Exhibit 10.3(14)
AMENDMENT NUMBER 2
TO THE
MGM MIRAGE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN II
WHEREAS, MGM MIRAGE sponsors and maintains the MGM MIRAGE Supplemental Executive Retirement
Plan II (the “Plan”) and is a participating employer therein; and
WHEREAS, Section 11.2 of the Plan provides that the Board of Directors (the “Board”) or the
Committee appointed by the Board (the “Committee”) may, at any time and in its sole discretion,
amend or modify the Plan in whole or in part with respect to any employer; and
WHEREAS, pursuant to the terms of its employment agreements with certain officers, MGM MIRAGE
has agreed under certain circumstances elaborated in the agreements to continue their participation
in the Plan following termination of employment; and
WHEREAS, the Committee finds it desirable and in the best interests of MGM MIRAGE to amend the
Plan to specifically provide for continued participation in the Plan to the extent required by the
terms of an employment agreement.
NOW, THEREFORE, the Plan is hereby amended to add the following paragraph (g) to Section 3.1
of the Plan, effective as of
October 9, 2007:
(g) Notwithstanding anything herein to the contrary, the Annual Company Contribution Amount
shall continue to be made, and the Participant shall continue to vest in his Account Balance
pursuant to Section 3.2 of the Plan, to the extent required under any Participant’s employment
agreement with the Employer(s), provided such employment agreement is dated prior to
October 1,
2007.
THIS AMENDMENT is hereby executed on behalf of MGM MIRAGE this 15th day of
October, 2007.
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By:
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/s/ Gary N. Jacobs |
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ATTEST
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Its:
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Executive Vice President |
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General Counsel and Secretary |
