Common use of Advanced Study Fund Clause in Contracts

Advanced Study Fund. 5.2.1. Notwithstanding anything herein to the contrary, for the purpose of this Section 5.2, the term “Salary” shall mean that portion of the Salary which does not exceed the recognized ceiling for withholdings that are exempted from taxes under the provisions of applicable law in effect from time to time (the “Advanced Study Fund Ceiling”). For the removal of any doubt, it is hereby agreed that the Advanced Study Fund Ceiling shall serve as the basis for the calculation of deductions and contributions to the Advanced Study Fund.

Appears in 3 contracts

Samples: Employment Agreement (Playtika Holding Corp.), Employment Agreement (Playtika Holding Corp.), Employment Agreement (Playtika Holding Corp.)

AutoNDA by SimpleDocs

Advanced Study Fund. 5.2.1. 5.2.1 Notwithstanding anything herein to the contrary, for the purpose of this Section 5.2, the term “Salary” shall mean that portion of the Salary which does not exceed the recognized ceiling for withholdings that are exempted from taxes under the provisions of applicable law in effect from time to time (the “Advanced Study Fund Ceiling”). For the removal of any doubt, doubt it is hereby agreed that the Advanced Study Fund Ceiling shall serve as the basis for the calculation of deductions and contributions to the Advanced Study Fund.

Appears in 1 contract

Samples: Employment Agreement (Playtika Holding Corp.)

AutoNDA by SimpleDocs

Advanced Study Fund. 5.2.1. 5.2.1 Notwithstanding anything herein to the contrary, for the purpose of this Section 5.2, the term “Salary” shall mean that portion of the Salary which does not exceed the recognized ceiling for withholdings that are exempted from taxes under the provisions of applicable law in effect from time to time (the “Advanced Study Fund Ceiling”). For the removal of any doubt, it is hereby agreed that the Advanced Study Fund Ceiling shall serve as the basis for the calculation of deductions and contributions to the Advanced Study Fund.

Appears in 1 contract

Samples: Employment Agreement (Playtika Holding Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.