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Title: |
Consulting Agreement |
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Date: |
2001 |
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Preview shows 2KB of 5KB total |
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Price: |
$40 |
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ID: |
#1134920 |
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<SEQUENCE>3
<FILENAME>w55051qex10-6.txt
<DESCRIPTION>CONSULTING AGREEMENT BETWEEN THE CO. & G. MELTZER
<TEXT>
<PAGE>
CONSULTING AGREEMENT
THIS CONSULTING AGREEMENT (the "Agreement") is made effective the 2nd
day of September, 2001, by and between ORBIT/FR, Inc., a Delaware corporation,
("Orbit") and Gurion Meltzer ("Meltzer").
BACKGROUND
Meltzer was elected as a director and Chair of the board of
director's executive committee, effective as of July 24, 2001. In such board
positions, Meltzer has been designated the power and responsibility to oversee
the operations and recovery (the "Task") of Orbit and its subsidiaries, in
coordination with Orbit's Chairman of the Board of Directors, Zeev Stein.
Meltzer has estimated that a period of 12 months of active engagement
on his part would be required to accomplish the Task, and has agreed to devote
his experience, time and attention to the accomplishment of the Task, in the
capacity as a consultant to Orbit. Orbit's management and board of directors,
as well as the management of Orbit-Alchut Technologies, Ltd., have pledged
their full support for Mr. Meltzer in pursuing the Task.
Meltzer and Orbit desire to enter into this agreement setting forth
the terms of Meltzer's engagement.
NOW, THEREFORE, in consideration of the mutual promises
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