DAVID SCHAPIRO has served as our Executive Vice President of Markets & Products since April 2001, and our Executive Vice President of Business Development since April 2004.
Prior to this position and since 1994, he held various executive and management roles at ClickSoftware
, including Senior Vice President of Product Development, ClickSchedule Division General Manager, and Vice President of Business Development.From 1984 until 1994, Mr. Schapiro served in positions at Applied Materials, a semiconductor equipment manufacturer, Scitex Corporation, a digital printing system company, and ClickSoftware.Mr. Schapiro received a Bachelor of Science degree in Mathematics and Computer Science from Tel-Aviv University, and a Master of Science degree in Computer Science from Bar-Ilan University.Mr. Schapiro
recently resigned from our company.
The agreements provide that in the event the executive resigns his employment from the company or the executive is terminated by the Company without cause, the executive will be entitled to severance payments in amounts equal to twelve months of annual base salary as of the date of termination for Dr. BenBassat and three months of base salary as of the date of termination for Mr. Arvatz, Mr. Carmeli and Mr. Schapiro
(plus, in the case of Mr. Arvatz, Mr. Carmeli and Mr. Schapiro, a severance amount due in accordance with applicable law).