Document:

Exhibit 10.16

 

AMENDMENT TO EMPLOYMENT AGREEMENT

 

THIS
AMENDMENT AGREEMENT is made as of the 17 day of June, 2004
effective as January 1, 2004

 

BETWEEN:

 

	
  (1)

  	
   

  	
  Ness
  Technologies, Inc.

  
	
   

  	
   

  	
  a Delaware Corporation

  
	
   

  	
   

  	
  of Kiryat Atidim,

  
	
   

  	
   

  	
  Israel (the “Company”)

  
	
   

  	
   

  	
   

  
	
  (2)

  	
   

  	
  Mr.
  Raviv Zoller

  
	
   

  	
   

  	
  of Ramat Efal, Israel

  
	
   

  	
   

  	
  (the “Executive”)

  
	
   

  	
   

  	
   

  
	
  (3)

  	
   

  	
  Ness
  Technologies Israel Ltd.

  
	
   

  	
   

  	
  of kiryat Atidim, Israel

  

 

                WHEREAS, the
Parties have previously entered into an Amended and Restated Employment
Agreement dated as of August 13, 2001 (the “ Employment Agreement”),
setting forth the terms and conditions of the employment relationship of the
Executive with the Company;

 

                WHEREAS, the
Parties desire to amend the provisions of the Employment Agreement in the
manner hereinafter appearing:

 

                NOW, THEREFORE,
in consideration of the premises, and intending to be legally bound, the
parties hereto hereby agree as follows:

 

1.                                        In
this Agreement, unless there is something in the subject or context
inconsistent therewith, capitalized terms appearing in this Agreement shall
have the meaning assigned to them in the Employment Agreement

 

2.                                        The
Employment Agreement shall hereby be amended as follows:

 

a.                 In
section 2 the Employment Period shall be extended until December 31,
2005 and may be extended further as provided in that Section.

 

b.                In
Section 4 (a) as of January 1, 2004 the Monthly Salary shall be
increased to the NIS equivalent of 20,833$US adjusted as provided in that
Section.

 

c.                 In
Section 4 (c) the following subsection will be added:”(iii) The
Executive shall be entitled to 250,000 additional options vested gradually over
3 years in accordance with an option agreement, substantially in the form
attached hereto as Exhibit C (“Third Executive Option Agreement”). It is
hereby clarified that such

 

 

 

additional options shall
be at all times subject to the Company’s Employee Share Option Plan and the
applicable provisions of the Israeli Tax Code and any rules and regulations
promulgated thereunder.”

 

d.                In
Section 4 (d) as of January 1, 2004 the Maximum Bonus shall be
increased to 250k$US and the Minimum Bonus shall be increased to 125kUS$.
Following the effective date of this Agreement, the Board of Directors or the
compensation committee thereof shall determine (i) the actual bonus or (ii) the
annual targets that shall be the basis for calculating the amount of the annual
bonus payable to the Executive.

 

e.                 In
Section 6 (d) the following words will be added:” Should the Executive be
terminated by the Company without cause or terminated for any cause within 6
months after a change of control, he shall receive from the Company the Monthly
Salary at the rate then in effect for 6 months from the date of
termination.  Such payments shall be
made in accordance with the Company’s regular payroll cycle. In addition,
following the termination of the Executives employment pursuant to this
Section 6(d), the Company shall pay the Executive the pro rata portion of
any bonus to which Executive shall be entitled pursuant to Section 4(d) hereof
and shall continue to provide the Executives with such benefits and
compensation as the Company provided to the Executive during the Employment
Period pursuant to Section 4 hereof.”

 

3.                                      Except
as set forth in Section 2 hereof, the terms, conditions and agreements set
forth in the Employment Agreement are hereby ratified and confirmed and shall
continue in full force and effect.

 

                IN WITNESS WHEREOF,
the parties have executed this Agreement on the date first above written.

 

 

	
   

  	
  Ness
  Technologies, Inc.

  
	
   

  	
   

  	
   

  
	
  BY:

  	
  /s/ Aharon
  Fogel

  	
   

  	
  /s/
  Raviv Zoller

  	
   

  
	
   

  	
   Aharon Fogel

  	
  Raviv
  Zoller

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  DATE:

  	
  6.17.04

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Ness
  Technologies Israel Ltd.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DATE:

  	
  6.17.04

  	
   

  	
   

  	
  BY:

  	
  /s/ Aharon Fogel,    /s/ Raviv Zoller

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DATE:

  	
  6.17.04

  	
   

  	
   

  	
   

  	
  /s/ Raviv Zoller

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Raviv
  Zoller

  
													

 

2Exhibit 10.30

 

DIRECTOR
AND OFFICER INDEMNIFICATION AGREEMENT

 

This Director and Officer
Indemnification Agreement, dated as of
       , 2004 (this “Agreement”), is made
by and between Ness Technologies, Inc., a Delaware corporation (the “Company”), and
                            
(the “Indemnitee”).

 

RECITALS:

 

A.                                   Section 141
of the Delaware General Corporation Law provides that the business and affairs
of a corporation shall be managed by or under the direction of its board of
directors.

