Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 93

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 6
Chunk 93
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             the terms of employment include variable components — the possibility of         
    reducing variable components at the discretion of the Board and the possibility of setting
              a limit on the value of non-cash variable equity-based components; and          
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●                                                if                                            
          the terms of employment include severance compensation — the term of employment      
        or office of the office holder, the terms of the office holder’s compensation during   
           such period, the company’s performance during such period, the office holder’s      
    individual contribution to the achievement of the company goals and the maximization of its
            profits and the circumstances under which he or she is leaving the company.        
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96

The compensation policy must also include, among other things:

●                 with             
    regards to variable components:
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o                         with the exception of office holders who report                      
    to the chief executive officer, a means of determining the variable components on the basis
     of long-term performance and measurable criteria; provided that the company may determine 
    that an immaterial part of the variable components of the compensation package of an office
     holder shall be awarded based on non-measurable criteria, or if such amount is not higher 
           than three months’ salary per annum, taking into account such office holder’s       
                                    contribution to the company;                               
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o                        the ratio between variable and fixed components,                     
    as well as the limit of the values of variable components at the time of their payment, or
                 in the case of equity-based compensation, at the time of grant.              
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●                                                a                                             
    condition under which the office holder will return to the company, according to conditions
    to be set forth in the compensation policy, any amounts paid as part of the office holder’s
     terms of employment, if such amounts were paid based on information later to be discovered
       to be wrong, and such information was restated in the company’s financial statements;   
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●                                                the                                             
     minimum holding or vesting period of variable equity-based components to be set in the terms
    of office or employment, as applicable, while taking into consideration long-term incentives;
                                                 and                                             
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●                a             
    limit to retirement grants.
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Our compensation policy is designed to promote retention and motivation of directors and executive officers, incentivize superior individual excellence, align the interests of our directors and executive officers with our long-term performance and provide a risk management