Document:

<PAGE>

                                                                    Exhibit 10.1

                      Description of Amendment to TARSAP II

                                  July 26, 2000

         This exhibit describes the amendment to the Company's Time Accelerated
Restricted Stock Award Program (TARSAP II) approved July 26, 2000:

         1.       The Program was changed to a six year program with final
                  longevity vesting on January 2, 2007, based on continued
                  active employment.

         2.       The Program's accelerated vesting schedule was modified to
                  remove the potential performance vesting for the year 2006.

         3.       The Program was clarified to provide that if a change in
                  control occurred while a participant was on salary
                  continuation, the participant would only receive the next
                  vesting installment not otherwise earned.<PAGE>

                                                                    Exhibit 10.2

                        Amendment to Employment Agreement
                               With John M. Boushy

                                 August 2, 2000

         This Amendment amends the Employment Agreement dated April 1, 1998,
between the undersigned Executive and Harrah's Operating Company, Inc.

         In consideration of the mutual agreements herein, it is agreed as
follows:

         1.   The parties understand and agree that the provisions in Section 6
              of the Employment Agreement which relate to TARSAP vesting during
              Salary Continuation were intended to only apply to TARSAP I.

         2.   The parties agree that the following provision applies regarding
              vesting of TARSAP II during a period of Salary Continuation:

                  The next potential vesting installment of TARSAP II for
                  Executive after the Separation Date if the installment is
                  earned will vest for Executive (all, part or none) at the
                  CEO's and HRC's discretion. If a Change in Control as defined
                  in Executive's Severance Agreement occurs during Salary
                  Continuation, Executive will only be entitled to the next
                  potential vesting installment of TARSAP II not otherwise
                  earned. Unvested shares at the end of Salary Continuation are
                  forfeited.

         IN WITNESS WHEREOF, the parties have executed this Amendment as of this
2nd day of August, 2000.

Executive:                           Harrah's Operating
                                     Company, Inc.

/s/ JOHN M. BOUSHY                   By: /s/ MARILYN G. WINN
---------------------------              ------------------------------
                                     Title: Senior Vice President HR<PAGE>

                                                                    Exhibit 10.3

                        Amendment to Employment Agreement
                            With Stephen H. Brammell

                                 August 2, 2000

         This Amendment amends the Employment Agreement dated July 30, 1999,
between the undersigned Executive and Harrah's Operating Company, Inc.

         In consideration of the mutual agreements herein, it is agreed as
follows:

         1.   The parties understand and agree that the provisions in Section 6
              of the Employment Agreement which relate to TARSAP vesting during
              Salary Continuation were intended to only apply to TARSAP I.

         2.   The parties agree that the following provision applies regarding
              vesting of TARSAP II during a period of Salary Continuation:

                  The next potential vesting installment of TARSAP II for
                  Executive after the Separation Date if the installment is
                  earned will vest for Executive (all, part or none) at the
                  CEO's and HRC's discretion. If a Change in Control as defined
                  in Executive's Severance Agreement occurs during Salary
                  Continuation, Executive will only be entitled to the next
                  potential vesting installment of TARSAP II not otherwise
                  earned. Unvested shares at the end of Salary Continuation are
                  forfeited.

         IN WITNESS WHEREOF, the parties have executed this Amendment as of
this 2nd day of August, 2000.

Executive:                                     Harrah's Operating
                                               Company, Inc.

/s/ STEPHEN H. BRAMMELL                        By: /s/ MARILYN G. WINN
---------------------------                        -----------------------------
                                               Title: Senior Vice President HR<PAGE>

                                                                    Exhibit 10.4

                        Amendment to Employment Agreement
                               With Janis L. Jones

                                 August 2, 2000

         This Amendment amends the Employment Agreement dated November 1, 1999,
between the undersigned Executive and Harrah's Operating Company, Inc.

         In consideration of the mutual agreements herein, it is agreed as
follows:

         1.   The parties understand and agree that the provisions in Section 6
              of the Employment Agreement which relate to TARSAP vesting during
              Salary Continuation were intended to only apply to TARSAP I.

         2.   The parties agree that the following provision applies regarding
              vesting of TARSAP II during a period of Salary Continuation:

                  The next potential vesting installment of TARSAP II for
                  Executive after the Separation Date if the installment is
                  earned will vest for Executive (all, part or none) at the
                  CEO's and HRC's discretion. If a Change in Control as defined
                  in Executive's Severance Agreement occurs during Salary
                  Continuation, Executive will only be entitled to the next
                  potential vesting installment of TARSAP II not otherwise
                  earned. Unvested shares at the end of Salary Continuation are
                  forfeited.

         IN WITNESS WHEREOF, the parties have executed this Amendment as of this
2nd day of August, 2000.

Executive:                              Harrah's Operating
                                        Company, Inc.

/s/ JANIS L. JONES                      By: /s/ MARILYN G. WINN
---------------------------                 ------------------------------
                                        Title: Senior Vice President HR<PAGE>

                                                                    Exhibit 10.5

                        Amendment to Employment Agreement
                              With Marilyn G. Winn

                                 August 2, 2000

         This Amendment amends the Employment Agreement dated May 7, 1999,
between the undersigned Executive and Harrah's Operating Company, Inc.

         In consideration of the mutual agreements herein, it is agreed as
follows:

         1.   The parties understand and agree that the provisions in Section 6
              of the Employment Agreement which relate to TARSAP vesting during
              Salary Continuation were intended to only apply to TARSAP I.

