Document:

Amendment and Restatement of Park Place Executive Deferred Compensation Plan

 Exhibit 10.71 
 AMENDMENT AND RESTATEMENT OF THE 
 PARK PLACE ENTERTAINMENT CORPORATION 
 EXECUTIVE DEFERRED COMPENSATION PLAN 
 Effective as of August 3, 2007 

 AMENDMENT AND RESTATEMENT OF THE 
 PARK PLACE ENTERTAINMENT CORPORATION 
 EXECUTIVE DEFERRED COMPENSATION PLAN

 Table of Contents 
  

							
	 	 	 	 	 	  	Page
	ARTICLE I TITLE AND DEFINITIONS	  	2
				
		 	1.1	 	Title.	  	2
		 	1.2	 	Definitions.	  	2
		 	1.3	 	Continuation by Harrah’s Operating Company, Inc.	  	7
		
	ARTICLE II PARTICIPATION	  	7
				
		 	2.1	 	Participation.	  	7
		
	ARTICLE III DEFERRAL ELECTIONS	  	8
				
		 	3.1	 	Elections to Defer Base Compensation.	  	8
		 	3.2	 	Elections to Defer Bonus Compensation.	  	8
		 	3.3	 	Investment Elections.	  	9
		 	3.4	 	Investment Committee.	  	10
		
	ARTICLE IV ACCOUNTS	  	11
				
		 	4.1	 	Deferral Account.	  	11
		 	4.2	 	Company Contribution Account.	  	12
		
	ARTICLE V VESTING	  	13
				
		 	5.1	 	Deferral Account.	  	13
		 	5.2	 	Company Contribution Account.	  	13
		
	ARTICLE VI DISTRIBUTIONS AND WITHDRAWALS	  	14
				
		 	6.1	 	Distribution of Deferred Compensation.	  	14
		 	6.2	 	Inability to Locate Participant.	  	15
		 	6.3	 	Irrevocable Distribution Elections.	  	16
		 	6.3A	 	Distributions upon Unforeseeable Emergency.	  	16
		 	6.3B	 	Distributions subject to Section 409A of the Code.	  	16
		 	6.3C	 	Special Lump Sum Distribution.	  	17
		 	6.3D	 	Special Distribution Elections.	  	18
		 	6.4	 	Loans.	  	21
		 	6.5	 	Distributions on Disability.	  	21
		 	6.6	 	[Reserved].	  	22

 AMENDMENT AND RESTATEMENT OF THE 
 PARK PLACE ENTERTAINMENT CORPORATION 
 EXECUTIVE DEFERRED COMPENSATION PLAN

							
	 	 	 	 	 	  	Page
		 	6.7	 	Trust.	  	22
		 	6.8	 	Compliance with Section 409A of the Code.	  	22
		
	ARTICLE VII DEATH BENEFITS	  	22
				
		 	7.1	 	In General.	  	22
		 	7.2	 	Payment of Death Benefits.	  	23
		
	ARTICLE VIII CLAIMS PROCEDURE	  	23
				
		 	8.1	 	General.	  	23
		 	8.2	 	Benefit Determination.	  	23
		 	8.3	 	Appeals.	  	24
		 	8.4	 	Notice of Denials.	  	25
		
	ARTICLE IX ADMINISTRATION	  	25
				
		 	9.1	 	Powers of the EDCP Committee.	  	25
		 	9.2	 	Creation of Committee.	  	26
		 	9.3	 	Appointment of Agents.	  	26
		 	9.4	 	Majority Vote and Execution of Instruments.	  	26
		 	9.5	 	Allocation of Responsibilities.	  	26
		 	9.6	 	Conflict of Interest.	  	26
		 	9.7	 	Indemnification.	  	27
		 	9.8	 	Action Taken by Employee.	  	27
		 	9.9	 	Discretionary Authority.	  	27
		 	9.10	 	Participant Statements.	  	27
		
	ARTICLE X MISCELLANEOUS	  	27
				
		 	10.1	 	Participating Employers.	  	27
		 	10.2	 	Unsecured General Creditor.	  	28
		 	10.3	 	Restriction Against Assignment.	  	28
		 	10.4	 	Withholding.	  	29
		 	10.5	 	Amendment, Modification, Suspension or Termination.	  	29
		 	10.6	 	Governing Law.	  	29
		 	10.7	 	Receipt or Release.	  	29
		 	10.8	 	Payments on Behalf of Persons under Incapacity.	  	30
		 	10.9	 	Termination of Participation and/or Deferrals.	  	30
		 	10.10	 	Headings, etc. Not Part of Agreement.	  	30

  

 ii 

 AMENDMENT AND RESTATEMENT OF THE 
 PARK PLACE ENTERTAINMENT CORPORATION 
 EXECUTIVE DEFERRED COMPENSATION PLAN

 Effective as of August 3, 2007 
 Park Place Entertainment Corporation (the “Company”) established the Park Place Entertainment Corporation Executive Deferred Compensation Plan (the “Plan”) effective January 1,
1999 in order to provide supplemental retirement income benefits for a select group of management and highly compensated employees of the Company and affiliated employers of the Company participating under the Plan, through deferrals of salary and
through the contributions to be made by the Company and the participating employers. 
 The Plan is intended to be an unfunded arrangement
for the purposes of providing deferred compensation for a select group of management or highly compensated employees for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended. 
 The Company has previously amended and restated the Plan, effective as of January 1, 2007 and the Plan has been subsequently amended in certain
respects. 
 The deferral of Compensation under the Plan ceased for all Participants for Compensation earned for the 2006 Plan Year and
subsequent Plan Years. 
 The Human Resources Committee (the “HRC”) of the Board of Directors of Harrah’s
Entertainment, Inc. now wishes to amend the Plan to provide each Participant and each Beneficiary of a deceased Participant with an opportunity to elect to receive a special lump sum distribution from his or her Accounts under the Plan during 2008,
and an opportunity to make special distribution elections, in accordance with the transitional relief under Internal Revenue Service Notice 2005-1, Q/A-19(c), the Proposed Regulations under Section 409A of the Internal Revenue Code of 1986, as
amended (the “Code”) and Internal Revenue Service Notice 2006-79. Such amendment will constitute a material modification of the amounts deferred under the Plan that otherwise were not subject to Section 409A of the Code and
such amounts will become subject to Section 409A of the Code. 
 This Amendment and Restatement of the Plan incorporates the Plan and
the prior amendments thereto (except as further amended herein) and constitutes a complete amendment, restatement and continuation of the DCP. This Amendment and Restatement of the Plan is intended to comply with the requirements of Sections
409A(a)(2), (3) and (4) of the Code and the Treasury Regulations thereunder. As provided in Internal Revenue Notice 2006-79, with respect to an election or amendment to change a time and form of payment under the Plan made on or after
January 1, 2007 and on or before December 31, 2007, the election or amendment shall apply only to amounts that would not otherwise be payable in 2007 and shall not cause an amount to be paid in 2007 that would not otherwise be payable in
2007. The Plan, as in effect prior to this Amendment and Restatement of the Plan, shall govern distributions under the Plan prior to August 3, 2007. 

 Pursuant to approval by the HRC, the Plan is hereby amended, restated and continued, effective as of
August 3, 2007, as follows: 
 ARTICLE I 
 TITLE AND DEFINITIONS 
  

	 	1.1	Title. 

 This Plan shall be known as the Park Place
Entertainment Corporation Deferred Compensation Plan. 
  

	 	1.2	Definitions. 

 Whenever the following words and
phrases are used in this Plan, with the first letter capitalized, they shall have the meanings specified below. 
 “Account”
or “Accounts” shall mean a Participant’s Deferral Account and/or Company Contribution Account. 
 “Base
Compensation” shall mean the total salary, gratuities and commissions that are payable by the Employer to the Eligible Employee in a Plan Year. Base Compensation shall not include any bonuses that are payable to an Eligible Employee.

 “Base Compensation Company Contribution Amount” shall mean the amount described in Section 4.2(b). 
 “Beneficiary” or “Beneficiaries” shall mean the person or persons, including a trustee, personal representative or
other fiduciary, last designated in writing by a Participant in accordance with procedures established by the EDCP Committee to receive the benefits specified hereunder in the event of the Participant’s death. No Beneficiary designation shall
become effective until it is filed with the EDCP Committee. If there is no Beneficiary designation in effect, or if there is no surviving designated Beneficiary, then the Participant’s surviving spouse shall be the Beneficiary. If there is no
surviving spouse to receive any benefits payable in accordance with the preceding sentence, the participant’s estate shall be the Beneficiary. In the event any amount is payable under the Plan to a minor, payment shall not be made to the minor,
but instead be paid (1) to that person’s living parent(s) to act as custodian, (2) if that person’s parents are then divorced, and one parent is the sole custodial parent, to such custodial parent, or (3) if no parent of
that person is then living, to a custodian selected by the EDCP Committee to hold the funds for the minor under the Uniform Transfers or Gifts to Minors Act in effect in the jurisdiction in which the minor resides. If no parent is living and the
EDCP Committee decides not to select another custodian to hold the funds for the minor, then payment shall be made to the duly appointed and currently acting guardian of the estate for the minor or, if no guardian of the estate for the minor is duly
appointed and currently acting within sixty (60) days after the date the amount becomes payable, payment shall be deposited with the court having jurisdiction over the estate of the minor. 
 “Board of Directors” or “Board” shall mean the Board of Directors of the Company. 
  

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 “Bonus Compensation” shall mean any compensation designated as a bonus that is payable
by the Employer to the Eligible Employee in a Plan Year. 
 “Bonus Compensation Company Contribution Amount” shall mean the
amount described in Section 4.2(c). 
 “Change in Control” shall mean the first to occur of any of the following
events: 
 (a) 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 (the “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (i) the then
outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (ii) 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 (a), 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 by any corporation
pursuant to a transaction which complies with clauses (i), (ii) and (iii) of subsection (c); or 
 (b) Individuals
who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose
election, or nomination for election by the Company 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; or 
 (c) Consummation of a reorganization, merger or
consolidation or sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), in each case, unless, following such Business Combination, (i) 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 70% of,
respectively, the then outstanding shares of common stock and the combined voting power or 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 

  

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to such Business Combination of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (ii) no Person
(excluding any employee benefit plan (or related trust) of such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 20% 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 (iii) 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 of the action of the Board, providing
for such Business Combination; or 
 (d) Approval by the shareholders of the Company of a complete liquidation or dissolution
of the Company. 
 “Caesars Plan Account” shall mean the separate bookkeeping account maintained by the EDCP Committee for
certain Participants in accordance with Section 1 of Appendix A. 
 “Code” shall mean the Internal Revenue Code of
1986, as amended. 
 “Company” shall mean Harrah’s Entertainment, Inc., a Delaware Corporation. 
 “Company Contribution Account” shall mean the separate bookkeeping account maintained by the EDCP Committee for each Participant in
accordance with Section 4.2. 
 “Compensation” shall mean the total Base Compensation and Bonus Compensation that is
payable by the Employer to the Eligible Employee in a Plan Year. 
 “Competitor” shall mean any employer or person who is in
the same primary business or provides the same primary services as those primarily conducted or provided by the Company and all other Employers, considered as a single enterprise, as reasonably determined by the EDCP Committee. 
 “Deferral Account” shall mean the separate bookkeeping account maintained by the EDCP Committee for each Participant in accordance with
Section 4.1. 
 “Disability”, with respect to a Participant, shall mean such Participant’s disability, within the
meaning of Section 409A(a)(2)(C) of the Code and Treasury Regulation Section 1.409A-3(i)(4). 
 “EDCP Committee”
shall mean the Committee appointed to administer the Plan in accordance with Article IX. 
 “EDCP Investment Committee”
shall mean the Committee that has the responsibility for selecting and monitoring performance of the Funds. 
 “Effective
Date” shall mean January 1, 1999. 
  

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 “Eligible Employee” shall mean (i) any Employee who participated or was eligible to
participate in the Hilton Plan on December 31, 1998, (ii) any Employee who is an officer of the Employer at the Vice President level or higher, and (iii) any other officers and highly compensated Employees who are designated by the
EDCP Committee (or its delegate) in its sole discretion to participate in the Plan pursuant to Section 2.1. 
 “Employee” shall mean an employee of an Employer. 
 “Employer” or “Employers”
shall mean individually or collectively as may be stated or indicated from the context, the Company or any subsidiary or affiliate of the Company which is designated by the Board to be a participating Employer in the Plan and which adopts the Plan.

 “Fund” or “Funds” shall mean one or more of the investments selected by the EDCP Investment Committee
pursuant to Section 3.3(a). 
 “Harrah’s Plan” shall mean the Harrah’s Entertainment, Inc. Executive
Supplemental Savings Plan II, as amended. 
 “Hilton Plan” shall mean the Hilton Hotels Executive Deferred Compensation Plan
as in effect on December 31, 1998. 
 “HRC” shall mean the Human Resources Committee of the Board. 
 “Participant” shall mean any Eligible Employee who either (i) was a “Participant” in the Hilton Plan (as such term is
defined in Section 1.2 of the Hilton Plan) on December 31, 1998, (ii) was a Participant in the Plan on the Restatement Effective Date or (iii) elects to defer Compensation in accordance with Section 3.1. 
 No Eligible Employee shall become a Participant on or after July 1, 2005. 
 “Plan” shall mean the restated Park Place Entertainment Corporation Executive Deferred Compensation Plan set forth herein, as amended
from time to time. It is intended that the Plan be an unfunded arrangement for the purposes of providing deferred compensation for a select group of management or highly compensated employees for purposes of Title I of the Employee Retirement Income
Security Act of 1974, as amended. 
 “Plan Year” shall mean the 12 consecutive month period beginning on each
January 1. 
 “Restatement Effective Date” shall mean August 3, 2007. 
 “Separation from Service”, with respect to a Service Provider, shall mean such Service Provider’s “separation from
service,” as defined in Treasury Regulation Section 1.409A-1(h), with respect to the Service Recipient. 
 “Service
Provider” shall mean a Participant or any other “service provider”, as defined in Treasury Regulation Section 1.409A-1(f). 
  

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 “Service Recipient”, with respect to any Service Provider, shall mean the “service
recipient,” as defined in Treasury Regulation Section 1.409A-1(g), as determined from time to time. As provided in Treasury Regulation Section 1.409A-1(g), the “service recipient” shall mean the person for whom the Service
Provider’s services are performed and with respect to whom the legally binding right to compensation arises, and all persons with whom such person would be considered a single employer under Section 414(b) or 414(c) of the Code;
provided, however, that for purposes of the definition of “Separation from Service,” the “service recipient” shall be determined as provided in Treasury Regulation Section 1.409A-1(h)(3). 
 “Special Distribution Election Period” means the period designated by the EDCP Committee during which the elections under Sections 6.3C
and 6.3D may be made. The “Special Distribution Election Period” shall commence not earlier than August 3, 2007 and end not later than October 15, 2007. 
 “Specified Employee” shall mean a Service Provider who, as of the date of the Service Provider’s Separation from Service, is a
“Key Employee” of the Service Recipient any stock of which is publicly traded on an established securities market or otherwise. For purposes of this definition, a Service Provider is a “Key Employee” if the Service Provider meets
the requirements of Section 416(i)(1)(A)(i), (ii) or (iii) of the Code (applied in accordance with the Treasury Regulations thereunder and disregarding Section 416(i)(5) of the Code) at any time during the Testing Year. If a
Service Provider is a “Key Employee” (as defined above) as of a Specified Employee Identification Date, the Service Provider shall be treated as “Key Employee” for the entire 12 month period beginning on the Specified Employee
Effective Date. For purposes of this definition of “Specified Employee”, a Service Provider’s compensation for a Testing Year shall mean such Service Provider’s compensation, as determined under Treasury Regulation
Section 1.415(c)-2(d)(4), from the Service Recipient for such Testing Year. The “Specified Employees” shall be determined in accordance with Section 409A(a)(2)(B)(i) of the Code and Treasury Regulation Section 1.409A-1(i).

 “Specified Employee Effective Date” means the first day of the fourth month following the Specified Employee
Identification Date. The Specified Employee Effective Date may be changed by the HRC, in its discretion, in accordance with Treasury Regulation Section 1.409A-1(i)(4). 
 “Specified Employee Identification Date,” for purposes of Treasury Regulation Section 1.409A-1(i)(3), shall mean December 31.
The “Specified Employee Identification Date” shall apply to all “nonqualified deferred compensation plans” (as defined in Treasury Regulation Section 1.409A-1(a)) of the Service Recipient and all affected Service Providers.
The “Specified Employee Identification Date” may be changed by the HRC, in its discretion, in accordance with Treasury Regulation Section 1.409A-1(i)(3). 
 “Testing Year” shall mean the 12 month period ending on the Specified Employee Identification Date, as determined from time to time. 
 “Unforeseeable Emergency”, with respect to a Participant, shall mean a severe financial hardship to the Participant resulting from an
illness or accident of the Participant or the Participant’s spouse, Beneficiary or dependent (as defined in Section 152 of the Code, without 

  

 6 

 
regard to Sections 152(b)(1), (b)(2) and (d)(1)(B) of the Code) of the Participant, loss of the Participant’s property due to casualty, or other similar
extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, as determined by the EDCP Committee in accordance with Section 409A(a)(2)(B)(ii)(I) of the Code and the Treasury Regulation
Section 1.409A-3(i)(3)(i). 
 “Year of Vesting Service” shall mean as follows: 
 (a) For Plan Years commencing prior to January 1, 2000, any Plan Year in which a Participant is both (i) credited with 1,000
Hours of Service in accordance with the provisions of the tax-qualified plan maintained by the Participant’s Employer and (ii) employed by an Employer on December 31 of such Plan Year. For purposes of this provision, Hours of Service
shall be given the same meaning as in such tax-qualified plan. Any period of time during which a Participant was employed by (i) Hilton Hotels Corporation or any affiliate thereof prior to the Effective Date, (ii) Bally Entertainment Corp.
or any affiliate thereof (“Bally”) prior to Bally being merged with the Hilton Hotels Corporation or (iii) Grand Casinos, Inc. or any affiliate thereof prior to the Effective Date, shall be considered as employment with an
Employer for purposes calculating such Participant’s Years of Vesting Service under the Plan; and 
 (b) For Plan Years
commencing on or after January 1, 2000, any Plan Year during which a Participant has been employed by one or more Employers throughout such Plan Year (January 1 through December 31); provided however, that any Participant who is first
eligible to defer Compensation under the Plan after January 1 of a Plan Year shall be credited with a Year of Vesting Service for such Plan Year, if such Participant is employed by one or more Employers from the date on which he or she is first
eligible to defer Compensation through December 31 of such Plan Year. 
  

	 	1.3	Continuation by Harrah’s Operating Company, Inc. 

 Effective as of June 13, 2005, Caesars Entertainment, Inc. (formerly named Park Place Entertainment Corporation) was merged with and into Harrah’s Operating Company, Inc., a Delaware corporation and a wholly-owned subsidiary of
Harrah’s Entertainment, Inc., a Delaware corporation. The Plan was continued by Harrah’s Operating Company, Inc., as successor to Caesars Entertainment, Inc. 
 ARTICLE II 
 PARTICIPATION 
  

	 	2.1	Participation. 

 (a) [Reserved] 
 (b) Any Eligible Employee who is a Participant in the Plan on the Restatement Effective Date shall continue as a Participant subject to the terms
hereunder. 
 (c) [Reserved] 
  

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 (d) No Eligible Employee or other person shall become a Participant on or after July 1, 2005.

 ARTICLE III 
 DEFERRAL ELECTIONS 
  

	 	3.1	Elections to Defer Base Compensation. 

 (a) Each
Eligible Employee may elect to defer up to 100% of their Base Compensation by filing with the Committee an election that conforms to the requirements of this Section 3.1, on a form provided by the Committee, prior to the last business day of
the year preceding the Plan Year for which the election is to become effective (or such earlier date as the Committee may in its sole discretion determine). Persons who first become Eligible Employees on or after January 1, but before
July 1 of any Plan Year, may elect to defer Base Compensation effective July 1 of such Plan Year by filing with the Committee an election that conforms to the requirements of this Section 3.1, on a form provided by the Committee, no
later than June 1 of such Plan Year (or such earlier date as the Committee in its sole discretion may determine). Persons who were employed by Caesars World, Inc. or any affiliate thereof immediately prior to the acquisition of Caesars
World, Inc. and its affiliates by the Company, and who become Eligible Employees prior to July 1, 2000, may elect to defer Base Compensation effective as of July 1, 2000 by filing with the Committee an election that conforms to the
requirements of this Section 3.1, on a form provided by the Committee, no later than June 30, 2000 (or such earlier date as the Committee in its sole discretion may determine). Notwithstanding the foregoing, no Eligible Employee shall be
permitted to defer Base Compensation which the Committee (or its delegate) reasonably determines is required to pay the Eligible Employee's portion of payroll taxes and contributions towards benefits provided to the Eligible Employee and his or her
dependents. 
 (b) Any deferral election made under paragraph (a) of this Section 3.1 shall remain in effect and be irrevocable,
notwithstanding any change in the Participant's Base Compensation, for the entire Plan Year for which it is effective. Subject to the provisions of this Section 3.1, a Participant shall file a new election each year with the Committee
prior to the last business day of such year (or such earlier date as the Committee in its sole discretion may determine), for Base Compensation earned during the Plan Year beginning on January 1, of the immediately following year. 

(c) [Reserved] 
 (d) [Reserved]

 (e) Notwithstanding the foregoing, no Eligible Employee or Participant shall be permitted to make an election under the Plan to defer his
or her Base Compensation earned for services performed during the 2006 Plan Year or any later Plan Year. 
  

	 	3.2	Elections to Defer Bonus Compensation. 

 Each
Eligible Employee may separately elect to defer up to 100% of their Bonus Compensation by filing with the Committee an election that conforms to the requirements of this 

  

 8 

 
Section 3.2, on a form provided by the Committee, prior to the last business day of the year preceding the Plan Year in which the Bonus Compensation is
payable to the Eligible Employee (or such earlier date as the Committee may in its sole discretion determine). Notwithstanding the foregoing, no Eligible Employee shall be permitted to defer any portion of their Bonus Compensation which the
Committee (or its delegate) reasonably determines is required to pay the Eligible Employee's portion of payroll taxes and contributions towards benefits provided to the Eligible Employee and his or her dependents. Notwithstanding the first sentence
of this Section 3.2, a Participant may file a new election with the EDCP Committee, on a form provided by the EDCP Committee, not later than June 30, 2005 to: (i) reduce his or her Bonus Compensation deferral election then in effect,
thereby reducing such Participant’s Bonus Compensation deferral percentage for any Bonus Compensation earned for services performed during 2005 and otherwise payable after such new election to a lesser percentage, or (ii) suspend his or
her Bonus Compensation deferral election then in effect, thereby reducing such Participant’s Bonus Compensation deferral percentage to 0% for any Bonus Compensation earned for services performed during 2005 and otherwise payable after such new
election. If a suspension election is made, the Participant shall make no further Bonus Compensation deferrals under the Plan for Bonus Compensation earned for services performed during the 2005 Plan Year. Such election shall be valid as soon as
administratively feasible following its receipt by the EDCP Committee. A Participant’s new election may not increase his or her Bonus Compensation deferral percentage for the 2005 Plan Year. 
 Notwithstanding the foregoing, no Eligible Employee or Participant shall be permitted to make an election to defer his or her Bonus Compensation earned
for services performed during the 2006 Plan Year or any later Plan Year. 
  

