Document:

EX-10.8

 Exhibit 10.8 

EMPLOYMENT AGREEMENT 
 THIS
AGREEMENT (hereinafter: the “Agreement”) is made and entered effective on the 20 day of December 2012, by and between Makhteshim Agan Industries, Ltd., an Israeli company whose principal place of business is Golan
Street, Airport City, Israel (hereinafter: the “Company”), and Ignacio Dominguez (hereinafter: the “Employee”). 
  

			
	WHEREAS	  	The Employee was previously employed by Makhteshim Agan Holding, B.V. (“MAH”); and
		
	WHEREAS	  	the Company wishes to employ the Employee, and the Employee agrees to be employed by the Company, in accordance with the terms and conditions set forth herein; and
		
	WHEREAS	  	the Employee declares that there are no legal or other obstacles, preventing him from entering into this Agreement and that he has the skills, expertise, and experience required to fulfill his duties pursuant to the terms of this
Agreement; and
		
	WHEREAS	  	the parties wish to set forth the terms and conditions of the Employee’s employment in this Agreement

 NOW, THEREFORE, the parties agree as follows: 

 

	1.	General 

  

	 	1.1.	The preamble to this Agreement and any appendix or schedule hereto constitute integral parts of this Agreement. 

  

	 	1.2.	The Employee warrants and acknowledges that this Agreement will bind the Parties as of the Commencement Date (as defined hereunder) and further that the terms of this Agreement shall have no retroactive effect and shall
not be applicable to any period of employment with any affiliate of the Company prior to the Commencement Date. 

  

	 	1.3.	The Employee further warrants and acknowledges that he has received in full all of his rights in accordance with his employment by MAH. (including but not limited to all compensation and social benefits granted to him
pursuant to the Agreement between Employee and MAH., dated October 1, 2008 and applicable law). The Employee further acknowledges that his seniority with the Company in connection with this Agreement begins on the Commencement Date, and that
his period of employment with MAH. shall not be considered, for purposes of determining the Employee’s rights in accordance with this Agreement and applicable law. The Employee hereby waives all claims, rights and allegations against the
Company, MAH. or any affiliate thereof in connection with the terms of employment (or any consulting agreement) for the period before the Commencement Date and undertakes to indemnify the Company and its affiliates against any and all damages,
expenses, or losses (including attorney’s fees), whether direct or indirect, arising out of or in connection with any such claim by the Employee. 

  

	2.	Term 

 The Employee’s employment with the Company, under this agreement, will
commence on January 1, 2013 (hereinafter: the “Commencement Date”) and shall continue until terminated in accordance with the provisions of Section 7 hereof (hereinafter: the “Term”). 

 

	3.	Position and Work Hours 

  

	 	3.1.	The Company hereby employs the Employee as Chief Commercial Officer (“CCO”). The direct supervisor of the Employee shall be the CEO of the Company. The Employee shall work on a full-time basis, for a
minimum of five-days a week, and for additional time, as required by the Company. 

  

	 	3.2.	During the Employee’s employment with the Company, the Employee shall have the authority, functions, duties and responsibilities, as may be amended from time to time by the Company’s CEO or any other person
designated from time to time by the CEO, and shall report thereto. 

  
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	 	3.3.	It is hereby acknowledged and agreed that the Employee’s position in the Company shall be deemed a senior position and/or one which shall require a special degree of trust, and/or is a position which does not
enable the Company to supervise the work and rest hours of the Employee, and therefore the provisions of The Work and Rest Hours Law, 1951 (hereinafter: the “Work and Rest Hours Law”), shall not apply to the Employee’s
employment with the Company. 

  

	 	3.4.	The Employee acknowledges and agrees that the Salary (as set forth hereunder) and benefits provided for in this Agreement, constitute a proper and just reward for the requirements of his position, status and demanding
work hours. Accordingly, the Employee shall not be entitled to any additional bonus or other payment for extra hours of work, other than as provided hereunder. 

  

	4.	Employee’s Undertakings 

 The Employee affirms and undertakes: 

 

	 	4.1.	To devote his entire working time, know-how, energy, expertise, talent, experience and best efforts to the business and affairs of the Company and to the performance of his duties with the Company. 

 

	 	4.2.	To perform and discharge faithfully, with devotion, and honesty, his obligations and duties hereunder. 

  

	 	4.3.	To comply with all the Company’s regulations, rules, policies, and procedures, as may be determined by the Company from time to time. 

 

	 	4.4.	To travel abroad from time to time if and as may be required pursuant to his position. 

  

	 	4.5.	Not to, without the prior written consent of the Company: (i) assume directly or indirectly any employment or consultancy obligation unrelated to the Company or any affiliate thereof or (ii) receive, at any
time, whether during the Term and/or at any time thereafter, directly or indirectly, any payment, benefit and/or other consideration, from any third party in connection with his employment with the Company. 

 

	 	4.6.	To inform the Company of any affairs and/or matters that might be in conflict of interest with the Employee’s employment with the Company or his duties hereunder. 

 

	 	4.7.	To maintain the terms of this Agreement in strict confidence and refrain from disclosing to any third party, any terms of this Agreement. 

 

	 	4.8.	After the Employer-Employee relationship is severed for any reason whatsoever, to immediately return to the Company all material related to the Company, written or otherwise, which is in the Employee’s possession
or control. 

