Document:

First Amendment to Employment Agreement - Andrew Pascal

 Exhibit 10.28 
  
 SECOND AMENDMENT TO 
 EMPLOYMENT AGREEMENT 
  
 This SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is entered into as of December 31, 2008, by and between Wynn Las Vegas, LLC (“Employer”) and Andrew Pascal
(“Employee”). Capitalized terms that are not defined herein shall have the meanings ascribed to them in the Agreement (as defined below). 
  
 RECITALS 
  
 WHEREAS, Employer and Employee have entered into that certain Employment Agreement, dated as of August 31, 2005 as amended by that certain First
Amendment to Employment Agreement dated February 3, 2006 (collectively, the “Agreement”); and 
  
 WHEREAS, Employer is willing and Employee desires to modify certain terms and conditions to the Agreement as more fully set forth herein; 
  
 NOW, THEREFORE, in consideration of the foregoing and the respective
representations, warranties, covenants and agreements set forth in this Amendment, the parties hereto agree as follows: 
  
 1. Section 409A Provision. Notwithstanding any provision of the Agreement to the contrary, if, at the time of Employee’s termination of
employment with the Employer, he or she is a “specified employee” as defined in Section 409A of the Internal Revenue Code (the “Code”), and one or more of the payments or benefits received or to be received by Employee
pursuant to the Agreement would constitute deferred compensation subject to Section 409A, no such payment or benefit will be provided under the Agreement until the earlier of: (a) the date that is six (6) months following
Employee’s termination of employment with the Employer or (b) the Employee’s death. The provisions of this Section shall only apply to the extent required to avoid Employee’s incurrence of any penalty tax or interest under
Section 409A of the Code or any regulations or Treasury guidance promulgated thereunder. In addition, if any provision of the Agreement would cause Employee to incur any penalty tax or interest under Section 409A of the Code or any
regulations or Treasury guidance promulgated thereunder, the Employer may reform such provision to maintain the maximum extent practicable the original intent of the applicable provision without violating the provisions of Section 409A of the
Code. 
  
 2. Other Provisions of Agreement. The parties
acknowledge that the Agreement is being modified only as stated herein, and agree that nothing else in the Agreement shall be affected by this Amendment. 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the date first
written above. 
  

							
	WYNN LAS VEGAS, LLC	 	 	 	EMPLOYEE
				
	By:	 	/S/ DAVID SISK	 	 	 	/S/ ANDREW PASCAL
	 	 	 David Sisk
 Chief Financial Officer
	 	 	 	 Andrew PascalFirst Amendment to Employment Agreement - David Sisk

 Exhibit 10.30 
  
 FIRST AMENDMENT TO 
 EMPLOYMENT AGREEMENT 
  
 This FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is entered into as of the 31st day
of December, 2008, by and between Wynn Las Vegas, LLC (“Employer”) and David Sisk (“Employee”). Capitalized terms that are not defined herein shall have the meanings ascribed to them in the Agreement (as defined
below). 
  
 RECITALS 
  
 WHEREAS, Employer and Employee have entered into that certain Employment
Agreement, dated as of March 3, 2008 (the “Agreement”); and 
  
 WHEREAS, Employer is willing and Employee desires to modify certain terms and conditions to the Agreement as more fully set forth herein; 
  

 NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth in
this Amendment, the parties hereto agree as follows: 
  
 1.
Termination of Affiliate Positions. Concurrent with Employee’s resignation from Employer or upon expiration or termination of the Agreement, Employee agrees to resign, and shall be deemed to have resigned, all other positions and Board
of Director memberships that Employee may have held immediately prior to Employee’s resignation from Employer or expiration or termination of the Agreement. 
  
 2. Section 409A Provision. Notwithstanding any provision of the Agreement to the contrary, if, at the time of
Employee’s termination of employment with the Employer, he or she is a “specified employee” as defined in Section 409A of the Internal Revenue Code (the “Code”), and one or more of the payments or benefits received or
to be received by Employee pursuant to the Agreement would constitute deferred compensation subject to Section 409A, no such payment or benefit will be provided under the Agreement until the earlier of: (a) the date that is six
(6) months following Employee’s termination of employment with the Employer or (b) the Employee’s death. The provisions of this Section shall only apply to the extent required to avoid Employee’s incurrence of any penalty
tax or interest under Section 409A of the Code or any regulations or Treasury guidance promulgated thereunder. In addition, if any provision of the Agreement would cause Employee to incur any penalty tax or interest under Section 409A of
the Code or any regulations or Treasury guidance promulgated thereunder, the Employer may reform such provision to maintain the maximum extent practicable the original intent of the applicable provision without violating the provisions of
Section 409A of the Code. 
  

 1 

 2. Other Provisions of Agreement. The parties acknowledge that the Agreement is being modified
only as stated herein, and agree that nothing else in the Agreement shall be affected by this Amendment. 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the date first written above. 
  

