Incredimail 2011 Annual Report Download - page 47

F. TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS
The following table summarizes our contractual commitments as of December 31, 2011 and the effect those commitments are expected to have on our
liquidity and cash flow in future periods:
(*) Uncertain income tax positions are due upon settlement and we are unable to reasonably estimate the ultimate amount or timing of settlement. See Note 10
(i) of our Consolidated Financial Statements for further information.
(**) Severance pay obligations to our Israeli employees, as required under Israeli labor law and as set forth in employment agreements, are payable only upon
termination, retirement or death of the respective employee and there is no obligation for benefits accrued prior to February 2008, if the employee voluntarily
resigns. Of this amount, $462 is unfunded.
ITEM 6. DIRECTOR S , SENIOR MANAGEMENT AND EMPLOYEES
A. DIRECTORS AND SENIOR MANAGEMENT
The following table sets forth information regarding our executive officers and directors as of February 29, 2012:
_______________
David Jutkowitz and Avichay Nissenbaum were elected to serve as our external directors by our shareholders as required by Israeli law. No shareholder has
special voting rights with respect to the election of directors or otherwise.
Josef Mandelbaum
joined the Company as a Chief Executive Officer on July 7, 2010 and was elected as a Director in January 2011. Before joining the
Company, Mr. Mandelbaum worked at American Greetings as Chief Executive Officer of the AG Intellectual Properties group, since 2000 and as Senior Vice
President of the Sales and Business Development AG Interactive group from1998 until 2000. Mr. Mandelbaum holds a BA in economics from Yeshiva University and
an MBA from the Weatherhead School of Management at Case Western Reserve University.
Payments Due by Period
Contractual Commitments
Total
Less than
1 year
1
-
3 Years
3
-
5 Years
More than
5 Years
(in thousands)
Accrued severance pay(**)
$
946
Uncertain Income Tax Positions(
*)
2,151
Operating leases
2,652
760
1,470
422
Total
$
5,749
760
1,470
422
-
Name Age Position
Josef Mandelbaum 45 Chief Executive Officer and Director
Iris Beck 46 Director
Li Carmel 39 Vice President, Human Resources
Arik Czerniak 36 Director
Alan Gelman 56 Director
Limor Gershoni Levy 41 General Counsel
Tamar Gottlieb 55 Director and Chairperson of the Board
Ron Harari 40 General Manager, Communications
Rajiv Jain 49 Chief Technology and Innovation Officer
David Jutkowitz * 61 External Director, member of Audit Committee
Yacov Kaufman 54 Chief Financial Officer
Avichay Nissenbaum * 45 External Director, member of Audit Committee
Tomer Pascal 32 General Manager, Utility Tools
Andrew Wright 49 General Manager, Photos
* "Independent" for Nasdaq Stock Market purposes.
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