 

B.                                     By
virtue of the managerial prerogatives vested in the directors and officers of a
Delaware corporation, directors and officers act as fiduciaries of the
corporation and its stockholders.

 

C.                                     Thus,
it is critically important to the Company and its stockholders that the Company
be able to attract and retain the most capable persons reasonably available to
serve as directors and officers of the Company.

 

D.                                    In
recognition of the need for corporations to be able to induce capable and
responsible persons to accept positions in corporate management, Delaware law
authorizes (and in some instances requires) corporations to indemnify their
directors and officers, and further authorizes corporations to purchase and
maintain insurance for the benefit of their directors and officers.

 

E.                                      The
Delaware courts have recognized that indemnification by a corporation serves
the dual policies of (1) allowing corporate officials to resist unjustified
lawsuits, secure in the knowledge that, if vindicated, the corporation will
bear the expense of litigation, and (2) encouraging capable women and men to
serve as corporate directors and officers, secure in the knowledge that the
corporation will absorb the costs of defending their honesty and integrity.

 

F.                                      The
number of lawsuits challenging the judgment and actions of directors of
Delaware corporations, the costs of defending those lawsuits and the threat to
directors’ personal assets have all materially increased over the past several
years, chilling the willingness of capable women and men to undertake the
responsibilities imposed on corporate directors and officers.

 

G.                                     Recent
federal legislation and rules adopted by the Securities and Exchange Commission
and the national securities exchanges have exposed such directors and officers
to new and substantially broadened civil liabilities.

 

H.                                    Under
Delaware law, a director’s or officer’s right to be reimbursed for the costs of
defense of criminal actions, whether such claims are asserted under state or
federal law, does not depend upon the merits of the claims asserted against the
director or officer and is separate and distinct from any right to
indemnification the director may be able to establish.

 

I.                                         Indemnitee
is, or will be, a director and/or officer of the Company and/or of a Controlled
Affiliate (as defined below) and his willingness to serve in such capacity is
predicated, in substantial part, upon the Company’s willingness to indemnify
him in accordance with the principles reflected above, to the fullest extent
permitted by the laws of the State of Delaware, and upon the other undertakings
set forth in this Agreement.

 

J.                                        Therefore,
in recognition of the need to provide Indemnitee with substantial protection
against personal liability, in order to procure Indemnitee’s continued service
as a director and/or officer of the Company and/or a Controlled Affiliate and
to enhance Indemnitee’s ability to serve the Company and/or a Controlled
Affiliate in an effective manner, and in order to provide such protection
pursuant to express contract rights (intended to be enforceable irrespective
of, among other things, any amendment to the Company’s certificate of
incorporation or bylaws (collectively, the “Constituent Documents”), any change in the
composition of the Company’s Board of Directors (the “Board”) or any
change-in-control or business combination transaction relating to the Company
and/or a Controlled Affiliate), the Company wishes to provide in this Agreement
for

 

 

the indemnification and
advancement of Expenses to Indemnitee on the terms, and subject to the
conditions, set forth in this Agreement.

 

K.                                    In
light of the considerations referred to in the preceding recitals, it is the
Company’s intention and desire that the provisions of this Agreement be
construed liberally, subject to their express terms, to maximize the
protections to be provided to Indemnitee hereunder.

 

AGREEMENT:

 

NOW, THEREFORE, the
parties hereby agree as follows:

 

1.                                      Certain Definitions.  In addition to terms defined elsewhere
herein, the following terms have the following meanings when used in this
Agreement with initial capital letters:

 

(a)                                  “Change in Control”
shall have occurred at such time, if any, as Incumbent Directors cease for any
reason to constitute a majority of Directors. 
For purposes of this Section 1(a), “Incumbent Directors” means the
individuals who, as of the date hereof, are Directors of the Company and any
individual becoming a Director subsequent to the date hereof whose election,
nomination for election by the Company’s stockholders, or appointment, was
approved by a vote of at least a majority of the then Incumbent Directors
(either by a specific vote or by approval of the proxy statement of the Company
in which such person is named as a nominee for director, without objection to
such nomination); provided, however,
that an individual shall not be an Incumbent Director if such individual’s
election or appointment to the Board occurs as a result of an actual or
threatened election contest (as described in Rule 14a-12(c) of the Securities
Exchange Act of 1934, as amended) with respect to the election or removal of
directors or other actual or threatened solicitation of proxies or consents by
or on behalf of a Person other than the Board.

 

(b)                                 “Claim” means (i) any
threatened, asserted, pending or completed claim, demand, action, suit or
proceeding, whether civil, criminal, administrative, arbitrative, investigative
or other, and whether made pursuant to federal, state or other law; and (ii)
any inquiry or investigation, whether made, instituted or conducted by the
Company, a Controlled Affiliate or any other Person, including, without
limitation, any federal, state or other governmental entity, that Indemnitee
reasonably determines might lead to the institution of any such claim, demand,
action, suit or proceeding.  For the
avoidance of doubt, the Company intends indemnity to be provided hereunder in
respect of acts or failure to act prior to, on or after the date hereof.

