Compensation and Benefits Generally Sample Clauses

Compensation and Benefits Generally. (a) Except as otherwise agreed to by TRW, and except as required pursuant to the assumption or retention of collective bargaining agreements under Section 2.3 below, from the Closing Date until at least one year following the Closing Date, the TRW Automotive Group shall provide to Active TRW Automotive Employees, Shared Services Employees and Delayed Transfer Employees compensation and employee benefits which, in the aggregate and regardless of the form of such benefits, are at least as favorable as the compensation and benefits (including salary, the opportunity to earn performance based incentive compensation, fringe benefits, availability of paid leave, and pension and welfare benefits, but excluding equity-based compensation and benefits) which are provided by TRW or its Subsidiaries (as applicable) immediately prior to the Closing Date and which are listed on Schedule 5.10(a) of the Master Purchase Agreement. In addition, the TRW Automotive Group shall provide, from the Closing Date until at least one year following the Closing Date, to TRW Automotive Participants who are not active employees such post-termination benefits, in the aggregate, that are at least as favorable as the benefits described on Schedule 2.2(a) which were provided (or to be provided, in the case of deferred benefits) by TRW or its Subsidiaries (as applicable) immediately prior to the Closing Date. The foregoing shall not be construed to prevent (i) the amendment or termination of any particular plan or program or (ii) the termination of employment of any Active TRW Automotive Employee or any other person; provided however, that during such one-year period the Company and the TRW Automotive Subsidiaries shall not amend or terminate the severance policies which are (i) described on Schedule 2.2(a) and (ii) in effect immediately prior to the Closing Date.
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Compensation and Benefits Generally. (a) Until at least January 1, 2004, the TRW Automotive Group shall pay each Active TRW Automotive Employee (to the extent the Active TRW Automotive Employee remains employed with the TRW Automotive Group) at a rate not less than the base salary rate or hourly rate that was applicable to them immediately prior to the Distribution Date and shall implement any merit, promotional or other increases that, as of the Distribution Date, were scheduled to go into effect.
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Compensation and Benefits Generally. 7 Section 2.3 Collective Bargaining Agreements...........................................................8 Section 2.4
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Compensation and Benefits Generally. Until the first anniversary of the Closing Date, or for such longer period as may be required by applicable law, Buyer shall provide, or shall cause one of its Subsidiaries to provide, Retained Employees with (i) compensation and benefits that are substantially similar in the aggregate to the aggregate compensation (other than bonuses) and benefits provided to such employees immediately before Closing and (ii) such additional compensation and benefits, if any, as are required to be provided to Retained Employees pursuant to applicable law.
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Compensation and Benefits Generally. For not less than twelve (12) months following the Closing, subject to any requirements imposed by applicable Law, Buyer shall, and shall cause its Affiliates (including the Company and the Subsidiaries) to, provide to those individuals who are employed by the Company or any Subsidiary immediately prior to the Closing who remain in the employment of the Company or an Affiliate or successor of the Company (the “Continuing Employees”), (i) base salaries at least equal to those in effect for Continuing Employees immediately prior to the Closing, (ii) bonus opportunities substantially comparable to those made available to similarly situated employees of the Buyer and its Affiliates and (iii) employee benefits that in the aggregate are substantially similar to those either (X) provided by Seller and its Affiliates (including the Company), as applicable, to such persons immediately prior to the Closing, as and to the extent disclosed by Seller on Schedules 4.16(a) and 7.4(a) or (Y) provided to similarly situated employees of the Buyer and its Affiliates, in each case excluding equity-based compensation, provided, however, that nothing herein will (A) prevent the amendment or termination at any time of any specific employee benefit plan or arrangement of Buyer or its Affiliates, or (B) interfere with the Buyer’s or any of its Affiliates’ right or obligation to make such changes as are necessary to comply with applicable Law. Buyer shall recognize all pre-Closing service of Continuing Employees with the Seller and its Affiliates (including the Company) as if such service were with Buyer, for all employment purposes, including for vesting eligibility and accrual purposes under any employee benefit plans of the Buyer or its Affiliates as well as for any entitlements (including severance) of Continuing Employees on termination of their employment; provided, however, that such service shall not be recognized to the extent that such recognition would result in a duplication of benefits or for the purposes of any equity or equity-based compensation plan of Buyer. Buyer or its Affiliates shall use reasonable best efforts to cause the waiver of any waiting periods for participation in any employee benefit plans of Buyer or its Affiliates in which any Continuing Employee may be eligible. During the twelve (12) month period following the Closing, except where required by applicable Law, Buyer agrees that it will not, and it will cause the Company to not, condition continued...
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Compensation and Benefits Generally. The Employee shall be entitled to participate in any benefits, bonus or other compensation programs established for officers of the Company generally.
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Related to Compensation and Benefits Generally

