Comparable Benefits definition

Comparable Benefits means the value of Benefits offered to new hires by the applicable Heritage Company as of the day before the applicable Distribution Date with such Benefits comparability assessed on an aggregate basis for all Impacted Employees in the same country as a group and not individually for each Impacted Employee in such country, provided that no Party or member of its Group shall be required to replicate any specific Benefit or Benefit Plan of any Heritage Company, and each applicable Party or any member of its Group may compensate for any difference in the value of any Benefit by increasing or decreasing other Benefits or compensation or both.

Comparable Benefits means services and benefits, including accommodations and auxiliary aids and services, that are:

Comparable Benefits means, for purposes of this Agreement, all employee benefits including, but not limited to, vacation, disability, death benefits, healthcare, pension and 401K plans, those benefits provided in Section 2.3, and other fringe benefits provided to other similarly situated Company executives ("Company Benefits") with respect to both the financial effect of such benefits to Employee and the terms and provisions of such benefits (which benefits must be within a range of no less than 90% of the Company Benefits).

Examples of Comparable Benefits in a sentence

• Comparability for the purpose of determining ------------------ Comparable Benefits shall be assessed in terms of total dollar value (or such other measurement utilized by the consultant) to Business Employees in the aggregate.

• 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.

• Comparable Benefits shall include, but not be limited to, extended illness benefit banks in existence as of the Closing; paid time off banks in existence as of the Closing; welfare benefit plans in existence as of the Closing; and retirement benefit plans in existence as of the Closing.

• Notwithstanding anything to the contrary set forth herein, after the Merger Effective Time, nothing herein shall preclude the Surviving Corporation from terminating the employment of any employee for any lawful reason; provided that Comparable Benefits shall not be provided following termination of employment except to the extent required by COBRA or by Schedule 5.7(a).

• Parent shall maintain full discretion as to whether to provide such Comparable Benefits under Company plans or arrangements or under plans or arrangements of Parent or its subsidiaries.

More Definitions of Comparable Benefits

Comparable Benefits has the meaning set forth in Section 7.01(b).

Comparable Benefits means any health plan contract in the same

Comparable Benefits has the meaning set forth in Section 5.1(a).

Comparable Benefits means any health insurance policy in the

Comparable Benefits is defined in Section 5.7(a).

Comparable Benefits means service, benefit or financial assistance available to a consumer from a program other than the agency which meets, in whole or part, the cost of services to be provided under an individualized written rehabilitation program.

Comparable Benefits means service, benefit or financial assistance available to a consumer from a program other than the office which meets the cost of services to be provided under an individualized plan for employment.