Exhibit 10.2
Date: March 14, 2001
Xxxx Xxxxxx
Or Xxxxxx
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Dear Sir,
Re: Employment Agreement
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Herein is our offer to your employment in the company Voice Diary as President.
1. Salary terms
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1.1. Your salary will be NIS 10,000. This sum is your total monthly salary.
1.2. Increase in living cost raise that apply nationally will apply to your
entire salary.
1.3. The date of payment of the salary: until the third day of the month after
the applicable month, but a delay in payment until the seventh day of the
month will not be considered a breach of this agreement.
2. Additional hours - your pay, as indicated in section 1, includes a global
payment for additional hours.
3. Insurance: you will be insured by managers insurance according to the
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following arrangement:
5% will be allocated by the employee (Tagmulim)
5% will be allocated by the company (Tagmulim)
2.5% will be allocated by the company to insure a loss of the ability to
work and disability.
8 1/3 % will be allocated by the company as severance pay.
Remark: the company agrees to accept the ownership of an existing
manager's insurance policy on your name, while adjusting the allocations
to this agreement.
4. Other conditions
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5.1 Annual Vacation: 22 days per year (accumulating)
5.2 Sick days: 18 days per year.
5. To avoid any misunderstanding, it is hereby stated' that all the payments
and benefits mentioned above are before tax' and from them will be deducted
all the taxes and payments as is obliged according to the laws of the state
of Israel. Also, the above reflects all the rights of the employee to a
salary and social benefits, and the employee will not be entitled to any
additional benefits and conditions.
6. The beginning of employment in the company is: 1.3.2001.
7. The attached General Labor Agreement of the company is an integral part of
this letter. In sections were there exists discrepancies between the
general agreement and the document, this document will dominate. [No
attachment was provided.]
8. This document, approved by your signature, constitutes your employment
contract under the terms above by our company.
We bless you for joining our company and wish you success.
Sincerely
/s/ Xxxxxx Xxxxxx
Xxxxxx Xxxxxx
Chairman of the Board of Directors /s/ Xxxx Xxxxxx
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[Signature of Xxxx Xxxxxx]
Copy: Personal file
Accounting
