Social Insurance and Benefits. (1) During the contract period, Party A shall pay social insurance to Party B on a monthly basis in accordance with the relevant provisions of the State and Shenzhen Society for eight years. Party B agrees that the type of insurance payment and the base of payment shall be paid according to the actual payment of Party A. Party B shall be responsible for part of the expenses incurred by Party B.
(2) If Party B is sick or not injured due to work, Party A shall provide medical treatment and medical treatment according to national and local regulations, reimburse medical expenses according to medical insurance and other relevant regulations, and pay sick pay during the prescribed medical period.
(3) Party A shall stipulate the management measures for employees’ compensation and benefits in accordance with the law, and provide benefits to Party B.
Social Insurance and Benefits. 6.1 Party A shall handle social insurance procedures for Party B by law. The expenses for handling social insurance shall be borne according to the relevant provisions of Party A’s registration area.
Social Insurance and Benefits. 3.1 The Executive shall be entitled to a pension arrangement, a Managers’ Insurance Policy (the “Policy”) and/or Pension Fund (the “Pension Fund”) as follows: The Company shall contribute 8.33% of the Salary for severance compensation (the “Severance Contribution”). In addition, the Company shall contribute 6.5% of the Salary for pension compensation (Tagmulim) towards Policy/Pension Fund. In the event that the Executive chooses Policy arrangement, the pension compensation (Tagmulim) shall include the Company’s payment for purchase of disability insurance coverage sufficient to secure 75% of the Salary; provided that the Company’s contributions solely for pension compensation (Tagmulim) shall be not less than 5% and subject to the consent of the insurance company to insure the Executive. For the avoidance of any doubt, in the event that the cost to the Company shall be more than the required contributions rates towards pension compensation (6.5% as described above) due to the cost of the disability insurance, the total cost of the Company’s contributions to pension compensation and disability insurance collectively shall not exceed 7.5% of the Salary. The Company shall deduct from the Salary the Executive’s contributions for pension compensation (Tagmulim) in an amount of 6% of the Salary towards Policy/Pension Fund. Any tax liability in connection with pension arrangement shall be borne solely by the Executive.
Social Insurance and Benefits. Party A shall provide social security insurance and housing fund for Party B in accordance with the Employment Law of the People’s Republic of China, the Employment Contract Law of the People’s Republic of China and applicable national and local regulations. Each of the Parties shall pay their respective mandatory contribution amount.
Social Insurance and Benefits. (i) During the contract period, Party A shall pay social insurance to Party B on a monthly basis in accordance with the relevant provisions of the State and Shenzhen Society for eight years. Party B agrees that the type of insurance payment and the base of payment shall be paid according to the actual payment of Party A. Party B shall be responsible for part of the expenses incurred by Party B.
(ii) If Party B is sick or not injured due to work, Party A shall provide medical treatment and medical treatment according to national and local regulations, reimburse medical expenses according to medical insurance and other relevant regulations, and pay sick pay during the prescribed medical period.
(iii) Party A shall stipulate the management measures for employees’ compensation and benefits in accordance with the law, and provide benefits to Party B.
(iv) Party B’s maternity benefits shall be handled by Party A in accordance with the provisions of the protection of female employees in the State, the provinces and municipalities.
Social Insurance and Benefits. A shall create conditions to improve collective welfare and provide Party B with better welfare treatment. The treatment for Party B due to work-related disability, occupational disease and death and the treatment of Party B due to non-work related injury, disease and death shall be implemented by Party A according to the state laws, regulations and other relevant provisions.
Social Insurance and Benefits. 5.1 The Company shall insure the Employee under an accepted “Manager’s Insurance Scheme” and/or a comprehensive financial arrangement, at the election of the Employee, including insurance in the event of illness or loss of capacity for work (hereinafter referred to as the “Managers Insurance”) as follows: (a) the Company shall pay an amount equal to 5% of the Employee’s Salary towards the Managers Insurance for the Employee’s benefit and shall deduct 5% from the Employee’s Salary and pay such amount towards the Managers Insurance for the Employee’s benefit (the various components of the Managers Insurance shall be fixed at the discretion of the Employee); (b) the Company shall pay up to 2.5% of the Employee’s Salary towards disability insurance; and (c) the Company shall pay an amount equal to 8 1/3% of the Employee’s Salary towards a fund for severance compensation which shall be payable to the Employee upon severance, but subject to the provisions of section 7.3.
