Equivalent Compensation Sample Clauses

Equivalent Compensation. From the Closing Date until six months following the Closing Date, the Company will maintain or will cause to be maintained base salary, wages, and compensation levels for the benefit of the Covered Employees, and such Covered Employees will be eligible to participate in the Company’s benefit plans and programs, which, in the aggregate, are reasonably equivalent in value to, the wages, compensation levels, and core benefit plans provided to the Covered Employees on the Execution Date. In addition, and notwithstanding the previous sentence, for the 12 months following the Closing Date, the Company will maintain as to each Covered Employee a severance plan that is substantially equivalent to the severance plan to which such Covered Employee was entitled prior to the Closing Date.
Sample 1Sample 2
Equivalent Compensation. For a period commencing on the Effective Date and ending on December 31, 2001, Dresser or another member of either Company Group (all of which shall constitute of the "Dresser Group") or Non-Controlled Entities (the "Dresser Group") shall provide for Continued Employees in the aggregate, other than those covered by a collective bargaining agreement or similar agreement, employee compensation and employee benefit plans, programs, and policies that are in the aggregate no less favorable than those in effect with respect to similarly situated employees of the Company Groups immediately prior to the Effective Date. HALLIBURTON COMPANY AGREEMENT AND PLAN OF RECAPITALIZATION APPENDIX VI
Sample 1
Equivalent Compensation. From the Closing Date until six months following the Closing Date, Purchaser will maintain or will cause to be maintained base salary, wages, and compensation levels for the benefit of the Buckskin Employees, and such Buckskin Employees will be eligible to participate in Purchaser’s existing benefit plans and programs, which, in the aggregate, are reasonably equivalent in value to, the wages, compensation levels, and benefit plans provided to the Buckskin Employees on the date of this Agreement; provided, however, that nothing in this Agreement shall require Purchaser to implement new benefit plans and programs for the benefit of the Buckskin Employees. In addition, and notwithstanding the previous sentence, Purchaser will continue to maintain the Company’s severance plan (on the same basis) for the 12 months following the Closing Date.
Sample 1
Equivalent Compensation. For a period commencing on the ----------------------- Effective Date and ending on December 31, 2001, the Acquiror Group shall provide for Continued Employees in the aggregate, other than those covered by a collective bargaining agreement or similar agreement, employee compensation and employee benefit plans, programs, and policies that are in the aggregate Halliburton Company Agreement and Plan of Recapitalization Appendix VI no less favorable than those in effect with respect to similarly situated employees of the Company Groups immediately prior to the Effective Date.
Sample 1
Equivalent Compensation. Purchaser, upon hiring persons employed by ----------------------- Seller as of the Closing, shall endeavor to insure that the overall compensation package for such employees meets or exceeds the compensation package provided to such employees by Seller. The compensation package may include such benefits as 401(k) contributions and salary and wages. The parties shall cooperate in analyzing the equivalency of the foregoing and presenting any adjustments to employees.
Sample 1

Related to Equivalent Compensation

  • Stock Based Compensation Executive will be eligible to participate in the Company's Employee Stock Purchase Plan and to be considered by the Compensation Committee for grants or awards of stock options or other stock-based compensation under the Company's Stock Incentive Plan or similar plans from time to time in effect. All such grants or awards shall be governed by the governing Plan and shall be evidenced by the Company's then standard form of stock option, restricted stock or other applicable agreement.

  • 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 per hour.

  • Holiday Compensation Compensation for each paid holiday day not taken out is 4.6 % of the current monthly salary and holiday supplement according to 9.4.1 and 9.4.

  • Standby Compensation Employees shall be paid the equivalent of one hour's compensation for each normal standby shift, provided such shift is not longer than the employee's normal workday. A normal workday is defined as at least eight (8) hours. Employees shall be paid the equivalent of two (2) hours compensation for each "critical" standby shift. Standby compensation shall be made for only those employees occupying positions designated as Standby in accordance with Section 4.C hereof.

  • Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:

  • Fixed Compensation Each of the Co-Managers will receive certain additional fixed compensation pursuant to separate agreements with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation relates to (i) a monthly retainer for administrative support services and (ii) fixed compensation payments to representatives of Arete. $8,224 is a reasonable estimate of costs and expenses referenced in clauses (i) and (ii) above that are appropriately allocated to this Offering.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if: 4.1. The total Federal funding authorized to date under the Award is $25,000 or more; and 4.2. In the preceding fiscal year, Contractor received:

  • Annual Compensation The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs.

  • 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.