Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Transactions and Balances with Related Parties (Tables)

v3.8.0.1
Transactions and Balances with Related Parties (Tables)
 12 Months Ended
Dec. 31, 2017
Transactions and Balances with Related Parties [Abstract]  
Schdule of transactions between related parties
      Year ended
December 31		  
      2015     2016     2017  
      NIS in thousands  
  CEO’s salary*     1,804       2,010       1,988  
  Share-based payments portion     963       1,066       455  
  Remuneration of directors**     3,513       1,214       613  
  Share-based payments portion     2,455       558       279  
  Number of directors     5       6       6  

 

Regarding benefits to other key management personnel—see C below.

 

* In accordance with the CEO’s employment agreement, the CEO will be eligible for a bonus based on qualitative criteria and parameters determined by the Company, which will amount to a maximum of four salaries, plus a special bonus based on the fulfillment of additional conditions.

 

** Including, in 2015, the effect of an agreement with one of the Company’s shareholders (who also serves as a director of the Company as from until 2016) for research consulting services, in consideration of a monthly amount of NIS 32 thousand.
Schedule of balances with related parties

      December 31  
      2016     2017  
      NIS
in thousands		  
  For salary, incidentals and other benefits, the balance is stated in other payables under current liabilities     (235 )     (577 )
Schedule of benefits for key officers
      Year ended
December 31		  
      2015     2016     2017  
      NIS in thousands  
  Salary and other short-term benefits     2,545       3,917       4,119  
  Share-based payments     500       2,147       1,051  
        3,045       6,064       5,170  
  Number of key managers     5       6       6