Document:

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                                                                  Exhibit 10(ff)

                         EXECUTIVE EMPLOYMENT AGREEMENT

           AGREEMENT made as of the 8th day of May, 2000, by and between WMS
     INDUSTRIES INC., a Delaware corporation (the "Corporation"), and ORRIN J.
     EDIDIN ("Executive").

                              W I T N E S S E T H:

     WHEREAS, the Corporation desires to employ Executive and Executive is
willing to undertake such employment on the terms and subject to the conditions
hereinafter set forth.

     NOW, THEREFORE, in consideration of the premises and mutual covenants
hereinafter contained, the parties hereto agree as follows:

     1.    EMPLOYMENT; DUTIES. The Corporation hereby employs Executive as an
executive of the Corporation to perform services as the Executive Vice
President, Secretary and General Counsel, and to perform such duties on behalf
of the Corporation and its affiliates as the Chief Executive Officer, President
or the Board of Directors of the Corporation may from time to time determine
relating to the legal function of the Corporation and other matters appropriate
for a senior executive of the Corporation.

     2.    ACCEPTANCE AND LOYALTY. Executive hereby accepts such employment and
agrees that throughout the period of his employment hereunder, he will devote
his full time, attention, knowledge and skills, faithfully, diligently and to
the best of his ability, in furtherance of the business of the Corporation and
will perform the duties assigned to him pursuant to Section 1 hereof. Executive
shall perform all duties and responsibilities in a professional manner
consistent with the skill, competence and efficiency expected of an executive
employee performing the duties assigned to Executive and subject to the
direction and control of the Chief Executive Officer, President and the Board of
Directors of the Corporation. Executive will do such traveling as may be
reasonably required of him in the performance of his obligations hereunder.
Executive shall at all times be subject to, observe and carry out such rules,
regulations, policies, directions and restrictions as the Corporation shall from
time to time establish. During his employment hereunder, Executive shall not,
without the written approval of the Chief Executive Officer, President or the
Board of Directors of the Corporation first had and obtained in each instance,
directly or indirectly, accept employment or compensation from or perform
services of any nature for, any business enterprise other than the Corporation
or any of its subsidiaries or affiliates, except that Executive may continue to
perform services for Midway Games Inc. ("Midway") and its subsidiaries and
affiliates for such period as shall be mutually agreeable to the Corporation,
Midway and Executive. During Executive's employment hereunder, Executive shall
not be entitled to additional compensation for

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serving in any office, including as a director, of the Corporation or any of its
subsidiaries or affiliates to which he may be elected.

     3.    TERM.

     3.1   The term of Executive's employment hereunder shall commence on the
date hereof and terminate on June 30, 2003 (the "Original Term"); provided,
however, that the term of Executive's employment shall be deemed automatically
extended from time to time such that the term of such employment shall at no
time be less than three years (the "Extended Term"); and provided further, that
Executive's services hereunder may be terminated (i) by either party effective
upon expiration of the Original Term or the Extended Term upon written notice
from the terminating party to the other party dated and received at least three
years prior to the respective termination date, or (ii) by the Corporation
effective upon 30 days' prior written notice if such termination is for "cause"
as defined in subsection 3.2 below, or (iii) by Executive effective upon 30
days' prior written notice if such termination is for "good reason" as defined
in subsection 3.3 below. The Original Term and the Extended Term are hereafter
collectively referred to as the "Term" and each year of the Term is hereafter
referred to as an "Employment Year."

     3.2   For purposes of this Agreement, "cause" means (i) conviction
(pursuant to a final or non-appealable judgment) of a felony or any other crime
involving fraud, larceny or dishonesty; (ii) failure and refusal to follow a
reasonable direction of the Chief Executive Officer, the President or the Board
of Directors of the Corporation after notice in writing of such failure or
refusal and a cure period of ten days thereafter; (iii) commission of any
dishonest, willful or grossly negligent act which has or is reasonably likely to
have a material adverse effect on the Corporation or its customer or trade
relationships; or (iv) failure or refusal to provide accurate and reasonably
complete information with respect to Executive's personal history to the
Corporation or to governmental agencies regulating the business of the
Corporation, failure or refusal to reasonably cooperate with such regulators or
failure to obtain necessary regulatory licensing approvals or clearances because
of intentionally inaccurate, intentionally incomplete or falsified information
provided by Executive. It is understood that poor financial performance of the
Corporation shall not in itself constitute grounds for the termination of
Executive for "cause."

     3.3   Executive's employment may be terminated by Executive for "good
reason." For purposes of this Agreement, "good reason" shall mean a material
breach by the Corporation of any material provision of this Agreement, after
Executive has provided the Corporation with notice thereof and a reasonable
opportunity to cure such breach.

     3.4   Subject to the provisions of Section 12 hereof, if (i) the
Corporation terminates Executive's employment other than for "cause" (including
by reason of death or disability), or (ii) Executive terminates his employment
for "good reason", Executive shall be entitled to receive in a single lump-sum
payment without discount to present value all cash compensation which would
otherwise be payable to Executive hereunder until expiration of the Extended
Term. For purposes of this Agreement, "disability" shall mean the absence of
Executive from Executive's duties with the

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Corporation on a full-time basis for 60 consecutive business days as a result of
incapacity due to mental or physical illness which is determined to be total and
permanent by a physician selected by the Corporation or its insurers and
acceptable to Executive or Executive's legal representative.

