EX-10.7






Exhibit 10.7




AMENDMENT

TO

EMPLOYMENT AGREEMENT



This Amendment (this “Amendment”), dated as of January 21, 2009, amends that certain Employment
Agreement (the “Employment Agreement”) made and entered into on the 30th day of June
2008, by and between Globecomm Systems Inc., a Delaware corporation with principal offices located
at 45 Oser Avenue, Hauppauge, N.Y. 11788 (the “Company”), and Thomas C. Coyle (the “Executive”).




WITNESSETH:



WHEREAS, since the Effective Date of the Employment Agreement, the Executive has been employed as
an executive by the Company (all capitalized terms not defined in this Amendment shall have the
meanings ascribed to them in the Employment Agreement); and



WHEREAS, the parties believe that it is desirable to (i) modify the “special bonus” provisions of
the Employment Agreement to provide for such bonus to equal 50% of the Executive’s salary for the
prior year; and (ii) add a provision in order to account for the payments and benefits the
Executive will receive in the event that the Company gives notice of its election not to extend the
Initial Term or any Renewal Period.



NOW, THEREFORE, the parties hereto hereby agree to amend the Employment Agreement as follows:





	1.	 	Termination and Severance.
	 
	 	 	Section 10(f) of the Employment Agreement is hereby deleted and replaced in full with the
following:
	 
	 	 	“Effect of Non-Renewal. In the event that the Company gives notice of its election not
to extend the Initial Term or any Renewal Period pursuant to Section 2 above, the Executive
shall be entitled to payments and benefits described in Section 10(b)(ii) above commencing upon
the Expiration Date subject to his execution and delivery of a general release substantially in
the form attached hereto as Exhibit A.”
	 
	 	 	Section 10(g) of the Employment Agreement is hereby added as follows:
	 
	 	 	“Change in Control. Subject to Section 11, if the Executive resigns with Good Reason
within one (1) year after a Change in Control (as defined below) he will be entitled to the
payments and benefits described in Section 10(b)(ii) above (the “Severance Payments”) provided
that, if the grounds for the termination for Good Reason are those specified in Section
10(b)(i)(B) and/or (C), and if the Company gives the Executive written notice (the “Continuation
Notice”), at any time up to ten (10) days after it receives the Executive’s written resignation
notice, that it wishes the Executive to continue his employment until a date not later than one
(1) year after the Change in Control (the “Employment Continuation Date”), the Executive shall
not be entitled to the Severance Payments until and unless he




 









 






	 	 	remains employed by the Company through the Employment Continuation Date. Nothing in this
subsection 10(g) shall obligate the Company to provide the Executive with the Severance Payments
upon a termination for Cause, death or disability. If the Executive does not provide the Company
notice of resignation or non-renewal at any time during the year following a Change in Control
and remains employed by the Company through the first anniversary of the Change in Control, as
defined below, the Executive shall be paid a one-time bonus payment of 50% of his Salary during
the immediately preceding calendar year (the “Special Bonus”). The Special Bonus shall be in
addition to, and not in lieu of, any Severance Payments to which Executive may otherwise become
entitled under this section 10 in connection with the subsequent termination of his employment.
As used herein, a “Change in Control” shall mean a change of control of the Company of a nature
that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A
(or in response to any similar item on any similar schedule or form) promulgated under the
Securities Exchange Act of 1934, as amended (the “1934 Act”) whether or not the Company is then
subject to such reporting requirement; provided, however, that, without limitation, such a
Change in Control shall be deemed to have occurred if: (x) any person or group (as such terms
are used in connection with Sections 13(d) and 14(d) of the 1934 Act) becomes the “beneficial
owner” (as defined in Rule 13d-3 and 13d-5 under the 1934 Act), directly or indirectly, of
securities of the Company representing 35% or more of the combined voting power of the Company’s
then outstanding securities; (y) the Company is a party to a merger, consolidation, sale of
assets or other reorganization, or a proxy contest, as a consequence of which members of the
Board in office immediately prior to such transaction or event constitute less than a majority
of the Board thereafter; and (z) during any period of twenty-four (24) consecutive months,
individuals who at the beginning of such period constituted the Board (including for this
purpose any new director whose election or nomination for election by the Company’s stockholders
was approved by a vote of at least two-thirds of the directors then still in office who were
directors at the beginning of such period) cease for any reason to constitute at least a
majority of the Board. Notwithstanding the foregoing provisions of this subsection 10(g), a
“Change in Control” will not be deemed to have occurred solely because of the acquisition of
securities of the Company (or any reporting requirement under the 1934 Act relating thereto) by
an employee benefit plan maintained by the Company for its employees. As used herein, the
“Company” may include the Company’s successors subsequent to a Change in Control.”






	2.	 	Effect of this Amendment. As amended hereby, the Employment Agreement shall remain
in full force and effect.




-2-









 










IN WITNESS WHEREOF, the undersigned have duly executed this Amendment as of the date first set
forth above.




EXECUTIVE




	 	 	 	 	 
	 	 	 
	/s/ Thomas C. Coyle
 	 	 
	Thomas C. Coyle 	 	 



	 	 	 	 	 
	GLOBECOMM SYSTEMS INC. 	 	 
	 	 	 
	By:  	/s/ David E. Hershberg
 	 	 
	 	Title: Chairman, CEO and President 	 	 
	 	 	 	 
	 




-3-