Amendment to Employment Agreement
Exhibit 10.9(iv)
Amendment to Employment Agreement
This Amendment to Employment Agreement is made and entered into effective as of September
25th , 2007 by and between TopSpin Medical (Israel) Ltd., of 0 Xxxxxx Xx., Xxx 00000,
Xxxxxx (the “Company”) and Xxxx Xxxxxxx (I.D 57253007) of 00 Xxxxxxx Xx., Xxxxxxx Yaacov, Israel
(“Employee”).
WHEREAS, the Company and the Employee entered into a certain Employment Agreement dated as of June
3, 2004 as amended (the “Employment Agreement”); and
WHEREAS, the Company and the Employee wish to amend the Employment Agreement in the manner provided
below.
NOW, THEREFORE, in consideration of the premises and the mutual promises herein made, and in
consideration of the representations, warranties, and covenants herein contained, the parties agree
as follows:
| 1. | All terms not otherwise defined herein, shall have the meaning ascribed to them in the Employment Agreement. | |
| 2. | Effective as of January 24th, 2007 (the “Effective Date”), Employee’s Salary shall be increased to NIS 47,300 per month, to be linked to the increase of the Consumer Price Index (“CPI”) from the CPI known on the Effective Date to the CPI as known on the date of payment of the Salary. | |
| 3. | All other terms and conditions of the Employment Agreement shall remain unchanged and in full force and effect. |
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above
written.
| TopSpin Medical (Israel) Ltd. | Xxxx Xxxxxxx | ||||||
By:
|
/s/ Xxxx Xxxxx /s/ Xxxx Xxxxx | /s/ Xxxx Xxxxxxx | |||||
Name:
|
Xxxx Xxxxx & Xxxx Xxxxx | Signature | |||||
Title:
|
Director & CFO and | ||||||
| Senior VP of Business Development | |||||||
