Document:

20-F

Exhibit 4.10  

[TRANSLATED FROM
HEBREW] 

AGREEMENT FOR THE
PROVISION OF SERVICES  

Made
and signed on Kibbutz Shamir on 8th March 2007 

	BETWEEN:  	KIBBUTZ
SHAMIR COOPERATIVE SOCIETY, REGISTERED SOCIETY 57-000272-5  

	 	
directly
and/or through a partnership fully owned by Kibbutz Shamir 

	 	
MP
Upper Galilee 12135

	 	
(hereinafter
referred to as “the Kibbutz”) 

of the one part  

	AND:  	SHAMIR
SPECIAL OPTICAL PRODUCTS LTD, PC 51-3140723  

	 	
a
fully-owned subsidiary of Shamir Optical Industry Ltd. 

	 	
of
Kibbutz Shamir, MP Upper Galilee 12135

	 	
(hereinafter
referred to as “the Company”)  

of the other part  

	WHEREAS 	
on the date of the execution hereof, the Kibbutz and Shamir Optical Industry Ltd
(hereinafter referred to as “the parent company”) have an
agreement for the provision of services that was executed on 9th February 2005
(hereinafter referred to as “the agreement with the parent company”); 

	AND WHEREAS 	the Kibbutz is constructing, on land of an area of 10,727 square meters, a
plant adapted to the Company’s requirements in accordance with its demands as
furnished to the Kibbutz for the development, manufacture, marketing and sale of
polycarbonate lenses for glasses and ancillary and other optical industry activity
(hereinafter referred to as “the new plant”); 

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	AND WHEREAS 	the Company wishes to purchase various services from the Kibbutz for the new
plant and the Kibbutz has agreed to provide the Company with such services, as provided
below: 

ACCORDINGLY, IT IS AGREED,
PROVIDED AND WARRANTED BETWEEN THE PARTIES AS FOLLOWS: 

	1.  	Recitals
and Interpretation  

	 	         1.1 	The
recitals and appendices hereto constitute an integral part hereof.

	 	1.2	This
agreement has been jointly drafted by both the parties and shall not be interpreted
against either of them as the drafter thereof.

	 	1.3 	The
clause  headings  herein are for  convenience  purposes only and shall not be used
                    in the interpretation hereof.

	 	1.4	The
following expressions shall bear the meanings set forth alongside them, unless expressly
stated otherwise:

	 	
“the
service charges” – as defined in clause 3.1 below;  

	 	
“the
record date” – the date on which possession of the building designated for
the plant is received by the Company, the parent company or anyone on their behalf;  

	 	
“the
new plant” – as defined above;  

	 	
“the
services”– services as set forth in appendix “A” hereto.  

	2.  	The
services’provision  

	 	2.1	The
Kibbutz shall provide the services to the Company and the Company shall purchase the
services from the Kibbutz on the terms and conditions set forth below and in the
appendices hereto.

	 	2.2	The
Kibbutz undertakes to provide the services skillfully and to the customary standard, to
use suitable materials, equipment and manpower and to act in accordance with the
provisions of the law in relation to the services’ provision.

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	 	2.3	
The Kibbutz shall provide the services in accordance with the Company’s reasonable
instructions and requirements.

	 	2.4	
The Kibbutz may provide the services through Kibbutz members, hired employees or
sub-contractors, in its discretion, provided that the Kibbutz shall be exclusively liable
vis-à-vis the Company for the quality of the services and for all the obligations
deriving from engagement of the manpower through whom the services are provided.

	 	2.5	
The Kibbutz warrants that the services shall be provided to the Company by it and/or
someone on its behalf as independent contractor and the parties agree that the Kibbutz
shall bear all the payments and expenses deriving, if at all, from employer-employee
relations and/or the termination of employer-employee relations in respect of Kibbutz
members, employees and sub-contractors and any other entity through which the services are
provided.

	 	2.6	
The Kibbutz shall not raise any claim of employer-employee relations between the Company
and anyone on its behalf through which the services are provided, and undertakes to
indemnify the Company for any loss, damage, liability or expense, including legal
expenses, occasioned to the Company in respect of a claim of employer-employee relations
as aforesaid, whether the claim is raised by the Kibbutz or by a third party.

