1
EXHIBIT 10.36
[SHOWSCAN ENTERTAINMENT LETTERHEAD]
October 1, 1998
Xx. Xxxxxx Xxxx
0000 Xxxxxxxxx Xxxx
Xxx Xxxxxxx, Xxxxxxxxxx 00000
Re: Employment Agreement
Dear Xxxxxx:
Based on your performance as President and Chief Executive Officer of Showscan,
since your appointment to such position nineteen (19) months on March 1, 1998,
the Board of Directors at its September 30, 1998 meeting, approved an increase
in your salary to Three Hundred Thousand Dollars ($300,000) per annum effective
as of October 1, 1998. All of the other terms under your Employment Agreement
with Showscan dated May 3, 1994 and that certain letter agreement, dated August
7, 1996, as amended by the "First Amendment to Severance Agreement" dated
January 31, 1997, shall remain unchanged and in full force and effect.
Additionally, the Board of Directors also approved a Seventy-Five Thousand
Dollar ($75,000) bonus payable October 1, 1998 as additional recognition of
your performance as President and Chief Executive Officer.
Thank you again for all of your considerable efforts and your anticipated
continued performance on behalf of Showscan.
Best Regards,
/s/ Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
Chairman of the Board
WDB/das
