Advanced Study Fund. The Company shall, during the Employment Period, make monthly contributions on behalf of the Executive to a recognized Advanced Study Fund in an amount equal to 7.5% of the Executive’s salary. Any tax payable in respect of such contributions to such fund shall be paid by the Company. In addition the Company shall deduct 2.5% from the Executive’s salary which deduction shall also be paid to such Fund.
Appears in 3 contracts
Samples: Employment Agreement (Ness Technologies Inc), Employment Agreement (Ness Technologies Inc), Employment Agreement (Ness Technologies Inc)
Advanced Study Fund. The Company shall, during the Employment Period, make monthly contributions on behalf of the Executive to a recognized Advanced Study Fund in an amount equal to 7.5% of the Executive’s salary. Any tax payable in respect of such contributions to such fund shall be paid by the CompanyExecutive. In addition the Company shall deduct 2.5% from the Executive’s salary which deduction shall also be paid to such Fund. All deposits shall belong to the Executive.
Appears in 2 contracts
Samples: Employment Agreement (Ness Technologies Inc), Employment Agreement (Ness Technologies Inc)
