The Salary. The 2022-2024 salaries are obtained by adding the following factors:
I. Base Salary
The Salary. Paying Unit agrees to comply fully with all eligibility, participation, underwriting, financial, actuarial, legal and administrative policies, guidelines and procedures of the Plan, as amended.
The Salary. Paying Unit agrees to offer Plan coverage to all of its eligible deacons (if the Conference Plan Sponsor has not elected to cover deacons at the Conference level), lay employees or both as specified below, on a nondiscriminatory basis.
The Salary. Paying Unit agrees to make any necessary records and data available to the Plan Sponsor and Wespath in order to determine the eligibility of all eligible and potentially eligible deacons, lay employees, spouses and other dependents.
2.c) The Salary-Paying Unit shall offer Plan coverage to the deacons, lay employees or both. Then, to the extent that the Plan provides for elective participation by such persons, these persons will proceed to elect whether to participate in the Plan.
2.d) The Salary-Paying Unit agrees to cover at least 75%1 of all of its eligible lay employees, deacons or both.
2.e) In the event the Salary-Paying Unit has fewer than 12 lay employees or deacons, the Salary-Paying Unit satisfies the percentage requirements1 in 2.e) if the number of covered lay employees or deacon corresponds to the number in the chart below:
3.a) The Plan Sponsor shall send the Salary-Paying Unit a monthly or quarterly invoice (as decided upon by the Plan Sponsor) regarding all benefit options (i.e., group medical plan, medical reimbursement account and dependent care reimbursement account) provided to participants under the Plan maintained by the Plan Sponsor.
3.b) The Salary-Paying Unit shall promptly remit the entire invoiced amount to the Plan Sponsor for those covered.
4.a) This Sub-Adoption Agreement shall become effective as of the Effective Date and continue in effect unless terminated as provided for in the Plan Document [including, for example, Section 3.06(f)] and the HealthFlex Plan Sponsor Manual, (including its HealthFlex Termination Policy). The “Initial Plan Year” shall mean the period of time commencing on the Effective Date and ending on December 31 of that same year. Thereafter, this Sub-Adoption Agreement shall automatically renew on the first day of each Plan Year for an additional Plan Year until terminated by either the Plan Sponsor or the
The Salary. 4. Your salary shall be at the rate of N.I.S. 42,569 gross monthly (hereinafter: “the Salary”) and shall be updated according to the cost of living increase as shall be paid from time to time to workers in the marketplace. The above Salary includes the cost of living increment which was paid prior to the signing of this agreement.
5. Your Salary shall include a monthly payment, at the rate of 10% (ten percent) of the Salary owing to you for that month – as special consideration for your undertaking to limit competition against the Company as specified in Appendix A, attached hereto (hereinafter: “the Special Consideration”), provided that you do not breach the above mentioned undertaking.
6. Your Salary will be paid to you on the 1st of every month, and in any event no later than by the 9th of every month.
7. Furthermore, you shall be entitled to be included within the framework of senior rewards as agreed upon between you and the Company with the approval of the Company’s board. The terms of the program and the goals shall be agreed upon by no later than the end of January.
The Salary. 5.1 The Company shall pay the Employee a gross monthly salary in the amount as set forth in Exhibit A hereto (the “Base Salary”).
5.2 In addition to the Base Salary, since the performance of Employee’s position shall require the Employee, from time to time, to work beyond the regular work hours, and on irregular days, the Company shall pay the Employee, each month, a payment in the amount set forth in Exhibit A hereto (such amount, the “Global Overtime Payment”). For the avoidance of doubt, The Global Overtime Payment reflects a full compensation for work performed by the Employee beyond the scope of the regular working hours for an average amount of hours per month as set forth in Exhibit A. The Employee acknowledges that he may not work overtime hours beyond the set quota of overtime hours, without receiving prior written consent of the Company to do so, and any performance of such additional work without the prior written consent shall not entitle the Employee with any additional payment.
5.3 For the purposes of this Agreement, the Base Salary and the Global Overtime Payment shall be referred to herein collectively, as the “Monthly Salary”.
5.4 It is agreed that 10% of the Monthly Salary shall be considered to be a special compensation for the Employee’s obligation for confidentiality, return of confidential information, non-competition, non-solicitation, and no conflicting obligations set forth in the IP Agreement, Exhibit B herein (the “Special Compensation”).
5.5 The Monthly Salary shall be paid to the Employee no later than the 9th day of the following month.
The Salary. The Company shall pay the Employee as of the Effective Date and thereafter a gross monthly salary in the sum set forth in appendix A attached hereto (hereinafter” “the Salary”). The salary shall be paid to the Employee no later than the 9th day of each month in respect of the previous month. Payment shall be linked to the cost of living allowance in the economy in accordance with an expansion order that shall be announced and applicable to all employers and employees in Israel.
The Salary. 1.1.1 The rule:
The Salary. 7.1. In consideration for the fulfillment of his position and all the duties of his employment, as of the Commencement Date the Company shall pay Employee a gross total monthly salary of 65,000 NIS (the “Salary”). Such Salary shall be based on the following: - A gross monthly salary of 48,750 NIS (the "Base Salary"). - An additional global supplement for overtime work hours in the gross sum of 16,250 NIS per month (the "Overtime Payment"), based on the assumption that the Employee’s position requires work at extra hours from time to time, estimated at ~50 hours of work per month (the “Extra Hours Quota”). The Overtime Payment shall be adjusted simultaneously in accordance with the adjustment of the Base Salary. Employee hereby undertakes to not work extra hours exceeding the Extra Hours Quota, unless authorized to do so by the Company, in advance and in writing.
The Salary. 8.1 The Company will pay the Employee a monthly salary in the amount of 56,000 NIS (hereafter: the “Basic Wage”).
8.2 The Basic Wage will be revised in full at the rate of increase of the Consumer Price Index when price increments are paid in the economy. The base index is the index for the month of January 2001 as published on February 15, 2001. The above revision includes all the price increments as may be paid from time to time to all wage earners in the economy as well as any national and/or works supplements and the Employee hereby waives any such supplement as aforesaid.
8.3 A wage revision discussion will be conducted in January 2002 between the Employee and the CEO of the Ness Technologies Group Inc. (the Group”). A wage revision discussion will be conducted every year thereafter in the month of April. The fact that the wage revision discussion is held does not obligate the Company to raise the Employee’s salary.
