Employer Payments. a. To a pension fund, payments that are not less than 14 1/3% of the Exempt Wage or 12% of the Exempt Wage if the employer pays for his employee payments in addition to supplement severance pay to the severance pay fund or to insurance fund in the name of employee at a rate of 2 1/3% of the Exempt Wage. If the employer does not pay in addition to 12% the 2 1/3% as above, the payments will be in lieu of only 72% of the employee's severance pay;
Appears in 5 contracts
Samples: Employment Agreement (Therapix Biosciences Ltd.), Employment Agreement (Therapix Biosciences Ltd.), Employment Agreement (Therapix Biosciences Ltd.)