Assignment Agreement for Executive Employment Agreement between Caesars Entertainment, Inc., Caesars Entertainment Services, and Employee
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Summary
This agreement documents the transfer of an existing Executive Employment Agreement from Caesars Entertainment, Inc. to its subsidiary, Caesars Entertainment Services (CES), as part of a payroll centralization effective January 1, 2021. As a result, CES becomes the new employer of record for the employee named in the agreement. The agreement formalizes both the assignment of the employment contract and the transfer of employment to CES.
EX-10.1 2 exhibit101-formemploymenta.htm EX-10.1 Document
Exhibit 10.1
FORM OF ASSIGNMENT AGREEMENT
WHEREAS, Caesars Entertainment, Inc. (f/k/a Eldorado Resorts, Inc. (the “Company”)) and [________] (“Employee”) are parties to that certain Executive Employment Agreement dated as of [________], (as amended from time to time, the “Employment Agreement”);
WHEREAS, effective as of January 1, 2021, the Company centralized its payroll operations by transferring such operations to its subsidiary, Caesars Entertainment Services (“CES”), with CES becoming the new employer of record for impacted employees; and
WHEREAS, in connection with the foregoing, the parties to this Assignment Agreement (this “Assignment”) wish to reflect (i) the assignment of the Employment Agreement to CES, and (ii) the transfer of Employee’s employment thereunder to CES.
NOW, THEREFORE, the parties to this Assignment hereby agree that (i) the Employment Agreement has been assigned to CES, and (ii) the Employee’s employment thereunder has been transferred to CES.
_____________________________
Caesars Entertainment, Inc.
Date:
_____________________________
Caesars Entertainment Services
Date:
_____________________________
Date:
- 1 -
02012.00000
