SEC Contract Filing

Filing Date: 2019-10-25

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>2
<FILENAME>lvs-ex103x09302019.htm
<DESCRIPTION>EXHIBIT 10.3
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<div><a name="sf7fd7e190e854023807cc5ebebde9622"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.3</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Amendment to Non-Employee Director Compensation Program - Increase to Annual Cash Retainer </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">In connection with the periodic review of our non-employee director compensation program, effective as of July 23, 2019, the Board of Directors (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Board</font><font style="font-family:inherit;font-size:12pt;">&#8221;) of Las Vegas Sands Corp. (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:12pt;">&#8221;) approved an increase in the annual cash retainer paid to our non-employee directors from $100,000 to $150,000, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that such $50,000 increase in the annual cash retainer will not result in a corresponding increase in the automatic annual grants of restricted stock to our non-employee directors under Section 9(f) of the Company&#8217;s Amended and Restated 2004 Equity Award Plan. For the avoidance of doubt, no changes were made at this time to the annual grants of restricted stock or the meeting fees and committee retainers provided to our non-employee directors. </font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
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