Document:

EXHIBIT 10.14
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                              EMPLOYMENT AGREEMENT

         This Employment Agreement (the "Agreement") is made as of February 9,
2000, by and between Ben Nye (the "Executive") and Precise Software Solutions,
Inc. and any of its subsidiaries, divisions and affiliates (the "Company").

         WHEREAS, the Executive and the Company deem it in their respective best
interests to enter into an agreement providing for the employment of the
Executive as the Company's Vice President of Finance and Chief Financial
Officer, subject to the terms and conditions hereinafter set forth; and

         WHEREAS, the Executive agrees to execute the Company's Confidentiality
and Proprietary Information Agreement (the "Confidentiality Agreement") dated
the date hereof and attached hereto as Exhibit A;

         NOW, THEREFORE, in consideration of the foregoing and the agreements
herein contained, the parties hereto hereby agree as follows:

         1. EMPLOYMENT. Subject to the terms and conditions set forth in this
Agreement, the Company offers and the Executive hereby accepts employment,
effective as of February 21, 2000 (the "Effective Date"). The parties agree that
such employment shall be full time and on an at-will basis, which means that
either the Executive or the Company may, subject to the provisions of this
Agreement, terminate the employment relationship (and this Agreement) at any
time, for any or no reason, with or without cause, upon written notice to the
other party. The term of this Agreement, as from time to time may be modified
and in effect, is hereafter referred to as "the term of this Agreement" or "the
term hereof."

         2. CAPACITIES AND PERFORMANCE. During the term hereof, the Executive
shall serve the Company as its Vice President of Finance and Chief Financial
Officer. The Executive shall report to the Company's President and CEO. The
Executive shall comply with and perform, faithfully, diligently and to the best
of his ability, such directions and duties in relation to the business and
affairs of the Company as may from time to time be vested in or requested of him
by the Company. The Executive shall devote substantially all of his business
time, attention and energies to the business of the Company. Executive shall not
work as an executive, independent consultant or agent for another entity,
whether or not during the business hours of Precise, without the permission of
Precise. However, Precise understands that Executive will remain on Finance
Committee to the Board of Directors of the Council on Foreign Relations, and may
in his discretion serve on the board of directors of other companies, which do
not compete with Precise, if permission is obtained from the CEO of Precise,
which shall not be unreasonably withheld.

         3. COMPENSATION AND BENEFITS. As compensation for the satisfactory
performance by the Executive of his duties and obligations hereunder to the
Company and subject to the provisions of Section 5, the Executive shall receive:

                  3.1. BASE SALARY. The Executive's initial base salary shall be
paid at a rate of $16,666.67 per month (the "Base Salary"). The Base Salary
shall be payable in accordance with the customary payroll practices of the
Company, but at least paid monthly, as may be established
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                                      -2-

or modified from time to time and shall be subject to all applicable federal,
state and/or local payroll and withholding taxes.

                  3.2 BONUS.

                  (a) During the first year of employment the Company shall pay
the Executive a bonus of $25,000 per quarter for each fiscal quarter end. The
bonus for the first and second quarters will be 100% guaranteed, the bonus
payment for the third quarter will be 75% guaranteed, and all bonus payments
thereafter will be subject to the Company's normal meritorious bonus practice
described below. For all future years, the Company shall establish at its sole
discretion a bonus plan pursuant to which the Executive shall be eligible to
receive a bonus from $100,000.00 per anum. Such bonus, if any, shall be based
upon, among other things, the Executive's and the Company's attainment of
quarterly and/or yearly goals as established by and at the sole discretion of
the Company's Board of Directors (the "Board"). Such bonus, if any, shall be
payable quarterly in accordance with the customary bonus practice of the Company
as may be established or modified from time-to-time.

                  (b) Signing Bonus - The Executive will receive from the
Company a signing bonus of $25,000 upon his signing this agreement.

                  3.3 STOCK OPTIONS.

                  (a) Subject to approval by the Company's Board of Directors
(the "Board") and subject to the terms, conditions and restrictions of the
Company's [1998 Share Option and Incentive Plan] and a stock option agreement
between the Company and the Executive, the Executive shall be eligible to be
granted an option to purchase 500,000 shares of Company's Series A ordinary
shares at $1 per share. The Executive's shares will vest annually over two years
commencing on February 21,2000 (e.g-250,000 shares vesting on February 21, 2001
and 250,000 vesting on February 21, 2002.)

