Common use of Insurance and Social Benefits Clause in Contracts

Insurance and Social Benefits. The Company will insure you under a "Manager's Insurance Scheme" to be mutually agreed upon (the "Insurance Scheme") as follows: (i) the Company will pay, at its expense, an amount equal to 13 1/3% (thirteen percent and one third of a percent) of the Salary towards a fund for life insurance and pension, which includes an amount equal to 8 1/3% (eight percent and one third of a percent) of the Salary towards a fund for severance compensation and 5% (five percent) for pension (Gemel), and shall also deduct an amount equal to 5% (five percent) of the Salary and pay such amount towards the Insurance Scheme for your benefit; (ii) the Company will pay, at its expense, an amount of up to 2.5% (two percent and one half of a percent) of the Salary towards an insurance for the event of loss of working ability ("Ovdan Kosher Avoda"). Further, the Company will also open and maintain an advanced study fund ("Xxxxx Xxxxxxxxxx") on your behalf such that the Company shall contribute, at its expense, an amount equal to 7.5% (seven percent and one half of a percent) of the Salary and shall also deduct an amount equal to 2.5% (two percent and one half of a percent) of the Salary and pay such amount towards the Keren Hishtalmut for your benefit. All of your aforementioned contributions (i.e., not those which at the Company's expense) shall be transferred to the above referred to plans and funds by the Company by deducting such amounts from each monthly Salary payment. All amounts paid by the Company in accordance with this Section will be unconditionally transferred to you or the policies and funds will be transferred in your name, as applicable, upon the termination of your employment under any circumstances and for any reason whatsoever without limitation, provided that the same shall constitute the full and only compensation to be paid by the Company to you in such circumstances, as severance compensation or any other amounts you may be entitled to upon or due termination of your employment in accordance with any applicable law, rule or regulation, or any collective agreement or the like, except that the above shall not be deemed as derogating from remedies available for breach of contract and other unlawful acts or omissions, to the extent applicable.

Insurance and Social Benefits. The Company BIJ will insure you under a "an “Manager's ’s Insurance Scheme" ” to be mutually agreed upon selected by BIJ in coordination with you; or if so requested by you under your existing “Manager’s Insurance Scheme” (the "“Insurance Scheme"”) as follows: (i) the Company BIJ will pay, at its expense, pay an amount equal to 13 1/35% (thirteen percent and one third of a percent) of the Salary towards a fund for life insurance and pension, which includes an amount equal to 8 1/3% (eight percent and one third of a percent) of the Salary towards a fund for severance compensation and shall deduct 5% (five percent) for pension (Gemel), and shall also deduct an amount equal to 5% (five percent) of from the Salary and pay such amount towards the Insurance Scheme for your benefit; (ii) the Company BIJ will pay, at its expense, pay an amount of up to 2.5% (two percent and one half of a percent) of the Salary towards an insurance a fund for the event of loss of working ability ("Ovdan Kosher Avoda"); and (iii) BIJ will pay an amount equal to 8 1/3% of the Salary towards a fund for severance compensation. Further, the Company BIJ together with you will also open and maintain an advanced study fund ("Xxxxx Xxxxxxxxxx"Keren Hishtalmut Fund) on your behalf such that the Company you and BIJ shall contribute, at its expense, an amount equal contribute to 7.5% (seven percent and one half of a percent) of the Salary and shall also deduct such fund an amount equal to 2.5% (two percent and one half of a percent) of 7.5%, respectively, up to the Salary and pay such amount towards the Keren Hishtalmut for your benefitrelevant tax exempt ceiling. All of your Your aforementioned contributions (i.e., not those which at the Company's expense) shall contribution is to be transferred to the above referred to plans and funds such fund by the Company by deducting such amounts BIJ from each monthly Salary payment. All amounts paid by the Company BIJ in accordance with this Section will be unconditionally transferred to you or you, and all title and rights in the policies and funds will Insurance Scheme shall be transferred in your name, as applicableassigned to you, upon the termination of your employment under in any circumstances other than in case of termination of your employment for Cause, and for any reason whatsoever without limitation, provided that the same shall constitute the full and only compensation to be paid by the Company BIJ to you in such circumstances, as severance compensation or any other amounts you may be entitled to upon or due termination of your employment . The agreement set forth in this provision is in accordance with any applicable lawSection 14 of the Severance Compensation Law, rule or regulation1963, or any collective agreement or and in accordance with the likegeneral approval of the Labor Minister, except that promulgated under said Section 14, regarding employer’s payment to pension fund and insurance fund in lieu of severance pay pursuant to Section 14 of the above Severance Compensation Law, 1963; a copy of which is attached hereby as Exhibit C, which Schedule shall not be deemed as derogating from remedies available for breach of contract and other unlawful acts or omissions, signed by both parties to the extent applicablethis Agreement.

