Salary and Additional Compensation. 3.1. The Company shall pay the Employee as compensation for the employment services hereunder, a monthly gross salary (the “Salary”) in an amount of NIS 25,000 (reflecting cost of salary of USD 8,000) to be paid according to the Company’s regular and reasonable payroll policy, on or before the ninth business day of each month. In addition, the Company shall pay the Employee for any and all daily travel costs to subject to the prior approval of the Company’s CEO. 3.2. Israeli income tax, social security service, health tax and other applicable withholdings with respect to the Salary shall be deducted from the Salary or all other payments to the Employee, which are subject to withholding. The Salary may be payable by the Company or by a parent company or a subsidiary or another affiliate of the Company, all as shall be determined by the Company.
Appears in 2 contracts
Sources: Share Purchase Agreement (WhiteSmoke, Inc.), Share Purchase Agreement (WhiteSmoke, Inc.)