 

(c)                                  “Controlled Affiliate”
means any person,  corporation, limited
liability company, partnership, joint venture, trust or other entity or
enterprise, whether or not for profit, that directly or indirectly controls or
is controlled by, or is under common control with the Company.  For purposes of this definition, “control” means the
possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of an entity or enterprise, whether
through the ownership of voting securities, through other voting rights, by
contract or otherwise; provided
that direct or indirect beneficial ownership of capital stock or other
interests in an entity or enterprise entitling the holder to cast 15% or more
of the total number of votes generally entitled to be cast in the election of
directors (or persons performing comparable functions) of such entity or
enterprise shall be deemed to constitute control for purposes of this
definition.

 

(d)                                 “Disinterested Director”
means a director of the Company who is not and was not a party to the Claim in
respect of which indemnification is sought by Indemnitee.

 

(e)                                  “Expenses” means
attorneys’ and experts’ fees and expenses and all other costs and expenses paid
or payable in connection with investigating, defending, being a witness in or
participating in (including on appeal), or preparing to investigate, defend, be
a witness in or participate in (including on appeal), any Claim.

 

(f)                                    “Indemnifiable Claim”
means any Claim based upon, arising out of or resulting from (i) any actual,
alleged or suspected act or failure to act by Indemnitee in his or her capacity
as a current or former director, officer, employee or agent of the Company or
as a director, officer, employee, member, manager, trustee or agent of any
other corporation, limited liability company, partnership, joint venture, trust
or other entity or

 

2

 

enterprise, whether or
not for profit, as to which Indemnitee is or was serving at the request of the
Company, (ii) any actual, alleged or suspected act or failure to act by Indemnitee
in respect of any business, transaction, communication, filing, disclosure or
other activity of the Company or any other entity or enterprise referred to in
clause (i) of this sentence, or (iii) Indemnitee’s status as a current or
former director, officer, employee or agent of the Company or as a current or
former director, officer, employee, member, manager, trustee or agent of the
Company or any other entity or enterprise referred to in clause (i) of this
sentence or any actual, alleged or suspected act or failure to act by
Indemnitee in connection with any obligation or restriction imposed upon
Indemnitee by reason of such status.  In
addition to any service at the actual request of the Company, for purposes of
this Agreement, Indemnitee shall be deemed to be serving or to have served at
the request of the Company as a director, officer, employee, member, manager,
trustee or agent of another entity or enterprise if Indemnitee is or was
serving as a director, officer, employee, member, manager, agent, trustee or
other fiduciary of such entity or enterprise and (i) such entity or enterprise
is or at the time of such service was a Controlled Affiliate, (ii) such entity
or enterprise is or at the time of such service was an employee benefit plan
(or related trust) sponsored or maintained by the Company or a Controlled
Affiliate, or (iii) the Company or a Controlled Affiliate (by action of the
Board, any committee thereof or the Company’s Chief Executive Officer (“CEO”)
(other than as the CEO him or herself)) caused or authorized Indemnitee to be
nominated, elected, appointed, designated, employed, engaged or selected to
serve in such capacity.

 

(g)                                 “Indemnifiable Losses”
means any and all Losses relating to, arising out of or resulting from any
Indemnifiable Claim; provided, however,
that Indemnifiable Losses shall not include Losses incurred by Indemnitee in
respect of any Indemnifiable Claim (or any matter or issue therein) as to which
Indemnitee shall have been adjudged liable to the Company, unless and only to
the extent that the Delaware Court of Chancery or the court in which such
Indemnifiable Claim was brought shall have determined upon application that,
despite the adjudication of liability but in view of all the circumstances of
the case, Indemnitee is fairly and reasonably entitled to indemnification for
such Expenses as the court shall deem proper.

 

(h)                                 “Independent Counsel”
means a nationally recognized law firm, or a member of a nationally recognized
law firm, that is experienced in matters of Delaware corporate law and neither
presently is, nor in the past five years has been, retained to represent:  (i) the Company (or any Subsidiary or
Controlled Affiliate) or Indemnitee in any matter material to either such party
(other than with respect to matters concerning the Indemnitee under this
Agreement, or of other indemnitees under similar indemnification agreements) or
(ii) any other named (or, as to a threatened matter, reasonably likely to be
named) party to the Indemnifiable Claim giving rise to a claim for
indemnification hereunder. 
Notwithstanding the foregoing, the term “Independent Counsel” shall not
include any person who, under the applicable standards of professional conduct
then prevailing, would have a conflict of interest in representing either the
Company or Indemnitee in an action to determine Indemnitee’s rights under this
Agreement.

 

(i)                                     “Losses” means any
and all Expenses, damages, losses, liabilities, judgments, fines, penalties
(whether civil, criminal or other) and amounts paid or payable in settlement,
including, without limitation, all interest, assessments and other charges paid
or payable in connection with or in respect of any of the foregoing.

 

(j)                                     “Person” means any
individual, entity or group, within the meaning of Section 13(d)(3) or
14(d)(2) of the Securities Exchange Act of 1934, as amended.

