EXHIBIT 10.44.3
PanAmSat Corporation
Xxx Xxxxxxxx Xxxxx
Xxxxxxxxx, Xxxxxxxxxxx 00000
August 31, 1998
Xx. Xxxxxxxxx X. Xxxxxxx
President and Chief Executive Officer
PanAmSat Corporation
Xxx Xxxxxxxx Xxxxx
Xxxxxxxxx, Xxxxxxxxxxx 00000
Re: Modification of Employment Agreement
Dear Xxxx:
Reference is made to that certain Employment Agreement, dated
May 15, 1997, as modified on March 6, 1998 (the "Agreement"), between you and
PanAmSat Corporation. This letter will confirm our mutual agreement to the
following amendment:
1. In the third line of paragraph 7(d) on page 8:
~ delete the date "November 15, 1998," and
~ substitute in lieu thereof the date
"December 31, 1998,"
2. In the fourth line of paragraph 7(d) on page 8:
~ delete the number "60," and
~ substitute in lieu thereof the number "30,"
Except as amended hereby, the Agreement remains in full force
and effect.
If the foregoing is acceptable to you, please indicate your
agreement to this amendment by signing and returning the enclosed copy of this
letter.
Sincerely,
By: Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxx
Chairman of the Board
Agreed to:
Xxxxxxxxx X. Xxxxxxx
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Xxxxxxxxx X. Xxxxxxx
