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Exhibit 10x

Employment Agreement – Part One

Made, entered into and signed in Tel Aviv on ______

By and Between
Ampal Industries (Israel) Ltd.
Of 111, Arlozorov Street, Tel Aviv
(Hereinafter: The Company)

Of the First Part

And Between

____________________________________ (Identity Card Number: _______________)
At: ______________________________________________
(Hereinafter: The Employee)

Of the Second Part

 

 

1)

This, Part One of the Employment Agreement, together with Part Two attached to
it shall hereinafter be called (both Part One and Part Two) the Employment
Agreement or the Agreement.

 

 

2)

The Employment Agreement in its entirety constitutes the Employment Agreement
between the parties.

 

 

3)

Task

 

 

 

The Employee is hereby appointed to the postion of
                                

 

 

4)

Personal Trust

 

 

 

Clause 3(b) in Part Two of the Employment Agreement shall apply to the parties.

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5)

Remuneration

 

 

 

The Company shall pay the Employee a gross monthly salary in the sum of
              and a total of 13 monthly salaries per annum. Each year, after
publication of the Company’s annual balance sheet, agreement shall be reached
between the Company’s CEO and the Employee, concerning an annual bonus in
appropriate to the Employee’s performance and the Company’s achievements.

 

 

 

 

6)

Pension Insurance Program

 

 

 

 

 

a)

The Company shall pay the premiums incurred for the pension insurance program as
mentioned in Part Two to the Employment Agreement and at the following rates:

 

 

 

 

 

 

i)

A rate of 131/3 % of the Employee’s gross salary (5% on account for benefits and
81/3 % on account for severance payments) and all such shall be on the dates
determined between the Company and the insurance company’s provident fund.

 

 

 

 

 

 

ii)

A rate of up to 2.5 % of the Employee’s gross salary (according to actual costs)
for incapacity to work insurance.

 

 

 

 

 

b)

The Company shall deduct from the Employee’s gross salary, as mentioned in Part
Two to the Employment Agreement, a total 5 % on account for benefits and shall
transfer the sum to the pension insurance program and the Employee hereby
confirms and agrees to that deduction.

 

 

 

 

7)

Further Education Fund

 

 

 

 

 

As stated in Part Two to the Employment Agreement, each month, on the date on
which the Employee’s salary is paid and as instructed by the Employee, the
Company shall pay for the Employee into the Further Education Fund, the sum that
is 7.5 % (seven and one half parts in a hundred) of the Employee’s monthly
salary and on the Employee’s part, the Employee shall agree to and instruct the
Company to deduct and pay from the Employee’s monthly salary, an additional sum
at the rate of 2.5 % (two and one half parts in a hundred) of the Employee’s
monthly salaries into the aforementioned Further Education Fund.

If there will be payments, which will be higher than the ceiling for such
provisions in accordance with Law, tax shall be grossed up for such payments.

 

 

 

 

8)

Sick Leave

 

 

 

 

 

As stated in Part Two to the Employment Agreement, the Employee shall be
entitled to annual sick leave as determined by Law.

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9)

Holidays

 

 

 

As stated in Part Two to the Employment Agreement, the Employee shall be
entitled to                     holiday each year for each 12 (twelve) calendar
months of continuous work during the Agreement period.

 

 

10)

Vehicle

 

 

 

That stated in Clause 6(c) in Part Two to the Employment Agreement shall apply
to the parties.

 

 

 

If that stated in Clause 6(c) in Part Two to the Employment Agreement shall
apply to the parties, the Company shall put at the Employee’s disposal, a
vehicle of the type:                     .

 

 

 

The Company shall gross up the sum of tax payable for the use of the vehicle as
aforementioned to Level       .

 

 

11)

Credit Cards

 

 

 

That stated in Clause 6(c) in Part Two to the Employment Agreement shall apply
to the parties.

 

 

12)

Newspaper

 

 

 

The Company shall purchase for the Employee, an annual subscription for the
Globes newspaper.

 

 

13)

Telephone

 

 

 

The Company shall place a mobile phone at the Employee’s disposal; the Company
shall bear the costs and shall gross up the tax component. The Company shall pay
the expense incurred for the telephone line in the Employee’s home.

 

 

14)

Options

 

 

 

That stated in Clause 6(c) in Part Two to the Employment Agreement shall apply
to the parties.

 

 

 

If that stated in Clause 6(c) in Part Two to the Employment Agreement shall
apply to the parties, the following provisions shall apply:

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a)

The Company shall grant the Employee, the option to purchase ____________ shares
of the type _____________ in Ampal-American Israel Corporation (hereinafter:
Ampal USA), each share to the nominal value of _____________, in lieu of a
realization price of ____________ US dollars (hereinafter: The Option).

