Examples of Manager's Insurance in a sentence
Contribution of the Company to the Manager's Insurance Policy shall be on account of the Company's severance pay obligations.
Upon termination of this Agreement by either party, other than in circumstances constituting Cause (as defined below), the Company shall assign and transfer to the Executive, after Executive has met all of Executive's obligations hereunder in connection with such termination of employment, the ownership in the aforesaid Manager's Insurance and Keren Hishtalmut Fund.
Upon any termination of the Executive employment with the Company (other than termination by the Company under circumstances in which severance payment is not payable) the rights in the Executive's "Managers' Insurance Policy" shall be assigned to the Executive.
It is hereby clearly agreed and understood that the amounts accrued in the Managers Insurance on account the Company’s contribution [i.e. 13.33% of each monthly Salary payment] shall be in lieu and in full and final substation of any severance pay the Employee shall be or become entitled to under any applicable Israeli law.
The Company shall effect a Manager's Insurance Policy (the "Policy") in the name of the Executive, and shall pay a sum up to 15.83% of the Executive's Base Salary towards such Policy, of which 8.33% will be on account of severance pay and 5% on account of pension fund payments and up to a further 2.5% of the Executive's Base Salary on account of disability pension payments.
Upon termination of this Agreement by either party, other than in circumstances constituting Cause (as defined below), the Company shall assign and transfer to the Executive, after Executive has met all of Executive's obligations hereunder in connection with such termination of employment, the ownership in the aforesaid Managers Insurance Fund.
In accordance with the Company's general policy, the Company shall procure for the benefit of the Executive a "Managers' Insurance Policy" (, under customary terms, and contribute to such policy an amount equal 5% of the Executive's salary and 8.33% on account of the Company's severance payment obligations, and the Company shall withhold up to 5% from the Executive's salary and contribute such amount to the said policy as the Executive's participation.
The Company shall contribute to the Plan by paying the following sums of the Manager’s Salary: 8.33% will be on account of severance pay and 6% on account of retirement pension (5% in the case of Manager's Insurance).
The Manager shall be entitled to a pension plan of his choice (Pension Fund, Manager's Insurance or any combination of the two) (hereinafter the “Plan”).
The Company shall deduct 5.5% from the Manager’s Salary (5% in the case of Manager's Insurance) to be paid on behalf of the Manager to the Plan.