Amendment to Severance Agreement between Harrah's Entertainment, Inc. and Gary W. Loveman

Summary

This amendment updates the severance agreement between Harrah's Entertainment, Inc. and executive Gary W. Loveman. Effective April 26, 2000, the amendment changes a term in Section 4(c)(ii) of the original agreement, increasing the referenced figure from 1.5 to 3.0. The change was approved by the company's Human Resources Committee and is intended as further consideration for Mr. Loveman to remain employed by the company.

EX-10.5 13 ex-10_5.txt EXHIBIT 10.5 Exhibit-10.5 Amendment to Severance Agreement Pursuant to the approval of the Company's Human Resources Committee and as further consideration for Executive to remain in the employ of the Company, the parties amend the Severance Agreement of Gary W. Loveman dated October 29, 1998, as follows: The reference to "1.5" in Section 4(c)(ii) of the Severance Agreement is changed to "3.0." IN WITNESS WHEREOF, the parties have executed this Amendment this 26th day of April 2000. Executive: Harrah's Entertainment, Inc. /s/ GARY W. LOVEMAN By: /s/ MARILYN G. WINN - -------------------- -------------------------- Gary W. Loveman Title: Senior Vice President, Human Resources