Company: PERI
Filing Date: 2025-03-25
Form Type: 20-F
Source: 0001178913-25-001021
Chunk: 100

Company: Perion Network Ltd.
Filing Date: 2025-03-25
Form: 20-F
Item: Item 6
Chunk 100
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31, 2024, including the compensation paid to such Covered Executive following the end of the year in respect of services provided during the year. Each of the Covered Executives was covered by our D&O liability insurance policy and was entitled to indemnification and exculpation in accordance with applicable law and our articles of association. All numbers below are in US Dollars in thousands.

 

              Name and Principal Position (1)                    Salary Cost(2)      Bonus(3)       Equity-Based       Total   
                                                                                                  Compensation(4)              
-------------------------------------------------------------------------------------------------------------------------------
Tal Jacobson, Chief Executive Officer                                        564           255               1,736        2,555
Maoz Sigron, Chief Operating Officer; former Chief Financial                 438           170               1,251        1,859
Officer (5)                                                                                                                    
Daniel E. Aks, former President, Undertone Business Unit                     570           207                 464        1,241
Elad Tzubery, Chief Financial Officer                                        326           122                 241          688
(6)                                                                                                                            
Eyal Kaplan, Chairman of the Board of Directors                              125             0                 180          305
 
(1) Unless otherwise indicated herein and excluding Mr. Eyal Kaplan, all Covered Executives are employed on a full-time (100%) basis.
 
(2) Salary cost includes the Covered Executive’s gross salary plus payment of social benefits made by the Company on behalf of such Covered Executive. Such benefits may include, to the extent applicable to the Covered Executive, payments, contributions and/or allocations for savings funds (e.g., Managers’ Life Insurance Policy), education funds (referred to in Hebrew as “keren hishtalmut”), pension, severance, risk insurances (e.g., life, or work disability insurance), payments for social security and tax gross-up payments, vacation, medical insurances and benefits, phone, convalescence or recreation pay and other benefits and perquisites consistent with the Company’s policies.
 
(3) Annual bonuses granted to the Covered Executives based on formulas set forth in the annual compensation plan and/or special bonus approved by compensation committee of the board and the board of directors pursuant to the terms of our Compensation Policy for Directors and Officers.
 
(4) Represents the equity-based compensation expenses recorded in our consolidated financial statements for the year ended December 31, 2024. Such numbers are based on the RS