SEC Contract Filing

Filing Date: 2016-05-02

Document Content:
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<TYPE>EX-10.6
<SEQUENCE>9
<FILENAME>a16-9904_1ex10d6.htm
<DESCRIPTION>EX-10.6
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.6</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">EXECUTIVE EMPLOYMENT AGREEMENT</font></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">THIS EXECUTIVE EMPLOYMENT AGREEMENT</font></b><font size="3" style="font-size:12.0pt;"> (this &#147;<b>Agreement</b>&#148;) is made and entered into as of <b>May&nbsp;2, 2016</b> (the &#147;<b>Execution Date</b>&#148;), by and among <b>STATION CASINOS LLC</b>, a Nevada limited liability company (the &#147;<b>Company</b>&#148;), <b>RED ROCK RESORTS,&nbsp;INC.</b>, a Delaware corporation (the &#147;<b>Parent</b>&#148;), and Daniel J. Roy (the &#147;<b>Executive</b>&#148;).</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">WHEREAS,</font></b><font size="3" style="font-size:12.0pt;"> in connection with the </font><font size="3" style="font-size:12.0pt;">initial public offering of the Parent (the &#147;<b>IPO</b>&#148;)</font><font size="3" style="font-size:12.0pt;">, </font><font size="3" style="font-size:12.0pt;">the Company, the Parent and the Executive (each individually a &#147;<b>Party</b>&#148; and together the &#147;<b>Parties</b>&#148;)</font><font size="3" style="font-size:12.0pt;"> desire to enter into this Agreement, as set forth herein</font><font size="3" style="font-size:12.0pt;">; and</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">WHEREAS,</font></b><font size="3" style="font-size:12.0pt;"> contemporaneous with the Executive&#146;s entry into this Agreement, the Executive is entering into a separate Termination Agreement with the Company and/or its applicable current or former affiliate(s)&nbsp;(including, if applicable, Fertitta Entertainment LLC) with respect to the termination of any prior employment agreement(s)&nbsp;or similar arrangement(s)&nbsp;between or among such parties;</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">NOW, THEREFORE</font></b><font size="3" style="font-size:12.0pt;">, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the Parties agree as follows:</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><u style="font-weight:bold;">DEFINITIONS</u></b>.&#160; In addition to certain terms defined elsewhere in this Agreement, the following terms shall have the following respective meanings:</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">1.1&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b>Affiliate</b>&#148; shall mean any Person directly or indirectly controlling, controlled by or under common control with the Company (including the Parent and any Person directly or indirectly controlling, controlled by or under common control with the Parent).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">1.2&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b>Base Salary</b>&#148; shall mean the salary provided for in <u>Section&nbsp;3.1</u> of this Agreement, as the same may be increased thereunder.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">1.3&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b>Board</b>&#148; shall mean the Board of Directors of the Parent, including any successor of the Parent in the event of a Change in Control.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">1.4&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b>Cause</b>&#148; shall mean that the Executive: (a)&nbsp;has been found unsuitable to hold a gaming license by final, non-appealable decision of the Nevada Gaming Commission; (b)&nbsp;has been convicted of any felony; (c)&nbsp;has engaged in acts or omissions constituting gross negligence or willful misconduct resulting, in either case, in m