Re: Employment Agreement dated April 17, 2000 between Joseph A. Fusco and Trump Hotels & Casino Resorts, Inc., Trump Hotels & Casino Resorts Holdings, L.P. and Trump Atlantic City Associates (collectively “Trump”) (the “Agreement”)
EXHIBIT 10.38
January 9, 2003
Xxxxxx X.
Xxxxx
[ADDRESS]
| Re: |
Employment Agreement dated April 17, 2000 between Xxxxxx X. Xxxxx and Xxxxx Hotels & Casino Resorts, Inc., Xxxxx Hotels & Casino Resorts Holdings, L.P. and Xxxxx Atlantic City Associates (collectively “Xxxxx”) (the “Agreement”) |
Dear Xx. Xxxxx:
This letter will confirm that the Agreement is hereby amended as set forth below:
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the Expiration Date is extended to December 31, 2006; |
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paragraph 2 is amended to reflect the annual base salary of $400,000; and |
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paragraph 3 is amended to state that commencing January 1, 2004 the annual salary shall be increased at a rate not less than 5% per annum. |
Except to the extent modified herein, you and Xxxxx hereby ratify the Agreement and agree that all other terms, conditions and obligations contained therein remain in full force and effect as stated in the Agreement.
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Very truly yours, | ||
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/s/ XXXX X. XXXXX |
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XXXX X. XXXXX |
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Chief Operating Officer |
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| Agreed and Consented to: |
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| /s/ XXXXXX X. XXXXX |
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| Xxxxxx X. Xxxxx |
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| 1/9/03 |
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