Document:

Form of Notice of Change to Long Term Disability Benefit and Tax Election Form

 Exhibit 10(j) 
  

					
	 To:
  
	  	[Executive Officer]	  	

	 From:
  
	  	Craig Mockler	  
	 Date:
  
	  	May 18, 2007	  
			
	 Action
 Required By:
	  	May 31, 2007	  	

 NOTICE OF CHANGE TO LONG TERM DISABILITY (“LTD”) BENEFIT 
 & TAX ELECTION FORM 
 As
part of our ongoing review process we have enhanced the Long Term Disability (LTD) benefit for all employees on the executive payroll (Grade 19 and above, General Managers and Vice Presidents). 
 The change, which was effective as of April 15, 2007, increases the maximum monthly benefit
to which you may be entitled under the LTD plan. With this change, your new LTD benefit is two-thirds (2/3) of your annual compensation1 up to
$595,000. This is a significant increase in your potential LTD benefit, from a cap of $8,888 per month to $33,000 per month. 
 Your
new LTD benefit will be achieved through the issuance of two (2) separate insurance policies: (1) a group policy having a maximum monthly benefit of $15,000; and (2) an individual insurance policy having a maximum monthly benefit of
up to $18,000. When combined, your new benefit will replace two-thirds (2/3) of your annual compensation up to $595,000. 
 The cost of
your LTD benefit is paid by Parker and is determined based on individual factors, including your age. 
 [The following two paragraphs
would be included only in letters sent to executives who participate in Parker’s Supplemental Executive Retirement Plan.] 
 As a
participant of Parker’s Supplemental Executive Retirement Plan (“SERP”), if you have at least 10 years of service and become disabled as defined in the LTD plan, you are eligible for early retirement under the SERP. Your SERP benefit
would be 55% of your annual compensation, less the following: 
  

	 	(a)	Company contributions towards your Social Security benefits; 

  

	 	(b)	1% per year for the first 5 years before age 65; 

  

	 	(c)	2% per year for any additional years prior to age 60; and 

  

	 	(d)	The excess, if any, of your combined SERP and LTD benefits over two-thirds (2/3) of your annual compensation. 

  

	 1
	 Annual compensation is defined as your base salary plus RONA bonuses paid during
the calendar year ending 12/31 of the year prior to your disability. 

 Your total disability benefit from this entire new LTD package and the SERP benefit will not exceed
two-thirds (2/3) of your annual compensation. 
 As a member of Parker’s leadership team, we are committed to delivering you a
competitive total rewards package. This enhanced disability benefit is part of that package and is reflective of this on-going commitment. We suggest you share a copy of this notice with your financial advisor. 
 This benefit will be administered by Oswald Companies. Either Maryann Hudec or Scott Thompson would be pleased to answer any questions you have regarding
this benefit. Their contact information is provided below for your convenience. 
 Your Individual Long-Term Disability Benefits Summary:

  

	 	(a)	Your Monthly Benefit: Based on your annual compensation as of 12/31/2006, if you were to become disabled as defined under the policy, you would be currently eligible to
receive the following LTD benefits: 

  

	 	(i)	Group Policy: $ ___________ per month. 

  

	 	(ii)	Individual Policy: $ ____________ per month. 

  

	 	(b)	Parker’s Cost: The estimated premium cost to Parker for these policies is $            , however,
because the cost of this benefit is determined based on individual factors, this amount will not be confirmed until you have submitted the UnumProvident Guaranteed Standard Application (see below). 

 Action Required: 
 In order to participate in
this benefit, you must fill out and complete the UnumProvident Guaranteed Standard Application included with this letter and the Tax Election portion of this letter return both in the enclosed envelope no later than May 31, 2007.

 LONG-TERM DISABILITY BENEFIT 
 TAX ELECTION: 
 Because the cost of your LTD benefit is paid by Parker, it is considered
additional compensation, and is taxable to you. You may elect to have this benefit taxed either at the time the premiums are paid on your behalf, or upon your receipt of disability benefits should that occur. 
 Please elect one of the following options for the taxation of your LTD benefit: 
  ̈  (1) I elect to
have the cost of premiums paid by Parker for my LTD benefit included in my monthly earnings. Accordingly, I will be currently subject to tax on such amount and each month Parker will withhold applicable income and employment taxes in accordance with
IRS requirements. However, If I become disabled and qualify for this benefit, I WILL NOT pay federal income tax or employment tax on the benefit when received. Your additional compensation and withholding for the first month will be
based on premiums 

 
which were paid to commence coverage on 4/15/2007, the effective date of the policy. 
  ̈  (2) I elect not
to have the cost of premiums paid by Parker for my LTD benefit added to my monthly earnings. While I will not currently be subject to income or employment taxes on this amount, if I become disabled and qualify for this benefit, I WILL
pay tax on the benefits when received, in accordance with the federal, state and local income tax laws in effect at that time. 
 Please sign, date and return this election form either via e-mail or in the enclosed envelope no later than: May 31, 2007. 
  

