Common use of Insurance and Social Benefits Clause in Contracts

Insurance and Social Benefits. The Company will insure the Employee under a "Manager's Insurance Scheme" (the "Insurance Scheme") as follows: (i) the Company will pay an amount equal to 5% (five percent) of the Agreed Amount towards a fund for life insurance and pension; (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 (the "Company’s Severance Contribution"). Similarly, at the beginning of each month the Company shall deduct from the Salary an amount equal to 5% of the Agreed Amount for the preceding month, and shall pay such amount as premium payable in respect of the provident compensation component of the Insurance Scheme. Additionally, the Company together with the Employee will maintain an advanced study fund ("Keren Hishtalmut") and the Employee and the Company shall contribute to 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 an amount greater than the maximum amount exempt from tax payment under applicable laws. All of the Employee's aforementioned contributions shall be transferred to the above referred to plans and funds by the Company by deducting such amounts from each monthly Salary payment. For the 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 amended that, as of the Effective Date, the Employee’s monthly Salary shall be NIS 26,000. 2.3 Exhibit C to the Employment Agreement shall be deleted and replaced in its entirety with Exhibit C attached hereto.

Insurance and Social Benefits. 4.1 The Company will shall insure the Employee Employee: under a "an accepted “Manager's Insurance Scheme" ” or “Pension Fund” to be selected by the Employee; (hereinafter referred to as the "“Insurance Scheme"”) as follows: (i) the Company will shall pay an amount equal to 5% (five percent) of the Agreed Amount Salary towards a fund for life insurance or pension, and pensionshall deduct 5% from the Salary and pay such amount towards the Insurance Scheme for the Employee's benefit; (ii) the Company will pay an amount of up to shall also contribute 2.5% (two percent and one half of a percent) of the Salary for a fund towards insurance for the event of loss of working ability ("Ovdan Kosher Avoda")) in accordance with Company policy; and (iii) the Company will shall pay an amount equal to 8 1/38.33% (eight percent and one third of a percent) of the Salary towards a fund for severance compensation (the "Company’s Severance Contribution"). Similarly, at the beginning of each month the compensation. 4.2 The Company shall deduct from the Salary an amount equal to 5% of the Agreed Amount for the preceding month, and shall pay such amount as premium payable in respect of the provident compensation component of the Insurance Scheme. Additionally, the Company together with the Employee will shall maintain an advanced study fund ("Keren Hishtalmut") Hishtalmut Fund). The Company shall contribute to such Fund an amount equal to 7.5% of the Salary, and the Employee and the Company shall contribute to 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 Salary. Employee hereby instructs the Company deduct from each monthly Salary an to transfer to such fund the amount greater than the maximum amount exempt from tax payment under applicable laws. All of the Employee's aforementioned contributions shall be transferred to and the above referred to plans and funds 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 (the “Excess Amounts”), the Company shall deposit such Excess Amounts into the advanced study fund, and the Employee shall bear all taxes arising from the Excess Amounts. (It is further agreed and acknowledged by deducting such amounts 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 or any social or other employment benefits arising from each monthly Salary payment. For or based upon the purpose Excess Amounts.) 4.3 Upon termination of this Section 11 Agreement by the "Agreed Amount" Company or by the Employee, other than in circumstances justifying the non-payment of severance pay under applicable law, the Company shall mean NIS 20,000. The Employee acknowledges assign and agrees that Section 14 of the Severance Law will apply only up transfer to the Agreed AmountEmployee, 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. The Employees hereby waives and relinquishes any amounts exceeding such Agreed Amount In the event that this Agreement is terminated in any circumstances whatsoever.” 2.2 Section 8 justifying the non-payment of Exhibit A severance pay under applicable law, the Company, in its absolute discretion, may retain its payments to the Employment Agreement shall be amended that, as of the Effective Date, the Employee’s monthly Salary shall be NIS 26,000. 2.3 Exhibit C aforesaid Manager's Insurance Scheme which were paid according to sub-section 4.1(iii) above and release to the Employment Agreement shall be deleted employee all other sums contributed by both parties to aforesaid Manager's Insurance Scheme and replaced in its entirety with Exhibit C attached heretoKeren Hishtalmut Fund.

Insurance and Social Benefits. The Company will insure the Employee under a "“Manager's Insurance Scheme" ” (the "“Insurance Scheme"”) as follows: (i) the Company will pay an amount equal to 5% (five percent) of the Agreed Amount towards a fund for life insurance and pension; (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 (the "“Company’s Severance Contribution"”). Similarly, at the beginning of each month the Company shall deduct from the Salary an amount equal to 5% of the Agreed Amount for the preceding month, and shall pay such amount as premium payable in respect of the provident compensation component of the Insurance Scheme. Additionally, the Company together with the Employee will maintain an advanced study fund ("“Keren Hishtalmut"”) and the Employee and the Company shall contribute to 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 an amount greater than the maximum amount exempt from tax payment under applicable laws. All of the Employee's aforementioned contributions shall be transferred to the above referred to plans and funds by the Company by deducting such amounts from each monthly Salary payment. For the purpose of this Section 11 the "“Agreed Amount" ” shall mean NIS 20,000an amount which equals to four times “the average salary in Israel”. 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 amended that, as of the Effective Date, the Employee’s monthly Salary shall be NIS 26,000. 2.3 Exhibit C to the Employment Agreement shall be deleted and replaced in its entirety with Exhibit C attached hereto.

