Summary of 2007 Bonus Award Schedule for Daniel R. Lee, Pinnacle Entertainment, Inc.
This document outlines the 2007 bonus awarded to Daniel R. Lee, Chairman of the Board and Chief Executive Officer of Pinnacle Entertainment, Inc. Mr. Lee received a cash bonus of $513,292.50 and a deferred bonus of $219,982.50. The deferred portion will be paid out over three years, with one-third paid on each anniversary of the bonus payment date, in accordance with his employment agreement.
EXHIBIT 10.64
SUMMARY OF 2007 BONUS AWARD SCHEDULE
The following summarizes the amounts awarded to the Chairman of the Board and Chief Executive Officer of Pinnacle Entertainment, Inc. (the “Company”), Daniel R. Lee, for 2007 as a bonus. A portion of the bonus was deferred as permitted by and under the terms of Mr. Lee’s employment agreement:
| Name and Title | 2007 Cash Portion of Bonus | 2007 Deferred Portion of Bonus | ||||
| Daniel R. Lee, Chairman of the Board and Chief Financial Officer | $ | 513,292.50 | $ | 219,982.50 | ||
The deferred portion of the bonus will be deferred and paid over three years, one-third on each anniversary of such year’s bonus payment date.