 

(k)                                  “Standard of Conduct”
means the standard for conduct by Indemnitee that is a condition precedent to
indemnification of Indemnitee hereunder against Indemnifiable Losses relating
to, arising out of or resulting from an Indemnifiable Claim.  The Standard of Conduct is (i) good faith
and a reasonable belief by Indemnitee that his action was in or not opposed to
the best interests of the Company and, with respect to any criminal action or
proceeding, that Indemnitee had no reasonable cause to believe that his conduct
was unlawful, or (ii) any other applicable standard of conduct that may
hereafter be substituted under Section 145(a) or (b) of the Delaware
General Corporation Law or any successor to such provision(s).

 

2.                                      Indemnification Obligation.  Subject only to Section 7 and to the
proviso in this Section, the Company shall indemnify, defend and hold harmless
Indemnitee, to the fullest extent permitted or required by the laws of the
State of Delaware in effect on the date hereof or as such laws may from time to
time hereafter be amended to increase the scope of such permitted
indemnification, against any and all Indemnifiable Claims and

 

3

 

Indemnifiable Losses; provided, however, that, except as
provided in Sections 5, Indemnitee shall not be entitled to indemnification
pursuant to this Agreement in connection with (i) any Claim initiated by
Indemnitee against the Company or any director or officer of the Company
(except claims initiated by Indemnitee where Indemnitee seeks to enforce
Indemnitee’s rights under this Agreement) unless the Company has joined in or
consented to the initiation of such Claim or (ii) the purchase and sale by
Indemnitee of securities in violation of Section 16(b) of the Securities
Exchange Act of 1934, as amended.  The
Company acknowledges that the foregoing obligation may be broader than that now
provided by applicable law and the Company’s Constituent Documents and intends
that it be interpreted consistently with this Section and the recitals to
this Agreement.

 

3.                                      Advancement of Expenses.  Indemnitee shall have the right to
advancement by the Company prior to the final disposition of any Indemnifiable
Claim of any and all actual and reasonable Expenses relating to, arising out of
or resulting from any Indemnifiable Claim paid or incurred by Indemnitee.  Without limiting the generality or effect of
any other provision hereof, Indemnitee’s right to such advancement is not
subject to the satisfaction of any Standard of Conduct.  Without limiting the generality or effect of
the foregoing, within five business days after any request by Indemnitee for
specific reasonable Expenses to be reimbursed or advanced, that is accompanied
by supporting documentation relating to the existence of the Claim, the Company
shall, in accordance with such request (but without duplication), (a) pay such
Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount
sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses;
provided that Indemnitee shall
repay, without interest, any amounts actually advanced to Indemnitee that, at
the final disposition of the Indemnifiable Claim to which the advance related,
were in excess of amounts paid or payable by Indemnitee in respect of Expenses
relating to, arising out of or resulting from such Indemnifiable Claim.  In connection with any such payment,
advancement or reimbursement, at the request of the Company, Indemnitee shall
execute and deliver to the Company an undertaking, which need not be secured
and shall be accepted without reference to Indemnitee’s ability to repay the
Expenses, by or on behalf of the Indemnitee, to repay any amounts paid,
advanced or reimbursed by the Company in respect of Expenses relating to,
arising out of or resulting from any Indemnifiable Claim in respect of which it
shall have been determined, following the final disposition of such
Indemnifiable Claim and in accordance with Section 7, that Indemnitee is
not entitled to indemnification hereunder.

 

4.                                      Indemnification for Additional Expenses.  Without limiting the generality or effect of
the foregoing, the Company shall indemnify and hold harmless Indemnitee against
and, if requested by Indemnitee, shall reimburse Indemnitee for, or advance to
Indemnitee, within five business days of such request accompanied by supporting
documentation for specific Expenses to be reimbursed or advanced, any and all
actual and reasonable Expenses paid or incurred by Indemnitee in connection
with any Claim made, instituted or conducted by Indemnitee for (a)
indemnification or reimbursement or advance payment of Expenses by the Company
under any provision of this Agreement, or under any other agreement or
provision of the Constituent Documents now or hereafter in effect relating to
Indemnifiable Claims, and/or (b) recovery under any directors’ and officers’
liability insurance policies maintained by the Company; provided, however, if it is ultimately determined
that the Indemnitee is not entitled to such indemnification, reimbursement,
advance or insurance recovery, as the case may be, then the Indemnitee shall be
obligated to repay any such Expenses to the Company; provided further, that, regardless in each case of whether
Indemnitee ultimately is determined to be entitled to such indemnification,
reimbursement, advance or insurance recovery, as the case may be, Indemnitee
shall return, without interest, any such advance of Expenses (or portion thereof)
which remains unspent at the final disposition of the Claim to which the
advance related.

 

5.                                      Partial Indemnity.  If Indemnitee is entitled under any
provision of this Agreement to indemnification by the Company for some or a
portion of any Indemnifiable Loss but not for all of the total amount thereof,
the Company shall nevertheless indemnify Indemnitee for the portion thereof to
which Indemnitee is entitled.

