MONARCH CASINO & RESORT INC

The Compensation Committee determines and approves, or recommends to the Board for approval, all compensation and awards to the Company’s CEO and other executive officers. In making this determination, the recommendation and advice of certain executives is considered. The Compensation Committee solicits the CEO’s recommendation regarding executive officers’ compensation, other than himself. Each NEO also provides input about his individual contribution to the Company’s success for the period being assessed. The Compensation Committee reviews at least annually the performance and the compensation of the CEO in light of the corporate goals and objectives applicable to the compensation of the CEO, and determines and approves the compensation level of the CEO based on this evaluation. In determining compensation, or making recommendations regarding executive compensation, the Compensation Committee considers the results of the most recent stockholder advisory vote on executive compensation.