Exhibit 10.1


 


INTERNATIONAL
GAME TECHNOLOGY


Summary
of Named Executive Officer and Director Compensation Arrangements


Exhibit to Form 10Q for the
period ended June 30, 2008


 


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
(including Cash Sharing), 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)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Thomas J.
  Matthews

  	
   

  	
  President, Chief Executive Officer

  	
   

  	
  $840,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Stephen W. Morro

  	
   

  	
  Chief Operating Officer

  	
   

  	
  $600,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  David D. Johnson

  	
   

  	
  Executive Vice President, General Counsel

  	
   

  	
  $525,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Richard
  Pennington

  	
   

  	
  Executive Vice President, Corporate Strategy

  	
   

  	
  $420,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Daniel R.
  Siciliano

  	
   

  	
  Chief Accounting Officer, Treasurer and Principal
  Financial Officer

  	
   

  	
  $263,000

  	
   

  



 


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


 


Directors


 


Annual Retainer


 


a              $65,000 paid in quarterly
installments


a              Prior to the beginning of
each fiscal year, members may elect to receive all or a part of the total
retainer in the form of a restricted stock award


 


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


 


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, and Compliance - $10,000


 


Equity Grants


 


a              Upon election to the board:  20,000 stock options and 5,000 restricted shares
vesting ratably over 3 years


a              Annual grant:  11,000 stock options and 2,750 shares
restricted shares with 1-year vesting