Document:

Seventh Amendment to the 2001 Restatement of Executive Supplemental Savings Plan

 Exhibit 10.33 
 SEVENTH AMENDMENT TO 
 THE 2001 RESTATEMENT OF 
 THE HARRAH’S ENTERTAINMENT, INC. 
 EXECUTIVE SUPPLEMENTAL SAVINGS PLAN 
  
 WHEREAS,
Harrah’s Entertainment, Inc., a Delaware corporation (the “Company”), maintains the Harrah’s Entertainment, Inc. Executive Supplemental Savings Plan (the “Plan”) in order to provide its executives with an opportunity
and incentive to save for retirement and other purposes; 
 WHEREAS, the EDCP Committee now wishes to amend the Plan to provide for a special
lump sum distribution to a participant under the Plan during 2007 in accordance with the transition relief under Internal Revenue Service Notice 2005-1, Q/A-19(c), the Proposed Regulations under Section 409A of the Internal Revenue Code and
Internal Revenue Service Notice 2006-79; 
 WHEREAS, Section 12.1(a) provides that the EDCP Committee has the right to amend the Plan,
provided that such amendment does not have a material adverse financial effect on the Company or the Plan. 
 WHEREAS, the EDCP Committee has
approved the adoption of this Seventh Amendment to the 2001 Restatement of the Plan. 
 NOW, THEREFORE, the 2001 Restatement of the Plan is
hereby amended, effective as of December , 2006, as follows: 
 AMENDMENT 
  

	1.	Article 8 is hereby amended to add new Section 8.6 to read in its entirety as follows: 

 8.6    Special In-Service Distribution. A Participant whose name is set forth on Appendix II hereto
shall receive a special lump sum distribution of the total balance of such Participant’s Accounts on January 2, 2007 (or within 30 days thereafter). Notwithstanding the foregoing, the lump sum distribution under this Section 8.6 shall
apply only to amounts that otherwise would not be payable during 2006. 
  

	2.	The Plan is hereby further amended to add new Appendix II in the form attached hereto. 

  

	3.	Except as herein amended, the Plan shall continue in full force and effect in accordance with the terms and conditions thereof. 

 This Seventh Amendment to the 2001 Restatement of the Plan is hereby executed by a duly authorized
officer of Harrah’s Entertainment, Inc., effective as of December 19, 2006. 
  

							
		 	HARRAH’S ENTERTAINMENT, INC.
				
		 	By:    	  	 /s/ Mary H. Thomas
	  	
				
		 	Its:	  	 Senior Vice President - HR
	  	

  

 2Amendment dated as of Jan. 1, 2003 to Broad-Based Stock Incentive Plan

 Exhibit 10.88 
 Amendment Dated January 1, 2003, To 
 The Harrah’s Entertainment, Inc. 2001 Broad-Based
Stock Incentive Plan (“Plan”) 
 Pursuant to approval granted by the Board of Directors of Harrah’s Entertainment, Inc.
(“Company”) and its Human Resources Committee, the Plan is amended effective the date hereof as follows: 
  

	 	1.	Subsection (d) of Section 3.1 of the Plan is amended by inserting the following language after “Cause” in the first line: “for any Award granted before
January 1, 2003,”. 

  

	 	2.	A new subsection (dd) is added after subsection (d) of the Plan to read as follows: 

  

	 	    	(dd) “Cause” for any Award granted after January 1, 2003, means as follows (references in this definition to the male gender include the female gender):

  

	 	(1)	A Participant’s willful failure to perform substantially his duties or to follow a lawful reasonable directive from his supervisor (other than any such failure resulting from
incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to him by his supervisor which specifically identifies the manner in which his supervisor believes that he has not substantially performed
his duties or to follow a lawful reasonable directive and he is given a reasonable opportunity (not to exceed thirty (30) days) to cure any such failure to substantially perform, if curable; 

  

	 	(2)	(A) any willful act of fraud, or embezzlement or theft by a Participant, in each case, in connection with his duties to the Company or in the course of his employment with the
Company or (B) a Participant’s admission in any court, or conviction of, a felony involving moral turpitude, fraud, or embezzlement, theft or misrepresentation, in each case, against the Company; 

  

	 	(3)	A Participant being found unsuitable for or having a gaming license denied or revoked by the gaming regulatory authorities in Arizona, California, Colorado, Illinois, Indiana, Iowa,
Kansas, Louisiana, Mississippi, Missouri, Nevada, New Jersey, New York, and North Carolina; 

  

	 	(4)	 (A) a Participant’s willful and material violation of, or noncompliance with, any securities laws or stock exchange listing rules, including, without
limitation, the Sarbanes-Oxley Act of 2002 if applicable to the 

  

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Participant, provided that such violation or noncompliance resulted in material economic harm to the Company, or (B) a final judicial order or
determination prohibiting a Participant from service as an officer pursuant to the Securities Exchange Act of 1934 and the rules of the New York Stock Exchange. 
  

	 	    	For purposes of this subsection (dd), no act or failure to act on a Participant’s part shall be considered “willful” unless it is done, or omitted to be done, by the
Participant in bad faith and without reasonable belief that his action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based on a
directive from the Participant’s supervisor or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Participant in good faith and in the best interests of the Company. Any
other rights of a Participant regarding termination for cause that are contained in a written agreement between the Company and the Participant shall be preserved.” 

  

	 	3.	Subsection (e) of Section 3.1 of the Plan is amended by inserting the following language after “Change in Control” in the first line: “for any Award granted
after January 1, 2003,”. 

  

	 	4.	A new subsection (ee) is added after subsection (e) of Section 3.1 of the Plan to read as follows: 

  

	 	    	(ee) “Change of Control” for any Award granted on or after January 1, 2003, means and includes each of the following: 

 (1) 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 
 (A) 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 
 (B) 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 
  

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 (C) 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 subsection (ee): 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 
 (2) 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 subsection (ee)) 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 
 (3) 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 
 (A) 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 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 
  

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 (B) 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 
 (4) the
Company’s stockholders approve a liquidation or dissolution of the Company. 
 (5) 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.” 
 IN WITNESS WHEREOF, this Amendment has been duly executed by the Company as of the date
written above. 
 Harrah’s Entertainment, Inc. 
 By: /s/ MARILYN G. WINN 
 Title: SVP—HR 
  

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