SkyTerra Acquisition. Commencing on the date that is one year following the consummation of the SkyTerra Acquisition, if any, the Purchaser shall have the right to exchange (the “Exchange”) all of his Restricted Units which have vested in accordance with the terms of the Employment Agreement for common stock of SkyTerra (“SkyTerra Shares”). The number of SkyTerra Shares to be issued to the Purchaser in connection with the Exchange shall equal the quotient obtained by dividing (x) the product of (1) the number of Vested Securities and (2) the Fair Market Value of such Vested Securities by (y) the Share Market Price.
Appears in 4 contracts
Samples: Employment Agreement (Hughes Communications, Inc.), Employment Agreement (Hughes Communications, Inc.), Employment Agreement (Hughes Communications, Inc.)