  • Compensation and Benefits As compensation for all services performed by the Executive under and during the term hereof and subject to performance of the Executive’s duties and of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise:

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • Other Compensation and Benefits Except as may be provided under this Agreement,

  • Severance Compensation and Benefits Not in Derogation of Other Benefits Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive shall not be entitled to any payment under the Company’s severance policy for officers and directors.

  • Compensation and General Benefits As compensation for his services under this Agreement, the Executive shall be compensated as follows:

  • Compensation and Benefits Upon Termination (a) If Executive’s employment is terminated by reason of death or Disability, the Company shall pay Executive’s Base Salary, at the rate then in effect, in accordance with the payroll policies of the Company, through the date of such termination (in the event of Executive’s death, the payments will be made to Executive’s beneficiaries or legal representatives) and Executive shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in Sections 5(d) or (e) below or an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

  • Compensation and Benefit Plans Momentive shall not, and shall not permit any of its Subsidiaries to (i) other than in the ordinary course of business consistent with past practice, enter into, adopt, amend (except for such amendments as may be required by law) or terminate any Momentive Benefit Plan, or any other employee benefit plan or any agreement, arrangement, plan or policy between Momentive or a Subsidiary of Momentive and one or more of its directors or officers, (ii) except for normal payments, awards and increases in the ordinary course of business or as required by any plan or arrangement as in effect as of the date hereof, increase in any manner the compensation or other benefits of any director, officer or employee or pay any benefit not required by any plan or arrangement as in effect as of the date hereof or enter into any contract, agreement, commitment or arrangement to do any of the foregoing, (iii) enter into or renew any contract, agreement, commitment or arrangement (other than a renewal occurring in accordance with the terms thereof) providing for the payment to any director, officer or employee of such party of compensation or benefits contingent, or the terms of which are materially altered, upon the occurrence of any of the transactions contemplated by this Agreement (or any event closely associated therewith including without limitation any termination of employment), (iv) grant any stock option, restricted stock, restricted stock unit or other equity-related award pursuant to the Momentive Incentive Plan or otherwise on or after the date hereof or (v) enter into or amend any collective bargaining agreements, except in the ordinary course of business consistent with past practice.

  • Accrued Compensation and Benefits Notwithstanding anything to the contrary in Section 2 and 3 above, in connection with any termination of employment upon or following a Change in Control (whether or not a Qualifying Termination or CIC Qualifying Termination), the Company or its subsidiary shall pay Executive’s earned but unpaid base salary and other vested but unpaid cash entitlements for the period through and including the termination of employment, including unused earned vacation pay and unreimbursed documented business expenses incurred by Executive prior to the date of termination (collectively “Accrued Compensation and Expenses”), as required by law and the applicable Company or its subsidiary, as applicable, plan or policy. In addition, Executive shall be entitled to any other vested benefits earned by Executive for the period through and including the termination date of Executive’s employment under any other employee benefit plans and arrangements maintained by the Company or its subsidiary, as applicable, in accordance with the terms of such plans and arrangements, except as modified herein (collectively “Accrued Benefits”). Any Accrued Compensation and Expenses to which the Executive is entitled shall be paid to the Executive in cash as soon as administratively practicable after the termination, and, in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of the Executive in which the termination occurs or at such earlier time as may be required by applicable law or Section 10 below, and to such lesser extent as may be mandated by Section 9 below. Any Accrued Benefits to which the Executive is entitled shall be paid to the Executive as provided in the relevant plans and arrangements.

  • Benefits Generally The Company shall make available to Executive, throughout the term of this Agreement, benefits as are generally provided by the Company to its executive officers, including but not limited to any group life, health, dental, vision, disability or accident insurance, 401(k) plan, or other such benefit plan or policy which may presently be in effect or which may hereafter be adopted by the Company for its executive officers and key management personnel; provided, however, that nothing herein contained shall be deemed to require the Company to adopt or maintain any particular plan or policy.

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