Insurance and Social Benefits. The 6.1. Subject to the terms of the Extension Order for Comprehensive Pension Insurance in the Industry pursuant to the Collective Agreements Law 5717-1957 (the "Extension Order") as may be amended from time to time, the Company will shall insure you the Employee at the Employee's choice either at a pension fund or under a "an accepted Manager's Insurance Scheme" , either of which to be mutually agreed upon selected by the Employee (the "Insurance Scheme"). In addition, the Employee will be entitled to have a study fund (Keren Hishtalmut) at his discretion of which the Company will pay 7.5% and 2.5% will be paid be the Employee. 6.2. With regard to Severance Pay Law (1963), notwithstanding any terms of the applicable extension order, the terms of section 14 of said law will not apply, and the following terms shall apply: 6.2.1 Upon termination of Employee’s employment in the Company by the Company (dismissal or retirement) for any reason other than for Cause (as followssuch term is defined in section 3.3 of the Agreement) the Company shall pay to the employee the severance payment due to him under the Severance Pay Law (1963), by way of (i) automatically releasing and transferring to Employee all rights and payments accrued in the Insurance Scheme (and filling and submitting all required forms in this regard); and (ii) where the amounts so accrued are smaller than the amount of severance payments due to the Employee as aforesaid - paying to the Employee the balance between such accumulated amounts and the severance fees due to Employee as aforesaid. 6.2.2 Upon Employee’s resignation of his employment in the Company for any reason other than for Cause the Company shall only automatically release and transfer to Employee all rights and payments accrued in the Insurance Scheme (and will fill and submit all required forms in this regard). 6.2.3 Notwithstanding anything above to the contrary, in any of the following events: (i) the Company will pay, at its expense, an amount equal to 13 1/3% (thirteen percent and one third event of a percent) of the Salary towards a fund termination for life insurance and pension, which includes an amount equal to 8 1/3% (eight percent and one third of a percent) of the Salary towards a fund for severance compensation and 5% (five percent) for pension (Gemel), and shall also deduct an amount equal to 5% (five percent) of the Salary and pay such amount towards the Insurance Scheme for your benefitCause; (ii) termination in circumstances that deny the Company will pay, at its expense, an amount of up Employee from the right to 2.5% receive severance payments under applicable law; or (two percent and one half of a percentiii) of the Salary towards an insurance for in the event of loss of working ability ("Ovdan Kosher Avoda"). Furtherresignation in circumstances where if not for Employee's resignation, the Company will also open and maintain an advanced study fund ("Xxxxx Xxxxxxxxxx") on your behalf such that could have dismissed the Company Employee for Cause – the Employee shall contribute, at its expense, an amount equal to 7.5% (seven percent and one half of a percent) of the Salary and shall also deduct an amount equal to 2.5% (two percent and one half of a percent) of the Salary and pay such amount towards the Keren Hishtalmut for your benefit. All of your aforementioned contributions (i.e., not those which at the Company's expense) shall be transferred to the above referred to plans and funds by the Company by deducting such amounts from each monthly Salary payment. All amounts paid by the Company in accordance with this Section will be unconditionally transferred to you or the policies and funds will be transferred in your name, as applicable, upon the termination of your employment under any circumstances and for any reason whatsoever without limitation, provided that the same shall constitute the full and only compensation to be paid by the Company to you in such circumstances, as severance compensation or any other amounts you may be entitled to upon or due termination of your employment any severance pay, and the funds accumulated in accordance with any applicable law, rule or regulation, or any collective agreement or the like, except that the above shall not Insurance Scheme towards severance pay will be deemed as derogating from remedies available for breach of contract and other unlawful acts or omissions, returned to the extent applicableCompany.