	 	3.3	Investment Elections. 

 (a) At the time of making
the deferral election described in Sections 3.1 and 3.2, the Participant shall designate, in a manner prescribed by the EDCP Committee, the Funds in which the Participant’s Accounts shall be deemed to be invested for purposes of determining the
amount of earnings to be credited, and/or losses to be debited, to such Accounts under Article IV. The Funds shall consist of the investment vehicles selected by the EDCP Investment Committee from time to time in its sole discretion. 
 (b) In making the designation pursuant to this Section 3.3, the Participant may specify that all or any whole percentage of his Accounts be deemed
to be invested in one or more of the Funds. A Participant may change the designation made under this Section 3.3, in a manner prescribed by the EDCP Committee, effective as of the first day of the calendar month following the date on which such
change is made. 
 (c) Notwithstanding any other provision of this Plan that may be interpreted to the contrary, the Funds are to be used
only for purposes of determining the amount of earnings to be credited and/or losses to be debited to a Participant’s Account, and a Participant’s designation of any such Fund, the allocation to his or her Accounts thereof, the calculation
of earnings and the crediting or debiting of such earnings to a Participant’s Accounts shall not be considered or construed in any manner as an actual investment of his or her Accounts in any such Fund. In the event that the Company or any
trustee of a Trust described in Section 6.6, in 

  

 9 

 
its sole discretion, decides to invest any amounts in any or all of the Funds, no Participant shall have any rights in or to such investments themselves.
Without limiting the foregoing, a Participant’s Accounts shall at all times be a bookkeeping entry only and shall not represent any investment made on his or her behalf by the Company or any trustee. 
 (d) Notwithstanding the foregoing provisions of this Section 3.3, the EDCP Investment Committee may retain the overriding discretion regarding the
Participant’s designation of Funds under this Section 3.3. If a Participant fails to designate any Fund under this Section 3.3, the Participant shall be deemed to have designated the default Fund selected by the EDCP Investment
Committee for such purpose, in the discretion of the EDCP Committee and in accordance with its uniform policies and procedures. 
 (e) Each
Participant shall bear full responsibility for all results associated with his or her designation of Funds under this Section 3.3, and none of the Employer, the EDCP Committee nor the EDCP Investment Committee shall have any responsibility or
liability with respect to any Participant’s designation of such Funds. 
  

	 	3.4	Investment Committee. 

 (a) Membership. The
EDCP Investment Committee shall be appointed by action of the HRC. The EDCP Investment Committee members shall serve without compensation but shall be reimbursed for all expenses by the Company. The EDCP Investment Committee shall conduct itself in
accordance with the provisions of this Section. The members of the EDCP Investment Committee may resign with thirty (30) days notice in writing to the Company and may be removed immediately at any time by written notice from the HRC. The EDCP
Investment Committee may have duties with respect to other plans of the Company that are similar or identical to its duties under the Plan. 
 (b) Appointment of Agents. The EDCP Investment Committee may appoint such other agents, who need not be members of the EDCP Investment Committee, as it may deem necessary for the effective performance of its duties, whether
ministerial or discretionary, as the EDCP Investment Committee may deem expedient or appropriate. The compensation of any agents who are not employees of the Company shall be fixed by the EDCP Investment Committee within any limitations set by the
HRC. 
 (c) Majority Vote. On all matters, questions and decisions, the action of the EDCP Investment Committee shall be determined by
a majority vote of its members. They may meet informally or take any ordinary action without the necessity of meeting as a group. All instruments executed by the EDCP Investment Committee shall be executed by a majority of its members or by any
member of the EDCP Investment Committee designated to act on its behalf. 
 (d) Allocation of Responsibilities. The EDCP Investment
Committee may allocate responsibilities among its members or designate other persons to act on its behalf. Any allocation or designation, however, must be set forth in writing and must be retained in the permanent records of the EDCP Investment
Committee. 
 (e) Indemnification. The Company shall indemnify and hold harmless the members of the EDCP Investment Committee against
any and all claims, loss, damage, expense 

  

 10 

 
or liability arising from any action or failure to act with respect to this Plan on account of such member’s service on the EDCP Investment Committee,
except in the case of gross negligence or willful misconduct. 
 ARTICLE IV 
 ACCOUNTS 
  

	 	4.1	Deferral Account. 

 The EDCP Committee shall
establish and maintain a Deferral Account for each Participant under the Plan. Each Participant’s Deferral Account shall be further divided into separate subaccounts (“subaccounts”), each of which corresponds to a Fund elected
by the Participant pursuant to Section 3.3(a). A Participant’s Deferral Account shall be credited as follows: 
 (a) If a
Participant was a participant in the Hilton Plan on December 31, 1998, the subaccounts of the Participant’s Deferral Account were credited with an amount equal the value of his or her “Deferral Account” under the Hilton Plan (as
such term is defined in Section 1.2 of the Hilton Plan) as of December 31, 1998; 
 (b) As soon as practicable after the last day
of each payroll period, the subaccounts of the Participant’s Deferral Account shall be credited with an amount equal to the Base Compensation deferred by the Participant during such payroll period in accordance with the Participant’s
elections under Section 3.1(a) and Section 3.3(a); that is, the portion of the Participant’s Base Compensation that the Participant has elected to defer and be deemed invested in a certain Fund shall be credited to the subaccount
corresponding to that Fund; provided, however, that, with respect to Base Compensation deferred by the Participant for any such payroll period for such Participant commencing on or after July 1, 2005 and before January 1, 2006, an amount
equal to the Base Compensation deferred by the Participant for such payroll period in accordance with the Participant’s election under Section 3.1(a) shall be credited to such Participant’s “Deferral Contribution Account”
under the Harrah’s Plan (and shall not be credited to the Participant’s Deferral Account or the subaccounts thereunder); 
 (c) As
soon as practicable after the day on which Bonus Compensation would be payable to a Participant, the subaccounts of the Participant’s Deferral Account shall be credited with an amount equal to the portion of the Bonus Compensation deferred by
the Participant in accordance with the Participant’s elections under Section 3.2 and Section 3.3(a); that is, the portion of the Participant’s Bonus Compensation that the Participant has elected to defer and be deemed invested in
a certain Fund shall be credited to the subaccount corresponding to that Fund; provided, however, that, with respect to the Bonus Compensation earned for services performed during 2005, and otherwise payable on or after July 1, 2005, and
deferred by the Participant, an amount equal to the portion of such Bonus Compensation deferred by the Participant in accordance with the Participant’s election under Section 3.2 shall be credited to such Participant’s “Deferral
Contribution Account” under the Harrah’s Plan (and shall not be credited to the Participant’s Deferral Account or the subaccounts thereunder); and 
  

 11 

 (d) Each subaccount of a Participant’s Deferral Account shall be credited with earnings and debited
with losses on a daily basis based on the earnings and losses of the Fund or Funds selected by the Participants in accordance with Section 3.3. 
  

	 	4.2	Company Contribution Account. 

 The EDCP Committee
shall establish and maintain a Company Contribution Account for each Participant under the Plan. Each Participant’s Company Contribution Account shall be further divided into separate subaccounts corresponding to the Fund elected by the
Participant pursuant to Section 3.3(a). A Participant’s Company Contribution Account shall be credited in accordance with the following provisions: 
 (a) If a Participant was a Participant in the Hilton Plan on December 31, 1998, the subaccounts of the Participant’s Company Contribution Account were credited with an amount equal the value of his or her
“Company Contribution Account” under the Hilton Plan (as such term is defined in Section 1.2 of the Hilton Plan) as of December 31, 1998; 
 (b) As soon as practicable after the last day of each payroll period, the subaccounts of the Participant's Company Contribution Account shall be credited with an amount equal to the portion of the Base Compensation
Company Contribution Amount, if any, which the Participant elected to be deemed to be invested in a specific Fund. A Participant's Base Compensation Company Contribution Amount for any payroll period shall be equal to 50% of the Base Compensation
deferred by the Participant during such payroll period in accordance with the Participant's election under Section 3.l(a), disregarding any such deferral in excess of 10% of the Participant's Base Compensation for such payroll period; provided,
however, that, with respect to Base Compensation deferred by the Participant for any such payroll period for such Participant commencing on or after July 1, 2005 and before January 1, 2006, the Participant’s Base Compensation Company
Contribution Amount for such payroll period shall be credited to such Participant’s “Caesars Company Contribution Account” under the Harrah’s Plan (and shall not be credited to the Participant’s Company Contribution Account
or any subaccount thereunder); 
 (c) As soon as practicable after the day on which Bonus Compensation would be payable to a Participant, the
subaccounts of the Participant's Company Contribution Account shall be credited with an amount equal to the portion of the Bonus Compensation Company Contribution Amount, if any, which the Participant elected to be deemed to be invested in a
specific Fund. A Participant's Bonus Compensation Company Contribution Amount with respect to any Bonus Compensation shall be equal to 50% of portion of the Bonus Compensation deferred by the Participant in accordance with the Participant's election
under Section 3.2, disregarding any such deferral in excess of 10% of the Participant's Bonus Compensation; provided, however, that, with respect to the Bonus Compensation earned for services performed during 2005, and otherwise payable on or
after July 1, 2005, and deferred by the Participant, the Participant’s Bonus Compensation Company Contribution Amount for such Bonus Compensation shall be credited to the Participant’s “Caesars Company Contribution Account”
under the Harrah’s Plan (and shall not be credited to the Participant’s Company Contribution Account or any subaccount thereunder); 
  

 12 

 (d) Each subaccount of a Participant’s Company Contribution Account shall be credited with earnings
or debited with losses on a daily basis, based on the Fund or Funds selected by the Participant, in accordance with Section 3.3 and in a manner determined by the EDCP Committee; 
 (e) As of the date on which a Participant receives or commences to receive the payment of the amount credited to his or her Accounts, the amount of any
forfeitures that occur under Section 5.2 with respect to any such Participant’s Company Contribution Account shall be subtracted from his or her Company Contribution Account; 
 (f) [Reserved] 
 (g) [Reserved] 

(h) As provided in Sections 3.1(e) and 3.2, no Eligible Employee or Participant shall be permitted to make an election to defer his or her Base
Compensation or Bonus Compensation earned for services performed during the 2006 Plan Year or any later Plan Year and, consequently, no Base Compensation Company Contribution Amount or Bonus Compensation Contribution Amount shall be credited to a
Participant’s Company Contribution Account with respect to the 2006 Plan Year or any later Plan Year. 
 ARTICLE V 
 VESTING 
  

	 	5.1	Deferral Account. 

 A Participant’s Deferral
Account shall be 100% vested at all times. 
  

	 	5.2	Company Contribution Account. 

 (a) Amounts that are
credited to a Participant’s Company Contribution Account prior to January 1, 2000 shall become nonforfeitable in the following increments: (1) 25% upon the Participant’s completion of two Years of Vesting Service, (2) an
additional 25% (50% total) upon completion of three Years of Vesting Service, (3) an additional 25% (75% total) upon completion of four Years of Vesting Service, and (4) in its entirety after the Participant’s completion of five Years
of Vesting Service. Notwithstanding the foregoing, any amounts credited to a Participant’s Company Contribution Account that are attributable to “Company Matching Contributions” (as such term was defined in the Bally Entertainment
Corporation Management Retirement Savings Plan (the “Bally Plan”)) that were credited to such Participant under the Bally Plan prior to 1997, shall become nonforfeitable in accordance with the vesting schedule provided for under the
Bally Plan. 
 (b) Effective for Plan Years commencing on or after January 1, 2000, a Participant shall vest in the Base Compensation
Company Contribution Amount and Bonus Compensation Company Contribution Amount (collectively the “Company Contribution Amount”) that are credited to the Participant’s Company Contribution Account in a Plan Year (plus earnings
thereon), upon the completion of the applicable vesting period for such Company Contribution Amount. The vesting period for each Plan Year’s Company Contribution Amount 

  

 13 

 
shall commence with the Plan Year in which the Company Contribution Amount is credited, with the Participant vesting in (i) 33 1/3% of the applicable
Company Contribution Amount upon being credited with a Year of Vesting Service (as defined under paragraph (b) of the definition of Year of Service) for the Plan Year for which the Company Contribution Amount is credited, (ii) 33 1/3% of
the applicable Company Contribution Amount upon being credited with a Year of Vesting Service for the immediately following Plan Year and (iii) 33 1/3% of the applicable Company Contribution Amount upon being credited with a Year of Vesting
Service for the next following Plan Year. 
 (c) Notwithstanding paragraphs (a) and (b) of this Section 5.2, a
Participant’s Company Contribution Account shall become 100% vested should: (1) the Participant die while employed by the Employer, (2) the Participant become Disabled while employed by the Employer, or (3) there occurs a Change
of Control. 
 (d) If a Participant who is not 100% vested in his or her Company Contribution Account retires on or after attaining age 55
and becomes employed by a Competitor during the Six-Month Period, the portion of such Participant’s Company Contribution Account which is not vested shall immediately be forever forfeited and the Employer shall have no obligation to the
Participant (or Beneficiary) with respect to such forfeited amount. 
 (e) If a Participant who is not 100% vested in his or her Company
Contribution Account receives or commences to receive the payment of the amount credited to his or her Accounts, the portion of such Participant’s Company Contribution Account which is not vested shall immediately be forever forfeited and the
Employer shall have no obligation to the Participant (or Beneficiary) with respect to such forfeited amount. 
 (f) The EDCP Committee shall
have the sole and absolute discretion to waive, limit, or condition any forfeiture of benefits under this Section 5.2 with respect to any Participant. 
 ARTICLE VI 
 DISTRIBUTIONS AND WITHDRAWALS 
  

	 	6.1	Distribution of Deferred Compensation. 

 (a) A
Participant may elect, on the form provided by the EDCP Committee, to defer Compensation under Section 3.1 and Section 3.2, to receive one of the optional forms of payment described in Section 6.1(c). Such an election shall be
effective for all of the Participant’s Accounts. 
 (b) The amount credited to a Participant’s Deferral Account and the vested
portion of the amount credited to his or her Company Contribution Account shall be paid to the Participant in the form of payment that the Participant has timely elected (or, in the case of the Participant’s death, to the Participant’s
Beneficiary in accordance with Article VII). If no such timely election is made, the payment shall be made in the form of a cash lump sum payment within sixty (60) days following the Participant’s Separation from Service. 
  

 14 

 (c) Subject to Section 6.3, a Participant may elect one of the following optional forms of payment
provided that such optional form of payment may not be made or commence before his or her Separation from Service: 
 (1) A
lump sum payment which shall be paid within sixty (60) days after the Participant’s Separation from Service, or 
 (2) Substantially equal annual installments over five, ten, or fifteen years, to begin within sixty (60) days after the Participant’s Separation from Service; 
 provided, however, that, in case of any installment distribution payments on and after January 1,
2008, such installment distribution payments shall be made in substantially equal monthly installments over the remaining period of such installment distribution; and, provided, further, that, in the event of any such monthly installment
distributions, the amount of each monthly installment in any calendar year shall be calculated as follows. The amount of the monthly installment shall be determined before the first installment on or after January 1, 2008 is paid and on each
January 1st in all subsequent calendar years. The amount of each monthly installment for such calendar year shall be determined by dividing:
(A) the number of remaining monthly installments into (B) the Participant’s vested balance in the Participant’s Accounts, determined as of the last valuation date of the prior month. A Participant’s last installment payment
shall be adjusted as needed to reflect investment gains or losses. If the total of the vested balance in the Participant’s Accounts (and the vested balances in the Participant’s accounts in all other agreements, methods, programs or other
arrangements with respect to which deferrals of compensation are treated as having been deferred under a single nonqualified deferred compensation plan under Treasury Regulation Section 1.409A-1(c)(2)), determined as of any date that is on or
after January 1, 2008 and on or after monthly installment payments commence, is not greater than the applicable dollar amount under Section 402(g)(1)(B) of the Code, such vested balance in the Participant’s Accounts (and the vested
balances in such other agreements, methods, programs and arrangements) shall be paid to the Participant in a lump sum payment not later than sixty (60) days after such date in accordance with Treasury Regulation Section 1.409A-3(j)(4)(v).

 (d) If installment payments are paid to a Participant under this Plan, the unpaid portion of a Participant’s vested Accounts
shall continue to be credited monthly with earnings and/or losses pursuant to Article IV of the Plan until all amounts credited to his or her Accounts under the Plan have been distributed. 
 (e) [Reserved] 
  

	 	6.2	Inability to Locate Participant. 

 In the event that
the EDCP Committee is unable to locate a Participant or Beneficiary within two years following the date the Participant was to commence receiving payment, the entire amount allocated to the Participant’s Deferral Account and Company
Contribution Account shall be forfeited. If, after such forfeiture, the Participant or Beneficiary later claims such benefit, such benefit shall be reinstated without interest or earnings from the date payment was to commence under Section 6.1.

  

 15 

	 	6.3	Irrevocable Distribution Elections. 

 Except as
provided in Sections 6.3A and 6.3C, a Participant’s distribution elections as of August 3, 2007 are irrevocable and cannot be amended. 
  

	 	6.3A	Distributions upon Unforeseeable Emergency. 

 A
Participant’s distribution elections are irrevocable by the Participant and cannot be amended, except that a distribution may be made by the Company in case of a Participant’s Unforeseeable Emergency, as determined by EDCP Committee in its
sole discretion, as provided herein, on or after January 1, 2008. 
 (a) A Participant may elect to receive a distribution from his or
her Accounts (and Caesars Plan Account) upon the occurrence of an Unforeseeable Emergency. Such Participant may elect to receive a distribution upon Unforeseeable Emergency by completing and delivering an election with the EDCP Committee in
accordance with the uniform procedures promulgated by the EDCP Committee. 
 (b) The election to receive a distribution upon the occurrence
of an Unforeseeable Emergency by a Participant who is entitled to a distribution under this Article VI (or Appendix A) shall override the distribution election in effect for such Participant under this Article VI (or Appendix A) with respect to the
amount to be distributed, both as to form of payment and timing of payment. If installment payments to such Participant have begun at the time an election for a distribution upon the occurrence of an Unforeseeable Emergency is made, the election
shall apply only with respect to the unpaid balance of such Participant’s Accounts (and Caesars Plan Account). 
 (c) The amount to be
distributed to a Participant who elects a distribution upon the occurrence of an Unforeseeable Emergency shall not exceed the amounts reasonably necessary to satisfy such Unforeseeable Emergency (and shall include amounts necessary to pay federal,
state, local or foreign income taxes or penalties reasonably anticipated as a result of the distribution), after taking into account the extent to which such Unforeseeable Emergency is or may be relieved through reimbursement or compensation through
insurance or otherwise, or by liquidation of the Participant’s assets (to the extent the liquidation of such assets would not itself cause severe financial hardship), as determined by the EDCP Committee in accordance with
Section 409A(a)(2)(B)(ii)(II) of the Code and the Treasury Regulation Section 1.409A-3(i)(3)(ii). 
 (d) The amount to be
distributed to the Participant pursuant to such Participant’s election to receive a distribution upon the occurrence of Unforeseeable Emergency shall be paid in a lump sum payment within sixty (60) days following the approval of the
Participant’s distribution election by the EDCP Committee. 
  

	 	6.3B	Distributions subject to Section 409A of the Code. 

 (a) The distribution of a Participant’s Accounts (and Caesars Plan Account) shall be made in the optional form of payment specified in such Participant’s distribution election under Section 6.1, subject to this
Section 6.3 and Section 6.3A. 
  

 16 

 (b) The distribution from a Participant’s Accounts (and Caesars Plan Account) shall be made or
commence upon the earlier of: 
 (1) the Participant’s Separation from Service, or 
 (2) the Participant’s death; 
 provided,
however, that in the case of a Participant who is a Specified Employee, the distribution of such Participant’s Accounts shall be made or commence upon the date which is six months after the date of such Participant’s Separation from
Service (or, if earlier, the date of such Participant’s death) in accordance with Section 409A(a)(2)(B)(i) of the Code and the Treasury Regulation Section 1.409A-3(i)(2); and provided, further, that the distribution of a
Participant’s Caesars Plan Account shall be subject to Appendix A. 
 (c) If a Participant’s Accounts (and Caesars Plan
Account) are to be distributed in the form of annual installment payments, and such Participant is a Specified Employee as of the date of such Participant’s Separation from Service, the annual installment payment that otherwise would have been
made to such Participant prior to the date which is six months after the date of such Participant’s Separation from Service (or, if earlier, the date of such Participant’s death) and any interest accrued thereon shall be paid commencing on
such date in accordance with Section 409A(a)(2)(B)(i) of the Code and the Treasury Regulation Section 1.409A-3(i)(2). The Participant’s Accounts (and Caesars Plan Account) shall be distributed in installment payments commencing on the
date which is six months after such Participant’s Separation from Service (or, if earlier, the date of such Participant’s death), over the designated installment payment period. 
  

	 	6.3C	Special Lump Sum Distribution. 

 (a) Subject to
Section 6.8, a Participant, or a Beneficiary of a deceased Participant, may elect to receive a special lump sum distribution from such Participant’s or Beneficiary’s Accounts (and Caesars Plan Account) on June 1, 2008 (or within
thirty (30) days thereafter) in accordance with this Section 6.3C. A Participant’s or Beneficiary’s special lump sum distribution shall be made only from the Accounts (and Caesars Plan Account) in which such Participant or
Beneficiary has a fully vested interest, determined as of the last day of the Special Distribution Election Period. The special lump sum distribution shall be in the amount equal to the Participant’s or Beneficiary’s designated percentage
of the Participant’s or Beneficiary’s interest in such Accounts (and Caesars Plan Account), and such designated percentage of the Account (or Caesars Plan Account) shall be credited to a special subaccount of such Account (or Caesars Plan
Account). Such special lump sum distribution shall be made proportionately from such Participant’s or Beneficiary’s Accounts (and Caesars Plan Account) (and the subaccounts thereunder) and shall apply only to amounts that would not
otherwise be payable before January 1, 2008. 
 (b) A Participant, or a Beneficiary of a deceased Participant, shall elect to receive a
special lump sum distribution under subsection (a) by completing and delivering a Special Lump Sum Distribution Agreement in accordance with the rules and procedures adopted by the EDCP Committee for such purpose. Such Participant or
Beneficiary shall designate the 

  

 17 

 
whole percentage (up to a maximum of 100%) of such Participant’s or Beneficiary’s interest in his or her Accounts (and Caesars Plan Account) to be
distributed in such special lump sum distribution. Such Participant or Beneficiary must complete and deliver such Special Lump Sum Distribution Agreement not later than the last day of the Special Distribution Election Period, and such
Participant’s or Beneficiary’s Special Lump Sum Distribution Agreement shall become irrevocable as of the last day of the Special Distribution Election Period. Such special lump sum distribution election shall supersede such
Participant’s prior distribution election with respect to the portion of such Participant’s Accounts subject to such special lump sum distribution election, except as provided in Section 6.8. 
 (c) Special distribution elections under this Section 6.3C shall be subject to such administrative rules, procedures and restrictions as are
prescribed by the EDCP Committee in its discretion. No election may be made under this Section 6.3C after the last day of the Special Distribution Election Period. 
  

