Document:

ex10-46.htm

    

      EXHIBIT
10.46

      

      September
4, 2009

      

      Bob
Eulau

      21415
Continental Circle

      Saratoga,
CA  95070

      

      Dear
Bob,

      

          On behalf of
Sanmina-SCI Corporation, I am pleased to offer you the position of Executive
Vice President and Chief Financial Officer, reporting to Jure Sola, Chairman
& CEO.  In this position, you will be classified as an exempt
employee, and you will receive a base salary of $400,000.00
annually.  You will be paid bi-weekly in accordance with the Company’s
payroll practices.

      

          You will also
be eligible for a bonus payment in fiscal 2010.  Your target bonus
payout will be 80% of your base salary once a full fiscal year of employment has
been completed.  This plan will be designed by the CEO and approved by
the Company’s Board of Directors by the end of November, 2009.  Once
the plan has been designed, the target bonus percentage may be higher than
80%.  You will also receive a guaranteed bonus of $200,000 once a full
fiscal year of employment has been completed.  In accordance with the
Company’s bonus plan, bonuses will be paid on or before December
15th.  This bonus payment will be made in accordance with the
Company’s normal pay practices for bonuses.

      

          We are
currently working on the change of control agreement.  Effective
ninety (90) days after the start of your employment, you will receive an
equivalent change of control agreement as your peers, which is two (2) times
your base salary plus target bonus.

      

          As a regular
full time employee, you will be eligible to participate in the medical, life,
and dental coverages within the terms of the Company’s insurance plans in effect
during your employment.  Enclosed is the 2009 Summary of Benefit
Options which describes the Benefit Plan in greater detail. You should be aware
that the terms of such insurance programs may be modified from time to time
during the course of employment with the Company.

      

          In addition,
Sanmina-SCI offers a number of company sponsored benefits, including a
retirement Deferred Savings Plan (401K), which you will be eligible to
participate in, after completing one month, of regular full-time employment,
subject to Plan guidelines.

      

          You will also
receive a stock option grant of one hundred seventy five thousand (175,000)
shares.  Your stock option grant date will be the fifteenth (15th) of
the month, following the month of your date of hire, provided formal approval by
a Designated Approver is obtained prior to the fifteenth (15th)
calendar day of the month.  One quarter of the shares subject to your stock
option will be exercisable upon the first anniversary of the date of grant, and
thereafter the remaining shares will become exercisable in equal installments of
l/36 per month for a total vesting period of 4 years. Your stock option grant is
subject to approval by the Company's Board of Directors. The terms of your stock
option will be set forth in a definitive stock option agreement between you and
the Company.

       

          In addition,
you will receive fifty thousand (50,000) shares of restricted stock (RSUs) to
fully vest at the end of three (3) years. This vesting period will be reduced to
two (2) years as per below if the 14 trading day average closing price of the
company’s common stock (the “average closing price”) reaches
certain  performance hurdles:

      

      
        	
                v  

              	
                25,000
      shares will be released if the average closing price equals or exceeds
      $20.00 per share

              

      

      

      
        	
                v  

              	
                An
      additional 25,000 shares will be released if the average closing price
      equals or exceeds $30.00 per share

              

      

      

          The terms of
your RSUs will be set forth in a definitive stock agreement between you and the
Company.

      

          Your
employment pursuant to this offer is contingent on your executing and agreeing
to be bound by the terms and conditions of the Company’s standard Employee
Propriety Information and Inventions Agreement, a copy of which is
attached.  Employment with Sanmina-SCI is also contingent upon you
providing the Company with the legally required proof of authorization to work
in the United States.

      

          You
understand and acknowledge that employment with the Company is for an
unspecified duration and constitutes “at-will” employment.  You
acknowledge that this employment relationship may be terminated at any time,
with or without cause or for any or no cause, at the option of either you or the
Company, with or without notice.

      

          I sincerely
hope that you will accept our offer of employment and we look forward to working
with you.  I would like you to begin your employment with Sanmina-SCI
on Monday, September 14, 2009.

      

          This offer is
valid until 5:00pm (PDT) September 4, 2009.  Please acknowledge your
receipt and acceptance of our offer before this date by signing and returning a
complete copy to my attention.  Please keep one copy of the offer
letter for your records.  We look forward to your joining the
Sanmina-SCI team.

      

      Sincerely,

      
        
          	
                  /s/
      Jure Sola

                	 
      	 
      
	
                  Jure
      Sola

                	 
      	 
      
	
                  Chairman
      & CEO

                	 
      	 
      

        

        Enclosures

      

      

      Agreed
to and accepted this 4th day of September, 2009.

