Notice of Non-Renewal and Continuation of Employment for Deborah Pierce by Full House Resorts, Inc.
Full House Resorts, Inc. notifies Deborah Pierce that her employment agreement, set to expire on December 7, 2014, will not be renewed or extended. However, the company invites her to continue working in her current role as an at-will employee, maintaining her existing salary and benefits, which may be adjusted at management's discretion. The letter clarifies that future employment terms are not guaranteed and may change based on performance or market conditions.
Exhibit 10.1
Ms. Deborah Pierce
3054 Palatine Terrace Drive
Henderson, Nevada 89052
August 26, 2014
Via Hand Delivery
Dear Ms. Pierce:
Pursuant to paragraph three (3), Term, of your current employment agreement (“Agreement”) with Full House Resorts, Inc. (“Company”), effective December 7, 2012, the Agreement expires on December 7, 2014. Further, pursuant to paragraph (3), Term, this letter shall serve as notice that the Company does not intend to renew or extend your Agreement.
However, we do value your service to the Company and desire that you continue in your current position as an at-will employee at the same salary and benefits currently in place. You should be aware that salary and benefits are not guaranteed and management reserves its rights to change or make adjustments based on performance, market conditions and other factors.
Please contact me with any questions or concerns you may have.
Andre Hilliou
Full House Resorts, Inc.
Chairman and Chief Executive Officer
cc: Elaine Guidroz, General Counsel
