EX-10.1



 Exhibit 10.1 

EXECUTION VERSION 

EMPLOYMENT AGREEMENT 

(James J. Murren) 
 This Employment
Agreement (this “Agreement”) is entered into as of October 3, 2016 (the “Effective Date”), by and between MGM Resorts International (“Employer”, “Company”, “we” or “us”), and James J.
Murren (“Employee” or “you”). 
  

	1.	Employment. We hereby employ you, and you hereby accept employment by us, as Chairman of the Board of Directors and Chief Executive Officer of MGM Resorts International to perform such executive, managerial or
administrative duties as we may specify from time to time during the Employment Term (as defined in Section 2) and which are consistent with your being the most senior executive of Employer. In construing the provisions of this Agreement, the term
“Employer”, “we” or “us” includes all of our subsidiary, parent and affiliated companies, but specifically excludes Tracinda Corporation, its stockholder or stockholders, and its subsidiaries. You will be employed at
the Company’s principal executive offices in Las Vegas, Nevada. 

  

	2.	Term. The term of your employment under this Agreement commences on the Effective Date and it terminates on December 31, 2021 (the “Employment Term”). This Agreement replaces and supersedes in all
respects the Employment Agreement between you and us dated April 6, 2009 (the “2009 Prior Agreement”), and the Employment Agreement between you and us dated November 5, 2012 (the “2012 Prior Agreement” and, together with the 2009
Prior Agreement, the “Prior Agreements”), except that your compensation and benefits for the period ending December 31, 2016 and all equity awards granted to you prior to December 31, 2016 (other than any New Equity Awards, as defined in
Section 23, or any restricted stock units described in Section 3.4.5) shall continue to be governed by Section 3 and Section 10 of the 2012 Prior Agreement, and certain provisions of the Prior Agreements are referenced herein for purposes of
complying with payment timing rules under Section 409A (as defined in Section 25). 

  

	3.	Compensation and Benefits. 

  

	 	3.1	Base Salary. During the Employment Term, we shall pay you a minimum annual salary of $2,000,000 (“Base Salary”), payable in arrears at such frequencies and times as we pay our other employees.


  

	 	3.2	 Bonuses. You shall be entitled to an annual bonus (“Bonus”) determined under our Amended and
Restated Annual Performance-Based Incentive Plan for Executive Officers, or any successor plan, as may be amended from time to time (the “Bonus Plan”) for any fiscal year ending during the Employment Term. Your target bonus for each of
fiscal years 2017-2021 will be equal to 200% of your Base Salary up to a maximum Bonus of 175% of your target bonus. Except as otherwise provided in Sections 10.2 and 10.3, any Bonus under this Section 3.2 shall be paid at such time as we pay
Bonuses under the Bonus Plan to our other senior executives with respect to such fiscal year, but not earlier than January 1 or later than March 15 of the year 



  
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immediately following the end of each fiscal year; provided that beginning with any Bonus payable in respect of services performed for fiscal year 2017 or thereafter, to the extent any such Bonus
is in excess of 100% of your Base Salary at the beginning of such fiscal year (such excess portion, the “Excess Bonus Amount”), the Excess Bonus Amount shall (i) up to your target bonus, be payable sixty-seven percent (67%) in the form of
fully vested performance share units (with the balance in cash) and (ii) in excess of your target bonus, be payable thirty-three percent (33%) in the form of fully vested performance share units (with the balance in cash). Any such performance share
units will be granted as of the Bonus Determination Date pursuant to the terms of our Amended and Restated 2005 Omnibus Incentive Plan, as amended from time to time (the “Omnibus Plan”). The target number of performance share units will
have an Accounting Value equal to the applicable percentage of the Excess Bonus Amount on the Bonus Determination Date. Performance share units will be paid in shares of our common stock upon the earlier to occur of (i) a Change of Control, so long
as such Change of Control complies with Section 409A or (ii) the end of the performance share unit performance period. 

 In recognition of
your position as Employer’s most senior executive, your eligibility for participation in the Bonus Plan shall be at a higher level than any other executive officer of Employer. Any such Bonus shall be structured to comply with Section 162(m) of
the Internal Revenue Code of 1986, as amended, and the Treasury Regulations promulgated thereunder (the “Code”) unless otherwise determined by the Compensation Committee, and shall be based on performance criteria developed by the
Compensation Committee in consultation with you while you are employed as Employer’s Chief Executive Officer. Any such Bonus shall be subject to the Policy on Recovery of Incentive Compensation in Event of Financial Restatement, as may be
amended by the Company from time to time in its discretion, and any other clawback policies as may be adopted from time to time, including but not limited to for the purpose of complying with the Dodd-Frank Wall Street Reform and Consumer Protection
Act of 2010 and regulations thereunder promulgated by the Securities Exchange Commission. You may be eligible to receive additional bonuses as determined by us in our sole and absolute discretion. 

 

	 	3.3	[Intentionally Omitted]. 

  

	 	3.4	Equity Awards. 

  

	 	3.4.1	[Intentionally Omitted]. 

  

	 	3.4.2	[Intentionally Omitted]. 

  

	 	3.4.3	[Intentionally Omitted]. 

  

	 	3.4.4	[Intentionally Omitted]. 

  

	 	3.4.5	 You shall be granted pursuant to the Omnibus Plan an equity award in October 2016 with an aggregate grant-date
Accounting Value targeted at $2,000,000, one hundred percent (100%) of which shall be in the form of 



  
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	 	restricted stock units that are subject to the terms set forth in the applicable award agreements approved by the Compensation Committee substantially in the form attached as Appendix A hereto. 


 

	 	3.4.6	You shall be eligible for annual equity awards in 2017, 2018, 2019, 2020 and 2021 in forms and amounts determined by the Compensation Committee in its discretion. It is our present expectation that such annual awards
will have an aggregate grant-date Accounting Value targeted at $6,000,000. These and any other equity awards granted on or after the Effective Date shall be subject to such terms as the Compensation Committee may determine in its discretion.


  

	 	3.4.7	In the event you remain employed by us through the end of the Employment Term and we have not entered into a new employment agreement with you and your employment with us terminates following December 31, 2021 (i) as a
result of your death or Disability (as defined in Section 23), any New Equity Awards shall vest and be paid in accordance with Section 10.4.4 or (ii) (a) as a result of your Retirement (as defined in Section 23), (b) by the Company without
Employer’s Good Cause (as defined in Section 23), or (c) by you for Employee’s Good Cause (as defined in Section 23), any New Equity Awards that have been outstanding for at least one year prior to the date of such event shall vest in
full, but otherwise continue to be subject to the terms of Section 10.4.4, including with respect to their payment schedule, forfeiture in connection with any material breach of any of the covenants and agreements contained in Section 8, and any
performance criteria or performance requirements applicable to New Equity Awards of PSUs). For the avoidance of doubt, if you remain employed through the end of the Employment Term, your annual Bonus for 2021 shall continue to be payable pursuant to
the terms of this Agreement and for purposes of payment of such 2021 annual Bonus any termination of your employment prior to the Bonus Payment Date shall be treated pursuant to the terms of the Agreement as an Accrued Obligation. 


 

	 	3.5	Benefits. You are also eligible to receive generally applicable fringe benefits commensurate with those received by our employees in the most senior executive positions. We will also reimburse you for all
reasonable business and travel expenses you incur in performing your duties under this Agreement, payable in accordance with our customary practices and policies, as we may modify and amend them from time to time (and in accordance with Section 25.4
of this Agreement). Beginning in fiscal year 2013, you will no longer receive an annual payment of $100,000 for your purchase of life insurance or such other uses as you may determine or any gross up payments for associated taxes on health plan
coverage. 

  

	 	3.6	Indemnification. You shall be entitled to indemnification rights and directors and officers liability insurance coverage no less favorable than that provided to other directors and senior executives of Employer
from time to time. 

  

	4.	Extent of Services. You agree that your employment by us is full time and exclusive. You further agree to perform your duties in a competent, trustworthy and businesslike manner. 


  
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	  	You agree that while you are employed by us, you will not render any services of any kind (whether or not for compensation) for any person or entity other than us, and that you will not engage in any other business
activity (whether or not for compensation) that is similar to or conflicts with your duties under this Agreement, without the approval of the Board of Directors or the person or persons designated by the Board of Directors to determine such matters.
Subject to the above-referenced discretion of the Board of Directors, it is understood that you may continue to serve in the capacities specified on Exhibit B hereto. In addition, subject to Section 8, you may make and manage personal and family
investments, deliver lectures and engage in civic and community activities; provided that these activities shall not conflict with the first two sentences of this Section 4 and, in the case of engaging in civic and community activities, you will
notify us in advance of such activities if they might conflict with the restrictions of the first two sentences of this Section 4. 

  

	5.	Policies and Procedures. You agree and acknowledge that you are bound by our policies and procedures as adopted, modified, or amended by us from time to time. As you are aware, problem gaming and underage
gambling can have adverse effects on individuals and the gaming industry as a whole. You acknowledge that you have read and are familiar with our policies, procedures and manuals and agree to abide by them. Because these matters are of such
importance to us, you specifically confirm that you are familiar with and will comply with our policies of prohibiting underage gaming, supporting programs to treat compulsive gambling and promoting diversity in all aspects of our business.


  

	6.	Licensing Requirements. You acknowledge that we are engaged in a business that is or may be subject to and exists because of privileged licenses issued by governmental authorities in Nevada, New Jersey, Michigan,
Mississippi, Illinois, Macau S.A.R., and other jurisdictions in which we are engaged in a gaming business or where we have applied to (or during the Employment Term may apply to) engage in a gaming business. You shall apply for and obtain any
license, qualification, clearance or other similar approval which we or any regulatory authority which has jurisdiction over us requests or requires that you obtain. 


 

	7.	Failure to Satisfy Licensing Requirement. We have the right to terminate your employment under Section 10.1 of this Agreement if: (i) you fail to satisfy any licensing requirement referred to in Section 6 above;
(ii) we are directed to cease business with you by any governmental authority referred to in Section 6 above; (iii) we determine, in our reasonable judgment, that you were, are or might be involved in, or are about to be involved in, any activity,
relationship(s) or circumstance which could or does jeopardize our business, reputation or such licenses; or (iv) any of our licenses is threatened to be, or is, denied, curtailed, suspended or revoked as a result of your employment by us or as a
result of your actions. 

  

	8.	Restrictive Covenants 

  

	 	8.1	Competition. You acknowledge that, in the course of performing your responsibilities under this Agreement, you will form relationships and become acquainted with Confidential Information. You further acknowledge
that such relationships and the Confidential Information are valuable to us, and the restrictions on your future employment contained in this Agreement, if any, are reasonably necessary in order 


  
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 for us to remain competitive in our various businesses. In consideration of this Agreement and
the compensation payable to you under this Agreement, and in recognition of our heightened need for protection from abuse of relationships formed or Confidential Information garnered during your employment with us, you covenant and agree that,
except as otherwise explicitly provided in Section 10 of this Agreement, if you are not employed by us for the entire Employment Term, then during the entire Restrictive Period you shall not directly or indirectly be employed by, provide
consultation or other services to, engage, participate or otherwise be connected in any way (other than through passive ownership of 1% or less of the outstanding voting securities) with any Competitor. You further agree that in the event of any
material breach of your obligations under this Section 8.1, any obligations of Employer under this Agreement will terminate, other than obligations under this Agreement with respect to business or travel expense reimbursements, to the extent accrued
and unpaid as of the termination of your employment, and Accrued Obligations (as defined in Section 10.1). The terms “Confidential Information,” “Restrictive Period” and “Competitor” are defined in Section 23. Your
obligations during the period of your employment with us and the Restrictive Period under this Section 8.1 include but are not limited to the following: 
  

	 	8.1.1	You will not make known to any third party the names and addresses of any of our customers, or any other information pertaining to those customers. 


 

	 	8.1.2	You will not call on, solicit and/or take away, or attempt to call on, solicit and/or take away, any of our customers, either for your own account or for any third party for purposes of competing with the Company.


  

	 	8.1.3	You will not call on, solicit and/or take away, any of our potential or prospective customers, on whom you called or with whom you became acquainted during employment by us (either before or during the Employment Term),
either for your own account or for any third party for purposes of competing with the Company. 