      

      
        	
                /s/
      Robert K. Eulau

              	 
      	
                September
      14, 2009

              
	
                Bob
      Eulau

              	 
      	
                Start
      Dateex10-47.htm

    

      EXHIBIT
10.47

      

      November
15, 2007

        

      Michael
R. Tyler

       

      Dear
Mike:

       

      This
letter will amend the addendum dated as of February 28 (the “Addendum”) to the
letter offer of employment to you from Sanmina-SCI, dated as of February 23,
2007. The purpose of this amendment is to bring the Addendum into compliance
with Section 409A of the Internal Revenue Code. Section 4 of the Addendum shall
be amended as follows:

       

      4.    
If your employment is terminated by Sanmina-SCI without “cause”, or if you leave
the Company for “good reason,” as the term “cause” has been previously defined
between you and Sanmina-SCI, and “good reason” is defined in the safe harbor
provisions in Treas. Reg. § 1.409A-1(n) (2), as amended, then you will receive
twelve months of salary, upon execution by you, of an Agreement and General
Release.

       

      All
other provisions of the Addendum remain the same.

       

      Sincerely:

       

      
        	
                /s/WAYNE
      SHORTRIDGE

              	 
      
	
                Wayne
      Shortridge

              
	
                Chairman,
      Compensation Committee

              
	
                Sanmina-SCI
      Corporation

              

      

       

       Agreed
to and accepted this 15 day of November, 2007.

       

      
        	
                /s/
      MICHAEL TYLER

              	 
      
	
                Michael
      R.
TylerEXHIBIT 10.1

                              EMPLOYMENT AGREEMENT

            Made and entered into this 1th day of December 2009.

Between:          Future I.T. Ltd.
                  Of 4 Ha'melacha Street P.O.B 1301, Lod 71520
                  (hereinafter the "Company");
                                                              On the first part;
                                                              -----------------

And:              Mr. Tzahi Langer, I.D. No 27250117
                  Of 10 Shaul Ha'melech Street, Kiryat Uno
                  (hereinafter the "Officer").
                                                              On the second part
                                                              ------------------

Whereas,          the Company is engaged in the development, marketing, sale and
                  support of software products that provide easy-to-use
                  comprehensive database management and monitoring solutions for
                  small/ medium sized enterprises, or SMEs, and larger
                  enterprises, running different applications in a Microsoft
                  Structured Query Language, or SQL Server, environment,
                  versions 2000,2005 and 2008, supporting all editions as well
                  as Microsoft SQL Server Desktop Engine, or MSDE, and SQL
                  Express.

Whereas,          the Officer has the experience, know-how and qualifications to
                  serve as the CEO of the Company (hereinafter "CEO"); and

Whereas,          the Company has offered that the Officer undertakes employment
                  with the Company as its CEO and the Officer agrees to be
                  employed as such, all in accordance with the terms and
                  conditions of this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants and conditions
hereinafter set forth, it is agreed by the parties as follows:

1. Preamble
   --------

     The Preamble to this Agreement forms an integral part thereof.

2. Employment
   ----------

     The Company  hereby  employs the Officer,  and the Officer hereby agrees to
     serve as the Company's CEO. The Officer shall perform the duties, undertake
     the  responsibilities,  and exercise the authority  customarily  performed,
     undertaken, and exercised

     2.1  Excluding  periods of vacation  and sick leave to which the Officer is
          entitled hereunder, the Officer agrees to devote total attention, full
          time, at his working hours, to the business and affairs of the Company
          as required to discharge the responsibilities  assigned to the Officer
          hereunder.  The Officer's  duties shall be in the nature of management
          duties that demand a

<PAGE>

          special level of loyalty,  and accordingly,  the Law of Work Hours and
          Rest - 1951 shall not apply to this Agreement. During the term of this
          Agreement the Officer shall not be engaged in any other employment nor
          engage in any other business  activities for any other person, firm or
          company without the prior written consent of the Company.

     2.2  The Officer shall report to the CEO of FutureIT,  Inc.,  the Company's
          parent company ("FIT").

     2.3  The Officer warrants that in view of his position,  his agreement with
          the  Company  is  a  personal   agreement  and  this   Agreement  will
          accordingly not be governed by any collective agreement and/or various
          extension orders, unless expressly provided otherwise herein.

     2.4  The term of employment  under this Agreement shall commence on 1.12.09
          (the "Effective Date").

3. Salary and Other Payments
   -------------------------

     3.1  Base Salary
          -----------

          3.1.1 The  Company  shall pay the  Officer a  monthly  base  salary of
               24,000 (Twenty Four Thousand) NIS (hereinafter the "Base Salary")
               gross,  payable  each  month not later than the Ninth day of each
               month.

