Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 
 [Form of
Retention Agreement] 
 Privileged and Confidential 

April 24, 2020 
 [NAME] 

 

	 	Re:	 Retention Bonus 

Dear [NAME]: 
 On behalf of Intelsat S.A., a
société anonyme organized under the laws of Luxembourg, and Intelsat US LLC, a Delaware limited liability company (collectively, the “Company”), I am pleased to offer you the
opportunity to receive a cash retention bonus in the amount of $[    ] (the “Retention Bonus”), if you agree to the terms and conditions contained in this letter agreement (this “Agreement”) by
executing and returning a copy of this Agreement to the Company. Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms in Section 2. 

1.    Retention Bonus. The Company will pay you the Retention Bonus on or about May 5, 2020. 

(a)    Once paid to you, the Retention Bonus will vest and become
non-forfeitable as follows: [(i) 50% on October 31, 2020 and (ii) the remaining 50% on April 30, 2021 (each, a “Vesting
Date”)]1 OR [(i) 331⁄3% on October 31, 2020, (ii)
331⁄3% on April 30, 2021 and (iii) the remaining 331⁄3% on
October 31, 2021 (each, a “Vesting Date”)]2, in each case, subject to your continued employment with the Company on the Vesting Date and the other terms and conditions set
forth herein. 
 (b)    You agree that in the event your employment with the Company terminates prior to
the last Vesting Date for any reason other than a Qualifying Termination, you will be required to repay to the Company, within thirty (30) days of such termination, the After-Tax Value of the Unvested
Retention Bonus. 
 (c)    Notwithstanding anything to the contrary contained herein, in the event of
your Qualifying Termination before the last Vesting Date, subject to your execution and non-revocation of a waiver and general release of claims, substantially in the form attached as an exhibit to the
Employment Agreement, within thirty (30) days of your Qualifying Termination date (or such longer period as may be required to obtain a valid release of all covered claims), you will not be required to repay to the Company any portion of the
Retention Bonus. 
  

	1 	 Note to Draft: For all except Tolley/Bryan. 

	2 	 Note to Draft: For Tolley/Bryan. 

 (d)    For the avoidance of doubt, a leave of absence
approved by the Company shall not constitute a termination of your employment for purposes of this Agreement. 

2.    Definitions. For purposes of this Agreement: 

(a)    “After-Tax Value of the Unvested Retention
Bonus” means the gross amount of the unvested and forfeitable portion of the Retention Bonus as of your non-Qualifying Termination date, net of any taxes you are required to pay in respect thereof and
determined taking into account any tax benefit that may be available in respect of the repayment described above. The Company shall determine in good faith the After-Tax Value of the Retention Bonus, which
determination shall be conclusive and binding. 
 (b)    “Cause” shall have the meaning
set forth in the Employment Agreement. 
 (c)    “Disability” shall have the meaning set
forth in the Employment Agreement. 
 (d)    “Employment Agreement” means that certain
Employment Agreement, by and between you and the Company dated                     [, as amended]. 

(e)    “Good Reason” shall have the meaning set forth in the Employment Agreement. 

(f)    “Qualifying Termination” means the termination of your employment (i) by the
Company for a reason other than Cause, (ii) due to your death or Disability or (iii) by you for Good Reason. 

3.    Release. As a condition to receiving the Retention Bonus, you hereby agree to release any and all Claims (as
defined below) against the Company, its affiliates and their respective directors, officers and employees. “Claims” means claims, charges or complaints for, or related to, any breach of contract, violation of any statute or law, or
tortious conduct occurring, or based on events occurring, on or before the date of this Agreement; provided, that, Claims do not include, and you are not releasing: (a) any claims that may not be released as a matter of law, (b) any claims
or rights that arise after you sign this Agreement, (c) any claims or rights with respect to accrued compensation or benefits, (d) any claims or rights for indemnification, advancement of defense costs or other fees and expenses and
related matters, arising as a matter of law or under the organizational documents of the Company or its affiliates or under any applicable insurance policy with respect to your liability as an employee, director, manager or officer of the Company or
its affiliates, and (e) any claims or rights under the directors and officers and other insurance policies of the Company and its affiliates. 

4.    Reaffirmation of Existing Restrictive Covenants. By entering into this Agreement, you hereby reaffirm, and
agree to be bound by, all of your existing restrictive covenant obligations in favor of the Company. 