  

	 	8.1.4	You will not approach or solicit (other than general solicitations that are not specifically directed at our employees) any of our employees with a view towards enticing such employee to leave our employ to work for you
or for any third party, or hire any of our employees, without our prior written consent, which we may give or withhold in our sole discretion; provided that, this Section 8.1.4 shall not apply to serving as a reference to such an employee at the
request of such an employee. 

  

	 	8.2	Confidentiality. You further covenant and agree that you will not at any time during or after the Employment Term, without our prior written consent, disclose to any other person or business entities any
Confidential Information or utilize any Confidential Information in any way, including, to the extent it constitutes or uses Confidential Information, any communication with or contact with any of our customers or other persons or entities with whom
we do business, other than (x) in connection with your employment hereunder, (y) as may be required by the lawful 


  
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 order of a court or an agency of competent jurisdiction or (z) in connection with your enforcing
this Agreement or any other written agreement with the Company or defending claims against you or the Company; provided that in each of (x), (y) or (z), to the extent legally permitted, you provide the Company with written notice at least five (5)
business days in advance of such proposed disclosure or utilization. 
  

	 	8.3	Certain Protections. You have the right under federal law to certain protections for cooperating with or reporting legal violations to the SEC and/or its Office of the Whistleblower, as well as certain other
governmental entities and self-regulatory organizations. As such, nothing in this Agreement or otherwise prohibits or limits you from disclosing this Agreement to, or from cooperating with or reporting violations to or initiating communications
with, the SEC or any other such governmental entity or self-regulatory organization, and you may do so without notifying Employer. Employer may not retaliate against you for any of these activities, and nothing in this Agreement or otherwise
requires you to waive any monetary award or other payment that you might become entitled to from the SEC or any other governmental entity or self-regulatory organization. Moreover, nothing in this Agreement or otherwise prohibits you from notifying
Employer that you are going to make a report or disclosure to law enforcement. Notwithstanding anything to the contrary in this Agreement or otherwise, as provided for in the Defend Trade Secrets Act of 2016, you will not be held criminally or
civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (a) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and (ii) solely
for the purpose of reporting or investigating a suspected violation of law; or (b) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Additionally, if you file a lawsuit for
retaliation by Employer for reporting a suspected violation of law, you may disclose the trade secret to your attorney and use the trade secret information in the court proceeding, if you (x) file any document containing the trade secret under seal,
and (y) do not disclose the trade secret, except pursuant to court order. 

  

	 	8.4	Employer’s Property. You hereby confirm that the Confidential Information constitutes our sole and exclusive property (regardless of whether you possessed or claim to have possessed any of such Confidential
Information prior to the date hereof). You agree that upon termination of your employment with us, you will promptly return to us all notes, notebooks, memoranda, computer disks, and any other similar repositories of Confidential Information
(regardless of whether you possessed such Confidential Information prior to the date hereof) containing or relating in any way to the Confidential Information, including but not limited to the documents referred to on Exhibit A hereto. Such
repositories of Confidential Information also include but are not limited to any so-called personal files or other personal data compilations in any form, which in any manner contain any Confidential Information. You may retain (i) papers and other
correspondence of a personal nature, including but not limited, photographs, personal diaries, personal calendars and rolodexes and similar address books, (ii) information showing your equity awards or other compensation, or relating to expense
reimbursements, (iii) compensation information that you reasonably believe may be needed for your own tax purposes and (iv) copies 


  
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 of employee benefit and compensation plans, programs, agreements and other arrangements of the
Company or any of the Company’s affiliates in which you were a participant or covered. 
  

	 	8.5	Notice to Employer. You agree to notify us immediately of any other persons or entities for whom you work or provide services while you are employed by us or within the Restrictive Period (excluding serving on
boards of directors, occasional consulting services for a non-Competitor, and similar activities), and to provide such information as we may reasonably request regarding such work or services during the Restrictive Period within a reasonable time
following such request. If you fail to provide such notice or information, which failure is not cured by you within thirty (30) days after written notice thereof from us, our obligations under this Agreement shall cease, other than Accrued
Obligations. You further agree to promptly notify us, while you are employed by us or within the Restrictive Period, of any contacts made by any Competitor which concern or relate to an offer to employ you or for you to provide consulting or other
services during your employment with us or the Restrictive Period. 

  

	9.	Representation and Additional Agreements. You hereby represent, warrant and agree that: 

  

	 	9.1	The covenants and agreements contained in Sections 4 and 8 above are reasonable in their geographic scope, duration and content; our agreement to employ you and a portion of the compensation and consideration we have
agreed to pay you under Section 3 of this Agreement, are in partial consideration for such covenants and agreements; you agree that you will not raise any issue of the reasonableness of the geographic scope, duration or content of such covenants and
agreements in any proceeding to enforce such covenants and agreements, and such covenants and agreements shall survive the termination of this Agreement and your employment with Employer. 


 

	 	9.2	The enforcement of any remedy under this Agreement will not prevent you from earning a livelihood, because your past work history and abilities are such that you can reasonably expect to find work in other areas and
lines of business. 

  

	 	9.3	The covenants and agreements stated in Sections 4, 6, 7 and 8 of this Agreement are essential for our reasonable protection. 

  

	 	9.4	We have reasonably relied on your representations, warranties and agreements, including those set forth in this Section 9. 

  

	 	9.5	You have the full right to enter into this Agreement and by entering into and performance of this Agreement, you will not violate or conflict with any arrangements or agreements you may have with any other person or
entity. 

  

	 	9.6	 You agree that in the event of your breach of any covenants and agreements set forth in Sections 4 and 8 above,
we may seek to enforce such covenants and agreements through any equitable remedy, including specific performance or injunction, without 



  
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waiving any claim for damages. In any such event, you waive any claim that we have an adequate remedy at law. 


 

	10.	Termination. 

  

	 	10.1	Employer’s Good Cause Termination. We have the right to terminate your employment under this Agreement at any time during the Employment Term for Employer’s Good Cause (as defined in Section 23). Upon
any such termination, we will have no further liability or obligations whatsoever to you under this Agreement, except as provided in this Section 10.1 and with respect to business or travel expense reimbursements accrued and unpaid as of the date of
such termination. In the event of such termination, you will be entitled to receive (i) your Base Salary through the date of such termination (to the extent not previously paid), (ii) any Bonus attributable to our most recently completed fiscal year
to the extent not previously paid (determined in accordance with the Bonus Plan, including the exercise of discretion by the committee administering such Bonus Plan which may reduce or eliminate such Bonus), which shall be granted and/or paid on the
Bonus Determination Date and/or the Bonus Payment Date for the applicable fiscal year, as applicable, (iii) indemnification pursuant to Section 3.6 and (iv) any other amounts or benefits to which you may be entitled in accordance with the terms of
the Company’s benefit, equity or fringe benefit plans, programs and policies in which you participate immediately prior to such termination of employment or the requirements of applicable law ((i) through (iv) above, the “Accrued
Obligations”). Notwithstanding anything to the contrary in this Agreement, if within thirty (30) days after your Retirement, the Board determines that any occurrence set forth in the definition of Employer’s Good Cause has occurred, such
termination shall, at the election of the Board in its discretion, be treated as termination for Employer’s Good Cause for all purposes of this Agreement, so long as Employer provides you with written notice of such determination specifying the
alleged failure or breach no later than the last day of such 30-day period. 

  

	 	10.2	Death. Your employment under this Agreement shall terminate in the event of your death during the Employment Term. Upon any such termination, we will have no further liability or obligations whatsoever to you
under this Agreement, except as provided in this Section 10.2 and with respect to business or travel expense reimbursements accrued and unpaid as of the date of such termination. In the event of such termination, your beneficiary (as designated by
you on our benefit records) will be entitled to receive (i) the benefits and payments under clauses (i), (iii) and (iv) of Accrued Obligations, (ii) your Base Salary for an additional twelve (12) month period following your death, such amount to be
paid at regular payroll intervals, (iii) any Bonus attributable to our most recently completed fiscal year to the extent not previously paid (determined through application of the Bonus formula with respect to such year on a non-discretionary basis
except to the extent all executives who participate in the same bonus arrangement that applies to you are treated in an identical fashion with respect to their Bonuses), which shall be granted and/or paid on the Bonus Determination Date and/or the
Bonus Payment Date for the applicable fiscal year, as applicable, (iv) an additional lump sum cash payment in an amount 


  
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 equal to what your Bonus would have been for the fiscal year in which your death occurs
(determined through application of the Bonus formula with respect to such year on a non-discretionary basis except to the extent all executives who participate in the same bonus arrangement that applies to you are treated in an identical fashion
with respect to their Bonuses), pro rated through the date of your death, which shall be paid on the Bonus Payment Date for the applicable fiscal year and (v) the benefits set forth in Section 10.4.4 below (provided that any outstanding New Equity
Awards shall vest in full, but otherwise continue to be subject to the terms of Section 10.4.4, including with respect to their payment schedule, forfeiture in connection with any material breach of any of the covenants and agreements contained in
Section 8, and any performance criteria or performance requirements applicable to New Equity Awards of PSUs). Additionally, upon any such termination we will pay your beneficiary a lump sum cash payment within 30 days following the date of
termination of your employment, in an amount equal to Employer’s costs for its most recently completed fiscal year of 24 months of continued health insurance coverage provided by us to you immediately prior to such termination date. 

 

	 	10.3	Employer’s Termination Due to Disability. We have the right to terminate your employment under this Agreement at any time during the Employment Term due to your Disability (as defined in Section 23). Upon
any such termination, we will have no further liability or obligations whatsoever to you under this Agreement, except as provided in this Section 10.3 and with respect to business or travel expense reimbursements accrued and unpaid as of the date of
such termination. In the event of Employer’s termination of your employment due to your Disability during the Employment Term, we will pay you or your beneficiary (as designated by you on our benefit records) in the event of your death during
the period in which payments are being made (i) the benefits and payments under clauses (i), (iii) and (iv) of Accrued Obligations, (ii) your Base Salary for an additional twelve (12) month period following the date of such termination, such amount
to be paid at regular payroll intervals, net of payments received by you from any short term disability policy which is either self-insured by us or the premiums of which were paid by us (and not charged as compensation to you), (iii) any Bonus
attributable to our most recently completed fiscal year to the extent not previously paid (determined through application of the Bonus formula with respect to such year on a non-discretionary basis except to the extent all executives who participate
in the same bonus arrangement that applies to you are treated in an identical fashion with respect to their Bonuses), which shall be granted and/or paid on the Bonus Determination Date and/or the Bonus Payment Date for the applicable fiscal year, as
applicable, (iv) an additional lump sum cash payment in an amount equal to what your Bonus would have been for the fiscal year in which termination of employment occurs (determined through application of the Bonus formula with respect to such year
on a non-discretionary basis except to the extent all executives who participate in the same bonus arrangement that applies to you are treated in an identical fashion with respect to their Bonuses), pro rated through the date of such termination,
which shall be paid on the Bonus Payment Date for the applicable fiscal year and (v) the benefits set forth in Section 10.4.4 below (provided that any outstanding New Equity Awards shall vest 


  
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 in full, but otherwise continue to be subject to the terms of Section 10.4.4, including with
respect to their payment schedule, forfeiture in connection with any material breach of any of the covenants and agreements contained in Section 8, and any performance criteria or performance requirements applicable to New Equity Awards of PSUs).
Additionally, upon any such termination we will pay you or your beneficiary a lump sum cash payment within 30 days following the date of termination of your employment, in an amount equal to Employer’s costs for its most recently completed
fiscal year of 24 months of continued health and life insurance coverage provided by us to you immediately prior to such termination date. 
  

