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Exhibit 10.9.1
AMENDMENT TO
EMPLOYMENT AGREEMENT
This Amendment (the "Amendment") to the Agreement dated as of April 5,
1996 (the "Agreement"), between Loral Space & Communications Ltd. and
Xxxxxxx X. Xxxxxxxx, is made and is effective as of March 1, 1998.
1. The first sentence of Section 3(a) of the Agreement is hereby
amended to read as follows:
"For services rendered by Xxxxxxxx during the term of this Agreement, the
Company shall pay to Xxxxxxxx a base salary at the rate of $956,300 per
year (adjusted as provided in Section 3(b)), for the period commencing on
the Distribution Date to February 28, 1998, and a base salary at the rate
of $1,600,000 per year (adjusted as provided in Section 3(b)), commencing
on March 1, 1998."
2. This Amendment shall be construed in accordance with and governed by
the laws of the State of New York.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the
date set forth above.
Loral Space & Communications Ltd.
By: /s/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx
Senior Vice President
/s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx
