EGM 2007 - Amiad

X = 900,000 * Y/(Y+P)where:X = maximum amount payable to the kibbutzY = total fees payable to the kibbutz for human resources services provided duringthe year ending 31 December 2007P = total salaries payable to Employees during the year ending 31 December 20073 Payment Date3.1 The bonus shall be paid, subject to the absolute discretion of management,following Board’s approval of the 2007 financial statements in March 2008. As thepayment of the bonus is fully discretionary, the Company reserves the right not topay a bonus.4 Miscellaneous4.1 Payments of any bonus shall be subject to deductions for tax.5 DefinitionsBoard shall mean the board of directors of the Company.Employees shall mean all employees of the Company, excluding members of SeniorManagement (as defined in the Senior Management Bonus Scheme of the Company).EBIT shall mean the operating profits as appearing in the approved consolidatedfinancial statements of the Company for the year ending 31 December 2007.Sales shall mean the revenues as appearing in the consolidated financial statementsof the Company for the year ending 31 December 2007.Staff shall mean all Employees and (in relation to its provision of services under thehuman resources services agreement) Kibbutz Amiad.5753838.111