Global Overtime. Despite the aforementioned, the Employee is aware that the employment relationship between the Employee and the Company is based on trust and the availability to work at irregular and flexible hours. The scope and requirement of the Employee’s position shall require the Employee, from time to time, to work beyond the regular work hours, and also on irregular days. Therefore, the Employee shall be paid on a monthly basis, in addition to the Employee’s Base Salary (as defined hereunder), a global amount as payment for global overtime hours (Hereinafter: “Global Overtime Pay”). The Global Overtime Pay, as set forth in Exhibit A, has been determined according to an estimation of the scope of work which the Employee shall be required to perform.
Global Overtime. 4.3.1. The scope and requirement of the Employee’s position shall require the Employee, from time to time, to work beyond the regular work hours, and also on irregular days. Therefore, the Employee shall be paid on a monthly basis, in addition to the Employee’s Base Salary (as defined hereunder), a global amount as payment for global overtime hours (Hereinafter: “Global Overtime Pay”) which reflects full compensation for the amount of overtime hours per month as set forth in Exhibit A hereto. The Global Overtime Pay, as set forth in Exhibit A, has been determined according to an estimation of the scope of work which the Employee shall be required to perform.
4.3.2. It is hereby agreed, that the Global Overtime Pay is conditional and is and shall be a real and true supplement above and beyond the Employee’s salary, and which according to the applicable law, is not to be taken into account as part of the Employee’s salary, for the purpose of calculating the Employee’s social entitlements or rights. However, without any obligation to do so under any applicable law, the Company shall include the Global Overtime Pay, which shall be taken into account as part of the Employee’s Monthly Salary (as defined herein), for the purpose of calculating the Employee’s social entitlements and rights according to this Agreement, including social benefits and severance payments. The Global Overtime Pay shall also be paid to the Employee in the case of the Employee’s absence from work due to vacation, sickness, reserve duty, etc.
