Exhibit 10.32



 Exhibit 10.32 

Ryman Hospitality Properties, Inc. (the “Company”) 

Summary of Director and Executive Officer Compensation 
  

	I.	Director Compensation. Directors who are employees of the Company do not receive additional compensation for serving as directors of the Company. The following table sets forth current rates of cash compensation
for the Company’s non-employee directors. 

  

					
	 Retainer
	  	2016	 
	 Board retainer
	  	$	60,000	  
	 Lead Non-Management Director retainer
	  	$	30,000	  
	 Audit chair retainer
	  	$	25,000	  
	 Human Resources chair retainer
	  	$	20,000	  
	 Nominating and Corporate Governance chair retainer
	  	$	15,000	  
	 Human Resources/Nominating and Corporate Governance member retainer
	  	$	7,500	  
	 Audit member retainer
	  	$	10,000	  

 Non-employee directors may elect payment in cash or may defer this portion of their compensation and receive
restricted stock units pursuant to the Company’s Amended and Restated 2006 Omnibus Incentive Plan with a value equal to the fees, based on the fair market value of the Company’s common stock on the date of issuance. Such restricted stock
units will be deferred until a specified date or the end of the director’s service on the Board of Directors. All directors are reimbursed for expenses incurred in attending meetings. 

In addition, as of the date of our board meeting following our annual meeting of stockholders, each non-employee director will receive an
annual grant of restricted stock units having a dollar value of $80,000, based on the fair market value of the Company’s common stock on the date of grant. The restricted stock units vest fully on the first anniversary of the date of grant,
pursuant to the Company’s Amended and Restated 2006 Omnibus Incentive Plan, unless deferred by the director until either a specified date or the end of the director’s service on the Board of Directors. Directors will not receive fees for
attending meetings. 
  

	II.	Compensation of Named Executive Officers. The following table sets forth the 2016 annual base salaries and the fiscal 2015 performance bonuses provided to the Company’s Chief Executive Officer, the
Company’s Chief Financial Officer and the three other most highly compensated executive officers to be named in the Company’s proxy statement to be filed in connection with the 2016 annual meeting of stockholders (the “Named Executive
Officers”). 

  

									
	 	  	2016 Salary	 	  	Fiscal 2015
Bonus Amount	 
	 Colin V. Reed
	  	$	850,000	  	  	$	1,500,000	  
	 Mark Fioravanti
	  	$	500,000	  	  	$	600,000	  









									
	 Bennett Westbrook
	  	$	335,500	  	  	$	300,000	  
	 Patrick Chaffin
	  	$	300,000	  	  	$	275,000	  
	 Scott Lynn
	  	$	300,000	  	  	$	275,000	  

 The above-described fiscal 2015 Bonus Amounts were paid pursuant to the Company’s cash bonus program
under the Company’s Amended and Restated 2006 Omnibus Incentive Plan. In addition, certain performance-based restricted stock unit awards under the Company’s Amended and Restated 2006 Omnibus Incentive Plan with respect to performance
periods ended December 31, 2015 vested, as reflected in Form 4 filings made with the SEC. 
 The following table sets forth the fiscal 2016
bonus targets as a percentage of 2016 base salary set for the Named Executive Officers: 
  

													
	 	  	Threshold	 	 	Target	 	 	Maximum	 
	 Colin V. Reed
	  	 	75	% 	 	 	150	% 	 	 	300	% 
	 Mark Fioravanti
	  	 	62.5	% 	 	 	125	% 	 	 	250	% 
	 Bennett Westbrook
	  	 	50	% 	 	 	100	% 	 	 	200	% 
	 Patrick Chaffin
	  	 	50	% 	 	 	100	% 	 	 	200	% 
	 Scott Lynn
	  	 	50	% 	 	 	100	% 	 	 	200	% 

 The fiscal 2016 bonuses will be determined based upon the achievement of certain goals and Company performance
criteria, and if earned, will be paid pursuant to the Company’s cash bonus program under the Company’s Amended and Restated 2006 Omnibus Incentive Plan. 

The Named Executive Officers also receive long-term incentive awards, as discussed below, pursuant to the Company’s stockholder-approved
equity incentive plans. 
 On February 24, 2016, the Named Executive Officers were granted the following awards of time-based vesting
restricted stock units (vesting ratably over four years beginning on March 15, 2017) and the following awards of performance-vesting restricted stock units for the 2016-2018 performance period (of which up to 150% will vest on March 15, 2019 based
on the achievement of designated financial goals), pursuant to the Company’s Amended and Restated 2006 Omnibus Incentive Plan. 
  

									
	 	  	Time-Based
RSUs	 	  	Performance-Based
RSUs	 
	 Colin V. Reed
	  	 	21,952	  	  	 	23,850	  
	 Mark Fioravanti
	  	 	7,748	  	  	 	8,418	  
	 Bennett Westbrook
	  	 	3,466	  	  	 	3,765	  
	 Patrick Chaffin
	  	 	3,099	  	  	 	3,367	  
	 Scott Lynn
	  	 	3,099	  	  	 	3,367	  

  

	III.	Additional Information. The foregoing information is summary in nature. Additional information regarding the compensation of directors and named executive officers may be provided in the Company’s filings
with the SEC, including the proxy statement to be filed in connection with the 2016 annual meeting of stockholders.