IMAX Corporation Employment Arrangement with Interim CFO Edward MacNeil (2006)

Contract Categories: Human Resources › Employment Agreements
Summary

IMAX Corporation has entered into an employment arrangement with Edward MacNeil, appointing him as Interim Chief Financial Officer. Mr. MacNeil will receive an annualized salary of Cdn$345,000 for his service. Additionally, he is guaranteed a bonus of Cdn$50,000, which will be paid in March 2007 for the year ending December 31, 2006. This agreement outlines the compensation terms during his interim tenure.

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EX-10.29 3 o33710exv10w29.txt EX-10.29 IMAX CORPORATION Exhibit 10.29 Summary of Employment Arrangement November 6, 2006 On August 21, 2006, IMAX Corporation (the "Company") announced the appointment of Mr. Edward MacNeil, as Interim Chief Financial Officer. On November 6, 2006 the Company reached an arrangement with Mr. MacNeil. During his term as Interim CFO, Mr. MacNeil will receive an annualized salary of Cdn$345,000. Under the arrangement, Mr. MacNeil will receive a guaranteed bonus of Cdn$50,000 payable in March 2007, in respect of the year ending December 31, 2006.