Company: NCEL
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026428
Chunk: 858

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: F-4/A
Chunk 858
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 as detailed below: (1) up to 3monthly salaries, based on measurable goals to be determined in advance by the compensation committee and the Company’s Board of Directors, in accordance with the Company’s remuneration policy; (2) up to 3monthly salaries, subject to the discretion of the Compensation Committee and the Company’s Board of Directors. 3.Advance notice of termination of employment — a 6 months period for an advance notice . 4.Reimbursement of car expenses — NIS 3,500 (USD $1,000) per month (grossed up). 5.Reimbursement of business expenses — as is the custom for a senior officer and chairman of the Board of Directors, including a telephone, a computer, travel expenses (in Israel or abroad), and subject to presenting receipts, as required. 6.Indemnity, exemption, and insurance — the Company will grant Mr. Twito an exemption and indemnity, as is the custom in the Company from time to time, and will also include Mr. Twito in the Company’s Directors and Officers Liability Insurance Policy, as applicable from time to time. 7.Equity -basedcompensation — for details regarding grants after the reporting date (see Note 23). 9. Employment agreement with the CEO of the Company On February 1, 2021, Mr. Assaf Shiloni (hereinafter, “Mr. Shiloni”) began serving as CEO of the Company, and the Compensation Committee and the Company’s Board of Directors evaluated the terms of Mr. Shiloni’s employment, and determined that the terms of employment are consistent with the proposed compensation policy. The agreement will enter into force when Mr. Shiloni takes office, for an unlimited period. Below are the main conditions: 1.Salary — a gross monthly salary of NIS 55,000 (USD $15,180). 2.The standard fringe benefits for the Company’s CEO, in accordance with the Company’s policy. 3.Reimbursement of necessary and customary business expenses, in accordance with Company policy from time to time. Annex G-43 KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS Note 22: — BALANCES AND TRANSACTIONS WITH INTERESTED AND RELATED PARTIES (cont.) 4.A Company car with a value of up to NIS 200,000 (USD $55,200), including full participation in car expenses and including a tax gross