AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.18
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT AGREEMENT is made as of the 13th day of March, 2006 effective as January 1, 2006
BETWEEN:
Ness Technologies, Inc.
A Delaware Corporation
With offices at Kiryat Atidim,
Tel Aviv, Israel (the “Company”)
Xx. Xxxxxx Xxxxxxx
(the “Executive”)
WHEREAS, the Parties have previously entered into an Employment Agreement dated as of April 21, 2005 (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. In this Agreement, 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 Employment Agreement shall hereby be amended as follows:
In Section 4 (a) as of March 1, 2006 the Monthly Salary shall be increased to the 80,000 NIS adjusted as provided in that Section (based on the Israeli Consumer Price Index published on February 15th 2006).
3. Except as set forth in Section 2 hereof, the terms, conditions and agreements set forth in the Employment 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.
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BY: |
/s/ XXXXXX XXXXX |
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/s/ XXXXX XXXXXX |
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Xxxxxx Xxxxx |
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Xxxxx Xxxxxx |
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Title: |
Chairman of the Board |
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President and CEO |
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The Executive |
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/s/ XXXXXX XXXXXXX |
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Xxxxxx Xxxxxxx |
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