No Breach of Contract. The Officer hereby represents to the Company that: (i) the execution and delivery of this Agreement by the Officer and the Company and the performance by the Officer of the Officer’s duties hereunder do not and shall not constitute a breach of, conflict with, or otherwise contravene or cause a default under, the terms of any other agreement or policy to which the Officer is a party or otherwise bound or any judgment, order or decree to which the Officer is subject; (ii) the Officer has no information (including, without limitation, confidential information and trade secrets) relating to any other Person (as such term is defined in Section 5.5) which would prevent, or be violated by, the Officer entering into this Agreement or carrying out his duties hereunder; (iii) the Officer is not bound by any employment, consulting, non-compete, confidentiality, trade secret or similar agreement with any other Person; and (iv) the Officer understands the Company will rely upon the accuracy and truth of the representations and warranties of the Officer set forth herein and the Officer consents to such reliance. |
1.5 | Location. The Officer’s principal place of employment shall be in Leawood, Kansas. The Officer agrees that he will be regularly present at that office. The Officer acknowledges that he will be required to travel from time to time in the course of performing his duties for the Company including periodically to Beijing, China. |
3. | Compensation. |
3.1 | Base Salary. During the Period of Employment, the Company shall pay the Officer a base salary (the “Base Salary”), which shall be paid in accordance with the Company’s regular payroll practices in effect from time to time, but not less frequently than monthly. The |
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Officer’s Base Salary shall be at an annualized rate of Four Hundred Thousand Dollars ($400,000). The Board (or a committee thereof) will review the Officer’s rate of Base Salary on an annual basis and may, in its sole discretion, increase (but not decrease) the rate then in effect. |
3.2 | Incentive Bonus. The Officer shall be eligible to receive an incentive bonus for each fiscal year of the Company that occurs during the Period of Employment (“Incentive Bonus”); provided, that the Officer must be employed by the Company at the end of the fiscal year in order to be eligible for an Incentive Bonus with respect to that fiscal year. If the Officer is not so employed at such time, he shall not be considered to have “earned” any Incentive Bonus with respect to the fiscal year in question. The target Incentive Bonus for each fiscal year during the Period of Employment shall equal 65% of Base Salary. Any Incentive Bonus shall be paid to the Officer in the immediately following fiscal year at the same time that the Company pays its annual bonuses to officers generally. The Officer’s target Incentive Bonus amount for a particular fiscal year of the Company shall be determined by the Company in its sole discretion, based on performance objectives (which may include corporate, business unit or division, financial, strategic, individual or other objectives) established with respect to that particular fiscal year by Company. |
3.3 | Long Term Incentives. The Officer shall be granted long term incentive awards on an annual basis on terms and conditions established by the Board, which shall be consistent with the terms and conditions of the awards made to other officers of the Company (“Long Term Incentive”). |
3.4 | Clawback. Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation or any other compensation paid to the Officer pursuant to this Agreement or any other agreement or arrangement with the Company which is subject to recovery under any law, government regulation or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by the Company (whether in existence as of the Effective Date or later adopted) pursuant to any such law, government regulation or stock exchange listing requirement or otherwise). |
4. | Benefits. |
4.1 | Retirement, Welfare and Fringe Benefits. During the Period of Employment, the Officer shall be entitled to participate in all retirement and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s executive officers generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time. |
4.2 | Reimbursement of Business Expenses. The Officer is authorized to incur reasonable expenses in carrying out the Officer’s duties for the Company under this Agreement and shall be entitled to reimbursement for all reasonable business expenses that the Officer incurs during the Period of Employment in connection with carrying out the Officer’s duties for the Company, subject to the Company’s expense reimbursement policies and any pre-approval policies in effect from time to time. |
4.3 | Vacation and Other Leave. During the Period of Employment, the Officer’s annual rate of vacation accrual shall be fifteen (15) days per year; provided that such vacation shall |
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accrue and be subject to the Company’s vacation policies in effect from time to time. The Officer shall also be entitled to all other holiday and leave pay generally available to other Officers of the Company. |
4.4 | Relocation Expenses. The Company shall reimburse the Officer for costs incurred in connection with his relocation to the Kansas City, Kansas area in accordance with Company’s standard relocation policy. Reimbursment of the expenses is subject to receipt by the Company of applicable documentation and compliance with Company’s standard relocation policy. The Company shall also provide for or reimburse the Officer for temporary housing for the period from the Effective Date and ending on the earlier of (i) the date Officer permanently relocates to the Kansas City, Kansas area, or (ii) June 30, 2017. |
5. | Termination. |
5.1 | Termination by the Company. The Officer’s employment by the Company, and the Period of Employment, may be terminated at any time by the Company: (i) with Cause (as such term is defined in Section 5.5), or (ii) without Cause, or (iii) in the event of the Officer’s death, or (iv) in the event that the Board determines in good faith that the Officer has a Disability (as such term is defined in Section 5.5). |
