Common use of Licensing Requirements Clause in Contracts

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse to issue or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section 1(c) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 7 contracts

Samples: Employment Agreement (Wynn Resorts LTD), Employment Agreement (Wynn Resorts LTD), Employment Agreement (Wynn Resorts LTD)

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Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the "Gaming Authorities") pursuant to the provisions of the relevant applicable gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the "Gaming Regulations”Laws"). Employer and Employee hereby covenant and agree to use their best efforts efforts, at Employer's sole cost and expense, to obtain any and all approvals required by the Gaming Acts and/or Gaming RegulationsLaws. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 Paragraph 4 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant applicable Gaming Act Laws and as otherwise required by this AgreementAgreement (the "License"). In the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s renew, or revoke or suspend any required License, then Employee, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or objections, secure the Gaming Authorities' approval, or reinstate the Authorities’ approvalLicense, respectively. The foregoing notwithstanding, if the source of the objections or the Gaming Authorities' refusal to renew the License or maintain Employee’s License arise as a result their imposition of disciplinary action against Employee is any of the acts, omissions or events described in Section Subparagraph 1(c) of this Agreement, then Employer’s 's obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 Paragraph 9 shall apply in the event Employee’s 's duties require that Employee also be licensed by such relevant governmental agencies other than the Gaming Authorities.

Appears in 4 contracts

Samples: Employment Agreement (Wynn Resorts LTD), Employment Agreement (Wynn Resorts LTD), Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employeeemployee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21Employer. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse to issue or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section Subsection 1(c) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 4 contracts

Samples: Employment Agreement (Wynn Resorts LTD), Employment Agreement (Wynn Las Vegas LLC), Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse to issue or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section Subsection 1(c) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 3 contracts

Samples: Employment Agreement (Wynn Las Vegas Capital Corp), Employment Agreement (Wynn Resorts LTD), Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Gaming Authorities”) pursuant to the provisions of the relevant applicable gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming RegulationsLaws”). Employer and Employee hereby covenant and agree to use their best efforts efforts, at Employer’s sole cost and expense, to obtain any and all approvals required by the Gaming Acts and/or Gaming RegulationsLaws. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 4 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall be immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21terminable by Employer as set forth in Section 7(d). (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant applicable Gaming Act Laws and as otherwise required by this AgreementAgreement (the “License”). In the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s renew, or revoke or suspend any required License, then Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or objections, secure or reinstate the Gaming Authorities’ approval, or reinstate the License, respectively. The foregoing notwithstandingIf the applicable Gaming Authorities deny, if the source of the objections revoke, suspend for more than ninety (90) calendar days or the Authorities’ refusal refuse to renew or maintain Employee’s License arise as a result of issue any of the acts, omissions or events described in Section 1(c) of this Agreementrequired License, then Employer’s obligations under this Section 8 also shall not Agreement may be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred terminated by Employer pursuant to this for Cause under Section 87(d). (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 9 shall apply in the event Employee’s duties require that Employee also be licensed by relevant governmental agencies other than the Gaming Authorities.

Appears in 2 contracts

Samples: Employment Agreement (Trans World Corp), Employment Agreement (Trans World Corp)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Acts, Gaming Regulations, or the concession agreement. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act Act, Gaming Regulations or the concession agreement, and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse to issue or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section 1(cSubsection 1(d) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 2 contracts

Samples: Employment Agreement (Wynn Resorts LTD), Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Gaming Authorities”) pursuant to the provisions of the relevant applicable gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming RegulationsLaws”). Employer and Employee hereby covenant and agree to use their best efforts efforts, at Employer’s sole cost and expense, to obtain any and all approvals required by the Gaming Acts and/or Gaming RegulationsLaws. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 Paragraph 4 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant applicable Gaming Act Laws and as otherwise required by this AgreementAgreement (the “License”). In the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s renew, or revoke or suspend any required License, then Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or objections, secure the Gaming Authorities’ approval, or reinstate the Authorities’ approvalLicense, respectively. The foregoing notwithstanding, if the source of the objections or the Gaming Authorities’ refusal to renew the License or maintain Employee’s License arise as a result their imposition of disciplinary action against Employee is any of the acts, omissions or events described in Section Subparagraph 1(c) of this Agreement, then Employer’s obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 Paragraph 9 shall apply in the event Employee’s duties require that Employee also be licensed by such relevant governmental agencies other than the Gaming Authorities.

Appears in 2 contracts

Samples: Employment Agreement (Wynn Las Vegas Capital Corp), Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the "Gaming Authorities") pursuant to the provisions of the relevant applicable gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the "Gaming Regulations”Laws"). Employer and Employee hereby covenant and agree to use their best efforts efforts, at Employer's sole cost and expense, to obtain any and all approvals required by the Gaming Acts and/or Gaming RegulationsLaws. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 Paragraph 4 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant applicable Gaming Act Laws and as otherwise required by this AgreementAgreement (the "License"). In the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s renew, or revoke or suspend any required License, then Employee, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or objections, secure the Gaming Authorities' approval, or reinstate the Authorities’ approvalLicense, respectively. The foregoing notwithstanding, if the source of the objections or the Gaming Authorities' refusal to renew the License or maintain Employee’s License arise as a result their imposition of disciplinary action against Employee is any of the acts, omissions or events described in Section 1(cSubparagraph 1(b) of this Agreement, then Employer’s 's obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 Paragraph 9 shall apply in the event Employee’s 's duties require that Employee also be licensed by such relevant governmental agencies other than the Gaming Authorities.

Appears in 2 contracts

Samples: Employment Agreement (Wynn Resorts LTD), Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the "Gaming Authorities") pursuant to the provisions of the relevant applicable gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the "Gaming Regulations”Laws"). Employer and Employee hereby covenant and agree to use their best efforts efforts, at Employer's sole cost and expense, to obtain any and all approvals required by the Gaming Acts and/or Gaming RegulationsLaws. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section Paragraph 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant applicable Gaming Act Laws and as otherwise required by this AgreementAgreement (the "License"). In the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s renew, or revoke or suspend any required License, then Employee, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or objections, secure the Gaming Authorities' approval, or reinstate the Authorities’ approvalLicense, respectively. The foregoing notwithstanding, if the source of the objections or the Gaming Authorities' refusal to renew the License or maintain Employee’s License arise as a result their imposition of disciplinary action against Employee is any of the acts, omissions or events described in Section 1(cSubparagraph 1(d) of this Agreement, then Employer’s 's obligations under this Section Paragraph 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section Paragraph 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section Paragraph 8 shall apply in the event Employee’s 's duties require that Employee also be licensed by such relevant governmental agencies other than the Gaming Authorities.