     4.    COMPENSATION AND BENEFITS.

           4.1 The Corporation shall pay to Executive as compensation for his
services and agreements hereunder a base salary at the rate of $250,000 per
annum, or such greater amount as the Board of Directors of the Corporation shall
from time to time determine. Base salary shall be payable in equal installments
in accordance with the Corporation's normal payroll policy, subject to payroll
taxes and withholding requirements.

           4.2 The Corporation will establish a discretionary performance bonus
program for Executive with respect to each fiscal year during the Term. The
performance bonus will be an amount of up to fifty percent (50%) of Executive's
then current base salary, and will be based upon the extent to which Executive
and the Corporation achieve individual and corporate performance objectives and
criteria established by the President of the Corporation for such fiscal year.

           4.3 Executive shall be entitled to receive an additional bonus
payment in the amount of $125,000 in the event (a) Executive remains employed by
the Corporation through October 30, 2000, in which case such bonus shall be
payable on such date; or (b) the employment of Executive is terminated by the
Corporation prior to such date other than for "cause" or by Executive for "good
reason," in which case such bonus shall be payable on the date of such
termination of employment.

           4.4 Executive shall be entitled to participate, to the extent he is
eligible under the terms and conditions thereof, in any bonus, pension,
retirement, disability, hospitalization, insurance, medical service, or other
employee benefit plan which is generally available to executive employees of the
Corporation and which may be in effect from time to time during the period of
his employment hereunder, including the Exec-U-Care insurance program. The
Corporation shall be under no obligation to institute or continue the existence
of any such employee benefit plan. In addition, the Corporation shall provide
Executive with Four Hundred Thousand Dollars ($400,000) in additional life
insurance coverage, payable to such beneficiary as Executive shall designate
from time to time, in such form and manner as the Corporation and Executive
shall determine as appropriate in order to minimize the income tax consequences
of such coverage to Executive. If such insurance is not available at an annual
premium of $3,000 or less, then the Corporation shall provide such lesser amount
of insurance as is available at an annual premium of $3,000.

     5.    BUSINESS EXPENSES. The Corporation shall reimburse Executive for all
authorized expenses reasonably incurred by him in accordance with the
Corporation's "Travel and Entertainment Policy and Procedure," and any
amendments thereof that the Corporation may adopt during the Term hereof.

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     6.    VACATION. Executive shall be entitled to four weeks paid vacation
during each Employment Year. Any such vacations are to be taken at times
mutually agreeable to Executive and the President of the Corporation. Vacation
time shall not be accumulated from year to year, unless Executive is requested
by the President of the Corporation to forego a vacation during any Employment
Year.

     7.    KEY-MAN LIFE INSURANCE. The Corporation may purchase and maintain
life insurance covering the life of Executive ("Key-man Insurance") in an amount
determined by the Corporation. The Corporation shall be the sole owner and
beneficiary of the Key-man Insurance and may apply to the payment of premiums
thereunder any dividends declared and paid thereon. Executive shall submit
himself to such physical examinations as the President of the Corporation may
deem necessary or desirable in connection with the purchase and maintenance of
the Key-man Insurance.

     8.    NON-COMPETITION AND NON-RAIDING. In consideration of the
Corporation's entering into this Agreement:

           8.1 Executive agrees that during the Term hereof and for a period of
one year after termination for "cause" or after Executive terminates his
employment without "good reason" without the written consent of the Corporation,
he will not, directly or indirectly, without the prior written consent of the
Corporation, own, manage, operate, join, control, participate in, perform any
services for, invest in, or otherwise be connected with, in any manner, whether
as an officer, director, employee, consultant, partner, investor or otherwise,
any business entity which is engaged in the design, importation, manufacture
and/or sale of electronic gaming devices or any business entity which is engaged
in any other business in which the Corporation or any affiliate of the
Corporation is engaged. Nothing herein contained shall be deemed to prohibit
Executive from investing his funds in securities of a company if the securities
of such company are listed for trading on a national stock exchange or traded in
the over-the-counter market and Executive's holdings therein represent less than
five percent of the total number of shares or principal amount of other
securities of such company outstanding.

           8.2 Executive agrees that during the Term hereof and for a period of
one year thereafter, he will not, directly or indirectly, without the prior
written consent of the Corporation, induce or influence, or seek to induce or
influence, any person who is engaged by the Corporation or any affiliate of the
Corporation as an employee, agent, independent contractor or otherwise, to
terminate his employment or engagement, nor shall Executive directly or
indirectly, through any other person, firm or corporation, employ or engage, or
solicit for employment or engagement, or advise or recommend to any other person
or entity that such person or entity employ or engage or solicit for employment
or engagement, any person or entity employed or engaged by the Corporation or
any affiliate of the Corporation.

           8.3 In the event that Executive is terminated for reasons other than
"cause," then, for such period (not to exceed one year after termination) as the
Corporation either continues to pay

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the Executive's base salary to him or has made a lump-sum payment to Executive
pursuant to Section 12 hereof, Executive agrees that he will not, directly or
indirectly, without the prior written consent of the Corporation, take any of
the actions prohibited under subsection 8.1 of this Agreement.

           8.4 Executive acknowledges that the provisions of this Paragraph 8
are reasonable and necessary for the protection of the Corporation. In the event
that any provision of this Paragraph 8, including any sentence, clause or part
hereof, shall be deemed contrary to law or invalid or unenforceable in any
respect by a court of competent jurisdiction, the remaining provisions shall not
be affected, but shall, subject to the discretion of such court, remain in full
force and effect and any invalid and unenforceable provisions shall be deemed,
without further action on the part of the parties hereto, modified, amended and
limited to the extent necessary to render the same valid and enforceable.