	 	6.3D	Special Distribution Elections. 

 (a) Subject to
Section 6.8, a Participant may elect in accordance with this Section 6.3D to make a special Separation from Service Election, or a special Distribution Year Election, with respect to any Deferral Period ending on or before
December 31, 2007. Such special Separation from Service Election or special Distribution Year Election shall apply to the portion of the Participant’s Accounts attributable to compensation amounts deferred during such Deferral Period.

 (1) Special Separation from Service Elections. A special Separation from Service Election under this
Section 6.3D with respect to a Deferral Period shall provide for the distribution of the subaccounts of such Participant’s Accounts for such Deferral Period upon such Participant’s Separation from Service and shall be in a form of
distribution selected by the Participant in such Participant’s Special Distribution Election Agreement. Such Participant may select distribution in the form of a lump sum payment, or monthly installment payments over a period of years. If such
Participant selects distribution in the form of monthly installment payments, such Participant shall designate the period of years (which shall be not less than one and not more than fifteen (15)) over which such monthly installment payments
shall be made; provided, however, that such installment period shall not extend beyond fifteen (15) years following such Participant’s Separation from Service. If such Participant makes a special Separation from Service
Election under this Section 6.3D and fails to select a form of distribution for purposes of distributions from the subaccounts of such Participant’s Accounts for a Deferral Period, such distributions shall be made in a lump sum payment. A
Participant may not change his or her special Separation from Service Election under this Section 6.3D with respect to a Deferral Period, or the form of distribution of the subaccounts of such Participant’s Accounts for such Deferral
Period. 
 (2) Special Distribution Year Elections. A special Distribution Year Elections under this Section 6.3D
with respect to a Deferral Period shall provide for the distribution of the subaccounts of such Participant’s Accounts for such Deferral Period upon the earlier of the first day of the Distribution Year (as selected by the Participant), 

  

 18 

 
or the Participant’s Separation from Service. Such Participant shall select the Distribution Year for purposes of distributions from the subaccounts of
such Participant’s Accounts for such Deferral Period. The Distribution Year shall be not earlier than the 2009 calendar year, and shall not be later than the 2027 calendar year. The distribution of the subaccounts of such Participant’s
Accounts for such Deferral Period shall be made in a lump sum payment. A Participant may not change such Participant’s Distribution Year Election with respect to a Deferral Period. 
 (3) Separate Elections. A Participant may make a separate special Separation of Service Election or special Distribution Year
Election with respect to each Deferral Period. 
 (4) Time of Payment. 
 (A) A Participant’s Accounts shall be distributed in accordance with the special Separation from Service Election or special
Distribution Year Election for the subaccounts of such Participant’s Accounts for each Deferral Period. 
 (B) The
distributions from the subaccounts of a Participant’s Accounts for a Deferral Period shall be made or commence upon the earliest of: 
 (I) the first day of the Distribution Year (if any) selected by such Participant (in the case of subaccounts subject to such Participant’s Distribution Year Election), or 
 (II) the Participant’s Separation from Service; or 
 (III) the Participant’s death; 
 provided, however, that, in the case of a Participant who is a Specified Employee as of the date of such Participant’s Separation from Service, the distributions of the subaccounts of such Participant’s Accounts for such
Deferral Period upon such Participant’s Separation from Service shall be made or commence on the date which is six months after the date of such Participant’s Separation from Service (or, if earlier, the date of such Participant’s
death) in accordance with Section 409A(a)(2)(B)(i) of the Code and the Treasury Regulation Section 1.409A-3(i)(2). 
 (C) If the subaccounts of a Participant’s Accounts for any Deferral Period are to be distributed in the form of monthly installment payments, and such Participant is a Specified Employee as of the date of such Participant’s
Separation from Service, the monthly installment payments that otherwise would be made to such Participant prior to the date which is six months after the date of such Participant’s Separation from Service (or, if earlier, the date of such
Participant’s death) shall be accumulated in the subaccounts of such Participant’s Accounts for such Deferral Period and paid commencing on such date in accordance with Section 409A(a)(2)(B)(i) of the Code and Treasury Regulation

  

 19 

 
Section 1.409A-3(i)(2), as adjusted to reflect the rate of return on the hypothetical Investment Funds selected by the Participant in accordance with
Section 6.4. The subaccounts of such Participant’s Accounts for such Deferral Period shall be distributed in installment payments, commencing on the date which is six months after the date of such Participant’s Separation from Service
(or, if earlier, the date of such Participant’s death), over the installment payment period designated under the Separation from Service Election for the subaccounts of such Participant’s Accounts for the Deferral Period. 
 (5) Form of Payments. 
 (A) Separation from Service Election Payments. In the event a Participant made a special Separation from Service Election with respect to a Deferral Period, the distribution from the subaccounts in such
Participant’s Accounts for such Deferral Period shall be made in a lump sum payment, or in monthly installment payments, in accordance with Section 6.3D(a)(1). 
 (B) Distribution Year Election Payment. In the event a Participant made a special Distribution Year Election with respect to a
Deferral Period, the distribution from the subaccounts in such Participant’s Accounts for such Deferral Period shall be made to such Participant in a lump sum payment. Such lump sum payment shall be made not later than sixty (60) days
after the date determined under Section 6.3D(a)(4). 
 (6) Definition of Deferral Period and Distribution Year.
For purposes of this Section 6.3D, 
 (A) “Deferral Period” means a calendar year, and 
 (B) “Distribution Year” means the calendar year selected by a Participant for purposes of distributions from the subaccounts of
such Participant’s Accounts for a Deferral Period. 
 (7) Installment Payments. 
 (A) In the event a Participant makes a special Separation from Service Election,
and elects distribution in the form of installment payments, the amount of each monthly installment in any calendar year for the distribution of the subaccounts in a Participant’s Accounts for a Deferral Period shall be calculated as follows.
The amount of the monthly installment shall be determined before the first installment is paid and on each January 1st in all subsequent calendar
years. The amount of each monthly installment for such calendar year shall be determined by dividing: (A) the number of remaining monthly installments into (B) the Participant’s vested balance in the subaccounts in the
Participant’s Accounts for such Deferral Period, determined as of the last Valuation Date of the prior month. A Participant’s last installment payment shall be adjusted as needed to reflect investment gains or losses. If the total of the
vested balance in the Participant’s Accounts (and the vested balances in the 

  

 20 

 
Participant’s accounts in all other agreements, methods, programs or other arrangements with respect to which deferrals of compensation are treated as
having been deferred under a single nonqualified deferred compensation plan under Treasury Regulation Section 1.409A-1(c)(2)), determined as of any date that is on or after January 1, 2008 and on or after monthly installment payments
commence, is not greater than the applicable dollar amount under Section 402(g)(1)(B) of the Code, such vested balance in the Participant’s Accounts (and the vested balances in such other agreements, methods, programs and arrangements)
shall be paid to the Participant in a lump sum payment not later than sixty (60) days after such date in accordance with Treasury Regulation Section 1.409A-3(j)(4)(v). 
 (B) If installment payments are made, the provisions of Section 3.3 shall continue to apply to the unpaid interest in the relevant
subaccounts. 
 (b) If a Participant elects to make a special Separation from Service Election, or a special Distribution Year Election with
respect to a Deferral Period, under this Section 6.3D, such special Separation from Service Election or special Distribution Year Election shall apply to the subaccounts of such Participant’s Accounts (and Caesars Plan Account) for such
Deferral Period and shall apply only to amounts that would not otherwise be payable before January 1, 2008 or payable in accordance with a special lump sum distribution election under Section 6.3C. 
 (c) A Participant shall make a special Separation from Service Election or a special Distribution Year Election under subsection (a) by completing
and delivering a Special Distribution Election Agreement in accordance with rules and procedures adopted by the EDCP Committee for such purpose. Such Participant must complete and deliver such Special Distribution Election Agreement not later than
the last day of the Special Distribution Election Period, and such Participant’s Special Distribution Election Agreement shall become irrevocable as of the last day of the Special Distribution Election Period. Such special Separation from
Service Election, or special Distribution Year Election, shall supercede such Participant’s prior distribution election with respect to the portion of such Participant’s Accounts subject to such special Separation from Service Election or
special Distribution Year Election, except as provided in Section 6.8. 
 (d) Special Separation from Service Elections and special
Distribution Year Elections under this Section 6.3D shall be subject to such administrative rules, procedures and restrictions as are prescribed by the EDCP Committee in its discretion. No election may be made under this Section 6.3D after
the last day of the Special Distribution Election Period. 
  

	 	6.4	Loans. 

 There shall be no loans permitted under the
Plan. 
  

	 	6.5	Distributions on Disability. 

 If a Participant has
a Separation from Service by reason of Disability, such Participant’s vested Account shall be distributed pursuant to Section 6.1(b). 
  

 21 

	 	6.6	[Reserved]. 

  

	 	6.7	Trust. 

 (a) The Company may make contributions to a
trust (hereinafter referred to as the “Trust”) in such amounts as are determined by the EDCP Committee to be necessary to provide for the payment to the Participants of the benefits which are the responsibility of the Company and other
Employers under this Plan. The Trust is intended to be a grantor trust within the meaning of subpart E, part I, subchapter J, chapter 1, subtitle A of the Code, and shall be construed accordingly. 
 (b) A Participant shall have no preferred claim on, or any beneficial interest in, any assets of the Trust. Any assets held by the Trust shall be subject
to (i) the claims of general creditors of the Company and (ii) the claims of general creditors of each Employer other than the Company (but only to the extent of the assets of the Trust and earnings thereon attributable to the Participants
employed by such Employer), under Federal and state law in the event of the “insolvency” of the Company or other Employer, i.e., the Company or other Employer is unable to pay its debts as they become due or is subject to a pending
proceeding as a debtor under the United States Bankruptcy Code. 
  

	 	6.8	Compliance with Section 409A of the Code. 

 (a)
The Plan shall be interpreted, construed and administered in a manner that satisfies the requirements of Sections 409A(a)(2), (3) and (4) of the Code and the Treasury Regulations thereunder (subject to the transitional relief under
Internal Revenue Service Notice 2005-1, the Proposed Regulations under Section 409A of the Code and other applicable authority issued by the Internal Revenue Service). 
 (b) As provided in Internal Revenue Notice 2006-79, notwithstanding any other provision of the Plan, with respect to an election under Section 6.3C
or 6.3D, or an election or amendment to change a time and form of payment under the Plan made on or after January 1, 2007 and on or before December 31, 2007, the election or amendment shall apply only to amounts that would not otherwise be
payable in 2007 and shall not cause an amount to be paid in 2007 that would not otherwise be payable in 2007. 
 ARTICLE VII

 DEATH BENEFITS 
  

	 	7.1	In General. 

 Upon the death of a Participant before
the amount credited to his or her Accounts has been paid in full (either in a lump sum or installment payments), his or her Beneficiary shall receive the balance of the Participant’s vested Account as of the date of death in accordance with
Section 7.2. 
  

 22 

	 	7.2	Payment of Death Benefits. 

 The death benefit
payable pursuant to Section 7.1 shall be paid to the Participant’s Beneficiary in a lump sum payment within ninety (90) days of the Participant’s death. 
 ARTICLE VIII 
 CLAIMS PROCEDURE 
  

	 	8.1	General. 

 (a) A Participant or Beneficiary who
believes that he or she has not received the benefits to which he or she is entitled may assert a claim for benefits under the Plan in accordance with the claims procedure of this Article VIII. The claims procedure of this Article Ten shall be
applied in accordance with Section 503 of Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and Department of Labor Regulation Section 2560.503-1. A Participant or Beneficiary may assert a benefit
claim, or appeal the denial of a benefits claim, through such Participant’s or Beneficiary’s authorized representative, provided that such Participant or Beneficiary has submitted a written notice evidencing the authority of such
representative to the EDCP Committee. A Participant or Beneficiary asserting a benefits claim shall be referred to as a “Claimant” under this Article VIII. 
 (b) A Claimant shall submit his or her benefits claim under the Plan in writing to the EDCP Committee. The Claimant may include documents, records or
other information relating to the benefits claim for review by the EDCP Committee in connection with such benefits claim. 
  

	 	8.2	Benefit Determination. 

 (a) The EDCP Committee
shall review the Claimant’s benefits claim (including any documents, records or other information submitted with such benefits claim) and determine whether such benefits claim shall be approved or denied in accordance with the Plan. 

(b) In the event that a Claimant’s benefits claim is wholly or partially denied, the EDCP Committee shall provide to the Claimant with written
notice of the denial within a reasonable period of time, but not later than ninety (90) days after the receipt of the benefits claim by the EDCP Committee, unless the EDCP Committee determines that special circumstances require an extension of
time for making a determination with respect to the benefits claim. If the EDCP Committee determines that an extension of time for making a determination with respect to the benefits claim is required, the EDCP Committee shall provide the Claimant
with written notice of such extension prior to the end of the initial ninety (90) day period. The extension of time shall not exceed a period of ninety (90) days from the end of such initial period. The extension notice shall indicate the
special circumstances requiring the extension of time and the date by which the EDCP Committee expects to render the benefit determination. 
 (c) The notice of denial of the Claimant’s benefits claim shall set forth: 
 (i) the specific reason or reasons
for the denial; 
  

 23 

 (ii) references to specific Plan provisions on which the denial is based; 
 (iii) a description of any additional material or information necessary for the Claimant to perfect the claim and an explanation of why
the material or information is necessary; and 
 (iv) a description of the Plan’s appeal procedures and the time limits
applicable to such procedures, including a statement of the Claimant’s right to bring a civil action under Section 502(a) of ERISA following a denial of the appeal of the denial of the benefits claim. 
 (d) The Claimant may appeal any denial of the benefits claim in writing to the EDCP Committee within sixty (60) days after receipt of the EDCP
Committee’s notice of denial of benefits claim. The Claimant’s failure to appeal the denial of the benefits claim by the EDCP Committee in writing within the sixty (60) day period shall render the EDCP Committee’s determination
final, binding, and conclusive. 
  

	 	8.3	Appeals. 

 (a) A Claimant may appeal the denial of a
benefits claim to the EDCP Committee. The EDCP Committee shall review the appeal of the denial of the benefits claim and make a final determination as to whether the benefits claim should be approved or denied in accordance with the Plan.

 (b) The Claimant shall be afforded the opportunity to submit written comments, documents, records, and other information relating to the
benefits claim, and the Claimant shall be provided, upon request and free of charge, reasonable access to all documents, records, and other information relevant to the Claimant’s benefits claim. A document, record or other information shall be
considered “relevant” to the benefits claim, as provided in Department of Labor Regulation Section 2560.503-1(m)(8). The review on appeal by the EDCP Committee shall take into account all comments, documents, records, and other
information submitted by the Claimant, without regard to whether such information was submitted or considered in the EDCP Committee’s initial determination with respect to the benefits claim. The EDCP Committee shall advise the Claimant in
writing of the EDCP Committee’s determination of the appeal within sixty (60) days of the claimant’s written request for review, unless special circumstances (such as a hearing) would make the rendering of a determination within the
sixty (60) day period infeasible, but in no event shall the EDCP Committee render a determination regarding the denial of a claim for benefits later than one hundred twenty (120) days after its receipt of a request for review. If an
extension of time for review is required because of special circumstances, written notice of the extension shall be furnished to the Claimant prior to the date the extension period commences. 
 (c) The notice of denial of the Claimant’s appeal of the denial of the Claimant’s benefit claim shall set forth: 
 (i) the specific reason or reasons for the denial of the appeal; 
  

 24 

 (ii) reference to the specific Plan provisions on which the denial of the appeal is
based; 
 (iii) a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to,
and copies of, all documents, records and other information relevant to the Claimant’s benefits claim (and a document, record or other information shall be considered “relevant” to the benefits claim, as provided in Department of
Labor Regulation Section 2560.503-1(m)(8)); and 
 (iv) a statement describing Claimant’s right to bring an action
under ERISA Section 502(a). 
 (d) If, upon appeal, the EDCP Committee shall grant the relief requested by the Claimant, then, in
addition, the EDCP Committee shall award to the Claimant reasonable fees and expenses of counsel, or any other duly authorized representative of Claimant, which shall be paid by the Company. The determination as to whether such fees and expenses are
reasonable shall be made by the Company in its sole and absolute discretion and such determination shall be binding and conclusive on all parties. 
 8.4 Notice of Denials. The EDCP Committee’s notice of denial of a benefits claim shall identify the address to which the Claimant may forward his appeal. 
 ARTICLE IX 
 ADMINISTRATION 
 9.1 Powers of the EDCP Committee. 
 (a) Plan Administrator. The EDCP Committee shall be the administrator of the Plan and shall be responsible for the administration of the Plan. 
 (b) General Powers of the EDCP Committee. The EDCP Committee shall have the power and discretion to perform the administrative duties described in this Plan or required for proper administration of the Plan and
shall have all powers necessary to enable it to properly carry out such duties. Without limiting the generality of the foregoing, the EDCP Committee shall have the power and discretion to construe and interpret this Plan, to hear and resolve claims
relating to this Plan, and to decide all questions and disputes arising under this Plan. The EDCP Committee shall determine, in its discretion, the service credited to the Participants, the status and rights of a Participant, and the identity of the
Beneficiary or Beneficiaries entitled to receive any benefits payable hereunder on account of the death of a Participant. The decision or action of the EDCP Committee in respect of any question arising under or in connection with the Plan and the
rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having an interest in the Plan. 
 (c)
Distributions. Except as is otherwise provided hereunder, the EDCP Committee shall determine the manner and time of payment of benefits under this Plan. All benefit disbursements by the Trustee shall be made upon the instructions of the EDCP
Committee. 
  

 25 

 (d) Decisions Conclusive. The decision of the EDCP Committee upon all matters within the scope of
its authority shall be binding and conclusive upon all persons. 
 (e) Reporting. The EDCP Committee shall file all reports and forms
lawfully required to be filed by the EDCP Committee and shall distribute any forms, reports or statements to be distributed to Participants and others. 
 (f) Trust Fund. The EDCP Committee shall keep itself advised with respect to the funded status and investment of the Trust Fund. 
  

	 	9.2	Creation of Committee.  

 The EDCP Committee
shall be appointed by the Chief Executive Officer of the Company. The EDCP Committee must consist of at least three members. The EDCP Committee members shall serve without compensation but shall be reimbursed for all expenses by the Company. The
EDCP Committee shall conduct itself in accordance with the provisions of this Article IX. The members of the EDCP Committee may resign with thirty (30) days notice in writing to the Company and may be removed immediately at any time by written
notice from the Company. The EDCP Committee may have duties with respect to other plans of the Company that are or identical to its duties under the Plan. 
  

	 	9.3	Appointment of Agents.  

 The EDCP Committee
may appoint such other agents, who need not be members of the EDCP Committee, as it may deem necessary for the effective performance of its duties, whether ministerial or discretionary, as the EDCP Committee may deem expedient or appropriate. The
compensation of any agents who are not employees of the Company shall be fixed by the EDCP Committee within any limitations set by the HRC. 
  

	 	9.4	Majority Vote and Execution of Instruments.  

 In all matters, questions and decisions, the action of the EDCP Committee shall be determined by a majority vote of its members. They may meet informally or take any ordinary action without the necessity of meeting as a group. All
instruments executed by the EDCP Committee shall be executed by a majority of its members or by any member of the EDCP Committee designated to act on its behalf. 
  

	 	9.5	Allocation of Responsibilities. 

 The
EDCP Committee may allocate responsibilities among its members or designate other persons to act on its behalf. Any allocation or designation, however, must be set forth in writing and must be retained in the permanent records of the EDCP Committee.

  

	 	9.6	Conflict of Interest.  

 No member of the
EDCP Committee who is a Participant shall take any part in any action in connection with his participation as an individual. Such action shall be voted or decided by the remaining members of the EDCP Committee. 
  

 26 

	 	9.7	Indemnification. 

 The Company shall indemnify and
hold harmless the members of the EDCP Committee against any and all claims, loss, damage, expense or liability arising from any action or failure to act with respect to this Plan on account of such member’s service on the EDCP Committee, except
in the case of gross negligence or willful misconduct. 
  

	 	9.8	Action Taken by Employee.  

 Any action to be
taken by an Employer shall be taken by resolution adopted by its board of directors or appropriate board committee; provided, however, that by resolution, the board of directors or appropriate board committee may delegate to any committee of the
board or any officer of the Employer the authority to take any actions under this Plan, other than the power to determine the basis of Employer contributions. 
  

	 	9.9	Discretionary Authority.  

 All delegations
of responsibility set forth in this document regarding the determination of benefits and the interpretation of the terms of the Plan confer discretionary authority upon the person delegated such responsibility. 
  

	 	9.10	Participant Statements.  

 The EDCP Committee
shall provide a statement of Plan Accounts to each Participant and Beneficiary on a quarterly or more frequent basis, as determined by the EDCP Committee in its discretion. Such statement of Plan Accounts shall reflect the amounts allocated to each
Account maintained for the Participant, the Participant’s vested interest in his Accounts, any distributions, withdrawals or expenses charged against the Participant’s Account, the hypothetical investment earnings and losses on the
Participant’s Account, and any other information deemed appropriate by the EDCP Committee. 
 ARTICLE X 
 MISCELLANEOUS 
  

	 	10.1	Participating Employers. 

 (a) The Board shall
designate each Employer which shall become a participating Employer under the Plan. 
 (b) As a condition to participating in the Plan, each
participating Employer shall be deemed to have authorized the EDCP Committee to act for it in all matters arising under or with respect to the Plan and shall comply with such other terms and conditions as may be imposed by the EDCP Committee.

 (c) Each participating Employer hereby irrevocably grants the Company full and exclusive power to exercise, enforce or waive any right
which such Employer might otherwise have under the terms of the Plan, and each participating Employer irrevocably appoints the Company as its agent for such purpose. 
  

 27 

 (d) Each Employer shall be responsible for the benefits under this Plan with respect to each Participant
employed by such Employer. 
 (e) Notwithstanding paragraph (d) of this Section 10.1, the Company may assume the obligations of any
Employer to provide benefits to Participants under the Plan. 
 (f) Each participating Employer may cease to participate in the Plan with
respect to its employees by resolution of its governing body, if authorized to do so by the Company. 
  

	 	10.2	Unsecured General Creditor. 

 (a) Participants and
their Beneficiaries, heirs, successors, and assigns shall have no legal or equitable rights, claims, or interest in any specific property or assets of any such Participant’s Employer or the Company. Any rights created under this Plan with
respect to a Participant shall be mere unsecured contractual rights of the Participant against the Employer (or the Employers if a Participant has been employed by more than one Employer) responsible for the Participant’s benefits or the
Company. 
 (b) In the event that the trustee under the Trust (or any Employer) purchases (i) an insurance policy or policies insuring
the lives of Participants or (ii) any other property to allow any Employer to recover the costs of any payments required to be made by them under this Plan, no Participant nor any of his or her designated Beneficiaries shall have or acquire any
right whatsoever therein or in the proceeds therefrom. The trustee under the Trust (or, if applicable the Employer) shall be the sole owner of any such policy or policies, and, as such, shall possess and may exercise all incidents of ownership.

