Food retail chain Rami Levy Zimna Shareholders' meeting Next month, you will be asked to approve the renewal of the terms of office of its controlling shareholder, Rami Levy, and his wife Delicate.
The terms of employment of the Levy couple are expected to remain unchanged, and under them, Levy will be entitled towage At a monthly cost of 120,000 shekels for his position as CEO of the chain.
Levy informed the company last March that he was giving up NIS 25,000 of his monthly basic salary. Now, Levy has updated that he is continuing to unilaterally give up this amount for the new agreement period, so that the actual monthly cost of his employment is expected to be approximately NIS 98 million and is expected to reach an annual amount of NIS 1.14 million.
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In addition, Levi will be entitled toBonus Annually, depending on the company's profits, for a maximum amount of NIS 4 million. Levy will provide his services to the company through a management company.
In 2013, the cost of Levy's employment reached 4.3 million shekels - 1.4 million shekels in salary costs, and the balance (2.9 million shekels) as a bonus.
Shareholders will also be asked to approve the terms of employment of Adina Levy in her role as the company's VP and chief treasurer, who is expected to enjoy a gross salary of approximately NIS 81,000 and an estimated annual cost of NIS 1.3 million. The cost of her employment in 2013 reached NIS 1.24 million.