 

6.                                      Procedure for Notification.  To obtain indemnification under this
Agreement in respect of an Indemnifiable Claim or Indemnifiable Loss,
Indemnitee shall submit to the Company a written request therefor, including a
brief description (based upon information then available to Indemnitee) of such
Indemnifiable Claim or Indemnifiable Loss. 
If, at the time of the receipt of such request, the Company has
directors’ and officers’ liability insurance in effect under which coverage for
such Indemnifiable Claim or Indemnifiable Loss is potentially available, the
Company shall give prompt written notice of such Indemnifiable Claim or
Indemnifiable Loss to the applicable insurers in accordance with the procedures
set forth in the applicable policies. 
The Company shall thereafter take all necessary or desirable action to
cause such insurers to pay, on behalf of the Indemnitee, all

 

4

 

Indemnifiable Claims and
Indemnifiable Losses in accordance with the terms of such policies.  The Company shall provide to Indemnitee a
copy of such notice delivered to the applicable insurers, substantially
concurrently with the delivery thereof by the Company.  The failure by Indemnitee to timely notify
the Company of any Indemnifiable Claim or Indemnifiable Loss shall not relieve
the Company from any liability hereunder unless, and only to the extent that
such failure results in forfeiture by the Company of substantial defenses,
rights or insurance coverage.

 

7.                                      Determination of Right to Indemnification.

 

(a)                                  To
the extent that Indemnitee shall have been successful on the merits or
otherwise in defense of any Indemnifiable Claim or any portion thereof or in
defense of any issue or matter therein, including, without limitation,
dismissal without prejudice, Indemnitee shall be indemnified against all
Indemnifiable Losses relating to, arising out of or resulting from such
Indemnifiable Claim in accordance with Section 2 and no Standard of
Conduct Determination (as defined in Section 7(b)) shall be required.

 

(b)                                 To
the extent that the provisions of Section 7(a) are inapplicable to an Indemnifiable
Claim that shall have been finally disposed of, Indemnitee shall be indemnified
against all Indemnifiable Losses relating to, arising out of or resulting from
such Indemnifiable Claim in accordance with Section 2, if the Indemnitee
has satisfied the applicable Standard of Conduct. Any determination of whether
Indemnitee has satisfied the applicable Standard of Conduct (a “Standard of Conduct Determination”)
shall be made as follows:  (i) if a
Change in Control shall not have occurred, or if a Change in Control shall have
occurred but Indemnitee shall have requested that the Standard of Conduct
Determination be made pursuant to this clause (i), (A) by a majority vote of
the Disinterested Directors, even if less than a quorum of the Board, (B) if such
Disinterested Directors so direct, by a majority vote of a committee of
Disinterested Directors designated by a majority vote of all Disinterested
Directors, or (C) if there are no such Disinterested Directors, or if a
majority of the Disinterested Directors so direct, by Independent Counsel in a
written opinion addressed to the Board, a copy of which shall be delivered to
Indemnitee; and (ii) if a Change in Control shall have occurred and Indemnitee
shall not have requested that the Standard of Conduct Determination be made
pursuant to clause (i) above, by Independent Counsel in a written opinion
addressed to the Board, a copy of which shall be delivered to Indemnitee.

 

(c)                                  If
(i) Indemnitee shall be entitled to indemnification hereunder against any Indemnifiable
Losses pursuant to Section 7(a), (ii) no determination of whether
Indemnitee has satisfied any applicable standard of conduct under Delaware law
is a legally required condition precedent to indemnification of Indemnitee
hereunder against any Indemnifiable Losses, or (iii) Indemnitee has been
determined or deemed pursuant to Section 7(b) to have satisfied the
applicable Standard of Conduct, then the Company shall pay to Indemnitee,
within five business days after the later of (x) the Notification Date in
respect of the Indemnifiable Claim or portion thereof to which such
Indemnifiable Losses are related, out of which such Indemnifiable Losses arose
or from which such Indemnifiable Losses resulted, and (y) the earliest date on
which the applicable criterion specified in clause (i), (ii) or (iii) above
shall have been satisfied, an amount equal to the amount of such Indemnifiable
Losses.  Nothing herein is intended to
mean or imply that the Company is intending to use Section 145(f) of the
Delaware General Corporation Law to dispense with a requirement that Indemnitee
meet the applicable Standard of Conduct where it is otherwise required by such
statute.

 

(d)                                 If
a Standard of Conduct Determination is required to be, but has not been, made
by Independent Counsel pursuant to Section 7(b)(i), the Independent
Counsel shall be selected by the Board or a committee of the Board, and the
Company shall give written notice to Indemnitee advising him or her of the
identity of the Independent Counsel so selected.  If a Standard of Conduct Determination is required to be, or to
have been, made by Independent Counsel pursuant to Section 7(b)(ii), the
Independent Counsel shall be selected by Indemnitee, and Indemnitee shall give
written notice to the Company advising it of the identity of the Independent
Counsel so selected.  In either case,
Indemnitee or the Company, as applicable, may, within five business days after
receiving written notice of selection from the other, deliver to the other a
written objection to such selection; provided,
however, that such objection may be asserted only on the ground that
the Independent Counsel so selected does not satisfy the criteria set forth in
the definition of “Independent Counsel” in Section 1(h), and the objection
shall set forth with particularity the factual basis of such assertion.  Absent a proper and timely objection, the
Person so selected shall act as Independent Counsel.  If such written objection is properly and timely made and
substantiated, (i) the Independent Counsel so selected may not serve as
Independent Counsel unless and until such objection is withdrawn or a court has
determined that such objection is without merit and (ii) the non-objecting
party may, at its

