Document:

EX-4.9

 EXHIBIT 4.9 

Annual Incentive Program - Automatic Grant 

TEAM MEMBER AIP OTHER STOCK UNIT AWARD GRANT NOTICE AND AWARD AGREEMENT 

Congratulations! As a key leader in our business, you have been in a position to have significant influence on the outcomes that affect our
guests and Pinnacle Entertainment, Inc. (the “Company” or “Pinnacle”). I am pleased to inform you that, in recognition of the role you play in our collective success, and the results attained under the Annual
Incentive Plan, you have been granted a restricted stock unit award (or “Other Stock Unit Award”). This award is subject to the terms and conditions of the 2005 Equity and Performance Incentive Plan and the following Other Stock
Unit Award Agreement, which are in all events the governing documents for your award. The details of this award are indicated below. 
  

					
	Grantee:	    	  
	  	
	Date of Grant:	    	  
	  	
	Covered Shares of Common Stock:	    	  
	  	
	Performance Period:	    	Calendar Year Prior to the Date of Grant	  	
	Vesting Date:	    	Date of Grant	  	
	Settlement Date:	    	January 1st Immediately Following the Date of Grant

 Restricted stock units can be a great opportunity for individual wealth creation. As our Company becomes more
valuable through management running the business better and through growth opportunities, the value or price of a share of the Company’s common stock should increase. Through your efforts and the efforts of your colleagues, you have the ability
to help increase the value of the Company for all shareholders. 
 Thank you for all you do each and every day as a leader and owner of the
Company. Our focus on driving profitable revenues, eliminating non-value added expense and investing our capital prudently is collectively building a much stronger Pinnacle. We are establishing a balanced portfolio of properties as we continue to
grow nationally and internationally, and are well on our way to becoming the BEST CASINO ENTERTAINMENT COMPANY IN THE WORLD. 
 It is an
exciting time to be part of Pinnacle Entertainment! 
 Anthony Sanfilippo 

Chief Executive Officer 

 THIS OTHER STOCK UNIT AWARD AGREEMENT (together with the above grant notice (the “Grant
Notice”), the “Agreement”) is made and entered into as of the date set forth on the Grant Notice by and between Pinnacle Entertainment, Inc., a Delaware corporation (the “Company”), and the individual (the
“Grantee”) set forth on the Grant Notice. 
 A.   Pursuant to the Pinnacle Entertainment, Inc. 2005 Equity
and Performance Incentive Plan, as amended (the “Plan”), and the Annual Incentive Plan, the Compensation Committee (the “Committee”) has determined that it is to the advantage and best interest of the Company to
grant to the Grantee this Award of Other Stock Unit Awards (the “Award”) covering the number of shares of the Common Stock of the Company (the “Shares”) set forth on the Grant Notice, and in all respects subject to
the terms, definitions and provisions of the Plan, which is incorporated herein by reference. 
 B.   Unless otherwise defined
herein, capitalized terms used in this Agreement shall have the meanings set forth in the Plan. 
 NOW, THEREFORE, in consideration of the
mutual agreements contained herein, the Grantee and the Company hereby agree as follows: 
 1.   Acceptance of Agreement. Grantee has
reviewed the Plan and this Agreement, and all provisions of the Plan and Agreement. By electronically accepting this Award according to the instructions provided by the Company’s designated broker, Grantee agrees that this electronic contract
contains Grantee’s electronic signature, which Grantee has executed with the intent to sign this Agreement, and that this Award is granted under and governed by the terms and conditions of the Plan and this Agreement. Grantee hereby agrees to
accept as binding, conclusive and final all decisions or interpretations of the Committee on questions relating to the Plan and this Agreement. 

2.   Grant of Award. The Company hereby grants to Grantee an Other Stock Unit Award in the form of a Restricted Stock Unit with the
number of shares such Award represents determined by the average of the closing sale price of the Company’s Common Stock on the last trading day of each month during the period beginning with the month immediately preceding the first month of
the Performance Period and ending with the last month of the Performance Period, subject to the terms and conditions set forth in this Agreement, the Plan and the Annual Incentive Plan. The Company shall maintain an account (“Stock Unit
Account”) on its books in the name of the Grantee which shall reflect the number of Other Stock Unit Awards awarded to the Grantee that the Grantee is eligible to receive in distribution pursuant to this Agreement. The Other Stock Unit
Awards granted hereunder shall be subject to the terms and provisions of the Plan, and all capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Plan. The Other Stock Unit Awards shall not be entitled to
Dividend Equivalents under Section 12.5 of the Plan, but shall be subject to adjustment in accordance with Section 12.2 of the Plan. 

3.   Vesting and Forfeiture. This Award shall become fully vested on the vesting date set forth in the Grant Notice (the “Vesting
Date”), subject to the following conditions: 
 3.1.   If, before the Vesting Date, the Grantee voluntarily
terminates his or her Continuous Status as an Employee, Director or Consultant for any reason other than “good reason” (as defined in the Grantee’s employment agreement with the Company, if applicable), this Award shall never vest,
but shall be forfeited in full and revert to the Company; provided, however, that the Chief Executive Officer shall have the discretion to recommend to the Committee, and the Committee shall have the discretion to approve, the full and immediate
acceleration of vesting of the Award and settlement in accordance with Section 4. 
 3.2.   If, before the Vesting Date,
the Grantee’s employment with the Company is terminated by the Company for Cause, this Award shall never vest, but shall be forfeited in full and revert to the Company. 

