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The Chip Board Archive 14

BONUSES FOR WYNN EXECS!

From their latest SEC filings. Must be good to be a WYNNER:

Description of Performance Based Incentive Plan

Bonus Criterion for Calendar Year 2006

The following senior executive officers of Wynn Resorts, Limited (the "Company")
are participants in the Company's Performance Based Incentive Plan for Executive
Officers (the "Incentive Plan") for the fiscal year 2006: Stephen A. Wynn, Chief
Executive Officer; Ronald J. Kramer, President; Marc. D. Schorr, Chief Operating
Officer; John Strzemp, Chief Financial Officer; Linda Chen, President, Wynn
International Marketing and Andrew Pascal, Chief Operating Officer and
President, Wynn Las Vegas, LLC. On March 28, 2006, the Compensation Committee of
the Board of Directors of the Company (the "Compensation Committee") approved
performance criterion applicable to the payment of bonuses for the calendar year
2006 under the Incentive Plan.

The approved performance criterion is an EBITDA target for the Company's Wynn
Las Vegas project.

Achievement of all of the performance objectives could result in maximum bonuses
under the Incentive Plan for Mr. Wynn of 250% of his base salary, for Messrs.
Kramer, Schorr and Pascal and Ms. Chen of 200% of their annual base salary and
for Mr. Strzemp of 100% of his base salary (determined in accordance with the
Incentive Plan). The earned bonus for each executive shall be subject to (i)
downward (but not upward) discretionary adjustments, if any, as determined by
the Compensation Committee, and (ii) any maximum bonus amount set forth in the
Incentive Plan. The Compensation Committee will determine whether the
performance objectives were reached after the end of the calendar year 2006, and
any bonus payments will be made early in 2007.

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These were past SEC filings that interested me!

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