Appears in 2 contracts

Samples: Employment Agreement (Wynn Las Vegas LLC), Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree ---------------------- that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities of: (i) the Illinois Gaming Board (the “Authorities”"IGB") pursuant to the provisions of the relevant gaming regulatory statutes Illinois Riverboat Gambling --- Act, as amended (the "Illinois Gaming Act"), and the regulations promulgated ------------------- thereunder; (ii) the Mississippi Gaming Commission (the "MGC") pursuant to the --- provisions of the Mississippi Gaming Control Act, as amended (the "Mississippi ----------- Gaming Act"), and the regulations promulgated thereunder; (iii) the Louisiana ---------- Gaming Control Board (the "LGCB") pursuant to the provisions of the Louisiana ---- Riverboat Economic Development and Gaming Control Act, as amended (the "Louisiana Gaming Act"), and the regulations promulgated thereunder; and/or (iv) -------------------- any and all other gaming authorities with jurisdiction over Employer's casino properties (the "Other Gaming Authorities") and any and all other gaming ------------------------ statutes applicable to Employer's casino properties (the "Other Gaming Acts") ----------------- and the regulations promulgated thereunder. If this Agreement is required by the Illinois Gaming Act, the Mississippi Gaming Act, the Louisiana Gaming Act and/or the Other Gaming Acts and the regulations promulgated thereunder (the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required be approved by the IGB, the MGC, the LGCB and/or the Other Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this AgreementAuthorities, (ii) Employer and Employee have used their best efforts to obtain such approvalas applicable, and (iii) this Agreement or Employee’s employment but is not so approved by the Authoritiesany such gaming regulatory authority, then this Agreement shall immediately terminate and shall be null and voidvoid and of no further force or effect; provided, thus extinguishing any however, should this Agreement be required to be approved but is not so approved by the IGB, the MGC, the LGCB and/or the Other Gaming Authorities, Employer and all obligations Employee hereby covenant and agree that, with the exception of either partythe provisions of Section 7 and Section 8 of this Agreement, subject this Agreement shall be modified and amended so as to any surviving obligations of Employee under Sections 9receive the appropriate approval from the IGB, 10 and 21. (b) If applicablethe MGC, the LGCB and/or the Other Gaming Authorities. Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or shall hold a license, registration, permit or other approval any necessary and appropriate casino key employee license (the "License") as issued by required ------- under the Authorities pursuant to Illinois Gaming Act, the terms of Mississippi Gaming Act, the relevant Louisiana Gaming Act and as otherwise required by this Agreementany Other Gaming Acts. In the event Employee fails that any applicable gaming regulatory authority (the "Authority") objects to apply for and secure, the renewal of Employee's --------- License or the Authorities refuse refuses to issue or renew Employee’s 's License, EmployeeEmployer, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the Authority's objections or secure or reinstate the Authorities’ Authority's approval, respectively. The foregoing notwithstandingNotwithstanding the foregoing, if the source of the Authority's objections or the Authorities’ Authority's refusal to renew or maintain Employee’s 's License arise as a result of any either of the acts, omissions or events described in Section 1(c1(b) of this Agreement, then Employer’s 's obligations under this Section 8 also 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 89. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 2 contracts

Samples: Employment Agreement (Hollywood Casino Corp), Employment Agreement (Hollywood Casino Corp)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one the New Jersey Casino Control Commission and any other jurisdiction in which Employer or more gaming regulatory authorities Employer's Affiliates conducts business (the "Gaming Authorities") pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) New Jersey Casino Control Act and any other applicable law and the regulations promulgated thereunder (the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulationsthereunder. In the event that (i) an approval of this Agreement or Employee’s employment is required to be approved by the Gaming Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and voidvoid and of no further force or effect; provided, thus extinguishing any however, should this Agreement not be approved by the Gaming Authorities, Employer and all obligations Employee shall hereby covenant and agree that, with the exception of either partythe provisions of Paragraph 8 of this Agreement, subject this Agreement shall be deemed modified and amended so as to any surviving obligations of Employee under Sections 9, 10 and 21receive the appropriate approval from the Gaming Authorities. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or continue to hold a license, registration, permit or other approval casino key employee licenses (the “License”"Licenses") as issued by the Gaming Authorities pursuant to the terms of the relevant Gaming Act Acts and as otherwise required by this Agreement. In the event Employee fails that any of the Gaming Authorities objects to apply for and securethe renewal of Employee's License, or either of the Gaming Authorities refuse refuses to issue or renew Employee’s 's applicable License, EmployeeEmployer, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ such Gaming Authority's approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ such Gaming Authority's refusal to renew or maintain Employee’s 's License arise arises as a result of any of the acts, omissions or events described in Section 1(cParagraph 1(a) of this Agreement, then Employer’s 's obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 2 contracts

Samples: Employment Agreement (Greate Bay Casino Corp), Employment Agreement (Greate Bay Casino Corp)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming Regulations”), as well as Xxxx Macau’s concession agreement with the SAR. Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Acts, Gaming Regulations, or the concession agreement. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act Act, Gaming Regulations or the concession agreement, and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse to issue or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section Subsection 1(c) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 2 contracts

