Israeli Participant definition

Israeli Participant means a person who is a resident of the state of Israel or who is deemed to be a resident of the state of Israel for Israeli tax purposes, and receives or holds an Award under the Plan and this Appendix.

Israeli Participant means, an Israeli resident who is an employee, officer or director of the Company or any Affiliate (provided that such person does not Control the Company as such term is defined in the Tax Ordinance), on behalf of whom an Option is Granted pursuant to Section 102.

Israeli Participant means Israeli Employee Participants and Israeli Non-Employee Participants.

Examples of Israeli Participant in a sentence

• Nothing contained in this Plan shall confer upon any Participant any right with respect to the continuation of employment by or service to the Company or Affiliate or to interfere in any way with the right of the Company or Affiliate, to terminate such employment or service or to increase or decrease the compensation of the Israeli Participant.

• Notwithstanding the above, if any such sale or release occurs during the Holding Period, the sanctions under Section 102 shall apply to and shall be borne solely by such Israeli Participant.

• The Israeli Participant agrees to execute any and all documents that the Company and/or its Affiliates and/or the Trustee may reasonably determine to be necessary in order to comply with the Ordinance, ruling or guidelines and rules issued by the ITA.

• Subject to Sections 6.7, 7.8, 8.7 and 9.4 of the Plan, so long as any Shares issued to the Trustee on behalf of an Israeli Participant, under this Appendix, to the extent Trustee decides in its sole discretion to vote such Shares, then unless the Trustee is directed otherwise by the Board, such Shares shall be voted in the same proportion as the result of the shareholder vote at the shareholders meeting or written consent in respect of which the Shares held by the Trustee are being voted.

• Furthermore, the Israeli Participant hereby agrees to indemnify the Company and/or its Affiliates and/or the Trustee and hold them harmless against and from any and all liability for any such tax or interest or penalty or indexation thereon, including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment made to the Israeli Participant.

More Definitions of Israeli Participant

Israeli Participant means a person who receives or holds an Award under the Plan and this Appendix.

Israeli Participant means any eligible Employee or Controlling Shareholder who has been granted an Award under the Plan and this Appendix.

Israeli Participant means any Participant that is a resident of the State of Israel or who is deemed to be a resident of the State of Israel for Israeli tax purposes.

Israeli Participant means, collectively, “Israeli Employee” and “Israeli Non-Employee.”

Israeli Participant means an Israeli Participant who is qualified to receive Options under the provisions of Section 102.

Israeli Participant means an Employee or Consultant who is a resident of the state of Israel for Israeli income tax purposes.

Israeli Participant. - means an Israeli Eligible Employee who is granted an Option under the Plan and this Addendum.