Subject to the terms and conditions of this Letter Agreement, your employment with the Company will be, at all times, at will. This means that you may leave your employment with the Company at any time, and the Company may, in its sole discretion, terminate your employment at any time without notice and for any reason or no reason at all. No one other than the Board has the authority to alter the at-will nature of your employment, or to make any agreement that amends or alters the terms and conditions of this Letter Agreement and any such amendment or alteration must be in writing, must reference this Letter Agreement and must be signed a member of the Board authorized to so sign.
During the Employment Period and for twelve (12) months thereafter, you shall not, directly or indirectly: (i) employ, retain, hire or seek to employ, retain, hire or obtain the services of any employee, representative or director of the Company who worked directly with or for you during the Employment Period (other than by virtue of a mass communication or advertisement that to any such individuals described in this clause (i), provided that any such communication or advertisement is not directly or indirectly prepared by you or prepared at your direction or suggestion); and (ii) be employed by, provide services to or advise any person or entity that is engaged or has applied for a license to engage in operating or supplying a gambling, sports betting, online gaming or social gaming platform in any jurisdiction in which the Company or its subsidiaries or affiliates operates such a platform or has applied for a license to operate such a platform.
Applicable Law; Legal Remedies
This Letter Agreement, the rights and obligations of the parties hereto, and all claims or disputes relating thereto, shall be governed by and construed in accordance with the laws of the State of Illinois, without regard to the choice of law provisions thereof. Any controversy or claim arising out of or related to (i) this Letter Agreement, (ii) the breach thereof, or (iii) your employment with the Company or the termination of such employment, shall be settled by arbitration in Chicago, Illinois before a single arbitrator administered by the American Arbitration Association (AAA) under its National Rules for the Resolution of Employment Disputes, amended and restated effective as of January 1, 2004, as the same may be amended, and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof.
Compliance with Gaming Laws
As required by the statutes, rules and regulations relating to gaming where the Company and its subsidiaries and affiliates operates or is regulated (collectively, the Gaming Laws), you must timely obtain and maintain all permits or licenses required under the Gaming Laws. In addition, you agree to comply with all Gaming Laws applicable to you as an employee and officer of the Company as well as to assist the Company and its subsidiaries and affiliates, as necessary, in complying with the Gaming Laws.
Notwithstanding any other provision of this offer, if you fail to comply with the Gaming Law or if you are denied a required license or permit following the end of all applicable appeal periods, or if a regulator in a jurisdiction where the Company or its subsidiaries or affiliates operates or is regulated (or has applied for a license to operate) requires that your employment be terminated or provides that your continued employment shall create a gaming problem for the Company or its subsidiaries or affiliates, your employment shall terminate immediately, without notice or action and without liability on the part of Company or its subsidiaries or affiliates.