Samples: Employment Agreement (Wynn Resorts LTD), Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Gaming Authorities”) pursuant to the provisions of the relevant applicable gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming RegulationsLaws”). Employer and Employee hereby covenant and agree to use their best efforts efforts, at Employer’s sole cost and expense, to obtain any and all approvals required by the Gaming Acts and/or Gaming RegulationsLaws. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 Paragraph 4 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant applicable Gaming Act Laws and as otherwise required by this AgreementAgreement (the “License”). In the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s renew, or revoke or suspend any required License, then Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or objections, secure the Gaming Authorities’ approval, or reinstate the Authorities’ approvalLicense, respectively. The foregoing notwithstanding, if the source of the objections or the Gaming Authorities’ refusal to renew the License or maintain Employee’s License arise as a result their imposition of disciplinary action against Employee is any of the acts, omissions or events described in Section 1(cSubparagraph 1(b) of this Agreement, then Employer’s obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 Paragraph 9 shall apply in the event Employee’s duties require that Employee also be licensed by such relevant governmental agencies other than the Gaming Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one the Illinois Gaming Board, the Mississippi Gaming Commission, the New Jersey Casino Control Commission and any other jurisdiction in which Employer or more gaming regulatory authorities Employer's Affiliates conducts business (the "Gaming Authorities") pursuant to the provisions of the relevant gaming regulatory statutes (Illinois Riverboat Gambling Act, the Mississippi Gaming Acts”) Control Act, the New Jersey Casino Control Act and any other applicable law and the regulations promulgated thereunder (the "Gaming Regulations”Acts"). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment is required to be approved by the Gaming Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and voidvoid and of no further force or effect; provided, thus extinguishing any however, should this Agreement not be approved by the Gaming Authorities, Employer and all obligations Employee shall hereby covenant and agree that, with the exception of either partythe provisions of Paragraph 8 of this Agreement, subject this Agreement shall be deemed modified and amended so as to any surviving obligations of Employee under Sections 9, 10 and 21receive the appropriate approval from the Gaming Authorities. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or continue to hold a license, registration, permit or other approval casino key employee licenses (the “License”"Licenses") as issued by the Gaming Authorities pursuant to the terms of the relevant Gaming Act Acts and as otherwise required by this Agreement. In the event Employee fails that any of the Gaming Authorities objects to apply for and securethe renewal of Employee's License, or either of the Gaming Authorities refuse refuses to issue or renew Employee’s 's applicable License, EmployeeEmployer, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ such Gaming Authority's approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ such Gaming Authority's refusal to renew or maintain Employee’s 's License arise arises as a result of any of the acts, omissions or events described in Section 1(cParagraph 1(a) of this Agreement, then Employer’s 's obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (HWCC Tunica Inc)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Gaming Authorities”) pursuant to the provisions of the relevant applicable gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming RegulationsLaws”). Employer and Employee hereby covenant and agree to use their best efforts efforts, at Employer’s sole cost and expense, to obtain any and all approvals required by the Gaming Acts and/or Gaming RegulationsLaws. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 Paragraph 4 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21terminate. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant applicable Gaming Act Laws and as otherwise required by this AgreementAgreement (the “License”). In the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s renew, or revoke or suspend any required License, then Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or objections, secure the Gaming Authorities’ approval, or reinstate the Authorities’ approvalLicense, respectively. The foregoing notwithstanding, if the source of the objections or the Gaming Authorities’ refusal to renew the License or maintain Employee’s License arise as a result their imposition of disciplinary action against Employee is any of the acts, omissions or events described in Section Subparagraph 1(c) of this Agreement, then Employer’s obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 Paragraph 9 shall apply in the event Employee’s duties require that Employee also be licensed by such relevant governmental agencies other than the Gaming Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities ("the “Authorities”Commission") pursuant to the provisions of the relevant gaming regulatory statutes ("the Gaming Acts") and the regulations promulgated thereunder ("the Gaming Regulations"). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i1) an approval of this Agreement or Employee’s employment by the Authorities Commission is not required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 4 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, approval and (iii) this Agreement or Employee’s employment is not so approved by the AuthoritiesCommission, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval ("the License") as issued by the Authorities Commission pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse Commission refuses to originally issue or renew Employee’s 's License, Employee, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ Commission's approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ Commission's refusal to renew or maintain Employee’s 's License arise as a result of any of the acts, omissions or events described in Section Paragraph 1(c) of this Agreement, then Employer’s 's obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 Paragraph 9 shall apply in the event Employee’s 's duties require that Employee also be licensed by such relevant governmental agencies other than the AuthoritiesCommission.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming Regulations”), as well as Employer’s concession agreement with the government of Macau. Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Acts, Gaming Regulations, or the concession agreement. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act Act, Gaming Regulations or the concession agreement, and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse to issue or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section Subsection 1(c) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (i) the New Jersey Casino Control Commission (the “Authorities”"CCC") pursuant to the provisions of the relevant gaming regulatory statutes New Jersey Casino Control Act, as amended (the "New Jersey Gaming Acts”Act"), and the regulations promulgated thereunder, (ii) the Illinois Gaming Board (the "IGB") pursuant to the provisions of the Illinois Riverboat Gambling Act, as amended (the "Illinois Gaming Act"), and the regulations promulgated thereunder and/or (iii) the Mississippi Gaming Commission (the "MGC") pursuant to the provisions of the Mississippi Gaming Regulations”Control Act, as amended (the "Mississippi Gaming Act"), and the regulations promulgated thereunder. Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals If this Agreement is required by the New Jersey Gaming Acts Act, the Illinois Gaming Act and/or the Mississippi Gaming Regulations. In Act and the event that (i) an approval of this Agreement or Employee’s employment regulations promulgated thereunder to be approved by the Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this AgreementCCC, (ii) Employer and Employee have used their best efforts to obtain such approvalthe IGB and/or the MGC, and (iii) this Agreement or Employee’s employment as applicable, but is not so approved by the Authoritiesany such gaming regulatory authority, then this Agreement shall immediately terminate and shall be null and voidvoid and of no further force or effect; provided, thus extinguishing any however, should this Agreement be required to be approved but is not so approved by the CCC, the IGB and/or the MGC, Employer and all obligations Employee hereby covenant and agree that, with the exception of either partythe provisions of Paragraph 8 of this Agreement, subject this Agreement shall be modified and amended so as to any surviving obligations of Employee under Sections 9receive the appropriate approval from the CCC, 10 and 21the IGB and/or the MGC. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or shall hold a license, registration, permit or other approval any necessary and appropriate casino key employee license (the "License") as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreementin gaming jurisdictions in which Employer or Employer's Affiliates may now or hereafter maintain casino operations. In the event Employee fails that any applicable gaming regulatory authority (the "Authority") objects to apply for and secure, the renewal of Employee's License or the Authorities refuse refuses to issue or renew Employee’s 's License, EmployeeEmployer, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the Authority's objections or secure or reinstate the Authorities’ Authority's approval, respectively. The foregoing notwithstandingNotwithstanding the foregoing, if the source of the Authority's objections or the Authorities’ Authority's refusal to renew or maintain Employee’s 's License arise as a result of any of the acts, omissions or events described in Section 1(cParagraph 1(a) of this Agreement, then Employer’s 's obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (HWCC Tunica Inc)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the "Authorities") pursuant to the provisions of the relevant gaming regulatory statutes (the "Gaming Acts") and the regulations promulgated thereunder (the "Gaming Regulations"). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 4 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for or hold a license, registration, permit or other approval (the "License") as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse to issue or renew Employee’s 's License, Employee, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities' approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities' refusal to renew or maintain Employee’s 's License arise as a result of any of the acts, omissions or events described in Section Subsection 1(c) of this Agreement, then Employer’s 's obligations under this Section 8 also 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 89. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 9 shall apply in the event Employee’s 's duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one the Illinois Gaming Board and the Mississippi Gaming Commission and any other jurisdiction in which Employer or more gaming regulatory authorities Employer's Affiliates conducts business (collectively, the "Gaming Authorities") pursuant to the provisions of the relevant gaming regulatory statutes (Illinois Riverboat Gambling Act, the Mississippi Gaming Acts”) Control Act and any other applicable law and the regulations promulgated thereunder (collectively, the "Gaming Regulations”Acts"). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment is required to be approved by the Gaming Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then both the Employer and the Employee covenant that they will attempt in good faith to enter into a modified agreement that would be approved by the Gaming Authorities provided, however, that, in no event will any modified agreement reduce the Base Salary and Minimum Bonus provisions of Paragraphs 8(a) and 8(b) of this Agreement. In the event that the Employer and Employee cannot in good faith enter into a modified agreement or if a modified agreement is not approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any void and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21no further force or effect. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or may be required to continue to hold a license, registration, permit or other approval casino key employee licenses (the “License”"Licenses") as issued by the one or more Gaming Authorities pursuant to the terms of the relevant Gaming Act Acts and as otherwise required by this Agreement. In the event Employee fails that any of the Gaming Authorities objects to apply for and securethe renewal of Employee's License, or any of the Gaming Authorities refuse refuses to issue or renew Employee’s 's applicable License, EmployeeEmployer, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or attempt to secure or reinstate the Authorities’ such Gaming Authority's approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ such Gaming Authority's refusal to renew or maintain Employee’s 's License arise arises as a result of any of the acts, omissions or events described in Section 1(cParagraph 1(a) of this Agreement, then Employer’s 's obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (HWCC Tunica Inc)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities the Louisiana Gaming Control Board and any other jurisdiction in which Employer and Employer’s Affiliates conducts business (the “Gaming Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Louisiana Riverboat Economic Development and Gaming Acts”) Control Act and any other applicable law and the regulations promulgated thereunder (collectively, the “Gaming RegulationsActs”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment is required to be approved by the Gaming Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and voidvoid and of no further force or effect; provided, thus extinguishing any however, should this Agreement not be approved by the Gaming Authorities, Employer and all obligations Employee shall hereby covenant and agree that, with the exception of either partythe provisions of Paragraph 8 of this Agreement, subject this Agreement shall be deemed modified and amended so as to any surviving obligations of Employee under Sections 9, 10 and 21receive the appropriate approval from the Gaming Authorities. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or may be required to hold a license, registration, permit or other approval casino employee casino licenses (the “LicenseLicenses”) as issued by one or more of the Gaming Authorities pursuant to the terms of the relevant Gaming Act Acts and as otherwise required by this Agreement. In the event Employee fails that any of the Gaming Authorities objects to apply for and secure, or the Authorities refuse to issue or renew renewal of the Employee’s License, or any of the Gaming Authorities refuses to renew Employee’s applicable License, Employer, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ such Gaming Authority’s approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ such Gaming Authority’s refusal to renew or maintain Employee’s License arise arises as a result of any of the acts, omissions or events described in Section 1(cParagraph 1(a) of this Agreement, then Employer’s obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (Shreveport Capital Corp)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 4 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse to issue or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section Subsection 1(c) of this Agreement, then Employer’s obligations under this Section 8 9 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 89. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 9 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Las Vegas Capital Corp)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the "Authorities") pursuant to the provisions of the relevant gaming regulatory statutes (the "Gaming Acts") and the regulations promulgated thereunder (the "Gaming Regulations"). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 4 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval (the "License") as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse to issue or renew Employee’s 's License, Employee, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities' approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities' refusal to renew or maintain Employee’s 's License arise as a result of any of the acts, omissions or events described in Section Subsection 1(c) of this Agreement, then Employer’s 's obligations under this Section 8 9 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 89. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 9 shall apply in the event Employee’s 's duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employeeemployee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 Employer and 21Employee. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse to issue or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section Subsection 1(c) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby ---------------------- covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (i) the Illinois Gaming Board (the “Authorities”"IGB") pursuant to the provisions of the relevant Illinois Riverboat Gambling Act, as amended (the "Illinois Gaming Act"), and the regulations promulgated thereunder, (ii) the Mississippi Gaming Commission (the "MGC") pursuant to the provisions of the Mississippi Gaming Control Act, as amended (the "Mississippi Gaming Act"), and the regulations promulgated thereunder, (iii) the Louisiana Gaming Control Board (the "LGCB") pursuant to the provisions of the Louisiana Riverboat Economic Development and Gaming Control Act, as amended (the "Louisiana Gaming Act"), and the regulations promulgated thereunder, and/or (iv) any and all other applicable gaming regulatory authorities (the "Other Gaming Authorities") and any and all other applicable gaming statutes (the "Other Gaming Acts") and the regulations promulgated thereunder (the “Gaming Regulations”)thereunder. Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals If this Agreement is required by the Illinois Gaming Act, the Mississippi Gaming Act, the Louisiana Gaming Act and/or the Other Gaming Acts and/or Gaming Regulations. In and the event that (i) an approval of this Agreement or Employee’s employment regulations promulgated thereunder to be approved by the Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this AgreementIGB, (ii) Employer and Employee have used their best efforts to obtain such approvalthe MGC, and (iii) this Agreement or Employee’s employment the LGCB and/or the Other Gaming Authorities, as applicable, but is not so approved by the Authoritiesany such gaming regulatory authority, then this Agreement shall immediately terminate and shall be null and voidvoid and of no further force or effect; provided, thus extinguishing any however, should this Agreement be required to be approved but is not so approved by the IGB, the MGC, the LGCB and/or the Other Gaming Authorities, Employer and all obligations Employee hereby covenant and agree that, with the exception of either partythe provisions of Paragraph 8 of this Agreement, subject this Agreement shall be modified and amended so as to any surviving obligations of Employee under Sections 9receive the appropriate approval from the IGB, 10 and 21the MGC, the LGCB and/or the Other Gaming Authorities. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or shall hold a license, registration, permit or other approval any necessary and appropriate casino key employee license (the "License") as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreementin gaming jurisdictions in which Employer or Employer's Affiliates may now or hereafter maintain casino operations. In the event Employee fails that any applicable gaming regulatory authority (the "Authority") objects to apply for and secure, the renewal of Employee's License or the Authorities refuse refuses to issue or renew Employee’s 's License, EmployeeEmployer, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the Authority's objections or secure or reinstate the Authorities’ Authority's approval, respectively. The foregoing notwithstandingNotwithstanding the foregoing, if the source of the Authority's objections or the Authorities’ Authority's refusal to renew or maintain Employee’s 's License arise as a result of any of the acts, omissions or events described in Section 1(cParagraph 1(a) of this Agreement, then Employer’s 's obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (HWCC Tunica Inc)