  

	 	10.3	Restriction Against Assignment. 

 (a) Except as may
otherwise be required under applicable law, the Company or the Employer shall pay all amounts payable hereunder only to the person or persons designated by the Plan and not to any other person or corporation. Except as may otherwise be required
under applicable law, no part of a Participant’s Accounts shall be liable for the debts, contracts, or engagements of any Participant, his or her Beneficiary, or successors in interest, nor shall a Participant’s Accounts be subject to
execution by levy, attachment, or garnishment or by any other legal or equitable proceeding, nor shall any such person have any right to alienate, anticipate, commute, pledge, encumber, or assign any benefits or payments hereunder in any manner
whatsoever. If any Participant, Beneficiary or successor in interest is adjudicated bankrupt or purports to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge any distribution or payment from the Plan, voluntarily or
involuntarily, the EDCP Committee, in its discretion, may cancel such distribution or payment (or any part thereof) to or for the benefit of such Participant, Beneficiary or successor in interest in such manner as the EDCP Committee shall direct.

 (b) If the EDCP Committee determines that a domestic relations order (within the meaning of Section 414(p)(1)(B) of the Code)
requires that all or a portion of a Participant’s vested Accounts be paid to an individual other than the Participant, the Company or the Employer shall pay all or a portion of such vested Accounts to such individual in accordance 

  

 28 

 
with such order. Any such amount shall be paid in a lump sum payment and shall generally be paid within 30 days of the Participant’s Separation from
Service (including any Separation from Service on account of death or Disability) or, if later, within thirty (30) days after the EDCP Committee receives the domestic relations order. 
  

	 	10.4	Withholding. 

 There shall be deducted from each
payment made under the Plan or any other compensation payable to the Participant (or Beneficiary) all taxes which are required to be withheld by the Employer in respect to such payment or this Plan. The Employer shall have the right to reduce any
payment (or compensation) by the amount of cash sufficient to provide the amount of said taxes. 
  

	 	10.5	Amendment, Modification, Suspension or Termination. 

 (a) The Company may amend, modify, suspend or terminate the Plan in whole or in part (including, without limitation, to comply with Sections 409A(a)(2), (3) and (4) of the Code and the Treasury Regulations and applicable guidance
thereunder), except that (i) no amendment, modification, suspension or termination shall have any retroactive effect to reduce any amounts allocated to a Participant’s Accounts, and (ii) Section 8.1 may not be amended with
respect to any Participant or Beneficiary following the date the Participant or Beneficiary makes a claim for benefits under the Plan. 
 (b)
Additionally, the EDCP Committee may amend, modify or suspend the Plan in whole or in part, provided that such amendment, modification or suspension does not have a material adverse financial effect on the Company or the Plan and except that
(i) no amendment, modification or suspension shall have any retroactive effect to reduce any amounts allocated to a Participant’s Accounts, and (ii) Section 8.1 may not be amended with respect to any Participant or Beneficiary
following the date the Participant or Beneficiary makes a claim for benefits under the Plan. 
  

	 	10.6	Governing Law. 

 This Plan shall be construed,
governed and administered in accordance with the Employee Retirement Income Security Act of 1974, as amended. 
  

	 	10.7	Receipt or Release. 

 Any payment to a Participant
or the Participant’s Beneficiary in accordance with the provisions of the Plan shall, to the extent thereof, be in full satisfaction of all claims against the EDCP Committee, the Employer and the trustee of any grantor trust that holds assets
for purposes of making benefit payments under the Plan. The EDCP Committee may require such Participant or Beneficiary, as a condition precedent to such payment, to execute a receipt and release to such effect. 
  

 29 

	 	10.8	Payments on Behalf of Persons under Incapacity. 

 In
the event that any amount becomes payable under the Plan to a person who, in the sole judgment of the EDCP Committee, is considered by reason of physical or mental condition to be unable to give a valid receipt therefore, the EDCP Committee may
direct that such payment be made to any person found by the EDCP Committee, in its sole judgment, to have assumed the care of such person. Any payment made pursuant to such determination shall constitute a full release and discharge of the EDCP
Committee and the Company. 
  

	 	10.9	Termination of Participation and/or Deferrals. 

 If
the EDCP Committee determines in its sole discretion that a Participant no longer qualifies as a member of a select group of management or highly compensated employees, for purposes of the Employee Retirement Income Security Act of 1974, the EDCP
Committee shall have the right, in its sole discretion to (i) terminate any deferral election the Participant has made for the remainder of the Plan Year in which the Participant’s membership status changes, (ii) prevent the
Participant from making future deferral elections, and/or (iii) immediately distribute in the form of a lump sum cash payment, the vested portion of the amount credited to the Participant’s Accounts and terminate the Participant’s
participation in the Plan (with the unvested portion being forfeited or, at the discretion of the EDCP Committee, treated as vested). 
  

	 	10.10	 Headings, etc. Not Part of Agreement. 

 Headings and subheadings in this Plan are inserted for convenience of reference only and are not to be considered in the construction of the provisions hereof. 
 Executed at Las Vegas, Nevada as of August 3, 2007. 
  

			
	HARRAH’S ENTERTAINMENT, INC.
		
	By:	 	 /S/ Mary Thomas

	Name:	 	Mary Thomas
	Title:	 	Senior Vice President, Human Resources

  

 30 

 Appendix A 
 SPECIAL RULES FOR CERTAIN INDIVIDUALS 
 WHO WERE PARTICIPANTS IN THE 
 CAESARS WORLD INC. EXECUTIVE SECURITY PLAN 
 Effective July 1, 2001 (the “Transfer Date”), the assets held by the Trust shall include assets that were previously held by a trust under the Caesars World Inc. Executive Security Plan (the “Caesars
Plan”) for purposes of paying benefits to participants under the Caesars Plan (“Caesars Participants”) who are (i) Caesars Participants who are employed by an Employer; (ii) Caesars Participants who are receiving
monthly benefits under the Caesars Plan on the Transfer Date; or (iii) terminated Caesars Participants who are vested in their accrued benefit under the Caesars Plan, but are not entitled to receive payment of their benefits under the Caesars
Plan on the Transfer Date, because two years have not elapsed since their termination of employment. 
 For purposes of this Appendix A, any
term used herein (or incorporated by reference herein) that is not separately defined in this Appendix shall have the meaning set forth elsewhere in the Plan. 
 The following special rules shall apply to Caesars Participants: 
  

	1.	Caesars Plan Participants who are Employed by an Employer. 

 (a) The EDCP Committee shall establish and maintain a “Caesars Plan Account” for each Caesars Participant who is an Employee of an Employer on the Transfer Date; and each such Caesars Participant for whom a Caesars Plan
Account is established shall become a Participant under the Plan on the Transfer Date if not already a Participant pursuant to Section 2.1 herein. Each such Participant’s Caesars Plan Account shall be further divided into separate
subaccounts corresponding to the Fund elected by the Participant pursuant to paragraph (b). The subaccounts of the Participant’s Caesars Plan Account shall collectively be credited as of the Transfer Date with an amount equal to the present
value of the Participant’s accrued benefit under the Caesars Plan as of the date on which such Participant’s benefit under the Caesars Plan was frozen, as determined by the Administrative Committee under the Caesars Plan in accordance with
the applicable provisions of the Caesars Plan (such amount being hereinafter referred to as a Participant’s “Caesars Plan Benefit”). In the event that a Terminated Caesars Participant (as defined in Section 3(a) of this Appendix)
becomes employed by an Employer prior to receiving payment of his Caesars Plan Benefit under Section 3 herein, the EDCP Committee shall establish and maintain a Caesars Plan Account for such Participant and the subaccounts of such
Participant’s Caesars Plan Account shall be credited on the date on which the Terminated Caesars Participant becomes employed by an Employer, with an amount equal to the Participant’s Caesars Plan Benefit. Each subaccount of a
Participant’s Caesars Plan Account shall be credited with earnings and debited with losses at the time and in a manner determined by the EDCP Committee. 
 (b) Prior to the Transfer Date, the Participant shall designate, in a manner prescribed by the EDCP Committee, the Funds in which the Participant’s Caesars Plan Account shall be 

 
deemed to be invested for purposes of determining the amount of earnings to be credited, and/or losses to be debited to the Caesars Plan Account under
paragraph (a). The provisions of Sections 3.3(b), (c), (d) and (e) shall apply to the designation of Funds by the Participant pursuant to this paragraph. 
 (c) (i) The amount that is credited to a Participant’s Caesars Plan Account shall be or become nonforfeitable if the Participant has completed or completes five years of Continuous Employment. For purposes
of this paragraph, Continuous Employment shall mean a Participant’s continuing years and full months of service as an Employee, commencing with the date on which the employee became a participant in the Caesars Plan, which shall include service
with Caesars World Inc. and its affiliates prior to the acquisition of Caesars World Inc. by the Company. In determining the number of years of Continuous Employment completed by a Participant, each full month of Continuous Employment shall be
counted as one-twelfth of a year of Continuous Employment. 
 (ii) If a Participant who has Accounts under the Plan and is not
vested in his or her Caesars Plan Account, receives or commences to receive the payment of the amount credited to his or her Accounts, such Participant’s Caesars Plan Account shall immediately be forever forfeited and neither the Company nor
the Participant’s Employer shall have any obligation to the Participant (or the Participant’s Beneficiary) with respect to such forfeited amount. 
 (iii) If a Participant who does not have Accounts under the Plan and is not vested in his or her Caesars Plan Account has a Separation from Service, such Participant’s Caesars Plan Account shall immediately be
forever forfeited and neither the Company nor the Participant’s Employer shall have any obligation to the Participant (or the Participant’s Beneficiary) with respect to such forfeited amount. 
 (iv) Notwithstanding subparagraph (i) of this paragraph, a Participant’s Caesars Plan Account shall become fully vested if the
Participant becomes Disabled while employed by the Employer. 
 (v) Notwithstanding any provisions contained herein, a
Participant’s Caesars Plan Account shall be immediately forfeited and no benefits attributable to the Participant’s Caesars Plan Account shall be payable (or if payments attributable to the Participant’s Caesars Plan Account have
commenced, no further benefits shall be paid) if: 
 (x) the Participant has a Separation from Service by reason of
termination by the Employer for a material act of dishonesty, disclosure of confidential information, gross carelessness, significant neglect of duty, breach of fiduciary duty to the Employer or Company, misappropriation of assets, commission of an
illegal act or any action that has a direct, substantial, and adverse affect on the reputation or business of the Employer, Company or any affiliate; or 
 (y) the Participant has a Separation from Service and, before two years have elapsed after such Separation from Service, such Participant becomes an employee of or a consultant to a Competitor or such Participant
becomes a Competitor; or 
  

 2 

 (z) the Participant discloses or uses without prior approval of an officer of the
Company, any confidential information of the Company or any Employer including, without limitation, data and information concerning customers, marketing strategies, trade representatives, employees, and any risk or exposure confronting the Company
or any Employer where such use or disclosure adversely affects the financial condition, business or reputation of the Company, Employer or any affiliate thereof. 
 (vi) [Reserved] 
 (d) If a
Participant has made an election to defer Base Compensation pursuant to Section 3.1 or Bonus Compensation pursuant to Section 3.2, the amount credited to such Participant’s Caesars Plan Account shall be paid in the form of payment in
which the Participant receives payment of the amount credited to his or her Accounts under Section 6.1. 
 (e) If a Participant has not
elected to defer or is not eligible to elect to defer Base Compensation pursuant to Section 3.1 or Bonus Compensation pursuant to Section 3.2, such Participant must elect, on the form provided by the EDCP Committee, to receive payment of
the amount credited to his or her Caesars Plan Account in one of the optional forms of payment described in Section 6.1(c). The form in which a Participant receives payment of his or her Caesars Plan Account shall be subject to the rules
provided for under Section 6.1. 
 (f) Subject to Sections 6.3, 6.3A, 6.3B and 6.3C, the amount credited to a Participant’s Caesars
Plan Account shall be paid or commence to be paid within thirty (30) days after the Participant’s Separation from Service; provided, however, that if a Participant has not attained age 63 on or prior to the date of such Separation from
Service, such Participant shall receive or commence to receive payment of the amount credited to his or her Caesars Plan Account within thirty (30) days after the second anniversary of such Participant’s Separation from Service (unless the
Participant’s Caesars Plan Account is forfeited pursuant to subparagraph (v) of paragraph (c) herein). 
  

	2.	Caesars Participants who were Receiving Monthly Payments Prior to the Transfer Date. 

 If, on the Transfer Date, a Caesars Participant is receiving payment of monthly benefits under the Caesars Plan, all remaining benefits to be paid under
the Caesars Plan to such Caesars Participant on or after the Transfer Date shall be paid under the Plan. All such benefits shall be paid to any such Caesars Participant at the same time and in the same manner as such benefits would have been paid to
such Caesars Participant under the Caesars Plan. 
  

	3.	Terminated Vested Caesars Plan Participants. 

 (a)
If, on the Transfer Date, a terminated Caesars Participant who has not attained age 63, is vested in his or her Caesars Plan Benefit (as defined in Section 1(a) of this Appendix), but is not entitled to receive payment of such benefit under the
Caesars Plan on the Transfer Date, solely because two years have not elapsed since such Caesars Participant’s Separation from 

  

 3 

 
Service (any such Caesars Participant being hereinafter referred to as a “Terminated Caesars Participant”), such Terminated Caesars Participant
shall receive payment of his or her Caesars Plan Benefit under this Plan in accordance with paragraph (b) of this Section 3. 
 (b)
A Terminated Caesars Participant shall receive payment of his or her Caesars Plan Benefit in the form of a lump sum payment within thirty (30) days after the second anniversary of such Participant’s Separation from Service (the
“Two-Year Period”). 
 (c) Notwithstanding any provisions contained herein, the Caesars Plan Benefit of a Terminated Caesars
Participant shall be immediately forfeited and no Caesars Plan Benefit shall be payable to a Terminated Caesars Participant (or if payments have commenced, no further benefits shall be paid) if: 
 (i) the Terminated Caesars Participant becomes an employee of or a consultant to a Competitor or such Terminated Caesars Participant
becomes a Competitor before the completion of the Two-Year Period, or 
 (ii) the Terminated Caesars Participant discloses or
uses without prior approval of an officer of the Company, any confidential information of the Company or any Employer including, without limitation, data and information concerning customers, marketing strategies, trade representatives, employees,
and any risk or exposure confronting the Company or any Employer where such use or disclosure adversely affects the financial condition, business or reputation of the Company, Employer or any affiliate thereof. 
 (d) [Reserved] 
  

 4Amendment and Restatement of Harrah's Executive Supplemental Savings Plan

 Exhibit 10.72 
 AMENDMENT AND RESTATEMENT OF THE 
 HARRAH’S ENTERTAINMENT, INC. 
 EXECUTIVE SUPPLEMENTAL SAVINGS PLAN 
 Effective as of August 3, 2007 

 AMENDMENT AND RESTATEMENT OF THE 
 HARRAH’S ENTERTAINMENT, INC. 
 EXECUTIVE SUPPLEMENTAL SAVINGS PLAN 

 TABLE OF CONTENTS 
  

							
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	ARTICLE ONE PREAMBLE	  	1
		
	ARTICLE TWO DEFINITIONS	  	2
				
		 	2.1	  	“Account” or “Accounts”	  	2
		 	2.2	  	“Affiliate”	  	2
		 	2.3	  	“Beneficiary”	  	2
		 	2.4	  	“Board”	  	2
		 	2.5	  	“Bonus”	  	2
		 	2.6	  	“Change of Control”	  	2
		 	2.7	  	“Code”	  	4
		 	2.8	  	“Company”	  	4
		 	2.9	  	“Compensation”	  	4
		 	2.10	  	“DCP”	  	4
		 	2.11	  	“Deferral Contribution”	  	4
		 	2.12	  	“Deferral Contribution Account”	  	4
		 	2.13	  	“Deferral Period”	  	4
		 	2.14	  	“Disability” or “Disabled”	  	5
		 	2.15	  	“Discretionary Contribution”	  	5
		 	2.16	  	“Discretionary Contribution Account”	  	5
		 	2.17	  	“EDCP”	  	5
		 	2.18	  	“EDCP Committee”	  	5
		 	2.19	  	“EDCP Investment Committee”	  	5
		 	2.20	  	“EDCP Pre-Termination Withdrawal”	  	5
		 	2.21	  	“EDCP Retirement Account”	  	5
		 	2.22	  	“EDCP Termination Account”	  	5
		 	2.23	  	“Effective Date”	  	5
		 	2.24	  	“Employee”	  	5
		 	2.25	  	“Employer”	  	5
		 	2.26	  	“Enhancement Contribution”	  	6
		 	2.27	  	“ERISA”	  	6
		 	2.28	  	“HRC”	  	6
		 	2.29	  	“Investment Fund”	  	6
		 	2.30	  	“Matching Contribution”	  	6
		 	2.31	  	“Matching Contribution Account”	  	6
		 	2.32	  	“Matching Limit”	  	6
		 	2.33	  	“Participant”	  	6
		 	2.34	  	“Participation Agreement”	  	6
		 	2.35	  	“Pay Status”	  	6
		 	2.36	  	“Plan”	  	6
		 	2.37	  	“Salary”	  	6

 AMENDMENT AND RESTATEMENT OF THE 
 HARRAH’S ENTERTAINMENT, INC. 
 EXECUTIVE SUPPLEMENTAL SAVINGS PLAN 

 TABLE OF CONTENTS 

							
	 	 	 	  	 	  	Page
		 	2.38	  	“Savings and Retirement Plan”	  	7
		 	2.39	  	“Separation from Service”	  	7
		 	2.40	  	“Service Provider”	  	7
		 	2.41	  	“Service Recipient”	  	7
		 	2.42	  	“Special Distribution Election Period”	  	7
		 	2.43	  	“Specified Employee”	  	7
		 	2.44	  	“Specified Employee Effective Date”	  	7
		 	2.45	  	“Specified Employee Identification Date”	  	8
		 	2.46	  	“Trust Agreement”	  	8
		 	2.47	  	“Trust Fund”	  	8
		 	2.48	  	“Trustee”	  	8
		 	2.49	  	“Valuation Date”	  	8
		 	2.50	  	“Years of Vesting Service”	  	8
		
	ARTICLE THREE ELIGIBILITY	  	8
				
		 	3.1	  	Selection of Participants.	  	8
		 	3.2	  	Participation Agreement.	  	9
		 	3.3	  	Revised Participation Agreement.	  	10
		 	3.4	  	Discontinuance of Participation.	  	10
		 	3.5	  	Reemployment.	  	10
		 	3.6	  	Adoption by Affiliates.	  	10
		
	ARTICLE FOUR CONTRIBUTIONS	  	11
				
		 	4.1	  	Participant Contributions.	  	11
		 	4.2	  	Matching Contributions.	  	12
		 	4.3	  	Change in Contributions.	  	13
		 	4.4	  	Suspension of Contributions.	  	13
		 	4.5	  	Transferred Contributions.	  	14
		 	4.6	  	Discretionary Contributions.	  	15
		 	4.7	  	Enhancement Contributions.	  	15
		 	4.8	  	Transfers to Harrah’s ESSP II.	  	16
		
	ARTICLE FIVE WITHDRAWALS	  	18
				
		 	5.1	  	Unforeseeable Emergency Withdrawals.	  	18
		 	5.2	  	Account Adjustments.	  	19
		 	5.3	  	[Reserved]	  	19
		 	5.4	  	In-Service Withdrawals for EDCP Transfers.	  	19

  

 ii 

 AMENDMENT AND RESTATEMENT OF THE 
 HARRAH’S ENTERTAINMENT, INC. 
 EXECUTIVE SUPPLEMENTAL SAVINGS PLAN 

 TABLE OF CONTENTS 

							
	 	 	 	  	 	  	Page
	ARTICLE SIX CREDITING OF CONTRIBUTIONS AND INCOME	  	20
				
		 	6.1	  	Account Allocations.	  	20
		 	6.2	  	Subaccounts.	  	20
		 	6.3	  	Hypothetical Investment Funds.	  	20
		 	6.4	  	Investment Direction.	  	21
		 	6.5	  	Rate of Return.	  	21
		 	6.6	  	Application to Beneficiaries	  	21
		 	6.7	  	EDCP Investment Committee.	  	21
		
	ARTICLE SEVEN VESTING	  	22
				
		 	7.1	  	Vesting of Benefits.	  	22
		 	7.2	  	Changes in Vesting Schedule.	  	23
		
	ARTICLE EIGHT PAYMENT OF BENEFITS	  	24
				
		 	8.1	  	Time of Payment	  	24
		 	8.2	  	Method of Payments.	  	24
		 	8.3	  	Beneficiary Designations.	  	26
		 	8.4	  	Prohibition on Acceleration of Distributions.	  	27
		 	8.5	  	Withholding and Payroll Taxes.	  	27
		 	8.6	  	[Reserved]	  	27
		 	8.7	  	Special Lump Sum Distribution.	  	27
		 	8.8	  	Special Distribution Elections.	  	28
		 	8.9	  	Compliance with Section 409A of the Code.	  	31
		
	ARTICLE NINE ADMINISTRATION OF THE PLAN	  	31
				
		 	9.1	  	Adoption of Trust.	  	31
		 	9.2	  	Powers of the EDCP Committee.	  	32
		 	9.3	  	Creation of Committee.	  	32
		 	9.4	  	Appointment of Agents.	  	32
		 	9.5	  	Majority Vote and Execution of Instruments.	  	33
		 	9.6	  	Allocation of Responsibilities.	  	33
		 	9.7	  	Conflict of Interest.	  	33
		 	9.8	  	Indemnification.	  	33
		 	9.9	  	Action taken by Employer.	  	33
		 	9.10	  	Fiduciary Authority.	  	33
		 	9.11	  	Participant Statements.	  	33

  

 iii 

 AMENDMENT AND RESTATEMENT OF THE 
 HARRAH’S ENTERTAINMENT, INC. 
 EXECUTIVE SUPPLEMENTAL SAVINGS PLAN 

 TABLE OF CONTENTS 

							
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	ARTICLE TEN CLAIM REVIEW PROCEDURE	  	33
				
		 	10.1	  	General.	  	33
		 	10.2	  	Appeals.	  	34
		 	10.3	  	Notice of Denials.	  	34
		
	ARTICLE ELEVEN LIMITATION ON ASSIGNMENT; PAYMENTS TO LEGALLY INCOMPETENT DISTRIBUTEE	  	35
				
		 	11.1	  	Anti-Alienation Clause.	  	35
		 	11.2	  	Permitted Arrangements.	  	35
		 	11.3	  	Payment to Minor or Incompetent.	  	35
		
	ARTICLE TWELVE AMENDMENT, MERGER AND TERMINATION	  	35
				
		 	12.1	  	Amendment.	  	35
		 	12.2	  	Merger or Consolidation of Company.	  	36
		 	12.3	  	Termination of Plan or Discontinuance of Contributions.	  	36
		 	12.4	  	Continuation of Plan following a Change of Control.	  	36
		 	12.5	  	Limitation of Company’s Liability.	  	36
		 	12.6	  	Limitation on Distributions.	  	36
		
	ARTICLE THIRTEEN GENERAL PROVISIONS	  	37
				
		 	13.1	  	Limitation of Rights.	  	37
		 	13.2	  	Construction.	  	37
		 	13.3	  	Status of Participants as Unsecured Creditors.	  	37
		 	13.4	  	Status of Trust Fund.	  	37
		 	13.5	  	Funding upon a Change of Control.	  	37
		 	13.6	  	Uniform Administration.	  	38
		 	13.7	  	Heirs and Successors.	  	38
		 	13.8	  	Electronic Administration.	  	38

  

 iv 

 AMENDMENT AND RESTATEMENT OF THE 
 HARRAH’S ENTERTAINMENT, INC. 
 EXECUTIVE SUPPLEMENTAL SAVINGS PLAN 

 Effective as of August 3, 2007 
 ARTICLE ONE 
 PREAMBLE 
 HARRAH’S ENTERTAINMENT, INC., a corporation organized and existing under the laws of the State of Delaware (the “Company”), adopted the
Harrah’s Entertainment, Inc. Executive Supplemental Savings Plan (the “Plan”) in order to provide key executives with an opportunity and incentive to save for retirement and other purposes. The Plan was amended and restated effective
April 1, 2001, to permit discretionary contributions, to delegate certain amendment authority, to remove the restrictions on installment payments and to make certain other changes. 
 The purpose of this Plan is to provide a select group of management or highly compensated employees of the Company and certain of its affiliates with the
opportunity to defer a portion of their compensation and to receive contributions from their employers. As a result, the Plan shall be considered a “top hat plan”, exempt from many of the requirements of the Employee Retirement Income
Security Act of 1974 (“ERISA”). This Plan is not intended to “qualify” for favorable tax treatment pursuant to Section 401(a) of the Internal Revenue Code of 1986 (the “Code”) or any successor section or statute.