3.3.   If, before the Vesting Date, the Grantee terminates employment with the Company for “good reason” (as defined
in the Grantee’s employment agreement with the Company, if applicable) or the Grantee’s 

  
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employment with the Company is terminated by the Company without Cause, this Award shall vest fully and immediately and be settled in accordance with Section 4. 

3.4.   If, before the Vesting Date, a Change of Control (as defined in the Plan) occurs, this Award shall become fully vested
immediately prior to the consummation of the Change of Control. 
 3.5   If, after the Vesting Date but before the settlement
date set forth in the Grant Notice (the “Settlement Date”), the Grantee’s employment with the Company is terminated by the Company for Cause, this Award shall be forfeited in full and revert to the Company. 

4.   Settlement Date and Transfer of Shares. This Award (to the extent vested) shall be settled by the Company by the issuance of Shares
on the settlement date set forth in the Grant Notice (the “Settlement Date”), and delivery of such Shares on the following business day; provided, however, that if the Grantee’s Continuous Status as an Employee, Director or
Consultant terminates for any reason (other than Cause) before the July 1 immediately preceding the Settlement Date, the Award (to the extent vested) shall be settled on account of the Grantee’s termination of Continuous Status as an
Employee, Director or Consultant on the first business day that is six months after such termination. 
 Any issuance of Shares shall be made
only in whole Shares, and any fractional shares shall be distributed in an equivalent cash amount. Such distributed Shares shall be registered in the name of the Grantee (or if applicable, the Beneficiaries of the Grantee) and distributed to the
Grantee (or if applicable, the Beneficiaries of the Grantee) on the distribution date(s) described above. 
 5.   General. 

5.1.   Governing Law. This Agreement shall be governed by and construed under the laws of the State of Delaware
applicable to agreements made and to be performed entirely in Delaware, without regard to the conflicts of law provisions of Delaware or any other jurisdiction. 

5.2.   Community Property. Without prejudice to the actual rights of the spouses as between each other, for all purposes
of this Agreement, the Grantee shall be treated as agent and attorney-in-fact for that interest held or claimed by his or her spouse with respect to this Award and the parties hereto shall act in all matters as if the Grantee was the sole owner of
this Award. This appointment is coupled with an interest and is irrevocable. 
 5.3.   No Employment Rights. Nothing
herein contained shall be construed as an agreement by the Company or any of its subsidiaries, express or implied, to employ the Grantee or contract for the Grantee’s services, to restrict the Company’s or such subsidiary’s right to
discharge the Grantee or cease contracting for the Grantee’s services or to modify, extend or otherwise affect in any manner whatsoever the terms of any employment agreement or contract for services which may exist between the Grantee and the
Company or any of its subsidiaries. 
 5.4.   Application to Other Stock. In the event any capital stock of the Company
or any other corporation shall be distributed on, with respect to, or in exchange for shares of Common Stock as a stock dividend, stock split, reclassification or recapitalization in connection with any merger or reorganization or otherwise, all
restrictions, rights and obligations set forth in this Agreement shall apply with respect to such other capital stock to the same extent as they are, or would have been applicable, to the Shares on or with respect to which such other capital stock
was distributed. 
 5.5.   No Third-Party Benefits. Except as otherwise expressly provided in this Agreement, none of
the provisions of this Agreement shall be for the benefit of, or enforceable by, any third-party beneficiary. 

5.6.   Successors and Assigns. Except as provided herein to the contrary, this Agreement shall be binding upon and inure
to the benefit of the parties, their respective successors and permitted assigns. 

  
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 5.7.   No Assignment. Except as otherwise provided in this Agreement, the
Grantee may not assign any of his, her or its rights under this Agreement without the prior written consent of the Company, which consent may be withheld in its sole discretion. The Company shall be permitted to assign its rights or obligations
under this Agreement, but no such assignment shall release the Company of any obligations pursuant to this Agreement. 

5.8.   Severability. The validity, legality or enforceability of the remainder of this Agreement shall not be affected
even if one or more of the provisions of this Agreement shall be held to be invalid, illegal or unenforceable in any respect. 

5.9.   Equitable Relief. The Grantee acknowledges that, in the event of a threatened or actual breach of any of the
provisions of this Agreement, damages alone will be an inadequate remedy, and such breach will cause the Company great, immediate and irreparable injury and damage. Accordingly, the Grantee agrees that the Company shall be entitled to injunctive and
other equitable relief, and that such relief shall be in addition to, and not in lieu of, any remedies it may have at law or under this Agreement. 

