Full House Resorts enters new CEO employment agreement with Daniel Lee through 2030

FULL HOUSE RESORTS INC

Base salary $700,000/year; annual bonus target 100% of base (up to 175%) based on Adjusted EBITDA targets ($50M threshold, $65M target, $80M ceiling for 2025).
Milestone bonuses: $300,000 each for refinancing principal debt by Mar 2027 and for relocating Rising Star Casino license in Indiana.
Long-term incentive grants equal 100% of base salary annually; restricted stock vests on 3-year compound growth: 10% Adjusted EBITDA and 12% Free Cash Flow Per Share targets for 2025.
Severance: if terminated without cause (or for good reason), one year base salary plus target bonus; change in control yields two years base plus two times prior bonus, full equity vesting.
After 2 years, Lee can elect transition to Executive Chairman at 60% compensation; if Board fails to appoint, remains CEO or becomes consultant with one-year severance.

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