Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 109

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 6
Chunk 109
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 to the board with respect to the compensation policy for our employees and ensuring that we are in compliance with all legal requirements with respect to compensation disclosure. In performing its duties, the Compensation Committee has the authority to engage such advisors, including executive compensation consultants, as it considers necessary.
Philosophy and Objectives
 
The compensation program for senior management of the Company is designed to ensure that the level and form of compensation achieves certain objectives, including:
 

a)                                        attracting                                     
                   and retaining talented and highly-qualified executives;               
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b)   motivating                                                                          
     the short and long term performances of executives; and                             
c)   creating                                                                            
     a corporate environment which aligns their interests with those of the shareholders.
 
The compensation program is designed to provide competitive levels of compensation. We recognize the need to provide a total compensation package that will attract and retain qualified and experienced executives as well as align the compensation level of each executive to that executive’s level of responsibility. In general, the Company’s executive officers may receive compensation that is comprised of three components: (a) a base salary; (b) equity participation through the Company’s Equity Incentive Plan or all such forms of compensation.
 

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Base Salary
 
In our view, we pay base salaries which are competitive in the markets in which we operate. We believe that this is a first step to attracting and retaining talented, qualified and effective executives.
Equity Participation through Equity Incentive Plan
 
We have, as a part of our long-term incentive, adopted an Equity Incentive Plan. The purpose of the Equity Incentive Plan is to provide us with a share-related mechanism to attract, retain and motivate qualified directors, employees and consultants, to reward such of those non-employee directors, employees and consultants as may be granted options under the Equity Incentive Plan by the Board from time to time for their contributions towards our long term goals and success and to enable and encourage such non-employee directors, employees and consultants to acquire our shares as long term investments and proprietary interests in InterCure.
Pension Plan Benefits
 
Our executive officers are entitled to social benefits according to Israeli law, which include a standard pension plan.
 
Israeli Corporate Law Matters Impacting Executive Compensation
 
Under the Companies Law, the compensation of external directors is set in the regulations thereto, and the compensation of directors of a public company requires the approval of the compensation committee, the subsequent approval of the board of directors and, unless exempted under regulations promulgated under the Companies