 

 

 

 

b)

The options shall be granted to the Employee in stages and on condition that for
each stage, the Employee’s work at the Company is not halted for any reason
whatsoever until the date of each stage as aforementioned:

 

 

Beginning on: ____________ the Employee shall be granted part of the options for
the purchase of __________ shares and beginning on: __________ the Employee
shall be granted another part of the option for the purchase of _____________
additional shares. Beginning on: ____________ the Employee shall be granted the
part of the option for the purchase of ______________ additional shares.

 

 

 

 

c)

The date on which the options shall be granted shall be determined by the
Company and Ampal USA and such shall be after approval for the new options
program for Ampal USA, by the Board of Directors of Ampal USA.

Now, in witness thereof, the parties have signed below:

 

 

 

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The Company

 

The Employee

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Employment Agreement – Part Two

 

 

 

1)

Definitions

 

 

 

 

All definitions in Part Two to this Employment Agreement shall have the same
meaning as in Part One to the Employment Agreement, unless stated otherwise in
this Part Two to the Employment Agreement.

 

 

 

2)

Task and Employee Functioning

 

 

 

 

a)

The Company shall employ the Employee during the Agreement Period and the
Employee undertakes to work in the Company’s service during the Agreement Period
in the capacity stipulated in Part One to the Agreement and/or in any other
appropriate capacity imposed on the Employee by the Company.

 

 

 

 

 

Furthermore, the Employee undertakes to fulfill all the instructions and/or
additional tasks that shall be transferred to the Employee by the Company, as
part of the Employee’s tasks, in accordance with the Employee’s skills and
professional knowledge, including in accordance with the Company’s procedures as
shall be extant from time to time, including tasks that shall be imposed on the
Employee in connection with work linked to the activities of the Holding
Company, sister companies, subsidiary companies or companies linked to the
Company. It is hereby declared and clarified that notwithstanding all that
stated above; there shall be no employer / employee relationship between the
Employee and those companies and the Employee shall receive no payment in lieu
of the roles that the Employee shall fulfill in connection with those companies,
beyond the payments listed in the Employment Agreement.

 

 

 

 

b)

The Employee shall dedicate the Employee’s time, energies, skills, knowledge and
experience to the Employee’s work in the Company’s service and to that work
alone.

 

 

 

 

c)

During the Employment Agreement period, the Employee shall not be involved,
either directly or indirectly, in any other work and/or employment, either as an
employee or as self-employed; without the Company’s prior written agreement to
such.

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d)

The Employee shall serve the Company loyally and shall assure the Company’s
interests and shall protect those interests to the best of the Employee’s
ability. The Employee shall obey the Company’s reasonable instructions on all
matters referring to the manner in which the Employee fulfills the Employee’s
tasks, work arrangements, discipline and behavior, as such shall be given to the
Employee from time to time.

 

 

 

 

e)

The Employee undertakes to inform the Company immediately and without delay, of
any relevant matter or issue, in which the Employee, or any member of the
Employee’s family have personal and/or other interests, which might create a
conflict of interest with the Employee’s role at the Company.

 

 

 

 

f)

The Employee undertakes to obey the instructions given by the Employee’s
superiors on the Company’s behalf as given from time to time.

 

 

 

 

g)

The Employee undertakes to inform the Employee’s superiors in the Company and
the Company’s CEO, concerning any information referring to the Company’s
interests, when the subject matter exceeds normal business practice, immediately
after it comes to the Employee’s attention.

 

 

 

3)

Scope of Employment

 

 

 

 

a)

The Employee has been informed by the Company and is aware that when working for
the Company, the required scope of the Employee’s employment shall be full time
and the Employee shall agree to such.

 

 

 

 

b)

Furthermore, the Employee declares that the Employee is aware that the Hours of
Work and Rest Law; 5711 – 1951, shall not apply to the Employee, because the
Employee is employed at a task, which requires a special degree of personal
trust in conditions and circumstances, which do not permit the Company any
supervision of the Employee’s hours of work and rest.

 

 

 

 

 

The Employee shall not be entitled to any additional payment in lieu of the
additional hours of work.

 

 

4)

Remuneration

 

 

 

 

a)

In lieu of the Employee’s work and as full remuneration for all the Employee’s
undertakings in accordance with the Employment Agreement; each calendar month
the Company shall pay the Employee a gross monthly salary to the sum stipulated
in Part One to the Employment Agreement, (hereinafter: The Gross Salary).