5.2 | Termination by the Officer. The Officer’s employment by the Company, and the Period of Employment, may be terminated by the Officer with no less than ninety (90) days’ advance written notice to the Company (such notice to be delivered in accordance with Section 16); provided, however, that in the case of a termination with Good Reason, the Officer may provide immediate written notice of termination once the applicable cure period (as contemplated by the definition of Good Reason) has lapsed if the Company has not reasonably cured the circumstances that gave rise to the basis for the termination with Good Reason. |
5.3 | Benefits Upon Termination. If the Officer’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Officer (in any case, the date that the Officer’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Officer, and the Officer shall have no further right to receive or obtain from the Company, any payments or benefits except as follows: |
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5.4 | Release; Exclusive Remedy. |
5.5 | Certain Defined Terms. |
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provided, however, that any such condition or conditions, as applicable, shall not constitute grounds for a termination with Good Reason unless (x) the Officer provides written notice to the Company of the condition claimed to constitute grounds for a termination with Good Reason within thirty (30) days after the initial existence of such condition(s) (such notice to be delivered in accordance with Section 16), and (y) the Company fails to remedy such condition(s) within thirty (30) days of receiving such written notice thereof; and (z) the termination of the Officer’s employment with the Company shall not constitute a termination with Good Reason unless such termination occurs not more than one hundred and twenty (120) days following the initial existence of the condition claimed to constitute grounds for a termination with Good Reason.
5.7 | Limitation on Benefits. |
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5.8 | Section 409A. |
6. | Protective Covenants. |
6.1 | Confidential Information; Inventions. |
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6.2 | Restriction on Competition. The Officer agrees that if the Officer were to become employed by, or substantially involved in, the business of a competitor of the Company or |
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any of its Affiliates during the twelve (12) months following the Severance Date, it would be very difficult for the Officer not to rely on or use the Company’s and its Affiliates’ trade secrets and confidential information. Thus, to avoid the inevitable disclosure of the Company’s and its Affiliates’ trade secrets and confidential information, and to protect such trade secrets and confidential information and the Company’s and its Affiliates’ relationships and goodwill with customers, during the Period of Employment and for a period of twelve (12) months after the Severance Date, the Officer will not directly or indirectly through any other Person engage in, enter the employ of, render any services to, have any ownership interest in, nor participate in the financing, operation, management or control of, any Competing Business. For purposes of this Agreement, the phrase “directly or indirectly through any other Person engage in” shall include, without limitation, any direct or indirect ownership or profit participation interest in such enterprise, whether as an owner, stockholder, member, partner, joint venturer or otherwise, and shall include any direct or indirect participation in such enterprise as an employee, consultant, director, officer, licensor of technology or otherwise. For purposes of this Agreement, “Competing Business” means a Person anywhere in the continental United States or elsewhere in the world where the Company or any of its Affiliates engage in business, or reasonably anticipate engaging in business, on the Severance Date (the “Restricted Area”) that at any time during the Period of Employment has competed, or at any time during the twelve (12) month period following the Severance Date competes, with the Company or any of its Affiliates in any of its or their businesses, including, without limitation, theatrical exhibition, digital cinema, internet ticketing and virtual box office for theatrical exhibitions, IMAX or other three dimensional screened entertainment, pre-show content, cinema or lobby advertising products, meeting and event services or special in-theater events. Nothing herein shall prohibit the Officer from (i) being a passive owner of not more than 2% of the outstanding stock of any class of a corporation that is publicly traded, so long as the Officer has no active participation in the business of such corporation, (ii) providing services to a Person otherwise engaged in a Competing Business, provided the Officer provides no services to any business operated, managed or controlled by such Person that causes such Person to constitute a Competing Business, or (iii) providing services to a Person the business or businesses of which are unrelated to theatrical exhibition. |
6.3 | Non-Solicitation of Employees and Consultants. During the Period of Employment and for a period of twelve (12) months after the Severance Date, the Officer will not directly or indirectly through any other Person (i) induce or attempt to induce any employee or independent contractor of the Company or any Affiliate of the Company to leave the employ or service, as applicable, of the Company or such Affiliate, or in any way interfere with the relationship between the Company or any such Affiliate, on the one hand, and any employee or independent contractor thereof, on the other hand, or (ii) hire any person who was an employee of the Company or any Affiliate of the Company until twelve (12) months after such individual’s employment relationship with the Company or such Affiliate has been terminated. |
6.4 | Non-Solicitation of Customers. During the Period of Employment and for a period of twelve (12) months after the Severance Date, the Officer will not directly or indirectly through any other Person influence or attempt to influence customers, vendors, suppliers, licensors, lessors, joint venturers, associates, consultants, agents, or partners of the Company or any Affiliate of the Company to divert their business away from the Company or such Affiliate, and the Officer will not otherwise interfere with, disrupt or attempt to disrupt the business relationships, contractual or otherwise, between the Company or any |