                  (b) Acceleration of Vesting of Option for Business
Combinations - Upon the completion of an Initial Public Offering vesting of
75,000 will be accelerated, subject to underwriters condition, or upon a
Transfer of Control (as defined in the Plan), 50% of the unvested shares subject
to this option shall, immediately prior to the consummation of such Transfer of
Control, become vested in accordance with Section 3 and immediately exercisable
by the Employee.

         In addition to the above, upon (1) a closing of a Transfer of Control
and (2) the occurrence of a Termination Event (as defined below), the remaining
50% of the unvested shares subject to this option shall, immediately upon the
occurrence of a Termination Event of Employee, become vested and immediately
exercisable by Employee.

         A Termination Event is defined as the involuntary termination of
employment of the Employee within one (1) year after the closing of a Transfer
of Control other than under Disgraceful Circumstances. In addition, a
Termination Event shall also include the following if such event has occurred
within one (1) year after the closing of a Transfer of Control: (1) reduction in
salary or material reduction in the level of benefits of the Employee as in
effect
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on the date immediately prior to the closing of a Transfer of Control; (2) a
diminution in the nature or scope of the Employee's authority, duties or
responsibilities in effect immediately prior to the closing of the Transfer of
Control; or (3) a change in location of the principal office to which the
Employee must report of greater than 50 miles.

                  3.4 VACATION. Subject to and in accordance with the Company's
policy, the Executive shall be eligible for 15 days of paid vacation per
calendar year.

                  3.5 BENEFITS. Subject to any contribution therefore generally
required of executives of the Company, the Executive will be eligible to
participate in the Company's benefits plans to the same extent as, and subject
to the same terms, conditions and limitations applicable to, other executives of
the Company in similar positions. Such participation shall be subject to (i) the
terms of the applicable plan documents, (ii) generally applicable Company
policies, and (iii) the discretion of the Company and/or the Board or any
administrative or other committee provided for in or contemplated by such plan.
The Company's current plans and policies shall govern all other benefits. The
Company may alter, modify, add to, or delete its employee benefits plans and/or
policies at any time as the Company and/or the Board, in their sole judgment,
determines to be appropriate.

                  3.6 RELOCATION. The Company will pay the Executive's
reasonable relocation expenses for the cost of moving his family and home to
Massachusetts. In any case, the relocation expense shall not exceed $17,000.

                  3.7. BUSINESS EXPENSES. The Company shall pay or reimburse the
Executive for all reasonable business expenses incurred or paid by the Executive
in the performance of his duties and responsibilities hereunder, subject to (i)
any reasonable expense policy set by the Company as may be modified from time to
time, and (ii) such reasonable substantiation and documentation requirements as
may be specified by the Company from time to time.

         4. TERMINATION OF EMPLOYMENT. The Executive's employment and this
Agreement shall terminate under the following circumstances:

                  4.1. DEATH OR DISABILITY. In the event of the Executive's
death or Disability (as defined herein) during the term hereof, the Executive's
employment and this Agreement shall immediately and automatically terminate and
the Company shall pay to the Executive (or in the case of death, the Executive's
designated beneficiary or, if no beneficiary has been designated by the
Executive, his estate), any Base and bonus earned but unpaid through the date of
death or Disability. For the purposes of this Agreement, "Disability" shall mean
any physical incapacity or mental incompetence (i) as a result of which the
Executive is unable to perform substantially all his duties and responsibilities
hereunder for an aggregate of 120 days, whether or not consecutive, during any
calendar year, and (ii) which cannot be reasonably accommodated by the Company
without undue hardship. Any determination of disability shall be made by a
qualified physician or physicians selected by the Company and the Executive. The
failure of the Executive to submit to a reasonable examination by such physician
or physicians shall constitute a conclusive determination of a permanent
Disability.
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                                      -4-

                  4.2. BY THE COMPANY BECAUSE OF DISGRACEFUL CIRCUMSTANCES.

                  (a) The Company may terminate the Executive's employment and
this Agreement because of Disgraceful Circumstances at any time during the term
hereof. The Company shall thereafter have no further obligation or liability to
the Executive relating to the Executive's employment or this Agreement, other
than Base Salary earned but unpaid and vested shares through the date of
termination.