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b)

After the publication of the Company’s annual balance sheet for each calendar
year; the Company shall decide whether to grant the Employee a bonus to a sum
that shall be determined by the Company and at the Company’s sole discretion
(hereinafter: The Bonus).

 

c)

From the Gross Salary, the Bonus and from any other payment as required by all
Law, the Company shall deduct and subtract all payments and/or taxes and/or
levies, including income tax payments, health tax, national insurance payments
and the like, as required by all Law.

 

 

5)

Pension Insurance Program

 

 

 

 

a)

The Company shall maintain for the Employee, a pension insurance program with an
insurance company and/or a provident fund and/or a pension fund, as shall be
determined by the Company and subject to that stipulated in this Clause below.

 

 

 

 

b)

The Company shall pay the premiums for the pension insurance program at the
rates listed in Part One to the Employment Agreement.

 

 

 

 

c)

The Company shall deduct from the Employee’s Gross Salary as stipulated in Part
One to the Employment Agreement on account for payments and shall transfer the
sum to the pension insurance program and the Employee hereby confirms and agrees
to this deduction.

 

d)

The pension insurance program shall be registered in the Company’s name and if
the Employee has a pension insurance program taken out by a previous employer,
the Employee shall request its transfer into the Company’s name; the Company
shall not object to such; on condition that the Company shall not be required to
set aside any sum for previous periods.

 

 

 

 

 

To remove all doubt: It is hereby clarified that after transfer of the program
into the Company’s name as aforementioned, the Company and the Employee shall
set aside for the program, the sums stipulated in Part One to the Employment
Agreement for the period beginning only on the day on which the Employee starts
work as a Company employee, as stipulated in this Employment Agreement.

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e)

It is agreed that the component set aside for severance pay in the pension
insurance program, as set aside by the Company during the Employee’s employment
by the Company, shall be transferred into the Employee’s name with the
Employee’s departure from the Company; only if the following condition is met:

 

 

 

 

 

Cessation of the employer / employee relationship did not occur under any
circumstance listed in Clause 10(b), (c) or (d) below.

 

 

 

 

 

To remove all doubt: It is hereby clarified that all other components of the
pension insurance program, including components and monies within it, which were
in it or were to the Employee’s credit before the date on which the Employee
began work as an employee of the Company, shall be transferred into the
Employee’s name with the Employee’s departure from the Company.

 

 

6)

Additional Conditions of Work

 

 

 

 

a)

Sick Leave – The Employee shall be entitled to sick leave each year as
stipulated in Part One to the Employment Agreement, on condition that the
Employee delivers to the Company, appropriate medical certificates, attesting to
illness and the Employee’s inability to work for the period; if so required by
the Company and at the Company’s discretion.

 

 

 

 

b)

Leave – The Employee shall be entitled to days of leave for each 12 (twelve)
calendar months of continuous work during the Agreement period, as stipulated in
Part One to the Employment Agreement.

 

 

 

 

 

The Employee declares that the Employee is aware of and agrees to prior
coordination of leave with the Company and the Company shall be entitled to
refuse to allow the Employee to take leave on specific dates and all such shall
be in accordance with the Company’s needs and requirements and at the Company’s
sole discretion.

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c)

Vehicle

 

 

 

 

 

 

If the Company places a vehicle at the Employee’s disposal, as stated in Part
One to the Employment Agreement, the following provisions shall apply:

 

 

 

 

 

 

i)

The vehicle type and model shall be determined by the Company and as stipulated
in Part One to the Employment Agreement. To remove all doubt – Nothing in that
stated above shall oblige the Company to place a new-model vehicle at the
Employee’s disposal and the vehicle shall be from the stock fleet of vehicles at
the Company’s disposal at the time and at the Company’s discretion.

 

 

 

 

 

 

ii)

The Company shall arrange insurance (obligatory, comprehensive, third party) for
the vehicle at the Company’s sole discretion and the Company shall bear the
costs of that insurance.

 

 

 

 

 

 

iii)

The Company shall bear the cost of the vehicle’s ongoing service and repair.

 

 

 

 

 

 

iv)

The Company shall bear fuel costs.

 

 

 

 

 

 

v)

The Employee shall bear the cost of all fines and traffic violations imposed on
the vehicle and/or its driver and all other expenses not listed in this Clause.

 

 

 

 

 

 

vi)

The Company shall deduct from the Employee’s Gross Salary, the income tax
payments incurred for that stated in this Clause above, or shall gross up those
tax payments; all as such is stipulated in Part One to the Agreement.