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Affiliate of the Company, on the one hand, and any of its or their customers, suppliers, vendors, lessors, licensors, joint venturers, associates, officers, employees, consultants, managers, partners, members or investors, on the other hand. |
6.5 | Nondisparagement. The Officer acknowledges and agrees that he will not defame, disparage or publicly criticize, directly or through another Person, the services, business or reputation of the Company or any of its officers, directors, partners, employees, Affiliates or agents in either a professional or personal manner either during his employment with the Company or thereafter. |
6.6 | Understanding of Covenants. The Officer acknowledges that, in the course of his employment with the Company and/or its Affiliates and their predecessors, he has become familiar, or will become familiar, with the Company’s and its Affiliates’ and their predecessors’ trade secrets and with other confidential and proprietary information concerning the Company, its Affiliates and their respective predecessors and that his services have been and will be of special, unique and extraordinary value to the Company and its Affiliates. The Officer agrees that the foregoing covenants set forth in this Section 6 (together, the “Restrictive Covenants”) are reasonable and necessary to protect the Company’s and its Affiliates’ trade secrets and other confidential and proprietary information, good will, stable workforce, and customer relations. |
Without limiting the generality of the Officer’s agreement in the preceding paragraph, the Officer (i) represents that he is familiar with and has carefully considered the Restrictive Covenants, (ii) represents that he is fully aware of his obligations hereunder, (iii) agrees to the reasonableness of the length of time, scope and geographic coverage, as applicable, of the Restrictive Covenants, (iv) agrees that the Company and its Affiliates currently conducts business throughout the Restricted Area, and (v) agrees that the Restrictive Covenants will continue in effect for the applicable periods set forth above in this Section 6 regardless of whether the Officer is then entitled to receive severance pay or benefits from the Company. The Officer understands that the Restrictive Covenants may limit his ability to earn a livelihood in a business similar to the business of the Company and any of its Affiliates, but he nevertheless believes that he has received and will receive sufficient consideration and other benefits as an employee of the Company and as otherwise provided hereunder or as described in the recitals hereto to clearly justify such restrictions which, in any event (given his education, skills and ability), the Officer does not believe would prevent him from otherwise earning a living. The Officer agrees that the Restrictive Covenants do not confer a benefit upon the Company disproportionate to the detriment of the Officer.
6.7 | Enforcement. The Officer agrees that the Officer’s services are unique and that he has access to Confidential Information and Work Product. Accordingly, the Officer agrees that a breach by the Officer of any of the covenants in this Section 6 would cause immediate and irreparable harm to the Company that would be difficult or impossible to measure, and that damages to the Company for any such injury would therefore be an inadequate remedy for any such breach. Therefore, the Officer agrees that in the event of any breach or threatened breach of any provision of this Section 6 or any similar provision, the Company shall be entitled, in addition to and without limitation upon all other remedies the Company may have under this Agreement, at law or otherwise, to obtain specific performance, injunctive relief and/or other appropriate relief (without posting any bond or deposit) in order to enforce or prevent any violations of the provisions of this Section 6 or any similar provision, as the case may be, and/or require the Officer to account for and pay over to the |
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6.8 | The Officer agrees to execute any additional documentation as may reasonably be requested by the Company in furtherance of the enforcement of any Restrictive Covenant. |
7. | Withholding Taxes. Notwithstanding anything else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise due or payable under or pursuant to this Agreement such federal, state and local income, employment, or other taxes as may be required to be withheld pursuant to any applicable law or regulation. |
8. | Successors and Assigns. |
8.1 | This Agreement is personal to the Officer and without the prior written consent of the Company shall not be assignable by the Officer otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Officer’s legal representatives. |
8.2 | This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any assignee or successor to all or substantially all of the Company’s assets, as applicable, which assumes this Agreement by operation of law or otherwise. |
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11. | Governing Law; Arbitration; Waiver of Jury Trial. |
11.3 | EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT. |
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13. | Entire Agreement. This Agreement embodies the entire agreement of the parties hereto respecting the matters within its scope. This Agreement supersedes all prior and contemporaneous agreements of the parties hereto that directly or indirectly bears upon the subject matter hereof, including, without limitation, any term sheet prepared in connection herewith. Any prior negotiations, correspondence, agreements, proposals or understandings relating to the subject matter hereof shall be deemed to have been merged into this Agreement, and to the extent inconsistent herewith, such negotiations, correspondence, agreements, proposals, or understandings shall be deemed to be of no force or effect. There are no representations, warranties, or agreements, whether express or implied, or oral or written, with respect to the subject matter hereof, except as expressly set forth herein. Notwithstanding the foregoing integration provisions, the Officer acknowledges having received and read the Company’s code of ethics and agrees to conduct himself in accordance therewith as in effect from time to time. |
if to the Company:
AMC Entertainment Holdings, Inc.