 

5

 

option, select an
alternative Independent Counsel and give written notice to the other party
advising such other party of the identity of the alternative Independent
Counsel so selected, in which case the provisions of the two immediately
preceding sentences and clause (i) of this sentence shall apply to such
subsequent selection and notice.  If
applicable, the provisions of clause (ii) of the immediately preceding sentence
shall apply to successive alternative selections.  If no Independent Counsel that is permitted under the foregoing
provisions of this Section 7(d) to make the Standard of Conduct
Determination shall have been selected within 30 calendar days after the
Company gives its initial notice pursuant to the first sentence of this Section 7(d)
or Indemnitee gives its initial notice pursuant to the second sentence of this
Section 7(d), as the case may be, either the Company or Indemnitee may
petition the Court of Chancery of the State of Delaware for resolution of any
objection which shall have been made by the Company or Indemnitee to the
other’s selection of Independent Counsel and/or for the appointment as
Independent Counsel of a person or firm selected by the Court or by such other
person as the Court shall designate, and the person or firm with respect to
whom all objections are so resolved or the person or firm so appointed will act
as Independent Counsel.  In all events,
the Company shall pay all of the actual and reasonable fees and expenses of the
Independent Counsel incurred in connection with the Independent Counsel’s
determination pursuant to Section 7(b). For the avoidance of doubt, any
expenses incurred by the Indemnitee in connection with the appointment of
Independent Counsel in accordance with this Section 7(d) shall be deemed
Indemnifiable Losses.

 

8.                                      Cooperation.  Indemnitee shall cooperate with reasonable requests of the
Company in connection with any Indemnifiable Claim and any individual or firm
making such Standard of Conduct Determination, including providing to such Person
documentation or information which is not privileged or otherwise protected
from disclosure and which is reasonably available to Indemnitee and reasonably
necessary to defend the Indemnifiable Claim or make any Standard of Conduct
Determination without incurring any unreimbursed cost in connection
therewith.  The Company shall indemnify
and hold harmless Indemnitee against and, if requested by Indemnitee, shall
reimburse Indemnitee for, or advance to Indemnitee, within five business days
of such request accompanied by supporting documentation, if available, for
specific costs and expenses to be reimbursed or advanced, any and all costs and
expenses (including attorneys’ and experts’ fees and expenses) actually and
reasonably incurred by Indemnitee in so cooperating with the Person defending
the Indemnifiable Claim or making such Standard of Conduct Determination.

 

9.                                      Presumption of Entitlement.  Notwithstanding any other provision hereof,
in making any Standard of Conduct Determination, the Person making such determination
shall presume that Indemnitee has satisfied the applicable Standard of Conduct.

 

10.                               No Other Presumption.  For purposes of this Agreement, the
termination of any Claim by judgment, order, settlement (whether with or
without court approval) or conviction, or upon a plea of nolo contendere or its
equivalent, will not create a presumption that Indemnitee did not meet any
applicable Standard of Conduct or that indemnification hereunder is otherwise
not permitted.

 

11.                               Non-Exclusivity.  The rights of Indemnitee hereunder will be
in addition to any other rights Indemnitee may have under the Constituent
Documents, or the substantive laws of the Company’s jurisdiction of
incorporation, any other contract or otherwise (collectively, “Other Indemnity Provisions”);
provided, however, that (a) to
the extent that Indemnitee otherwise would have any greater right to
indemnification under any Other Indemnity Provision, Indemnitee will without
further action be deemed to have such greater right hereunder, and (b) to the
extent that any change is made to any Other Indemnity Provision which permits
any greater right to indemnification than that provided under this Agreement as
of the date hereof, Indemnitee will be deemed to have such greater right
hereunder.  The Company may not, without
the consent of Indemnitee, adopt any amendment to any of the Constituent
Documents the effect of which would be to deny, diminish or encumber
Indemnitee’s right to indemnification under this Agreement, and any such
amendment shall be deemed null and void with respect to Indemnitee.

 

12.                               Liability Insurance and Funding.  For the duration of Indemnitee’s service as
a director and/or officer of the Company and/or a Controlled Affiliate and for
a reasonable period of time thereafter, which such period shall be determined
by the Company in its sole discretion, the Company shall use commercially
reasonable efforts (taking into account the scope and amount of coverage
available relative to the cost thereof) to cause to be maintained in effect
policies of directors’ and officers’ liability insurance providing coverage for
directors and/or officers of the Company and its Controlled Affiliates that is
substantially comparable in scope and amount to that provided by the Company’s
current policies of directors’ and

 