         2.   The parties agree that the following provision applies regarding
              vesting of TARSAP II during a period of Salary Continuation:

                  The next potential vesting installment of TARSAP II for
                  Executive after the Separation Date if the installment is
                  earned will vest for Executive (all, part or none) at the
                  CEO's and HRC's discretion. If a Change in Control as defined
                  in Executive's Severance Agreement occurs during Salary
                  Continuation, Executive will only be entitled to the next
                  potential vesting installment of TARSAP II not otherwise
                  earned. Unvested shares at the end of Salary Continuation are
                  forfeited.

         IN WITNESS WHEREOF, the parties have executed this Amendment as of this
2nd day of August, 2000.

Executive:                             Harrah's Operating
                                       Company, Inc.

/s/ MARILYN G. WINN                    By: /s/ STEPHEN H. BRAMMELL
---------------------------                ------------------------------
                                       Title: Senior Vice President<PAGE>

                                                                    Exhibit 10.6

                              EMPLOYMENT AGREEMENT
                            ------------------------

         THIS AGREEMENT is made and entered into as of the 25th day of August,
2000, by and between HARRAH'S OPERATING COMPANY, INC., (hereinafter referred to
as the "Company") and RICH MIRMAN, (hereinafter referred to as the "Executive").

                                   I. RECITALS

         A. The Company desires to employ (or continue to employ) Executive, and
Executive desires to serve as an employee of the Company, on the terms and
conditions set forth in this Agreement.

         B. Executive understands that he will be employed in a sensitive
position with access to, and requiring knowledge of confidential and
commercially valuable information of the Company, including but not limited to
the current and future marketing plans for the Company and all of its wholly
owned subsidiaries and affiliates, the unauthorized use or disclosure of which,
during and following his separation of employment, could cause the Company and
its subsidiaries serious and irreparable injury.

         C. Executive also acknowledges that, by virtue of his position with the
Company, Executive will have dealings with customers who have close and ongoing
relationships with the Company, and that Executive's competition for or
solicitation of such customers following Executive's separation of employment
would cause the Company serious and irreparable injury.

         D. Executive acknowledges that the Company would not have entered into
this Agreement without Executive's express understanding of and agreement with
the confidentiality, non-competition and non-solicitation provisions set forth
in this Agreement.

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

         1. Employment of Executive. The Company agrees to employ Executive, and
Executive accepts such employment and agrees to
<PAGE>

serve as an employee of the Company on the terms and conditions set forth
herein.

         2. Term. Subject to Section 6 hereof, the term of Executive's
employment hereunder ("Employment Term") shall commence on the date set forth
above ("the Effective Date") and shall continue for a period of four years;
provided that this Agreement will automatically renew for successive one-year
periods thereafter unless (1) otherwise terminated under Section 6, or (2)
either party notifies the other party, in writing, at least thirty (30) days
prior to the otherwise scheduled expiration of the Employment Term that such
Term of Employment shall not so renew.

         3. Position and Duties. During the Employment Term, Executive shall
serve the Company in the capacity of Senior Vice President of Marketing
performing such services as may be assigned or required by the Executive's
supervisor or other higher executives. Executive shall devote his best
efforts and his full business time and attention to the performance of the
services customarily incident to such office or position, and such other
services and duties and responsibilities as may be reasonably requested by
the Company, which may include services for one or more subsidiaries of the
Company. Said services shall be performed exclusively for the Company and its
subsidiaries, except for (1) service on civic or charitable boards or
committees, approved by the Company, involving no conflict of interest with
the interests of the Company and not interfering with the regular performance
of his duties hereunder, and (2) sick leave, leave of absences, and periods
of paid time off (PTO), all in accordance with the Company's policies.

         4. Place of Performance. The services to be provided by Executive
hereunder shall be performed at the Company's subsidiary in Las Vegas,
Nevada, or at such other location as the Company, in its sole discretion, may
designate. Executive understands and agrees that an essential function of the
services provided by Executive requires that he will be able to travel to the
Company's subsidiaries and other locations and may be required to relocate.

         5. Compensation and Related Matters. During the Term, Executive
shall be entitled to receive the following compensation and benefits:
<PAGE>

                  (a) Base Salary. Executive shall receive a Base Salary ("Base
         Salary") at an annual rate of $275,000. Executive's Base Salary shall
         be subject to review on April 1st of each year in accordance with
         Company's regular administrative practices of salary review applicable
         for executives of the Company. Salary increases shall be in the
         discretion of the Company. Base Salary shall be paid in substantially
         equal periodic installments, but not less frequently than monthly, in
         accordance with the Company's customary salary payment policies
         applicable to employees of the Company.

                  (b) Performance Bonus. Executive shall be eligible for
         participation in an annual bonus plan, subject to the terms and
         conditions of the bonus plan, as may be amended from time to time, for
         Executive's salary and grade level. The amount of the bonus, if any,
         shall be in the discretion of the Company. To be eligible for a bonus
         for a calendar year, Executive must be actively employed (actually
         performing work) on March 15th of the following year and/or the date
         set forth in Company's Bonus Plan subject to the terms of the bonus
         plan.

