Ryman Hospitality Properties, Inc. (the Company) Summary of Director and Executive Officer Compensation

Exhibit 10.28

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 $80,000, 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.

The above-described fiscal 2016 Bonus Amounts were paid pursuant to the Company’s short-term cash incentive compensation program under the Company’s Amended and Restated 2006 Omnibus Incentive Plan. In addition, certain performance-based restricted stock unit awards under the Company’s Amended and Restated 2006 Omnibus Incentive Plan with respect to performance periods ended December 31, 2016 vested on February 26, 2017, as reflected in Form 4 filings made with the SEC.

The following table sets forth the fiscal 2017 bonus targets as a percentage of 2017 base salary set for the Named Executive Officers:

The fiscal 2017 bonuses will be determined based upon the achievement of certain goals and Company performance criteria, and if earned, will be paid pursuant to the Company’s cash bonus program under the Company’s 2016 Omnibus Incentive Plan.

The Named Executive Officers also receive long-term incentive awards, as discussed below, pursuant to the Company’s stockholder-approved equity incentive plans.

On February 22, 2017, the Named Executive Officers were granted the following awards of time-based vesting restricted stock units (vesting ratably over four years beginning on March 15, 2018) and the following awards of performance-vesting restricted stock units for the 2017-2019 performance period (of which up to 150% will vest on March 15, 2020 based on the achievement of designated financial goals), pursuant to the Company’s 2016 Omnibus Incentive Plan.