Exhibit 10.24
EMPLOYMENT AGREEMENT
This employment agreement (the "Agreement") is effective as of July 15, 1999 (the "Effective Date"), by and
between PARTEC LTD., an Israeli company with its principal place of business at Sha'arei Ha'ir, 216 Jaffa
Road, Jerusalem (the "Company") and BOB TRACHTENBERG, I.D. No. 310977764, of Gidon 22, Jerusalem
(the "Employee").
WHEREAS the Employee has been employed by the Company as General Counsel and Secretary since 18
October 1998;
WHEREAS the Company desires to continue to employ the Employee in the position of General Counsel and
Secretary (the "Position");
WHEREAS the Employee desires have his employment continued by the Company and fulfill the responsibilities
of the Position; and
WHEREAS the parties desire to set forth the conditions of employment pursuant to which the Employee will be
continued to be employed by the Company;
IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES AS FOLLOWS:
1. PREAMBLE
The preamble to this Agreement and any attachments thereto are an integral part of this Agreement.
2. JOB DESCRIPTION
The Employee shall be responsible for the managing the legal and corporate activities of the Company. He shall
report directly to the Chief Executive Officer. The description of responsibilities set forth herein shall serve as a
general statement of the duties, responsibilities and authority of the Employee. Additional duties, responsibilities
and authority may be assigned to the Employee by the Chief Executive Officer from time to time in his discretion.
3. WORKING HOURS
The Employee shall be employed by the Company on a full-time basis, namely for not less than forty-four (44)
hours per week (inclusive of meal time). The Employee agrees that his position is considered to be a management
position as defined in the Hours of Work and Rest Law - 1951, which requires a special measure of personal
trust. Accordingly, the provisions of the Hours of Work and Rest Law - 1951 shall not apply and the Employee
shall not be entitled to