EX-10.75



 Exhibit 10.75 

 

			
	



	  	 PERSONAL AND CONFIDENTIAL
  

 
 March 14, 2013

 
  

Mr. Michael McDonnell
 Executive Vice
President and Chief Financial Officer
 3400 International Drive, N.W.
 Washington, DC 20008
  
 Dear
Mike:
  
 In connection with the recent reorganization of the executive team,
you were identified as a key executive and an important part of the future success of the team. To reward you for your past service and to provide you with a meaningful financial incentive to stay committed to your employment with Intelsat, we are
extending to you the opportunity to receive a performance bonus (the “Bonus”) of $500,000 at the end of a three-year employment period with Intelsat (the “Company”).

 
 The three-year performance period will commence on April 1, 2013 and conclude
on March 31, 2016 (the “Performance Term”). This Bonus will be paid in one lump sum at the end of the Performance Term, subject to the terms and conditions outlined below. This Bonus is in addition to any bonus you may be eligible for
under the Company’s Corporate Incentive Plan.
  
 The following terms
and conditions apply to this Bonus:
  

1.       You must be employed and in good standing with the Company on the
payment date. The term “good standing” means that you must continue to meet all performance requirements of your position, as determined at the discretion of the Chief Executive Officer.

 

2.       No pro rata payment of the Bonus will be made if your employment is
terminated for cause or you voluntarily resign your employment at any time prior to the end of the Performance Term.
  

3.       If your employment is terminated by the Company without cause or by
you with good reason, as defined in the Employment Agreement between you and Intelsat Global Holdings S.A. dated as of November 3, 2008, the Company will provide you with a pro rata portion of the Bonus based upon the time period from the
beginning of the Performance Term through the date of termination of employment.










			
		  	 Mr. Michael McDonnell
 March
14, 2013
 Page 2
  

4.       In the event you become disabled or die prior to the end of the
Performance Term, the Company will provide you or your estate with a pro rata portion of the Bonus based upon the time period from the beginning of the Performance Term through the date of disability or death.

 

5.       Payment of the Bonus will be made in a single lump sum as soon as
reasonably practical following the due date, but in no event later than 30 days following the due date.
  

6.       Applicable federal and state taxes and any appropriate payroll
deductions will be withheld from any Bonus payment.
  
 7.       In the event you change positions within the Company during the Performance Term as the result of a promotion, you will receive a pro rata portion of the Bonus
based upon the time period from the beginning of the Performance Term through the date of promotion.
  

8.       The Company shall have the sole responsibility for administering this
agreement and its decisions on interpretation or administration will be final and binding.
  
 If you are in agreement with these terms, please sign below and return to me.
  
 Sincerely,
  
 /s/ Michelle V.
Bryan
  
 Michelle V. Bryan

Senior Vice President, Human Resources and Corporate Services


  

							
		 	AGREED:	 		  	
				
		 	 /s/ Michael McDonnell
	 		  	3/14/13        
		 	Michael McDonnell	 		  	Date