AMENDMENT NO. 2
TO
EMPLOYMENT AGREEMENT
This Amendment
(this “Amendment”), dated as of April 1, 2008,
amends that certain Employment Agreement made and entered into on
the 23 rd
day of April, 2007, as amended by an
amendment dated as of April 1, 2008 (the “Employment
Agreement’) by and between Globecomm Systems Inc., a Delaware
corporation with principal offices located at 45 Oser Avenue,
Hauppauge, N.Y. 11788 (the “Company”), and William
Raney (the “Executive”).
WHEREAS, from the
Effective Date of the Employment Agreement to April 1, 2008,
the Executive had been a Vice President and the General Manager of
the Subsidiary and since April 1, 2008, the Executive has been
Senior Vice President, Corporate Sales and Marketing of the Company
(all capitalized terms not defined in this Amendment shall have the
meanings ascribed to them in the Employment Agreement);
WHEREAS, the
Company wishes to extend the Term of the Employment Agreement and
to redefine the Executive’s responsibilities; and
WHEREAS, as a
result the parties hereto desire to amend the Employment Agreement
in certain respects.
NOW, THEREFORE,
the parties hereto hereby agree to amend the Employment Agreement
as follows:
Section 1 of
the Employment Agreement is hereby deleted and replaced in full
with the following:
“Effective
July 1, 2009, the Company hereby agrees to employ the
Executive to serve in the role of Senior Vice President, Corporate
Office of the Company. The Executive accepts such employment upon
the terms and conditions set forth herein, and further agrees to
perform to the best of his abilities the duties generally
associated with his position (including, but not limited to,
maintaining key customer relationships, creating and pursuing new
business initiatives and identifying and executing merger and
acquisition opportunities
