Exhibit 10.74
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May 3, 1996
Ms. Xxxxxxx Xxxxxxxx
Xxx Xxxxx Xxxxxx
Xxxxxxx, Xxx Xxxxxx 00000
Re: Employment by Xxxxx Xxx Xxxxx Associates
Dear Ms. Viscount:
This letter will set forth the terms of your employment by Xxxxx Xxx Xxxxx
Associates ("TTMA"), the owner and operator of Xxxxx Xxx Xxxxx Casino Resort
("Taj Mahal"). In the event your employment is terminated by TTMA for any
reason other than Cause, TTMA shall, upon the execution of a release agreement,
pay you an amount equal to six (6) months of your then current salary, excluding
bonuses, car allowance or the like. For purposes of this provision, Cause shall
be defined to mean the following: a breach by you of any employee conduct rule;
the suspension, revocation or expiration of your Casino Control Commission
license or registration; an act of dishonesty; the deliberate and intentional
refusal by you to perform your duties as assigned; illegal drug use or
addiction; your permanent disability if that disability results in your
inability to perform the essential functions of your job despite reasonable
accommodation; or your death.
You understand that this letter sets forth a specific term of your
employment only and is not an employment agreement. TTMA and you will always
have an employment at-will relationship which means that either you or TTMA may
choose to end your employment at any time. Additionally, your employment will
be subject to the terms and conditions of Xxx Xxxxx'x Employee Handbook.
We look forward to having your join the Taj Mahal team.
Very truly yours,
/s/ X. Xxxxx XxXxx
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X. Xxxxx XxXxx
Senior Vice President, Finance
and Chief Operating Officer
Ms. Xxxxxxx Viscount
Page Two
May 3, 1996
I acknowledge that the foregoing supersedes and terminates all terms and
conditions of that certain letter dated February 14, 1996 from Xxxxx'x Castle
Associates ("TCA") wherein TCA agreed to pay me an amount equal to six months
salary in the event I was terminated by TCA without Cause. I hereby release and
hold TCA harmless from any obligations pursuant to the February 14, 1996 letter.
/s/ Xxxxxxx Xxxxxxxx
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Xxxxxxx Viscount