                  (b) The following events or conditions shall constitute
"Disgraceful Circumstances" for termination (which shall hereafter only be
referred to as "Dismissal for Cause"): (i) gross negligence, willful misconduct
or breach of fiduciary duty to the Company, Precise Software Solutions Ltd.
("Precise Ltd.") or any of the subsidiaries of Precise Ltd. ("Subsidiary"); (ii)
commission of an act of embezzlement or fraud; (iii) deliberate disregard of the
rules or policies of the Company, Precise Ltd. or any Subsidiary which results
in direct or indirect material loss, damage or injury to the Company, Precise
Ltd. or any Subsidiary; (iv) the unauthorized disclosure of any trade secret or
confidential information of the Company, Precise Ltd. or any Subsidiary which
materially harms the Company.

                  4.3. BY THE COMPANY. The Company may terminate the Executive's
employment and this Agreement at any time, for any or no reason, during the term
hereof. In the event of such termination, the Executive will be entitled to a
continuation, for six (6) months from the date of the Executive's termination of
employment, of (i) his salary in an amount equal to the Executive's Base Salary
(in effect at the time of such termination) (ii) pro rata monthly vesting of
options, and (iii) payment of premiums (in the same amount as of the Executive's
date of termination) on the Executive's behalf to continue his health insurance,
to the extent the Executive elects to continue such coverage in accordance with
and pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985
("COBRA").

                  4.4. BY THE EXECUTIVE. The Executive also may terminate this
Agreement and/or his employment with the Company for any or no reason during the
term hereof upon 15 days' prior notice to the Company. Upon receipt of such
notice, the Company may accelerate the Executive's termination and pay to the
Executive an amount equivalent to his base monthly salary (at that time) for the
remainder of the 15 day notice period. The Company shall thereafter have no
further obligation or liability to the Executive relating to the Executive's
employment or this Agreement, other than for any Base Salary earned but unpaid
through the date of termination.

         5. EFFECT OF TERMINATION. The provisions of this Section 5 shall apply
in the event of termination of this Agreement and/or the Executive's employment
pursuant to Sections 4.

                  5.1. PAYMENT IN FULL. Payment by the Company to the Executive
of any Base Salary and other compensation amounts shall constitute the entire
obligation of the Company to the Executive, except that nothing in this Section
5.1 is intended or shall be construed to affect the rights and obligations of
the Company, on the one hand, and the Executive, on the other, with respect to
any loans, stock warrants, stock pledge arrangements, option plans or other
agreements to the extent said rights or obligations survive the Executive's
termination of employment under the provisions of documents relating thereto.
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                                       -5-

                  5.2. TERMINATION OF BENEFITS. Except for any right of
continuation of benefits coverage to the extent provided herein and/or provided
by COBRA or other applicable law, benefits shall terminate pursuant to the terms
of the applicable benefit plans as of the termination date of the Executive's
employment without regard to any continuation of Base Salary or other payments
to the Executive following such termination date.

                  5.3 CESSATION OF COMPENSATION AND BENEFITS. If the Executive
breaches his obligations under this Agreement and/or the Confidentiality
Agreement, the Company may immediately cease payment of all compensation,
severance and benefits described in this Agreement. The cessation of these
payments shall be in addition to, and not as an alternative to, any other
remedies at law or in equity available to the Company, including the right to
seek specific performance or an injunction.

         6. SURVIVAL OF CERTAIN PROVISIONS. The obligations of the Executive
under the Confidentiality Agreement expressly survive any termination of the
Executive's employment for up to twelve months, regardless of the manner of such
termination, or termination of this Agreement.

         7. CONFLICTING AGREEMENTS. The Executive and Company hereby warrants
that the execution of this Agreement and the performance of obligations
hereunder will not breach or be in conflict with any other agreement to which or
by which the Executive or Company is a party or is bound and that the Executive
is not now subject to and will not enter into any covenants against competition
or similar covenants that would affect the performance of his obligations
hereunder. Moreover, where this Agreement conflicts with other of the Company's
agreements (e.g., the Confidentiality and Proprietary Information Agreement),
the terms included in this agreement will be determinative.

         8. WITHHOLDING; TAXES. All payments made by the Company under this
Agreement shall be subject to and reduced by any federal, state and/or local
taxes or other amounts required to be withheld by the Company under any
applicable law.

