AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit
10.20
AMENDMENT TO EMPLOYMENT
AGREEMENT
THIS AMENDMENT AGREEMENT is
made as of the 1st day of April, 2007
BETWEEN:
Ness
AT Ltd
With
offices at Kiryat Atidim,
Tel Aviv,
Israel (the “Company”)
Xx.
Xxxxxxx Xxxxxxxxx
(the
“Executive”)
WHEREAS,
the Parties have previously entered into an Employment Agreement dated as of
April 1, 2006(the “
Employment Agreement”), setting forth the terms and conditions of the
employment relationship of the Executive with the Company;
WHEREAS,
the Parties desire to amend the provisions of the Employment Agreement in the
manner hereinafter appearing:
NOW, THEREFORE, in
consideration of the premises, and intending to be legally bound, the parties
hereto hereby agree as follows:
|
1.
|
Unless
there is something in the subject or context inconsistent therewith,
capitalized terms appearing in this Agreement shall have the meaning
assigned to them in the Employment
Agreement
|
|
2.
|
The
Executive will be entitled to a special bonus of 100,000$USD
for his efforts in the knowledge transfer transaction by his business
group (TSG).
|
|
3.
|
The
Employment Agreement shall hereby be amended as
follows:
|
In
section 6 (b) the term specified in section )ii) (termination
by the Company) and (iii) (resignation by the Executive) shall be
extended to twelve months.
IN WITNESS WHEREOF, the
parties have executed this Agreement on the date first above
written.
| Ness AT Ltd. | |||
|
DATE:
April 1, 2007
|
By:
|
/s/ Xxxxxx Xxxxx | |
| Name: Xxxxxx Xxxxx | |||
| Title: Chairman of the Board | |||
|
/s/
Xxxxxxxx Xxxxxxx
|
|||
|
Name: Xxxxxxxx
Xxxxxxx
|
|||
|
Title:
President
and CEO
|
|||
|
The
Executive
|
|||
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DATE:
April 1, 2007
|
/s/
Xxxxxxx Xxxxxxxxx
|
||
| Xxxxxxx Xxxxxxxxx | |||
