Exhibit
10.22


 


Employment
Agreement


 


By
and Between:


 


P.V.
NanoCell Ltd., of Hamasger St 8, Migdal Ha’emek (the “Company”); and


 


Adva Bar-On, I.D. 055336010_ of Habrosh 73, Ezer (the “Employee”).


 


	1.	Employment
                                         Agreement



		 	 



	1.1	The parties confirm that as of_15th of March, 2016 (the “Effective Date”), the Employee shall be a full time employee of the Company, under the terms herein.

                                                                                 

                                                                                The position of the Employee shall be: VP R&D




 


		The
                                         Employee shall report to the Company’s CEO.



		 	 



		The
                                         Company may approve a change in the position, reporting structure, title, responsibilities
                                         and authority of the Employee; and such change shall not be considered a breach of this
                                         Agreement provided, however, that Employee’s remuneration shall not be derogated from.



 


	1.2	The
                                         Employee agrees to dedicate the Employee’s time, experience, talent, expertise and knowledge
                                         to the Company, and to fulfill the Employee’s job in the Company in a loyal and dedicated
                                         manner, and in accordance with the policies, codes and instructions of the Employee’s
                                         superiors in the Company.



		 	 



	1.3	During
                                         the period of this Agreement, the Employee shall not engage in any professional activity,
                                         commercial or otherwise, unless consented to by the Company in writing. Such approved
                                         activity may not intrude with the Employee’s work in the Company in terms of time schedule
                                         (to the extent agreed upon herein), conflict of interests or competition.



		 	 



	1.4	The
                                         Employee is not allowed to obligate and/or bind the Company in any way and/or create
                                         any commitments, except as expressly authorized.



		 	 



	1.5	All
                                         reasonable procedures and directives of the Company applicable to subjects of work behavior,
                                         discipline etc., will have a binding effect on the Employee provided, however, that such
                                         policies have been brought to the Employee’s attention in advance. The Employee
                                         hereby confirms that: (i) no compensation or remuneration from any third party has been
                                         or shall be given with respect to the Employee’s employment with the Company; and
                                         (ii) the Employee shall not accept from any third party any gifts, gratuities, kickbacks
                                         or bribes.



		 	 



	1.6	This
                                         Agreement forms the complete and exclusive agreement between the parties as to its subject
                                         matter; and it cancels any prior verbal or written agreement related thereto. Any change
                                         to this Agreement requires a duly signed document.



		 	 



	1.7	Failure
                                         or delay of either party to require the performance of any term under this Agreement,
                                         or the waiver by either party of any breach under this Agreement, shall not prevent subsequent
                                         enforcement of such terms, nor be deemed a waiver of any subsequent or prolonged breach.



 


	1.8	The
                                         amount and details of the Employee’s salary and other benefits are confidential. This
                                         information may not be disclosed by the Employee to other employees nor may such information
                                         be published to people who are not authorized by the Company, unless legally required
                                         to do so.



 






     


     


    

 


	2.	Remuneration



		 	 



	2.1	Salary: the
                                         Employee’s gross salary will be NIS 25,600 per month (the “Salary”).



		 	 



	2.2	Overtime
                                         payment: Notwithstanding the above, the parties confirm that the Employee’s
                                         job will require overtime work and work at irregular hours, without the need to approve
                                         each such hour. In consideration thereof, the Company will pay the Employee a gross sum
                                         of NIS 6,400 per month (the “Global Overtime Payment”),
                                         which the parties estimate to be a fair average compensation for the overtime work and
                                         work at irregular hours per each month of employment, provided that, the Employee does
                                         not work more than 43 overtime hours per month (the “Ceiling”).



 


The
Employee will be allowed to work over the above Ceiling only with the prior written approval of the Company’s CEO
per each month in which such additional above the Ceiling overtime hours are required.


 


Subject
to receiving the CEO’s above prior approval per each month, overtime hours beyond the Ceiling, will entitle the Employee to receive
compensation as required by law.


 


If
the Employee or any third party on the Employee’s behalf file a claim against the Company for payment on overtime hours which
exceed the terms set forth in this Section 2.2, the Company shall be entitled to offset the entire Global Overtime Payment that
it had paid to the Employee against any sums ruled in favor of the Employee in such claim.


 


	2.3	The
                                         Salary and the Global Overtime Payment will be payable until the 10th of each month for
                                         the previous month. All benefits due to the Employee as set forth in this Agreement or
                                         by law shall be provided on the Salary and the Global Overtime Payment, but not on payment
                                         due to overtime hours exceeding the Ceiling. Taxes, social security payments, social
                                         benefits and other obligatory payments which are to be borne by the Employee according
                                         to applicable laws and regulations - will be deducted from all the above payments.



		 	 



	2.4	The
                                         parties confirm that the Employee’s job will require work at long and irregular hours
                                         including extensive travel and the compensation for such work is included in the aforesaid
                                         Salary and Global Overtime Payment and the other terms of this Agreement.






