Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - MAGICJACK VOCALTEC LTD | zk1517176.htm |
| EX-31.1 - EXHIBIT 31.1 - MAGICJACK VOCALTEC LTD | exhibit_31-1.htm |
| EX-10.3 - EXHIBIT 10.3 - MAGICJACK VOCALTEC LTD | exhibit_10-3.htm |
| EX-10.2 - EXHIBIT 10.2 - MAGICJACK VOCALTEC LTD | exhibit_10-2.htm |
| EX-32.2 - EXHIBIT 32.2 - MAGICJACK VOCALTEC LTD | exhibit_32-2.htm |
| EX-31.2 - EXHIBIT 31.2 - MAGICJACK VOCALTEC LTD | exhibit_31-2.htm |
| EX-32.1 - EXHIBIT 32.1 - MAGICJACK VOCALTEC LTD | exhibit_32-1.htm |
Exhibit 10.1
AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
This Amendment to Executive Employment Agreement ("Amendment') is entered into effective as of July 15, 2015 by and between magicJack VocalTec Ltd. (the "Company') and Gerald T. Vento ("Executive") for the purpose of amending the Executive Employment Agreement by and between the Company and Executive effective as of January 1, 2013 (the 'Agreement").
RECITALS
A. On May 26, 2015, the Company's Compensation Committee and its Board of Directors approved, subject to shareholder approval at the 2015 annual meeting of the Company's shareholders (the "Meeting"), a one year extension of the terms of the Agreement; and
B. The Company's shareholders approved the one year extension to Mr. Vento's Employment Agreement at the Meeting.
In consideration of the foregoing, the mutual covenants and obligations of the Company and the Executive under the Agreement, and other consideration the receipt and sufficiency of which is hereby acknowledged, the Company and the Executive agree to amend the Agreement as follows:
l. Term. Section 2 of the Agreement is hereby deleted and replaced with the following:
TERM OF AGREEMENT AND EMPLOYMENT. The term of the Executive's employment under this Agreement shall begin on the effective date of this Agreement, and terminate on December 31,2016.
2. Effect. Other than as specifically amended by this Amendment, the Agreement shall remain in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the Company and the Executive have executed and delivered this Amendment as of the date first above written.
MAGICJACK VOCALTEC LTD.
| Signature: | /s/ Donald A. Burns | ||||
| Donald A. Burns | |||||
| Chairman | |||||
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EXECUTIVE
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| Signature: | /s/ Gerald T. Vento | ||||
| Gerald T. Vento |