Facsimile: 913-213-2059
if to the Officer, to the address most recently on file in the payroll records of the Company.
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18. | Legal Counsel; Mutual Drafting. Each party recognizes that this is a legally binding contract and acknowledges and agrees that they have had the opportunity to consult with legal counsel of their choice. Each party has cooperated in the drafting, negotiation and preparation of this Agreement. Hence, in any construction to be made of this Agreement, the same shall not be construed against either party on the basis of that party being the drafter of such language. The Officer agrees and acknowledges that he has read and understands this Agreement, is entering into it freely and voluntarily, and has been advised to seek counsel prior to entering into this Agreement and has had ample opportunity to do so. |
THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES.
[The remainder of this page has intentionally been left blank.]
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IN WITNESS WHEREOF, the Company and the Officer have executed this Agreement as of the day and year first set forth above.
AMC Entertainment Holdings, Inc.
By:__/s/ Carla Sanders
___/s/
Daniel E. Ellis
FORM OF RELEASE1
“A GENERAL RELEASE DOES NOT EXTEND TO A CLAIM WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.”
The Officer acknowledges that he/she later may discover claims, demands, causes of action or facts in addition to or different from those which the Officer now knows or believes to exist with respect to the subject matter of this Agreement and which, if known or suspected at the time of executing this Agreement, may have materially affected its terms. Nevertheless, the Officer hereby waives, as to the Claims, any claims, demands, and causes of action that might arise as a result of such different or additional claims, demands, causes of action or facts.
1Subject to revision to the extent advisable based on changes in law or legal interpretation.
(a) | In return for this Agreement, he/she will receive consideration beyond that to which he/she would have been entitled had he/she not entered into this Agreement; |
(b) | He/She is hereby advised in writing by this Agreement to consult with an attorney before signing this Agreement; |
(c) | He/She was given a copy of this Agreement on [__________, 20__] and informed that he/she had twenty-one (21) days within which to consider the Agreement; and |
(d) | He/She was informed that he/she has seven (7) days following the date of execution of the Agreement in which to revoke the Agreement. |
The undersigned has read and understands the consequences of this Agreement and voluntarily signs it. The undersigned declares under penalty of perjury under the laws of the State of [Delaware] that the foregoing is true and correct.
EXECUTED this ________ day of ________ 20__, at ______________________ County, [State].
AMC ENTERTAINMENT HOLDINGS, INC.,
on behalf of itself and its divisions, subsidiaries, parents, and affiliated companies, past and present, and each of them
2 | If requested by the Company, the Officer shall provide a separate release from the Officer’s spouse at the time of execution. |
This ‘10-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on: | 5/9/22 | 8-K | ||
For Period end: | 3/31/22 | 4 | ||
6/30/17 | 10-Q | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/28/24 AMC Entertainment Holdings, Inc. 424B5 2:416K Toppan Merrill/FA 2/28/24 AMC Entertainment Holdings, Inc. 10-K 12/31/23 133:25M 11/09/23 AMC Entertainment Holdings, Inc. 424B5 2:411K Toppan Merrill/FA 9/06/23 AMC Entertainment Holdings, Inc. 424B5 2:439K Toppan Merrill/FA 8/24/23 AMC Entertainment Holdings, Inc. 424B5 2:431K Toppan Merrill/FA 3/09/23 AMC Entertainment Holdings, Inc. 424B7 2:636K Toppan Merrill/FA 2/28/23 AMC Entertainment Holdings, Inc. 10-K 12/31/22 125:28M 9/26/22 AMC Entertainment Holdings, Inc. 424B5 2:621K Toppan Merrill/FA 8/04/22 AMC Entertainment Holdings, Inc. S-3ASR 8/04/22 5:334K Toppan Merrill/FA |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/14/22 AMC Entertainment Holdings, Inc. 8-K:1,2,8,9 2/14/22 12:1.5M Toppan Merrill/FA |