Compensatory Arrangements with Certain ExecutiveOfficers

EX-10.25 7 a2168383zex-10_25.htm EXHIBIT 10.25

Exhibit 10.25

 

Compensatory Arrangements with Certain Executive Officers

 

Set forth below are the 2006 salaries of the named executive officers and the discretionary cash bonuses paid to the named executive officers for performance in 2005:

 

Name and Title

 

Salary for Fiscal
2006

 

Cash Bonus for
Fiscal 2005(1)

 

 

 

 

 

 

 

Peter M. Carlino
Chairman and Chief Executive Officer

 

$

1,400,000

 

$

1,000,000

 

 

 

 

 

 

 

Kevin G. DeSanctis
President and Chief Operating Officer

 

$

1,000,000

 

$

850,000

 

 

 

 

 

 

 

Leonard M. DeAngelo
Executive Vice President of Operations

 

$

585,000

 

$

500,000

 

 

 

 

 

 

 

William J. Clifford
Senior Vice President-Finance and Chief Financial Officer

 

$

585,000

 

$

500,000

 

 

 

 

 

 

 

Jordan B. Savitch
Senior Vice President and General Counsel

 

$

390,000

 

$

260,000

 

 

(1)                                  The bonuses granted were based on the Company’s overall performance, including its earnings, in 2005 and well as the executives’ individual performance in 2005.