Amendment to Employment Agreement Performance Award Terms between Six Flags Entertainment Corporation and Certain Executives

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Summary

Six Flags Entertainment Corporation and certain executives, including James Reid-Anderson, Al Weber, Jr., John M. Duffey, and Lance C. Balk, agree to amend the performance award terms in their employment agreements. The amendment changes the language in the vesting section to use "adjusted target EBITDA" instead of "the adjusted EBITDA achieved" for 2012 performance awards under the company's Long-Term Incentive Plan. This change clarifies how performance is measured for vesting purposes.

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EX-10.(KKKK) 3 a2202589zex-10_kkkk.htm EX-10(KKKK)
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Exhibit 10(kkkk)

Form of Amendment by and between Six Flags Entertainment Corporation Certain Executives—James
Reid-Anderson, Al Weber, Jr., John M. Duffey and Lance C. Balk

        Six Flags Entertainment Corporation ("Company") and                                ("Executive") hereby agree to amend [Exhibit C][Exhibit B] to the [amendment to the] employment agreement dated as of [August 12, 2010] [September 7, 2010] by and between the Company and Executive to substitute the words "adjusted target EBITDA" for the words "the adjusted EBITDA achieved" in subsection "2012 EBITDA" of the "Normal Vesting" section of the "Vesting" portion of [Exhibit C][Exhibit B]. [Exhibit C][Exhibit B], as hereby amended, sets forth the terms of a performance award under the Six Flags Entertainment Corporation Long-Term Incentive Plan.

  SIX FLAGS ENTERTAINMENT CORPORATION

 

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    Exhibit 10(kkkk)
Form of Amendment by and between Six Flags Entertainment Corporation Certain Executives—James Reid-Anderson, Al Weber, Jr., John M. Duffey and Lance C. Balk