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METROMEDIA INTERNATIONAL GROUP, INC. INCENTIVE BONUS AGREEMENT

Employee Bonus Plan Agreement

METROMEDIA INTERNATIONAL GROUP, INC.
                            INCENTIVE BONUS AGREEMENT | Document Parties: METROMEDIA INTERNATIONAL GROUP INC | Harold F. Pyle III You are currently viewing:
This Employee Bonus Plan Agreement involves

METROMEDIA INTERNATIONAL GROUP INC | Harold F. Pyle III

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Title: METROMEDIA INTERNATIONAL GROUP, INC. INCENTIVE BONUS AGREEMENT
Governing Law: New York     Date: 10/2/2006
Industry: Communications Services     Law Firm: Paul, Weiss, Rifkind, Wharton & Garrison LLP ;    

METROMEDIA INTERNATIONAL GROUP, INC.
                            INCENTIVE BONUS AGREEMENT, Parties: metromedia international group inc , harold f. pyle iii
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                                                                    Exhibit 10.3


                      METROMEDIA INTERNATIONAL GROUP, INC.
                            INCENTIVE BONUS AGREEMENT
                            -------------------------


     THIS AGREEMENT is entered into as of the 1st day of October, 2006 (the
"Effective Date") by and between Metromedia International Group, Inc., a
Delaware corporation (the "Company"), and Harold F. Pyle III ("Executive").

     WHEREAS, the Company has entered into a letter of intent pursuant to which
it anticipates selling all or substantially all of its assets (the "LOI Sale
Transaction"); and

     WHEREAS, Executive is currently employed by the Company as its Chief
Financial Officer, and the Board of Directors of the Company (the "Board") has
determined that it is in the best interests of the Company and its stockholders
to provide an incentive for Executive to attain value for the stockholders and
perform Executive's duties to the Company in furtherance of the Company's
efforts to consummate the LOI Sale Transaction or any other "Sale Transaction"
(as defined below); and

     WHEREAS, to such end, the Company desires to provide Executive with certain
payments and benefits pursuant to the terms of this Agreement; and

     WHEREAS, the Board of Directors has authorized the Company to enter into
this Agreement.

     NOW, THEREFORE, for and in consideration of the premises and the mutual
covenants and agreements contained herein and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
Company and Executive hereby agree as follows:

I.    Incentive Bonus. The Company agrees that, if a definitive agreement to
consummate the LOI Sale Transaction or any other sale of the Company or
transaction pursuant to which the Company sells all or substantially all of its
assets (collectively with the LOI Transaction, a "Sale Transaction") is entered
into by January 31, 2007, the Sale Transaction is subsequently consummated and
the holders of shares of preferred stock, par value $1.00 per share, of the
Company ("Preferred Stock") have received an amount equal to $68.00 per share of
Preferred Stock, Executive shall be entitled to receive a bonus equal to
$1,000,000 (the "Incentive Bonus"), which shall be payable in a single lump sum
cash payment as soon as reasonably practicable following the date of the last
payment to the holders of Preferred Stock that results in such holders receiving
at least $68.00 per share (the "Payment Date"), subject to Executive's continued
employment on such date. Notwithstanding the foregoing, if Executive's
employment is terminated by the Company without "Cause" (as defined in the
employment agreement, entered into on October 6, 2003 and effective as of
October 1, 2003, by and between Executive and the Company, as amended from time
to time (the "Employment Agreement") at any time before the Payment Date,
Executive shall be entitled to receive the Incentive Bonus on the Payment Date
if it occurs.

<PAGE>

II.   Withholding Taxes. The Company may withhold from all payments due to
Executive hereunder all taxes which, by applicable federal, state, local or
other law, the Company is required to withhold therefrom.

III. Non-Exclusivity of Rights. Other than as specifically stated in this
Agreement, nothing in this Agreement shall prevent or limit Executive's right to
participate in any benefit, bonus, incentive or other plan or program provided
by the Company and for which Executive may qualify, nor shall anything herein
limit or reduce such rights as Executive may have under any agreements with the
Company, and amounts which are vested benefits or which Executive is otherwise
entitled to receive under any plan or program of the Company shall be payable in
accordance with such plan or program, except as explicitly modified by this
Agreement; provided, that Executive and the Company agree that if a Sale
Transaction is entered into by January 31, 2007, and if the Sale Transaction is
subsequently consummated, then the special bonus agreement, dated as of August
9, 2005 by and between Executive and the Company shall be void and of no further
force and effect, and Executive shall have no rights to any payments or benefits
thereunder.

IV.   Entire Agreement. This Agreement constitutes the entire agreement of the
parties hereto and supersedes all prior and contemporaneous agreements and
understandings (including term sheets) both written and oral, between the
parties hereto, or either of them, with res


 
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