 

 

 

 

 

 

vii)

The Employee shall present to the Company, claims concerning expenses relating
to the vehicle as required by Law and as instructed by the Company from time to
time.

 

 

 

 

 

d)

Convalescence Pay

 

 

 

 

 

 

The Employee shall be entitled to Convalescence Pay as determined in the
Expansion Orders issued by the Minister of Labor and Social Affairs and as such
apply to all employers and employees and as valid from time to time and as is
accepted practice at the Company.

 

 

 

 

 

e)

Military Reserve Duty

 

 

 

 

 

 

During periods of active duty in the Reserves, the Employee shall be paid
salary, on condition that all the payments received by the Employee or which the
Employee shall be entitled to receive from any party whatsoever, in lieu of
service in the Reserves, shall be transferred to the Company by the Employee
immediately upon their receipt and if the Employee does not so act, such sums
shall be deducted from the Employee’s salary.

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f)

Travel Abroad

 

 

 

 

 

 

The Employee hereby declares and agrees that as part of the Employee’s work at
the Company, it is possible that the Employee might be required to travel abroad
for periods of varying lengths. Reasonable travel and accommodation costs shall
apply and shall be paid by the Company, subject to approval by the Company and
in accordance with the Company’s procedures from time to time.

 

 

 

 

 

g)

Further Education Fund

 

 

 

 

 

 

Each month, on the date on which the Employee’s salary is paid and as instructed
by the Employee, the Company shall pay into a Further Education Fund for the
Employee, a sum to the total stipulated in Part One to the Employment Agreement
and on the Employee’s part, the Employee agrees and instructs the Company to
deduct and pay from the Employee’s salary, an additional sum to the total
stipulated in Part One to the Employment Agreement from the Employee’s monthly
salary to the aforementioned Further Education Fund.

 

 

 

 

 

h)

Reimbursement of Expenses

 

 

 

 

 

 

The Company shall reimburse the Employee, for reasonable expenses laid out
during the Employee’s work for the Company, in accordance with the procedures,
which shall be determined by the Company (such as: Hospitality for the Company’s
guests, reimbursement of expenses abroad, etc.), subject to the guidelines that
shall be given to the Employee by the Company, from time to time.

 

 

 

 

 

 

At the end of each calendar month, or on any other date determined by the
Company, the Employee shall provide the Company with an expense claim,
accompanied by the appropriate receipts, in accordance with the accepted
procedures at the Company and/or as required by the provisions of all Law
applicable to the matter.

 

 

 

 

 

i)

Company Property for the Employee’s Use

 

 

 

 

 

 

If the Company provides for the Employee’s use while fulfilling the Company’s
tasks, various items and property belonging to the Company and in the Company’s
opinion the Employee needs them to fulfill those tasks, such as a mobile
telephone (and bears the cost of reasonable use), a laptop computer and the
like; when all such is as appropriate to the Employee’s role and at the
Company’s discretion; in such circumstances the Employee hereby undertakes to
return to the Company, immediately upon the end of the Employee’s employment at
the Company for any reason whatsoever, all the property in the Employee’s
possession that belongs to the Company, including the vehicle at the Employee’s
disposal as aforementioned and all other property placed at the Employee’s
disposal in accordance with that stipulated in this Clause.

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j)

Credit Cards

 

 

 

 

 

 

i)

If the Company places at the Employee’s disposal, a credit card selected by the
Company as stipulated in Part One to the Employment Agreement; the Employee
shall be entitled to use it solely for the purposes of the Employee’s work for
the Company (hereinafter: The Credit Card).

 

 

 

 

 

 

ii)

The Employee shall make use of the Credit Card solely for the purposes of the
Employee’s work for the Company and in connection with the Credit Card, the
Employee undertakes to act in accordance with the Management’s instructions and
in accordance with the different guidelines that shall be given to the Employee
on this matter from time to time.

 

 

 

 

k)

Options

 

 

 

 

 

 

If the Company grants to the Employee, Options for the purchase of shares in
Ampal USA as stated in Part One to the Employment Agreement; then the following
provisions shall apply:

 

 

 

 

 

i)

The Options shall be for the purchase of shares in Ampal USA to the number and
at the realization price stipulated in Part One to the Employment Agreement
(hereinafter: The Options).

 

 

ii)

The Options shall be granted to the Employee in the stages listed in Part One to
the Employment Agreement and on condition that at each stage, the Employee’s
employment shall not be terminated for any reason whatsoever until the date of
that stage.

