AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.72
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT (the “Amendment”) is entered into as of the date set forth below, effective as of May 1st, 2020 (the “Effective Date”), by and between Brainstorm Cell Therapeutics Ltd., a company organized under the laws of the State of Israel, with offices at 00 Xxxxx xxxxxx Xxxxx-Xxxxxx, Xxxxxx, registered # 513601021, (the “Company”) and Xxxx Xxxxxx ID# [***], of [***] (the “Employee”).
WHEREAS, the Company and the Employee entered into an Employment Agreement, dated December 23rd, 2012 (together with any amendments, exhibits and schedules thereto, the “Employment Agreement”); and
WHEREAS, the Company and the Employee desire to amend the Employment Agreement on the terms and conditions more fully set forth herein;
NOW, THEREFORE, it is hereby agreed as follows:
1. | Unless otherwise defined herein, all capitalized terms in this Amendment shall have the meanings ascribed to them in the Employment Agreement. |
2. | As of the Effective Date, Employee will be entitled to a monthly gross Salary of 26,500 NIS of which 22,525 NIS – as base gross salary; 3,975 NIS – as global compensation for overtime. |
3. | Payroll and other compensation will be calculated accordingly. |
4. | Except as set forth herein, the provisions of the Employment Agreement shall remain unchanged and in full force and effect. |
IN WITNESS WHEREOF,
Company: |
| Employee: |
| | |
Brainstorm Cell Therapeutics Ltd. | | Xxxx Xxxxxx |
| | |
By: Xxx Xxxxxxxx | | Signature: /s/ Xxxx Xxxxxx |
Title: EVP, CBO | | |
Signature: /s/ Xxx Xxxxxxxx | | Date: 31.05.2020 |
| | |
Date: 31.05.2020 | | |