 






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	2.5	Benevolent
Fund - Bituach Menahalim: the Company will pay up to a maximum of 15.83% of the Salary and Global Overtime Payment each month
into a mutually defined fund (consisting of 8.33% for severance pay, 5% for pension and up to 2.5% for disability insurance and/or
sickness insurance), and the Employee will pay into this plan 5% of the Employee’s Salary and Global Overtime Payment. As
agreed the distribution will be corrected according to the insurance agent instructions but not more than 15.83%. See attached
file: 



 


The
parties agree to apply the terms of Annex “A” hereto according to Section 14 to the Severance Pay act
of 1963. Subject to Section 2.2 to the agreement set forth in Annex A, the Company commits to transfer the ownership of the fund
to the Employee upon termination or resignation.


 


	2.6	Study
                                         Fund - Keren Hishtalmut: the Company will pay 7.5% of the Salary and Global Overtime
                                         Payment each month into a mutually defined fund, and the Employee will pay into this
                                         fund 2.5% of the Employee’s Salary and Global Overtime Payment. The Company commits
                                         to transfer the ownership of the fund to the Employee upon termination or resignation.



 


	2.7	Vacation
                                                                                                                                                                                            Days, Sick Leave, Travel Expenses & D’mei Havraa: the Employee is entitled to 18 vacation days per year for the
                                                                                                                                                                                            first year and 22 from the second year on, sick leave from the first day, and 14 days D’mei Havraa per
                                                                                                                                                                                            year.



 


	2.8	Expenses:
                                         the Employee will be reimbursed for out of pocket expenditures related to the Employee’s
                                         work, in accordance with Company’s procedures.



		 	 



	2.9	Car
                                         expenses: the Company will pay the Employee an amount of NIS 4000 per month to cover
                                         the Car Expenses, and Dalkan and Kvish 6 expenses.



 


	2.10	The
Company will give the Employee Options (in the framework of the company’s Option Plan) as to be determined and approved
by the Company’s Board of Directors.
	 	 
	2.11 	The Company
                                         will provide a phone and computer to the Employee and cover the expenses.



 


	3.	Secrecy
                                         and Non-Compete Provisions



		 	 



	3.1	In
                                         this chapter 3 below, the term “Group” shall mean the Company and its
                                         subsidiaries and affiliates as currently exist and as may exist in the future.



		 	 



	3.2	Any
                                         proprietary business, commercial or technical information related to the Group’s
                                         knowhow, inventions, technology, products, marketing, business plans, investment strategies,
                                         negotiations and any other commercial or technical information (collectively referred
                                         to as “Knowhow”), whether protected, patentable or patented or not
                                         and whether subject to any other legal protection or not, arising out of the Employee’s
                                         or others’ work for the Group, shall be the exclusive property of the Group. The
                                         Employee will promptly submit to the Company full details related to the Knowhow; and
                                         will execute patent applications and assignments as may be requested by the Company (whether
                                         during or after the employment period) to confirm and register the Group’s ownership
                                         thereof. It is hereby clarified, that Employee’s obligations as specified in this
                                         section above shall be valid only regarding Knowhow which has been created or discovered
                                         during the term of Employee’s employment by the Company.



		 	 







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	3.3	Any
                                         and all information known to the Employee due to the Employee’s work in the Company,
                                         which constitutes, or is directly related to trade secrets, commercial relations, actual
                                         and potential clients and suppliers, technology and products, investments, prospective
                                         investment negotiations, Knowhow and any other information of a proprietary or confidential
                                         nature, of the Group, will hereinafter be together referred to as “Information”.
                                         Information may include commercial, technical, marketing, financial, administrative and
                                         management subjects. The Information and any part thereof are and shall be the exclusive
                                         property of the Group.



		 	 



	3.4	The
                                         Employee will not use any part of the Information, nor disclose or make it available
                                         to others, unless in the line of the Employee’s job in the Company or if required by
                                         judicial or governmental authority. The Employee shall be obliged to notify the Company
                                         of the requirement to so disclose such Information as soon as such demand is made upon
                                         her and before any disclosure of the Information.



		 	 



	3.5	The
                                         Employee recognizes that the Company received and will receive confidential or proprietary
                                         information from third parties subject to a duty on the Group’s part to maintain the
                                         confidentiality of such information and to use it only for certain limited purposes.
                                         At all times, both during the Employee’s employment and after its termination, the Employee
                                         undertakes to keep and hold all such information in strict confidence and trust, and
                                         the Employee will not use or disclose any of such information without the prior written
                                         consent of the Company, except as may be necessary to perform the Employee’s duties as
                                         an employee of the Company and consistent with the Company’s agreement with such third
                                         party. Upon termination of the Employee’s employment with the Company, the Employee shall
                                         act with respect to such information as set forth in Section 3.7 hereunder.