 

 

 

 

 

 

 

Granting of Options as aforementioned in this Clause is possible for as long as
the working relationship between the parties continues or for a period of 60
(sixty) days from the day on which the working relationship ends between the
parties for any reason whatsoever; according to the earlier of the two and on
condition that on the date when the Options or any part thereof were first
granted to the Employee, an employer / employee relationship was still extant
between the Employee and the Company.

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iii)

The Options shall be granted to the Employee in accordance with the options
program for Ampal USA, as shall be approved by its Board of Directors and in
accordance with the documents appropriately drawn up and whenever a
contradiction arises, particularly between the provisions of this Clause 6 and
the Employment Agreement as a whole and the provisions of the options program
and its documents as aforementioned, the provisions of the options program and
its documents shall take precedence.

 

 

 

 

7)

Confidentiality and Non-Competition

 

 

 

 

 

a)

The Employee undertakes not to reveal the provisions of the Employment Agreement
in general and the conditions of the Employee’s employment (in other words –
salary, additional conditions, etc.) in particular, to any third party
whatsoever (with the exception of close relatives, subject to the condition that
the limitations of the aforementioned confidentiality shall also apply to such
close relatives) either directly or indirectly, including to other employees at
the Company.

 

 

 

 

 

b)

In this clause, the following terms shall have the meanings given alongside
them: “Company Secrets” – Any commercial, professional or business knowledge or
information whatsoever, which is not public knowledge and cannot be discovered
lawfully with ease by others, which has come to the Employee’s attention and/or
has been passed on to the Employee and/or the Employee has been made aware of
and/or has been developed by the Employee, either directly or indirectly, during
and/or consequential to the Employee’s work at the Company. Without any
derogation from the generality of the above; such knowledge shall include among
other things, both existing and future research results and processes,
information referring to the development of ideas in the Company’s possession,
lists of existing and future clients, commercial information referring to
clients and/or the Company’s links with third parties, marketing information and
sales promotion strategies, documents, records, contracts, offers, intellectual
copyright, databases and data and all information referring to the planning,
manufacturing, marketing and distribution of products manufactured by and/or
planned by the Company and all other written materials (hardcopy) stored in
electro-magnetic devices or using any other means, as they touch upon the
Company’s interests, products, services, plans and commercial interests and
information regarding the computer array and information systems at the Company
and information regarding the Company’s relationships with the Company’s
employees and/or clients and/or suppliers;

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“Company Documents” – All documents that shall be passed on to the Employee
and/or that shall reach the Employee as the consequence to and/or following the
Employee’s work at the Company, as linked either directly or indirectly to the
Company or its employees’ activities and/or its clients and/or suppliers and/or
that contain and/or refer to information and/or any knowledge whatsoever
belonging to the Company.

 

 

 

 

 

c)

The Employee hereby declares and undertakes to preserve confidentiality and not
to reveal and/or expose and/or advertise and/or use and/or pass on to others,
any of the Company’s secrets, either directly or indirectly. Moreover, the
Employee undertakes not to make any use whatsoever of the Company’s secrets,
which can be commercially exploited in any manner whatsoever, unless by way of
fulfillment of the Employee’s role at the Company and the execution of work at
and for the Company and to the extent that such is necessary for that purpose
alone.

 

 

 

 

 

To remove all doubt – It is hereby clarified and agreed that the Employee’s
undertakings, as made in accordance with this Clause, shall remain valid and
shall oblige the Employee, even after the end of the period of the Employee’s
employment by the Company.

 

 

 

 

 

d)

Proprietary Rights

 

 

 

 

 

 

i)

It is hereby declared and agreed by both parties that the Company’s documents
are the Company’s property for all purposes and in all matters and they shall be
returned to the Company by the Employee (including all copies and duplicates
thereof of any type or kind, both if such were made with permission and if made
without permission by the Employee or another acting on the Employee’s behalf),
immediately upon the end of the Agreement period and/or at the end of the
employer / employee relationship between the Company and the Employee (the
earlier of the twos) or on any other date, as required by the Company. The
Employee undertakes not to copy the documents in any manner whatsoever, unless
for the purposes of fulfilling and executing the Employee’s tasks and/or
relationships with and in the name of the Company.

 

 

 

 

 

 

ii)

The Employee shall not pass on or publish any information, articles, research or
the like, referring to matters linked to or touching upon the field of the
Company’s activities, without receiving prior written approval for such from the
Company.