Insurance and Social Benefits. 4.1 The Company will shall insure you the Employee: under a an accepted "Manager's Insurance Scheme" or "Pension Fund" to be mutually agreed upon selected by the Employee; (hereinafter referred to as the "Insurance Scheme") as follows: (i) the Company will pay, at its expense, shall pay an amount equal to 13 1/35% (thirteen percent and one third of a percent) of the Salary towards a fund for life insurance and or pension, which includes an amount equal to 8 1/3% (eight percent and one third of a percent) of the Salary towards a fund for severance compensation and 5% (five percent) for pension (Gemel), and shall also deduct an amount equal to 5% (five percent) of from the Salary and pay such amount towards the Insurance Scheme for your the Employee's benefit; (ii) the Company will pay, at its expense, an amount of up to shall also contribute 2.5% (two percent and one half of a percent) of the Salary towards an insurance for the event of loss of working ability ("Ovdan Kosher Avoda"). Further, ) in accordance with Company policy; and (iii) the Company will also open shall pay an amount equal to 8.33% of the Salary towards a fund for severance compensation. 4.2 The Company and the Employee shall maintain an advanced study fund ("Xxxxx Xxxxxxxxxx") on your behalf such that the Keren Hishtalmut Fund). The Company shall contribute, at its expense, contribute to such Fund an amount equal to 7.5% (seven percent and one half of a percent) of the Salary Salary, and the Employee shall also deduct contribute to such fund an amount equal to 2.5% of the Salary. Employee hereby instructs the Company to transfer to such fund the amount of the Employee's and the Company's contribution from each monthly salary payment. For any amounts contributed by the Company and the Employee in terms hereof which exceed the maximum permitted under the Law for tax purposes (two percent the “Excess Amounts”), the Company shall deposit such Excess Amounts into the advanced study fund, and one half of a percent) the Employee shall bear all taxes arising from the Excess Amounts. (It is further agreed and acknowledged by the Employee that any Excess Amounts shall in no way be deemed to form part of the Salary and the Employee shall have no claim against the Company for any severance pay such amount towards or any social or other employment benefits arising from or based upon the Keren Hishtalmut for your benefit. All Excess Amounts.) 4.3 Upon termination of your aforementioned contributions (i.e., not those which at the Company's expense) shall be transferred to the above referred to plans and funds this Agreement by the Company by deducting such amounts from each monthly Salary payment. All amounts paid or by the Company Employee, other than in accordance with this Section will be unconditionally transferred to you or circumstances justifying the policies and funds will be transferred in your name, as applicable, upon the termination non-payment of your employment severance pay under any circumstances and for any reason whatsoever without limitation, provided that the same shall constitute the full and only compensation to be paid by the Company to you in such circumstances, as severance compensation or any other amounts you may be entitled to upon or due termination of your employment in accordance with any applicable law, rule or regulationthe Company shall assign and transfer to the Employee, or any collective agreement or after Employee has met all of Employee's obligations including, but not limited to, transfer all the like, except that the above shall not be deemed as derogating from remedies available for breach of contract and other unlawful acts or omissionsinformation related to his job, to his replacement as the extent applicablecompany shall assign, hereunder in connection with such termination of employment, the ownership in the aforesaid Manager's Insurance Scheme and Keren Hishtalmut Fund. In the event that this Agreement is terminated in circumstances justifying the non-payment of severance pay under applicable law, the Company, in its absolute discretion, may retain its payments to the aforesaid Manager’s Insurance Scheme which were paid according to sub-section 4.1(iii) above and release to the employee all other sums contributed by both parties to aforesaid Manager's Insurance Scheme and Keren Hishtalmut Fund.

