Amendment to Employment Agreement between Las Vegas Sands Corp. and Chris J. Cahill (March 27, 2013)
Las Vegas Sands Corp. and Chris J. Cahill have agreed to amend their existing employment agreement, originally dated April 1, 2012. The amendment changes the terms of Section 6.2(b), specifying that Mr. Cahill will receive an additional amount equal to 80% of his base salary, paid in installments during a defined period, and subject to standard withholdings. All other terms of the original employment agreement remain unchanged. The amendment is governed by Nevada law and is effective as of March 27, 2013.
Exhibit 10.6
March 27, 2013
Chris J. Cahill
c/o Las Vegas Sands Corp.
3355 Las Vegas Boulevard South
Las Vegas, NV 89109
Re: Amendment to Employment Agreement
Dear Chris:
Reference is hereby made to that certain employment agreement between you and Las Vegas Sands Corp. (the Company), dated as of April 1, 2012 (as may be amended from time to time, the Employment Agreement). For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, you and the Company hereby agree as follows, effective as of the date hereof:
1. The Employment Agreement is amended by deleting the language in Section 6.2(b) thereof and replacing it with a new Section 6.2(b) to read as follows:
An additional amount equal to 80% of Executives Base Salary then in effect, payable in installments during the Applicable Period at the same time as the Salary Continuation payable under Section 6.2(a), subject to applicable withholdings.
The Company and you each acknowledges and agrees that except as amended hereby, the provisions of the Employment Agreement shall remain in full force and effect. This letter shall be construed and enforced in accordance with and governed by the laws of the State of Nevada other than principles of law that would apply the law of another jurisdiction. This letter may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
Very truly yours, | ||
LAS VEGAS SANDS CORP. | ||
By: | /s/ Ira H. Raphaelson | |
Name: | Ira H. Raphaelson | |
Title: | EVP & Global General Counsel |
Agreed and accepted this day of March 2013:
/s/ Chris J. Cahill |
CHRIS J. CAHILL |
Corporate Headquarters
3355 Las Vegas Blvd. South, Las Vegas, Nevada 89109
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