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 5 contracts
Samples: Benefits Agreement (Newport News Shipbuilding Inc), Benefits Agreement (New Tenneco Inc), Benefits Agreement (Tenneco Inc /De)
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: Human Resources 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, except as may otherwise be provided in the Transition Services Agreement.
Appears in 2 contracts
Samples: Human Resources Agreement (Tenneco Automotive Inc), Distribution Agreement (Pactiv Corp)
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), 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)
