Third Amendment to Employment Agreement between Arotech Corporation and Thomas J. Paup

Contract Categories: Human Resources › Employment Agreements
Summary

Arotech Corporation and Thomas J. Paup have agreed to extend the term of Mr. Paup's employment agreement. The new termination date is March 31, 2018, replacing the previous end date. All other terms and conditions of the original employment agreement remain unchanged. This amendment is effective upon both parties' signatures.

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EX-10.1 2 ex10-1.htm EX-10.1
 
Exhibit 10.1
 
 
Dean Krutty
Executive Vice President, Operations – North America and Acting CEO
Arotech Corporation


1229 Oak Valley Drive
Ann Arbor, Michigan 48108
Tel:  (734) 761-5836   Fax:  (734) 761-5368
http://www.arotech.com
Nasdaq Global Market: ARTX
Writer’s e-mail: ***@***
 
January 26, 2017
Mr. Thomas J. Paup
c/o Arotech Corporation
1229 Oak Valley Road
Ann Arbor, Michigan 48108
Re: Third Amended and Restated Employment Agreement
Dear Tom:
In connection with your Third Amended and Restated Employment Agreement with Arotech Corporation effective as of May 1, 2013, as amended (the “Agreement”), we wish to further 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 termination date of the Agreement is extended to March 31, 2018.
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/ Dean Krutty                                                        

Dean Krutty
Executive Vice President, Operations – North
America and Acting CEO

ACCEPTED AND AGREED:

                      /s/ Thomas J. Paup                          
 Thomas J. Paup