EXHIBIT 10.61
SECOND MODIFICATION OF EMPLOYMENT AGREEMENT
THIS MODIFICATION, made and entered into this 22nd day of October, 1997,
by and between HARVEYS CASINO RESORTS, a Nevada corporation, hereinafter
referred to as "Harveys" and/or "Employer", and XXXX XXXXXXXXXX, hereinafter
referred to as "Employee", is as follows:
W I T N E S S E T H:
WHEREAS, Harveys and Employee did, on the 14th day of August, 1995, execute
an Employment Agreement (the "Agreement");
and
WHEREAS, Harveys and Employee did, on the 27th day of November, 1996,
execute a document modifying the Agreement; and
WHEREAS, Harveys desires to continue to engage the services of Employee,
who is desirous of continued employment by Harveys under the terms and
conditions as set forth herein; and
WHEREAS, the parties desire to again amend the Agreement as of the date
hereof in the follow particulars:
A. Section 3.01 shall be modified by extending the term of employment for
one (1) additional year commencing the 18th day of September, 1999, and
terminating on the 17th day of September, 2000, unless further extended by
mutual agreement of the parties.
B. Section 3.01 shall also be modified by adding the following language:
"Effective the 20th day of October, 1997, Employee's annual salary shall be
increased to $250,000.00 per annum."
C. Paragraph 8.02 shall be modified by increasing Employee's vacation
time from two (2) weeks per year to three (3) weeks per year, commencing on the
2nd anniversary date of hire.
Where not inconsistent herewith, the remaining terms and conditions of the
Agreement shall remain in full force and effect and shall be deemed restated
herein as if set forth herein verbatim.
DATED this __ day of October, 1997.
EMPLOYEE:
/s/ Xxxx XxXxxxxxxx
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Xxxx XxXxxxxxxx
EMPLOYER:
HARVEYS CASINO RESORTS, a Nevada corporation
By: /s/ Xxxxxxx X. Xxxxxxx
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XXXXXXX X. XXXXXXX
President/Chief Executive Officer
