Letter Agreement Regarding Automatic Extension of Employment Agreement between PanAmSat and Joseph R. Wright, Jr.
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Summary
This letter from Hughes Electronics, on behalf of PanAmSat, confirms to Joseph R. Wright, Jr. that his employment agreement, originally set to expire on August 19, 2002, was automatically extended through August 19, 2003. It further clarifies that the agreement will continue to renew automatically for one-year terms unless PanAmSat notifies Mr. Wright in writing by June 20th of any year that it does not wish to extend the agreement.
EX-10.71.3 4 y83988exv10w71w3.txt LETTER [HUGHES ELECTRONICS letterhead] Exhibit 10.71.3 February 5, 2003 Joseph R. Wright, Jr. [Address] Dear Joe, As you know, your employment agreement covering the period of August 20, 2001 through August 19, 2002 was automatically extended for an additional year, as per the terms of the agreement, effective through August 19, 2003. I would like to clarify our intent regarding future extensions of your agreement. Your agreement will automatically be extended for an additional year, each and every year thereafter, unless PanAmSat provides you written notification by June 20th of our desire not to extend this agreement. Sincerely, /s/ Sandra L. Harrison - ------------------------- Sandra L. Harrison