         9. MISCELLANEOUS.

                  9.1. Assignment. The Executive shall not assign this Agreement
or any interest herein. The Company may assign this Agreement. No such
assignment shall be deemed a "termination" of the Executive's employment within
the meaning of Section 4. This Agreement shall inure to the benefit of and be
binding upon the successors and assigns of the Company.

                  9.2. Severability. The Executive and Company agrees that each
provision and the subparts of each provision herein shall be treated as separate
and independent clauses and the unenforceability of any one clause shall in no
way impair the enforceability of any of the other clauses of the Agreement.
Moreover, if one or more of the provisions contained in this Agreement shall for
any reason be held to be excessively broad as to scope, activity, subject or
otherwise so as to be unenforceable at law, such provision or provisions shall
be construed by the appropriate judicial body by limiting or reducing it or
them, so as to be enforceable to the maximum extent compatible with the
applicable law as it shall then appear. The Executive and Company hereby
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                                      -6-

further agrees that the language of all parts of this Agreement shall in all
cases be construed as a whole according to its fair meaning and not strictly for
or against either of the parties.

                  9.3. WAIVER; AMENDMENT. Any waiver by the Company of a breach
of any provision of this Agreement shall not operate or be construed as a waiver
of any subsequent breach of such provision or any other provision hereof. In
addition, any amendment to or modification of this Agreement or any waiver of
any provision hereof must be in writing and signed by the Company and the
Executive.

                  9.4. NOTICES. All notices, requests and other communications
provided for by this Agreement shall be in writing and shall be effective when
delivered in person or four business days after being deposited in the mail of
the United States, postage prepaid, registered or certified, and addressed (a)
in the case of the Executive, to the address set forth underneath his signature
to this Agreement or (b) in the case of the Company, to the attention of Shimon
Alon c/o Precise Software Solutions, Inc., 690 Canton Street, Westwood, MA
02090; and/or to such other address as either party may specify by notice to the
other.

                  9.5. ENTIRE AGREEMENT. This Agreement, the Confidentiality
Agreement and any stock option agreement between the Company and the Executive
constitute the entire agreement between the Company and the Executive with
respect to the terms and conditions of the Executive's employment with the
Company and supersede and cancel all prior communications, agreements and
understandings, written or oral, between the Executive and the Company with
respect to the terms and conditions of the Executive's employment with the
Company.

                  9.6. COUNTERPARTS. This Agreement may be executed in
counterparts, each of which shall be original and all of which together shall
constitute one and the same instrument.

                  9.7. GOVERNING LAW. This Agreement, the employment
relationship contemplated herein and any claim arising from such relationship,
whether or not arising under this Agreement, shall be governed by and construed
in accordance with the internal laws of the Commonwealth of Massachusetts
without giving effect to any choice or conflict of laws provision or rule
thereof, and this Agreement shall be deemed to be performable in such
Commonwealth.

                  9.8. CONSENT TO JURISDICTION. The Executive and the Company
agree to in good faith seek arbitration to settle any differences. The
arbitration will be in Boston, Massachussetts at the American Arbitration
Association ("AAA") before a single arbitrator. Such arbitrator shall be
selected in accordance with AAA's then current rules and regulation. The parties
agree to split the cost of arbitration equally. In the event no settlement is
reached, the Executive, by his execution hereof, hereby irrevocably submits to
the exclusive jurisdiction of the state or federal courts of the Commonwealth of
Massachusetts for the purpose of any claim or action arising out of or based
upon this Agreement, the Executive's employment with the Company and/or
termination thereof, or relating to the subject matter hereof, and agrees not to
commence any such claim or action other than in the above-named courts.

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                                      -7-

         IN WITNESS WHEREOF, this Agreement has been executed by the Company, by
its duly authorized representative, and by the Executive, as of the date first
above written.

                              PRECISE SOFTWARE SOLUTIONS, INC.

                              By: /s/ Shimon Alon
                                  ------------------------------
                              Name: Shimon Alon
                                    ----------------------------
                              Title: President & CEO

                              THE EXECUTIVE

                              /s/ J. Benjamin H. Nye
                              ----------------------------------
                              Ben Nye

                              ADDRESS: 70 North Avenue
                                       Weston, MA 02943EXHIBIT 10.15
                                                                   -------------

                              EMPLOYMENT AGREEMENT

                  This Agreement is made as of the 1 day of May 1997.

