SUBSECTION A Clause Samples

SUBSECTION A. OF SECTION V of the Contract, CONTRACT NOT-TO-EXCEED AMOUNT AND PAYMENT PROCESSES, is amended to reflect a total not-to-exceed amount for the Contract is $868,250 and to add the following: A. The Contractor’s budget forms attached to Amendment No. 3 apply to Fiscal Years 2020 and 2021. The not-to-exceed amount for Fiscal Year 2020 is $173,650 and the not-to-exceed amount for Fiscal Year 2021 is $173,650. HHSC is not liable for payment in excess of these amounts during the relevant Fiscal Year. HHSC is not liable for payment that exceeds this amount during the term of this Contract.
SUBSECTION A. OF SECTION V of the Contract, CONTRACT NOT-TO-EXCEED AMOUNT AND PAYMENT PROCESSES, is amended to reflect a total not-to-exceed amount for the Contract is $675,810 and to add the following:
SUBSECTION A. (3) of Section 4. of the Plan Agreement is hereby amended effective April 1, 1999, by striking said subsection in its entirety and substituting the following new paragraph in lieu thereof:
SUBSECTION A. All grantees under the Company’s Share Ownership and Option Plan (2001, as amended 2003 & 2004 & 2005 & 2006) (the “IL Plan”) have provided ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ and/or Mr. Yehuda Zviel with a proxy for the exercise of all rights granted to them with respect to their shares and options, including voting rights, until the consummation of an IPO. All grantees under the Company’s Employee Share Option Plan (2002, as amended 2003 & & 2004 & 2005 & 2006) (the “US Plan”) have provided Wilson, Sonsini, ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ with a proxy for the exercise of all rights granted to them with respect to their shares and options, including voting rights, until the consummation of an IPO. See also the Current Articles, the Series BB-1/2 SPA, the Series BB-3 SPA and the SRA, with respect to appointment of directors and observers. During the Term of the Plenus Loan Agreement, Plenus is entitled to nominate a non-voting observer to the Board of Directors of the Company. Pursuant to the Intel Side Agreement dated July 31, 2002, Intel is entitled to appoint a non-voting observer to the Board of Directors of the Company and all committees thereof.
SUBSECTION A of Section 2.2 is hereby amended in its entirety to read as follows:
SUBSECTION A. All grantees under the Company’s Share Ownership and Option Plan (2001, as amended 2003 & 2004 & 2005 & 2006) (the “IL Plan”) have provided ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ and/or Mr. Yehuda Zviel with a proxy for the exercise of all rights granted to them with respect to their shares and options, including voting rights, until the consummation of an IPO. All grantees under the Company’s Employee Share Option Plan (2002, as amended 2003 & & 2004 & 2005 & 2006) (the “US Plan”) have provided the Company’s President with a proxy for the exercise of all rights granted to them with respect to their shares and options, including voting rights, until the consummation of an IPO. See also the Current Articles, the Series BB-1/2 SPA, the Series BB-3 SPA, the Series BB-4 SPA and the Current SRA, with respect to appointment of directors and observers. During the Term of the Plenus Loan Agreement, Plenus is entitled to nominate a non-voting observer to the Board of Directors of the Company. Pursuant to the Intel Side Agreement dated July 31, 2002, Intel is entitled to appoint a non-voting observer to the Board of Directors of the Company and all committees thereof. TheCompany has contracted to provide its directors and the directors of its wholly-owned subsidiary, Negevtech, Inc. (the “Subsidiary”), with Directors and Officers liability insurance with a coverage limit of US$5 million. TheCompany provided certain of its directors with Indemnification and Release Letters (whereby, inter alia, the Company released them from any liability due to a breach of their duty of care to the Company) with respect to acts or omissions taken or not taken in their capacity as directors and officers of the Company. As of Closing, the Company shall enter into Indemnification and Release Letters with additional three of its directors, subject to the approval of the shareholders of the Company for such engagement. In addition, the Founders and Arnon Gat received complementary Indemnification and Release Letters as Service Providers of the Company. ▇▇▇▇ ▇▇▇▇▇ (previously a director of the Company) and Rafi Yizhar, (currently a director of the Company), were granted options to purchase Ordinary Shares of the Company, according to Option Agreements dated December 31, 2002 (▇▇▇▇ ▇▇▇▇▇ – 10,000 options and Rafi Yizhar – 20,000 options). The Option Agreement with ▇▇▇▇ ▇▇▇▇▇ was amended on December 2004 and again on May 2006 in order to extend the exercise period of his options. In June 2006, the Company grant...
SUBSECTION A. Please see Sections 2.2 and 2.3 for certain agreements listed therein.
SUBSECTION A. Compensation of Consultant” is hereby revised to insert the following language: The Consultant shall be paid in the manner set forth in Exhibit B to the Agreement. Payment shall be made as specified in Exhibit B after approval by the Contract Administrator. Consultant will be reimbursed reasonable and necessary expenses incurred in connection with the delivery of Services according to the schedule of rates in Exhibit B. Total compensation payable for all Services performed, inclusive of expenses incurred, during the term of this Agreement as Amended shall not exceed Thirty-Five Thousand and no/100 dollars ($35,000.00).
SUBSECTION A of Section 1.5 of the Credit Agreement is hereby amended in its entirety to read as follows:
SUBSECTION A