  
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 5.    Withholding Taxes. The Company may withhold from the
Retention Bonus payable to you hereunder such federal, state and local taxes as the Company determines in its sole discretion may be required to be withheld pursuant to any applicable law or regulation. 

6.    No Right to Continued Employment. Nothing in this Agreement will confer upon you any right to continued
employment with the Company (or its affiliates or their respective successors) or interfere in any way with the right of the Company (or its affiliates or their respective successors) to terminate your employment at any time, without notice, and for
any or no reason. 
 7.    Interaction with Other Arrangements. The Retention Bonus is a special payment to you[,
and expressly supersedes and replaces your outstanding retention bonus opportunity payable in December 2021 (the “Prior Bonus Arrangement”)]3. Neither the Retention Bonus nor
payment thereof will be taken into account in computing the amount of salary or compensation for purposes of determining any bonus, incentive, pension, retirement, death or other benefit under any other bonus, incentive, pension, retirement,
insurance or other employee benefit plan of the Company or its affiliates, unless such plan or agreement expressly provides otherwise. 

8.    Governing Law. The validity, interpretation, construction and performance of this Agreement will be governed
by the laws of the State of Delaware, without giving effect to its conflicts of law provisions. Each party irrevocably agrees that any legal action, suit or proceeding arising out of or in connection with this Agreement (each, a
“Proceeding”) shall be brought exclusively in a Delaware state or a federal court sitting in Wilmington, Delaware, and the parties hereby irrevocably submit to the exclusive jurisdiction of such courts in any such Proceeding. 

9.    Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be
an original, but all of which together shall constitute one and the same instrument. 
 10.    Entire Agreement;
Amendment. This Agreement constitutes the entire agreement between you and the Company with respect to the Retention Bonus and supersedes [(a) any and all prior agreements or understandings between you and the Company with respect to the
Retention Bonus, whether written or oral, and (b) the Prior Bonus Arrangement]4 OR [any and all prior agreements or understandings between you and the Company with respect to the
Retention Bonus, whether written or oral]5. Notwithstanding anything to the contrary in the foregoing, the parties hereto expressly agree that nothing in this Agreement supersedes, replaces or
otherwise modifies the terms or interpretation of any other written agreements between you and the Company or any its affiliates with respect to other subject matters, nor shall this Agreement be construed to supersede, modify or change the terms of
the Employment Agreement, but rather, this Agreement shall be in addition to any obligations, terms or conditions under the Employment Agreement regarding the same. This Agreement may be amended or modified only by a written instrument executed by
you and the Company. 
  
  

	3 	 Note to Draft: For Tolley/Bryan. 

	4 	 Note to Draft: For Tolley/Bryan. 

	5 	 Note to Draft: For all except Tolley/Bryan. 

  
 3 

 11.    Section 409A Compliance. Although the Company does not
guarantee the tax treatment of the Retention Bonus, the intent of the parties is that the Retention Bonus be exempt from the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and guidance
promulgated thereunder, and accordingly, to the maximum extent permitted, this Agreement shall be interpreted in a manner consistent therewith. 

12.    Administration. The Company shall have full power and authority to construe and interpret this Agreement,
and any interpretation by the Company shall be binding on you and your representatives and shall be accorded the maximum deference permitted by law. The Company, in its sole discretion, shall have the right to modify, supplement, suspend or
terminate this Agreement at any time; provided, that, except as required by law, in no event shall any such action adversely affect your rights without your prior written consent. Subject to the foregoing, this Agreement shall terminate upon the
satisfaction of all obligations of the Company or its successor entities hereunder. 
 [Remainder of the page intentionally left
blank] 

  
 4 

 This Agreement is intended to be a binding obligation on you and the Company. If this
Agreement accurately reflects your understanding as to the terms and conditions of the Retention Bonus, please sign, date and return to me one copy of this Agreement. You should make a copy of the executed Agreement for your records. Please note
that you must sign and return this Agreement to the Company by no later than April 27, 2020, in order to receive the benefits provided hereunder. 
  

	
	Very truly yours,
	
	  
 Stephen Spengler

	Chief Executive Officer

 The above terms and conditions accurately reflect our understanding regarding the terms and conditions
of the Retention Bonus, and I hereby confirm my agreement to the same. 
 Dated:
                    , 2020 
  

	
	  
 [●]

 Signature Page to Retention Bonus AgreementExhibit 4.1

       

      

      	NUMBER	

            
	U-	UNITS

    

    
      

      

      SEE REVERSE FOR CERTAIN DEFINITIONS

      CUSIP [●]

      LONGVIEW ACQUISITION CORP.