	 	10.4	Employer’s No Cause Termination. We have the right to terminate your employment under this Agreement on written notice to you in our sole discretion for any cause we deem sufficient or for no cause, at any
time during the Employment Term. Upon such termination (excluding any termination described in Section 10.1 or Section 10.3), subject to your executing the general release of claims described in Section 10.9 within 30 days following the date of
termination of your employment and contingent upon the expiration of any revocation period provided in such release (provided, that this release requirement shall not be applicable unless the Company delivers an execution version to you within 7
days following your termination of employment), our sole liability to you under this Agreement shall be as follows, except with respect to business or travel expense reimbursements accrued and unpaid as of the date of such termination:



  
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	 	10.4.1	In the event of your termination of employment pursuant to this Section 10.4, you will be entitled to receive (i) the benefits and payments under clauses (i), (iii) and (iv) of Accrued Obligations, (ii) your Base Salary
for an additional twelve (12) month period following the date of such termination, such amount to be paid at regular payroll intervals commencing on the first payroll date following the 40th day
following your termination of employment, (iii) any Bonus attributable to our most recently completed fiscal year to the extent not previously paid (determined through application of the Bonus formula with respect to such year on a non-discretionary
basis except to the extent all senior executives who participate in the same bonus arrangement that applies to you are treated in an identical fashion with respect to their Bonuses), which shall be granted and/or paid on the Bonus Determination Date
and/or the Bonus Payment Date for the applicable fiscal year, as applicable, and (iv) a cash lump sum payment equal to the excess of (x) the product of (A) 1.5 and (B) the sum of your Base Salary at the time of your termination of employment and
your target Bonus for the year of termination (provided, however, that the amount calculated under this clause (x) shall be capped at $8,000,000) over (y) the aggregate amount of the Base Salary payments described in (ii), such lump sum payment to
be paid on the date that is one year following the date of termination of your employment or within ninety (90) days thereafter. You will not be entitled to any pro-rated Bonus for the year in which the termination of employment occurs. Following
your termination of employment, you will not be eligible for flex or vacation time, discretionary bonus, new equity grants, or any other compensation or benefits, except as provided in this Section 10.4. 


 

	 	10.4.2	If we terminate this Agreement without Employer’s Good Cause prior to the expiration of the Employment Term, we will pay you or your beneficiary a lump sum cash payment within 40 days following the date of
termination of your employment, in an amount equal to Employer’s costs for its most recently completed fiscal year of 24 months of continued health, disability and life insurance coverage provided by us to you immediately prior to such
termination date. 

  

	 	10.4.3	Upon any termination of employment pursuant to Section 10.4, you will continue to be bound by the restrictions in Section 8 above. In the event you materially breach any of the covenants and agreements contained in
Section 8, any unpaid cash severance pursuant to Section 10.4.l or 10.4.2 shall immediately cease and shall be forfeited. 

  

	 	10.4.4	Notwithstanding anything to the contrary in the Omnibus Plan, or any successor thereto under which equity awards are granted, or the applicable award agreements, except in the case of the restricted stock units granted
pursuant to Section 3.4.5, (i) with respect to outstanding equity awards other than performance share units, the portion of such equity award(s) that would have become vested with respect to any time-based vesting conditions and/or exercisable
during the two (2) year period following the date of the 


  
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	 	  	termination of employment shall become vested and exercisable and, if applicable, shall be paid on the same schedule determined in the applicable award agreement; provided, however, that such continued
vesting shall immediately cease and any equity award that has not been exercised and/or paid shall be forfeited in the event you materially breach any of the covenants and agreements contained in Section 8 (such “material” qualifier to
apply to all equity grants where such breach provision exists) and (ii) with respect to performance share units, a pro-rata portion of the performance share units, if any, that would have become vested (but for such termination) at the end of the
applicable performance period, determined based on the number of days you were employed during the performance period plus an additional twenty-four (24) months (or, if shorter, through the end of the performance period), shall be paid on the same
schedule set forth in the applicable award agreement; provided, however, that such continued vesting shall immediately cease and any performance share units that have not yet been paid shall be forfeited in the event you materially breach any
of the covenants and agreements contained in Section 8. For the avoidance of doubt, any performance criteria or performance requirements under outstanding equity awards that have not been satisfied or are not deemed to have been satisfied under the
terms of such equity awards shall continue to apply in accordance with their terms and the applicable performance period shall be extended for the additional vesting period if consistent with the treatment under the applicable award agreement. The
portion of any stock option, stock appreciation right or similar equity award that is vested and exercisable as of the date of termination or that becomes vested and exercisable in accordance with this Section 10.4.4, in each case, shall (unless the
applicable equity award granted after the Effective Date provides for a more favorable exercise period) remain exercisable until the earlier of (i) the expiration of the term of the award agreement and (ii) the date that is two (2) years following
the date of termination of your employment by Employer without Employer’s Good Cause or by you with Employee’s Good Cause (or due to death or Disability); provided that any such equity awards shall be forfeited in the event you materially
breach any of the covenants and agreements contained in Section 8. It is intended that the provisions of this Section 10.4.4. relating to additional vesting and forfeiture of equity awards shall apply to all of your equity awards, including your
equity awards which are outstanding on the Effective Date However nothing contained herein shall alter the time and form of payment of any equity awards that are outstanding on the Effective Date if such change would violate Section 409A of the
Code. 

  

	 	10.4.5	Any benefits paid or provided pursuant to this Section 10.4 shall be subject to clawback pursuant to the Employer’s clawback policies as may be adopted and/or amended from time to time, including, but not limited
to, for purposes of complying with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and regulations thereunder promulgated by the Securities Exchange Commission. 


  
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	 	10.4.6	Following your termination of employment pursuant to this Section 10.4, you will not be eligible for flex or vacation time, discretionary bonus, new equity grants, or any other compensation or benefits under this
Agreement, except as provided in this Section 10.4. 

  

	 	10.5	Employee’s Good Cause Termination. You may terminate your employment under this Agreement for Employee’s Good Cause. Prior to any such termination under this Section 10.5 being effective, you agree to
give us thirty (30) days’ advance written notice within sixty (60) days following your learning of the circumstances constituting Employee’s Good Cause specifying the facts and circumstances of our alleged breach (the “Employee’s
Good Cause Notice”). During such thirty (30) day period, we may either (x) cure the breach (in which case your notice will be considered withdrawn and this Agreement will continue in full force and effect) or (y) declare to you in writing that
we dispute that Employee’s Good Cause exists (the “Company’s Response Notice”), in which case you may terminate your employment pursuant to Section 10.6 within ten (10) business days of your receipt of the Company’s Response
Notice and be entitled initially to the benefits set forth under Section 10.6 (provided that you will be treated as terminating employment for Employee’s Good Cause under this Section 10.5 if such Disputed Claim is resolved in your favor), and
if you do not terminate within such ten (10) business-day period, you will be deemed to have withdrawn your notice and this Agreement will continue in full force and effect. If you choose to terminate your employment pursuant to Section 10.6 within
ten (10) business days of your receipt of the Company’s Response Notice and it is determined that Employee’s Good Cause exists, you shall be treated as if you had been terminated pursuant to Section 10.4 even if such determination is made
after the end of the Employment Term so long as you provided Employee’s Good Cause Notice during the Employment Term. If we do not do either (x) or (y) by the end of the thirty-day notice period, your employment shall be terminated pursuant to
this Section 10.5 as of the first business day following the end of the thirty-day notice period. If it is determined that Employee’s Good Cause exists following the end of the Employment Term or in the event your employment under this
Agreement is terminated during the Employment Term under this Section 10.5, subject to your executing the general release of claims described in Section 10.9 within 30 days following the date of termination of your employment (or, if we have
disputed that Employee’s Good Cause exists, within 30 days following the date the dispute is resolved) and contingent upon the expiration of any revocation period provided in such release, you will be treated as if your employment had been
terminated pursuant to Section 10.4 and you shall be entitled to all the compensation and benefits provided for therein (provided that if we have disputed that Employee’s Good Cause exists, the date of termination set forth in Section 10.4
shall be replaced with the date the dispute is resolved). 

  

	 	10.6	Employee’s No Cause Termination. In the event you terminate your employment under this Agreement without Employee’s Good Cause, we will have no further liability or obligations whatsoever to you under
this Agreement, except as provided in this Section 10.6 and with respect to business or travel expense reimbursements accrued and unpaid as of the date of such termination. In the event of such 


  
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 termination, you will be entitled to the Accrued Obligations; provided, however, that we will be
entitled to all of our rights and remedies to enforce the covenants and agreements contained in Section 8 and our right to recover damages for breach of covenants in Section 8. You will not be entitled to any pro-rated Bonus for the year in which
the termination of employment occurs. 
  

	 	10.7	Change of Control. As of the Effective Date, you shall continue to be appointed as a participant in our Change of Control Policy for Executive Officers as such policy may be amended by the Company from time to
time. In the event you become entitled to “Separation Benefits” pursuant to Section 3.3(b) of the COC Policy, your benefits under Section 3.3 of the COC Policy shall replace and be in lieu of any benefits under Sections 10.4 and 10.5 of
this Agreement. 

 Notwithstanding anything to the contrary in this Agreement or the COC Policy, in the event the aggregate
cash benefits payable to you pursuant to Sections 3.2(b) and (c) of the COC Policy is less than the aggregate cash benefits otherwise payable to you pursuant to Sections 10.4.1, 10.4.2 or 10.5 hereof absent a Change of Control, you shall be entitled
to the amount of aggregate cash benefits payable under Sections 10.4.1 and 10.4.2 hereof, payable in the form and at the time set forth in Section 3.2 of the COC Policy. Moreover, in the event the aggregate equity acceleration or exercise period
benefits you may be entitled pursuant to Section 3.2(d) of the COC Policy is less than the aggregate equity acceleration or exercise period benefits you may be entitled to pursuant to Sections 10.4.4 or 10.5 hereof absent a Change of Control, you
shall be entitled to the amount of aggregate equity acceleration or exercise period, as applicable, benefits payable under Sections 10.4.4 hereof, payable in the form and pursuant to the payment schedule set forth in Section 3.2(d) of the COC
Policy. If the COC Policy has been terminated, references to the COC Policy shall mean the COC Policy as in effect immediately prior its termination. 

In the event you (i) become entitled to “Separation Benefits” pursuant to the COC Policy, (ii) terminate employment for any reason
during the one-year period following a Change of Control or (iii) become entitled to payments pursuant to this Section 10.7, you shall be released from your obligations pursuant to Section 8.1 upon your termination of employment (or upon the Change
of Control if such termination occurs during the specified period prior to the Change of Control). 
  

	 	10.8	Termination Following End of Employment Term. Upon any termination of your employment that occurs following expiration of the Employment Term, we will have no further liability or obligations whatsoever to you
under this Agreement, except as provided in Section 3.4.7 and except with respect to business or travel expense reimbursements accrued and unpaid as of the date of such termination and Accrued Obligations and you shall be released from your
obligations pursuant to Section 8.1. 

  

	 	10.9	General Release. Upon a termination of employment under the circumstances described in Sections 10.4, 10.5 or 10.8, the obligations of Employer to pay or provide the benefits described in Sections 3.4.7 (other
than in the case of your death or Disability), 10.4, or 10.5 are contingent on your (for yourself, your heirs, legal 


  
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 representatives and assigns) agreement to execute a general release in the form and substance to
be provided by Employer, (i) releasing Employer, its affiliated companies and their officers, directors, agents and employees from any claims or causes of action of any kind that you might have against any one or more of them as of the date of the
release, regarding your employment with Employer or the termination of your employment and (ii) including a nondisparagement clause by Employee. Such form of release shall be generally consistent with Company’s current form of release, except
as appropriately modified taking into account changes in applicable law or judicial precedent and shall include customary exceptions for vested and accrued benefits under compensation and benefit plans of the Company, rights to indemnification,
advancement of expenses and protections under applicable insurance policies in accordance with applicable law or the governing documents of the Company, rights as an equity holder of the Company and rights to contribution as permitted by law in the
event of a judgment against Employee based on events for which Employee and the releasees are jointly liable. 
  

	 	10.10	[Intentionally Omitted]. 

  

	 	10.11	Excise Tax Limitation. 

  

	 	10.11.1	Notwithstanding anything contained in this Agreement to the contrary, (i) in the event that any Payments (as defined below) in connection with, or arising out of, your employment with the Company in the event of a 280G
Change in Control (as defined below) would be subject to the excise tax imposed by Section 4999 of the Code (“Excise Tax”), and (ii) (A) the net amount of the Payments that you would retain after payment of the Excise Tax and federal,
state and local income taxes, any employment, social security or Medicare taxes or any other taxes with respect to the Payments would be less than (B) the net amount of the Payments you would retain, after payment of federal, state and local income
taxes, any employment, social security or Medicare taxes or any other taxes with respect to the Payments, if the Payments were reduced to the maximum amount you could retain such that no portion of the Payments would be subject to the Excise Tax
(“Section 4999 Limit”), then the Payments shall be reduced (but not below zero) to the Section 4999 Limit. The Company shall reduce or eliminate the Payments such that the reduction or elimination of compensation to be provided to you as a
result of this Section 10.11.1 is minimized. In applying this principle, the reduction or elimination shall be made in a manner consistent with the requirements of Section 409A and where two economically equivalent amounts are subject to reduction
or elimination but payable at different times, such amounts shall be reduced or eliminated on a pro rata basis but not below zero. The amount of such taxes shall be computed at the rates in effect under the applicable tax laws in the year in which
the 280G Change in Control occurs, or if then ascertainable, the rates in effect in any later year in which any Payment is expected to be paid following the 280G Change in Control, and in the case of any income taxes, by using the maximum combined
federal, state and (if applicable) local income tax rates then in effect under such laws. 