Licensing Requirements. $$ Gaming Act"), and the regulations promulgated thereunder; and/or (aiv) Employer any and Employee hereby covenant ---------- all other gaming authorities with jurisdiction over Employer's casino properties (the "Other Gaming Authorities") and agree that any and all other gaming statutes ------------------------ applicable to Employer's casino properties (the "Other Gaming Acts") and the ----------------- regulations promulgated thereunder. If this Agreement is required by the Illinois Gaming Act, the Mississippi Gaming Act, the Louisiana Gaming Act and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Other Gaming Acts”) Acts and the regulations promulgated thereunder (the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required be approved by the IGB, the MGC, the LGCB and/or the Other Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this AgreementAuthorities, (ii) Employer and Employee have used their best efforts to obtain such approvalas applicable, and (iii) this Agreement or Employee’s employment but is not so approved by the Authoritiesany such gaming regulatory authority, then this Agreement shall immediately terminate and shall be null and voidvoid and of no further force or effect; provided, thus extinguishing any however, should this Agreement be required to be approved but is not so approved by the IGB, the MGC, the LGCB and/or the Other Gaming Authorities, Employer and all obligations Employee hereby covenant and agree that, with the exception of either partythe provisions of Section 7 and Section 8 of this Agreement, subject this Agreement shall be modified and amended so as to any surviving obligations of Employee under Sections 9receive the appropriate approval from the IGB, 10 and 21. (b) If applicablethe MGC, the LGCB and/or the Other Gaming Authorities. Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or shall hold a license, registration, permit or other approval any necessary and appropriate casino key employee license (the "License") as issued by required ------- under the Authorities pursuant to Illinois Gaming Act, the terms of Mississippi Gaming Act, the relevant Louisiana Gaming Act and as otherwise required by this Agreementany Other Gaming Acts. In the event Employee fails that any applicable gaming regulatory authority (the "Authority") objects to apply for and secure, the renewal of Employee's --------- License or the Authorities refuse refuses to issue or renew Employee’s 's License, EmployeeEmployer, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the Authority's objections or secure or reinstate the Authorities’ Authority's approval, respectively. The foregoing notwithstandingNotwithstanding the foregoing, if the source of the Authority's objections or the Authorities’ Authority's refusal to renew or maintain Employee’s 's License arise as a result of any either of the acts, omissions or events described in Section 1(c1(b) of this Agreement, then Employer’s 's obligations under this Section 8 also 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 89. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (Hollywood Casino Corp)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse to issue or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section 1(cSubsection 1(d) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree ---------------------- that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities of: (i) the Illinois Gaming Board (the “Authorities”"IGB") pursuant to the provisions of the relevant gaming regulatory statutes Illinois Riverboat Gambling --- Act, as amended (the "Illinois Gaming Act"), and the regulations promulgated ------------------- thereunder; (ii) the Mississippi Gaming Commission (the "MGC") pursuant to the --- provisions of the Mississippi Gaming Control Act, as amended (the "Mississippi ----------- Gaming Act"), and the regulations promulgated thereunder; (iii) the Louisiana ---------- Gaming Control Board (the "LGCB") pursuant to the provisions of the Louisiana ---- Riverboat Economic Development and Gaming Control Act, as amended (the "Louisiana Gaming Act"), and the regulations promulgated thereunder; and/or (iv) -------------------- any and all other gaming authorities with jurisdiction over Employer's casino properties (the "Other Gaming Authorities") and any and all other gaming ------------------------ statutes applicable to Employer's casino properties (the "Other Gaming Acts") ----------------- and the regulations promulgated thereunder. If this Agreement is required by the Illinois Gaming Act, the Mississippi Gaming Act, the Louisiana Gaming Act and/or the Other Gaming Acts and the regulations promulgated thereunder (the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required be approved by the IGB, the MGC, the LGCB and/or the Other Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this AgreementAuthorities, (ii) Employer and Employee have used their best efforts to obtain such approvalas applicable, and (iii) this Agreement or Employee’s employment but is not so approved by the Authoritiesany such gaming regulatory authority, then this Agreement shall immediately terminate and shall be null and voidvoid and of no further force or effect; provided, thus extinguishing any however, should this Agreement be required to be approved but is not so approved by the IGB, the MGC, the LGCB and/or the Other Gaming Authorities, Employer and all obligations Employee hereby covenant and agree that, with the exception of either partythe provisions of Section 7 and Section 8 of this Agreement, subject this Agreement shall be modified and amended so as to any surviving obligations of Employee under Sections 9receive the appropriate approval from the IGB, 10 and 21. (b) If applicablethe MGC, the LGCB and/or the Other Gaming Authorities. Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or shall hold a license, registration, permit or other approval any necessary and appropriate casino key employee license (the "License") as issued by ------- required under the Authorities pursuant to Illinois Gaming Act, the terms of Mississippi Gaming Act, the relevant Louisiana Gaming Act and as otherwise required by this Agreementany Other Gaming Acts. In the event Employee fails that any applicable gaming regulatory authority (the "Authority") objects to apply for and secure, the renewal of --------- Employee's License or the Authorities refuse refuses to issue or renew Employee’s 's License, EmployeeEmployer, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the Authority's objections or secure or reinstate the Authorities’ Authority's approval, respectively. The foregoing notwithstandingNotwithstanding the foregoing, if the source of the Authority's objections or the Authorities’ Authority's refusal to renew or maintain Employee’s 's License arise as a result of any either of the acts, omissions or events described in Section 1(c1(b) of this Agreement, then Employer’s 's obligations under this Section 8 also 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 89. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (Hollywood Casino Corp)

