April 25, 2023 Mr. Alex Shvartsman c/o Madison Square Garden Sports Corp. Two Pennsylvania Plaza New York, NY 10121 Dear Alex:Employment Agreement • April 25th, 2023 • Madison Square Garden Sports Corp. • Services-miscellaneous amusement & recreation
This Agreement (the “Agreement”), effective as of April 17, 2023 (the “Effective Date”), will confirm the terms of your employment by Madison Square Garden Sports Corp. (the “Company”).
FORM OF RESTRICTED STOCK UNITS AGREEMENTRestricted Stock Units Agreement • April 25th, 2023 • Madison Square Garden Sports Corp. • Services-miscellaneous amusement & recreation
Pursuant to the 2015 Employee Stock Plan (the “Plan”), you have been selected by the Compensation Committee of the Board of Directors (as more fully described in Section 11, the “Committee”) of Madison Square Garden Sports Corp. (the “Company”), effective as of [Date] (the “Grant Date”) to receive [#RSUs] restricted stock units (“Units”). The Units are granted subject to the terms and conditions set forth below and in the Plan.
FORM OF PERFORMANCE RESTRICTED STOCK UNITS AGREEMENTPerformance Restricted Stock Units Agreement • April 25th, 2023 • Madison Square Garden Sports Corp. • Services-miscellaneous amusement & recreation
Pursuant to the 2015 Employee Stock Plan (the “Plan”), you have been selected by the Compensation Committee of the Board of Directors (as more fully described in Section 12, the “Committee”) of Madison Square Garden Sports Corp. (the “Company”), effective as of [Date] (the “Grant Date”) to receive a performance restricted stock unit award (the “Award”). The Award is granted subject to the terms and conditions set forth below and in the Plan.
December 27, 2021 (amended as of closing of 2023 Spin-Off) Mr. James L. Dolan Madison Square Garden Sports Corp. Two Pennsylvania Plaza New York, NY 10121 Dear Jim:Employment Agreement • April 25th, 2023 • Madison Square Garden Sports Corp. • Services-miscellaneous amusement & recreation
This letter agreement (the “Agreement”) will confirm the terms of your continued employment with Madison Square Garden Sports Corp. (the “Company”), effective as of the “Scheduled Expiration Date” of your prior agreement with the Company (the “Effective Date”). The amendments to this Agreement shall be effective as of the closing of the Spin-Off. For purposes of this Agreement, “Spin-Off” means the distribution of approximately 67% of the issued and outstanding shares of common stock of MSGE Spinco, Inc. (to be renamed Madison Square Garden Entertainment Corp., “MSGE”) to the shareholders of Madison Square Garden Entertainment Corp. (to be renamed Sphere Entertainment Co., “Sphere Entertainment”).
FORM OF OPTION AGREEMENTOption Agreement • April 25th, 2023 • Madison Square Garden Sports Corp. • Services-miscellaneous amusement & recreation • New York
Pursuant to the 2015 Employee Stock Plan (the “Plan”) of Madison Square Garden Sports Corp. (the “Company”), on [Date] (the “Effective Date”) you have been awarded nonqualified options (the “Options”) to purchase [#shares] shares of the Company’s Class A Common Stock, par value $.01 per share (“Class A Common Stock”) at a price of $[Dollars] per share. The Award is granted subject to the terms and conditions set forth below and in the Plan.
