EXHIBIT 10.22
January 9, 2003
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
[ADDRESS]
Re: Employment Agreement dated April 17, 2000 between ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and
▇▇▇▇▇ Hotels & Casino Resorts, Inc., ▇▇▇▇▇ Hotels & Casino Resorts
Holdings, L.P. and ▇▇▇▇▇ Atlantic City Associates (collectively "▇▇▇▇▇")
(the "Agreement")
Dear ▇▇. ▇▇▇▇▇▇:
This letter will confirm that the Agreement is hereby amended as set forth
below:
1. the Expiration Date is extended to December 31, 2006;
2. paragraph 2 is amended to reflect the annual base salary of $400,000; and
3. paragraph 3 is amended to state that commencing January 1, 2004 the annual
salary shall be increased at a rate not less than 5% per annum.
Except to the extent modified herein, you and ▇▇▇▇▇ hereby ratify the Agreement
and agree that all other terms, conditions and obligations contained therein
remain in full force and effect as stated in the Agreement.
Very truly yours,
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇
------------------------------
▇▇▇▇ ▇. ▇▇▇▇▇
Chief Operating Officer
Agreed and Consented to:
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
--------------------------
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
1/13/03
Date
