Comparable Job Terms definition

Comparable Job Terms means, in respect of a Business Employee, terms of employment that provide for the following: (a) a position with job duties reasonably comparable to those applicable to the applicable employee’s position with Seller or its Affiliates immediately prior to the applicable Hire Date; (b) an annual base salary rate (or in the case of an hourly employee, base hourly rate of pay), at least equal to such employee’s base salary or rate of pay as in effect immediately prior to the applicable Hire Date; (c) immediate eligibility for Buyer’s or any of its Affiliates’, as applicable, employee benefit plans available to similarly situated employees of Buyer or any of its Affiliates, as applicable (which benefits shall include, at a minimum, health insurance, a tax-qualified defined contribution retirement plan, and paid time off for sick/medical reasons and personal reasons, including vacation, and shall exclude any frozen defined benefit retirement plan), effective as of the applicable Hire Date; (d) an annual base salary rate (or in the case of an hourly employee, base hourly rate of pay) plus target cash incentive opportunity (calculated as the sum of the annual discretionary cash incentive funded target opportunity and the variable quarterly formulaic incentive compensation target opportunity, as applicable) that, in the aggregate, is no less favorable than the aggregate base salary rate (or base hourly rate of pay if applicable) and target cash incentive opportunity provided to such Business Employee immediately prior to the applicable Hire Date; (e) a primary work location which, with respect to the employee, does not result in a Material Change of Work Location, except for employees who work remotely on a permanent basis as of immediately prior to their applicable Hire Date (and not as a result of any temporary work-from-home policy implemented as a result of COVID-19); and (f) prior service credit for the employee’s recognized service with Seller (or any of its Affiliates) prior to the applicable Hire Date in accordance with and to the extent specified in Section 5.2(e), in each case without regard to any changes made after the date of this Agreement by Seller or its Affiliates pursuant to Section 5.1(a)(vi)(D).
Sample 1Sample 2
Comparable Job Terms means, in respect of a Business Employee, terms of employment that provide for the following (in each case, other than with respect to clause (c), with such comparability measured based on the information set forth on the Updated Closing Census, as updated in accordance with Section 5.2(a)): (a) a position substantially comparable to the Business Employee’s position with Seller or its Affiliates immediately prior to the applicable Hire Date, as adjusted to reflect Buyer’s and its Affiliates’ conventions and standard practices regarding titles and reporting structures; (b) an annual base salary rate (or in the case of an hourly employee, base hourly rate of pay), at least equal to such Business Employee’s base salary or rate of pay as in effect immediately prior to the applicable Hire Date; (c) eligibility for employee benefits that are no less favorable, in the aggregate, than those employee benefits provided to either (x) such Business Employee immediately prior to the applicable Hire Date pursuant to the Employee Benefit Plans set forth on Section 3.13(a) of the Seller Disclosure Letter or (y) except as provided on Section 1.1(B) of the Buyer Disclosure Letter, similarly situated employees of Buyer or its Affiliates, in each case, other than any frozen retiree health or welfare benefits, frozen non-qualified deferred compensation plans, frozen defined benefit retirement plans, or one-time special bonus opportunities; (d) an annual discretionary target percentage cash incentive opportunity and variable formulaic cash incentive compensation opportunity (if applicable), in each case, that is no less favorable than such incentive opportunity provided by Seller or any of its Affiliates to the Business Employee immediately prior to the applicable Hire Date (for the avoidance of doubt, other than one time or special non-ordinary incentive compensation opportunities payable in connection with, or a result of, the transactions contemplated by this Agreement); (e) target equity and/or equity-based incentive opportunities (if applicable) that are no less favorable than such incentive opportunities provided by Seller or any of its Affiliates to the Business Employee immediately prior to the applicable Hire Date (with such reasonable vesting terms as may be determined by Buyer in its sole discretion) but, for the avoidance of doubt, excluding Seller’s Free Share and Employee Purchase Plan or any other employee purchase plan or “free share” program maintained by Selle...
Sample 1Sample 2

Related to Comparable Job Terms

  • comparables means information that compares an issuer to other issuers;

  • Comparable Supply means the supply of Services to another customer of the Supplier that are the same or similar to the Services;

  • Comparable Services means services that are identical or materially similar to the benchmarked Services (including in terms of scope, specification, volume and quality of performance) provided that if no identical or materially similar services exist in the market, the Supplier shall propose an approach for developing a comparable services benchmark;

  • Comparable Position means a position where:

  • Comparable includes a job with a salary range not more than four grid levels below the employee's original classification.

