Document:

EXHIBIT 10.1

                       AMENDMENT TO EMPLOYMENT AGREEMENT
                       ---------------------------------

     AMENDMENT,  dated  December  22,  2009,  by and between ORBIT INTERNATIONAL
CORP.,  a  Delaware  corporation  (the  "Company"),  and  MITCHELL  BINDER  (the
"Executive").
                             W I T N E S S E T H :
                             ---------------------
     WHEREAS,  the  Company  and  the  Executive  entered  into  an  employment
agreement,  effective  January  1,  2008  (the  "Employment  Agreement");  and
     WHEREAS,  the  Company  and  the Executive desire to extend the term of the
Employment  Agreement  and  to  amend certain other provisions of the Employment
Agreement  as  set  forth  below.
     NOW,  THEREFORE,  for  good  and  valuable  consideration,  the receipt and
sufficiency  of  which  are  hereby acknowledged, the Company and the Executive,
intending  to  be  legally  bound,  agree  as  follows:
     1.     Effective  as of January 1, 2010, Paragraph 3A, as it now exists, is
hereby  stricken and instead replaced by Paragraph 3A reading in its entirety as
follows:

"A.  Base  Salary.  Executive's  Gross Base Salary is hereinafter referred to as
     ------------
"Base  Salary."  During  the  Term, the Company shall pay to Executive an annual
Base  Salary  at  the  rate  of  $318,000, paid in accordance with the Company's
regular  payroll  practices,  but not less frequently than monthly.  Executive's
Base Salary will be subject to all appropriate legally required tax deductions."

2.     Effective as of January 1, 2010, Paragraph 7, as it now exists, is hereby
     stricken  and  instead  replaced  by Paragraph 7 reading in its entirety as
follows:
"7.  Vehicle  Expenses.  During  the  Term,  the Company shall provide Executive
     -----------------
with  (or  reimburse  Executive  for,  as  applicable)  a  Company-leased,
individually-owned  or  individually-leased  vehicle,  provided  that  the total
expense  to  the  Company  for  such  vehicle  shall not exceed $1,250 per month
(exclusive  of,  but  not  limited to, one time charges for taxes, bank fees and
registration  costs)  (the  "Allowance"),  provided  that  the  Allowance may be
increased  to  such  amount, not to exceed $1,500 per month, as may be necessary
for  Executive  to  lease  the  same,  or  a  similar,  current  make  and model
automobile,  on  the  same  economic terms (length of lease, downpayment capital
cost  reduction,  included  mileage, etc.) as the automobile presently leased by
Executive.  The  Company  shall  pay  for  Executive's use and operation of such
vehicle,  including  but  not  limited  to  costs  for maintaining, insuring and
fueling  such  vehicle."
3.     The  first paragraph in Paragraph 9, as it now exists, is hereby stricken
     and  instead  replaced  by  Paragraph 9 reading in its entirety as follows:
"9.  Termination.  The  Term and Executive's employment hereunder shall continue
     -----------
from  the  effective  date  of  this Agreement through December 31, 2012, unless
terminated  earlier by the Company or by Executive pursuant to this Paragraph 9.
The  Company  and  Executive  agree  to enter into good faith negotiations for a
successor Agreement or extension of the Term no later than 5 months prior to the
expiration  of  the  Term, unless the Company responds to Executive's Notice (as
defined  below)  by stating its intention not to extend the Term or enter into a
successor  Agreement  with Executive.  Accordingly, no later than 6 months prior
to  the  expiration  of  the  Term,  Executive  shall  submit  a  written notice
("Executive's  Notice") to the Company requesting that the Company state whether
or  not  it  intends  to  initiate  negotiations for a successor Agreement or an
extension  of  the Term.  The Company shall respond to Executive, in writing, no
later  than  10  days  after  receipt  of  Executive's  Notice."

4.     The  last  sentence  of  Paragraph 9(B)(III), as it now exists, is hereby
stricken.
5.     The second sentence of Paragraph 19G (Notice), as it now exists, is
hereby stricken and instead replaced in its entirety by the following:
"If  to  Company:

Orbit  International  Corp.
80  Cabot  Court
Hauppauge,  New  York  11788
Attn:  Board  of  Directors

With  a  copy  to:

Ruskin  Moscou  Faltischek,  P.C.
1425  RXR  Plaza
East  Tower,  15th  Floor
Uniondale,  New  York  11556
Attn:  Irvin  Brum,  Esq.
Facsimile:  (516)  663-6610

If  to  Executive:

Mitchell  Binder
Orbit  International  Corp.
80  Cabot  Court
Hauppauge,  New  York  11788;  and

200  East  57th  Street,  Apt.  17D
New  York,  NY  10028
(or  Executive's  most  recent  address  set  forth  in  the Company's personnel
record)"

6.     Except  as  hereinabove  specifically  amended,  the Employment Agreement
shall  remain  in  full  force  and  effect.
7.     Executive represents to the Company that he has been urged, and has had
the opportunity, to consult with his own independent counsel with respect to the
negotiation of, and his decision to enter into, this Amendment and acknowledges
that he understands the meaning and effect of each and every term and provision
contained.
8.     This Amendment may be signed in counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon
the same instrument.

     IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as
of  the  date  and  year  first  above  written.

ORBIT INTERNATIONAL CORP.
By:/s/ Bruce Reissman
   ------------------
Name: Bruce Reissman
Title: Executive VP and COO

/s/ Mitchell Binder
-------------------
MITCHELL BINDERexhibit101dec2209.htm

    AMENDMENT
NO. 3 TO RIGHTS AGREEMENT

    

    THIS
AMENDMENT NO. 3 TO RIGHTS AGREEMENT (“Amendment No. 3”) is dated as
of the 22nd day
of December, 2009, by and between Checkpoint Systems, Inc., a Pennsylvania
corporation (the “Company”), and American Stock
Transfer & Trust Company, LLC, a New York limited liability trust company
(formerly American Stock Transfer & Trust Company) (the “Rights Agent”).

     

    WHEREAS,
the Company and the Rights Agent are parties to that certain Rights Agreement,
dated as of March 10, 1997, as amended by that certain Amendment No. 1 to Rights
Agreement, dated as of March 2, 2007 and as further amended by Amendment No. 2
to Rights Agreement, dated August 5, 2009 (as so amended, the “Rights
Agreement”);

     

    WHEREAS,
the Board of Directors of the Company has considered the reasons underlying the
adoption of the Rights Agreement;

     

    WHEREAS,
the Board of Directors of the Company has considered and discussed the corporate
governance implications of the Rights Agreement;

     

    WHEREAS,
the Company and the Rights Agent desire to amend the Termination Date of the
Rights Agreement to December 24, 2009; and

     

    WHEREAS,
the Board of Directors of the Company has authorized this Amendment No. 3 at a
meeting of the Directors duly called and held.

     

    NOW,
THEREFORE, in consideration of the premises and mutual agreements set forth in
the Rights Agreement and this Amendment No. 3, the parties, intending to be
legally bound, hereby agree as follows:

     

    1. Amendments to Rights
Agreement.  The Rights Agreement is hereby amended as
follows:

     

    a) Section
7(a) of the Rights Agreement is hereby amended by deleting the date “March 10,
2017” immediately preceding the parenthetical “(the “Final Expiration Date”)” in
such section, and replacing it with

       
the date “December 24, 2009”.

     

    b) Exhibit A
to the Rights Agreement is hereby amended by deleting the date “March 10, 2017”
in each place in which such date appears in Exhibit A, and replacing it with the
date “December 24, 2009”.

     

    c) Exhibit B
to the Rights Agreement is hereby amended by deleting the date “March 10, 2017”
in each place in which such date appears in Exhibit B, and replacing it with the
date “December 24, 2009”.

     

    2. References to
“Agreement”.  The term “Agreement” as used in the
Rights Agreement shall be deemed to refer to the Rights Agreement as amended by
Amendment No. 1, dated March 2, 2007,

      
Amendment No. 2, dated August 5, 2009, and as further amended by this Amendment
No. 3.

     

    3.  Effectiveness.  This Amendment
No. 3 shall be effective as of the date hereof.

     

    4. Counterparts.  This
Amendment No. 3 may be executed in two or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the
same instrument.

     

    Signature
page follows.

     

    
      
         

      

      
         

        
          

        

      

       

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3 to be duly
executed as of the day and year first above written.

     

    ATTEST:                                                                                                                         
CHECKPOINT SYSTEMS, INC.

     

              
/s/ Raymond D.
Andrews                                                                                   _____/s/ Robert P. van der Merwe

    Title:  Senior Vice President
and                                                                                 
Title:  Chairman of the Board,

               Chief
Financial
Officer                                                                                                  
President and Chief Executive Officer

     

     

    
      
        ATTEST:                                                                                                                         
AMERICAN STOCK TRANSFER &.

                                                                                                                                                   TRUST
COMPANY LLC

                   
/s/ Susan
Silber                                                                                                    _____/s/ Herbert J. Lemmer

        Title:  Assistant
Secretary                                                                                             
Title:  Vice President

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