     9.    CONFIDENTIALITY AGREEMENT.

           9.1 As used herein, the term "Confidential Information" shall mean
any and all information of the Corporation and of its affiliates (for purposes
of this paragraph, the Corporation's affiliates shall be deemed included within
the meaning of "Corporation"), including, but not limited to, all data,
compilations, programs, devices, strategies, or methods concerning or related to
(i) the Corporation's finances, financial condition, results of operations,
employee relations, amounts of compensation paid to officers and employees and
any other data or information relating to the internal affairs of the
Corporation and its operations; (ii) the terms and conditions (including prices)
of sales and offers of sales of the Corporation's products and services; (iii)
the terms, conditions and current status of the Corporation's agreements and
relationship with any customer or supplier; (iv) the customer and supplier lists
and the identities and business preferences of the Corporation's actual and
prospective customers and suppliers or any employee or agent thereof with whom
the Corporation communicates; (v) the trade secrets, manufacturing and operating
techniques, price data, costs, methods, systems, plans, procedures, formulas,
processes, hardware, software, machines, inventions, designs, drawings, artwork,
blueprints, specifications, tools, skills, ideas, and strategic plans possessed,
developed, accumulated or acquired by the Corporation; (vi) any communications
between the Corporation, its officers, directors, stockholders, or employees,
and any attorney retained by the Corporation for any purpose, or any person
retained or employed by such attorney for the purpose of assisting such attorney
in his or her representation of the Corporation; (vii) any other information and
knowledge with respect to all products developed or in any stage of development
by the Corporation; (viii) the abilities and specialized training or experience
of others who as employees or consultants of the Corporation during the Term
hereof have engaged in the design or development of any such products; and (ix)
any other matter or thing, whether or not recorded on any medium, (a) by which
the Corporation derives actual or potential economic value from such matter or
thing being not generally known to other persons or entities who might obtain
economic value from its disclosure or use, or (b) which gives the Corporation an
opportunity to obtain an advantage over its competitors who do not know or use
the same.

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           9.2 Executive acknowledges and agrees that the Corporation is engaged
in highly competitive businesses and has expended, or will expend, significant
sums of money and has invested, or will invest, a substantial amount of time to
develop and maintain the secrecy of the Confidential Information. The
Corporation has thus obtained, or will obtain, a valuable economic asset which
has enabled, or will enable, it to develop an extensive reputation and to
establish long-term business relationships with its suppliers and customers. If
such Confidential Information were disclosed to another person or entity or used
for the benefit of anyone other than the Corporation, the Corporation would
suffer irreparable harm, loss and damage. Accordingly, Executive acknowledges
and agrees that, unless the Confidential Information becomes publicly known
through legitimate origins not involving an act or omission by Executive:

           (i)   the Confidential Information is, and at all times hereafter
           shall remain, the sole property of the Corporation;

           (ii)  Executive shall use his best efforts and the utmost diligence
           to guard and protect the Confidential Information from disclosure to
           any competitor, customer or supplier of the Corporation or any other
           person, firm, corporation or other entity;

           (iii) unless the Corporation gives Executive prior express written
           permission, during his employment and thereafter, Executive shall not
           use for his own benefit, or divulge to any competitor or customer or
           any other person, firm, corporation, or other entity, any of the
           Confidential Information which Executive may obtain, learn about,
           develop or be entrusted with as a result of Executive's employment by
           the Corporation; and

           (iv)  except in the ordinary course of the Corporation's business,
           Executive shall not seek or accept any Confidential Information from
           any former, present or future employee of the Corporation.

           9.3 Executive also acknowledges and agrees that all documentary and
tangible Confidential Information including, without limitation, such
Confidential Information as Executive has committed to memory, is supplied or
made available by the Corporation to the Executive solely to assist him in
performing his services under this Agreement. Executive further agrees that
after his employment with the Corporation is terminated for any reason:

           (i)   Executive shall not remove from the property of the Corporation
           and shall immediately return to the Corporation, all documentary or
           tangible Confidential Information in his possession, custody, or
           control and not make or keep any copies, notes, abstracts, summaries,
           tapes or other record of any type of Confidential Information; and

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           (ii)  Executive shall immediately return to the Corporation any and
           all other property of the Corporation in his possession, custody or
           control, including, without limitation, any and all keys, security
           cards, passes, credit cards and marketing literature.

     10.   INVENTION DISCLOSURE. Any invention, improvement, design, development
or discovery conceived, developed, created or made by Executive alone or with
others, during the period of his employment hereunder and applicable to the
business of the Corporation or its affiliates, whether or not patentable or
registrable, shall become the sole and exclusive property of the Corporation.
Executive hereby assigns to the Corporation, all of his rights to any
"intellectual material" created or developed by him during the course of his
employment. As used herein, "intellectual material" shall include, but shall not
be limited to, ideas, titles, themes, production ideas, methods of presentation,
artistic renderings, sketches, plots, music, lyrics, dialogue, phrases, slogans,
catch words, characters, names and similar literary, dramatic and musical
material, trade names, trademarks and service marks and all copyrightable
expressions in audio visual works, computer software, electronic circuitry and
all mask works for integrated circuits. Executive shall disclose the
intellectual material promptly and completely to the Corporation and shall,
during the period of his employment hereunder and at any time and from time to
time hereafter (a) execute all documents requested by the Corporation for
vesting in the Corporation or any of its affiliates the entire right, title and
interest in and to the same, (b) execute all documents requested by the
Corporation for filing and prosecuting such applications for patents, trademarks
and/or copyrights as the Corporation, in its sole discretion, may desire to
prosecute, and (c) give the Corporation all assistance it reasonably requires,
including the giving of testimony in any suit, action or proceeding, in order to
obtain, maintain and protect the Corporation's right therein and thereto. If any
such assistance is required following the termination of this Agreement, the
Corporation shall reimburse Executive for his time and the reasonable expenses
incurred by him in rendering such assistance. Anything contained in this
paragraph to the contrary notwithstanding, this paragraph does not apply to an
invention for which no equipment, supplies, facilities, or trade secret
information of the Corporation or its affiliates was used and which was
developed entirely on the Executive's own time, unless (d) the invention
relates: (i) to the business of the Corporation or its affiliates, or (ii) to
the Corporation's or any of its affiliates' actual or demonstrably anticipated
research or development, or (e) the invention results from any work performed by
the Executive for the Corporation or its affiliates.