5.10.   Arbitration. 

5.10.1.   General. Any controversy, dispute, or claim between the parties to this Agreement, including any claim arising
out of, in connection with, or in relation to the formation, interpretation, performance or breach of this Agreement shall be settled exclusively by arbitration, before a single arbitrator, in accordance with this Section 5.10 and the then most
applicable rules of the American Arbitration Association. Judgment upon any award rendered by the arbitrator may be entered by any state or federal court having jurisdiction thereof. Such arbitration shall be administered by the American Arbitration
Association. Arbitration shall be the exclusive remedy for determining any such dispute, regardless of its nature. Notwithstanding the foregoing, either party may in an appropriate matter apply to a court for provisional relief, including a
temporary restraining order or a preliminary injunction, on the ground that the award to which the applicant may be entitled in arbitration may be rendered ineffectual without provisional relief. Unless mutually agreed by the parties otherwise, any
arbitration shall take place in the City of Las Vegas, Nevada. 
 5.10.2.   Selection of Arbitrator. In the event the
parties are unable to agree upon an arbitrator, the parties shall select a single arbitrator from a list of nine arbitrators drawn by the parties at random from the “Independent” (or “Gold Card”) list of retired judges or, at the
option of the Grantee, from a list of nine persons (which shall be retired judges or corporate or litigation attorneys experienced in stock incentives and buy-sell agreements) provided by the office of the American Arbitration Association having
jurisdiction over Las Vegas, Nevada. If the parties are unable to agree upon an arbitrator from the list so drawn, then the parties shall each strike names alternately from the list, with the first to strike being determined by lot. After each party
has used four strikes, the remaining name on the list shall be the arbitrator. If such person is unable to serve for any reason, the parties shall repeat this process until an arbitrator is selected. 

5.10.3.   Applicability of Arbitration; Remedial Authority. This agreement to resolve any disputes by binding arbitration
shall extend to claims against any parent, subsidiary or affiliate of each party, and, when acting within such capacity, any officer, director, stockholder, employee or agent of each party, or of any of the above, and shall apply as well to claims
arising out of state and federal statutes and local ordinances as well as to claims arising under the common law. In the event of a dispute subject to this paragraph the parties shall be entitled to reasonable discovery subject to the discretion of
the arbitrator. The remedial authority of the arbitrator (which shall include the right to grant injunctive or other equitable relief) shall be the same as, but no greater than, would be the remedial power of a court having jurisdiction over the
parties and their dispute. The arbitrator shall, upon an appropriate motion, dismiss any claim without an evidentiary hearing if the party bringing the motion establishes that he or it would be entitled to summary judgment if the matter had been
pursued in court litigation. In the event of a conflict between the applicable rules of the American Arbitration Association and these procedures, the provisions of these procedures shall govern. 

 5.10.4.   Fees and Costs. Any filing or administrative fees shall be borne
initially by the party requesting arbitration. The Company shall be responsible for the costs and fees of the arbitration, unless the Grantee 

  
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wishes to contribute (up to 50%) of the costs and fees of the arbitration. Notwithstanding the foregoing, the prevailing party in such arbitration, as determined by the arbitrator, and in any
enforcement or other court proceedings, shall be entitled, to the extent permitted by law, to reimbursement from the other party for all of the prevailing party’s costs (including but not limited to the arbitrator’s compensation),
expenses, and attorneys’ fees. 
 5.10.5.   Award Final and Binding. The arbitrator shall render an award and
written opinion, and the award shall be final and binding upon the parties. If any of the provisions of this paragraph, or of this Agreement, are determined to be unlawful or otherwise unenforceable, in whole or in part, such determination shall not
affect the validity of the remainder of this Agreement, and this Agreement shall be reformed to the extent necessary to carry out its provisions to the greatest extent possible and to insure that the resolution of all conflicts between the parties,
including those arising out of statutory claims, shall be resolved by neutral, binding arbitration. If a court should find that the arbitration provisions of this Agreement are not absolutely binding, then the parties intend any arbitration decision
and award to be fully admissible in evidence in any subsequent action, given great weight by any finder of fact, and treated as determinative to the maximum extent permitted by law. 

