EXECUTIVE RELOCATION AGREEMENTExecutive Relocation Agreement • October 27th, 2003 • Orbital Sciences Corp /De/ • Radio & tv broadcasting & communications equipment • Virginia
This letter agreement (the “Agreement’) sets forth certain compensation terms described below that Orbital Sciences Corporation (the “Company”) agrees to provide to you in connection with your temporary relocation to Chandler, Arizona. This Agreement is not an employment contract nor does it alter your status as an at-will employee of the Company who may resign or be terminated at any time, with or without cause.
FORM OF EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • October 27th, 2003 • Orbital Sciences Corp /De/ • Radio & tv broadcasting & communications equipment • Virginia
This letter agreement (the “Agreement”) sets forth the severance benefits that the Company agrees will be provided to you in the event your employment with the Company terminates following a “Change in Control” (as defined in Section 2 hereof) under the circumstances described below. This Agreement is not an employment contract nor does it alter your status as an at-will employee of the Company. No benefit shall be payable under this Agreement except on termination of your employment with the Company as a result of a Change in Control (as defined below).
