Document:

Ex1031WaiverofFinancialCounselingPlan

Exhibit 10.31
WAIVER

THIS WAIVER, made and effective as of April 29, 2013 (the “Waiver”), is made by and between Gary W. Loveman (“Executive”), Chairman of the Board, Chief Executive and President of Caesars Entertainment Corporation, a Delaware corporation (the “Company”), and the Company.

 WHEREAS, Executive is a participant in the Company’s Executive Counseling Financial Plan (the “Plan”) and in accordance with the terms of that certain Employment Agreement made as of January 28, 2008, and amended on March 13, 2009 (the “Employment Agreement”) between Harrah’s Entertainment, Inc. (now named Caesars Entertainment Corporation) and Executive, Executive is entitled to receive Fifty Thousand Dollars ($50,000.00) per year for financial counseling under the Plan (the “Financial Counseling Benefit”);

WHEREAS, the Company has suspended the Plan effective immediately, provided that eligible expenses submitted for reimbursement prior to the close of business on Friday May 3, 2013 will be reimbursed; and

WHEREAS, the Company has requested that and Loveman has agreed to waive his participation in the Plan.

NOW, THEREFORE, in consideration of the premises set forth above and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1.    Waiver.   Executive hereby waives the benefits of the provisions of Section 6.5 of Executive’s Employment Agreement, pursuant to which Executive is entitled to the Financial Counseling Benefit.

2.     Effectiveness of Waiver; Limited Effect; No Modifications.   This Waiver will become effective as of the date hereof. The waiver set forth above shall be limited precisely as written and relate solely to the provisions of Section 6.5 of the Employment Agreement in the manner and to the extent described above, and nothing in this Waiver shall be deemed to

 constitute a waiver of compliance by Executive with respect to any other term, provision or condition of the Employment Agreement or any other instrument or agreement referred to therein. Nothing contained in this Waiver will be deemed or construed to amend, supplement or modify the Employment Agreement (including, without limitation, the provisions of Section 6.5 thereof) or otherwise affect the rights and obligations of any party thereto, all of which remain in full force and effect.

3.     Miscellaneous.

(a)     This Waiver is governed by, and construed in accordance with, the laws of the State of Nevada, without regard to the conflict of laws provisions of such State.

(b)     This Waiver shall inure to the benefit of and be binding upon each of the Parties and each of their respective successors and assigns.
 
        (c)     The headings in this Waiver are for reference only and do not affect the interpretation of this Waiver.

(d)     This Waiver may be executed in counterparts, each of which is deemed an original, but all of which constitutes one and the same agreement. Delivery of an executed counterpart of this Waiver electronically or by facsimile shall be effective as delivery of an original executed counterpart of this Waiver.

(e)     This Waiver constitutes the sole and entire agreement of the Parties with respect to the subject matter contained herein, and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to such subject matter.

(Remainder of this page intentionally left blank; signatures begin on the next page.)

IN WITNESS WHEREOF, the Parties have executed this Waiver as of the date first written above.
	
		
	 
	

CAESARS ENTERTAINMENT CORPORATION

	 
	

By: /s/ Mary Thomas
Name: Mary Thomas
Title: Executive Vice President HR

	 
	

GARY W. LOVEMAN

	 
	

/s/Gary W. LovemanEx1074MIRAConsentandAcknowledgement

Exhibit 10.74
Caesars Entertainment Corporation
One Caesars Palace Drive
Las Vegas, NV 89109    
    
May 6, 2013
Re:  Consent and Acknowledgement 
Ladies and Gentlemen: 
Reference is made to that certain Amended and Restated Management Investor Rights Agreement, dated as of November 22, 2010, among Caesars Entertainment Corporation, a Delaware corporation, (the “Company”), Apollo Hamlet Holdings, LLC, a Delaware limited liability company (“Apollo Hamlet”), Apollo Hamlet Holdings B, LLC, a Delaware limited liability company (“Apollo Hamlet B”, and together with Apollo Hamlet, “Apollo”), TPG Hamlet Holdings, LLC, a Delaware limited liability company (“TPG Hamlet”), TPG Hamlet Holdings B, LLC, a Delaware limited liability company (“TPG Hamlet B” , and together with TPG Hamlet, “TPG”) (TPG, together with Apollo, the “Sponsors” ),  Hamlet Holdings LLC, a Delaware limited liability company, and the stockholders party thereto (such agreement, as amended or modified from time to time, the “Agreement”).  Any capitalized terms used and not defined herein have the meanings ascribed to them in the Agreement.  
Pursuant to Section 7(t) of the Agreement, any additional Company Shares that are issued by the Company to the Management Stockholders, either directly or upon the exercise or exchange of securities of the Company that are exercisable or exchangeable for Company Shares, must become subject to the terms and provisions of the Agreement.
The Company and Sponsors hereby consent, acknowledge and agree that, notwithstanding Section 7(t) of the Agreement, any Company Shares issued to any Management Stockholder pursuant to the exercise, from and after the date hereof, of an award granted to such Management Stockholder under the Company’s Management Equity Incentive Plan and/or 2012 Performance Incentive Plan shall not be subject to the terms and provisions of the Agreement (including, for the avoidance of doubt and without limitation, the restrictions on transfer set forth in Section 3 of the Agreement).  For the further avoidance of doubt, any Company Shares held by the Management Stockholders (other than (i) Company Shares acquired as contemplated by the immediately preceding sentence and (ii) as expressly set forth in that certain Consent and Acknowledgement, dated February 6, 2012) shall be subject to the Agreement.    
This letter agreement may be executed in any number of counterparts (including facsimile signatures and signatures sent in PDF format via electronic mail), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  This letter agreement shall be binding on and inure to the benefit of the parties hereto and their respective successors and assigns.  This letter agreement, the Consent and Acknowledgement dated February 6, 2012 and the Agreement set forth the entire understanding and agreement among the parties hereto as to the subject matter hereof and thereof. 

