Gross Salary. The Monthly Salary and all amounts required to be paid to the Executive by law represent the Executive’s gross salary, and include all of the salary components and various supplements and benefits and/or all supplements under any law and/or expansion order and/or any special or general collective bargaining agreement that may apply to the relations between the Company and the Executive. It is hereby acknowledged and agreed that all payments to the Executive by the Company, including, without limitation, the Monthly Salary and other benefits and payments of any kind, as provided in this Agreement are, unless otherwise required by law, stated in gross figures, and there shall be deducted therefrom all relevant taxes and/or charges that shall apply to them, at the time of their payment, pursuant to any applicable law.
Gross Salary. The Monthly Salary represents the Executive’s gross salary, and includes all of the salary components and various supplements and benefits and/or all supplements under any law and/or expansion order and/or any special or general collective bargaining agreement that may apply to the relations between the Company and the Executive. It is hereby acknowledged and agreed that all payments to the Executive by the Company, including, without limitation, the Monthly Salary and other benefits and payments of any kind, as provided in this Agreement are, unless otherwise required by law, stated in gross figures, and there shall be deducted therefrom all relevant taxes and/or charges that shall apply to them, at the time of their payment, pursuant to any applicable law.
Gross Salary. During the term hereof, and subject to the performance of the services required to be performed hereunder by Employee, the Company shall pay to the Employee for all services rendered hereunder, $150,000 as annual base salary, payable not less often than once per month and in accordance with the Company’s normal and reasonable payroll practices, a monthly gross amount equal to $12,500 (the “Gross Salary”). Upon recommendation by the Executive Vice-Chairman and/or the CEO, the Board of Directors will review the Gross Salary annually and, in its sole discretion, consider any increases it deems warranted at that time.
Gross Salary. Gross salary includes any remuneration received by the Employee from the Employer.
Gross Salary. During the term hereof, and subject to the performance of the services required to be performed hereunder by Employee, the Company shall pay to the Employee for all services rendered hereunder, $200,000 annually as base salary, payable not less often than once per month and in accordance with the Company’s normal and reasonable payroll practices, a monthly gross amount equal to $16,667 (the “Gross Salary”). The Board of Directors will review the Gross Salary annually and, in its sole discretion, consider any increases it deems warranted at that time.
Gross Salary. Gross Salary shall mean the gross amount of weekly wages paid to Employee as of the Termination of Employment. Gross Salary does not include the value of any other non-wage benefits provided to Employee, such as medical insurance, vacation, sick leave, or retirement benefits.
Gross Salary. During the term of this Agreement, and subject to the performance of the services required to be performed hereunder by Employee, the Company shall pay to Employee for all services rendered by Employee under this Agreement, a salary, payable not less often than monthly and in accordance with the Company's normal and reasonable payroll practices, a monthly gross amount equal to NIS forty thousand (NIS 40,000) (the "GROSS SALARY"). The Gross Salary shall be reviewed by the Company on an annual basis or on each anniversary of this Agreement, at the Company's sole discretion. The Gross Salary was agreed between the parties, inter alia, in view of the fact that the Employee's Position, duties and responsibilities are of such nature that require a special degree of trust and that the Company cannot keep track of all overtime hours of the Employee.
Gross Salary. The Monthly Salary represents the Executive’s gross salary, and includes all of the salary components and various supplements and benefits and/or all supplements under any law and/or expansion order and/or any special or general collective bargaining agreement that may apply to the relations between the Company and the Executive. It is hereby acknowledged and agreed that all payments to the Executive by the Company, including, without limitation, the Monthly Salary and other benefits and payments of any kind, as provided in this Agreement are, unless otherwise required by law, stated in gross figures, and there shall be deducted therefrom all relevant taxes and/or charges that shall apply to them, at the time of their payment, pursuant to any applicable law, except that the Company shall pay the VAT, if applicable, in connection with the Monthly Salary. The Executive acknowledges that he is responsible to make all provisions, deductions and contributions from the Monthly Salary to any plan, purpose or program, whether required hereunder, required under law or elected by the Executive (including, without limitation, pension programs, disability insurance, advanced educational funds, vacation allowance, etc.) and represents that he shall have no claim against the Company or the Group in respect thereof.
Gross Salary. During the term hereof, and subject to the performance of the services required to be performed hereunder by Employee, the Company shall pay to the Employee for all services rendered hereunder, as salary, payable not less often than once per month and in accordance with the Company's normal and reasonable payroll practices, a monthly gross amount equal to U.S. $16,667.00 (the "Gross Salary"). The Gross Salary shall commence to be paid to Employee on February 1, 2009, provided however, that in any event and at all times Gross Salary and any amount deferred shall be paid based upon the percentage of salary and deferred salary being paid by the Company to all of its other executive officers.
Gross Salary. During the term hereof, and subject to the performance of the services required to be performed hereunder by Employee, the Company shall pay to the Employee for all services rendered hereunder, as salary, payable not less often than once per month and in accordance with the Company's normal and reasonable payroll practices, a monthly gross amount equal to $ 13,750 (the "Gross Salary"). The Gross Salary shall be reviewed periodically and may be favorably adjusted along with other benefits accordingly. Gross Salary shall be deferred in an amount equal to the percentage being paid by the Company to its other senior executive officers from time to time. Currently, the Company pays 80% of salaries up to the maximum amount of $15,500 monthly as gross salary to senior executive officers. The Gross Salary which is deferred shall be paid at such time and in accordance with the amount being paid to other Company senior executive officers. For the purposes of this Section 3.1 senior executive offices include the CEO and CFO.