  

	5.	Compensation 

  

	 	5.1.	Salary 

  

	 	5.1.1.	In consideration for the Employee’s fulfillment of his obligations under this Agreement, the Company shall pay the Employee a gross annual salary of 576,700 (Five Hundred Seventy Six Thousand Seven Hundred) Swiss
Francs paid in New Israeli Shekel as set forth herein (hereinafter: the “Salary”). The Salary shall be paid in twelve equal installments, on the customary date on which the Company makes such payments, but not later than the date
required by law. The new Israeli Shekel value of the Salary shall be determined based on the last Swiss franc/New Israeli Shekel exchange rate published by the Bank of Israel prior to the signing date, The Salary will be linked to the Israeli
Consumer Price Index. The term “Salary” shall include any raises, if granted. 

  

	 	5.1.2.	 The Employee shall, at his discretion, be entitled to request that a portion of his Salary be paid to a pension fund or other fund, or be used for
travel expenses, for residential expenses, or other purposes. In such case, the Employee will notify the Company in writing of the amount which it wishes the Company to pay and the identity of any third-party payee. The Company will pay such third
party by deducting the requested amount from the Salary. In the event that the requested amount of any such deduction exceeds the Salary to which the Employee is entitled 

  
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after any deductions in accordance with law or this Agreement, the Company shall not be required to make any payments pursuant hereto. For the avoidance of doubt, this provision shall not impose
on the Company any obligation toward any third party paid in accordance herewith, and the Employee agrees to indemnify the Company in full against any claim by such third party. 

 

	 	5.1.3.	Beginning one year after the Commencement Date, the Employee shall be entitled to a raise in his Salary, such that his gross annual Salary after such raise will be 614,460 (Six Hundred Fourteen Thousand Four Hundred
Sixty) Swiss Francs. For the avoidance of doubt, the new Israeli Shekel value of the aforementioned raise shall also be determined based on the last Swiss franc/new Israeli Shekel exchange rate published by the Bank of Israeli prior to the signing
date. 

  

	 	5.2.	Bonuses 

  

	 	5.2.1.	In order to provide an incentive for the Employee in the performance of his duties, the Company may, based on its sole discretion (taking into account, inter alia, any senior employee incentive plan, if adopted,
factors such as the performance of the Company and the Employee, and any company policy as it may be amended from time to time), subject to the approval of the Company’s appropriate governing bodies in accordance with law, pay the Employee an
addition to the Salary as listed above, an annual bonus (hereinafter: the “Bonus”). The Bonus will be paid not later than thirty (30) days after publication of the Company’s annual audited consolidated financial
statements. 

  

	 	5.2.2.	For the avoidance of doubt, it is hereby clarified that the Bonus is a special and contingent compensation, which will not be considered as part of the Employee’s Salary and the Employee will not be entitled to any
benefit or social rights for the Bonus. 

  

	 	5.3.	General 

  

	 	  	The Company shall deduct any income tax, social security health insurance, and other applicable compulsory payments, which it is required to withhold with respect to the Salary and/or Bonus and shall remit such amounts
to the proper authorities, unless explicitly stated otherwise in this Agreement. 

  

	6.	Other Benefits 

  

	 	6.1.	Pension 

  

	 	  	The Employee shall be entitled, at his discretion, to a pension fund or Manager’s Insurance Policy (“Pension Fund”), in accordance with Israeli law, and the Company shall contribute to the Pension
Fund (for severance compensation and retirement (Gemel component)) the percentage of the Employee’s Insured Salary, required to be contributed by the Company in accordance with applicable law. The “Insured Salary” pursuant to
this Section means the Average Salary in the Market, as defined in the “Expansion Order, for All Encompassing Pension Insurance in the Market.” In addition, the Employee shall contribute and for that purpose hereby irrevocably authorizes
and instructs the Company to deduct from his Salary at source any contribution required to be paid by him to such Pension Fund, in accordance with Israeli law. 

  

	 	6.2.	Annual Leave 

  

	 	6.1.1.	The Employee shall be entitled to annual leave of 26 working days per year, but in no event less than the amount of annual leave that the Employee is entitled to under the applicable law. (The right to vacation days
shall be calculated on the basis of a five-day work-week). Vacation shall be taken after the provision of reasonable prior notice and at a time and manner, which to the extent possible, will not interfere with the proper operation of the business.
Each such leave shall be coordinated with the direct supervisor in advance. 

  

	 	6.1.2.	The Employee may accumulate up to two years of annual leave, provided that the Employee took seven (7) consecutive days of vacation in each year. 

 

	 	6.1.3.	For the avoidance of doubt, in the event of termination of employment, for any reason, the Employee shall be entitled to redemption of annual leave solely in accordance with and subject to the provisions of the Annual
Leave Law of 1951. 

  
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	 	6.3.	Sick Leave 

 The Employee shall be entitled to sick leave in accordance with the
provisions of the Sickness Pay Law – 1976, but the Employee will be entitled to payment for sick leave beginning on the first day of his illness and, in any event, will be entitled to no less than ninety (90) sick days, during the entire
period of his employment. For the avoidance of doubt, in the event of termination of employment for any reason, the Employee shall not be entitled to any compensation for unused sick leave. In the event that the Employee is entitled to payment from
any insurance company or any other body for such disability, he will not be entitled to sick-leave payment from the Company. 
  