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Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Gaming Authorities”) pursuant to the provisions of the relevant applicable gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming RegulationsLaws”). Employer and Employee hereby covenant and agree to use their best efforts efforts, at Employer’s sole cost and expense, to obtain any and all approvals required by the Gaming Acts and/or Gaming RegulationsLaws. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s her duties and responsibilities set forth in Section paragraph 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant applicable Gaming Act Laws and as otherwise required by this AgreementAgreement (the “License”). In the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s renew, or revoke or suspend any required License, then Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or objections, secure the Gaming Authorities’ approval, or reinstate the Authorities’ approvalLicense, respectively. The foregoing notwithstanding, if the source of the objections or the Gaming Authorities’ refusal to renew the License or maintain Employee’s License arise as a result their imposition of disciplinary action against Employee is any of the acts, omissions or events described in Section 1(cSubparagraph 1(d) of this Agreement, then Employer’s obligations under this Section paragraph 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section paragraph 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section paragraph 8 shall apply in the event Employee’s duties require that Employee also be licensed by such relevant governmental agencies other than the Gaming Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one the Illinois Gaming Board, the Mississippi Gaming Commission, the Louisiana Gaming Control Board and any other jurisdiction in which Employer or more gaming regulatory authorities Employer's Affiliates conducts business (collectively, the "Gaming Authorities") pursuant to the provisions of the relevant gaming regulatory statutes (Illinois Riverboat Gambling Act, the Mississippi Gaming Acts”) Control Act, the Louisiana Riverboat Economic Development and Gaming Control Act and any other applicable law and the regulations promulgated thereunder (collectively, the "Gaming Regulations”Acts"). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment is required to be approved by the Gaming Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then both the Employer and the Employee covenant that they will attempt in good faith to enter into a modified agreement that would be approved by the Gaming Authorities provided, however, that, in no event will any modified agreement reduce the Base Salary and Minimum Bonus provisions of Paragraphs 8(a) and 8(b) of this Agreement. In the event that the Employer and Employee cannot in good faith enter into a modified agreement or if a modified agreement is not approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any void and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21no further force or effect. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or may be required to continue to hold a license, registration, permit or other approval casino key employee licenses (the “License”"Licenses") as issued by the one or more Gaming Authorities pursuant to the terms of the relevant Gaming Act Acts and as otherwise required by this Agreement. In the event Employee fails that any of the Gaming Authorities objects to apply for and securethe renewal of Employee's License, or any of the Gaming Authorities refuse refuses to issue or renew Employee’s 's applicable License, EmployeeEmployer, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or attempt to secure or reinstate the Authorities’ such Gaming Authority's approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ such Gaming Authority's refusal to renew or maintain Employee’s 's License arise arises as a result of any of the acts, omissions or events described in Section 1(cParagraph 1(a) of this Agreement, then Employer’s 's obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (HWCC Tunica Inc)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree It is the intent of the parties that this ---------------------- Agreement and/or Employee’s employment may be structured such that NORAM is not required to be licensed by the Nation or the State of Washington with respect to the Facility. However, to the extent that NORAM or any of its affiliates is required to comply with or be licensed under applicable gaming laws in order to receive the NORAM Profit Participation or reimbursement of the Pre-Development Amount or NORAM's Verifiable Expenses, NORAM hereby acknowledges and agrees that its rights hereunder are expressly subject to compliance with such laws on or before the approval of one or more gaming regulatory authorities (date on which the “Authorities”) pursuant Facility is first open to the provisions general public. As soon as practicable, NORAM shall apply, at its sole expense, to obtain licensing and all necessary approvals required with respect to the NORAM Profit Participation or reimbursement of the relevant gaming regulatory statutes Pre-Development Amount or NORAM's Verifiable Expenses, and NORAM hereby agrees to use its best efforts to obtain (and to cause each of its directors, officers, equity owners and other affiliates, as applicable, to obtain) all required licenses and approvals as promptly as possible. If NORAM or any of its directors, officers, equity owners or other affiliates is unable, at any time, to obtain or maintain such licensing or otherwise comply with applicable law (such person or entity, a "NONCOMPLYING PERSON"), NORAM shall take such action, including without limitation, a corporate restructuring, the “Gaming Acts”severing of its relationship with the Noncomplying Person or the assignment of the NORAM Profit Participation in accordance with paragraph 0 hereof, in order to comply with applicable law within thirty (30) and days of the regulations promulgated thereunder (date on which the “Gaming Regulations”)Noncomplying Person was unable or ceased to comply with such law. Employer and Employee hereby covenant and agree If NORAM is unable or unwilling to comply with the requirements of the preceding sentence, the parties will use their best efforts to obtain restructure the NORAM Profit Participation so that the payment thereof will not violate any and all approvals required by licensing requirements, provided, however that if such a restructuring cannot be accomplished, to HP's reasonable satisfaction, within a reasonable time, HP may terminate the Gaming Acts and/or Gaming Regulations. In NORAM Profit Participation in order to avoid any adverse effect on the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Consulting Agreement, (ii) Employer any other agreement between HP and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, Nation or the Authorities refuse to issue regulatory status of HP or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section 1(c) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8its affiliates. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Profit Participation Agreement (Hollywood Park Operating Co)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one the Illinois Gaming Board, the Mississippi Gaming Commission, the Louisiana Gaming Control Board and any other jurisdiction in which Employer or more gaming regulatory authorities Employer's Affiliates conducts business (collectively, the "Gaming Authorities") pursuant to the provisions of the relevant gaming regulatory statutes (Illinois Riverboat Gambling Act, the Mississippi Gaming Acts”) Control Act, the Louisiana Riverboat Economic Development and Gaming Control Act and any other applicable law and the regulations promulgated thereunder (collectively, the "Gaming Regulations”Acts"). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s duties be approved by any of the Gaming Authorities and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and voidvoid and of no further force or effect; provided, thus extinguishing any however, should this Agreement not be approved by the Gaming Authorities, Employer and all obligations Employee shall hereby covenant and agree that, with the exception of either partythe provisions of Paragraph 8 of this Agreement, subject this Agreement shall be deemed modified and amended so as to any surviving obligations of Employee under Sections 9, 10 and 21receive the appropriate approval from the Gaming Authorities. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or may be required to continue to hold a license, registration, permit or other approval casino key employee licenses (the “License”"Licenses") as issued by the one or more Gaming Authorities pursuant to the terms of the relevant Gaming Act Acts and as otherwise required by this Agreement. In the event Employee fails that any of the Gaming Authorities objects to apply for and securethe renewal of Employee's License, or any of the Gaming Authorities refuse refuses to issue or renew Employee’s 's applicable License, EmployeeEmployer, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or attempt to secure or reinstate the Authorities’ such Gaming Authority's approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ such Gaming Authority's refusal to renew or maintain Employee’s 's License arise arises as a result of any of the acts, omissions or events described in Section 1(cParagraph 1(a) of this Agreement, then Employer’s 's obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8.Paragraph 9. " (c) Employer and Employee 6. A new Paragraph 23 is hereby covenant and agree that added to the provisions of this Section 8 Existing Employment Agreement, which Paragraph 23 shall apply to read in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.its entirety as follows:

Appears in 1 contract

Samples: Employment Agreement (HWCC Tunica Inc)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the "Gaming Authorities") pursuant to the provisions of the relevant applicable gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the "Gaming Regulations”Laws"). Employer and Employee hereby covenant and agree to use their best efforts efforts, at Employer's sole cost and expense, to obtain any and all approvals required by the Gaming Acts and/or Gaming RegulationsLaws. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s her duties and responsibilities set forth in Section paragraph 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant applicable Gaming Act Laws and as otherwise required by this AgreementAgreement (the "License"). In the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s renew, or revoke or suspend any required License, then Employee, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or objections, secure the Gaming Authorities' approval, or reinstate the Authorities’ approvalLicense, respectively. The foregoing notwithstanding, if the source of the objections or the Gaming Authorities' refusal to renew the License or maintain Employee’s License arise as a result their imposition of disciplinary action against Employee is any of the acts, omissions or events described in Section 1(cSubparagraph 1(d) of this Agreement, then Employer’s 's obligations under this Section paragraph 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section paragraph 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section paragraph 8 shall apply in the event Employee’s 's duties require that Employee also be licensed by such relevant governmental agencies other than the Gaming Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one the Louisiana Gaming Control Board and any other jurisdiction in which Employer or more gaming regulatory authorities Employer's Affiliates conducts business (the "Gaming Authorities") pursuant to the provisions of the relevant gaming regulatory statutes (the “Louisiana Riverboat Economic Development and Gaming Acts”) Control Act and any other applicable law and the regulations promulgated thereunder (collectively, the "Gaming Regulations”Acts"). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment is required to be approved by the Gaming Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and voidvoid and of no further force or effect; provided, thus extinguishing any however, should this Agreement not be approved by the Gaming Authorities, Employer and all obligations Employee shall hereby covenant and agree that, with the exception of either partythe provisions of Paragraph 8 of this Agreement, subject this Agreement shall be deemed modified and amended so as to any surviving obligations of Employee under Sections 9, 10 and 21receive the appropriate approval from the Gaming Authorities. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or may be required to hold a license, registration, permit or other approval casino key employee licenses (the “License”"Licenses") as issued by one or more of the Gaming Authorities pursuant to the terms of the relevant Gaming Act Acts and as otherwise required by this Agreement. In the event Employee fails that any of the Gaming Authorities objects to apply for and securethe renewal of Employee's License, or any of the Gaming Authorities refuse refuses to issue or renew Employee’s 's applicable License, EmployeeEmployer, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ such Gaming Authority's approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ such Gaming Authority's refusal to renew or maintain Employee’s 's License arise arises as a result of any of the acts, omissions or events described in Section 1(cParagraph 1(a) of this Agreement, then Employer’s 's obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (HCS Ii Inc)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employeeemployee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and voidterminate, thus extinguishing any and all obligations of either partyEmployer except for the payment of Base Salary, subject to any surviving obligations accrued and unpaid vacation and expense reimbursement through the date of Employee under Sections 9, 10 and 21such termination. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee fails to apply for and secure, or the Authorities refuse to issue or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ final refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section Subsection 1(c) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Las Vegas LLC)

