Summary of 2006 Bonus Award Schedule for Chairman and CEO of Pinnacle Entertainment, Inc.
This document outlines the 2006 bonus awards for Daniel R. Lee, Chairman of the Board and Chief Executive Officer of Pinnacle Entertainment, Inc. Mr. Lee is to receive a cash bonus of $656,250 and a deferred bonus of $656,250. The deferred bonus will be paid out in three equal installments over three years, with one-third paid on each anniversary of the bonus payment date.
EXHIBIT 10.1
SUMMARY OF 2006 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 2006 as a cash bonus and a deferred bonus as permitted under Mr. Lee’s employment agreement:
| Name and Title | 2006 Cash Bonus | 2006 Deferred Bonus | ||||
| Daniel R. Lee Chairman of the Board and Chief Financial Officer | $ | 656,250 | $ | 656,250 | ||
The deferred bonus will be deferred and paid over three years, one-third on each anniversary of such year’s bonus payment date.
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