Is the khutbah (sermon) of Salat al-‘Eid mandatory? Is it done in the same way as the two khutbah of the Friday salah?

If the mandatory criteria of Salat al-‘Eid are all met, then it is performed like the Friday prayers, with the exception that the two khutbah are performed after the salah, and they are part of the obligation. If those criteria are not met, then it is permissible to perform it forada or Jama‘ah, and it is permissible to forgo the two khutbah during the time of occultation even if the salah is performed in congregation.