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e)

During the Employee’s work at the Company – without any derogation from that
stated in the Employment Agreement and for a period of 6 (six) months following
the end of the Employee’s employment by the Company, the Employee shall not be
involved, either directly or indirectly, the Employee himself or through others,
in any manner whatsoever, including through a corporation in which the Employee
has part ownership and/or is an interested party or is the controlling interest
in that corporation; in any other employment in the field of the Company’s
activities and/or direct competition in the field of the Company’s activities.

 

 

 

 

 

f)

Without any derogation from the generality of that stated above, the Employee
undertakes that during the Employee’s period of employment at the Company and
for a period of 24 (twenty four) months after the end of the employment by the
Company, the Employee shall abstain from providing services in any manner
whatsoever, including consulting services, either paid or not paid, to any
business or occupation in which the Company was involved.

 

 

 

 

8)

Agreement Period

 

 

 

 

 

The Employment Agreement shall become valid on                          and
shall remain valid, for as long as it is not abrogated by either of the parties
to the Agreement as stipulated in Clauses 9 and/or 10 below.

 

 

 

 

9)

Each side to the Agreement shall be entitled to bring the Agreement to an early
close by providing early written notice without reasons, of at least
                 months to the other party.

 

 

 

 

 

If the aforementioned notice shall be given by the Company to the Employee, the
Company shall specify in the notice, at the Company’s sole discretion, the date
on which the Employee shall end employment at the Company. If the date for the
end of the Employee’s work at the Company as mentioned above, is before the end
of the aforementioned                 month period, or occurs on the date on
which the aforementioned notice was given; the Employee shall be entitled to
early notice payments, for the remainder of the             month period
mentioned above or the entire period, as appropriate. Furthermore, if the date
for the end of the Employee’s employment at the Company as aforementioned is
before the end of the aforementioned             month period or shall apply on
the date when the aforementioned notice is given; until the end of the
aforementioned              month period (either if the Employee actually ceases
work at the Company or if not) the Employee shall be entitled to receive all the
accompanying conditions and rights (provisions for social benefits, use of a
vehicle, mobile phone and all other accompanying rights and conditions to the
Employee’s employment by the Company in accordance with the Employment
Agreement).

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10)

Notwithstanding that stated above, the Company shall be entitled to bring the
Employment Agreement to an immediate close, if any of the following incidents
occurs:

 

 

 

 

 

a)

If the Employee breaches any provision whatsoever in Clause 2 above.

 

 

 

 

b)

If the Employee breaches any provision whatsoever in Clause 7 above.

 

 

 

 

c)

If the Employee is accused of or convicted of a criminal offense that is a
misdemeanor or an infamous crime.

 

 

 

 

d)

If the Employee abused the trust placed in the Employee by the Company and/or
was contemptuous of the work and/or the Company and/or damaged the Company’s
reputation.

 

 

 

11)

With the end of the Agreement for any reason whatsoever, the Employee shall
cease working for the Company and the employer / employee relationship between
the Employee and the Company shall reach conclusion.

 

 

 

 

12)

With the cessation of the Agreement Period in accordance with that stipulated in
the Employment Agreement; the Employee shall receive the Employee’s salary or
the early notice payments, if there shall be such, as appropriate, until the
date on which the Agreement Period ends as stipulated in Clause 9 and/or Clause
10 above (hereinafter: The Cessation Date) on condition that until the Cessation
Date, the Employee shall work and fulfill the Employee’s tasks in accordance
with the Company’s demands.

 

 

 

 

 

The Employee undertakes that until the Cessation Date, the Employee shall pass
on the Employee’s role at the Company in a full, orderly manner to another
employee or to other employees, in accordance with the Company’s instructions
and furthermore, the Employee shall deliver to the Company, all the documents,
the required equipment and all other materials of any sort or kind whatsoever,
which has reached the Employee or is in the Employee’s control and/or has been
prepared by the Employee in connection with the Company and/or the Employee’s
work at the Company, including all copies of such.

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Furthermore, the Employee shall be entitled to Holiday Pay and to Convalescence
Pay, for the relative part of the Employee’s holiday entitlement as stipulated
in the Employment Agreement above, when not realized before the Cessation Date.

 

 

 

 

13)

Notwithstanding that mentioned in Sub-clause 12 above, it is agreed that if the
full transfer process for the Employee’s work is not completed during the early
notice period, the Employee shall cooperate with the Company in the transfer of
the task as aforementioned, even after the end of the early notice period and
such shall not be considered an employer / employee relationship in any manner
whatsoever and on condition that the transfer completion dates as aforementioned
shall be determined in coordination with the Employee and the Company shall act
to the best of its ability, to shorten the additional transfer period as much as
possible.

