ContractEmployment Agreement • May 5th, 2020 • California
Contract Type FiledMay 5th, 2020 Jurisdiction<DOCUMENT> <TYPE>EX-10.5 <SEQUENCE>3 <FILENAME>f80223ex10-5.txt <DESCRIPTION>EXHIBIT 10.5 <TEXT> <PAGE> EXHIBIT 10.5 Note: Information in this document marked with an "[*]" has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. EMPLOYMENT AGREEMENT This Employment Agreement made and entered into by and between PIXAR, a California corporation (the "Company") and JOHN LASSETER ("Employee") effective as of March 21, 2001. Reference is made to that certain executed Employment Agreement ("Prior Agreement") made and entered into by and between Company and John Lasseter dated as of February 24, 1997. As an inducement for the parties to enter into this Employment Agreement, the parties agree that notwithstanding anything to the contrary contained in the Prior Agreement, the Term of the Prior Agreement shall expire as of March 20, 2001 and shall be superceded by this Agreement. 1. ENGAGEMENT: 1.1 Guaranteed Empl