Las Vegas Sands said it entered into a first amendment to the employment agreement with Randy A. Hyzak, its Executive Vice President and Chief Financial Officer, on January 25, 2024. The amendment is effective as of January 1, 2024 and sets an employment term that expires on December 31, 2029.

1. 01

   Las Vegas Sands said it entered into a first amendment to the employment agreement with Randy A. Hyzak, its Executive Vice President and Chief Financial Officer, on January 25, 2024. The amendment is effective as of January 1, 2024 and sets an employment term that expires on December 31, 2029.

2. 02

   The company said Hyzak will be eligible from 2024 for a target annual cash bonus opportunity equal to 150% of his base salary and a target annual restricted stock unit award opportunity equal to 175% of his base salary.

3. 03

   The company said Hyzak will be eligible, upon a termination without cause or for good reason and subject to his signing a release of claims, to receive cash severance paid over 12 months equal to the sum of his base salary and target annual cash bonus.

4. 04

   The company said the amendment includes a perpetual non-disparagement covenant, and that Hyzak’s existing one-year non-competition and non-solicitation covenants of 1 years and perpetual confidentiality and intellectual property covenants will continue to apply.

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Original filing

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