Document:

Summary of Compensatory Arrangements with Directors and Named Executive Officers

 Exhibit 10.24 
 Summary of Compensatory Arrangements with Directors and Named Executive Officers 
 Director Compensation. Each
director who is not an officer of the Company will receive the following compensation for his or her services as director in 2006: 
  

	 	•	 	annual compensation of $30,000; 

  

	 	•	 	$2,000 per Board meeting attended; 

  

	 	•	 	$1,000 per committee meeting attended as a member; 

  

	 	•	 	$2,000 per committee meeting attended as the chairman, except for Audit Committee chairman; 

  

	 	•	 	$4,000 per committee meeting attended as the Audit Committee chairman; 

  

	 	•	 	an annual option to acquire 5,250 shares of Common Stock; 

  

	 	•	 	an annual $2,500 Columbia Sportswear merchandise allowance; and 

  

	 	•	 	reasonable out-of-pocket expenses incurred in attending meetings. 

 Directors are given the opportunity to receive an option grant in lieu of the annual cash compensation. 
 Named Executive Officer
Compensation. The Company’s executive compensation program has several elements, all determined by individual performance and Company profitability, except for stock option grants that are intended to correlate compensation to stock price
performance. 
 Base Salary Compensation 
 Base salaries
for the Chief Executive Officer and the other named executive officers in 2006 have been established by reviewing a number of factors, including responsibilities, experience, demonstrated performance, potential for future contributions and the level
of salaries associated with similar positions at businesses that compete with the Company and other competitive factors. Base salary levels for named executive officers in 2006 have been determined as follows: 
  

				
	 Gertrude Boyle
	  	$	 735,000
	 Timothy P. Boyle
	  	 	740,000
	 Patrick D. Anderson
	  	 	360,500
	 Robert G. Masin
	  	 	393,702
	 Bryan L. Timm
	  	 	321,750

 Other Compensation 
 In addition to his or her base salary, each of the named executive officers is eligible to participate in the following: 
  

	 	•	 	The Executive Incentive Compensation Plan, under which cash bonuses in varying amounts may be granted based on the Company achieving pre-determined financial goals.

  

	 	•	 	The 1997 Stock Incentive Plan, under which stock options or other equity compensation may be granted based on factors such as the level of base pay and individual performance.

  

	 	•	 	The 1999 Employee Stock Purchase Plan (excluding Timothy P. Boyle and Gertrude Boyle). 

  

	 	•	 	The Company’s 401(k) profit-sharing plan and other health and benefit plans generally available to Company employees.Summary of Compensation Arrangements

 EXHIBIT 10.34 
 SUMMARY OF COMPENSATION ARRANGEMENTS 
 Annual Base Salary 
 Our executive officers are “at will” employees. Currently we have no written or oral employment arrangements with our executive officers. A
copy or description of any future such employment arrangement will be filed to the extent required. 
 The table below summarizes the current
annual base salary we have with each of our named executive officers and directors. All of the compensation arrangements we have with our executive officers are reviewed and may be modified from time to time by the Compensation and Stock Option
Committee of our Board of Directors. 
  

				
	Name	  	Annual Base Salary
	 William S. Boyd
 Chairman and Chief Executive Officer
	  	2006: $	 1,500,000
		
	 Robert L. Boughner
 Director and Chief Executive Officer of Echelon Resorts Corporation
	  	2006: $	 1,000,000
		
	 Michael J. Gaughan
 Director and Chief Executive Officer of Coast Casinos, Inc.
	  	2006: $	 900,000
		
	 Keith E. Smith
 President, Chief Operating Officer and Director
	  	2006: $	 750,000
		
	 Ellis Landau
 Executive Vice President and Chief Financial Officer
	  	2006: $	 550,000
		
	 Marianne Boyd Johnson
 Vice Chairman and Senior Vice President
	  	2006: $	 220,000
		
