EX-10.1 2 ex10-1.htm EX-10.1

 

Exhibit 10.1

 

Fourth Amendment: Transition to Hourly Compensation

 

 

 

Effective Date: December 1st 2025

 

Subject: Amendment to Compensation Structure

 

This letter serves as an official amendment to your existing employment agreement, specifically regarding your method of compensation.

 

The following change will take effect on the Effective Date stated above:

 

●From Global/Fixed Monthly Compensation: Your current compensation structure of a fixed, global monthly salary will be discontinued.
   
●To Hourly Wage: Your salary will transition to an hourly compensation basis. You will be compensated at an hourly rate of NIS 37 (thirty-seven New Israeli Shekels) per hour worked. In the event that the Company successfully secures a Significant Funding Round, the Company shall increase the Employee’s hourly rate of pay, provided that the increased rate shall not exceed NIS 300 (Three Hundred New Israeli Shekels) per hour. Any such increase will be determined solely by the Board of Directors or its designated Compensation Committee.

 

Key Details:

 

1.Work Hours and Prior Approval: All work hours, including regular hours and any potential overtime, must be approved in advance by the company chairman or a designated representative thereof. Work performed without prior approval may not be compensated.
   
2.Tracking: You will be required to accurately record and submit your working hours monthly.
   
3.Payment Schedule: You will receive your wages based on the hours recorded and approved for the preceding pay period.

 

All other terms and conditions outlined in your original employment agreement, including benefits and role responsibilities, remain unchanged and in full effect.

 

Please sign and return a copy of this amendment to acknowledge your understanding and acceptance of this revised compensation structure.

 

 

 

Employee :  
   
/s/ Ran Ziskind  
Ran Ziskind  
Company:  
   
I.R. Med Ltd.  
     
/s/ Oded Bashan  
By: Oded Bashan  
Title: Chairman