Initial Compensation of Active Employees. The initial compensation (base salary or wage level) of each Active Employee of each Group shall be the same as the compensation (base salary or wage level) of such Active Employee immediately prior to the Distribution Date.
Appears in 4 contracts
Samples: Benefits Agreement (Newport News Shipbuilding Inc), Benefits Agreement (Tenneco Inc /De), Employee Benefits Allocation Agreement (Commscope Inc)
Initial Compensation of Active Employees. The initial compensation ---------------------------------------- (base salary or wage level) of each Active Employee of each such Group as of the Distribution Date shall be the same as the compensation (base salary or wage level) of such Active Employee immediately prior to the Distribution Date.
Appears in 4 contracts
Samples: Tenneco Distribution Agreement (Tenneco Packaging Inc), Human Resources Agreement (Tenneco Packaging Inc), Human Resources Agreement (Tenneco Packaging Inc)
Initial Compensation of Active Employees. The initial compensation (base salary or wage level) of each Active Employee of each such Group as of the Distribution Date shall be the same as the compensation (base salary or wage level) of such Active Employee immediately prior to the Distribution Date.
Appears in 2 contracts
Samples: Distribution Agreement (Tenneco Packaging Inc), Tenneco Distribution Agreement (Tenneco Packaging Inc)
Initial Compensation of Active Employees. The initial compensation (base salary or wage level) of each Active Employee of each Group shall be the same as the compensation (base salary or wage level) of such Active Employee immediately prior to the NextLevel Systems Distribution Date.
Appears in 2 contracts
Samples: Employee Benefits Allocation Agreement (Commscope Inc), Employee Benefits Allocation Agreement (Commscope Inc)
Initial Compensation of Active Employees. The initial compensation (base salary or wage level) of each Active Employee of each such Group as of the Distribution Date shall be the same as the compensation (base salary or wage level) of such Active Employee immediately prior to the Distribution Date, except as may otherwise be provided in the Transition Services Agreement.
Appears in 2 contracts
Samples: Distribution Agreement (Pactiv Corp), Human Resources Agreement (Tenneco Automotive Inc)
Initial Compensation of Active Employees. The initial compensation (base salary or wage level) of each Active Employee of each Group shall be the same as the compensation (base salary or wage level) of such Active Employee immediately prior to the Distribution Date. 2.03.
Appears in 1 contract
Samples: Distribution Agreement Benefits Agreement (New Tenneco Inc)