BETWEEN:          PRECISE SOFTWARE SOLUTIONS LTD/PRECISE SOFTWARE SOLUTIONS
                  INC./PRECISE SOFTWARE SOLUTIONS GMBH* (delete the
                  inapplicable) (hereinafter the "COMPANY")

                                                              of the first part;
                                                              ------------------

AND               AKI RATNER I.D 54040977
                  (hereinafter the "EMPLOYEE")

                                                              of the second part
                                                              ------------------

WHEREAS,          the Company desires to employ the Employee and the Employee
                  desires to be employed by the Company, upon the terms and
                  subject to the conditions herein contained;

         NOW, THEREFORE, THE PARTIES HERETO HEREBY AGREE AS FOLLOWS:

1.       EMPLOYMENT

         The Company agrees to employ the Employee, and the Employee agrees to
         be employed by the Company, for the period set forth in Section 2
         hereof, upon the terms and subject to the conditions herein provided.

2.       The initial terns of the Employee's employment hereunder shall be
         deemed to have commenced on the date listed in para. 1 of Annex "A" and
         shall continue until the date listed in para. 2 of Annex "A". unless
         terminated earlier by (i) either party, at convenience, by a prior
         written notice to that effect, or (ii) the Company, for cause, pursuant
         to the provisions of Section 7 below. The minimum period for the
         termination notice pursuant to para. (1) above is listed in para. 3 of
         Annex "A".

3.       POSITION & DUTIES

         3.1.     During the term of this Agreement, the Employee agrees to
                  serve, and the Company agrees to employ the Employee, in the
                  position specified in para. 4 of Annex "A" and/or in any other
                  position designated by the Chief Executive Officer of the
                  Company (the "OFFICER"). The Employee agrees to fulfill such
                  duties and functions as shall be assigned to him by the
                  Chairman of the Board of Directors of the Company of by the
                  Officer. The Employee shall be based in the country listed in
                  para. 5 of the Annex "A", but may be requested to perform
                  services hereunder in other countries and, if so requested,
                  shall travel to such other countries to perform duties and
                  functions as may be assigned to him by the Officer.
<PAGE>

                  If elected an officer or director of any subsidiary or
                  affiliate of the Company, the Employee shall serve in such
                  position, without being paid additional compensation for any
                  services to be rendered in connection therewith.

         3.2.     During the term of this Agreement, the Employee shall:

                  3.2.1.   serve the Company faithfully and to the best of his
                           ability, and devote his entire working time,
                           attention and efforts to the business and affairs of
                           the Company; and

                  3.2.2.   refrain from, and not engage in, any work or business
                           outside the scope of his employment.

4.       COMPENSATE & REIMBURSEMENT

         As compensation for the Employee's services during the term of this
         Agreement, the Company shall:

         4.1.     pay (or cause to be paid) to the Employee a gross salary at
                  the monthly rate listed in para. 6 of Annex "A", in accordance
                  with the Company's customary payroll practices and linked in
                  the manner specified in para 7 of Annex "A";

         4.2.     pay (or reimburse) the Employee for all reasonable expenses
                  actually incurred or paid by the Employee in the performance
                  of services hereunder, after presentation of expense
                  statements and approved as such by the Company - or vouchers
                  or such other supporting information and documentation as the
                  Company may customarily require of its employees;

         4.3.     afford to the Employee, in addition to vacation days on all
                  national Holidays: (i) annual paid vacation; and (ii) paid
                  sick leave to be used only for personal illness or attendance
                  due to a death or a grave illness of an immediate family
                  member. The number of days allocated for vacation and for sick
                  leave pursuant to paras. (i) and (ii) hereof are listed,
                  respectively, in paras. 8 and 9 of Annex "A".

         4.4.     grant to the Employee an Option, within the meaning of the
                  Company's Share Option & Incentive plan (the "PLAN"), to
                  purchase the number of shares listed in para. 10 of Annex "A",
                  in accordance with, and subject to, the terms and conditions
                  set forth in the plan, provided that (1) the Option shall be
                  exercisable on the date(s) listed in para. 11 of Annex "A" and
                  (ii) the term of the Restricted periods (within the meaning of
                  the plan) shall be as listed in para. 12 of Annex "A" grant to
                  the Employee the additional benefit(s) specified in para. 13
                  of Annex "A".