 The Plan was subsequently amended in certain respects, and the Plan was amended to provide that no deferrals will be made under the Plan
for Salary or Bonus or other amounts earned during the 2005 Deferral Period or any later Deferral Period. 
 The Plan was subsequently
amended by the First and Second Amendments to the Plan and was amended and restated generally effective as of January 1, 2005. 
 The
Human Resources Committee of the Board of Directors of Harrah’s Entertainment, Inc. now wishes to amend the Plan to provide each Participant and each Beneficiary of a deceased Participant with an opportunity to elect to receive a special lump
sum distribution from his or her Accounts under the Plan during 2008, and an opportunity to make special distribution elections, in accordance with the transitional relief under Internal Revenue Service Notice 2005-1, Q/A-19(c), the Proposed
Regulations under Section 409A of the Code and Internal Revenue Service Notice 2006-79. 
 The Company has adopted this Amendment and
Restatement of the Plan, effective as of August 3, 2007. This Amendment and Restatement of the Plan incorporates the prior amendment and restatement of the Plan and constitutes a complete amendment, restatement and continuation of the Plan.
This Amendment and Restatement of the Plan is intended to comply with the requirements of Sections 409A(a)(2), (3) and (4) of the Code and the Treasury Regulations thereunder. As provided in Notice 2006-79, with respect to an election or
amendment to change a time and form of payment under the Plan made on or after January 1, 

 
2007 and on or before December 31, 2007, the election or amendment shall apply only to amounts that would not otherwise be payable in 2007 and shall not
cause an amount to be paid in 2007 but would not otherwise be payable in 2007. The Plan, as in effect prior to this Amendment and Restatement of the Plan, shall govern distributions under the Plan prior to August 3, 2007. 
 ARTICLE TWO 
 DEFINITIONS

 When a word or phrase appears in this Plan with the initial letter capitalized, and the word or phrase does not begin a sentence,
the word or phrase shall generally be a term defined in this Article Two or in the Preamble. The following words and phrases used in the Plan with the initial letter capitalized shall have the meanings set forth in this Article Two, unless a clearly
different meaning is required by the context in which the word or phrase is used: 
 2.1 “Account” or
“Accounts” means the accounts which may be maintained by the EDCP Committee to reflect the interest of a Participant or the Beneficiary of a deceased Participant under the Plan. 
 2.2 “Affiliate” means (a) a corporation which is a member of the same controlled group of corporations (within the
meaning of Section 414(b) of the Code) as is the Company, (b) any other trade or business (whether or not incorporated) controlling, controlled by, or under common control (within the meaning of Section 414(c) of the Code) with the
Company, and (c) any other corporation, partnership, or other organization which is a member of an affiliated service group (within the meaning of Section 414(m) of the Code) with the Company or which is otherwise required to be aggregated
with the Company pursuant to Section 414(o) of the Code. 
 2.3 “Beneficiary” means the person or trust
that a Participant, in his most recent written designation filed with the EDCP Committee, shall have designated to receive his benefit under the Plan in the event of his death or, if applicable, the person or entity determined in accordance with
Section 8.3 (Beneficiary Designations). 
 2.4 “Board” means the Board of Directors of the Company.

 2.5 “Bonus” means the incentive payment or payments earned by a Participant during a Deferral Period
pursuant to the Company’s Annual Management Bonus Plan, the Company’s Senior Executive Incentive Plan, the Company’s Player Development Bonus Program and/or the Horseshoe Gaming Holding Corp. 2004 Annual Bonus Incentive Plan (the
“Horseshoe 2004 Bonus Plan”), as such plans may be amended from time to time, and those short-term cash incentive plans that are approved by the EDCP Committee or its delegate, the Senior Vice President of Human Resources. 
 2.6 “Change of Control” means and includes each of the following: 
 (a) the acquisition, directly or indirectly, by any “person” or “group” (as those terms are defined in Sections 3(a)(9), 13(d)
and 14(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) and the rules thereunder) of “beneficial ownership” (as determined pursuant to Rule 13d-3 under the Exchange Act) of securities entitled to vote generally in
the election of directors (“voting securities”) of the Company that represent 25% or more of the combined voting power of the Company’s then outstanding voting securities, other than 
  

 2 

 (1) an acquisition by a trustee or other fiduciary holding securities under any
employee benefit plan (or related trust) sponsored or maintained by the Company or any person controlled by the Company or by any employee benefit plan (or related trust) sponsored or maintained by the Company or any person controlled by the
Company, or 
 (2) an acquisition of voting securities by the Company or a corporation owned, directly or indirectly by
the stockholders of the Company in substantially the same proportions as their ownership of the stock of the Company, or 
 (3) an acquisition of voting securities pursuant to a transaction described in clause (3) below that would not be a Change of Control under clause (3); 
 Notwithstanding the foregoing, neither of the following events shall constitute an “acquisition” by any person or group for purposes of this
clause (a): an acquisition of the Company’s securities by the Company which causes the Company’s voting securities beneficially owned by a person or group to represent 25% or more of the combined voting power of the Company’s then
outstanding voting securities; provided, however, that if a person or group shall become the beneficial owner of 25% or more of the combined voting power of the Company’s then outstanding voting securities by reason of share acquisitions
by the Company as described above and shall, after such share acquisitions by the Company, become the beneficial owner of any additional voting securities of the Company, then such acquisition shall constitute a Change of Control; or 
 (b) during any period of two consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new
director(s) (other than a director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in clauses (1) or (3) of this Section) whose election by the Board or nomination for
election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the two year period or whose election or nomination for election was
previously so approved, cease for any reason to constitute a majority thereof; or 
 (c) the consummation by the Company (whether
directly involving the Company or indirectly involving the Company through one or more intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other disposition of all or substantially all
of the Company’s assets or (z) the acquisition of assets or stock of another entity, in each case other than a transaction 
 (1) which results in the Company’s voting securities outstanding immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of the Company or the
person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the Company’s assets or otherwise 

  

 3 

 
succeeds to the business of the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the
combined voting power of the Successor Entity’s outstanding voting securities immediately after the transaction, and 
 (2) after which no person or group beneficially owns voting securities representing 25% or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of
this clause (B) as beneficially owning 25% or more of combined voting power of the Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the transaction; or 
 (d) the Company’s stockholders approve a liquidation or dissolution of the Company. 
 (e) The Human Resources Committee of the Board shall have full and final authority, which shall be exercised in its discretion, to determine
conclusively whether a Change of Control of the Company has occurred pursuant to the above definition, and the date of the occurrence of such Change of Control and any incidental matters relating thereto. 
 2.7 “Code” means the Internal Revenue Code of 1986, as amended. 
 2.8 “Company” means Harrah’s Entertainment, Inc. 
 2.9 “Compensation” means, for each Deferral Period, the total Salary paid to the Participant and the Bonus earned by the
Participant. 
 2.10 “DCP” means Harrah’s Entertainment, Inc. Deferred Compensation Plan, as it may be amended
from time to time. 
 2.11 “Deferral Contribution” means a contribution by a Participant pursuant to Section 4.1
(Participant Contributions) of this Plan. 
 2.12 “Deferral Contribution Account” means the Account maintained to
record the Deferral Contributions made by a Participant pursuant to Section 4.1 (Participant Contributions), as adjusted to reflect the rate of return on the hypothetical Investment Funds selected by the Participant in accordance with
Section 6.4 (Investment Direction) and other credits or charges called for by this Plan. 
 2.13 “Deferral
Period” means, generally, the 12 month period beginning on each January 1 and ending on the next following December 31. The initial Deferral Period shall commence as soon as administratively feasible after the Effective Date
and shall end on the next following December 31. With respect to Participants who enter the Plan after the Effective Date, the initial Deferral Period shall commence on the date the Participant is notified of his eligibility to participate in
the Plan in accordance with Section 3.1 (Selection of Participants) and shall end on the next following December 31; provided, however, that, for purposes of Section 2.5, the initial Deferral Period for such a Participant shall
mean the 12 month period beginning on January 1 and ending on the next following December 31 during which such Participant is notified of his eligibility to participate in the Plan in accordance with Section 3.1. 
  

 4 

 2.14 “Disability” or “Disabled” means, for purposes of this
Plan, that the Participant qualifies to receive long term disability payments under the Employer’s long term disability insurance program, as it may be amended from time to time. 
 2.15 “Discretionary Contribution” means an Employer contribution determined in accordance with Sections 4.6 or 4.7 of this Plan,
which may, in the discretion of the Employer, be transferred to the Trust. 
 2.16 “Discretionary Contribution
Account” means the Account maintained to record the Discretionary Contributions calculated in accordance with Section 4.6 (other than Enhancement Contributions) on behalf of a Participant, as adjusted to reflect the rate of return
on the hypothetical Investment Funds selected by the Participant in accordance with Section 6.4 and other credits or charges called for by this Plan. A Participant’s Discretionary Contribution Account may be divided into sub-accounts as
determined by the EDCP Committee. 
 2.17 “EDCP” means the Harrah’s Entertainment, Inc. Executive Deferred
Compensation Plan, as it may be amended from time to time. 
 2.18 “EDCP Committee” means the committee designated in
accordance with Section 9.3 (Creation of Committee) to carry out the administrative responsibilities under the Plan. 
 2.19
“EDCP Investment Committee” means the committee that has the responsibility for selecting and monitoring performance of the Investment Funds. 
 2.20 “EDCP Pre-Termination Withdrawal” has the same meaning as it does under the EDCP. 
 2.21 “EDCP Retirement Account” has the same meaning as it does under the EDCP. 
 2.22 “EDCP
Termination Account” has the same meaning as it does under the EDCP. 
 2.23 “Effective Date” means
April 1, 2001. With respect to each Affiliate that adopts this Plan after April 1, 2001, the term “Effective Date” means the date designated by the adopting Affiliate. 
 2.24 “Employee” means any individual classified by an Employer as a common law employee of the Employer. For this purpose, the
classification that is relevant is the classification in which such individual is placed by the Employer for purposes of this Plan and the classification of such individual for any other purpose (e.g., employment tax or withholding purposes) shall
be irrelevant. If an individual is characterized as a common law employee of the Employer by a governmental agency or court but not by the Employer, such individual shall be treated as an employee who has not been designated for participation in
this Plan. 
 2.25 “Employer” means the Company and any Affiliate that has adopted this Plan pursuant to
Section 3.6 (Adoption by Affiliates). 
  

 5 

 2.26 “Enhancement Contribution” means the specific Discretionary Contribution
determined in accordance with Section 4.7 of this Plan, which may, in the discretion of the Employer, be transferred to the Trust. 
 2.27 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 
 2.27A “Harrah’s ESSP II” shall mean the Harrah’s Entertainment, Inc. Executive Supplemental Savings Plan II, as amended. 
 2.28 “HRC” means the Human Resources Committee of the Board. 
 2.29
“Investment Fund” means the hypothetical investment fund or funds established by the EDCP Investment Committee pursuant to Section 6.4 (Investment Direction). 
 2.30 “Matching Contribution” means an Employer contribution calculated in accordance with Section 4.2 (Matching
Contributions) of this Plan, which may, in the discretion of the Employer, be transferred to the Trust. 
 2.31 “Matching
Contribution Account” means the Account maintained to record the Matching Contributions calculated in accordance with Section 4.2 (Matching Contributions) on behalf of a Participant, as adjusted to reflect the rate of return on the
hypothetical Investment Funds selected by the Participant in accordance with Section 6.4 (Investment Direction) and other credits or charges called for by this Plan. 
 2.32 “Matching Limit” means the designated percentage of compensation of Participant contributions to the Savings and Retirement Plan that are eligible for a matching contribution under the
Savings and Retirement Plan. 
 2.33 “Participant” means any Employee who has been selected for participation in the
Plan. The term “Participant” also shall include former Participants whose benefits under the Plan have not been fully distributed pursuant to the provisions of the Plan. 
 2.34 “Participation Agreement” means the written agreement to defer Salary and/or Bonus submitted by a Participant to the EDCP
Committee in accordance with Section 3.2 (Participation Agreement) or Section 3.3 (Revised Participation Agreement). 
 2.35
“Pay Status” means, with respect to an EDCP Pre-Termination Withdrawal, that payments from the EDCP have commenced. 
 2.36 “Plan” means the Harrah’s Entertainment, Inc. Executive Supplemental Savings Plan, as it may be amended from time to time. 
 2.37 “Salary” means the annual base salary paid to the Participant by the Employer during the Deferral Period, before reduction for amounts deferred pursuant to this Plan, the Savings and
Retirement Plan, any plan maintained under Section 125 of the Code or any other plan maintained by the Company or an Employer. Salary does not include expense reimbursements, salary continuation payments except as otherwise provided by an
employment agreement or separation agreement, or any form of non-cash compensation and benefits. 
  

 6 

 2.38 “Savings and Retirement Plan” means the Harrah’s Entertainment, Inc.
Savings and Retirement Plan, as it may be amended from time to time. 
 2.39 “Separation from Service” of a Service
Provider means his or her “separation from service,” as defined in Treasury Regulation Section 1.409A-1(h), with respect to the Service Recipient. 
 2.40 “Service Provider” means a Participant or any other “service provider”, as defined in Treasury Regulation Section 1.409A-1(f). 
 2.41 “Service Recipient”, with respect to any Service Provider, means the “service recipient,” as defined in Treasury
Regulation Section 1.409A-1(g), as determined from time to time. As provided in Treasury Regulation Section 1.409A-1(g), the “service recipient” shall mean the person for whom the Service Provider’s services are performed
and with respect to whom the legally binding right to compensation arises, and all persons with whom such person would be considered a single employer under Section 414(b) or 414(c) of the Code; provided, however, that for
purposes of Section 2.39, the “service recipient” shall be determined as provided in Treasury Regulation Section 1.409A-1(h)(3). 
 2.42 “Special Distribution Election Period” means the period designated by the EDCP Committee during which the elections under Sections 8.7 and 8.8 may be made. The “Special Distribution
Election Period” shall commence not earlier than August 3, 2007 and end not later than October 15, 2007. 
 2.43
“Specified Employee” means a Service Provider who, as of the date of the Service Provider’s Separation from Service, is a “Key Employee” of the Service Recipient any stock of which is publicly traded on an
established securities market or otherwise. For purposes of this definition, a Service Provider is a “Key Employee” if the Service Provider meets the requirements of Section 416(i)(1)(A)(i), (ii) or (iii) of the Code
(applied in accordance with the Treasury Regulations thereunder and disregarding Section 416(i)(5) of the Code) at any time during the Testing Year. If a Service Provider is a “Key Employee” (as defined above) as of a Specified
Employee Identification Date, the Service Provider shall be treated as “Key Employee” for the entire 12 month period beginning on the Specified Employee Effective Date. For purposes of this Section 2.43, a Service
Provider’s compensation for a Testing Year shall mean such Service Provider’s compensation, as determined under Treasury Regulation Section 1.415(c)-2(d)(4), from the Service Recipient for such Testing Year. The “Specified
Employees” shall be determined in accordance with Section 409A(a)(2)(B)(i) of the Code and Treasury Regulation Section 1.409A-1(i). 
 2.44 “Specified Employee Effective Date” means the first day of the fourth month following the Specified Employee Identification Date. The Specified Employee Effective Date may be changed by the HRC, in its
discretion, in accordance with Treasury Regulation Section 1.409A-1(i)(4). 
  

 7 

 2.45 “Specified Employee Identification Date”, for purposes of Treasury
Regulation Section 1.409A-1(i)(3), means December 31. The “Specified Employee Identification Date” shall apply to all “nonqualified deferred compensation plans” (as defined in Treasury Regulation
Section 1.409A-1(a)) of the Service Recipient and all affected Service Providers. The “Specified Employee Identification Date” may be changed by the HRC, in its discretion, in accordance with Treasury Regulation
Section 1.409A-1(i)(3). 
 2.46 “Trust Agreement” means that certain trust agreement established pursuant to the
Plan between the Company and the Trustee or any trust agreement hereafter established, the provisions of which are incorporated herein by reference. 
 2.47 “Trust Fund” means all assets of whatsoever kind or nature held from time to time by the Trustee pursuant to the Trust Agreement and forming a part of this Plan, without distinction as to
income and principal and without regard to source, i.e., Employer or Participant contributions or earnings. 
 2.48
“Trustee” means the Trustee under the Trust Agreement. 
 2.49 “Valuation Date” means the date
for valuing the hypothetical Investment Funds maintained under the Plan, which shall be each business day of the Deferral Period. 
 2.50
“Years of Vesting Service” means the years of service credited to an individual for vesting purposes under the Savings and Retirement Plan, determined in accordance with all applicable provisions of the Savings and Retirement
Plan. 
 ARTICLE THREE 
 ELIGIBILITY 
 3.1 Selection of Participants. 
 (a) General. For purposes of Title I of ERISA, the Plan is intended to be an unfunded plan of deferred compensation covering a select group
of management or highly compensated employees. As a result, participation in the Plan shall be limited to Employees employed in a position classified by the Company as a Director-level position or above, and any other Employees employed by an
Employer who are selected for participation in the Plan by the EDCP Committee. To further ensure compliance with the ERISA participation requirements applicable to this Plan, the Company, in the exercise of its discretion, may exclude from
participation in the Plan an individual who otherwise meets the requirements this Section 3.1(a) for any reason, or for no reason, as the Company deems to be appropriate. 
 (b) Entry into Plan. Employees who are eligible to participate in the Plan as of the initial Effective Date shall enter the Plan as soon as
administratively feasible following such Effective Date. Employees who become eligible to participate in the Plan after the initial Effective Date shall enter the Plan as of the first day of the first payroll period commencing in the Deferral Period
next following the Employee’s notification of his eligibility to participate in the Plan. Notwithstanding the foregoing, the EDCP Committee may, in its discretion, waive the Plan entry provision set forth in the preceding sentence and permit an
Employee to enter the Plan as of the first day of any payroll period commencing during a particular Deferral Period or, solely with respect to a Discretionary Contribution or Enhancement Contribution, as of any day selected by the EDCP Committee.

  

 8 

 No eligible Employee shall become a Participant on or after January 1, 2005. 
 (c) No Waiting Periods. A Participant need not complete any particular period of service in order to be eligible to make Deferred
Contributions or to receive Discretionary Contributions (other than the second Enhancement Contribution as provided in Section 4.7(b)). In order to receive Matching Contributions for a Deferral Period, however, a Participant also must be
eligible to receive matching contributions under the Savings and Retirement Plan for that Deferral Period, as determined in accordance with the provisions of the Savings and Retirement Plan. 
 3.2 Participation Agreement. 
 (a) Content of Participation Agreement. Each Participant shall execute a Participation Agreement evidencing his election to participate in the Plan in the manner and at such time as the EDCP Committee shall require. In the
Participation Agreement, the Participant shall select the amount or rate of Deferral Contributions and authorize the reduction of the Participant’s Compensation in an amount equal to his Deferral Contributions. The Participant also shall select
in the Participation Agreement the form in which distributions are to be made from the Participant’s Accounts (i.e., lump sums, installment payments). The Participation Agreement also may set forth such other information as the EDCP Committee
shall require. The Participation Agreement made by the Participant shall remain in full force and effect until such time as it is amended or replaced, or the Participant’s participation in this Plan terminates. 
 (b) Timing Requirements. 
 (1) Entry on Initial Effective Date. If a Participant is eligible to participate in the Plan as of the initial Effective Date and the Participant’s initial Participation Agreement is completed and
delivered within 30 days of the Effective Date, the Participant’s Deferral Contributions may be determined with reference to Compensation earned on or after the first day of the first full payroll period next following receipt of the
Participation Agreement by the EDCP Committee or as of such other uniform date (not earlier than the first day of the next full payroll period) as may be designated by the EDCP Committee. 
 (2) Entry after Initial Effective Date. Participants who begin Plan participation as of the beginning of any Deferral Period
commencing after the Effective Date must submit separate Participation Agreements for their Salary Deferral Contributions and Bonus Deferral Contributions. 
 (A) A Participant’s Salary Deferral Contributions may be determined with reference to Salary earned on or after the first day of the first full payroll period in a Deferral Period if the Participant
completes and delivers a Participation Agreement to the EDCP Committee during the election period established by the EDCP Committee which ends prior to the first day of such Deferral Period. 
  