	3.  	The
consideration  

	 	3.1	
In consideration for the services, the Company shall pay the Kibbutz a monthly sum of NIS
25,000 (hereinafter referred to as “the service charges”). The service
charges shall be linked to the consumer price index known on the record date.

	 	3.2 	The
service charges shall be adjusted as follows:

	 	3.2.1 	At
the end of the first period in accordance with clause 7.1 hereof and at the end of any
extension of five additional years, if any, the service charges shall be examined and
revised on the basis of the overall cost of the services actually provided in the
previous year.  

	 	3.2.2 	If
in any year during the period of this agreement the overall cost to the Kibbutz of the
services rises or falls by 30% or more in relation to the service charges paid to the
Kibbutz for the previous calendar year, without taking into account one-time factors that
are not in the ordinary course of business, the service charges shall be revised for the
period commencing at the end of the calendar year in respect of which the examination was
made by an amount identical to the rate of the rise or fall as aforesaid.  

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	 	3.3	
The service charges shall be paid on the 10th of each month in respect of the previous
month against an invoice that shall be supplied by the Kibbutz on the 5th of each calendar
month, subject to receipt of full details of the charges from the Kibbutz by the 3rd of
each month.

	 	3.4	
Statutory VAT shall be added to all the payments mentioned in clauses 3.1 and 3.2 above
and they shall be paid against tax invoices which shall be submitted to the Company by the
Kibbutz.

	 	3.5	
Any payment pursuant to this clause that is not made on time shall bear default interest
at the rate prevailing at such time at Bank Leumi Le-Israel Ltd in respect of default
payments, from the date fixed for payment until the date of actual payment.

	4.  	Additional
services  

	 	4.1	
If the Company wishes to purchase additional services, in addition to the services as
defined above (hereinafter referred to as “the additional services”), the
Kibbutz shall be given a right of first refusal to provide them.

	 	4.2	
The aforesaid does not derogate from any legal provision now and/or in future applicable
to any transaction between the Company and the Kibbutz.

	 	4.3	
The provisions of clauses 3.3 to 3.5 above shall also apply, mutatis mutandis, to
payment for the additional services.

	 	4.4	
The payment for the additional services shall be added to the service charges pursuant to
clause 3.1 above and shall be governed by the provisions of clauses 3.3 to 3.5, mutatis
mutandis.

	5.  	Water  

	 	5.1	
Water shall be supplied by the Kibbutz on the terms and conditions and for the
consideration set forth in appendix 5.1 (hereinafter referred to as “the
water  consideration”).

	 	5.2	
The payment for the water consideration shall be added to the service charges pursuant to
clause 3.1 above and shall be governed by the provisions of clauses 3.3 to 3.5, mutatis
mutandis.

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	6.  	Food  

	 	6.1	
The new plant may purchase food for its employees from the food served to diners in the
Kibbutz’s dining room for the consideration set forth in appendix
6.1 (hereinafter referred to as “the food consideration”).

	 	6.2	
The payment for the food consideration shall be added to the service charges pursuant to
clause 3.1 above and shall be governed by the provisions of clauses 3.3 to 3.5, mutatis
mutandis.

	7.  	The
period of the agreement and its termination  

	 	7.1	
This agreement shall be valid from the record date until 9th February 2010 (hereinafter
referred to as “the first period”) and shall be automatically extended
for additional periods of five years each, unless one of the parties hereto notifies the
other party, in writing, at least 12 months prior to the end of the first period or any
extension period, that it does not wish to extend the agreement.

	 	7.2	
Each party may bring this agreement to an end on written notice to the other party if the
other party commits a fundamental breach hereof and does not rectify the breach within 30
days of receiving written notice from the performing party of the fundamental breach.

	8.  	Arbitration  

	 	8.1	
Disputes in connection with the implementation, interpretation or any other aspect of this
agreement shall be referred for mediation and in the absence of a decision after the
mediation process, they shall be referred exclusively for the decision of a sole
arbitrator, who shall be appointed with the parties’ consent, and in the absence of
consent –by the President of the Auditors’ Council.

	 	8.2	
The arbitrator shall be subject to the substantive law and shall be liable to give written
grounds for his decision; however, he shall not be subject to the laws of evidence.

	 	8.3 	This
clause  constitutes an arbitration  agreement  within the meaning  thereof in the
                    Arbitration Law, 5728-1968.