     11.   REMEDIES. Executive acknowledges and agrees that the business of the
Corporation is highly competitive and that violation of any of the covenants
provided for in Paragraphs 8, 9 and 10 of this Agreement would cause immediate,
immeasurable and irreparable harm, loss and damage to the Corporation not
adequately compensable by a monetary award. Accordingly, Executive agrees,
without limiting any of the other remedies available to the Corporation, that
any violation of said covenants, or any one of them, may be enjoined or
restrained by any court of competent jurisdiction, and that any temporary
restraining order or emergency, preliminary or final injunctions may be issued
by any court of competent jurisdiction, without notice and without bond. In the
event any proceedings are commenced by the Corporation against Executive for any
actual or threatened

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violation of any of said covenants and if the Corporation prevails in such
litigation, then, Executive shall be liable to the Corporation for, and shall
pay to the Corporation, all costs and expenses of any kind, including reasonable
attorneys' fees, which the Corporation may incur in connection with such
proceedings.

     12.   CHANGE OF CONTROL.

           12.1 If at any time during the term of this Agreement, individuals
who presently constitute the Board of Directors of the Corporation, or who have
been recommended for election to the Board by two-thirds of the Board consisting
of individuals who are either presently on the Board or such recommended
successors cease for any reason to constitute at least a majority of such Board
(such event being hereafter referred to as a "Change of Control") and Executive
gives written notice to the Corporation within 60 days after such Change of
Control of his election to terminate his employment hereunder, the Corporation
shall pay to Executive within 15 days after Executive's delivery of such notice,
as severance pay and liquidated damages, in lieu of any other rights or remedies
which might otherwise be available to him under this Agreement, and without
mitigation of any kind or amount, whether or not Executive shall seek or accept
other employment, a lump sum payment equal in amount to three times the annual
base salary payable to Executive pursuant to subsection 4.1 of this Agreement.
In addition, all unexpired options to purchase securities of the Corporation
granted to Executive before the Change of Control shall, if unvested, vest fully
on the date of the Change of Control, notwithstanding any vesting provisions of
such options. The payments provided for in this Section 12 shall be paid in
full, without discount to present value.

           12.2 If it shall be determined that any amount payable under Section
12.1 by the Corporation to or for the benefit of Executive (a "Base Payment")
would be subject to the excise tax (the "Excise Tax") imposed by Section 4999 of
the Internal Revenue Code of 1986, as amended (the "Code"), then Executive shall
be entitled to receive an additional payment (the "Gross-Up Payment") in an
amount such that the net amount retained by Executive, after the calculation and
deduction of any Excise Tax on the Base Payment shall be equal to the Base
Payment, less any federal, state and local income taxes. The Gross-Up Payment
shall be reduced by income or Excise Tax withholding payments made by the
Corporation to any federal, state, or local taxing authority with respect to the
Gross-Up Payment that was not deducted from compensation payable to the
Executive. All determinations required to be made under this Section 12.2,
including whether and when a Gross-Up Payment is required, the amount of such
Gross-Up Payment, and the assumptions to be utilized in arriving at such
determination, except as specified above, shall be made by the Corporation's
auditors (the "Accounting Firm"), which shall provide detailed supporting
calculations both to the Corporation and Executive within fifteen business days
after the receipt of notice from Executive that there should be a Gross-Up
Payment. The determination of tax liability made by the Accounting Firm shall be
subject to review by Executive's tax advisor, and, if Executive's tax advisor
does not agree with the determination reached by the Accounting Firm, then the
Accounting Firm and Executive's tax advisor shall jointly designate a nationally
recognized public accounting firm, which shall make the determination. All fees
and expenses of the accountants retained by the Corporation or jointly

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designated and retained shall be borne by the Corporation. Any determination by
a jointly designated public accounting firm shall be binding upon the
Corporation and Executive.

     13.   ENTIRE AGREEMENT. This Agreement constitutes the entire agreement of
the parties hereto with respect to Executive's employment with the Company and
no amendment or modification hereof shall be valid or binding unless made in
writing and signed by the party against whom enforcement thereof is sought. All
prior agreements relating to Executive's employment with the Company or WMS or
any affiliate of the Company or WMS are hereby terminated and of no further
force and effect.

