SL Green, Manhattan’s largest office landlord, has extended Chairman and CEO Marc Holliday’s employment agreement by three-and-a-half years, according to a regulatory filing.
Holliday also will receive a one-time cash bonus if the firm’s planned Times Square casino resort project should come to reality and meet certain performance targets, according to a filing with the Securities and Exchange Commission.
Holliday’s new term will last through July 18, 2028, SL Green said in the filing made this week. Moreover, the contract would be automatically renewed for successive one-year periods if neither party provides prior written notice of non-renewal, according to the filing.
Holliday joined SL Green, the Manhattan developer of the One Vanderbilt trophy tower that has direct access to Grand Central Terminal, as chief investment officer in 1998.