5.       CONFIDENTIAL INFORMATION & INVENTIONS

         5.1.     During and after the term of its employment hereunder, the
                  Employee shall not (other than in the ordinary course of
                  employment by the Company) use or disclose to any person,
                  company, firm or corporation or any other third party, the
                  contents of this
<PAGE>

                  Agreement or any confidential information or proprietary
                  information or trade secrets including (without limitation)
                  financial data, forecasts, business strategies, product
                  development processes, formula, data, know how, improvements,
                  inventions, techniques, customers lists and marketing plans or
                  any other documents or information relating to the Company or
                  any other member of the Group or to the business of the Group
                  (collectively, the "CONFIDENTIAL INFORMATION"). For the
                  purpose of this Agreement, the term "GROUP" refers to Precise
                  Software Solutions Limited and to its parent companies,
                  subsidiaries, affiliates and divisions.

         5.2.     Notwithstanding the foregoing, the term "CONFIDENTIAL
                  INFORMATION" shall not include any information which is
                  already, or shall become, available to the public through no
                  fault of the Employee or which I disclosed by the Employee
                  pursuant to any applicable law or regulations. The Employee
                  acknowledges and agrees that the Confidential Information
                  shall be and remain the exclusive property of the Company, and
                  the Employee shall have no right thereto and no interest
                  therein. The Employee hereby assigns to the Company all rights
                  or interest it may have (or acquire) in all Confidential
                  Information.

         5.3.     Any and all ideas, conceptions, research, information,
                  discoveries, improvements, methods, formula, designs,
                  processes, trademarks, tradenames, copyrights, patents,
                  products, plans, software, source-language, codes, computer
                  programs, and writings of inventions made, conceived,
                  discovered, originated, developed or created by the Employee
                  (whether at the request or suggestion of the Company and/or
                  any other member of the Group or otherwise, whether alone or
                  in conjunction with others, and whether during regular hours
                  of work or otherwise) during the period of employment by the
                  Company and/or by any other member of the Group, which may be
                  directly or indirectly useful in, or relate to, the business
                  of, or to tests being carried out by the Company and/or any
                  other member of the Group (hereinafter, collectively
                  `INVENTIONS"), will be promptly and fully disclosed by the
                  Employee to an appropriate executive officer of the Company
                  and shall be the Company's exclusive property as against the
                  Employee, and the Employee will promptly deliver to an
                  appropriate executive officer of the company, all papers,
                  drawings, models, data and other material relating to any
                  invention made, developed or created by the Employee within
                  one year following termination of its employment with the
                  Company shall be deemed to fall within this provision, unless
                  proved to have been conceived and made following such
                  termination.

         5.4.     The Employee will, upon the Company's request and without any
                  payment therefor, execute any documents, necessary or
                  advisable in the opinion of the Company's counsel, to direct
                  issuance of patents to the Company (or its designee) with
                  respect to such Inventions as are to be the Company's (or its
                  designee's) exclusive property, or to vest in the Company (or
                  its designee) title to such Inventions as against the
                  Employee. The expenses of securing any such patent shall be
                  borne by the Company.

6.       NON COMPETITION

         6.1.     During the term of this Agreement, including any extensions
                  hereof, and for one year thereafter, the Employee shall not
                  directly or indirectly:
<PAGE>

                  6.1.1.   engage in, serve as an employee, officer, director or
                           consultant to, or have an interest (as a partner,
                           owner, shareholder, joint venturer or otherwise) in,
                           any business which is similar to, or which is engaged
                           in all or any part of the then business of, or is
                           otherwise in competition with, the Company (and/or
                           with any of its subsidiaries and/or affiliated
                           companies which are engaged in a business identical
                           with, and/or similar to, the then business of the
                           Company - hereinafter the "COMPANIES"), in any
                           geographic area in which the Company and/or any of
                           the Companies is doing business, during and at the
                           end of the term of this Agreement, provided that
                           nothing contained herein shall prevent or prohibit
                           the Employee from owing beneficially securities
                           constituting less than three percent (3%) of the
                           issued and outstanding equity securities of any
                           corporation in competition with the Company, the
                           securities of which are regularly traded on a
                           national or overseas securities exchange or on the
                           over the counter market.

                  6.1.2.   solicit, raid, entice or induce any person, firm or
                           corporation that presently is (or at any time during
                           the term of this Agreement shall be) an employee, a
                           supplier or a customer of either the Company or any
                           member of the Group, to become an employee, a
                           supplier or a customer of any other person, firm,
                           corporation or other entity, and the Employee shall
                           not approach any such employee for such person, firm,
                           corporation or other entity for such purpose or
                           authorize the taking of such actions by any other
                           person, firm, corporation or other entity in taking
                           such action.