	9.  	Completeness
of the agreement, change and waiver  

	 	9.1	
This agreement and its appendices exclusively determine and exhaust all the terms,
conditions and provisions governing the parties’ contractual relationship, in
relation to what is stated therein. As of the record date, this agreement prevails over
any consent, warranty and understanding made, if at all, orally or in writing, between the
parties hereto, prior to the execution hereof.

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	 	9.2	
The parties consider the agreement’s provisions a single whole and warrant that they
are entering into the agreement with the intention of performing all its provisions as a
whole.

	 	9.3	
Any change to the provisions of this agreement shall only be valid and binding if drawn up
in writing and duly signed by all the parties.

	 	
Any
waiver by a party hereof of any of its rights shall lack effect unless made in writing,
and shall only be effective for the specific matter, and shall not create any estoppel or
preclusion in future. 

	 	9.4	
Even if the agreement can be separated in accordance with section 19 of the Contracts
(General Part) Law, 5733-1983, if a cause of termination arises for one of the parties
concerning only one part and/or several of its parts, it will not be possible to terminate
such part only.

	10.  	Notices  

	 	10.1	
Any notice sent by one party to another shall be sent in writing by registered mail in
accordance with the addresses appearing in the recitals hereto and/or shall be delivered
by hand. Notice sent by mail shall be deemed received within 72 hours of being dispatched
by registered mail. Notice delivered by hand shall be deemed received on delivery.

	 	10.2 	Saturdays
and Israeli holidays shall not be counted for the purposes of this clause.

	 	
As witness the hands
of the parties: 	 

	
——————————————

The Kibbutz 	
——————————————

The Company 

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APPENDIX “A”  

The services to be
provided by the Kibbutz 

	1.  	Electricity
infrastructure - maintenance, examination of state of repair and upgrading.

	2.  	Communications
infrastructure (including exchange services).

	3.  	Water
infrastructure - maintenance,  examination of state of repair and upgrading,  including
the          main water line to the settlement.

	4.  	Settlement
  fire-extinguishing   infrastructure   -  water   lines  for   extinguishing   fires,
         fire-extinguishing trailers, fire-fighting equipment, fire-fighting staff.

	5.  	Road
infrastructure - routine maintenance, repairs and improvements.

	6.  	Cleaning
- general  cleaning of dirt and  nuisances  in the area and on the roads  leading to the
         plant.

	7.  	Giving
an emergency response on health matters. 

	8.  	Security
- on-call staff and equipment.

	9.  	Sanitation
and garbage removal (over and beyond removal by the Regional Council).

	10.  	Landscaping
and gardening. 

	11.  	Participation
in general infrastructures of the settlement. 

	* 	It
is agreed that if and when the Upper Galilee Regional Council finances the aforesaid
services in full or in part, over and beyond the financing on the date of the execution
hereof, the parties shall discuss the revision of the service charges in good faith. 

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Appendix 5.1  

Water 

Shamir shall provide water of
drinking water quality to the Company at the price of the Eastern Dan plant, if any, plus
VAT. 

The aforesaid price does not include
the production levy payable to the Water Commission pursuant to the law, which the Company
shall bear in accordance with its actual water requirements. 

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Appendix 6.1  

Food 

The Kibbutz shall provide the Company
with food services for the following consideration: 

The cost of the food as recorded each
month in the cash registers of the Kibbutz’s dining room plus 15%. 

9DC1846.pdf -- Converted by SEC Publisher 4.2, created by BCL Technologies Inc., for SEC Filing

	
ENTRUST, INC.

ENTRUST 2007 PERFORMANCE BONUS PLAN

SECTION 1. ESTABLISHMENT AND PURPOSE

     1.1 Effective Date and Establishment of the Plan. The Company hereby establishes the Entrust 2007 Performance Bonus Plan, as amended from
time to time, to permit the awarding of bonuses to eligible Employees from a Bonus Pool by the Committee. The Plan shall become effective on approval of the Committee and shall continue until terminated by the Company pursuant to Section
7.

     1.2 Purpose. The primary objective of the Entrust 2007 Performance Bonus Plan is to aid Entrust, Inc. and its Subsidiaries in attracting,
retaining and motivating valued officers, executives and other employees by offering financial motivation to such Employees upon whose performance the Company relies, based on the performance of the Company (as more particularly set forth herein)
and based on the individual contribution Employee to the business of the Company (as determined in the sole discretion of the Committee). 