5.11.   Section 409A. The Plan and this Grant of Other Stock Unit Awards shall be interpreted in compliance with
Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (“Section 409A”). In the event that any compensation with respect to the Grantee’s separation from service is “deferred
compensation” within the meaning of Section 409A, the stock of the Company or any affiliate is publicly traded on an established securities market or otherwise, and the Grantee is determined to be a “specified
employee”, as defined in Section 409A(a)(2)(B)(i) of the Code, transfer of the Shares covered by vested Other Stock Unit Awards shall be delayed as required by Section 409A. Such delay shall last six months from the date of the
Grantee’s separation from service, except in the event of Executive’s death. For all purposes of the Award, references herein to “termination” of Continuous Status as an Employee, Director or Consultant or other terms of
similar import shall in each case mean and require a “separation from service” within the meaning of Section 409A. Grantee shall have no right directly or indirectly to designate the taxable year of payment. Until the transfer
of Shares under Section 4 hereof, the Other Stock Unit Awards shall represent only an unsecured and unfunded promise to deliver the Shares in the future, and the rights of the Grantee against the Company shall be only those of an unsecured
creditor. 
 5.12.   Withholding Taxes. The Company has the right to take whatever steps the Company deems necessary or
appropriate to comply with all applicable federal, state, local, and employment tax withholding requirements, and the Company’s obligations to deliver shares of Common Stock upon the settlement of this Award will be conditioned upon compliance
with all such withholding tax requirements. Without limiting the generality of the foregoing, upon the settlement of this Award, the Company will have the right to withhold taxes from any other compensation or other amounts which it may owe to the
Grantee, or to require the Grantee to pay to the Company the amount of any taxes which the Company may be required to withhold with respect to the shares issued on such exercise. Without limiting the generality of the foregoing, the Committee in its
discretion may authorize the Grantee to satisfy all or part of any withholding tax liability by (a) having the Company withhold from the shares of Common Stock which would otherwise be issued on the settlement of an Award that number of shares
having a Fair Market Value, as of the date the withholding tax liability arises, equal to or less than the amount of the Company’s withholding tax liability, or (b) by delivering to the Company previously-owned and unencumbered shares of
the Common Stock having a Fair Market Value, as of the date the withholding tax liability arises, equal to or less than the amount of the Company’s withholding tax liability. 

5.13.   Headings. The section headings in this Agreement are inserted only as a matter of convenience, and in no way
define, limit, extend or interpret the scope of this Agreement or of any particular section. 
 5.14.   Number and
Gender. Throughout this Agreement, as the context may require, (a) the masculine gender includes the feminine and the neuter gender includes the masculine and the feminine; (b) the singular tense and number includes the plural, and the
plural tense and number includes the singular; (c) the past tense includes the present, and the present tense includes the past; (d) references to parties, sections, paragraphs and exhibits mean the

 
parties, sections, paragraphs and exhibits of and to this Agreement; and (e) periods of days, weeks or months mean calendar days, weeks or months. 

  
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 5.15.   Electronic Delivery and Disclosure. The Company may, in its sole
discretion, decide to deliver or disclose, as applicable, any documents related to this Award granted under the Plan, future awards that may be granted under the Plan, the prospectus related to the Plan, the Company’s annual reports or proxy
statements by electronic means or to request Grantee’s consent to participate in the Plan by electronic means. Grantee hereby consents to receive such documents delivered electronically or to retrieve such documents furnished electronically, as
applicable, and agrees to participate in the Plan through any online or electronic system established and maintained by the Company or another third party designated by the Company. 

5.16.   Data Privacy. Grantee agrees that all of Grantee’s information that is described or referenced in this
Agreement and the Plan may be used by the Company, its affiliates and the designated broker and its affiliates to administer and manage Grantee’s participation in the Plan. 

5.17.   Acknowledgments of Grantee. Grantee has reviewed the Plan and this Agreement in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Agreement, fully understands all provisions of the Plan and Agreement and, by accepting the Notice of Grant, acknowledges and agrees to all of the provisions of the Plan and this
Agreement. 
 5.18.   Complete Agreement. The Grant Notice, this Agreement and the Plan constitute the parties’
entire agreement with respect to the subject matter hereof and supersede all agreements, representations, warranties, statements, promises and understandings, whether oral or written, with respect to the subject matter hereof. 

5.19.   Waiver of Jury Trial. TO THE EXTENT EITHER PARTY INITIATES LITIGATION INVOLVING THIS AGREEMENT OR ANY ASPECT OF
THE RELATIONSHIP BETWEEN US (EVEN IF OTHER PARTIES OR OTHER CLAIMS ARE INCLUDED IN SUCH LITIGATION), ALL OF THE PARTIES WAIVE THEIR RIGHT TO A TRIAL BY JURY. THIS WAIVER WILL APPLY TO ALL CAUSES OF ACTION THAT ARE OR MIGHT BE INCLUDED IN SUCH
ACTION, INCLUDING CLAIMS RELATED TO THE ENFORCEMENT OR INTERPRETATION OF THIS AGREEMENT, ALLEGATIONS OF STATE OR FEDERAL STATUTORY VIOLATIONS, FRAUD, MISREPRESENTATION, OR SIMILAR CAUSES OF ACTION, AND IN CONNECTION WITH ANY LEGAL ACTION INITIATED
FOR THE RECOVERY OF DAMAGES BETWEEN OR AMONG US OR BETWEEN OR AMONG ANY OF OUR OWNERS, AFFILIATES, OFFICERS, EMPLOYEES OR AGENTS. 

  
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 EXHIBIT 4.10 

Annual Incentive Program - Elected Grant 

TEAM MEMBER AIP OTHER STOCK UNIT AWARD GRANT NOTICE AND AWARD AGREEMENT 

Congratulations! As a key leader in our business, you have been in a position to have significant influence on the outcomes that affect our
guests and Pinnacle Entertainment, Inc. (the “Company” or “Pinnacle”). In recognition of the results attained under the Annual Incentive Plan and the elections you have made under the Deferred Compensation Plan, you
have been granted a restricted stock unit award (or “Other Stock Unit Award”). This award is subject to the terms and conditions of the 2005 Equity and Performance Incentive Plan and the following Other Stock Unit Award Agreement,
which are in all events the governing documents for your award. The details of this award are indicated below. 
  