         6.2.     The Employee acknowledges that services to be rendered by him
                  hereunder are of a special, unique and extraordinary character
                  and, in connection with such services, the Employee will have
                  access to the Confidential Information which is vital to the
                  Company's business. Accordingly, if Employee should breach or
                  threaten to breach any provision of Section 5 or Section 6(a)
                  of this Agreement, the Company will suffer irreparable injury
                  which shall entitle the Company, in the event of any breach or
                  threatened breach of either such section (in addition to any
                  other remedies which the Company may have under this Agreement
                  or otherwise), to enforce the specific performance of Section
                  5 and section 6(a) and obtain permanent and temporary
                  injunctive relief or other equitable relief from any court of
                  competence jurisdiction. The Employee further acknowledges and
                  agrees that (i)) the time, scope and other provisions of
                  section 5 and section 6(a) have been specifically negotiated
                  by sophisticated commercial parties; (ii) such time, scope and
                  other provisions are reasonable under the circumstances; and
                  (iii) if, at any time, despite the express agreement of the
                  parties hereto, a court, tribunal or arbitrator in a
                  proceeding properly brought before it, holds that any portion
                  of any such section is unreasonable and unenforceable, the
                  maximum restrictions of time, scope or other conditions
                  reasonable under the circumstances, as determined by such
                  court tribunal or arbitrator, will be substituted for any such
                  restrictions held unenforceable.
<PAGE>

7.       TERMINATION

         7.1.     Anything herein to the contrary notwithstanding, the Company
                  shall have the right to terminate the Employee's employment
                  immediately (without notice) at any time, for cause, which
                  term shall include (but not be limited to):

                  7.1.1.   an act of theft, fraud or dishonesty against the
                           Company or the Group or against any of the Group's
                           customers or the conviction of the Employee of any
                           misdemeanor involving moral turpitude or of any
                           felony or;

                  7.1.2.   a material breach or failure to perform any of the
                           Employee's obligations hereunder.

         7.2.     Anything herein to the contrary notwithstanding, the Company
                  shall have the right to terminate the Employee's employment,
                  if, by reason of illness or accident, the Employee shall
                  become disabled and is unable for a period of three
                  consecutive months, or for a total of 90 days during any 180
                  day period, to perform his duties, provided, however, that any
                  such termination shall not affect the right of the Employee to
                  continue to receive benefits under any disability insurance
                  plan covering the Employee which is in effect on such date of
                  termination or affect his rights under the plan.

         7.3.     In the event of the termination of his employment for reasons
                  set forth in paragraphs (a) or (b) above during the term
                  hereof, the Company shall be released from all its obligations
                  hereunder.

         7.4.     The employee agrees that upon termination of employment by the
                  Company, either on a voluntary or involuntary basis, with or
                  without cause, he will deliver to the Company all documents,
                  records, notebooks and similar material (including any
                  magnetic or any other media) containing any Confidential
                  Information at that time in his possession or control.

         7.5.     Upon termination of the Employee's employment hereunder for
                  whatever reason, any and all rights of the Employee hereunder
                  shall immediately terminate and the Company shall have no
                  further obligations hereunder, except for obligations which
                  the Company explicitly agreed that shall remain in effect
                  after the termination of the employment of the Employee.

8.       ENTIRE AGREEMENT

         This Agreement contains the entire understanding between the parties
         hereto and supersedes any prior agreements or understandings between
         the Company and the Employee, whether oral or in writing, except such
         as may relate to the matters dealt with in Section 5 hereof.

9.       PERSONAL AGREEMENT

         The Employee acknowledges and agrees that (i) this Agreement requires
         the personal services of the Employee; and (ii) neither this Agreement
         nor any of the Employee's
<PAGE>

         rights hereunder may be voluntarily, involuntarily, directly or
         indirectly, assigned or otherwise transferred by him without the prior
         written approval of the Company.

10.      GOVERNING LAW

         This Agreement shall be construed in accordance with and governed by,
         the laws of the country specified in para. 14 of Annex "A" and the
         competent courts of that country shall have jurisdiction over any
         dispute arising herefrom.

