Comparable Compensation. Both parties agree to the principle of comparable compensation for comparable work. Parties will conduct periodic salary and benefit surveys of neighboring Districts providing Adult and Community Education programs. Salary schedules and structures for certificated staff, including salary rates, schedules, stipends, and longevity increases, may be adjusted based on the results of such surveys to bring them into alignment with comparable employees in the areas surveyed.
Comparable Compensation. Subject to the terms of this Section 9.2, MSI shall offer the Transferred Employees Compensation Packages that are reasonably comparable to those being provided by NCR to the Transferred Employees immediately prior to the December 17, 1999. The term "Compensation Package" shall mean base salary plus potential bonus (if applicable), plus stock options (valued using the Black Scholes option valuation method).. MSI shall offer to each Transferred Employee a base salary that is substantially similar to that earned by such employee at NCR on the Closing Date for a position with MSI which is the same or substantially equivalent to the employee's position at NCR immediately prior to the Closing. MSI will offer each Transferred Employee stock options and bonuses consistent with those received by other similarly situated MSI employees. Prior to the Execution Date, MSI has provided to NCR written confidential information regarding the proposed Compensation Packages for each Transferred Employee for the purpose of enabling NCR to evaluate independently whether MSI's proposed benefits package is comparable to that received by each such employee at NCR. Xxxx Xxxxxxx, XXX shall be deemed to have conclusively determined that MSI's proposed Compensation Package is reasonably comparable to that received by each such employee at NCR. MSI agrees that it will not relocate more than two Transferred Employees so that NCR's RIF policy would be triggered for no more than two such employees. Attached as Schedule 9.3.1 is a true and correct copy of NCR's RIF policy.
Comparable Compensation. For the 12-month period following the Closing Date, Buyer shall provide cash compensation for the Hired Active Employees that is substantially comparable to the cash compensation provided to them by the Sellers immediately prior to the Closing Date.
Comparable Compensation. Subject to the terms of this Section 9.2, BEA shall offer the Transferred Employees compensation and benefits packages that are reasonably comparable to those being provided by NCR to the Transferred Employees immediately prior to the Closing Date. BEA shall offer to each Transferred Employee a base salary that is substantially similar to that earned by such employee at NCR on the Closing Date for a position with BEA which is the same or substantially equivalent to the employee's position at NCR immediately prior to the Closing. BEA will offer each Transferred Employee stock options and bonuses consistent with those received by other similarly situated BEA employees. It is understood by both parties, however, that BEA will make vesting of stock options and bonuses contingent on successful completion of the milestones of the Plan of Record under the Consulting Agreement. Prior to the Execution Date, BEA has provided to NCR written confidential information regarding the proposed compensation packages for each Transferred Employee for the purpose of enabling NCR to evaluate independently whether BEA's proposed benefits package is "comparable" to that received by each such employee at NCR and NCR hereby confirms that BEA's proposed compensation packages as disclosed to NCR comply with BEA's obligations hereunder with respect thereto.