					
	Grantee:	    	  
	  	
	Date of Grant:	    	  
	  	
	Covered Shares of Common Stock:	    	  
	  	
	Performance Period:	    	Calendar Year Prior to the Date of Grant	  	
	Vesting Date:	    	Date of Grant	  	
	Settlement Date:	    	January 1st Immediately Following the Date of Grant

 Restricted stock units can be a great opportunity for individual wealth creation. As our Company becomes more
valuable through management running the business better and through growth opportunities, the value or price of a share of the Company’s common stock should increase. Through your efforts and the efforts of your colleagues, you have the ability
to help increase the value of the Company for all shareholders. 
 Thank you for all you do each and every day as a leader and owner of the
Company. Our focus on driving profitable revenues, eliminating non-value added expense and investing our capital prudently is collectively building a much stronger Pinnacle. We are establishing a balanced portfolio of properties as we continue to
grow nationally and internationally, and are well on our way to becoming the BEST CASINO ENTERTAINMENT COMPANY IN THE WORLD. 
 It is an
exciting time to be part of Pinnacle Entertainment! 
 Anthony Sanfilippo 

Chief Executive Officer 

 THIS OTHER STOCK UNIT AWARD AGREEMENT (together with the above grant notice (the “Grant
Notice”), the “Agreement”) is made and entered into as of the date set forth on the Grant Notice by and between Pinnacle Entertainment, Inc., a Delaware corporation (the “Company”), and the individual (the
“Grantee”) set forth on the Grant Notice. 
 A.   Pursuant to the Pinnacle Entertainment, Inc. 2005 Equity
and Performance Incentive Plan, as amended (the “Plan”), and the Annual Incentive Plan, the Compensation Committee (the “Committee”) has determined that it is to the advantage and best interest of the Company to
grant to the Grantee this Award of Other Stock Unit Awards (the “Award”) covering the number of shares of the Common Stock of the Company (the “Shares”) set forth on the Grant Notice and in all respects subject to
the terms, definitions and provisions of the Plan, which is incorporated herein by reference. 
 B.   Unless otherwise defined
herein, capitalized terms used in this Agreement shall have the meanings set forth in the Plan. 
 NOW, THEREFORE, in consideration of the
mutual agreements contained herein, the Grantee and the Company hereby agree as follows: 
 1.   Acceptance of Agreement. Grantee has
reviewed the Plan and this Agreement, and all provisions of the Plan and Agreement. By electronically accepting this Award according to the instructions provided by the Company’s designated broker, Grantee agrees that this electronic contract
contains Grantee’s electronic signature, which Grantee has executed with the intent to sign this Agreement, and that this Award is granted under and governed by the terms and conditions of the Plan and this Agreement. Grantee hereby agrees to
accept as binding, conclusive and final all decisions or interpretations of the Committee on questions relating to the Plan and this Agreement. 

2.   Grant of Award. The Company hereby grants to Grantee an Other Stock Unit Award in the form of a Restricted Stock Unit, with the
number of shares such Award represents determined by the average of the closing sale price of the Company’s Common Stock on the last trading day of each month during the period beginning with the month immediately preceding the first month of
the Performance Period and ending with the last month of the Performance Period, subject to the terms and conditions set forth in this Agreement and in the Plan. Grantee has elect, in compliance with Section 409A of the Code, this Award, and the
Company shall maintain an account (“Stock Unit Account”) on its books in the name of the Grantee which shall reflect the number of Other Stock Unit Awards awarded to the Grantee that the Grantee is eligible to receive in
distribution pursuant to this Agreement. The Other Stock Unit Awards granted hereunder shall be subject to the terms and provisions of the Plan, and all capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the
Plan. The Other Stock Unit Awards shall not be entitled to Dividend Equivalents under Section 12.5 of the Plan, but shall be subject to adjustment in accordance with Section 12.2 of the Plan. 

3.   Vesting and Forfeiture. This Award is fully vested as of the Date of Grant set forth in the Grant Notice. 

4.   Settlement Date. This Award shall be settled by the Company by the issuance of Shares on the date set forth above in the Grant
Notice (the “Settlement Date”), and delivery of such Shares on the following business day; provided, however, that if the Grantee’s Continuous Status as an Employee, Director or Consultant terminates for any reason prior to the
Settlement Date so as to constitute a “separation from service” within the meaning of Treasury Regulations Section 1.409A-1(h), the Award shall be settled on the date of such separation from service. 

Any issuance of Shares shall be made only in whole Shares, and any fractional shares shall be distributed in an equivalent cash amount to the
extent permissible without penalty to the Grantee under Section 409A of the Code. Such distributed Shares shall be registered in the name of the Grantee (or if applicable, the Beneficiaries of the Grantee) and distributed to the Grantee (or if
applicable, the Beneficiaries of the Grantee) on the distribution date(s) described above. 

