Personal Employment Agreement
Entered into and signed in Lod on December 19, 2006
Therefore, it has been agreed and stipulated
by and between the parties as follows:
Nimrod Zehavi I.D. 032051302
Address 17 Shprinzak, Tel Aviv
Future I.T. Ltd. Private Company 51-355602-7
4 Hamelacha, Northern Industrial Area, Lod
the Company offered the Employee to be employed thereby as a full time salaried employee; and
the Employee accepted the offer; and
the parties wish to regulate their mutual rights and obligations in connection therewith;
The preamble above constitutes an integral part of the agreement.
The date of commencement of work: September 1, 2005.
Scope of the position: Full time position – 5 days in a week.
Working hours: Senior employee and/or an employee in a fiduciary position, and based on an undertaking to perform the
work irrespective of the working hours component.
Employee’s Function: CEO of the Company.
Terms of Compensation:
Base salary – NIS 21,000 gross, beginning in January 2007.
The Employee’s salary shall be paid to the Employee at the end of each month of his employment, no later than the 10th
day of the following month.
In addition, the following bonus components exist:
NIS 9,000 quarterly bonus to be paid in the last salary of each quarter, i.e. in the salaries of: March, June,
Annual bonus at a minimum rate of two monthly salaries to be paid at the end of December each year.
Leave - The Employee shall be entitled to a leave in the period that is determined according to the law, but no less than 16
days in a year, and after coordination in advance and receipt of the Company's consent to the anticipated date of
commencement of the leave. Unutilized leave cannot be accrued or redeemed other than with the Company's prior written
7. Mobile Telephon