	
SECTION 2. DEFINITIONS

     2.1 As used in the Plan, the following terms shall have the meanings set forth below (unless otherwise expressly provided).

"Award” means a cash bonus, or a cash and equity bonus, as determined by the Committee in its sole discretion, paid to an Employee pursuant to this Plan inclusive of
any applicable withholdings required by applicable law.

 “Bonus Pool Cash Target” means four million four hundred thousand dollars ($4,400,000).

“Bonus Pool for 2007” means the sum of the following: (i) Threshold Amount, (ii) Revenue Growth for the twelve (12) month period ending December 31, 2007
multiplied by the Revenue Growth Bonus Increment, and (iii) Return On Sales for the twelve (12) month period ending December 31, 2007 multiplied by the Return On Sales Bonus Increment; provided, however that if either the Revenue Growth or Return On
Sales for the twelve (12) month period ending December 31, 2007 is less than zero (0.0), then the Bonus Pool for 2007 means zero dollars ($0.00).

"Board" means the Board of Directors of the Company.

"Committee" means the individual or individuals as designated by the Board to administer the Plan.

"Company" means Entrust, Inc., a Maryland corporation, and any successor thereto. 

"Effective Date" means the date the Plan becomes effective, as set forth in Section 1.1 herein.

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"Employee" means an officer or other employee of the Company or a Subsidiary. 

“Equity Incentive Plan” means the Entrust, Inc. 2006 Stock Incentive Plan.

“First Half Bonus Pool for 2007” means forty percent (40%) of the following sum: (i) Threshold Amount, (ii) First Half Revenue Growth multiplied by the Revenue
Growth Bonus Increment, and (iii) Return On Sales for the six (6) month period ending June 30, 2007 multiplied by the Return On Sales Bonus Increment; provided, however that if either the First Half Revenue Growth or Return On Sales for such six (6)
month period is less than zero (0.0), then the First Half Bonus Pool for 2007 means zero dollars ($0.00).

“First Half Revenue Growth” means the difference between: (i) the Company’s product revenue as reported in the Company’s financial statement(s) for the
six (6) month period ending June 30, 2006 multiplied by two (2.0); and (ii) the Company’s product revenue as reported in the Company’s financial statement(s) for the twelve month period ending December 31, 2006; divided by the
Company’s product revenue as reported in the Company’s financial statement(s) for the twelve month period ending December 31, 2006, multiplied by one hundred (100). 

"Plan" means the Entrust 2007 Performance Bonus Plan, as amended from time to time.

“Return On Sales” for a period of time means the Company’s non-GAAP profit (after taxes), divided by the Company’s total revenues for such period of
time, multiplied by one hundred (100).

“Return On Sales Bonus Increment” means two hundred thousand dollars ($200,000).

“Revenue Growth” for a period of time means the difference between: (i) the Company’s product revenue as reported in the Company’s financial
statement(s) for such period of time; and (ii) the Company’s product revenue as reported in the Company’s financial statement(s) for the same period of time in the prior year; divided by the Company’s product revenue as reported in
the Company’s financial statement(s) for the same period of time in the prior year, multiplied by one hundred (100).

“Revenue Growth Bonus Increment” means forty thousand dollars ($40,000).

“Second Half Bonus Pool for 2007” means the Bonus Pool for 2007 minus the Total Of The First Half Awards; provided, however, that if such difference is less than
zero dollars ($0.00), then the Second Half Bonus Pool for 2007 shall mean zero dollars ($0.00).

“Threshold Amount” means one million two hundred thousand dollars ($1,200,000).

“Total Of The First Half Awards” means the portion of the First Half Bonus Pool for 2007 that was actually paid out by the Company.

"Subsidiary" means any corporation controlled directly or indirectly by the Company.

"Subcommittee" means the individual or individuals as designated by the Committee to exercise powers under this Plan on behalf of the Committee.

2

	
SECTION 3. ADMINISTRATION

     3.1 The Plan shall be administered by the Committee. The Committee may delegate its powers under this Plan to any Subcommittee.