  
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	 	10.11.2	If the Company or you believe in good faith that any of the Payments may be subject to the Excise Tax, the determination of whether and to what extent the Payments are subject to the Excise Tax and the amount of the
Section 4999 Limit (“Determination”) shall be made, at the Company’s expense, by the accounting firm which is the Company’s accounting firm prior to the 280G Change in Control or, if requested by you, another nationally
recognized accounting firm designated by the Board (or a committee thereof) and subject to your reasonable approval, prior to the 280G Change in Control (“Accounting Firm”). The Accounting Firm shall provide its calculations, together with
detailed supporting documentation, both to the Company and to you, before payment of the Payments (if requested at that time by the Company or you) or at such other time as requested by the Company or you (in either case provided that the Company or
you believe in good faith that any of the Payments may be subject to the Excise Tax). Within ten (10) calendar days of the delivery of the Determination to you, you shall have the right to dispute the Determination. The existence of any such dispute
shall not in any way affect your right to receive the Payments in accordance with the Determination. If there is no such dispute, the Determination by the Accounting Firm shall be final, binding and conclusive upon the Company and you, subject to
the application of Section 10.11.3. For purposes of this Section 10.11, (x) a “280G Change in Control” shall mean a change in ownership or effective control of the Company or in the ownership of a substantial portion of the assets of the
Company, as determined in accordance with section 280G(b)(2) of the Code and the regulations issued thereunder and (y) “Payments” shall mean any payments or benefits in the nature of compensation that are to be paid or provided to you or
for your benefit in connection with a 280G Change in Control (whether under this Agreement or otherwise, including by any entity, or by any affiliate of the entity, whose acquisition of the stock of the Company or its assets constitutes the 280G
Change in Control) if you are a “disqualified individual” (as defined in section 280G(c) of the Code) at the time of the 280G Change in Control, to the extent that such payments or benefits are “contingent” on the 280G Change in
Control within the meaning of section 280G(b)(2)(A)(i) of the Code and the regulations issued thereunder. 

  

	 	10.11.3	As a result of the uncertainty in the application of Sections 280G and 4999 of the Code, it is possible that a Payment or portion thereof either will have been made or will not have been made by the Company, in either
case in a manner inconsistent with the limitations provided in Section 10.11.1 (an “Excess Payment” or “Underpayment”, respectively). If it is established pursuant to (i) a final determination of a court for which all appeals
have been taken and finally resolved or the time for all appeals has expired, or (ii) an Internal Revenue Service (“IRS”) proceeding which has been finally and conclusively resolved, that an Excess Payment has been made, you shall repay
the Excess Payment to the Company on demand, together with interest on the Excess Payment at one hundred twenty percent (120%) of the applicable federal rate 


  
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	 	  	(as defined in Section 1274(d) of the Code) compounded semi-annually from the date of your receipt of such Excess Payment until the date of repayment. If it is determined (i) by the Accounting Firm, the Company
(including any position taken by the Company, together with its consolidated group, on its federal income tax return), or the IRS, (ii) pursuant to a determination by a court, or (iii) upon the resolution to your satisfaction of any dispute in
accordance with Section 10.11.2, that an Underpayment has occurred, the Company shall pay an amount equal to the Underpayment to you within ten (10) calendar days of such determination or resolution, together with interest on such amount at one
hundred twenty percent (120%) of the applicable federal rate compounded semi-annually from the date such amount should have been paid to you until the date of payment. In the event that the Payments have been reduced pursuant to Section 10.11.1, the
Company will bear all fees and expenses of any audit, suit or proceeding by the IRS or any other taxing authority against the Company or against you, or of any claim for refund, appellate procedure, or suit brought by the Company or you against the
IRS or any other taxing authority, in each case relating to the Excise Tax. 

  

	 	10.12	Survival of Covenants. Notwithstanding anything contained in this Agreement to the contrary, except as specifically provided in Section 10.7 with respect to the undertaking contained in Section 8.1, the covenants
and agreements contained in Section 8 will survive a termination of this Agreement and your employment with Employer, regardless of the reason for such termination. 


 

	 	10.13	Non-Duplication of Benefits. Any payments or benefits paid or provided to you under Section 10 of this Agreement shall be reduced by any cash severance payments or equity acceleration benefits paid or provided
under the COC Policy or any equity award agreement. 

  

	11.	Disputed Claim/Arbitration. Any Disputed Claim (as such term is defined in Section 23) and any other dispute relating to this Agreement, your equity award agreements, or your employment with Employer shall be
resolved by arbitration pursuant to Exhibit C (which constitutes a material provision of this Agreement), except as otherwise provided in Exhibit C. Any arbitration under this Section 11 shall take place in Las Vegas, Nevada. Notwithstanding any
provision to the contrary in this Agreement, with respect to any Disputed Claim, you will not be entitled to receive any of your rights and benefits for purposes of your termination rights pursuant to Section 10.5 unless and until the arbitration
process is finally resolved in your favor. Nothing herein shall preclude or prohibit us from invoking the provisions of Section 10.4, or of our seeking or obtaining injunctive or other equitable relief. In the event of a purported termination of
your employment by us pursuant to Section 10.1 or Section 10.3 or by you under Section 10.5 which is disputed by the other party, if you prevail in the arbitration, you shall not be entitled to reinstatement, but shall be entitled to the payments
and benefits due to you under the provisions of Section 3.4.7, Section 10.3, Section 10.4 or Section 10.5, respectively. To the extent we shall not have paid such payments and benefits during the period of such dispute and you are the prevailing
party in such arbitration, in addition to any other award, you shall be entitled to interest at a rate equal to our blended cost of funds during such period. 


  
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	12.	Severability. If any provision hereof is unenforceable, illegal, or invalid for any reason whatsoever, such fact shall not affect the remaining provisions of this Agreement, except in the event a law or court
decision, whether on application for declaration, or preliminary injunction or upon final judgment, declares one or more of the provisions of this Agreement that impose restrictions on you unenforceable or invalid because of the geographic scope or
time duration of such restriction. In such event, you and we agree that the invalidated restrictions are retroactively modified to provide for the maximum geographic scope and time duration which would make such provisions enforceable and valid.
This Section 12 does not limit our rights to seek damages or such additional relief as may be allowed by law and/or equity in respect to any breach by you of the enforceable provisions of this Agreement. 


 

	13.	Travel and Related Matters. During the Employment Term, it is anticipated that you will be required to travel extensively on behalf of us. Such travel, if by air, may be on aircraft provided by us, or if
commercial airlines are used, on a first-class basis (or best available basis, if first class is not available). To the extent you wish to use aircraft operated by us for non-business use, we will, upon your request and subject to availability, make
such aircraft available to you for such use, provided, however, that you shall be responsible and shall reimburse us as set forth below for costs associated with any such non-business use to the extent the value of any such non-business use exceeds
$250,000 in the aggregate for any calendar year as determined under the Securities Exchange Commission (“SEC”) proxy reporting rules for personal aircraft usage as such rules may be amended from time to time (the “SEC Rules”).
The Compensation Committee reserves the right to review and modify this limit from time to time as it deems reasonably appropriate. The determination of whether all or any portion of your use of aircraft operated by us constitutes non-business use
as well as the reimbursement amount, if any, shall be reasonably determined in accordance with the SEC Rules by the Company’s outside SEC counsel. 


Non-business use above the $250,000 limit described above must be reimbursed in an amount equal to the amount that would otherwise be reported
in the Summary Compensation Table under the SEC rules, provided that the reimbursement you shall owe to us shall not exceed the maximum permissible amount under FAA rules that apply to time-sharing agreements. Employee’s Time Sharing Agreement
shall be appropriately amended (which amendment may be part of a restatement) to provide for reimbursement as described herein and the list of allowable expenses in Section 2(b) of that agreement shall be modified, to the extent necessary, to
include all the items authorized by FAR Part 91.501(d). Employee acknowledges that he will be responsible for any income tax owed by him attributable to the fringe benefit value of non-business use of aircraft. 

 

	14.	Attorneys’ Fees. In the event suit is brought (including arbitration proceedings) to enforce or to recover damages suffered as a result of breach of this Agreement, the prevailing party shall be entitled to
recover its reasonable attorneys’ fees and costs of suit. 

  

	15.	 No Waiver of Breach or Remedies. No failure or delay on the part of you or us in exercising any right,
power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy hereunder.
The remedies herein 



  
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provided are cumulative and not exclusive of any remedies provided by law. 

  

	16.	Amendment or Modification. No amendment, modification, termination or waiver of any provision of this Agreement shall be effective unless the same shall be in writing and signed by you and a duly authorized
member of our senior management. No consent to any departure by you from any of the terms of this Agreement shall be effective unless the same is signed by a duly authorized member of our senior management. Any such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which given. 

  

	17.	Governing Law. The laws of the State of Nevada shall govern the validity, construction and interpretation of this Agreement, and except as provided in Section 11 and Exhibit C, the courts of the State of Nevada
shall have exclusive jurisdiction over any claim with respect to this Agreement. 

  

	18.	Number and Gender. Where the context of this Agreement requires, the singular shall mean the plural and vice versa, and references to males shall apply equally to females and vice versa. 


 

	19.	Headings. The headings in this Agreement have been included solely for convenience of reference and shall not be considered in the interpretation or construction of this Agreement. 


 

	20.	Assignment. This Agreement is personal to you and may not be assigned by you. 

  

	21.	Successors and Assigns. This Agreement shall be binding upon our successors and assigns. The Company may not assign this Agreement except in connection with a merger or sale of the Company or substantially all of
its assets and shall cause any such successor to expressly assume and agree to perform the obligations of this Agreement, unless such assumption occurs automatically as a matter of law. 


 

	22.	Prior Agreements. Except as set forth in Section 2 and Section 25.1, this Agreement shall supersede and replace any and all other employment agreements which may have been entered into by and between the parties,
including but not limited to the Prior Agreements and any such prior employment agreements shall be of no force and effect after execution of this Agreement by both parties. The foregoing notwithstanding, certain provisions of the Prior Agreements
are referenced herein for purposes of complying with payment timing rules under Section 409A. 

  

	23.	Certain Definitions. As used in this Agreement: 

 “Accounting Value” means the
accounting value calculated by the Company’s Chief Accounting Officer under procedures approved or modified by the Compensation Committee from time to time. 

“Board” or “Board of Directors” means the Board of Directors of MGM Resorts International. 

“Bonus Determination Date” means, with respect to a fiscal year, the date the Compensation


  
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Committee determines Bonuses for such fiscal year payable to our senior executives (but not earlier than January 1 or later than March 15 of the year immediately following the end of
the applicable fiscal year). 
 “Bonus Payment Date” means, with respect to a fiscal year, the date we pay Bonuses for such fiscal
year to 
 our senior executives (but not earlier than January 1 or later than March 15 of the year immediately following the end
of the applicable fiscal year). 
 “Change of Control” has the meaning set forth in the Company’s Change of Control Policy for
Executive Officers. 
 “Company” means MGM Resorts International. 

“Compensation Committee” means the Compensation Committee of the Board of Directors of MGM Resorts International. 

