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ESOP EXCELLENCE - 7% DISCOUNT

 

Description of Offer:


ESOP – EXCLLENCE, the leading trust company in Israel, provides Trust and Administration services to Incentive Plans (as referred to 'options') including in accordance with Section 102 to the Israeli Tax Ordinance. The services includes:

  • Presentation of on various aspects of the plan, Trustee procedures and taxation to employees.

  • Obtaining approval from the Israeli tax authorities for the Trustees and the plan.

  • Ongoing management of all ESOP related aspects including:

    • Managing the option grants table file and periodical reporting to the company.

    • Stock administration through the ESOP system and ongoing update of the options grants.

    • Section 102 reporting to Israel tax authorities.

 

Vendor hereby offers
A discount annual trust rate, Special to OurCrowd's portfolio Companies, to be paid at the beginning of each trust year, in accordance to the number of optionees, as follows:


Per 102 Participants:
Up to 5 Optionees – 1,750 NIS + VAT per year.
For any additional Optionee - additional 100 NIS + VAT per year.


Per Non 102 Participants:
Per Non 102 Participant – 50 NIS + VAT per year.

For the first trust year – 7% discount shall be provided from the above prices.
Commissions per each cash distribution:


To be paid by each participant, as follows:


Trust Commission: 0.1% maximum 250 NIS.
USD Transfer Commission: 30 USD per each wire.
NIS Transfer Commission: 22 NIS per each wire.
Exchange Commission: Exemption.


Commission in case IPO (in TASE and NASDAQ):


To be paid by each participant, as follows:
Sell / Release Commission: 0.2% from the gross proceeds, with no minimum.
USD Transfer Commission: 30 USD per each wire.
NIS Transfer Commission: 22 NIS per each wire.
Exchange Commission: Exemption.


Please note that the above commission includes the Bank’s commission but does not include the foreign broker’s commissions


The company shall pay any reasonable courier expenses required to submit the plan and related documents to the Israeli Tax Authorities, incurred by the undersigned.

 

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