MGM Resorts enters employment agreement with Chief Legal & Admin Officer John McManus through 2029

MGM Resorts International

Base salary $1M, target bonus 150% of base, annual equity target $2.5M (50% PSUs, 50% RSUs).
Term from Jan 1, 2026 to Dec 31, 2029; at-will after term.
Severance: if terminated without cause, receives salary + target bonus as 12 monthly payments plus COBRA.
Non-compete for 12 months post-termination; confidentiality and non-solicitation obligations.
Incremental bonus over 150% target paid as deferred RSUs over 3 years.

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