Amendment to Employment Agreement between Scientific Games Corporation and Larry Potts (2014)
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Summary
This amendment updates the employment agreement between Scientific Games Corporation and Larry Potts, Vice President, Chief Compliance Officer, and Director of Corporate Security. The agreement extends Mr. Potts' employment term through December 31, 2015, with renewal terms unchanged. It also increases his annual base salary to $500,000 effective January 1, 2014. The amendment is effective upon Mr. Potts' acknowledgment and signature.
EX-10.26 4 exhibit1026employmentagree.htm EXHIBIT 10.26 Exhibit 10.26 EmploymentAgreement-L Potts2014
Exhibit 10.26
April 30, 2014
Larry Potts
Vice President, Chief Compliance Officer & Director Corporate Security
Scientific Games Corporation
750 Lexington Avenue, 25th Floor
New York, New York
Dear Larry:
With regard to your Employment Agreement dated as of January 1, 2006 (executed August 2, 2006), and as amended by a letter agreement dated October 2, 2008, an amendment to the Employment Agreement dated as of December 30, 2008, and a letter agreement dated September 28, 2011 (as so amended, the “Agreement”), we are pleased to confirm the following changes to the Agreement.
With regard to Section 2 of the Agreement, the term will be extended from December 31, 2013 to December 31, 2015. The renewal terms contained in Section 2 remain intact.
With regard to Section 4(a) of the Agreement, effective January 1, 2014, your base salary is five-hundred thousand dollars ($500,000) per annum.
If these changes are agreeable, please sign an acknowledgement copy and return to me.
Scientific Games Corporation
By: /s/ Peter A. Mani
Name: Peter A. Mani
Title: Vice President and Chief Human Resources Officer
Acknowledged this 5th day of May, 2014
/s/ Larry Potts
Larry Potts
