Common use of Study Fund Clause in Contracts

Study Fund. 7.2.1. Company shall contribute an aggregate monthly amount up to 7.5% of the Salary towards a study fund (▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇) (the “Study Fund”). 7.2.2. Employee shall contribute, and for that purpose, Employee hereby irrevocably authorizes and instructs Company to deduct from the Salary at source, an aggregate monthly amount equal to 2.5% of the Salary as Employee’s participation in such Study Fund. 7.2.3. Company shall bear any and all taxes applicable in connection with amounts payable by Employee and/or Company to the Study Fund pursuant to this Section 7.2, including any tax which may apply due to contributions exceeding the tax-exempt limit.

Study Fund. 7.2.1. Company shall contribute an aggregate monthly amount up to 7.5% of the Salary towards a study fund (▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇Keren Hishtalmut) (the “Study Fund”). 7.2.2. Employee shall contribute, and for that purpose, Employee hereby irrevocably authorizes and instructs Company to deduct from the Salary at source, an aggregate monthly amount equal to 2.5% of the Salary as Employee’s participation in such Study Fund. 7.2.3. Company shall bear any and all taxes applicable in connection with amounts payable by Employee and/or Company to the Study Fund pursuant to this Section 7.2, including any tax which may apply due to contributions exceeding the tax-exempt limit.

Study Fund. 7.2.1. Company shall contribute an aggregate monthly amount up to 7.5% of the Salary towards a study fund (▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇Keren Hishtalmut) (the “Study Fund”). 7.2.2. Employee Executive shall contribute, and for that purpose, Employee Executive hereby irrevocably authorizes and instructs Company to deduct from the Salary at source, an aggregate monthly amount equal to 2.5% of the Salary as EmployeeExecutive’s participation in such Study Fund. 7.2.3. Company shall bear any and all taxes applicable in connection with amounts payable by Employee Executive and/or Company to the Study Fund pursuant to this Section 7.2, including any tax which may apply due to contributions exceeding the tax-exempt limit.