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
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
On
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 10.1Madison Square Garden Entertainment Corp. Executive Deferred Compensation Plan. 10.2 Employment Agreement, datedNovember 17, 2021 , between the Company andPhilip D'Ambrosio . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
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