Amendment No. 1 to Report on Form 20-F
A CONTRACT OF EMPLOYMENT
Made and signed in Tel-Aviv on [DATE]
Commencement of Employment [DATE]
Europark -Yakum Industrial Zone
OF THE ONE PART
I. D. Card No.[-----]
OF THE OTHER PART
WHEREAS The Company is engaged in the planning development and marketing of components for rapid
AND WHEREAS The employee has been accepted by the Company and wishes to be employed by the
AND WHEREAS The Company wishes to employ the employee in the said position under the terms and
conditions of this contract as hereinafter specified;
AND WHEREAS The parties wish to make arrangements in writing in this contract settling the terms and
conditions of the employment of the employee in the Company and all as specified in detail hereafter in this
IT IS ACCORDINGLY DECLARED, STIPULATED AND AGREED BETWEEN THE PARTIES AS
1.1 The preamble to this contract constitutes an integral part hereof.
1.2 The division of the contract into clauses and the assignment of title headings to such clauses have been done
for reference purposes only and they shall not be used for the purposes of interpretation.
2. The Position and Definition thereof.
2.1 The employee will serve in the capacity of [TITLE].
2.2 Since the employee's position as stated in sub-clause 1 hereof is one requiring a special degree of personal
trust, the provisions of the Hours of Work and Rest Law 5711-1951 shall not apply to the employee and to his
employment in the Company.
2.3 The employee will comply with all such instructions and directives as pertain to his position in the Company,
given to him from time to time by his immediate superior director and directors of the Company.
2.4 The Company shall be entitled to change the employee's place of work with his agreement, and this shall not
thereby be deemed to be a worsening o