EXHIBIT 10.28
RESCISSION AGREEMENT
BETWEEN XXXX XXXXXX AND DSP GROUP, INC.
THIS RESCISSION AGREEMENT (this "Agreement") made and entered into this 15th
day of August, 1996, by and between Xx. Xxxx Xxxxxx and DSP Group, Inc., a
Delaware corporation ("DSPG").
Whereas Xx. Xxxxxx and DSP Group, Inc. ("DSPG") made and entered into an
employment agreement effective as of November 1, 1995, by which DSPG wished
to hire Xx. Xxxxxx as the Chairman of its Board of Directors (the "Employment
Agreement"); and
Whereas Niko Consulting and Management (1995) Ltd. ("Niko"), a company held
in equal parts by Xxxx Xxxxxx and Xxxxx Xxxxxx, and DSP Semiconductors Ltd.
("DSPS"), a wholly-owned subsidiary of DSPG, wish to enter into a services
agreement simultaneously with the execution hereof, which agreement provides
that Niko will provide through its employee, Xxxx Xxxxxx, the management
services requisite to chair the Board of Directors of each DSPS and DSPG;
IT IS THEREFORE HEREIN AGREED that the Employment Agreement is hereby
rescinded by Xx. Xxxxxx and DSPG, having no effect whatsoever.
DSP Group, Inc.
a Delaware Corporation
/s/ XXX XXXXXX /s/ XXXX XXXXXX
------------------------------- -------------------------------
Name: Xxx Xxxxxx Xxxx Xxxxxx
Title: Chief Executive Officer
