Common use of Study Fund Clause in Contracts

Study Fund. The Company and the Manager shall set up a study fund for the Manager. The Company shall deposit a sum equal to 7.5% of the Salary into a study fund each month, and the Manager shall set aside a sum equal to 2.5% of the Salary to the study fund, provided that the deposits pursuant to this section shall only be made up to the sum of the ceiling of the tax exemption for provisions to study funds pursuant to the Income Tax Ordinance. The Manager hereby instructs the Company to transfer the sums constituting the Manager’s portion of the provisions, to the study fund.

Study Fund. The Company and the Manager shall set up maintain a study fund for the Manager. The Manager to which the Company shall deposit contribute, on a sum monthly basis, an amount equal to 7.5% of the Salary into a study fund each month, (the “Company Portion”) and the Manager shall set aside contribute on a sum monthly basis an amount equal to 2.5% of the Salary to (the study fund“Manager Portion”), provided that the deposits pursuant to this section contributions shall only be made up to not exceed the sum of the maximum tax-exempt ceiling of the tax exemption for provisions to study funds a Study Fund pursuant to the Income Tax OrdinanceOrdinance [New Version] - 1961. The Manager hereby instructs the Company to transfer the sums constituting the Manager’s portion of the provisions, Manager Portion to the study fundselected Study Fund.

Study Fund. The Company and the Manager shall set up a study fund for the Manager. The Company shall deposit a sum equal to 7.5% of the Salary into a study fund each month, and the Manager shall set aside a sum equal to 2.5% of the Salary to the study fund, provided that the deposits pursuant to this section shall only be made up to the sum of the ceiling of the tax exemption for provisions to study funds pursuant to the Income Tax Ordinance. The Manager hereby instructs the Company to transfer the sums constituting the Manager’s portion of the provisions, to the study fund.

Study Fund. The Company and the Manager Employee shall set up a study fund for the ManagerEmployee. The Company shall deposit a sum equal to 7.5% of the Salary into a study fund each month, and the Manager Employee shall set aside a sum equal to 2.5% of the Salary to the study fund, provided that the deposits pursuant to this section shall only be made up to the sum of the ceiling of the tax exemption for provisions to study funds pursuant to the Income Tax Ordinance. The Manager Employee hereby instructs the Company to transfer the sums constituting the ManagerEmployee’s portion of the provisions, to the study fund.