     14.   NOTICES. Any notice required, permitted or desired to be given
pursuant to any of the provisions of this Agreement shall be deemed to have been
sufficiently given or served for all purposes if delivered in person or sent by
telephone facsimile or sent by certified mail, return receipt requested, or sent
by responsible overnight delivery service, postage and fees prepaid, to the
parties hereto at their respective addresses set forth below. Either of the
parties hereto may at any time and from time to time change the address to which
notice shall be sent hereunder by notice to the other party given under this
Section 14. The date of the giving of any notice sent by mail shall be three
business days following the date of the posting of the mail, if delivered in
person, the date delivered in person, if sent by overnight delivery service, the
next business day following delivery to an overnight delivery service or if sent
by telephone facsimile, the date sent by telephone facsimile.

     If to the Corporation:
              3401 North California Avenue
              Chicago, IL  60618
              Facsimile: 312-961-1099
              Attn: Mr. Brian Gamache, President

     If to Executive:
              830 Bermuda Dunes
              Northbrook, IL  60062

     15.   NO ASSIGNMENT. Neither this Agreement nor the right to receive any
payments hereunder may be assigned by Executive. This Agreement shall be binding
upon Executive, his heirs, executors and administrators and upon the
Corporation, its successors and assigns.

     16.   NO WAIVER. No course of dealing nor any delay on the part of the
Corporation in exercising any rights hereunder shall operate as a waiver of any
such rights. No waiver of any default or breach of this Agreement shall be
deemed a continuing waiver or a waiver of any other breach or default.

     17.   GOVERNING LAW. This Agreement shall be governed, interpreted and
construed in accordance with the substantive laws of the State of Illinois
applicable to agreements entered into and to be performed entirely therein.

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     18.   SEVERABILITY. If any clause, paragraph, section or part of this
Agreement shall be held or declared to be void, invalid or illegal, for any
reason, by any arbitrator or court of competent jurisdiction, such provision
shall be ineffective but shall not in any way invalidate or affect any other
clause, paragraph, section or part of this Agreement. The parties intend that
all clauses, paragraphs, sections or parts of this Agreement shall be
enforceable to the fullest extent permitted by law.

     19.   AFFILIATE. As used in this Agreement, "affiliate" means any person or
entity controlled by or under common control with the Corporation.

     20.   COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which counterparts, when taken together, shall constitute
but one and the same agreement.

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed on the day and year first above written.

                                           WMS INDUSTRIES INC.

                                           By:   /s/   BRIAN GAMACHE
                                                 -------------------------
                                           Brian Gamache, President

                                           By:  /s/   ORRIN J. EDIDIN
                                                ---------------------
                                           Orrin J. Edidin

                                      -10-<PAGE>   1
                                                                  Exhibit 10(gg)

                              EMPLOYMENT AGREEMENT

     This Agreement is made as of the 7th day of June, 2000, by and between WMS
INDUSTRIES INC., a Delaware corporation, with offices at 3401 North California
Avenue, Chicago, Illinois 60618 (hereinafter called the "Corporation") and
TERENCE M. DUNLEAVY, an individual residing at 1968 Pleasant Hill Lane, Lisle,
Illinois 60532 (hereinafter called "Employee").

                              W I T N E S S E T H:

     WHEREAS, the Corporation desires to employ Employee and Employee is willing
to accept such employment on the terms and subject to the conditions hereinafter
set forth;

     NOW, THEREFORE, in consideration of the mutual covenants hereinafter set
forth, the parties hereto agree as follows:

     1.    Employment by Corporation. The Corporation hereby agrees to employ
Employee to perform such duties on behalf of the Corporation and its affiliates
as the Chief Executive Officer, President, General Counsel or such officer as
may subsequently be designated by the Board of Directors of the Corporation
("Management"), may from time to time determine, including without limitation,
duties with respect to regulatory compliance and governmental affairs relating
to the design, sales and marketing of gaming devices to be manufactured and sold
by the Corporation or by one or more of the other corporations under common
control with the Corporation (its "Affiliates"). The primary assignment of
Employee shall be Vice President, Assistant General Counsel and Chief Compliance
Officer.

     2.    Employee's Acceptance of Employment. Employee hereby accepts such
employment and agrees that throughout the period of his employment hereunder he
will devote his full time, attention, knowledge and skills, faithfully,
diligently and to the best of his ability, in furtherance of the business of the
Corporation and its Affiliates, he will perform the duties assigned to him
pursuant to Paragraph 1 hereof, subject, at all times, to the direction and
control of Management and he will do such reasonable traveling as may be
required of him in the performance thereof.

     Employee shall at all times be subject to, observe and carry out such
rules, regulations, policies, directions and restrictions as the Corporation
shall from time to time establish. During the period of his employment by the
Corporation, Employee agrees to be bound by the Corporation's Ethics and
Conflicts of Interest Policy and any amendments adopted thereto, a copy of which
Employee hereby acknowledges he has received and read, and Employee agrees that
he shall not, without the prior written approval of Management, directly or
indirectly, accept employment or compensation from or perform services of any
nature for, any business enterprise other than the Corporation and its
Affiliates and such enterprises previously disclosed to the Corporation in
writing.

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     3.    Term. Employee shall be employed for a term ("Term") of one (1) year
commencing on the date hereof; provided, however, that during Employee's
employment hereunder, such term shall be deemed to be automatically extended
from time to time for an additional one (1) year period such that the term of
Employee's employment shall not be less than one (1) year nor greater than one
(1) year, unless his employment is terminated voluntarily by Employee or by the
Corporation for cause in accordance with Paragraph 6 hereof, in which case such
term shall terminate immediately. Each year of the Term is hereafter referred to
as an "Employment Year."

