Amendment to Employment Agreement between Scientific Games Corporation and DeWayne Laird (October 7, 2008)
This letter agreement amends the existing Employment Agreement between DeWayne Laird and Scientific Games Corporation. It clarifies that the terms "stock options" and "options" in certain sections of the agreement include all forms of equity awarded by the company, such as stock options and restricted stock units. All other terms of the original agreement remain unchanged. Both parties have agreed to these amendments by signing the letter.
Exhibit 10.29
October 7, 2008
DeWayne Laird
Vice President and Chief Financial Officer
Scientific Games Corporation
750 Lexington Avenue
New York, New York
Dear DeWayne:
This will confirm our understanding regarding certain amendments to the Employment Agreement, dated as of November 1, 2002, between you and Scientific Games Corporation (the Company), as amended by the Letter Agreement, dated as of August 2, 2006, by and between you and the Company (as amended hereby, the Agreement). Except as expressly set forth herein, the terms of the Agreement shall remain in full force and effect and are hereby ratified and confirmed in all respects.
Clarification of Section 7(a)(iv) and Section 7(c)(iv) of Agreement. The term stock options and options as used in Section 7(a)(iv) and Section 7(c)(iv) of the Agreement shall include all forms of equity awarded to you by the Company, including both stock options and restricted stock units (notwithstanding Section 7(a)(v) and Section 7(c)(v) of the Agreement).
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Please indicate your agreement to the foregoing by countersigning and returning an original signed copy of this letter to me.
| Very truly yours, |
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| Scientific Games Corporation | |||
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| By: |
| /s/ A. Lorne Weil | |
| Name: | A. Lorne Weil | ||
| Title: | Chairman and Chief Executive Officer | ||
Accepted and Agreed to:
By: | /s/ DeWayne Laird |
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| DeWayne Laird |
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