Re: Amendment to Employment Agreement
Exhibit 4.2
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Modi'in Technology Park
0 XxXx'xxxx Xxxxxx
Xxxx'xx 0000000, Xxxxxx
Phone: 000-0-000-0000
Fax: 000-0-000-0000
web: xxx.XxxXxxxXx.xxx
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September 24, 2020
Re: Amendment to Employment Agreement
Dear Phil:
This letter shall serve as an amendment (the "Amendment") to that certain
Employment Agreement, dated May 24, 2009, by and between BiolineRx Ltd. ("Bioline") and Xxxxxx Xxxxxx (the "Employee"), as amended, (the "Employment Agreement"). Defined terms used herein and not otherwise defined herein shall have the meaning
ascribed to them in the Employment Agreement.
Bioline and Employee hereby mutually agree to the following revisions to the
Employment Agreement:
Section 5.2 of the Employment Agreement shall be replaced with the following:
"5.2 Termination.
(a) In the event of termination without Cause (as defined below) by Bioline of Employee's employment, Bioline may terminate the Employment Agreement by giving the Employee prior written notice
of 180 days.
(b) In the event Employee resigns his employment for any reason that would constitute constructive dismissal under Israeli law, Employee may terminate the Employment Agreement by giving
Bioline prior written notice of 60 days, but will be entitled to be compensated for a Notice Period of 180 days.
(c) In the event Employee resigns his employment for any reason other than as stated in section (b) above, Employee may terminate the Employment Agreement by giving Bioline prior written
notice of 60 days.
Each of the
notice periods in this Section 5.2 shall be deemed a "Notice Period" for the purpose of Section 5.4 below."
Except as modified by this letter, the terms, provisions and requirements of the Employment Agreement shall remain the same and In full force and effect in accordance with the terms and
provisions thereof.
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Very truly yours,
By: Mali Zeevi
Title: Chief Financial Officer
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Accepted and agreed as of the date first written above:
/s/ Xxxxxx Xxxxxx
Xxxxxx Xxxxxx |