“Competitor” means any person, corporation, partnership, limited liability company or other entity which is either directly,
indirectly or through an affiliated company, engaged in or proposes to engage in the development, ownership, operation or management of (i) gaming facilities; (ii) convention or meeting facilities; or (iii) one or more hotels if any such hotel is
connected in any way, whether physically or by business association, to a gaming establishment and, further, where Competitor’s activities are within a 150 mile radius of any location where any of the foregoing facilities, hotels, or venues
are, or are proposed to be, owned, operated, managed or developed by the Company. 
 “Confidential Information” means all
knowledge, know-how, information, devices or materials, whether of a technical or financial nature, or otherwise relating in any manner to the business affairs of Employer, including without limitation, names and addresses of Employer’s
customers, any and all other information concerning customers who utilize the goods, services or facilities of any hotel and/or casino owned, operated or managed by Employer, Employer’s casino, hotel, retail, entertainment and marketing
practices, procedures, management policies, any trade secret, including but not limited to any formula, pattern, compilation, program, device, method, technique or process, that derives economic value, present or potential, from not being generally
known to, and not being readily ascertainable by proper means by, other persons who can obtain any economic value from its disclosure or use, and any other information regarding Employer which is not already and generally known to the public,
whether or not any of the foregoing is subject to or protected by copyright, patent, trademark, registered or unregistered design, and whether disclosed or communicated (in writing or orally) before, on or after the date of this Agreement, by
Employer to Employee. Confidential Information shall also specifically include, without limitation, those documents and reports set forth on Exhibit A attached hereto and incorporated herein by this reference. For the avoidance of doubt,
Confidential Information shall not include information generally known to the public or within the gaming industry that was not disclosed by you in violation of Section 8.2. 

“Disability” means Employee’s incapacity for medical reasons certified to by Employer’s Physician which precludes the
Employee from performing the essential functions of 

  
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 Employee’s duties hereunder for a substantially consecutive period of six (6) months or
more. (In the event Employee disagrees with the conclusions of Employer’s Physician, Employee (or Employee’s representative) shall designate an Employee’s Physician, and Employer’s Physician and Employee’s Physician shall
jointly select a third physician, who shall make the determination.) A termination for Employer’s Good Cause shall not be treated as a termination for Disability for purposes of this Agreement, any award agreement, or any other contractual
arrangements between Employer and Employee. 
 “Disputed Claim” means that Employee maintains pursuant to Section 10.5 that
Employee’s Good Cause exists and Employer has denied such claim. 
 “Employee’s Good Cause” means (i) the failure of
Employer to pay Employee any compensation when due; (ii) a material reduction in the scope of duties or responsibilities of Employee or any reduction in Employee’s salary or target bonus percentage; (iii) Employee’s failure to be employed
as Chief Executive Officer or failure of the Board to nominate Employee as a member of the Board; (iv) a relocation of your principal place of employment or the Company’s corporate headquarters outside of the greater Las Vegas area; or (v) any
material breach by the Company of this Agreement. 
 “Employee’s Physician” means a licensed physician selected by Employee
for purposes of determining Employee’s Disability pursuant to the terms of this Agreement. 
 “Employer’s Good Cause”
means: 
  

	 	(1)	 Employee’s (a) failure to abide by Employer’s policies and procedures (whether generally applicable to
all employees, executive officers, or otherwise) that is reasonably likely to result in injury to the Company economically or otherwise, excluding a failure that Employee could not be reasonably expected to realize would constitute such a failure,
provided that, a violation of any policies applicable solely to Employer’s executive officers shall be deemed reasonably likely to result in injury to the Company; (b) misconduct which is reasonably likely to result in injury to the Company
economically or otherwise, excluding conduct that the Employee could not be reasonably expected to have understood would constitute such misconduct of Employee; (c) failure to competently perform his statutory or reasonably assigned duties with the
Company at a level that can be reasonably expected of a person with Employee’s position, excluding a failure that Employee could not be reasonably expected to realize would constitute such a failure (other than a failure resulting from
Employee’s incapacity due to physical or mental illness or from assignment of duties to Employee that would constitute Employee’s Good Cause), provided that, for the purpose of (c), the fact that a particular business decision does not
result in a favorable outcome shall not by itself constitute a failure under (c); or (d) other material breach of this Agreement, which failure, misconduct or breach is not cured by Employee within thirty (30) days after written notice thereof from
Employer specifying the facts and circumstances of the alleged failure or breach, during which 30-day period Employee shall be afforded a reasonable opportunity to be heard 



  
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by the Board, provided, however, that such notice, opportunity to cure and opportunity to be heard shall not be required prior to termination if, in the good faith judgment of the Board, such
breach is not capable of being cured within thirty (30) days; or 

  

	 	(2)	Employee’s failure or inability to satisfy the requirements stated in Section 6 above. 


“Employer’s Physician” means a licensed physician selected by Employer for purposes of determining Employee’s Disability
pursuant to the terms of this Agreement. 
 “New Equity Awards” means any equity awards granted to Employee on or after the
Effective Date, other than any restricted stock units granted pursuant to Section 3.4.5 or any equity awards contemplated by Section 3.2 of the 2012 Prior Agreement (relating to any 2016 Bonus) or Section 3.4.5 of the 2012 Prior Agreement (relating
to any 2016 annual equity award). 
 “Restrictive Period” means the twelve (12) month period immediately following any separation
by Employee from employment occurring during the Employment Term; provided, however, that in the event of a termination of your employment as described in Section 10.1 or Section 10.6, the Restrictive Period shall end no later than the end of the
Employment Term; and provided, further, in the event you are entitled to “Separation Benefits” as described in Section 10.7 or your employment otherwise terminates for any reason during the one-year period following a Change of Control,
the Restrictive Period shall end on the date of termination or the Change of Control, whichever is later. 
 “Retirement” means
your voluntary retirement from all employment positions with the Company (not including any advisory or consulting role) following December 31, 2021, upon not less than ninety (90) days advance written notice to the Company, and subject to your good
faith participation and assistance with respect to any reasonably requested transition matters. For the avoidance of doubt, you will not be eligible for any early retirement provisions for accelerating vesting of equity that may apply to any other
employees. 
  

	24.	Employee acknowledges that MGM Resorts International is a publicly traded company and agrees that in the event there is any default or alleged default by Employer under the Agreement, or Employee has or may have any
claims arising from or relating to the Agreement, Employee shall not commence any action or otherwise seek to impose any liability whatsoever against any person or entity in its capacity as a stockholder of MGM Resorts International
(“Stockholder”). Employee further agrees that he shall not permit any party claiming through him, to assert a claim or impose any liability against any Stockholder (in its capacity as a Stockholder) as to any matter or thing arising out of
or relating to the Agreement or any alleged breach or default by Employer. 

  

	25.	Section 409A. 

  

	 	25.1	This Agreement is intended to comply with, or otherwise be exempt from, 


  
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 Section 409A of the Code and any regulations and Treasury guidance promulgated thereunder
(“Section 409A”). If we determine in good faith that any provision of this Agreement would cause you to incur an additional tax, penalty or interest under Section 409A, the Compensation Committee and you shall use reasonable efforts to
reform such provision, if possible, in a mutually agreeable fashion to maintain to the maximum extent practicable the original intent of the applicable provision without violating the provisions of Section 409A or causing the imposition of such
additional tax, penalty or interest under Section 409A. Moreover, if any provision of this Agreement has the effect of impermissibly delaying or accelerating any payment schedule initially set forth in a Prior Agreement or in any outstanding equity
award, the applicable provision (or part thereof) of this Agreement shall be disregarded and have no force or effect and the payment schedule shall be governed by the applicable provision of the Prior Agreement or equity award agreement. The
preceding provisions, however, shall not be construed as a guarantee by us of any particular tax effect to you under this Agreement. 
  

	 	25.2	“Termination of employment,” “retirement,” or words of similar import, as used in this Agreement means, for purposes of any payments under this Agreement that are payments of deferred compensation
subject to Section 409A, your “separation from service” as defined in Section 409A. 

  

	 	25.3	For purposes of Section 409A, the right to a series of installment payments under this Agreement shall be treated as a right to a series of separate payments. Whenever a payment under this Agreement specifies a payment
period with reference to a number of days (e.g., “payment shall be made within thirty (30) days following the date of termination”), the actual date of payment within the specified period shall be within the sole discretion of the Company.
If any payment or benefit under this Agreement is payable under this Agreement but was not payable under the Prior Agreement or exceeds the amount of the same payment or benefit under the Prior Agreement, such payment or benefit or the excess amount
of such payment or benefit, as the case may be, shall be treated as a separate payment for purposes of Section 409A. 

  

	 	25.4	With respect to any reimbursement of your expenses, or any provision of in-kind benefits to you, as specified under this Agreement and which is subject to Section 409A, such reimbursement of expenses or provision of
in-kind benefits shall be subject to the following conditions: (1) the expenses eligible for reimbursement or the amount of in-kind benefits provided in one taxable year shall not affect the expenses eligible for reimbursement or the amount of
in-kind benefits provided in any other taxable year, except for any medical reimbursement arrangement providing for the reimbursement of expenses referred to in Section 105(b) of the Code; (2) the reimbursement of an eligible expense shall be made
pursuant to our reimbursement policy but no later than the end of the calendar year next following the calendar year in which such expense was incurred; and (3) the right to reimbursement or in-kind benefits shall not be subject to liquidation or
exchange for another benefit. 

  

	 	25.5	Any payment of “deferred compensation” (as defined under Treasury Regulation Section 1.409A-1(b)(1), after taking into account all exclusions applicable 


  
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 to such payments and benefits under Section 409A) that arises under Section 3.4.5 (relating to
retirement), Section 3.4.7(ii) (relating to retirement), Section 10.3 (termination due to Disability), Section 10.4 (Employer’s no cause termination), Section 10.5 (Employee’s Good Cause termination), and Section 10.7 (termination after a
Change of Control) and any other provision of this Agreement, on account of your separation from service while you are a “specified employee” (as defined under Section 409A), and is scheduled to be paid or provided within six (6) months
after such separation from service (the aggregate of such scheduled payments, the “Delayed Payment”) shall, in lieu thereof, be paid or provided, as adjusted for interest, within fifteen (15) days after the end of the six-month period
beginning on the date of such separation from service or, if earlier, within fifteen (15) days after the appointment of the personal representative or executor of your estate following your death. On the first business day following the expiration
of the applicable deferral period of the immediately preceding sentence, any payments which would otherwise have been made to you during that period (whether in a single sum or installments) in the absence of this paragraph shall be paid to you or
your beneficiary in one lump sum. With respect to any determination that the payments to be made to you under this Agreement, or under any agreement or plan referred to herein, are subject to Section 409A, then each such payment shall be treated as
a separate payment for purposes of Treas. Reg. §1.409A-2(b)(2)(iii). The date of Employee’s “separation from service”, as defined in Section 409A (and as determined by applying the default presumptions in Treas. Reg.
§1.409A-1(h)(1(ii)), shall be treated as the date of Employee’s termination of employment for purposes of determining the time of payment of any amount that becomes payable to Employee hereunder upon Employee’s termination of
employment and that is properly treated as a deferral of compensation subject to Section 409A after taking into account all exclusions applicable to such payment under Section 409A. For purposes of the foregoing, interest shall accrue at the prime
rate of interest published in the northeast edition of The Wall Street Journal on the date of your separation from service. In addition, in the event that you must incur legal fees or costs to enforce payment of any amounts subject to the six-month
delay of payment under this Agreement, we will pay all reasonable attorneys’ fees associated with such action. 
  

	26.	Rabbi Trust. We will, within five (5) business days after termination of your employment, make an irrevocable contribution of an amount equal to the aggregate amount of any payments due to you following
termination of employment to a U.S.-based grantor trust established consistent with the terms of Revenue Procedure 92-64, 1992-2 C.B. 422 (Aug. 17, 1992) with a financial institution approved by you, which approval will not be withheld unreasonably,
serving as the third-party trustee thereof, under the terms of which the assets of the trust may be used, in the absence of our insolvency, solely for purposes of fulfilling our obligation to make such payments to you. In the event that the
provisions of Section 25.5 shall apply to any payment obligation under this Agreement, interest shall accrue with respect to such Delayed Payment in accordance with Section 25.5. We shall be responsible for all reasonable costs of establishing and
maintaining the trust and the terms of the trust shall be reasonably acceptable to you. 

 [Signature page immediately
follows.] 

  
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 IN WITNESS WHEREOF, Employer and Employee have entered into this Agreement in Las Vegas, Nevada, as of the
date first written above. 
  

