Document:

Exhibit
10.1

AMENDMENT NO. 2 TO

EMPLOYMENT AGREEMENT

This
Amendment No. 2 to Employment Agreement (this “Amendment”) is made and entered
into effective as of September 14, 2006, by and between Seneca Gaming
Corporation (the “Parent”), a governmental instrumentality of the Seneca Nation
of Indians of New York, and Barry W. Brandon (“Executive”).  Capitalized terms not defined herein shall
have the meanings ascribed to such terms in the Employment Agreement made and
entered into as of July 13, 2004, by and between the Parent and Executive, as
amended by Amendment No. 1 to Employment Agreement effective as of
October 1, 2005 (the Employment Agreement as amended by Amendment
No. 1 to Employment Agreement is referred to as the “Agreement”).

WHEREAS, the Board of Directors
of the Parent has adopted resolutions expressing its desire to amend Executive’s
Agreement (a) to extend the term of the Agreement until September 30,
2009, (b) to increase the Executive’s Base Compensation for the fiscal
year ending September 30, 2007 and to provide for a minimum amount with
respect to the Executive’s Base Compensation for the fiscal years ending
September 30, 2008 and September 30, 2009, it being understood that
the Parent and Executive will negotiate in good faith the Executive’s Base
Compensation for each of the fiscal years ending in 2008 and 2009 prior to the
end of the immediately preceding fiscal year and that Executive’s Base
Compensation for such fiscal years may exceed (but will not be less than) the
minimum amount provided below, and (c) to provide for certain additional
amendments.

WHEREAS, pursuant to
such resolutions, the Parent and Executive have agreed to amend the Agreement
as set forth herein.

NOW, THEREFORE, in consideration of the above premises and other
good and valuable consideration, receipt of which is hereby acknowledged, the
Parent and Executive agree as follows:

1.             Sections 2 and 3(a) of the
Agreement are hereby amended in their entirety to read as set forth below and
Section 3(i) is hereby added to read as set forth below:

“2.           Term.  The term of this Agreement shall commence on
August 1, 2004 (the “Commencement Date”) and terminate on
September 30, 2009 (the “Termination Date”), unless renewed by a
subsequent written agreement of the parties.”

“3.           Compensation.

(a)                                  Executive
shall be paid “Base Compensation” of a minimum annual base salary of Three
Hundred Seventy-Five Thousand Dollars ($375,000) for the period commencing
August 1, 2004 and ending with the Employer’s fiscal year ending September 30,
2005; an annual salary of Seven Hundred Thousand Dollars ($700,000) for the
Employer’s fiscal year ending September 30, 2006; an annual salary of Seven
Hundred Thousand Dollars ($700,000) for Employer’s fiscal year ending September
30, 2007; 

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an annual salary of a minimum of Seven Hundred
Thousand Dollars ($700,000) for Employer’s fiscal year ending
September 30, 2008, such minimum amount subject to increase based upon
negotiations which Parent and Executive hereby agree to enter into and complete
in good faith prior to September 30, 2007; and an annual salary of a minimum of
Seven Hundred Thousand Dollars ($700,000) for Employer’s fiscal year ending
September 30, 2009, such minimum amount subject to increase based upon
negotiations which Parent and Executive hereby agree to enter into and complete
in good faith prior to September 30, 2008 with respect to his service for the
Employer, with a salary review by the Board each fiscal year thereafter at
which time the Board shall determine whether, in its sole discretion, Executive’s
Base Compensation shall be increased. 
Such salary shall be payable periodically in accordance with the
Employer’s regular payroll practice.”

 “3.          Compensation.

(i)            Should Executive become unable to
perform the duties required under this Agreement, as a result of temporary,
documented medical disability, he shall be eligible to continue to receive his
Base Compensation for a period of up to one hundred and eighty (180) days.”

2.             Section
6(a)(ii) of the Agreement is hereby amended to replace the word “thereafter”
with the phrase “during the Restricted Period (as defined below)”.

3.             Sections
6(a)(iii) and 6(e) of the Agreement are hereby amended to delete all references
to the word “vendors.”

4.             Effect on the Agreement. 
Except as specifically amended or waived by this Amendment, all terms
and conditions of the Agreement shall remain in full force and effect.  From and after the effective date hereof, all
references to the “Agreement” shall mean such Agreement (as defined herein) as
amended hereby.

5.             Counterparts.  This
Amendment may be executed in counterparts each of which shall be deemed to be
an original but all of which shall constitute one and the same agreement.

[Signature Page Follows]

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IN WITNESS WHEREOF, each of the parties have caused
this Amendment to be executed on its behalf by its officers thereunto duly
authorized as of the day and year first written above.

