Common use of Employment Position Clause in Contracts

Employment Position. 1.1. The Company desires to amend the employment engagement with the Employee and employ the Employee and the Employee desires to be employed by the Company pursuant to the terms set forth in this Agreement, as of the date indicated in Schedule A attached hereto (“Effective Date”) and until this Agreement shall be terminated in accordance with the provisions of Section 8 below (“Term”). 1.2. The Employee shall be employed on a full time basis in the position indicated in Schedule A attached hereto (“Position”). The Employee shall have the authority, functions, duties and responsibilities, as may be stipulated from time to time by the person or organ indicated in Schedule A attached hereto (“Direct Supervisor”) and shall report thereto. 1.3. The Employee shall perform his duties and obligations hereunder from the Company's offices or from any other place as shall be instructed, from time to time, by the Direct Supervisor. 1.4. Employee acknowledges that he is employed hereunder in a management position which requires a special degree of trust, and therefore, the Hours of Work and Rest Law 1951 (“Work and Rest Law”) and any other law amending or replacing such law, does not apply to you or to his employment with the Company. Employee acknowledges that the Salary set hereunder nevertheless includes within it consideration that would otherwise have been due to Employee pursuant to such law.