	 	6.4.	Recreation Pay 

 The Employee shall be entitled to annual recreation pay in accordance
with Israeli regulations in effect with respect to such pay. 
  

	 	6.5.	Travel 

  

	 	6.5.1.	The Employee shall be entitled to travel health insurance when he is abroad on business in line with the insurance provided by the Company to other senior employees and in accordance with the Company’s policy in
effect at the time. 

  

	 	6.5.2.	During periods when the Employee is traveling abroad, the Employee shall be reimbursed for all reasonable travel, lodging, food, and other expenses against receipt of the same, in accordance with the Company’s
policies. 

  

	 	6.6.	Vehicle 

  

	 	6.6.1.	The Company shall make a company car available to the Employee, in accordance with the Company’s practice with respect to other management team members, for use by the Employee in the performance of his duties.

  

	 	6.6.2.	The Company shall bear all expenses related to the possession and use of the car, including licensing and insurance. The Employee will be responsible for maintaining the vehicle, 

 

	 	6.6.3.	The Employee shall strictly adhere to the transportation laws, and the Employee alone is liable for any offenses including parking tickets and traffic offenses. The Company shall be entitled to deduct any fine imposed
with respect to use of the vehicle (when in the Employee’s possession) from the Employee’s salary and from any other rights or benefits to which he is entitled. By signing this Agreement, the Employee hereby agrees to the above deduction.

  

	 	6.6.4.	The parties confirm, for the avoidance of doubt, that the Company shall bear any tax liability applicable to the vehicle, to the extent that such may apply. However, it is explicitly clarified that the Company shall
have the right to determine otherwise, in accordance with its sole discretion, in connection with the tax liability, such that the Employee shall bear the foregoing in this subsection. The above shall not be considered to be a reduction of the
benefits that the Employee is entitled to, but rather an agreed-upon change. 

  

	 	6.6.5.	Upon the termination of this Agreement for any reason, the Employee shall return the vehicle to the Company, and the Employee shall not have any right or lien with respect thereto. 

 

	 	6.7.	Telephone Phone and Facsimile 

  

	 	6.7.1.	The Company shall provide Employee with a cell phone. The Company shall bear all fixed and ongoing expenses relating to the use of the cell phone. To the extent that it is possible: the Employee’s cell phone number
shall be the number being used by the Employee before the Commencement Date, and after the termination of the Agreement, the Employee shall retain such number. The Employee shall adhere to Company’s policies with respect to use of the cell
phone. The Company shall bear tax liability in connection with the above. 

  

	 	6.7.2.	The Employee shall be entitled to reimbursement for one telephone line, and one internet connection line in his residence, in accordance with appropriate documentation regarding the same. The Company shall bear
liability for taxes in connection with the reimbursement of such expenses. 

  
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	 	6.2.	Health Insurance 

 The Employee shall be entitled to private health insurance coverage
for himself and for members of his immediate family, who reside with him in Israel, in accordance with Company policy, as such may be amended from time to time. 
  

	 	6.3.	Option Plan 

 The Employee shall be eligible to participate in an employee option plan
for the Company’s senior employees (in the event that such a plan is adopted and approved by the Company’s governing bodies) in the manner prescribed by the Company’s governing bodies. In the event that the Company’s governing
bodies decide to issue options to an employee, the Company’s management, at its sole discretion, will recommend to the Board of Directors that options be granted to the Employee in accordance with his position in the Company. 

 

	 	6.4.	Insurance and Indemnification 

 The Company will, for the Term, provide the Employee
with Director’s and Officer’s Insurance, subject to the Company’s Articles of Association, policies, and any applicable law, in accordance with the Company’s practice with respect to its officers. 

 

	 	6.5.	Moving Expenses 

 Subject to the Company’s policies, the Company shall bear all
reasonable relocation expenses of Employee and his immediate family to and from Israel In the event the Company relocates the Employee outside of Israel to a different position within the Company group or terminates the Employee (other than
Termination for Cause), such expenses shall include any payments under the lease agreement for the personal housing that the Employee shall have to bear resulting directly from early termination of his lease agreement. 

 

	7.	Term and Termination 

  

	 	7.1.	The Company and/or the Employee may terminate this Agreement by providing prior written notice to the other party (“Termination Notice”). The amount of required notice shall be six (6) months plus
three months for each five-year period with the Company (“Notice Period”). The Notice period will not apply in the event of Termination for Cause, in which case the termination will be according to law. 

 

	 	7.2.	In the event that a Termination Notice is delivered by either party hereto, the following shall apply: 

  

	 	7.2.1.	During the Notice Period, the Employee shall be obligated to continue to discharge and perform all of his duties and obligations to the Company and to take all steps, to the Company’s satisfaction, to ensure the
orderly transition to any persons designated by the Company of all matters handled by the Employee during the course of his employment with the Company. 

  

	 	7.2.2.	The Company reserves the right to determine, at its discretion, whether to waive the Employee’s presence at work and his performance of work during the Notice Period, in whole or in part, without this impairing the
Employee’s right to receive the Salary and benefits for the Notice Period, according to this Agreement. For the avoidance of doubt, during the Notice Period, the Employee will be considered an employee of the Company until the end of the Notice
Period (including for purposes of any option vesting period). 

