Employment Agreement between Reading International, Inc. and Jay S. Laifman

Contract Categories: Human Resources › Employment Agreements
Summary

Reading International, Inc. offers Jay S. Laifman the full-time position of General Counsel, reporting to James Cotter, with an annual salary of $265,000, a $100,000 stock grant vesting over two years, and an $18,000 annual travel allowance. If the company is sold and Jay does not continue after the sale, he will receive one year’s salary as severance. The agreement includes standard health and other benefits. The offer is valid for two weeks from June 3, 2008.

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EX-10.76 2 exhibit10_76.htm EXHIBIT 10.76 - EMPLOYMENT AGREEMENT JAY LAIFMAN exhibit10_76.htm
EXHIBIT 10.76
 
 
Dated as of June 3, 2008
 
Reading International, Inc. hereby offers to Jay S. Laifman the full time position of General Counsel reporting to James Cotter under the following terms:
 
 
Salary:
$265,000.00 per annum

 
Stock Grant:
$100,000, at the stock price on the day of acceptance, vesting 50% on the one year anniversary of acceptance, 50% on the second year
 
 
Travel Allowance:
$18,000 per year reimbursement

 
Change in Control:
If company is sold and Jay does not continue with the company after the sale, at his option or the company’s, he will be paid one year’s salary as severance

 
Start Date:
To be determined upon acceptance of offer

 
Benefits:
Health and others as provided

This offer is irrevocable for a period of two weeks.

Reading International, Inc.

By:           /s/ James J. Cotter


Accepted:             /s/ Jay S. Laifman
Date:                      June 5, 2008