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 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 be unconditionally transferred apply only up to you or the policies Agreed Amount. The Employees hereby waives and funds will be transferred relinquishes any amounts exceeding such Agreed Amount 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 applicablewhatsoever.”