FORM OF GLOBALSTAR, INC. DESIGNATED EXECUTIVE AWARD AGREEMENTDesignated Executive Award Agreement • August 14th, 2007 • Globalstar, Inc. • Communications services, nec • California
This Award Agreement sets forth the terms and conditions of certain Awards under the Globalstar, Inc. 2006 Equity Incentive Plan (“Plan”). The Awards completely supersede and replace a supplemental executive incentive compensation program that Globalstar previously provided to Participant under a “Designated Executive Incentive Compensation Memorandum” effective as of November 1, 2004. This Award Agreement does not modify or otherwise affect Participant’s terms and conditions of employment. It does not, expressly or by implication, create a contract for, or any assurance of, a fixed or minimum duration of employment by Participant. Participant acknowledges and agrees that all agreements and understandings in this Award Agreement are expressly made subject to Globalstar’s at-will employment policy, as well as all other applicable terms and conditions of the Globalstar Personnel Policies and Procedures Manual, and the Plan.
