Acs - Tech 80 Ltd Sample Contracts

Acs - Tech 80 Ltd – EMPLOYMENT CONTRACT (June 21st, 2005)

EXHIBIT 4.8 EMPLOYMENT CONTRACT EMPLOYMENT CONTRACT, dated as of NOVEMBER 29, 2004, between ACS-Tech80 Ltd. ("ACS" or the "COMPANY"), a State of Israel corporation with offices at Hamada Ave., Migdal Ha'amek, Israel 10500, and Ze'ev Kirshenboim, residing at 54 Oranim Street, Kiryat Tivon, Israel 36043 ("EMPLOYEE"). WHEREAS, Employee is the Company's controlling shareholder and has been acting as its CEO and President for many years, whether directly or as an employee of a management company owned by him; and WHEREAS , the Company desires to engage Employee to be directly engaged by it as its CEO, President and CFO, as well as for any present or future subsidiary, or affiliate of the Company, and any successor or assign thereof; and WHEREAS, Employee has agreed to be directly engaged by Company and to perform such services in accordance with the terms of this Agreement as specified

Acs - Tech 80 Ltd – 2001 STOCK PLAN (October 28th, 2004)

ACS - TECH 80 LTD. 2001 STOCK PLAN AMENDED AND RESTATED ON NOVEMBER 23, 2003 SECTION 1. ESTABLISHMENT AND PURPOSE.............................................................................3 SECTION 2. ADMINISTRATION........................................................................................7 (i) Committees of the Board of Directors.............................................................7 (ii) Authority of the Board of Directors..............................................................7 (iii) Indemnification of Members of Board of Directors or a Committee..................................6 SECTION 3. ELIGIBILITY...........................................................