EXHIBIT 10.2
May 4, 2001
Xxxxxx X. Xxxxx
Chief Executive Officer
GTECH Corporation
00 Xxxxxxxxxx Xxx
Xxxx Xxxxxxxxx, Xxxxx Xxxxxx 00000
Re: Amendment to Employment Agreement
Dear Xxxxxx,
I am writing to confirm that your employment agreement, effective as of March
12, 2001, has been amended, with the express approval of the GTECH Holdings
Corporation Board of Directors, as follows: The relocation benefits provided for
in Section 1 of Appendix B have been revised to provide that you will receive a
total of 6 points on the purchase price of your house (with the difference
between said amount and the amount actually paid to the mortgage company, if
any, paid to you directly from the relocation agent) in conjunction with your
relocation. In accordance with the relocation policy, this payment of points
shall be grossed-up for all federal and state taxes by GTECH.
Please let me know if you require further information. If you agree with this
amendment, kindly please execute and return to me the original of this letter.
Sincerely,
/s/ Xxxx X. Xxxxxxxxxx
-----------------------
Xxxx X. Xxxxxxxxxx
Senior Vice President and General Counsel
Accepted and Agreed:
/s/ Xxxxxx X. Xxxxx
-----------------------
Xxxxxx X. Xxxxx
