Summary of Director and Executive Officer Compensation

Exhibit 10.27

Ryman Hospitality Properties, Inc. (the “Company”)

Summary of Director and Executive Officer Compensation

​

Non-employee directors may elect payment in cash or may defer this portion of their compensation and receive restricted stock units pursuant to the Company’s 2016 Omnibus Incentive Plan with a value equal to the fees, based on the fair market value of the Company’s common stock on the date of issuance. Such restricted stock units will be deferred until a specified date or the end of the director’s service on the Board of Directors. All directors are reimbursed for expenses incurred in attending meetings.

In addition, as of the date of our board meeting following our annual meeting of stockholders, each non-employee director will receive an annual grant of restricted stock units having a dollar value of $95,000, based on the fair market value of the Company’s common stock on the date of grant. The restricted stock units vest fully on the first anniversary of the date of grant, pursuant to the Company’s 2016 Omnibus Incentive Plan, unless deferred by the director until either a specified date or the end of the director’s service on the Board of Directors. Directors will not receive fees for attending meetings. 

​

​

No annual cash incentives were earned or paid based on our financial performance pursuant to the Company’s short-term cash incentive compensation program under the Company’s 2016 Omnibus Incentive Plan for the

2020 fiscal year. The NEOs were awarded the discretionary cash bonus amounts listed above for 2020 in recognition of their efforts to stabilize the Company’s businesses and financial condition following the outbreak of the COVID-19 pandemic. In addition, the following amounts of 2020 base salary, which were voluntarily forgone by each NEO in 2020, will be paid to each NEO as follows: Mr. Reed: $415,385; Mr. Fioravanti: $82,000; Mr. Chaffin: $63,462; Mr. Lynn: $54,173; and Ms. Hutcheson: $52,308.

Certain performance-based restricted stock unit awards under the Company’s 2016 Omnibus Incentive Plan with respect to performance periods ended December 31, 2020 will vest on March 15, 2021, as will be reflected in Form 4 filings to be made with the SEC.

The following table sets forth the fiscal 2021 cash incentive compensation targets as a percentage of 2021 base salary set for the NEOs:

The fiscal 2021 bonuses will be determined based upon the achievement of a combination of certain financial goals and designated strategic objectives, and, if earned, will be paid pursuant to the Company’s cash incentive compensation program under the Company’s 2016 Omnibus Incentive Plan.

On February 25, 2021, as part of an annual grant to designated management-level employees, including the NEOs, the NEOs received the following long-term incentive awards pursuant to the Company’s stockholder-approved equity incentive plans:

​

The long-term incentive awards to each NEO were as follows:

​

​