  • Comparable Company means global company and deemed by the Calculation Agent to have characteristics comparable to the Companies initially comprising the Reference Portfolio.

  • Third Party Terms means, if any, the end user license agreement(s) or similar terms for the Third Party Software, as applicable and attached as Exhibit D.

  • Financial Terms means the amount of compensation to be received by Vendor as evidenced by the Contract Documents, during the contract time.

  • Product Terms means the document that provides information about Products available under this Agreement. The Product Terms document is published on the Licensing Site and is updated from time to time.

  • URL Terms means the terms with which Customer must comply, which are located at a URL, referenced in this Agreement and are hereby incorporated by reference.

  • Comparable Rates means rates payable by the Comparison Group for Comparable Services so as to be fair comparable rate with the Framework Prices;

  • Material Terms means (i) for Designated FX Transactions, the Settlement Date, amounts of each currency to be delivered by each party, and any other terms considered material in the market, (ii) for Designated Option Transactions, the amounts of each currency, the style (e.g., American or European) of option, the strike price, premium, expiration date, and any other terms considered material in the market, (iii) for Designated Bullion Trade Transactions, the Trade Date, Purchaser, Seller, Bullion, number of Ounces, Contract Price, Value Date, and any other material terms and (iv) for Designated Bullion Option Transactions, Trade Date, Buyer, Seller, Bullion, number of Ounces, style, type, Strike Price, Expiration Date, Settlement Date, Premium, Premium Payment Date, and any other material terms (terms used in subsection (iii) and (iv) in this definition have the means set forth in the 2005 ISDA Commodity Definitions).

  • Service Terms means the service terms applicable to each Service, which are made part of this Agreement upon the date you elect to register for or use the applicable Service, and any subsequent modifications we make to those terms.

  • Special Terms means the Section of the Contract entitled “Special Terms” that contains terms specific to this Contract, including but not limited to the Scope of Work and contract payment terms. If there is a conflict between the General Terms for Services Contracts and the Special Terms, the Special Terms shall prevail.

  • Commercial Terms means this Agreement excluding the Purchase Order;

  • Comparable Buildings means the Building and those other life sciences buildings which are comparable to the Building in terms of age (based upon the date of completion of construction or major renovation of to the building), quality of construction, level of services and amenities, size and appearance, and are located in South San Francisco, California and the surrounding commercial area.

  • Other Terms All accounting terms used in this Agreement, unless otherwise indicated, shall have the meanings given to such terms in accordance with GAAP. All other terms contained in this Agreement, unless otherwise indicated, shall have the meanings provided by the Code, to the extent such terms are defined therein.

  • Service Specific Terms has the meaning given in the G Suite Agreement or Complementary Product Agreement, as applicable, or, if Customer’s G Suite Agreement does not define “Service Specific Terms”, means the then-current terms specific to one or more Core Services for G Suite set out at xxxxx://xxxxxx.xxxxxx.xxx/terms/service-terms/.

  • Product Specific Terms means the terms applicable to a specific item of Licensed Software as set out in Schedule 2;

  • Key Terms means, with respect to a Relevant Transaction and a party, the valuation of such Relevant Transaction and such other details the relevant party deems relevant from time to time which may include the effective date, the scheduled maturity date, any payment or settlement dates, the notional value of the contract and currency of the Relevant Transaction, the underlying instrument, the position of the counterparties, the business day convention and any relevant fixed or floating rates of the Relevant Transaction. For the avoidance of doubt, "Key Terms" does not include details of the calculations or methodologies underlying any term.

  • Long-term care services means services provided through the department of social and health services either in a hospital or skilled nursing facility, or in another setting under a home and community-based waiver authorized under 42 U.S.C. Sec. 1396n.

  • Professional Provider means a Physician, Dentist, Podiatrist, Psychologist, Chiropractor, Optometrist or any Provider designated by the Claim Administrator or another Blue Cross and/or Blue Shield Plan.

  • Online Services Terms means the additional terms that apply to Customer’s use of Online Services published on the Licensing Site and updated from time to time.

  • Primary Terms and Conditions means the terms and conditions applicable to the ICICI Bank’s internet banking facility/service.

  • Specific Terms The terms and conditions as set out in clause 34 onwards which apply in respect of the specific Equipment hired by the Customer.

  • Restricted Services means services of any kind or character comparable to those Executive provided to the Company during the eighteen (18) month period immediately preceding Executive’s last date of employment with the Company.