THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit
10.1
THIRD
AMENDMENT TO
EMPLOYMENT AGREEMENT
This
THIRD AMENDMENT TO EMPLOYMENT
AGREEMENT (this “Amendment”)
is entered into on the 11th day of September 2008, by and between Wynn Resorts,
Limited (“Employer”)
and Xxxxxxx X. Xxxx (“Employee”). Capitalized
terms that are not defined herein shall have the meanings ascribed to them in
the Agreement (as defined below).
RECITALS
A. Employer
and Employee
have entered into that certain Employment Agreement, dated as of October 4,
2002, as amended by that certain First Amendment to Employment Agreement dated
August 6, 2004 and as further amended by that certain Second Amendment to
Employment Agreement dated January 31, 2007 (collectively, the “Agreement”);
and
B. Employer
and Employee desire to amend the Agreement to extend the Term of the Agreement
as provided herein.
NOW,
THEREFORE, in consideration of the foregoing, the parties agree as
follows:
1. Term. Subsection
6 of the Agreement is hereby amended to read as follows:
“6.
TERM.
Unless sooner terminated as provided in this Agreement, the term of this
Agreement (the “Term”)
shall commence on the Effective Date of this Agreement and expire on October 24,
2020.”
2. Other
Provisions of
Agreement. Other than as provided herein, the terms and
conditions of the Agreement are ratified and confirmed.
IN
WITNESS WHEREOF, the
parties hereto have caused this Amendment to be executed as of the date first
written above.
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WYNN
RESORTS,
LIMITED
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EMPLOYEE
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By: /s/
Xxxx X. Xxxxxx
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/s/
Xxxxxxx
X.
Xxxx
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Name: Xxxx X.
Xxxxxx
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Xxxxxxx
X. Xxxx
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Title:
Chief Operating
Officer
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