Second Amendment, dated as of December 28, 2018, to Employment Agreement, dated as of December 21, 2015, by and between Intelsat US LLC and Michael DeMarco
EX-10.50 29 exhibit1050secondamend.htm EXHIBIT 10.50 Exhibit
SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
This Second Amendment (“Amendment”) to the December 21, 2015 Employment Agreement (“Employment Agreement”) between Michael DeMarco (the “Executive”) and Intelsat US LLC (formerly known as Intelsat Corporation) is entered into by the undersigned parties.
WHEREAS, effective July 2, 2018, Intelsat Corporation was converted into a limited liability company and was renamed Intelsat US LLC (the “Conversion”); and
WHEREAS, as a result of the Conversion, the name of Executive’s employer is Intelsat US LLC, and all references in the Employment Agreement to the Company are deemed to refer to Intelsat US LLC.
NOW THEREFORE, the parties agree as follows:
Effective as of the date of the Conversion, the name of Executive’s employer is Intelsat US LLC, and all references in the Employment Agreement to the Company shall be deemed to refer to Intelsat US LLC.
As amended and modified by this Amendment, the Employment Agreement shall remain in full force and effect.
If there is any conflict between the terms of the Employment Agreement and this Amendment, the terms of this Amendment shall prevail.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of December 28, 2018.
INTELSAT US LLC
By: /s/ Michelle V. Bryan
Name: Michelle V. Bryan
Title: Executive Vice President, General Counsel, Chief Administrative Officer and Secretary
/s/ Michael DeMarco