 

 

 

 

14)

The Employment Agreement, including the Appendices thereto, constitutes all that
agreed between the parties in reference to the matters considered within it and
it is not amendable and/or changeable unless through a written document signed
by both parties.

 

 

15)

The Company shall be entitled to set off any sum, which the Company is entitled
to receive from the Employee in accordance with the Employment Agreement,
against any sum to which the Employee is entitled at any time whatsoever from
the Company and/or to appropriate as aforementioned without any derogation of
the Company’s right to collect the sum by any other means.

 

 

16)

The Employment Agreement replaces all other previous agreements or arrangements
of any sort or type whatsoever that existed (if any such did exist) between the
Employee and the Company and it shall apply to the working relationship between
the parties, beginning with the start of the Agreement Period as aforementioned
in Clause 8 above, but it shall in no way harm the Employee’s rights as such
accrue to the Employee through the Employee’s work in the Company’s service
until the aforementioned date.

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17)

Notices

 

 

 

Any notice or any other document that must be provided in accordance with the
Employment Agreement, shall be made out in writing and for as long as any party
has not informed the other party otherwise, the parties’ addresses shall be as
stated in the preamble to the Employment Agreement and any such notice shall be
considered as received by the addressee, 7 (seven) days from the day on which it
was sent by registered mail or with its delivery if delivered by hand.

Now, in witness thereof, the parties have signed below:

 

 

 

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The Company

 

The Employee

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Addition to the Employment Agreement Dated: _____________

Made, entered into and signed in Tel Aviv
On ___________

By and Between
Ampal Industries (Israel) Ltd.
At 111, Arlozorov Street, Tel Aviv
(Hereinafter: The Company)

Of the First Part

And Between

____________________________________ (Identity Card Number: _______________)
At: __________________________________________
(Hereinafter: The Employee)

Of the Second Part

 

 

Whereas:

On                     , the parties signed an Employment Agreement
(hereinafter: The Employment Agreement);

 

 

And Whereas:

The Appendix marked “A” (hereinafter: Appendix A) attached to the Employment
Agreement lists specific conditions for the employment of the Employee by the
Company;

 

 

And Whereas:

It is the parties’ wish to add the provisions of this Addition to Appendix A,
all subject to the provisions of the Employment Agreement and the provisions of
this Addition as given below;

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Now, therefore, the parties hereto agree, stipulate and declare as follows:

 

 

1.

The preamble to this Addition constitutes an integral part thereof and obliges
as all its other conditions.

 

 

2.

All terms not specifically defined in this Addition, shall have the same meaning
as that given for them in the Employment Agreement.

 

 

3.

The following clause shall be added to the provisions of Appendix A: If during
the period of the Employment Agreement, control of the Ampal American – Israel
Corporation (hereinafter: Ampal USA) shall change and the controlling interest
in Ampal USA on the date on which this addition is signed shall cease to be the
controlling interest in Ampal USA and if during six months from the change in
controlling interest as aforementioned, the Company ceases employment of the
Employee for any reason whatsoever or if the Employee shall cease the Employee’s
employment at the Company for any reason whatsoever; the Employee shall be
entitled, in addition to and without any derogation from any other right and
relief to which the Employee shall be entitled in accordance with the provisions
of the Employment Agreement and/or in Law; to an adjustment grant (hereinafter:
Adjustment Grant) to the value of             months of the Employee’s last
salary, including all the accruing conditions and rights (provisions for social
benefits, use of a vehicle, mobile telephone and any other rights accompanying
the Employer’s employment by the Company in accordance with the Employment
Agreement and Appendix A). The Adjustment Grant shall be paid and given to the
Employee for a period of          months from the date on which the Employee’s
employment ended as aforementioned. The rights, which by their very nature do
not find monetary expression (such as use of a vehicle, mobile telephone, etc.),
shall be actually provided to the Employee during the aforementioned           
month period.

 

 

 

To remove all doubt – the Employee shall be responsible for all payment of taxes
imposed on the Employee as a consequence to the receipt of the Adjustment Grant.
Furthermore, the Employee hereby agrees that if and to the extent that such
shall be required by Law, the Company shall deduct from the Adjustment Grant and
shall garner from it, all payments and/or taxes and/or levies, including income
tax payments, health tax and National Insurance levies and all the like, if so
required by all Law.

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4.

The provisions of this Addition are complementary to the provisions of the
Employment Agreement and in no circumstances shall they replace the provisions
of the Employment Agreement, unless such is stated explicitly.

 

 

 

In the event of any contradiction between the provisions of this Addition and
the provisions of the Employment Agreement, the provisions of this Addition
shall take precedence.

