Benefits; Compensation Sample Clauses

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. (ii) For all purposes (other than benefit accrual under a defined benefit pension plan) under the employee benefit plans of Purchaser and its Subsidiaries providing benefits to any Non-Represented Employees after the Closing (the "NEW PLANS"), each Non-Represented Employee shall be credited with his or her years of service with Seller and its Subsidiaries (including the Acquired Companies) as of the Closing Date (and any additional service credited under the Employee Benefit Plans), to the same extent as such Non-Represented Employee was entitled, before the Closing, to credit for such service under any similar Employee Benefit Plans, except to the extent such credit would result in a duplication of benefits. In addition, and without limiting the generality of the foregoing: (A) each Non-Represented Employee shall be immediately eligible to participate, without any waiting time, in any and all New Plans to the extent coverage under such New Plan replaces coverage under a comparable Employee Benefit Plan in which such Non-Represented Employee previously participated (such plans, collectively, the "OLD PLANS"); and (B) for purposes of each New Plan providing medical, dental, pharmaceutical, vision and/or disability benefits to any Non-Represented Employee, Purchaser shall cause all preexisting condition exclusions and actively-at-work requirements of such New Plan to be waived for such employee and his or her covered dependents, to the extent such exclusions and requirements were waived under comparable Old Plans, and Purchaser shall cause any eligible expenses incurred by such Non-Represented Employe...
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Benefits; Compensation. ‌ 22.01 Eligible Employees upon ninety (90) calendar days of service shall be enrolled into the Local Authorities Pension Plan. 22.02 The Employer shall pay one hundred percent (100%) of the following premiums for all Employees who have been employed for ninety (90) calendar days: • Life Insurance • Accidental Death and Dismemberment • Dental • Extended Health Insurance The Employees shall pay one hundred percent (100%) of the premiums for the Short Term and Long- Term Disability. Any changes to the benefit provider or its coverage shall be subject to negotiations between the Employer and the Union. 22.03 The Employer shall pay premiums for Dental and the Extended Health Insurance Plan for Employees in receipt of Long-Term Disability payments. 22.04 Extended Health Insurance and Alberta Health Care benefits will be extended to permanent Employees with Twenty-five (25) years or more of service, who retire directly from the Airport Authority. Benefits will be maintained up to age sixty-five (65), with a cost share between Employee and Employer of fifty percent (50%) each. 22.05 The Employer agrees to seek a cost-efficient alternative to the current provider in consultation with the Union.
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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.
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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.
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Benefits; Compensation. 29 4.6 Claims...............................................................................................30 4.7 Access to Properties and Records.....................................................................30 4.8
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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.
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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).
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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.
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Benefits; Compensation 
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Related to Benefits; Compensation

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Severance Compensation In the event (i) Employee terminates this Agreement for Good Reason in accordance with Paragraph 11.3 hereof; (ii) Employee is terminated for any reason (except death or disability) upon, or within six months following, a "Change in Management or Control (as such term is defined in Paragraph 11.5 hereof);" or (iii) Employee is terminated without Cause, the Company shall be obligated to pay severance compensation to Employee in an amount equal to his salary compensation (at the rate payable at the time of such termination) for a period of six (6) months from the date of termination. Notwithstanding the foregoing, if Employee is employed by a new employer, or as a consultant after the termination of this Agreement, the severance compensation payable to Employee hereunder shall be reduced by the amount of compensation that Employee actually receives from the new employer, or as a consultant. However, Employee shall have a duty to inform the Company that he has obtained such new employment, and the failure to do so is a material breach of this Agreement. In such event, the Company shall be entitled to (i) cease all payments to Employee under this Paragraph 11.4; and (ii) recover any unauthorized payments to Employee in an action for breach of contract. Notwithstanding anything else in this Agreement to the contrary, solely in the event of a termination upon or following a Change in Management or Control, the amount of severance compensation paid to Employee hereunder shall not include any amount that the Company is prohibited from deducting for federal income tax purposes by virtue of Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision. In addition to the foregoing severance compensation, the Company shall pay Employee (i) all compensation for services rendered hereunder and not previously paid; (ii) accrued vacation pay; and (iii) any appropriate business expenses incurred by Employee in connection with his duties hereunder and approved pursuant to Section 4 hereof, all through the date of termination. Employee shall not be entitled to any bonus compensation, whether vested or unvested; or any other compensation, benefits or reimbursement of any kind.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2. (a) All wages, salaries and other compensation paid to employees of the Project, including, but not be limited to, unemployment insurance, social security, worker's compensation, employee benefit packages and other charges imposed by a governmental authority or provided for in a union agreement, shall (a) as to employees of Manager or any Subcontractor, be reimbursed by Owner to Manager (or directly to the applicable Subcontractor, if requested by Manager) without profit or mark-up, and (b) as to employees of Owner, be paid directly by Owner. Xxnager shall coordinate all disbursements and deposits for all compensation and other amounts payable with respect to persons employed in connection with the operation of the Project from an appropriate Project Account. Manager shall maintain complete payroll records for all employees. (b) In addition to the employment of employees set forth on Schedule 3, Manager may, in its discretion, from time to time employ personnel of its general operations to perform direct special services for the benefit of the Project; provided, however, that Manager shall obtain the prior approval of Owner for the employment of such special personnel, except in emergency situations or when timing requirements do not allow for such prior approval. Owner shall reimburse Manager for such direct services rendered by special personnel in an amount commensurate with normal and customary charges for such services by similarly qualified persons. Persons whose compensation may not be charged to Owner for services rendered to the Project includes the general asset management personnel of Manager who are not on-site of the Project.

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