 9 

 (B) A Participant’s Bonus Deferral Contributions may be determined with
reference to Bonus for the entire 12 month period beginning on each January 1 and ending on the next following December 31 if the Participant completes and delivers a Participation Agreement to the EDCP Committee during the election period
established by the EDCP Committee which ends no later than June 30 of each Deferral Period. 
 (3)
Exceptions. If a Participant is permitted to enter the Plan during a Deferral Period, his Participation Agreement must be completed and delivered in accordance with the rules and procedures adopted by the EDCP Committee for such purpose.
Such Participation Agreement shall apply with respect to Salary earned on or after the effective date of the Participation Agreement, as determined by the EDCP Committee. Such Participation Agreement shall apply with respect to Bonus for the entire
12 month period beginning on January 1 and ending on the next following December 31 if it is effective no later than June 30 of such Deferral Period (or, not later than September 30, in the case of a Bonus earned under the
Horseshoe 2004 Bonus Plan), as determined by the EDCP Committee. However, except as provided in Section 4.3(c), if such Participation Agreement is effective after June 30 (or, after September 30, in the case of a Bonus earned under
the Horseshoe 2004 Bonus Plan), as determined by the EDCP Committee, it shall only apply with respect to Bonus attributable to the portion of the Deferral Period commencing on such effective date. 
 3.3 Revised Participation Agreement. A Participant may file a new Participation Agreement to change a previously filed election. If the
Participant changes the amount of his Deferral Contributions, the new amount will become effective in accordance with Section 4.3 (Change in Contributions). 
 3.4 Discontinuance of Participation. Once an Employee is designated as a Participant, he will continue as such for all future Deferral Periods unless and until (a) the Participant has a Separation
from Service and receives a full distribution of his Accounts, or (b) is no longer categorized as an individual entitled to participate in the Plan pursuant to Section 3.1 (Selection of Participants) above. If a Participant’s
participation is discontinued, the Participant will no longer be eligible to make Deferral Contributions. The Participant will not be entitled to receive a distribution, however, until the occurrence of one of the events listed in Article Five
(Withdrawals) or Article Eight (Payment of Benefits). 
 3.5 Reemployment. If a former Employee is rehired by an Employer and
is eligible to participate in the Plan, he shall reenter the Plan on the same basis as a newly eligible Employee in accordance with the provisions of Section 3.1 (Selection of Participants). Such Employee’s reentry into the Plan shall have
no impact on any distributions that have been made or are being made in accordance with Article Eight (Payment of Benefits). Any amounts previously forfeited from the Participant’s Accounts pursuant to Section 7.1 (Vesting of Benefits)
shall not be restored or reinstated upon the Participant’s subsequent reentry into the Plan. 
 3.6 Adoption by
Affiliates. Any Affiliate of the Company may adopt this Plan with the approval of the EDCP Committee. Any Affiliate that permits an individual to make Deferral 
  

 10 

 
Contributions pursuant to Section 4.1 (Participant Contributions) shall be deemed to have adopted the Plan without any further action. The EDCP
Committee’s acceptance of such Deferral Contributions shall evidence the consent of the EDCP Committee to the adoption of the Plan by the Affiliate. Notwithstanding the foregoing, at the request of the EDCP Committee, the Affiliate shall
evidence its adoption of the Plan by an appropriate resolution of its Board of Directors or in such other manner as may be authorized by the EDCP Committee. By adopting this Plan, the Affiliate shall be deemed to have agreed to make the
contributions called for by Article Four (Contributions), agreed to comply with all of the other terms and provisions of this Plan, delegated to the EDCP Committee the power and responsibility to administer this Plan with respect to the
Affiliate’s employees, and delegated to the Company the full power to amend or terminate this Plan with respect to the Affiliate’s employees. 
 ARTICLE FOUR 
 CONTRIBUTIONS 
 4.1 Participant Contributions. 
 (a) Salary Deferral Contributions. A Participant may elect to defer a maximum of 25% of the Salary otherwise payable to him during the Deferral Period, or such other maximum amount as may be prescribed by the EDCP Committee as
the Salary Deferral Contribution limit for all Participants or pursuant to subsection (c); provided, however, that Savings and Retirement Plan Rollover Deferrals pursuant to subsection (d) below shall be in addition to any Salary Deferral
Contributions permitted under this subsection (a). 
 Notwithstanding the foregoing, no Participant shall make deferrals of Salary earned
during the 2005 Deferral Period or any later Deferral Period. 
 (b) Bonus Deferral Contributions. A Participant may elect to
defer a maximum of 90% of any Bonus earned by him during the Deferral Period (which may be paid during the applicable Deferral Period or after the close of the applicable Deferral Period), or such other maximum amount as may be prescribed by the
EDCP Committee as the Bonus Deferral Contribution limit for all Participants or pursuant to subsection (c). Notwithstanding the foregoing, for purposes of calculating the maximum Bonus Deferral Contributions for the initial Deferral Period beginning
on the Effective Date, the Bonus earned by the Participant during the entire 2001 calendar year shall be taken into account. 
 Notwithstanding the foregoing, no Participant shall make deferrals of Bonus earned during the 2005 Deferral Period or any later Deferral Period. 
 (c) The EDCP Committee may, in its discretion, permit an individual Participant to make Deferral Contributions in excess of the limitations set forth in or established in accordance with this Section 4.1
or place additional restrictions on an individual Participant’s Deferral Contributions. All Deferral Contributions under this Plan shall be made in accordance with such rules and procedures regarding Participant deferrals as may be promulgated
by the EDCP Committee from time to time. All Participant elections are subject to the timing requirements set forth in Section 3.2(b) (Participation Agreement – Timing Requirements) and shall remain in effect until replaced or revised in
accordance with Section 3.3 (Revised Participation Agreement). 
  

 11 

 (d) Savings and Retirement Plan Rollover Deferrals. In addition to the deferrals permitted
under subsection (a) above, any Participant that participates at the maximum before-tax percentage contributions under the Savings and Retirement Plan shall be deemed to have elected to defer into this Plan as a Savings and Retirement Plan
Rollover Deferral that portion to defer under such Savings and Retirement Plan which could not be deferred on a before-tax basis under any such plan due to any law or regulation, but excluding any amount which was actually deferred into the Savings
and Retirement Plan but distributed back to the Participant in a following plan year. 
 Notwithstanding the foregoing, no Participant shall
make any deferrals under this subsection (d) for the 2005 Deferral Period or any later Deferral Period. 
 4.2 Matching
Contributions. 
 (a) Each Employer shall make a Matching Contribution on behalf of each of its Participants who has elected to
make Salary Deferral Contributions or has had any Savings and Retirement Plan Rollover Deferrals pursuant to Section 4.1(d) during the Deferral Period under Section 4.1 (Participant Contributions), and is eligible to receive a
matching contribution under the Savings and Retirement Plan, if such Participant is described in subsection (c) below. No Matching Contributions shall be made with respect to Bonus Deferral Contributions. The Matching Contribution shall be
credited to each eligible Participant’s Matching Contribution Account as of the year-end Valuation Date or the date of termination. 
 As provided in Sections 4.1(a), (b) and (d), no Participant shall make deferrals of Salary, Bonus or other compensation earned during the 2005 Deferral Period or any later Deferral Period and, consequently, no Matching Contribution
shall be made with respect to Salary, Bonus or other compensation earned during the 2005 Deferral Period or any later Deferral Period. 
 (b) The Matching Contribution for each eligible Participant shall equal the difference between 
 (1)
the sum of 
 (A) 50% of the Participant’s contributions to the Savings and Retirement Plan for its plan year
coinciding with the Deferral Period, plus 
 (B) 50% of the Participant’s Salary Deferral Contributions and
Savings and Retirement Plan Rollover Deferrals in the Deferral Period, up to the Matching Limit as applied to the Participant’s Salary, less 
 (C) the Employer’s matching contribution for such Participant under the Savings and Retirement Plan. 
  

 12 

 (c) A Participant shall be eligible for the Matching Contribution for the Deferral Period, if and
only if such Participant makes 401(k) contributions under the Savings and Retirement Plan for the plan year of the Savings and Retirement Plan coinciding with the Deferral Period in an amount equal to the lesser of: (1) the maximum 401(k)
contributions permitted under Code Section 402(g), or (2) the maximum 401(k) contributions permitted under the Savings and Retirement Plan. 
 4.3 Change in Contributions. 
 (a) Rules. Any and all changes in Deferral
Contributions made pursuant to this Section 4.3 shall be made in accordance with rules promulgated by the EDCP Committee. 
 (b)
Salary Deferral Contributions. A Participant may change the amount or percentage of Salary Deferral Contributions under Section 4.1(a) prior to the beginning of any Deferral Period. Any change in the amount or percentage of the
Deferral Contribution to be made from any Salary shall be effective with respect to Salary earned on or after the first day of the first full payroll period of the next following Deferral Period. 
 (c) Bonus Deferral Contributions. A participant may change the amount or percentage of Bonus Deferral Contributions for the current
Deferral Period until the last day of the election period described in Section 3.2(b)(2)(B). If the election period described in Section 3.2(b)(2)(B) has ended, any change in the amount or percentage of the Deferral Contribution to be made
from any Bonus shall be effective with respect to Bonuses earned in the first Deferral Period immediately following the EDCP Committee’s receipt of such revised Participation Agreement. Notwithstanding the above, the EDCP Committee may, in its
discretion, determine that special circumstances exist and permit a Participant to change the amount of his Bonus Deferral Contributions during the Deferral Period, but in no event shall the change in the Bonus Deferral Contributions be made later
than the last day of the Deferral period. 
 (d) Future Participation. A Participant’s election to make no Deferral
Contributions to the Plan during one or more Deferral Periods shall not affect his continued participation in the Plan or his ability to resume his Deferral Contributions to the Plan in the future. 
 4.4 Suspension of Contributions. 
 (a) Suspension. A Participant may suspend his contributions under Section 4.1 as of the first day of any full payroll period in the Deferral Period, by giving appropriate notice to the EDCP Committee at least 30 days (or
such other period specified by the EDCP Committee pursuant to rules of uniform application) prior to the date on which the suspension shall become effective. Any such suspension shall remain in effect for the remainder of the Deferral Period during
which the suspension begins and the entire next following Deferral Period. 
 (b) Resumption of Contributions. A Participant
who has suspended his contributions pursuant to paragraph (a) above and who applies to the EDCP Committee in a timely manner shall be entitled to resume his contributions with respect to Compensation earned beginning on the first day of the
first full payroll period in the Deferral Period next following the 

  

 13 

 
expiration of the suspension as set forth in paragraph (a) above. Any application to resume contributions shall be made in the form of a revised
Participation Agreement and shall comply with all procedures promulgated by the EDCP Committee pursuant to Section 3.3 (Revised Participation Agreement). 
 4.5 Transferred Contributions. 
 (a) General. 
 (1) DCP and EDCP Transfers. A Participant may make an irrevocable election, with the consent of the EDCP Committee and in
accordance with the procedures promulgated by the EDCP Committee for such purpose, to transfer all or a portion of his accumulated account balance under the EDCP or the DCP to this Plan. Any account balance transfers to this Plan from either the
EDCP or the DCP shall include the vested and non-vested portions of the Participant’s account under such Plan. In general, all amounts transferred to this Plan from the EDCP or the DCP shall be subject to all of the terms and provisions of this
Plan, including, specifically, the vesting, earnings crediting and payment provisions of this Plan. In general, the elective deferral account balance and the employer matching contribution account balance which are transferred from the EDCP and DCP
pursuant to this Section 4.5 shall be allocated among the affected Participant’s Deferral Contribution Account and Matching Contribution Account, respectively. Amounts transferred from the EDCP or the DCP to this Plan pursuant to this
Section 4.5 may not be transferred from this Plan to the EDCP or DCP. 
 (2) Certain Deferred Compensation
Agreements. An Employee who has a deferred compensation agreement with Harrah’s Club (which has been succeeded to by Harrah’s Operating Company, Inc. by merger) may, upon written agreement with Harrah’s Operating Company,
Inc., transfer the account balance of such deferred compensation agreement including accrued interest to the Plan. Upon such transfer, the transferred amount will be fully vested and shall be subject to all of the terms and provisions of the Plan
including, specifically, earnings crediting and payment provisions. 
 (b) Enhancement Program. During the time period approved
by the chief financial officer of the Company, an individual who is a participant in the EDCP may elect to transfer all or a portion of his EDCP Termination Account balance to this Plan pursuant to the requirements of this subsection (b) and
have the opportunity to receive an Enhancement Contribution. 
 (1) Eligibility. This election is only available
to an individual participating in the EDCP who (A) is either a Participant or eligible to be a Participant in this Plan, (B) is employed by an Employer at the time of the election and (C) as of the date of his election, will not be
eligible for his EDCP Retirement Account under the terms of the EDCP for five or more years. 
  

 14 

 (2) Transfers. Each individual must elect to transfer to the Plan all of
his EDCP Termination Account balance, including all amounts credited towards EDCP Pre-Termination Withdrawals that are not in Pay Status on the date of the election. If the individual has an EDCP Pre-Termination Withdrawal in Pay Status under the
EDCP on the date of the election, he must elect to transfer to the Plan all of his EDCP Termination Account balance, including all amounts credited towards EDCP Pre-Termination Withdrawals that are not in Pay Status. However, any amount credited
towards an EDCP Pre-Termination Withdrawal that is in Pay Status at the time of the election will remain in the EDCP (subject to the terms of the EDCP) and will not be transferred to this Plan. 
 (3) Vesting. All amounts transferred from a Participant’s EDCP Termination Account under this subsection (b) will
be credited to the Participant’s Deferral Account and will be 100% vested. 
 No transfer of all or a portion of a Participant’s EDCP Termination
Account shall be made after April 1, 2001. 
 4.6 Discretionary Contributions. With the approval of the EDCP Committee,
each Employer, in its sole discretion, may make a Discretionary Contribution on behalf of such Participants as it designates. Enhancement Contributions, which are described in Section 4.7, are Discretionary Contributions. Except as provided in
Section 4.7, the amount of the Discretionary Contribution will be determined by the Employer in its sole discretion and approved by the EDCP Committee. Except for Enhancement Contributions, all Discretionary Contributions will be credited to
the Discretionary Contribution Account as of the time designated by the Employer or the EDCP Committee. Discretionary Contributions may be subject to additional requirements, including vesting and in-service withdrawal limitations, as established by
the Company or the EDCP Committee. 
 Notwithstanding the foregoing, no Discretionary Contribution shall be made with respect to the 2005
Deferral Period or any later Deferral Period. 
 4.7 Enhancement Contributions. Participants who make a valid election pursuant
to Section 4.5(b) will receive a special Discretionary Contribution called an Enhancement Contribution as provided in this Section. The Enhancement Contribution may be made in two parts, as described below. 
 (a) Initial Enhancement Contribution. 
 (1) Eligibility. Each Participant who makes a valid election pursuant to Section 4.5(b) will be credited with an
initial Enhancement Contribution. 
 (2) Timing. The initial Enhancement Contribution, determined as described
in subsection (a)(3), will be credited to the Participant’s Deferral Account as of the effective date of the transfer to the Plan of the Participant’s EDCP Termination Account. 
 (3) Amount. Except as provided below, the initial Enhancement Contribution will be an amount equal to the greatest of:

 (A) the Participant’s EDCP Retirement Account balance less his EDCP Termination Account balance, multiplied by two;

  

 15 

 (B) 40% of the Participant’s EDCP Termination Account balance, not to exceed
$100,000; or 
 (C) Four times the Participant’s EDCP Termination Account balance, not to exceed $10,000. 
 For any Participant who has an EDCP Pre-Termination Withdrawal in Pay Status at the time he makes an election pursuant to Section 4.5(b), his
initial Enhancement Contribution will equal the product of (i) the greatest figure from (A), (B) and (C) and (ii) a fraction (not to exceed one), the numerator of which is the balance of the Participant’s EDCP Termination
Account transferred to the Plan, and the denominator of which is the sum of (I) the balance of the Participant’s EDCP Termination Account transferred to the Plan and (II) the balance of all amounts credited towards a EDCP Pre-Termination
Withdrawal that are not transferred to the Plan. 
 (b) Second Enhancement Contribution. 
 (1) Eligibility. Each Participant who received an initial Enhancement Contribution as described in subsection (a) and
who continues to be employed by, or receives salary continuation payments from, an Employer until the earlier of: (A) the date he attains age 55 and has completed 10 years of service, or (B) the date of a Change of Control, will be
credited with a second Enhancement Contribution. 
 (2) Timing. The second Enhancement Contribution, determined
in accordance with subsection (b)(3), will be credited to the Participant’s Deferral Account as of the date described in subsection (b)(1). 
 (3) Amount. The second Enhancement Contribution will be an amount equal to 50% of the initial Enhancement Contribution credited determined under subsection (a)(3). 
 (4) Crediting under Harrah’s ESSP II. If a Participant becomes entitled to an Enhancement Contribution (as defined in
the Plan) under this Section 4.7(b) on or after the Second Transfer Date, such Enhancement Contribution shall be credited to such Participant’s “Deferral Contribution Account” under the Harrah’s ESSP II (and shall not be
credited to such Participant’s Deferral Account under the Plan or the subaccounts thereunder). 
 (c)
Vesting. Each Participant is 100% vested in each of his Enhancement Contributions once made. 
 4.8 Transfers to
Harrah’s ESSP II. 
 (a) (1) First Amounts to be Transferred. Effective as of
January 1, 2005 (the “First Transfer Date”), in the case of a Participant, the 

  

 16 

 
amount credited to such Participant’s Matching Contribution Account that is described in subsection (b) shall be transferred from such Matching
Contribution Account to such Participant’s “Transferred Harrah’s ESSP Matching Account” (as defined in the Harrah’s ESSP II), as provided in subsection (b). 
 (2) Second Amounts to be Transferred. Effective as of January 1, 2006 (the “Second Transfer Date”), in
the case of a Participant, the amount credited to such Participant’s Deferral Contribution Account that is described in this subsection (c) shall be transferred from such Deferral Contribution Account to such Participant’s
“Transferred Harrah’s ESSP Deferral Contribution Account” (as defined in the Harrah’s ESSP II), as provided in subsection (c). 
 (3) Transferred Amounts. The amounts described in this Section 4.8 include amounts credited to such Participant’s Accounts under the Plan as of December 31, 2004 that were not earned and
vested as of December 31, 2004, as adjusted for any earnings credited thereto or any losses debited therefrom under the Plan, and amounts credited under the Plan after December 31, 2004, as adjusted for any earnings credited thereto or any
losses debited therefrom under the Plan. The amounts transferred pursuant to this Section 4.8 shall be debited from such Participant’s Accounts under the Plan, and shall be credited to such Participant’s “Transferred
Harrah’s ESSP Accounts” (as defined in the Harrah’s ESSP II), effective as of the First Transfer Date or the Second Transfer Date, as applicable. 
 (4) [Reserved] 
 (b) Harrah’s ESSP Matching Contributions. In the event that all or any portion of a Participant’s Matching Contribution Account (as defined in the Plan) was not fully vested as of December 31, 2004 under the
Plan, the portion of the total balance in such Participant’s Matching Contribution Account that was not vested as of December 31, 2004 under the Plan, as adjusted for any earnings credited thereto or any losses debited therefrom under the
Plan, shall be transferred from such Participant’s Matching Contribution Account to such Participant’s “Transferred Harrah’s ESSP Matching Contribution Account” (as defined in the Harrah’s ESSP II), effective as of the
First Transfer Date. The portion of the balance in such Participant’s Matching Contribution Account that was vested as of December 31, 2004, as adjusted for any earnings credited thereto or any losses debited therefrom under the Plan,
shall not be transferred and shall remain credited to such Participant’s Matching Contribution Account. Effective as of the First Transfer Date, the portion of the balance in such Participant’s Matching Contribution Account that was vested
as of December 31, 2004, as adjusted for any earnings credited thereto or any losses debited therefrom under the Plan, which is not transferred and remains credited to such Participant’s Matching Contribution Account, shall be fully
vested. 
  

 17 

 (c) Harrah’s ESSP Bonus Deferral Contributions. The Participant’s
Bonus (as defined in the Plan) earned by such Participant during the 2004 Deferral Period (as defined in the Plan), and otherwise payable after December 31, 2004, and deferred by such Participant in accordance with Section 4.1(b) of the
Plan, as adjusted for any earnings credited thereto or any losses debited therefrom under the Plan, shall be transferred from such Participant’s Deferral Contribution Account to such Participant’s “Transferred Harrah’s ESSP
Deferral Contribution Account” (as defined in the Harrah’s ESSP II), effective as of the Second Transfer Date. 
 ARTICLE FIVE

 WITHDRAWALS 
 5.1 Unforeseeable Emergency Withdrawals. 
 (a) General. 
 (1) A Participant may elect to receive a withdrawal from his or her Accounts upon the occurrence of an Unforeseeable Emergency, as
determined by the EDCP Committee in its sole discretion, as provided herein, on or after January 1, 2008. Such Participant may elect to receive a withdrawal by completing and delivering an election with the EDCP Committee in accordance with the
uniform procedures promulgated by the EDCP Committee. 
 (2) The election to receive a withdrawal upon the occurrence
of an Unforeseeable Emergency by a Participant who is entitled to a distribution under Article Eight (Distribution Elections; Payment of Benefits) shall override the distribution election in effect for such Participant under Article Eight
with respect to the amount to be withdrawn, both as to form of payment and timing of payment. If installment payments to such Participant have begun at the time an election for a withdrawal upon the occurrence of an Unforeseeable Emergency is made,
the election shall apply only with respect to the unpaid balance of such Participant’s Accounts. 
 (3) The amount
to be distributed to a Participant who elects a withdrawal upon the occurrence of an Unforeseeable Emergency shall not exceed the amounts reasonably necessary to satisfy such Unforeseeable Emergency (and shall include amounts necessary to pay
federal, state, local or foreign taxes and penalties reasonably anticipated as a result of the withdrawal), after taking into account the extent to which such Unforeseeable Emergency is or may be relieved through reimbursement or compensation
through insurance or otherwise, by liquidation of the Participant’s assets (to the extent the liquidation of such assets would not itself cause severe financial hardship), as determined by the EDCP Committee in accordance with
Section 409A(a)(2)(B)(ii)(II) of the Code and the Treasury Regulation Section 1.409A-3(i)(3)(ii). 
 (4) For
purposes of this Section 5.1, “Unforeseeable Emergency” with respect to a Participant shall mean a severe financial hardship to the Participant resulting from an illness or accident of the Participant, or the Participant’s
spouse, Beneficiary or 

  

 18 

 
dependent (as defined in Section 152 of the Code, without regard to Sections 152(b)(1), (b)(2) and (d)(1)(B) of the Code) of the Participant, loss of
the Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, as determined by the EDCP Committee in accordance with
Section 409A(a)(2)(B)(ii)(I) of the Code and the Treasury Regulation Section 1.409A-3(i)(3)(i). 
 (5) For
purposes of determining the amount to be distributed to such Participant, the Participant’s Accounts shall be valued as of the Valuation Date immediately preceding the date the withdrawal election is approved by the EDCP Committee. The amount
to be distributed to a Participant who elects a withdrawal upon the occurrence of an Unforeseeable Emergency shall not exceed such Participant’s vested interest in his or her Accounts. The Participant’s vested interest in his or her
Matching Contribution Account and Discretionary Contribution Account shall be determined as of the Valuation Date immediately preceding the date the withdrawal election is approved by the EDCP Committee. 
 (6) The amount to be distributed to the Participant pursuant to such Participant’s election to receive a withdrawal upon the
occurrence of Unforeseeable Emergency shall be paid in a lump sum payment within sixty (60) days following the approval of the Participant’s withdrawal election by the EDCP Committee. 
 (b) [Reserved] 
 5.2 Account Adjustments. A Participant’s withdrawal upon the occurrence of Unforeseeable Emergency shall be charged on a pro rata basis to the Participant’s vested interests in the subaccounts in such
Participant’s Accounts. 
 5.3 [Reserved] 
 5.4 In-Service Withdrawals for EDCP Transfers. 
 (a) Election. This
Section 5.4 applies only to those individuals who make a valid election pursuant to Section 4.5(b), and who, prior to April 1, 2001, elected an EDCP Pre-Termination Withdrawal under the EDCP that is not in Pay Status as of the date of
his election under Section 4.5(b). At the time such individuals elect to transfer their EDCP Termination Account to the Plan pursuant to Section 4.5(b), they may make a one-time, irrevocable election to have all the amounts that were
credited on their behalf for purposes of an EDCP Pre-Termination Withdrawal under the EDCP either (i) credited to the Participant’s Deferral Contribution Account under this Plan and distributed pursuant to Section 8.1 or
(ii) credited to the Participant’s In-Service Withdrawal Account under this Plan and distributed pursuant to subsection (b). 
 If
no valid election is made with respect to this issue, the amount credited under the EDCP on behalf of a Participant’s EDCP Pre-Termination Withdrawal will automatically be credited to the Participant’s Deferral Contribution Account.

