Further Education Fund Contributions. The Company shall pay a sum equal to 7.5% of the Executive's Base Salary and shall deduct 2.5% from the Executive's Base Salary to be paid on behalf of the Executive toward a further education fund. Use of these funds shall be in accordance with the by-laws of such fund.
Further Education Fund Contributions. The Company shall pay an amount equal to 7.5% of the Manager’s Salary and shall deduct 2.5% from the Manager’s Salary to be paid on behalf of the Manager toward a further education fund (“keren hishtalmut”) to be selected by the Manager. The amounts paid to the education fund shall be limited to those determined from time to time by the Israeli Tax Authorities, for which no tax applies.
Further Education Fund Contributions. The Company shall make monthly Further Education Fund contributions as follows: 7.5% of Salary paid by the Company on its account and 2.5% of Salary to be deducted by the Company from such Salary to be paid on your account, in each case up to the ceiling recognized by the income tax authorities from time to time, but not otherwise. You shall bear any and all taxes applicable in connection with amounts payable by you and/or Company to the said Further Education Fund.
Further Education Fund Contributions. From the first day of employment, the Company shall pay a sum equal to 7.5% of the Employee’s Base Salary and shall deduct 2.5% from the Employee’s Base Salary to be paid on behalf of the Employee toward a further education fund. Use of these funds shall be in accordance with the by-laws of such fund.
Further Education Fund Contributions. The Employee is entitled to elect to participate in a further education fund. Should the Employee so elect to participate in such a further education fund, The Company shall pay a sum equal to 7.5% of the Employee’s Salary and shall deduct 2.5% from the Employee’s Salary to be paid on behalf of the Employee toward a further education fund. Use of these funds shall be in accordance with the by-laws of the fund.
Further Education Fund Contributions. The Employee shall be entitled to join a continuing education fund (KEREN HISHTALMUT) to be calculated on his/her base salary, whereby 2.5% of his/her base salary shall be deducted and paid and the Employer shall contribute 7.5%, up to the maximum non-taxable amount.
Further Education Fund Contributions. Executive is entitled to elect to participate in a further education fund. Should Executive so elect to participate in such a further education fund, QBI shall pay a sum equal to 7.5% of Executive’s annual base compensation and shall deduct 2.5% from Executive’s annual base compensation to be paid on behalf of Executive toward a further education fund. Use of these funds shall be in accordance with the by-laws of the fund.
