Relocation Compensation Letter Agreement between WMS Gaming and Kathleen McJohn
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Summary
WMS Gaming agrees to increase Kathleen McJohn's relocation allowance from $10,000 to $50,000 to help offset a potential loss on the sale of her home and to encourage her move closer to the Waukegan area. The company will reimburse her upon receiving proper documentation. If Kathleen leaves the company for any reason not initiated by the company within one year of signing, she must repay the full relocation assistance amount.
EX-10.(SS) 8 c79722exv10wxssy.txt RELOCATION COMPENSATION LETTER EXHIBIT 10(ss) [WMS GAMING LOGO] TO: Kathleen McJohn FROM: Brian R. Gamache DATE: May 12, 2003 RE: RELOCATION ASSISTANCE Kathleen: Pursuant to our conversation of May 9th, the Company has agreed to increase your relocation allowance from $10,000 to $50,000. This increase would contemplate a necessary reduction in the sale price of your home below the purchase price of $500,000. The Company feels it would be in its best interest to reduce your daily commute by accelerating your relocation to the general Waukegan area. The Company will reimburse you these funds upon receipt of proper documentation. Should you leave the employ of the Company for any reason that was not initiated by the Company for the period of one year after signing this agreement, the entire relocation assistance would be required to be repaid to the company. /s/ Brian R. Gamache /s/ Kathleen J. McJohn -------------------------------- -------------------------------- Brian R. Gamache Kathleen McJohn cc: Orrin J. Edidin Michael A. Komenda