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6TNUFA- The Israel Idea Promotion Center is a non-profit Israeli, governmentsupportedorganization, dedicated to helping individual entrepreneurssuccessfully commercialize their new product ideas by providing seed moneygrants of 85% or up to NIS 200,000 in addition to free legal, marketing andbusiness-management consultations. Most of TNUFA’s budget is based onroyalties from successful projects.EmploymentTrade Unions and Workers CouncilsThere is no legal requirement for employers to recognize any trade union unlessa majority of the work force votes in favor of such recognition. Agreementsbetween employers and trade unions over pay and conditions are not binding bylaw and unions may not take industrial action without first securing a majorityvote in a secret ballot of their members. There is no legal requirement foremployees to be represented on the board of directors of companies.Labor Related CostsThe Israeli employee’s labor and social security costs include the following: National Insurance (Social Security )For an employee earning up to 60% of the average national salary, theemployer will pay 3.45% in national insurance and the employee will pay0.4% of his salary in national insurance. For an employee earning more than60% of the average national salary, the employer will pay 6.75% in nationalinsurance and the employee will pay 7% of his salary in national insurance.Cover includes unemployment insurance, maternity benefits, work injury, childallowances, old age pensions, medical care costs and reserve military dutycompensation.Health InsuranceFor an employee earning up to 60% of the average national salary, theemployer will deduct 3.10% from the employee’s salary for health insurancepayments. For an employee earning more than 60% of the average nationalsalary, the employer will deduct 5% from the employee’s salary for healthinsurance payments.Paid Vacation