Keren Hishtalmut Fund. The Company and Executive shall open and maintain a Keren Hishtalmut Fund. The Company shall contribute to such Fund an amount equal to 7-1/2% of each monthly Salary payment, and Executive shall contribute to such Fund an amount of up to 2-1/2% of each monthly Salary payment. Executive hereby instructs the Company to transfer to such Fund the amount of Executive's and the Company's contribution from each monthly Salary payment. Notwithstanding the above, if the amounts to be contributed to the Keren Hishtalmut Fund will exceed the amount exempt from tax pursuant to the applicable tax regulations, any amount so exceeding shall not be transferred to such Fund but shall be added to the Salary.
Keren Hishtalmut Fund. The Company and Executive shall maintain a ‘Keren Hishtalmut’ Fund (the “Keren Hishtalmut Fund”). The Company shall contribute to such Keren Hishtalmut Fund an amount equal to 71/2% of 80% of the Base Salary, and Executive shall contribute to the Keren Hishtalmut Fund an amount equal to 21/2% of 80% of the Base Salary. Executive hereby instructs the Company to transfer to such Keren Hishtalmut Fund the amount of Executive’s contribution from each Base Salary. In the event of payments to the Keren Hishtalmut Fund that exceed the amounts equal to the aforesaid percentages of the Effective Salary as defined in Section 3(e) of the Income Tax Ordinance, such additional amount shall be recognized as ordinary income for Tax purposes on the date of contribution to such Keren Hishtalmut Fund.
Keren Hishtalmut Fund. In the event that the Employer decides to continue the employment of the Employee upon the completion of the first year of employment, then at the end of each month during the employment of the Employee hereunder (or such other day as is consistent with the Company’s general practices), the Company shall pay an amount equal to 71/2% of the Employee’s monthly Basic Salary for the preceding month, but in no event an amount which exceeds the amount deductible by the Company for tax purposes, to a Keren Hishtalmut Fund as recognized by the Income Tax Authorities designated by the Company, or if agreed to by the Company, designated by the Employee (the “Fund”), and shall deduct from the Basic Salary of the Employee an amount equal to up to 21/2% of the Employee’s monthly Basic Salary for the preceding month and pay the same on behalf of the Employee, to the Fund.
Keren Hishtalmut Fund. At the end of each month during the employment of the Employee hereunder, the Company will pay an amount equal to 7.5% (seven and one-half percent) of the Base Salary to a Keren Hishtalmut Fund designated by the Employee (the "FUND") ("the Company's Payment to the Fund"), and will deduct from each payment of the Base Salary and pay to such Fund an amount equal to 2.5% of the Base Salary, which shall constitute the Employee's contribution to such Fund, provided.
Keren Hishtalmut Fund. After 6 month from the Effective date, at the end of each month during the employment of the Employee hereunder, the Company will pay an amount equal to 7.5% (seven and one-half percent) of the Base Salary to a Keren Hishtalmut Fund designated by the Employee (the “Fund”) (“the Company’s Payment to the Fund”), and will deduct from each payment of the Base Salary and pay to such Fund an amount equal to 2.5% of the Base Salary, which shall constitute the Employee’s contribution to such Fund, provided, however, that the Company’s Payment to the Fund shall not exceeds the maximum deductible amount permitted pursuant to the applicable law.
Keren Hishtalmut Fund. At the end of each month during the employment of Employee hereunder (or such other day as is consistent with the Company’s general practices), the Company shall pay an amount equal to 7.5% of Employee’s monthly Salary for the preceding month, to a Keren Histalmut Fund designated by the Employee (the “Fund”), and shall deduct from the Salary of Employee an amount equal to 2.5% of the Employee’s monthly Salary for the preceding month and pay the same to the Fund.
Keren Hishtalmut Fund. 5.1.1. At the end of each month during the employment of the Employee hereunder (or such other day as is consistent with the Company’s general practices), the Company shall pay an amount equal to 71/2% of the Employee’s “Insured Salary” for the preceding month, but in no event an amount which exceeds the amount deductible by the Company for tax purposes, to a Keren Hishtalmut Fund as recognized by the Income Tax Authorities designated by the Company, or if agreed to by the Company, designated by the Employee (the “Fund”), and shall deduct from the Salary of the Employee an amount equal to up to 21/2% of the Insured Salary for the preceding month and pay the same on behalf of the Employee, to the Fund.
5.1.2. It is hereby clarified that for the purposes of section 5.1 only, the expression “Insured Salary” shall be interpreted as the outcome of the following sum: 80% multiplying Salary plus Overtime payment plus Convalescence pay plus Travel expenses plus High tech Bonus.
Keren Hishtalmut Fund. The Company and Executive shall open and maintain a Keren Hishtalmut Fund. The Company shall contribute to such Fund an amount equal to 7-1/2% of each monthly Salary payment, and Executive shall contribute to such Fund an amount of up to 2-1/2% of each monthly Salary payment. Executive hereby instructs the Company to transfer to such Fund the amount of Executive's and the Company's contribution from each monthly Salary payment..
Keren Hishtalmut Fund. (Company contribution of 7-1/2% of gross salary); e.
Keren Hishtalmut Fund. The Company and Executive shall open and maintain a Keren Hishtalmut Fund, as defined under Israeli employment law. The Company shall contribute to such Fund an amount equal to 7-1/2% of each monthly Salary payment, and Executive shall contribute to such Fund an amount of up to 2-1/2% of each monthly Salary payment. Executive hereby instructs the Company to transfer to such Fund the amount of Executive's and the Company's contribution from each monthly Salary payment.