6

 

officers’ liability
insurance.  Upon reasonable request, the
Company shall provide Indemnitee or his or her counsel with a copy of all
directors’ and officers’ liability insurance applications, binders, policies,
declarations, endorsements and other related materials.  In all policies of directors’ and officers’
liability insurance obtained by the Company, Indemnitee shall be named as an
insured in such a manner as to provide Indemnitee the same rights and benefits,
subject to the same limitations, as are accorded to the Company’s directors and
officers most favorably insured by such policy.  Notwithstanding the foregoing, (i) the Company may, but shall not
be required to, create a trust fund, grant a security interest or use other
means, including, without limitation, a letter of credit, to ensure the payment
of such amounts as may be necessary to satisfy its obligations to indemnify and
advance expenses pursuant to this Agreement and (ii) in renewing or seeking to
renew any insurance hereunder, the Company will not be required to expend more
than 2.0 times the premium amount of the immediately preceding policy period
(equitably adjusted if necessary to reflect differences in policy periods).

 

13.                               Subrogation.  In the event of payment under this Agreement, the Company shall
be subrogated to the extent of such payment to all of the related rights of
recovery of Indemnitee against other Persons (other than Indemnitee’s successors),
including any entity or enterprise referred to in clause (i) of the definition
of “Indemnifiable Claim” in Section 1(f). 
Indemnitee shall execute all papers reasonably required to evidence such
rights (all of Indemnitee’s reasonable Expenses, including attorneys’ fees and
charges, related thereto to be reimbursed by or, at the option of Indemnitee,
advanced by the Company).

 

14.                               No Duplication of Payments.  The Company shall not be liable under this
Agreement to make any payment to Indemnitee in respect of any Indemnifiable
Losses to the extent Indemnitee has otherwise already actually received payment
(net of Expenses incurred in connection therewith) under any insurance policy,
the Constituent Documents and Other Indemnity Provisions or otherwise
(including from any entity or enterprise referred to in clause (i) of the
definition of “Indemnifiable Claim” in Section 1(f)) in respect of such
Indemnifiable Losses otherwise indemnifiable hereunder.

 

15.                               Defense of Claims.  Subject to the provisions of applicable policies
of directors’ and officers’ liability insurance, if any, the Company shall be
entitled to participate in the defense of any Indemnifiable Claim or to assume
or lead the defense thereof with counsel reasonably satisfactory to the
Indemnitee; provided that if
Indemnitee determines, after consultation with counsel selected by Indemnitee,
that (a) the use of counsel chosen by the Company to represent Indemnitee would
present such counsel with an actual or potential conflict, (b) the named
parties in any such Indemnifiable Claim (including any impleaded parties)
include both the Company and Indemnitee and Indemnitee shall conclude that
there may be one or more legal defenses available to him or her that are
different from or in addition to those available to the Company, (c) any such
representation by such counsel would be precluded under the applicable
standards of professional conduct then prevailing, or (d) Indemnitee has
interests in the claim or underlying subject matter that are different from or
in addition to those of other Persons against whom the Claim has been made or
might reasonably be expected to be made, then Indemnitee shall be entitled to
retain separate counsel (but not more than one law firm plus, if applicable,
local counsel in respect of any particular Indemnifiable Claim for all
indemnitees in Indemnitee’s circumstances) at the Company’s expense.  The Company shall not be liable to
Indemnitee under this Agreement for any amounts paid in settlement of any
threatened or pending Indemnifiable Claim effected without the Company’s prior
written consent.  The Company shall not,
without the prior written consent of the Indemnitee, effect any settlement of
any threatened or pending Indemnifiable Claim which the Indemnitee is or could
have been a party unless such settlement solely involves the payment of money
and includes a complete and unconditional release of the Indemnitee from all
liability on any claims that are the subject matter of such Indemnifiable
Claim.  Neither the Company nor
Indemnitee shall unreasonably withhold its consent to any proposed settlement; provided that Indemnitee may withhold
consent to any settlement that does not provide a complete and unconditional
release of Indemnitee.

 

16.                               Mutual Acknowledgment.  Both the Company and the Indemnitee
acknowledge that in certain instances, Federal law or applicable public policy
may prohibit the Company from indemnifying its directors and officers under
this Agreement or otherwise.  Indemnitee
understands and acknowledges that the Company may be required in the future to
undertake to the Securities and Exchange Commission to submit the question of
indemnification to a court in certain circumstances for a determination of the
Company’s right under public policy to indemnify Indemnitee and, in that event,
the Indemnitee’s rights and the Company’s obligations hereunder shall be
subject to that determination.

 

7

 

17.                               Successors and Binding Agreement.

 

(a)                                  This
Agreement shall be binding upon and inure to the benefit of the Company and any
successor to the Company, including, without limitation, any Person acquiring
directly or indirectly all or substantially all of the business or assets of
the Company whether by purchase, merger, consolidation, reorganization or
otherwise (and such successor will thereafter be deemed the “Company” for
purposes of this Agreement), but shall not otherwise be assignable or
delegatable by the Company.

 

(b)                                 This
Agreement shall inure to the benefit of and be enforceable by the Indemnitee’s
personal or legal representatives, executors, administrators, heirs,
distributees, legatees and other successors.