					
	WYNN LAS VEGAS, LLC	 	 	 	EMPLOYEE
			
	/S/ ANDREW PASCAL	 	 	 	/S/ DAVID SISK
	 Andrew Pascal
 President
	 	 	 	 David Sisk

  

 2Amendment No. 1 to Rabbi Trust A

 Exhibit 10.1(l)(2) 
 AMENDMENT NO. 1 TO THE 
 TRUST AGREEMENT FOR RABBI TRUST A 
 WHEREAS, Sensient Technologies Corporation (the “Company”) is obligated in accordance with the terms of certain agreements under (the
“Contracts”) to make certain payments for the benefit of selected Company executives in the event of a change of control of the Company, and as the Company has incurred or expects to incur liability under the terms of such Contracts, the
Company established a trust in the form of this rabbi trust (commonly referred to as “Rabbi Trust A”) which is subject to the claims of the Company’s existing or future general creditors; 
 WHEREAS, the Company desires to amend Section 2(a) of Rabbi Trust A to provide that the Trustee may make a distribution from Rabbi Trust A for the
payment of taxes in compliance with Section 409A of the Internal Revenue Code of 1986 (“Section 409A”); 
 WHEREAS, the
Company desires to make certain changes to the definition of “Change of Control” under Section 13(d) of Rabbi Trust A in accordance with available guidance under Section 409A, as amended and to make the definition of “Change
of Control” under Section 13(d) of Rabbi Trust A consistent with the definition of “Change of Control” contained in the Change of Control and Severance Agreement listed on Appendix A of Rabbi Trust A, specifically to: 

 

	 	•	 	 change the ownership threshold in Section 13(d)(1) from 20% to 30%; 

  

	 	•	 	 change the measuring date for determining a change in the composition of the Board of Directors from March 1, 2002 to September 10, 1998;

  

	 	•	 	 change the ownership threshold in Section 13(d)(3) from 20% to 30%; and 

  

	 	•	 	 add new paragraphs Section 13(d)(4) and Section 13(d)(5); 

 WHEREAS, the Company desires to amend Appendix A to reflect the new effective date of the employment agreement listed on Appendix A; and 
 WHEREAS, the Company and Marshall & Ilsley Trust Company have determined to amend Rabbi Trust A effective as of October 16, 2008 and Rabbi Trust A may be amended by a written instrument signed by the
Company and Marshall & Ilsley Trust Company prior to the occurrence of a Change of Control. 
 NOW, THEREFORE, the trust agreement
for Rabbi Trust A is hereby amended as follows, effective as of October 16, 2008: 
  

	 	1.	Section 2(a) of Rabbi Trust A is hereby amended to add a new paragraph at the end of Section 2(a) to read as follows: 

 “Notwithstanding the above, subject to the terms of the Contracts, the Trustee may distribute to an Executive an amount: 
  

	 	(i)	to satisfy the Executive’s obligation to pay state, local or foreign taxes as well as an additional amount to satisfy the Executive’s obligation to pay the taxes incurred
as a result of such payment, including any federal, state or local income taxes and the Executive’s portion of any employment taxes; 

	 	(ii)	to satisfy the Executive’s portion of employment taxes (to the extent necessary to pay the Federal Insurance Contributions Act tax amount (the “FICA Amount”)) as well
as an additional amount to satisfy the Executive’s obligation to pay any federal, state, local or foreign income taxes incurred as a result of such payment; and/or 

  

	 	(iii)	if the Executive has an obligation to include amounts in income as a result of Section 409A of the Internal Revenue Code of 1986.” 

  

	 	2.	Paragraph (d) of Section 13 is hereby amended in its entirety to read as follows: 

 “(d) For purposes of this Trust, Change of Control shall mean: 
  

	 	(1)	the acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended) (a
“Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended) of 30% or more of either (A) the then outstanding shares of common stock of the Company (the
“Outstanding Company Common Stock”) or (B) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting
Securities”); provided, however, that for purposes of this subsection (1), the following acquisitions shall not constitute a Change of Control: (I) any acquisition directly from the Company, (II) any acquisition by the Company, (III) any
acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (IV) any acquisition pursuant to a transaction which complies with clauses (A), (B) and
(C) of subsection (3) of this paragraph (d); or 

  

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	 	(2)	individuals who, as of September 10, 1998, constitute the Board of Directors (the “Incumbent Board”) cease for any reason to constitute at least a majority of the
Board of Directors; provided, however, that any individual becoming a director subsequent to September 10, 1998 whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of the
directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual
or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors; or 

  

	 	(3)	consummation by the Company of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company or the acquisition of
assets of another entity (a “Business Combination”), in each case, unless, following such Business Combination, (A) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the
Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such business combination beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of common stock and the
combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation
which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such
Business Combination of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding any employee benefit plan (or related trust) of the Company or of such corporation resulting
from such Business Combination) beneficially owns, directly or indirectly, 30% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then
outstanding voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination and (C) at least a majority of the members of the board of directors of the corporation resulting from such
Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or the action of the Board, providing for such Business Combination; or 

  

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	 	(4)	Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company taxed under Section 331 of the Code or with the approval of a bankruptcy
court pursuant to Section 503(b)(1)(A) of Title II of the U.S. Bankruptcy Code. 

  

	 	(5)	Notwithstanding the foregoing, a Change of Control as defined in this Section 13(d) shall not be treated as a Change of Control for purposes of this Trust unless it constitutes
a “change in control event” within the meaning of Treasury Regulation Section 1.409A-3(i)(5) or results in a termination or liquidation of a plan within the meaning of Treasury Regulation Section 1.409A-3(j)(4)(ix)(A) or
(B) (as applicable).” 

  

	 	3.	Appendix A is hereby amended in its entirety to read as follows: 

 “Appendix A 
 (As of October 16, 2008) 
  

	 	1.	Executive Employment Contract, dated October 27, 2008, by and between Sensient Technologies Corporation and Kenneth P. Manning. 

  

	 	2.	Change of Control and Severance Agreements entered into between Sensient Technologies Corporation and certain Executives from time to time.” 

 IN WITNESS WHEREOF, this Amendment has been duly executed the 18th day of December, 2008. 
  

			
	SENSIENT TECHNOLOGIES CORPORATION
		
	By	 	 /s/ Douglas S. Pepper

		 	Douglas S. Pepper
		 	Vice President — Administration
	
	MARSHALL & ILSLEY TRUST COMPANY
		
	By	 	 /s/ Steven Grieb

		 	Steven Grieb
		 	Vice President

  

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