     4.    Compensation/Benefits.

           4.1 The Corporation will pay to Employee as compensation for his
services hereunder a salary of One Hundred Seventy Five Thousand Dollars
($175,000). Such salary may be adjusted from time to time as determined by
Management and is to be payable in equal installments no less frequently than
semimonthly.

           4.2 Employee shall also be entitled to receive an annual
discretionary bonus in an amount of up to fifty percent (50%) of Employee's then
current base salary. Such bonus shall be within the sole discretion of
Management and will be based upon the extent to which the Corporation and
Employee achieve corporate and personal performance criteria and objectives
established by Management of the Corporation for such fiscal year. Employee may
be included, in the sole discretion of Management, in such other profit sharing,
incentive or other bonus arrangements which may be in effect from time to time.

           4.3 Employee shall be entitled to participate during the Term, to the
extent he is eligible under the terms and conditions thereof, in any pension,
retirement, disability, hospitalization, insurance, medical service, or other
employee benefit plan which is generally available to all employees of the
Corporation (including Execu-Care supplemental medical and life insurance
benefits) and which may be in effect from time to time during the period of his
employment. The Corporation shall be under no obligation to institute or
continue the existence of any such employee benefit plan.

     5.    Business Expenses. The Corporation shall reimburse Employee for all
authorized expenses reasonably incurred by him in accordance with the
Corporation's "Travel and Entertainment Policy and Procedure" and any amendment
thereof that the Corporation may adopt during his employment.

     6.    Termination. In addition to all other rights and remedies which the
parties may have under applicable law, Employee and the Corporation hereby
agree: that the Corporation may terminate this Agreement and the services of
Employee, effective upon the occurrence of any of the following events: (i) a
material failure by Employee to perform his obligations under this Agreement;
(ii) the death of Employee or his disability due to physical or mental illness
for a period of three (3) consecutive months; (iii) Employee fails to follow the
Corporation's "Ethics and Conflicts of Interest Policy," and any amendment
thereof that the Corporation may adopt during his employment; or (iv) in the
event that Employee shall act, whether with respect to his employment or
otherwise, in a manner which is in violation of the criminal laws of the United
States or any State or subdivision thereof (excluding minor violations) or which
is reasonably

                                        2
<PAGE>   3

likely to result in the loss of a gaming license held by the Corporation or by
any Affiliate or in such entity's inability to become so licensed.

     7.    Non-Competition. In consideration of the Corporation's entering into
this Agreement:

           7.1 Employee agrees that during the Term hereof and, (i) in the event
Employee voluntarily terminates his employment or the Corporation terminates
Employee's employment for cause, prior to the expiration of one (1) year
following such termination of Employee's employment, or (ii) in the event
Employee is terminated for reasons other than for cause, then for such period
(not to exceed one (1) year) as the Corporation continues to pay Employee's base
salary to him, he will not directly or indirectly own, manage, operate, join,
control, participate in, perform any services for, invest in, or otherwise be
connected with, in any manner, whether as an officer, director, employee,
consultant, partner, investor or otherwise, any business entity which is engaged
in the design, manufacture and/or sale of any gaming devices or any business
entity which is engaged in any other business in which the Corporation or any of
its Affiliates is engaged. Nothing herein contained shall be deemed to prohibit
Employee from investing his funds in securities of a company if the securities
of such company are listed for trading on a national stock exchange or traded in
the over-the-counter market and Employee's holdings therein represent less than
five (5) percent of the total number of shares or principal amount of other
securities of such company outstanding.

           7.2 Employee agrees that Employee will not, during the Term hereof or
prior to the expiration of one (1) year following the termination of the
Employee's employment for any reason, without the written consent of the
Corporation, directly or indirectly, by action alone or in concert with others,
induce or influence, or seek to induce or influence any person who is engaged by
the Corporation or any of its Affiliates as an employee, agent, independent
contractor or otherwise, to terminate his employment or engagement, nor shall
Employee, directly or indirectly, through any other person, firm or corporation,
employ or engage, or solicit for employment or engagement, or advise or
recommend to any other person or entity that such person or entity employ or
engage or solicit for employment or engagement, any person or entity employed or
engaged by the Corporation.

     8.    Confidentiality Agreement.

           8.1 As used herein, the term "Confidential Information" shall mean
the terms of this Employment Agreement and any and all information of the
Corporation and of its Affiliates (for purposes of Paragraphs 8, 9 and 10 of
this Agreement, the Corporation's Affiliates shall be deemed included within the
meaning of "Corporation"), including, but not limited to, all data,
compilations, programs, devices, strategies, or methods concerning or related to
(i) the Corporation's finances, financial condition, results of operations,
employee relations, amounts of compensation paid to officers and employees and
any other data or information relating to the internal affairs of the
Corporation and its operations; (ii) the terms and conditions (including prices)
of sales and offers of sales of the Corporation's products and services; (iii)
the terms, conditions and current status of the Corporation's agreements and
relationship with any customer or supplier; (iv) the customer and supplier lists
and the identities and business preferences of the Corporation's actual and
prospective customers and suppliers or any employee or agent thereof

                                       3

<PAGE>   4

with whom the Corporation communicates; (v) the trade secrets, manufacturing and
operating techniques, price data, costs, methods, systems, plans, procedures,
formulas, processes, hardware, software, machines, inventions, designs,
drawings, artwork, blueprints, specifications, tools, skills, ideas, and
strategic plans possessed, developed, accumulated or acquired by the
Corporation; (vi) any communications between the Corporation, its officers,
directors, shareholders, or employees, and any attorney retained by the
Corporation for any purpose, or any person retained or employed by such attorney
for the purpose of assisting such attorney in his or her representation of the
Corporation; (vii) any other information and knowledge with respect to all
gaming developed or in any stage of development by the Corporation; (viii) the
abilities and specialized training or experience of others who as employees or
consultants of the Corporation during the Employee's employment have engaged in
the design or development of any such products; and (ix) any other matter or
thing, whether or not recorded on any medium, (a) by which the Corporation
derives actual or potential economic value from such matter or thing being not
generally known to other persons or entities who might obtain economic value
from its disclosure or use, or (b) which gives the Corporation an opportunity to
obtain an advantage over its competitors who do not know or use the same.

