Exhibit 10.2
Termination Agreement
Made on April 20, 2005
Between
Ness Technologies Inc. (“the
Company”)
And
Yaron Garmazi (“the
Executive”)
WHEREAS – the Executive informed the
Company that he desires to voluntarily leave his position;
and
WHEREAS; the parties wish to define the various
terms relating to the termination of the Executive’s
employment;
It is therefore agreed as follows:
1.
The Executive will resign as Chief
Financial Officer on May 20, 2005.
2.
The Executive will continue to
provide consulting services to the Company from time to time as
requested by the Company until September 20, 2005 (the
“Termination Date”). The scope of the services will be
agreed between the parties.
3.
The Executive will be entitled to
his salary and benefits to which he is currently entitled (unless
such benefits are terminated for all Company executives) until
Termination Date. On the Termination Date, the Company will release
to the Executive his mangers insurance policy (including any
severance payment
