Common use of Occasional Benefits Clause in Contracts

Occasional Benefits. Any benefit, of any kind, granted to the Employee by the Company and which is not specified in this Agreement (a "Benefit"), shall be deemed as a non-recurring event, and shall neither give rise to any new right of the Employee, nor constitute a practice and/or custom and/or precedent between the parties which shall obligate the Company on any additional and/or other occasions. It is hereby agreed, that any such Benefit shall be a supplement above and beyond the Employee's Base Salary, and shall not to be taken into account for the purpose of calculating the Employee's social entitlements or rights.

Appears in 3 contracts

Samples: Employment Agreement (Pluristem Therapeutics Inc), Employment Agreement (Pluristem Therapeutics Inc), Employment Agreement (Pluristem Therapeutics Inc)

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Occasional Benefits. Any benefit, of any kind, granted to the Employee by the Company and which is not specified in this Agreement (a "Benefit"), shall be deemed as a non-recurring event, and shall neither give rise to any new right of the Employee, nor constitute a practice and/or custom and/or precedent between the parties which shall obligate the Company on any additional and/or other occasions. It is hereby agreed, that any such Benefit shall be a supplement above and beyond the Employee's ’s Base Salary, and shall not to be taken into account for the purpose of calculating the Employee's ’s social entitlements or rights.

Appears in 3 contracts

Samples: Employment Agreement (Pluri Inc.), Employment Agreement (Pluristem Therapeutics Inc), Employment Agreement (Pluristem Therapeutics Inc)

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Occasional Benefits. Any benefit, of any kind, granted to the Employee by the Company and which is not specified in this Agreement (a "Benefit"), shall be deemed as a non-recurring event, and shall neither give rise to any new right of the Employee, nor constitute a practice and/or custom and/or precedent between the parties which shall obligate the Company on any additional and/or other occasions. It is hereby agreed, that any such Benefit shall be a supplement above and beyond the Employee's Base Gross Salary, and shall not to be taken into account for the purpose of calculating the Employee's social entitlements or rights.

Appears in 1 contract

Samples: Employment Agreement (AIT Therapeutics, Inc.)

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