           8.2 Employee acknowledges and agrees that the Corporation is engaged
in the highly competitive gaming device business and has expended, or will
expend, significant sums of money and has invested, or will invest, a
substantial amount of time to develop and maintain the secrecy of the
Confidential Information. The Corporation has thus obtained, or will obtain, a
valuable economic asset which has enabled, or will enable, it to develop an
extensive reputation and to establish long-term business relationships with its
suppliers and customers. If such Confidential Information were disclosed to
another person or entity or used for the benefit of anyone other than the
Corporation, the Corporation would suffer irreparable harm, loss and damage.
Accordingly, Employee acknowledges and agrees that, unless the Confidential
Information becomes publicly known through legitimate origins not involving an
act or omission by Employee:

           (i)   the Confidential Information is, and at all times hereafter
           shall remain, the sole property of the Corporation;

           (ii)  Employee shall use his best efforts and the utmost diligence to
           guard and protect the Confidential Information from disclosure to any
           competitor, customer or supplier of the Corporation or any other
           person, firm, corporation or other entity;

           (iii) unless the Corporation gives Employee prior express written
           permission, during his employment and thereafter, Employee shall not
           use for his own benefit, or divulge to any competitor or customer or
           any other person, firm, corporation, or other entity, any of the
           Confidential Information which Employee may obtain, learn about,
           develop or be entrusted with as a result of Employee's employment by
           the Corporation; and (iv) except in the ordinary course of the
           Corporation's business, Employee shall not seek or

                                       4

<PAGE>   5

           accept any Confidential Information from any former, present or
           future employee of the Corporation.

           8.3 Employee also acknowledges and agrees that all documentary and
tangible Confidential Information including, without limitation, such
Confidential Information as Employee has committed to memory, is supplied or
made available by the Corporation to the Employee solely to assist him in
performing his services under this Agreement. Employee further agrees that after
his employment with the Corporation is terminated for any reason:

           (i)  Employee shall not remove from the property of the Corporation
           and shall immediately return to the Corporation, all documentary or
           tangible Confidential Information in his possession, custody, or
           control and not make or keep any copies, notes, abstracts, summaries,
           tapes or other record of any type of Confidential Information; and

           (ii) Employee shall immediately return to the Corporation any and all
           other property of the Corporation in his possession, custody or
           control, including, without limitation, any and all keys, security
           cards, passes, credit cards and marketing literature.

     9.    Invention Disclosure. Employee agrees to disclose to the Corporation
promptly and fully all ideas, inventions, discoveries, developments or
improvements ("Inventions") that may be made or conceived by him and all
"Intellectual Material" (as defined below) that may be created or developed by
him (whether such Inventions or "Intellectual Material" are developed solely by
him or jointly with others) either during his employment by the Corporation or
during a period of one (1) year after the termination of his employment with the
Corporation which either (i) in any way is connected with or related to the
actual or contemplated business, work, research or undertakings of the
Corporation or (ii) results from or is suggested by any task, project or work
that he may do for, in connection with, or on behalf of the Corporation.
Employee agrees that such Inventions and "Intellectual Material" shall become
the sole and exclusive property of the Corporation and Employee hereby assigns
to the Corporation all of his rights to any such Inventions and "Intellectual
Material." As used herein, "Intellectual Material" shall include, but shall not
be limited to, ideas, titles, themes, production ideas, methods of presentation,
artistic renderings, sketches, plots, music, lyrics, dialogue, phrases, slogans,
catch words, characters, names and similar literary, dramatic and musical
material, trade names, trademarks and service marks and all copyrightable
expressions in audio visual works, computer software, electronic circuitry and
all mask works for integrated circuits. With respect to Inventions and
Intellectual Material, Employee shall during the period of his employment
hereunder and at any time and from time to time hereafter (a) execute all
documents requested by the Corporation for vesting in the Corporation the entire
right, title and interest in and to the same, (b) execute all documents
requested by the Corporation for filing and prosecuting such applications for
patents, trademarks and/or copyrights as the Corporation, in its sole
discretion, may desire to prosecute, and (c) give the Corporation all assistance
it reasonably requires, including the giving of testimony in any suit, action or
proceeding, in order to obtain, maintain and protect the Corporation's right
therein and thereto. If any such assistance is required following the
termination of Employee's employment with the Corporation, the Corporation shall
reimburse Employee for his lost wages or salary and

                                       5

<PAGE>   6

the reasonable expenses incurred by him in rendering such assistance. Anything
contained in this paragraph to the contrary notwithstanding, this paragraph does
not apply to an Invention or Intellectual Material for which no equipment,
supplies, facilities, or trade secret information of the Corporation was used
and which was developed entirely on the Employee's own time, unless the
Invention or Intellectual Material relates: (i) to the business of the
Corporation, (ii) to the Corporation's actual or demonstrably anticipated
research or development, or (iii) the Invention or Intellectual Material results
from any work performed by the Employee for the Corporation.

