Gross Salary. The Monthly Salary and all amounts required to be paid to the Executive by law represent the Executive’s gross salary, and include all of the salary components and various supplements and benefits and/or all supplements under any law and/or expansion order and/or any special or general collective bargaining agreement that may apply to the relations between the Company and the Executive. It is hereby acknowledged and agreed that all payments to the Executive by the Company, including, without limitation, the Monthly Salary and other benefits and payments of any kind, as provided in this Agreement are, unless otherwise required by law, stated in gross figures, and there shall be deducted therefrom all relevant taxes and/or charges that shall apply to them, at the time of their payment, pursuant to any applicable law.
Gross Salary. The Monthly Salary represents the Executive’s gross salary, and includes all of the salary components and various supplements and benefits and/or all supplements under any law and/or expansion order and/or any special or general collective bargaining agreement that may apply to the relations between the Company and the Executive. It is hereby acknowledged and agreed that all payments to the Executive by the Company, including, without limitation, the Monthly Salary and other benefits and payments of any kind, as provided in this Agreement are, unless otherwise required by law, stated in gross figures, and there shall be deducted therefrom all relevant taxes and/or charges that shall apply to them, at the time of their payment, pursuant to any applicable law.
Gross Salary. Gross salary includes any remuneration received by the Employee from the Employer.
Gross Salary. Gross Salary shall mean the gross amount of weekly wages paid to Employee as of the Termination of Employment. Gross Salary does not include the value of any other non-wage benefits provided to Employee, such as medical insurance, vacation, sick leave, or retirement benefits.
Gross Salary. During the term of this Agreement, and subject to the performance of the services required to be performed hereunder by Employee, the Company shall pay to Employee for all services rendered by Employee under this Agreement, a salary, payable not less often than monthly and in accordance with the Company's normal and reasonable payroll practices, a monthly gross amount equal to NIS thirty thousand (NIS 30,000) (the "GROSS SALARY"). The Gross Salary shall be reviewed by the Company on an annual basis or on each anniversary of this Agreement, at the Company's sole discretion. The Gross Salary was agreed between the parties, inter alia, in view of the fact that the Employee's Position, duties and responsibilities are of such nature that require a special degree of trust and that the Company cannot keep track of all overtime hours of the Employee.
Gross Salary. During the term hereof, and subject to the performance of the services required to be performed hereunder by Employee, the Company shall pay to the Employee for all services rendered hereunder, $250,000 as base salary, payable not less often than once per month and in accordance with the Company’s normal and reasonable payroll practices, a monthly gross amount equal to $20,833 (the “Gross Salary”). The Board of Directors will review the Gross Salary annually and, in its sole discretion, consider any increases it deems warranted at that time.
Gross Salary. During the term hereof, and subject to the performance of the services required to be performed hereunder by Employee, the Company shall pay to the Employee for all services rendered hereunder, $150,000 as annual base salary, payable not less often than once per month and in accordance with the Company’s normal and reasonable payroll practices, a monthly gross amount equal to $12,500 (the “Gross Salary”). Upon recommendation by the Executive Vice-Chairman and/or the CEO, the Board of Directors will review the Gross Salary annually and, in its sole discretion, consider any increases it deems warranted at that time.
Gross Salary. During the term hereof, and subject to the performance of the services required to be performed hereunder by Employee, the Company shall pay to the Employee for all services rendered hereunder, as salary, payable not less often than once per month and in accordance with the Company 's normal and reasonable payroll practices, a monthly gross amount equal to U.S. $16,500 (the "Gross Salary"). Until the Company receives permanent financing, $4,500 from each Gross Salary payment shall be deferred.
Gross Salary. During the term hereof, and subject to the performance of the services required to be performed hereunder by Employee, the Company shall pay to the Employee for all services rendered hereunder, as salary, payable not less often than once per month and in accordance with the Company 's normal and reasonable payroll practices, a monthly gross amount equal to U.S. $18,750 (the "Gross Salary"). Gross Salary shall be deferred in an amount equal to the percentage being paid by the Company to its other senior executive officers from time to time. Currently, the Company pays 60% of salaries up to the maximum amount of $10,000 monthly as gross salary to senior executive officers. The Gross Salary which is deferred shall be paid at such time and in accordance with the amount being paid to other Company senior executive officers. For the purposes of this Section 3.1 senior executive offices include the CEO , CFO and President.
Gross Salary a. During the Term of Employment, the Company shall pay to the Employee the gross monthly sum of NIS 77,000 (the “Base Monthly Salary”) less appropriate payroll taxes and other deductions. Salary shall be paid to the Employee every month, no later than the 9th day of any calendar month, for the previous month.
b. From the Monthly Salary, the following shall be deducted - income tax, social security, health payments and any other tax and/or loan and/or another payment which may be due from time to time on a payment paid by the Company to the Employee, and which should be deducted from the payment due to the Employee according to the law and/or the relevant regulations.
c. As set forth in this Agreement, the relationship between the parties does not apply to the Hours of Work and Rest, and as a result, the employee does not entitled to overtime hours pay.
d. In the event that a court or any other authorized body shall determine, contrary to the representations set forth above and below, that the Employee is entitled to an additional payment from the Company for the overtime hours, the Employee will be obligated to return the company 30% (thirty percent) of his base monthly salary, retroactive to the Commencement Date.
e. The Company shall be entitled to deduct any such repayments that should be returned by the Employee under this section from any amount that would be decided according to any judicial decision determining that the Company should pay the Employee for overtime hours.
f. An amount equal to 10% of the Annual Salary shall be considered as a special compensation for the obligations not to compete with the Company, as set forth in Appendix B below.