Las Vegas Sands Corp.
Las Vegas Sands CFO's Employment Agreement Amended
Summary
On January 25, 2024, Las Vegas Sands Corp. amended the employment agreement of its Executive Vice President and Chief Financial Officer, Randy A. Hyzak. The amendment, effective January 1, 2024, extends his employment term until December 31, 2029, and introduces new compensation terms including a target annual cash bonus of 150% of his base salary and a target annual restricted stock unit award of 175% of his base salary. Additionally, upon termination under specified conditions, Mr. Hyzak will receive separation payments and benefits, including cash severance paid over twelve months. The amendment also includes provisions for non-disparagement, non-competition, non-solicitation, confidentiality, and intellectual property.
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About Las Vegas Sands Corp.
Las Vegas Sands Corp. is a leading developer and operator of world-renowned integrated resorts. The company's primary function is to create and manage properties that combine upscale hotels, state-of-the-art convention and exhibition facilities, and top-tier entertainment options. These resorts particularly cater to the corporate hospitality sector, offering expansive meeting and conference spaces that attract international business tourism. Las Vegas Sands Corp. has a significant presence in the Asia-Pacific and United States regions, owning landmark properties such as The Venetian and The Palazzo on the Las Vegas Strip and Marina Bay Sands in Singapore. The company's focus on luxury and comprehensive hospitality services underscores its impact on the travel and leisure industry. With a commitment to sustainability and innovation, Las Vegas Sands Corp. plays a vital role in shaping the future of global tourism and hospitality, contributing substantially to the economic development of the regions where it operates.
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