Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 209

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 209
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Presented below are the main terms of the 2015 options plan:
 

●                                                   In                                                
       accordance with the 2015 options plan, options or shares will be allocated to the Company’s    
      employees in accordance with section 102 of the Income Tax Ordinance (New Version), 5721-1961   
             (hereinafter: the “Income Tax Ordinance”), in accordance with the trustee track          
    or the non-trustee track. Options will be allocated to consultants, service providers, controlling
         shareholders or any other entity other than Company employees in accordance with section     
                                  3(I) of the Income Tax Ordinance only.                              
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●                                                  The                                               
    exercise price of each share option will be determined by the board of directors in its exclusive
        discretion, in accordance with the provisions of the law, and subject to guidelines which    
                         will be recommended by the committee from time to time.                     
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On July 7, 2022, the Company’s board of directors resolved to adopt a new plan for the allocation of shares and options to employees, directors, and consultants, the Company’s 2022 Israeli Option Plan (the “2022 Options Plan”).
 
Presented below are the main terms of the 2022 Options Plan:
 

●                                                   In                                                
       accordance with the 2022 options plan, options or shares will be allocated to the Company’s    
      employees in accordance with section 102 of the Income Tax Ordinance (New Version), 5721-1961   
             (hereinafter: the “Income Tax Ordinance”), in accordance with the trustee track          
    or the non-trustee track. Options will be allocated to consultants, service providers, controlling
         shareholders or any other entity other than Company employees in accordance with section     
                                  3(I) of the Income Tax Ordinance only.                              
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●                                                 The                                              
    exercise price of each share option will be approved by the board of directors in its exclusive
       discretion, in accordance with the provisions of the law, and subject to guidelines which   
                        will be recommended by the committee from time to time.                    
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F-55
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Note 18 – Equity (Cont.)
 
Changes in share options during the year
 
Presented below is a table listing the number of share options, the weighted average of their exercise prices, and the changes which were made to the employee options plans during the current year:
 Schedule of Share Options Activity