					
	EMPLOYEE — JAMES J. MURREN	  	 EMPLOYER — MGM RESORTS

INTERNATIONAL

			
	 /s/ James J. Murren
	  	By:	  	 /s/ John M. McManus

		  		  	Name: John M. McManus
		  		  	Title: Executive Vice President, General Counsel and Secretary

  

  
 - 25 - 








 EXHIBIT A 
  


			
	 Name of Report
	  	 Generated By:

	Including, but not limited to:	  	
		
	Arrival Report	  	Room Reservation/Casino Marketing
		
	Departure Report	  	Room Reservation/Casino Marketing
		
	Master Gaming Report	  	Casino Audit
		
	Department Financial Statement	  	Finance
		
	$5K Over High Action Play Report	  	Casino Marketing
		
	$50K Over High Action Play Report	  	Casino Marketing
		
	Collection Aging Report(s)	  	Collection Department
		
	Accounts Receivable Aging	  	Finance
		
	Marketing Reports	  	Marketing
		
	Daily Player Action Report	  	Casino Operations
		
	Daily Operating Report	  	Slot Department
		
	Database Marketing Reports	  	Database Marketing
		
	Special Event Calendar(s)	  	Special Events/Casino Marketing
		
	Special Event Analysis	  	Special Events/Casino Marketing
		
	Tenant Gross Sales Reports	  	Finance
		
	Convention Group Tentative/Confirmed Pacing Reports	  	Convention Sales
		
	Entertainment Event Settlement Reports	  	Finance
		
	Event Participation Reports	  	Casino Marketing
		
	Table Ratings	  	Various
		
	Top Players	  	Various


  
 - 26 - 









			
		
	Promotion Enrollment	  	Promotions
		
	Player Win/Loss	  	Various


  
 - 27 - 








 EXHIBIT B 

PERMITTED OUTSIDE ACTIVITIES 

Trustee, Trinity College 
 Member, Chartered Financial Analyst

 Trustee, Brookings Institute 
 Positions with other
non-profit organizations as approved by the Board 

  
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 EXHIBIT C 

ARBITRATION 
 This Exhibit C sets
forth the methods for resolving disputes should any arise under the Agreement, and accordingly, this Exhibit C shall be considered to be a part of the Agreement. 
  

	1.	Except for a claim by either Employee or Employer for injunctive relief where such would be otherwise authorized by law, any controversy or claim arising out of or relating to the Agreement, the breach hereof, or
Employee’s employment by Employer, including without limitation any claim involving the interpretation or application of the Agreement or wrongful termination or discrimination claims, shall be submitted to binding arbitration in accordance
with the employment arbitration rules then in effect of the Judicial Arbitration and Mediation Service (“JAMS”), to the extent not inconsistent with this paragraph. This Exhibit C covers any claim Employee might have against any officer,
director, employee, or agent of Employer, or any of Employer’s subsidiaries, divisions, and affiliates, and all successors and assigns of any of them. The promises by Employer and Employee to arbitrate differences, rather than litigate them
before courts or other bodies, provide consideration for each other, in addition to other consideration provided under the Agreement. 

  

	2.	Claims Subject to Arbitration. This Exhibit C covers all claims arising in the course of Employee’s employment by Employer except for those claims specifically excluded from coverage as set forth in
paragraph 3 of this Exhibit C. It contemplates mandatory arbitration to the fullest extent permitted by law. Only claims that are justiciable under applicable state or federal law are covered by this Exhibit C. Such claims include any and all
alleged violations of any state or federal law whether common law, statutory, arising under regulation or ordinance, or any other law, brought by any current or former employees. Such claims may include, but are not limited to, claims for: wages or
other compensation; breach of contract; torts; work-related injury claims not covered under workers’ compensation laws; wrongful discharge; and any and all unlawful employment discrimination and/or harassment claims. 


 

	3.	Claims Not Subject to Arbitration. Claims under state workers’ compensation statutes or unemployment compensation statutes are specifically excluded from this Exhibit C. Claims pertaining to any of
Employer’s employee welfare benefit and pension plans (other than claims pertaining to benefits provided under Section 10 of the Agreement or equity award agreements) are excluded from this Exhibit C. In the case of a denial of benefits under
any of Employer’s employee welfare benefit or pension plans, the filing and appeal procedures in those plans must be utilized. Claims by Employer for injunctive or other relief for violations of non-competition and/or confidentiality agreements
are also specifically excluded from this Exhibit C. 

  

	4.	 Non-Waiver of Substantive Rights. This Exhibit C does not waive any rights or remedies available under
applicable statutes or common law. However, it does waive Employee’s right to pursue those rights and remedies in a judicial forum. By signing the Agreement 



  
 - 29 - 









	 	
and the acknowledgment at the end of this Exhibit C, the undersigned Employee voluntarily agrees to arbitrate his or her claims covered by this Exhibit C. 


 

	5.	Time Limit to Pursue Arbitration; Initiation. To ensure timely resolution of disputes, Employee and Employer must initiate arbitration within the statute of limitations (deadline for filing) provided for by
applicable law pertaining to the claim, or one year, whichever is shorter, except that the statute of limitations imposed by relevant law shall solely apply in circumstances where such statute of limitations cannot legally be shortened by private
agreement. The failure to initiate arbitration within this time limit will bar any such claim. The parties understand that Employer and Employee are waiving any longer statutes of limitations that would otherwise apply, and any aggrieved party is
encouraged to give written notice of any claim as soon as possible after the event(s) in dispute so that arbitration of any differences may take place promptly. The parties agree that the aggrieved party must, within the time frame provided by this
Exhibit C, give written notice of a claim to the Chief Financial Officer of Employer with a copy to MGM Resorts International’s Executive Vice President and General Counsel. Written notice shall identify and describe the nature of the claim,
the supporting facts and the relief or remedy sought. 

  

	6.	Selecting an Arbitrator. This Exhibit C mandates Arbitration under the then current rules of the Judicial Arbitration and Mediation Service (JAMS) regarding employment disputes. The arbitrator shall be either a
retired judge or an attorney experienced in employment law and licensed to practice in the state in which arbitration is convened. The parties shall select one arbitrator from among a list of three qualified neutral arbitrators provided by JAMS. If
the parties are unable to agree on the arbitrator, each party shall strike one name and the remaining named arbitrator shall be selected. 

  

	7.	Representation/Arbitration Rights and Procedures. 

  

	 	a.	Employee may be represented by an attorney of his/her choice at his/her own expense. 

  

	 	b.	The arbitrator shall apply the substantive law (and the law of remedies, if applicable) of Nevada (without regard to its choice of law provisions) and/or federal law when applicable. In all cases, this Exhibit C shall
provide for the broadest level of arbitration of claims between an employer and employee under Nevada law. The arbitrator is without jurisdiction to apply any different substantive law or law of remedies. 


 

	 	c.	The arbitrator shall have no authority to award non-economic damages or punitive damages except where such relief is specifically authorized by an applicable state or federal statute or common law. In such a situation,
the arbitrator shall specify in the award the specific statute or other basis under which such relief is granted. 

  

	 	d.	The applicable law with respect to privilege, including attorney-client privilege, work product, and offers to compromise must be followed. 


  
 - 30 - 









	 	e.	The parties shall have the right to conduct reasonable discovery, including written and oral (deposition) discovery and to subpoena and/or request copies of records, documents and other relevant discoverable information
consistent with the procedural rules of JAMS. The arbitrator shall decide disputes regarding the scope of discovery and shall have authority to regulate the conduct of any hearing and/or trial proceeding. The arbitrator shall have the right to
entertain a motion to dismiss and/or motion for summary judgment. 

  

	 	f.	The parties shall exchange witness lists at least thirty (30) days prior to the trial/hearing procedure. The arbitrator shall have subpoena power so that either Employee or Employer may summon witnesses. The arbitrator
shall use the Federal Rules of Evidence. Both parties have the right to file a posthearing brief. Any party, at its own expense, may arrange for and pay the cost of a court reporter to provide a stenographic record of the proceedings.


  

	 	g.	Any arbitration hearing or proceeding shall take place in private, not open to the public, in Las Vegas, Nevada. 

  

	8.	Arbitrator’s Award. The arbitrator shall issue a written decision containing the specific issues raised by the parties, the specific findings of fact, and the specific conclusions of law. The award shall be
rendered promptly, typically within thirty (30) days after conclusion of the arbitration hearing, or the submission of post-hearing briefs if requested. The arbitrator may not award any relief or remedy in excess of what a court could grant under
applicable law. The arbitrator’s decision is final and binding on both parties. Judgment upon an award rendered by the arbitrator may be entered in any court having competent jurisdiction. 


 

	 	a.	Either party may bring an action in any court of competent jurisdiction to compel arbitration under this Exhibit C and to enforce an arbitration award. 


 

	 	b.	In the event of any administrative or judicial action by any agency or third party to adjudicate a claim on behalf of Employee which is subject to arbitration under this Exhibit C, Employee hereby waives the right to
participate in any monetary or other recovery obtained by such agency or third party in any such action, and Employee’s sole remedy with respect to any such claim shall be any award decreed by an arbitrator pursuant to the provisions of this
Exhibit C. 

  

	9.	Fees and Expenses. Employer shall be responsible for paying any filing fee and the fees and costs of the arbitrator; provided, however, that if Employee is the party initiating the claim, Employee will contribute
an amount equal to the filing fee to initiate a claim in the court of general jurisdiction in the state in which Employee is (or was last) employed by Employer. Employee and Employer shall each pay for their own expenses, attorney’s fees (a
party’s responsibility for his/her/its own attorney’s fees is only limited by any applicable statute specifically providing that attorney’s fees may be awarded as a remedy), and costs and fees regarding witness, photocopying and other
preparation 


  
 - 31 - 








 expenses. If any party prevails on a statutory claim that affords the prevailing party
attorney’s fees and costs, or if there is a written agreement providing for attorney’s fees and/or costs, the arbitrator may award reasonable attorney’s fees and/or costs to the prevailing party, applying the same standards a court
would apply under the law applicable to the claim(s). 
  

	10.	The arbitration provisions of this Exhibit C shall survive the termination of Employee’s employment or employment with Employer and the expiration of the Agreement. These arbitration provisions can only be modified
or revoked in a writing signed by both parties and which expressly states an intent to modify or revoke the provisions of this Exhibit C. 

  

	11.	The arbitration provisions of this Exhibit C do not alter or affect the termination provisions of this Agreement. 

  

	12.	Capitalized terms not defined in this Exhibit C shall have the same definition as in the Agreement to which this is Exhibit C. 

  

	13.	If any provision of this Exhibit C is adjudged to be void or otherwise unenforceable, in whole or in part, such adjudication shall not affect the validity of the remainder of Exhibit C. All other provisions shall remain
in full force and effect. 

 ACKNOWLEDGMENT 

BOTH PARTIES ACKNOWLEDGE THAT: THEY HAVE CAREFULLY READ THIS EXHIBIT C IN ITS ENTIRETY, THEY UNDERSTAND ITS TERMS, EXHIBIT C CONSTITUTES A MATERIAL TERM
AND CONDITION OF THE EMPLOYMENT AGREEMENT BETWEEN THE PARTIES TO WHICH IT IS EXHIBIT C, AND THEY AGREE TO ABIDE BY ITS TERMS. 
 The parties also
specifically acknowledge that by agreeing to the terms of this Exhibit C, they are waiving the right to pursue claims covered by this Exhibit C in a judicial forum and instead agree to arbitrate all such claims before an arbitrator without a court
or jury. It is specifically understood that this Exhibit C does not waive any rights or remedies which are available under applicable state and federal statutes or common law. Both parties enter into this Exhibit C voluntarily and not in reliance on
any promises or representation by the other party other than those contained in the Agreement or in this Exhibit C. 
 Employee further acknowledges that
Employee has been given the opportunity to discuss this Exhibit C with Employee’s private legal counsel and that Employee has availed himself/herself of that opportunity to the extent Employee wishes to do so. 

 

					
	EMPLOYEE — JAMES J. MURREN	  	 EMPLOYER — MGM RESORTS

INTERNATIONAL

			
	 /s/ James J. Murren
	  	By:	  	 /s/ John M. McManus

		  		  	Name: John M. McManus
		  		  	Title: EVP, General Counsel & Secretary


  
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 APPENDIX A 

FORM OF SIGN-ON RSU AWARD AGREEMENT 

  
 - 33 - 








 MGM RESORTS INTERNATIONAL 

RESTRICTED STOCK UNITS AGREEMENT 
  

 
 No. of Restricted Stock Units:
                             

This Agreement (including its Exhibit, the “Agreement”) is made by and between MGM Resorts International (formerly MGM MIRAGE), a
Delaware corporation (the “Company”), and James J. Murren (the “Participant”) with an effective date of October     , 2016. 