Insurance and Social Benefits. The Company will insure you the CFO under a "Manager's one of the following Pension or Insurance Scheme" to schemes as will be mutually agreed upon selected by the CFO: Pension Fund (the "Insurance Pension Scheme") as follows: - (i) the Company will pay, at its expense, pay an amount equal to 13 1/36% (thirteen percent and one third of a percent) of the Salary towards a fund for life insurance Tagmulim; and pension, which includes (ii) the Company will pay an amount equal to 8 1/3% (eight percent and one third of a percent) of the Salary towards a fund for severance compensation (the “Company’s Severance Contribution”). Similarly, the Company shall deduct an amount equal to 5.5% of the Salary and shall pay such amount in respect of the Tagmulim component of the Pension Scheme; or "Manager's Insurance Scheme" (the "Insurance Scheme") - (i) the Company will pay an amount equal to 5% of the Salary towards a fund for Tagmulim; and (five percentii) the Company will pay an amount equal to 8 1/3% of the Salary towards a fund for pension severance compensation (Gemelthe “Company’s Severance Contribution”), and . Similarly the Company shall also deduct an amount equal to 5% (five percent) of the Salary, and shall pay such amount in respect of the Tagmulim component of the Insurance Scheme. Additionally, the Company shall pay an amount equals to 2.5% of the Salary and pay such amount towards the Insurance Scheme for your benefit; (ii) the Company will pay, at its expense, an amount of up to 2.5% (two percent and one half of a percent) of the Salary towards an insurance fund for the event of loss of working ability ("Ovdan Kosher Avoda"). Further, the Company will also open The above contributions and maintain an advanced study fund ("Xxxxx Xxxxxxxxxx") on your behalf such that the Company shall contribute, at its expense, an amount equal deductions are subject to 7.5% (seven percent applicable law and one half of a percent) of the Salary and shall also deduct an amount equal to 2.5% (two percent and one half of a percent) of the Salary and pay such amount towards the Keren Hishtalmut for your benefittherefore may be adjusted accordingly. All of your the CFO's aforementioned contributions (i.e., not those which at the Company's expense) shall be transferred to the above referred to plans and funds by the Company by deducting such amounts from each monthly Salary salary payment. All The contributions set out above shall be made with respect to the total amount of the Salary notwithstanding the maximum amounts paid by the Company in accordance with this Section will be unconditionally transferred to you or the policies and funds will be transferred in your name, as applicable, upon the termination of your employment exempt from tax payment under any circumstances and for any reason whatsoever without limitationapplicable laws, provided that the same CFO shall constitute the full and only compensation to be paid by the Company to you in such circumstances, as severance compensation or any other amounts you may be entitled to upon or due termination of your employment in accordance with any applicable law, rule or regulation, or any collective agreement or the like, except that the above shall not be deemed as derogating from remedies available for breach of contract and other unlawful acts or omissions, to the extent applicablebear all tax liability associated therewith.

Insurance and Social Benefits. The Company will insure you the Employee under a "Manager's Insurance Scheme" to be mutually agreed upon (the "Insurance Scheme") as follows: (i) the Company will pay, at its expense, pay an amount equal to 13 1/35% (thirteen percent and one third of a five percent) of the Salary Agreed Amount towards a fund for life insurance and pension, which includes ; (ii) the Company will pay an amount of up to 2.5% (two percent and one half of a percent) of the Salary for a fund for the event of loss of working ability ("Ovdan Kosher Avoda"); and (iii) the Company will pay an amount equal to 8 1/3% (eight percent and one third of a percent) of the Salary towards a fund for severance compensation and 5% (five percent) for pension (Gemelthe "Company’s Severance Contribution"). Similarly, and at the beginning of each month the Company shall also deduct from the Salary an amount equal to 5% (five percent) of the Salary Agreed Amount for the preceding month, and shall pay such amount towards as premium payable in respect of the provident compensation component of the Insurance Scheme for your benefit; (ii) the Company will pay, at its expense, an amount of up to 2.5% (two percent and one half of a percent) of the Salary towards an insurance for the event of loss of working ability ("Ovdan Kosher Avoda")Scheme. FurtherAdditionally, the Company together with the Employee will also open and maintain an advanced study fund ("Xxxxx XxxxxxxxxxKeren Hishtalmut") on your behalf such that and the Employee and the Company shall contribute, at its expense, an amount equal contribute