SEPARATION AGREEMENT AND RELEASESeparation Agreement and Release • August 10th, 2015 • Magicjack Vocaltec LTD • Telephone communications (no radiotelephone) • New Jersey
magicJack Vocaltec Ltd. (the “Company”) and Timothy McDonald (“Employee”) have agreed that Employee’s employment will terminate effective as of 5pm EST on June 5, 2015 (the “Separation Date”). Employee will receive severance in accordance with the terms of his Employment Agreement between the Company and Employee dated December 13, 2013 (the “Employment Agreement”). Employee will also receive additional compensation in connection with his separation of employment to which he would not otherwise be entitled under the Employment Agreement.
AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • August 10th, 2015 • Magicjack Vocaltec LTD • Telephone communications (no radiotelephone)
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").
Independent Contractor Agreement For Consulting ServicesIndependent Contractor Agreement • August 10th, 2015 • Magicjack Vocaltec LTD • Telephone communications (no radiotelephone) • Florida
This Independent Contractor Agreement (the “Agreement”) is made and entered into as of June 6, 2015 (the “Effective Date”) by and between magicJack Vocaltec Ltd., a company formed under the laws of the State of Israel, and all of its direct and indirect subsidiaries (collectively, the “Company”), and Timothy McDonald (the “Contractor”).
