AMENDMENT OF EMPLOYMENT AGREEMENT
Exhibit 10.1
AMENDMENT OF EMPLOYMENT AGREEMENT
THIS AMENDMENT OF AGREEMENT is made as of the 8th day of May, 2006.
BETWEEN:
(1) Ness Technologies, Inc.
a Delaware Corporation
of Ness Tower, Atidim, Israel
Israel (the “Company”)
(2) Xx. Xxxxxx Xxxxx
Israeli I.D. 10176485
(the “Executive”)
WHEREAS, the Company and the Executive have previously entered into an Employment Agreement dated as of August 1, 1999 as amended on May 31, 2001 (the “Agreement”), setting forth the terms and conditions of the employment relationship of the Executive with the Company;
WHEREAS, the Company and the Executive desire to amend the provisions of the 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. In section 2 of the Agreement (automatic extension of the term) the words “three (3) months” shall be replaced by the words: “twelve (12) months”.
2. In section 6 (b) (iv) of the Agreement (advance notice period) the words “six (6) months” shall be replaced by the words: “twelve (12) months”.
3. Except as set forth in Sections 1 and 2 hereof, the terms, conditions and agreements set forth in the Agreement are hereby ratified and confirmed and shall continue in full force and effect.
IN WITNESS WHEREOF, the parties have executed this agreement on the date first above written.
Ness Technologies, Inc.
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DATE: |
May 8, 2006 |
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BY: |
/s/ XXXXX XXXXXX |
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Xxxxx Xxxxxx |
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Title: CEO & President |
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BY: |
/s/ XXXXXX XXXXXXX |
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Xxxxxx Xxxxxxx |
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Title: CFO & Deputy CEO |
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DATE: |
May 8, 2006 |
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/s/ XXXXXX XXXXX |
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Xxxxxx Xxxxx |
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