	
  

  	
   

  	
  SENECA GAMING CORPORATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ John Pasqualoni

  
	
   

  	
   

  	
  Name:

  	
   

  	
  John Pasqualoni

  
	
   

  	
   

  	
  Title:

  	
   

  	
  President and Chief Executive Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  EXECUTIVE

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Barry W. Brandon

  
	
   

  	
   

  	
  Name:

  	
   

  	
  Barry W. Brandon

  

 

 3Exhibit
10.2

AMENDMENT NO. 1 TO

EMPLOYMENT AGREEMENT

This
Amendment No. 1 to Employment Agreement (this “Amendment”) is made and entered
into effective as of September 14, 2006, by and between Seneca Gaming
Corporation (the “Parent”), a governmental instrumentality of the Seneca Nation
of Indians of New York, and Rajat Shah (“Executive”).  Capitalized terms not defined herein shall
have the meanings ascribed to such terms in the Employment Agreement made and
entered into as of April 28, 2005, by and between the Parent and Executive
(the “Agreement”).

WHEREAS, the Board of
Directors of the Parent has adopted resolutions expressing its desire to amend
Executive’s Agreement (a) to extend the term of the Agreement until
September 30, 2009, (b) to increase the Executive’s Base Compensation
for the fiscal year ending September 30, 2007 and to provide for a minimum
amount with respect to the Executive’s Base Compensation for the fiscal years
ending September 30, 2008 and September 30, 2009, it being understood
that the Parent and Executive will negotiate in good faith the Executive’s Base
Compensation for each of the fiscal years ending in 2008 and 2009 prior to the
end of the immediately preceding fiscal year and that Executive’s Base
Compensation for such fiscal years may exceed (but will not be less than) the
minimum amount provided below, and (c) to provide for certain additional
amendments.

WHEREAS, pursuant to
such resolutions, the Parent and Executive have agreed to amend the Agreement
as set forth herein.

NOW, THEREFORE, in consideration of the above premises and other
good and valuable consideration, receipt of which is hereby acknowledged, the
Parent and Executive agree as follows:

1.             Sections 2 and 3(b) of the
Agreement are hereby amended in their entirety to read as set forth below and
Section 3(f) is hereby added to read as set forth below:

“2.           Term.  The term of this Agreement shall commence on
May 2, 2005 (the “Commencement Date”) and terminate on September 30,
2009 (the “Termination Date”), unless renewed by a subsequent written agreement
of the parties.”

“3.           Compensation.

(b)                                 Executive
shall be paid an annual base salary (“Base Compensation”) of (i) Seven
Hundred Thousand Dollars ($700,000) for the Employer’s fiscal year ending
September 30, 2006; (ii) Seven Hundred Thousand Dollars ($700,000) for
Employer’s fiscal year ending September 30, 2007; (iii) a minimum of Seven
Hundred Thousand Dollars ($700,000) for Employer’s fiscal year ending
September 30, 2008, such minimum amount subject to increase based upon
negotiations which Parent and Executive hereby agree to enter into and complete
in good faith prior to September 30, 2007; and (iv) a minimum of Seven 

 1
 

 

Hundred Thousand Dollars ($700,000) for Employer’s
fiscal year ending September 30, 2009, such minimum amount subject to
increase based upon negotiations which Parent and Executive hereby agree to
enter into and complete in good faith prior to September 30, 2008 with respect
to his service for the Employer, with a salary review by the Board each fiscal
year thereafter at which time the Board shall determine whether, in its sole
discretion, Executive’s Base Compensation shall be increased.  Such salary shall be payable periodically in
accordance with the Employer’s regular payroll practice.”

“3.           Compensation.

(f)            Should Executive become unable to
perform the duties required under this Agreement, as a result of temporary,
documented medical disability, he shall be eligible to continue to receive his
Base Compensation for a period of up to one hundred and eighty (180) days.”

2.             Section
6(a)(ii) of the Agreement is hereby amended to replace the word “thereafter”
with the phrase “during the Restricted Period (as defined below)”.

3.             Sections
6(a)(iii) and 6(e) of the Agreement are hereby amended to delete all references
to the word “vendors.”

4.             Effect on the Agreement. 
Except as specifically amended or waived by this Amendment, all terms
and conditions of the Agreement shall remain in full force and effect.  From and after the effective date hereof, all
references to the “Agreement” shall mean such Agreement (as defined herein) as
amended hereby.

5.             Counterparts.  This
Amendment may be executed in counterparts each of which shall be deemed to be
an original but all of which shall constitute one and the same agreement.

[Signature Page Follows]

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IN WITNESS WHEREOF, each of the parties have caused
this Amendment to be executed on its behalf by its officers thereunto duly
authorized as of the day and year first written above.

	
  

  	
   

  	
  SENECA GAMING CORPORATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ John Pasqualoni

  
	
   

  	
   

  	
  Name:

  	
   

  	
  John Pasqualoni

  
	
   

  	
   

  	
  Title:

  	
   

  	
  President and Chief Executive Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  EXECUTIVE

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Rajat Shah

  
	
   

  	
   

  	
  Name:

  	
   

  	
  Rajat Shah

  

 

 3

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