          3.1.2 The  Base  Salary  specified  above  includes  remuneration  for
               working  overtime and on days of rest,  and the Officer shall not
               be  entitled to any further  remuneration  or payment  whatsoever
               other than the Base Salary,  unless  expressly  specified in this
               Agreement.  The Officer  acknowledges that the Salary to which he
               is  entitled   pursuant  to  this   Agreement   constitutes   due
               consideration  for him working overtime and on the weekly rest or
               holidays.

4. Officer Benefits
   ----------------

     The Officer shall be entitled to the following benefits:

     4.1  Manager's Insurance. At the end of each month during the employment of
          the Officer hereunder, the Company will pay to an insurance company of
          the  Officer's  choice as  premium  for  manager's  insurance  for the
          Officer,  an amount equal to 13.3% of the Base Salary together with up
          to 2.5% of the Base Salary for  disability,  and will deduct from each
          payment of the Base Salary and pay to such insurance company an amount
          equal to 5% of the Base Salary,  which shall  constitute the Officer's
          contribution to such premium.

     4.2  Sick  Leave.  The  Officer  shall be entitled to fully paid sick leave
          pursuant to the Sick Pay-Law - 1976.

<PAGE>

     4.3  Vacation. The Officer shall be entitled to an annual vacation pursuant
          to the law after pre coordination and receiving the Company's  consent
          to the predicted date for vacation..

     4.4  Dmey  Havra'a.  The  Officer  shall be  entitled  to Dmey  Havra'a  as
          provided in a  Collective  Bargaining  Agreement  to which the General
          Labor Union of the Workers in Israel is a party  regarding the payment
          of Dmey Havra'a that is in force and effect.

     4.5  Automobile  During  the  term of this  Agreement  the  Company  shall,
          provide the Officer with a car, group 4.

          The Company  shall pay all costs  associated  with the  operation  and
          maintenance of the car, whether fixed or variable, including, fuel.

          For the avoidance of doubt,  it is hereby  emphasized that the Company
          shall  not be  obliged  to pay  any  fines  related  to the use of the
          Officer's automobile.  Additionally,  expenses related to damages from
          accident,  theft,  etc.  including  insurance  deductibles and vehicle
          repair expenses are the sole responsibility of the Officer.

          The Officer shall be responsible  for cleaning the car,  taking it for
          tests, parking tickets and filling in work forms for anyone the car is
          transferred to.

          The Officer must report all accidents he is involved in as part of the
          insurance  policy.  The Officer must fill in an accident report of any
          incident.  The Officer shall be  responsible  for any damage caused to
          the car and/or for  expenses  not  covered  by the  insurance  policy,
          unless the insurer waives expenses and/or a counter claim. The Officer
          is aware  that  failure  to  report  an  incident  can  cause  loss of
          coverage.

          The Officer is aware that he must pay taxes  regarding  the use of the
          car in accordance with the law.

          The Officer  hereby  declares  that he has a valid driver  license and
          undertakes to drive the car  according to the law and maintain  safety
          procedures required.

     4.6  Cellular  Telephone  During the term of this  Agreement,  the  Company
          shall provide the Officer with a cellular telephone.  The Company will
          provide the Officer  with a monthly  allowance of which the Company is
          obligated to pay in cellular telephone expenses. Any expenses incurred
          on the Officer's  account beyond the Company's  monthly  allowance are
          the sole responsibility of the Officer.

     4.7  Option - The Officer shall be granted with options in FIT ("Options"),
          subject to board approval,  according with the Company's Officer stock
          option  plan.  All terms and  conditions  regarding  the  issuance and
          exercise,  and exercise price  including the vesting  periods,  of any
          such options shall

<PAGE>

          be as provided for in the  Company's'  Officer stock option plan and a
          separate option  agreement to be executed  between the Officer and the
          Company.

5. Termination
   -----------

     5.1  Without  Cause.  Either party may terminate  the Officer's  employment
          without cause, provided, however that a sixty (60) days written notice
          is given to the other party.

     5.2  Cause.  The Company may terminate the Officer's  employment for Cause.
          Termination  for "Cause"  shall be limited to: (i)  conviction  of the
          Officer of a felony  which in the  Company's  view is injurious to the
          Company,  or a crime  constituting  an act of  moral  turpitude;  (ii)
          Officer's  embezzlement  of  funds  of the  Company;  (iii)  Officer's
          willful disregard of lawful and proper instructions of the officers of
          the company with respect to Officer's duties to the Company  following
          a notice  stating the nature of such  officers  instruction;  (iv) any
          willful breach by the Officer of his fiduciary duties as an officer of
          the Company pursuant to court decision.

