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Management Services Agreement
Management Services Agreement (10K)
Doc #191641: Click preview link for longer preview.
MANAGEMENT SERVICES AGREEMENT
THIS MANAGEMENT SERVICES AGREEMENT (the "Agreement") is made effective the 1st day of January, 2003, by and between ORBIT/FR, Inc., a Delaware corporation, ("Orbit") and Zeev Stein Properties, LTD (the "Management Company"), an Israeli corporation wholly owned by Zeev Stein ("Stein").
BACKGROUND
Stein has provided management services (the "Management Services") to Orbit since December 31, 1998 in the capacity as Chairman. Effective September 5, 2001, Stein and Orbit entered into an employment agreement (the "Employment Agreement") providing for the continuing services of Stein, in the capacity as employee, under the terms of the Employment Agreement. The parties desire to discontinue the direct employment relationship, and instead provide for the delivery of the Management Services by Stein as an employee of the Management Company.
NOW, THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
1. Engagement. Orbit hereby engages the Management Company to provide the Management Services. The parties acknowledge that the scope of the Management Services to be provided hereunder shall be consistent with the Management Services provided by Stein under the Employment Agreement.
2. Performance by Stein. The Management Company shall not perform the Management Services by any person other than Stein without the prior approval of Orbit.
3. Management Fees. In consideration for its delivery of the Management Services, pursuant to this Agreement, Orbit shall pay the Management Company a fee (the "Management Fees") at an annual rate of $133,000, plus applicable VAT. The Management Fees shall be paid by Orbit during the term hereof in equal monthly installments, against invoices, in the amount of $11,083.33 plus VAT each.
4. Expense Reimbursement. Orbit shall further arrange for, or reimburse the Management Company for, all normal items of travel (business class) and entertainment and miscellaneous expenses reasonably incurred by Stein or the Management Company on behalf of Orbit in the course of performing the Management Services, provided that such expenses are documented and submitted to Orbit.
5. Confidentiality. The Management Company recognizes and acknowledges that it will obtain Proprietary Information (as hereinafter defined) of Orbit and its affiliates in the course of the delivery of the Management Services. The Management Company further recognizes and acknowledges that the Proprietary Information is a valuable, special and unique
191641
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ORBIT/FR
As referenced in this Management Services Agreement:
ORBIT/FR, Inc. – ZE'EV STEIN PROP
{TEXT}
{PAGE}
EXHIBIT 10.9
MANAGEMENT SERVICES AGREEMENT
THIS MANAGEMENT SERVICES AGREEMENT (the "Agreement") is made
effective the 1st day of January, 2003, by and between ORBIT/FR, Inc. , a
Delaware corporation, ("Orbit") and Zeev Stein Properties, LTD (the "Management
Company"), an Israeli corporation wholly owned by Zeev Stein ("Stein").
BACKGROUND
Stein has provided management services (the "Management _____________
Orbit/FR, Inc. – account of his employment through the effective time of
this Agreement.
{PAGE}
IN WITNESS WHEREOF, the parties hereto, intending to be bound, have
executed this Agreement on the date aforesaid.
Orbit/FR, Inc. [_______________]
By: _______________________ By: _________________________
Zeev Stein, President
Zeev Stein hereby confirms his consent to be bound by the terms of this
Management Services Agreement.
_______________________________
Zeev Stein
{/TEXT}
{/ _____________
dt 1457739
;
ORBIT/FR
As referenced in this Management Services Agreement:
ORBIT/FR, Inc. – ZE'EV STEIN PROP
{TEXT}
{PAGE}
EXHIBIT 10.9
MANAGEMENT SERVICES AGREEMENT
THIS MANAGEMENT SERVICES AGREEMENT (the "Agreement") is made
effective the 1st day of January, 2003, by and between ORBIT/FR, Inc. , a
Delaware corporation, ("Orbit") and Zeev Stein Properties, LTD (the "Management
Company"), an Israeli corporation wholly owned by Zeev Stein ("Stein").
BACKGROUND
Stein has provided management services (the "Management _____________
Orbit/FR, Inc. – account of his employment through the effective time of
this Agreement.
{PAGE}
IN WITNESS WHEREOF, the parties hereto, intending to be bound, have
executed this Agreement on the date aforesaid.
Orbit/FR, Inc. [_______________]
By: _______________________ By: _________________________
Zeev Stein, President
Zeev Stein hereby confirms his consent to be bound by the terms of this
Management Services Agreement.
_______________________________
Zeev Stein
{/TEXT}
{/ _____________
dt 1457740
;
| Zeev Stein Properties, LTD;
Orbit Fr Inc
|
| Preview
Full Doc
 | 2003 |
Management Services Agreement
Management Services Agreement (10K)
Doc #1134907: Click preview link for longer preview.
MANAGEMENT SERVICES AGREEMENT
THIS MANAGEMENT SERVICES AGREEMENT (the "Agreement") is made
effective the 1st day of January, 2003, by and between ORBIT/FR, Inc., a
Delaware corporation, ("Orbit") and Zeev Stein Properties, LTD (the "Management
Company"), an Israeli corporation wholly owned by Zeev Stein ("Stein").
BACKGROUND
Stein has provided management services (the "Management Services")
to Orbit since December 31, 1998 in the capacity as . . .
1134907
|
ORBIT/FR
As referenced in this Management Services Agreement:
ORBIT/FR, Inc. – lt;TEXT>
<PAGE>
EXHIBIT 10.9
MANAGEMENT SERVICES AGREEMENT
THIS MANAGEMENT SERVICES AGREEMENT (the "Agreement") is made
effective the 1st day of January, 2003, by and between ORBIT/FR, Inc. , a
Delaware corporation, ("Orbit") and Zeev Stein Properties, LTD (the "Management
Company"), an Israeli corporation wholly owned by Zeev Stein ("Stein").
BACKGROUND
Stein has provided management services (the "Management _____________
Orbit/FR, Inc. – his employment through the effective time of
this Agreement.
<PAGE>
IN WITNESS WHEREOF, the parties hereto, intending to be bound, have
executed this Agreement on the date aforesaid.
Orbit/FR, Inc. [_______________]
By: _______________________ By: _________________________
Zeev Stein, President
Zeev Stein hereby confirms his consent to be bound by the terms of this
Management Services Agreement.
_______________________________
Zeev Stein
</ _____________
dt 1740217
;
|
ORBIT/FR
As referenced in this Management Services Agreement:
ORBIT/FR, Inc. – lt;TEXT>
<PAGE>
EXHIBIT 10.9
MANAGEMENT SERVICES AGREEMENT
THIS MANAGEMENT SERVICES AGREEMENT (the "Agreement") is made
effective the 1st day of January, 2003, by and between ORBIT/FR, Inc. , a
Delaware corporation, ("Orbit") and Zeev Stein Properties, LTD (the "Management
Company"), an Israeli corporation wholly owned by Zeev Stein ("Stein").
BACKGROUND
Stein has provided management services (the "Management _____________
Orbit/FR, Inc. – his employment through the effective time of
this Agreement.
<PAGE>
IN WITNESS WHEREOF, the parties hereto, intending to be bound, have
executed this Agreement on the date aforesaid.
Orbit/FR, Inc. [_______________]
By: _______________________ By: _________________________
Zeev Stein, President
Zeev Stein hereby confirms his consent to be bound by the terms of this
Management Services Agreement.
_______________________________
Zeev Stein
</ _____________
dt 1740221
|
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