 No elections shall be made under this Section 5.4 on or after April 1, 2001. 
  

 19 

 (b) In-Service Withdrawals. The balance credited to an In-Service Withdrawal Account
pursuant to the election described in subsection (a) will be deemed to be invested in accordance with Sections 6.3, 6.4 and 6.5. Except as provided in subsection (c), payments to the Participant from the In-Service Withdrawal Account will
commence in the same year as payments to the Participant were scheduled to commence from the EDCP as an EDCP Pre-Termination Withdrawal and will be made in four annual installments. In each of the four years, the amount of the installment will equal
a specified percentage of the remaining balance of the In-Service Withdrawal Account as of the Valuation Date immediately preceding each date of payment. The applicable percentages are as follows: 
  

			
	 Year
	  	 Percentage of the In-Service
 Withdrawal Account

	 1
	  	25%
	 2
	  	33 1/3%
	 3
	  	50%
	 4
	  	100%

 (c) Termination before Full Payment. Notwithstanding anything to the contrary in
subsection (b), if any Participant with an In-Service Withdrawal Account established under this Section 5.4 dies or has a Separation from Service before all four installments have been paid, the remaining balance of his In-Service Withdrawal
Account will be paid in accordance with Article Eight. 
 ARTICLE SIX 
 CREDITING OF CONTRIBUTIONS AND INCOME 
 6.1 Account
Allocations. All Deferral Contributions, Enhancement Contributions and transfers of EDCP Termination Account balances made pursuant to Section 4.5(b) will be credited to the Participants’ Deferral Contribution Account. All Matching
Contributions will be credited to the Participants’ Matching Contribution Accounts, and all Discretionary Contributions, other than Enhancement Contributions, will be credited to the Participants’ Discretionary Contribution Accounts. All
credits and charges to all Participants’ Accounts shall be done in accordance with the policies and procedures of the EDCP Committee. All transfers to payments from and charges against an Account shall be charged against the Account as of the
Valuation Date on which the transaction occurs. The Accounts are bookkeeping accounts only, and the EDCP Committee is not in any way obligated to segregate assets for the benefit of any Participant. 
 6.2 Subaccounts. The EDCP Committee may divide any Account into such subaccounts as it deems necessary and desirable. 
 6.3 Hypothetical Investment Funds. The EDCP Investment Committee shall establish a series of hypothetical Investment Funds for use pursuant
to this Article Six. 
  

 20 

 6.4 Investment Direction. A Participant will direct the hypothetical investment of his
Deferral Contribution Account, Matching Contribution Account, and Discretionary Contribution Account among the Investment Funds in the manner (including, but not limited to, writing, electronic, internet, intranet, voice response or telephonic)
established by the EDCP Committee. The Participant’s Deferral Contribution Account, Matching Contribution Account and Discretionary Contribution Account shall not be invested in the Investment Funds, but the value of the Participant’s
Accounts shall be measured by the performance of the Investment Funds selected. Any and all changes to a Participant’s Investment Fund allocation shall be made in accordance with the uniform procedures of the EDCP Committee, which shall permit
changes in Investment Fund allocations on a quarterly or more frequent basis. Notwithstanding the foregoing provisions of this Section 6.4, the EDCP Investment Committee may retain the overriding discretion regarding the Participant’s
selection of Investment Funds under this Section 6.4. If a Participant fails to direct the hypothetical investment of his Accounts in the manner established by the EDCP Committee, the Participant will be deemed to have selected the default
hypothetical Investment Fund(s) selected by the EDCP Investment Committee for such purpose, in the discretion of the EDCP Committee and in accordance with its uniform policies and procedures. 
 6.5 Rate of Return. Participant Accounts shall be adjusted on each Valuation Date to reflect investment gains and losses as if the Accounts
were invested in the hypothetical Investment Funds selected by the Participants in accordance with Section 6.4 (Investment Direction) and charged with any and all reasonable expenses related to the administration of the Plan including, but not
limited to, the reasonable expenses of carrying out the hypothetical investment directions related to each Account. The earnings and losses allocated to any Account shall be allocated among the subaccounts of that Account in the same manner. The
earnings and losses determined by the EDCP Investment Committee in good faith and in its discretion pursuant to this Article Six shall be binding and conclusive on the Participant, the Participant’s Beneficiary and all parties claiming through
them. 
 6.6 Application to Beneficiaries. The provisions of this Article Six shall also apply to the Beneficiaries of a
deceased Participant. 
 6.7 EDCP Investment Committee. 
 (a) Membership. The EDCP Investment Committee shall be appointed by action of the HRC. The EDCP Investment Committee members shall serve
without compensation but shall be reimbursed for all expenses by the Company. The EDCP Investment Committee shall conduct itself in accordance with the provisions of this Section. The members of the EDCP Investment Committee may resign with thirty
(30) days notice in writing to the Company and may be removed immediately at any time by written notice from the HRC. The EDCP Investment Committee may have duties with respect to other plans of the Company that are similar or identical to its
duties under the Plan. 
 (b) Appointment of Agents. The EDCP Investment Committee may appoint such other agents, who need not
be members of the EDCP Investment Committee, as it may deem necessary for the effective performance of its duties, whether ministerial or discretionary, as the EDCP Investment Committee may deem expedient or appropriate. The compensation of any
agents who are not employees of the Company shall be fixed by the committee within any limitations set by the HRC. 
  

 21 

 (c) Majority Vote. On all matters, questions and decisions, the action of the EDCP
Investment Committee shall be determined by a majority vote of its members. They may meet informally or take any ordinary action without the necessity of meeting as a group. All instruments executed by the EDCP Investment Committee shall be executed
by a majority of its members or by any member of the EDCP Investment Committee designated to act on its behalf. 
 (d) Allocation of
Responsibilities. The EDCP Investment Committee may allocate responsibilities among its members or designate other persons to act on its behalf. Any allocation or designation, however, must be set forth in writing and must be retained in the
permanent records of the EDCP Investment Committee. 
 (e) Indemnification. The Company shall indemnify and hold harmless the
members of the EDCP Investment Committee against any and all claims, loss, damage, expense or liability arising from any action or failure to act with respect to this Plan on account of such member’s service on the EDCP Investment Committee,
except in the case of gross negligence or willful misconduct. 
 ARTICLE SEVEN 
 VESTING 
 7.1 Vesting of
Benefits. 
 (a) Deferral Contributions. Each Participant shall at all times have a fully vested interest in his
Deferral Contribution Account, and a Participant’s rights and interest therein shall not be forfeitable for any reason. 
 (b)
Matching Contributions. 
 (1) Full Vesting. Each Participant shall have a fully vested
interest in his Matching Contribution Account on and after the first to occur of the following events: 
 (A) The
Participant’s attainment of age 60; 
 (B) The Participant’s date of death; 
 (C) The Participant’s Disability; 
 (D) A Change of Control; 
 (E) Termination of the Plan; or 
 (F) The completion of five Years of Vesting Service. 
  

 22 

 (2) Vesting Schedule. If a Participant terminates service with an Employer
at a time when the Participant does not have a fully vested interest in his Matching Contribution Account, the Participant’s vested interest shall be determined in accordance with the applicable vesting schedule for matching contributions in
effect under the Savings and Retirement Plan. As of the Effective Date, this schedule is as follows: 
  

			
	 Completed Years of
 Vested Service
	  	Percentage Vested
	Less than 1	  	0%
	1 but less than 2	  	20%
	2 but less than 3	  	40%
	3 but less than 4	  	60%
	4 but less than 5	  	80%
	5 or more	  	100%

 (3) A Participant’s vested interest in his Matching Contribution
Account shall be determined as of the Valuation Date immediately preceding the first distribution to the Participant from his Matching Contribution Account following his termination of employment. Any portion of a Participant’s Accounts which
is not vested shall be forfeited in the first Deferral Period in which the Participant or his Beneficiary receives a distribution from this Plan under Article Eight. 
 (c) Discretionary Contributions. Except as provided by the Employer or EDCP Committee at the time a Discretionary Contribution is made or by Section 4.7, each Participant will vest in his
Discretionary Contribution Account in the same manner he vests in his Matching Contribution Account. A Participant’s vested interest in his Discretionary Contribution Account shall be determined as of the Valuation Date immediately preceding
the first distribution to the Participant from his Discretionary Contribution Account following his termination of employment. Any portion of a Participant’s Accounts which is not vested shall be forfeited in the first Deferral Period in which
the Participant receives a distribution from this Plan. 
 7.2 Changes in Vesting Schedule. In the event that an amendment to
this Plan or the Savings and Retirement Plan directly or indirectly changes the vesting provisions of Section 7.1 (Vesting of Benefits), the vested percentage for each Participant in his benefit accumulated to the date when the amendment is
adopted shall not be reduced as a result of the amendment. 
  

 23 

 ARTICLE EIGHT 
 PAYMENT OF BENEFITS 
 8.1 Time of Payment 
 (a) (1) Except as provided in Article Five and Section 8.7, no distributions will be made to a Participant prior to the
Participant’s death or Separation from Service. 
 (2) A Disabled Participant shall continue to participate in the
Plan until such time as the Participant has a Separation from Service or the Participant dies. 
 (3) Following the
Participant’s Separation from Service, distributions shall be made or commence within sixty (60) days following the end of the month in which the Participant’s Separation from Service occurs; provided, however, that, in the
case of a Participant who is a Specified Employee as of the date of such Participant’s Separation from Service, the distributions of such Participant’s Accounts shall be made or commence on the date which is six months after the date of
such Participant’s Separation from Service (or, if earlier, the date of such Participant’s death) in accordance with Section 409A(a)(2)(B)(i) of the Code and Treasury Regulation Section 1.409A-3(i)(2). If benefits are being paid
pursuant to this Plan following the death of a Participant, distributions will be made or commence as of the January 1 next following the date of the Participant’s death. 
 (b) If a Participant’s Accounts are to be distributed in the form of monthly installment payments, and such Participant is a Specified
Employee as of the date of such Participant’s Separation from Service, the monthly installment payments that otherwise would be made to such Participant prior to the date which is six months after the date of such Participant’s Separation
from Service (or, if earlier, the date of such Participant’s death) shall be accumulated such Participant’s Accounts and paid commencing on such date in accordance with Section 409A(a)(2)(B)(i) of the Code and Treasury Regulation
Section 1.409A-3(i)(2), as adjusted to reflect the rate of return on the hypothetical Investment Funds selected by the Participant in accordance with Section 6.4. Such Participant’s Accounts shall be distributed in installment
payments, commencing on the date which is six months after the date of such Participant’s Separation from Service (or, if earlier, the date of such Participant’s death), over the installment payment period designated under the Separation
from Service Election for such Participant’s Accounts. 
 8.2 Method of Payments. 
 (a) Payments. 
 (1) A Participant may elect to receive distributions from his Accounts in either a cash lump sum, or in monthly cash installment payments over a period certain not exceeding 15 years. A Participant’s
distribution election form will only be respected if the method of payment has been elected by the Participant in his initial Participation Agreement or in any revised Participation Agreement that was in effect under Section 3.3. If the
Participant has not made a valid distribution election, the Participant’s Accounts will be distributed in one lump sum. 
  

 24 

 (2) Upon a Participant’s death, payments shall be made to his Beneficiary in
accordance with the Participant’s distribution election under subsection (a)(1) above. If payments to the Participant have already commenced at the time of his death, payments will continue to the Beneficiary in the same manner. 
 (3) Except as provided in Sections 5.1, 8.7 and 8.8, a Participant’s distribution elections as of August 3, 2007 are
irrevocable and cannot be amended. 
 (b) Installment Payments. 
 (1) In the event a Participant and elects distribution in the form of
installment payments, the amount of each monthly installment in any calendar year for the distribution of the subaccounts in a Participant’s Accounts shall be calculated as follows. The amount of the monthly installment shall be determined
before the first installment is paid and on each January 1st in all subsequent calendar years. The amount of each monthly installment for such
calendar year shall be determined by dividing: (A) the number of remaining monthly installments into (B) the Participant’s vested balance in the subaccounts in the Participant’s Accounts for such Deferral Period, determined as of
the last Valuation Date of the prior month. A Participant’s last installment payment shall be adjusted as needed to reflect investment gains or losses. If the total of the vested balance in the Participant’s Accounts (and the vested
balances in the Participant’s accounts in all other agreements, methods, programs or other arrangements with respect to which deferrals of compensation are treated as having been deferred under a single nonqualified deferred compensation plan
under Treasury Regulation Section 1.409A-1(c)(2)), determined as of any date that is on or after January 1, 2008 and on or after monthly installment payments commence, is not greater than the applicable dollar amount under
Section 402(g)(1)(B) of the Code, such vested balance in the Participant’s Accounts (and the vested balances in such other agreements, methods, programs and arrangements) shall be paid to the Participant in a lump sum payment not later
than sixty (60) days after such date in accordance with Treasury Regulation Section 1.409A-3(j)(4)(v). 
 (2) If installment payments are made, the provisions of Sections 6.3, 6.4 and 6.5 will continue to apply to the unpaid balance. 
 (c) Special Rule for Certain EDCP Transfers. 
 (1) Existing
Participants. Notwithstanding subsection (a), an individual who is already a Participant who made a valid election pursuant to Section 4.5(b) may, at the time of such election, submit a new distribution election form. This distribution
election form will become effective as of January 1, 2002 unless the Participant’s employment with the Company and all Affiliates terminates after the distribution form election is submitted and before January 1, 2002, due to
(A) the Participant’s death; (B) the Participant’s Disability or (C) action taken by the Company or the Participant’s Employer. If any of these events occurs, the Participant’s distribution election form will be
respected in 2001. If the Participant voluntarily terminates employment or retires before January 1, 2002, then the new distribution election form 

  

 25 

 
will not take effect, and the distribution will be determined by the Participant’s previous valid distribution election form, if any. If none, the
distribution will be made in a lump sum. The EDCP Committee will, in its sole discretion, determine if any Participant’s employment terminates due to action taken by the Company or an Employer. For purposes of this subsection, a Participant who
is receiving salary continuation payments from an Employer will be deemed to be employed. 
 No new distribution elections
shall be made under this subsection (c)(1) after January 1, 2002. 
 (2) New Participants. An individual
who makes a valid election pursuant to Section 4.5(b) and thereby becomes a Participant will submit an initial distribution election form that will be effective as of the date it is made. 
 No new distribution elections shall be made under this subsection (c)(2) after January 1, 2002. 
 8.3 Beneficiary Designations. 
 (a) General. In the event of the death of the Participant, the Participant’s vested interest in his Accounts shall be paid to the Participant’s Beneficiary as described in Section 8.1(a)(2). Each Participant
shall have the right to designate, in the manner specified by the EDCP Committee, a Beneficiary or Beneficiaries to receive his benefits hereunder in the event of the Participant’s death. 
 (b) Spousal Consent Requirements. If the Participant is married at the time the Beneficiary designation is filed, the Participant must
designate his spouse as the Beneficiary of at least 50% of the Participant’s Account or provide the spouse’s consent to the designation of a Beneficiary other than the spouse. If a Participant marries or divorces after a Beneficiary
designation is filed, the designation will no longer be effective. 
 (c) Revised Designations. Subject to the spousal consent
requirements noted above, each Participant may change his Beneficiary designation from time to time in the manner described above. Upon receipt of such designation by the EDCP Committee, such designation or change of designation shall become
effective as of the date of the notice, whether or not the Participant is living at the time the notice is received. There shall be no liability on the part of the Employer, the EDCP Committee or the Trustee with respect to any payment authorized by
the EDCP Committee in accordance with the most recent Beneficiary designation of the Participant in the possession of the EDCP Committee before the EDCP Committee receives a more recent Beneficiary designation. 
 (d) Deemed Beneficiary Designations. If no designated Beneficiary is living when benefits become payable, or if there is no designated
Beneficiary, the Beneficiary shall be the Participant’s spouse. If there is no living spouse, the Beneficiary shall be the Participant’s estate. If the designated Beneficiary dies after the payment of benefits begin, then the Beneficiary
for the remainder of the benefits payable shall be the estate of the Beneficiary. 
  

 26 

 8.4 Prohibition on Acceleration of Distributions. The time or schedule of payment of any
withdrawal or distribution under the Plan shall not be subject to acceleration, except as provided under Treasury Regulations promulgated in accordance with Section 409A(a)(3) of the Code, or as provided in Sections 8.7 and 8.8 in accordance
with the transitional relief under Internal Revenue Service Notice 2005-1 Q/A-19(c), the Proposed Regulations under Section 409A of the Code and Internal Revenue Service Notice 2006-79. 
 8.5 Withholding and Payroll Taxes. The Employer shall withhold from Plan payments any taxes required to be withheld from such payments
under federal, state or local law. Any withholding of taxes or other amounts required by federal, state or local law with respect to amounts credited to Participant Accounts including, but not limited to, tax due under the Federal Insurance
Contributions Act, shall be withheld, to the maximum extent possible, from the portion of the Participant’s Salary or Bonus that is not contributed to this Plan. Any withholding amounts that cannot be withheld in accordance with the preceding
sentence shall be withheld from the Participant’s Deferral Contributions. 
 8.6 [Reserved] 
 8.7 Special Lump Sum Distribution. 
 (a) Subject to Section 8.9, a Participant, or a Beneficiary of a deceased Participant, may elect to receive a special lump sum distribution from such Participant’s or Beneficiary’s Accounts on June 1, 2008 (or
within thirty (30) days thereafter) in accordance with this Section 8.7. A Participant’s or Beneficiary’s special lump sum distribution shall be made only from the Accounts in which such Participant or Beneficiary has a fully
vested interest, determined as of the last day of the Special Distribution Election Period. The special lump sum distribution shall be in the amount equal to the Participant’s or Beneficiary’s designated percentage of the
Participant’s or Beneficiary’s interest in such Accounts, and such designated percentage of the Account shall be credited to a special subaccount of such Account. Such special lump sum distribution shall be made proportionately from such
Participant’s or Beneficiary’s Accounts (and the subaccounts thereunder) and shall apply only to amounts that would not otherwise be payable before January 1, 2008. 
 (b) A Participant, or a Beneficiary of a deceased Participant, shall elect to receive a special lump sum distribution under subsection (a) by
completing and delivering a Special Lump Sum Distribution Agreement in accordance with the rules and procedures adopted by the EDCP Committee for such purpose. Such Participant or Beneficiary shall designate the whole percentage (up to a maximum of
100%) of such Participant’s or Beneficiary’s interest in his or her Accounts to be distributed in such special lump sum distribution. Such Participant or Beneficiary must complete and deliver such Special Lump Sum Distribution Agreement
not later than the last day of the Special Distribution Election Period, and such Participant’s or Beneficiary’s Special Lump Sum Distribution Agreement shall become irrevocable as of the last day of the Special Distribution Election
Period. Such special lump sum distribution election shall supersede such Participant’s prior distribution election with respect to the portion of such Participant’s Accounts subject to such special lump sum distribution election, except as
provided in Section 8.9. 
  

 27 

 (c) Special distribution elections under this Section 8.7 shall be subject to such
administrative rules, procedures and restrictions as are prescribed by the EDCP Committee in its discretion. No election may be made under this Section 8.7 after the last day of the Special Distribution Election Period. 
 8.8 Special Distribution Elections. 
 (a) Subject to Section 8.9, a Participant may elect in accordance with this Section 8.8 to make a special Separation from Service Election, or a special Distribution Year Election, with respect to any Deferral Period ending
on or before December 31, 2007. Such special Separation from Service Election or special Distribution Year Election shall apply to the portion of the Participant’s Accounts attributable to compensation amounts deferred during such Deferral
Period. 
 (1) Special Separation from Service Elections. A special Separation from Service Election under this
Section 8.8 with respect to a Deferral Period shall provide for the distribution of the subaccounts of such Participant’s Accounts for such Deferral Period upon such Participant’s Separation from Service and shall be in a form of
distribution selected by the Participant in such Participant’s Special Distribution Election Agreement. Such Participant may select distribution in the form of a lump sum payment, or monthly installment payments over a period of years. If such
Participant selects distribution in the form of monthly installment payments, such Participant shall designate the period of years (which shall be not less than one and not more than fifteen (15)) over which such monthly installment payments
shall be made; provided, however, that such installment period shall not extend beyond fifteen (15) years following such Participant’s Separation from Service. If such Participant makes a special Separation from Service
Election under this Section 8.8 and fails to select a form of distribution for purposes of distributions from the subaccounts of such Participant’s Accounts for a Deferral Period, such distributions shall be made in a lump sum payment. A
Participant may not change his or her special Separation from Service Election under this Section 8.8 with respect to a Deferral Period, or the form of distribution of the subaccounts of such Participant’s Accounts for such Deferral
Period. 
 (2) Special Distribution Year Elections. A special Distribution Year Election under this
Section 8.8 with respect to a Deferral Period shall provide for the distribution of the subaccounts of such Participant’s Accounts for such Deferral Period upon the earlier of the first day of the Distribution Year (as selected by the
Participant), or the Participant’s Separation from Service. Such Participant shall select the Distribution Year for purposes of distributions from the subaccounts of such Participant’s Accounts for such Deferral Period. The Distribution
Year shall be not earlier than the 2009 calendar year, and shall not be later than the 2027 calendar year. The distribution of the subaccounts of such Participant’s Accounts for such Deferral Period shall be made in a lump sum payment. A
Participant may not change such Participant’s special Distribution Year Election with respect to a Deferral Period. 
  