6. Confidentiality; Proprietary Rights
   -----------------------------------

     6.1  Confidentiality.  Officer recognizes and acknowledges that the systems
          (including  specifications,  programs and documentation),  the methods
          and data, and the  developments,  designs,  inventions,  improvements,
          trade  secrets  and works of  authorship,  which the  Company,  or any
          Officer thereof,  owns, plans or develops  (whether for its own use or
          for use by its clients) are  confidential  and are the property of the
          Company.  All of these materials and  information  will be referred to
          below as "Proprietary Information".

          The Officer further  recognizes and acknowledges that any discoveries,
          developments,   designs,  inventions  and  improvements,  directly  or
          indirectly  related to the  business  of the  Company  or its  clients
          ("Creations")  made or  acquired  by him and  whether  or not  made or
          acquired  by him in business  hours or at the  premises of the Company
          and whether or not made or acquired  with the  assistance  of material
          supplied by the  Company and whether or not made or acquired  with the
          assistance of material  supplied by the Company and whether or not the
          Officer  shall have been  requested  by the Company to make or acquire
          such Creations shall belong to the Company.

          Upon request, the Officer will execute any instrument required to vest
          in the Company  complete  title and ownership to such  Creations,  and
          will at the request and expense of the Company  execute any  necessary
          instrument to obtain legal protection in Israel and foreign  countries
          for such Creation and for the purposes of vesting title thereto in the
          Company,  all without any additional  compensation  of any kind to the
          Officer.

<PAGE>

     6.2  Non-Disclosure.  Officer  agrees  that,  except  as  directed  by  the
          Company,  he will not,  during the term of this  Agreement  and for an
          unlimited  period of time  thereafter  disclose  to any person or use,
          directly or  indirectly  for  Officer's  own benefit or the benefit of
          others, any Proprietary  Information,  or permit any person to examine
          or make copies of any  documents  which may contain or be derived from
          Proprietary Information.

          The Officer  shall not  disclose  the terms of this  Agreement  to any
          person  or entity  within or  outside  the  Company,  except as may be
          required by law.

7. Competitive Activity
   --------------------

     The  Officer  undertakes  not,  directly or  indirectly  (whether as owner,
     partner,  consultant,  Officer or otherwise) at any time,  during and for 2
     years  following the  Commencement  Date, to engage in any work or activity
     that is  competitive  with the Company's  activities  or products  actively
     marketed or under active  development  by the  Company,  nor to solicit any
     Officer of the Company to resign from or otherwise  leave the employment of
     the Company.

     As defined in this Article 8, the term  "Commencement  Date" shall mean the
     date in which the Officer  terminated his employment  with the Company,  or
     the  date in  which  the  Officer  ceases  to be,  directly  or  indirectly
     (including  holdings  by a  Family  Member),  an  Interested  Party  at the
     Company, whichever comes later. For the purpose of this Article 8 the terms
     "Interested Party" and "Family Member" shall have the same meanings as such
     terms are defined in Section 1 of the Israeli Securities Law, 1968.

8. Notice
   ------

     For the purpose of this  Agreement,  notices  and all other  communications
     provided  for in the  Agreement  shall be in writing and shall be deemed to
     have been duly given when personally  delivered or sent by registered mail,
     postage prepaid,  addressed to the respective  addresses set forth below or
     last given by each party to the other. All notices and communications shall
     be deemed to have been  received  on the date of delivery  thereof,  except
     that notice of change of address shall be effective only upon receipt.

9. Miscellaneous
   -------------

     9.1  No provision of this  Agreement may be modified,  waived or discharged
          unless such waiver,  modification or discharge is agreed to in writing
          and signed by the Officer and the Company.

     9.2  No  waiver  by either  party  hereto at any time of any  breach by the
          other party hereto of, or compliance with, any condition or provisions
          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.

<PAGE>

     9.3  No  agreement  or  representations,  oral  or  otherwise,  express  or
          implied,  with  respect to the  subject  matter  hereof have been made
          either party which are not expressly set forth in this Agreement.

10. Governing Law
    -------------

     This  Agreement  shall  be  governed  by  and  construed  and  enforced  in
     accordance with the laws of the State of Israel.

11. Entire Agreement
    ----------------

     This Agreement  constitutes the entire agreement between the parties hereto
     and supersedes all prior agreements,  understandings and arrangements, oral
     or written,  between the parties  hereto with respect to the subject matter
     hereof.

12. Headings
    --------

     The  headings of  paragraphs  are inserted  for  convenience  and shall not
     affect any interpretation of this Agreement.

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its
duly authorized officer and the Officer has executed this Agreement as of the
day and year first above written.

The Company                                          The Officer
-----------                                          -----------

By: /s/Shmuel Bachar                                 /s/Tzahi Langer
    ----------------                                 ---------------
Name: _________________
Title: Chairman of the Board

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