RECITALS 
 A. The
Board of Directors of the Company (the “Board”) has adopted the Company’s 2005 Omnibus Incentive Plan, as amended (the “Plan”), which provides for the granting of Restricted Stock Units (as that term is defined in
Section 1 below) to selected service providers. Capitalized terms used and not defined in this Agreement shall have the same meanings as in the Plan. 

B. The Board believes that the grant of Restricted Stock Units will stimulate the interest of selected employees in, and strengthen their
desire to remain with, the Company or a Parent or Subsidiary (as those terms are hereinafter defined). 
 C. The Compensation Committee of
the Board (the “Committee”) has authorized the grant of Restricted Stock Units to the Participant pursuant to the terms of the Plan and this Agreement. 

D. The Committee and the Participant intend that the Plan and this Agreement constitute the entire agreement between the parties hereto with
regard to the subject matter hereof and shall supersede any other agreements, representations or understandings (whether oral or written and whether express or implied, and including, without limitation, any employment agreement between the
Participant and the Company or any of its affiliates (including, without limitation, any Parent or Subsidiary) whether previously entered into, currently effective or entered into in the future) which relate to the subject matter hereof. 

Accordingly, in consideration of the mutual covenants contained herein, the parties agree as follows: 

1. Definitions. 
 1.1
“Code” means the Internal Revenue Code of 1986, as amended. 

  
 1 








 1.2 [Intentionally Omitted.] 

1.3 [Intentionally Omitted.] 
 1.4
“Employer” means the Company, the Subsidiaries and any Parent and affiliated companies, but specifically excludes Tracinda Corporation, its stockholder or stockholders, and its subsidiaries. 

1.5 “Employer’s Good Cause” shall have the meaning given such term or a comparable term in the Participant’s employment
agreement with the Company entered into as of October 3, 2016, as amended. 
 1.6 “Fair Market Value” means the closing price
of a share of Stock reported on the New York Stock Exchange (“NYSE”) or other applicable established stock exchange or over the counter market on the applicable date of determination, or if no closing price was reported on such date, the
first trading day immediately preceding the applicable date of determination on which such a closing price was reported. In the event shares of Stock are not publicly traded at the time a determination of their value is required to be made
hereunder, the determination of their Fair Market Value shall be made by the Committee in such manner as it deems appropriate. 
 1.7
“Parent” means a parent corporation as defined in Section 424(e) of the Code. 
 1.8 [Intentionally Omitted.] 

1.9 “Restricted Stock Unit” means an award granted to a Participant pursuant to Article 8 of the Plan, except that no shares of Stock
are actually awarded or granted to the Participant on the date of grant. 
 1.10 “Section 409A” means Section 409A of the
Code, and the regulations and guidance promulgated thereunder to the extent applicable. 
 1.11 “Stock” means the Company’s
common stock, $.01 par value per share. 
 1.12 “Subsidiary” means a subsidiary corporation of the Company as defined in
Section 424(f) of the Code or corporation or other entity, whether domestic or foreign, in which the Company has or obtains a proprietary interest of more than fifty percent (50%) by reason of stock ownership or otherwise. 

2. Grant to Participant. The Company hereby grants to the Participant, subject to the terms and conditions of the Plan and this
Agreement, an award of                     Restricted Stock Units. Except as otherwise set forth in the Plan or this Agreement, (i) each
Restricted Stock Unit represents the right to receive one (1) share of Stock at the time set forth in Section 3.2, (ii) unless and until the Restricted Stock Units have vested in accordance with the terms of this Agreement, the
Participant shall not have any right to delivery of the shares of Stock underlying such Restricted Stock Units or any other consideration in respect thereof and (iii) each Restricted Stock Unit that vests shall be paid to the Participant at the
time set forth in Section 3.2. 

  
 2 








 3. Terms and Conditions. 

3.1 Vesting. The Restricted Stock Units shall vest on December 31, 2021, provided that, upon termination of employment with the
Employer for any reason prior to December 31, 2021, the unvested portion of the Restricted Stock Units shall be forfeited without any consideration. 

3.2 Payment Following Termination. Upon termination of employment with the Employer at any time on or after December 31, 2021, and
subject to Section 19.2, the vested Restricted Stock Units shall be delivered within thirty (30) days following the date of such termination, unless you were terminated for Employer’s Good Cause. For this purpose, if within thirty
(30) days after termination of your employment for any reason, whether by you or by Employer, including your retirement, the Committee determines that any occurrence set forth in the definition of Employer’s Good Cause has occurred, such
termination shall, at the election of the Committee in its discretion, be treated as termination for Employer’s Good Cause, so long as Employer provides you with written notice of such determination specifying the alleged failure or breach no
later than the last day of such 30-day period. 
 3.3 Committee Discretion. The Committee, in its discretion, may accelerate the
vesting of the balance, or some lesser portion, of the Participant’s unvested Restricted Stock Units at any time, subject to the terms of the Plan and this Agreement. If so accelerated, the Restricted Stock Units will be considered as having
vested as of the date specified by the Committee or an applicable written agreement but the Committee will have no right to accelerate any payment under this Agreement if such acceleration would cause this Agreement to fail to comply with
Section 409A. 
 3.4 No Rights as a Stockholder. Participant will have no rights as a stockholder with respect to any shares of
Stock subject to Restricted Stock Units until the Restricted Stock Units have vested and shares of Stock relating thereto have been issued and recorded on the records of the Company or its transfer agent or registrars. 

3.5 Limits on Transferability. The Restricted Stock Units granted under this Agreement may be transferred solely to a trust in which the
Participant or the Participant’s spouse control the management of the assets. With respect to Restricted Stock Units, if any, that have been transferred to a trust, references in this Agreement to vesting related to such Restricted Stock Units
shall be deemed to include such trust. Any transfer of Restricted Stock Units shall be subject to the terms and conditions of the Plan and this Agreement and the transferee shall be subject to the same terms and conditions as if it were the
Participant. No interest of the Participant under this Agreement shall be subject to attachment, execution, garnishment, sequestration, the laws of bankruptcy or any other legal or equitable process. 

3.6 Adjustments. If there is any change in the Stock by reason of any stock dividend, recapitalization, reorganization, merger,
consolidation, split-up, combination or exchange of shares of Stock, or any similar change affecting the Stock the Committee will make appropriate and proportionate adjustments (including relating to the Stock, other securities, cash or other
consideration which may be acquired upon vesting of the Restricted Stock Units) that it deems necessary to the number and class of securities subject to the Restricted Stock Units and 

  
 3 








 
any other terms of this Agreement. Any adjustment so made shall be final and binding upon the Participant. 

3.7 No Right to Continued Performance of Services. The grant of the Restricted Stock Units does not confer upon the Participant any
right to continue to be employed by the Company or any of its affiliates (including, without limitation, any Parent or Subsidiary) nor may it interfere in any way with the right of the Company or any of its affiliates (including, without limitation,
any Parent or Subsidiary) for which the Participant performs services to terminate the Participant’s employment at any time. 
 3.8
Compliance With Law and Regulations. The grant and vesting of Restricted Stock Units and the obligation of the Company to issue shares of Stock under this Agreement are subject to all applicable federal and state laws, rules and regulations,
including those related to disclosure of financial and other information to the Participant and to approvals by any government or regulatory agency as may be required. The Company shall not be required to issue or deliver any certificates for shares
of Stock prior to (A) the listing of such shares on any stock exchange on which the Stock may then be listed and (B) the completion of any registration or qualification of such shares under any federal or state law, or any rule or
regulation of any government body which the Company shall, in its sole discretion, determine to be necessary or advisable. 
 3.9
Corporate Transaction. Upon the occurrence of a reorganization, merger, consolidation, recapitalization, or similar transaction, unless otherwise specifically prohibited under applicable laws or by the applicable rules and regulations of any
governing governmental agencies or national securities exchanges, the Committee is authorized (but not obligated) to make adjustments in the terms and conditions of the Restricted Stock Units, including without limitation the following (or any
combination thereof): (i) continuation or assumption of the Restricted Stock Units by the Company (if it is the surviving company or corporation) or by the surviving company or corporation or its parent; (ii) substitution by the surviving
company or corporation or its parent of an award with substantially the same terms for the Restricted Stock Units; (iii) accelerated vesting with respect to the Restricted Stock Units immediately prior to the occurrence of such event and
payment to the Participant within thirty (30) days thereafter; and (iv) cancellation of all or any portion of the Restricted Stock Units for fair value (in the form of cash or its equivalent (e.g., by check), other property or any
combination thereof) as determined in the sole discretion of the Committee and which value may be zero (if the fair value of the underlying stock is zero), and payment to the Participant within thirty (30) days thereafter. 

4. Investment Representation. The Participant must, within five (5) days of demand by the Company furnish the Company an agreement
satisfactory to the Company in which the Participant represents that the shares of Stock acquired upon vesting are being acquired for investment. The Company will have the right, at its election, to place legends on the certificates representing the
shares of Stock so being issued with respect to limitations on transferability imposed by federal and/or state laws, and the Company will have the right to issue “stop transfer” instructions to its transfer agent. 

5. Participant Bound by Plan. The Participant hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms
and provisions thereof as amended from time to time. 

  
 4 








 6. Withholding. The Company or any Parent or Subsidiary shall have the right and is hereby
authorized to withhold, any applicable withholding taxes in respect of the Restarted Stock Units awarded by this Agreement, their grant, vesting or otherwise, and to take such other action as may be necessary in the opinion of the Company to satisfy
all obligations for the payment of such withholding taxes, which may include, without limitation, reducing the number of shares otherwise distributable to the Participant by the number of shares of Stock whose Fair Market Value is equal to the
amount of tax required to be withheld by the Company or a Parent or Subsidiary as a result of the vesting or settlement or otherwise of the Restricted Stock Units. 

7. Notices. Any notice hereunder to the Company must be addressed to: MGM Resorts International, 3600 Las Vegas Boulevard South, Las
Vegas, Nevada 89109, Attention: 2005 Omnibus Incentive Plan Administrator, and any notice hereunder to the Participant must be addressed to the Participant at the Participant’s last address on the records of the Company, subject to the right of
either party to designate at any time hereafter in writing some other address. Any notice shall be deemed to have been duly given on personal delivery or three (3) days after being sent in a properly sealed envelope, addressed as set forth
above, and deposited (with first class postage prepaid) in the United States mail. 
 8. Entire Agreement. This Agreement and the Plan
constitute the entire agreement between the parties hereto with regard to the subject matter hereof and shall supersede any other agreements, representations or understandings (whether oral or written and whether express or implied, and including,
without limitation, any employment agreement between the Participant and the Company or any of its affiliates (including, without limitation, any Parent or Subsidiary) whether previously entered into, currently effective or entered into in the
future that includes terms and conditions regarding equity awards) which relate to the subject matter hereof. 
 9. Waiver. No waiver
of any breach or condition of this Agreement shall be deemed a waiver of any other or subsequent breach or condition whether of like or different nature. 

10. Participant Undertaking. The Participant agrees to take whatever additional action and execute whatever additional documents the
Company may deem necessary or advisable to carry out or effect one or more of the obligations or restrictions imposed on either the Participant or the Restricted Stock Units pursuant to this Agreement. 

11. Successors and Assigns. The provisions of this Agreement shall inure to the benefit of, and be binding upon, the Company and its
successors and assigns and upon the Participant, the Participant’s assigns and the legal representatives, heirs and legatees of the Participant’s estate, whether or not any such person shall have become a party to this Agreement and agreed
in writing to be joined herein and be bound by the terms hereof. 
 12. Governing Law. The parties hereto agree that the validity,
construction and interpretation of this Agreement shall be governed by the laws of the state of Nevada. 
 13. Arbitration. Except as
otherwise provided in Exhibit A to this Agreement (which constitutes a material provision of this Agreement), disputes relating to this Agreement shall be resolved by arbitration pursuant to Exhibit A hereto. 

14. Clawback Policy. By accepting this award the Participant hereby agrees that this award and any other compensation paid or payable to
the Participant is subject to Company’s 

  
 5 








 
Policy on Recovery of Incentive Compensation in Event of Financial Restatement (or any successor policy) as in effect from time to time, and that this award shall be considered a bonus for
purposes of such policy. In addition, the Participant agrees that such policy may be amended from time to time by the Board in a manner designed to comply with applicable law and/or stock exchange listing requirements. The Participant also hereby
agrees that the award granted hereunder and any other compensation payable to the Participant shall be subject to recovery (in whole or in part) by the Company to the minimum extent required by applicable law and/or stock exchange listing
requirements. 
 15. Amendment. This Agreement may not be altered, modified, or amended except by written instrument signed by the
parties hereto; provided that the Company may alter, modify or amend this Agreement unilaterally if such change is not materially adverse to the Participant or to cause this Agreement to comply with applicable law. 

