SEC Contract Filing

Filing Date: 2024-08-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ea021044301ex10-2_oramed.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT, DATED JUNE 6, 2024, BETWEEN ORAMED LTD. AND AVRAHAM GABAY
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.2</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Employment Agreement</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">This Employment Agreement is made on 6 day of
June 2024, by and between <B>Avraham Gabay</B>, an individual residing in Petakh Tikva, Israel (the &ldquo;<B>Executive</B>&rdquo;), and
<B>ORAMED Ltd., </B>a company incorporated under the laws of the State of Israel, with an address at Mamila 20, Jerusalem, Israel (the
&ldquo;<B>Company</B>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>WHEREAS,</B> the Company
has agreed to engage the Executive to serve in the role of Chief Financial Officer, Secretary and Treasurer of the Company and ORAMED
PHARMACEUTICALS INC. in accordance with the terms as described below.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE, </B>the
Company and the Executive agree as follows:</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="text-transform: none"><B>1.</B></FONT></TD><TD STYLE="text-align: justify"><B><U>ENGAGEMENT</U></B></TD></TR></TABLE>

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<TD STYLE="width: 9pt"></TD><TD STYLE="width: 36pt">1.1</TD><TD STYLE="text-align: left"><U>Engagement of Executive.</U> The Company hereby agrees to employ the Executive in accordance with the
terms and provisions hereof.</TD></TR></TABLE>

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<TD STYLE="width: 9pt"></TD><TD STYLE="width: 36pt">1.2</TD><TD STYLE="text-align: left"><U>Term.</U> The term of employment under this Agreement shall commence on June 10, 2024 (the&nbsp;&ldquo;<B>Effective
Date</B>&rdquo;) on a 50% basis and starting June 18, 2024 on a 100% basis and shall continue until terminated by either party as provided
herein (the &ldquo;<B>Term</B>&rdquo;).</TD></TR></TABLE>

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<TD STYLE="width: 9pt"></TD><TD STYLE="width: 36pt">1.3</TD><TD STYLE="text-align: justify"><U>Service.</U></TD></TR></TABLE>

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<TD STYLE="width: 14.75pt"></TD><TD STYLE="width: 36pt">(a)</TD><TD STYLE="text-align: left">As of June 18, 2024, the Executive shall serve in the role of Chief Financial Officer, Secretary and Treasurer
of the Company and ORAMED PHARMACEUTICALS INC. (the &ldquo;<B>Parent</B>&rdquo;).</TD></TR></TABLE>

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<TD STYLE="width: 14.75pt"></TD><TD STYLE="width: 36pt">(b)</TD><TD STYLE="text-align: left">Scope of service &ndash; from the Effective Date, the Executive shall perform his work on the basis of
a full-time position. The Company&rsquo;s standard working days and hours are 5 days a week between Sunday and Thursday, four days of 9 gross
hours (including lunch and rest breaks) per day and one shorten day of 8 gross hours including breaks. The working hours of the Executive
shall be as required by the nature of the Executive&rsquo;s position in the Company, including during additional and overtime hours if
it is so required in order to fulfill the Executive&rsquo;s obligations according to this Agreement. The regular weekly rest day is Saturday.</TD></TR></TABLE>

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<TD STYLE="width: 14.75pt"></TD><TD STYLE="width: 36pt">(c)</TD><TD STYLE="text-align: left">In consid