Second Amendment to Employment Agreement Between Ormat Nevada Inc. and Yeheskel Ram (June 4, 2006)
This amendment updates the employment agreement between Ormat Nevada Inc. and Yeheskel Ram. It changes the terms under which Mr. Ram can terminate his employment, specifying that he will receive his monthly salary for a 90-day notice period unless he chooses to shorten that period, in which case he will only be paid for the days worked. All other terms of the original agreement remain unchanged.
Exhibit 10.10.3
Amendment Number 2 to
Employment Agreement dated as of January 1, 2004
Between Ormat Nevada Inc and Yeheskel Ram (the Employment Agreement)
Entered this 4 day of June 2006
The Employment Agreement is hereby amended as follows:
Section 7.2 is being replaced in its entirety by the following Section 7.2.
Termination by Employee - - In case of termination of Employee's employment by Employee, Employee shall be entitled to received Employee's monthly salary during the 90 days period specified in paragraph 6.3, provided, however, that if Employee requests to shorten the 90 days notice period, Employee shall not be entitled to receive any payments for services for the period beyond the date services are provided.
All other terms of the Employment Agreement remain unchanged.
IN WITNESS WHEREOF, the parties have executed and entered into this Employment Agreement on the date set forth above.
 | EMPLOYEE |
| /s/ Yeheskel Ram |
| EMPLOYER |
| By: Yehudit Bronicki /s/ Yehudit Bronicki Its: President |
