XML 70 R45.htm IDEA: XBRL DOCUMENT v3.19.1
RELATED PARTIES (Tables)
12 Months Ended
Dec. 31, 2018
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 US$ 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)
 
2018
   
2017
   
2016
 
Izzy Sheratzky
   
2,859
     
3,202
     
1,874
 
Eyal Sheratzky
   
2,224
     
2,337
     
1,672
 
Nir Sheratzky
   
2,208
     
2,312
     
1,478
 
Gil Sheratzky
   
1,039
     
1,379
     
1,118