5.2 The Company shall pay the full salary of the Employee, including insurance, social benefits and fringe benefits, during the period of the Employee’s military reserve service. National Insurance Institute transfers in connection with such military reserve duty shall be retained by the Company.
5.3 The Company and the Employee shall open and maintain a Keren Hishtalmut Fund. The Company shall contribute to such Fund an amount equal to 7.5% of each monthly Salary payment, but not more than the amount for which the Employee is exempt from tax payment, and the Employee shall contribute to such Fund an amount equal to 2-1/2% of each monthly Salary payment. The 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.
Social Insurance and Benefits. 3.1 The Executive shall be entitled to Manager's Insurance as follows: The Company shall make payments for the Executive’s benefit to a manager’s insurance policy (the “Policy”), which shall remain in the Company's possession and shall be managed on the Executive’s name. The Company shall pay into the Policy an aggregate amount representing 13.33% of the then provided Salary as follows: 8.33% for severance compensation and 5% for pension compensation (“Tagmulim”). In addition, the Company shall deduct 5% of the Salary and transfer that amount to the Policy. Also, the Company shall contribute monies for disability insurance in accordance with the Company's accepted policies. All payments to the Pension Scheme will be made in compliance with Section 14 of the Severance Compensation Law, 1963, and in accordance with the general approval of the Labor Minister dated June 9, 1998, promulgated under said Section 14, a copy of which is attached hereby as Exhibit A, and the terms of Section 14 and said general approval will apply to the relationship hereunder. Therefore, the ownership of the Pension Scheme will be transferred to the Employee upon the termination of employment and the Company will not be entitled to retrieve any of the funds it transferred to the Pension Scheme, other than in accordance with Section 14 and said general approval and the transfer of the Pension Scheme to the ownership of the Employee will be the full and only compensation to be paid by the Company to the Employee in such circumstances in respect of severance pay with respect to the insured Salary.
Social Insurance and Benefits. Article 12 Both Party A and Party B shall pay the social insurance premiums in accordance with relevant State and local regulations.
Article 13 Party B shall enjoy various benefits in accordance with Party A’s provisions.
Article 14 As the Company’s employee, Party B shall, in good faith and in a prudent manner, protect the following tangible assets and intangible assets of or in which the Company has the ownership or other legal rights:
1. all kinds of movable properties and immovable properties;
2. all client data accumulated by the Company;
3. business information, promotion opportunities and business channels obtained or established by the Company by various means;
4. software in the Company’s computers and network systems;
5. all the information and materials generated through the use of the Company’s computers and network systems;
6. inventions, creations and work results produced by Party B due to the performance of its duties or mainly through the use of the Company’s material and technical conditions, business information, etc. (except as otherwise agreed by the Parties);
7. works produced by Party B due to the performance of its duties or mainly through the use of the Company’s material and technical conditions, business information, etc., including newspapers, books, pictures, software or software systems, advertisements, reports, business materials, training materials, marketing aids, etc. (except as otherwise agreed by the Parties);
8. various rules and regulations and management measures formulated by the Company that are original or different from other enterprises;
9. the Company’s trademark rights, name rights, reputation rights, flag, emblem, CI and other marks; and
10. the Company’s assets in other forms.
Article 15 In order to protect the Company’s assets, Party B undertakes:
1. to reasonably use and protect the Company’s assets in accordance with the law, and not to encroach or illegally possess, use, steal, disclose, arbitrarily transfer or otherwise damage the Company’s assets;
2. to comply with the provisions of this Contract and the Company’s Regulations on intellectual property rights, especially business secret protection;
3. to comply with the Company’s management regulations and measures for the protection of the safety of network and information assets.
4. to complete the work handover according to Party A’s requirements before leaving the Company, including daily work handover, file transfer, business handover, client/transac...
Social Insurance and Benefits. 6.1 Party A shall pay corresponding social insurance premiums for Party B in accordance with relevant national and local laws and regulations.
6.2 In accordance with relevant national and local laws and regulations, Party B must pay part of the insurance and tax expenses which shall be borne by the individual, and such expenses shall be withheld from Party B’s salaries by Party A at the time of paying the salaries.
6.3 Party A pays corresponding social insurance premiums for Party B in accordance with relevant national and local laws and regulations, but if Party A fails to make the said payment due to Party B’s personal reasons, any and all consequences incurred thereof shall be borne by Party B;
6.4 Party A withholds any other corresponding expenses that should be paid by Party B when paying the salaries to Party B. Any benefits that Party B shall enjoy regarding any occupational disease, work-related injury, family planning or holidays shall be subject to relevant laws, regulations and policies.