      

      

      UNITS CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE-THIRD OF ONE REDEEMABLE WARRANT, EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE ONE SHARE OF CLASS A COMMON STOCK

       

      THIS CERTIFIES THAT____________________is the owner of___________Units.

      

      

      Each Unit (“Unit”) consists of one (1) share of Class A common stock, par value $0.0001 per share (“Common Stock”), of Longview Acquisition Corp., a Delaware corporation (the “Company”), and
        one-third (1/3) of one redeemable warrant (a “Warrant”).  Each whole Warrant entitles the holder to purchase one (1) share (subject to adjustment) of Common Stock for $11.50 per share
        (subject to adjustment).  Each whole Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar
        business combination with one or more businesses (each a “Business Combination”), and (ii) twelve (12) months from the closing
        of the Company’s initial public offering, and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company completes its initial Business Combination, or earlier upon
        redemption or liquidation.  The shares of Common Stock and Warrants comprising the Units represented by this certificate are not transferable separately prior to                  , 2020 unless Cowen and Company, LLC and UBS Securities LLC elect to
        allow separate trading earlier, subject to the Company’s filing of a Current Report on Form 8‐K with the Securities and Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the Company’s
        initial public offering and issuing a press release announcing when separate trading will begin.  No fractional Warrants will be issued upon separation of the Units.  The terms of the Warrants are governed by a Warrant Agreement, dated as of       
                  , 2020, between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to
        by acceptance hereof.  Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York 10004, and are available to any Warrant holder on written request and without cost.

      

      

      Upon the consummation of the Business Combination, the Units represented by this certificate will automatically separate into the shares of Common Stock and Warrants comprising such Units.

      

      

      This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

      

      

      This certificate shall be governed by and construed in accordance with the internal laws of the State of New York.

      

      

      Witness the facsimile signature of its duly authorized officers.

       

      

      	

            	

            	

            
	
              Secretary

            	

            	
              Chief Financial Officer

            
	

            	

            	

            
	

            	

            	

            
	
              Transfer Agent

            	

            	

            

      

      

      
        -1-

        
          

      

      Longview Acquisition Corp.

      

      

      The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional or other special rights of
        each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights.

      

      

      The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

      

      

      	
              TEN COM

            	
              —

            	
              as tenants in common

            	
              UNIF GIFT MIN ACT

            	
              —

            	
              Custodian

            
	
              TEN ENT

            	
              —

            	
              as tenants by the entireties

            	 	 	
              (Cust)

            	 	
              (Minor)

            
	
              JT TEN

            	
              —

            	
              as joint tenants with right of survivorship and not as tenants in common

            	 	 	
              under Uniform Gifts to Minors Act

            
	 	 	 	 	 	
              (State)

            

       

      

      Additional abbreviations may also be used though not in the above list.

       

      

      
        -2-

        
          

      

      For value received, ________________ hereby sells, assigns and transfers unto

      

      

      PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

       

      

      (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

       

      

      __________________________________Units represented by the within Certificate, and does hereby irrevocably constitute and
          appoint _______________________ Attorney to transfer the said Units on the books of the within named Company with full power of substitution in the premises.

      

      

      	
              Dated

            	

            	

            	

            

      	 	
              Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

            
	
              Signature(s) Guaranteed:

            	 

      

      

      	
              THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION
                PROGRAM, PURSUANT TO SEC RULE 17Ad-15 (OR ANY SUCCESSOR RULE).

            

      

      

      In each case, as more fully described in the Company’s final prospectus dated                  , 2020, the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the
        trust account established in connection with its initial public offering only in the event that (i) the Company redeems the shares of Common Stock sold in its initial public offering and liquidates because it does not consummate an initial business
        combination by the date set forth in the Company’s amended and restated certificate of incorporation, (ii) the Company redeems the shares of Common Stock sold in its initial public offering in connection with a stockholder vote to amend the
        Company’s amended and restated certificate of incorporation to (A) modify the substance or timing of the Company’s obligation to redeem 100% of the Common Stock if it does not consummate an initial business combination by the date set forth in the
        Company’s amended and restated certificate of incorporation or (B) with respect to any other provision relating to stockholders’ rights or pre-initial business combination activity, or (iii) if the holder(s)
        seek(s) to redeem for cash his, her or its respective shares of Common Stock in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks stockholder approval of the proposed initial business combination) setting
        forth the details of a proposed initial business combination.  In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

       

      

       

      

       -3-

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