 28 

 (3) Separate Elections. A Participant may make a separate special
Separation of Service Election or special Distribution Year Election with respect to each Deferral Period. 
 (4) Time
of Payment. 
 (A) A Participant’s Accounts shall be distributed in accordance with the special Separation
from Service Election or special Distribution Year Election for the subaccounts of such Participant’s Accounts for each Deferral Period. 
 (B) The distributions from the subaccounts of a Participant’s Accounts for a Deferral Period shall be made or commence upon the earliest of: 
 (I) the first day of the Distribution Year (if any) selected by such Participant (in the case of subaccounts subject to such
Participant’s Distribution Year Election), or 
 (II) the Participant’s Separation from Service; or

 (III) the Participant’s death; 
 provided, however, that, in the case of a Participant who is a Specified Employee as of the date of such Participant’s Separation from Service, the distributions of the subaccounts of such
Participant’s Accounts for such Deferral Period upon such Participant’s Separation from Service shall be made or commence on the date which is six months after the date of such Participant’s Separation from Service (or, if earlier,
the date of such Participant’s death) in accordance with Section 409A(a)(2)(B)(i) of the Code and the Treasury Regulation Section 1.409A-3(i)(2). 
 (C) If the subaccounts of a Participant’s Accounts for any Deferral Period are to be distributed in the form of monthly
installment payments, and such Participant is a Specified Employee as of the date of such Participant’s Separation from Service, the monthly installment payments that otherwise would be made to such Participant prior to the date which is six
months after the date of such Participant’s Separation from Service (or, if earlier, the date of such Participant’s death) shall be accumulated in the subaccounts of such Participant’s Accounts for such Deferral Period and paid
commencing on such date in accordance with Section 409A(a)(2)(B)(i) of the Code and Treasury Regulation Section 1.409A-3(i)(2), as adjusted to reflect the rate of return on the hypothetical Investment Funds selected by the Participant in
accordance with Section 6.4. The subaccounts of such Participant’s Accounts for such Deferral Period shall be distributed in installment payments, commencing on the date which is six months after the date of such Participant’s
Separation from Service (or, if earlier, the date of such Participant’s death), over the installment payment period designated under the Separation from Service Election for the subaccounts of such Participant’s Accounts for the Deferral
Period. 
  

 29 

 (5) Form of Payments. 
 (A) Separation from Service Election Payments. In the event a Participant made a special Separation from Service Election
with respect to a Deferral Period, the distribution from the subaccounts in such Participant’s Accounts for such Deferral Period shall be made in a lump sum payment, or in monthly installment payments, in accordance with Section 8.8(a)(1).

 (B) Distribution Year Election Payment. In the event a Participant made a special Distribution Year Election
with respect to a Deferral Period, the distribution from the subaccounts in such Participant’s Accounts for such Deferral Period shall be made to such Participant in a lump sum payment. Such lump sum payment shall be made not later than sixty
(60) days after the date determined under Section 8.8(a)(4). 
 (6) Definition of Distribution Year.
For purposes of this Section 8.8, “Distribution Year” means the calendar year selected by a Participant for purposes of distributions from the subaccounts of such Participant’s Accounts for a Deferral Period. 
 (7) Installment Payments. 
 (A) In the event a Participant makes a special Separation from Service
Election, and elects distribution in the form of installment payments, the amount of each monthly installment in any calendar year for the distribution of the subaccounts in a Participant’s Accounts for a Deferral Period shall be calculated as
follows. The amount of the monthly installment shall be determined before the first installment is paid and on each January 1st in all subsequent
calendar year. The amount of each monthly installment for such calendar year shall be determined by dividing: (A) the number of remaining monthly installments into (B) the Participant’s vested balance in the subaccounts in the
Participant’s Accounts for such Deferral Period, determined as of the last Valuation Date of the prior month. A Participant’s last installment payment shall be adjusted as needed to reflect investment gains or losses. If the total of the
vested balance in the Participant’s Accounts (and the vested balances in the Participant’s accounts in all other agreements, methods, programs or other arrangements with respect to which deferrals of compensation are treated as having been
deferred under a single nonqualified deferred compensation plan under Treasury Regulation Section 1.409A-1(c)(2)), determined as of any date that is on or after January 1, 2008 and on or after monthly installment payments commence, is not
greater than the applicable dollar amount under Section 402(g)(1)(B) of the Code, such vested balance in the Participant’s Accounts (and the vested balances in such other agreements, methods, programs and arrangements) shall be paid to the
Participant in a lump sum payment not later than sixty (60) days after such date in accordance with Treasury Regulation Section 1.409A-3(j)(4)(v). 
 (B) If installment payments are made, the provisions of Sections 6.3, 6.4 and 6.5 shall continue to apply to the unpaid interest
in the relevant subaccounts. 
  

 30 

 (b) If a Participant elects to make a special Separation from Service Election, or a special
Distribution Year Election, with respect to a Deferral Period under this Section 8.8, such special Separation from Service Election or special Distribution Year Election shall apply to the subaccounts of such Participant’s Accounts for
such Deferral Period and shall apply only to amounts that would not otherwise be payable before January 1, 2008 or payable in accordance with a special lump sum distribution election under Section 8.7. 
 (c) A Participant shall make a special Separation from Service Election or a special Distribution Year Election, with respect to a Deferral Period
under subsection (a) by completing and delivering a Special Distribution Election Agreement in accordance with rules and procedures adopted by the EDCP Committee for such purpose. Such Participant must complete and deliver such Special
Distribution Election Agreement not later than the last day of the Special Distribution Election Period, and such Participant’s Special Distribution Election Agreement shall become irrevocable as of the last day of the Special Distribution
Election Period. Such special Separation from Service Election, or special Distribution Year Election, shall supersede such Participant’s prior distribution election with respect to the portion of such Participant’s Accounts subject to
such special Separation from Service Election or special Distribution Year Election, except as provided in Section 8.9. 
 (d)
Special Separation from Service Elections and special Distribution Year Elections under this Section 8.8 shall be subject to such administrative rules, procedures and restrictions as are prescribed by the EDCP Committee in its discretion.
No election may be made under this Section 8.8 after the last day of the Special Distribution Election Period. 
 8.9 Compliance
with Section 409A of the Code. 
 (a) The Plan shall be interpreted, construed and administered in a manner that satisfies
the requirements of Sections 409A(a)(2), (3) and (4) of the Code and the Treasury Regulations thereunder (subject to the transitional relief under Internal Revenue Service Notice 2005-1, the Proposed Regulations under Section 409A of
the Code and other applicable authority issued by the Internal Revenue Service). 
 (b) As provided in Internal Revenue Notice
2006-79, notwithstanding any other provision of the Plan, with respect to an election or amendment to change a time and form of payment under the Plan made on or after January 1, 2007 and on or before December 31, 2007, the election or
amendment shall apply only to amounts that would not otherwise be payable in 2007 and shall not cause an amount to be paid in 2007 that would not otherwise be payable in 2007. 
 ARTICLE NINE 
 ADMINISTRATION OF THE PLAN 
 9.1 Adoption of Trust. The Company shall enter into a Trust Agreement with the Trustee, which Trust Agreement shall form a part of this
Plan and is hereby incorporated herein by reference. 
  

 31 

 9.2 Powers of the EDCP Committee. 
 (a) Named Fiduciary. The EDCP Committee is the named fiduciary with respect to the administration of the Plan. 
 (b) General Powers Of The EDCP Committee. The EDCP Committee shall have the power and discretion to perform the administrative duties
described in this Plan or required for proper administration of the Plan and shall have all powers necessary to enable it to properly carry out such duties. Without limiting the generality of the foregoing, the EDCP Committee shall have the power
and discretion to construe and interpret this Plan, to hear and resolve claims relating to this Plan, and to decide all questions and disputes arising under this Plan. The EDCP Committee shall determine, in its discretion, the service credited to
the Participants, the status and rights of a Participant, and the identity of the Beneficiary or Beneficiaries entitled to receive any benefits payable hereunder on account of the death of a Participant. The decision or action of the EDCP Committee
in respect of any question arising under or in connection with the Plan and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having an interest in the Plan. 
 (c) Distributions. Except as is otherwise provided hereunder, the EDCP Committee shall determine the manner and time of payment of benefits
under this Plan. All benefit disbursements by the Trustee shall be made upon the instructions of the EDCP Committee. 
 (d) Decisions
Conclusive. The decision of the EDCP Committee upon all matters within the scope of its authority shall be binding and conclusive upon all persons. 
 (e) Reporting. The EDCP Committee shall file all reports and forms lawfully required to be filed by the EDCP Committee and shall distribute any forms, reports or statements to be distributed to
Participants and others. 
 (f) Trust Fund. The EDCP Committee shall keep itself advised with respect to the funded status and
investment of the Trust Fund. 
 9.3 Creation of Committee. The EDCP Committee shall be appointed by the Chief Executive
Officer of the Company. The EDCP Committee must consist of at least three members. The EDCP Committee members shall serve without compensation but shall be reimbursed for all expenses by the Company. The EDCP Committee shall conduct itself in
accordance with the provisions of this Article Nine. The members of the EDCP Committee may resign with thirty (30) days notice in writing to the Company and may be removed immediately at any time by written notice from the Company. The EDCP
Committee may have duties with respect to other plans of the Company that are or identical to its duties under the Plan. 
 9.4
Appointment of Agents. The EDCP Committee may appoint such other agents, who need not be members of the EDCP Committee, as it may deem necessary for the effective performance of its duties, whether ministerial or discretionary, as the
EDCP Committee may deem expedient or appropriate. The compensation of any agents who are not employees of the Company shall be fixed by the committee within any limitations set by the HRC. 
  

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 9.5 Majority Vote and Execution of Instruments. In all matters, questions and decisions,
the action of the EDCP Committee shall be determined by a majority vote of its members. They may meet informally or take any ordinary action without the necessity of meeting as a group. All instruments executed by the EDCP Committee shall be
executed by a majority of its members or by any member of the EDCP Committee designated to act on its behalf. 
 9.6 Allocation of
Responsibilities. The EDCP Committee may allocate responsibilities among its members or designate other persons to act on its behalf. Any allocation or designation, however, must be set forth in writing and must be retained in the permanent
records of the EDCP Committee. 
 9.7 Conflict of Interest. No member of the EDCP Committee who is a Participant shall take any
part in any action in connection with his participation as an individual. Such action shall be voted or decided by the remaining members of the EDCP Committee. 
 9.8 Indemnification. The Company shall indemnify and hold harmless the members of the EDCP Committee against any and all claims, loss, damage, expense or liability arising from any action or failure to
act with respect to this Plan on account of such member’s service on the EDCP Committee, except in the case of gross negligence or willful misconduct. 
 9.9 Action taken by Employer. Any action to be taken by an Employer shall be taken by resolution adopted by its board of directors or appropriate board committee; provided, however, that by resolution,
the board of directors or appropriate board committee may delegate to any committee of the board or any officer of the Employer the authority to take any actions under this Plan, other than the power to determine the basis of Employer contributions.

 9.10 Fiduciary Authority. All delegations of fiduciary responsibility set forth in this document regarding the determination
of benefits and the interpretation of the terms of the Plan confer discretionary authority upon the named fiduciary. 
 9.11
Participant Statements. The EDCP Committee shall provide a statement of Plan Accounts to each Participant and Beneficiary on a quarterly or more frequent basis, as determined by the EDCP Committee in its discretion. Such statement of Plan
Accounts shall reflect the amounts allocated to each Account maintained for the Participant, the Participant’s vested interest in his Accounts, any distributions, withdrawals or expenses charged against the Participant’s Account, the
hypothetical investment earnings and losses on the Participant’s Account, and any other information deemed appropriate by the EDCP Committee. 
 ARTICLE TEN 
 CLAIM REVIEW PROCEDURE 
 10.1 General. In the event that a Participant or Beneficiary (the “claimant”) is denied a claim for benefits under this Plan, the
EDCP Committee shall provide to the claimant written notice of the denial which shall set forth: 
 (a) The specific reason or reasons
for the denial; 
  

 33 

 (b) Specific references to pertinent Plan provisions on which the EDCP Committee based its denial;

 (c) A description of any additional material or information needed for the claimant to perfect the claim and an explanation of why
the material or information is needed; 
 (d) A statement that the claimant may: 
 (1) Request a review upon written application to the EDCP Committee; 
 (2) Review pertinent Plan documents; and 
 (3) Submit issues and comments in writing; and 
 (e) That any appeal the claimant wishes to make of the adverse determination must be in writing to the EDCP Committee within 60 days after receipt of the EDCP Committee’s notice of denial of benefits. The
EDCP Committee’s notice must further advise the claimant that his failure to appeal the action to the EDCP Committee in writing within the 60 day period will render the EDCP Committee’s determination final, binding, and conclusive.

 10.2 Appeals. 
 (a) If the claimant should appeal to the EDCP Committee, he, or his duly authorized representative, may submit, in writing, whatever issues and comments he, or his duly authorized representative, feels are pertinent. The EDCP
Committee shall re-examine all facts related to the appeal and make a final determination as to whether the denial of benefits is justified under the circumstances. The EDCP Committee shall advise the claimant in writing of its decision on his
appeal, the specific reasons for the decision, and the specific Plan provisions on which the decision is based. The notice of the decision shall be given within 60 days of the claimant’s written request for review, unless special circumstances
(such as a hearing) would make the rendering of a decision within the 60 day period infeasible, but in no event shall the EDCP Committee render a decision regarding the denial of a claim for benefits later than 120 days after its receipt of a
request for review. If an extension of time for review is required because of special circumstances, written notice of the extension shall be furnished to the claimant prior to the date the extension period commences. 
 (b) If, upon appeal, the EDCP Committee shall grant the relief requested by the claimant, then, in addition, the EDCP Committee shall award to the
claimant reasonable fees and expenses of counsel, or any other duly authorized representative of claimant, which shall be paid by the Company. The determination as to whether such fees and expenses are reasonable shall be made by the Company in its
sole and absolute discretion and such determination shall be binding and conclusive on all parties. 
 10.3 Notice of Denials.
The EDCP Committee’s notice of denial of benefits shall identify the address to which the claimant may forward his appeal. 
  

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 ARTICLE ELEVEN 
 LIMITATION ON ASSIGNMENT; PAYMENTS TO LEGALLY 
 INCOMPETENT DISTRIBUTEE

 11.1 Anti-Alienation Clause. No benefit which shall be payable under the Plan to any person shall be subject in any
manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber, charge or otherwise dispose of the same shall be void. No benefit shall
in any manner be subject to the debts, contracts, liabilities, engagements or torts of any person, nor shall it be subject to attachment or legal process for or against any person, except to the extent as may be required by law. The benefits
provided by this Plan are not subject to the qualified domestic relations order provisions of ERISA or the Code. 
 11.2 Permitted
Arrangements. Section 11.1 (Anti-Alienation Clause) shall not preclude arrangements for the withholding of taxes from benefit payments, arrangements for the recovery of benefit overpayments, arrangements for the transfer of benefit
rights to another plan, or arrangements for direct deposit of benefit payments to an account in a bank, savings and loan association or credit union (provided that such arrangement is not part of an arrangement constituting an assignment or
alienation). 
 11.3 Payment to Minor or Incompetent. Whenever any benefit which shall be payable under the Plan is to be paid
to or for the benefit of any person who is then a minor or determined by the EDCP Committee to be incompetent, the EDCP Committee need not require the appointment of a guardian or custodian, but shall be authorized to cause the same to be paid over
to the person having custody of the minor or incompetent, or to cause the same to be paid to the minor or incompetent without the intervention of a guardian or custodian, or to cause the same to be paid to a legal guardian or custodian of the minor
or incompetent if one has been appointed or to cause the same to be used for the benefit of the minor or incompetent. 
 ARTICLE TWELVE

 AMENDMENT, MERGER AND TERMINATION 
 12.1 Amendment. 
 (a) The Company shall have the right at any time, by an instrument in
writing duly executed, acknowledged and delivered to the EDCP Committee, to modify, alter or amend this Plan, in whole or in part, prospectively or retroactively (including, without limitation, to comply with Sections 409A(a)(2), (3) and
(4) of the Code and the Treasury Regulations and applicable guidance thereunder). Additionally, the EDCP Committee shall also have the right to modify, alter or amend the Plan by written instrument provided that such amendment does not have a
material adverse financial effect on the Company or the Plan. No amendment shall substantially increase the duties and liabilities of the EDCP Committee and the Trustee hereunder without its written consent. No amendment shall reduce any
Participant’s vested interest in the Plan, calculated as of the date on which the amendment is adopted. 
 (b) Any Affiliate or
other entity adopting this Plan hereby delegates the authority to amend the Plan to the Company and the EDCP Committee. If the Plan is amended 

  

 35 

 
after it is adopted by an Affiliate, unless otherwise expressly provided, it shall be treated as so amended by such Affiliate without the necessity of any
action on the part of the Affiliate. An Affiliate or other entity that has adopted this Plan may terminate its future participation in the Plan at any time. 
 12.2 Merger or Consolidation of Company. The Plan shall not be automatically terminated by the Company’s acquisition by or merger into any other employer, but the Plan shall be continued after such
acquisition or merger if the successor employer elects and agrees to continue the Plan. Except as provided in Section 12.4 (Continuation of Plan following Change of Control), all rights to amend, modify, suspend, or terminate the Plan shall be
transferred to the successor employer, effective as of the date of the merger. 
 12.3 Termination of Plan or Discontinuance of
Contributions. It is the expectation of the Company that this Plan and the payment of contributions hereunder will be continued indefinitely. However, continuance of the Plan is not assumed as a contractual obligation of the Company. Except
as provided in Section 12.4 (Continuation of Plan following Change of Control), the Company reserves the right at any time to terminate this Plan or to reduce, temporarily suspend or discontinue contributions hereunder. If this Plan is
terminated, all Plan benefits shall be distributed in accordance with Article Eight and the distribution elections of the Participant’s following the termination of the Plan. 
 12.4 Continuation of Plan following a Change of Control. Notwithstanding any provision of this Plan to the contrary, if a Change of Control
occurs following the Effective Date of this Plan, a successor employer shall have the power to (a) terminate this Plan, (b) amend Section 13.5 (Funding upon a Change of Control) of the Plan, or (c) amend any provision of the Plan
that affects a Participant’s entitlement to or the timing of a distribution from the Plan, only if 80% of the individuals who are Participants in the Plan as of the date of the Change of Control consent to such an amendment or termination. The
provisions of this Section 12.4 shall not limit a successor employer’s authority to take other actions with respect to the Plan, including the authority to discontinue contributions to the Plan. 
 12.5 Limitation of Company’s Liability. The adoption of this Plan is strictly a voluntary undertaking on the part of the Company and
shall not be deemed to constitute a contract between the Company and any employee or Participant or to be consideration for, an inducement to, or a condition of the employment of any employee. A Participant, employee, or Beneficiary shall not have
any right to retirement or other benefits except to the extent provided herein. 
 12.6 Limitation on Distributions. To
the extent that any payment to be made to a Participant under this Plan during a taxable year of such Participant’s Employer, when combined with all other payments received or to be received during such taxable year of the Participant’s
Employer that are subject to the limitation on deductibility under Section 162(m) of the Code, would exceed the limitation on deductibility under Section 162(m) of the Code, such payment under the Plan shall be delayed in accordance with
Treasury Regulation Section 1.409A-2(b)(7)(i) to such Participant’s Separation from Service (or, in the case of a Participant who is a Specified Employee as of the date of such Participant’s Separation from Service, the date which is
six months after the date of such Participant’s Separation from Service (or, if earlier, the date 

  

 36 

 
of such Participant’s death) in accordance with Section 409A(a)(2)(B)(i) of the Code and the Treasury Regulation Section 1.409A-3(i)(2) and
shall be paid in accordance with Treasury Regulation Section 1.409A-2(b)(7)(i). Any payment that is deferred in accordance with this Section 12.6 shall be credited with hypothetical investment earnings and losses in accordance with Article
Six (Crediting of Contributions and Income). 
 ARTICLE THIRTEEN 
 GENERAL PROVISIONS 
 13.1 Limitation of Rights. Neither
this Plan, the Trust nor membership in the Plan shall give any employee or other person any right except to the extent that the right is specifically fixed under the terms of the Plan. The establishment of the Plan shall not be construed to give any
individual a right to be continued in the service of a Employer or as interfering with the right of a Employer to terminate the service of any individual at any time. 
 13.2 Construction. The masculine gender, where appearing in the Plan, shall include the feminine gender (and vice versa), and the singular shall include the plural, unless the context clearly indicates
to the contrary. Headings and subheadings are for the purpose of reference only and are not to be considered in the construction of this Plan. If any provision of this Plan is determined to be for any reason invalid or unenforceable, the remaining
provisions shall continue in full force and effect. All of the provisions of this Plan shall be construed and enforced in accordance with the laws of the State of Delaware. 
 13.3 Status of Participants as Unsecured Creditors. All benefits under the Plan shall be the unsecured obligations of the Company and each
Employer, as applicable, and, except for those assets which will be placed in the Trust established in connection with this Plan, no assets will be placed in trust or otherwise segregated from the general assets of the Company or each Employer, as
applicable, for the payment of obligations hereunder. To the extent that any person acquires a right to receive payments hereunder, such right shall be no greater than the right of any unsecured general creditor of the Company and each Employer, as
applicable. 
 13.4 Status of Trust Fund. The Trust Fund is being established to assist the Company and the Employers in
meeting their obligations to the Participants and to provide the Participants with a measure of protection in certain limited instances. In certain circumstances described in the Trust Agreement, the assets of the Trust Fund may be used for the
benefit of the Company’s or an Affiliate’s creditors and, as a result, the Trust Fund is considered to be part of the Company’s and Employer’s general assets. Benefit payments due under this Plan shall either be paid from the
Trust Fund or from the Company’s or Affiliate’s general assets as directed by the EDCP Committee. Despite the establishment of the Trust Fund, it is intended that the Plan be considered to be “unfunded” for purposes of the ERISA
and the Code. 
 13.5 Funding upon a Change of Control. Immediately before the occurrence of a Change of Control, the Company
shall determine whether, for any reason, the assets of the Trust Fund are less than the aggregate Account balances of all Participants (determined without regard to the vested interest of each Participant) and transfer an amount equal to the
deficiency to the Trustee of the Trust. If it is discovered at any time that the amount initially transferred is less than the total amount called for by the preceding sentence, the shortfall, including any accrued interest on the shortfall, shall
be transferred to the Trustee immediately upon the discovery of such error. 
  

 37 

 13.6 Uniform Administration. Whenever in the administration of the Plan any action is
required by the EDCP Committee, such action shall be uniform in nature as applied to all persons similarly situated, except as otherwise provided to the contrary in this Plan document or the Trust Agreement. 
 13.7 Heirs and Successors. All of the provisions of this Plan shall be binding upon all persons who shall be entitled to any benefits
hereunder, and their heirs and legal representatives. 
 13.8 Electronic Administration. The EDCP Committee shall have the
authority to employ alternative means (including, but not limited to, electronic, internet, intranet, voice response or telephonic) by which Participants may submit participation elections, directions, and forms required for participation in, and
the administration of, this Plan. If the EDCP Committee chooses to use these alternative means, any elections, directions or forms submitted in accordance with the rules and procedures promulgated by the EDCP Committee will be deemed to satisfy any
provision of this Plan calling for the submission of a written election, direction or form. 
 * * * * 
 To signify its adoption of this Amendment and Restatement of the Harrah’s Entertainment, Inc. Executive Supplemental Savings Plan, the Company has
caused this Plan document to be executed by a duly authorized officer of the Company as of August 3, 2007. 
  

			
	HARRAH’S ENTERTAINMENT, INC.
		
	By:	 	 /S/ Mary Thomas

	Name:	 	Mary Thomas
	Title:	 	Senior Vice President, Human Resources

  

 38

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