  
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 5.   Deferral of Award. 

5.1.   Subject to applicable law, settlement of the Other Stock Unit Awards shall be deferred until the Settlement Date which
deferral election shall be made in accordance with the Pinnacle Entertainment, Inc. Executive Deferred Compensation Plan (the “Deferred Compensation Plan”) and at a time and in a manner that complies with Section 409A of the Code.
Any portion of this Award that is deferred shall be adjusted as described in the Deferred Compensation Plan. 
 5.2.   In the
event this Award is made pursuant to an annual incentive program, the Grantee’s election to defer receipt of the payment of all or any portion of the Stock Units granted hereunder or Shares issued in accordance therewith shall be effective as
if it was made and submitted pursuant to the election procedures established by the Committee no later than the last day of the calendar year preceding the calendar year in which the performance period begins, or if applicable, the date by which an
election to defer performance-based compensation must be made for such performance period. Such election, if made, became irrevocable upon such due date and shall remain in effect for grants of restricted stock units for subsequent performance
periods, until timely modified or revoked by the Grantee by the completion and delivery to the Committee of a new election provided by the Committee for such purpose, setting out such modification or revocation; any such modification or revocation
shall be effective only for Other Stock Unit Awards granted to the Grantee for services performed in calendar years beginning after the calendar year in which such modification or revocation is completed and delivered to the Committee and shall have
no effect on this Award. 
 5.3.   Deferred stock units in the Stock Unit Account under the Deferred Compensation Plan shall
be paid in accordance with the Deferred Compensation Plan and any effective deferral election made under the Deferred Compensation Plan. 

6.   General. 

6.1.   Governing Law. This Agreement shall be governed by and construed under the laws of the State of Delaware
applicable to agreements made and to be performed entirely in Delaware, without regard to the conflicts of law provisions of Delaware or any other jurisdiction. 

6.2.   Community Property. Without prejudice to the actual rights of the spouses as between each other, for all purposes
of this Agreement, the Grantee shall be treated as agent and attorney-in-fact for that interest held or claimed by his or her spouse with respect to this Award and the parties hereto shall act in all matters as if the Grantee was the sole owner of
this Award. This appointment is coupled with an interest and is irrevocable. 
 6.3.   No Employment Rights. Nothing
herein contained shall be construed as an agreement by the Company or any of its subsidiaries, express or implied, to employ the Grantee or contract for the Grantee’s services, to restrict the Company’s or such subsidiary’s right to
discharge the Grantee or cease contracting for the Grantee’s services or to modify, extend or otherwise affect in any manner whatsoever the terms of any employment agreement or contract for services which may exist between the Grantee and the
Company or any of its subsidiaries. 
 6.4.   Application to Other Stock. In the event any capital stock of the Company
or any other corporation shall be distributed on, with respect to, or in exchange for shares of Common Stock as a stock dividend, stock split, reclassification or recapitalization in connection with any merger or reorganization or otherwise, all
restrictions, rights and obligations set forth in this Agreement shall apply with respect to such other capital stock to the same extent as they are, or would have been applicable, to the Shares on or with respect to which such other capital stock
was distributed. 
 6.5.   No Third-Party Benefits. Except as otherwise expressly provided in this Agreement, none of
the provisions of this Agreement shall be for the benefit of, or enforceable by, any third-party beneficiary. 

6.6.   Successors and Assigns. Except as provided herein to the contrary, this Agreement shall be binding upon and inure
to the benefit of the parties, their respective successors and permitted assigns. 

  
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 6.7.   No Assignment. Except as otherwise provided in this Agreement, the
Grantee may not assign any of his, her or its rights under this Agreement without the prior written consent of the Company, which consent may be withheld in its sole discretion. The Company shall be permitted to assign its rights or obligations
under this Agreement, but no such assignment shall release the Company of any obligations pursuant to this Agreement. 

6.8.   Severability. The validity, legality or enforceability of the remainder of this Agreement shall not be affected
even if one or more of the provisions of this Agreement shall be held to be invalid, illegal or unenforceable in any respect. 

6.9.   Equitable Relief. The Grantee acknowledges that, in the event of a threatened or actual breach of any of the
provisions of this Agreement, damages alone will be an inadequate remedy, and such breach will cause the Company great, immediate and irreparable injury and damage. Accordingly, the Grantee agrees that the Company shall be entitled to injunctive and
other equitable relief, and that such relief shall be in addition to, and not in lieu of, any remedies it may have at law or under this Agreement. 

