Comparable Compensation and Benefits. Except as otherwise expressly provided for in this Agreement or as agreed to by RemainCo, and subject to Section 10.4, SpinCo (acting directly or through its affiliates) initially intends to provide SpinCo Employees with compensation opportunities (including salary, wages, commissions and bonus opportunities) and employee benefits that are generally comparable, in the aggregate, to the compensation opportunities and employee benefits to which such SpinCo Employees were entitled to immediately prior to the Distribution Date.
Comparable Compensation and Benefits. Except as otherwise agreed to by Duke Energy, Spectra Energy (acting directly or through its Affiliates) initially intends to provide Spectra Energy Employees with compensation opportunities (including salary, wages, commissions and bonus opportunities) and employee benefits that are generally comparable, in the aggregate, to the compensation opportunities and employee benefits to which such Spectra Energy Employees were entitled to immediately prior to the Distribution Date.
Comparable Compensation and Benefits. Except as otherwise agreed to by ADP, with respect to a Broadridge Employee, for the period commencing on the Distribution Date and ending on the last day of the first calendar year beginning on or after the Distribution Date, Broadridge (acting directly or through its Affiliates) intends to provide such Broadridge Employees with compensation opportunities (including, without limitation, salary, wages, commissions and bonus opportunities) and employee benefits, but in all events excluding any equity or non-qualified deferred compensation plans or programs, that are substantially comparable, in the aggregate, to the compensation opportunities and employee benefits to which such Broadridge Employees were entitled to immediately prior to the Distribution Date; provided, however, that neither Broadridge nor any other member of the Broadridge Group shall be required to establish any tax-qualified defined benefit pension plan for Broadridge Employees.
Comparable Compensation and Benefits. Effective as of the Distribution Date, Chemours (acting directly or through its Affiliates) shall provide each Chemours Employee with compensation (including base pay and incentive compensation opportunities) no less favorable and with employee benefits (exclusive of post-retirement welfare benefits and, in the United States, Canada, United Kingdom, Switzerland, Brazil, Hong Kong and Australia, defined benefit pension benefits) comparable in the aggregate to, respectively, the compensation and employee benefits to which the Chemours Employees was entitled immediately prior to the Distribution Date. Without limiting the foregoing sentence, the severance and paid time off provided each Chemours Employee as of the Distribution Date shall be no less favorable than, respectively, the severance and paid time off benefits to which the Chemours Employees was entitled immediately prior to the Distribution Date.
Comparable Compensation and Benefits. (a) The Buyer Entity shall offer each Domestic Transferred Employee (i) for at least one year following the Domestic Employee Transition Date, total cash compensation which is the same as or better than the total cash compensation (including base pay and bonus) such Domestic Transferred Employee received from the Seller or Selling Subsidiary immediately prior to the Domestic Employee Transition Date; provided that, if the Seller or any Selling Subsidiary creates, amends, or otherwise modifies any bonus or other cash compensation plan or commitment after the date of this Agreement, the Buyer Entity shall only be obligated to offer each Domestic Transferred Employee total cash compensation which is the same as or better than the total cash compensation (including base pay and bonus) such Domestic Transferred Employee would have received immediately prior to the Domestic Employee Transition Date if such bonus or other cash compensation plan or commitment had not been so amended and (ii) a package of benefits, privileges and perquisites that is no less favorable than those offered to similarly situated employees of the Buyer Entity.
(b) The Buyer Entity shall offer to each Non-Domestic Transferred Employee (i) for at least one year following the Non-Domestic Employee Transition Date, total cash compensation which is the same as or better than the total cash compensation (including base pay and bonus) such Non-Domestic Transferred Employee received from the Seller or the Selling Subsidiary immediately prior to the applicable Non-Domestic Employee Transition Date, and (ii) a package of benefits, privileges and perquisites that is no less favorable than those offered to similarly situated employees of the Buyer Entity in the specific Foreign Country; provided, however, that to the extent that the Laws of any Foreign Country in which any Non-Domestic Designated Employees are located require the provision of Excess Non-Domestic Employee Benefits, as a result of the transactions contemplated by this Agreement, the Buyer Entity, for a period of two years following the applicable Non-Domestic Employee Transition Date, shall also, subject to the approval of the Seller (which approval shall not be unreasonably withheld), provide the Non-Domestic Transferred Employees employed in such Foreign Country with the Excess Non-Domestic Employee Benefits at the amount and level so required by the Laws of such Foreign Country or, if permitted by the Laws of such Foreign Country, ...
Comparable Compensation and Benefits. Except as otherwise expressly provided for in this Agreement or as otherwise expressly agreed to in writing between the Parties, QEP (acting directly or through its Affiliates) intends immediately following the Distribution Date to provide QEP Employees with compensation opportunities (including salary, wages, commissions and bonus opportunities) and employee benefits that are generally comparable, in the aggregate, to the compensation opportunities and employee benefits to which such QEP Employees were entitled immediately prior to the Distribution Date.
Comparable Compensation and Benefits. Except as otherwise agreed to by Duke Energy, GasCo (acting directly or through its Affiliates) initially intends to provide GasCo Employees with compensation opportunities (including salary, wages, commissions and bonus opportunities) and employee benefits that are generally comparable, in the aggregate, to the compensation opportunities and employee benefits to which such GasCo Employees were entitled to immediately prior to the Distribution Date.
Comparable Compensation and Benefits. For a period of not less than twelve (12) months after the Hire Date (unless otherwise agreed with such Hired Employee), Vir and its Affiliates shall provide to each Hired Employee: [***].
Comparable Compensation and Benefits. From the Closing Date until the Distribution Date, AgeX (acting directly or through AgeX Group Member) shall provide each AgeX Group Employee with compensation (including base pay and incentive compensation opportunities, severance compensation and paid time off) no less favorable and with employee benefits (exclusive of post-retirement welfare benefits and defined benefit pension benefits) comparable in the aggregate to, respectively, the compensation and employee benefits to which the AgeX Group Employee was entitled while employed by a BioTime Group Member or AgeX Group Member immediately prior to the Distribution Date. .
Comparable Compensation and Benefits. 57 8.3 TRAVEL PRIVILEGE AGREEMENTS....................................................................59 8.4