This letter agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to the principles of conflict of laws thereof that would result in the application of the laws of any other jurisdiction.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO TRIAL BY JURY IN CONNECTION WITH ANY MATTER RELATED TO THIS LETTER AGREEMENT. 
*  *  *  *  *

Sincerely, 
CAESARS ENTERTAINMENT CORPORATION
By:    /s/ Michael D. Cohen_____________________
Name: Michael D. Cohen
Title: SVP, Deputy General Counsel and Corporate Secretary

[Signature Page to Consent and Acknowledgement]

HAMLET HOLDINGS LLC

By:    _/s/ David Bonderman____________
Name: David Bonderman
Title: Vice President

[Signature Page to Consent and Acknowledgement]

APOLLO HAMLET HOLDINGS, LLC

By:    _/s/Laurie Medley________________
Name: Laurie Medley
Title: Authorized Person

APOLLO HAMLET HOLDINGS B, LLC

By:    /s/ Laurie Medley_________________
Name: Laurie Medley
Title: Authorized Person

[Signature Page to Consent and Acknowledgement]

TPG HAMLET HOLDINGS, LLC

By:  TPG V Hamlet AIV, L.P., its Managing Member

By:  TPG Genpar V, L.P., its General Partner

By: TPG Genpar V Advisors, LLC, its General Partner

By:    _/s/ Ronald Cami____________________
Name: Ronald Cami
Title: Vice President

TPG HAMLET HOLDINGS B, LLC

By:  TPG Genpar V, L.P., its Managing Member

By:  TPG Genpar V Advisors, LLC, its General Partner

By:    _/s/ Ronald Cami____________________
Name: Ronald Cami
Title: Vice President

[Signature Page to Consent and Acknowledgement]EX10.01

Exhibit 10.01
AMENDMENT TO 
GRANITE CONSTRUCTION INCORPORATED
EXECUTIVE RETENTION AND SEVERANCE PLAN II
This Amendment to the Granite Construction Incorporated Executive Retention and Severance Plan II (the “Plan”) is effective March 15, 2013.

1.    Section 15 of the Plan is amended in its entirety as follows:

“15.    Termination and Amendment of Plan.  This Plan and/or any Participation Agreement executed by a Participant may not be terminated with respect to such Participant without the written consent of the Participant and the approval of the Board or the Committee. Prior to March 14, 2013, this Plan and/or any Participation Agreement executed by a Participant may be modified, amended or superseded with respect to such Participant only by a supplemental written agreement between the Participant and the Company approved by the Board or the Committee.  Effective on and after March 14, 2013, the Committee, with respect to a Participant who is designated as a Participant on or after March 14, 2013, may modify, amend or suspend the Plan and/or any Participation Agreement executed by such a Participant, including but not limited to terminating the Participant's participation in the Plan; provided, however, that such  modification, amendment or suspension shall only be effective  beginning 12-months following the Committee's decision to modify, amend, or suspend the Participant's participation in the Plan.  Notwithstanding any other provision of the Plan to the contrary, the Board or the Committee may, in its sole and absolute discretion and without the consent of any Participant, amend the Plan or any Participation Agreement, to take effect retroactively or otherwise, as it deems necessary or advisable for the purpose of conforming the Plan or such Participation Agreement to any present or future law relating to plans of this or similar nature (including, but not limited to, Section 409A of the Code), and to the administrative regulations and rulings promulgated thereunder.”

IN WITNESS WHEREOF, the undersigned Secretary of the Company certifies that the foregoing Amendment to the Plan was duly adopted by the Board on March 15, 2013.

/s/ Richard Watts                               
Richard A. Watts

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