	 William R. Boyd
 Vice President and Director
	  	2006: $	 190,000

 Bonus Plans, Director Compensation Arrangements and Other Compensation 
 The information regarding bonus plans, director compensation arrangements and other compensation is set forth in our most recent definitive Proxy
Statement for the Annual Meeting of Stockholders (and any definitive Annual Proxy Statement filed after the date hereof), which information is incorporated herein by reference.Amendment No. 5 to Deferred Compensation Plan

 EXHIBIT 10.35 
 BOYD GAMING CORPORATION 
 DEFERRED COMPENSATION PLAN 
 Amendment Number 5 to Amended and Restated Plan 
 WHEREAS, Boyd Gaming Corporation (“Employer”) maintains the Boyd Gaming Corporation Deferred Compensation Plan for the Board of Directors and Key Employees (“Plan”); and 
 WHEREAS, the Employer has reserved to itself the right to amend the Plan at any time it deems necessary or desirable; and 
 WHEREAS, the Employer desires to amend the Plan to increase the annual limitation applicable to participant deferrals. 
 NOW, THEREFORE, the Plan is hereby amended, effective as of January 1, 2006, as follows: 
  

	 	1.	Section 3.3 of the Plan is restated in its entirety to read as follows: 

 “3.3 The Participant shall specify in his Enrollment Agreement the amount of Compensation to be deferred under the Plan from and after January 1, 2006. The maximum permitted to be deferred by an employee
under the Plan is (1) 25% of base salary, and (2) 100% of incentive compensation paid. The maximum permitted to be deferred by a non-employee director under the Plan is 100% of Board of Directors fees. Additional deferrals by employees
will be allowed in anticipation of the funding of the Participant’s account under the 401(k) Plan as provided in Section 3.11, below. The Plan Administrator may establish minimum deferral amount requirements and maximum limits.”

 Except as otherwise provided in this Amendment Number 6 to the Amended and Restated Plan, the Plan is hereby ratified and confirmed in all
respects. 
 EXECUTED this 30th day of December, 2005. 
  

			
	 BOYD GAMING CORPORATION, a Nevada Corporation

		
	 By:
	 	 /s/ ELLIS LANDAU

	 Name:        
	 	 Ellis Landau

	 Its:
	 	 Executive Vice President and Chief Financial OfficerAmendment No. 30 to the UPS Retirement Plan

 Exhibit 10.2(26) 
  
 AMENDMENT NO. 30 
  
 TO THE 
  
 UPS RETIREMENT PLAN 
  
 WHEREAS, United Parcel Service of America, Inc. (“UPS”) and its affiliated corporations established the UPS Retirement Plan (“Plan”) for the benefit of its employees, in order to provide benefits
to those employees upon their retirement, disability, or death, effective as of September 1, 1961; and 
  
 WHEREAS, the Plan, as adopted and amended from time to time, was amended and restated in its entirety, effective as of January 1, 1976 to comply with
the Employee Retirement Income Security Act of 1974; and 
  
 WHEREAS, the Plan has been amended on a number of occasions since January 1, 1976, the most recent being Amendment No. 29; and 
  
 WHEREAS, this amendment to the Plan is adopted to credit part-time employees with 190 hours of service for any month in which such employees worked at
least one hour of service for such month. 
  
 NOW THEREFORE,
pursuant to the authority vested in the Board of Directors by Section 7.1 of the Plan, the UPS Retirement Plan is hereby amended as follows: 
  
 1. Section 1.1(w), Hour of Service, is hereby amended by deleting the last sentence of the seventh paragraph regarding part-time employees in its entirety and
replacing it with the following new sentence: 
  
 “Prior to
January 1, 2000, such Participant shall be credited with 108 Hours of Service for each such month; provided however, if crediting such Participant with 190 Hours of Service for such month would result in a greater benefit, then such Participant
shall be credited with 190 Hours of Service.” 
  