                  (c) Stock Options and Restricted Stock. Executive shall be
         eligible for participation in the Company's Stock Option and Restricted
         Stock Plan pursuant to the terms of the Stock Option and Restricted
         Stock Plans, as modified from time to time. The Company's management
         will recommend to the Company's Human Resources Committee (HRC) that
         Executive be granted options and restricted stock when such awards are
         normally made to employees in general. Company management will
         recommend that HRC determine the number and frequency of options and
         restricted stock awards to be granted Executive. Generally the number
         of options and restricted stock will be based on the same criteria as
         are generally used for other employees at Executive's grade level,
         subject to Stock Options and Restricted Stock Plans, as may be modified
         from time to time. However, awards for employees in a particular level
         can vary in amount depending on subject factors and there is no
         guarantee of uniform treatment. HRC will set the exercise price of the
         options. HRC has the sole right to determine the amount and mix of
         options and restricted stock, if any, to be granted to Executive and
         the grants are not subject to change. All awards are subject to the
         terms of the Company's plans, and their administrative regulations as
         these may be amended
<PAGE>

         from time to time, and the award certificates. Executive understands
         that there is no guarantee of the projected value of the grants, and
         grants are subject to approval each year by the HRC. Executive also
         understands that the ability to exercise stock options and receive
         vested restricted stock are also subject to the terms of the
         Company's plans.

                  (d) TARSAP II Grant. Executive will also be eligible to
         receive up to 50,000 shares of TARSAP II, as further consideration for
         Executive's covenants of confidentiality, non-competition and
         non-solicitations as set forth in Sections 8 and 9 of this Agreement.
         Executive's eligibility for such shares and the time and manner of
         their vesting will be according to the Plan's rules and procedures,
         which are subject to change, modification or termination.

                  (e) Other Benefits - During Term of Employment. Executive
         shall be entitled to participate in any life, health, and long-term
         disability insurance plans, retirement programs, deferred compensation,
         financial counseling, other incentive compensation programs, PTO, and
         other fringe benefits made available to other executive employees of
         the Company in similar grade levels to that of the Executive at his
         location, subject to the benefits provisions and eligibility rules
         thereof. The Company has the exclusive right to modify, add and
         eliminate any of these benefits.

                  (f) Certain Health Insurance Benefits. If (i) the Executive
         reaches the age of 50 and, when added to his number of years of
         continuous service with the Company, the sum of his age and years of
         service equals or exceeds 65, and at anytime after the occurrence of
         such events the Executive's employment is terminated pursuant to
         Section 6(d) or 6(e) or a non-renewal of this Agreement; or (ii) the
         Executive reaches the age of 55 and has attained 10 years of continuous
         service with the Company, and at any time after the occurrence of both
         such events the Executive is separated from employment for any reason
         other than for "cause" as described in Section 6(a), the Executive and
         his then eligible dependents shall be entitled to participate in the
         Company's group health insurance plan, as amended from time to time by
         the Company, as of the Executive's Separation Date or the end of the
         Salary Continuation Period (as defined in Section 7(c)), as applicable
         for the remainder of the Executive's life (Life Coverage Period).
<PAGE>

         During the Life Coverage period, the Executive shall pay 20% of the
         current premium (revised annually) on an after-tax basis each quarter,
         and the Company shall pay 80% of said premium on an after-tax basis
         each quarter, which contribution shall be imputed income to the
         Executive. As soon after the Separation Date as the Executive becomes
         eligible for Medicare coverage, the Company's group heal insurance plan
         shall become secondary to Medicare. If Executive breaches the
         provisions of Section 8 and/or 9 during the Life Coverage Period, the
         entitlement of Executive and his then dependents to participate in the
         Company's group health plan shall terminate automatically without
         further action or notice by either party, subject to applicable COBRA
         rights, which shall commence on the Separation Date.

                  (g) EDCP Retirement Rate. If Executive reaches the age of 50
         and, when added to his number of years of service equals or exceeds 65,
         and at any time after the occurrence of both events, the Executive's
         employment is terminated pursuant to Section 6(d) or 6(e), the
         Executive shall be entitled to receive his distributions from EDCP at
         the retirement rate. For EDCP retirement rate purposes, the Executive
         will receive service credit for the Salary Continuation period, if
         applicable.

                  (h) Change in Control. If a Change in Control, as defined in
         the Executive's Severance Agreement, occurs during the Executive's
         Active Employment, and if the Severance Agreement is in force when the
         Change in Control occurs, then the Severance Agreement supercedes and
         replaces this Agreement, except that notwithstanding anything to the
         contrary in the Severance Agreement, the provisions of Section 8 and 9
         of this Agreement will remain in full force and effect. If, prior to
         the change in Control (as defined above), the Executive's Active
         Employment has been terminated for any reason by either party or this
         Agreement is not renewed by the Company, then the Executive's Severance
         Agreement automatically terminates.

         6. Separation of Employment.

                  (a) Death. The death of Executive shall automatically
         terminate the Company's obligations hereunder, except as set forth in
         7(a) below.
<PAGE>

                  (b) Total Disability. If Executive is disabled so that in the
         Company's opinion he would qualify for disability under the Company's
         Long Term Disability Plan if he applied for it, the Company shall be
         entitled to separate Executive's employment with the Executive
         reserving his rights to apply for disability benefits based on becoming
         disabled during active employment. This separation will terminate the
         Employer's obligations to Executive, except as set forth in Section
         7(b). All the provisions and obligations of Executive under Sections 8
         and 9 will survive his Separation for Disability.