  

	 	7.2.3.	For the avoidance of doubt, it is clarified that, in the event the Company waives any and/or all of the Employee’s services with the Company during the Notice Period as aforesaid, the Employee shall, immediately,
upon receipt of notice of such waiver, return to the Company any and all company materials and equipment provided to him for purposes of the performance of his duties under this Agreement. 

  
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	 	7.3.	The provisions of Sections 7.1 and 7.2 above notwithstanding, the Company, by furnishing a notice to the Employee, shall be entitled to terminate his employment with the Company with immediate effect where said
termination is due to circumstances that do not entitle the Employee to severance payments under the Severance Compensation Law, 1963 and/or under any judicial decision of a competent tribunal (“Termination for Cause”). In
the event of such termination, without derogating from the rights of the Company under this Agreement and/or any applicable law, the Employee shall not be entitled to severance pay and/or to any of the consideration specified in Sections 7.1 and 7.2
above. 

  

	 	7.4.	Upon termination of the Employee’s employment with the Company, and as a condition to the fulfillment of the Company’s obligations, if any, toward the Employee at such time, the Employee affirms and undertakes
to transfer his position to his replacement, as shall be determined by the Company, in an efficient, complete, appropriate and orderly manner. 

  

	 	7.5.	In the event of termination of employment by the Company (other than in the case of Termination for Cause), then the Employee shall be entitled to severance compensation as follows: the greater of (i) Three Hundred
Thousand Euro; or (ii) the amount of severance compensation payable to the Employee in accordance with applicable law. For the avoidance of doubt, in the event that the Employee’s severance compensation in accordance with applicable law
does not exceed Three Hundred Thousand Euro, the Company shall pay the severance compensation according to applicable law and any remaining balance, such that the Employee will receive severance compensation in the amount of Three Hundred Thousand
Euros. For purposes of this Section 7.5 only, in the event that: the Company is replacing the current CEO and the candidacy of the Employee for such position is not considered by the relevant bodies of the Company managing the hiring process or
his candidacy is considered but he is not appointed to the position, and the Employee resigns as a result thereof, the Employee shall be deemed to have been terminated by the Company. 

 

	 	7.6.	In the event that the Employee resigns (other than for the reason stated in Section 7.5 above), then the Employee shall only be entitled to the amount of severance compensation, which would have been payable to the
Employee in accordance with applicable law, had the Employee been terminated by the Company. 

  

	 	7.7.	For the avoidance of doubt, any amounts accrued on the Employee’s behalf in any Pension Fund, if any, and transferred to the Employee upon termination shall be considered as part of the Employee’s severance
compensation payment. 

  

	8.	Confidentiality, Non-Competition, Non-Solicitation, and Intellectual Property. 

  

	 	8.1.	Confidentiality 

  

	 	8.1.1.	The Employee acknowledges and agrees that he will have access to confidential and proprietary information concerning the business and financial activities of the Company and information and technology from the
Company’s product research and development, including without limitation, the Company’s banking, investments, investors, properties, employees, marketing plans, customers, suppliers, trade secrets, and test results, processes, data,
know-how, improvements, inventions, techniques and products (actual or planned). Such information, whether documentary, written, oral or computer generated, shall be deemed to be referred to as “Proprietary Information”.

  
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	 	8.1.2.	Proprietary Information shall be deemed to include any and all proprietary information disclosed by or on behalf of the Company and irrespective of form but excluding information that (i) was known to the Employee
prior to his association with the Company and can be so proven; (ii) shall have become a part of the public knowledge except as a result of breach of this Agreement by the Employee; (iii) reflects general skills and experience gained
during the Employee’s engagement by the Company; or (iv) reflects information and data generally known the industries or trades in which the Company competes. 

 

	 	8.1.3.	The Employee agrees and declares that all Proprietary Information, patents, trademarks, copyrights and other rights in connection therewith shall be the sole property of the Company and its assigns. At all times, both
during his engagement by the Company and after his termination, the Employee will keep in confidence and trust all Proprietary Information, and the Employee will not use or disclose any Proprietary Information or anything relating to it without the
written consent of the Company except as may be necessary in the ordinary course of performing the Employee’s duties hereunder. 

  

	 	8.2.	Non-Compete and Non-Solicitation 

 The Employee hereby covenants that throughout the
Term and for a period of twelve 12 (12) months following the effective date of termination of the Employee’s employment (for any reason): 
  

	 	8.2.1.	The Employee will not, directly or indirectly, be employed by or provide any services to (whether as an employee, independent contractor, shareholder, or partner) a Competing Company. For purposes herein,
“Competing Company” means a company, in Israel or abroad, which engages in the field of agrochemicals, seeds, plant-breeding, and plant genetics. 

 

	 	8.2.2.	The Employee will not offer, solicit, interfere with and/or endeavor to entice away from the Company and/or any of its affiliates, any person, firm or company with whom the Company and/or any of its affiliates have any
contractual and/or commercial relationship of whatsoever nature, existing or under negotiation on or before the effective date of termination of the Employee’s employment with the Company. 

 

	 	8.2.3.	The Employee acknowledges that the Company, when determining the Employee’s high Salary, took into account the obligations set forth in this Section 8.2. 

 

	 	8.3.	Intellectual Property 

 The Employee acknowledges that any invention, improvement, or
developments, resulting from the Employee’s employment with the Company and/or developed during the Term shall be the properly of the Company, and the Employee waives all rights and claims in connection therewith. In the event that the Company
wishes to protect any such inventions, the Employee will cooperate with the Company, as requested. 
  

