XML 57 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
RELATED PARTIES (Tables)
 12 Months Ended
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