                  (c) Separation For Cause. At any time during the term of this
         Agreement, the Company may separate Executive's employment for cause,
         in which event Executive's employment will immediately terminate. For
         the purpose of this Agreement, the Company shall have "Cause" to
         separate Executive's employment for any of the following reasons: (1)
         dishonesty or fraud, (2) disclosure of confidential information
         (Section 8) regarding the Company or other material breach of Section
         8, (3) aiding a competitor (as defined in Section 8) of the Company or
         other material breach of Section 8, (4) the use by Executive of
         controlled substances (not legally prescribed by a physician) or the
         use of alcohol that interferes, in the sole discretion of the Company,
         with the performance of the Executive duties, or (5) willful
         misconduct, insubordination, acts of moral turpitude or gross
         negligence in the performance of his duties hereunder which are
         injurious to the Company or any of it subsidiaries as determined in
         good faith by management. Separation for Cause shall be approved by the
         Chief Executive Officer or his designee but only after reasonable
         notice to Executive and a reasonable opportunity to explain the
         conduct. The failure of the Executive to meet financial projections,
         budgets or target performance objectives alone shall not be deemed
         willful misconduct or gross negligence for the purposes of this
         Agreement. All the provisions and obligations of Executive under
         Sections 8 and 9 will survive his Separation for Cause.

                  (d) Separation Without Cause. Notwithstanding anything to the
         contrary contained in this Agreement, the Company may in its sole
         discretion, at any time, separate Executive from employment with the
         Company Without Cause. All the provisions and obligations of Executive
         under Sections 8 and 9 will survive Separation Without Cause.
<PAGE>

                  (e) Separation by Executive Without Good Reason. Executive may
         terminate his employment at any time Without Good Reason upon 30 days
         prior written notice. All the provisions and obligations of Executive
         under Sections 8 and 9 will survive his Separation Without Good Reason.

                  (f) Notice of Separation. Any purported separation of
         Executive's employment hereunder by the Company or Executive (other
         than separation by reason of the death of Executive) shall be effective
         when communicated to the other party by a Notice of Separation. For the
         purposes of this Agreement, a "Notice of Separation" shall be a written
         notice indicating the specific separation provision in this Agreement
         relied upon and the Separation Date. If Executive vacates or abandons
         his job and does not give Notice of Separation, the Separation Date
         will be the last day worked or such other date as the Company may
         select.

                  (g) Separation For Any Reason. Separation of Executive's
         employment for any reason shall not constitute a waiver of Executive's
         obligations under Sections 8 and 9 hereof.

         7. Payments Upon Separation.

                  (a) Payments Upon Death. If Executive's employment hereunder
         is separated by reason of Death during his Active Employment, the
         Company shall pay to Executive's estate his Base Salary and accrued PTO
         through the Separation Date at the rate in effect on the Separation
         Date. His estate and beneficiary(ies) will receive the benefits to
         which they are entitled under the terms of the applicable benefit plans
         and programs by reason of a participant's death during active
         employment. If Executive dies during the Salary Continuation Period,
         the remaining Salary Continuation will be paid in a lump sum to the
         Executive's estate and his estate and/or beneficiary(ies) will receive
         the benefits applicable to an employee who dies during salary
         continuation.

                  (b) Payments Upon Total Disability. If Executive qualifies for
         disability under the Company's Long Term Disability Plan, then the
         terms and provisions of the Company benefit plans and the programs
         (including EDCP, if he is a participant at the time of acceptance of
         his disability, and the Company's Stock Option and Restricted
<PAGE>

         Stock Plans) that are applicable in the event of such disability of an
         employee shall apply in lieu of the salary and benefits under this
         Agreement. If the Executive becomes disabled during the Salary
         Continuation Period, he will not be eligible for benefits under the
         Company's Long Term Disability Plan and will be entitled only to the
         salary and benefits described in Paragraph 7(c) below for the periods
         set forth in those respective paragraphs.

                  (c) Payments Upon Separation for Cause or By Executive Without
         Good Reason. If Executive's employment hereunder is separated by the
         Company for Cause pursuant to Section 6(c) or by Executive Without Good
         Reason pursuant to Section 6(e), then the Company shall pay Executive
         his Base Salary and accrued PTO through the Separation Date at the rate
         in effect at the time notice of separation is given and the Company
         shall have no further obligation to the Executive other than COBRA
         rights, if any, and other normal rights offered to terminated employees
         under benefit programs, if any. However, the covenants contained in
         Sections 8 and 9 and all the Executive's obligations shall survive the
         separation of Executive's employment with the Company. In addition, if
         the separation is by the Executive without Good Cause, the special
         non-compete clause in Executive's Stock Option Plan will also survive.

                  (d) Payments Upon Separation Without Cause. If Executive's
         employment is separated by the Company Without Cause pursuant to
         Section 6(d), then the Company shall, as severance pay, provide to
         Executive the payment and benefits set forth in this section; provided,
         however, that Executive's entitlement to any such payments or benefits
         shall be expressly subject to, conditional upon, in consideration of
         the Company receiving a release prepared by the Company and executed by
         Executive, waiving and releasing the Company, its parent company, their
         subsidiaries and affiliates, and their officers, directors, agents,
         benefit plan trustees and employees from any and all claims, whether
         known or unknown, and regardless of type, cause or nature, including
         but not limited to claims arising under all salary, bonus, stock,
         vacation (PTO), insurance and other benefit plans and all state and
         federal anti-discrimination, civil rights and human rights laws,
         ordinances and statutes, including Title VII of the Civil Rights Act of
         1964 and 1991, the Age Discrimination in Employment Act, as amended by
         the Older Worker's Benefit Protection Act of 1990,
<PAGE>

         and the American's with Disabilities Act covering Executive's
         employment with the Company, its subsidiaries and affiliates, and
         the cessation of that employment. Pursuant to this Section 7(d),
         Executive will receive the following benefits:

                           (i) Company shall pay Executive 52 weeks of Salary
                  Continuation, plus PTO earned and unused through the
                  Separation Date (PTO paid in a lump sum), plus all normal,
                  applicable benefits (E.G., health, dental and life insurance,
                  savings and retirement plan participation but not eligibility
                  for the Company's Long Term Disability Plan and no further PTO
                  will accrue) with the Company beginning the day following the
                  Separation Date (the "Salary Continuation Period"). Salary
                  Continuation will be paid on a bi-weekly basis. If Executive
                  dies during the Salary Continuation Period, the Company,
                  within ten (10) days of becoming aware of such event, will
                  pay, by check, to his estate the lump sum amount equal to the
                  salary he would have earned during the remainder of the Salary
                  Continuation Period (The date of the check for the lump sum is
                  herein referred to as the "Termination Date"). However, if
                  during the Salary Continuation Period, the Executive violates
                  Paragraphs 8 and 9 hereof, all salary continuation and
                  benefits (except COBRA rights) will cease and Executive will
                  immediately be obligated to return all salary continuation
                  payments previously received during the Salary Continuation
                  Period. The Company will also have the right to enforce those
                  covenants as set forth in Sections 8 and 9. During the Salary
                  Continuation Period, Executive shall remain an employee of the
                  Company and, solely for stock option exerciseability, group
                  health and life insurance and EDCP or DCP retirement purposes,
                  shall receive service credit during that period. Executive
                  will be responsible for the employee portion of the cost of
                  such insurance during the Salary Continuation Period similar
                  to other employees. All Salary Continuation will end if
                  Executive obtains a position within the Company or one of its
                  subsidiaries.

                           (ii) Executive will be entitled, at the Company's
                  expense, to Executive outplacement services being provided at
                  that time to terminated executives at his grade level
<PAGE>

                           (iii) The Company may, as a further condition to the
                  separation payment, require that Executive provide transition
                  consulting services to the Company regarding knowledge of
                  matters on which he worked, on a reasonable basis and at times
                  mutually convenient to the Company and Executive during the
                  Salary Continuation Period.

                           (iv) Regarding salary, benefits and related matters
                  (Benefits), the following schedule summarizes Executive's
                  participation in each of the applicable salary and benefit
                  plans and the respective dates on which such participation, or
                  eligibility to participate, terminates:

<PAGE>

                  Benefit                          Date Benefits Terminate

                  --------                         -------------------------

                  Base Salary                      See subparagraph 7(d)(i).

                  Use of credit cards              Separation Date.

                  Bonus Payment                    Eligible for prior plan
                                                   year bonus if separated in
                                                   the next year prior to
                                                   payment. Not eligible for
                                                   bonus for current year.

                  Insurance, including             End of Salary Continuation
                      Health                       Period or Termination Date,
                      Dental                       whichever occurs first. The
                                                   18 month COBRA rights period
                      Vision                       for health insurance will
                      Life                         commence on the Separation
                                                   Date. If Executive obtains
                                                   employment and if the
                                                   employer provides
                                                   insurance, whether at the
                                                   Executive's cost or
                                                   partial cost, Executive
                                                   must enroll in such
                                                   coverage, and the
                                                   Company's group health
                                                   insurance plan shall
                                                   become secondary to any
                                                   primary health coverage
                                                   made available to the
                                                   Executive by that business.

                  Eligibility for New Restricted   Separation Date
                  Stock or New Stock Options

                  Retaining existing Restricted    See Paragraph 7(d)(v)
                  Stock for vesting and other
                  rights
<PAGE>

                  Retaining existing stock         See Paragraph 7(d)(v)
                  options for vesting and other
                  rights

                  Use of financial counseling      End of Salary Continuation
                                                   Period or Termination
                                                   Date. Executive will only
                                                   be eligible for the
                                                   financial counseling for
                                                   any amount remaining in
                                                   the calendar year in which
                                                   he is separated.

                  Savings and Retirement Plan      Active contribution will end
                                                   December 31st of the year
                                                   of Separation Date, death,
                                                   or the end of the Salary
                                                   Continuation Period,
                                                   whichever comes first.
                                                   Separation of employment
                                                   for distribution purposes
                                                   will be end of Salary
                                                   Continuation Period or
                                                   death.

                  TARSAP II                        Executive will be eligible,
                                                   at sole discretion of CEO
                                                   and also subject to HRC
                                                   approval if CEO recommends
                                                   any vesting, for all or
                                                   part of the next vesting
                                                   (based on achieving
                                                   performance targets) after
                                                   Separation Date. Executive
                                                   will not be eligible for
                                                   any other payments (other
                                                   than any previous TARSAP
                                                   II deferral) or vestings
                                                   and CEO has no obligation
                                                   to recommend any vesting.
                                                   TARSAP II shares that are
                                                   not so vested will be
                                                   forfeited. If a Change in
                                                   Control occurs during
<PAGE>

                                                   the Salary Continuation
                                                   Period, participant would
                                                   only be entitled to the
                                                   next vesting installment
                                                   not otherwise earned
                                                   (I.E., all TARSAP II
                                                   shares will not
                                                   automatically accelerate).

