Common use of Term Position and Responsibilities Clause in Contracts

Term Position and Responsibilities. Unless Executive’s employment shall sooner terminate pursuant to Section 4 hereof, SSL shall employ Executive on the terms and subject to the conditions of this Agreement for the term commencing on the Effective Date and ending on the four year anniversary of the Effective Date, provided that the term shall be automatically renewed for successive one-year terms following the expiration of the initial term described above (the initial term and each additional one-year term each, a “Term”), unless either party provides the other party with notice pursuant to Section 9(f) at least sixty (60) calendar days before the expiration of the applicable Term of its (or his) intention not to renew such Term, in which case the Executive’s employment shall terminate at the end of such Term. The entire period during which Executive is employed by SSL pursuant to this Agreement shall be referred to as the “Employment Period.” During the Employment Period, Executive shall serve as Chief Executive Officer of SSL and shall have such duties and responsibilities as are customarily assigned to individuals serving in such positions and such other duties as the Company or SSL specifies from time to time. During the Employment Period, SSL will also cause the Board of Directors of SSL (the “Board”) to appoint Executive as a director of SSL and to nominate Executive for re-election to the Board when his term as director expires. Executive shall comply with all written policies and procedures of SSL. Executive shall devote all of his skill, knowledge, commercial efforts and working time to the conscientious and faithful performance of his duties and responsibilities for SSL (except for (i) vacation time as set forth in Section 3(b) hereof and absence for sickness or similar disability and (ii) to the extent that it does not interfere with the performance of Executive’s duties hereunder, (A) such reasonable time as may be devoted to the fulfillment of Executive’s civic responsibilities, (B) such reasonable time as may be necessary from time to time for personal financial matters and (C) certain other activities with the prior written consent of the Board).

Term Position and Responsibilities. Unless Executive’s employment shall sooner terminate pursuant to Section 4 hereof, SSL the Company shall employ Executive on the terms and subject to the conditions of this Agreement for the term commencing on the Effective Date and ending on the four year anniversary of the Effective DateDecember 31, 2010, provided that the term shall be automatically renewed for successive one-year terms following the expiration of the initial term described above (the initial term and each additional one-year term each, a “Term”), unless either party provides the other party with notice pursuant to Section 9(f) at least sixty (60) calendar days before the expiration of the applicable Term of its (or his) intention not to renew such Term, in which case the Executive’s employment shall terminate at the end of such Term. The entire period during which Executive is employed by SSL the Company pursuant to this Agreement shall be referred to as the “Employment Period.” During the Employment Period, Executive shall serve as Chief Executive Officer and President of SSL the Company and shall have such duties and responsibilities as are customarily assigned to individuals serving in such positions and such other duties as the Company or SSL specifies from time to time. During the Employment Period, SSL the Company will also cause the Board of Directors of SSL the Company (the “Board”) to appoint Executive as a director of SSL and to nominate Executive for re-election to the Board when his term as director expires. Executive shall comply with all written policies and procedures of SSLthe Company. Executive shall devote all of his skill, knowledge, commercial efforts and working time to the conscientious and faithful performance of his duties and responsibilities for SSL the Company (except for (i) vacation time as set forth in Section 3(b) hereof and absence for sickness or similar disability and (ii) to the extent that it does not interfere with the performance of Executive’s duties hereunder, (A) such reasonable time as may be devoted to the fulfillment of Executive’s civic responsibilities, (B) such reasonable time as may be necessary from time to time for personal financial matters and (C) certain other activities with the prior written consent of the Board).

Term Position and Responsibilities. Unless Executive’s employment shall sooner terminate pursuant to Section 4 hereof, SSL the Company shall employ Executive on the terms and subject to the conditions of this Agreement for the term commencing on the Effective Date and ending on the four year anniversary of the Effective Date, provided that the term shall be automatically renewed for successive one-year terms following the expiration of the initial term described above (the initial term and each additional one-year term each, a “Term”), unless either party provides the other party with notice pursuant to Section 9(f) at least sixty (60) calendar days before the expiration of the applicable Term of its (or his) intention not to renew such Term, in which case the Executive’s employment shall terminate at the end of such Term. The entire period during which Executive is employed by SSL the Company pursuant to this Agreement shall be referred to as the “Employment Period.” During the Employment Period, Executive shall serve as Chief Executive Officer of SSL the Company and shall have such duties and responsibilities as are customarily assigned to individuals serving in such positions and such other duties as the Company or SSL specifies from time to time. During the Employment Period, SSL the Company will also cause the Board of Directors of SSL the Company (the “Board”) to appoint Executive as a director of SSL the Company and to nominate Executive for re-election to the Board when his term as director expires. Executive shall comply with all written policies and procedures of SSLthe Company. Executive shall devote all of his skill, knowledge, commercial efforts and working time to the conscientious and faithful performance of his duties and responsibilities for SSL the Company (except for (i) vacation time as set forth in Section 3(b) hereof and absence for sickness or similar disability and (ii) to the extent that it does not interfere with the performance of Executive’s duties hereunder, (A) such reasonable time as may be devoted to the fulfillment of Executive’s civic responsibilities, (B) such reasonable time as may be necessary from time to time for personal financial matters and (C) certain other activities with the prior written consent of the Board).. EXECUTION VERSION