2007 Executive Compensation Arrangements for Named Officers
This document outlines the 2007 annual salaries and 2006 discretionary cash bonuses for the company's top executive officers, including the CEO, CFO, and other senior leaders. The bonuses were awarded based on both the company's overall performance and the individual achievements of each executive during 2006. The agreement specifies the compensation amounts for each named officer for the relevant fiscal years.
Exhibit 10.26
Compensatory Arrangements with Certain Executive Officers
Set forth below are the 2007 salaries of the named executive officers and the discretionary cash bonuses paid to the named executive officers for performance in 2006:
| Name and Title |
| Salary for Fiscal |
| Cash Bonus for |
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| Peter M. Carlino Chairman and Chief Executive Officer |
| $ | 1,500,000 |
| $ | 1,400,000 |
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| Leonard M. DeAngelo Executive Vice President of Operations |
| $ | 750,000 |
| $ | 625,000 |
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| William J. Clifford Senior Vice President-Finance and Chief Financial Officer |
| $ | 700,000 |
| $ | 585,000 |
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| Jordan B. Savitch Senior Vice President and General Counsel |
| $ | 405,000 |
| $ | 260,000 |
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| Robert Ippolito Vice President, Secretary and Treasurer |
| $ | 270,000 |
| $ | 182,000 |
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(1) The bonuses granted were based on the Company’s overall performance, including its earnings, in 2006 and well as the executives’ individual performance in 2006.