 2. Except as amended
herein, the Plan as in effect before this Amendment No. 30 shall remain in full force and effect. 
  
 IN WITNESS WHEREOF, the undersigned certify that United Parcel Service of America, Inc. based upon action by its Board of Directors on this 20th day of
August 2005, has caused this Amendment No. 30 to be adopted. 

					
	ATTEST:	 	 	 	UNITED PARCEL SERVICE OF AMERICA, INC.
			
	/s/ Allen E. Hill	 	 	 	/s/ Michael L. Eskew
	 Allen E. Hill
 Secretary
	 	 	 	 Michael L. Eskew
 ChairmanAmendment No. 31 to the UPS Retirement Plan

 Exhibit 10.2(27) 
  
 AMENDMENT NO. 31 
  
 TO THE 
  
 UPS RETIREMENT PLAN 
  
 WHEREAS, United Parcel Service of America, Inc. (“UPS”) and its affiliated corporations established the UPS Retirement Plan (“Plan”) for the benefit of its employees, in order to provide benefits
to those employees upon their retirement, disability, or death, effective as of September 1, 1961; and 
  
 WHEREAS, the Plan, as adopted and amended from time to time, was amended and restated in its entirety, effective as of January 1, 1976 to comply with
the Employee Retirement Income Security Act of 1974; and 
  
 WHEREAS, the Plan has been amended on a number of occasions since January 1, 1976, the most recent being Amendment No. 30; and 
  
 WHEREAS, this amendment to the Plan is adopted to (i) include in the Plan’s definition of Compensation the value of the restricted stock portion
of awards made under the UPS Managers’ Incentive Plan at the time of award, even if such stock is not vested and (ii) provide that employees hired on or after January 1, 2006 will not accrue any Defined Dollar Benefit amounts.

  
 NOW THEREFORE, pursuant to the authority vested in the Board
of Directors by Section 7.1 of the Plan, the UPS Retirement Plan is hereby amended as follows: 
  
 1. Section 1.1(l) is hereby amended effective as of November 1, 2005 
  

	 	a.	By adding the following new second sentence immediately following the first sentence to read as follows: 

  

	 	   	“Notwithstanding anything to the contrary in the immediately preceding sentence, effective for awards made under the United Parcel Service, Inc. Incentive Compensation Plan on
or after November 1, 2005, Compensation shall include the value (as of the award date) of the restricted stock unit portion of the award, even if unvested and not reported on the employee’s Form W-2 related to the year of the award.”

  

	 	b.	By adding the following to the end of paragraph (9): 

  

	 	   	“; provided, however, that income attributable to the vesting of that portion of a management incentive award that is made in restricted stock units shall be excluded.”

 EXECUTION COPY 
  
 2. Section 12.10 is hereby amended, effective January 1, 2006, to add Section 12.10(c)(5) as follows: 
  

	 	   	“(5) Notwithstanding any contrary provision of this Section 12.10, an individual hired by an Employer Company or a Related Employer on or after January 1, 2006 shall
not earn a DDB amount.” 

  
 3.
Section 12.10 is hereby amended, effective January 1, 2006, to add 12.10(d)(4) as follows: 
  

	 	   	“(4) This Section 12.10(d) shall not apply to any individual hired by an Employer Company or a Related Employer on or after January 1, 2006.”

  
 4. Except as amended herein, the Plan as in
effect before this Amendment No. 31 shall remain in full force and effect. 
  
 IN WITNESS WHEREOF, the undersigned certify that United Parcel Service of America, Inc. based upon action by its Board of Directors on this 20th day of December 2005, has caused this Amendment No. 31 to be
adopted. 
  
  
  

					
	ATTEST:	 	 	 	UNITED PARCEL SERVICE OF AMERICA, INC.
			
	/s/ Allen E. Hill	 	 	 	/s/ Michael L. Eskew
	 Allen E. Hill
 Secretary
	 	 	 	 Michael L. Eskew
 Chairman

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