Common use of Special Degree of Personal Trust Clause in Contracts

Special Degree of Personal Trust. Employee acknowledges and agrees, that from the perspective of the status, responsibility and terms of employment of Employee, he shall be counted amongst those employees whose functions require a special degree of personal trust, and the conditions and circumstances of whose employment do not facilitate the supervision of their work and rest hours as those expressions are defined in the Hours of Work and Rest Law, 5711-1951 and accordingly the restrictions specified in the aforementioned Law and in the Wage Protection Law shall not apply to his employment. Employee shall not be entitled to demand or receive, inter alia, payment for overtime, as may be required by the Company, and the amount paid to him as a Salary (as defined below), shall also include full compensation for overtime hours and for non competition obligations as specified below.

Appears in 5 contracts

Samples: Employment Agreement (Topspin Medical Inc), Employment Agreement (Topspin Medical Inc), Employment Agreement (Topspin Medical Inc)

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Special Degree of Personal Trust. Employee acknowledges and agrees, agrees that from the perspective of the status, responsibility and terms of employment of Employee, he shall be counted considered amongst those employees whose functions require a special degree of personal trust, and the conditions and circumstances of whose employment do not facilitate the supervision of their work and rest hours as those expressions are defined in the Hours of Work and Rest Law, 5711-1951 and accordingly the restrictions specified in the aforementioned Law and in the Wage Protection Law Law, 1958 shall not apply to his employment. Employee shall not be entitled to demand or receive, inter alia, payment for overtime, as may be required by the Company, and the amount paid to him as a Salary (as defined below), shall also include full compensation for overtime hours and for non competition obligations as specified belowhours.

Appears in 1 contract

Samples: Employment Agreement (Brainstorm Cell Therapeutics Inc.)

Special Degree of Personal Trust. Employee acknowledges and agrees, that from the perspective of the status, responsibility and terms of employment of Employee, he shall be counted amongst those employees whose functions require a special degree of personal trust, and the conditions and circumstances of whose employment do not facilitate the supervision of their work and rest hours as those expressions are defined in the Hours of Work and Rest Law, 5711-1951 and accordingly the restrictions specified in the aforementioned Law and in the Wage Protection Law shall not apply to his employment. Employee shall not be entitled to demand or receive, inter alia, payment for overtime, as may be required by the CompanyCompany and/or BCLI, and the amount paid to him as a Salary (as defined below), shall also include full compensation for overtime hours and for non competition obligations as specified belowhours. 2.

Appears in 1 contract

Samples: Employment Agreement (Brainstorm Cell Therapeutics Inc)

Special Degree of Personal Trust. Employee acknowledges and agrees, agrees that from the perspective of the status, responsibility and terms of employment of Employee, he shall be counted amongst those employees whose functions require a special degree of personal trust, and the conditions and circumstances of whose employment do not facilitate the supervision of their work and rest hours as those expressions are defined in the Hours of Work and Rest Law, 5711-1951 and accordingly the restrictions specified in the aforementioned Law and in the Wage Protection Law Law, 1958 shall not apply to his employment. Employee shall not be entitled to demand or receive, inter alia, payment for overtime, as may be required by the Company, and the amount paid to him as a Salary (as defined below), shall also include full compensation for overtime hours and for non competition obligations as specified belowhours.

Appears in 1 contract

Samples: Employment Agreement (Brainstorm Cell Therapeutics Inc)

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Special Degree of Personal Trust. Employee acknowledges and agrees, that from the perspective of the status, responsibility and terms of employment of Employee, he she shall be counted amongst those employees whose functions require a special degree of personal trust, and the conditions and circumstances of whose employment do not facilitate the supervision of their work and rest hours as those expressions are defined in the Hours of Work and Rest Law, 5711-1951 and accordingly the restrictions specified in the aforementioned Law and in the Wage Protection Law shall not apply to his her employment. Employee shall not be entitled to demand or receive, inter alia, payment for overtime, as may be required by the Company, and the amount paid to him as a Salary (as defined below), shall also include full compensation for overtime hours and for non competition obligations as specified belowhours.

Appears in 1 contract

Samples: Employment Agreement (Brainstorm Cell Therapeutics Inc)

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