EXHIBIT 10.22
SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT, is made and entered into
as of the 26th day of September, 2002, by and between MIKOHN GAMING CORPORATION
("MIKOHN") and XXXXXXX XXXXXXXX ("Employee").
W I T N E S S E T H:
WHEREAS, MIKOHN and Employee deem it to be in their respective best
interests to amend that certain Employment Agreement entered into as of April
26, 1999, between MIKOHN and Employee (the "Agreement").
NOW, THEREFORE, in consideration of the premises and the mutual promises
and agreements contained herein, it is hereby agreed as follows:
Section 6(a) of the Agreement and Section 8 of the First Amendment to
Employment Agreement dated January 8, 2002 shall be amended to read as follows:
In the event Employee is terminated without good cause, (i)
the vesting date of all options issued to Employee shall accelerate
to the date of termination; (ii) MIKOHN shall pay to Employee a sum
equal to Employee's Base Annual Salary as of the date of
termination, said sum to be payable in twelve (12) monthly
installments; and (iii) the Covenant Against Competition provided
in Section 11 shall expire after twelve (12) months.
IN WITNESS WHEREOF, the parties hereto have read, understood, and
voluntarily executed this Second Amendment to Employment Agreement as of the
day and year first above written.
EMPLOYEE MIKOHN GAMING CORPORATION
______________________________ By: _______________________
XXXXXXX XXXXXXXX
Its:_______________________
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