Now, in witness thereof, the parties have signed below:

 

 

 

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The Company

 

The Employee

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Employee Transfer Agreement

Made, entered into and signed on the
_________ Day of the Month of _______________ in the Year ________

By and Between
Ampal Industries (Israel) Ltd.
At: 111, Arlozorov Street, Tel Aviv
(Hereinafter: The Transferring Company)

Of the First Part

And Between
Ampal Israel Ltd.
At:111, Arlozorov Street, Tel Aviv
(Hereinafter: The Receiving Company)

Of the Second Part

And Between
____________________________________ (Identity Card Number: _______________)
(Hereinafter: The Employee)

Of the Third Part

 

 

Whereas:

The Employee is employed by the Transferring Company in accordance with an
employment agreement between them as signed on: _______________ , as such was
amended from time to time and as attached to this agreement marked Appendix “A”
(hereinafter: The Employment Agreement);

 

 

And Whereas:

The Transferring Company and the Receiving Company are companies under common
control;

 

 

And Whereas:

It is the parties’ wish that from December 1, 2004 (hereinafter: The Deciding
Date), the employee shall cease working for the Transferring Company and shall
begin working for the Receiving Company and as is stipulated below;

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--------------------------------------------------------------------------------

Now, therefore, the parties hereto agree, stipulate and declare as follows:

 

 

5.

The preamble to this agreement and the appendices thereto constitute integral
parts thereof.

 

 

6.

It is hereby agreed that on the Deciding Date, the employee shall cease working
for the Transferring Company and shall begin working for the Receiving Company
and to further that purpose, on the Deciding Date, the Transferring Company
shall assign and transfer to the Receiving Company, all the rights and
obligations in accordance with the Employment Agreement and beginning on the
Deciding Date, the Receiving Company shall take upon itself all the rights and
obligations accruing to the Transferring Company in accordance with the
Employment Agreement and wherever the Employment Agreement makes any reference
whatsoever to the Transferring Company, such shall be considered a reference to
the Receiving Company.

 

 

7.

Beginning on the Deciding Date, the Receiving Company shall bear all the
commitments made to the Employee in accordance with all Law and/or agreement,
including the Employment Agreement.

 

 

8.

The Employee hereby confirms and declares that the Employee agrees to the full
assignment of the Transferring Company’s rights and obligations in accordance
with the Employment Agreement to the Receiving Company and that from the
Deciding Date, the Receiving Company shall be the Employee’s employer and such
is instead of the Transferring Company and the Employee confirms that the
provisions of the Employment Agreement shall continue to apply to and oblige the
Employee vis-à-vis the Receiving Company, with the necessary adjustments.
Furthermore, the Employee hereby declares and confirms that the Employer’s
agreement to transfer to employment at the Receiving Company shall not be
considered any dismissal granting the Employee rights to severance payments or
to any other payment.

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9.

The Receiving Company hereby declares and undertakes that the Transferring
Company’s commitments to employees concerning severance pay, holidays, further
education funds, sick leave, social benefits and all other commitments referring
to employment agreements with employees, shall be transferred and honored in
full by the Receiving Company and that the transfer of the Employee to the
Receiving Company shall not impinge upon the continuity of the Employee’s rights
in reference to all rights to which the Employee was entitled at the
Transferring Company and that payments deposited by the Transferring Company in
external Funds and/or Managers’ Insurance programs and/or as reserves
(provisions) shall endure for the Employee.

 

 

10.

All deposits and/or provisions made, be such in external Funds, or in Managers’
Insurance programs, or from the Transferring Company’s sources, shall be
transferred on the Deciding Date to the Receiving Company, subject to the
receipt of any permit that might be required for that purpose from the Tax
Authorities in accordance with Law.

 

 

11.

Without any derogation from the commitments made in accordance with this
agreement; each of the parties undertakes to sign any document and perform any
act, the signing of which or the execution of which by that party is required
for the purposes of granting validity to the provisions of this agreement and
their execution.

 

 

12.

This Agreement obliges that agreed by the parties concerning the matters
enumerated therein and it shall not be open to amendment or change, unless in a
written document signed by them.

 

 

13.

All notices sent by any party whatsoever to another party, to the address given
in the preamble to this agreement, shall be considered as received by the party
to which it was addressed on the date on which it was sent; if sent by
messenger, or if sent by facsimile and confirmation of transmission was received
and if sent by mail – four business days from the date on which it was sent by
registered mail.

Now, in witness thereof, the parties have signed below:

 

 

 

 

 

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The Transferring Company

 

The Employee

 

The Receiving Company

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