DREAMWORKS ANIMATION SKG, INC. 1000 FLOWER STREET GLENDALE, CA 91201
Exhibit 10.62
DREAMWORKS ANIMATION SKG, INC.
1000 FLOWER STREET
GLENDALE, CA 91201
February 21, 2008
Mr. Jeffrey Katzenberg
c/o Mickey Rutman
Breslauer & Rutman
11400 W. Olympic Boulevard, Suite 550
Los Angeles, CA 90064
Dear Jeffrey:
Reference is made to that certain executed Amended and Restated Employment Agreement, dated as of October 25, 2007 (the “Agreement”), between DreamWorks Animation SKG, Inc., a Delaware corporation (“Studio”), and you, whereby Studio agreed to employ you and you agreed to accept such employment upon the terms and conditions set forth therein. Except as provided to the contrary herein, all capitalized terms in this letter shall have the same meaning as set forth in the Agreement.
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, you hereby waive your right to receive the following:
| (i) | the equity-based or cash compensation under Paragraph 4(b)(ii) of the Agreement that would be granted to you, subject to the approval of the Compensation Committee, during the remaining term of the Agreement; and |
| (ii) | the equity-based compensation under Paragraph 4(b)(iii) of the Agreement that would be granted to you, subject to the approval of the Compensation Committee, during the remaining term of the Agreement. |
Except as expressly modified by this letter, this letter does not modify or amend the Agreement in any respect. As modified by this letter, the Agreement is hereby ratified and confirmed in all respects.
Mr. Jeffrey Katzenberg
February 21, 2008
If the foregoing correctly sets forth your understanding, please sign one copy of this letter and return it to the undersigned, whereupon this letter shall constitute a binding agreement between us
| Very truly yours,
DREAMWORKS ANIMATION SKG, INC. | ||
| By: | /s/ Lewis W. Coleman | |
| Its: | President and Chief Financial Officer | |
ACCEPTED AND AGREED AS OF THE
DATE FIRST ABOVE WRITTEN:
| /s/ Jeffrey Katzenberg |
| JEFFREY KATZENBERG |
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