to 7.5% (seven percent and one half of a percent) of the Salary and shall also deduct such fund an amount equal to 2.5% (two percent and one half of a percent) of the Agreed Amount and 7.5% (seven percent and one half of a percent) of the Agreed Amount, respectively, provided however that neither party shall contribute nor shall the Company deduct from each monthly Salary and pay such an amount towards greater than the Keren Hishtalmut for your benefitmaximum amount exempt from tax payment under applicable laws. All of your the Employee's aforementioned contributions (i.e., not those which at the Company's expense) shall be transferred to the above referred to plans and funds by the Company by deducting such amounts from each monthly Salary payment. All amounts paid by For the Company in accordance with purpose of this Section 11 the "Agreed Amount" shall mean NIS 20,000. The Employee acknowledges and agrees that Section 14 of the Severance Law will apply only up to the Agreed Amount. The Employees hereby waives and relinquishes any amounts exceeding such Agreed Amount in any circumstances whatsoever.” 2.2 Section 8 of Exhibit A to the Employment Agreement shall be unconditionally transferred to you or the policies and funds will be transferred in your nameamended that, as applicableof the Effective Date, upon the termination of your employment under any circumstances and for any reason whatsoever without limitation, provided that the same Employee’s monthly Salary shall constitute the full and only compensation to be paid by the Company to you in such circumstances, as severance compensation or any other amounts you may be entitled to upon or due termination of your employment in accordance with any applicable law, rule or regulation, or any collective agreement or the like, except that the above shall not be deemed as derogating from remedies available for breach of contract and other unlawful acts or omissions, NIS 26,000. 2.3 Exhibit C to the extent applicableEmployment Agreement shall be deleted and replaced in its entirety with Exhibit C attached hereto.

Insurance and Social Benefits. The Company will insure you the Employee under a "Manager's Insurance Scheme" to be mutually agreed upon selected by the Employee and approved by the Company (the "Insurance Scheme") as follows: (i) the Company will pay, at its expense, pay an amount equal to 13 1/35% (thirteen percent and one third of a five percent) of the Salary towards a fund for life insurance and pension, which includes an amount equal to 8 1/3% (eight percent and one third of a percent) of the Salary towards a fund for severance compensation and 5% (five percent) for pension (Gemel), and shall also deduct an amount equal to 5% (five percent) of the Salary and pay such amount towards the Insurance Scheme for your the Employee's benefit; (ii) the Company will pay, at its expense, pay an amount equal to 8 1/3% (eight percent and one third of up to a percent) of the Salary towards the Insurance Scheme or other fund for severance compensation selected by the Company; and, in addition (iii) the Company will pay the required percentage but not more than 2.5% (two percent and one half of a percent) of the Salary towards an insurance for a fund for the event of loss of working ability ("Ovdan Kosher Avoda"). FurtherAdditionally, the Company together with the Employee will also open and maintain an advanced study fund ("Xxxxx XxxxxxxxxxKeren Hishtalmut") on your behalf such that and the Employee and the Company shall contribute, at its expense, an amount equal contribute to 7.5% (seven percent and one half of a percent) of the Salary and shall also deduct such fund an amount equal to 2.5% (two percent and one half of a percent) of the Salary and pay such amount towards 7.5% (seven percent and one half of a percent) of the Keren Hishtalmut for your benefitSalary, respectively. All of your the Employee's aforementioned contributions (i.e., not those which at the Company's expense) shall be transferred to the above referred to plans and funds by the Company by deducting such amounts from each monthly Salary payment. Notwithstanding anything to the contrary, neither party shall contribute nor shall the Company deduct from each monthly Salary an amount greater than the maximum amount exempt from tax payment under applicable laws. All amounts deducted and paid by the Company in accordance with this Section will be unconditionally transferred to you or the policies and funds will be transferred in your name, as applicable, Employee upon the termination of your the Employee's employment under in any circumstances other than in circumstances in which the Employee's entitlement to severance compensation may be denied by a court decision or in accordance with any applicable collective agreement or any other applicable law, rule or regulation, and for any reason whatsoever without limitation, provided that the same shall constitute the full and only compensation to be paid by the Company to you the Employee in such circumstances, as severance compensation or any other amounts you may be entitled to upon or due termination of your employment . The agreement set forth in this provision is in accordance with any applicable lawSection 14 of the Severance Compensation Law, rule or regulation1963, or any collective agreement or and in accordance with the likegeneral approval of the Labor Minister dated June 9, except that the above shall not be deemed 1998, promulgated under said Section 14, a copy of which is attached hereby as derogating from remedies available for breach of contract and other unlawful acts or omissions, to the extent applicable.Exhibit C. Additional Benefits

