IMAX CORPORATION Long Term Incentive AWARD SARs AgreementLong Term Incentive Award Sars Agreement • March 17th, 2008 • Imax Corp • Photographic equipment & supplies
The SARs will have a 10-year term, commencing on the date of grant and, to the extent applicable, the SARs shall be governed by the provisions of the Stock Option Plan of the Company (the “Plan”), including for greater certainty, the provisions relating to the calculation of the fair market value of common shares of the Company, resignation or termination; provided, however, that to the extent any provisions of the Plan conflict with provisions of the Executive’s Employment Agreement dated as of May 17th, 1999 between IMAX Ltd, the Company and the Executive, as modified and amended by those Amending Agreements dated as of April 4, 2001, January 1, 2004, February 14th, 2006, October 5th, 2006 and as of the date hereof (together, the “Agreement”), the provisions of the Agreement shall apply. The vesting of all SARs shall be accelerated upon a “change of control” as defined in the Agreement and shall be governed, to the extent applicable, by the any other provisions in the Agreement regar
