Common use of Continuing Education Fund Clause in Contracts

Continuing Education Fund. The Employee shall be entitled to participate in the Company's continuing education fund (Keren Hishtalmut). The Company shall contribute an amount equal to five percent (5%) of the Employee's Global Salary and shall deduct two and a half percent (2.5%) of the Employee's Global Salary and transfer it as the Employee's contribution. The Employee consents to the deduction of this amount as his contribution to the continuing education fund. These contributions will be calculated up to the permissible tax-exempt salary ceiling according to the income tax regulations in effect from time to time. If the amount of the Company's contribution is greater than permitted by those regulations, the Employee shall not have the right to receive the excess amount.

Continuing Education Fund. The Employee shall be entitled to participate in the Company's ’s continuing education fund (Keren Hishtalmut). The Company shall contribute an amount equal to five seven and a half percent (57.5%) of the Employee's ’s Global Salary and shall deduct two and a half percent (2.5%) of the Employee's ’s Global Salary and transfer it as the Employee's ’s contribution. The Employee consents to the deduction of this amount as his contribution to the continuing education fund. These contributions will be calculated up to the permissible tax-exempt salary ceiling according to the income tax regulations in effect from time to time. If the amount of the Company's ’s contribution is greater than permitted by those regulations, the Employee shall not have the right to receive the excess amount.

Continuing Education Fund. The Employee shall be entitled to participate in the Company's continuing education fund (Keren Hishtalmut). The Company shall contribute an amount equal to five percent (5%) of the Employee's Global Salary and shall deduct two and a half percent (2.5%) of the Employee's Global Salary and transfer it as the Employee's contribution. The Employee consents to the deduction of this amount as his contribution to the continuing education fund. These contributions will be calculated up to the permissible tax-tax- exempt salary ceiling according to the income tax regulations in effect from time to time. If the amount of the Company's contribution is greater than permitted by those regulations, the Employee shall not have the right to receive the excess amount.

Continuing Education Fund. The Employee shall be entitled to participate in the Company's ’s continuing education fund (Keren Hishtalmut). The Company shall contribute an amount equal to five seven and a half percent (57.5%) of the Employee's Global ’s Salary and shall deduct two and a half percent (2.5%) of the Employee's Global ’s Salary and transfer it as the Employee's ’s contribution. The Employee consents to the deduction of this amount as his his/her contribution to the continuing education fund. These The Company’s contributions will be calculated continue only up to the permissible tax-exempt salary ceiling according to the income tax regulations in effect from time to time. If the amount of the Company's contribution is greater than permitted by those regulations, the Employee shall not have the right to receive the excess amount.