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RELATED PARTIES (Tables)
 12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
Schedule of Target-based Cash Incentives

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"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)

2020

          

2019

          

2018

  

Izzy Sheratzky

1,096

2,136

2,859

Eyal Sheratzky

864

1,707

2,224

Nir Sheratzky

864

1,707

2,208

Gil Sheratzky

518

1,051

1,039