Common use of Continuing Education Fund Clause in Contracts

Continuing Education Fund. The Company shall contribute to Employee's current Continuing Education Fund. The amount of such contribution shall equal 7.5% of Employee's Base Salary per month and shall be subject to Employee's contribution of an additional 2.5% of his Base Salary per month.

Appears in 2 contracts

Samples: Employment and Non Competition Agreement (Com21 Inc), Employment and Non Competition Agreement (Com21 Inc)

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Continuing Education Fund. 7.2.1 The Employee shall be entitled to participate in the Company’s continuing education fund (Keren Hishtalmut). The Company shall contribute an amount equal to seven and a half percent (7.5%) of the Employee's current Continuing Education Fund. The amount of such contribution shall equal 7.5% of Employee's Base ’s Monthly Salary per month and shall be subject to deduct two and a half percent (2.5%) of the Employee's contribution of an additional 2.5% of his Base Salary per month’s Monthly Salaryand transfer it as the Employee’s contribution.

Appears in 1 contract

Samples: Employment Agreement (Cellect Biomed Ltd.)

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Continuing Education Fund. 6.1. The Company shall contribute make monthly contributions to Employee's current Continuing a continuing education fund (the “Education Fund. The amount of such contribution shall ”) in the sum equal to 7.5% of Employee's Base the Salary per month and shall be subject also deduct from the Salary the sum equal to Employee's contribution of an additional 2.5% of his Base the Salary per monthand remit this sum to the Education Fund.

Appears in 1 contract

Samples: Employment Agreement (Xfone Inc.)

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