Initial Compensation of Active Employees. The initial base ---------------------------------------- salary or wage level of each Active Employee of each Group shall be no less than the base salary or wage level of such Active Employee immediately prior to the Distribution Date.
Appears in 3 contracts
Samples: Employee Benefits Allocation Agreement (Varian Associates Inc /De/), Employee Benefits Allocation Agreement (Varian Inc), Employee Benefits Allocation Agreement (Varian Semiconductor Equipment Associates Inc)
Initial Compensation of Active Employees. The initial base ---------------------------------------- salary or wage level of each Active Employee of each Group shall be no less than the base salary or wage level of such Active Employee immediately prior to the Distribution Date.
Appears in 2 contracts
Samples: Employee Matters Agreement (Ess Technology Inc), Employee Matters Agreement (Vialta Inc)
Initial Compensation of Active Employees. The initial base ---------------------------------------- salary or wage level of each Active Employee of each Group shall be no less than the base salary or wage level of such Active Employee immediately prior to the Distribution DateDATE.
Appears in 1 contract
Samples: Employee Matters Agreement (Cortelco Systems Puerto Rico Inc)
