Examples of Israeli Employees in a sentence
The Company has not recognized or received a demand for recognition from any collective bargaining representative with respect to any of its Israeli Employees.
If an award in the form of a stock options (“Stock Options”) is granted to the Executive, it will be made in accordance with the terms and principles detailed in Quark’s Stock Option Plan for Israeli Employees.
The Company does not have Knowledge of any activities or proceedings of any labor union to organize any Israeli Employees.
To the Knowledge of the Company, the Company and the Company’s Subsidiaries have not engaged any Israeli Employees whose employment would require special approvals from any Governmental Authority.
Prior to the Distribution Date, to the extent not previously transferred, all Vishay Employees that are Israeli Employees that are or as of the Distribution Date are expected to be, primarily employed in the MGF Business, as well as any other Vishay Employees that are Israeli Employees that Vishay and VPG determine should become VPG Employees, including such employees who are on leave, shall be transferred to the VPG Group.
The Company’s obligations to provide statutory severance pay to the Israeli Employees pursuant to the Severance Pay Law, 1963 are fully funded or accrued on the Company’s financial statements and the Company has not invoked the provisions of Section 14 of the Severance Pay Law with respect to such statutory severance pay.
The Company has not engaged any Israeli Employees whose employment would require special licenses or permits.
Notwithstanding the foregoing, an exchange and buyout of Awards granted to Israeli Employees (as such term is defined in the Sub-Plan applicable to Israeli resident Participants) will be subject to an obtainment of a tax ruling issued by the Israeli Tax Authority which permits such an exchange and/or buyout.
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The Company has not had any strike, slowdown, work stoppage, lockout, job action or threat thereof, or question concerning representation, by or with respect to any of the Israeli Employees.