FORM OF PERFORMANCE RESTRICTED STOCK UNITS AGREEMENTRestricted Stock Units Agreement • May 18th, 2023 • Madison Square Garden Entertainment Corp. • Services-miscellaneous amusement & recreation
Pursuant to the 2023 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 Entertainment Corp. (formerly known as MSGE Spinco, Inc.) (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.
FORM OF PERFORMANCE OPTION AGREEMENTPerformance Option Agreement • May 18th, 2023 • Madison Square Garden Entertainment Corp. • Services-miscellaneous amusement & recreation • New York
Pursuant to the 2023 Employee Stock Plan (the “Plan”) of Madison Square Garden Entertainment Corp. (formerly known as MSGE Spinco, Inc.) (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.
FORM OF OPTION AGREEMENTForm of Option Agreement • May 18th, 2023 • Madison Square Garden Entertainment Corp. • Services-miscellaneous amusement & recreation • New York
Pursuant to Sphere Entertainment Co.’s 2020 Employee Stock Plan or MSG Network Inc.’s 2010 Employee Stock Plan, as amended, as applicable, on [Date] (the “Grant Date”), you were granted options to purchase shares of Sphere Entertainment Co. (formerly known as Madison Square Garden Entertainment Corp.) (“Sphere Entertainment”) Class A Common Stock. In conjunction with the spin-off of Madison Square Garden Entertainment Corp. (formerly known as MSGE Spinco, Inc.) (the “Company”) from Sphere Entertainment on [Date] (the “Distribution Date”), and pursuant to the Company’s 2023 Employee Stock Plan (the “Plan”), you are receiving the award described in this Option Agreement (the “Agreement”) of nonqualified stock options (the “Options”) to purchase [#shares] shares of the Company’s Class A common stock (the “Class A Common Stock”) at a price of $[Dollars] per share.
