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Amendment
to
Executive Employment
Letter
This Amendment (“Amendment”) to that
certain Executive Employment Agreement, dated as of September 1,
2002, by and between ICO Satellite Services G.P. and Suzanne
Hutchings Malloy (“Agreement”) is made as of the 30th
day of December, 2008 (“Effective Date”) by and between
ICO Satellite Services G.P., (“ICO”), and Suzanne
Hutchings Malloy (“Executive”), ICO and Executive each
a “Party” and collectively, the
“Parties”). Capitalized terms used herein
without definition shall have the meanings given to such terms in
the Agreement.
In
consideration of the mutual promises and covenants set forth herein
and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties hereby
agree as follows:
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Exhibit
A . Exhibit A
attached hereto, is incorporated into the Agreement.
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Counterparts. This Amendment may be executed in
two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the
same instrument.
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Continuing
Effect . With the
exception of this Amendment, the remaining provisions of the
Agreement remain unchanged.
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IN WITNESS WHEREOF, the Parties have executed
this Amendment as of the Effective Date.
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ICO Satellite
Services G.P.
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Suzanne
Hutchings Malloy
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By: ICO Services Limited, a
partner
By: ICO North America, Inc., its
parent
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/s/ J. Timothy
Bryan
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/s/ Suzanne
Hutchings Malloy
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By:
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J. Timothy
Bryan
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By:
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Suzanne
Hutchings Malloy
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Title:
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Exhibit A
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Article IV
– Termination of Employment is amended to add Section
4.3:
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4.3 The
severance amount payab
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