On March 24, 2026, Madison Square Garden Entertainment Corp. (the "Company") announced that it has entered into a new employment agreement with Philip D'Ambrosio, the Company's Executive Vice President and Treasurer. This agreement is effective as of April 1, 2026, and comes as a result of the expiration of Mr. D'Ambrosio's previous employment agreement. Under the terms of the new agreement, Mr. D'Ambrosio will receive an annual base salary of no less than $750,000. Additionally, he will be eligible to participate in the Company's annual bonus program, with a target bonus equal to at least 100% of his annual base salary. Furthermore, Mr. D'Ambrosio is expected to receive long-term incentive awards with an aggregate target value of not less than $1,400,000. The agreement also outlines severance benefits in the event of termination under certain conditions, including a severance payment that will not be less than the sum of his annual base salary and target bonus. This new agreement reflects the Company's commitment to retaining key executive talent and aligns with its strategic goals for future growth and operational excellence.

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