Exhibit 10.45.1
March 6, 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 (the
"Agreement"), between you and PanAmSat Corporation (then known as Magellan
International, Inc.). This letter will confirm our mutual agreement to the
following amendment in the third line of paragraph 7(d) on page 8:
delete the words "during the first year following the Effective Date,"
substitute in lieu thereof the words "on or before November 15, 1998,"
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 it and returning the enclosed copy of this letter.
Sincerely,
PanAmSat Corporation
By__________________
Xxxxxxx X. Xxxxx
Chairman of the Board
AGREED TO:
__________________________
Xxxxxxxxx X. Xxxxxxx