EXHIBIT 10.71.1
[Letterhead of Xxxxx Xxx Xxxxx Casino Resort]
May 27, 1997
Mr. Xxxxx Xxxxx
00 Xxxxxxx Xxxxx
Xxxxxxx, Xxx Xxxxxx 00000
Dear Xxxxx:
This letter will serve as a Second Amendment to the Employment Agreement dated
December 10, 1993, and amended October 10, 1995, entered into between Xxxxx Xxx
Xxxxx Associates d/b/a Xxxxx Xxx Xxxxx Casino Resort and you ("the Agreement").
TTMA shall extend your Agreement, commencing June 1, 1997 and expiring June 30,
2001 ("the Expiration Date").
Paragraph 2 of the Agreement is hereby amended to provide for an annual base
salary of Three Hundred and Fifty Thousand ($350,000.00) Dollars. You shall
also receive a bonus upon signing in the amount of Fifty Thousand ($50,000.00)
Dollars (net amount after payment of taxes).
Paragraph 5b of the Agreement is hereby amended to provide a company provided
car in lieu of the car allowance, in an amount not to exceed Ten Thousand
($10,000.00) Dollars per year, commencing immediately.
Paragraph 5 of the First Amendment shall remain in effect, whereby TTMA shall
pay an annual bonus in a minimum amount of One Hundred Twenty Five Thousand
($125,000.00) Dollars.
Except as hereby modified, all the other terms and conditions of the Agreement
and the First Amendment, dated October 10, 1995, shall remain in full force and
effect.
Xxxxx X. Xxxxx
Page 2
May 27, 1997
Please acknowledge your agreement with this modification by signing below.
Very truly yours,
/s/ Xxxxxxx X. Xxxxxx
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XXXXXXX X. XXXXXX
Chief Operating Officer
Agreed & Consented To:
/s/ Xxxxx X. Xxxxx Date:
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XXXXX X. XXXXX
