0000912057-02-012520 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 29th, 2002 • Park Place Entertainment Corp • Hotels & motels • Nevada

THIS EMPLOYMENT AGREEMENT ("Agreement") is made and effective as of the 14th day of March, 2002, by and between PARK PLACE ENTERTAINMENT CORPORATION, a Delaware corporation (the "Company"), and HARRY C. HAGERTY III ("Executive").

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CHANGE OF CONTROL AGREEMENT
Control Agreement • March 29th, 2002 • Park Place Entertainment Corp • Hotels & motels • Delaware

AGREEMENT by and between Park Place Entertainment Corporation, a Delaware corporation (the "Company"), and Kim Sinatra (the "Employee"), dated as of the 25th day of March, 2002.

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • March 29th, 2002 • Park Place Entertainment Corp • Hotels & motels • Nevada

THIS EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") is made and effective as of the first day of January, 1999, by and between PARK PLACE ENTERTAINMENT CORPORATION, a Delaware corporation ("Employer") and SCOTT A. LA PORTA ("Employee").

AMENDMENT NO. 1 TO SHORT TERM CREDIT AGREEMENT
Term Credit Agreement • March 29th, 2002 • Park Place Entertainment Corp • Hotels & motels

This Amendment No.1 to Short Term Credit Agreement dated as of November 5, 2001 (this "Amendment") is entered into with reference to the Short Term Credit Agreement dated as of August 23, 2001, the "Credit Agreement"), among PARK PLACE ENTERTAINMENT CORPORATION, the Lenders, Syndication Agent and Documentation Agents referred to therein, and BANK OF AMERICA, N.A., as Administrative Agent. Capitalized terms used in this Amendment and not otherwise defined herein are used with the meanings set forth for those terms in the Credit Agreement. The Borrower and the Administrative Agent (acting with the consent of the Required Lenders pursuant to Section 9.04 of the Credit Agreement) hereby agree to amend the Credit Agreement as follows:

AMENDMENT NO. 4 TO FIVE YEAR CREDIT AGREEMENT
Year Credit Agreement • March 29th, 2002 • Park Place Entertainment Corp • Hotels & motels

This Amendment No. 4 to Five Year Credit Agreement dated as of November 5, 2001 (this "Amendment") is entered into with reference to the Five Year Credit Agreement dated as of December 31, 1998 (as amended by Amendment No. 1 dated as of August 31, 1999, Amendment No.2 dated as of August 28, 2000 and Amendment No. 3 dated August 23, 2001, the "Credit Agreement"), among PARK PLACE ENTERTAINMENT CORPORATION, the Lenders, Syndication Agent and Documentation Agents referred to therein, and BANK OF AMERICA, N.A., as Administrative Agent. Capitalized terms used in this Amendment and not otherwise defined herein are used with the meanings set forth for those terms in the Credit Agreement. The Borrower and the Administrative Agent (acting with the consent of the Required Lenders pursuant to Section 9.04 of the Credit Agreement) hereby agree to amend the Credit Agreement as follows:

CHANGE OF CONTROL AGREEMENT
Change of Control Agreement • March 29th, 2002 • Park Place Entertainment Corp • Hotels & motels • Delaware

AGREEMENT by and between Park Place Entertainment Corporation, a Delaware corporation (the "Company"), and Harry C. Hagerty III (the "Employee"), dated as of the 25th day of March, 2002.

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