Summary of Accelerated Payment of Prior-Years’ Deferred Bonuses for Pinnacle Entertainment, Inc. Executive Officers
Pinnacle Entertainment, Inc. has accelerated the payment of previously deferred bonuses for its named executive officers, as listed in the company's 2009 proxy statement. The agreement details the amounts owed from 2006, 2007, and 2008, with all unpaid bonuses scheduled to be paid by December 31, 2009. The officers receiving these payments include Stephen H. Capp, John A. Godfrey, Alain Uboldi, and Carlos Ruisanchez. This schedule ensures that all outstanding deferred bonuses from prior years will be settled within the specified timeframe.
Exhibit 10.1
SUMMARY OF PAYMENT OF PRIOR-YEARS’ DEFERRED BONUSES SCHEDULE
The following summarizes the unpaid deferred bonuses awarded in prior years for which payment has been accelerated to the persons disclosed as named executive officers in Pinnacle Entertainment, Inc.’s 2009 proxy statement. All unpaid deferred bonuses are expected to be paid on or prior to December 31, 2009.
| Total Prior | ||||||||||||||||
| Years’ Unpaid | ||||||||||||||||
| 2006 Unpaid | 2007 Unpaid | 2008 Unpaid | Deferred Bonuses | |||||||||||||
| Name and Title | Deferred Bonus | Deferred Bonus | Deferred Bonus | to be Paid in 2009 | ||||||||||||
Stephen H. Capp, Executive Vice President and Chief Financial Officer | $ | 37,500.00 | $ | 79,166.66 | $ | 112,500.00 | $ | 229,166.66 | ||||||||
John A. Godfrey, Executive Vice President, General Counsel and Secretary | $ | 27,083.33 | $ | 58,333.34 | $ | 90,000.00 | $ | 175,416.67 | ||||||||
Alain Uboldi, Chief Operating Officer | $ | 28,333.33 | $ | 60,833.34 | $ | 99,000.00 | $ | 188,166.67 | ||||||||
Carlos Ruisanchez, Executive Vice President of Strategic Planning and Development | (1 | ) | (1 | ) | $ | 22,500.00 | $ | 22,500.00 | ||||||||
| (1) | Mr. Ruisanchez was not employed by Pinnacle Entertainment, Inc. in 2006 and 2007. |
