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Delaware
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0-20538
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41-1659606
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(State
or other
jurisdiction
of incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
Number)
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600
Emerson Road, Suite 300, St. Louis, Missouri
(Address
of principal executive offices)
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63141
(Zip
Code)
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| · |
Base
salary of $400,000 per year;
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| · |
Eligibility
to receive an annual cash bonus beginning in fiscal 2008 based on
the
achievement of performance targets set by the Compensation Committee
of
the Board of Directors of the Company, provided that Mr. Black shall
receive a minimum annual bonus equal to at least 60% of his base
salary if
he meets the minimum targets.
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| · |
An
initial stock option grant of 125,000 shares, vesting 20% per year
on the
first, second, third, fourth and fifth anniversaries of the grant
date.
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| · |
Eligibility
to participate in the Company’s 2000 Long-Term Stock Incentive Plan and
other stock option plans, if any, established by the Company, to
the
extent that similarly situated executives of the Company participate
in
such plans.
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| · |
Reimbursement
for reasonable and necessary out-of-pocket in connection with the
performance of his duties.
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| · |
Eligibility
to participate in the Company's benefit plans or programs as are
or may be
made generally available to employees of the Company and those made
available to officers of the Company.
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ISLE
OF CAPRI CASINOS, INC.
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Date:
December 7, 2007
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By:
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/s/VIRGINIA
MCDOWELL
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Name:
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Virginia
McDowell
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Title:
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President
and Chief Operating Officer
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