	 	8.4.	Survival, Injunctive Relief, and Other Provisions 

  

	 	8.4.1.	The provisions of this Section 8 shall survive termination of this Agreement and shall be and remain in full force and effect at all times thereafter. 

 

	 	8.4.2.	The Employee agrees that if he breaches any provision in this Section 8, the Company will be entitled, in addition to all other remedies it may have, to an injunction or other appropriate orders to restrain any
such breach by the Employee without showing or proving any actual damage sustained by the Company and an award of all costs and attorney’s fees incurred in seeking enforcement. 

 

	 	8.4.3.	 The Employee specifically acknowledges, stipulates and agrees that the protective covenants are reasonable under the circumstances and necessary to
protect the goodwill, property and Proprietary Information of the Company, and the operations and business of the Company and do not impose a greater restraint than is necessary to protect the goodwill or other business interests of the Company,

  
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Nevertheless, if any of the restrictions set forth herein are found by a court having jurisdiction to be unreasonable or overly-broad as to geographic area, scope or time or to be otherwise
unenforceable, the parties hereto intend for the restrictions set forth herein to be reformed, modified and redefined by such court so as to be reasonable and enforceable and, as so modified by such court, to be fully enforced. 

 

	9.	General Provisions 

  

	 	9.1.	The Company may assign or transfer this Agreement or any right, claim or obligation provided herein, provided however that none of the Employee’s rights under this Agreement are thereby diminished.

  

	 	9.2.	The Company’s failure or delay in enforcing any of the provisions of this Agreement shall not, in any way, be construed as a waiver of any such provisions, or prevent the Company thereafter from enforcing each and
every other provision of this Agreement which were previously not enforced. 

  

	 	9.3.	Notices given hereunder shall be in writing and shall be deemed to have been duly given on the date of personal delivery, on the date of postmark if mailed by certified or registered mail, or on the date sent by
facsimile upon transmission and electronic confirmation of receipt or (if transmitted and received on a non-business day) on the first business day following transmission and electronic confirmation of receipt, or via e-mail if includes an
electronic confirmation of receipt, addressed as set forth above or such other address as either party may designate to the other in accordance with the aforesaid procedure. 

 

	 	9.4.	This Agreement shall be interpreted and construed in accordance with the laws of the State of Israel. The parties submit to the exclusive jurisdiction of the competent courts of the State of Israel in any dispute
related to this Agreement. 

  

	 	9.5.	This Agreement constitutes the entire agreement of the parties hereto with respect to the subject matters hereof, and supersedes all prior agreements and understandings between the parties with respect thereto.

  

	 	9.6.	The parties hereto confirm that this is a personal services contract and that the relationship between the parties hereto shall not be subject to any general or special collective employment agreement or any custom or
practice of the Company in respect of any of its other employees or contractors. 

  

	 	9.7.	This Agreement shall not be amended, modified or varied by any oral agreement or representation other than by a written instrument executed by both parties or their duly authorized representatives. 

 

	 	9.8.	This Agreement includes the terms to be contained in, and constitutes, the written notice to be delivered to the Employee pursuant to the Notice to Employee Law (Terms of Employment), 2002. 

  
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 IN WITNESS WHEREOF, the parties hereto have hereby duly executed this Agreement on the day and year first
set forth above. 
  

											
	(Signature)	 	/s/ Erez Vigodman            /s/ Michal Arlosoroff	 		 	(Signature)	 	/s/ Ignacio Dominguez
		 		 	  
	 		 		 	  

			
	Makhteshim Agan Industries, Ltd.	 		 	Ignacio Dominguez
					
	By:	 	 Erez Vigodman and Michal Arlosoroff
	 		 		 	
					
	Title:	 	CEO and GLC	 		 		 	

  
 9EX-10.9

 Exhibit 10.9 

Employment Agreement 

Made on May 1, 2010 

By and between 

Makhteshim Agan Americas, Inc. (the “Employer) 

And 
 Shaul Friedland
(the “Employee”) 
 WITNESSETH: 
  

			
	WHEREAS	  	The Employer wishes to employ the Employee to serve as Chief Executive Officer at the Company’s Miami headquarters and
		
	WHEREAS	  	the Employee represents that he is experienced and fully capable of performing the duties assigned or to be assigned to him by the Employer; and
		
	WHEREAS	  	the Employee will relocate from Tel Aviv, Israel for the sole purpose of accepting employment pursuant hereto and the Employer is willing to make certain provisions to facilitate such relocation; and
		
	WHEREAS	  	the Employer and the Employee wish to set forth in this Agreement the terms and conditions pursuant to which the Employee will be employed by the Employer;

 NOW, THEREFORE, in consideration of the premises and of the mutual covenants herein contained, the parties agree as
follows: 
  

	1.	DEFINITIONS. 

 As used in this Agreement the following terms when capitalized
shall have the following meaning: 
 Position – the titles and duties assigned to the Employee under this Employment Agreement,
as set forth herein and as otherwise determined between the Employer and the Employee; 
 Effective Date – the date upon which
the Employee assumes the duties and responsibilities of the Position on a full-time basis and which shall be May 1, 2010. 
 Place of
Employment – the main location in which the Employee shall perform the principal aspects of the Position, which shall be the office address of the Employer; 

 Makhteshim Group – Makhteshim Agan Industries, Ltd. and its affiliated companies.

