Benefits; Compensation. (i) Purchaser agrees that, from the Closing Date until the first anniversary thereof it shall maintain employee benefit and compensation (including incentive bonus opportunity) plans, programs and arrangements for the benefit of the Transferred Employees who are not Represented Employees (the "NON-REPRESENTED EMPLOYEES") that, when taken as a whole, are at least as favorable as those provided to such employees as of immediately prior to the Closing Date (other than specific equity-based compensation and retiree medical and life benefits); provided, that, notwithstanding the foregoing, Purchaser agrees that it shall, or shall cause its applicable Subsidiary, to employ each Non-Represented Employee at a base salary or base wage that is at least the rate of base salary or wages paid to such Non-Represented Employee on the day immediately prior to the Closing Date.
Benefits; Compensation. There are many benefits associated with the PM position, ranging from personal and professional development to course credit. The IHRC position also offers a modest stipend. This will be discussed in the application process. Accountability PMs must fulfill all responsibilities outlined above in order to receive full compensation. Failure to meet any of these expectations will result in corrective action, including but not limited to the following: • Probationary status. • Non-receipt of compensation and/or class credit. • Immediate dismissal from the PM position and/or IHRC LLP.
Benefits; Compensation. Throughout the Term, the Company shall continue to make available medical and dental benefits to the Executive, and members of the Executive's family who are enrolled in the medical and dental plans at the Termination Date, at least equal to those which would have been provided in accordance with the benefit plans Executive participated in during his employment. Executive will be responsible for paying the full cost of coverage for such benefits. This coverage shall be in addition to and shall not reduce any continuation coverage required under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"); provided, however, that such benefits shall cease if the Executive becomes eligible to receive medical or dental benefits under the plan of another employer.
Benefits; Compensation. 29 4.6 Claims...............................................................................................30 4.7 Access to Properties and Records.....................................................................30 4.8
Benefits; Compensation. The Company will not adopt or amend any other Employee Benefit Plan or pay any pension or retirement allowance not required by any existing Employee Benefit Plan. The Company will not enter into or modify any employment contracts, increase the salaries, wage rates, severance or fringe benefits of its officers, directors or employees or pay bonuses, severance or other remuneration except for current salaries, severance and other remuneration for which Company is obligated under arrangements existing prior to the date hereof to which Company is a party and which have been disclosed on Schedule 2.20; provided that Company intends to distribute compensation to Gregg B. Lavin, Matthew D. Dusig, xxd Xxxxx X. Xxxxx (the "EXECUTIVES") and to William Borzage of $450,000 uxxxx xxx Xxxxxny's 2004 Executive Managemxxx Xxxxx Xxxx.
Benefits; Compensation. Subject to Section 7.20(e), the Buyer agrees that, from the Second Step Closing Date until the second anniversary thereof, the Buyer shall maintain base salary and base wages, and employee benefit and compensation (including cash incentive bonus opportunities, but excluding equity-based compensation) plans, programs and arrangements for the benefit of Employees that, when taken as a whole for all Employees, are , at least as favorable as those in effect as of immediately prior to the Second Step Closing Date).
Benefits; Compensation. Purchaser agrees that following the Closing Date it shall, or shall cause the applicable U.S. DB Entity to, maintain employee benefit and compensation (including incentive bonus opportunity) plans, programs and arrangements for the benefit of the U.S. Transferred Employees that, when taken as a whole, are at least as favorable as those provided generally to similarly situated employees of Purchaser or its applicable Affiliate, provided that, notwithstanding the foregoing, Purchaser agrees that it shall, or shall cause the applicable U.S. DB Entity, to employ each U.S. Transferred Employee at a base salary or base wage that is at least the rate of base salary or wages paid to such U.S. Transferred Employee on the day immediately prior to the Closing Date. 123
Benefits; Compensation. (i) Except as otherwise provided in the provisions of this Article VI that relate to the Business Employees employed in a particular jurisdiction, the provisions of this Section 6.12(e) shall apply to all Non-Automatic Transferred Employees. Solely to the extent that any other provision of this Article VI that relates specifically to the Business Employees employed in a particular jurisdiction conflicts with any of the provisions of this Section 6.12(e), such other provision shall prevail, but shall not limit the application of the non-conflicting provisions of this Section 6.12(e). Purchaser agrees that as of the day following the Closing Date it shall maintain employee benefit and compensation (including incentive bonus opportunity) plans, programs and arrangements for the benefit of the Non-Automatic Transferred Employees that, when taken as a whole, are at least as favorable as those provided generally to similarly situated employees of the applicable Affiliate of Purchaser, provided that, notwithstanding the foregoing, Purchaser agrees that it shall, or shall cause the applicable Affiliate, to employ each Non-Automatic Transferred Employee at a base salary or base wage that is at least the rate of base salary or wages paid to such Non-Automatic Transferred Employee on the day immediately prior to the Closing Date.
Benefits; Compensation
