AMENDED EMPLOYMENT AGREEMENTEmployment Agreement Amendment |
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IMAX
CORPORATION
Exhibit
10.14
AMENDED
EMPLOYMENT AGREEMENT
This agreement amends the amended
employment agreement (the "Agreement")
between Richard L. Gelfond (the "Executive") and IMAX Corporation
(the
"Company") dated July 1, 1998, as amended, on the same terms and
conditions
except as set out below:
1. TERM. The term of the Agreement is
extended until December 31, 2006.
2. CASH COMPENSATION. The Executive
shall be entitled to be paid base salary
at the rate of $500,000 per year,
plus a bonus of up to two times salary.
Such bonus shall be at the
discretion of the Board of Directors and shall
be based upon the success of the
Company in achieving the goals and
objectives set by the Board after
consultation with the Executive. The
Executive shall be considered for a
bonus based upon per






