FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
EXHIBIT
10.2
FIRST
AMENDMENT TO EMPLOYMENT AGREEMENT
This
First Amendment (the “Amendment”), dated as of November 16, 2008, is to that
certain Employment Agreement (the “Employment Agreement”), dated as of June 10
2008, between Shuffle Master, Inc. (“the Company”) and Xxxxx Xxxxx
(“Employee”). All capitalized terms used in this Amendment and not
otherwise defined herein shall have the same meaning as in the Employment
Agreement.
For good
and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Company and Employee hereby agree as follows:
1. As
a result of Employee’s performance, the Company is promoting the Employee, and,
effective immediately, his title will be Executive Vice President, reporting to
the Chief Executive Officer or his designee. Employee shall perform the duties
of that position as assigned by the Chief Executive Officer, which, as of the
date hereof (but subject to change), shall include, without limitation,
overseeing the Company’s sales, product management and operations
functions.
2. Except
as expressly amended hereby, the Employment Agreement, as amended hereby, is
hereby confirmed and ratified by the parties as being and remaining in full
force and effect, according to its terms and conditions, and without any further
amendments or modifications.
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EMPLOYER:
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EMPLOYEE:
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SHUFFLE
MASTER, INC.
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XXXXX
XXXXX
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BY: /s/ Xxxx X.
Xxxxxxxx
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BY: /s/ Xxxxx
Xxxxx
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ITS: Chief Executive
Officer
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ITS: Executive Vice
President
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