Comparable Benefit definition
Examples of Comparable Benefit in a sentence
During the Comparable Benefit Period, the Employees and the Contractors may not be terminated except for cause.
During the Comparable Benefit Period, Purchaser will continue to utilize the seven employees of Stratus or its Affiliates that have performed part-time services for the Company and will reimburse Stratus for such part-time service, all in a manner and at the reimbursement rates consistent with the Company’s past practices.
Except for the commitment to continue those Benefit Plans of SL Bank that correspond to Comparable Benefit Plans until employees of SL Bank are included in such Comparable Benefit Plans, nothing herein shall limit the ability of MC Bank to terminate any of SL Bank’s Benefit Plans or the Comparable Benefits Plans in accordance with and to the extent permitted by their terms at any time permitted by such terms.
Except for the commitment to continue those Benefit Plans of AHB that correspond to Comparable Benefit Plans until employees of AHB are included in such Comparable Benefit Plans, nothing herein shall limit the ability of Parent to terminate any of AHB’s Benefit Plans in accordance with and to the extent permitted by their terms at any time permitted by such terms.
For avoidance of doubt, in no event shall wellness programs or incentives, whether provided in connection with or outside of a group health plan, be considered a Comparable Benefit that must be maintained during the Continuation Period.