Form of Amended and Restated Executive Change in Control Severance AgreementExecutive Change in Control Severance Agreement • December 4th, 2007 • 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 (as defined below) with the Company as a result of a Change in Control (as defined below).
EXECUTIVE SEVERANCE AGREEMENTExecutive Severance Agreement • December 4th, 2007 • Orbital Sciences Corp /De/ • Radio & tv broadcasting & communications equipment • Virginia
This letter agreement (the “Agreement”) amends and restates your Original Severance Agreement to, among other things, consolidate provisions of the July 19, 2002 agreement, to the extent still applicable. This Agreement sets forth the severance benefits that the Company agrees will be provided to you in the event your employment with the Company terminates 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.
