First Amendment to Employment Agreement between Arotech Corporation and Dean M. Krutty

Contract Categories: Human Resources › Employment Agreements
Summary

Arotech Corporation and Dean M. Krutty have agreed to amend their Employment Agreement dated March 16, 2017. The amendment changes the required notice period for non-renewal of the agreement from 120 days to 45 days before the end of the initial term. All other terms of the original agreement remain unchanged. This amendment is effective upon both parties signing the letter.

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EX-10.13.1 9 ex10-13_1.htm EX-10.13.1
Exhibit 10.13.1
 
Arotech Corporation
 
 
 
Jon B. Kutler
Chairman of the Board
 1229 Oak Valley Drive
Ann Arbor, Michigan 48108
Tel:  (734) 761-5836   Fax:  (734) 761-5368
http://www.arotech.com
Nasdaq Global Market: ARTX
 
 
August 30, 2017
VIA EMAIL
***@***

Mr. Dean Krutty
8025 Trillium Lane
Canton, Michigan 48187
              Re: Employment Agreement dated March 16, 2017
Dear Dean:
In connection with your Employment Agreement with Arotech Corporation dated March 16, 2017 (the “Agreement”), we wish to amend the Agreement in certain respects. All capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement.
1.
Notwithstanding the terms of Section 5 of the Agreement, the time period for giving written notice of Non-Renewal shall be forty-five (45) days prior to the end of the Initial Term and not one hundred twenty (120) days prior thereto.
 
In all other respects, the terms of the Agreement will govern the relationship between us.
If the foregoing is acceptable to you, kindly sign this letter in the space provided for your signature below, whereupon this letter will become a binding amendment to the Agreement.
Sincerely yours,
AROTECH CORPORATION

By:
  /s/ Jon B. Kutler                                   
Jon B. Kutler
Chairman of the Board

ACCEPTED AND AGREED:

/s/ Dean M. Krutty
Dean M. Krutty