IMAX extends legal chief Lister’s contract to 2029
IMAX CORP (IMAX) amended the employment agreement of Chief Legal Officer and Senior Executive Vice President Robert D. Lister.
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Rhea-AI Filing Summary
IMAX CORP (IMAX) amended the employment agreement of Chief Legal Officer and Senior Executive Vice President Robert D. Lister. The third amendment extends his agreement’s term to December 31, 2029, with compensation and severance terms unchanged from prior disclosures.
The amendment clarifies equity treatment. If IMAX terminates Mr. Lister for cause or he resigns without Good Reason before December 31, 2029, all granted but unvested equity awards are cancelled without consideration. However, if he resigns after giving at least six months’ written notice, or if his employment ends after December 31, 2029 because IMAX does not offer to continue his employment on substantially similar terms, all unvested equity awards as of that date will, under the LTIP’s Service Factor provision, continue to vest on the original schedule, with PSUs remaining subject to their original performance conditions.
8-K Event Classification
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Key Terms
Good Reason financial
performance stock units financial
Service Factor financial
Long-Term Incentive Plan financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive employment change did IMAX (IMAX) announce for Robert D. Lister?
How long is Robert D. Lister’s employment with IMAX (IMAX) now extended?
What happens to Robert D. Lister’s unvested equity if IMAX (IMAX) terminates him for cause?
How are Robert D. Lister’s unvested equity awards treated if he resigns with notice at IMAX (IMAX)?
What if IMAX (IMAX) does not offer Robert D. Lister continued employment after 2029?
Did IMAX (IMAX) change Robert D. Lister’s compensation or severance terms?
AI-generated analysis. How Rhea-AI works. Not financial advice.