Licensing Requirements. (ai) Executive has been cleared by the current compliance committee to perform his duties under his title and it has been determined that Executive is suitable and meets the standards to perform his duties within the state of Nevada. Executive and the Employer and Employee hereby covenant and agree that this Agreement and/or EmployeeExecutive’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder there under (the “Gaming Regulations”). Executive and the Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or EmployeeExecutive’s employment by the Authorities is required for Employee Executive to carry out EmployeeExecutive’s duties and responsibilities set forth in Section 3 of under this Agreement, Agreement and (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or EmployeeExecutive’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate agreement will be suspended and shall any compensation due will be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21regulatory approval. (bii) If applicable, Executive and the Employer and Employee hereby covenant and agree that, in order for Employee Executive to discharge the duties required under this Agreement, Employee Executive must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee Executive fails to apply for and secure, or the Authorities refuse to issue or renew EmployeeExecutive’s License, EmployeeExecutive, at the Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain EmployeeExecutive’s License arise as a result of any of the acts, omissions or events described constituting Cause as defined in Section 1(c) of this Agreement, then the Employer’s obligations under this Section 8 also section shall not be operative and Employee Executive shall promptly reimburse the Employer upon demand for any expenses incurred by the Employer pursuant to this Section 8section. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (American Wagering Inc)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming or other regulatory authorities (the “Gaming Authorities”) pursuant to the provisions of the relevant any applicable gaming regulatory and liquor statutes and other laws in any jurisdiction in which Employer or any of its Affiliates conduct or may conduct business (collectively, the “Gaming Acts”) and the regulations promulgated thereunder (collectively, the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 10, 11 and 21, notwithstanding any other provisions of this Agreement. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for for, obtain, or hold a license, registration, permit or other approval (the a “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant Gaming Act or Gaming Regulations and as otherwise required by this Agreement. In If required, in the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Gaming Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Gaming Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section 1(c) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies any Governmental Agency other than the Gaming Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (ai) Employer The Company and Employee Executive hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one the Louisiana Gaming Control Board and any other jurisdiction in which the Company or more gaming regulatory authorities the Company Affiliates conducts business (the “Gaming Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Louisiana Gaming Acts”) Control Law and any other applicable law and the regulations promulgated thereunder (the “Gaming RegulationsActs”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment is required to be approved by the Gaming Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and voidvoid and of no further force or effect; provided, thus extinguishing any however, should this Agreement not be approved by the Gaming Authorities, the Company and all obligations Executive shall hereby covenant and agree that, with the exception of either partythe provisions of Section 3, subject this Agreement shall be deemed modified and amended so as to any surviving obligations of Employee under Sections 9, 10 and 21receive the appropriate approval from the Gaming Authorities. (bii) If applicable, Employer The Company and Employee Executive hereby covenant and agree that, in order for Employee Executive to discharge the duties required under this Agreement, Employee Executive must apply for or continue to hold a license, registration, permit or other approval key gaming employee licenses (the “LicenseLicenses”) as issued by the Gaming Authorities pursuant to the terms of the relevant Gaming Act Acts and as otherwise required by this Agreement. In the event Employee fails that any of the Gaming Authorities objects to apply for and secure, or the Authorities refuse to issue or renew Employeerenewal of Executive’s License, Employeeor either of the Gaming Authorities refuses to renew Executive’s applicable License, the Company, at Employerthe Company’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ such Gaming Authority’s approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ such Gaming Authority’s refusal to renew or maintain EmployeeExecutive’s License arise arises as a result of any of the acts, omissions or events described in Section 1(c) of this Agreement5(e), then Employerthe Company’s obligations under this Section 8 also 4 shall not be operative and Employee Executive shall promptly reimburse Employer the Company upon demand for any expenses incurred by Employer the Company pursuant to this Section 84. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (Shreveport Capital Corp)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming or other regulatory authorities (the “Gaming Authorities”) pursuant to the provisions of the relevant any applicable gaming regulatory and liquor statutes and other laws in any jurisdiction in which Employer or any of its Affiliates conduct or may conduct business (collectively, the “Gaming Acts”) and the regulations promulgated thereunder (collectively, the “Gaming Regulations”). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 10, and 21, notwithstanding any other provisions of this Agreement. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for for, obtain, or hold a license, registration, permit or other approval (the a “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant Gaming Act or Gaming Regulations and as otherwise required by this Agreement. In If required, in the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s License, Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Gaming Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Gaming Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section 1(c) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies any Governmental Agency other than the Gaming Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one the Louisiana Gaming Control Board and any other jurisdiction in which Employer or more gaming regulatory authorities Employer's Affiliates conducts business (the "Gaming Authorities") pursuant to the provisions of the relevant gaming regulatory statutes (the “Louisiana Riverboat Economic Development and Gaming Acts”) Control Act and any other applicable law and the regulations promulgated thereunder (collectively, the "Gaming Regulations”Acts"). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment is required to be approved by the Gaming Authorities is required for Employee to carry out Employee’s duties and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and voidvoid and of no further force or effect; provided, thus extinguishing any however, should this Agreement not be approved by the Gaming Authorities, Employer and all obligations Employee shall hereby covenant and agree that, with the exception of either partythe provisions of Paragraph 8 of this Agreement, subject this Agreement shall be deemed modified and amended so as to any surviving obligations of Employee under Sections 9, 10 and 21receive the appropriate approval from the Gaming Authorities. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or may be required to hold a license, registration, permit or other approval casino employee licenses (the “License”"Licenses") as issued by one or more of the Gaming Authorities pursuant to the terms of the relevant Gaming Act Acts and as otherwise required by this Agreement. In the event Employee fails that any of the Gaming Authorities objects to apply for and securethe renewal of Employee's License, or any of the Gaming Authorities refuse refuses to issue or renew Employee’s 's applicable License, EmployeeEmployer, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ such Gaming Authority's approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ such Gaming Authority's refusal to renew or maintain Employee’s 's License arise arises as a result of any of the acts, omissions or events described in Section 1(cParagraph 1(a) of this Agreement, then Employer’s 's obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (Shreveport Capital Corp)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the "Gaming Authorities") pursuant to the provisions of the relevant applicable gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the "Gaming Regulations”Laws"). Employer and Employee hereby covenant and agree to use their best efforts efforts, at Employer's sole cost and expense, to obtain any and all approvals required by the Gaming Acts and/or Gaming RegulationsLaws. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s his duties and responsibilities set forth in Section 3 Paragraph 4 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant applicable Gaming Act Laws and as otherwise required by this AgreementAgreement (the "License"). In the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s renew, or revoke or suspend any required License, then Employee, at Employer’s 's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or objections, secure the Gaming Authorities' approval, or reinstate the Authorities’ approvalLicense, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section 1(c) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 Paragraph 9 shall apply in the event Employee’s 's duties require that Employee also be licensed by such relevant governmental agencies other than the Gaming Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (ai) Executive and the Employer and Employee hereby covenant and agree that this Agreement and/or EmployeeExecutive’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Authorities”) pursuant to the provisions of the relevant gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder there under (the “Gaming Regulations”). Executive and the Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or EmployeeExecutive’s employment by the Authorities is required for Employee Executive to carry out EmployeeExecutive’s duties and responsibilities set forth in Section 3 of under this Agreement, Agreement and (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employeeemployee’s employment is not so approved by the Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21.the Employer. Executive’s Initials Employer’s Initials (bii) If applicable, Executive and the Employer and Employee hereby covenant and agree that, in order for Employee Executive to discharge the duties required under this Agreement, Employee Executive must apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Authorities pursuant to the terms of the relevant Gaming Act and as otherwise required by this Agreement. In the event Employee Executive fails to apply for and secure, or the Authorities refuse to issue or renew EmployeeExecutive’s License, EmployeeExecutive, at the Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or secure or reinstate the Authorities’ approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain EmployeeExecutive’s License arise as a result of any of the acts, omissions or events described constituting Cause as defined in Section 1(c) of this Agreement, then the Employer’s obligations under this Section 8 also section shall not be operative and Employee Executive shall promptly reimburse the Employer upon demand for any expenses incurred by the Employer pursuant to this Section 8section. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 shall apply in the event Employee’s duties require that Employee also be licensed by governmental agencies other than the Authorities.