16. Severability. The provisions of this Agreement are severable and if any portion of this Agreement is declared contrary to any law,
regulation or is otherwise invalid, in whole or in part, the remaining provisions of this Agreement shall nevertheless be binding and enforceable. 

17. Execution. Each party agrees that an electronic, facsimile or digital signature or an online acceptance or acknowledgment will be
accorded the full legal force and effect of a handwritten signature under Nevada law. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same
instrument. 
 18. Variation of Pronouns. All pronouns and any variations thereof contained herein shall be deemed to refer to
masculine, feminine, neuter, singular or plural, as the identity of the person or persons may require. 
 19. Tax Treatment;
Section 409A. The Participant shall be responsible for all taxes with respect to the Restricted Stock Units. Notwithstanding the forgoing or any provision of the Plan or this Agreement: 

19.1 The parties agree that this Agreement shall be interpreted to comply with or be exempt from Section 409A, and all provisions of this
Agreement shall be construed in a manner consistent with the requirements for avoiding taxes or penalties under Section 409A. If any provision of this Agreement or the Plan contravenes Section 409A or could cause the Participant to incur
any tax, interest or penalties under Section 409A, the Committee may, in its sole discretion and without the Participant’s consent, modify such provision in order to comply with the requirements of Section 409A or to satisfy the
conditions of any exception therefrom, or otherwise to avoid the imposition of the additional income tax and interest under Section 409A, while maintaining, to the maximum extent practicable, the original intent and economic benefit to the
Participant, without materially increasing the cost to the Company, of the applicable provision. However, the Company makes no guarantee regarding the tax treatment of the Restricted Stock Units and none of the Company, its Parent, Subsidiaries or
affiliates, nor any of their employees or representatives shall have any liability to the Participant with respect thereto. 
 19.2 A
termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits considered “nonqualified deferred compensation” under Section 409A
upon 

  
 6 








 
or following a termination of employment unless such termination is also a “separation from service” within the meaning of Section 409A and, for purposes of any such provision of
this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” If the Participant is deemed on the date of termination to be a “specified
employee” within the meaning of that term under Code Section 409A(a)(2)(B), then with regard to any payment or the provision of any benefit that is considered nonqualified deferred compensation under Section 409A payable on account of
a “separation from service,” such payment or benefit shall be made or provided at the date which is the earlier of (i) the expiration of the six (6)-month period measured from the date of such “separation from service” of
the Participant, and (ii) the date of the Participant’s death (the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this Section 19.2 (whether they would have
otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed on the first business day following the expiration of the Delay Period to the Participant in a lump sum, and any remaining payments
and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. 

19.3 For purposes of Section 409A, the Participant’s right to receive any installment payments pursuant to this Agreement shall be
treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within thirty (30) days
following the date of termination”), the actual date of payment within the specified period shall be within the sole discretion of the Company. 

*        *        * 

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 7 








 IN WITNESS WHEREOF, the parties hereto have executed this Restricted Stock Units Agreement as of
the date first written above. 
  

			
	MGM RESORTS INTERNATIONAL
		
	By:	 	  

	 Name:
 Title:
	 	
	
	PARTICIPANT
		
	By:	 	  

	Name:	 	James J. Murren


 [Signature Page to Restricted Stock Units Agreement] 

  
 8 








 EXHIBIT A 

ARBITRATION 
 This Exhibit A sets forth the
methods for resolving disputes should any arise under the Agreement, and accordingly, this Exhibit A shall be considered a part of the Agreement. 
  

	1.	Except for a claim by either Participant or the Company for injunctive relief where such would be otherwise authorized by law, any controversy or claim arising out of or relating to the Agreement or the breach hereof
including without limitation any claim involving the interpretation or application of the Agreement or the Plan, shall be submitted to binding arbitration in accordance with the employment arbitration rules then in effect of the Judicial Arbitration
and Mediation Service (“JAMS”), to the extent not inconsistent with this paragraph. This Exhibit A covers any claim Participant might have against any officer, director, employee, or agent of the Company, or any of the Company’s
subsidiaries, divisions, and affiliates, and all successors and assigns of any of them. The promises by the Company and Participant to arbitrate differences, rather than litigate them before courts or other bodies, provide consideration for each
other, in addition to other consideration provided under the Agreement. 

  

	2.	Claims Subject to Arbitration. This Exhibit A contemplates mandatory arbitration to the fullest extent permitted by law. Only claims that are justiciable under applicable state or federal law are covered by this
Exhibit A. Such claims include any and all alleged violations of any state or federal law whether common law, statutory, arising under regulation or ordinance, or any other law, brought by any current or former employees. 


 

	3.	Non-Waiver of Substantive Rights. This Exhibit A does not waive any rights or remedies available under applicable statutes or common law. However, it does waive Participant’s right to pursue those rights and
remedies in a judicial forum. By signing the Agreement and the acknowledgment at the end of this Exhibit A, the undersigned Participant voluntarily agrees to arbitrate his or her claims covered by this Exhibit A. 


 

	4.	Time Limit to Pursue Arbitration; Initiation: To ensure timely resolution of disputes, Participant and the Company must initiate arbitration within the statute of limitations (deadline for filing) provided for by
applicable law pertaining to the claim. The failure to initiate arbitration within this time limit will bar any such claim. The parties understand that the Company and Participant are waiving any longer statutes of limitations that would otherwise
apply, and any aggrieved party is encouraged to give written notice of any claim as soon as possible after the event(s) in dispute so that arbitration of any differences may take place promptly. The parties agree that the aggrieved party must,
within the time frame provided by this Exhibit A, give written notice of a claim pursuant to Section 7 of the Agreement. In the event such notice is to be provided to the Company, the Participant shall provide a copy of such notice of a claim
to the Company’s Executive Vice President and General Counsel. Written notice shall identify and describe the nature of the claim, the supporting facts and the relief or remedy sought. 


 

	5.	 Selecting an Arbitrator: This Exhibit A mandates Arbitration under the then current rules of the Judicial
Arbitration and Mediation Service (JAMS) regarding employment disputes. The arbitrator shall be either a retired judge or an attorney experienced in employment law and licensed to practice in the state in which arbitration is convened.










 
The parties shall select one arbitrator from among a list of three qualified neutral arbitrators provided by JAMS. If the parties are unable to agree on the arbitrator, each party shall strike
one name and the remaining named arbitrator shall be selected. 
  

	6.	Representation/Arbitration Rights and Procedures: 

  

	 	a.	Participant may be represented by an attorney of his/her choice at his/her own expense. 

  

	 	b.	The arbitrator shall apply the substantive law (and the law of remedies, if applicable) of Nevada (without regard to its choice of law provisions) and/or federal law when applicable. In all cases, this Exhibit A shall
provide for the broadest level of arbitration of claims between the Company and Participant under Nevada or applicable federal law. The arbitrator is without jurisdiction to apply any different substantive law or law of remedies. 


 

	 	c.	The arbitrator shall have no authority to award non-economic damages or punitive damages except where such relief is specifically authorized by an applicable state or federal statute or common law. In such a situation,
the arbitrator shall specify in the award the specific statute or other basis under which such relief is granted. 

  

	 	d.	The applicable law with respect to privilege, including attorney-client privilege, work product, and offers to compromise must be followed. 


 

	 	e.	The parties shall have the right to conduct reasonable discovery, including written and oral (deposition) discovery and to subpoena and/or request copies of records, documents and other relevant discoverable information
consistent with the procedural rules of JAMS. The arbitrator shall decide disputes regarding the scope of discovery and shall have authority to regulate the conduct of any hearing and/or trial proceeding. The arbitrator shall have the right to
entertain a motion to dismiss and/or motion for summary judgment. 

  

	 	f.	The parties shall exchange witness lists at least 30 days prior to the trial/hearing procedure. The arbitrator shall have subpoena power so that either Participant or the Company may summon witnesses. The arbitrator
shall use the Federal Rules of Evidence. Both parties have the right to file a post hearing brief. Any party, at its own expense, may arrange for and pay the cost of a court reporter to provide a stenographic record of the proceedings.


  

	 	g.	Any arbitration hearing or proceeding shall take place in private, not open to the public, in Las Vegas, Nevada. 

  

	7.	 Arbitrator’s Award: The arbitrator shall issue a written decision containing the specific issues
raised by the parties, the specific findings of fact, and the specific conclusions of law. The award shall be rendered promptly, typically within 30 days after conclusion of the arbitration hearing, or the submission of post-hearing briefs if
requested. The arbitrator may not award any relief or remedy in excess of what a court could grant under applicable law. The arbitrator’s decision is final and binding on both parties. Judgment











	 	
upon an award rendered by the arbitrator may be entered in any court having competent jurisdiction. 

  

	 	a.	Either party may bring an action in any court of competent jurisdiction to compel arbitration under this Exhibit A and to enforce an arbitration award. 


 

	 	b.	In the event of any administrative or judicial action by any agency or third party to adjudicate a claim on behalf of Participant which is subject to arbitration under this Exhibit A, Participant hereby waives the right
to participate in any monetary or other recovery obtained by such agency or third party in any such action, and Participant’s sole remedy with respect to any such claim shall be any award decreed by an arbitrator pursuant to the provisions of
this Exhibit A. 

  

	8.	Fees and Expenses: The Company shall be responsible for paying any filing fee and the fees and costs of the arbitrator; provided, however, that if Participant is the party initiating the claim, Participant will
contribute an amount equal to the filing fee to initiate a claim in the court of general jurisdiction in the state in which Participant is (or was last) employed by the Company. Participant and the Company shall each pay for their own expenses,
attorney’s fees (a party’s responsibility for his/her/its own attorney’s fees is only limited by any applicable statute specifically providing that attorney’s fees may be awarded as a remedy), and costs and fees regarding
witness, photocopying and other preparation expenses. If any party prevails on a statutory claim that affords the prevailing party attorney’s fees and costs, or if there is a written agreement providing for attorney’s fees and/or costs,
the arbitrator may award reasonable attorney’s fees and/or costs to the prevailing party, applying the same standards a court would apply under the law applicable to the claim(s). 


 

	9.	The arbitration provisions of this Exhibit A shall survive the termination of Participant’s employment with the Company and the expiration of the Agreement. These arbitration provisions can only be modified or
revoked in a writing signed by both parties and which expressly states an intent to modify or revoke the provisions of this Exhibit A. 

  

	10.	The arbitration provisions of this Exhibit A do not alter or affect the termination provisions of this Agreement. 

  

	11.	Capitalized terms not defined in this Exhibit A shall have the same definition as in the Agreement to which this is Exhibit A. 

  

	12.	If any provision of this Exhibit A is adjudged to be void or otherwise unenforceable, in whole or in part, such adjudication shall not affect the validity of the remainder of Exhibit A. All other provisions shall remain
in full force and effect. 








 ACKNOWLEDGMENT 

BOTH PARTIES ACKNOWLEDGE THAT: THEY HAVE CAREFULLY READ THIS EXHIBIT A IN ITS ENTIRETY, THEY UNDERSTAND ITS TERMS, EXHIBIT A CONSTITUTES A MATERIAL TERM
AND CONDITION OF THE RESTRICTED STOCK UNITS AGREEMENT BETWEEN THE PARTIES TO WHICH IT IS EXHIBIT A, AND THEY AGREE TO ABIDE BY ITS TERMS. 
 The parties
also specifically acknowledge that by agreeing to the terms of this Exhibit A, they are waiving the right to pursue claims covered by this Exhibit A in a judicial forum and instead agree to arbitrate all such claims before an arbitrator without a
court or jury. It is specifically understood that this Exhibit A does not waive any rights or remedies which are available under applicable state and federal statutes or common law. Both parties enter into this Exhibit A voluntarily and not in
reliance on any promises or representation by the other party other than those contained in the Agreement or in this Exhibit A. 
 Participant further
acknowledges that Participant has been given the opportunity to discuss this Exhibit A with Participant’s private legal counsel and that Participant has availed himself/herself of that opportunity to the extent Participant wishes to do so. 

*        *        * 

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