IMAX extends Chief Legal Officer Robert Lister employment term to 2029, updates unvested equity forfeiture terms
IMAX•IMAX updates chief legal officer employment and equity terms
- IMAX extended Chief Legal Officer and Senior EVP Robert D. Lister’s employment term to Dec. 31, 2029.
- Unvested equity awards will be canceled if IMAX terminates Lister for cause or he resigns without Good Reason before that date.
- Equity can keep vesting on the original schedule if he resigns with at least six months’ written notice, including PSUs subject to performance conditions.
- If IMAX does not offer substantially similar terms beyond Dec. 31, 2029, unvested equity will continue vesting under the LTIP service-factor provision.
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