                  Executive Deferred               Active contribution will end
                                                   Compensation Plan (EDCP)
                                                   December 31st of the year
                                                   of Separation Date, death,
                                                   or the end of the Salary
                                                   Continuation Period,
                                                   whichever comes first.
                                                   Separation of employment
                                                   for distribution purposes
                                                   will be end of Salary
                                                   Continuation Period or
                                                   death.

                           (v) Regarding Executive's unvested shares of
                  restricted stock, except for TARSAP II, if any, and unvested
                  stock options, they will be automatically forfeited and
                  returned to Harrah's Entertainment, Inc. (HET) as of the
                  Separation Date, and Executive shall have no further rights
                  thereto. All vested stock options can be exercised during the
                  Salary Continuation Period and may be exercisable thereafter
                  for a limited period if Executive meets the required age and
                  service requirements under the plan.

                           (vi) With respect to the EDCP, if Executive is a
                  participant, Executive understands and agrees that the date
                  for the purposes of determining the commencement of
                  Executive's distribution entitlement with respect to his
                  deferrals into the EDCP will be the earlier of the date on
                  which Salary Continuation Period ends or death. The payment of
                  such benefits will be made in accordance with the plan and as
                  elected by Executive in the EDCP participation agreement(s) in
                  effect at the Separation Date between Executive and Harrah's
                  Entertainment, Inc. Effective the first day of the Salary
                  Continuation
<PAGE>

                  Period, Executive understands and agrees that the death
                  provision of the EDCP which provides a lump sum payment of
                  three times deferrals upon death will no longer be
                  applicable. All other death benefit provisions remain in
                  effect. Balances, if any, in the EDCP will continue to be
                  protected by, and subject to the terms and conditions
                  (including those relating to amendment and termination) of
                  the Escrow Agreement, dated February 1990, as amended,
                  among (HET), the Company and Bank of America.

                           (vii) With respect to the DCP, if Executive is a
                  participant, Executive understands and agrees that the date
                  for purposes of determining the commencement of Executive's
                  benefit distribution with respect to his deferrals into the
                  DCP will be the earlier of the date on which the Salary
                  Continuation Period ends or death. The payment of such
                  benefits will be made in accordance with the plan as elected
                  by Executive in his participation agreements in effect on the
                  Separation Date between Executive and HET.

                           (viii) Notwithstanding anything to the contrary in
                  this Section 7(d), the Company's obligations under this
                  Section 7(d) shall cease (except for obligations pursuant to
                  the terms of any benefit plan) if Executive breaches in any
                  material respect any of the covenants set forth in Section 8
                  of this Agreement or breaches, other than an inadvertent
                  non-material breach, any of the covenants of Executive set
                  forth in Section 9 of this Agreement and such breach is not
                  explained to the Company's satisfaction within ten days from
                  the date written notice thereof is given to Executive by the
                  Company. Executive understands that the Company has a right to
                  seek enforcement of Executive's obligations under Sections 8
                  and 9.

         8. Confidentiality.

                  (a) Executive's position with the Company will or has resulted
         in his exposure and access to confidential and proprietary information
         which he did not have access to prior to holding the position, which
         information is of great value to the Company and the disclosure of
         which by him, directly or indirectly, would be irreparably injurious
         and detrimental to the Company. During his term of employment
<PAGE>

         and without limitation thereafter, Executive agrees to use his best
         efforts and to observe the utmost diligence to guard and protect all
         confidential or proprietary information relating to the Company from
         disclosure to third parties. Executive shall not at any time during
         and after his Separation Date, make available, either directly or
         indirectly, to any competitor or potential competitor of the Company
         or any of its subsidiaries, or their affiliates or divulge,
         disclose, communicate to any firm corporation or other business
         entity in any manner whatsoever, any confidential or proprietary
         information covered or contemplated by this Agreement, unless
         expressly authorized to do so by the Company in writing.

                  (b) For the purpose of this Agreement, "Confidential
         Information" shall mean all information of the Company, its
         subsidiaries and affiliates , relating to or useful in connection with
         the business of the Company, its subsidiaries, affiliates, and National
         Airlines, whether or not a "trade secret" within the meaning of
         applicable law, which at the time of Executive's initial employment is
         not generally known to the general public and which has been or is from
         time to time disclosed to or developed by Executive as a result of his
         employment with the Company. Confidential Information includes, but is
         not limited to (1) the Company's product development and marketing
         programs, data, future plans, formula, food and beverage procedures,
         recipes, finances, financial management systems, player identification
         systems (Gold Card), pricing systems, client and customer lists,
         organizational charts, salary and benefit programs, training programs,
         computer software, business records, files, drawings, prints,
         prototyping models, letters, notes, notebooks, reports, and copies
         thereof, whether prepared by him or others, and any other information
         or documents which Executive is told or reasonably ought to know that
         the Company regards as confidential.

                  (c) Executive agrees that upon separation of employment for
         any reason whatsoever, he shall promptly deliver to the Company all
         confidential information, including but not limited to, documents,
         reports, correspondences, computer printouts, work papers, files,
         computer lists, telephone and address books, rolodex cards, computer
         tapes, disks, and any and all records in his possession (and all copies
         thereof) containing any such
<PAGE>

         confidential information created in whole or in part by Executive
         within the scope of his employment, even if the items do not contain
         confidential information.

                  (d) Executive shall also be required to sign a non-disclosure
         or confidentiality agreement. Such an agreement shall also remain in
         full force and effect, provided that, in the event of any conflict
         between any such agreement(s) and this Agreement, this Agreement shall
         control.

