ADDENDUM To Employment Agreement dated March 1, 2001
Exhibit
10.7
ADDENDUM
To
Employment Agreement dated March 1, 2001
This
Addendum, dated as of June 26, 2001 (the “Addendum”), to the EMPLOYMENT
AGREEMENT dated March 1, 2001 (the “Employment Agreement”), by and between IXI
Mobile, Inc., a Delaware corporation (the "Corporation"), and ▇▇▇▇ ▇▇▇▇▇▇
(the
"Employee"), sets forth as follows:
WHEREAS,
the
parties hereto desire to amend the Employment Agreement, effective upon the
execution of this Addendum, as more fully set forth herein.
NOW,
THEREFORE,
the
parties hereto hereby agree as follows:
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1.
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Notwithstanding
anything contained to the contrary in the Employment Agreement,
it is
hereby agreed as follows: (i) that the Employee’s Salary (as defined in
Section 3.1(a) thereof) shall be decreased to one hundred and fifty
thousand US dollars (US$150,000), beginning as of July 2001 (on
a
going-forward basis), and (ii) that the Employee shall not be entitled
to
the annual bonus of US$50,000 set forth in Section 3.1(a) of the
Employment Agreement.
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2.
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The
Employee hereby acknowledges that the aforesaid change of the Salary
shall
affect other payments the Employee is entitled to under other provisions
of the Agreement which are derived from such Salary, and declares
that he
irrevocably consents to such change of terms and that he shall
not have
any claim with regards to the above change of
terms.
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3.
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All
remaining provisions of the Employment Agreement shall remain
unchanged.
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4.
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This
Addendum constitutes an integral part of the Employment Agreement.
Any and
all capitalized terms contained herein, which are not defined in
this
Addendum, shall have the same meaning affixed to such terms in
the
Employment Agreement.
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IN
WITNESS WHEREOF,
the
parties hereto have executed this Addendum as of the date first above
written.
| EMPLOYEE | CORPORATION | ||
| ▇▇▇▇ ▇▇▇▇▇▇ | IXI Mobile, Inc. | ||
| /s/ ▇▇▇▇ ▇▇▇▇▇▇ | |||
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By:
/s/ ▇▇▇▇ ▇▇▇▇▇
Name:
▇▇▇▇ ▇▇▇▇▇
Title: Director
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▇▇▇▇▇▇▇▇
# ▇
To
Employment Agreement dated March 1, 2001
This
Addendum, dated as of January 1, 2006 (the “Addendum”), to the EMPLOYMENT
AGREEMENT dated March 1, 2001 (the “Employment Agreement”), by and between IXI
Mobile, Inc., a Delaware corporation (the "Corporation"), and ▇▇▇▇ ▇▇▇▇▇▇
(the
"Employee"), sets forth as follows:
WHEREAS,
the
parties hereto desire to amend the Employment Agreement, effective upon
the
execution of this Addendum, as more fully set forth herein.
NOW,
THEREFORE,
the
parties hereto hereby agree as follows:
|
1.
|
Notwithstanding
anything contained to the contrary in the Employment Agreement,
it is
hereby agreed as follows: (i) that the Employee’s Salary (as defined in
Section 3.1(a) thereof) shall be increased to two hundred thousand
US
dollars (US$200,000), beginning as of January 1, 2006 (on a going-forward
basis).
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|
2.
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All
remaining provisions of the Employment Agreement shall remain
unchanged.
|
|
3.
|
This
Addendum constitutes an integral part of the Employment Agreement.
Any and
all capitalized terms contained herein, which are not defined
in this
Addendum, shall have the same meaning affixed to such terms in
the
Employment Agreement.
|
IN
WITNESS WHEREOF,
the
parties hereto have executed this Addendum as of the date first above
written.
| EMPLOYEE | CORPORATION | ||
| ▇▇▇▇ ▇▇▇▇▇▇ | IXI Mobile, Inc. | ||
| /s/ ▇▇▇▇ ▇▇▇▇▇▇ | |||
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By:
/s/ ▇▇▇▇ ▇▇▇▇▇
Name:
▇▇▇▇ ▇▇▇▇▇
Title: CFO
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