 Policies – the Employer’s employment policies as may be changed from time to time. 

 

	2.	EMPLOYMENT 

  

	 	2.1.	The Employer hereby hires the Employee to serve as its Chief Executive Officer commencing on the Effective Date and the Employee hereby accepts and agrees to such hiring, engagement and employment. 

 

	 	2.2.	The Employee shall be required to perform his duties in the Place of Employment. Notwithstanding the above, the Employee acknowledges and agrees that as part of his employment with the Employer he will be required by
the Employer to travel extensively to other locations on business, at the Employer’s expense. 

  

	 	2.3.	The parties agree that the Employee’s employment hereunder shall be subject to the general supervision, orders, advice and direction of the board of directors of the Employer. The Employee’s duties shall
include all those duties as may be reasonably required by the Employer from time to time. 

  

	 	2.4.	Unless otherwise agreed upon, if the Employee shall serve as director or manager of the Employer or of one or more of its affiliates, he shall do so without additional compensation. 

 

	3.	REPRESENTATION OF THE EMPLOYEE 

  

	 	3.1.	The Employer’s consent to employ the Employee is based upon the following representations, which the Employee hereby makes, understanding fully the Employer’s reliance thereupon: 

 

	 	3.1.1.	that he has the expertise, experience and capability to perform the duties assigned to him hereunder; 

  

	 	3.1.2.	that he is able to perform the duties assigned to him hereunder with or without a reasonable accommodation; 

  

	 	3.1.3.	that he is familiar with the working and living conditions in the location where his work is to be performed, including the climate, standard of living and school system, and is entering into this Agreement with full
knowledge of the same. 

  

	 	3.1.4.	that he is not prevented by any previous contract, commitment or previous obligation to enter into this employment agreement and to perform the duties assigned to him hereunder. 

 

	4.	BEST EFFORTS OF THE EMPLOYEE 

  

	 	4.1.	The Employee shall use his best efforts in performing his duties hereunder, and in furthering the interests of the Employer and its business. As a result thereof, the legal provisions concerning limitation of working
time or payment for overtime shall not apply. 

  

	 	4.2.	The Employee shall render his services in a faithful, responsible and competent manner, all in accordance with the terms and conditions of this Agreement and the Policies. 

 

	 	4.3.	The Employee shall avoid any other activities that could pose a conflict with his employment hereunder. Should such a conflict arise despite the Employee’s efforts, he shall notify the Employer in writing
immediately upon learning of such conflict. 

  
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	5.	TERM OF EMPLOYMENT 

 The Employee’s employment under this Agreement shall
commence on the Effective Date for an undetermined period of time and can be terminated in accordance with Section 16 below. 
  

	6.	COMPENSATION 

  

	 	6.1.	For all services rendered by the Employee hereunder (including, without limitation, overtime work, work during weekends and holidays and special assignments), the Employer shall pay the Employee a gross annual base
salary amounting to four hundred fifty thousand and 00/100 dollars ($450,000.00) (the “Base Salary”) which has been determined based on the expatriate status of the Employee. Employer shall also pay Employee an additional sum of eighty
thousand and 00/100 dollars ($80,000.00) to help defray Employee expenses. The total amount paid to Employee shall be five hundred thirty thousand and 00/100 dollars ($530,000.00). 

 

	 	6.2.	The salary shall be paid in bi-weekly installments unless Employer policy requires a different payment schedule, but in no case, less frequently than 12 monthly installments. 

 

	 	6.3.	Merit increases and bonuses paid by Employer, if any, shall be paid based on Employee’s Base Salary. 

  

	 	6.4.	The parties will co-operate and use their best efforts for obtaining an expatriate tax status for the Employee. The Human Resources Department of the Employer will be responsible to co-ordinate the application. The fees
for preparing the application for the expatriate status will be borne by the Employer. 

  

	 	6.5.	In addition to Base Salary and supplemental salary referenced in Section 6.1, the Employer agrees that Employee is eligible for a bonus equal to six (6) months of Employee’s Base Salary. Payment of the
bonus is subject Employee meeting his Key Performance Indicators (“KPI’s”) and is subject to annual approval of the Board of Directors of Makhteshim Agan Industries, Ltd. (“Board Approval”). Board Approval shall not be
unreasonably withheld. The KPI’s shall be determined every year and include several parameters measuring the sales, gross profit, operational profit, cash flow, development, personal review and other factors of the region. 

 

	 	6.6.	All payments to Employee under this section shall be made less deductions for income tax withholding, FICA, and other deductions from wages required by law or regulation. Prior bonuses paid shall not be deemed to be an
automatic entitlement for future bonuses as they are subject to achieving the KPI’s as determined from time to time. 

  

	7.	BENEFITS. 

 During the Employment Term, Employer will allow Employee to
participate in the employee benefit programs generally in effect for Employer’s employees, subject to and in accordance with the terms and conditions for such programs as they may be instituted, modified, or terminated from time to time by
Employer. This includes, but is not limited to the Employer’s 401k plan. 
  

