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1
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COMPLAINT
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EXTRACTED KEY WORDS
EXTENSION PLAN TRABELSI EXTENSION LETTER EXERCISE EXERCISE PERIOD EMPLOYMENT OPTIONS EXPIRE STOCK OPTIONS EXHIBIT DIRECTORS TERMINATION PURSUANT RESOLUTION CONTENDS AWARD AUTHORITY INCORPORATES AVIV COURT FIDUCIARY DUTIES PURPORTED EXTENSION COMMON STOCK PURPOSES EXECUTE DETERMINATION VIOLATION AGREEMENT REASON |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
ORBIT/FR, INC.,
Plaintiff,
V.
ARYEH TRABELSI,
Defendant.
COMPLAINT
Plaintiff Orbit&R, Inc. ("Orbit") hereby files this Complaint against defendant
Aryeh Trabelsi ("Trabelsi") and avers the following:
NATURE OF THIS ACTION
1. Through this action, Orbit seeks to be compensated for Trabelsi's breach
of his fiduciary duties owing to Orbit in his capacity as a director of Orbit, and it further seeks
declaration that a certain purported extension of the period during which Trabelsi could exercise
certain options to acquire Orbit common stock is invalid.
THE PARTIES
2. Orbit is a Delaware corporation with its principal place of business in
Horsham, Pennsylvania. Orbit develops microwave antenna measurement systems.
3. Upon information and belief, Trabelsi is a permanent resident alien of the
Unites States for immigration purposes (not a United States citizen), who presently resides in
Israel. At all times relevant to this action, Trabelsi resided in Huntingdon Valley, Pennsylvania
and was employed in Horsham, Pennsylvania. Trabelsi was named Orbit's president and chief
executive officer ("CEO") and was appointed to membership on Orbit's board of directors (the
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