Insurance and Social Benefits. 4.1 The Company will shall insure you the Employee: under a "an accepted “Manager's Insurance Scheme" ” or “Pension Fund” to be mutually agreed upon selected by the Employee; (hereinafter referred to as the "“Insurance Scheme"”) as follows: (i) the Company will pay, at its expense, shall pay an amount equal to 13 1/35% (thirteen percent and one third of a percent) of the Salary towards a fund for life insurance and or pension, which includes an amount equal to 8 1/3% (eight percent and one third of a percent) of the Salary towards a fund for severance compensation and 5% (five percent) for pension (Gemel), and shall also deduct an amount equal to 5% (five percent) of from the Salary and pay such amount towards the Insurance Scheme for your the Employee's benefit; (ii) the Company will pay, at its expense, an amount of up to shall also contribute 2.5% (two percent and one half of a percent) of the Salary towards an insurance for the event of loss of working ability ("Ovdan Kosher Avoda"). Further, ) in accordance with Company policy; and (iii) the Company will also open shall pay an amount equal to 8.33% of the Salary towards a fund for severance compensation. 4.2 The Company and the Employee shall maintain an advanced study fund ("Xxxxx Xxxxxxxxxx") on your behalf such that the Keren Hishtalmut Fund). The Company shall contribute, at its expense, contribute to such Fund an amount equal to 7.5% (seven percent and one half of a percent) of the Salary Salary, and the Employee shall also deduct contribute to such fund an amount equal to 2.5% of the Salary. Employee hereby instructs the Company to transfer to such fund the amount of the Employee's and the Company's contribution from each monthly salary payment. For any amounts contributed by the Company and the Employee in terms hereof which exceed the maximum permitted under the Law for tax purposes (two percent the “Excess Amounts”), the Company shall deposit such Excess Amounts into the advanced study fund, and one half of a percent) the Employee shall bear all taxes arising from the Excess Amounts. (It is further agreed and acknowledged by the Employee that any Excess Amounts shall in no way be deemed to form part of the Salary and the Employee shall have no claim against the Company for any severance pay such amount towards or any social or other employment benefits arising from or based upon the Keren Hishtalmut for your benefit. All Excess Amounts.) 4.3 Upon termination of your aforementioned contributions (i.e., not those which at the Company's expense) shall be transferred to the above referred to plans and funds this Agreement by the Company by deducting such amounts from each monthly Salary payment. All amounts paid or by the Company Employee, other than in accordance with this Section will be unconditionally transferred to you or circumstances justifying the policies and funds will be transferred in your name, as applicable, upon the termination non-payment of your employment severance pay under any circumstances and for any reason whatsoever without limitation, provided that the same shall constitute the full and only compensation to be paid by the Company to you in such circumstances, as severance compensation or any other amounts you may be entitled to upon or due termination of your employment in accordance with any applicable law, rule or regulation, or any collective agreement or the like, except that the above Company shall not be deemed as derogating from remedies available for breach of contract assign and other unlawful acts or omissions, transfer to the extent applicableEmployee, after Employee has met all of Employee's obligations (including, but not limited to, transferring all the information related to his job to his replacement as the company shall assign), hereunder in connection with such termination of employment, the ownership in the aforesaid Manager's Insurance Scheme and Keren Hishtalmut Fund. In the event that this Agreement is terminated in circumstances justifying the non-payment of severance pay under applicable law, the Company, in its absolute discretion, may retain its payments to the aforesaid Manager's Insurance Scheme which were paid according to sub-section 4.1(iii) above and release to the employee all other sums contributed by both parties to aforesaid Manager's Insurance Scheme and Keren Hishtalmut Fund.