	8.	SECTION 409A COMPLIANCE 

  

	 	8.1.	 It is intended that this Agreement comply with IRS Code section 409A, with Treasury Regulations promulgated thereunder, and with other generally
applicable 

  
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guidance issued thereunder (collectively, “Section 409A”), to the extent that Section 409A is applicable. This Agreement shall be interpreted in a manner that complies with
Section 409A to the fullest extent possible. If the Employer shall determine in that any provision of this Agreement does not comply with the requirements of Section 409A, Employer shall have the authority, but not the obligation, to
unilaterally amend the Agreement to the extent necessary (including retroactively) in order to comply with Section 409A. Employer shall also have the discretionary authority to take such other actions to correct any failures to comply in
operation with the requirements of Section 409A. Such authority shall include the power to adjust the timing or other details relating to the awards and/or payments described in this Agreement if Employer determines that such adjustments are
necessary in order to comply with or become exempt from the requirements of Section 409A. Notwithstanding the foregoing, to the extent that this Agreement or any payment or benefit under this Agreement or the plans referenced herein shall be
deemed not to comply with Section 409A, then neither Employer, the Board nor its or their designees or agents shall be liable to Employee in any way. 

  

	9.	EXPENSES RELATED TO BUSINESS TRAVEL REPRESENTATION ALLOWANCE 

 During periods when
the Employee is required to travel in performing his duties hereunder, he shall be reimbursed in full for all reasonable travel, lodging, food and other expenses, against receipts for the same in accordance with the Policies. 

 

	10.	RELOCATION 

 Employer agrees to reimburse or pay on behalf of the Employee certain
expenses incurred as a result of Employee’s residence relocation from Israel to Miami, Florida, and Employee’s return to Israel. Reimbursement shall be made pursuant to group policy. 

 

	11.	VACATION 

  

	 	11.1.	The Employee shall be entitled to twenty-three (23) business days of paid vacation for each full year of employment hereunder and a proportional number of days for a part of a year. Vacation shall be taken on a
reasonable prior notice and at a time and manner, which, to the extent possible, will not interfere with the proper operation of the business. Employee may carry over up to two consecutive years of earned, but unused vacation. Any remaining earned,
but unused vacation that is not used by March 31 of the following year may not be carried over and Employee shall forfeit said vacation. 

  

	 	11.2.	In addition to the above-mentioned vacation, the employee shall be entitled to be absent from work on all company holidays recognized by Makhteshim Agan of North America, Inc. and five (5) personal days.

  

	12.	CONFIDENTIALITY – DATA PROTECTION 

  

	 	12.1.	The Employee shall not (except as authorized or required by the Employer or as reasonably required for the proper performance of his obligations hereunder) in any manner, directly or indirectly, reveal, divulge,
disclose or otherwise communicate or make available to any person, firm, corporation or entity any information concerning any matters affecting or relating to the employer, its affiliates and/or any business counterparts of the employer, their
business, manner of operation, plans or policies, the prices they charge or any other information, except such information that is already in the public domain due to no fault of the Employee. 

  
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	 	12.2.	The Employee undertakes to maintain the confidentiality of the terms of this Agreement, and not to divulge any aspect thereof to any person. 

 

	 	12.3.	The Employee acknowledges and agrees that the Employer will be recording and processing personal data concerning the employee for the purpose of personnel management and salaries management, bookkeeping, taxes and
social security. The Employee has a right of access and of rectification as well as the right to object to the processing in the cases provided by the applicable regulations. The processing of such data is necessary for the performance of this
Employment Agreement or is required by law. The personal data may be transferred abroad, to other entities of the Makhteshim Group for the same purposes as above on the basis of the Standard Contractual Clauses approved by the European Commission.

  

	 	12.4.	The provisions of the Article shall remain in full force and effect after the expiration of this Agreement. 

  

	13.	NONCOMPETITION 

  

	 	13.1.	Agreement Not To Compete. Employee covenants and agrees that, during the Restricted Period (as defined below), Employee shall not: (a) engage in any Competitive Activity (as defined below) within the
Prohibited Territory (as defined below); and/or (b) a an employee, agent, partner, shareholder, member, investor, director, consultant, or otherwise assist others to engage in Competitive Activity within the Prohibited Territory.

  

	 	13.2.	The “Restricted Period” means the 12 month period following the last day of the Employment Term, regardless of the reason the Employment Term ends. 

 

	 	13.3.	“Competitive Activity” means: (i) engaging in any aspect of the Business (as defined below) that Employee was involved with on behalf the Company at any time during the last 12 months of the
Employment Term; (ii) engaging in work for a competitor of the Company that is substantially similar to the work Employee performed on behalf of the Company at any time during the last 12 months of the Employment Term; and/or (ii) engaging
in any work for a competitor of the Company that is likely to result in Employee’s use or disclosure of any Confidential Information (as defined below). Notwithstanding the preceding, owning the stock or options to acquire stock totaling less
than 5% of the outstanding shares in a public company shall not constitute by itself Competitive Activity. 

  

	 	13.4.	The “Business” means the business of production, distribution and sales of agrochemical and other crop protection related products. 

 

	 	13.5.	“Prohibited Territory” means: (i) the geographic territory and areas in which Employee assisted the Company to engage in its business at any time during the last 12 months of the Employment Term;
(ii) and/or North America; and/or the United States. Employee acknowledges and agrees that Employee will assist the Company to engage in its business in the territory described in the preceding sentence and therefore such territory is necessary
and reasonable for the covenants in this Section. 