11.      NOTICES

         For purposes of this Agreement, all notices, requests, demands and
         other communications required or permitted hereunder shall be in
         writing and shall be deemed to have been duly given when (i)
         transmitted by telecopy, (ii) delivered by hand or (iii) three days
         after having been deposited in the mail by registered mail, return
         receipt requested, addressed as follows:

         the Employee
                     --------------------------------------------------------
         the Company
                    ---------------------------------------------------------

12.      REPRESENTATIONS

         The Employee represents and warrants that he (1) has had the right to
         discuss all aspects of this Agreement with an attorneys of his choice,
         (ii) has availed himself of this right, (iii) is competent to execute
         this Agreement, (iv) has freely and voluntarily entered into this
         Agreement, and (v) has carefully read this Agreement in its entirety
         and fully understands all of its provisions and its meanings, intent
         and consequences.

13.      DEDUCTIONS & WITHHOLDING

         13.1.    The Company shall have the right to withhold from any (and
                  all) payments required to be made to the Employee pursuant to
                  this Agreement, all taxes, levies or other amounts that the
                  Company determines to withhold in accordance with any
                  applicable law, from time to time in effect.

         13.2.    The Employee shall be responsible to pay any and all taxes and
                  other assessments imposed on any emoluments payable to the
                  Employee hereunder and levied, by law, on the Employee and
                  shall indemnify the Company against any such taxes and
                  assessments.

         13.3.    To avoid any doubts, the provisions of paras. (a) and (b)
                  hereof are cumulative but not exhaustive.
<PAGE>

14.      SEVERABILITY

         If any provisions of this Agreement shall be held to be invalid,
         illegal or unenforceable, the validity, legality and enforceability of
         the remaining provisions shall not in any way be affected or impaired
         thereby.

In witness whereof, the parties intending to be legally bound hereby, have duly
executed this Agreement, as an the date first above written.

/s/ Yoram Kariv                              /s/ Aki Ratner
----------------                             ----------------
/s/ illegible                                EMPLOYEE
----------------
COMPANY
<PAGE>

                                    ANNEX "A"
                                    ---------
<TABLE><CAPTION>
<S>                                                           <C>
1.   date of commencement of employment (Section 2)-           May 1,1997

2.   date of termination of employment (Section 2)-            None

3.   minimum period for termination notice (Section 2) -       60 Days

4.   employee's position (Section 3(a)) -                      VP R&D

5.   employee's base country (Section 3(a)) -                  Israel

6.   monthly salary (Section 4(a)) -                           30,195 NIS

7.   manner of linkage -                                       On a quarterly basis according to the Consumer Price Index,
                                                               base index.

8.   annual vacation (Section 4(c)) -                          22 days

9.   annual sick leave (Section 4(c)) -                        according to the law

10.  number of optioned shares (Section 4(c)) -                100,000 at $1.00 per share (the "option shares"). In the event of a
                                                               completion of further financing rounds up to a total of 10 million US
                                                               Dollars before May 1, 1998 a further number of option shares will be
                                                               granted to Employee, at $1.00 per share, so as to reduce by 100% the
                                                               effect of any dilution of Employee's ownership caused by the raising
                                                               of said further financing rounds. The option shares will be issued
                                                               under a written option agreement and will be subject to
                                                               qualifications and conditions under all applicable Securities
                                                               Regulations, as well as under the terms and conditions of Precise's
                                                               than current Stock Option and Incentive Plan.

11.  date(s) of exercisability of the option (Section 4(d))-   25,000 on 1.5.98
                                                               25,000 on 1.5.99
                                                               25,000 on 1.5.2000
                                                               25,000 on 1.5.2001

12.  term of the restricted period (Section 4(d))-             According to the law.

13.  additional benefits (Section 4(e)) -                      (i) Executive insurance scheme based on a 13-1/3% contribution of the
                                                               company and 5% contribution of the employee; above contribution based
                                                               on 2/3 of the monthly salary as stated in para. 6 above.
                                                               (ii) " Keren Hishtalmut" scheme based on a 7.5% contribution of the
                                                               company and 2.5% contribution of the employee; above contribution
                                                               based on 2/3 of the monthly salary as stated in para. 6 above.
                                                               (iii) Reimbursement for business Expenses incurred approved by
                                                               company in advance against appropriate receipts.
                                                               (iv) Corporate Car

14.  the country of the governing law and
     jurisdiction (Section 10) -                               Israel

</TABLE>

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