EX-10.1
from 10-Q
4 pages
As of May 26, 2004 Mr. Wallace R. Barr President and Chief Executive Officer Caesars Entertainment, Inc. 3930 Howard Hughes Parkway Las Vegas, NV 89109 Re: Employment Agreement by and Between Park Place Entertainment Corporation, a Delaware Corporation, Now Known as Caesars Entertainment, Inc. (The "Company"), and Wallace R. Barr (The "Executive"), Dated as of November 19, 2002 ("The Employment Agreement"). Dear Wally: The Compensation Committee of the Company's Board of Directors Has Authorized Certain Technical Amendment to the Employment Agreement as Set Forth in This Letter. All Capitalized Terms Have the Definitions Assigned to Them in the Employment Agreement. 1. Subsection (H), Section 3 of the Employment Agreement Is Deleted in Its Entirety and Is Replaced With the Following: (H) Stock Options and Stock Retention Units
12/34/56