  

	14.	TERMINATION 

  

	 	14.1.	Either party may terminate this Agreement by providing three (3) months advanced written notice to the other party. Employee shall continue to work for Employer until the end of his notice period.

  

	 	14.2.	Upon termination of this Agreement, Employee shall receive additional special compensation in the amount of one hundred fifty thousand and 001/100 dollars (USD)($150,000.00) at the time notice is given by Employer. This
payment shall be in addition to any other payments made to Employee under this Section 14 of the Agreement and shall be paid even if termination is pursuant to subsection 14.3. 

  
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	 	14.3.	Notwithstanding all provisions in this section except 14.2, the Employer may terminate this Agreement, with such termination having immediate effect and without Employer having any payment obligation under this
Agreement past the date of termination, including payment of and reimbursement of costs in the event of: (a) a material breach of this agreement by the employee; (b) an act of fraud or dishonesty that has a material detrimental impact on
the Employer by the Employee towards the Employer or its affiliates or relating to the Position; (c) an act of Employee demonstrating disloyalty to the Employer or its affairs or d) repeated dereliction in the performance of the Employee’s
duties. 

  

	 	14.4.	Upon termination or expiration of this agreement, the Employee shall return to the Employer any and all documents and other property belonging to the Employer then in the Employee’s possession. If the Employer
shall so request, the Employee shall guide his successor, and shall make every effort to assure the smooth transfer of his duties to his successor in accordance with the employer’s policy and directions. 

 

	 	14.5.	If Employer terminates Employee’s employment within the first 24 months of the term of this Agreement, Employer shall give Employee twelve (12) months prior written notice (the “Notice Period”).
During the Notice Period, Employee shall work for Employer on a full-time basis unless otherwise directed by Employer. If Employee continues to work in the United States during the Notice Period, Employee shall be paid under the terms of this
Agreement until the end of the Notice Period. During the Notice Period, Employer may assign Employee to a position with an affiliated Makhteshim Company outside the United States for which Employee shall work on a full time basis for the remainder
of the Notice Period. If this occurs, Employee shall be paid at a salary that is common for a manager in his position at the Place of Employment until the end of the Notice Period. 

 

	 	14.6.	Employee’s obligations under sections 12 and 13 shall survive the termination of this Agreement and Employee’s obligation of confidentiality shall remain in effect for the maximum period of time permitted
under law. 

  

	15.	SEVERABILITY – CHANGE OR MODIFICATION 

 All the agreements and covenants
contained herein are severable, and in the event any of them shall be held to be invalid by any competent court or tribunal, this Agreement shall be interpreted as if such invalid agreements or covenants were not contained herein. 

No waiver, change or modification of this agreement or of any covenant, condition or limitation herein contained shall be valid unless made in
writing and duly executed by both parties. 
  

	16.	ASSIGNMENT 

 This Agreement is personal to the Employee. The Employee may not
assign or transfer this Agreement or any rights or obligations hereunder to any third party. The Employer may assign this Agreement to any successor in interest, sister corporation, parent corporation or subsidiary without the consent or
authorization of the Employee. 
  

	17.	JURISDICTION AND APPLICABLE LAW 

 This Agreement shall be governed by and
interpreted in accordance with the laws of the state of Florida. The courts of Dade County, Florida and the United States District Court for the Southern District of Florida shall have exclusive jurisdiction. 

 

	18.	CONSTRUCTION 

  

	 	18.1.	The Agreement shall not be construed to confer any benefit upon or vest any contractual rights in any individual other than the employee, and no such other person (whether a member of the Employee’s family or
otherwise) shall be deemed to have any rights as against the Employer, whether to enforce the provisions of this Agreement or for any other legal purpose. 

  
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	 	18.2.	Any benefits, which are conferred upon the Employee hereunder, but as to which the amount, manner, style, type or other particulars are not specified, shall be subject to the Policies. In the case where the Policies
make specific provision as to any term of employment as to which only general reference is made herein, the Policies shall be deemed to control. The Policies shall be effective as amended or enacted from time to time. 

 

	 	18.3.	The headings of this Agreement have been inserted for purposes of convenience only and are not to be considered in the construction of any provision hereof. 

 

	19.	WAIVER 

 No waiver of any rights by any party hereto shall be construed as a
waiver of the same or any other right at any prior or subsequent time. Further, no waiver or delay on the part of a party in exercising any power or right hereunder and no forbearance or indulgence of a party granted to the other shall in any way
restrict or diminish the full rights and powers or that party under this Agreement, or operate as a waiver of any breach of any of the terms and conditions of this agreement. 
  

	20.	NOTICES 

 Any notice to be provided pursuant to this Agreement shall be made by
registered mail or personal delivery. If mailed, such notices shall be sent to the current addresses of the Parties hereto, or, if the current address in unknown, to the last known address of the Parties. The notice shall be effective seven
(7) business days after posting, twenty-four (24) hours after transmittal by facsimile or other electronic device, or immediately upon personal delivery, as the case may be. 

IN WITNESS WHEREOF, the Parties hereto have signed this Agreement on the date first above written. 

 

									
	EMPLOYEE	 		 	MAKHTESHIM AGAN AMERICAS, INC.
					
	By:	 	/s/ Shaul Friedland	 		 	By:	 	/s/ Ehud Brant
		 	  
	 		 		 	  

		 	Shaul Friedland	 		 		 	Ehud Brant

  
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