Education Fund. The Company shall pay a sum as high as the recognized deductible cap by the tax authorities, but in any event no more than 7.5% of the Salary and shall deduct 2.5% from the Salary to be paid on behalf of Employee toward an education fund. Use of these funds shall be in accordance with the by-laws of the fund. The Employee hereby grants his consent to such a deduction provided in this section herein.
Appears in 3 contracts
Samples: Employment Agreement (Brainstorm Cell Therapeutics Inc.), Employment Agreement (Brainstorm Cell Therapeutics Inc.), Employment Agreement (Brainstorm Cell Therapeutics Inc)
Education Fund. The In respect of the term commencing from the beginning of Employee’s employment in the Company, the Company shall pay a sum as high as the recognized deductible cap by the tax authorities, but in any no event no more than 7.5% of the Salary and shall deduct 2.5% from the Salary to be paid on behalf of Employee toward an a further education fund. Use of these funds shall be in accordance with the by-laws of the fund. The Employee hereby grants his consent to such a deduction provided in this section herein.
Appears in 2 contracts
Samples: Employment Agreement (Topspin Medical Inc), Employment Agreement (Topspin Medical Inc)
Education Fund. The Company shall pay a sum as high as the recognized deductible cap by the tax authorities, but in any event no more than 7.5% of the Salary and shall deduct 2.5% from the Salary to be paid on behalf of Employee toward an a further education fund. Use of these funds shall be in accordance with the by-laws of the fund. The Employee hereby grants his consent to such a deduction provided in this section herein.
Appears in 1 contract
Samples: Employment Agreement (Brainstorm Cell Therapeutics Inc)
Education Fund. The Company shall pay a sum as high as the recognized deductible cap by the tax authorities, but in any event no more than 7.5% of the Salary up to the above cap and shall deduct 2.5% from the Salary up to the above cap to be paid on behalf of Employee toward an education fund. Use of these funds shall be in accordance with the by-laws of the fund. The Employee hereby grants his consent to such a deduction provided in this section herein.
Appears in 1 contract
Samples: Employment Agreement (Brainstorm Cell Therapeutics Inc.)
Education Fund. The Company shall pay a sum as high as the recognized deductible cap by the tax authorities, but in any event no more than 7.5% of the Salary and shall deduct 2.5% from the Salary to be paid on behalf of Employee toward an a further education fund. Use of these funds shall be in accordance with the by-laws of the fund. The Employee hereby grants his her consent to such a deduction provided in this section herein.
Appears in 1 contract
Samples: Employment Agreement (Brainstorm Cell Therapeutics Inc)