6.10.   Arbitration. 

6.10.1.   General. Any controversy, dispute, or claim between the parties to this Agreement, including any claim arising
out of, in connection with, or in relation to the formation, interpretation, performance or breach of this Agreement shall be settled exclusively by arbitration, before a single arbitrator, in accordance with this Section 6.10 and the then most
applicable rules of the American Arbitration Association. Judgment upon any award rendered by the arbitrator may be entered by any state or federal court having jurisdiction thereof. Such arbitration shall be administered by the American Arbitration
Association. Arbitration shall be the exclusive remedy for determining any such dispute, regardless of its nature. Notwithstanding the foregoing, either party may in an appropriate matter apply to a court for provisional relief, including a
temporary restraining order or a preliminary injunction, on the ground that the award to which the applicant may be entitled in arbitration may be rendered ineffectual without provisional relief. Unless mutually agreed by the parties otherwise, any
arbitration shall take place in the City of Las Vegas, Nevada. 
 6.10.2.   Selection of Arbitrator. In the event the
parties are unable to agree upon an arbitrator, the parties shall select a single arbitrator from a list of nine arbitrators drawn by the parties at random from the “Independent” (or “Gold Card”) list of retired judges or, at the
option of the Grantee, from a list of nine persons (which shall be retired judges or corporate or litigation attorneys experienced in stock options and buy-sell agreements) provided by the office of the American Arbitration Association having
jurisdiction over Las Vegas, Nevada. If the parties are unable to agree upon an arbitrator from the list so drawn, then the parties shall each strike names alternately from the list, with the first to strike being determined by lot. After each party
has used four strikes, the remaining name on the list shall be the arbitrator. If such person is unable to serve for any reason, the parties shall repeat this process until an arbitrator is selected. 

6.10.3.   Applicability of Arbitration; Remedial Authority. This agreement to resolve any disputes by binding arbitration
shall extend to claims against any parent, subsidiary or affiliate of each party, and, when acting within such capacity, any officer, director, stockholder, employee or agent of each party, or of any of the above, and shall apply as well to claims
arising out of state and federal statutes and local ordinances as well as to claims arising under the common law. In the event of a dispute subject to this paragraph the parties shall be entitled to reasonable discovery subject to the discretion of
the arbitrator. The remedial authority of the arbitrator (which shall include the right to grant injunctive or other equitable relief) shall be the same as, but no greater than, would be the remedial power of a court having jurisdiction over the
parties and their dispute. The arbitrator shall, upon an appropriate motion, dismiss any claim without an evidentiary hearing if the party bringing the motion establishes that he or it would be entitled to summary judgment if the matter had been
pursued in court litigation. In the event of a conflict 

 
between the applicable rules of the American Arbitration Association and these procedures, the provisions of these procedures shall govern. 

6.10.4.   Fees and Costs. Any filing or administrative fees shall be borne initially by the party requesting arbitration.
The Company shall be responsible for the costs and fees of the arbitration, unless the Grantee 

  
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wishes to contribute (up to 50%) of the costs and fees of the arbitration. Notwithstanding the foregoing, the prevailing party in such arbitration, as determined by the arbitrator, and in any
enforcement or other court proceedings, shall be entitled, to the extent permitted by law, to reimbursement from the other party for all of the prevailing party’s costs (including but not limited to the arbitrator’s compensation),
expenses, and attorneys’ fees. 
 6.10.5.   Award Final and Binding. The arbitrator shall render an award and
written opinion, and the award shall be final and binding upon the parties. If any of the provisions of this paragraph, or of this Agreement, are determined to be unlawful or otherwise unenforceable, in whole or in part, such determination shall not
affect the validity of the remainder of this Agreement, and this Agreement shall be reformed to the extent necessary to carry out its provisions to the greatest extent possible and to insure that the resolution of all conflicts between the parties,
including those arising out of statutory claims, shall be resolved by neutral, binding arbitration. If a court should find that the arbitration provisions of this Agreement are not absolutely binding, then the parties intend any arbitration decision
and award to be fully admissible in evidence in any subsequent action, given great weight by any finder of fact, and treated as determinative to the maximum extent permitted by law. 

6.11.   Section 409A. The Plan and this Grant of Other Stock Unit Awards shall be interpreted in compliance with Section
409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (“Section 409A”). In the event that any compensation with respect to the Grantee’s separation from service is “deferred
compensation” within the meaning of Section 409A, the stock of the Company or any affiliate is publicly traded on an established securities market or otherwise, and the Grantee is determined to be a “specified employee”, as
defined in Section 409A(a)(2)(B)(i) of the Code, transfer of the Shares covered by vested Other Stock Unit Awards shall be delayed as required by Section 409A. Such delay shall last six months from the date of the Grantee’s separation from
service, except in the event of Executive’s death. For all purposes of the Award, references herein to “termination” of Continuous Status as an Employee, Director or Consultant or other terms of similar import shall in each
case mean and require a “separation from service” within the meaning of Section 409A. Grantee shall have no right directly or indirectly to designate the taxable year of payment excepted as elected pursuant to Section 5. Until the
transfer of Shares under Section 4 hereof, the Other Stock Unit Awards shall represent only an unsecured and unfunded promise to deliver the Shares in the future, and the rights of the Grantee against the Company shall be only those of an unsecured
creditor. 
 6.12.   Withholding Taxes. The Company has the right to take whatever steps the Company deems necessary or
appropriate to comply with all applicable federal, state, local, and employment tax withholding requirements, and the Company’s obligations to deliver shares of Common Stock upon the settlement of this Award will be conditioned upon compliance
with all such withholding tax requirements. Without limiting the generality of the foregoing, upon the settlement of this Award, the Company will have the right to withhold taxes from any other compensation or other amounts which it may owe to the
Grantee, or to require the Grantee to pay to the Company the amount of any taxes which the Company may be required to withhold with respect to the shares issued on such exercise. Without limiting the generality of the foregoing, the Committee in its
discretion may authorize the Grantee to satisfy all or part of any withholding tax liability by (a) having the Company withhold from the shares of Common Stock which would otherwise be issued on the settlement of an Award that number of shares
having a Fair Market Value, as of the date the withholding tax liability arises, equal to or less than the amount of the Company’s withholding tax liability, or (b) by delivering to the Company previously-owned and unencumbered shares of the
Common Stock having a Fair Market Value, as of the date the withholding tax liability arises, equal to or less than the amount of the Company’s withholding tax liability. 