							
	Signature:	  	 	  		  	 
		  		  		  	Date
	Printed:	  	 	  		  	

 Questions? 
 If you have questions regarding your new Long Term Disability benefit, please the following Oswald Companies representatives: 
  

	 	•	 	 Maryann Hudec at 216-367-8830 or mhudec@oswaldcompanies.com (or Toll Free at 1-800-466-0468 ext. 8830) or 

  

	 	•	 	 Scott Thompson at 216-367-4948 or sthompson@oswaldcompanies.com (or Toll Free at 1-800-466-0468 ext. 4948)LETTER BETWEEN VIRYANET AND BANK HAPOALIM LTD

 Exhibit 4(a)(26) 
 

 
 Bank Hapoalim 
 Main Management 
 Industry & Local Authorities Sector 
 23 Menahem Begin Road, Tel Aviv 
 Telephone: 03-5673021 
 Fax: 03-5672995 
 Date: August 29, 2007 
 To: ViryaNet Ltd. 
 Dear Sir or Madam, 
  

	Whereas	on March 14, 2005 your company signed an irrevocable letter of undertaking towards us, which was amended on December 22, 2005 (hereinafter, jointly: the
“Letter of Undertaking”), with respect to the amounts which your company owes and/or will owe the bank in connection with the banking services provided and/or to be provided to it by us and/or in connection with the guarantees
signed and/or to be signed by it as security for debts and obligations of other entities to us (hereinafter: the “said Amounts”); and 

  

	Whereas	within the framework of the Letter of Undertaking, your company undertook, inter alia, that: (a) the ratio of the shareholders’ equity to its
total balance will not be less than 17%, but that in any event the shareholders’ equity will not be less at any time whatsoever than the amount in NIS equivalent to $ 3,000,000 (three million US dollar); and (b) the cash balance as of
January 1, 2006 as well as the cash balances as reported in its quarterly and annual financial statements (consolidated) starting from July 1, 2006, which are audited or reviewed by a certified external auditor, at any time and from time
to time, will not be less than an amount in NIS equivalent to $ 1,000,000 (one million US dollar) (hereinafter, jointly: the “said Undertakings”); and 

  

	Whereas	failure to comply with any of the said Undertakings entitles us, inter alia, to declare all or any of the said Amounts, immediately due and payable; and

  

	Whereas	your company has advised us that it neither is in compliance nor will be in compliance with the said Undertakings with respect to the second quarter of 2007 (which terminated
at the end of June) and accordingly, your company has sought to obtain the bank’s approval and consent not to declare all or any of the said Amounts immediately due and payable; and 

  

	Whereas	it has been agreed between us and your company that the Letter of Undertaking be amended, all as stated in this Letter below; 

 Accordingly, at your request, we hereby confirm to your company as follows: 
  

	1.	The preamble hereto constitutes an integral part hereof. 

	2.	We hereby confirm to your company that your company’s failure to comply with the said Undertakings with respect to the quarter which terminated at the end of June 2007 will not
in itself constitute a ground for declaring all or any of the said Amounts immediately due and payable. 

  

	3.	It is hereby agreed, that as of August 1, 2007, the said Undertakings will be amended in the following manner (the amended undertakings will hereinafter be referred to
as: the “Current Undertakings”): 

 In lieu of the contents of the Letter of Undertaking, your company will undertake
to us that: (a) the ratio of the shareholders’ equity to its total balance will not be less than 13%, but that in any event the shareholders’ equity will not be less at any time whatsoever than the amount in NIS equivalent to $
1,500,000 (one million and five hundred US dollar); and (b) the cash balances as shall be reported in its quarterly and annual financial statements (consolidated) starting from August 1, 2007, which are audited or reviewed by a certified
external auditor, at any time and from time to time, will not be less than an amount in NIS equivalent to $ 500,000 (five hundred thousand US dollar). 
 Apart from the foregoing, there will be no change in the Letter of Undertaking and/or the terms thereof. 
  

	4.	Furthermore, at your request, we hereby confirm to your company that failure to comply with the Current Undertakings during the third quarter of 2007 (which will terminate at the
end of September) and/or the fourth quarter of 2007 (which will terminate at the end of December) will not in itself constitute a ground for declaring all or any of the said Amounts immediately due and payable. 

  

	5.	For the avoidance of any doubts, nothing in the foregoing shall derogate from your company’s obligations to us and/or from our rights vis-à-vis your company, either
pursuant to the Letter of Undertaking or by virtue of the other documents signed and/or to be signed vis-à-vis us in connection with the said Amounts. 

 Sincerely, 
 Bank Hapoalim Ltd. 
 Main Management 
 A Fransis                D. Uri

  

 To: Bank Hapoalim Ltd. 

We hereby confirm the foregoing, including, in particular, in connection with section 3. 
  

									
	Date: August 29, 2007	  		  	/s/    Samuel HaCohen	  	
		  		  	ViryaNet Ltd.	  	
			
		  	Name:       Samuel HaCohen    	  	
		  	Position: Chairman of the Board of Directors

 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 
 .  .  .  .  .  .  .  . 
 Legal Counsel Confirmation 
 I, Liat Shefer, being legal counsel to ViryaNet Ltd. (hereinafter the “Company”), do hereby confirm that this agreement was executed in accordance with the law
and by the Company’s authorized signatory and I confirm that the above signature shall bind the Company for all intents and purposes. 
  

									
	Date: August 29, 2007	  		  	/s/    Liat Shefer, Adv.	  	
		  		  	Signature and Stamp

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