 

(c)                                  This
Agreement is personal in nature and neither of the parties hereto shall,
without the consent of the other, assign or delegate this Agreement or any
rights or obligations hereunder except as expressly provided in Sections 17(a)
and 17(b).  Without limiting the
generality or effect of the foregoing, Indemnitee’s right to receive payments
hereunder shall not be assignable, whether by pledge, creation of a security
interest or otherwise, other than by a transfer by the Indemnitee’s will or by
the laws of descent and distribution, and, in the event of any attempted
assignment or transfer contrary to this Section 17(c), the Company shall
have no liability to pay any amount so attempted to be assigned or transferred.

 

18.                               Notices.  For all purposes of this Agreement, all communications, including
without limitation notices, consents, requests or approvals, required or permitted
to be given hereunder must be in writing and shall be deemed to have been duly
given when hand delivered or dispatched by electronic facsimile transmission
(with receipt thereof orally confirmed), or one business day after having been
sent for next-day delivery by a nationally recognized overnight courier
service, addressed to the Company (to the attention of the Secretary of the
Company) and to Indemnitee at the applicable address shown on the signature
page hereto, or to such other address as any party may have furnished to the
other in writing and in accordance herewith, except that notices of changes of
address will be effective only upon receipt.

 

19.                               Governing Law.  The validity, interpretation, construction and performance of
this Agreement shall be governed by and construed in accordance with the
substantive laws of the State of Delaware, without giving effect to the
principles of conflict of laws of such State. 
The Company and Indemnitee each hereby irrevocably consent to the
jurisdiction of the Chancery Court of the State of Delaware for all purposes in
connection with any action or proceeding which arises out of or relates to this
Agreement, waive all procedural objections to suit in that jurisdiction,
including, without limitation, objections as to venue or inconvenience, agree
that service in any such action may be made by notice given in accordance with
Section 18 and also agree that any action instituted under this Agreement
shall be brought only in the Chancery Court of the State of Delaware.

 

20.                               Validity.  If any provision of this Agreement or the application of any
provision hereof to any Person or circumstance is held invalid, unenforceable
or otherwise illegal, the remainder of this Agreement and the application of
such provision to any other Person or circumstance shall not be affected, and
the provision so held to be invalid, unenforceable or otherwise illegal shall
be reformed to the extent, and only to the extent, necessary to make it
enforceable, valid or legal.  In the
event that any court or other adjudicative body shall decline to reform any
provision of this Agreement held to be invalid, unenforceable or otherwise
illegal as contemplated by the immediately preceding sentence, the parties
thereto shall take all such action as may be necessary or appropriate to
replace the provision so held to be invalid, unenforceable or otherwise illegal
with one or more alternative provisions that effectuate the purpose and intent
of the original provisions of this Agreement as fully as possible without being
invalid, unenforceable or otherwise illegal.

 

21.                               Miscellaneous.  No provision of this Agreement may be
waived, modified or discharged unless such waiver, modification or discharge is
agreed to in writing signed by Indemnitee and the Company.  No waiver by either party hereto at any time
of any breach by the other party hereto or compliance with any condition or
provision of this Agreement to be performed by such other party shall be deemed
a waiver of similar or dissimilar provisions or conditions at the same or at
any prior or subsequent time.  No
agreements or representations, oral or otherwise, expressed or implied with
respect to the subject matter hereof have been made by either party that are not
set forth expressly in this Agreement.

 

8

 

22.                             Certain Interpretive Matters.  Unless the context of this Agreement
otherwise requires, (1) “it” or “its” or words of any gender include each other
gender, (2) words using the singular or plural number also include the plural
or singular number, respectively, (3) the terms “hereof,” “herein,” “hereby”
and derivative or similar words refer to this entire Agreement, (4) the terms
“Article,” “Section,” “Annex” or “Exhibit” refer to the specified Article,
Section, Annex or Exhibit of or to this Agreement, (5) the terms “include,”
“includes” and “including” will be deemed to be followed by the words “without
limitation” (whether or not so expressed), and (6) the word “or” is disjunctive
but not exclusive.  Whenever this
Agreement refers to a number of days, such number will refer to calendar days
unless business days are specified and whenever action must be taken (including
the giving of notice or the delivery of documents) under this Agreement during
a certain period of time or by a particular date that ends or occurs on a
non-business day, then such period or date will be extended until the
immediately following business day.  As
used herein, “business
day” means any day other than Saturday, Sunday or a United
States federal holiday.

 

23.                               Entire Agreement.  This Agreement constitutes the entire
agreement and supersedes all prior agreements and understandings, both written
and oral, between the parties hereto with respect to the subject matter of this
Agreement.  Any prior agreements or
understandings between the parties hereto with respect to indemnification are
hereby terminated and of no further force or effect.

 

24.                             Counterparts.  This Agreement may be executed in one or more counterparts, each
of which will be deemed to be an original but all of which together shall
constitute one and the same agreement.

 

IN WITNESS WHEREOF,
Indemnitee has executed and the Company has caused its duly authorized
representative to execute this Agreement as of the date first above written.

 

 

	
   

  	
  NESS
  TECHNOLOGIES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
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  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  INDEMNITEE:

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
   

  
	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
						

 

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