                  (e) This paragraph and any of its provisions will survive
         Executive's separation of employment for any reason.

         9.  Non-competition Upon Separation of Employment.

                  (a) As an inducement for the Company to enter into this
         Agreement, and in consideration of the Employment of Executive, as well
         as TARSAP II shares set forth in Paragraph 5(d) and the separation pay
         and benefits set forth in Section 7(d), Executive agrees that,
         commencing on the Executive's Separation Date with the Company, if
         Separated Without Cause, and continuing for the 52 week salary
         continuation period set forth in Section 7(d), Executive shall not,
         except with the prior written consent of the Company, engage in
         directly or indirectly in any activity, in any manner or capacity,
         whether as an employee, consultant, employer, partner, stockholder
         (other than as the holder of less than 5% of the stock of a
         corporation, the securities of which are traded on a national
         securities exchange or in the over-the-counter market), director,
         officer, or otherwise (including but not limited to solicitation of
         customers or employees of the Company, its subsidiaries, affiliates)
         which is competitive with or in competition with the Company, its
         subsidiaries, affiliates, in the casino, casino/hotel, or casino/resort
         business within 150 miles of any location that the Company, its
         subsidiaries, or their affiliates shall at the Separation Date or
         during the Salary Continuation Period then be doing business, or has
         announced the building of, or agreement to build and/or manage a
         casino, casino/hotel and/or casino/resort. This provision shall apply
         to the United States, Canada, and Mexico, and any islands located off
         the coast of the United States and/or Caribbean where the Company has a
         property. Executive acknowledges and agrees that the provisions of this
         paragraph are reasonable both as to time and geographic limitation in
         light of the fact the
<PAGE>

         Company, and its subsidiaries, solicit customers for each of its
         subsidiaries throughout these geographic areas.

                  (b) Executive will not, at any time prior to two years from
         the Separation Date, either directly or indirectly, induce, persuade or
         attempt to induce or persuade, any salary grade 20 or higher employee
         of the Company, its subsidiaries or National Airlines to leave or
         abandon employment with the Company, its subsidiaries or affiliates for
         any reason whatsoever.

                  (c) Executive will not, beginning on his Separation Date,
         communicate with employees, customers, or suppliers of the Company, or
         its subsidiaries or affiliates of the Company or any principals or
         employee thereof, or any person or organization in any manner
         whatsoever that is detrimental to the interest of the Company, its
         subsidiaries or affiliates. Executive further agrees from his
         Separation Date not to make statements to the press or general public
         with respect to the Company or its subsidiaries or affiliates that is
         detrimental to the Company, its subsidiaries, affiliates or employees
         without the express written prior authorization of the Company.
         Notwithstanding the foregoing, Executive shall not be prohibited at the
         expiration of the non-competition period from pursuing his own business
         interests which may conflict with the interests of the Company.

                  (d) Executive and Company each intends and agrees that if, in
         any action before any court, agency or arbitration tribunal, legally
         empowered to enforce the covenants in this Paragraph 9, any term,
         restriction, covenant or promise contained therein is found to be
         unreasonable and, accordingly, unenforceable, then such terms,
         restriction, covenant or promise shall be deemed modified to the extent
         necessary to make it enforceable by such court or agency.

                  (e) Should any court, agency or arbitral tribunal legally
         empowered to enforce the covenants contained in this Paragraph 9 fail
         or refuse to enforce the terms, restrictions, covenants or promises
         herein (except if it has been modified to make it enforceable): (i)
         Executive understands that all eligibility for TARSAP II will cease;
         (ii) Executive will return all TARSAP II stock received and/or the net
         amount after tax received for selling said stock; (iii) the Company, if
         applicable, will not be
<PAGE>

         obligated to pay Executive the severance payments contained in the
         Agreement (except for required benefits under benefit plans); and
         (iv) Executive will also reimburse the Company any severance
         payments received, as well as any reasonable costs, and attorney
         fees to secure such repayments.

                  (f) As further inducement for the Company to enter into the
         Agreement, and in consideration of the employment of Executive, as well
         as the TARSAP II set forth in Paragraph 5(d), the provisions of Section
         9 will also apply to Executive's Separation for Cause and Executive's
         Separation Without Good Reason except in these circumstances, the
         non-competition period will be 26 weeks rather than the 52 weeks.

         10. Injunctive Relief. Executive acknowledges and agrees that the terms
provided in Sections 8 and 9 are the minimum necessary to protect the Company,
its affiliates and subsidiaries, its successors and assigns in the use and
enjoyment of the confidential information and the good will of the business of
the Company. Executive further agrees that damages cannot fully and adequately
compensate the Company in the event of a breach or violation of the restrictive
covenants (confidential information and non-competition) and that without
limiting the right of the Company to pursue all other legal and equitable
remedies available to it, that the Company shall be entitled to injunctive
relief, including but not limited to a temporary restraining order, temporary
injunction and permanent injunction, to prevent any such violations or any
continuation of such violations for the protection of the Company. The granting
of injunctive relief will not act as a waiver by the Company to pursue any and
all additional remedies.

         11. Post Employment Cooperation. Executive agrees that upon separation
for any reason from the Company, Executive will cooperate in assuring an orderly
transition of all matters being handled by him. Upon the Company providing
reasonable notice to him, he will also appear as a witness at the Company's
request and/or assist the Company in any litigation, bankruptcy or similar
matter in which the Company or any affiliate thereof is a party or otherwise
involved. The Company will defray any reasonable out-of-pocket expenses incurred
by Executive in connection with any such appearance. In connection thereof, the
Company agrees to indemnify Executive as prescribed in Article Tenth of the
Certificate of Incorporation, as amended, of HET filed on November 2, 1989, in
the Office of the Secretary of
<PAGE>

State of the State of Delaware and recorded at Book 935, Page 780, ET. SEQ.