6.13.   Headings. The section headings in this Agreement are inserted only as a matter of convenience, and in no way
define, limit, extend or interpret the scope of this Agreement or of any particular section. 
 6.14.   Number and
Gender. Throughout this Agreement, as the context may require, (a) the masculine gender includes the feminine and the neuter gender includes the masculine and the feminine; (b) the singular tense and number includes the plural, and the plural
tense and number includes the singular; (c) the past tense includes the present, and the present tense includes the past; (d) references to parties, sections, paragraphs and exhibits mean the 

 
parties, sections, paragraphs and exhibits of and to this Agreement; and (e) periods of days, weeks or months mean calendar days, weeks or months. 

  
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 6.15.   Electronic Delivery. The Company may, in its sole discretion,
decide to deliver any documents related to this Award granted under the Plan or future options that may be granted under the Plan by electronic means or to request Grantee’s consent to participate in the Plan by electronic means. Grantee hereby
consents to receive such documents by electronic delivery and, if requested, to accept this Award or any future options granted under the Plan through an on-line or electronic system established and maintained by the Company or another third party
designated by the Company. 
 6.16.   Data Privacy. All of Grantee’s information that is described or referenced
in this Agreement and the Plan may be used by the Company and affiliates to administer and manage Grantee’s participation in the Plan. Grantee understands that he or she may contact the Company’s international privacy officer if Grantee
needs to update or correct any of the information. The Company will transfer this information to, and store this information in one or several of its U.S. offices. In addition, if necessary to administer and manage Grantee’s participation in
the Plan, the Company may transfer to, or share this information with its Subsidiaries and affiliates and any third party agents acting on the Company’s behalf to provide services to Grantee, or any other third parties or governmental agencies,
as required or permitted by law or the safe harbor framework established by the U.S. Department of Commerce. In particular, without limitation, the Company has engaged the designated broker and any entity controlled by, controlling, or under common
control with the designated broker (the “broker’s affiliates”, and together with the designated broker, collectively the “designated broker”) to provide brokerage services and to help administer the Company’s stock
plans. The designated broker is acting primarily as a data processing agent under the Company’s instructions and directions, but the designated broker reserved the right to share Grantee’s information with the designated broker’s
affiliates. Except as provided in this Section or as required or permitted by law or the Safe Harbor framework established by the U.S. Department of Commerce, the Company will not disclose Grantee’s information outside the Company without
Grantee’s consent. 
 Unless Grantee notifies Company within 30 days of the grant of the Award, the Company may use and transfer
Grantee’s personal information as described in this section, particularly as it concerns transfers to the designated broker. Grantee understands that participation in the Plan is entirely voluntary and that his or her denial of consent does not
have any adverse effects other than exclusion from the Plan. 
 6.17.   Acknowledgments of Grantee. Grantee has
reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement, fully understands all provisions of the Plan and Agreement and, by signing the Notice of Grant,
acknowledges and agrees to all of the provisions of the Plan and this Agreement. 
 6.18.   Waiver of Jury Trial. TO
THE EXTENT EITHER PARTY INITIATES LITIGATION INVOLVING THIS AGREEMENT OR ANY ASPECT OF THE RELATIONSHIP BETWEEN US (EVEN IF OTHER PARTIES OR OTHER CLAIMS ARE INCLUDED IN SUCH LITIGATION), ALL OF THE PARTIES WAIVE THEIR RIGHT TO A TRIAL BY JURY. THIS
WAIVER WILL APPLY TO ALL CAUSES OF ACTION THAT ARE OR MIGHT BE INCLUDED IN SUCH ACTION, INCLUDING CLAIMS RELATED TO THE ENFORCEMENT OR INTERPRETATION OF THIS AGREEMENT, ALLEGATIONS OF STATE OR FEDERAL STATUTORY VIOLATIONS, FRAUD, MISREPRESENTATION,
OR SIMILAR CAUSES OF ACTION, AND IN CONNECTION WITH ANY LEGAL ACTION INITIATED FOR THE RECOVERY OF DAMAGES BETWEEN OR AMONG US OR BETWEEN OR AMONG ANY OF OUR OWNERS, AFFILIATES, OFFICERS, EMPLOYEES OR AGENTS. 

  
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