exv10w8w3








Exhibit 10.8.3




Amendment to Employment Agreement



This Amendment (the “Amendment”) is entered into as of this 4th day of November, 2009, by and
between Ormat Technologies Inc. a Delaware corporation (the “Company”) and Yoram Bronicki (the
“Employee”)





			
	Whereas:	 	The Parties hereto have previously entered into an Employment
Agreement dated as of July 1, 2004, which was subsequently
amended on February 26, 2008 (together, the “Employment
Agreement”), pursuant to which Employee was engaged by Employer
as its Chief Operating Officer (“COO”), responsible for
Employer’s operations in the United States; and






			
	Whereas:	 	in light of Employee’s appointment as Employer’s President and
Chief Operating Officer, responsible for all Employer’s
operations, whether in or outside the United States, the Parties
wish to amend the Employment Agreement,




Therefore, it is hereby stipulated and agreed between the Parties as follows:






	1.	 	General






	 	1.1.	 	The preamble to this Amendment constitutes an integral part hereof.
	 
	 	1.2.	 	Unless otherwise defined herein, the capitalized terms appearing herein shall have
the meaning attributed to them in the Employment Agreement.






	2.	 	Amendment






	 	2.1.	 	Section 4.2 of the Employment Agreement is amended by deleting “0.75% of the lower
of (i) the net pre-tax yearly profit of the Employer’s operating plants in the United
States and (ii) the net cash flow before taxes and before capital expenditures for
enhancement of the operating plants generated by the Employer’s operating plants in the
United States during the year, but no more than the sum equaling 3 times the annual
base salary of Employee” and inserting “0.75% of the Employer’s annual consolidated
profits (after tax) above US$2,000,000 (two million US Dollars), but no more than the
sum equaling 6 times the annual base salary of Employee. In calculating the Employer’s
annual consolidated profits (after tax), capital gains or losses from dilution of
investments in subsidiaries, shall be disregarded”.
	 
	 	2.2.	 	The Governing Law of the Employment Agreement and all amendments thereto, including
this Amendment, shall be Israeli Law. This provision shall supersede all contradicting
provisions included in the Employment Agreement.






	3.	 	Condition Precedent and Effective Date






	 	 	This Amendment shall be effective for the annual bonus payable with regard to 2009 (i.e. in
2010).






	4.	 	Continued Validity of the Employment Agreement
	 
	 	 	Except as amended and superseded by this Amendment, the Employment Agreement will remain in full
force and effect, will continue to bind the Parties hereto, and will continue to govern the
terms and conditions of the Employee’s continued employment with the Employer. To the extent
that the terms of this Amendment conflict or are inconsistent with the terms of the Employment Agreement, the
terms of this Amendment will govern.






 








 





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	5.	 	Entire Agreement
	 
	 	 	This Amendment and the Employment Agreement, to the extent not amended and superseded by this
Amendment, constitute the entire agreement between the Parties hereto respecting the employment
of the Employee with the Employer (the “Entire Agreement”). There being no representations,
warranties, or commitments between the Parties hereto except as set forth in the Entire
Agreement, the Entire Agreement replaced and supersedes and other employment agreement or
arrangement, oral or written, between the Employer or any of its affiliates, and the Employee.




IN WITNESS WHEREOF, the Parties hereto have duly executed this Amendment on the day and year first
set forth above




	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ Y. Bronicki 

Ormat Technologies, Inc.

	 	 
	 	/s/ Y. Bronicki 

Yoram Bronicki
	 	 
	By: Y. Bronicki
	 	 	 	 	 	 
	Title: CEO
	 	 	 	 	 	 
	Date: November 4, 2009