Amendment to Employment Letter, dated as of March 27, 2020 (effective as of April 5, 2020), by and between Scientific Games Corporation and Stephen Richardson
Contract Categories: Human Resources - Employment Agreements
EX-10.8 9 exhibit108-richardsona.htm EX-10.8 Document
Amendment to Employment Letter
This Amendment to Employment Letter (this “Amendment”) is made as of March 27, 2020 by and between Scientific Games Corporation, a Nevada corporation, (the “Company”) and Stephen Richardson (“Executive”).
WHEREAS, the Company extended a written offer of employment to Executive on February 21, 2018, which Executive accepted that same day (the “Employment Letter”);
NOW THEREFORE, in consideration of the premises and the mutual benefits to be derived herefrom and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1.Decrease in Base Salary. The Employment Letter is hereby amended by adding the following sentence to the end of the section of the Employment Letter captioned “Compensation”:
“Effective as of April 5, 2020, Executive will be paid seventy-six thousand, two hundred and seventy-three U.S. dollars ($76,273) of base salary until and through June 30, 2020, and Executive’s annual base salary of four hundred thousand U.S. dollars ($400,000) is reduced by nineteen thousand and sixty-eight U.S. dollars ($19,068), representing the portion of his annual base salary attributable to the period from April 5, 2020 through June 30, 2020.”
2. Except as set forth in this Amendment, all terms and conditions of the Employment Letter shall remain unchanged and in full force and effect in accordance with their terms. All references to the “letter” in the Employment Letter shall refer to the Employment Letter as amended by this Amendment. Any defined terms used in this Amendment and not defined herein shall have the meaning as set forth in the Employment Letter.
3. This Amendment may be executed in counterparts, each of which shall for all purposes be deemed to be an original and all of which shall constitute the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment.
IN WITNESS WHEREOF, each of the parties hereto has duly executed this Amendment as of March 27, 2020.
SCIENTIFIC GAMES CORPORATION
By: /s/ Shawn Williams
Name: Shawn Williams
Title: Senior Vice President, Chief Human Resources Officer
/s/ Stephen Richardson