Amendment to Third Amended and Restated Employment Agreement between Arotech Corporation, Epsilor-Electric Fuel Ltd., and Steven Esses
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Summary
This letter agreement amends the employment agreement between Arotech Corporation, Epsilor-Electric Fuel Ltd., and Steven Esses. Effective retroactively from September 1, 2013, Steven Esses' monthly base salary is increased to NIS 97,115. All other terms of the original employment agreement remain unchanged. The amendment becomes binding upon Steven Esses' signature.
EX-10.2 3 ex10-2.htm EX-10.2 ex10-2.htm
Exhibit 10.2
 | Arotech Corporation 1229 Oak Valley Drive Ann Arbor, Michigan 48108 Tel: ###-###-#### Fax: ###-###-#### http://www.arotech.com Nasdaq Global Market: ARTX Writer’s direct dial: +972-2 ###-###-#### Writer’s direct fax: +972-2 ###-###-#### Writer’s e-mail: ***@*** |
November 13, 2013
Mr. Steven Esses
c/o Arotech Corporation
1229 Oak Valley Road
Ann Arbor, Michigan 48108
Re: Third Amended and Restated Employment Agreement
Dear Steven:
In connection with your Third Amended and Restated Employment Agreement with Arotech Corporation and Epsilor-Electric Fuel Ltd. (collectively, the “Company”) effective as of May 1, 2013 (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.
Notwithstanding the terms of Section 3(a) of the Agreement, your monthly base salary will be adjusted to NIS 97,115 per month, retroactive to September 1, 2013.
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/Robert S. Ehrlich | |
| Robert S. Ehrlich | |||
| Chairman and Chief Executive Officer | |||
| EPSILOR-ELECTRIC FUEL LTD. | |||
| | By: | /s/Ronen Badichi | |
| Ronen Badichi | |||
| General Manager | |||
ACCEPTED AND AGREED:
| /s/Steven Esses | ||
| Steven Esses |
