ex10-4.htm


    Exhibit 10.4

    
      


      INTERNATIONAL
GAME TECHNOLOGY

      Summary
of Named Executive Officer and Director Compensation Arrangements as of January
31, 2010

      Exhibit
to Form 10Q for period ended December 31, 2009

      


      Executive
Officers

       

      In
addition to the annual base salaries noted in the table below, compensation
arrangements for our executive officers include benefits paid under any
applicable employment contracts, other IGT Plans for Management Bonus, Stock
Incentives, Profit Sharing, and Deferred Compensation as more fully described in
exhibits to our annual report on Form 10-K or interim quarterly Form 10-Q filed
with the SEC.  These individuals also receive certain perquisites as
explained in our annual proxy statement.  Except for employment
contracts that are on file with the SEC, these are at-will employment
arrangements.

       

      
        
          	 
      	 
      	 
      	 
      	
                  Base

                
	
                  Name

                	 
      	
                  Title

                	 
      	
                  Salary
      (1)

                
	 
      	 
      	 
      	 
      	 
      
	
                  Patti
      S. Hart

                	 
      	
                  President,
      Chief Executive Officer

                	 
      	
                   $  800,000

                
	 
      	 
      	 
      	 
      	 
      
	
                  Paulus
      Karskens

                	
                  President,
      Global Business Development

                	 
      	
                   $  599,855

                
	 
      	 
      	 
      	 
      	 
      
	
                  Anthony
      Ciorciari

                	 
      	
                  Executive
      Vice President Global Operations

                	 
      	
                   $  332,000

                
	 
      	 
      	 
      	 
      	 
      
	
                  Patrick
      W. Cavanaugh

                	
                  Executive
      Vice President, Chief Financial Officer, Treasurer

                	
                   $  300,000

                


        

      

       

      (1)
Amounts reported in our proxy statement may vary depending on the timing of the
pay period during the fiscal year

      


      Directors

       

      Annual
Retainer

       

      
        	
                 
      

              	
                a

              	
                $65,000
      for all Non-Employee Directors, paid in quarterly
    installments

              


      

       

      
        	
                 
      

              	
                a

              	
                Additional
      $120,000 for Non-Employee Director who serves as Chair of the Board of
      Directors

              


      

       

      Additional
Annual Retainer for Board Committee Members (payable in quarterly
installments)

       

      
        	
                 
      

              	
                a

              	
                Chair:  Audit
      - $35,000; Compensation, Nominating & Corporate Governance, and
      Compliance - $20,000

              


      

       

      
        	
                 
      

              	
                a

              	
                Member:
      Audit - $17,500; Compensation, Nominating & Corporate Governance,
      Compliance, Special Committee -
$10,000

              


      

       

      Board and
Committee Meeting Fees

       

      
        	
                 
      

              	
                a

              	
                Board
      - $1,500 per meeting attended after 8 meetings have been held and
      attended

              


      

       

      
        	
                 
      

              	
                a

              	
                Audit
      - $1,500 per meeting attended after 10 meetings have been held and
      attended

              


      

       

      
        	
                 
      

              	
                a

              	
                Compensation,
      Nominating & Corporate Governance, and Compliance - $1,500 per meeting
      attended after 4 meetings have been
held.

              


      

       

      Equity
Grants

       

      
        	
                 
      

              	
                a

              	
                Upon
      election to the board: 20,000 stock options and 5,000 restricted shares
      vesting ratably over three years

              


      

       

      
        	
                 
      

              	
                a

              	
                Annual
      grant: 11,000 stock options and 2,750 shares restricted shares with one
      year vesting