         12. Waiver of Breaches. The failure, delay or forbearance of any of the
parties to insist on strict performance of any term, provision or condition of
this Agreement or, in the case of the Company, of any comparable agreement with
any other company, or to exercise any right or remedy, shall not be construed as
a waiver. Express waiver by any party in one or more instances shall not waive
subsequent strict performance of such term, provision or condition by any other
party.

         13. Notices. Any notice to be given hereunder by either party to the
other pay may be effected by personal delivery, in writing, or by mail,
registered or certified, postage prepaid with return receipt requested. Mailed
notices shall be addressed to parties at the addresses set forth below, but each
party may change his or its address by written notice. Notices shall be deemed
communicated as the actual receipt or refusal of receipt by Executive.

         If to Executive:    Rich Mirman

                             ------------------

                             ------------------

         If to Company: Harrah's Operating Company, Inc.

         14. Assignment. This Agreement and the rights, interests and benefits
hereunder are personal to the Executive and shall not be assigned, transferred
or pledged in any manner by Executive or any personal representatives, heirs,
administrators, distributees or any other person claiming under Executive by
virtue of this Agreement. This Agreement and all of the Company's rights and
obligations hereunder may be assigned, without Executive's consent, to any
entity which acquires substantially all of the assets of the Company or which
merges with the Company and which agrees to be bound hereby.

         15. Attorneys Fees. If any legal action or other proceeding is brought
for the enforcement of this Agreement of an alleged dispute, breach or default
in connection with any
<PAGE>

provision of this Agreement, the Company, if successful shall be entitled to
recover reasonable attorney fees and other costs incurred in such action or
proceeding in addition to any other relief to which it may be entitled.

         16. Partial Invalidity. If any provision of this Agreement is held by a
court of competent jurisdiction to be invalid, void, or unenforceable, the
remaining provisions shall, nevertheless, continue in full force and without
being impaired or invalidated in any way, except as indicated otherwise.

         17. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Nevada, without regard to principles of
conflict law applicable to contracts made and to be performed with such state.
The Agreement shall be liberally construed to maximize protection of the
Company's rights in confidential information and customer relations. If any
provision of this Agreement is held to be overly broad, invalid or otherwise
unenforceable under the applicable law and circumstances by the reviewing court,
Executive agrees to reduction of the scope (including time and geographic area)
of such provision as such court deems necessary and appropriate to permits its
enforcement as modified. The invalidity or unenforceability in whole or part, of
any provision of this Agreement shall not affect the validity or enforceability
of any provision unless otherwise indicated in this Agreement.

         18. No Conflicting Agreement. By signing this Agreement, Executive
warrants that he is not a party to any restrictive covenant, agreement, or
contract which limits the performance of his duties and responsibilities under
this Agreement or under which such performance would constitute a breach.

         19. Jurisdiction. Any judicial proceeding seeking to enforce any
provision of, or based on any right arising out of, this Agreement or any
agreement identified herein may be brought only in state or federal courts of
the State of Nevada, and by the execution and delivery of this Agreement, each
of the parties hereto accepts for itself the exclusive jurisdiction of the
aforesaid courts and irrevocably consents to the jurisdiction of such courts
(and the appropriate appellate courts) in any such proceedings, waives any
objection to venue laid therein and agrees to be bound by the judgment rendered
thereby in connection with this Agreement or any agreement identified herein
<PAGE>

         20. Survival of Provisions. The provisions of this Agreement shall
survive any separation of Executive if so provided herein and if necessary or
desirable fully to accomplish the purpose of such provisions, including without
limitation the rights and obligations of the Executive under Paragraphs 6, 8 and
14 hereof.

         21. Miscellaneous. The Section headings herein are for convenience only
and shall not affect the meaning or interpretation of the contents hereof. This
Agreement contains the entire agreement between the parties hereto with respect
to the subject matter hereof and supercedes all prior agreements and
understandings between the parties with respect to the subject matter hereof. No
supplement or modification of this Agreement shall be binding unless in writing
and signed by both parties. This Agreement may be executed in multiple
counterparts; each of which shall be deemed an original and all of which
together shall constitute one instrument. This Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective heirs,
personal representative, successors and permitted assigns.

EXECUTIVE ACKNOWLEDGES THAT HE HAS HAD SUFFICIENT OPPORTUNITY TO REVIEW THIS
AGREEMENT WITH HIS ATTORNEY. IF HE DID NOT DO SO, IT IS BECAUSE HE READ AND
UNDERSTOOD THE ENTIRE AGREEMENT AND DID NOT BELIEVE HE NEEDED LEGAL ADVICE.
EXECUTIVE AGREES THAT THE RESTRICTIONS CONTAINED IN THIS AGREEMENT ARE FAIR AND
APPROPRIATE UNDER THE CIRCUMSTANCES.

         IN WITNESS WHEREOF, the parties hereto have knowingly and voluntarily
executed the Agreement as of the day and year first written above.

RICH MIRMAN                                 HARRAH'S OPERATING
                                            COMPANY, INC.

/s/ RICH MIRMAN                             /s/ MARILYN G. WINN
-----------------------                     ------------------------

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