Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

Approval of Executive Deferred Compensation Plan

On November 16, 2021, the Compensation Committee of the Board of Directors (the "Board") of Madison Square Garden Entertainment Corp. (the "Company") approved the Madison Square Garden Entertainment Corp. Executive Deferred Compensation Plan (the "EDCP"), pursuant to which certain employees, including the Company's named executive officers, may elect to participate.

Pursuant to the EDCP, participants may make elective base salary or bonus deferral contributions. Participants may make individual investment elections that will determine the rate of return on their deferral amounts under the EDCP. The EDCP does not provide any above-market returns or preferential earnings to participants, and the participants' deferrals and their earnings are always 100% vested. The EDCP does not provide for any Company contributions. Participants may elect at the time they make their deferral elections to receive their distribution either as a lump sum payment or in substantially equal annual installments over a period of 5 years.

Employment Agreement with Philip D'Ambrosio

On November 17, 2021, the Company and Philip D'Ambrosio, the Senior Vice President and Treasurer of the Company, entered into an employment agreement (the "Employment Agreement"), effective as of January 1, 2022. The Employment Agreement is substantially the same as the existing employment agreement between the Company and Mr. D'Ambrosio, except that (i) the annual base salary will be not less than $680,000, (ii) it is expected that Mr. D'Ambrosio will receive annual grants of cash and/or equity long-term incentive awards with an aggregate target value of not less than $1,000,000 as determined by the Compensation Committee of the Board in its discretion and (iii) the scheduled expiration date of the Employment Agreement is December 31, 2024.

The foregoing descriptions of the EDCP and the Employment Agreement do not purport to be complete and are subject to, and qualified in their entirety by, the full text of the EDCP and the Employment Agreement, copies of which are filed as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.




(d)  Exhibits.



Exhibit No.        Description of Exhibit

10.1                 Madison Square Garden Entertainment Corp. Executive Deferred
                   Compensation Plan.

10.2                 Employment Agreement, dated November 17, 2021, between the
                   Company and Philip D'Ambrosio.

104                Cover Page Interactive Data File (embedded within the Inline
                   XBRL document).




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