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RELATED PARTIES (Tables) | 12 Months Ended
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Dec. 31, 2017
Related Party Transactions [Abstract] |
Schedule of Target-based Cash Incentives |
"Target-based Cash Incentives" means a cash incentive awarded to the Executive Office Holders for the Company's achievement of the following Profit-Before-Tax targets in each calendar year following the effective date of the above agreements, in which the Minimum Threshold (as defined below) has been achieved:
Company's Profit-Before-Tax Targets (In USD thousands) | Level of Incentive - As a Percentage of the Executive Office Holder's Annual Cost of Pay
24,001 - 27,500 | 20%
27,501-31,000 | 45%
31,001-35,000 | 75%
35,001-39,000 | 110%
Above 39,001 | 150%
Schedule of aggregate amounts paid to Executive Offices | Herein below is attached table regards the aggregate amounts paid to Executive Offices Holders:
|  | US dollars |
|  | Year ended December 31, |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Izzy Sheratzky |  |  | 3,202 |  |  |  | 1,874 |  |  |  | 2,249 |
Eyal Sheratzky |  |  | 2,337 |  |  |  | 1,672 |  |  |  | 1,565 |
Nir Sheratzky |  |  | 2,312 |  |  |  | 1,478 |  |  |  | 1,802 |
Gil Sheratzky |  |  | 1,118 |  |  |  | 1,118 |  |  |  | 1,175 |

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