Insurance and Social Benefits. The Company will insure the Employee under a "Manager's Insurance Scheme" to be selected by the Employee and approved by the Company (the "Insurance Scheme") as follows: (i) the Company will pay an amount equal to 5% (five percent) of the Agreed Amount Salary towards a fund for life insurance and pension, and shall deduct an amount equal to 5% (five percent) of the Salary and pay such amount towards the Insurance Scheme for the Employee's benefit; (ii) the Company will 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 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 (the "Company’s Severance Contribution"). Similarly, at the beginning of each month the Company shall deduct from the Salary an amount equal to 5% of the Agreed Amount for the preceding month, and shall pay such amount as premium payable in respect of the provident compensation component of the Insurance Scheme. Additionally, the Company together with the Employee will maintain an advanced study fund ("Keren Hishtalmut") and the Employee and the Company shall contribute to such fund an amount equal to 2.5% (two percent and one half of a percent) of the Agreed Amount Salary and 7.5% (seven percent and one half of a percent) of the Agreed AmountSalary, respectively, provided however that 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 of the Employee's aforementioned contributions shall be transferred to the above referred to plans and funds by the Company by deducting such amounts from each monthly Salary payment. For Notwithstanding anything to the purpose of 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 11 will be transferred to the "Agreed Amount" Employee upon the termination of the Employee's employment 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 the same shall mean NIS 20,000constitute the full and only compensation to be paid by the Company to the Employee in such circumstances. The Employee acknowledges and agrees that agreement set forth in this provision is in accordance with Section 14 of the Severance Law will apply only up to Compensation Law, 1963, and in accordance with 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 amended that, as general approval of the Effective DateLabor Minister dated June 9, the Employee’s monthly Salary shall be NIS 26,000. 2.3 1998, promulgated under said Section 14, a copy of which is attached hereby as Exhibit C to the Employment Agreement shall be deleted and replaced in its entirety with Exhibit C attached hereto.C. Additional Benefits

Insurance and Social Benefits. The Company will insure the Employee under a "Manager's Insurance SchemePolicy" ("Bituach Menahalim") ("Policy") or a Pension Fund ("Pension Fund"), to be selected by the Employee. At the end of each month during the employment of Employee, the Company shall pay an aggregate amount equal to 13.33% of the Salary for the preceding month to the Policy or 14.33% of the Salary for the preceding month to the Pension Fund (the "Insurance SchemeCompany's Contribution") ), as follows: (ia) 8.33% for severance pay component; and (b)for savings and risk component, either (i)in the case of a Policy, 5%, subject to deduction of 5% from the Salary by the Employee, as detailed below; or (ii)in the case of a Pension Fund, 6%, subject to deduction of 5% from the Salary, as detailed below. In addition, if the Employee shall elect a Policy, the Company will shall pay an amount equal to 5% (five percent) of the Agreed Amount towards a fund for life insurance and pension; (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 loss of working capacity disability insurance (depending on the "cost to the Company necessary to provide coverage) to be purchased by the Company’s Severance Contribution"). Similarly, at the beginning of each month The Employee agrees that the Company shall deduct from the Salary an amount equal to 5% or 5% of the Agreed Amount Salary for the preceding month, and shall pay such amount as premium payable in respect of the provident compensation for savings and risk component of the Insurance SchemePolicy or the Pension Fund, as the case may be (the "Employee's Contributions"). If the Employee elects to be insured under a combination of the Policy and Pension Plan, the Employee may determine the allocation between the two, provided that, in any event the Company's contributions will not exceed the maximum amounts set forth above. Additionally, the Company together with the Employee will maintain an advanced study fund ("Keren Hishtalmut") and the Employee and the Company shall contribute to such fund an amount equal to 2.5% (two percent and one half of a percent) of the Agreed Amount Salary and 7.5% (seven percent and one half of a percent) of the Agreed AmountSalary, respectively, provided however that 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 of the Employee's aforementioned contributions shall be transferred to the above referred to plans and funds by the Company by deducting such amounts from each monthly Salary payment. For Any tax results for payments made for amounts greater than the purpose of this Section 11 maximum amount exempt from tax under applicable laws will bear upon 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 whatsoeveremployee.” 2.2 Section 8 of Exhibit A to the Employment Agreement shall be amended that, as of the Effective Date, the Employee’s monthly Salary shall be NIS 26,000. 2.3 Exhibit C to the Employment Agreement shall be deleted and replaced in its entirety with Exhibit C attached hereto.