Common use of Hours of Work and Rest Law Clause in Contracts

Hours of Work and Rest Law. Employee agrees and acknowledges that due to the Employee’s senior managerial position in the Company and the special degree of trust involved in the Position in which the Employee shall be employed, the Hours of Work and Rest Law, 1951 (the “Hours of Work and Rest Law”) does not apply to the Employee’s employment. The Employee acknowledges that the Monthly Salary (as defined hereunder) agreed upon reflects the requirements to work additional and irregular hours. Therefore, the Employee shall not be entitled to claim or receive payments or any additional compensation for overtime working hours, or work performed on Fridays, Saturdays or Jewish festival holidays. Notwithstanding the foregoing, the Employee shall not generally be required to work on Fridays, Saturdays or Jewish holidays.

Hours of Work and Rest Law. The Employee agrees and acknowledges that due to the Employee’s 's senior managerial position in the Company and the special degree amount of trust involved in the Position position in which the Employee shall be employed, the Hours of Work and Rest Law, 1951 (the “Hours of Work and Rest Law”) does not apply to the Employee’s 's employment. The Employee employee acknowledges that the set amount of the Monthly Salary (as defined hereunder) agreed upon reflects the requirements of the position to work additional and irregular hours. Therefore, the Employee shall not be entitled to claim or receive payments or any additional compensation pay for overtime working hours, or work performed on Fridays, Saturdays or Jewish festival holidays. Notwithstanding the foregoing, the Employee shall not generally be required to work on Fridays, Saturdays or Jewish holidays.