Common use of Employer Payments Clause in Contracts

Employer Payments. (A) For Pension Fund are not less than 141/3% of the Exempted Salary or 12% of the Exempted Salary, if the Employer pays for his employee in addition, supplementary payments on behalf of the severance pay completion for a providence fund or Insurance Fund at the rate of 21/3% of the Exempted Salary. If the Employer does not pay in addition to the 12% also 21/3% as aforesaid, his payments will come in lieu of 72% of the severance pay of the employee only;

Appears in 2 contracts

Samples: Employment Agreement, Special Personal Employment Agreement (Foresight Autonomous Holdings Ltd.)

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Employer Payments. (A) For 1.1. To a Pension Fund are not less than 141/314.33% of the Exempted Salary or 12% of the Exempted Salary, Salary if the Employer employer pays for his employee its employee, in additionaddition to this, supplementary severance payments on behalf towards a Severance Pay Fund or an Insurance Fund in the name of the severance pay completion for employee at a providence fund or Insurance Fund at the rate of 21/32.33% of the Exempted Salary. If the Employer employer does not pay the said 2.33% in addition to the 12% also 21/3% as aforesaid%, his its payments will come shall be only in lieu of 72% of the employee’s severance pay of the employee only;pay.

Appears in 2 contracts

Samples: Employment Agreement (Ayala Pharmaceuticals, Inc.), Employment Agreement (Ayala Pharmaceuticals, Inc.)

Employer Payments. (A) For 1.1. To a Pension Fund are not less than 141/314.33% of the Exempted Salary Salary, or 12% of the Exempted Salary, Salary if the Employer employer pays for his employee its employee, in additionaddition to this, supplementary severance payments on behalf towards a Severance Pay Fund or an Insurance Fund in the name of the severance pay completion for employee at a providence fund or Insurance Fund at the rate of 21/32.33% of the Exempted Salary. If the Employer employer does not pay the said 2.33% in addition to the 12% also 21/3% as aforesaid%, his its payments will come shall be only in lieu of 72% of the employee’s severance pay of the employee only;pay.

Appears in 2 contracts

Samples: Employment Agreement (Ayala Pharmaceuticals, Inc.), Employment Agreement (Ayala Pharmaceuticals, Inc.)

Employer Payments. (A) For 1. To a Pension Fund are not less than 141/314 1/3 % of the Exempted Salary or 12% of the Exempted Salary, Salary if the Employer employer pays for his employee its employee, in additionaddition to this, supplementary payments on behalf severance payments, towards a Severance Pay Fund or an Insurance Fund in the name of the severance pay completion for employee, at a providence fund or Insurance Fund at the rate of 21/32 1/3% of the Exempted Salary. If the Employer employer does not pay the said 2 1/3% in addition to the 12% also 21/3% as aforesaid%, his its payments will come shall be only in lieu of 72% of the employee’s severance pay of the employee only;pay.

Appears in 1 contract

Samples: Employment Agreement (MaxQ AI Ltd.)

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Employer Payments. (Aa) For To a Pension Fund are not less than 141/314.33% of the Exempted Salary or 12% of the Exempted Salary, Salary if the Employer employer pays for his employee employee, in additionaddition to this, supplementary severance payments on behalf towards a Severance Pay Fund or an Insurance Fund in the name of the severance pay completion for employee, at a providence fund or Insurance Fund at the rate of 21/32.33% of the Exempted Salary. If the Employer employer does not pay the said 2.33% in addition to the 12% also 21/3% as aforesaid%, his its payments will come shall be only in lieu of 72% of the employee’s severance pay of the employee only;pay.

Appears in 1 contract

Samples: Employment Agreement (Brainstorm Cell Therapeutics Inc.)

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