Document:

exhibit10-1.htm

Amendment to Employment Agreement of Dr. Lior Yahalomi 

 

     Amendment to Employment Agreement (this “Amendment”), made as of December 15, 2010 by and between VISHAY INTERTECHNOLOGY, INC., a Delaware corporation (“Vishay”), and DR. LIOR E. YAHALOMI (“Executive”) (collectively the “Parties”).

 

     WHEREAS, Executive has been employed by Vishay pursuant to an Employment Agreement, made as of December 5, 2008, as amended on August 8, 2010, between the Parties (the “Employment Agreement”); 

 

     WHEREAS, Section 8.3 of the Employment Agreement provides that Vishay and Executive may amend the Employment Agreement by mutual agreement in writing; and

 

     WHEREAS, the Company and Executive desire to amend the Employment Agreement as set forth below. 

 

     NOW THEREFORE, in consideration of the premises and the mutual benefits to be derived herefrom and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1. Section 6.3 of the Employment Agreement is hereby amended to read as follows: 

 

     “6.3 Further Compensation upon Termination 

 

     (a) In the event Executive’s employment with Vishay is terminated by Vishay without Cause, Executive shall be entitled to the following: 

 

	          	(i)	     	The payments and benefits provided under Section 6.2.
	 	 
	 	(ii)	 	A lump sum payment, payable within 15 days after the Date of Termination, equal to 24 months of Executive’s base salary on the Date of Termination.
	 	 
	 	(iii)	 	Payment of the amount Executive would have received (if not for Executive’s termination of employment) as a bonus pursuant to Section 4.2 hereof for the calendar year of the Date of Termination, which amount shall be paid at such time as such bonus would have been paid to Executive if not for Executive’s termination of employment.

 

     (b) In the event Executive’s employment with Vishay terminates for any reason other than Cause after Executive attains age 62, Executive shall be entitled to the following: 

 

	          	(i)	     	The payments and benefits provided under Section 6.2 hereof and, if Executive’s employment is terminated by Vishay without Cause, the payments under Section 6.3(a)(ii) and (iii) hereof.
	 	 
	 	(ii)	 	At Executive’s (or his surviving spouse’s or child’s) election, either continued eligibility for medical benefits under a plan sponsored by Vishay for its senior executives or a reimbursement to Executive for privately obtained coverage, in either case for the life of Executive, his surviving spouse and his dependent children up to age 26. The annual cost to Vishay, whether as reimbursement (including out of pocket expenses related to hospitalization, prescriptions, dental, and vision) or premium costs, shall not exceed $15,000 (or, if less, the amount Vishay then pays for medical coverage for its senior executive), provided, however, that Executive, his surviving spouse and/or his dependent children up to age 26 shall be permitted to continue coverage and pay any cost in excess of such limit.
	 	 

 

     (c) In the event Executive’s employment with Vishay terminates for any reason other than Cause before Executive attains age 62, Executive shall be entitled to the following: 

 

	          	(i)	     	The payments and benefits provided under Section 6.2 hereof and, if Executive’s employment is terminated by Vishay without Cause, the payments under Section 6.3(a)(ii) and (iii) hereof.
	 	 
	 	(ii)	 	The same level of medical insurance coverage as Executive, his spouse and his dependent children up to age 26 were receiving at the time of cessation of employment, at Vishay’s expense (including premiums, out-of-pocket expenses and co-payments), until the earlier of (A) the third anniversary of the date of cessation of employment (after which Executive, his spouse and his dependent children up to age 26 will be eligible for COBRA continuation coverage) or (B) such time as Executive becomes eligible for coverage under the plan of another employer.

 

     2. The amendments made by paragraph 1 hereof shall be effective as of December 15, 2010.

 

     3. Except as set forth in this Amendment, all other terms and conditions of the Employment Agreement shall remain unchanged and in full force and effect. 

 

     4. This Amendment may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original and all of which shall constitute the same instrument. 

 

[Signatures on next page] 

 

- 2 - 

 

 

     IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be executed on its behalf as of the date first above written. 

 

	 	VISHAY INTERTECHNOLOGY, INC.
	 	 	 
	 	 	 
	 	By:   	/s/ Gerald Paul	 
	 	 	Name: Dr. Gerald Paul
	 	 	Title: Chief Executive Officer
	 	 	 
	 	 	 
	 	/s/ Lior E. Yahalomi	 
	 	Dr. Lior E. Yahalomi

- 3 -f10k2008ex4iii_cargoconn.htm

Exhibit 4.3

 

UNANIMOUS CONSENT IN LIEU OF A SPECIAL

MEETING OF DIRECTORS OF

CARGO CONNECTION LOGISTICS HOLDING, INC.

