TERMINATION AGREEMENT
THIS TERMINATION AGREEMENT ("Agreement") is made and
entered into as of this ___ day of November, 1998, by and between
IMAGE ENTERTAINMENT, INC., a California Corporation ("Image"),
and ___________________________, an individual ("Executive").
WHEREAS, Executive acknowledges that Image has given
Executive an opportunity, which he/she has had adequate time to
consider, to terminate Executive's arrangement now or as of June
30, 1999 with Image free and clear of any obligations and without
affecting adversely or affirmatively any rights of Executive or
duties of Image under the existing Employment Agreement between
Image and Executive dated July 1, 1994, as amended through July
1, 1997 (the "Existing Employment Agreement"); and
WHEREAS, Executive has rejected the opportunity and
elected to remain in the employ of Image; and
WHEREAS, upon this Agreement becoming effective,
Executive will have an opportunity but will not be required to
enter into a new Employment Agreement as of July 1, 1998 on
substantially the terms reflected in a form reviewed by
Executive, if he/she elects to terminate the Existing Employment
Agreement; and
WHEREAS, Executive anticipates continuing in the employ
of Image on the terms and conditions to be set forth in the new
Employment Agreement which shall supersede and replace in its
entirety the Existing Employment Agreement.
NOW, THEREFORE, for valid consideration receipt of
which is hereby acknowledged, the parties hereto agree to
terminate all rights and obligations under the Existing
Employment Agreement, effective as of June 30, 1998.
IMAGE ENTERTAINMENT, INC. EXECUTIVE
By:
------------------------------ --------------------------------
-------------------, an individual
Its:
-----------------------------
--------------------------------
--------------------------------