     3.2 Subject to the limitations set forth herein, the Committee shall: (i) select the Employees who shall participate in the Plan, (ii) grant Awards in such amounts as it shall determine provided that:
(A) such Awards granted in the third calendar quarter of 2007, on an aggregate basis for all Employees, do not exceed the First Half Bonus Pool for 2007 exclusive of applicable benefits and taxes; and (B) such Awards granted in the first calendar
quarter of 2008, on an aggregate basis for all Employees, do not exceed the Second Half Bonus Pool for 2007 exclusive of applicable benefits and taxes; (iii) impose such limitations, restrictions and conditions upon such Awards as it shall deem
appropriate, (v) interpret the Plan and adopt, amend and rescind administrative guidelines and other rules and regulations relating to the Plan, (vi) make any and all legal and factual determinations in connection with the administration and
interpretation of the Plan, (vii) correct any defect or omission or reconcile any inconsistency in this Plan or in any Award granted hereunder and (viii) make all other necessary determinations and take all other actions necessary or advisable for
the implementation and administration of the Plan. The Committee's determinations shall be conclusive and binding upon all parties.

SECTION 4. ELIGIBILITY AND PARTICIPATION

4.1 Eligibility. The Committee, in its sole discretion, shall determine the

Employees who are eligible to receive Awards under this Plan.

	
SECTION 5. BONUS AWARDS

     5.1 Bonus Award. The grant of an Award to an Employee will be evidenced by a cash payment by the Company to such Employee.

     (a) Payment of Bonus Awards. Awards granted by the Committee shall be paid as follows: (i) Up to 100% of the First Half Bonus Pool for 2007
will be paid out by the Company to Employees during the third calendar quarter of 2007; and (ii) Up to 100% of the Second Half Bonus Pool for 2007 will be paid out by the Company to Employees during the first calendar quarter of 2008.

     (b) Form of Payment. Awards will be payable in cash; provided, however, that if the sum of the First Half Bonus Pool for 2007 and the Second
Half Bonus Pool for 2007 exceeds the Bonus Pool Cash Target, then the Company may in its discretion: (i) pay any portion of such sum that is in excess of the Bonus Pool Cash Target in restricted stock units (RSUs) out of the Company’s Equity
Incentive Plan with vesting criteria determined by the Committee; (ii) reduce the amount of the Awards payable to the extent necessary so that the sum of the First Half Bonus Pool for 2007 and the Second Half Bonus Pool for 2007 does not exceed the
Bonus Pool Cash Target; or (iii) pay any portion of such sum that is in excess of the Bonus Pool Cash Target in cash or deferred cash upon additional terms determined by the Committee.

3

	
SECTION 6. RIGHTS OF EMPLOYEES

     6.1 Employment. Nothing in the Plan shall interfere with or limit in any way the right of the Company to terminate a Employee's employment at
any time or confer upon any Employee any right to continue in the employ of the Company. Notwithstanding anything to the contrary in this Plan, no Employee shall be entitled to receive any Award under this Plan until payment has been received by
such Employee.

SECTION 7. AMENDMENT AND MODIFICATION

     7.1 Amendment. The Board or the Committee, in its sole discretion, without notice, at any time and from time to time, may modify or amend, in
whole or in part, any or all of the provisions of the Plan, or suspend or terminate it entirely. Any interpretation by the Committee of the terms and provisions of the Plan and the administration thereof, and all action taken by the Committee, shall
be final and binding on Employees.

	
SECTION 8. MISCELLANEOUS

     8.1 Governing Law. The Plan and all agreements hereunder, shall be governed by and construed in accordance with the laws of the State of
Texas. 

     8.2 Withholding Taxes. The Company shall have the right to deduct from all payments under the Plan any Federal, state, provincial, or local
income and employment taxes required by law to be withheld with respect to such payments. 

     8.3 Gender and Number. Except where otherwise indicated by the context, any masculine term used herein also shall include the feminine, the
plural shall include the singular, and the singular shall include the plural. 

     8.4 Severability. In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall
not affect the remaining parts of the Plan and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included.

     8.5 Costs of the Plan. All costs of implementing and administering the Plan shall be borne by the Company.

     8.6 Successors. All obligations of the Company under the Plan shall be binding upon and inure to the benefit of any successor to the Company,
whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company.

     8.7 Meaning of "Company". Any reference to the Company includes, if and to the extent applicable, a reference to any Subsidiary.

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