 

The undersigned, being all the directors (the "Board") of Cargo Connection Logistics Holding, Inc., a corporation of the State of Florida, ("Corporation"), does hereby authorize and approve the actions set forth in the following resolutions without the formality of convening a meeting, and does hereby consent to the following action of this Corporation, which actions are hereby deemed effective as of the date hereof;

 

WHEREAS, The Board deems it desirable and in the best interests of the Corporation to take the following actions;

 

NOW THEREFORE BE IT:

 

RESOLVED, that the Board hereby authorizes the issuance of options to purchase up to 1,000,000,000 shares of the Corporation's common stock, $0.001, par value, per share (the "Common Stock") to Scott Goodman in consideration for $100,000 of past due compensation from 2008, based upon the market price of $.0001 as of 12/31/09, and such options are exercisable for a period of three years from the date hereof;

 

RESOLVED FURTHER, that the officers of the Corporation (each an "Officer" and collectively, the "Officers") are, and each individually acting alone is hereby authorized and instructed, for and in the name of the Corporation, to execute and deliver all other agreements, schedules, exhibits and to take such other actions as may be necessary, appropriate or advisable to carry out the intent of the foregoing resolution; and be it

 

RESOLVED FURTHER, that all actions heretofore taken by the Officers, Directors, employees and agents of, and attorneys for, the Corporation in connection with the transactions contemplated by the foregoing resolutions be, and they hereby are, ratified, confirmed and approved in all respects.

 

The undersigned, by affixing their signatures hereto, does hereby consents to, authorizes and approves the foregoing actions in their capacity as the directors of CARGO CONNECTION LOGISTICS HOLDING, INC.

 

Dated: December 31, 2009

 

 

/s/ Scott Goodman       

Name: Scott Goodman

 

/s/ Jesse Dobrinsky   

Name: Jesse Dobrinskyf10k2008ex4iv_cargoconn.htm

Exhibit 4.4

 

PAGE 1

Delaware 

The First State

 

I, JEFFREY W. BULLOCK, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY "DENARI MEDIA PRODUCTIONS INC." IS DULY INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE AND IS IN GOOD STANDING AND HAS A LEGAL CORPORATE EXISTENCE SO FAR AS THE RECORDS OF THIS OFFICE SHOW, AS OF THE TWENTY—SEVENTH DAY OF AUGUST, A.D. 2010.

 

AND I DO HEREBY FURTHER CERTIFY THAT THE SAID "DENARI MEDIA PRODUCTIONS INC." WAS INCORPORATED ON THE SIXTH DAY OF JULY, A.D. 2010.

 

AND I DO HEREBY FURTHER CERTIFY THAT THE FRANCHISE TAXES HAVE NOT BEEN ASSESSED TO DATE.

 

 

 

 

	
4844819 8300  

 

100864099 

 

You may verify this certificate online 

at corp.delaware.gov/authver.shtml

		
/s/ Jeffrey W. Bullock      

Jeffrey W. Bulluck, Secretary of State

 

AUTHENTICATION:  8196790

 

DATE:                           08-27-10

 

 

1

 

 

APPLICATION FOR AUTHORITY

 

OF

 

DENARI  MEDIA PRODUCTIONS INC.

 

Under Section 1304 of the Business Corporation Law

 

 

	 FIRST: 	 	The name of the corporation is: DENARI MEDIA PRODUCTIONS INC.
	 	 	 
	 SECOND:	 	The jurisdiction in which the corporation was organized is: Delaware. The date of its incorporation is: July 6, 2010.
	 	 	 
	 THIRD:	 	This corporation is formed to engage in any lawful act or activity for which a corporation may be organized under the Business Corporation Law, provided that it is not formed to engage in any act or activity requiring the consent or approval of any state official, department, board, agency or other body without such consent or approval first being obtained.
	 	 	 
	 FOURTH: 	 	The County within this state in which the office of the corporation is to be located is: Nassau County.
	 	 	 
	 FIFTH:	 	The Secretary of State is designated as agent of the corporation upon whom process against it may be served. The address within or without this state to which the Secretary of State shall mail a copy of any process served against him or her is:
	 	 	
 

 Denari Media Productions Inc. 

 PO Box 248

 East Meadow, New York 11554

	 	 	 
	 SIXTH:	 	The foreign corporation has not since its incorporation engaged in any activity in this state.

 

 

                                             /s/ Scott Goodman        

Scott Goodman, President

 

  

2

  

APPLICATION FOR AUTHORITY

 

OF

 

DENARI MEDIA PRODUCTIONS INC.

 

Under Section 1304 of the Business Corporation Law

 

	
 

Filed by:

 

Anslow & Jaclin, LLP

195 Route 9 South, Suite 204

Manalapan, New Jersey 07726

Cust. Ref.# 326145

 

 

 

 

 

 

 

 

 

DRAWDOWN ACCOUNT #HD

 

 

3

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