Amendment to Employment Agreement between Metro-Goldwyn-Mayer Inc. and Alex Yemenidjian

Contract Categories: Human Resources › Employment Agreements
Summary

Metro-Goldwyn-Mayer Inc. and Alex Yemenidjian have agreed to extend the term of Mr. Yemenidjian's employment agreement, originally dated April 28, 1999, so that it now expires on April 30, 2007. All other terms of the original agreement remain unchanged and in effect. This amendment is effective as of March 25, 2002, and is confirmed by the signatures of both parties.

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EX-10.1 3 dex101.htm AMENDMENT TO EMPLOYMENT AGREEMENT Prepared by R.R. Donnelley Financial -- Amendment to Employment Agreement
 
 
Exhibit 10.1
 
March 25, 2002
 
Mr. Alex Yemenidjian
c/o Metro-Goldwyn-Mayer Inc.
2500 Broadway Street
Santa Monica, CA 90404
 
Dear Mr. Yemenidjian:
 
Kindly refer to the Employment Agreement dated as of April 28, 1999 (the “Employment Agreement”) between you (“Executive”) and Metro-Goldwyn-Mayer Inc. (the “Company”).
 
Effective as of the date hereof, the Company and Executive mutually agree to amend the Employment Agreement as follows:
 
1. The term of the Employment Agreement is hereby extended so that it will now expire April 30, 2007.
 
The word “Term” as used in the Employment Agreement shall be deemed to include the term as hereby extended.
 
2. Except as herein specifically provided, the Employment Agreement shall not be amended in any respect whatsoever and shall continue in full force and effect.
 
If the foregoing is in accordance with your understanding and agreement, please so indicate by signing in the place for your signature below.
 
 
Ve
ry truly yours,
 
METRO-GOLDWYN-MAYER INC.
By:
  
/s/    WILLIAM A. JONES             
   
    William A. Jones
Senior Executive Vice President
 
 
 
 
AGREED:
 
 
/S/    ALEX YEMENIDJIAN
Alex Yemenidjian