Common use of Continuation of Compensation and Benefits for Non-Represented Transferred Employees Clause in Contracts

Continuation of Compensation and Benefits for Non-Represented Transferred Employees. With respect to Transferred Employees who are not Represented Employees, for a period of one year following the Effective Time and subject to their continued employment with SpinCo or a member of the SpinCo Group, SpinCo shall, or shall cause another member of the SpinCo Group to, (i) pay all such non-represented Transferred Employees at least the same rate of base salary as was paid to each such non-represented Transferred Employee by SpinCo or the SpinCo Group immediately prior to the Effective Time, (ii) provide annual bonus opportunities to each such non-represented Transferred Employee at least the same target level as annual bonus opportunities made available to such non-represented Transferred Employee immediately prior to the Effective Time and (iii) provide each such non-represented Transferred Employee and, if and to the extent applicable, SpinCo Dependents eligibility for SpinCo’s or any of its Affiliates’, as applicable, employee benefit plans in accordance with their terms, as in effect as of the Effective Time (which benefits shall include, at a minimum, health insurance, a tax-qualified defined contribution retirement plan, and paid time off for sick/medical reasons and personal reasons, including vacation), or such greater benefits as may be required by applicable Law.

Continuation of Compensation and Benefits for Non-Represented Transferred Employees. With respect to Transferred Employees who are not Represented Employees, for a period of one year following the Effective Time and subject to their continued employment with SpinCo or a member of the SpinCo Group, SpinCo shall, or shall cause another member of the SpinCo Group to, to (i) pay all such non-represented Transferred Employees at least the same rate of base salary as was paid to each such non-represented Transferred Employee by SpinCo or the SpinCo Group immediately prior to the Effective Time, (ii) provide annual bonus opportunities to each such non-represented Transferred Employee at least the same target level as annual bonus opportunities made available to such non-represented Transferred Employee immediately prior to the Effective Time and (iii) provide each such non-represented Transferred Employee and, if and to the extent applicable, SpinCo Dependents eligibility for SpinCo’s or any of its Affiliates’, as applicable, employee benefit plans in accordance with their terms, as in effect as of the Effective Time (which benefits shall include, at a minimum, health insurance, a tax-qualified defined contribution retirement plan, and paid time off for sick/medical reasons and personal reasons, including vacation), or such greater benefits as may be required by applicable Law.