Common use of Terms of Offer Clause in Contracts

Terms of Offer. Each Branch Employee shall be offered employment subject to the following terms and conditions: (i) Each Branch Employee’s base salary shall be at least equivalent to the rate of annual base salary or regular hourly wage rate, as applicable, paid by Seller to such Branch Employee as of immediately prior to the Closing Date; (ii) Each Branch Employee shall have the same commission and incentive compensation opportunity generally available to other similarly situated employees of Purchaser, as in effect from time to time; (iii) Each Branch Employee shall be eligible to receive employee benefits that are the same as those generally available to other similarly situated employees of Purchaser, as in effect from time to time; (iv) Each Branch Employee shall be offered employment at a job location that is no more than forty (40) miles from such Branch Employee’s primary workplace immediately prior to the Closing Date; and (v) Transferred Employees shall become at-will employees of Purchaser.

Terms of Offer. Each Branch Employee shall be offered employment subject to the following terms and conditions: (i) Each Branch Employee’s base salary shall be at least equivalent to the rate of annual base salary or regular hourly wage rate, as applicable, paid by Seller to such Branch Employee as of immediately the Business Day prior to the Closing Date; (ii) Each Branch Employee shall have the same commission and incentive compensation opportunity generally as is available to other similarly situated employees of Purchaser, as in effect from time to time; (iii) Each Branch Employee shall be eligible to receive employee benefits that are the same as substantially comparable to those generally available to other similarly situated employees of Purchaser, as in effect from time to time; (iv) Each Branch Employee shall be offered employment at a job location that is no more than forty thirty (4030) miles from such Branch Employee’s primary workplace immediately prior to the Closing Date; and (v) Transferred Employees shall become employees-at-will employees of Purchaser.

Terms of Offer. Each Branch Employee shall be offered employment subject to the following terms and conditions: (i) Each Branch Employee’s 's base salary shall be at least equivalent to the rate of annual base salary or regular hourly wage rate, as applicable, paid by Seller to such Branch Employee as of immediately the Business Day prior to the Closing Date; (ii) Each Branch Employee shall have the same commission and an incentive compensation opportunity generally substantially comparable to those available to other similarly situated employees of Purchaser, as in effect from time to time; (iii) Each Branch Employee shall be eligible to receive employee benefits that are the same as substantially comparable to those generally available to other similarly situated employees of Purchaser, as in effect from time to time; (iv) Each Branch Employee shall be offered employment at a job location that is no more than forty twenty-five (4025) miles from such Branch Employee’s 's primary workplace immediately prior to the Closing Date; and (v) Transferred Employees shall become employees-at-will employees of Purchaser.

Terms of Offer. Each Branch Employee shall be offered employment subject to the following terms and conditions: (i) Each Branch Employee’s base salary shall be at least equivalent to the rate of annual base salary or regular hourly wage rate, as applicable, paid by Seller to such Branch Employee as of immediately the Business Day prior to the Closing Date; (ii) Each Branch Employee shall have the same commission and incentive compensation opportunity generally as is available to those available to other similarly situated employees of Purchaser, as in effect from time to time; (iii) Each Branch Employee shall be eligible to receive employee benefits that are the same as substantially comparable to those generally available to other similarly situated employees of Purchaser, as in effect from time to time; (iv) Each Branch Employee shall be offered employment at a job location that is no more than forty thirty (4030) miles from such Branch Employee’s primary workplace immediately prior to the Closing Date; and (v) Transferred Employees shall become employees-at-will employees of Purchaser.