     10.   Remedies. Employee acknowledges and agrees that the business of the
Corporation is highly competitive and that the provisions of Paragraphs 7, 8 and
9 are reasonable and necessary for the protection of the Corporation and its
Affiliates and that any violation of such covenants would cause immediate,
immeasurable and irreparable harm, loss and damage to the Corporation not
adequately compensable by a monetary award. Accordingly, the Employee agrees,
without limiting any of the other remedies available to the Corporation, that
any violation of said covenants, or any one of them, may be enjoined or
restrained by any court of competent jurisdiction, and that any temporary
restraining order or emergency, preliminary or final injunctions may be issued
by any court of competent jurisdiction, without notice and without bond. In the
event any proceedings are commenced by the Corporation against Employee for any
actual or threatened violation of any of said covenants and if the Corporation
prevails in such litigation, then, Employee shall be liable to the Corporation
for, and shall pay to the Corporation, all costs and expenses of any kind,
including reasonable attorneys' fees, which the Corporation may incur in
connection with such proceedings.

     11.   Change of Control. If at any time during the term of this Agreement
(a) any individuals who presently constitute the Board of Directors of the
Corporation, or who have been recommended for election to the Board of the
Corporation by two-thirds of the Board of the Corporation consisting of
individuals who are either presently on such Board or such recommended
successors cease for any reason to constitute at least a majority of such Board
(such event being hereafter referred to as a "Change of Control"), and (b)
thereafter, the Corporation breaches its obligations to Executive under this
Agreement, and (c) Executive gives written notice to the Corporation within 60
days after such breach of his election to terminate his employment hereunder,
the Corporation shall pay to Executive within 15 days after Executive's delivery
of such notice, as severance pay and liquidated damages, in lieu of any other
rights or remedies which might otherwise be available to him under this
Agreement, and without mitigation of any kind or amount, whether or not
Executive shall seek other employment, a lump sum equal in amount to the lesser
of (i) the annual base salary payable to Executive pursuant to subsection 4.1 of
this Agreement, or (ii) the maximum amount which could be payable to Executive
without any portion of such amount being subject to the excise tax imposed by
Section 4999 of the Internal Revenue Code of 1986, as amended. In addition, in
such event all unexpired options to purchase securities of the Corporation
granted to Executive before the Change of Control shall, if unvested, vest fully
on the date of the Change of Control, notwithstanding any vesting provisions of
such options. The payments provided for this Section 11 shall be paid in full,
without discount to present value.

                                       6

<PAGE>   7

     12.   Entire Agreement. This Agreement constitutes the entire agreement of
the parties hereto with respect to the matters set forth herein and no amendment
or modification hereof shall be valid or binding unless made in writing and
signed by both parties hereto.

     13.   Notices. Any notice, required, permitted or desired to be given
pursuant to any of the provisions of this Agreement shall be deemed to have been
sufficiently given or served for all purposes if delivered in person or sent by
certified mail, return receipt requested, postage and fees prepaid as follows:

     if to the Corporation at:
           its address set forth above,
           Attention:  Brian R. Gamache, President

     and, if to Employee, at his address set forth above.

     Either of the parties hereto may at any time and from time to time change
the address to which notice shall be sent hereunder by notice to the other party
given as provided herein. The date of the giving of any notice hereunder shall
be the date delivered or if sent by mail, shall be the date of the posting of
the mail.

     14.   Non-Assignability. Neither this Agreement nor the right to receive
any payments hereunder may be assigned by Employee. This Agreement shall be
binding upon Employee and inure to the benefit of his heirs, executors and
administrators and be binding upon the Corporation and inure to the benefit of
its successors and assigns.

     15.   Choice of Law And Forum. This Agreement shall be governed,
interpreted and construed under the laws of the State of Illinois without regard
to its conflict of law principles. The parties agree that any dispute or
litigation arising in whole or in part hereunder shall, at the option of the
Corporation, be litigated in any state or Federal court of competent subject
matter jurisdiction sitting in Cook County, Illinois, to the jurisdiction of
which and venue in which Employee irrevocably consents.

     16.   Waiver. No course of dealing nor any delay on the part of any party
in exercising any rights hereunder shall operate as a waiver of any such rights.
No waiver of any default or breach of this Agreement shall be deemed a
continuing waiver or a waiver of any other breach or default.

     17.   Severability. If any provision of this Agreement including any
paragraph, sentence, clause or part thereof, shall be deemed contrary to law or
invalid or unenforceable in any respect by a court of competent jurisdiction,
the remaining provisions of such paragraph, sentence, clause or part thereof
shall not be affected, but shall, subject to the discretion of such court,
remain in full force and effect and any invalid and unenforceable provisions
shall be deemed, without further action on the part of the parties hereto,
modified, amended and limited to the extent necessary to render the same valid
and enforceable.

                                        7

<PAGE>   8

     18.   Survival at Termination. The termination of Employee's employment
hereunder shall not affect his obligations to the Corporation hereunder which by
the nature thereof are intended to survive any such termination including,
without limitation, Employee's obligations under Paragraphs 7, 8 and 9.

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the date first above set forth.

                                WMS INDUSTRIES INC.

                                By:    /s/    BRIAN R. GAMACHE
                                     -------------------------------------------
                                              Brian R. Gamache
                                              President

                                EMPLOYEE:

                                        /s/   TERENCE M. DUNLEAVY
                                     -------------------------------------------
                                              Terence M. Dunleavy

                                        8

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