		 	 



	3.6	The
                                         foregoing provisions will survive the termination of this Agreement.



 


However,
these provisions shall not apply to Information which is in the public domain or becomes in the public domain through no wrongful
doing of the Employee, which may have been lawfully received from a third party not bound by confidentiality to the Company, or
has already been known to Employee not due to the Employee’s work in the Company.


 






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	3.7	Upon
                                         termination of the employment hereunder, the Employee shall immediately return to the
                                         Group all materials of any kind (whether in written or electronic form, computer files
                                         or otherwise) concerning the Information, including all copies thereof, and the Employee
                                         shall not retain any copies of such materials.



		 	 



	3.8	Without
                                         prejudice to the generality of the foregoing, the Employee agrees that during the period
                                         of this Agreement plus a “Freeze Period” (as defined below) after the termination
                                         - for any reason - of the Employee’s employment the Employee will not, directly or indirectly,
                                         for the Employee’s own account or for the account of others (including without limitation
                                         as a stockholder, director, officer, investor, partner, employee, sole proprietor, independent
                                         contractor or consultant), do or participate or assist or allow to do any of the following:



 


		(a)	engage
                                         in any business in direct competition with the business of the Company (engaging
                                         in the same business of the subsidiaries or affiliates of the Company or other entities
                                         of the Group, in which the Employee was not involved, and to which the Employee was not
                                         exposed in any way due to the Employee’s work in the Company, is permitted, and
                                         shall not be
                                         deemed to constitute a direct competition);




 


		(b)	request
                                         or advise any past, present or future business associate of the Group to decrease or
                                         cancel their business with the Group;
	 	 	 



			



		(c)	cause
                                         any employee of the Group to terminate his/her employment with the Group or to work for
                                         the Employee or for any party associated with the Employee.




 


The
“Freeze Period” shall be equal in length to the employment period hereunder, but in any case not shorter than 6 months
and not longer than 12 months.


 


The
parties confirm that during the employment hereunder, the Employee is more than likely to be exposed to the Information of the
Group; and that any activity as forbidden under subsections (a), (b) and (c) above is bound to breach the rights of the Company
in connection with such Information; and therefore the parties agree that the Freeze Period is intended to ensure such rights
of the Group.


 


	3.9	The
Employee confirms that the Employee does not bring and was not required to bring to the Group any proprietary materials of third
parties and that the Employee is under no restrictions relevant to the fulfillment of the Employee’s job in the Company,
whether by virtue of former employment, business dealings or otherwise. The Employee further confirms that the Employee has not
retained in the Employee’s possession any material (whether in written, electronic form, computer files or otherwise containing)
any confidential information from any prior employer or other third party which is competitive with or related to or can be used
in the business of the Group, whether or not created by her.



		 	 







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	3.10	The
Employee recognizes and agrees that the Employee has no expectation of privacy with respect to the Company’s networks, telecommunications
systems or information processing systems (including, without limitation, stored computer files, electronic mail messages and
voice messages), and that the Employee’s activity and any files or messages on or using any of those systems may be monitored
at any time by the Company without notice.



		 	 



	3.11	The
Employee acknowledges and agrees that a breach of any material provision of this chapter 3 might cause the Group substantial and
irreparable harm.



		 	 



	4.	Period
                                         of Employment



		 	 



	4.1	This
Agreement is made for a period of one year (automatically renewable if not agreed otherwise by the parties) subject to the right
of each party, at any time, to terminate it by giving prior notice: (i) 1 months prior notice, for the initial 6 months employments
and then 2 months prior notice, if termination is provided by either party at will; or (ii) immediately - if termination is made
for cause.



 


The
term “cause” in this agreement shall be defined as any of the following events or acts of the Employee: (a)
a material breach of agreement which has not been remedied within 14 days of written notice, (b) breach of confidence, loyalty
or unauthorized disclosure or use of the Group’s or third parties intellectual properties, (c) serious and continuing breach
of work behavior rules, (d) continuing and unjustified refusal to carry out work assignments, (e) self-dealing, embezzlement or
misappropriation of the Company’s property or serious damage to the Company’s property which is intentionally caused,
(f) gross negligence or misconduct, (g) criminal behavior as determined by a court of law except traffic violations.


 


	4.2	The
Company shall have the right to terminate the Agreement immediately without cause, provided however that it pays to the Employee
the entire amount due to her for the entire notice period due on the termination date.



		 	 



	4.3	Except
as provided by law, termination of this Agreement is without liability of the Company for any claims or payments beyond those
earned or accrued in the course of the employment hereunder; and the Employee hereby waives any and all such claims towards the
Company, its parent company and any other third party.



		 	 



	4.4	This
Agreement shall come into effect only upon the Effective Date provided the Employee reports to work at such time.









 






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And
in Witness, the parties sign and execute this Agreement, on this  15 day of March,  2016


 





	/s/
    P.V. NanoCell Ltd	 	
	P.V.
    NanoCell Ltd	 	Adva
    Bar-On




 


 


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