Appears in 1 contract

Samples: Employment Agreement (American Wagering Inc)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Gaming Authorities”) pursuant to the provisions of the relevant applicable gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming Regulationsthe“Gaming Laws”). Employer and Employee hereby covenant and agree to use their best efforts efforts, at Employer’s sole cost and expense, to obtain any and all approvals required by the Gaming Acts and/or Gaming RegulationsLaws. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s her duties and responsibilities set forth in Section paragraph 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant applicable Gaming Act Laws and as otherwise required by this AgreementAgreement (the “License”). In the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s renew, or revoke or suspend any required License, then Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or objections, secure the Gaming Authorities’ approval, or reinstate the Authorities’ approvalLicense, respectively. The foregoing notwithstanding, if the source of the objections or the Gaming Authorities’ refusal to renew the License or maintain Employee’s License arise as a result their imposition of disciplinary action against Employee is any of the acts, omissions or events described in Section 1(cSubparagraph 1(d) of this Agreement, then Employer’s obligations under this Section paragraph 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section paragraph 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section paragraph 8 shall apply in the event Employee’s duties require that Employee also be licensed by such relevant governmental agencies other than the Gaming Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities (the “Gaming Authorities”) pursuant to the provisions of the relevant applicable gaming regulatory statutes (the “Gaming Acts”) and the regulations promulgated thereunder (the “Gaming RegulationsLaws”). Employer and Employee hereby covenant and agree to use their best efforts efforts, at Employer’s sole cost and expense, to obtain any and all approvals required by the Gaming Acts and/or Gaming RegulationsLaws. In the event that (i) an approval of this Agreement or Employee’s employment by the Gaming Authorities is required for Employee to carry out Employee’s her duties and responsibilities set forth in Section 3 Paragraph 4 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the Gaming Authorities, then this Agreement shall immediately terminate and shall be null and void, thus extinguishing any and all obligations of either party, subject to any surviving obligations of Employee under Sections 9, 10 and 21. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must may be required to apply for or hold a license, registration, permit or other approval (the “License”) as issued by the Gaming Authorities pursuant to the terms of the relevant applicable Gaming Act Laws and as otherwise required by this AgreementAgreement (the “License”). In the event Employee fails to apply for and secure, or the Gaming Authorities refuse to issue or renew Employee’s renew, or revoke or suspend any required License, then Employee, at Employer’s sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the objections or objections, secure the Gaming Authorities’ approval, or reinstate the Authorities’ approvalLicense, respectively. The foregoing notwithstanding, if the source of the objections or the Gaming Authorities’ refusal to renew the License or maintain Employee’s License arise as a result their imposition of disciplinary action against Employee is any of the acts, omissions or events described in Section Subparagraph 1(c) of this Agreement, then Employer’s obligations under this Section 8 also Paragraph 9 shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8Paragraph 9. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 Paragraph 9 shall apply in the event Employee’s duties require that Employee also be licensed by such relevant governmental agencies other than the Gaming Authorities.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

Licensing Requirements. (a) Employer and Employee hereby covenant and agree that this Agreement and/or Employee’s employment may be subject to the approval of one or more gaming regulatory authorities the New Jersey Casino Control Commission ("the “Authorities”Commission") pursuant to the provisions of the relevant gaming regulatory statutes New Jersey Casino Control Act ("the “Gaming Acts”Act") and the regulations promulgated thereunder ("the “Gaming Regulations"). Employer and Employee hereby covenant and agree to use their best efforts to obtain any and all approvals required by the Gaming Acts and/or Gaming Regulations. In the event that (i) an approval of this Agreement or Employee’s employment is required to be so approved by the Authorities is required for Employee to carry out Employee’s duties Commission and responsibilities set forth in Section 3 of this Agreement, (ii) Employer and Employee have used their best efforts to obtain such approval, and (iii) this Agreement or Employee’s employment is not so approved by the AuthoritiesCommission, then this Agreement shall immediately terminate and shall be null and voidvoid and of no further force or effect. However, thus extinguishing in the event of any such disapproval, Employer and all obligations Employee hereby agree that, with the exception of either partythe provisions of Paragraph 8 of this Agreement, subject this Agreement shall be deemed modified and amended so as to any surviving obligations of Employee under Sections 9, 10 and 21receive the appropriate approval from the Commission. (b) If applicable, Employer and Employee hereby covenant and agree that, in order for Employee to discharge the duties required under this Agreement, Employee must apply for or continue to hold a license, registration, permit or other approval casino key employee license ("the License") as issued by the Authorities Commission pursuant to the terms of the relevant Gaming Act and as otherwise required by this AgreementAct. In the event Employee fails that the New Jersey Division of Gaming Enforcement ("the Division") objects to apply for and secure, the renewal of Employee's License or the Authorities refuse Commission refuses to issue or renew the Employee’s 's License, Employee, at Employer’s Employee's sole cost and expense, shall promptly defend such action and shall take such reasonable steps as may be required to either remove the Division's objections or to secure or reinstate the Authorities’ Commission's approval, respectively. The foregoing notwithstanding, if the source of the objections or the Authorities’ refusal to renew or maintain Employee’s License arise as a result of any of the acts, omissions or events described in Section 1(c) of this Agreement, then Employer’s obligations under this Section 8 also shall not be operative and Employee shall promptly reimburse Employer upon demand for any expenses incurred by Employer pursuant to this Section 8. (c) Employer and Employee hereby covenant and agree that the provisions of this Section 8 Paragraph 9 shall apply with equal force in the event Employee’s 's duties require that Employee also be licensed by such relevant governmental agencies other than the AuthoritiesCommission.

Appears in 1 contract

Samples: Employment Agreement (Pratt Hotel Corp /De/)

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